Hvax Technologies Limited

Name: Hvax Technologies Limited - Comprehensive Company Report
Brand: The Company Check
SKU: L74999MH2010PLC210329
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NSE: HVAX

Hvax Technologies Limited - machinery and equipment in Mumbai, Maharashtra, India. FY 2026 financials & compliance.

CIN L74999MH2010PLC210329 Incorporated 26 November 2010 ROC Mumbai HQ Mumbai, Maharashtra, India

Active Listed - NSE: HVAX Public Limited Company machinery and equipment

Market Cap

₹187 Cr

HVAX-SM · NSE

Share Price

₹708.35

+4.94% today

Revenue

₹164 Cr

FY 2025-26 · +25.1% YoY

EBITDA

₹17.03 Cr

Margin 10.4%

Net Profit

₹14.31 Cr

FY 2025-26 · +30.1% YoY

P/E (TTM)

13.7x

P/B 2.3x

ROE

18.6%

ROCE 19.9%

Debt / Equity

0.43

Interest cover 20.0x

About Hvax Technologies Limited

Data last updated: 14 November 2026

Hvax Technologies Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the industrial compressors and pneumatic systems segment of the machinery and industrial equipment sector. It was incorporated on 26 November 2010 and has been in existence for over 16 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L74999MH2010PLC210329. Its GSTIN is 27AACCH5453M1Z9 (Maharashtra). It is a listed company as per MCA records. Its shares are listed on NSE: HVAX.

The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹2.78 Cr. It is led by directors including Prayagdatt Vijaykumar Mishra (Managing Director) and Nirbhaynarayan Sudarshan Singh (Whole-Time Director).

Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 601 Lodha Supremus I – Think Techno Campus Kanjurmarg (East), Mumbai, Maharashtra, India – 400042.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹163.87 Cr, a growth of 25.1% compared to the previous year. For the same year it recorded a net profit of ₹14.31 Cr (net margin 8.7%) and EBITDA of ₹17.03 Cr (EBITDA margin 10.4%). The net worth stands at ₹86.71 Cr (up 20.4% YoY). Total assets are valued at ₹129.28 Cr (up 27.7% YoY).

The company has about 106 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: HVAX. As per MCA filings, the company has open charges of ₹39.31 Cr and satisfied charges of ₹23.14 Cr on record. The company has 6 deals on record (3 funding rounds, 2 secondary share transfers, 1 ipo), with disclosed funding of ₹4.79 Cr; the latest was in October 2024.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hvax.in.

Company details

CIN L74999MH2010PLC210329

Registration Number 210329

Incorporation Date 26 November 2010

ROC Mumbai

Listing Status Listed (NSE: HVAX)

Company Status Active

Compliance Status Active Compliant

CIN history

Hvax Technologies has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L74999MH2010PLC210329, which is the unique identifier assigned by the Registrar of Companies.

CIN	Status
L74999MH2010PLC210329	Current
U74999MH2010PLC210329	Previous
U74999MH2010PTC210329	Previous

Key People

Prayagdatt Vijaykumar Mishra Managing Director Nirbhaynarayan Sudarshan Singh Whole-Time Director Shiv Kumar Mittal Director

Contact details

Hvax Technologies Limited's registered office is in Mumbai, Maharashtra.

Social Media
Registered Address
601 Lodha Supremus I – Think Techno Campus Kanjurmarg (East), Mumbai, Maharashtra, India – 400042
Industry
Machinery and Equipment, Industrial Compressors & Pneumatic Systems

Comprehensive company report

Hvax Technologies 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

Hvax Technologies operates one associated brand: HVAX. Each brand links to its own profile.

Brand	Description	Website
HVAX	Turnkey solutions for pharmaceutical cleanroom panels and AHU are provided.	hvax.in

Financials of Hvax Technologies Limited

FY 2025-26 filings available

Hvax Technologies Limited reported revenue of ₹163.87 Cr (up 25.1% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated

Revenue

₹164 Cr

+25.1% YoY

EBITDA

₹17.03 Cr

-8.4% YoY

Profit After Tax

₹14.31 Cr

+30.1% YoY

Net Worth

₹86.71 Cr

+20.4% YoY

Total Assets

₹129 Cr

+27.7% YoY

Total Debt

₹40.90 Cr

+46.2% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

Metrics	FY 2025-26	FY 2024-25
Income statement
Revenue	164	131
Revenue growth	+25.1%	-
EBITDA	17.03	18.59
EBITDA margin	+10.4%	+14.2%
Profit before tax	19.74	14.97
Net profit	14.31	11.00
Net profit margin	+8.7%	+8.4%
EPS (₹)	51.53	39.77
Balance sheet
Total assets	129	101
Net worth	86.71	72.02
Total debt	40.90	27.98
Cash & bank	9.03	14.27
Net working capital	121	92.39
Cash flow
Cash from operations	(14.47)	(21.94)
Cash from investing	(0.54)	0.41
Cash from financing	9.77	31.13

