Hemisphere Properties India Ltd
Incorporated in 2005, Hemisphere Properties is a real estate entity with the mandate to hold, manage, and monetize surplus land identified during the disinvestment of Videsh Sanchar Nigam Limited (VSNL), presently known as Tata Communications Limited (TCL). These surplus land parcels were earmarked for transfer to a separate company to ensure their optimal utilization in a transparent and structured manner.[1]
- Market Cap ₹ 3,619 Cr.
- Current Price ₹ 127
- 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 8.23 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: | -1% |
| 3 Years: | 14% |
| 1 Year: | -3% |
| 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% |
Insights
In beta| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Land Holding - Pune (Dighi/Bopkhel) Acres |
|
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| Rental Income (Revenue from Operations) INR Lakhs |
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| Total Land Holding Area Acres |
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| Number of Full-Time Employees Numbers |
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| Stamp Duty Provision for Land Mutation INR Lakhs |
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Documents
Announcements
-
Closure of Trading Window
14h - Trading window closed from April 1, 2026 until 48 hours after FY2025-26 results declared.,
-
Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015-Issuance Of Request For Proposal (RFP).
18 Feb - RFP issued 18.02.2026 for sale of land parcel at Bopkhel, Pune via e-auction; documents on company website.
-
Announcement under Regulation 30 (LODR)-Change in Directorate
17 Feb - Two directors ceased; two IAS officers appointed as directors effective 17.02.2026.
-
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.
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.