Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 21 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 532334 | NSE: HBESD

HB Estate Developers Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 19, 2024, 5:21 pm

Market Cap 172 Cr.
Current Price 88.3
High / Low125/41.0
Stock P/E23.1
Book Value 80.1
Dividend Yield0.00 %
ROCE7.00 %
ROE2.39 %
Face Value 10.0
PEG Ratio0.28

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

View Share Price Target for HB Estate Developers Ltd

Competitors of HB Estate Developers Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
IITL Projects Ltd 24.0 Cr. 48.067.2/15.07.42 70.70.00 %%% 10.0
HB Estate Developers Ltd 172 Cr. 88.3125/41.023.1 80.10.00 %7.00 %2.39 % 10.0
Hazoor Multi Projects Ltd 1,101 Cr. 55.963.9/13.613.1 19.50.54 %%% 1.00
Gyan Developers & Builders Ltd 6.92 Cr. 23.033.8/6.74 12.70.00 %4.02 %3.75 % 10.0
GG Dandekar Properties Ltd 56.2 Cr. 118163/87.4 96.90.00 %1.27 %9.45 % 1.00
Industry Average17,891.15 Cr272.6332.13129.970.16%24.93%17.75%22.76

All Competitor Stocks of HB Estate Developers Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales5.0912.0418.6214.7019.5921.3427.7027.8023.9324.3829.7331.3625.64
Expenses7.5111.3812.6411.0813.9915.0517.1318.6016.7517.2118.0618.5317.02
Operating Profit-2.420.665.983.625.606.2910.579.207.187.1711.6712.838.62
OPM %-47.54%5.48%32.12%24.63%28.59%29.48%38.16%33.09%30.00%29.41%39.25%40.91%33.62%
Other Income0.500.080.600.380.150.410.211.870.220.730.380.700.71
Interest5.785.946.425.895.726.126.386.306.226.297.116.495.73
Depreciation1.871.871.841.771.781.801.791.861.831.861.881.871.89
Profit before tax-9.57-7.07-1.68-3.66-1.75-1.222.612.91-0.65-0.253.065.171.71
Tax %-29.78%-28.43%-29.76%-26.23%-26.86%-12.30%18.77%492.10%84.62%272.00%50.98%12.57%46.78%
Net Profit-6.73-5.06-1.18-2.71-1.28-1.062.13-11.42-1.21-0.931.514.520.91
EPS in Rs-3.46-2.60-0.61-1.39-0.66-0.541.09-5.87-0.62-0.480.782.320.47

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: October 23, 2024, 2:21 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales743646773848982245095108111
Expenses6425052576261553042636971
Operating Profit10141517212827-68323940
OPM %19%0%21%23%23%25%32%32%-24%16%34%36%36%
Other Income43-93212111223
Interest6303130312728252224252626
Depreciation111151514141414147778
Profit before tax-1-39-41-28-27-19-12-12-41-223710
Tax %370%15%10%11%-26%-13%-14%-24%-26%-29%556%47%
Net Profit-7-45-45-31-20-16-10-9-30-16-1246
EPS in Rs-5.66-37.19-27.93-19.10-12.42-8.38-5.36-4.52-15.61-8.05-5.982.003.09
Dividend Payout %-9%-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)-542.86%0.00%31.11%35.48%20.00%37.50%10.00%-233.33%46.67%25.00%133.33%
Change in YoY Net Profit Growth (%)0.00%542.86%31.11%4.37%-15.48%17.50%-27.50%-243.33%280.00%-21.67%108.33%

HB Estate Developers Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:10%
5 Years:4%
3 Years:65%
TTM:10%
Compounded Profit Growth
10 Years:8%
5 Years:19%
3 Years:28%
TTM:165%
Stock Price CAGR
10 Years:22%
5 Years:58%
3 Years:84%
1 Year:100%
Return on Equity
10 Years:-11%
5 Years:-7%
3 Years:-5%
Last Year:2%

Last Updated: Unknown

Balance Sheet

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital121216162020202020202020
Reserves9651321234218200186154138126129
Borrowings338382391402292287287274328347331311
Other Liabilities394344524042363928252934
Total Liabilities486489482470585567543519529530505494
Fixed Assets442441431418475461448435422416411406
CWIP000000000000
Investments218621221422333
Other Assets42474447898582821051119185
Total Assets486489482470585567543519529530505494

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +0-2-29172293429-1434249
Cash from Investing Activity +-47-15293-106100-0-2-1
Cash from Financing Activity +4421-1-201-29-38-4216-6-41-45
Net Cash Flow-24-01102-32-3-12

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-337.00-382.00-377.00-387.00-275.00-266.00-259.00-247.00-334.00-339.00-299.00-272.00

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

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days671919301514141126201212
Inventory Days3,9861,2068529817427684607001,480778568521
Days Payable4362724508097986814057051,166394346390
Cash Conversion Cycle3,617953422202-41101706340404234143
Working Capital Days-84850-7-525813-7-4120391616
ROCE %1%-2%0%1%1%1%3%3%-4%0%6%7%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters69.11%69.11%69.11%69.10%69.10%69.10%69.10%69.10%69.10%69.10%69.10%69.10%
DIIs0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public30.87%30.87%30.87%30.89%30.88%30.87%30.87%30.88%30.87%30.87%30.86%30.86%
No. of Shareholders71,31270,84270,48770,14569,71769,32768,92468,26867,72167,14066,74166,559

