HUDCO
HUDCO
Financial ServicesKey Fundamentals
SmallcapFinancial InstitutionFinancial ServicesPrice-based figures as of 09 Oct 2026, 15:57 IST · EPS basis: Consolidated · TTM
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
3- Stock is providing a good dividend yield of 3.81%.
- Company has delivered good profit growth of 20.5% 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
change over 1 year
change over 1 year
change over 1 year
change over 1 year
AI Analysis — Bull vs Bear
As of the 2026-10-06 close, HUDCO traded at 161.04, with a market cap of Rs 32,238.6 cr, a TTM P/E of 7.57 and a P/B of 1.57. Profits grew 53% on a TTM basis and at a 33% CAGR over 3 years, and ROE was 18.36%. The stock is down 30% over the past year and sits about 3.4% above its 52-week low of 155.8, roughly 34.8% below its 52-week high of 246.85.
- Earnings growth has picked up. TTM profit growth is 53%, ahead of the 3-year CAGR of 33%, the 5-year CAGR of 20% and the 10-year CAGR of 18%.
- Revenue growth has also sped up. TTM sales growth is 26% and the 3-year sales CAGR is 23%, versus a 5-year CAGR of 13% and a 10-year CAGR of 15%.
- Return on equity has improved steadily. Current ROE is 18.36% and last year's was 20%, compared with 3-year, 5-year and 10-year averages of 17%, 15% and 14%.
- The valuation is low compared with earnings. The TTM P/E is 7.57 on TTM EPS of 21.26, and the P/B is 1.57 with ROE at 18.36%.
- The 30% one-year price fall has not come with weaker earnings, since TTM profit grew 53% over the same period. The price is now about 34.8% below the 52-week high of 246.85.
- The company keeps a dividend payout of about 33.3%, which leaves roughly two-thirds of profits in the business to fund loan-book growth.
- Long-term shareholder returns have been strong despite the recent fall. The stock's CAGR is 21% over 3 years and 29% over 5 years.
- The price trend is weak. The stock is down 30% over one year and trades at 161.04, only about 3.4% above its 52-week low of 155.8.
- The company has a low interest coverage ratio. That is common for leveraged lenders, but it still means a small squeeze on spreads or a rise in funding costs could cut into earnings, especially with ROCE at only 7.54%.
- Leverage cannot be checked from this data because the debt-to-equity figure is not available. The gap between ROE of 18.36% and ROCE of 7.54% points to returns that depend heavily on borrowed money.
- Some of the 53% TTM profit growth may not last. The tax rate is flagged as low and interest costs may be getting capitalized, both of which can make reported EPS of 21.26 look better than its underlying quality.
- Recent growth is well above the long-term trend. TTM sales growth of 26% and profit growth of 53% compare with 10-year CAGRs of 15% and 18%, which suggests growth could slow back toward those levels.
- The trailing dividend yield is a modest 0.77% at the 2026-10-06 price. The data also conflicts: a separate figure of 3.73% doesn't match, so income investors should check the actual payout before relying on it.
- Lending is concentrated in housing and urban infrastructure, so a cyclical downturn or stress among borrowers could hurt asset quality. A P/B of 1.57 already prices in more than book value.
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- H1FY26 disbursements jump 37% Sep 30
Loan disbursements rose 37% to ₹35,371 crore in H1FY26 from ₹25,838 crore a year earlier. Loan sanctions stood at ₹1,04,592 crore, which points to a strong pipeline.
- Q1FY27 profit surges 35% Sep 18
Q1FY27 net profit rose 35.1% YoY to ₹851 crore on revenue up 26.6% to ₹3,717 crore. Yield on loan assets was 8.78%, NIM was 2.72%, and cost of funds fell to 6.95%.
- Strong asset quality and capital Sep 18
Gross NPA was 0.96% and net NPA 0.048% in Q1FY27, with provision coverage at 95.06%. CRAR of 39.4% is well above the 15% regulatory minimum, and net worth stands at ₹22,867.3 crore.
- ₹3 lakh crore loan book target Sep 18
HUDCO aims to grow its infrastructure loan portfolio to ₹3 lakh crore by 2030 from ₹1.7 lakh crore in Q1FY27. An outstanding sanction pipeline of about ₹2.5 lakh crore backs this goal.
- 3.6% dividend yield, rising payouts Sep 18
Total FY26 dividend was ₹1,211.2 crore, made up of ₹910.9 crore in interim and ₹300.3 crore in final dividends. DPS rose from ₹3.50 in FY22 to ₹6.05 in FY26, and CPSE norms require a minimum payout of 30% of profit or 4% of net worth.
- Dual 'Strong/Performer' ESG ratings Sep 18
CRISIL gave HUDCO an ESG score of 64 ('Strong') on Sep 16, and Niche Ninety Nine rated it 65.13 ('Performer') on Sep 18. Both ratings used only public domain information.
- Promoter stake consolidated under MoHUA Sep 22
A 20.73% promoter stake moved from the Ministry of Rural Development to MoHUA, which now holds the government's entire stake. Total government holding stays unchanged at 75%.
- CCO Nishi Rani tenure extended Sep 25
Chief Compliance Officer Nishi Rani's tenure was extended by one year from September 29, 2026, in line with RBI governance norms.
