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 ₹ 4,872 Cr.
- Current Price ₹ 171
- High / Low ₹ 265 / 140
- Stock P/E
- Book Value ₹ 12.4
- Dividend Yield 0.00 %
- ROCE -1.37 %
- ROE -2.72 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 27.0 to 21.1 days.
Cons
- Stock is trading at 13.8 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of -2.82% 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
Part of BSE Allcap Nifty Total Market BSE SmallCap Nifty Microcap 250 BSE Services
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 1 | 1 | |
| 0 | 0 | 0 | 0 | 0 | 9 | 16 | 10 | 14 | 14 | |
| Operating Profit | -0 | -0 | -0 | -0 | -0 | -9 | -16 | -8 | -13 | -14 |
| OPM % | -392% | -2,550% | -1,959% | |||||||
| 0 | 0 | 0 | 0 | 0 | 0 | 3 | 7 | 7 | 7 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 1 | 6 | 7 | 6 | 6 |
| Depreciation | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | -0 | -0 | -0 | -1 | -10 | -19 | -8 | -12 | -13 |
| Tax % | 0% | 0% | -13% | -25% | -26% | -20% | -19% | -20% | ||
| 0 | -0 | -0 | -0 | -1 | -7 | -15 | -6 | -10 | -10 | |
| EPS in Rs | -0.03 | -0.26 | -0.52 | -0.23 | -0.34 | -0.35 | ||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 19% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -12% |
| TTM: | -59% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 9% |
| 1 Year: | 21% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -3% |
| 3 Years: | -3% |
| Last Year: | -3% |
Balance Sheet
Figures in Rs. Crores
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.05 | 0.05 | 0.05 | 0.05 | 285 | 285 | 285 | 285 | 285 | 285 |
| Reserves | -0 | -0 | -0 | -0 | -1 | 92 | 87 | 81 | 71 | 67 |
| 1 | 1 | 1 | 1 | 4 | 41 | 68 | 65 | 62 | 64 | |
| 0 | 0 | 0 | 0 | 1 | 661 | 661 | 646 | 650 | 645 | |
| Total Liabilities | 1 | 1 | 1 | 1 | 289 | 1,079 | 1,102 | 1,076 | 1,068 | 1,060 |
| 0 | 0 | 0 | 0 | 282 | 933 | 944 | 944 | 947 | 947 | |
| CWIP | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 1 | 1 | 1 | 0 | 6 | 145 | 158 | 132 | 122 | 114 | |
| Total Assets | 1 | 1 | 1 | 1 | 289 | 1,079 | 1,102 | 1,076 | 1,068 | 1,060 |
Cash Flows
Figures in Rs. Crores
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| 0 | -0 | 0 | -0 | -281 | 651 | -14 | -23 | -7 | |
| 0 | -0 | -0 | 0 | -0 | -650 | -7 | 6 | -101 | |
| 1 | 0 | -0 | -0 | 284 | 135 | 30 | -12 | -11 | |
| Net Cash Flow | 1 | -0 | -0 | -0 | 3 | 136 | 9 | -29 | -119 |
Ratios
Figures in Rs. Crores
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 33 | 21 | |||||||
| Inventory Days | |||||||||
| Days Payable | |||||||||
| Cash Conversion Cycle | 33 | 21 | |||||||
| Working Capital Days | -116,988 | -453,674 | |||||||
| ROCE % | 4% | 2% | -11% | -1% | -2% | -3% | -0% | -1% |
Documents
Announcements
-
Intimation Regarding Issuance Of Request For Proposal For Sale Of Land Parcels At Bopkhel,Pune Maharashtra.
2d - Issuance of RFP for land sale in Pune.
-
Announcement under Regulation 30 (LODR)-Cessation
29 Nov - Cessation of Independent Director Dr. Sunita Chandra.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
14 Nov - Newspaper advertisement for the Financial Results (standalone) of the Company for the period ended on September 30, 2024, published on Wednesday i.e November 13, 2024 …
-
Board Meeting Outcome for Outcome Of Board Meeting
11 Nov - Board approved un-audited financial results for Q2 2024.
-
Board Meeting Intimation for Notice Of Board Meeting
2 Nov - Notice of Board Meeting to approve financial results.
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.