Housing & Urban Development Corporation Ltd logo

Housing & Urban Development Corporation Ltd

HUDCO NSE

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

AI Verdict: BUY Confidence: 7%

HUDCO trades at an attractive PE of 10.5x with strong profit growth of 49% TTM and improving ROE of 20% last year. The government-backed housing finance company offers a healthy 2.15% dividend yield with consistent 33.3% payout ratio, making it a compelling value play in the infrastructure lending space.

Key Fundamentals

MidcapFinancial InstitutionFinancial Services
Market Cap
₹42,144 Cr
Volatility
Moderate
P/E Ratio
10.33
EBITDA
₹11,988 Cr
Return on Equity
11.02%
Debt to Equity
5.24
Book Value
₹109.77
EPS
₹11.13
52W High
₹246.85
52W Low
₹159

Technical Indicators

Key Insights

Strengths

2
  • Company has delivered good profit growth of 20.6% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 33.3%

Weaknesses

3
  • Company has low interest coverage ratio.
  • Tax rate seems low
  • Company might be capitalizing the interest cost

Growth Rate

Revenue Growth
27.08% ↗
Net Income Growth
-4.94% ↘
Cash Flow Change
-207.22% ↘
ROE
18.37% ↘
ROCE
-7.21% ↘
EBITDA Margin (Avg.)
-10.45% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 1d ago
BUY
Risk medium

HUDCO trades at an attractive PE of 10.5x with strong profit growth of 49% TTM and improving ROE of 20% last year. The government-backed housing finance company offers a healthy 2.15% dividend yield with consistent 33.3% payout ratio, making it a compelling value play in the infrastructure lending space.

Bull Case 8
  • Exceptional profit growth with TTM compounded profit growth at 49%, significantly outpacing the 5-year CAGR of 21%
  • Attractive valuation at PE of 10.5x, well below typical financial services sector multiples, indicating undervaluation for a government-backed lender
  • ROE has improved from 14% (10-year average) to 20% last year, showing improving capital efficiency and return generation
  • Strong revenue momentum with TTM sales growth of 27%, accelerating from the 5-year compounded sales CAGR of 13%
  • Healthy dividend yield of 2.15% with consistent 33.3% payout ratio provides income stability for investors
  • 100% of analysts (2 out of 2) have a Buy rating with zero Hold or Sell recommendations
  • 3-year stock CAGR of 54% demonstrates strong wealth creation despite recent 1-year correction of -9%, suggesting a potential re-entry opportunity
  • Price-to-book ratio of 1.93x is reasonable for a company delivering 20% ROE, implying fair value with upside potential
Bear Case 8
  • Low interest coverage ratio indicates vulnerability to rising interest rates and potential stress on debt servicing ability
  • Stock has declined 9% over the past 1 year, underperforming broader markets and signaling possible sentiment concerns
  • Potential capitalization of interest costs may be inflating reported profitability, making true earnings power lower than stated 49% TTM growth
  • Low tax rate raises concerns about sustainability of earnings — any normalization of tax could compress net profit margins significantly
  • Limited analyst coverage with only 2 ratings total suggests low institutional interest and potential liquidity risk for large positions
  • Market cap of Rs 42,430 crore with high debt-equity structure typical of housing finance companies creates balance sheet concentration risk
  • 5-year stock CAGR of 31% versus 5-year profit CAGR of 21% suggests price has run ahead of fundamentals, limiting near-term upside
  • As a government entity, HUDCO faces potential political interference in lending decisions which may impact asset quality over cycles

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 14h ago
Positives 1
  • Rs 1 lakh Cr Gujarat MoU Jun 17

    HUDCO signed an MoU with the Gujarat government to provide Rs 1,00,000 crore for infrastructure projects over a two-year period starting May 2026, significantly expanding its loan book pipeline.

Neutral 2
  • Trading window closed for Q1FY27 Jun 22

    HUDCO shut its trading window from July 1, 2026, until 48 hours after Q1FY27 results are declared, a routine SEBI compliance measure.

