About HLV Limited
Data last updated:
HLV 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 20 March 1981 and has been in existence for over 45 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L55101MH1981PLC024097. Its GSTIN is 27AAACH3167J1ZI (Maharashtra). The company holds 9 GST registrations, of which 3 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 500193 and NSE: HLVLTD.
The company has an authorised share capital of ₹260 Cr and a paid-up capital of ₹131.85 Cr. It was formerly known as Hotel Leelaventure Limited and Hotel Leelaventure Private Limited. It is led by directors including Vivek Krishnan Nair (Managing Director) and Dinesh Krishnan Nair (Managing Director).
Its last annual general meeting (AGM) was held on 23 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at The Leela Sahar, Mumbai, Maharashtra, India – 400059.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹200.92 Cr, a decline of 1.2% compared to the previous year. For the same year it recorded a net profit of ₹5.02 Cr (net margin 2.5%) and EBITDA of ₹11.28 Cr (EBITDA margin 5.6%). The net worth stands at ₹471.03 Cr (up 0.7% YoY). Total assets are valued at ₹516.32 Cr (down 0.4% YoY).
The company has about 638 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: HLV. As per MCA filings, the company has open charges of ₹5 Cr and satisfied charges of ₹10,404 Cr on record. Court records list 223 cases involving the company, including 126 filed by the company and 97 filed against it; 30 cases are pending. The company has 24 deals on record (12 market trades, 6 funding rounds, 3 secondary share transfers), with disclosed funding of ₹540.68 Cr; the latest was in October 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, 3 larger and 4 smaller; the largest is Ceres Hotels Private Limited with revenue of ₹221.49 Cr. The company has 9 MSME Form 1 returns on record between 2019 and 2024, listing 520 overdue payments to 43 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hlvltd.com.
Company details
Name history
HLV has undergone 2 name changes throughout its history. The company was previously known as Hotel Leelaventure Limited, and Hotel Leelaventure Private Limited. The current legal name is Hlv Limited.
| Company Name | Status |
|---|---|
| HLV Limited | Current |
| Hotel Leelaventure Limited | Previous |
| Hotel Leelaventure Private Limited | Previous |
Contact details
HLV Limited's registered office is in Mumbai, Maharashtra. Its website is hlvltd.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressThe Leela Sahar, Mumbai, Maharashtra, India – 400059
- IndustryTravel and Hospitality, Hotel & Accommodation Services
To see the full contact details of HLV Limited, buy the company report.
- 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
Brands
HLV operates one associated brand: HLV. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Standalone hotel is operated in Mumbai, India. | hlvltd.com |
Business activity
The main business activities of HLV are accommodation and food service and real estate. 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 real estate activities with own or leased property. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| I | Accommodation and Food Service | I1 | Accommodation services provided by Hotel, Inns, Resorts, holiday homes, hostel, etc. | |
| I | Accommodation and Food Service | I2 | Food and beverage services provided by hotels, restaurants, caterers, etc. | |
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of HLV Limited, buy the company report.
Financials of HLV Limited
FY 2025-26 filings availableHLV Limited reported revenue of ₹200.92 Cr (down 1.2% YoY) for FY 2025-26.
