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HVAX Technolog Stock Price Today (NSE: HVAX)

HVAX Technolog

HVAXCivil Construction
₹709.00+₹0.00 (+0.00%)
Market Closed

Fundamental Score

...

HVAX Technolog Share Price — Live NSE/BSE Price, Fundamentals & Analysis

HVAX Technolog share price today is ₹709.00, up +0.00% on NSE/BSE as of 1 August 2026. HVAX Technolog (HVAX) is a Small-cap company in the Civil Construction sector with a market capitalisation of ₹196.88 (Cr). The 52-week high for HVAX share price is ₹N/A and the 52-week low is ₹N/A. At a P/E ratio of 13.77x, HVAX is currently trading below its industry average P/E of 17.15x. The company has a Return on Equity (ROE) of 18.06% and a debt-to-equity ratio of 0.47.

HVAX Technolog Share Price Chart — NSE/BSE Historical Performance

No data
High
₹709.00
Low
₹709.00
Volume
0
Change
+0.00%

HVAX Technolog share price chart: 0.00% return over the past month. 52-week high ₹N/A, 52-week low ₹N/A.

AI Research Briefing

Powered by Gemini · 2026-08-01

High-growth specialized HVAC play crippled by chronic cash bleed and massive related-party supply chains.

Research Confidence
6.5/10Moderate
MICRO-CAP DARK HORSEConsolidation breakdown, down 12.92% over 3M and 10.82% over 6M.Cheap on paper (13.77x P/E vs 17.15x industry), but expensive when adjusted for negative cash flows.

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

FY26 audited results show net profit hitting ₹14.3 crore (+29.5% YoY) on revenue of ₹160.2 crore. Board approved massive related-party transactions, capping purchases from Forgex Technologies at ₹75 crore annually. Abrupt CFO transition: Siddharth Patel resigned May 21, replaced immediately by supply-chain veteran Rajendra Prasad Kharita. Promoter holding locked at 66.65% with zero pledging.

CORE STORY (THE REAL GAME)

Why Now
  • FY26 profit jumped 29.5% to ₹14.3 crore
  • Abrupt CFO change on May 21, 2026
  • Approval of ₹75 crore related-party supply cap
Potential Catalysts
  • Improvement in free cash flow conversion
  • New specialized defense or pharma clean-room orders
  • FII block deal accumulation or dumping
Key Risks
  • Severe micro-cap liquidity risk
  • 5-year free cash flow is negative ₹54.79 crore despite reported profits
  • Related party transactions cap equals ~47% of total FY26 revenue
Institutional Activity

FII holding sticky at 8.9% (Δ -0.06%), massively high for a sub-₹200Cr micro-cap.

Macro Context

Massive tailwind from FY26 front-loaded infrastructure capex and USD 133.3 billion Union Budget allocation.

Order Book / Expansion

Previous ₹26 crore Mazagon Dock contract highlights specialized capability; no major new orders found after live search.

Cash Flow Quality

Toxic. Reported profit CAGR of 31.33% but 5Y FCF is negative ₹54.79 crore.

3–6 Month Outlook

Expect margin volatility due to new CFO transition and heavy reliance on related-party supply chains.

Primary Thesis Risk

Profits are strictly on paper until negative cash flow reverses; related-party supply dependency is a critical governance threat.

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

Returns & Performance

Good

Return on Equity (ROE)

18.06%

Profit generated per ₹1 of shareholder equity

Excellent

Return on Capital (ROCE)

19.66%

Returns generated on total capital deployed

Good

Oper. Profit Margin (5Y Avg)

11.31%

Average operating profit margin over 5 years

Dividend Yield

0.00%

Annual dividend as % of current share price

HVAX Technolog Valuation Check

Good

Price to Earnings (P/E)

