HB Estate Developers Ltd - Stock Valuation and Financial Performance

BSE: 532334 | NSE: | Construction - Real Estate | Small Cap

HB Estate Developers Share Price

62.50 -0.76 -1.20%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on HB Estate Developers

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

HB Estate Developers stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
123.1 Cr.
52-wk low:
27.8
52-wk high:
76.4

Is HB Estate Developers Ltd an attractive stock to invest in?

1. Is HB Estate Developers Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that HB Estate Developers Ltd is a below average quality company.

2. Is HB Estate Developers Ltd undervalued or overvalued?

The key valuation ratios of HB Estate Developers Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is HB Estate Developers Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of HB Estate Developers Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of HB Estate Developers:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
HB Estate Developers Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -5.4%-3.7%-2.3%0.3%0.4%1.8%1.8%-3%0.2%1.1%-
Value Creation
Index
-1.4-1.3-1.2-1.0-1.0-0.9-0.9-1.2-1.0-0.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 4364.56873.483.889.282.124.450.496.4106
Sales YoY Gr.-50.2%5.4%8%14.1%6.5%-8%-70.3%106.7%91.2%-
Adj EPS -37.7-23.5-19.30-8.4-5.2-4.3-15.6-8.3-6-6.2
YoY Gr.-NANANANANANANANANA-
BVPS (₹) 52.629.710.60122.2112.8105.68980.974.574.2
Adj Net
Profit
-45.4-37.9-31.1-20.1-16.3-10.1-8.4-30.4-16.1-11.6-12
Cash Flow from Ops. -2.5-29.117.31.828.933.528.6-14.12.842.4-
Debt/CF from Ops. -144-10.718.6162.6108.69.6-23.3125.77.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 9.4%2.9%5.5%91.2%
Adj EPS NANANANA
BVPS4%-9.4%-11%-7.9%
Share Price 17.2% 28.3% 78.6% 82.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-39.1-34.2-27.6-11.5-6.6-4.4-4-16-9.7-7.6-8.3
Op. Profit
Mgn %
2.32122.522.525.532.232.8-23.715.933.233.3
Net Profit
Mgn %
-105.6-58.8-45.7-27.4-19.5-11.3-10.3-124.4-31.9-12-11.4
Debt to
Equity
3.82.43.31.31.21.31.31.92.22.3-
Working Cap
Days
34422521321518214214045522112275
Cash Conv.
Cycle
17477420-10-4-71244015-36

Recent Performance Summary

Sales growth is good in last 4 quarters at 33.21%

Return on Equity is Poor

Sales growth has been subdued in last 3 years 5.53%

Debt to equity has increased versus last 3 years average to 2.28

Latest Financials - HB Estate Developers Ltd.

Standalone Consolidated
TTM EPS (₹) -6.2 -6.2
TTM Sales (₹ Cr.) 106 106
BVPS (₹.) 74.2 74.2
Reserves (₹ Cr.) 125 125
P/BV 0.85 0.85
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 27.84 / 76.39
All Time Low / High (₹) 0.70 / 152.75
Market Cap (₹ Cr.) 123
Equity (₹ Cr.) 19.5
Face Value (₹) 10
Industry PE 76.3

Management X-Ray of HB Estate Developers:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of HB Estate Developers

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales43656873848982245096
Operating Expenses 42615357626156304364
Manufacturing Costs1315151416151481217
Material Costs687881184610
Employee Cost 13151618202020121518
Other Costs 92315171915147920
Operating Profit 131517212826-6832
Operating Profit Margin (%) 2.3%5.1%22.5%22.5%25.4%31.6%32.1%-23.8%15.7%33.1%
Other Income 2222121112
Interest 30313131272825222425
Depreciation 111515141414141477
Exceptional Items 0000000000
Profit Before Tax -39-41-28-27-19-12-12-41-223
Tax 643-7-3-2-3-11-614
Profit After Tax -45-45-31-20-16-10-9-30-16-12
PAT Margin (%) -104.0%-69.8%-45.3%-27.3%-19.5%-11.7%-10.7%-124.0%-31.1%-12.1%
Adjusted EPS (₹)-37.2-27.9-19.10.0-8.4-5.4-4.5-15.6-8.1-6.0
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 9412897234238220206173158145
Share Capital 4296960202020202020
Reserves 51321234218200186154138126
Minority Interest0000000000
Debt352298301292286283272316326305
Long Term Debt343289292282271268257301318295
Short Term Debt9991015151515810
Trade Payables51016181512151179
Others Liabilities 3847575-11-13-16-25-220
Total Liabilities 489482471549528502476475469459

Fixed Assets

Gross Block454459461489489490492492491493
Accumulated Depreciation13284314284356707682
Net Fixed Assets441431418475461448435422416411
CWIP 0000000000
Investments 1862122142233
Inventories21181917171415141315
Trade Receivables2363332233
Cash Equivalents 6567897221912
Others Assets18171626171414131615
Total Assets 489482471549528502476475469459

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -2-29172293429-14342
PBT -39-41-28-27-19-12-12-41-223
Adjustment 32554443404239353030
Changes in Working Capital 5-422-14941-11-411
Tax Paid -1-1-10-1002-1-1
Cash Flow From Investing Activity -15293-1061000-2
Capex -11-4-2-20-1-20-1-3
Net Investments 227200712000
Others -6630100011
Cash Flow From Financing Activity 21-1-201-29-38-4216-6-41
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 00016-12-16-202014-26
Interest Paid -23-31-31-25-23-22-22-21-22-22
Dividend Paid -1000000000
Others 443011105001728
Net Cash Flow 401102-32-3-1
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-52.25-81.01-94.74-15.97-6.91-4.56-4.14-16.04-9.48-7.69
ROCE (%)-1.9-2.250.650.831.473.022.73-3.790.45.52
Asset Turnover Ratio0.090.130.140.140.160.170.170.050.110.21
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days15162421141413311611
Inventory Days1891111008974646421710054
Payable Days2113346557457414576401,359522302

HB Estate Developers Ltd Stock News

HB Estate Developers Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of HB Estate Developers on 28-Mar-2024 16:01 is ₹62.50.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of HB Estate Developers stood at ₹123.1.
The latest P/E ratio of HB Estate Developers as of 28-Mar-2024 16:01 is 0.00.
The latest P/B ratio of HB Estate Developers as of 28-Mar-2024 16:01 is 0.85.
The 52-week high of HB Estate Developers is ₹76.39 and the 52-week low is ₹27.84.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of HB Estate Developers is ₹105.8 ( Cr.) .

About HB Estate Developers Ltd

HB Estate Developers was initially incorporated on September 20, 1994 under the name of HB Housing & Development Corporation with the main object of development of commercial and residential complexes. The name of the company was subsequently changed on  January 23, 1996 to HB Estate Developers.

Pursuant to a Scheme of Arrangement sanctioned by the Delhi High Court the Real Estate Division of HB Stockholdings Limited (formerly HB Portfolio Leasing Limited) was transferred to and vested in the Company.

Using non-public information to trade in securities of the company, or providing a family member, friend or any other person with a 'tip', is illegal. All non-public information should be considered inside information and should never be used for personal gain.

The Board of Directors of the company has already put in place a Code of Conduct for Prevention of Insider Trading, copies of which have been circulated/distributed to all applicable employees, officers and directors. Accordingly all the Officers, employees and directors shall continue to adhere and follow the provisions of the said Code as amended by the Board from time to time.

Business area of the company:

The Company is primarily engaged in the development of commercial complexes. The Company is also planning to enter into development of residential complexes.

Projects undertaken by the company:

  • HB Grandeur
  • HB Twin Towers
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