Financial Highlights
FY 2019-20 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 | FY 2013-14 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 146 | 154 | 138 | 698 | 661 | 636 | 718 |
| Revenue growth | -5.6% | +12.0% | -80.3% | +5.6% | +3.8% | -11.4% | - |
| EBITDA | (45.40) | (127) | (63.84) | 175 | (60.26) | (91.55) | 145 |
| EBITDA margin | -31.2% | -82.4% | -46.3% | +25.1% | -9.1% | -14.4% | +20.2% |
| Profit before tax | 194 | (119) | (23.22) | (15.45) | (187) | (470) | (487) |
| Net profit | 170 | (89.74) | 9.89 | (15.86) | 33.35 | (235) | (470) |
| Net profit margin | +117.0% | -58.1% | +7.2% | -2.3% | +5.1% | -36.9% | -65.4% |
| EPS (₹) | 3.07 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Balance sheet | |||||||
| Total assets | 558 | 4,051 | 4,357 | 4,528 | 4,605 | 5,498 | 5,817 |
| Net worth | 457 | 265 | 384 | 131 | 238 | 418 | 870 |
| Total debt | 33.07 | 3,610 | 3,781 | 4,182 | 4,329 | 5,034 | 4,905 |
| Cash & bank | 18.18 | 28.99 | 22.30 | 45.60 | 45.17 | 25.61 | 27.80 |
| Net working capital | 3.68 | (21.71) | (22.16) | (31.14) | (166) | (164) | (197) |
| Cash flow | |||||||
| Cash from operations | 139 | 209 | 192 | 220 | 174 | 231 | 177 |
| Cash from investing | 3,824 | 129 | 26.84 | 3.20 | 697 | (64.32) | (14.35) |
| Cash from financing | (3,976) | (327) | (214) | (233) | (852) | (169) | (171) |
| Particulars | Mar 2020 |
|---|---|
| Revenue | 37.54 |
| Other income | 2.75 |
| EBITDA | (14.59) |
| EBITDA margin | -38.9% |
| Depreciation | 4.25 |
| Interest | 0.78 |
| Profit before tax | (16.87) |
| Tax | 0.00 |
| Net profit | (16.87) |
| EPS (₹) | (0.27) |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 201 | 203 | 199 | 173 | 73.00 | 18.92 | 146 |
| Revenue growth | -1.2% | +2.1% | +15.2% | +136.8% | +285.8% | -87.0% | - |
| EBITDA | 11.28 | 26.59 | 30.74 | 11.37 | (43.86) | (53.12) | (45.40) |
| EBITDA margin | +5.6% | +13.1% | +15.4% | +6.6% | -60.1% | -280.8% | -31.2% |
| Profit before tax | 2.10 | 26.12 | 23.78 | 8.61 | (42.50) | (35.92) | 194 |
| Net profit | 5.02 | 25.37 | 23.84 | 7.38 | (33.03) | (44.44) | 169 |
| Net profit margin | +2.5% | +12.5% | +12.0% | +4.3% | -45.3% | -234.9% | +115.9% |
| EPS (₹) | 0.03 | 0.40 | 0.36 | 0.12 | (0.64) | (0.57) | 3.07 |
| Balance sheet | |||||||
| Total assets | 516 | 519 | 483 | 479 | 489 | 529 | 558 |
| Net worth | 471 | 468 | 443 | 419 | 412 | 422 | 457 |
| Total debt | 35.29 | 41.06 | 32.70 | 32.79 | 47.63 | 56.07 | 33.07 |
| Cash & bank | 135 | 138 | 114 | 49.29 | 26.75 | 3.32 | 18.18 |
| Net working capital | 116 | 118 | 101 | 25.01 | 27.36 | 36.13 | 3.68 |
| Cash flow | |||||||
| Cash from operations | 36.50 | 33.72 | 23.82 | 35.40 | (48.62) | (29.14) | 139 |
| Cash from investing | (61.52) | 22.16 | (32.64) | 16.41 | 22.31 | 10.75 | 3,824 |
| Cash from financing | (14.30) | 1.18 | (2.49) | (41.14) | 26.17 | 3.53 | (3,976) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 46.68 | 63.45 | 60.90 | 35.83 | 40.74 | 59.26 | 57.73 | 43.37 |
| Revenue growth (YoY) | +14.6% | +7.1% | +5.5% | -17.4% | -5.2% | - | - | - |
| Other income | 3.27 | 4.21 | 2.82 | 3.09 | 3.23 | 4.19 | 3.08 | 4.95 |
| Total expenses | 45.52 | 52.80 | 51.25 | 43.16 | 42.45 | 47.88 | 45.90 | 40.47 |
