Hubtown Ltd
Hubtown Ltd
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BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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38 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
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Technical Indicators
Key Insights
Strengths
3- Stock is trading at 1.05 times its book value
- Company has delivered good profit growth of 31.0% CAGR over last 5 years
- Debtor days have improved from 231 to 153 days.
Weaknesses
8- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Promoter holding is low: 33.2%
- Company has a low return on equity of 2.67% over last 3 years.
- Contingent liabilities of Rs.1,495 Cr.
- Earnings include an other income of Rs.189 Cr.
- Company has high debtors of 153 days.
- Promoter holding has decreased over last 3 years: -12.2%
Growth Rate
AI Analysis — Bull vs Bear
Hubtown Ltd is a Rs.3,027 Cr market cap real estate company trading at a P/E of 18.5x and 1.15x book value. The company has shown strong recent revenue growth of 58% TTM and profit CAGR of 31% over 5 years, but carries contingent liabilities of Rs.1,495 Cr, low promoter holding at 32.8%, and a weak 3-year average ROE of just 1.75%.
- Strong TTM revenue growth of 58% indicates accelerating top-line momentum
- Compounded profit growth of 31% CAGR over 5 years demonstrates sustained earnings expansion
- Stock trades at 1.15x book value, offering relatively modest valuation for a real estate company
- P/E of 18.5x is reasonable given the 237% TTM profit growth rate
- Debtor days improved from 246 to 153 days, indicating better working capital management
- 3-year stock CAGR of 71% reflects strong market re-rating over the medium term
- Last year ROE improved to 6% versus 3-year average of 2%, suggesting a turnaround in capital efficiency
- Company is expected to deliver a good upcoming quarter based on operational trends
- Contingent liabilities of Rs.1,495 Cr are significant relative to the Rs.3,027 Cr market cap, representing nearly 49% of total value
- Promoter holding is low at 32.8% and declined by 2.19% in the last quarter, signaling potential lack of promoter confidence
- 3-year average ROE of just 1.75% indicates poor return on shareholder capital despite reported profits
- Zero dividend payout despite repeated profitability raises questions about cash flow quality and capital allocation
- Other income of Rs.189 Cr forms a material portion of earnings, meaning core operating profit may be overstated
- Stock has declined 24% over the past 1 year despite strong reported financials, indicating market skepticism
- Debtors at 153 days remain elevated for the sector, tying up significant working capital
- 10-year ROE averaging -4% and 5-year ROE at 0% show a prolonged history of value destruction
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Promoter pledge invoked by lender Jun 27
Edelweiss Investment Advisors invoked a pledge on 1.71 million promoter shares (Vyomesh M. Shah HUF). Only 472,354 shares were released back after a part payment, indicating ongoing debt pressure.
- 25 West Realty merger approved Jun 19
Shareholders approved the merger of 25 West Realty Private Limited at an EGM on June 19, 2026, with the requisite majority. This consolidation could streamline the corporate structure and unlock value.
- Trading window closed for Q1FY27 Jun 23
Hubtown closed its trading window from July 1, 2026, until 48 hours after Q1FY27 results are declared. Designated persons and their relatives are restricted from trading.
TL;DR: Hubtown is pursuing corporate consolidation with the approved 25 West Realty merger, which is a constructive step for simplifying its group structure. However, the invocation of a promoter pledge on 1.71 million shares signals continuing leverage concerns at the promoter level. The upcoming Q1FY27 results will be a key catalyst — investors should watch for clarity on debt reduction and project monetization progress.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 65 | 56 | 31 | 106 | 120 | 99 | 92 | 97 | 187 | 209 | 88 | 160 | 156 |