13.77x

Share price ÷ earnings per share. Lower = cheaper

Poor

Industry Avg P/E

17.15x

Average P/E of all peers in this sector

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

Shareholding Pattern

Excellent

Promoter Holding

66.65%

% shares held by company founders/management

Average

FII Holding

8.90%

% shares held by foreign institutional investors

Poor

DII Holding

1.08%

% held by domestic mutual funds, LIC, banks

Excellent

Promoter Pledged %

0.00%

% of promoter shares pledged as collateral — lower is safer

Growth Engine

Excellent

Profit Growth (Quarterly YoY)

29.92%

Net profit growth vs same quarter last year

Good

Revenue Growth (Quarterly YoY)

17.61%

Revenue growth vs same quarter last year

Excellent

Revenue Growth (5-Year CAGR)

21.40%

Compounded annual revenue growth over 5 years

Poor

EPS Growth (5-Year CAGR)

-2.79%

Earnings per share growth over 5 years

Excellent

Net Profit Growth (5-Year CAGR)

31.33%

Compounded annual net profit growth over 5 years

Balance Sheet Health

Average

Debt to Equity Ratio

0.47x

Total debt ÷ equity. Below 0.5 = financially healthy

Excellent

Interest Coverage Ratio

7.21x

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

Free Cash Flow (5-Year Total)

-54.79 (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

HVAX Technolog Fundamental Analysis & Valuation Benchmarking

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

Positive Indicators

9 factors identified

Strong Return on Equity (18.06%)

Observation: Efficient use of shareholders' capital generating superior returns.

Analysis: ROE >15% indicates strong profitability and effective management. This metric suggests the company can generate substantial returns on invested capital.

Excellent ROCE Performance (19.66%)

Observation: Superior returns on capital employed across business operations.

Analysis: ROCE >15% demonstrates efficient capital deployment and strong operational performance.

Robust Profit Growth (29.92%)

Observation: Strong year-over-year profit expansion demonstrates business momentum.

Analysis: Profit growth >20% indicates effective execution and market opportunity capture.

Strong Revenue Growth (17.61%)

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 (21.40% CAGR)

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

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

Strong Profit Growth Track Record (31.33% CAGR)

Observation: Consistent 5-year profit compound annual growth rate.

Analysis: Profit CAGR >15% demonstrates scalable business model.

Strong Interest Coverage (7.21x)

Observation: Earnings comfortably cover interest obligations.

Analysis: Interest coverage >5x indicates low financial distress risk.

Balanced Promoter Holding (66.65%)

Observation: Optimal balance between promoter control and public float.

Analysis: Promoter holding in 50-75% range provides management alignment.

Zero Share Pledging Risk

Observation: No promoter shares pledged as collateral.

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

Risk Factors

4 factors identified

Weak Earnings Growth (-2.79% CAGR)

Observation: Below-average 5-year EPS growth performance.

Analysis: Low EPS growth may not keep pace with inflation.

Negative Free Cash Flow (₹-54.79 Cr over 5Y)

Observation: Cash outflows exceed inflows.

Analysis: Negative FCF requires analysis of capital expenditure cycle.

Limited Institutional Interest (FII+DII: 9.98%)

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.

