Housing & Urban Development Corporation Ltd (HUDCO): Intrinsic Value & Share Price Analysis

Q: Is Housing & Urban Development Corporation Ltd (HUDCO) financially healthy?

Key indicators: ROCE of 9.62 % is on the lower side. Dividend yield is 2.05 %.

Fair Value

₹183.62Overvalued by 17.29%vs CMP ₹222.00

P/E (15.9) × ROE (15.7%) × BV (₹90.10) × DY (2.05%)

₹143.13Overvalued by 35.53%vs CMP ₹222.00

MoS: -55.1% (Negative)Confidence: 54/100 (Moderate)Models: 2 Fair, 6 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹202.27	23%	Fair (-8.9%)
Graham Number	Earnings	₹167.87	17%	Over (-24.4%)
Earnings Power	Earnings	₹89.57	14%	Over (-59.7%)
DCF	Cash Flow	₹232.90	14%	Fair (+4.9%)
Net Asset Value	Assets	₹90.32	7%	Over (-59.3%)
EV/EBITDA	Enterprise	₹0.55	9%	Over (-99.8%)
Earnings Yield	Earnings	₹139.00	7%	Over (-37.4%)
ROCE Capital	Returns	₹69.92	7%	Over (-68.5%)
Consensus (8 models)		₹143.13	100%	Overvalued

Key Drivers: Wide model spread (₹1–₹233) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 10.2%

*Investments are subject to market risks

Analyst Summary

Housing & Urban Development Corporation Ltd (HUDCO) operates in the Finance - Term Lending Institutions segment, NSE: HUDCO | BSE: 540530, current market price is ₹222.00, market cap is 44,330 Cr.. At a glance, stock P/E is 15.9, ROE is 15.7 %, ROCE is 9.62 %, book value is 90.1, dividend yield is 2.05 %. The latest intrinsic value estimate is ₹143.13, around 35.5% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹10,345 Cr versus the prior period change of 32.1%, while latest net profit is about ₹2,709 Cr with a prior-period change of 28.0%. The 52-week range shown on this page is 254/159, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisHousing and Urban Development Corporation Ltd. is a Public Limited Listed company incorporated on 25/04/1970 and has its registered office in the State of Delhi, India. Company's Corporate Identificat…

This summary is generated from the stock page data available for Housing & Urban Development Corporation Ltd (HUDCO): Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

Housing & Urban Development Corporation Ltd (HUDCO) scores 60/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health59/100 · Moderate

ROCE 9.6% AverageROE 15.7% GoodD/E 4.62 High debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent

Smart Money65/100 · Strong

FII holding stable No changeDII holding up 1.77% MF buyingPromoter holding at 75.0% Stable

Earnings Quality50/100 · Moderate

Quarterly Momentum58/100 · Moderate

Profit (4Q): +4% YoY Positive

Industry Rank75/100 · Strong

P/E 15.9 vs industry 34.2 Cheaper than peersROCE 9.6% vs industry 8.8% AverageROE 15.7% vs industry 11.8% Above peers

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily.

Share Price and Basic Stock Data

Last Updated: May 5, 2026, 12:16 am

Market Cap	44,330 Cr.
Current Price	222
Intrinsic Value	₹143.13
High / Low	254/159
Stock P/E	15.9
Book Value	90.1
Dividend Yield	2.05 %
ROCE	9.62 %
ROE	15.7 %
Face Value	10.0
PEG Ratio	1.57

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Housing & Urban Development Corporation Ltd (HUDCO)

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Housing & Urban Development Corporation Ltd (HUDCO)	44,330 Cr.	222	254/159	15.9	90.1	2.05 %	9.62 %	15.7 %	10.0
IFCI Ltd	15,786 Cr.	58.5	74.5/38.1	85.5	33.2	0.00 %	5.03 %	2.09 %	10.0
Tourism Finance Corporation of India Ltd	3,574 Cr.	77.1	80.5/37.0	29.4	27.0	0.78 %	10.7 %	8.51 %	2.00
Power Finance Corporation Ltd (PFC)	1,48,010 Cr.	448	486/330	5.87	385	3.52 %	9.73 %	21.0 %	10.0
Industry Average	52,925.00 Cr	201.40		34.17	133.83	1.59%	8.77%	11.83%	8.00

All Competitor Stocks of Housing & Urban Development Corporation Ltd (HUDCO)

