HIPOLIN
Hipolin financials
- Market cap
- ₹30 Cr
Quarterly results
Q1 FY27: revenue up 59.0%, net profit up 102.7% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6 | 5 | 4 | 3 | 3 −42% | 4 −25% | 4 −10% | 5 +59% |
| EBITDA | -0 | -1 | -2 | -1 | 0 +100% | -0 +89% | 0 +101% | 0 +100% |
| Net profit | -0 | -1 | -2 | -1 | 0 +100% | 0 +102% | 0 +100% | 0 +103% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −14.3% 1Y
1Y: ₹92.06 on 1 Sept 2025 → ₹78.85. High ₹118.8 (5 Aug 2026), low ₹46.8 (30 Mar 2026).
Financials, as filed
Revenue fell 15.3% a year over 2 years, FY24 to FY26. Operating margin widened to -5.4%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹20 Cr | ₹22 Cr | ₹14 Cr |
| Operating profit | ₹-1 Cr | ₹-3 Cr | ₹-1 Cr |
| Operating margin | -6.0% | -15.3% | -5.4% |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net profit | ₹-1 Cr | ₹-3 Cr | ₹-1 Cr |
| Net margin | -4.5% | -15.1% | -5.1% |
| Cash from operations | ₹-2 Cr | ₹-3 Cr | ₹2 Cr |
| Free cash flow | ₹-2 Cr | ₹-3 Cr | ₹2 Cr |
| ROCE | -6.0% | -24.6% | -1.7% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity capital | ₹3 Cr | ₹3 Cr | ₹3 Cr | ₹3 Cr | ₹3 Cr |
| Reserves | ₹2 Cr | ₹9 Cr | ₹8 Cr | ₹4 Cr | ₹4 Cr |
| Borrowings | ₹1 Cr | ₹1 Cr | ₹2 Cr | ₹1 Cr | ₹1 Cr |
| Other liabilities | ₹5 Cr | ₹2 Cr | ₹3 Cr | ₹1 Cr | ₹3 Cr |
| Total liabilities | ₹11 Cr | ₹15 Cr | ₹16 Cr | ₹10 Cr | ₹11 Cr |
| Fixed assets | ₹4 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹3 Cr | ₹3 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹7 Cr | ₹6 Cr | ₹8 Cr | ₹5 Cr | ₹6 Cr |
| Total assets | ₹11 Cr | ₹15 Cr | ₹16 Cr | ₹10 Cr | ₹11 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, promoters trimmed −1.20 pp while the public added +1.20 pp. The shareholder count grew 3% to 2,398.
- Promoters
- 69.6%
- Public
- 30.4%
Since Jun 2025
- Promoters −1.20 pp
- Public +1.20 pp
How it drifted, 12 quarters
Over this window promoters fell from 73.7% to 69.6% — −4.1 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 73.7%, Public 26.3%.Dec '23: Promoters 73.7%, Public 26.3%.Mar '24: Promoters 73.7%, Public 26.3%.Jun '24: Promoters 73.1%, Public 26.9%.Sep '24: Promoters 72.9%, Public 27.1%.Dec '24: Promoters 71.1%, Public 28.9%.Mar '25: Promoters 71.5%, Public 28.5%.Jun '25: Promoters 70.8%, Public 29.2%.Sep '25: Promoters 70.6%, Public 29.4%.Dec '25: Promoters 69.9%, Public 30.1%.Mar '26: Promoters 60.2%, Public 39.8%.Jun '26: Promoters 69.6%, Public 30.4%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Hipolin Ltd. above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Rumit Bharatbhai Shah | 10.29% | unchanged |
| Daxesh Bhupendrabhai Shah | 10.19% | unchanged |
| Sejal Ullas Shah | 9.66% | unchanged |
| Rajasvee Sagar Shah | 9.38% | unchanged |
| Kinnari Vaibhav Shah | 9.37% | unchanged |
| Bela Himanshu Shah | 9.37% | unchanged |
| Shaileshkumar Jayantilal Shah | 4.51% | unchanged |
| Investor Education And Protection Fund Authority Ministry Of Corporate Affairs | 2.69% | unchanged |
| Narayan Soaps & Chemicals Private Limited | 2.52% | unchanged |
| Dipak Kanayalal Shah | 1.76% | unchanged |
| Arunaben Manherlal Vakil | 1.65% | unchanged |
| Subhash Jayantilal Shah | 1.44% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Hipolin Ltd.
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