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HB Estate Developers

HBESD NSE
₹75.00 No trade today
P/E
13.35
View as Markdown
MCP
Close 4 Nov 2026 ₹75.00 −8.82 −10.5% 1Y
Start ₹83.82

Key Fundamentals

MicrocapRealtyConsumer Discretionary

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
7.54%
Debt to Equity
1.34
EPS (TTM)
₹5.62
Book Value
₹84.21
Market Cap
—
P/E (TTM)
13.35
P/B
0.89
ROE
6.37%
Dividend Yield
0.00%
EBITDA
₹42.20 Cr
52W High
₹95.90
52W Low
₹56.85
Volume
0

Peer Comparison

Consumer Discretionary › Realty › Residential Commercial Projects › Residential, Commercial Projects

HB Estate Developers peer comparison
₹720.0039.02₹1,76,861 Cr3.911.13%9.50%6.32%₹6,375 Cr₹4,567 Cr
₹1,122.0027.17₹1,09,477 Cr4.510.40%15.50%16.40%₹18,181 Cr₹4,129 Cr
₹2,079.5058.10₹73,757 Cr8.170.12%11.00%12.40%₹4,545 Cr₹1,629 Cr
₹1,580.0059.74₹67,457 Cr4.180.13%7.53%10.40%₹13,053 Cr₹1,265 Cr
₹1,710.9023.64₹61,958 Cr3.260.24%14.60%17.30%₹6,214 Cr₹2,632 Cr
₹1,739.0032.73₹51,392 Cr2.710.60%8.82%7.63%₹5,203 Cr₹1,591 Cr
₹541.1025.40₹17,553 Cr2.470.38%10.50%10.50%₹5,532 Cr₹784 Cr
HB Estate Developers (this company)
₹75.0013.35₹178 Cr0.890.00%6.37%7.54%₹121 Cr₹13 Cr
Median 8 companies₹1,351.0029.95₹64,707 Cr3.590.31%10.00%10.45%₹5,873 Cr₹1,610 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company. 1 company is not shown because they are not listed on an exchange we cover.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

56 Good

Data confidence 100/100

Category scores

Quality
63
Good
Returns, margins, earnings quality 22% weight
Valuation
64
Good
Cheap vs sector & own history 24% weight
Growth
49
Average
Sales & profit trajectory 9% weight
Financial Health
26
Poor
Solvency, leverage, coverage 9% weight
Momentum
64
Good
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Stock is trading at 0.91 times its book value
  • Company has delivered good profit growth of 19.0% CAGR over last 5 years

Weaknesses

3
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 5.28% over last 3 years.
  • Company might be capitalizing the interest cost

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish865
OscillatorsBearish261
Moving AveragesStrong Bearish604

Key readings

RSI (14)
49.67
Neutral
MACD (12,26,9)
0.27
Bearish
SMA (50)
74.35
Bullish
SMA (200)
72.76
Bullish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+5.55%
5Y+36.80%
3Y+6.58%
1Y−0.86%
TTM+4.40%

Net profit

Net profit growth by window
10YTurned to profit
5YTurned to profit
3YTurned to profit
1Y+9.09%
TTM+25.22%

Operating cash flow

Operating cash flow growth by window
10Y+10.22%
5YTurned positive
3Y+2.33%
1Y+28.57%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+13.26 pp
5Y+60.65 pp
3Y+1.97 pp
1Y−1.42 pp
TTM−0.97 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹73.00 Cr
Mar 2018₹84.00 Cr
Mar 2019₹89.00 Cr
Mar 2020₹82.00 Cr
Mar 2021₹24.00 Cr
Mar 2022₹50.00 Cr
Mar 2023₹95.00 Cr
Mar 2024₹108 Cr
Mar 2025₹116 Cr
Mar 2026₹115 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017−₹20.00 Cr
Mar 2018−₹16.00 Cr
Mar 2019−₹10.00 Cr
Mar 2020−₹9.00 Cr
Mar 2021−₹30.00 Cr
Mar 2022−₹16.00 Cr
Mar 2023−₹12.00 Cr
Mar 2024₹4.00 Cr
Mar 2025₹11.00 Cr
Mar 2026₹12.00 Cr

Quarterly Results

₹ Cr
532334 quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
23.93
24.38
29.73
31.36
25.64
27.41
31.41
33.23
23.76
26.73
33.46
32.97
27.75
Expenses
16.75
17.21
18.06
18.53
17.02
18.98
18.65
19.97
17.22
18.66
18.22
22.11
20.3
Operating Profit
7.18
7.17
11.67
12.83
8.62
8.43
12.76
13.26
6.54
8.07
15.24
10.86
7.45
OPM %
30%
29.41%
39.25%
40.91%
33.62%
30.76%
40.62%
39.9%
27.53%
30.19%
45.55%
32.94%
26.85%
Other Income
0.22
0.73
0.38
0.7
0.71
0.36
0.32
0.98
0.4
0.28
0.36
0.49
0.41
Interest
6.22
6.29
7.11
6.49
5.73
5.58
5.42
5.09
4.43
4.3
4.13
3.63
3.33
Depreciation
1.83
1.86
1.88
1.87
1.89
1.93
1.92
1.87
1.97
2.01
2.01
1.99
2.05
PBT
−0.65
−0.25
3.06
5.17
1.71
1.28
5.74
7.28
0.54
2.04
9.46
5.73
2.48
Tax %
84.62%
272%
50.98%
12.57%
46.78%
62.5%
16.03%
37.09%
27.78%
37.75%
31.29%
38.05%
37.9%
Net Profit
−1.21
−0.93
1.51
4.52
0.91
0.49
4.82
4.58
0.38
1.27
6.5
3.55
1.54
EPS (₹)
−0.62
−0.48
0.78
2.32
0.47
0.25
2.48
2.13
0.18
0.57
2.83
1.55
0.67

