Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 24.38 | 29.73 | 31.36 | 25.64 | 27.41 | 31.41 | 33.23 | 23.76 | 26.73 | 33.46 | 32.97 | 27.75 |
| Expenses | 17.21 | 18.06 | 18.53 | 17.02 | 18.98 | 18.65 | 19.97 | 17.22 | 18.66 | 18.22 | 22.11 | 20.30 |
| Operating Profit | 7.17 | 11.67 | 12.83 | 8.62 | 8.43 | 12.76 | 13.26 | 6.54 | 8.07 | 15.24 | 10.86 | 7.45 |
| OPM % | 29.41% | 39.25% | 40.91% | 33.62% | 30.76% | 40.62% | 39.90% | 27.53% | 30.19% | 45.55% | 32.94% | 26.85% |
| Other Income | 0.73 | 0.38 | 0.70 | 0.71 | 0.36 | 0.32 | 0.98 | 0.40 | 0.28 | 0.36 | 0.49 | 0.41 |
| Interest | 6.29 | 7.11 | 6.49 | 5.73 | 5.58 | 5.42 | 5.09 | 4.43 | 4.30 | 4.13 | 3.63 | 3.33 |
| Depreciation | 1.86 | 1.88 | 1.87 | 1.89 | 1.93 | 1.92 | 1.87 | 1.97 | 2.01 | 2.01 | 1.99 | 2.05 |
| Profit before tax | -0.25 | 3.06 | 5.17 | 1.71 | 1.28 | 5.74 | 7.28 | 0.54 | 2.04 | 9.46 | 5.73 | 2.48 |
| Tax % | 272.00% | 50.98% | 12.57% | 46.78% | 62.50% | 16.03% | 37.09% | 27.78% | 37.75% | 31.29% | 38.05% | 37.90% |
| Net Profit | -0.93 | 1.51 | 4.52 | 0.91 | 0.49 | 4.82 | 4.58 | 0.38 | 1.27 | 6.50 | 3.55 | 1.54 |
| EPS in Rs | -0.48 | 0.78 | 2.32 | 0.47 | 0.25 | 2.48 | 2.13 | 0.18 | 0.57 | 2.83 | 1.55 | 0.67 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 67 | 73 | 84 | 89 | 82 | 24 | 50 | 95 | 108 | 116 | 115 | 121 |
| Expenses | 52 | 57 | 62 | 61 | 55 | 30 | 42 | 63 | 69 | 73 | 75 | 79 |
| Operating Profit | 15 | 17 | 21 | 28 | 27 | -6 | 8 | 32 | 39 | 43 | 41 | 42 |
| OPM % | 23% | 23% | 25% | 32% | 32% | -24% | 16% | 34% | 36% | 37% | 35% | 34% |
| Other Income | 3 | 2 | 1 | 2 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 |
| Interest | 30 | 31 | 27 | 28 | 25 | 22 | 24 | 25 | 26 | 22 | 16 | 15 |
| Depreciation | 15 | 14 | 14 | 14 | 14 | 14 | 7 | 7 | 7 | 8 | 8 | 8 |
| Profit before tax | -28 | -27 | -19 | -12 | -12 | -41 | -22 | 3 | 7 | 16 | 18 | 20 |
| Tax % | 11% | -26% | -13% | -14% | -24% | -26% | -29% | 556% | 47% | 33% | 34% | |
| Net Profit | -31 | -20 | -16 | -10 | -9 | -30 | -16 | -12 | 4 | 11 | 12 | 13 |
| EPS in Rs | -19.10 | -12.42 | -8.38 | -5.36 | -4.52 | -15.61 | -8.05 | -5.98 | 2.00 | 5.03 | 5.10 | 5.62 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 6% | 37% | 7% | 4% | ||
| Compounded Profit Growth | 9% | 19% | 44% | 25% | ||
| Stock Price CAGR | 24% | 44% | 23% | -23% | ||
| Return on Equity | -5% | 0% | 5% | 6% |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 16 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 22 | 23 |
| Reserves | 1 | 234 | 218 | 200 | 186 | 154 | 138 | 126 | 129 | 153 | 170 |
| Borrowings | 402 | 292 | 287 | 287 | 274 | 328 | 347 | 331 | 311 | 284 | 258 |
| Other Liabilities | 52 | 40 | 42 | 36 | 39 | 28 | 25 | 29 | 34 | 38 | 39 |
| Total Liabilities | 470 | 585 | 567 | 543 | 519 | 529 | 530 | 505 | 494 | 496 | 491 |
| Fixed Assets | 418 | 475 | 461 | 448 | 435 | 422 | 416 | 411 | 406 | 404 | 398 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 6 | 21 | 22 | 14 | 2 | 2 | 3 | 3 | 3 | 2 | 2 |
| Other Assets | 47 | 89 | 85 | 82 | 82 | 105 | 111 | 91 | 85 | 90 | 91 |
| Total Assets | 470 | 585 | 567 | 543 | 519 | 529 | 530 | 505 | 494 | 496 | 491 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 17 | 2 | 29 | 34 | 29 | -14 | 3 | 42 | 49 | 35 | 45 |
| Cash from Investing Activity | 3 | -1 | 0 | 6 | 10 | 0 | -0 | -2 | -1 | -4 | -1 |
