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:
152%
Stock Price CAGR
10 Years:
23%
5 Years:
59%
3 Years:
102%
1 Year:
142%
Return on Equity
10 Years:
-11%
5 Years:
-7%
3 Years:
-5%
Last Year:
2%
Last Updated: Unknown
Balance Sheet
Last Updated: Unknown
Month
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
12
12
16
16
20
20
20
20
20
20
20
20
Reserves
96
51
32
1
234
218
200
186
154
138
126
129
Borrowings
338
382
391
402
292
287
287
274
328
347
331
311
Other Liabilities
39
43
44
52
40
42
36
39
28
25
29
34
Total Liabilities
486
489
482
470
585
567
543
519
529
530
505
494
Fixed Assets
442
441
431
418
475
461
448
435
422
416
411
406
CWIP
0
0
0
0
0
0
0
0
0
0
0
0
Investments
2
1
8
6
21
22
14
2
2
3
3
3
Other Assets
42
47
44
47
89
85
82
82
105
111
91
85
Total Assets
486
489
482
470
585
567
543
519
529
530
505
494
Reserves and Borrowings Chart
Cash Flow
Month
Mar 2013
Mar 2014
Mar 2015
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
Mar 2024
Cash from Operating Activity
0
-2
-29
17
2
29
34
29
-14
3
42
49
Cash from Investing Activity
-47
-15
29
3
-1
0
6
10
0
-0
-2
-1
Cash from Financing Activity
44
21
-1
-20
1
-29
-38
-42
16
-6
-41
-45
Net Cash Flow
-2
4
-0
1
1
0
2
-3
2
-3
-1
2
Free Cash Flow
Month
Mar 2013
Mar 2014
Mar 2015
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
Mar 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
Month
Mar 2013
Mar 2014
Mar 2015
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
Mar 2024
Debtor Days
67
19
19
30
15
14
14
11
26
20
12
12
Inventory Days
3,986
1,206
852
981
742
768
460
700
1,480
778
568
521
Days Payable
436
272
450
809
798
681
405
705
1,166
394
346
390
Cash Conversion Cycle
3,617
953
422
202
-41
101
70
6
340
404
234
143
Working Capital Days
-848
50
-7
-52
58
13
-7
-41
20
39
16
16
ROCE %
1%
-2%
0%
1%
1%
1%
3%
3%
-4%
0%
6%
7%
Financial Efficiency Indicators Chart
Share Holding Pattern
Month
Sep 2021
Dec 2021
Mar 2022
Jun 2022
Sep 2022
Dec 2022
Mar 2023
Jun 2023
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Promoters
69.11%
69.11%
69.11%
69.11%
69.10%
69.10%
69.10%
69.10%
69.10%
69.10%
69.10%
69.10%
DIIs
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
Public
30.87%
30.87%
30.87%
30.87%
30.89%
30.88%
30.87%
30.87%
30.88%
30.87%
30.87%
30.86%
No. of Shareholders
71,851
71,312
70,842
70,487
70,145
69,717
69,327
68,924
68,268
67,721
67,140
66,741
Shareholding Pattern Chart
No. of Shareholders
This stock is not held by any mutual fund
ROCE / ROE Trend
EPS Trend
Key Financial Ratios
Month
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
FaceValue
10.00
10.00
10.00
10.00
10.00
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
-8.49
2.66
Book Value[Excl.RevalReserv]/Share (Rs.)
75.13
73.18
79.09
86.20
98.95
Book Value[Incl.RevalReserv]/Share (Rs.)
75.13
73.18
79.09
86.20
98.95
Revenue From Operations / Share (Rs.)
55.44
48.87
25.56
12.37
41.58
PBDIT / Share (Rs.)
20.72
17.38
4.75
-2.52
13.95
PBIT / Share (Rs.)
16.95
13.72
1.03
-9.43
6.83
PBT / Share (Rs.)
3.71
1.29
-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 (%)
37.37
35.57
18.60
-20.42
33.54
PBIT Margin (%)
30.57
28.07
4.01
-76.22
16.42
PBT Margin (%)
6.69
2.65
-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 (%)
7.81
6.11
0.42
-3.89
2.89
Return On Assets (%)
0.78
-2.30
-2.95
-5.73
-1.69
Long Term Debt / Equity (X)
1.11
1.31
1.37
1.17
0.87
Total Debt / Equity (X)
1.39
1.56
1.55
1.26
0.95
Asset Turnover Ratio (%)
0.21
0.18
0.09
0.04
0.15
Current Ratio (X)
0.60
0.68
0.91
0.93
0.67
Quick Ratio (X)
0.38
0.45
0.64
0.65
0.40
Interest Coverage Ratio (X)
1.57
1.40
0.39
-0.22
1.10
Interest Coverage Ratio (Post Tax) (X)
1.15
0.52
0.34
-0.35
0.64
Enterprise Value (Cr.)
423.20
385.70
363.10
314.13
276.02
EV / Net Operating Revenue (X)
3.87
4.00
7.20
12.87
3.36
EV / EBITDA (X)
10.35
11.24
38.69
-63.03
10.03
MarketCap / Net Operating Revenue (X)
1.13
0.70
0.69
0.82
0.13
Price / BV (X)
0.83
0.46
0.22
0.11
0.05
Price / Net Operating Revenue (X)
1.13
0.70
0.69
0.82
0.13
EarningsYield
0.03
-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 October 5, 2024 is: ₹60.69
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 October 5, 2024, HB Estate Developers Ltd is Overvalued by 39.31% compared to the current share price ₹100.00
Intrinsic Value of HB Estate Developers Ltd as of October 5, 2024 is: ₹110.16
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 October 5, 2024, HB Estate Developers Ltd is Undervalued by 10.16% compared to the current share price ₹100.00
Last 5 Year EPS CAGR: 81.51%
*Investments are subject to market risks
Strength and Weakness
Strength
Weakness
The stock has a low average Working Capital Days of -61.92, which is a positive sign.
The stock has a low average ROCE of 1.42%, which may not be favorable.
The stock has a high average Cash Conversion Cycle of 236.42, which may not be favorable.
The company has higher borrowings (330.83) compared to reserves (130.42), which may suggest financial risk.
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:
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.
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.
ROE%: 2.62% (Industry Average ROE: 17.84%)
ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
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.
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.
Stock P/E: 32.5 (Industry average Stock P/E: 42.84)
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.
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.
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
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