| EBITDA | 1.16 | 10.65 | 9.65 | (7.33) | (1.71) | 11.38 | 11.83 | 2.90 |
| EBITDA margin | +2.5% | +16.8% | +15.8% | -20.5% | -4.2% | +19.2% | +20.5% | +6.7% |
| Depreciation | 4.57 | 5.28 | 4.89 | 4.85 | 4.38 | 4.25 | 4.05 | 3.84 |
| Interest | 0.64 | 0.98 | 0.71 | 0.83 | 0.61 | 0.58 | 0.59 | 0.52 |
| Profit before tax | (0.78) | 8.60 | 6.87 | (9.92) | (3.47) | 10.74 | 10.27 | 3.49 |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Financial Statements
| Particulars | Mar 2020 |
|---|---|
| Revenue | 37.54 |
| Other income | 2.75 |
| EBITDA | (14.59) |
| EBITDA margin | -38.9% |
| Depreciation | 4.25 |
| Interest | 0.78 |
| Profit before tax | (16.87) |
| Tax | 0.00 |
| Net profit | (16.87) |
| EPS (₹) | (0.27) |
| Particulars | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 | FY 2013-14 |
|---|---|---|---|---|---|---|---|
| Revenue | 146 | 154 | 138 | 698 | 661 | 636 | 718 |
| Revenue growth | -5.6% | +12.0% | -80.3% | +5.6% | +3.8% | -11.4% | - |
| Other income | 252 | 18.25 | 54.01 | 41.21 | 201 | 45.69 | 49.73 |
| Total expenses | 191 | 282 | 202 | 523 | 721 | 728 | 573 |
| Employee cost | 61.79 | 60.43 | 58.10 | 192 | 192 | 188 | 198 |
| EBITDA | (45.40) | (127) | (63.84) | 175 | (60.26) | (91.55) | 145 |
| EBITDA margin | -31.2% | -82.4% | -46.3% | +25.1% | -9.1% | -14.4% | +20.2% |
| Depreciation | 11.93 | 9.58 | 13.26 | 141 | 240 | 227 | 181 |
| Interest | 0.91 | 0.40 | 0.13 | 90.44 | 87.90 | 198 | 502 |
| Profit before tax | 194 | (119) | (23.22) | (15.45) | (187) | (470) | (487) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | (6.88) | (54.29) | (45.88) |
| Net profit | 170 | (89.74) | 9.89 | (15.86) | 33.35 | (235) | (470) |
| Net profit margin | +117.0% | -58.1% | +7.2% | -2.3% | +5.1% | -36.9% | -65.4% |
| EPS (₹) | 3.07 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Particulars | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 | FY 2013-14 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 126 | 126 | 126 | 93.32 | 93.32 | 93.32 | 90.32 |
| Reserves & surplus | 331 | 139 | 258 | 37.61 | 144 | 325 | 745 |
| Shareholders' funds (net worth) | 457 | 265 | 384 | 131 | 238 | 418 | 870 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 4.31 | 3,553 | 3,662 | 4,163 | 4,310 | 5,020 | 4,905 |
| Unsecured loans | 28.76 | 57.43 | 120 | 19.35 | 19.35 | 13.50 | 0.00 |
| Total debt | 33.07 | 3,610 | 3,781 | 4,182 | 4,329 | 5,034 | 4,905 |
| Total liabilities | 558 | 4,051 | 4,357 | 4,528 | 4,605 | 5,498 | 5,817 |
| Assets | |||||||
| Gross block | 372 | 379 | 4,171 | 4,208 | 5,651 | 6,374 | 6,447 |
| Net block | 329 | 344 | 3,911 | 4,072 | 4,480 | 5,380 | 5,634 |
| Capital work in progress | 0.64 | 0.68 | 5.06 | 12.89 | 38.59 | 17.79 | 159 |
| Investments | 0.01 | 0.00 | 0.37 | 0.37 | 0.37 | 0.00 | 0.01 |
| Inventories | 6.69 | 7.85 | 32.25 | 30.09 | 43.70 | 52.60 | 64.00 |
| Sundry debtors | 7.51 | 65.38 | 82.55 | 71.58 | 63.56 | 51.22 | 71.59 |
| Cash & bank balances | 18.18 | 28.99 | 22.30 | 45.60 | 45.17 | 25.61 | 27.80 |
| Loans & advances | 73.43 | 14.06 | 45.56 | 28.20 | 39.98 | 29.78 | 35.82 |
| Total current assets | 106 | 116 | 183 | 175 | 192 | 159 | 199 |
| Total current liabilities | 102 | 138 | 205 | 207 | 358 | 323 | 396 |
