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Prices as of 9 Oct 2026 close · Not investment advice

HB Estate Developers Limited

NSE: HBESDResidential, Commercial Projects

Share price

₹74.43

+0.04% close of 9 Oct 2026

Market cap ₹171 CrP/E 13.2

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

61

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹171 Cr

P/E ratio

13.2

P/B ratio

0.9

ROCE

7.5%

ROE

6.4%

Dividend yield

0.0%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹89.8052-week low ₹57.10

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Our sales figures for this company step up at Sep 2020 and we hold nothing that says why, so we cannot honestly quote a growth rate across it.

Whether it grew faster than its sector

Our sales figures for this company step up at Sep 2020 and we hold nothing that says why, so there is no honest growth rate of its own to set against its sector.

Room to re-rate, or risk of de-rating

Too little price history yet to compare it with its own past.

Whether growth justifies the valuation

Priced at 0.3 times its growth rate, on earnings growth of 44%.

Profit growthPrice per ₹1 profitPer 1% growth
HB Estate Developers Limited — this one44%/yr13.2×₹0.30
Horizon Industrial Parks Limited-13%/yr——
Sobha Limited23%/yr54.8×₹2.4
Sri Lotus Developers and Realty Limited124%/yr44.6×—
Aditya Birla Real Estate Limited———
Signatureglobal (India) Limited37%/yr——

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Residential, Commercial Projects), it ranks 40 of 86 on returns, 23 of 80 on growth, 15 of 86 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 7.5% on capital, ahead of 53% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹174 crore of cash from the business, spent ₹13 crore on plant and equipment, and returned ₹160 crore to lenders and shareholders. It has not made a profit over 11 years.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

8 of 9 checks clear · 89%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Announced 3 Aug 2026 · Consolidated · Unaudited

Revenue

₹28 Cr

Revenue vs last year

+16.8%

Revenue vs last quarter

-15.8%

Net profit

₹2 Cr

Profit vs last year

+304.7%

Profit vs last quarter

-56.7%

Net margin

5.5%

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹171 Cr
Prev close
₹74.43
52w High
₹95.9
52w Low
₹56.9
Enterprise value
₹402 Cr
Beta
0.8
Price CAGR 1y
-12.0%
Price CAGR 3y
25.0%
Price CAGR 5y
39.0%
Price CAGR 10y
25.0%

Ratios

Return on assets
2.4%
PEG ratio
0.3
P/E ratio
13.2
P/B ratio
0.9
EV / EBITDA
9.7
Industry P/E
23.0
ROCE
7.5%
ROCE 5y average
5.8%
ROE
6.4%
Debt / Equity
1.3
Interest coverage
2.1
Dividend yield
0.0%
ROE 3y average
5.0%
ROE last year
6.0%

Annual P&L

Annual revenue
₹115 Cr
Annual profit
₹12 Cr
Operating margin
35.0%
Net profit margin
10.4%
EBITDA margin
35.7%
Sales growth 3y
6.6%
Sales growth 5y
36.8%
Profit growth 3y
44.0%
Profit growth 5y
19.0%
EPS
₹5.1
Sales growth TTM
4.0%
Profit growth TTM
25.0%
Dividend payout
0.0%

Quarter P&L

Sales latest quarter
₹28 Cr
Profit latest quarter
₹2 Cr
YoY quarterly sales growth
16.8%
YoY quarterly profit growth
305.3%
OPM latest quarter
26.9%

Balance Sheet

Book Value
₹83.9
Face Value
₹10.0
Total debt
₹258 Cr
Total cash
₹27 Cr
Borrowings
₹258 Cr
Reserves / Equity
7.4

Cash Flow

Operating cash flow
₹45 Cr
Free cash flow
₹44 Cr
FCF yield
16.4%
Net cash flow
₹9 Cr

Shareholding

Promoter holding
67.8%
FII holding
—
DII holding
0.0%
Public holding
32.2%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
DLF656.0037.71,62,3801.22793.94.11,280.3-52.96.3
Lodha Developers1,109.4026.91,10,8720.381,373.1103.44,996.743.116.4
Phoenix Mills1,845.5050.966,0090.14394.523.31,074.912.812.4
Oberoi Realty1,736.0023.863,1210.46543.529.01,300.931.717.3
Prestige Estates1,429.3054.161,5640.14271.4-19.42,675.115.910.4
Godrej Propert.1,580.2029.447,6000.63349.4-41.7506.216.57.6
Anant Raj612.1538.122,0300.16149.218.9631.46.612.1
HB Estate Devel.77.0613.81770.001.5305.327.816.87.5
Median138.9524.19620.008.526.690.714.37.6