HVAX Technolog vs Civil Construction Peers

Peer Comparison - Civil Construction

Compare HVAX Technolog with 10 other companies in the same sector

11 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
HVAX Technolog...✓
HVAX •
63.6/100
₹709
₹196.88
13.8
Average
18.06%
Good
19.66%
Good
0.5
Excellent
31.33%
Excellent
21.40%
Excellent
0.00%
Larsen & Toubro...
LT • 500510
29.2/100
₹3939
₹520535.11
31.7
Average
15.86%
Good
14.57%
Average
1.1
Average
3.38%
Average
16.02%
Excellent
1.00%
Rail Vikas Niga...
RVNL • 542649
27.7/100
₹225
₹47325.78
54.1
Average
9.02%
Poor
10.80%
Average
0.5
Excellent
-2.48%
Poor
5.79%
Good
0.76%
ITD Cementation...
CEMPRO • 509496
65.1/100
₹1368
₹27466.20
46.7
Average
27.80%
Excellent
32.76%
Excellent
0.4
Excellent
112.23%
Excellent
29.83%
Excellent
0.19%
Nbcc India Ltd...
NBCC • 534309
55.8/100
₹95
₹26397.95
39.9
Average
24.08%
Excellent
30.95%
Excellent
0.0
Excellent
24.18%
Excellent
13.14%
Good
0.68%
IRB Infrastruct...
IRB • 532947
41.7/100
₹20
₹24252.69
27.6
Average
4.31%
Poor
7.48%
Poor
1.0
Good
50.01%
Excellent
7.62%
Good
0.77%
Kalpataru Proje...
KPIL • 522287
32.8/100
₹1290
₹22154.34
22.6
Average
13.70%
Average
18.28%
Good
0.5
Excellent
13.35%
Good
15.95%
Excellent
0.85%
Kec Internation...
KEC • 532714
27/100
₹469
₹13509.65
20.8
Average
11.31%
Average
14.50%
Average
0.9
Good
3.49%
Average
12.38%
Good
1.08%
Engineers India...
ENGINERSIN • 532178
51.5/100
₹222
₹12942.12
18.7
Average
23.79%
Excellent
30.63%
Excellent
0.0
Excellent
15.77%
Excellent
4.55%
Average
1.74%
Ircon Internati...
IRCON • 541956
28.3/100
₹126
₹12258.63
20.6
Average
9.19%
Poor
9.69%
Poor
0.9
Good
9.00%
Good
11.17%
Good
2.03%
Techno Electric...
TECHNOE • 542141
60.8/100
₹980
₹12201.05
27.2
Average
11.36%
Average
14.85%
Average
0.0
Excellent
25.15%
Excellent
29.77%
Excellent
0.86%

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HVAX Technolog Quarterly Performance

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

Revenue Growth (YoY)

17.61%

Latest quarter vs same quarter previous year

Net Profit Growth (YoY)

29.92%

Latest quarter net profit vs same quarter previous year

5-Year Revenue CAGR

21.40%

Compounded annual revenue growth over 5 years

5-Year Profit CAGR

31.33%

Compounded annual net profit growth over 5 years

HVAX Technolog Financial Statements

Annual income statement, balance sheet and cash flow for HVAX Technolog (HVAX) — sourced from NSE/BSE filings.

Loading Financial Statements...

Fetching financial data for HVAX Technolog

About HVAX (HVAX Technolog)

HVAX Technolog (HVAX) is listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) of India. The company operates in the Civil Construction sector with a current ...market capitalisation of ₹196.88 (Cr). HVAX Technolog has delivered a Return on Equity (ROE) of 18.06% and a ROCE of 19.66%. The debt-to-equity ratio stands at 0.47, reflecting the company's capital structure. Investors tracking HVAX share price can monitor key metrics including P/E ratio, promoter holding of 66.65%, and quarterly earnings growth.

Company Details

Symbol:HVAX
Industry:Civil Construction
Sector:Civil Construction
Website:N/A

HVAX Share Price: Frequently Asked Questions

What is the current share price of HVAX Technolog?

HVAX Technolog (HVAX) trades at ₹709.00 on NSE. Market cap ₹196.88 (Cr). Educational data only.

What is the P/E ratio of HVAX Technolog?

HVAX Technolog has a P/E of 13.77x vs industry average 17.15x.

What is the Bull Run score for HVAX Technolog?

HVAX Technolog has a Bull Run score of 63.6/100 based on 25+ financial parameters.

Does HVAX Technolog pay dividends?

HVAX Technolog has a dividend yield of 0.00%. Past dividends don't guarantee future payments.

What is the ROE of HVAX Technolog?

HVAX Technolog has ROE of 18.06%. Higher ROE indicates better use of shareholder equity.

What is the debt-to-equity ratio of HVAX Technolog?

HVAX Technolog has debt-to-equity of 0.47.

Is HVAX Technolog a good investment?

Bull Run gives HVAX Technolog a score of 63.6/100. This is not investment advice — consult a SEBI-registered advisor.