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HB Estate Developers Ltd (HBESD)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532334 NSE: HBESD Construction - Real Estate | Small Cap | HB Estate Developers Share Price
₹77.25 -0.01 (-0.01%)
As on 28-Aug'26 16:59
HB Estate Developers Ltd (HBESD)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532334 NSE: HBESD Construction - Real Estate | Small Cap | HB Estate Developers Share Price
₹77.25 -0.01 (-0.01%)
As on 28-Aug'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹177 Cr.
Current Price
₹77.3
52-Week Low / High
₹57 / 106
TTM EPS
₹5.6
TTM Sales
₹121 Cr.
Book Value per Share
₹84.9
P/E Ratio
13.80
Lower than its 3-year historical median
Industry PE
46.1
Price to Book (P/B)
0.91
Higher than its 5-year historical median
Price to Sales (P/S)
1.47
Higher than its 5-year historical median
EV/EBITDA
9.46
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
6.41%
Outperforms industry median
Return on Capital Employed (ROCE)
7.53%
Outperforms industry median
Return on Assets (ROA)
2.55%
Operating Profit Margin
34.9%
Net Profit Margin
10.01%
Gross Profit Margin
22%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-0.65%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-5.43%
Net Profit Growth (1 Year)
-
8.43%
Asset Quality
Promoter Holding
67.74%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹172 Cr.
Equity
₹23 Cr.
Face Value
₹10
All Time Low / High
₹0.70 / 152.75
Check Before You Invest
Quality
Somewhat GoodValuation
FairCheck Valuation charts
Price Trend
Semi Strong
Is HB Estate Developers Ltd a good quality company?
HB Estate Developers Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does HB Estate Developers Ltd performance compare with that of its Peers?
Revenue growth of HB Estate Developers Ltd vs industry peers?
HB Estate Developers Ltd revenue CAGR is 36.81%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of HB Estate Developers Ltd?
Promoters hold 67.74% of the HB Estate Developers Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of HB Estate Developers Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 24.2% based on the current price.
10 Year X-Ray :
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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 performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 0.8% | 1.5% | 3% | 2.7% | -3.8% | 0.4% | 5.5% | 7.1% | 8.2% | 7.5% | - |
| Value Creation Index ⓘ | -0.9 | -0.9 | -0.8 | -0.8 | -1.3 | -1.0 | -0.6 | -0.5 | -0.4 | -0.5 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 73.4 | 83.8 | 89.2 | 82.1 | 24.4 | 50.4 | 96.4 | 109 | 118 | 117 | 121 |
| Sales YoY Gr. | - | 14.1% | 6.5% | -8% | -70.3% | 106.7% | 91.2% | 13.5% | 7.6% | -0.7% | - |
| Adj EPS ⓘ | 0 | -8.4 | -5.2 | -4.3 | -15.6 | -8.3 | -5.9 | 2.1 | 5 | 5.1 | 5.6 |
| YoY Gr. | - | NA | NA | NA | NA | NA | NA | NA | 140% | 1.8% | - |
| BVPS (₹) ⓘ | 0 | 122.2 | 112.8 | 105.6 | 89 | 80.9 | 74.5 | 76.5 | 80.1 | 84.2 | 84.9 |
| Adj Net Profit ⓘ | -20.1 | -16.3 | -10.1 | -8.4 | -30.4 | -16.1 | -11.5 | 4.1 | 10.8 | 11.8 | 13 |
| Cash Flow from Ops. ⓘ | 1.8 | 28.9 | 33.5 | 28.6 | -14.1 | 2.8 | 42.4 | 48.5 | 34.7 | 45.5 | - |
| Debt/CF from Ops. ⓘ | 162.6 | 10 | 8.6 | 9.6 | -23.3 | 125.7 | 7.8 | 6.4 | 8.2 | 5.7 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 5.3% | 36.8% | 6.6% | -0.7% | ||||
| Adj EPS ⓘ | NA | NA | NA | 1.8% | ||||
| BVPSⓘ | NA | -1.1% | 4.2% | 5.2% | ||||
| Share Price | 24.2% | 43% | 24.4% | 0.2% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -11.5 | -6.6 | -4.4 | -4 | -16 | -9.7 | -7.6 | 2.8 | 6.7 | 6.4 | 6.6 |
| Op. Profit Mgn % ⓘ | 22.5 | 25.5 | 32.2 | 32.8 | -23.7 | 15.9 | 33.4 | 35.8 | 36.6 | 34.9 | 34.4 |
| Net Profit Mgn % ⓘ | -27.4 | -19.5 | -11.3 | -10.3 | -124.4 | -31.9 | -11.9 | 3.7 | 9.2 | 10.1 | 10.6 |
| Debt to Equity ⓘ | 1.3 | 1.2 | 1.3 | 1.3 | 1.9 | 2.2 | 2.3 | 2.1 | 1.7 | 1.3 | - |
| Working Cap Days ⓘ | 215 | 182 | 142 | 140 | 455 | 221 | 122 | 107 | 101 | 104 | 76 |
| Cash Conv. Cycle ⓘ | -0 | -10 | -4 | -6 | 122 | 40 | 15 | 2 | -15 | -17 | -22 |
Valuation of HB Estate Developers - Standalone
