1. India Stocks

  2. •

    Consumer services

  3. •

    Hotels/Resorts/Cruise lines
HB Estate Developers Limited

HB Estate Developers Limited

78.00
INR
+2.59
(+3.43%)
5.76EPS
13.88P/E
1.86BMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
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
Basic EPS, GAAP
-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
Free Cash Flow per Basic Share
-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
- -
Dividend per Share
0.86
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
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
- -
Tangible Book Value per Share
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
- -
Basic Weighted Avg Shares
7
10
10
19
19
19
19
19
19
19
19
20
23
22
Sales/Revenue/Turnover
430
645
680
729
833
887
815
239
499
959
1,088
1,171
1,163
1,209
Operating Margin (%)
-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
Depreciation Expense
115
149
150
144
144
142
140
136
74
72
74
76
80
81
Net Income, GAAP
-448
-451
-309
-200
-163
-104
-88
-304
-157
-116
39
108
117
129
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
554.99
46.94
32.56
34.13
34.75
Profit Margin (%)
-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
Working Capital
25
-49
68
90
-39
-70
-173
-35
-45
-193
-760
-200
-69
- -
LT Debt
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
- -
Total Equity
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
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
-29.38
4.3
6.31
6.18
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
-29.81
4.32
6.41
6.29
- -
Return on Common Equity (%)
-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
- -

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
- -
- -
1,864

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
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Praveen Gupta
Full Time Employees
306
Sector
Consumer services
Industry
Hotels/Resorts/Cruise lines
Address
Plot No. 31, Echelon Institutional Area Gurgaon HA India 122001
IPO Date
Jul 18, 2005
Website
hbestate.com
Similar Companies
Airbnb, Inc. (NASDAQ:ABNB)
Carnival Corporation Ltd. (NYSE:CCL)
Indian Hotels Co. Ltd. (NSE:INDHOTEL)
Royal Caribbean Cruises Ltd. (NYSE:RCL)
Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)
Marriott International (NASDAQ:MAR)
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.