HB Estate Developers Limited

Realty · Realty

NSE: HBESD BSE: 532334

₹71.63

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Realty

The largest companies in the same industry by market cap. This company ranks #75 of 164. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
DLF Limited	166,836	44.2	9.7%	-6.7%	1.19%	83	49	85
Lodha Developers Limited	113,397	34.1	14.6%	-0.4%	0.37%	76	42	32
The Phoenix Mills Limited	69,203	237.4	10.9%	23.7%	0.13%	71	12	84
Oberoi Realty Limited	64,201	29.6	12.2%	10.7%	0.45%	71	57	31
Prestige Estates Projects Limited	63,830	352.0	7.8%	-3.9%	0.14%	38	22	65
Godrej Properties Limited	49,055	138.8	9.5%	-19.8%	—	56	35	26
Anant Raj Limited	21,553	68.2	9.6%	-14.3%	0.17%	65	24	32
Brigade Enterprises Limited	18,762	45.1	9.6%	-35.8%	0.35%	60	35	13
HB Estate Developers Limited (this stock)	164	12.4	6.0%	—	—	32	97	74

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹409 Cr

EV / EBITDA

9.5x

EV / Sales

3.38x

Market cap / Sales

1.36x

Earnings yield

8.07%

Quarterly Financials

Download CSV

Standalone Consolidated

↑ Positive

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 28 Cr, up 16.5% YoY.

↑ Positive

Quarterly Net Profit

Jun 2026 quarterly net profit is Rs 2 Cr, up 302.6% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	28	2	2	₹0.6700
March 31, 2026	33	6	4	₹1.5400
Dec. 31, 2025	33	9	7	₹2.9800
Sept. 30, 2025	27	2	1	₹0.5900
June 30, 2025	24	1	0	₹0.1800
March 31, 2025	33	7	5	₹2.2500
Dec. 31, 2024	31	6	5	₹2.4200
Sept. 30, 2024	27	1	0	₹0.2500
June 30, 2024	26	2	1	₹0.4600
March 31, 2024	31	5	5	₹2.3200
Dec. 31, 2023	30	3	2	₹0.7700
Sept. 30, 2023	24	-0	-1	₹-0.4800
June 30, 2023	24	-1	-1	₹-0.6200

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23
Total income (before exceptional items)	28	33	34	27	24	34	32	28	26	32	30	25	24
Operating revenue	28	33	33	27	24	33	31	27	26	31	30	24	24
Other income	0	0	0	0	0	1	0	0	1	1	0	1	0
Operating expenses	20	22	18	19	17	20	19	19	17	19	18	17	17
Operating profit	7	11	15	8	7	13	13	8	9	13	12	7	7
Operating profit margin	26.9%	32.9%	45.6%	30.2%	27.5%	39.9%	40.6%	30.8%	33.6%	40.9%	39.2%	29.4%	30.0%
Depreciation	2	2	2	2	2	2	2	2	2	2	2	2	2
Interest	3	4	4	4	4	5	5	6	6	6	7	6	6
Exceptional items, gain / (loss)	—	—	—	—	—	—	—	—	—	—	—	—	—
Profit before tax	2	6	9	2	1	7	6	1	2	5	3	-0	-1
Tax	1	2	3	1	0	3	1	1	1	1	2	1	1
Net profit	2	4	7	1	0	5	5	0	1	5	2	-1	-1
EPS	0.67	1.54	2.98	0.59	0.18	2.25	2.42	0.25	0.46	2.32	0.77	-0.48	-0.62
Net profit (TTM)	13	12	13	11	10	11	11	7	6	4	-12	-11	-12
EPS (TTM)	5.78	5.29	6.00	5.44	5.10	5.38	5.45	3.80	3.07	1.99	-6.20	-5.88	-5.94

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Total income (before exceptional items)	6.1%	36.3%	118^†	120^†	111^†	99^†	52^†	25^†	83^†	91^†	86^†	75^†
Operating revenue	6.6%	36.8%	117^†	118^†	109^†	96^†	50^†	24^†	82^†	89^†	84^†	73^†
Other income	—	—	2^†	2^†	2^†	3^†	2^†	1^†	1^†	2^†	2^†	1^†
Operating expenses	—	—	76^†	75^†	71^†	65^†	43^†	30^†	56^†	61^†	63^†	33^†
Operating profit	8.7%	—	41^†	43^†	39^†	32^†	8^†	-6^†	26^†	28^†	20^†	41^†
Operating profit margin	—	—	34.8%^†	36.6%^†	35.5%^†	32.8%^†	15.5%^†	-23.8%^†	32.1%^†	31.6%^†	24.5%^†	55.3%^†
Depreciation	—	—	8^†	8^†	7^†	7^†	7^†	14^†	14^†	14^†	14^†	14^†
Interest	—	—	16^†	22^†	26^†	25^†	24^†	22^†	25^†	28^†	31^†	30^†
Exceptional items, gain / (loss)	—	—	0^†	0^†	0^†	0^†	0^†	0^†	0^†	0^†	0^†	0^†
Profit before tax	90.9%	—	18^†	16^†	7^†	3^†	-22^†	-41^†	-12^†	-12^†	-23^†	-27^†
Tax	—	—	6^†	5^†	3^†	14^†	-6^†	-11^†	-3^†	-2^†	-3^†	4^†
Net profit	—	—	12^†	11^†	4^†	-12^†	-16^†	-30^†	-9^†	-10^†	-21^†	-31^†
EPS	—	—	5.29^†	5.38^†	1.99^†	-5.98^†	-8.06^†	-15.61^†	-4.52^†	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Operating margin	34.8%^†	36.6%^†	35.5%^†	32.8%^†	15.5%^†	-23.8%^†	32.1%^†	31.6%^†	24.5%^†	55.3%^†
EBIT margin	29.3%^†	32.1%^†	30.6%^†	28.1%^†	4.0%^†	-76.2%^†	16.4%^†	17.5%^†	9.4%^†	5.0%^†
PBT margin	15.2%^†	13.6%^†	6.7%^†	2.6%^†	-43.6%^†	-168.3%^†	-14.0%^†	-13.6%^†	-27.5%^†	-36.3%^†
Net margin	10.0%^†	9.2%^†	3.6%^†	-12.1%^†	-31.1%^†	-124.5%^†	-10.7%^†	-11.7%^†	-24.5%^†	-42.0%^†
Interest coverage	2.08x^†	1.73x^†	1.28x^†	1.10x^†	0.08x^†	-0.83x^†	0.54x^†	0.56x^†	0.25x^†	0.12x^†
Dividend payout	—	—	—	—	—	—	—	—	—	—
Earnings retention	—	—	—	—	—	—	—	—	—	—
Current ratio	0.89x	0.71x	—	—	—	—	—	—	—	—
Quick ratio	0.65x	0.50x	—	—	—	—	—	—	—	—
Debt to equity	1.33x	1.63x	—	—	—	—	—	—	—	—
Return on equity	6.0%^†	6.2%^†	—	—	—	—	—	—	—	—
Return on assets	2.4%^†	2.2%^†	—	—	—	—	—	—	—	—
Return on capital employed	8.0%^†	8.8%^†	—	—	—	—	—	—	—	—
Asset turnover	0.24x^†	0.24x^†	—	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	45	-1	-36	2	44
March 31, 2025	35	-4	-32	6	29

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	491	194	170	35	223	57	64	13	398	15
March 31, 2025	496	175	153	41	243	49	69	5	404	15

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.