BSE: 539697
HILIKS TECHNOLOGIES LIMITED
Hiliks Technologies is classified as an investment company in the financial services sector. Its FY26 revenue stood at ₹29.59 crore with a 6.59% EBITDA margin. Operating activity includes trading in stock-in-trade — Q3 FY26 saw purchases of ₹402.91 lakhs in stock-in-trade, driving a sharp revenue jump, and the company entered a sub-contract agreement in June 2026 (counterparty and value undisclosed). It has a wholly-owned subsidiary, Hiliks Green Private Limited, indicating some exposure to green-sector work. The cost structure is dominated by other operating expenses at 36.6% of revenue, with employee costs at 5.7% and depreciation at 2.3%. In July 2026, the company sought shareholder approval to raise about ₹24.84 crore through a preferential issue of equity shares and convertible warrants at ₹72 each, with ₹22 crore earmarked for working capital and ₹2.84 crore for general corporate purposes. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Trading in stock-in-trade, Sub-contract work. Small investment and trading entity with limited disclosed operating scale; thin margins and a trading-led revenue mix.
Exhibit 1: Financial summary, FY26–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 30 |
| EBITDA (ex other income) | 2 |
| margin % | 6.5 |
| Owners' profit | 0 |
| EPS, as reported (₹) | 0.76 |
| ROE % · ROCE % | 3.1 · 4.7 |
| Debt / equity (x) | 0.00 |
| Cash from operations | (4) |
| Capex | (0) |
Exhibit 2: Quarterly performance, last 5 quarters
| ₹ crore | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|
| Revenue | 2 | 4 | 8 | 16 | 11 |
| Profit before tax | 0 | 0 | (0) | 1 | 1 |
| Net profit | 0 | 0 | (0) | 1 | 1 |
| EPS (₹) | 0.15 | 0.27 | 0.25 | 0.63 | 0.94 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| JIO FIN SERVICES LTD | 1,35,496 | 63.7 | 1.01 | — | 1.2 | — | — | 70.7 |
| ADITYA BIRLA CAPITAL LTD. | 97,598 | 22.8 | 2.65 | — | 10.5 | — | 18.8 | 40.8 |
| L&T FINANCE LIMITED | 61,858 | 19.4 | 2.21 | — | 10.6 | — | 5.5 | 62.3 |
| TATA INVESTMENT CORP LTD | 28,442 | 66.0 | 0.97 | — | 1.5 | — | 19.5 | 92.6 |
| CHOLAMANDALAM FIN HOL LTD | 24,545 | 9.2 | 0.72 | — | 16.2 | — | 23.0 | 58.4 |
| TVS HOLDINGS LIMITED | 23,883 | 12.1 | 1.85 | — | 26.3 | — | 23.4 | 16.4 |
| MAHARASHTRA SCOOTERS LTD | 13,373 | 48.0 | 0.48 | — | 1.1 | — | — | 84.1 |
| JSW HOLDINGS LIMITED | 12,440 | 90.6 | 0.38 | — | 0.4 | — | 14.1 | 84.0 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 35.3 | 19.9 | 33 of 51 | 36% |
| P/B | 3.0 | 0.6 | 56 of 63 | 11% |
| ROCE | 4.5 | 0.4 | 9 of 28 | 70% |
| ROE | 3.1 | 1.3 | 26 of 65 | 61% |
| Debt / Equity | 0.0 | 0.0 | 1 of 27 | 39% |
| EBITDA margin | 9.4 | 61.6 | 49 of 62 | 21% |
| Revenue growth | 535.0 | 13.6 | 7 of 56 | 89% |
| Profit growth | 603.9 | 10.7 | 4 of 66 | 95% |
| Market cap | 79 | 273 | 46 of 68 | 33% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 19 Oct 2026 · Open Offer at Rs 72 per share for 26% stake in Hiliks Technologies | capital market events | high | — | — |
| 15 Oct 2026 · Newspaper ad on re-lodging physical share transfer requests | compliance | minimal | — | — |
| 12 Oct 2026 · Open Offer at Rs 72/share for 26% stake in Hiliks Technologies | strategic transactions | high | — | — |
| 7 Oct 2026 · RTA compliance certificate for quarter ended September 2026 | compliance | minimal | — | — |
| 6 Oct 2026 · Hiliks Technologies promoter sells 3.52% stake, change of control | ownership changes | high | — | — |
| 6 Oct 2026 · Open Offer at Rs 72 per share to acquire 26 percent of Hiliks Technologies | strategic transactions | high | — | — |
| 5 Oct 2026 · Open Offer at Rs 72 per share for 26% stake in Hiliks Technologies | strategic transactions | high | — | — |
| 28 Sept 2026 · Trading window closed ahead of Sept 2026 quarterly results | compliance | minimal | — | — |
| 28 Sept 2026 · 41st AGM voting results: all 5 resolutions passed | board shareholder meetings | medium | — | — |
| 25 Sept 2026 · Hiliks Technologies 41st AGM: 5 resolutions passed, focus on railway signalling | board shareholder meetings | medium | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.