HB Stockholdings Ltd. (HBSL) AI Stock Analysis

• Market Cap: ₹341.97M
• Dividend Yield: 1.36%
• Average Volume (3M): 8.96K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.64
• Revenue Growth: -143.39%
• EPS Growth: -166.54%
• Country: IN
• Employees: 8
• Sector: Services
• Sector Strength: N/A
• Industry: Financial - Capital Markets
• EPS (TTM): -5.24
• Shares Outstanding: 7,137,665
• 10 Day Avg. Volume: 23,637
• 30 Day Avg. Volume: 8,963
• PEG Ratio: 0.03
• Price to Book (P/B): 0.59
• Price to Sales (P/S): 6.28
• P/FCF Ratio: -10.54
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: ₹47.00 ▼(-34.80% Downside)
• Action: Reiterated Date: 02/26/26
• Date: Action: Reiterated 02/26/26

The score is held down primarily by weak financial performance (volatile results, latest loss, and negative operating/free cash flow) and bearish technical signals (price below key moving averages with negative MACD). A relatively stronger balance sheet and a modest dividend provide only partial support, while the negative P/E reflects loss-making conditions.

Positive Factors

Balance-sheet strength

A high equity ratio and solid balance-sheet foundation give the company structural resilience. Over the next 2–6 months this equity cushion helps absorb operating losses, supports counterparty confidence, and preserves optionality for restructuring or strategic actions without immediate solvency pressure.

Adequate cash reserves

Holding meaningful cash reserves provides a useful runway while management addresses operational weaknesses. Adequate liquidity reduces the likelihood of forced asset sales or urgent recapitalization in the near term and supports execution of turnaround initiatives or working-capital needs.

Access to external financing

Demonstrated ability to raise cash via financing is a durable structural strength: it allows the company to fund shortfalls, refinance maturing obligations, and execute strategic steps while operations stabilize. Continued access mitigates immediate liquidity stress risk.

Negative Factors

Negative operating and free cash flow

Persistent negative operating and free cash flow erodes reserves and forces reliance on external financing. Over months this weakens financial flexibility, can lead to higher borrowing costs or dilution, and constrains the company's ability to invest in growth or remediate margin deficiencies.

Volatile revenue and sustained losses

Large revenue swings and recent negative net income indicate fragile demand or execution problems. Such volatility undermines predictability of cash flows and hampers planning. Without stable revenue recovery, profitability and margin restoration will be difficult to sustain over the medium term.

Rising leverage and declining equity

Increasing leverage alongside falling shareholders' equity raises solvency and refinancing risk if earnings don't recover. Higher debt amplifies interest burden and reduces strategic flexibility, making the company more vulnerable to adverse shocks and limiting capacity for investment or acquisitions.

HB Stockholdings Ltd. Business Overview & Revenue Model

Company Description

HB Stockholdings Limited, a non-banking financial company, engages in the investment and finance activities in India. It is involved in the investment, purchase, and sale of securities. The company was formerly known as HB Portfolio Leasing Limited and changed its name to HB Stockholdings Limited in February 1997. HB Stockholdings Limited was incorporated in 1985 and is based in Gurugram, India.

HB Stockholdings Ltd. Financial Statement Overview

Summary

Financials are mixed but skew weak: the income statement shows large volatility with a latest-period revenue decline and negative net income, and cash flows are negative in operating and free cash flow with reliance on external financing. The balance sheet is comparatively stronger with a high equity ratio and good cash, but rising debt-to-equity and a decline in stockholders’ equity add risk.

Income Statement

The income statement shows significant volatility. The company experienced large fluctuations in revenue and net income over recent years, with a substantial decline in revenue and a negative net income in the latest period. Gross profit margin has been inconsistent, and EBIT margin turned negative, reflecting operational challenges.

Balance Sheet

The balance sheet is relatively strong with a high equity ratio, indicating a solid financial foundation. However, the debt-to-equity ratio increased due to rising debt levels, posing a risk if earnings do not improve. The company maintains a good cash position, but the decline in stockholders' equity in the latest period is concerning.

Cash Flow

Cash flow analysis reveals negative operating and free cash flow in the latest periods, which is worrying. Despite adequate cash reserves, the inability to generate positive cash flow from operations could indicate potential liquidity issues if trends do not reverse. The cash flow from financing is positive, suggesting reliance on external financing.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	-9.32M	84.72M	443.64M	55.35M	68.96M	29.11M
Gross Profit	-25.27M	75.94M	439.02M	46.81M	62.63M	25.14M
EBITDA	-150.94M	-92.37M	416.30M	-18.02M	159.28M	119.27M
Net Income	-157.22M	-120.14M	375.35M	-20.13M	151.86M	117.53M
Balance Sheet
Total Assets	1.08B	1.06B	1.10B	680.92M	706.95M	582.78M
Cash, Cash Equivalents and Short-Term Investments	37.01M	310.95M	235.24M	368.40M	424.93M	231.48M
Total Debt	123.49M	138.50M	11.70M	8.12M	538.56K	2.58M
Total Liabilities	158.59M	164.63M	64.39M	20.95M	19.25M	51.25M
Stockholders Equity	923.03M	900.04M	1.03B	659.98M	687.70M	531.52M
Cash Flow
Free Cash Flow	-116.45M	-50.52M	326.66M	-41.09M	-121.01M	53.63M
Operating Cash Flow	-116.38M	-50.44M	332.79M	-28.94M	-120.67M	53.70M
Investing Cash Flow	74.00M	-11.52M	-311.60M	-14.62M	152.25M	-42.56M
Financing Cash Flow	-25.50M	113.82M	-385.00K	7.18M	-2.17M	-2.17M

HB Stockholdings Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 72.09
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HBSL, the sentiment is Negative. The current price of 72.09 is above the 20-day moving average (MA) of 55.28, above the 50-day MA of 62.30, and below the 200-day MA of 78.17, indicating a bearish trend. The MACD of -4.24 indicates Positive momentum. The RSI at 25.87 is Positive, neither overbought nor oversold. The STOCH value of 9.85 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:HBSL.

HB Stockholdings Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BLBLIMITED	74 Outperform	₹919.86M	2.17	―	―	-19.34%	14.87%
HYBRIDFIN	65 Neutral	₹448.02M	32.32	―	―	-5.50%	-12.14%
DBSTOCKBRO	60 Neutral	₹885.50M	24.54	―	―	-39.80%	-49.61%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
KHANDSE	48 Neutral	₹243.15M	-16.07	―	―	-12.64%	-390.34%
HBSL	46 Neutral	₹341.97M	-3.44	―	1.36%	-143.39%	-166.54%
21STCENMGM	45 Neutral	₹346.50M	-2.32	―	5.12%	―	―