1. India Stocks

  2. •

    Consumer services

  3. •

    Hotels/Resorts/Cruise lines
HB Estate Developers Limited

HB Estate Developers Limited

75.00
INR
-5.99
(-7.40%)
5.76EPS
13.93P/E
1.87BMarket Cap
HB Estate Developers Limited
BSE:HBESD
(Bombay Stock Exchange)

Recent

price

75.00

P/E

ratio

13.93

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
4.85
23.82
10.33
59.47
66.66
70.23
37.44
42.79
45.58
41.9
12.29
25.63
49.26
55.93
57.63
51.64
55
Revenue per Share
5.24
9.81
-9.45
-62
-46.56
-31.86
-10.3
-8.38
-5.36
-4.52
-15.61
-8.05
-5.98
2
5.31
5.19
5.85
Basic EPS, GAAP
-93.87
-101.31
-122.44
-18.12
-35.3
15.72
0.04
14.51
16.72
13.49
-7.26
0.82
20.52
23.43
14.3
19.34
- -
Free Cash Flow per Basic Share
1.67
1.67
1.67
0.86
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
152.59
160.47
191.55
129.56
132.43
282.59
261.88
122.36
112.94
105.78
89.11
81.05
74.67
76.65
81.33
84.32
- -
Book Value per Share
152.59
160.47
189.78
127.92
131.42
281.74
261.19
122.21
112.85
105.73
89.09
80.99
74.58
76.56
81.26
84.28
- -
Tangible Book Value per Share
7
7
7
7
10
10
19
19
19
19
19
19
19
19
20
23
22
Basic Weighted Avg Shares
35
172
75
430
645
680
729
833
887
815
239
499
959
1,088
1,171
1,163
1,209
Sales/Revenue/Turnover
41.39
67.79
6.37
-24.23
-1.78
33.6
3.93
8.37
16.36
15.75
-81.11
1.31
26.02
29.11
30.29
28.23
27.77
Operating Margin (%)
1
2
10
115
149
150
144
144
142
140
136
74
72
74
76
80
81
Depreciation Expense
38
71
-68
-448
-451
-309
-200
-163
-104
-88
-304
-157
-116
39
108
117
129
Net Income, GAAP
21.28
19.19
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
554.99
46.94
32.56
34.13
34.75
Effective Tax Rate (%)
108.16
41.19
-91.23
-104.25
-69.84
-45.37
-27.5
-19.58
-11.76
-10.79
-126.93
-31.43
-12.13
3.57
9.22
10.06
10.64
Profit Margin (%)
-57
-288
-245
25
-49
68
90
-39
-70
-173
-35
-45
-193
-760
-200
-69
- -
Working Capital
1,764
2,478
2,770
3,432
2,886
2,016
2,171
2,056
1,834
1,716
1,991
2,132
1,895
1,640
1,381
1,183
- -
LT Debt
1,103
1,159
1,384
936
1,282
2,736
2,536
2,381
2,198
2,058
1,734
1,577
1,453
1,492
1,745
1,936
- -
Total Equity
0.87
2.62
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-29.38
4.3
6.31
6.18
- -
Return on Invested Capital (%)
1.46
2.86
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-29.81
4.32
6.41
6.29
- -
Return on Capital (%)
3.47
6.27
-5.37
-38.61
-40.64
-15.36
-7.6
-6.63
-4.56
-4.13
-16.02
-9.47
-7.67
2.64
6.67
6.36
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
346
- -
LT Borrowings
- -
1,183
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
23
23
23
Market Capitalization
1,515
1,311
1,871

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
571
- -
Cash, Cash Equivalents & STI
- -
215
- -
Accounts Receivable, Net
- -
65
- -
Inventories
- -
153
- -
Total Current Liabilities
- -
639
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
346
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-2.95%
2.73%
10.93%
Free Cash Flow
4,265.67%
461.49%
49.92%
Net Income, GAAP
11.82%
-4.33%
8.42%
Sales/Revenue/Turnover
17.04%
44.23%
-0.67%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
256
274
314
332
1,171
2026
238
267
335
330
1,163
2027
277
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.47
0.25
2.42
2.25
5.31
2026
0.18
0.59
2.98
1.64
5.19
2027
0.67
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -
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Business
HB Estate Developers Limited (HBESD.BO), founded in 1994 and headquartered in Gurugram, India, operates as a holding company primarily engaged in the development of commercial complexes; it also owns and manages hotels and real estate properties, including the operation of the Taj City Centre hotel in Gurugram, which commenced commercial operations in 2013 under the Vivanta by Taj brand, alongside allied services such as laundry, communication, health club facilities, and airport transfers; the company plans to expand into residential complex development and maintains an associate relationship with Parsvnath HB Projects Pvt Ltd, with all related party transactions conducted on an arm's length basis. The Real Estate Division of HB Stockholdings Limited transferred to the company pursuant to a Delhi High Court-sanctioned Scheme of Arrangement; in a planned but cancelled acquisition, it agreed to purchase the investment division from HB Stockholdings for INR 55.4 million in stock; recent financial results for the quarter ending March 2025 reported a profit after tax of Rs 9.40 crore, reflecting 55.89% year-on-year growth over the prior six months, with peak net sales and operating profit in five quarters; allotment of 750,000 equity shares against warrants to non-promoters occurred in October 2025, alongside appointments of new internal and secretarial auditors in May 2025. The company focuses on the Indian market within the hotels, resorts, and real estate sectors.