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Housing Development & Infrastructure Ltd. Stock Analysis

Small Cap
Evaluated by 4559 users | BSE: 532873 | NSE: HDIL |
Construction - Real Estate
Housing Development and Infrastructure (HDIL), a real estate development company, was established in 1996. Its business activity comprises of construction and development of residential projects, commercial, retail and slum rehabilitation projects. It is also engaged in construction of special...

Analysis of Financial Track Record

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.
Housing Development & Infrastructure Ltd. has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 9.75%10.42%5.68%6.3%4.6%3.87%4.65%2.9%2.14%1.75%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 1,4921,8219209817711,0051,168711388584
Y-o-Y Gr. Rt.-22.1%-49.5%6.6%-21.4%30.4%16.2%-39.2%-45.5%50.6%
Adjusted EPS (Rs.) 16.8121.639.0510.875.845.48.193.942.22.12
Y-o-Y Gr. Rt.-28.7%-58.2%20.1%-46.3%-7.5%51.7%-51.9%-44.2%-3.6%
Book Value per Share (Rs.) 196.18225.97239.53243248.81254.29262.42260.84263.06256.68
Adjusted Net Profit 60389837945624522634317195.396.2
Net Op. Cash Flow (Rs. Cr.) -909-1,5351,3425191,042499397158374-145
Debt to Cash Flow from Ops -4.46-2.732.796.062.344.425.0812.484.56-10.35
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Housing Development & Infrastructure Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -9.9%-5.4%-20.7%50.6%
Adjusted EPS -20.6%-18.3%-36.3%-3.6%
Book Value per Share 30.6-0.7-2.4
Share Price -28.9% -43.5% -57.5% 160.5%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 10.4110.723.854.512.382.153.171.530.840.83
Operating Profit Margin (%) 77.1184.6893.04103.1278.3261.2955.0267.6582.4251.01
Net Profit Margin (%) 40.4349.341.2146.4631.7722.5129.3624.0524.5816.48
Debt to Equity 0.580.450.370.310.230.210.180.170.150.13
Working Capital Days 2,4332,5795,9235,6617,1765,3744,5837,53014,0459,404
Cash Conversion Cycle 1,5641,6962,4013,4864,8903,6213,21617,51012,4387,476
Entity Percentage Holding
Promoters 41.85%
Institutions 17.30%
Non-Institutions 40.86%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of Housing Development & Infrastructure Ltd. and arrived at the following conclusion:

Past 10 year's financial track record indicates that Housing Development & Infrastructure Ltd. is a below average quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of Housing Development & Infrastructure Ltd.'s performance infers:

Housing Development & Infrastructure Ltd. earnings have declined by -18.3%, whereas share price has depreciated -43.5% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Housing Development & Infrastructure Ltd. share prices over the last 10 years. Here is what we found out:

Housing Development & Infrastructure Ltd. share price has depreciated -33.5% annually over the past ten years.

Housing Development and Infrastructure (HDIL), a real estate development company, was established in 1996. Its business activity comprises of construction and development of residential projects, commercial, retail and slum rehabilitation projects. It is also engaged in construction of special economic zone (SEZ).

HDIL has established itself as one of India’s premier real estate development companies, with significant operations in the Mumbai

Housing Development and Infrastructure (HDIL), a real estate development company, was established in 1996. Its business activity comprises of construction and development of residential projects, commercial, retail and slum rehabilitation projects. It is also engaged in construction of special economic zone (SEZ).

HDIL has established itself as one of India’s premier real estate development companies, with significant operations in the Mumbai Metropolitan Region. It is a public listed real estate company in India with shares traded on the BSE & NSE Stock Exchanges. HDIL group has completed more than 100 million sq.ft of construction in all verticals of real estate and has rehabilitated around 30,000 families in last one decade.

With operations spanning every aspect of the real estate business, from residential, commercial and retail projects, to slum rehabilitation to land development, the company was ranked as India’s fastest growing real estate company by Construction World-NICMAR in October 2007. Its residential projects range from apartment complexes to towers to townships. Its commercial projects comprise premium office spaces as well as multiplex cinemas. In retail, it focus on building world-class shopping malls.

Projects

Residential Projects HDIL is engaged into construction of various residential plots in mumbai such as Dheeraj apartments (Jogeshwari), Grande (Bandra), Carmichael Road ( Bandra) are among others.

Commercial Projects The company has also commercial property such as IT Park (Bandup), Worli Commercial property (Dadar, Mumbai), Versowa Property ( Andheri, Mumbai),Township projects( Vasaiand Virar, Mumbai), are among others.

Retail Projects It has also ventured into construction of retail property such as Dreams The Mall and Bhandup, Harmony retail mall, Jogeshwari. HDIL has entered into multiplexes business under the brand name BROADWAY. It has launched 3 multiplexes in Vasai and it will soon open multiplexes in Kandivli and Bhandup.

Infrastructure projects It has big projects like Multi product SEZ in Virar and Vasai SEZ, near Mumbai and Mumbai Airport Slum Rehabilitation in Mumbai.

To diversify its business activities, HDIL has also entered into exploration of oil fields for production and refining of oil.

Milestones

  • HDIL got listed on BSE and NSE on 24 July 2007.
  • HDIL was awarded rehabilitation of approximately 85,000 slum dwellers under expansion and modernization of Mumbai airport from MIAL (Mumbai International Airport)
  • HDIL was short listed for prestigious Dharavi Slum Rehabilitation projects after technical evaluations in September 2007. The project is expected to generate close to Rs 25,000 crore in revenue for the Maharashtra government.

Subsidiaries of the company

  • Privilege Power and Infrastructure
  • HDIL Entertainment
  • HDIL Infra Projects
  • HDIL Oil & Gas, Blue Star Realtors
  • Ravijyot Finance and Leasing
  • HDIL Leisure
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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