| Expenses | 41 | 34 | 23 | 261 | 106 | 38 | 60 | 88 | 147 | 177 | 85 | 82 | 127 |
| Operating Profit | 24 | 21 | 8 | -155 | 14 | 61 | 33 | 8 | 41 | 31 | 2 | 78 | 28 |
| OPM % | 37% | 38% | 25% | -147% | 12% | 61% | 36% | 9% | 22% | 15% | 2.5% | 49% | 18% |
| Other Income | 4 | 5 | 10 | 84 | 6 | 40 | 28 | 44 | 48 | 55 | 44 | 43 | 47 |
| Interest | 32 | 15 | 11 | 16 | 14 | 65 | 37 | 19 | 16 | 27 | 23 | 85 | 42 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| PBT | -4 | 10 | 6 | -88 | 5 | 36 | 23 | 33 | 72 | 58 | 22 | 36 | 32 |
| Tax % | -104% | 24% | 19% | 2% | -20% | 18% | 31% | 87% | -14% | 46% | -10% | 16% | 18% |
| Net Profit | -1 | 3 | 3 | -90 | 5 | 19 | 20 | 2 | 82 | 32 | 23 | 26 | 27 |
| EPS in Rs | -0.19 | 0.34 | 0.28 | -11.08 | 0.68 | 1.29 | 1.61 | 0.26 | 5.85 | 1.69 | 1.57 | 1.61 | 1.75 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 443 | 407 | 542 | 564 | 471 | 273 | 266 | 190 | 319 | 258 | 408 | 644 | 612 |
| Expenses | 117 | 58 | 174 | 526 | 314 | 113 | 283 | 250 | 230 | 308 | 292 | 491 | 471 |
| Operating Profit | 326 | 348 | 368 | 39 | 156 | 160 | -17 | -60 | 89 | -50 | 116 | 153 | 140 |
| OPM % | 74% | 86% | 68% | 7% | 33% | 59% | -6% | -31% | 28% | -19% | 28% | 24% | 23% |
| Other Income | 98 | 32 | 33 | 291 | 65 | -45 | -4 | 24 | 2 | 52 | 118 | 189 | 189 |
| Interest | 403 | 383 | 424 | 351 | 218 | 139 | 105 | 87 | 94 | 74 | 135 | 151 | 177 |
| Depreciation | 10 | 4 | 3 | 3 | 3 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 |
| PBT | 11 | -7 | -26 | -25 | 0 | -29 | -130 | -127 | -7 | -75 | 97 | 188 | 149 |
| Tax % | 87% | -35% | 22% | -9% | 3713% | 59% | 0% | 3% | -486% | 1% | 43% | 11% | — |
| Net Profit | 0 | -25 | -41 | -26 | -16 | -61 | -122 | -128 | 30 | -86 | 46 | 164 | 108 |
| EPS in Rs | 0.1 | -3.32 | -5.6 | -3.6 | -2.07 | -8.33 | -16.72 | -17.65 | 4 | -10.78 | 3.39 | 10.45 | 6.62 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 73 | 73 | 73 | 73 | 73 | 73 | 73 | 73 | 76 | 80 | 136 | 142 |
| Reserves | 1,626 | 1,617 | 1,578 | 1,549 | 1,530 | 1,460 | 1,339 | 1,216 | 1,229 | 1,178 | 2,273 | 2,486 |
| Borrowings | 1,780 | 1,605 | 1,758 | 987 | 882 | 696 | 760 | 785 | 966 | 1,041 | 793 | 1,197 |
| Other Liabilities | 1,559 | 1,389 | 1,518 | 2,266 | 2,238 | 2,269 | 2,254 | 2,628 | 2,232 | 2,610 | 2,217 | 2,478 |
| Total Liabilities | 5,039 | 4,684 | 4,927 | 4,875 | 4,722 | 4,497 | 4,426 | 4,702 | 4,504 | 4,909 | 5,417 | 6,302 |
| Fixed Assets | 155 | 103 | 94 | 90 | 88 | 86 | 70 | 69 | 66 | 138 | 135 | 142 |
| CWIP | 13 | 14 | 10 | 12 | 14 | 17 | 17 | 17 | 17 | 17 | 17 | 17 |
| Investments | 286 | 1,723 | 1,711 | 1,707 | 1,619 | 1,517 | 1,253 | 1,231 | 1,124 | 107 | 98 | 81 |
| Other Assets | 4,585 | 2,844 | 3,112 | 3,066 | 3,001 | 2,877 | 3,087 | 3,385 | 3,297 | 4,648 | 5,168 | 6,062 |
| Total Assets | 5,039 | 4,684 | 4,927 | 4,875 | 4,722 | 4,497 | 4,426 | 4,702 | 4,504 | 4,909 | 5,417 | 6,302 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 285 | 138 | -3 | 451 | 76 | 68 | -129 | 24 | -6 | 161 | -580 | 187 |
| Investing | 169 | 1 | 154 | 7 | 151 | 12 | 204 | 24 | 156 | -81 | -75 | -520 |
| Financing | -447 | -144 | -159 | -444 | -219 | -87 | -57 | -58 | -145 | -27 | 644 | 390 |
| Net Cash Flow | 7 | -5 | -8 | 14 | 9 | -7 | 17 | -10 | 6 | 53 | -10 | 56 |
| Free Cash Flow | 293 | 135 | 0 | 461 | 64 | 69 | -117 | 23 | -6 | 94 | -586 | 182 |
| CFO/OP | 84 | 40 | 2 | 1,188 | 41 | 42 | 809 | -43 | -4 | -327 | -494 | 127 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 150 | 135 | 203 | 292 | 244 | 120 | 254 | 468 | 232 | 270 | 271 | 153 |
| Inventory Days | — | — | — | — | 8,797 | — | — | — | — | — | — | 4,576 |
| Days Payable | — | — | — | — | 1,056 | — | — | — | — | — | — | 259 |
| Cash Conversion Cycle | 150 | 135 | 203 | 292 | 7,985 | 120 | 254 | 468 | 232 | 270 | 271 | 4,470 |
| Working Capital Days | 671 | -708 | 65 | 180 | 48 | -79 | 232 | 45 | -96 | 942 | 1,787 | 1,230 |
| ROCE % | 12% | 11% | 12% | 10% | 9% | 8% | 1% | -2% | 5% | 2% | 8% | 10% |
Documents
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Company Information
Incorporated in 1985, Hubtown Ltd is in the business of real estate development