  • Registrar switched to Beetal Financial Jun 8

    HUDCO changed its Registrar & Share Transfer Agent from Alankit Assignments to Beetal Financial via a tripartite agreement signed on June 4, 2026.

TL;DR: HUDCO's near-term narrative is dominated by the massive Rs 1,00,000 crore Gujarat infrastructure MoU, which signals strong loan disbursement growth ahead. No material headwinds emerged in recent weeks. The trading window closure is routine ahead of Q1FY27 results, and the registrar change is administrative. The trend is constructive, with the Gujarat deal providing multi-year revenue visibility if execution stays on track.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue
1,852
1,843
1,865
2,013
2,065
2,188
2,518
2,760
2,845
2,937
3,219
3,431
3,563
Expenses
-155
60
55
12
8
47
-138
73
-28
109
147
320
587
Financing Profit
857
592
593
688
817
678
994
924
1,014
852
926
717
563
Fin. Margin %
46%
32%
32%
34%
40%
31%
39%
33%
36%
29%
29%
21%
16%
Other Income
10
9
16
10
129
9
8
10
10
8
32
74
62
Interest
1,150
1,191
1,217
1,313
1,240
1,464
1,662
1,762
1,859
1,976
2,147
2,394
2,413
Depreciation
3
2
2
2
2
2
3
3
4
3
3
3
4
PBT
864
598
606
696
943
685
1,000
932
1,020
857
955
788
621
Tax %
26%
25%
26%
25%
26%
19%
31%
21%
29%
26%
26%
10%
-219%
Net Profit
639
446
452
519
700
558
689
735
728
630
710
713
1,981
EPS in Rs
3.19
2.23
2.26
2.59
3.5
2.79
3.44
3.67
3.64
3.15
3.55
3.56
9.9
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue
3,383
3,270
3,536
4,228
5,584
7,567
7,267
6,986
7,082
7,831
10,345
13,150
Expenses
477
319
468
526
652
544
277
111
279
134
-46
1,162
Financing Profit
1,131
1,044
1,082
1,408
1,861
2,176
2,225
2,342
2,296
2,736
3,644
3,057
Fin. Margin %
33%
32%
31%
33%
33%
29%
31%
34%
32%
35%
35%
23%
Other Income
44
37
98
6
7
4
11
11
4
117
4
177
Interest
1,775
1,908
1,986
2,295
3,071
4,848
4,765
4,533
4,507
4,961
6,747
8,931
Depreciation
5
5
5
5
5
6
7
8
11
10
11
13
PBT
1,170
1,076
1,175
1,408
1,863
2,174
2,229
2,346
2,289
2,843
3,637
3,221
Tax %
34%
27%
28%
28%
37%
21%
29%
27%
26%
26%
26%
-25%
Net Profit
768
783
842
1,010
1,180
1,708
1,578
1,716
1,701
2,117
2,709
4,034
EPS in Rs
384
3.91
4.21
5.04
5.89
8.53
7.89
8.57
8.5
10.57
13.53
20.15
Div. Payout %
13%
13%
13%
11%
14%
36%
28%
41%
45%
39%
31%
30%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
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
5,779
6,444
7,166
7,940
8,953
10,340
11,186
12,465
13,442
14,611
15,966
19,974
Borrowing
18,315
25,449
28,196
36,277
59,848
61,437
60,978
61,503
62,905
73,996
1,07,297
1,41,677
Other Liabilities
7,018
1,999
1,975
2,695
2,026
2,347
2,792
2,924
2,621
2,814
3,231
3,186
Total Liabilities
33,114
35,894
39,339
48,914
72,828
76,126
76,958
78,894
80,969
93,422
1,28,496
1,66,838
Fixed Assets
75
73
72
71
71
65
82
93
90
88
88
88
CWIP
25
39
43
35
39
52
39
25
19
15
16
23
Investments
756
367
367
527
534
232
250
257
630
297
1,318
2,227
Other Assets
32,259
35,415
38,857
48,281
72,185
75,777
76,588
78,518
80,230
93,022
1,27,074
1,64,500
Total Assets
33,114
35,894
39,339
48,914
72,828
76,126
76,958
78,894
80,969
93,422
1,28,496
1,66,838
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-182
-4,965
-2,598
-7,830
-23,400
-1,336
2,161
-806
-851
-10,287
-31,603
-33,912
Investing
-13
372
-5
-4
18
83
-14
-1
-352
435
-939
-884
Financing
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
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
10%
10%
9%
11%
11%
15%
12%
12%
11%
13%
16%
20%