| Cash from Financing Activity | -20 | 1 | -29 | -38 | -42 | 16 | -6 | -41 | -45 | -32 | -36 |
| Net Cash Flow | 1 | 1 | 0 | 2 | -3 | 2 | -3 | -1 | 2 | -2 | 9 |
| Free Cash Flow | 15 | 0 | 28 | 33 | 26 | -14 | 2 | 40 | 46 | 29 | 44 |
| CFO/OP | 120% | 8% | 140% | 118% | 108% | 283% | 45% | 134% | 127% | 80% | 108% |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 30 | 15 | 14 | 14 | 11 | 26 | 20 | 12 | 12 | 14 | 21 |
| Inventory Days | 981 | 742 | 768 | 460 | 700 | 1,480 | 778 | 568 | |||
| Days Payable | 809 | 798 | 681 | 405 | 705 | 1,166 | 394 | 346 | |||
| Cash Conversion Cycle | 202 | -41 | 101 | 70 | 6 | 340 | 404 | 234 | 12 | 14 | 21 |
| Working Capital Days | -101 | 8 | -53 | -68 | -107 | -381 | -170 | -122 | -294 | -123 | -106 |
| ROCE % | 1% | 1% | 3% | 3% | -4% | 0% | 6% | 7% | 8% | 8% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 69.10% | 69.10% | 69.10% | 69.10% | 69.10% | 69.10% | 71.98% | 71.98% | 69.69% | 67.42% | 67.42% | 67.75% |
| DIIs | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.02% | 0.02% | 0.01% | 0.01% | 0.01% | 0.01% |
| Public | 30.88% | 30.87% | 30.87% | 30.86% | 30.86% | 30.88% | 27.98% | 28.00% | 30.28% | 32.56% | 32.56% | 32.23% |
| No. of Shareholders | 68,268 | 67,721 | 67,140 | 66,741 | 66,559 | 66,622 | 66,270 | 66,035 | 65,735 | 65,482 | 65,241 | 65,165 |
Fundamentals
Market Cap₹ 175 Cr.
Current Price₹ 74.0
Stock P/E13.6
Book Value₹ 84.3
ROCE7.54 %
ROE6.37 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)4%
Compounded Profit Growth (TTM)25%
Consolidated figures.
Valuation
Market capRs 155 Cr
Enterprise valueRs 386 Cr
P/E (TTM)12.04x
Price to book0.80x
Price to sales1.28x
EV / EBITDA8.94x
EV / EBIT11.00x
EV / sales3.19x
Price to cash flow3.41x
Earnings yield8.30%
P/E, 3-year average21.57x
P/B, 3-year average0.94x
P/E, 5-year average21.57x
P/B, 5-year average4.61x
Profitability
Operating margin (excl. other income)35.29%
Operating margin (incl. other income)36.59%
EBITDA margin35.70%
Pre-tax margin16.30%
Net profit margin10.64%
Net margin, latest quarter5.55%
ROE6.36%
ROCE7.53%
ROA2.37%
ROE, 3-year average5.22%
ROCE, 3-year average7.64%
ROA, 3-year average1.78%
ROE, 5-year average-0.29%
ROCE, 5-year average5.77%
ROA, 5-year average0.02%
ROIC (approx.)5.44%
Tax rate34.16%
Other income / net worth0.77%
Growth
Sales growth (latest year)-0.87%
Profit growth (latest year)8.43%
Sales CAGR, 3 years6.57%
Sales CAGR, 5 years36.66%
Sales growth QoQ-15.83%
Profit growth QoQ-56.62%
Sales growth YoY (latest quarter)16.79%
Profit growth YoY (latest quarter)305.26%
Per share
EPS (TTM)Rs 5.41
EPS (latest year)Rs 4.92
EPS (latest quarter)Rs 0.65
EPS, 3-year averageRs 3.89
EPS, 5-year averageRs 0.72
Book value per shareRs 81.39
Sales per shareRs 50.83
Cash flow per shareRs 19.11
Free cash flow per shareRs 18.50
Efficiency
Asset turnover0.24x
Fixed asset turnover0.29x
Inventory turnover2.25x
Inventory days162 days
Debtor days21 days
Debtors turnover17.77x
Creditor days346 days
Cash conversion cycle21 days
Working capital days-106 days
Leverage
Total debtRs 258 Cr
Cash and bankRs 27 Cr
Net debtRs 231 Cr
Debt to equity1.33x
Net debt / EBITDA5.36x
Interest coverage2.28x
Owners' fund to total sources39.43%
Debt to assets52.53%
Cash flow
Cash from Operating Activity (latest year)Rs 45 Cr
Cash from Investing Activity (latest year)Rs -1 Cr
