H S India Limited

BSE: 532145
H S India Limited - travel and hospitality in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN L55100MH1989PLC053417 Incorporated 12 September 1989 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - BSE: 532145 Public Limited Company travel and hospitality MSME · Small
Data last updated
Market Cap
₹17.46 Cr
HOTLSILV · BSE
Share Price
₹10.88
+1.21% today
Revenue
₹26.09 Cr
FY 2025-26 · -3.1% YoY
EBITDA
₹3.70 Cr
Margin 14.2%
Net Profit
₹1.62 Cr
FY 2025-26 · +14.9% YoY
P/E (TTM)
9.7x
P/B 0.5x
ROE
5.0%
ROCE 7.0%
Debt / Equity
0.44
Interest cover 41.8x

About H S India Limited

Data last updated:

H S India Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the hotel and accommodation services segment of the travel and hospitality sector. It was incorporated on 12 September 1989 and has been in existence for over 37 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L55100MH1989PLC053417. Its GSTIN is 24AAACH1042C1ZH (Gujarat). The company holds 3 GST registrations, of which 2 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 532145.

The company has an authorised share capital of ₹17 Cr and a paid-up capital of ₹16.24 Cr. It was formerly known as Hotel Silver Plaza Private Limited. It is led by directors including Pushpendra Radheshyam Bansal (Managing Director) and Ramesh Radheyshyam Bansal (Managing Director).

Its last annual general meeting (AGM) was held on 09 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Unit No. 202 Morya Blue Moon Off New Link Road Andheri West, Mumbai, Maharashtra, India – 400053.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹26.09 Cr, a decline of 3.1% compared to the previous year. For the same year it recorded a net profit of ₹1.62 Cr (net margin 6.2%) and EBITDA of ₹3.7 Cr (EBITDA margin 14.2%). The net worth stands at ₹33.52 Cr (up 5.1% YoY). Total assets are valued at ₹46.02 Cr (down 4.6% YoY).

The company has about 154 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: HS India. As per MCA filings, the company has open charges of ₹24.7 Cr and satisfied charges of ₹117.41 Cr on record. Court records list 9 cases involving the company, including 3 filed by the company and 6 filed against it; 1 case is pending. The company has 19 deals on record (19 market trades); the latest was in January 2024. Its 7 peer companies in the Consumer Services industry (Hotels), with the same principal business activity (accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc.) are compared by revenue, 4 larger and 3 smaller; the largest is R.S.Sharma and Company (Delhi) Private Limited with revenue of ₹27.53 Cr.

H S India Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0015125). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hsindia.in.

Company details

CIN L55100MH1989PLC053417
Registration Number 053417
Incorporation Date 12 September 1989
ROC Mumbai
Listing Status Listed - Listed on BSE (532145)
Company Status Active
Date of Last AGM 09 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-22-0015125

CIN history

H S India has one previous CIN (Corporate Identification Number): U55100MH1989PTC053417. The current CIN is L55100MH1989PLC053417, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L55100MH1989PLC053417Current
U55100MH1989PTC053417Previous
Key People
Pushpendra Radheshyam Bansal Managing Director Ramesh Radheyshyam Bansal Managing Director Sangita Pushpendra Bansal Director

Recognitions & Rankings of H S India

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-GJ-22-0015125

Contact details

H S India Limited's registered office is in Mumbai, Maharashtra. Its website is hsindia.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    hsindia.in
  • Registered Address
    Unit No. 202 Morya Blue Moon Off New Link Road Andheri West, Mumbai, Maharashtra, India – 400053
  • Industry
    Travel and Hospitality, Hotel & Accommodation Services

To see the full contact details of H S India Limited, buy the company report.

Comprehensive company report
H S India Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

H S India operates one associated brand: HS India. Each brand links to its own profile.

