Hilltone Software and Gases Inc Stock Price Today (NSE: HILLTONE)

Hilltone Software and Gases Inc

43.650.35 (0.80%)
Market Closed

Fundamental Score

...

Hilltone Software and Gases Inc Share Price — Live NSE/BSE Price, Fundamentals & Analysis

Hilltone Software and Gases Inc share price today is 43.65, down 0.80% on NSE/BSE as of 17 June 2026. Hilltone Software and Gases Inc (HILLTONE) is a Small-cap company in the Industrial Gases sector with a market capitalisation of 86.19 (Cr). The 52-week high for HILLTONE share price is 93.00 and the 52-week low is 31.59. The company has a Return on Equity (ROE) of -1.16% and a debt-to-equity ratio of 0.03.

Hilltone Software and Gases Inc Share Price Chart — NSE/BSE Historical Performance

No data
High
52.00
Low
43.65
Volume
37.3K
Change
-6.05%

Hilltone Software and Gases Inc share price chart: -6.05% return over the past month. 52-week high ₹93.00, 52-week low ₹31.59.

Hilltone Software and Gases Inc — Last 10 Trading Days

DateOpenHighLowCloseVolume
46.7051.5046.5947.2761.07K (Cr)
48.6552.9047.7449.943.83K (Cr)
50.4050.4247.7048.453.58K (Cr)
46.4050.9746.4047.075.21K (Cr)
48.0051.2447.1549.5759.43K (Cr)
48.5049.9946.5048.002.08K (Cr)
46.1950.7446.1949.1818.21K (Cr)
48.9948.9946.5047.3888.67K (Cr)
49.7049.8947.0047.1420.03K (Cr)
49.9049.9045.5048.833.36K (Cr)

Hilltone Software and Gases Inc — Last 12 Months Price History

MonthOpenHighLowCloseChange
48.6552.9046.5947.27-2.84%
50.0551.9145.0148.45-3.20%
48.4354.0045.2249.07+1.32%
56.7057.9845.7048.19-15.01%
52.2563.7050.0056.35+7.85%
86.1092.0052.7856.00-34.96%
77.0093.0073.2589.95+16.82%
72.0183.1169.0079.97+11.05%
77.6377.6358.5668.59-11.64%
41.4584.0041.3679.21+91.10%
42.2047.0036.0243.59+3.29%
34.6544.5031.5943.04+24.21%

AI Research Briefing

Powered by Gemini · 2026-04-15

Hilltone is a micro-cap attempting a risky pivot to IT, masking fundamental weaknesses in its core gas business.

Research Confidence
6.0/10Moderate
MICRO-CAP DARK HORSEStrong 3M momentum (81.68%) but -48.1% from 52W high.Expensive, given negative P/E and weak profitability.

WHAT'S HAPPENING NOW (last 2-4 weeks)

Hilltone Software & Gases' board approved an investment in RZOLUT Technologies PTE. LTD.. The IT division renewed a license with an Indian bank subsidiary for lacs and secured a US $25,000 contract with Versante Health. The company announced closure of its trading window from April 1, 2026, until 48 hours after Q4FY26 results.

CORE STORY (THE REAL GAME)

Hilltone is trying to morph from a low-margin gas supplier into a higher-margin IT services play, using its gases business as a cash cow to fund riskier tech bets.

Why Now
  • IT division showing signs of growth with new contracts
  • Expansion of industrial gases vertical with Carbon Dioxide and Argon gases
  • Board approval for investment in RZOLUT Technologies
Potential Catalysts
  • Significant IT contract wins
  • Successful integration of RZOLUT Technologies
  • Turnaround in interest coverage ratio
Key Risks
  • Micro-cap illiquidity risk
  • Negative interest coverage of -5.47x
  • Poor free cash flow generation of ₹-8.91 Cr over 5 years
Institutional Activity

FII decreased holdings by 0.05%

Macro Context

India's industrial gases market is projected to grow, driven by manufacturing and infrastructure development.

