Hemisphere Properties India Ltd
The company was formed as part of the disinvestment exercise carried out by the Government of India in respect of its holdings in the erstwhile VSNL (currently known as Tata Communications Limited).
The company currently owns or have access to 739.69 acres of land, transferred to our Company in terms of the Scheme of Arrangement. The Surplus Land has been transferred as a part of the overall scheme of disinvestment of the erstwhile Videsh Sanchar Nigam Limited. Upon completion of the transfer, the Company will seek to develop and/or transfer the Surplus Land in accordance with the policies of the Ministry of Housing and Urban Affairs and our management.[1]
- Market Cap ₹ 3,746 Cr.
- Current Price ₹ 131
- High / Low ₹ 191 / 109
- Stock P/E
- Book Value ₹ 15.4
- Dividend Yield 0.00 %
- ROCE -0.73 %
- ROE -1.99 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 8.51 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of -2.15% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 1 | 1 | 1 | |
| 0 | 0 | 0 | 0 | 0 | 9 | 16 | 10 | 14 | 11 | 11 | |
| Operating Profit | -0 | -0 | -0 | -0 | -0 | -9 | -16 | -8 | -13 | -10 | -10 |
| OPM % | -392% | -2,550% | -1,098% | -1,050% | |||||||
| 0 | 0 | 0 | 0 | 0 | 0 | 3 | 7 | 7 | 7 | 5 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 1 | 6 | 7 | 6 | 6 | 7 |
| Depreciation | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | -0 | -0 | -0 | -1 | -10 | -19 | -8 | -12 | -9 | -12 |
| Tax % | 0% | 0% | -13% | -25% | -26% | -20% | -19% | -20% | -19% | ||
| 0 | -0 | -0 | -0 | -1 | -7 | -15 | -6 | -10 | -8 | -11 | |
| EPS in Rs | -0.03 | -0.26 | -0.52 | -0.23 | -0.34 | -0.26 | -0.37 | ||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 23% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 14% |
| TTM: | 2% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -4% |
| 3 Years: | 10% |
| 1 Year: | -13% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -3% |
| 3 Years: | -2% |
| Last Year: | -2% |
Balance Sheet
Figures in Rs. Crores
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.05 | 0.05 | 0.05 | 0.05 | 285 | 285 | 285 | 285 | 285 | 285 | 285 |
| Reserves | -0 | -0 | -0 | -0 | -1 | 92 | 87 | 81 | 71 | 114 | 155 |
| 1 | 1 | 1 | 1 | 4 | 41 | 68 | 65 | 62 | 60 | 88 | |
| 0 | 0 | 0 | 0 | 1 | 661 | 661 | 646 | 650 | 644 | 644 | |
| Total Liabilities | 1 | 1 | 1 | 1 | 289 | 1,079 | 1,102 | 1,076 | 1,068 | 1,102 | 1,172 |
| 0 | 0 | 0 | 0 | 282 | 933 | 944 | 944 | 947 | 947 | 948 | |
| CWIP | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 1 | 1 | 1 | 0 | 6 | 145 | 158 | 132 | 122 | 155 | 225 | |
| Total Assets | 1 | 1 | 1 | 1 | 289 | 1,079 | 1,102 | 1,076 | 1,068 | 1,102 | 1,172 |
Cash Flows
Figures in Rs. Crores
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | -0 | 0 | -0 | -281 | 651 | -14 | -23 | -7 | -17 | |
| 0 | -0 | -0 | 0 | -0 | -650 | -7 | 6 | -101 | 25 | |
| 1 | 0 | -0 | -0 | 284 | 135 | 30 | -12 | -11 | 41 | |
| Net Cash Flow | 1 | -0 | -0 | -0 | 3 | 136 | 9 | -29 | -119 | 50 |
Ratios
Figures in Rs. Crores
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 33 | 21 | 24 | |||||||
| Inventory Days | ||||||||||
| Days Payable | ||||||||||
| Cash Conversion Cycle | 33 | 21 | 24 | |||||||
| Working Capital Days | -118,083 | -457,885 | -258,994 | |||||||
| ROCE % | 4% | 2% | -11% | -1% | -2% | -3% | -0% | -1% | -1% |
Documents
Announcements
-
Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Disposal Of Ongoing Litigation
2 Feb - LAC case disposed Jan 31, 2026; Hemisphere appeal allowed Jan 29, 2025.
-
Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Disposal Of Ongoing Litigation
30 Jan - Two writs on Greater Kailash land disposed by Delhi HC; judgment dated Jan 23, 2026; order received Jan 29, 2026.
-
Board Meeting Outcome for Outcome Of Board Meeting
28 Jan - Approved unaudited results; auditor flagged Rs.65,100 lakh stamp-duty liability and director/regulatory non-compliance.
-
Board Meeting Intimation for Notice Of Board Meeting
13 Jan - Board meeting Jan 28, 2026 to approve Q3 (Dec 31, 2025) unaudited standalone results.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
7 Jan - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended on December 31, 2025
Land Parcels [1]
Company has land parcels of around 740 acre across four major cities - Delhi (Greater Kailash: 69.46 acre, Chattarpur: 58 acre), Pune (524 acre), Chennai (53.04 acre) and Kolkata (35.19 acre).
Except for two land parcels (Chattarpur and Kolkata), the rest are tied up in litigation. Further, years of ignorance has led to encroachment of land parcels as well. Almost 70 per cent of the land (524 acre) is in Pune, adjacent to the Defence establishment. Developing this property may require clearances from the Ministry of Defence which may delay the execution work.