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	160	131	106	95.93	68.26	60.75	44.38
Revenue growth	+22.3%	+23.5%	+10.6%	+40.5%	+12.4%	+36.9%	-
EBITDA	16.47	18.59	12.65	8.55	6.89	5.42	3.19
EBITDA margin	+10.3%	+14.2%	+11.9%	+8.9%	+10.1%	+8.9%	+7.2%
Profit before tax	19.20	14.97	11.41	6.99	5.57	5.23	2.54
Net profit	14.31	11.00	8.19	5.20	4.04	3.65	1.89
Net profit margin	+8.9%	+8.4%	+7.7%	+5.4%	+5.9%	+6.0%	+4.3%
EPS (₹)	51.51	39.77	124.94	84.35	67.78	60.31	30.89
Balance sheet
Total assets	128	101	56.28	34.50	22.42	15.05	16.89
Net worth	86.32	72.02	30.98	17.21	12.01	7.83	5.73
Total debt	40.38	27.98	24.37	16.92	10.10	6.99	11.17
Cash & bank	7.88	14.27	4.67	8.71	6.45	3.11	3.62
Net working capital	119	92.39	45.93	26.21	13.61	3.64	9.02
Cash flow
Cash from operations	(14.24)	(21.94)	(12.22)	(3.62)	(0.84)	7.97	1.87
Cash from investing	(1.46)	0.41	(1.68)	(0.23)	1.70	(4.07)	(0.57)
Cash from financing	9.31	31.13	9.85	6.12	2.49	(4.42)	(0.97)

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 14 Nov 2026

Particulars	FY 2025-26	FY 2024-25
Revenue	164	131
Revenue growth	+25.1%	-
Other income	7.11	0.39
Total expenses	147	112
Employee cost	13.53	10.44
EBITDA	17.03	18.59
EBITDA margin	+10.4%	+14.2%
Depreciation	1.25	1.54
Interest	3.15	2.47
Profit before tax	19.74	14.97
Tax	5.01	3.91
Net profit	14.31	11.00
Net profit margin	+8.7%	+8.4%
EPS (₹)	51.53	39.77

Particulars	FY 2025-26	FY 2024-25
Equity & liabilities
Share capital	2.78	2.78
Reserves & surplus	83.93	69.24
Shareholders' funds (net worth)	86.71	72.02
Minority interest	0.19	0.00
Secured loans	40.54	27.65
Unsecured loans	0.36	0.33
Total debt	40.90	27.98
Total liabilities	129	101
Assets
Gross block	12.75	12.44
Net block	6.82	7.76
Capital work in progress	0.00	0.00
Investments	0.03	0.03
Inventories	41.65	20.58
Sundry debtors	85.92	71.44
Cash & bank balances	9.03	14.27
Loans & advances	9.69	6.47
Total current assets	146	113
Total current liabilities	24.90	20.37
Net working capital	121	92.39
Total assets	129	101

Particulars	FY 2025-26	FY 2024-25
Opening cash	14.27	4.67
Net cash from operating activities	(14.47)	(21.94)
Net cash from investing activities	(0.54)	0.41
Net cash from financing activities	9.77	31.13
Net change in cash	(5.24)	9.60
Closing cash	9.03	14.27

Particulars	FY 2025-26	FY 2024-25
Growth
Sales growth	+25.1%	-
EBITDA growth	-8.4%	-
PBT growth	+31.9%	+9997.0%
Net income growth	+30.1%	-
Profitability & leverage
Net income margin	+9.0%	+8.4%
Return on capital employed	+19.9%	+17.2%
Return on net worth	+18.6%	+15.3%
Debt / equity	0.43	0.39
Long-term debt / equity	0.03	0.03
Interest cover	19.96	14.49
Efficiency & per share
Fixed asset turnover	13.01	10.53
Inventory turnover	5.27	6.37
Debtors turnover	2.08	1.83
EPS (₹)	51.53	39.77
Dividend per share (₹)	0.00	0.00
Book value per share (₹)	312.23	259.34