| Net working capital | 3.68 | (21.71) | (22.16) | (31.14) | (166) | (164) | (197) |
| Total assets | 558 | 4,051 | 4,357 | 4,528 | 4,605 | 5,498 | 5,817 |
| Particulars | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 | FY 2013-14 |
|---|---|---|---|---|---|---|---|
| Opening cash | 31.96 | 20.76 | 16.25 | 25.57 | 25.61 | 27.80 | 35.57 |
| Net cash from operating activities | 139 | 209 | 192 | 220 | 174 | 231 | 177 |
| Net cash from investing activities | 3,824 | 129 | 26.84 | 3.20 | 697 | (64.32) | (14.35) |
| Net cash from financing activities | (3,976) | (327) | (214) | (233) | (852) | (169) | (171) |
| Net change in cash | (13.78) | 11.20 | 4.50 | (9.31) | 19.57 | (2.20) | (7.77) |
| Closing cash | 18.18 | 28.99 | 22.30 | 45.60 | 45.17 | 25.61 | 27.80 |
| Particulars | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 | FY 2013-14 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -5.6% | +12.0% | -80.3% | +5.6% | +3.8% | -11.4% | - |
| EBITDA growth | +64.3% | -99.3% | -136.5% | +390.3% | +34.2% | -163.1% | - |
| PBT growth | +9998.0% | -412.3% | -50.3% | +91.7% | +60.2% | +3.5% | -15.7% |
| Net income growth | +289.9% | -1007.4% | +162.4% | -147.6% | +114.2% | +50.0% | - |
| Revenue CAGR (3Y) | -40.7% | -38.4% | -40.0% | -1.0% | +0.8% | +3.6% | +15.7% |
| EBITDA CAGR (3Y) | - | +28.3% | -11.3% | +6.4% | - | - | +3.8% |
| Profitability & leverage | |||||||
| Net income margin | +133.0% | -77.1% | -16.9% | -2.2% | -27.3% | -65.3% | -61.5% |
| Return on capital employed | +6.7% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Return on net worth | +27.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Debt / equity | 5.04 | 11.38 | 15.46 | 23.09 | 0.00 | 0.00 | 13.64 |
| Long-term debt / equity | 0.99 | 5.82 | 13.60 | 22.23 | 0.00 | 0.00 | 7.55 |
| Interest cover | -1.59 | -0.29 | -0.17 | 267.73 | -29.29 | -62.05 | -1,413.84 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.39 | 0.07 | 0.03 | 0.14 | 0.12 | 0.11 | 0.13 |
| Inventory turnover | 20.04 | 7.70 | 4.42 | 18.92 | 13.73 | 10.92 | 10.62 |
| Debtors turnover | 4.00 | 2.09 | 1.79 | 10.33 | 11.52 | 10.36 | 11.02 |
| EPS (₹) | 3.07 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 7.25 | 4.21 | 6.09 | 2.81 | 5.09 | (5.68) | 3.21 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 46.68 | 63.45 | 60.90 | 35.83 | 40.74 | 59.26 | 57.73 | 43.37 |
| Revenue growth (YoY) | +14.6% | +7.1% | +5.5% | -17.4% | -5.2% | - | - | - |
| Other income | 3.27 | 4.21 | 2.82 | 3.09 | 3.23 | 4.19 | 3.08 | 4.95 |
| Total expenses | 45.52 | 52.80 | 51.25 | 43.16 | 42.45 | 47.88 | 45.90 | 40.47 |
| EBITDA | 1.16 | 10.65 | 9.65 | (7.33) | (1.71) | 11.38 | 11.83 | 2.90 |
| EBITDA margin | +2.5% | +16.8% | +15.8% | -20.5% | -4.2% | +19.2% | +20.5% | +6.7% |
| Depreciation | 4.57 | 5.28 | 4.89 | 4.85 | 4.38 | 4.25 | 4.05 | 3.84 |
| Interest | 0.64 | 0.98 | 0.71 | 0.83 | 0.61 | 0.58 | 0.59 | 0.52 |
| Profit before tax | (0.78) | 8.60 | 6.87 | (9.92) | (3.47) | 10.74 | 10.27 | 3.49 |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 201 | 203 | 199 | 173 | 73.00 | 18.92 | 146 |
| Revenue growth | -1.2% | +2.1% | +15.2% | +136.8% | +285.8% | -87.0% | - |
| Other income | 13.35 | 17.40 | 9.80 | 13.49 | 16.47 | 33.02 | 252 |
| Total expenses | 190 | 177 | 168 | 162 | 117 | 72.04 | 191 |