Profit & Loss

₹ Cr
532334 profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
64
67
73
84
89
82
24
50
95
108
116
115
121
Expenses
50
52
57
62
61
55
30
42
63
69
73
75
79
Operating Profit
14
15
17
21
28
27
−6
8
32
39
43
41
42
OPM %
21%
23%
23%
25%
32%
32%
−24%
16%
34%
36%
37%
35%
34%
Other Income
−9
3
2
1
2
1
1
1
2
2
2
2
2
Interest
31
30
31
27
28
25
22
24
25
26
22
16
15
Depreciation
15
15
14
14
14
14
14
7
7
7
8
8
8
PBT
−41
−28
−27
−19
−12
−12
−41
−22
3
7
16
18
20
Tax %
10%
11%
−26%
−13%
−14%
−24%
−26%
−29%
556%
47%
33%
34%
—
Net Profit
−45
−31
−20
−16
−10
−9
−30
−16
−12
4
11
12
13
EPS (₹)
−27.93
−19.1
−12.42
−8.38
−5.36
−4.52
−15.61
−8.05
−5.98
2
5.03
5.1
5.62
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
532334 balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
16
16
20
20
20
20
20
20
20
20
22
23
Reserves
32
1
234
218
200
186
154
138
126
129
153
170
Borrowings
391
402
292
287
287
274
328
347
331
311
284
258
Other Liabilities
44
52
40
42
36
39
28
25
29
34
38
39
Total Liabilities
482
470
585
567
543
519
529
530
505
494
496
491
Fixed Assets
431
418
475
461
448
435
422
416
411
406
404
398
CWIP
0
0
0
0
0
0
0
0
0
0
0
0
Investments
8
6
21
22
14
2
2
3
3
3
2
2
Other Assets
44
47
89
85
82
82
105
111
91
85
90
91
Total Assets
482
470
585
567
543
519
529
530
505
494
496
491

Cash Flow

₹ Cr
532334 cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
−29
17
2
29
34
29
−14
3
42
49
35
45
Investing
29
3
−1
0
6
10
0
0
−2
−1
−4
−1
Financing
−1
−20
1
−29
−38
−42
16
−6
−41
−45
−32
−36
Net Cash Flow
0
1
1
0
2
−3
2
−3
−1
2
−2
9
Free Cash Flow
−33
15
0
28
33
26
−14
2
40
46
29
44
CFO/OP
−210
120
8
140
118
108
283
45
134
127
80
108

Ratios

532334 financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
19
30
15
14
14
11
26
20
12
12
14
21
Inventory Days
852
981
742
768
460
700
1,480
778
568
—
—
—
Days Payable
450
809
798
681
405
705
1,166
394
346
—
—
—
Cash Conversion Cycle
422
202
−41
101
70
6
340
404
234
12
14
21
Working Capital Days
−59
−101
8
−53
−68
−107
−381
−170
−122
−294
−123
−106
ROCE %
0%
1%
1%
1%
3%
3%
−4%
0%
6%
7%
8%
8%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view HB Estate Developers insights

58 extracted metrics across FY15–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 67.75%
  • Public 20.31%
  • Others 11.92%
  • DIIs 0.02%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about HB Estate Developers

What does HB Estate Developers Ltd do?
Incorporated in 1994, HB Estate Developers Ltd is engaged in the business of owning and managing hotels and real estate properties.
Where is HB Estate Developers Ltd (HBESD) listed?
HB Estate Developers Ltd trades as HBESD on the NSE and under code 532334 on the BSE.
Which sector does HB Estate Developers Ltd belong to?
HB Estate Developers Ltd is classified under the Realty sector, in the Residential Commercial Projects industry.
What is the PE ratio of HB Estate Developers Ltd?
HB Estate Developers Ltd trades at a PE ratio of 13.35 as of 4 Nov 2026, on earnings per share of ₹5.62, against a book value of ₹84.21 per share.
What is the 52-week high and low of HB Estate Developers Ltd?
Over the last 52 weeks HB Estate Developers Ltd has traded between ₹56.85 and ₹95.9 as of 4 Nov 2026.
What is the Return on Equity (ROE) of HB Estate Developers Ltd?
HB Estate Developers Ltd reported a return on equity of 6.37%. Its debt-to-equity ratio is 1.34.

Company Information

Incorporated in 1994, HB Estate Developers Ltd is engaged in the business of owning and managing hotels and real estate properties.

Website hbestate.com
Listed 5 Jul 2002
Face Value ₹10

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