HB Stockholdings Ltd. (HBSL) AI Stock Analysis

• Market Cap: ₹456.03M
• Dividend Yield: 1.36%
• Average Volume (3M): 8.96K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.69
• Revenue Growth: -143.39%
• EPS Growth: -166.54%
• Country: IN
• Employees: 8
• Sector: Services
• Sector Strength: N/A
• Industry: Financial - Capital Markets
• EPS (TTM): -6.45
• 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: 54 Neutral
• Price Target: ₹65.00 ▼(-9.83% Downside)

The overall stock score is primarily influenced by financial performance challenges, including negative cash flows and fluctuating revenues. Technical analysis provides some positive momentum, but valuation concerns due to negative earnings weigh heavily. The absence of earnings call data and corporate events limits additional insights.

Positive Factors

High Equity Ratio

A high equity ratio provides a durable financial cushion that reduces insolvency risk and supports longer-term strategic choices. It helps absorb operational losses during downturns, preserves borrowing capacity, and gives management flexibility to pursue restructuring or growth initiatives.

Adequate Cash Position

Having adequate cash reserves is a lasting strength that preserves operational continuity while management executes turnarounds. Cash buffers lower short-term liquidity risk, allow prioritized spending on core operations, and buy time to implement structural fixes to return cash flow to positive.

Access to Financing

Demonstrated access to external financing is a structural advantage that enables the company to fund operations and investments despite weak operating cash flow. Reliable financing channels provide a bridge to profitable operations if management can execute sustainable revenue and margin improvements.

Negative Factors

Severe Revenue Decline

A very large revenue decline undermines scale economics and long-term viability. Sustained top-line erosion narrows margins, reduces cash generation, and weakens competitive position; reversing this trend requires durable improvements in client acquisition, product offering, or market positioning.

Negative Operating & Free Cash Flow

Persistent negative operating and free cash flows signal an inability to fund core operations from business activities. Over months this forces dependence on financing, curtails reinvestment, and raises solvency risk if capital markets tighten, making operational turnaround urgency structural.

Volatile, Negative Profitability

Inconsistent revenues and negative EBIT reflect weak underlying business economics and margin erosion. This persistent profitability volatility complicates planning, limits retained earnings, and reduces creditworthiness, requiring structural cost, product, or business-model changes to restore sustainable profitability.

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.

How the Company Makes Money

HBSL generates revenue through multiple streams, including capital gains from the appreciation of its investment portfolio, rental income from real estate holdings, and dividends from equity investments in public and private companies. The company also engages in strategic partnerships with other firms, enhancing its investment capabilities and expanding its market reach. Additionally, HBSL may earn management fees and performance incentives from funds it manages, contributing to its overall earnings.

HB Stockholdings Ltd. Financial Statement Overview

Summary

HB Stockholdings Ltd. faces challenges with fluctuating revenues and profits, alongside negative cash flows. While the balance sheet remains strong, operational inefficiencies and reliance on external financing highlight potential risks. Improving operational performance and cash flow generation will be crucial for future stability.

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	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	-2.04M	84.72M	443.64M	55.35M	68.96M	29.11M
Gross Profit	-13.45M	75.94M	439.02M	46.81M	62.63M	25.14M
EBITDA	-94.25M	-92.37M	416.30M	-18.02M	159.28M	119.27M
Net Income	-109.97M	-120.14M	375.35M	-20.13M	151.86M	117.53M
Balance Sheet
Total Assets	0.00	1.06B	1.10B	680.92M	706.95M	582.78M
Cash, Cash Equivalents and Short-Term Investments	661.32M	310.95M	235.24M	368.40M	424.93M	231.48M
Total Debt	0.00	138.50M	11.70M	8.12M	538.56K	2.58M
Total Liabilities	-900.04M	164.63M	64.39M	20.95M	19.25M	51.25M
Stockholders Equity	900.04M	900.04M	1.03B	659.98M	687.70M	531.52M
Cash Flow
Free Cash Flow	0.00	-50.52M	326.66M	-41.09M	-121.01M	53.63M
Operating Cash Flow	0.00	-50.44M	332.79M	-28.94M	-120.67M	53.70M
Investing Cash Flow	0.00	-11.52M	-311.60M	-14.62M	152.25M	-42.56M
Financing Cash Flow	0.00	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: Neutral
• STOCH: Neutral

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 67.77, below the 50-day MA of 72.49, and below the 200-day MA of 81.76, indicating a bearish trend. The MACD of -3.03 indicates Positive momentum. The RSI at 35.16 is Neutral, neither overbought nor oversold. The STOCH value of 45.62 is Neutral, 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
HYBRIDFIN	76 Outperform	₹676.74M	21.09	―	―	-5.50%	-12.14%
BLBLIMITED	61 Neutral	₹711.57M	2.74	―	―	-19.34%	14.87%
DBSTOCKBRO	60 Neutral	₹868.00M	20.54	―	―	-39.80%	-49.61%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
HBSL	54 Neutral	₹456.03M	-2.90	―	1.36%	-143.39%	-166.54%
21STCENMGM	53 Neutral	₹433.65M	-2.16	―	5.12%	―	―
KHANDSE	49 Neutral	₹285.25M	-15.36	―	―	-12.64%	-390.34%