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)2.00-5.98-8.05-15.61-4.52
Diluted EPS (Rs.)2.00-5.98-8.05-15.61-4.52
Cash EPS (Rs.)5.74-2.23-4.21-8.492.66
Book Value[Excl.RevalReserv]/Share (Rs.)75.1373.1879.0986.2098.95
Book Value[Incl.RevalReserv]/Share (Rs.)75.1373.1879.0986.2098.95
Revenue From Operations / Share (Rs.)55.4448.8725.5612.3741.58
PBDIT / Share (Rs.)20.7217.384.75-2.5213.95
PBIT / Share (Rs.)16.9513.721.03-9.436.83
PBT / Share (Rs.)3.711.29-11.15-20.81-5.83
Net Profit / Share (Rs.)1.97-5.89-7.94-15.39-4.46
NP After MI And SOA / Share (Rs.)1.97-5.89-7.94-15.39-4.46
PBDIT Margin (%)37.3735.5718.60-20.4233.54
PBIT Margin (%)30.5728.074.01-76.2216.42
PBT Margin (%)6.692.65-43.61-168.27-14.03
Net Profit Margin (%)3.55-12.05-31.07-124.45-10.72
NP After MI And SOA Margin (%)3.55-12.05-31.07-124.45-10.72
Return on Networth / Equity (%)2.62-8.05-10.04-17.85-4.50
Return on Capital Employeed (%)7.816.110.42-3.892.89
Return On Assets (%)0.78-2.30-2.95-5.73-1.69
Long Term Debt / Equity (X)1.111.311.371.170.87
Total Debt / Equity (X)1.391.561.551.260.95
Asset Turnover Ratio (%)0.210.180.090.040.15
Current Ratio (X)0.600.680.910.930.67
Quick Ratio (X)0.380.450.640.650.40
Interest Coverage Ratio (X)1.571.400.39-0.221.10
Interest Coverage Ratio (Post Tax) (X)1.150.520.34-0.350.64
Enterprise Value (Cr.)423.20385.70363.10314.13276.02
EV / Net Operating Revenue (X)3.874.007.2012.873.36
EV / EBITDA (X)10.3511.2438.69-63.0310.03
MarketCap / Net Operating Revenue (X)1.130.700.690.820.13
Price / BV (X)0.830.460.220.110.05
Price / Net Operating Revenue (X)1.130.700.690.820.13
EarningsYield0.03-0.17-0.44-1.50-0.78

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of HB Estate Developers Ltd as of November 21, 2024 is: 45.11

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 21, 2024, HB Estate Developers Ltd is Overvalued by 48.91% compared to the current share price 88.30

Intrinsic Value of HB Estate Developers Ltd as of November 21, 2024 is: 81.88

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 21, 2024, HB Estate Developers Ltd is Overvalued by 7.27% compared to the current share price 88.30

Last 5 Year EPS CAGR: 81.51%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of -61.92, which is a positive sign.
  1. The stock has a low average ROCE of 1.42%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 236.42, which may not be favorable.
  3. The company has higher borrowings (330.83) compared to reserves (130.42), which may suggest financial risk.
  4. The company has not shown consistent growth in sales (69.00) and profit (-17.08).

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in HB Estate Developers Ltd:
    1. Net Profit Margin: 3.55%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 7.81% (Industry Average ROCE: 22.95%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 2.62% (Industry Average ROE: 14.65%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 1.15
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.38
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 23.1 (Industry average Stock P/E: 23.46)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 1.39
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

HB Estate Developers Ltd. is a Public Limited Listed company incorporated on 20/09/1994 and has its registered office in the State of Haryana, India. Company’s Corporate Identification Number(CIN) is L99999HR1994PLC034146 and registration number is 034146. Currently Company is involved in the business activities of Construction of buildings carried out on own-account basis or on a fee or contract basis. Company’s Total Operating Revenue is Rs. 50.43 Cr. and Equity Capital is Rs. 19.73 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Construction, Contracting & EngineeringPlot No. 31, Gurgaon Haryana 122001corporate@hbestate.com
http://www.hbestate.com
Management
NamePosition Held
Mr. Lalit BhasinChairman
Mr. Rajesh JainDirector
Mr. Anil GoyalDirector
Ms. Asha MehraDirector
Mr. Sunil MalikDirector

FAQ

What is the latest intrinsic value of HB Estate Developers Ltd?

The latest intrinsic value of HB Estate Developers Ltd as on 21 November 2024 is ₹45.11, which is 48.91% lower than the current market price of ₹88.30.

What is the Market Cap of HB Estate Developers Ltd?

The Market Cap of HB Estate Developers Ltd is 172 Cr..

What is the current Stock Price of HB Estate Developers Ltd as on 21 November 2024?

The current stock price of HB Estate Developers Ltd as on 21 November 2024 is ₹88.3.

What is the High / Low of HB Estate Developers Ltd stocks in FY 2024?

In FY 2024, the High / Low of HB Estate Developers Ltd stocks is 125/41.0.

What is the Stock P/E of HB Estate Developers Ltd?

The Stock P/E of HB Estate Developers Ltd is 23.1.

What is the Book Value of HB Estate Developers Ltd?

The Book Value of HB Estate Developers Ltd is 80.1.

What is the Dividend Yield of HB Estate Developers Ltd?

The Dividend Yield of HB Estate Developers Ltd is 0.00 %.

What is the ROCE of HB Estate Developers Ltd?

The ROCE of HB Estate Developers Ltd is 7.00 %.

What is the ROE of HB Estate Developers Ltd?

The ROE of HB Estate Developers Ltd is 2.39 %.

What is the Face Value of HB Estate Developers Ltd?

The Face Value of HB Estate Developers Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in HB Estate Developers Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE