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HB Estate Developers (HBESD)₹76.17−0.13%Residential, Commercial Projects
In the Jun 2026 quarter (consolidated), HB Estate Developers reported sales of ₹27.76 Cr, up 16.8% from Jun 2025, and net profit of ₹1.55 Cr, up 297.4% year on year. For the year to Mar 2026, sales were ₹117 Cr and net profit ₹12.02 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 24.40 | 29.76 | 31.35 | 25.65 | 27.43 | 31.42 | 33.26 | 23.77 | 26.72 | 33.50 | 32.96 | 27.76 |
| Expenses | 17.22 | 18.05 | 18.54 | 17.01 | 18.97 | 18.64 | 19.98 | 17.21 | 18.65 | 18.23 | 22.12 | 20.29 |
| Operating Profit | 7.18 | 11.69 | 12.85 | 8.63 | 8.44 | 12.77 | 13.28 | 6.55 | 8.09 | 15.27 | 10.88 | 7.46 |
| OPM % | 29.4% | 39.3% | 40.9% | 33.6% | 30.8% | 40.7% | 39.9% | 27.6% | 30.2% | 45.6% | 33.0% | 26.9% |
| Other Income | 0.72 | 0.37 | 0.69 | 0.70 | 0.35 | 0.31 | 0.97 | 0.39 | 0.27 | 0.35 | 0.48 | 0.40 |
| Interest | 6.28 | 7.10 | 6.48 | 5.72 | 5.57 | 5.41 | 5.08 | 4.42 | 4.29 | 4.12 | 3.62 | 3.32 |
| Depreciation | 1.87 | 1.89 | 1.88 | 1.90 | 1.94 | 1.93 | 1.88 | 1.98 | 2.02 | 2.02 | 2.00 | 2.06 |
| Profit before tax | −0.24 | 3.05 | 5.16 | 1.70 | 1.29 | 5.75 | 7.27 | 0.55 | 2.05 | 9.47 | 5.74 | 2.49 |
| Tax % | 272.0% | 51.0% | 12.6% | 46.8% | 62.5% | 16.0% | 37.1% | 27.8% | 37.8% | 31.3% | 38.1% | 37.9% |
| Net Profit | −0.94 | 1.52 | 4.53 | 0.92 | 0.50 | 4.83 | 4.59 | 0.39 | 1.28 | 6.51 | 3.56 | 1.55 |
| EPS (Rs) | −0.47 | 0.77 | 2.33 | 0.46 | 0.24 | 2.47 | 2.14 | 0.17 | 0.58 | 2.82 | 1.56 | 0.66 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 67.05 | 73.04 | 84.02 | 89.04 | 82.05 | 24.03 | 49.99 | 95.07 | 108 | 116 | 117 | 121 |
| Expenses | 52.04 | 56.99 | 62.02 | 61.04 | 55.05 | 29.99 | 41.99 | 63.04 | 69.03 | 73.05 | 76.01 | 79.29 |
| Operating Profit | 15.02 | 17.02 | 21.02 | 28.05 | 27.03 | −6.01 | 8.01 | 32.06 | 39.06 | 43.05 | 41.08 | 41.70 |
| OPM % | 23.0% | 23.0% | 25.0% | 32.0% | 32.0% | −24.0% | 16.0% | 34.0% | 36.0% | 37.0% | 35.0% | 34.5% |
| Other Income | 2.99 | 1.99 | 0.99 | 1.99 | 0.99 | 0.99 | 0.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.50 |
| Interest | 29.96 | 30.95 | 26.94 | 27.97 | 24.98 | 21.95 | 23.95 | 24.97 | 25.95 | 21.96 | 15.99 | 15.35 |
| Depreciation | 15.06 | 14.05 | 14.05 | 14.03 | 14.05 | 14.04 | 7.02 | 7.03 | 7.03 | 8.02 | 8.03 | 8.10 |
| Profit before tax | −28.02 | −27.01 | −19.02 | −12.01 | −12.01 | −40.98 | −22.02 | 3.01 | 6.99 | 15.99 | 18.01 | 19.75 |
| Tax % | 11.0% | −26.0% | −13.0% | −14.0% | −24.0% | −26.0% | −29.0% | 556.0% | 47.0% | 33.0% | 34.0% | — |
| Exceptional items | 0.37 | 0.11 | 0.03 | −0.02 | −0.32 | 0.00 | −0.10 | 0.32 | −0.13 | 0.00 | 0.00 | — |
| Net Profit | −31.04 | −20.04 | −16.04 | −10.02 | −9.02 | −30.07 | −16.03 | −12.03 | 4.01 | 11.02 | 12.02 | 12.90 |
| EPS (Rs) | −19.09 | −12.41 | −8.39 | −5.37 | −4.53 | −15.62 | −8.04 | −5.97 | 2.01 | 5.04 | 5.11 | 5.62 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 16.05 | 20.01 | 20.04 | 20.06 | 20.02 | 20.05 | 20.05 | 20.05 | 20.02 | 22.05 | 23.01 |