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Revenue	160	131	106	95.93	68.26	60.75	44.38
Revenue growth	+22.3%	+23.5%	+10.6%	+40.5%	+12.4%	+36.9%	-
Other income	7.06	0.39	1.41	0.21	0.53	1.08	1.02
Total expenses	144	112	93.41	87.38	61.37	55.33	41.19
Employee cost	12.98	10.44	8.55	6.71	6.06	4.70	3.81
EBITDA	16.47	18.59	12.65	8.55	6.89	5.42	3.19
EBITDA margin	+10.3%	+14.2%	+11.9%	+8.9%	+10.1%	+8.9%	+7.2%
Depreciation	1.24	1.54	1.07	1.07	1.22	0.71	0.41
Interest	3.09	2.47	1.58	0.70	0.63	0.56	1.26
Profit before tax	19.20	14.97	11.41	6.99	5.57	5.23	2.54
Tax	4.89	3.91	2.91	1.79	1.39	1.52	0.65
Net profit	14.31	11.00	8.19	5.20	4.04	3.65	1.89
Net profit margin	+8.9%	+8.4%	+7.7%	+5.4%	+5.9%	+6.0%	+4.3%
EPS (₹)	51.51	39.77	124.94	84.35	67.78	60.31	30.89

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	2.78	2.78	0.68	0.62	0.62	0.62	0.62
Reserves & surplus	83.54	69.24	30.30	16.59	11.39	7.21	5.11
Shareholders' funds (net worth)	86.32	72.02	30.98	17.21	12.01	7.83	5.73
Secured loans	40.02	27.65	24.06	15.63	8.93	5.20	11.15
Unsecured loans	0.36	0.33	0.31	1.29	1.17	1.79	0.02
Total debt	40.38	27.98	24.37	16.92	10.10	6.99	11.17
Total liabilities	128	101	56.28	34.50	22.42	15.05	16.89
Assets
Gross block	12.68	12.44	12.12	10.42	10.33	11.88	8.35
Net block	6.76	7.76	8.99	7.06	8.04	10.35	7.23
Capital work in progress	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	1.43	0.03	0.37	0.72	0.41	0.85	0.53
Inventories	39.99	20.58	20.09	20.03	14.95	2.80	2.26
Sundry debtors	84.84	71.44	24.91	32.48	19.76	16.30	11.14
Cash & bank balances	7.88	14.27	4.67	8.71	6.45	3.11	3.62
Loans & advances	9.57	6.47	3.64	8.75	3.90	3.18	2.86
Total current assets	142	113	53.31	69.97	45.06	25.39	19.88
Total current liabilities	23.29	20.37	7.38	43.76	31.45	21.75	10.86
Net working capital	119	92.39	45.93	26.21	13.61	3.64	9.02
Total assets	128	101	56.28	34.50	22.42	15.05	16.89

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Opening cash	14.27	4.67	8.71	6.45	3.11	3.62	3.30
Net cash from operating activities	(14.24)	(21.94)	(12.22)	(3.62)	(0.84)	7.97	1.87
Net cash from investing activities	(1.46)	0.41	(1.68)	(0.23)	1.70	(4.07)	(0.57)
Net cash from financing activities	9.31	31.13	9.85	6.12	2.49	(4.42)	(0.97)
Net change in cash	(6.39)	9.60	(4.04)	2.26	3.34	(0.51)	0.32
Closing cash	7.88	14.27	4.67	8.71	6.45	3.11	3.62