Cash from Financing Activity (latest year)Rs -36 Cr
Net Cash Flow (latest year)Rs 9 Cr
Free cash flow (latest year)Rs 44 Cr
FCFE (approx.: FCF + change in debt)Rs 18 Cr
Sales to cash flow2.54x
Statement figures
Net sales (TTM)Rs 121 Cr
Net sales (latest year)Rs 115 Cr
Sales (latest quarter)Rs 28 Cr
Operating profit excl. other income (latest year)Rs 41 Cr
Operating profit (latest quarter)Rs 7 Cr
Other income (TTM)Rs 2 Cr
EBITDA (TTM)Rs 43 Cr
PBDT (TTM)Rs 28 Cr
Profit before tax (TTM)Rs 20 Cr
Tax (latest year)Rs 6 Cr
Net profit (TTM)Rs 13 Cr
Net profit (latest year)Rs 12 Cr
Net profit (latest quarter)Rs 2 Cr
Depreciation (TTM)Rs 8 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 15 Cr
Cost of goods sold (latest year)Rs 35 Cr
Total expenditure (latest year)Rs 75 Cr
Total income (latest year)Rs 117 Cr
Share capitalRs 23 Cr
ReservesRs 170 Cr
Shareholders' fundsRs 194 Cr
Total assetsRs 491 Cr
Net blockRs 398 Cr
InvestmentsRs 2 Cr
ReceivablesRs 6 Cr
InventoryRs 15 Cr
Other liabilitiesRs 39 Cr
Shares outstanding (crore)2.38
Ownership
Promoter holding67.75% (-4.23 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 12.0 is at the 3th percentile of its own 2.4-year range
(median 19.2, low 11.2, high 67.7).
P/B 0.80 is at the 69th percentile (median 0.25).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | HBESD | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -7.7% | -2.8% | -4.9 pts |
| 1 month | -13.5% | -6.8% | -6.7 pts |
| 3 months | -17.8% | -7.6% | -10.1 pts |
| 3 years | +65.5% | +14.2% | +51.3 pts |
| 5 years | +446.7% | +27.9% | +418.8 pts |
Red flags
F-score 6 of 8No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹28 Cr +16.8% vs Jun 2025.
Net profit ₹2 Cr +305.3%.
Against our estimate for Jun 2026: sales +13.5%, profit -18.8% in line. Our estimate for Sep 2026: sales Rs 29 Cr, profit Rs 2 Cr (how).
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| DLF Ltd | 161,638 | 37.6 | 6.32 % |
| Lodha Developers Ltd | 110,592 | 26.8 | 16.4 % |
| Phoenix Mills Ltd | 68,996 | 53.2 | 12.4 % |
| Oberoi Realty Ltd | 64,099 | 24.2 | 17.3 % |
| Prestige Estates Projects Ltd | 61,056 | 53.6 | 10.4 % |
| Godrej Properties Ltd | 49,232 | 30.4 | 7.63 % |
| Anant Raj Ltd | 21,675 | 37.5 | 12.1 % |
| Brigade Enterprises Ltd | 18,370 | 27.0 | 10.5 % |
| Horizon Industrial Parks Ltd | 14,709 | 3.18 % | |
| Sobha Ltd | 13,008 | 56.4 | 6.86 % |
| Aditya Birla Real Estate Ltd | 12,963 | -4.48 % | |
| SignatureGlobal India Ltd | 10,614 | 2.38 % | |
| Sri Lotus Developers & Realty Ltd | 10,466 | 40.7 | 21.2 % |
| Max Estates Ltd | 9,312 | 1,586 | 1.40 % |
| Embassy Developments Ltd | 7,833 | -2.44 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Less than 100 unique PAN traded in previous 30 days
Quick answers
What is the market cap of HB Estate Developers Ltd?
HB Estate Developers Ltd (HBESD) has a market capitalisation of Rs 175 Cr. at the 2026-10-01 close.
What is the P/E ratio of HB Estate Developers Ltd?
HB Estate Developers Ltd trades at a P/E of 13.6 on trailing twelve-month profit, at the 2026-10-01 close.
What were HB Estate Developers Ltd's latest quarterly results?
In the Jun 2026 quarter, HB Estate Developers Ltd sales was Rs 28 Cr (+16.8% vs Jun 2025) and net profit was Rs 2 Cr.
What is the 52-week high and low of HB Estate Developers Ltd?
The 52-week high is Rs 95.90 and the 52-week low is Rs 60.51.