| Reserves | 1.01 | 235 | 219 | 201 | 187 | 155 | 139 | 127 | 130 | 154 | 171 |
| Borrowings | 403 | 292 | 288 | 288 | 274 | 329 | 348 | 332 | 312 | 285 | 258 |
| Other Liabilities | 52.25 | 40.20 | 42.20 | 36.17 | 39.19 | 28.13 | 25.11 | 29.13 | 34.16 | 38.18 | 39.18 |
| Total Liabilities | 472 | 586 | 569 | 545 | 520 | 531 | 532 | 507 | 495 | 497 | 492 |
| Fixed Assets | 420 | 476 | 463 | 450 | 436 | 424 | 418 | 413 | 407 | 405 | 399 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 6.02 | 21.05 | 22.05 | 14.03 | 2.01 | 2.01 | 3.01 | 3.01 | 3.01 | 2.01 | 2.01 |
| Other Assets | 46.98 | 89.03 | 85.01 | 82.03 | 81.92 | 105 | 111 | 91.01 | 85.02 | 89.96 | 90.95 |
| Inventories | 18.91 | 16.68 | 17.24 | 13.84 | 14.81 | 14.22 | 13.39 | 14.86 | 14.79 | 14.49 | 15.32 |
| Trade receivables | 5.52 | 3.03 | 3.27 | 3.47 | 2.41 | 1.75 | 2.78 | 3.10 | 3.47 | 4.39 | 6.51 |
| Cash & equivalents | 5.79 | 7.39 | 8.24 | 9.48 | 6.80 | 21.86 | 18.76 | 12.52 | 11.29 | 19.16 | 26.80 |
| Total Assets | 472 | 586 | 569 | 545 | 520 | 531 | 532 | 507 | 495 | 497 | 492 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 16.99 | 1.99 | 28.99 | 33.94 | 28.95 | −13.99 | 2.99 | 41.94 | 48.95 | 34.94 | 44.93 |
| Cash from investing activity | 2.99 | −0.99 | 0.00 | 5.99 | 9.99 | 0.00 | 0.00 | −1.99 | −0.99 | −3.99 | −0.99 |
| Cash from financing activity | −20.01 | 1.01 | −29.02 | −38.01 | −41.97 | 16.01 | −6.01 | −41.02 | −44.98 | −32.01 | −35.98 |
| Net cash flow | 1.01 | 1.01 | 0.00 | 2.01 | −3.01 | 2.01 | −3.01 | −1.01 | 2.01 | −2.01 | 9.02 |
| Capex | 0.00 | 1.72 | 0.64 | 0.98 | 2.34 | 0.03 | 1.15 | 2.50 | 2.90 | 5.65 | 1.90 |
| Free cash flow | 15.05 | 0.00 | 28.09 | 33.10 | 26.05 | −14.04 | 2.01 | 40.11 | 46.14 | 29.06 | 44.07 |
| CFO / OP % | 120.0% | 8.0% | 140.0% | 118.0% | 108.0% | 283.0% | 45.0% | 134.0% | 127.0% | 80.0% | 108.0% |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 30 | 15 | 14 | 14 | 11 | 26 | 20 | 12 | 12 | 14 | 20 |
| Inventory days | 982 | 743 | 769 | 461 | 701 | 1,481 | 779 | 569 | — | — | 501 |
| Days payable | 808 | 797 | 680 | 404 | 704 | 1,165 | 393 | 345 | — | — | 532 |
| Cash conversion cycle | 202 | −41 | 101 | 70 | 6 | 340 | 404 | 234 | 12 | 14 | −13 |
| Working capital days | −102 | 7 | −54 | −69 | −108 | −382 | −171 | −123 | −295 | −124 | −106 |
| ROCE % | — | 1.0% | 1.0% | 3.0% | 3.0% | −4.0% | 0.0% | 6.0% | 7.1% | 8.1% | 8.1% |
For the Jun 2026 quarter, HB Estate Developers reported sales of ₹27.76 Cr, up 16.8% year on year and net profit of ₹1.55 Cr, up 297.4% year on year. The operating margin was 26.9%.
HB Estate Developers' sales for the year to Mar 2026 were ₹117 Cr; over the last twelve months they were ₹121 Cr.
Net profit for the year to Mar 2026 was ₹12.02 Cr, and ₹12.90 Cr over the last twelve months. Earnings per share over the same trailing period were ₹5.62.
HB Estate Developers reported borrowings of ₹258 Cr at Mar 2026, against cash and equivalents of ₹26.80 Cr.
Cash from operations was ₹44.93 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹44.07 Cr.