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	+22.3%	+23.5%	+10.6%	+40.5%	+12.4%	+36.9%	-
EBITDA growth	-11.4%	+47.0%	+48.0%	+24.1%	+27.1%	+69.9%	-
PBT growth	+28.3%	+31.2%	+63.2%	+25.5%	+6.5%	+105.9%	+9997.0%
Net income growth	+30.1%	+34.3%	+57.5%	+28.7%	+10.7%	+93.1%	-
Revenue CAGR (3Y)	+18.6%	+24.3%	+20.4%	+29.3%	-	-	-
EBITDA CAGR (3Y)	+24.4%	+39.2%	+32.7%	+38.9%	-	-	-
Profitability & leverage
Net income margin	+8.9%	+8.4%	+8.0%	+5.4%	+6.1%	+6.1%	+4.3%
Return on capital employed	+19.4%	+22.1%	+28.6%	+27.0%	+33.1%	+38.5%	+22.6%
Return on net worth	+18.1%	+21.4%	+35.4%	+35.6%	+42.1%	+47.5%	+33.3%
Debt / equity	0.43	0.51	0.86	0.92	0.87	0.89	1.95
Long-term debt / equity	0.03	0.05	0.09	0.17	-9,406.04	0.65	1.15
Interest cover	20.29	14.49	13.64	9.36	11.11	11.89	45.32
Efficiency & per share
Fixed asset turnover	12.76	10.67	9.41	9.25	6.15	5.11	5.62
Inventory turnover	5.29	6.44	5.29	5.48	7.69	21.70	20.76
Debtors turnover	2.05	2.72	3.70	3.67	3.79	3.73	4.21
EPS (₹)	51.51	39.77	124.94	84.35	67.78	60.31	30.89
Dividend per share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per share (₹)	310.85	259.34	454.50	278.94	194.59	126.80	92.85

To see the full year-wise statements and ratios of Hvax Technologies Limited, buy the company report.

Board of directors of Hvax Technologies Limited

Hvax Technologies has 5 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors

Name	Designation	Appointment Date	Tenure	Status
Prayagdatt Vijaykumar Mishra Also directs: Forgex Technologies Limited, PNX Enterprises LLP, Pharind Pharmaceuticals Private Limited	Managing Director	26 Nov 2010	15 Years 11 Months	Current
Shiv Kumar Mittal Also directs: Cfo Desk Services LLP, Fractal Industries Limited, Swift Technoplast Private Limited and 3 more	Director	17 Nov 2023	2 Years 11 Months	Current
Nirbhaynarayan Sudarshan Singh Also directs: Forgex Technologies Limited, PNX Enterprises LLP, Pharind Pharmaceuticals Private Limited	Whole-Time Director	26 Nov 2010	15 Years 11 Months	Current
Brinda Jitendrakumar Soni	Director	12 Feb 2024	2 Years 9 Months	Current
Renuka Kunal Bajaj	Director	12 Feb 2024	2 Years 9 Months	Current

View all directors

Charges & borrowings

Open charges

₹39.31 Cr

Satisfied charges

₹23.14 Cr

Breakdown by lending institutions

Others₹24.28 Cr

Bank of India₹12.50 Cr

Tjsb Sahakari Bank Limited₹2.54 Cr

Latest charge details

Date	Charge ID	Lender	Amount	Status
10 Jun 2026	101324242	Tjsb Sahakari Bank Limited	₹1.44 Cr	Open
12 Feb 2026	101241431	Bank of India	₹2.5 Cr	Open
27 Jun 2025	101121399	Bank of India	₹10 Cr	Open
23 Mar 2024	100945856	Others	₹1.38 Cr	Open
11 Mar 2022	100555629	Others	₹90 Lakh	Open

To see the full charge records of Hvax Technologies Limited, buy the company report.

Total charge records: 17 View all charges

Deals & funding

Hvax Technologies Limited has 6 deals on record (3 funding rounds, 2 secondary share transfers, 1 ipo), with disclosed funding of ₹4.79 Cr; the latest was in October 2024.

Total deals

Funding rounds

Secondary share transfers

IPO

Disclosed funding

₹4.79 Cr

Deals on record (5 of 6)

When	Deal	Amount	Parties
Oct 2024	IPO	₹33.53 Cr	Investors: IPO Shareholders - Hvax Technologies Limited, Saint Capital Fund, Al Maha Investment Fund Pcc-Onyx Strategy
Mar 2024	Funding round	₹4 Cr	Investors: Craft Emerging Market Fund PCC - Citadel Capital Fund, Craft Emerging Market Fund Pcc - Elite Capital Fund, Finaax Capital Advisors Private Limited
Nov 2023	Secondary share transfer	Undisclosed	Buyer: 4 individuals Seller: 2 individuals
Feb 2017	Secondary share transfer	Undisclosed	Buyer: an individual Seller: an individual
Dec 2013	Funding round	₹51.1 Lakh	Investors: 2 individuals

To see the full deal history of Hvax Technologies 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

No court or tribunal cases involving Hvax Technologies Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.

MSME payment delays

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

GST

Hvax Technologies has 1 GST registration: 1 active.

Total GSTINs

Active

GSTIN	State	Status	Registered on
27AACCH5453M1Z9	Maharashtra	Active	01 Jul 2017

To see the full GST registrations and return filing status of Hvax Technologies Limited, buy the company report.

