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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

₹73.02 0.31 (0.43%)

As on 04-Jun'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

₹73.02 0.31 (0.43%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹168 Cr.
Current Price
₹73
52-Week Low / High
₹57 / 111
TTM EPS
₹5.1
TTM Sales
₹117 Cr.
Book Value per Share
₹84.2
P/E Ratio
14.32
Lower than its 3-year historical median
Industry PE
42.8
Price to Book (P/B)
0.87
Higher than its 5-year historical median
Price to Sales (P/S)
1.43
Higher than its 5-year historical median
EV/EBITDA
9.44
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
6.73%
Outperforms industry median
Return on Capital Employed (ROCE)
8.23%
Outperforms industry median
Return on Assets (ROA)
2.37%
Operating Profit Margin
36.6%
Net Profit Margin
9.17%
Gross Profit Margin
20.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
7.59%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
10.84%
Net Profit Growth (1 Year)
-
177.38%
Asset Quality
Promoter Holding
67.41%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹170 Cr.
Equity
₹23 Cr.
Face Value
₹10
All Time Low / High
₹0.70 / 152.75

HB Estate Developers stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 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.

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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.

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How does HB Estate Developers Ltd performance compare with that of its Peers?
Q.1 Revenue growth of HB Estate Developers Ltd vs industry peers?
HB Estate Developers Ltd revenue CAGR is 7.48%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of HB Estate Developers Ltd?
Promoters hold 67.41% of the HB Estate Developers Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of HB Estate Developers Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 25.8% based on the current price.
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10 Year X-Ray : Login to view analysis.

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 performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % ⓘ0.7%0.8%1.5%3%2.7%-3.8%0.4%5.5%7.1%8.2%-
Value Creation
Index ⓘ		-1.0-0.9-0.9-0.8-0.8-1.3-1.0-0.6-0.5-0.4-

Growth Parameters ⓘ
Sales ⓘ6873.483.889.282.124.450.496.4109118117
Sales YoY Gr.-8%14.1%6.5%-8%-70.3%106.7%91.2%13.5%7.6%-
Adj EPS ⓘ-19.30-8.4-5.2-4.3-15.6-8.3-5.92.155.1
YoY Gr.-NANANANANANANANA140%-
BVPS (₹) ⓘ10.60122.2112.8105.68980.974.576.580.184.2
Adj Net
Profit ⓘ		-31.1-20.1-16.3-10.1-8.4-30.4-16.1-11.54.110.812
Cash Flow from Ops. ⓘ17.31.828.933.528.6-14.12.842.448.534.7-
Debt/CF from Ops. ⓘ18.6162.6108.69.6-23.3125.77.86.48.2-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ6.3%7.5%32.7%7.6%
Adj EPS ⓘNANANA140%
BVPSⓘ25.2%-5.4%-0.4%4.6%
Share Price 24% 48.9% 35.2% -24.2%

Key Financial Parameters ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		-27.6-11.5-6.6-4.4-4-16-9.7-7.62.86.76.2
Op. Profit
Mgn % ⓘ		22.522.525.532.232.8-23.715.933.435.836.634.8
Net Profit
Mgn % ⓘ		-45.7-27.4-19.5-11.3-10.3-124.4-31.9-11.93.79.210
Debt to
Equity ⓘ		3.31.31.21.31.31.92.22.32.11.71.2
Working Cap
Days ⓘ		21321518214214045522112210710176
Cash Conv.
Cycle ⓘ		42-0-10-4-712440152-14-22

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales6873848982245096109118
Operating Expenses ⓘ + 53576261563043647175
Manufacturing Costs1514161514812172020
Material Costs78811846101010
Employee Cost 16182020201215182022
Other Costs ⓘ 151719151479202122
Operating Profit ⓘ 1517212826-68323943
Operating Profit Margin (%) 22.5%22.5%25.4%31.6%32.1%-23.8%15.7%33.1%35.5%36.6%
Other Income ⓘ + 2212111222
Exceptional Items ⓘ 0000000000
Interest ⓘ 31312728252224252622
Depreciation ⓘ 1514141414147778
Profit Before Tax ⓘ -28-27-19-12-12-41-223716
Tax ⓘ 3-7-3-2-3-11-61435
Profit After Tax -31-20-16-10-9-30-16-12411
PAT Margin (%) -45.3%-27.3%-19.5%-11.7%-10.7%-124.0%-31.1%-12.1%3.6%9.2%
Adjusted EPS (₹)-19.10.0-8.4-5.4-4.5-15.6-8.1-6.02.05.0
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of HB Estate Developers - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 97234238220206173158145149172
Share Capital ⓘ 9602020202020202022
Reserves ⓘ 1234218200186154138126129150
Debt +301292286283272316326305234258
Long Term Debt292282271268257301318295219243
Short Term Debt910151515158101515
Minority Interest0000000000
Trade Payables161815121511791115
Others Liabilities ⓘ 575-11-13-16-25-22-05714
Total Liabilities ⓘ 471549528502476475469459451459

Fixed Assets

Net Fixed Assets ⓘ +418475461448435422416411406404
Gross Block461489489490492492491493495501
Accumulated Depreciation43142843567076828997
CWIP ⓘ 0000000000
Investments ⓘ 6212214223332
Inventories19171714151413151515
Trade Receivables6333223334
Cash Equivalents 678972219121119
Others Assets ⓘ 16261714141316151315
Total Assets ⓘ 471549528502476475469459451459

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + 172293429-143424935
PBT ⓘ -28-27-19-12-12-41-223716
Adjustment ⓘ 44434042393530303227
Changes in Working Capital ⓘ 2-14941-11-41111-9
Tax Paid ⓘ -10-10-02-1-1-10
Cash Flow From Investing Activity ⓘ + 3-106100-0-2-1-4
Capex -2-2-0-1-2-0-1-3-3-6
Net Investments 20071200011
Others ⓘ 3010001111
Cash Flow From Financing Activity ⓘ -201-29-38-4216-6-41-45-32
Net Proceeds from Shares ⓘ + 0000000000
Net Proceeds from Borrowing ⓘ 016-12-16-202014-26-27-29
Interest Paid ⓘ -31-25-23-22-22-21-22-22-24-18
Dividend Paid ⓘ 0000000000
Others ⓘ 11105-001728614
Net Cash Flow ⓘ 1102-32-3-12-2

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-94.74-15.97-6.91-4.56-4.14-16.04-9.48-7.692.656.73
ROCE (%)0.650.831.473.022.73-3.790.45.527.148.23
Asset Turnover Ratio0.140.140.160.170.170.050.110.210.240.26
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/AN/AN/A12.253.18
Working Capital Days
Receivable Days23.9021.2013.7013.8013.1031.1016.3011.101112.20
Inventory Days99.9088.607463.6063.80217.4010053.5049.5045.50
Payable Days655745.40740.90457639.801,358.90522.50302.10354.30455.50

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

HB Estate Developers Ltd FAQs

The current trading price of HB Estate Developers on 04-Jun-2026 16:59 is ₹73.02.

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 03-Jun-2026 the market cap of HB Estate Developers stood at ₹167.7 Cr

The latest P/E ratio of HB Estate Developers as of 03-Jun-2026 is 14.32.

The latest P/B ratio of HB Estate Developers as of 03-Jun-2026 is 0.87.

The 52-week high of HB Estate Developers is ₹110.9 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 ₹117 ( 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 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.

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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