| Employee cost | 60.46 | 59.39 | 54.65 | 53.13 | 29.38 | 22.53 | 61.79 |
| EBITDA | 11.28 | 26.59 | 30.74 | 11.37 | (43.86) | (53.12) | (45.40) |
| EBITDA margin | +5.6% | +13.1% | +15.4% | +6.6% | -60.1% | -280.8% | -31.2% |
| Depreciation | 19.40 | 15.64 | 14.36 | 11.14 | 12.76 | 13.52 | 11.93 |
| Interest | 3.13 | 2.23 | 2.40 | 5.11 | 2.35 | 2.30 | 0.91 |
| Profit before tax | 2.10 | 26.12 | 23.78 | 8.61 | (42.50) | (35.92) | 194 |
| Tax | 0.00 | 0.00 | 0.00 | 0.96 | 0.00 | 0.00 | 0.00 |
| Net profit | 5.02 | 25.37 | 23.84 | 7.38 | (33.03) | (44.44) | 169 |
| Net profit margin | +2.5% | +12.5% | +12.0% | +4.3% | -45.3% | -234.9% | +115.9% |
| EPS (₹) | 0.03 | 0.40 | 0.36 | 0.12 | (0.64) | (0.57) | 3.07 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 132 | 132 | 132 | 132 | 132 | 126 | 126 |
| Reserves & surplus | 339 | 336 | 312 | 287 | 280 | 296 | 331 |
| Shareholders' funds (net worth) | 471 | 468 | 443 | 419 | 412 | 422 | 457 |
| Secured loans | 11.00 | 18.19 | 11.59 | 8.87 | 42.81 | 41.16 | 4.31 |
| Unsecured loans | 24.29 | 22.87 | 21.11 | 23.92 | 4.82 | 14.91 | 28.76 |
| Total debt | 35.29 | 41.06 | 32.70 | 32.79 | 47.63 | 56.07 | 33.07 |
| Total liabilities | 516 | 519 | 483 | 479 | 489 | 529 | 558 |
| Assets | |||||||
| Gross block | 451 | 409 | 385 | 373 | 355 | 371 | 372 |
| Net block | 342 | 318 | 309 | 312 | 298 | 316 | 329 |
| Capital work in progress | 5.62 | 10.40 | 1.04 | 4.78 | 0.32 | 0.32 | 0.64 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 40.13 | 0.00 | 0.01 |
| Inventories | 8.44 | 8.26 | 7.71 | 6.06 | 6.55 | 6.22 | 6.69 |
| Sundry debtors | 8.85 | 12.39 | 14.96 | 13.25 | 4.88 | 2.84 | 7.51 |
| Cash & bank balances | 135 | 138 | 114 | 49.29 | 26.75 | 3.32 | 18.18 |
| Loans & advances | 90.46 | 72.12 | 60.77 | 43.31 | 60.07 | 91.22 | 73.43 |
| Total current assets | 242 | 231 | 197 | 112 | 98.25 | 104 | 106 |
| Total current liabilities | 126 | 113 | 96.65 | 86.90 | 70.89 | 67.47 | 102 |
| Net working capital | 116 | 118 | 101 | 25.01 | 27.36 | 36.13 | 3.68 |
| Total assets | 516 | 519 | 483 | 479 | 489 | 529 | 558 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 59.59 | 2.53 | 13.84 | 3.18 | 3.32 | 18.18 | 31.79 |
| Net cash from operating activities | 36.50 | 33.72 | 23.82 | 35.40 | (48.62) | (29.14) | 139 |
| Net cash from investing activities | (61.52) | 22.16 | (32.64) | 16.41 | 22.31 | 10.75 | 3,824 |
| Net cash from financing activities | (14.30) | 1.18 | (2.49) | (41.14) | 26.17 | 3.53 | (3,976) |
| Net change in cash | (39.32) | 57.06 | (11.31) | 10.66 | (0.14) | (14.86) | (13.62) |
| Closing cash | 135 | 138 | 114 | 49.29 | 26.75 | 3.32 | 18.18 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -1.2% | +2.1% | +15.2% | +136.8% | +285.8% | -87.0% | - |
| EBITDA growth | -57.6% | -13.5% | +170.4% | +125.9% | +17.4% | -17.0% | - |
| PBT growth | -92.0% | +9.8% | +176.2% | +9998.0% | -18.3% | - | +9998.0% |
| Net income growth | -80.2% | +6.4% | +223.0% | +122.3% | +25.7% | -126.3% | - |
| Revenue CAGR (3Y) | +5.1% | +40.7% | +119.1% | +5.9% | -22.1% | -48.4% | -40.7% |
| EBITDA CAGR (3Y) | -0.3% | - | - | - | -29.9% | -5.9% | - |
| Profitability & leverage | |||||||
| Net income margin | +1.1% | +12.9% | +11.9% | +4.4% | -58.2% | -189.9% | +132.8% |