BrandDescriptionWebsite
HS India
Hotels and restaurants under various brands are operated in India.hsindia.in

Business activity

The main business activities of H S India are accommodation and food service and trade. In detail, this covers accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc., food and beverage services provided by hotels, restaurants, caterers, etc. and retail trading. 3 activity segments are registered with the MCA.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
IAccommodation and Food ServiceI1Accommodation services provided by Hotel, Inns, Resorts, holiday homes, hostel, etc.
IAccommodation and Food ServiceI2Food and beverage services provided by hotels, restaurants, caterers, etc.
GTradeG2Retail Trading

To see the full business activity and turnover split of H S India Limited, buy the company report.

Financials of H S India Limited

FY 2025-26 filings available

H S India Limited reported revenue of ₹26.09 Cr (down 3.1% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹26.09 Cr
-3.1% YoY
EBITDA
₹3.70 Cr
-7.3% YoY
Profit After Tax
₹1.62 Cr
+14.9% YoY
Net Worth
₹33.52 Cr
+5.1% YoY
Total Assets
₹46.02 Cr
-4.6% YoY
Total Debt
₹12.43 Cr
-23.6% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue26.0926.9225.5923.9518.0110.2825.91
Revenue growth-3.1%+5.2%+6.9%+33.0%+75.2%-60.3%-
EBITDA3.703.993.793.683.671.354.74
EBITDA margin+14.2%+14.8%+14.8%+15.4%+20.4%+13.1%+18.3%
Profit before tax2.141.891.641.291.22(1.52)1.35
Net profit1.621.411.351.041.09(1.43)1.26
Net profit margin+6.2%+5.2%+5.3%+4.3%+6.1%-13.9%+4.9%
EPS (₹)1.000.870.820.640.67(0.88)0.78
Balance sheet
Total assets46.0248.2449.8750.3051.9146.9544.92
Net worth33.5231.9030.6129.3128.2227.0828.47
Total debt12.4316.2719.1920.9223.6219.7716.31
Cash & bank5.095.728.669.4711.626.433.92
Net working capital32.8634.4835.7435.4736.5230.7927.42
Cash flow
Cash from operations4.612.003.072.983.640.492.67
Cash from investing(0.21)(0.71)(0.24)(0.48)(0.26)0.00(0.08)
Cash from financing(5.02)(4.24)(3.63)(4.65)1.812.02(1.85)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue8.427.267.095.815.937.327.236.18
Revenue growth (YoY)+42.0%-0.8%-1.9%-6.0%-4.2%---
Other income0.080.160.090.090.160.160.10(0.04)
Total expenses7.575.915.865.205.426.255.855.20
EBITDA0.851.351.230.610.511.071.380.98
EBITDA margin+10.1%+18.6%+17.3%+10.5%+8.6%+14.6%+19.1%+15.9%
Depreciation0.210.250.210.210.210.240.220.22
Interest0.230.250.280.300.350.380.390.40
Profit before tax0.491.010.830.190.110.610.870.32
Tax0.200.240.200.080.000.170.150.17