Competes with: Anant Raj Limited, Brigade Enterprises Limited, DLF Limited, Godrej Properties, Lodha Developers Limited, Oberoi Realty, Prestige Estates Projects, The Phoenix Mills Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales24243031262731332427333328
Expenses17171819171919201719182220
Material Cost2.54
Change in Inventories0
Purchases of Stock-in-Trade0
Employee Cost6.42
Other Expenses11
Operating Profit7.187.1712138.628.4313136.548.0715117.45
OPM %30293941343141402830463327
Other Income0.220.730.380.700.710.360.320.980.400.280.360.490.41
Exceptional items (within Other Income)0
Interest6.226.297.116.495.735.585.425.094.434.304.133.633.33
Depreciation1.831.861.881.871.891.931.921.871.972.012.011.992.05
Profit before tax-0.65-0.253.065.171.711.285.747.280.542.049.465.732.48
Tax %852725113476316372838313838
Net Profit-1.21-0.931.514.520.910.494.824.580.381.276.503.551.54
EPS in Rs-0.62-0.480.782.320.470.252.482.130.180.572.831.550.67

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales6773848982245095108116115121
Expenses525762615530426369737579
Operating Profit1517212827-683239434142
OPM %2323253232-24163436373534
Other Income321211122222
Interest303127282522242526221615
Depreciation151414141414777.447.6188
Profit before tax-28-27-19-12-12-41-2237.33161820
Tax %11-26-13-14-24-26-29556473334
Net Profit-31-20-16-10-9-30-16-123.89111213
EPS in Rs-19-12-8.38-5.36-4.52-16-8.05-5.9825.035.105.62
Dividend Payout %00000000000

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
6%
5 years
37%
3 years
7%
TTM
4%

Compounded profit growth

10 years
9%
5 years
19%
3 years
44%
TTM
25%

Stock price CAGR

10 years
25%
5 years
39%
3 years
25%
1 year
-12%

Return on equity

10 years
-5%
5 years
0%
3 years
5%
Last year
6%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital1620202020202020202223
Reserves1234218200186154138126129153170
Borrowings402292287287274328347331311284258
Other Liabilities5240423639282529343839
Total Liabilities470585567543519529530505494496491
Fixed Assets418475461448435422416411406404398
CWIP00000000000
Investments62122142233322
Other Assets478985828210511191859091
Total Assets470585567543519529530505494496491

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity172293429-14342493545
Cash from Investing Activity3-106100-0-2-1-4-1
Cash from Financing Activity-201-29-38-4216-6-41-45-32-36
Net Cash Flow1102-32-3-12-29
Free Cash Flow150283326-14240462944

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days3015141411262012121421
Inventory Days9817427684607001,480778568
Days Payable8097986814057051,166394346
Cash Conversion Cycle202-41101706340404234121421
Working Capital Days-1018-53-68-107-381-170-122-294-123-106
ROCE %1133-406788

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters696969696969727270676768
FIIs0
DIIs0.010.010.010.010.010.010.020.020.010.010.010.01
Public313131313131282830333332
No. of Shareholders68,26867,72167,14066,74166,55966,62266,27066,03565,73565,48265,24165,165

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -17.1% (₹89.80 → ₹74.43)Brick size ₹5.89 (fixed)Bricks 13
₹60.00₹80.00₹74.43Nov '25Apr '26
Price moved up one brickPrice moved down one brickLast close ₹74.43 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

231inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

News

News and filings about HB Estate Developers Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • food and beverages
  • hotel stores and operating supplies (linen, room and catering supplies)

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Realty
Industry
Residential, Commercial Projects
Classification
Realty › Residential, Commercial Projects
ISIN
INE640B01021

Plants

  • Taj City Centre Gurugram · Gurugram, Haryana

News impact

Big market events that reach HB Estate Developers Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

No dividends, splits or big trades on record.

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.