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    HB Estate Developers Limited

    Gurugram-based real-estate company whose core operating asset is a hotel property, Taj City Centre, Gurugram, run by The Indian Hotels Company (Taj)

    Realty
    Consumer Discretionary

    Overview

    Price

    Market Cap

    ₹177 Cr

    Sector

    Realty

    Consumer Discretionary

    Rank

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital2020202020222223
    Reserves186154138126129153157170
    Borrowings274328347331311284268258
    Other Liabilities3928252934383939
    Total Liabilities519529530505494496487491
    AssetsFixed Assets435422416411406404402398
    CWIP00000000
    Investments22333222
    Other Assets821051119185908391
    Total Assets519529530505494496487491

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating3429-14342493545
    Cash from Investing61000-2-1-4-1
    Cash from Financing-38-4216-6-41-45-32-36
    SummaryCapital Expenditure
    Free Cash Flow3326-14240462944
    FCF Margin

    Valuation

    Too capital-hungry for an earnings DCF

    For capital-heavy businesses (telecom, power, heavy manufacturing) reported profit ignores the cash needed just to stand still. We'd systematically overvalue it, so we don't show a number.

    HBESD · CAPITAL_INTENSIVE

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