About
HB Estate Developers Limited engages in owning and managing hotels and real estate properties in India. The company operates the Taj City Centre hotel in Gurugram. It also provides other allied services, including laundry, communication, health club, and airport transfers services. In addition, the company develops commercial complexes. The company was formerly known as HB Housing & Development Corporation Limited and changed its name to HB Estate Developers Limited in January 1996. HB Estate Developers Limited was incorporated in 1994 and is based in Gurugram, India.
Key Metrics
as of Sep 2026Market Cap172 Cr
P/E13.40
Div Yield0.00 %
Book Value₹84.30
52w High₹106.00
52w Low₹56.80
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 27.75 | 32.97 | 33.46 | 26.73 | 23.76 | 33.23 | 31.41 | 27.41 | 25.64 | 31.36 | 29.73 | 24.38 | 23.93 |
| Expenses | 20.30 | 22.11 | 18.22 | 18.66 | 17.22 | 19.97 | 18.65 | 18.98 | 17.02 | 18.53 | 18.06 | 17.21 | 16.75 |
| Operating Profit | 7.45 | 10.86 | 15.24 | 8.07 | 6.54 | 13.26 | 12.76 | 8.43 | 8.62 | 12.83 | 11.67 | 7.17 | 7.18 |
| OPM % | 26.85 | 32.94 | 45.55 | 30.19 | 27.53 | 39.90 | 40.62 | 30.76 | 33.62 | 40.91 | 39.25 | 29.41 | 30.00 |
| Other Income | 0.41 | 0.49 | 0.36 | 0.28 | 0.40 | 0.98 | 0.32 | 0.36 | 0.71 | 0.70 | 0.38 | 0.73 | 0.22 |
| Depreciation | 2.05 | 1.99 | 2.01 | 2.01 | 1.97 | 1.87 | 1.92 | 1.93 | 1.89 | 1.87 | 1.88 | 1.86 | 1.83 |
| Interest | 3.33 | 3.63 | 4.13 | 4.30 | 4.43 | 5.09 | 5.42 | 5.58 | 5.73 | 6.49 | 7.11 | 6.29 | 6.22 |
| Profit before tax | 2.48 | 5.73 | 9.46 | 2.04 | 0.54 | 7.28 | 5.74 | 1.28 | 1.71 | 5.17 | 3.06 | -0.25 | -0.65 |
| Tax % | 37.90 | 38.05 | 31.29 | 37.75 | 27.78 | 37.09 | 16.03 | 62.50 | 46.78 | 12.57 | 50.98 | 272.00 | 84.62 |
| Net Profit | 1.54 | 3.55 | 6.50 | 1.27 | 0.38 | 4.58 | 4.82 | 0.49 | 0.91 | 4.52 | 1.51 | -0.93 | -1.21 |
| EPS in Rs | 0.67 | 1.55 | 2.83 | 0.57 | 0.18 | 2.13 | 2.48 | 0.25 | 0.47 | 2.32 | 0.78 | -0.48 | -0.62 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 115.00 | 116.00 | 108.00 | 95.00 | 50.00 | 24.00 | 82.00 | 89.00 | 84.00 | 73.00 | 67.00 | 64.00 |
| Expenses | 75.00 | 73.00 | 69.00 | 63.00 | 42.00 | 30.00 | 55.00 | 61.00 | 62.00 | 57.00 | 52.00 | 50.00 |
| Operating Profit | 41.00 | 43.00 | 39.00 | 32.00 | 8.00 | -6.00 | 27.00 | 28.00 | 21.00 | 17.00 | 15.00 | 14.00 |
| OPM % | 35.00 | 37.00 | 36.00 | 34.00 | 16.00 | -24.00 | 32.00 | 32.00 | 25.00 | 23.00 | 23.00 | 21.00 |
| Other Income | 2.00 | 2.00 | 2.00 | 2.00 | 1.00 | 1.00 | 1.00 | 2.00 | 1.00 | 2.00 | 3.00 | -9.00 |
| Interest | 16.00 | 22.00 | 26.00 | 25.00 | 24.00 | 22.00 | 25.00 | 28.00 | 27.00 | 31.00 | 30.00 | 31.00 |
| Depreciation | 8.00 | 8.00 | 7.00 | 7.00 | 7.00 | 14.00 | 14.00 | 14.00 | 14.00 | 14.00 | 15.00 | 15.00 |
| Profit before tax | 18.00 | 16.00 | 7.00 | 3.00 | -22.00 | -41.00 | -12.00 | -12.00 | -19.00 | -27.00 | -28.00 | -41.00 |
| Tax % | 34.00 | 33.00 | 47.00 | 556.00 | -29.00 | -26.00 | -24.00 | -14.00 | -13.00 | -26.00 | 11.00 | 10.00 |
| Net Profit | 12.00 | 11.00 | 4.00 | -12.00 | -16.00 | -30.00 | -9.00 | -10.00 | -16.00 | -20.00 | -31.00 | -45.00 |