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 24 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue8.427.267.095.815.937.327.236.18
Revenue growth (YoY)+42.0%-0.8%-1.9%-6.0%-4.2%---
Other income0.080.160.090.090.160.160.10(0.04)
Total expenses7.575.915.865.205.426.255.855.20
EBITDA0.851.351.230.610.511.071.380.98
EBITDA margin+10.1%+18.6%+17.3%+10.5%+8.6%+14.6%+19.1%+15.9%
Depreciation0.210.250.210.210.210.240.220.22
Interest0.230.250.280.300.350.380.390.40
Profit before tax0.491.010.830.190.110.610.870.32
Tax0.200.240.200.080.000.170.150.17
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue26.0926.9225.5923.9518.0110.2825.91
Revenue growth-3.1%+5.2%+6.9%+33.0%+75.2%-60.3%-
Other income0.500.360.780.670.510.220.41
Total expenses22.3922.9321.8020.2714.348.9321.17
Employee cost6.215.745.004.482.971.634.66
EBITDA3.703.993.793.683.671.354.74
EBITDA margin+14.2%+14.8%+14.8%+15.4%+20.4%+13.1%+18.3%
Depreciation0.880.901.121.121.111.361.60
Interest1.181.561.811.941.851.732.20
Profit before tax2.141.891.641.291.22(1.52)1.35
Tax0.520.480.300.250.13(0.09)0.09
Net profit1.621.411.351.041.09(1.43)1.26
Net profit margin+6.2%+5.2%+5.3%+4.3%+6.1%-13.9%+4.9%
EPS (₹)1.000.870.820.640.67(0.88)0.78
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital16.2416.2416.2416.2416.2416.2416.24
Reserves & surplus17.2815.6614.3713.0711.9810.8412.23
Shareholders' funds (net worth)33.5231.9030.6129.3128.2227.0828.47
Secured loans12.4316.2719.1920.9223.6219.7716.31
Unsecured loans0.000.000.000.000.000.000.00
Total debt12.4316.2719.1920.9223.6219.7716.31
Total liabilities46.0248.2449.8750.3051.9146.9544.92
Assets
Gross block40.4040.1939.3439.1738.8138.5538.55
Net block9.9110.5810.5911.5412.3013.1414.51
Capital work in progress0.000.000.180.120.000.000.00
Investments2.692.692.692.692.692.692.69
Inventories0.970.930.790.860.710.660.63
Sundry debtors2.462.362.322.642.592.242.47
Cash & bank balances5.095.728.669.4711.626.433.92
Loans & advances26.3727.1726.0324.2423.4023.4822.82
Total current assets34.8936.1837.8037.2138.3232.8129.84
Total current liabilities2.031.702.061.741.802.022.42
Net working capital32.8634.4835.7435.4736.5230.7927.42
Total assets46.0248.2449.8750.3051.9146.9544.92
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash5.728.669.4711.626.433.923.18
Net cash from operating activities4.612.003.072.983.640.492.67
Net cash from investing activities(0.21)(0.71)(0.24)(0.48)(0.26)0.00(0.08)
Net cash from financing activities(5.02)(4.24)(3.63)(4.65)1.812.02(1.85)
Net change in cash(0.63)(2.95)(0.80)(2.15)5.192.510.74
Closing cash5.095.728.669.4711.626.433.92
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-3.1%+5.2%+6.9%+33.0%+75.2%-60.3%-
EBITDA growth-7.3%+5.3%+3.0%+0.3%+171.9%-71.5%-
PBT growth+13.2%+15.2%+27.1%+5.7%+9998.0%--46.2%
Net income growth+14.9%+4.4%+29.8%-4.6%+176.2%-213.5%-
Revenue CAGR (3Y)+2.9%+14.3%+35.5%-2.6%-14.6%-27.4%+4.4%
EBITDA CAGR (3Y)+0.2%+2.8%+41.1%-8.1%-13.5%-38.1%-10.0%
Profitability & leverage
Net income margin+6.2%+5.2%+5.2%+4.3%+6.1%-13.9%+4.9%
Return on capital employed+7.0%+7.0%+6.9%+6.3%+6.2%+0.4%+7.8%
Return on net worth+5.0%+4.5%+4.4%+3.6%+3.9%-5.2%+4.3%
Debt / equity0.440.570.670.770.780.650.55
Long-term debt / equity0.330.430.540.690.740.610.45
Interest cover41.8450.4967.7975.7872.27-17,300.0070.06
Efficiency & per share
Fixed asset turnover0.650.680.650.610.470.270.67
Inventory turnover27.4631.3031.0230.5126.2915.9438.10
Debtors turnover10.8311.5010.329.167.464.3710.71
EPS (₹)1.000.870.820.640.67(0.88)0.78
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)20.6419.6418.8518.0517.3816.6817.53

To see the full year-wise statements and ratios of H S India Limited, buy the company report.