Order Book / Expansion

IT division secured a new contract worth US $25,000 with Versante Health.

Cash Flow Quality

No, Free Cash Flow 5Y: ₹-8.91 Cr.

3–6 Month Outlook

In the next 3-6 months, watch for Q4 results and progress on the RZOLUT investment. A successful IT pivot is the key to long-term value, but the execution risk is high.

Primary Thesis Risk

The IT pivot is a smokescreen for a fundamentally weak gas business.

For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.

Returns & Performance

Poor

Return on Equity (ROE)

-1.16%

Profit generated per ₹1 of shareholder equity

Poor

Return on Capital (ROCE)

2.34%

Returns generated on total capital deployed

Poor

Oper. Profit Margin (5Y Avg)

5.06%

Average operating profit margin over 5 years

Dividend Yield

0.00%

Annual dividend as % of current share price

Hilltone Software and Gases Inc Valuation Check

Price to Earnings (P/E)

N/A

Share price ÷ earnings per share. Lower = cheaper

Poor

Industry Avg P/E

45.88x

Average P/E of all peers in this sector

Market-cap Classification
Small-cap
Higher growth potential with higher volatility.

Shareholding Pattern

Good

Promoter Holding

12.84%

% shares held by company founders/management

Poor

FII Holding

0.10%

% shares held by foreign institutional investors

Poor

DII Holding

0.00%

% held by domestic mutual funds, LIC, banks

Excellent

Promoter Pledged %

0.00%

% of promoter shares pledged as collateral — lower is safer

Growth Engine

Poor

Profit Growth (Quarterly YoY)

-745.45%

Net profit growth vs same quarter last year

Excellent

Revenue Growth (Quarterly YoY)

65.07%

Revenue growth vs same quarter last year

Excellent

Revenue Growth (5-Year CAGR)

13.01%

Compounded annual revenue growth over 5 years

EPS Growth (5-Year CAGR)

N/A

Earnings per share growth over 5 years

Net Profit Growth (5-Year CAGR)

N/A

Compounded annual net profit growth over 5 years

Balance Sheet Health

Excellent

Debt to Equity Ratio

0.03x

Total debt ÷ equity. Below 0.5 = financially healthy

Poor

Interest Coverage Ratio

-5.47x

EBIT ÷ interest expense. Above 2.5 = can pay interest comfortably

Free Cash Flow (5-Year Total)

-8.91 (Cr)

Cash left after capex over 5 years. Positive = self-funded growth

Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice

Hilltone Software and Gases Inc Fundamental Analysis & Valuation Benchmarking

Educational evaluation of HILLTONE across key market metrics for learning purposes.

Positive Indicators

4 factors identified

Strong Revenue Growth (65.07%)

Observation: Healthy sales growth indicates market demand and execution capability.

Analysis: Revenue growth >15% suggests strong market position and growth potential.

Consistent Growth Track Record (13.01% CAGR)

Observation: Strong 5-year sales compound annual growth rate.

Analysis: Consistent sales CAGR >12% demonstrates sustainable growth model.

Conservative Debt Levels (D/E: 0.03)

Observation: Low leverage provides financial flexibility and reduced risk.

Analysis: Conservative debt structure offers resilience during economic downturns.

Zero Share Pledging Risk

Observation: No promoter shares pledged as collateral.

Analysis: Absence of share pledging eliminates potential forced-selling pressure.

Risk Factors

8 factors identified

Below-Average Return on Equity (-1.16%)

Observation: Returns on equity are below industry benchmarks.

Analysis: ROE <10% may indicate inefficient capital utilization. Consider monitoring for operational improvements and management effectiveness.

Suboptimal ROCE (2.34%)

Observation: Returns on capital employed are below expectations.

Analysis: ROCE <10% suggests potential inefficiencies in capital allocation.

Profit Decline Concern (-745.45%)

Observation: Significant year-over-year profit contraction observed.

