HB Estate Devel. Share Price ₹71.6 | P/E 13.0

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of HB Estate Devel.

Quarter-by-quarter operating performance

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales +	27.70	27.80	23.93	24.38	29.73	31.36	25.64	27.41	31.41	33.23	23.76	26.73	33.46
Expenses +	17.13	18.60	16.75	17.21	18.06	18.53	17.02	18.98	18.65	19.97	17.22	18.66	18.22
Operating Profit	10.57	9.20	7.18	7.17	11.67	12.83	8.62	8.43	12.76	13.26	6.54	8.07	15.24
OPM %	38.16%	33.09%	30.00%	29.41%	39.25%	40.91%	33.62%	30.76%	40.62%	39.90%	27.53%	30.19%	45.55%
Other Income +	0.21	1.87	0.22	0.73	0.38	0.70	0.71	0.36	0.32	0.98	0.40	0.28	0.36
Interest	6.38	6.30	6.22	6.29	7.11	6.49	5.73	5.58	5.42	5.09	4.43	4.30	4.13
Depreciation	1.79	1.86	1.83	1.86	1.88	1.87	1.89	1.93	1.92	1.87	1.97	2.01	2.01
Profit before tax	2.61	2.91	-0.65	-0.25	3.06	5.17	1.71	1.28	5.74	7.28	0.54	2.04	9.46
Tax %	18.77%	492.10%	84.62%	272.00%	50.98%	12.57%	46.78%	62.50%	16.03%	37.09%	27.78%	37.75%	31.29%
Net Profit +	2.13	-11.42	-1.21	-0.93	1.51	4.52	0.91	0.49	4.82	4.58	0.38	1.27	6.50
EPS in Rs	1.09	-5.87	-0.62	-0.48	0.78	2.32	0.47	0.25	2.48	2.13	0.18	0.57	2.83

Financials of HB Estate Devel.

Annual income statement trend

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales +	43	64	67	73	84	89	82	24	50	95	108	116	117
Expenses +	42	50	52	57	62	61	55	30	42	63	69	73	74
Operating Profit	0	14	15	17	21	28	27	-6	8	32	39	43	43
OPM %	0%	21%	23%	23%	25%	32%	32%	-24%	16%	34%	36%	37%	37%
Other Income +	3	-9	3	2	1	2	1	1	1	2	2	2	2
Interest	30	31	30	31	27	28	25	22	24	25	26	22	18
Depreciation	11	15	15	14	14	14	14	14	7	7	7	8	8
Profit before tax	-39	-41	-28	-27	-19	-12	-12	-41	-22	3	7	16	19
Tax %	15%	10%	11%	-26%	-13%	-14%	-24%	-26%	-29%	556%	47%	33%
Net Profit +	-45	-45	-31	-20	-16	-10	-9	-30	-16	-12	4	11	13
EPS in Rs	-37.19	-27.93	-19.10	-12.42	-8.38	-5.36	-4.52	-15.61	-8.05	-5.98	2.00	5.03	5.71
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Financials of HB Estate Devel.

Capital structure and asset base

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	12	16	16	20	20	20	20	20	20	20	20	22	22
Reserves	51	32	1	234	218	200	186	154	138	126	129	153	157
Borrowings +	382	391	402	292	287	287	274	328	347	331	311	284	268
Other Liabilities +	43	44	52	40	42	36	39	28	25	29	34	38	39
Total Liabilities	489	482	470	585	567	543	519	529	530	505	494	496	487
Fixed Assets +	441	431	418	475	461	448	435	422	416	411	406	404	402
CWIP	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments	1	8	6	21	22	14	2	2	3	3	3	2	2
Other Assets +	47	44	47	89	85	82	82	105	111	91	85	90	83
Total Assets	489	482	470	585	567	543	519	529	530	505	494	496	487

Financials of HB Estate Devel.

Operating, investing and financing cash movement

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	-2	-29	17	2	29	34	29	-14	3	42	49	35
Cash from Investing Activity +	-15	29	3	-1	0	6	10	0	-0	-2	-1	-4
Cash from Financing Activity +	21	-1	-20	1	-29	-38	-42	16	-6	-41	-45	-32
Net Cash Flow	4	-0	1	1	0	2	-3	2	-3	-1	2	-2
Free Cash Flow	-13	-33	15	0	28	33	26	-14	2	40	46	29
CFO/OP	-1,357%	-210%	120%	8%	140%	118%	108%	283%	45%	134%	127%	80%

Financials of HB Estate Devel.

Working capital efficiency and return ratios

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	19	19	30	15	14	14	11	26	20	12	12	14
Inventory Days	1,206	852	981	742	768	460	700	1,480	778	568
Days Payable	272	450	809	798	681	405	705	1,166	394	346
Cash Conversion Cycle	953	422	202	-41	101	70	6	340	404	234	12	14
Working Capital Days	-27	-59	-101	8	-53	-68	-107	-381	-170	-122	-294	-123
ROCE %	-2%	0%	1%	1%	1%	3%	3%	-4%	0%	6%	7%	8%

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