Board of directors of H S India Limited

H S India has 6 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Sangita Pushpendra Bansal
Also directs: Lords Ishwar Hotels Limited, Lords Institute of Management Private Limited, Lords Inn Hotels and Resorts Private Limited
Director11 Sep 201412 Years 1 MonthsCurrent
Pushpendra Radheshyam Bansal
Also directs: Lords Ishwar Hotels Limited, Stone Designs (India) Private Limited, Om Sai Dahej Salt Mandli Private Limited and 5 more
Managing Director31 May 20197 Years 4 MonthsCurrent
Ghanshyam Parasram MistryDirector07 Sep 20224 Years 1 MonthsCurrent
Adityabhai Jagdishbhai Joshi
Also directs: Lords Ishwar Hotels Limited, Shah Metacorp Limited, Bindal Exports Limited
Director07 Sep 20224 Years 1 MonthsCurrent
Ramesh Radheyshyam Bansal
Also directs: Abhishek Tour Operators Private Limited
Managing Director29 Sep 200521 Years 0 MonthsCurrent
Mehul Narendrakumar Hingu
Also directs: Teja Engineering Industries Limited, Broach Lifecare Hospital Limited, Abril Paper Tech Limited
Director11 Sep 20242 Years 1 MonthsCurrent
View all directors

Peer comparison

H S India Limited is compared with the 7 companies closest to it by revenue in the Consumer Services industry (Hotels), with the same principal business activity (accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc.), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
R.S.Sharma and Company (Delhi) Private Limited₹27.53 Cr (FY 2025)3.0%Delhi, India
Enchanted Woods Club Limited₹27.38 Cr (FY 2025)8.0%Delhi, India
Sona Gold Developers Private Limited₹27.3 Cr (FY 2025)93.0%Patna, Bihar, India
Shivji Palace Hotel and Club Private Limited₹27.28 Cr (FY 2025)1050.0%Saharanpur, Uttar Pradesh, India
Riviera De Goa Resorts and Hotels Private Limited₹27.17 Cr (FY 2025)53.0%Goa, India
United Hotels and Properties Pvt. Ltd.₹27.14 Cr (FY 2023)111.0%Kolkata, West Bengal, India
Rockland Hotels Rudrapur Private Limited₹27.07 Cr (FY 2025)17.0%New Delhi, Delhi, India
H S India Limitedthis company₹26.09 Cr (FY 2026)₹1.62 Cr6.2%-3.1%154Mumbai, Maharashtra, India

To see the full peer comparison of H S India Limited, buy the company report.

Auditor

H S India Limited is audited by K. K. HARYANI & CO. for the financial year 2023.

Auditor firmFinancial yearFirm registration number
K. K. HARYANI & CO.FY 2023121950W

Shareholding

Shareholding for the quarter ended Mar 2026: promoters hold 41.10%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 58.90%.

Promoters: 41.10%Retail & Others: 58.90%
Mar 2026
QUARTER
41.10% Promoters
58.90% Retail & Others
Promoter holding - history
Now 41.10% · Mar 2026High 41.10% · Jun 2025Low 41.10% · Jun 2025
40%40.8%41.5%42.3%43%Jun 2025Sep 2025Dec 2025Mar 2026Jun 2025: 41.10%Sep 2025: 41.10%Dec 2025: 41.10%Mar 2026: 41.10%41.10%41.10%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025
Promoters41.10%41.10%41.10%41.10%
Public58.90%58.90%58.90%58.90%

Charges & borrowings

Open charges
₹24.7 Cr
Satisfied charges
₹117.41 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹24.70 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
01 Jan 2025101027025Hdfc Bank Limited₹28 LakhOpen
06 Aug 2024100961678Hdfc Bank Limited₹1.9 CrOpen
16 Nov 2019100303841Hdfc Bank Limited₹22.52 CrOpen
27 Sep 2022100618487Hdfc Bank Limited₹7 CrSatisfied
09 Jan 2018100150091Hdfc Bank Limited₹10 LakhSatisfied

To see the full charge records of H S India Limited, buy the company report.

Total charge records: 17 View all charges

Deals & funding

H S India Limited has 19 deals on record (19 market trades); the latest was in January 2024.