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Revenue	1,710	1,852	1,843	1,865	2,013	2,065	2,188	2,518	2,760	2,845	2,937	3,219	3,431
Interest	1,132	1,150	1,191	1,217	1,313	1,240	1,464	1,662	1,762	1,859	1,976	2,147	2,394
Expenses	245	-155	60	55	12	8	47	-138	73	-28	109	147	320
Financing Profit	333	857	592	593	688	817	678	994	924	1,014	852	926	717
Financing Margin %	19%	46%	32%	32%	34%	40%	31%	39%	33%	36%	29%	29%	21%
Other Income	10	10	9	16	10	129	9	8	10	10	8	32	74
Depreciation	3	3	2	2	2	2	2	3	3	4	3	3	3
Profit before tax	340	864	598	606	696	943	685	1,000	932	1,020	857	955	788
Tax %	25%	26%	25%	26%	25%	26%	19%	31%	21%	29%	26%	26%	10%
Net Profit	254	639	446	452	519	700	558	689	735	728	630	710	713
EPS in Rs	1.27	3.19	2.23	2.26	2.59	3.50	2.79	3.44	3.67	3.64	3.15	3.55	3.56
Gross NPA %
Net NPA %

Last Updated: February 5, 2026, 4:02 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 10:46 am

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Revenue	2,978	3,383	3,270	3,536	4,228	5,584	7,567	7,267	6,986	7,082	7,831	10,345	12,433
Interest	1,702	1,775	1,908	1,986	2,295	3,071	4,848	4,765	4,533	4,507	4,961	6,747	8,377
Expenses	192	477	319	468	526	652	544	277	111	279	134	-46	547
Financing Profit	1,084	1,131	1,044	1,082	1,408	1,861	2,176	2,225	2,342	2,296	2,736	3,644	3,509
Financing Margin %	36%	33%	32%	31%	33%	33%	29%	31%	34%	32%	35%	35%	28%
Other Income	25	44	37	98	6	7	4	11	11	4	117	4	124
Depreciation	4	5	5	5	5	5	6	7	8	11	10	11	12
Profit before tax	1,105	1,170	1,076	1,175	1,408	1,863	2,174	2,229	2,346	2,289	2,843	3,637	3,621
Tax %	34%	34%	27%	28%	28%	37%	21%	29%	27%	26%	26%	26%
Net Profit	734	768	783	842	1,010	1,180	1,708	1,578	1,716	1,701	2,117	2,709	2,781
EPS in Rs	366.64	383.80	3.91	4.21	5.04	5.89	8.53	7.89	8.57	8.50	10.57	13.53	13.90
Dividend Payout %	14%	13%	13%	13%	11%	14%	36%	28%	41%	45%	39%	31%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	4.63%	1.95%	7.54%	19.95%	16.83%	44.75%	-7.61%	8.75%	-0.87%	24.46%	27.96%
Change in YoY Net Profit Growth (%)	0.00%	-2.68%	5.58%	12.42%	-3.12%	27.91%	-52.36%	16.36%	-9.62%	25.33%	3.51%

Housing & Urban Development Corporation Ltd (HUDCO) has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	12%
5 Years:	6%
3 Years:	14%
TTM:	36%

Compounded Profit Growth
10 Years:	13%
5 Years:	10%
3 Years:	16%
TTM:	25%

Stock Price CAGR
10 Years:	%
5 Years:	42%
3 Years:	73%
1 Year:	-18%

Return on Equity
10 Years:	12%
5 Years:	13%
3 Years:	14%
Last Year:	16%

Last Updated: September 5, 2025, 6:30 am

Balance Sheet

Last Updated: December 4, 2025, 1:23 am

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
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	2,002
Reserves	5,130	5,779	6,444	7,166	7,940	8,953	10,340	11,186	12,465	13,442	14,611	15,966	16,033
Borrowing	18,888	18,315	25,449	28,196	36,277	59,848	61,437	60,978	61,503	62,905	73,996	107,297	126,838
Other Liabilities	4,204	7,018	1,999	1,975	2,695	2,026	2,347	2,792	2,924	2,621	2,814	3,231	4,391
Total Liabilities	30,224	33,114	35,894	39,339	48,914	72,828	76,126	76,958	78,894	80,969	93,422	128,496	149,264
Fixed Assets	68	75	73	72	71	71	65	82	93	90	88	88	87
CWIP	27	25	39	43	35	39	52	39	25	19	15	16	17
Investments	754	756	367	367	527	534	232	250	257	630	297	1,318	1,701
Other Assets	29,376	32,259	35,415	38,857	48,281	72,185	75,777	76,588	78,518	80,230	93,022	127,074	147,460
Total Assets	30,224	33,114	35,894	39,339	48,914	72,828	76,126	76,958	78,894	80,969	93,422	128,496	149,264