Analysis: Declining profitability requires investigation into underlying causes.

Weak Interest Coverage (-5.47x)

Observation: Limited ability to service debt obligations from earnings.

Analysis: Low interest coverage raises concerns about financial stability.

Negative Free Cash Flow (₹-8.91 Cr over 5Y)

Observation: Cash outflows exceed inflows.

Analysis: Negative FCF requires analysis of capital expenditure cycle.

Low Promoter Commitment (12.84%)

Observation: Reduced promoter stake may indicate limited confidence.

Analysis: Low promoter holding may raise questions about management commitment.

Limited Institutional Interest (FII+DII: 0.10%)

Observation: Low institutional participation may affect liquidity.

Analysis: Limited institutional interest may indicate size constraints or visibility issues.

No Dividend Distribution

Observation: Company does not currently pay dividends to shareholders.

Analysis: Zero dividend yield may indicate growth reinvestment focus or cash flow constraints.

Hilltone Software and Gases Inc vs Industrial Gases Peers

Peer Comparison - Industrial Gases

Compare Hilltone Software and Gases Inc with 6 other companies in the same sector

7 companies
Company Info
Fundamental
Valuation
Profitability
Financial Health
Growth
Dividend
Company
Company name
Score
Bull Run comprehensive fundamental score based on 20+ metrics
Price
Current trading price of the stock
Market Cap
Total value of all shares in the market
P/E
Price per share divided by earnings per share
ROE
Net income divided by shareholder equity
ROCE
Earnings before interest and tax divided by capital employed
Debt/Eq
Total debt divided by total equity
Profit 5Y
Average annual profit growth over 5 years
Sales 5Y
Average annual sales growth over 5 years
Dividend
Annual dividend per share divided by price per share
14.9/100
44
₹86.19
-1.16%
Poor
2.34%
Poor
0.0
Excellent
13.01%
Good
0.00%
64/100
7259
₹50177.55
99.2
Average
12.33%
Average
16.90%
Good
0.0
Excellent
29.51%
Excellent
7.12%
Good
0.08%
40.6/100
261
₹5436.42
62.3
Average
17.76%
Good
18.23%
Good
0.1
Excellent
-2.05%
Poor
12.39%
Good
0.00%
48.9/100
329
₹4615.25
26.3
Average
18.91%
Good
20.89%
Excellent
0.1
Excellent
33.25%
Excellent
30.15%
Excellent
0.15%
49.7/100
181
₹1321.48
29.5
Average
15.17%
Good
19.67%
Good
0.0
Excellent
0.00%
16/100
113
₹56.92
-21.54%
Poor
-1.57%
Poor
0.00%
39.9/100
25
₹10.67
88.9
Average
8.49%
Poor
10.64%
Average
0.1
Excellent
40.11%
Excellent
35.41%
Excellent
0.00%

Hilltone Software and Gases Inc PE Ratio History

Historical price-to-earnings ratio for HILLTONE — last 5 years

YearEPS (₹)Price (₹)P/E Ratio
FY 20240.46₹21.1745.7x

P/E = year-end price ÷ diluted EPS from annual filings. Source: NSE/BSE via Bull Run.

Hilltone Software and Gases Inc Quarterly Performance

Latest quarterly metrics for HILLTONE — revenue growth and profit growth vs same quarter last year

Revenue Growth (YoY)

65.07%

Latest quarter vs same quarter previous year

Net Profit Growth (YoY)

-745.45%

Latest quarter net profit vs same quarter previous year

5-Year Revenue CAGR

13.01%

Compounded annual revenue growth over 5 years

5-Year Profit CAGR

N/A

Compounded annual net profit growth over 5 years

Hilltone Software and Gases Inc Technical Indicators

SMA 50, SMA 200, RSI and volume signals for HILLTONE — calculated from daily price history

49RSI 14
Neutral — RSI 49

Momentum is balanced — neither overbought nor oversold.