Total deals
19
Market trades
19

Deals on record (5 of 19)

WhenDealAmountParties
Jan 2024Market trade₹19.8 LakhBuyer: an individual
Dec 2022Market trade₹77.5 LakhBuyer: Multiplier Share and Stock Advisors Private Limited , an individual
Seller: Multiplier Share and Stock Advisors Private Limited , 2 individuals
Sep 2007Market trade₹20.3 LakhBuyer: SVS Securities Private Limited
Apr 2007Market trade₹53.9 LakhBuyer: Rich Udoyog Network Ltd.
Seller: an individual
Mar 2007Market trade₹98.7 LakhBuyer: Rich Udyog Network Limited

To see the full deal history of H S India Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for H S India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

H S India Limited has a workforce of 154 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.

Employee count
154
Active EPFO establishments
1
Employee growth
6.21%

GST

H S India has 3 GST registrations: 2 active and 1 cancelled or inactive.

Total GSTINs
3
Active
2
Cancelled / inactive
1
GSTINStateStatusRegistered on
24AAACH1042C1ZHGujaratActive01 Jul 2017
24AAACH1042C4ZEGujaratActive10 Jun 2020

To see the full GST registrations and return filing status of H S India Limited, buy the company report.

Recent activity

H S India Limited has 30 board changes on record since 2001: 18 appointments and 12 cessations. The latest: Mehul Narendrakumar Hingu was appointed as Director on 11 Sep 2024.

Filing
H S India Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
AGM
H S India Limited last Annual general meeting of members was held on 09 Sep 2025 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.28 Cr with Charge ID 101027025 was registered on 01 Jan 2025.
Appointed
Mehul Narendrakumar Hingu was appointed as Director.
Ceased
Pradeep Om Dhawan ceased to be Director.
Charges
A charge with Hdfc Bank Limited of Rs. 22.52 Cr registered on 16 Nov 2019 with Charge ID 100303841 was modified on 09 Sep 2024.
Charges
A charge registered on 27 Sep 2022 via Charge ID 100618487 with Hdfc Bank Limited was fully satisfied on 16 Aug 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1.90 Cr with Charge ID 100961678 was registered on 06 Aug 2024.
Charges
A charge with Hdfc Bank Limited of Rs. 7.00 Cr registered on 27 Sep 2022 with Charge ID 100618487 was modified on 29 Aug 2023.
Charges
A charge registered on 09 Jan 2018 via Charge ID 100150091 with Hdfc Bank Limited was fully satisfied on 08 Feb 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 7.00 Cr with Charge ID 100618487 was registered on 27 Sep 2022.
Ceased
Shiladitya Mukherjee ceased to be Director.

58 earlier events are in the company report.

News

Frequently asked questions

H S India is an active public limited company based in Mumbai, Maharashtra, India. The company works in hotel and accommodation services, within the travel and hospitality industry. It was incorporated on 12 September 1989 (37+ years old) and is registered under CIN L55100MH1989PLC053417. Listed on BSE: 532145.

H S India reported revenue of ₹26.09 Cr for FY 2025-26 (down 3.1% YoY) based on standalone financials.

H S India has 6 current directors:

The latest financial statements of H S India on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 09 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of H S India is 24AAACH1042C1ZH, registered in Gujarat. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 24AAACH1042C4ZE (Gujarat).

The CIN (Corporate Identification Number) of H S India is L55100MH1989PLC053417. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. H S India is a listed company as per MCA records. Its shares are listed on BSE (code: 532145).

H S India has 9 court cases on record: 3 filed by the company and 6 filed against it. 1 is pending.

H S India was incorporated on 12 September 1989, making it 37+ years old. It is registered with the Registrar of Companies, Mumbai.

H S India has 19 deals on record (19 market trades); the latest was in January 2024.

The peers of H S India by revenue are R.S.Sharma and Company (Delhi) Private Limited, Enchanted Woods Club Limited, Sona Gold Developers Private Limited, Shivji Palace Hotel and Club Private Limited, Riviera De Goa Resorts and Hotels Private Limited and 2 more, all in the Consumer Services industry (Hotels), with the same principal business activity (accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc.).