Housing Development & Infrastructure Ltd. (HDIL) AI Stock Analysis

• Market Cap: ₹1.12B
• Dividend Yield: N/A
• Average Volume (3M): 47.61K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.54
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: IN
• Employees: 286
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Diversified
• EPS (TTM): N/A
• Shares Outstanding: 474,004,000
• 10 Day Avg. Volume: 54,060
• 30 Day Avg. Volume: 47,611
• PEG Ratio: 311.95
• Price to Book (P/B): -0.15
• Price to Sales (P/S): 10.38
• P/FCF Ratio: -869.54
• 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: 44 Neutral
• Price Target: ₹2.50 ▲(3.73% Upside)
• Action: N/A Date: 01/04/26
• Date: Action: N/A 01/04/26

The score is held down primarily by weak financial fundamentals (negative equity, high debt, and inconsistent/negative operating and free cash flow) and a soft technical setup (below key moving averages with negative MACD). Valuation impact is neutral due to missing P/E and dividend yield data.

Positive Factors

Revenue rebound & healthier gross margin

A material revenue rebound and ~33% gross margin indicate improved pricing or project mix and demonstrate the company's ability to generate higher top-line and core profitability when projects are delivered. Over 2–6 months this supports sustainable margin recovery if execution and project monetization continue.

Relatively stable total asset base

A stable asset base provides tangible collateral and underlying project/inventory value that can be monetized or used in restructuring. For a developer, persistent assets support turnaround options, negotiations with lenders, and potential asset-led recovery over the medium term.

Redevelopment economics provide monetization levers

The firm's slum-rehabilitation and redevelopment model yields a free-sale component (development rights) that can be sold to generate cash and margins. Structurally, this model creates recurring monetization opportunities tied to regulatory frameworks in core markets, supporting revenue visibility when projects progress.

Negative Factors

Negative shareholders' equity

Negative equity signals accumulated losses or write-downs that erode investor capital and limit the company's ability to absorb shocks. Over months this constrains access to conventional financing, weakens creditor confidence, and raises the likelihood of restructuring or distressed financing needs.

Very large and persistent debt

A large, enduring debt burden increases interest and refinancing risk, limiting capacity to fund new projects or absorb delays. In a capital-intensive developer, this structural leverage pressure can throttle growth and force asset sales or dilutive recapitalizations in the medium term.

Inconsistent and often negative cash generation

Recurrent negative operating and free cash flow undermines the conversion of reported profits into liquidity, forcing reliance on external funding to complete projects. Over 2–6 months this raises the risk of project delays, weaker supplier terms, and constrained working capital for deliveries.

Housing Development & Infrastructure Ltd. Business Overview & Revenue Model

Company Description

Housing Development and Infrastructure Limited engages in the real estate construction, development, and other related activities in India. The company's residential projects include apartment complexes, towers, and townships; commercial projects comprise office spaces and multiplex cinemas; and retail projects consists of shopping malls. It also develops slum rehabilitation projects. The company was incorporated in 1996 and is based in Mumbai, India.

How the Company Makes Money

Housing Development & Infrastructure Ltd. Financial Statement Overview

Summary

Financial risk remains elevated despite a FY2025 rebound: multi-year net losses and weak operating profitability persist historically, stockholders’ equity is negative across all reported years, debt is very large, and operating/free cash flow is often negative (including FY2025), raising concerns about liquidity and turnaround sustainability.

Income Statement

Profitability remains weak across most annual periods, with large net losses in FY2021–FY2024 and deeply negative operating profitability. FY2025 shows a sharp rebound in reported revenue (annual revenue up materially vs prior year) and near break-even net income, with a healthier gross profit margin (~33%), but operating metrics are still strained (very low EBITDA margin) and the historical volatility and multi-year losses keep earnings quality and sustainability concerns elevated.

Balance Sheet

The balance sheet is highly stressed: stockholders’ equity is negative across all reported years, indicating accumulated losses and/or write-downs that leave limited financial flexibility. Total debt remains very large and essentially unchanged year-to-year, while negative equity makes leverage structurally problematic and raises refinancing and solvency risk despite a relatively stable total asset base.

Cash Flow

Cash generation is inconsistent and often negative, with operating and free cash flow negative in multiple years (FY2021, FY2022, FY2023, FY2025) and only one notably positive year (FY2024). FY2025 returns to negative operating/free cash flow, suggesting the recent improvement in net income is not translating into cash, increasing liquidity pressure and reducing confidence in the durability of the turnaround.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	339.56M	16.15M	13.11M	21.54M	21.37M
Gross Profit	112.03M	16.15M	26.86M	21.54M	21.37M
EBITDA	3.64M	-89.60M	-170.73M	-111.48M	-94.55M
Net Income	-113.00K	-103.17M	-198.04M	-122.86M	-121.84M
Balance Sheet
Total Assets	39.48B	39.66B	39.63B	39.66B	39.71B
Cash, Cash Equivalents and Short-Term Investments	175.22M	289.42M	71.30M	201.36M	63.13M
Total Debt	24.84B	24.84B	24.84B	24.84B	24.81B
Total Liabilities	62.42B	62.61B	62.48B	62.31B	62.23B
Stockholders Equity	-22.95B	-22.95B	-22.85B	-22.65B	-22.52B
Cash Flow
Free Cash Flow	-4.05M	102.11M	-20.31M	-377.00K	-40.54M
Operating Cash Flow	-4.05M	102.11M	-20.31M	-377.00K	-40.54M
Investing Cash Flow	0.00	0.00	2.78M	3.71M	-16.00K
Financing Cash Flow	0.00	0.00	511.00K	24.94M	39.75M

Housing Development & Infrastructure Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
AURUM	50 Neutral	₹13.25B	102.20	―	―	16.23%	29.20%
HEMIPROP	46 Neutral	₹39.39B	-311.57	―	―	-17.67%	6.50%
HDIL	44 Neutral	₹1.12B	-7.38	―	―	―	―
PARSVNATH	40 Underperform	₹3.17B	-0.76	―	―	-37.98%	40.32%
UNITECH	39 Underperform	₹12.63B	-0.44	―	―	-10.36%	46.24%
OMAXE	39 Underperform	₹14.30B	-2.47	―	―	-22.30%	-8.72%