TL;DR: HUDCO's momentum is strong. Disbursements grew 37% in H1FY26 and Q1FY27 profit grew 35%, while asset quality stayed clean (net NPA 0.048%) and capital was ample (CRAR 39.4%). The main risks are a fairly thin 2.72% NIM, which is exposed to borrowing-cost swings, and the wide gap between ₹1.05 lakh crore in sanctions and ₹35,371 crore in disbursements, which raises execution risk on converting the pipeline. The trend is improving, and turning the ₹2.5 lakh crore pipeline into disbursements on the path to the ₹3 lakh crore 2030 target will be the key thing to watch.
Quarterly Results
| Particulars | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,843 | 1,865 | 2,013 | 2,065 | 2,188 | 2,518 | 2,760 | 2,845 | 2,937 | 3,219 | 3,431 | 3,563 | 3,717 |
| Expenses | 60 | 55 | 12 | 8 | 47 | -138 | 73 | -28 | 109 | 147 | 320 | 587 | 109 |
| Financing Profit | 592 | 593 | 688 | 817 | 678 | 994 | 924 | 1,014 | 852 | 926 | 717 | 563 | 1,048 |
| Fin. Margin % | 32% | 32% | 34% | 40% | 31% | 39% | 33% | 36% | 29% | 29% | 21% | 16% | 28% |
| Other Income | 9 | 16 | 10 | 129 | 9 | 8 | 10 | 10 | 8 | 32 | 74 | 62 | 20 |
| Interest | 1,191 | 1,217 | 1,313 | 1,240 | 1,464 | 1,662 | 1,762 | 1,859 | 1,976 | 2,147 | 2,394 | 2,413 | 2,561 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 4 | 3 | 3 | 3 | 4 | 2 |
| PBT | 598 | 606 | 696 | 943 | 685 | 1,000 | 932 | 1,020 | 857 | 955 | 788 | 621 | 1,066 |
| Tax % | 25% | 26% | 25% | 26% | 19% | 31% | 21% | 29% | 26% | 26% | 10% | -219% | 20% |
| Net Profit | 446 | 452 | 519 | 700 | 558 | 689 | 735 | 728 | 630 | 710 | 713 | 1,981 | 851 |
| EPS (₹) | 2.23 | 2.26 | 2.59 | 3.5 | 2.79 | 3.44 | 3.67 | 3.64 | 3.15 | 3.55 | 3.56 | 9.9 | 4.25 |
Profit & Loss
| Particulars | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 13,930 |
| Expenses | 477 | 319 | 468 | 526 | 652 | 544 | 277 | 111 | 279 | 134 | -46 | 1,162 | 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 | 3,253 |
| Fin. Margin % | 33% | 32% | 31% | 33% | 33% | 29% | 31% | 34% | 32% | 35% | 35% | 23% | 23% |
| Other Income | 44 | 37 | 98 | 6 | 7 | 4 | 11 | 11 | 4 | 117 | 4 | 177 | 189 |
| 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 | 9,515 |
| Depreciation | 5 | 5 | 5 | 5 | 5 | 6 | 7 | 8 | 11 | 10 | 11 | 13 | 12 |
| 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 | 3,430 |
| 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 | 4,255 |
| EPS (₹) | 384 | 3.91 | 4.21 | 5.04 | 5.89 | 8.53 | 7.89 | 8.57 | 8.5 | 10.57 | 13.53 | 20.15 | 21.26 |
| Div. Payout % | 13% | 13% | 13% | 11% | 14% | 36% | 28% | 41% | 45% | 39% | 31% | 30% | — |
Balance Sheet
| Particulars | 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 | 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 |
Cash Flow
| Particulars | 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 | -182 | -4,965 | -2,598 | -7,830 | -23,400 | -1,336 | 2,161 | -806 | -851 | -10,287 | -31,421 | -33,912 |
| Investing | -13 | 372 | -5 | -4 | 18 | 83 | -14 | -1 | -352 | 435 | -1,041 | -884 |
| Financing | 204 | 4,659 | 2,509 | 7,858 | 23,422 | 1,365 | -1,083 | 81 | 691 | 10,174 | 32,218 | 34,793 |
| Net Cash Flow | 9 | 66 | -93 | 24 | 39 | 112 | 1,063 | -726 | -512 | 322 | -244 | -3 |
| Free Cash Flow | -193 | -4,982 | -2,606 | -7,837 | -23,408 | -1,349 | 2,150 | -812 | -853 | -10,283 | -31,442 | -33,906 |
| CFO/OP | 7 | -155 | -72 | -199 | -462 | -13 | 37 | -6 | -6 | -127 | -296 | -278 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE % | 10% | 10% | 9% | 11% | 11% | 15% | 12% | 12% | 11% | 13% | 16% | 20% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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57 extracted metrics + investor summaries across FY09–FY27.
Documents
Frequently Asked Questions about HUDCO
What does Housing & Urban Development Corporation Ltd do?
Where is Housing & Urban Development Corporation Ltd (HUDCO) listed?
Which sector does Housing & Urban Development Corporation Ltd belong to?
What is the market capitalisation of Housing & Urban Development Corporation Ltd?
What is the PE ratio of Housing & Urban Development Corporation Ltd?
What is the 52-week high and low of Housing & Urban Development Corporation Ltd?
Does Housing & Urban Development Corporation Ltd pay dividends?
What is the Return on Equity (ROE) of Housing & Urban Development Corporation Ltd?
Company Information
Housing & Urban Development Corporation Ltd is primarily engaged in the business of financing housing and urban development activities in the country.[1]
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