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	-182	-4,965	-2,598	-7,830	-23,400	-1,336	2,161	-806	-851	-10,287	-31,603	-33,912
Cash from Investing Activity +	-13	372	-5	-4	18	83	-14	-1	-352	435	-939	-884
Cash from Financing Activity +	204	4,659	2,509	7,858	23,422	1,365	-1,083	81	691	10,174	32,215	34,793
Net Cash Flow	9	66	-93	24	39	112	1,063	-726	-512	322	-326	-3
Free Cash Flow	-193	-4,982	-2,606	-7,837	-23,408	-1,349	2,150	-812	-853	-10,283	-31,624	-33,906
CFO/OP	7%	-155%	-72%	-199%	-462%	-13%	37%	-6%	-6%	-127%	-298%	-278%

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	174.00	459.00	294.00	440.00	490.00	593.00	483.00	217.00	50.00	217.00	61.00	-153.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
ROE %	11%	10%	10%	9%	11%	11%	15%	12%	12%	11%	13%	16%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	81.81%	81.81%	81.81%	75.17%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%
FIIs	0.30%	0.32%	0.65%	1.20%	1.91%	2.70%	2.32%	2.08%	2.46%	1.96%	1.94%	1.97%
DIIs	7.29%	7.17%	7.15%	11.80%	11.39%	11.64%	9.05%	9.74%	9.69%	10.26%	10.92%	11.46%
Public	10.61%	10.69%	10.41%	11.83%	11.70%	10.66%	13.63%	13.17%	12.85%	12.78%	12.13%	11.56%
No. of Shareholders	3,30,615	3,39,744	3,37,806	3,89,764	5,52,637	6,39,411	9,25,775	9,18,661	9,32,389	8,79,366	8,43,084	8,02,766

Shareholding Pattern Chart

No. of Shareholders

Housing & Urban Development Corporation Ltd (HUDCO): Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
HSBC Small Cap Fund	8,043,000	1.03	154.14	N/A	N/A	N/A
Aditya Birla Sun Life Midcap Fund	5,693,087	1.81	109.11	4,213,942	2025-12-15 00:23:58	35.1%
HSBC Value Fund	5,208,190	0.69	99.82	N/A	N/A	N/A
HDFC Balanced Advantage Fund	3,300,000	0.06	63.24	N/A	N/A	N/A
HSBC Multi Cap Fund	2,179,200	0.81	41.76	2,179,200	2025-04-22 17:25:32	0%
Bank of India Small Cap Fund	2,000,000	2.1	38.33	500,358	2025-12-08 00:56:40	299.71%
Bank of India Mid & Small Cap Equity & Debt Fund	1,580,000	2.28	30.28	N/A	N/A	N/A
Edelweiss Balanced Advantage Fund	1,447,668	0.21	27.74	1,835,964	2026-02-23 07:31:00	-21.15%
Mirae Asset Arbitrage Fund	999,000	0.53	19.15	N/A	N/A	N/A
JM Value Fund	944,000	2.05	18.09	984,000	2026-01-26 01:09:17	-4.07%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	13.53	10.57	8.50	8.57	7.89
Diluted EPS (Rs.)	13.53	10.57	8.50	8.57	7.89
Cash EPS (Rs.)	13.59	10.62	8.56	8.61	7.92
Book Value[Excl.RevalReserv]/Share (Rs.)	89.75	82.98	77.14	72.27	65.88
Book Value[Incl.RevalReserv]/Share (Rs.)	89.75	82.98	77.14	72.27	65.88
Revenue From Operations / Share (Rs.)	51.51	38.88	35.21	34.74	36.14
PBDIT / Share (Rs.)	51.92	39.03	34.01	34.40	34.97
PBIT / Share (Rs.)	51.87	38.98	33.95	34.36	34.93
PBT / Share (Rs.)	18.17	14.20	11.44	11.72	11.13
Net Profit / Share (Rs.)	13.53	10.57	8.50	8.57	7.88
NP After MI And SOA / Share (Rs.)	13.53	10.57	8.50	8.57	7.88
PBDIT Margin (%)	100.80	100.38	96.57	99.02	96.76
PBIT Margin (%)	100.70	100.25	96.41	98.91	96.66
PBT Margin (%)	35.26	36.52	32.47	33.73	30.80
Net Profit Margin (%)	26.27	27.19	24.13	24.68	21.81
NP After MI And SOA Margin (%)	26.27	27.19	24.13	24.68	21.81
Return on Networth / Equity (%)	15.07	12.74	11.01	11.86	11.96
Return on Capital Employeed (%)	52.29	12.91	10.44	9.79	9.29
Return On Assets (%)	2.10	2.26	2.10	2.17	2.05
Long Term Debt / Equity (X)	0.00	2.54	3.12	3.76	4.62
Total Debt / Equity (X)	5.97	4.45	4.07	4.25	4.62
Asset Turnover Ratio (%)	0.09	0.08	0.08	0.08	0.09
Current Ratio (X)	1.18	2.82	5.06	9.01	43.92
Quick Ratio (X)	1.18	2.82	5.06	9.01	43.92
Dividend Payout Ratio (NP) (%)	19.58	14.18	8.82	8.74	9.51
Dividend Payout Ratio (CP) (%)	19.50	14.12	8.76	8.70	9.46
Earning Retention Ratio (%)	80.42	85.82	91.18	91.26	90.49
Cash Earning Retention Ratio (%)	80.50	85.88	91.24	91.30	90.54
Interest Coverage Ratio (X)	1.54	1.58	1.51	1.52	1.47
Interest Coverage Ratio (Post Tax) (X)	1.40	1.43	1.38	1.38	1.33
Enterprise Value (Cr.)	147150.11	111104.13	71512.46	67405.32	68338.90
EV / Net Operating Revenue (X)	14.27	14.27	10.14	9.69	9.45
EV / EBITDA (X)	14.16	14.22	10.50	9.79	9.76
MarketCap / Net Operating Revenue (X)	3.87	4.82	1.23	0.94	1.21
Retention Ratios (%)	80.41	85.81	91.17	91.25	90.48
Price / BV (X)	2.22	2.26	0.56	0.45	0.66
Price / Net Operating Revenue (X)	3.87	4.82	1.23	0.94	1.21
EarningsYield	0.06	0.05	0.19	0.26	0.17