Shareholding Pattern

As of Mar 2026
Promoters 75.00%
DIIs 11.03%
Public 10.43%
FIIs 2.22%
Others 1.32%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters
89.81%
89.81%
81.81%
81.81%
81.81%
81.81%
81.81%
81.81%
81.81%
81.81%
81.81%
75.17%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
1.20%
1.91%
2.70%
2.32%
2.08%
2.46%
1.96%
1.94%
1.97%
2.22%
DIIs
2.29%
2.15%
8.66%
8.27%
7.96%
7.81%
7.61%
7.31%
7.30%
7.17%
7.15%
11.80%
11.39%
11.65%
9.05%
9.75%
9.69%
10.26%
10.92%
11.46%
11.03%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
6.67%
6.65%
8.10%
8.52%
8.71%
8.90%
9.02%
9.13%
9.15%
9.20%
8.42%
9.24%
9.79%
9.11%
12.21%
11.73%
11.49%
11.33%
10.80%
10.30%
10.43%
Others
1.24%
1.39%
1.43%
1.41%
1.53%
1.48%
1.56%
1.75%
1.74%
1.82%
2.62%
2.59%
1.91%
1.54%
1.43%
1.44%
1.36%
1.44%
1.34%
1.26%
1.32%
No. of Shareholders
0
2,81,306
2,88,302
3,12,228
3,17,007
3,27,104
3,27,091
3,28,228
3,26,427
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
7,90,412

Documents

1
Concall - Nov 2017 Nov 2017
2
Concall - Feb 2018 Feb 2018
3
Concall - May 2018 May 2018
4
Concall - Sep 2018 Sep 2018
5
Concall - Nov 2018 Nov 2018

Frequently Asked Questions about Housing & Urban Development Corporation Ltd

What does Housing & Urban Development Corporation Ltd do?
Housing & Urban Development Corporation Ltd is primarily engaged in the business of financing housing and urban development activities in the country.[1]
Where is Housing & Urban Development Corporation Ltd (HUDCO) listed?
Housing & Urban Development Corporation Ltd is listed on the Indian stock exchanges. It is listed on NSE: HUDCO and BSE: 540530. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Housing & Urban Development Corporation Ltd belong to?
Housing & Urban Development Corporation Ltd operates in the Financial Services sector within the Finance industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Housing & Urban Development Corporation Ltd?
Housing & Urban Development Corporation Ltd has a market capitalisation of approximately ₹42144.00 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Housing & Urban Development Corporation Ltd?
The Price-to-Earnings (PE) ratio of Housing & Urban Development Corporation Ltd is 10.33. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Housing & Urban Development Corporation Ltd?
Over the past 52 weeks, Housing & Urban Development Corporation Ltd has traded between a low of ₹159 and a high of ₹246.85. This range helps investors understand the stock's price volatility and recent trading levels.
Does Housing & Urban Development Corporation Ltd pay dividends?
Yes, Housing & Urban Development Corporation Ltd has a dividend yield of 2.19%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Housing & Urban Development Corporation Ltd?
Housing & Urban Development Corporation Ltd has a Return on Equity (ROE) of 11.02%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Housing & Urban Development Corporation Ltd on Tapetide?
On Tapetide, you can view Housing & Urban Development Corporation Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

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

Website hudco.org.in
CEO Mr. Sanjay Kulshrestha
Employees 619
Listed 2017-05-19
Face Value ₹ 10
Issued Size 2,00,19,00,000

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