HUDCO Secures ACUITE AAA Rating for Rs 4,500 Crore Perpetual Tier 1 Bonds

Housing & Urban Development Corp. Ltd. ( (IN:HUDCO) ) just unveiled an update.

Housing and Urban Development Corporation Limited has received an ‘ACUITE AAA’ long-term rating with a Stable outlook from Acuite Ratings for its proposed Rs. 4,500 crore Perpetual Additional Tier 1 bonds. The rating underscores HUDCO’s strong government backing, with the Government of India holding a 75% stake, and its strategic role as a nodal agency for key affordable housing and urban development programmes.

Acuite highlighted HUDCO’s long operating track record, diversified funding profile, and growing loan book, with AUM rising about 35% year-on-year to Rs. 1,24,828 crore in FY2025 and profit after tax increasing 28% to Rs. 2,709.14 crore. The assessment also reflects improving asset quality, as gross NPAs fell to 1.67% and net NPAs to 0.25%, although the concentration of the loan book in its top 20 exposures and the need to manage slippages and maintain its strategic government role remain key sensitivities for stakeholders.

More about Housing & Urban Development Corp. Ltd.

Housing and Urban Development Corporation Limited (HUDCO), incorporated in 1970 and based in New Delhi, is a publicly listed Infrastructure Finance Company registered with the Reserve Bank of India. It primarily finances housing and urban development as well as broader infrastructure projects for state governments, agencies, municipal bodies and public-sector undertakings across India.

Average Trading Volume: 369,224

Technical Sentiment Signal: Hold

Current Market Cap: 384.6B INR

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