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 73 | 84 | 89 | 82 | 24 | 50 | 96 | 109 | 118 | 117 |
| Operating Expenses ⓘ + | 57 | 62 | 61 | 56 | 30 | 43 | 64 | 71 | 75 | 76 |
| Operating Profit ⓘ | 17 | 21 | 28 | 26 | -6 | 8 | 32 | 39 | 43 | 41 |
| Operating Profit Margin (%) | 22.5% | 25.4% | 31.6% | 32.1% | -23.8% | 15.7% | 33.1% | 35.5% | 36.6% | 34.8% |
| Other Income ⓘ + | 2 | 1 | 2 | 1 | 1 | 1 | 2 | 2 | 2 | 2 |
| Interest ⓘ | 31 | 27 | 28 | 25 | 22 | 24 | 25 | 26 | 22 | 16 |
| Depreciation ⓘ | 14 | 14 | 14 | 14 | 14 | 7 | 7 | 7 | 8 | 8 |
| Profit Before Tax ⓘ | -27 | -19 | -12 | -12 | -41 | -22 | 3 | 7 | 16 | 18 |
| Tax ⓘ | -7 | -3 | -2 | -3 | -11 | -6 | 14 | 3 | 5 | 6 |
| Profit After Tax | -20 | -16 | -10 | -9 | -30 | -16 | -12 | 4 | 11 | 12 |
| PAT Margin (%) | -27.3% | -19.5% | -11.7% | -10.7% | -124.0% | -31.1% | -12.1% | 3.6% | 9.2% | 10.0% |
| Adjusted EPS (₹) | 0.0 | -8.4 | -5.4 | -4.5 | -15.6 | -8.1 | -6.0 | 2.0 | 5.0 | 5.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 234 | 238 | 220 | 206 | 173 | 158 | 145 | 149 | 172 | 194 | |
| Debt + | 292 | 286 | 283 | 272 | 316 | 326 | 305 | 234 | 258 | 238 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 18 | 15 | 12 | 15 | 11 | 7 | 9 | 11 | 15 | 16 | |
| Others Liabilities ⓘ | 5 | -11 | -13 | -16 | -25 | -22 | -0 | 57 | 14 | 12 | |
| Total Liabilities ⓘ | 549 | 528 | 502 | 476 | 475 | 469 | 459 | 451 | 459 | 460 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 475 | 461 | 448 | 435 | 422 | 416 | 411 | 406 | 404 | 398 | |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Investments ⓘ | 21 | 22 | 14 | 2 | 2 | 3 | 3 | 3 | 2 | 2 | |
| Inventories | 17 | 17 | 14 | 15 | 14 | 13 | 15 | 15 | 15 | 15 | |
| Trade Receivables | 3 | 3 | 3 | 2 | 2 | 3 | 3 | 3 | 4 | 6 | |
| Cash Equivalents | 7 | 8 | 9 | 7 | 22 | 19 | 12 | 11 | 19 | 27 | |
| Others Assets ⓘ | 26 | 17 | 14 | 14 | 13 | 16 | 15 | 13 | 15 | 11 | |
| Total Assets ⓘ | 549 | 528 | 502 | 476 | 475 | 469 | 459 | 451 | 459 | 460 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 2 | 29 | 34 | 29 | -14 | 3 | 42 | 49 | 35 | 45 |
| Cash Flow From Investing Activity ⓘ + | -1 | 0 | 6 | 10 | 0 | -0 | -2 | -1 | -4 | -1 |
| Cash Flow From Financing Activity ⓘ | 1 | -29 | -38 | -42 | 16 | -6 | -41 | -45 | -32 | -36 |
| Net Proceeds from Shares ⓘ + | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 1 | 0 | 2 | -3 | 2 | -3 | -1 | 2 | -2 | 9 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -15.97 | -6.91 | -4.56 | -4.14 | -16.04 | -9.48 | -7.69 | 2.65 | 6.73 | 6.41 |
| ROCE (%) | 0.83 | 1.47 | 3.02 | 2.73 | -3.79 | 0.4 | 5.52 | 7.14 | 8.23 | 7.53 |
| Asset Turnover Ratio | 0.14 | 0.16 | 0.17 | 0.17 | 0.05 | 0.11 | 0.21 | 0.24 | 0.26 | 0.25 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 12.25 | 3.18 | 3.75 |
| Working Capital Days | ||||||||||
| Receivable Days | 21.20 | 13.70 | 13.80 | 13.10 | 31.10 | 16.30 | 11.10 | 11 | 12.30 | 17.10 |
| Inventory Days | 88.60 | 74 | 63.60 | 63.80 | 217.40 | 100 | 53.50 | 49.50 | 45.50 | 46.60 |
| Payable Days | 745.40 | 740.90 | 457 | 639.80 | 1,358.90 | 522.50 | 302.10 | 354.30 | 456.90 | 511.80 |
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Announcements
HB Estate Developers Ltd FAQs
The current trading price of HB Estate Developers on 28-Aug-2026 16:59 is ₹77.25.
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 27-Aug-2026 the market cap of HB Estate Developers stood at ₹177.4 Cr
The latest P/E ratio of HB Estate Developers as of 27-Aug-2026 is 13.80.
The latest P/B ratio of HB Estate Developers as of 27-Aug-2026 is 0.91.
The 52-week high of HB Estate Developers is ₹105.8 and the 52-week low is ₹56.85.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of HB Estate Developers is ₹121 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that HB Estate Developers Ltd is a average quality company.
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.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of HB Estate Developers Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
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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