Hemisphere Properties India Ltd

Hemisphere Prop Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Hemisphere Properties India Ltd

₹ 196 -2.47%
19 Apr - close price
hpil.co.in BSE: 543242 NSE : HEMIPROP
About

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]

Key Points

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.

Website BSE NSE
  • Market Cap ₹ 5,576 Cr.
  • Current Price ₹ 196
  • High / Low ₹ 265 / 89.0
  • Stock P/E
  • Book Value ₹ 12.7
  • Dividend Yield 0.00 %
  • ROCE -0.30 %
  • ROE -1.75 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 15.4 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of -2.68% 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.

Peer comparison

Sector: Realty Industry: Construction

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
0.00 0.00 0.00 0.00 0.00 0.00 1.68 0.00 0.09 0.24 0.12 0.13 0.13
0.20 7.18 1.45 3.75 1.29 9.27 2.65 2.05 2.21 2.93 2.22 2.31 2.24
Operating Profit -0.20 -7.18 -1.45 -3.75 -1.29 -9.27 -0.97 -2.05 -2.12 -2.69 -2.10 -2.18 -2.11
OPM % -57.74% -2,355.56% -1,120.83% -1,750.00% -1,676.92% -1,623.08%
0.02 0.29 0.30 0.26 1.45 1.15 1.21 1.58 1.87 1.87 1.95 1.93 1.95
Interest 0.06 1.12 1.20 1.39 1.79 1.45 1.68 1.70 1.71 1.60 1.61 1.63 1.64
Depreciation 0.21 0.21 0.21 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax -0.45 -8.22 -2.56 -4.88 -1.63 -9.57 -1.44 -2.17 -1.96 -2.42 -1.76 -1.88 -1.80
Tax % 26.67% 26.03% 25.78% -10.45% 0.00% 39.50% 0.00% 0.00% 0.00% 63.64% 0.00% 0.00% 0.00%
-0.33 -6.08 -1.89 -5.40 -1.63 -5.79 -1.45 -2.18 -1.96 -0.89 -1.77 -1.88 -1.81
EPS in Rs -0.01 -0.21 -0.07 -0.19 -0.06 -0.20 -0.05 -0.08 -0.07 -0.03 -0.06 -0.07 -0.06
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.00 0.62
0.01 0.02 0.02 0.12 0.20 9.13 15.95 9.83 9.70
Operating Profit -0.01 -0.02 -0.02 -0.12 -0.20 -9.13 -15.95 -7.83 -9.08
OPM % -391.50% -1,464.52%
0.06 0.06 0.04 0.02 0.10 0.37 3.16 6.53 7.70
Interest 0.05 0.05 0.05 0.05 0.24 1.32 5.84 6.69 6.48
Depreciation 0.00 0.00 0.00 0.00 0.68 0.00 0.01 0.02 0.00
Profit before tax 0.00 -0.01 -0.03 -0.15 -1.02 -10.08 -18.64 -8.01 -7.86
Tax % 0.00% 0.00% 13.33% 25.49% 26.09% 20.28% 19.23%
0.00 -0.01 -0.03 -0.13 -0.76 -7.45 -14.86 -6.47 -6.35
EPS in Rs -0.03 -0.26 -0.52 -0.23 -0.22
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -65%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 44%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 15%
1 Year: 116%
Return on Equity
10 Years: %
5 Years: %
3 Years: -3%
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 Sep 2023
Equity Capital 0.05 0.05 0.05 0.05 285.00 285.00 285.00 285.00 285.00
Reserves -0.04 -0.05 -0.08 -0.21 -0.92 91.63 87.34 80.87 77.22
1.00 1.00 1.00 1.00 3.91 41.00 68.03 64.99 66.13
0.33 0.16 0.39 0.31 1.17 660.95 661.42 645.57 647.89
Total Liabilities 1.34 1.16 1.36 1.15 289.16 1,078.58 1,101.79 1,076.43 1,076.24
0.00 0.00 0.00 0.00 282.10 933.12 943.59 944.26 944.25
CWIP 0.21 0.39 0.71 0.73 0.73 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1.13 0.77 0.65 0.42 6.33 145.46 158.20 132.17 131.99
Total Assets 1.34 1.16 1.36 1.15 289.16 1,078.58 1,101.79 1,076.43 1,076.24

Cash Flows

Figures in Rs. Crores

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0.09 -0.20 0.17 -0.21 -281.37 650.76 -13.74 -22.96
0.00 -0.18 -0.32 0.00 -0.06 -649.92 -7.32 5.84
1.01 0.01 -0.01 -0.05 284.31 135.04 30.29 -11.80
Net Cash Flow 1.10 -0.37 -0.16 -0.26 2.88 135.89 9.23 -28.92

Ratios

Figures in Rs. Crores

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 32.85
Inventory Days
Days Payable
Cash Conversion Cycle 32.85
Working Capital Days -116,987.98
ROCE % 3.98% 2.03% -11.05% -0.54% -2.48% -2.98% -0.30%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
51.12% 51.12% 51.12% 51.12% 51.12% 51.12% 51.12% 51.12% 51.12% 51.12% 51.12% 51.12%
4.10% 4.15% 4.06% 1.65% 1.37% 1.29% 1.30% 1.32% 1.12% 0.62% 0.72% 1.14%
0.73% 0.73% 0.70% 0.70% 0.34% 0.34% 0.32% 0.32% 0.32% 0.35% 0.35% 0.33%
44.05% 43.99% 44.12% 46.53% 47.17% 47.24% 47.25% 47.25% 47.46% 47.91% 47.79% 47.41%
No. of Shareholders 1,09,5481,13,5681,17,4761,35,8211,31,5251,31,0931,29,1811,26,3131,23,1241,21,0451,23,6241,40,776

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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