| Return on capital employed | +0.8% | +2.6% | +2.4% | +1.7% | 0.0% | 0.0% | +6.6% |
| Return on net worth | +0.5% | +2.5% | +2.3% | +1.1% | 0.0% | 0.0% | +26.7% |
| Debt / equity | 0.08 | 0.08 | 0.08 | 0.10 | 0.12 | 0.10 | 5.04 |
| Long-term debt / equity | 0.05 | 0.05 | 0.05 | 0.08 | 0.08 | 0.03 | 0.99 |
| Interest cover | -38.55 | 20.37 | 14.65 | 2,221.74 | -4.15 | -3.45 | -1.59 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.47 | 0.51 | 0.53 | 0.47 | 0.20 | 0.05 | 0.39 |
| Inventory turnover | 24.06 | 25.46 | 28.92 | 27.42 | 11.43 | 2.93 | 20.04 |
| Debtors turnover | 18.92 | 14.87 | 14.11 | 19.07 | 18.91 | 3.66 | 4.00 |
| EPS (₹) | 0.03 | 0.40 | 0.36 | 0.12 | (0.64) | (0.57) | 3.07 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 7.14 | 7.10 | 6.73 | 6.35 | 6.25 | 6.69 | 7.25 |
To see the full year-wise statements and ratios of HLV Limited, buy the company report.
Board of directors of HLV Limited
HLV has 9 current directors and 32 former directors. Current directors are listed first, with their designation and appointment date.
Peer comparison
HLV 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.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ceres Hotels Private Limited | ₹221.49 Cr (FY 2025) | 41.0% | Salcete, Goa, India | |||
| Nitesh Residency Hotels Private Limited | ₹220.99 Cr (FY 2025) | 15.0% | Bangalore, Karnataka, India | |||
| Saikripa Foods Services Private Limited | ₹220.46 Cr (FY 2025) | 7.0% | Mumabi, Maharashtra, India | |||
| Adarsh Realty and Hotels Private Limited | ₹217.7 Cr (FY 2024) | -36.0% | Bangalore, Karnataka, India | |||
| Nehru Place Hotels Private Limited | ₹214.7 Cr (FY 2025) | 17.0% | Faridabad, Haryana, India | |||
| Orange County Resorts & Hotels Limited | ₹209.54 Cr (FY 2025) | 28.0% | Bangalore, Karnataka, India | |||
| Fabworth Promoters Private Limited | ₹207.76 Cr (FY 2025) | 13.0% | Kolkata, West Bengal, India | |||
| HLV Limitedthis company | ₹200.92 Cr (FY 2026) | ₹5.02 Cr | 2.5% | -1.2% | 638 | Mumbai, Maharashtra, India |
To see the full peer comparison of HLV Limited, buy the company report.
Auditor
HLV Limited is audited by N. S. SHETTY & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N. S. SHETTY & CO. | FY 2023 | 110101W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 39.10%, foreign institutional investors hold 0.00%, domestic institutional investors hold 1.60% and retail and other public shareholders hold 59.40%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 39.10% | 39.10% | 39.10% | 39.10% |
| Public | 60.90% | 60.90% | 60.90% | 60.90% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Mar 2025 | 101091421 | Others | ₹2.5 Cr | Open | |
| 29 Mar 2025 | 101091433 | Others | ₹2.5 Cr | Open | |
| 04 Apr 2023 | 100714111 | Others | ₹40 Cr | Satisfied | |
| 25 Feb 2022 | 100557637 | Others | ₹40 Cr | Satisfied | |
| 16 Feb 2021 | 100424661 | Others | ₹10 Cr | Satisfied |
To see the full charge records of HLV Limited, buy the company report.
Total charge records: 62 View all charges
Deals & funding
HLV Limited has 24 deals on record (12 market trades, 6 funding rounds, 3 secondary share transfers), with disclosed funding of ₹540.68 Cr; the latest was in October 2024.
