HDIL

Housing Development and Infrastructure financials

Market cap
₹71 Cr
Sector
Realty

What Housing Development and Infrastructure Limited does

HDIL (Housing Development and Infrastructure Limited) develops residential and commercial real estate in and around Mumbai, including large township projects such as Paradise City in Palghar. As of FY19 it was developing projects at Kurla, Nahur, Mulund and Palghar. The company also earns from monetising its land bank and dealing in Transfer of Development Rights (TDR) and Floor Space Index (FSI), both central to Mumbai real-estate development. Development activity is carried out directly and through wholly owned project subsidiaries.

Segments

  • Residential real estate
  • Commercial real estate
Active project locations
Kurla, Nahur, Mulund, Palghar
Operating project subsidiaries
5 (BKC Developers, Guruashish Construction, Lashkaria Construction, Mazda Estates, Privilege Power and Infrastructure)
Paradise City township area (Palghar)
160 acres
Founded 1996Headquarters Bandra (East), Mumbai, Maharashtra Company website

Quarterly results

Q2 FY26: revenue down 2.4%, net profit down 2.5% against the same quarter last year.

₹ Cr · quarterly
Line itemQ3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue0 1 19 0 14 +3692%0 −50%0 −98%0 −2%
EBITDA-1 -4 -2 -2 7 +563%-3 +43%-2 −22%-2 −0%
Net profit-2 -5 -2 -2 7 +471%-3 +45%-2 −51%-2 −2%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −50.5% 1Y

₹1.50₹2.00₹2.50₹3.00Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26

1Y: ₹2.97 on 10 Sept 2025 → ₹1.47. High ₹3.16 (16 Sept 2025), low ₹1.47 (25 Aug 2026).

Financials, as filed

Revenue fell 53.5% a year over 4 years, FY17 to FY25. Operating margin narrowed to 1.0%.

Year endingFY17FY18FY19FY24FY25
Revenue₹724 Cr₹388 Cr₹718 Cr₹2 Cr₹34 Cr
Operating profit₹613 Cr₹403 Cr₹399 Cr₹-9 Cr₹0 Cr
Operating margin84.7%103.8%55.6%-437.6%1.0%
Interest₹428 Cr₹349 Cr₹281 Cr₹0 Cr₹0 Cr
Depreciation₹8 Cr₹7 Cr₹5 Cr₹3 Cr₹3 Cr
Net profit₹179 Cr₹96 Cr₹106 Cr₹-10 Cr₹-0 Cr
Net margin24.7%24.7%14.8%-503.9%-0.1%
Cash from operations—₹425 Cr₹385 Cr₹10 Cr₹-0 Cr
Free cash flow—₹425 Cr₹385 Cr₹10 Cr₹-0 Cr
ROCE5.0%3.0%3.0%——
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY20FY21FY22FY23FY24FY25
Equity capital₹474 Cr₹474 Cr₹474 Cr₹474 Cr₹474 Cr₹474 Cr
Reserves₹-2.7k Cr₹-2.7k Cr₹-2.7k Cr₹-2.8k Cr₹-2.8k Cr₹-2.8k Cr
Borrowings₹2.5k Cr₹2.5k Cr₹2.5k Cr₹2.5k Cr₹2.5k Cr₹2.5k Cr
Other liabilities₹3.7k Cr₹3.7k Cr₹3.7k Cr₹3.8k Cr₹3.8k Cr₹3.8k Cr
Total liabilities₹4.0k Cr₹4.0k Cr₹4.0k Cr₹4.0k Cr₹4.0k Cr₹3.9k Cr
Fixed assets₹213 Cr₹210 Cr₹207 Cr₹204 Cr₹202 Cr₹198 Cr
Capital work in progress₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Investments₹490 Cr₹490 Cr₹490 Cr₹490 Cr₹490 Cr₹490 Cr
Other assets₹3.3k Cr₹3.3k Cr₹3.3k Cr₹3.3k Cr₹3.3k Cr₹3.3k Cr
Total assets₹4.0k Cr₹4.0k Cr₹4.0k Cr₹4.0k Cr₹4.0k Cr₹3.9k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2019

Since Jun 2018, the public trimmed −6.62 pp while promoters added +5.36 pp. The shareholder count shrank 3% to 2,53,368.

Promoters
41.9%
FIIs
16.6%
DIIs
0.7%
Public
40.9%

Since Jun 2018

  • Public −6.62 pp
  • Promoters +5.36 pp
  • FIIs +1.83 pp

How it drifted, 12 quarters

Over this window FIIs fell from 46.3% to 16.6% — −29.7 pp.

Sep '16Dec '17Jun '19

Ownership split by quarter, oldest first. Sep '16: Promoters 34.3%, FIIs 46.3%, DIIs 1.5%, Public 17.9%.Dec '16: Promoters 36.5%, FIIs 42.6%, DIIs 1.6%, Public 19.3%.Mar '17: Promoters 36.5%, FIIs 44.9%, DIIs 1.4%, Public 17.2%.Jun '17: Promoters 36.5%, FIIs 42.3%, DIIs 1.9%, Public 19.3%.Sep '17: Promoters 36.5%, FIIs 34.0%, DIIs 4.1%, Public 25.4%.Dec '17: Promoters 36.5%, FIIs 26.1%, DIIs 4.4%, Public 33.0%.Mar '18: Promoters 36.5%, FIIs 17.8%, DIIs 6.3%, Public 39.4%.Jun '18: Promoters 36.5%, FIIs 14.8%, DIIs 1.2%, Public 47.5%.Sep '18: Promoters 36.5%, FIIs 14.2%, DIIs 0.9%, Public 48.4%.Dec '18: Promoters 39.3%, FIIs 13.3%, DIIs 0.6%, Public 46.8%.Mar '19: Promoters 39.3%, FIIs 17.2%, DIIs 0.6%, Public 42.9%.Jun '19: Promoters 41.9%, FIIs 16.6%, DIIs 0.7%, Public 40.9%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2019

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 6 holders trimming and 1 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2019 filing

Every holder of Housing Development and Infrastructure Limited above SEBI's 1% disclosure line, and what changed since Mar 2019.

HolderStakeChange
Sarang Wadhawan 12.48%+3.85 pp
Interactive Multimedia Technologies Privae Limited 6.36%−0.28 pp
Dinshaw Trapinex Builders Private Limited 6.04%−0.27 pp
Dheeraj Consultancy Private Limited 6.04%−0.27 pp
Orbis Sicav Emerging Markets Equity Fund FPI fund5.61%−0.29 pp
Rekaesh Kumar Wadhawan 5.40%+1.55 pp
Privilege Distilleries Private Limited 5.26%−0.24 pp
Government Pension Fund Global Sovereign1.22%newly disclosed
Vanguard Emerging Markets Stock Index Fund, A Seri Global fund house1.03%unchanged
Vanguard Total International Stock Index Fund Global fund house1.02%−0.07 pp
Anjana Rameshchandar Sakhuja 0.24%unchanged
Nikita Trehan 0.01%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Learn to analyse Housing Development and Infrastructure Limited

Guides on how to read this kind of business and the numbers that matter.