| EPS in Rs | 5.10 | 5.03 | 2.00 | -5.98 | -8.05 | -15.61 | -4.52 | -5.36 | -8.38 | -12.42 | -19.10 | -27.93 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 23.00 | 22.00 | 20.00 | 20.00 | 20.00 | 20.00 | 20.00 | 20.00 | 20.00 | 20.00 | 16.00 | 16.00 |
| Reserves | 170.00 | 153.00 | 129.00 | 126.00 | 138.00 | 154.00 | 186.00 | 200.00 | 218.00 | 234.00 | 1.00 | 32.00 |
| Borrowings | 258.00 | 284.00 | 311.00 | 331.00 | 347.00 | 328.00 | 274.00 | 287.00 | 287.00 | 292.00 | 402.00 | 391.00 |
| Other Liabilities | 39.00 | 38.00 | 34.00 | 29.00 | 25.00 | 28.00 | 39.00 | 36.00 | 42.00 | 40.00 | 52.00 | 44.00 |
| Total Liabilities | 491.00 | 496.00 | 494.00 | 505.00 | 530.00 | 529.00 | 519.00 | 543.00 | 567.00 | 585.00 | 470.00 | 482.00 |
| Fixed Assets | 398.00 | 404.00 | 406.00 | 411.00 | 416.00 | 422.00 | 435.00 | 448.00 | 461.00 | 475.00 | 418.00 | 431.00 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 2.00 | 2.00 | 3.00 | 3.00 | 3.00 | 2.00 | 2.00 | 14.00 | 22.00 | 21.00 | 6.00 | 8.00 |
| Other Assets | 91.00 | 90.00 | 85.00 | 91.00 | 111.00 | 105.00 | 82.00 | 82.00 | 85.00 | 89.00 | 47.00 | 44.00 |
| Total Assets | 491.00 | 496.00 | 494.00 | 505.00 | 530.00 | 529.00 | 519.00 | 543.00 | 567.00 | 585.00 | 470.00 | 482.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 45.00 | 35.00 | 49.00 | 42.00 | 3.00 | -14.00 | 29.00 | 34.00 | 29.00 | 2.00 | 17.00 | -29.00 |
| Cash from Investing Activity | -1.00 | -4.00 | -1.00 | -2.00 | 0.00 | 0.00 | 10.00 | 6.00 | 0.00 | -1.00 | 3.00 | 29.00 |
| Cash from Financing Activity | -36.00 | -32.00 | -45.00 | -41.00 | -6.00 | 16.00 | -42.00 | -38.00 | -29.00 | 1.00 | -20.00 | -1.00 |
| Net Cash Flow | 9.00 | -2.00 | 2.00 | -1.00 | -3.00 | 2.00 | -3.00 | 2.00 | 0.00 | 1.00 | 1.00 | 0.00 |
| Free Cash Flow | 44.00 | 29.00 | 46.00 | 40.00 | 2.00 | -14.00 | 26.00 | 33.00 | 28.00 | 0.00 | 15.00 | -33.00 |
| CFO/OP % | 108.00 | 80.00 | 127.00 | 134.00 | 45.00 | 283.00 | 108.00 | 118.00 | 140.00 | 8.00 | 120.00 | -210.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 21.00 | 14.00 | 12.00 | 12.00 | 20.00 | 26.00 | 11.00 | 14.00 | 14.00 | 15.00 | 30.00 | 19.00 |
| Inventory Days | — | — | — | 568.00 | 778.00 | 1,480.00 | 700.00 | 460.00 | 768.00 | 742.00 | 981.00 | 852.00 |
| Days Payable | — | — | — | 346.00 | 394.00 | 1,166.00 | 705.00 | 405.00 | 681.00 | 798.00 | 809.00 | 450.00 |
| Cash Conversion Cycle | 21.00 | 14.00 | 12.00 | 234.00 | 404.00 | 340.00 | 6.00 | 70.00 | 101.00 | -41.00 | 202.00 | 422.00 |
| Working Capital Days | -106.00 | -123.00 | -294.00 | -122.00 | -170.00 | -381.00 | -107.00 | -68.00 | -53.00 | 8.00 | -101.00 | -59.00 |
| ROCE % | 8.00 | 8.00 | 7.00 | 6.00 | 0.00 | -4.00 | 3.00 | 3.00 | 1.00 | 1.00 | 1.00 | 0.00 |
Corporate Actions
9 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Other | 13 Mar 2018 | 14 Mar 2018 | — | — | Reduction of Capital |
| Dividend | 13 Nov 2013 | — | — | 0.50 | |
| Dividend | 06 Sep 2012 | — | — | 1.00 | |
| Dividend | 29 Aug 2011 | — | — | 1.00 | |
| Dividend | 21 Sep 2010 | — | — | 1.00 | |
| Dividend | 04 Aug 2009 | — | — | 1.00 | |
| Dividend | 27 Aug 2008 | — | — | 1.00 | |
| Dividend | 17 Aug 2007 | — | — | 1.00 | |
| Other | 09 Feb 2001 | — | — | — | General |