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Housing and Urban Development Corporation Ltd. is a Public Limited Listed company incorporated on 25/04/1970 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L74899DL1970GOI005276 and registration number is 005276. Currently Company is involved in the business activities of Other credit granting. Company's Total Operating Revenue is Rs. 13150.40 Cr. and Equity Capital is Rs. 2001.90 Cr. for the Year ended 31/03/2026.

INDUSTRY	ADDRESS	CONTACT
Finance - Term Lending Institutions	HUDCO Bhawan, Core 7-A, New Delhi Delhi 110003	Contact not found

Management
Name	Position Held
Mr. Sanjay Kulshrestha	Chairman & Managing Director
Mr. Daljeet Singh Khatri	Director - Finance
Mr. M Nagaraj	Director
Mr. Sanjeet	Part Time Official Director
Mr. Solomon Arokiaraj	Part Time Official Director
Dr. Ravindra Kumar Ray	Non Official Independent Director
Mrs. Sabitha Bojan	Non Official Independent Director
Mr. Kantilal Chaturbhai Patel	Non Official Independent Director

FAQ

What is the intrinsic value of Housing & Urban Development Corporation Ltd (HUDCO) and is it undervalued?

As of 21 May 2026, Housing & Urban Development Corporation Ltd (HUDCO)'s intrinsic value is ₹143.13, which is 35.53% lower than the current market price of ₹222.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (15.7 %), book value (₹90.1), dividend yield (2.05 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Housing & Urban Development Corporation Ltd (HUDCO)?

Housing & Urban Development Corporation Ltd (HUDCO) is trading at ₹222.00 as of 21 May 2026, with a FY2026-2027 high of ₹254 and low of ₹159. The stock is currently in the middle of its 52-week range. Market cap stands at ₹44,330 Cr..

How does Housing & Urban Development Corporation Ltd (HUDCO)'s P/E ratio compare to its industry?

Housing & Urban Development Corporation Ltd (HUDCO) has a P/E ratio of 15.9, which is below the industry average of 34.17. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Housing & Urban Development Corporation Ltd (HUDCO) financially healthy?

Key indicators for Housing & Urban Development Corporation Ltd (HUDCO): ROCE of 9.62 % is on the lower side compared to the industry average of 8.77%; ROE of 15.7 % shows strong shareholder returns. Dividend yield is 2.05 %.

Is Housing & Urban Development Corporation Ltd (HUDCO) profitable and how is the profit trend?

Housing & Urban Development Corporation Ltd (HUDCO) reported a net profit of ₹2,709 Cr in Mar 2025 on revenue of ₹10,345 Cr. Compared to ₹1,716 Cr in Mar 2022, the net profit shows an improving trend.

Does Housing & Urban Development Corporation Ltd (HUDCO) pay dividends?

Housing & Urban Development Corporation Ltd (HUDCO) has a dividend yield of 2.05 % at the current price of ₹222.00. This is a relatively attractive yield for income-seeking investors.