Housing & Urban Development Corporation Ltd

Housing & Urban Development Corporation Ltd

₹ 281 -0.44%
21 Jun - close price
About

Housing & Urban Development Corporation Ltd is primarily engaged in the business of financing housing and urban development activities in the country.[1]

Key Points

Ratios 9MFY24
Yield on Loans - 9.32%
Cost of Funds - 7.7%
Net Interest Margin - 3.18%[1]
Gross NPA - 3.14%
Net NPA - 0.44%[2]

  • Market Cap 56,263 Cr.
  • Current Price 281
  • High / Low 300 / 56.9
  • Stock P/E 26.6
  • Book Value 83.0
  • Dividend Yield 1.37 %
  • ROCE 9.24 %
  • ROE 13.2 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 41.8%

Cons

  • Stock is trading at 3.39 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 6.87% over past five years.
  • Company has a low return on equity of 12.4% over last 3 years.
  • Company might be capitalizing the interest cost

* 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: Finance Industry: Finance - Housing

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Revenue 1,759 1,790 1,737 1,700 1,727 1,749 1,739 1,710 1,852 1,843 1,865 2,013 2,065
Interest 1,158 1,145 1,150 1,141 1,097 1,117 1,109 1,132 1,150 1,191 1,217 1,313 1,240
-146 108 97 304 -399 85 103 245 -155 60 55 12 8
Financing Profit 747 537 490 254 1,029 547 527 333 857 592 593 688 817
Financing Margin % 42% 30% 28% 15% 60% 31% 30% 19% 46% 32% 32% 34% 40%
18 8 9 9 17 8 8 10 10 9 16 10 129
Depreciation 2 1 2 2 3 3 3 3 3 2 2 2 2
Profit before tax 764 544 497 262 1,043 553 532 340 864 598 606 696 943
Tax % 31% 26% 25% 26% 28% 26% 26% 25% 26% 25% 26% 25% 26%
526 405 370 195 747 412 396 254 639 446 452 519 700
EPS in Rs 2.63 2.02 1.85 0.97 3.73 2.06 1.98 1.27 3.19 2.23 2.26 2.59 3.50
Gross NPA %
Net NPA %
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Revenue 2,886 2,978 3,383 3,270 3,536 4,228 5,584 7,567 7,267 6,986 7,082 7,784
Interest 1,567 1,702 1,775 1,908 1,986 2,295 3,071 4,848 4,765 4,533 4,507 4,961
309 192 477 319 468 526 652 544 277 111 279 134
Financing Profit 1,010 1,084 1,131 1,044 1,082 1,408 1,861 2,176 2,225 2,342 2,296 2,689
Financing Margin % 35% 36% 33% 32% 31% 33% 33% 29% 31% 34% 32% 35%
56 25 44 37 98 6 7 4 11 11 4 164
Depreciation 5 4 5 5 5 5 5 6 7 8 11 10
Profit before tax 1,061 1,105 1,170 1,076 1,175 1,408 1,863 2,174 2,229 2,346 2,289 2,843
Tax % 34% 34% 34% 27% 28% 28% 37% 21% 29% 27% 26% 26%
700 734 768 783 842 1,010 1,180 1,708 1,578 1,716 1,701 2,117
EPS in Rs 349.51 366.64 383.80 3.91 4.21 5.04 5.89 8.53 7.89 8.57 8.50 10.57
Dividend Payout % 21% 14% 13% 13% 13% 11% 14% 36% 28% 41% 45% 39%
Compounded Sales Growth
10 Years: 10%
5 Years: 7%
3 Years: 2%
TTM: 10%
Compounded Profit Growth
10 Years: 11%
5 Years: 12%
3 Years: 10%
TTM: 24%
Stock Price CAGR
10 Years: %
5 Years: 49%
3 Years: 73%
1 Year: 387%
Return on Equity
10 Years: 12%
5 Years: 13%
3 Years: 12%
Last Year: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 2,002 2,002 2,002 2,002 2,002 2,002 2,002 2,002 2,002 2,002 2,002 2,002
Reserves 4,513 5,130 5,779 6,444 7,166 7,940 8,953 10,340 11,186 12,465 13,442 14,611
13,553 18,888 18,315 25,449 28,196 36,277 59,848 61,437 60,978 61,503 62,905 73,996
6,881 4,204 7,018 1,999 1,975 2,695 2,026 2,347 2,792 2,924 2,621 2,814
Total Liabilities 26,949 30,224 33,114 35,894 39,339 48,914 72,828 76,126 76,958 78,894 80,969 93,422
71 68 75 73 72 71 71 65 82 93 90 90
CWIP 18 27 25 39 43 35 39 52 39 25 19 14
Investments 684 754 756 367 367 527 534 232 250 257 630 297
26,176 29,376 32,259 35,415 38,857 48,281 72,185 75,777 76,588 78,518 80,230 93,022
Total Assets 26,949 30,224 33,114 35,894 39,339 48,914 72,828 76,126 76,958 78,894 80,969 93,422

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,988 -3,663 -182 -4,965 -2,598 -7,830 -23,400 -1,336 2,161 -806 -850 -10,287
532 -80 -13 372 -5 -4 18 83 -14 -1 -353 435
-2,182 3,375 204 4,659 2,509 7,858 23,422 1,365 -1,083 81 691 10,174
Net Cash Flow 338 -368 9 66 -93 24 39 112 1,063 -726 -512 322

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
ROE % 11% 11% 10% 10% 9% 11% 11% 15% 12% 12% 11% 13%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
89.81% 81.81% 81.81% 81.81% 81.81% 81.81% 81.81% 81.81% 81.81% 81.81% 75.17% 75.00%
0.13% 0.21% 0.17% 0.21% 0.22% 0.24% 0.12% 0.30% 0.32% 0.65% 1.20% 1.91%
2.15% 8.67% 8.26% 7.96% 7.81% 7.60% 7.30% 7.29% 7.17% 7.15% 11.80% 11.39%
7.91% 9.32% 9.76% 10.02% 10.17% 10.34% 10.77% 10.61% 10.69% 10.41% 11.83% 11.70%
No. of Shareholders 2,88,3023,12,2283,17,0073,27,1043,27,0913,28,2283,26,4273,30,6153,39,7443,37,8063,89,7645,52,637

* 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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