SMA 50
49
▼ Price below SMA 50 — Short-term bearish
SMA 200
61
▼ Price below SMA 200 — Long-term downtrend
30-Day Avg Volume
49K shares/day
Average daily traded volume over last 30 trading sessions

Technical indicators are for educational purposes only. Not investment advice.

Hilltone Software and Gases Inc Financial Statements

Annual income statement, balance sheet and cash flow for Hilltone Software and Gases Inc (HILLTONE) — sourced from NSE/BSE filings.

Loading Financial Statements...

Fetching financial data for Hilltone Software and Gases Inc

About HILLTONE (Hilltone Software and Gases Inc)

Hilltone Software and Gases Inc (HILLTONE) is a pioneering force in the industrial gases sector, pushing the boundaries of innovation with its comprehensive suite of products and s...olutions. HILLTONE stands apart by seamlessly integrating cutting-edge software solutions with its core industrial gas offerings. This synergistic approach empowers clients with advanced data analytics, predictive maintenance capabilities, and streamlined process optimization. Beyond the traditional supply of gases such as nitrogen, oxygen, argon, and specialty gas mixtures, HILLTONE provides intelligent gas management systems, ensuring maximum efficiency, safety, and environmental sustainability for its diverse clientele. HILLTONE distinguishes itself through its unwavering commitment to customer-centricity and technological advancement. Going beyond mere gas supply, the company offers tailored solutions designed to meet the unique needs of each industry it serves. From the precision demands of the electronics and semiconductor sectors to the high-volume requirements of manufacturing and energy, HILLTONE provides customized gas blends, delivery systems, and value-added services. Coupled with real-time monitoring and remote diagnostics, HILLTONE guarantees consistent gas purity, pressure, and flow rates, minimizing downtime and maximizing productivity for its partners. With a relentless pursuit of innovation, HILLTONE invests significantly in research and development to create groundbreaking technologies for the future of industrial gases. The company is actively engaged in exploring sustainable alternatives, such as biogas upgrading and carbon capture utilization, to minimize the environmental impact of its operations. Through strategic partnerships and collaborations, HILLTONE remains at the forefront of the industry, constantly seeking new ways to enhance efficiency, reduce costs, and deliver exceptional value to its clients while adhering to the highest safety and environmental standards.

Company Details

Symbol:HILLTONE
Industry:Industrial Gases
Sector:Industrial Gases

Key Leadership

Mr. Niketbhai Mahendrabhai Shah
MD & Executive Director
Mr. Prafullbhai Rameshchandra Makvana
Chief Financial Officer
Ms. Hinisha Patel
Company Secretary & Compliance Officer

HILLTONE Share Price: Frequently Asked Questions

What is the current share price of Hilltone Software and Gases Inc?

Hilltone Software and Gases Inc (HILLTONE) trades at ₹43.65 on NSE and BSE. Market cap ₹86.19 (Cr). Educational data only.

What is the P/E ratio of Hilltone Software and Gases Inc?

Hilltone Software and Gases Inc has a P/E of N/Ax vs industry average 45.88x.

What is the Bull Run score for Hilltone Software and Gases Inc?

Hilltone Software and Gases Inc has a Bull Run score of 14.9/100 based on 25+ financial parameters.

Does Hilltone Software and Gases Inc pay dividends?

Hilltone Software and Gases Inc has a dividend yield of 0.00%. Past dividends don't guarantee future payments.

What is the ROE of Hilltone Software and Gases Inc?

Hilltone Software and Gases Inc has ROE of -1.16%. Higher ROE indicates better use of shareholder equity.

What is the debt-to-equity ratio of Hilltone Software and Gases Inc?

Hilltone Software and Gases Inc has debt-to-equity of 0.03.

Is Hilltone Software and Gases Inc a good investment?

Bull Run gives Hilltone Software and Gases Inc a score of 14.9/100. This is not investment advice — consult a SEBI-registered advisor.