Recent activity

Hvax Technologies Limited has 11 board changes on record since 2010: 6 appointments and 5 cessations. The latest: Brinda Jitendrakumar Soni was appointed as Director on 12 Feb 2024.

Charges

10 Jun 2026

A charge with Tjsb Sahakari Bank Limited amounted to Rs. 1.44 Cr with Charge ID 101324242 was registered on 10 Jun 2026.

Filing

31 Mar 2026

Hvax Technologies Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.

Charges

12 Feb 2026

A charge with Bank Of India amounted to Rs. 2.50 Cr with Charge ID 101241431 was registered on 12 Feb 2026.

Charges

02 Jan 2026

A charge with Others of Rs. 22.00 Cr registered on 11 Mar 2022 with Charge ID 100555636 was modified on 02 Jan 2026.

AGM

25 Sep 2025

Hvax Technologies Limited last Annual general meeting of members was held on 25 Sep 2025 as per latest MCA records.

Charges

27 Jun 2025

A charge with Bank Of India amounted to Rs. 10.00 Cr with Charge ID 101121399 was registered on 27 Jun 2025.

Charges

19 Jun 2024

A charge registered on 15 Jan 2020 via Charge ID 100326294 with Others was fully satisfied on 19 Jun 2024.

Charges

30 May 2024

A charge registered on 21 Mar 2014 via Charge ID 10541100 with Tjsb Sahakari Bank Ltd was fully satisfied on 30 May 2024.

Charges

29 May 2024

A charge registered on 14 Jul 2021 via Charge ID 100465675 with Tjsb Sahakari Bank Limited was fully satisfied on 29 May 2024.

Charges

29 May 2024

A charge registered on 23 Sep 2020 via Charge ID 100401821 with Tjsb Sahakari Bank Limited was fully satisfied on 29 May 2024.

Charges

29 May 2024

A charge registered on 23 Sep 2020 via Charge ID 100401824 with Tjsb Sahakari Bank Limited was fully satisfied on 29 May 2024.

Charges

23 Mar 2024

A charge with Others amounted to Rs. 1.38 Cr with Charge ID 100945856 was registered on 23 Mar 2024.

32 earlier events are in the company report.

Frequently asked questions

What does Hvax Technologies Limited do?

Hvax Technologies is an active public limited company based in Mumbai, Maharashtra, India. The company works in industrial compressors and pneumatic systems, within the machinery and equipment industry. It was incorporated on 26 November 2010 (16+ years old) and is registered under CIN L74999MH2010PLC210329. Listed on NSE: HVAX.

What is the revenue of Hvax Technologies Limited?

Hvax Technologies reported revenue of ₹163.87 Cr for FY 2025-26 (up 25.1% YoY) based on consolidated financials.

Who are the current directors of Hvax Technologies Limited?

Hvax Technologies has 5 current directors:

Prayagdatt Vijaykumar Mishra - Managing Director
Nirbhaynarayan Sudarshan Singh - Whole-Time Director
Shiv Kumar Mittal - Director
Brinda Jitendrakumar Soni - Director
Renuka Kunal Bajaj - Director

Which is the latest financial year filed by Hvax Technologies Limited?

The latest financial statements of Hvax Technologies on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.

What is the GST number of Hvax Technologies Limited?

The GSTIN of Hvax Technologies is 27AACCH5453M1Z9, registered in Maharashtra.

What is the CIN of Hvax Technologies Limited?

The CIN (Corporate Identification Number) of Hvax Technologies is L74999MH2010PLC210329. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Is Hvax Technologies Limited a listed company?

Yes. Hvax Technologies is a listed company as per MCA records. Its shares are listed on NSE (symbol: HVAX).

When was Hvax Technologies Limited incorporated?

Hvax Technologies was incorporated on 26 November 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.

How much funding has Hvax Technologies Limited raised?

Hvax Technologies has 6 deals on record (3 funding rounds, 2 secondary share transfers, 1 ipo), with disclosed funding of ₹4.79 Cr; the latest was in October 2024.

Which directors recently joined or left Hvax Technologies Limited?

Brinda Jitendrakumar Soni was appointed as Director on 12 Feb 2024. Brinda Jitendrakumar Soni ceased to be Additional Director on 12 Feb 2024. Renuka Kunal Bajaj was appointed as Director on 12 Feb 2024. Hvax Technologies has 11 board changes on record in total.

Hvax Technologies Limited

About Hvax Technologies Limited