Deals on record (5 of 24)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2024 | Secondary share transfer | Undisclosed | Buyer: Itc Limited Seller: Russell Credit Ltd |
| Sep 2024 | Market trade | ₹7.5 Cr | Seller: Vra Finance and Investment Private Limited |
| Sep 2021 | Funding round | ₹30 Cr | Investors: Rockfort Estate Developers Private Limited |
| Oct 2017 | Funding round | ₹275.1 Cr | Investors: JM Financial Asset Reconstruction Company Limited |
| Jul 2017 | Market trade | ₹6.31 Cr | Buyer: Parth Infin Brokers Private Limited Seller: Parth Infin Brokers Private Limited |
To see the full deal history of HLV Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
HLV Limited has 223 court cases on record: 126 filed by HLV, 97 filed against it. 30 cases are pending and 193 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 139 | 47 | 12 |
| District courts | 68 | 43 | 12 |
| Supreme Court | 11 | 3 | 1 |
| NCLAT | 5 | 4 | 5 |
Cases on record (5 of 223)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against Bank of Baroda | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (REVIEW PETITION) | Filed by the company against Bank of Baroda | Pending |
| NCLAT, NCLAT New Delhi | Company appeal | Filed against the company by J M Financial Asset Reconstruction Company Limited | Pending |
| NCLAT, NCLAT New Delhi | Company appeal | Filed by the company against Itc Ltd and Ors. and 15 others | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (TRANSFER APPL) | Filed by the company against Bank of Baroda | Disposed |
To see the full case history of HLV Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
HLV Limited has 9 MSME Form 1 returns on record between 2019 and 2024, listing 520 overdue payments to 43 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 43)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Viksid Food Services Private Limited | |||
| Jal Rasayan Corporation | |||
| Envirocare Labs Private Limited | |||
| Chenab Impex Private Limited | |||
| Karanjawala Associates (Engineers) Private Limited |
To see the full MSME payment records of HLV Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
HLV Limited has a workforce of 638 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
GST
HLV has 9 GST registrations: 3 active and 6 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACH3167J1ZI | Maharashtra | Active | 01 Jul 2017 |
| 08AAACH3167J1ZI | Rajasthan | Active | 01 Jul 2017 |
| 29AAACH3167J1ZE | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of HLV Limited, buy the company report.
Recent activity
HLV Limited has 62 board changes on record since 1982: 36 appointments and 26 cessations. The latest: Vinay Hansraj Kapadia was appointed as Director on 10 Nov 2023.
201 earlier events are in the company report.
News
Frequently asked questions
HLV 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 20 March 1981 (45+ years old) and is registered under CIN L55101MH1981PLC024097. Listed on BSE: 500193 and NSE: HLVLTD.
HLV reported revenue of ₹200.92 Cr for FY 2025-26 (down 1.2% YoY) based on standalone financials.
HLV has 9 current directors:
- Vivek Krishnan Nair - Managing Director
- Dinesh Krishnan Nair - Managing Director
- Saija Ramchandran Nair - Director
- Ashok Girdharidas Rajani - Director
- Vinay Hansraj Kapadia - Director
- Salini Madhu Dinesh Nair - Director
- Amruda Vivek Nair - Director
- Shereveer Shereyar Vakil - Director
- Niranjana Unnikrishanan - Director
The latest financial statements of HLV on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 23 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of HLV is 27AAACH3167J1ZI, registered in Maharashtra. The company has 9 GST registrations in all, of which 3 are active and 6 are cancelled or inactive. Other active GSTINs include 08AAACH3167J1ZI (Rajasthan), 29AAACH3167J1ZE (Karnataka).
The CIN (Corporate Identification Number) of HLV is L55101MH1981PLC024097. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. HLV is a listed company as per MCA records. Its shares are listed on both BSE (code: 500193) and NSE (symbol: HLVLTD).
HLV has 223 court cases on record: 126 filed by the company and 97 filed against it. 30 are pending. Most are in the high courts.
HLV was incorporated on 20 March 1981, making it 45+ years old. It is registered with the Registrar of Companies, Mumbai.
HLV has 24 deals on record (12 market trades, 6 funding rounds, 3 secondary share transfers), with disclosed funding of ₹540.68 Cr; the latest was in October 2024.
The peers of HLV by revenue are Ceres Hotels Private Limited, Nitesh Residency Hotels Private Limited, Saikripa Foods Services Private Limited, Adarsh Realty and Hotels Private Limited, Nehru Place 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.).
Vinay Hansraj Kapadia was appointed as Director on 10 Nov 2023. Niranjana Unnikrishanan was appointed as Director on 08 May 2023. Vijay Sharma ceased to be Director on 08 May 2023. HLV has 62 board changes on record in total.