
About HB Estate Developers Limited
Data last updated:
HB Estate Developers Limited is a public limited company based in Gurgaon, Haryana, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 20 September 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Haryana, under CIN L99999HR1994PLC034146. Its GSTIN is 06AAACH3122M1ZT (Haryana). The company holds 5 GST registrations, of which 4 are active. Its shares are listed on BSE: 532334.
The company has an authorised share capital of ₹170 Cr and a paid-up capital of ₹127.96 Cr. It is led by directors including Sunil Malik and Anil Goyal.
Its last annual general meeting (AGM) was held on 06 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No. 31 Echelon Institutional Area Sector 32, Gurgaon, Haryana, India – 122001.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹116.93 Cr, a decline of 0.7% compared to the previous year. For the same year it recorded a net profit of ₹11.71 Cr (net margin 10%) and EBITDA of ₹40.71 Cr (EBITDA margin 34.8%). The net worth stands at ₹298.61 Cr (up 6.8% YoY). Total assets are valued at ₹461.68 Cr (down 1.5% YoY).
The company has about 242 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: HB Estate Developers. As per MCA filings, the company has open charges of ₹278.72 Cr and satisfied charges of ₹532.1 Cr on record. Court records list 25 cases involving the company, including 11 filed by the company and 12 filed against it; 4 cases are pending. The company has 10 deals on record (10 market trades); the latest was in June 2020. Its 10 peer companies in the Real Estate industry (Builders and Developers) are compared by revenue, 5 larger and 5 smaller; the largest is Bishorn Realtech Private Limited with revenue of ₹120.43 Cr. The company has 8 MSME Form 1 returns on record between 2019 and 2023, listing 305 overdue payments to 155 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hbestate.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressPlot No. 31 Echelon Institutional Area Sector 32, Gurgaon, Haryana, India – 122001
- IndustryReal Estate and Construction, Real Estate Builders & Developers
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Business Activity of HB Estate Developers Limited
The main business activities of HB Estate Developers are real estate and accommodation and food service. In detail, this covers real estate activities with own or leased property and accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc.. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property | Locked |
| I | Accommodation and Food Service | I1 | Accommodation services provided by Hotel, Inns, Resorts, holiday homes, hostel, etc. | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of HB Estate Developers Limited FY 2025-26 filings available
HB Estate Developers Limited reported revenue of ₹116.93 Cr (down 0.7% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 117 | 118 | 109 | 96.43 | 50.43 | 24.40 | 82.05 |
| Revenue growth | -0.7% | +7.6% | +13.5% | +91.2% | +106.7% | -70.3% | - |
| EBITDA | 40.71 | 43.08 | 38.85 | 31.96 | 7.89 | (5.80) | 26.34 |
| EBITDA margin | +34.8% | +36.6% | +35.5% | +33.1% | +15.7% | -23.8% | +32.1% |
| Profit before tax | 17.76 | 16.02 | 7.33 | 2.55 | (22.00) | (41.06) | (11.51) |
| Net profit | 11.71 | 10.81 | 4.03 | (11.96) | (15.57) | (30.36) | (8.46) |
| Net profit margin | +10.0% | +9.2% | +3.7% | -12.4% | -30.9% | -124.4% | -10.3% |
| EPS (₹) | 5.04 | 4.97 | 1.97 | (5.89) | (7.94) | (15.39) | (4.46) |
| Balance sheet | |||||||
| Total assets | 462 | 469 | 470 | 479 | 507 | 504 | 483 |
| Net worth | 299 | 280 | 204 | 250 | 263 | 278 | 291 |
| Total debt | 153 | 179 | 256 | 226 | 242 | 223 | 189 |
| Cash & bank | 26.73 | 19.11 | 11.25 | 12.48 | 18.71 | 21.81 | 6.78 |
| Net working capital | 27.77 | 20.98 | 16.13 | 16.78 | 24.04 | 23.12 | 0.28 |
| Cash flow | |||||||
| Cash from operations | 45.47 | 34.71 | 48.51 | 42.43 | 2.76 | (14.08) | 28.61 |
| Cash from investing | (0.93) | (3.97) | (1.17) | (1.86) | (0.37) | 0.37 | 9.93 |
| Cash from financing | (35.92) | (32.44) | (44.97) | (41.13) | (5.81) | 15.87 | (41.80) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 27.75 | 32.97 | 33.46 | 26.73 | 23.76 | 33.23 | 31.41 | 27.41 |
| Revenue growth (YoY) | +16.8% | -0.8% | +6.5% | -2.5% | -7.3% | - | - | - |
| Other income | 0.41 | 0.49 | 0.36 | 0.28 | 0.40 | 0.98 | 0.32 | 0.36 |
| EBITDA | 7.45 | 10.85 | 15.25 | 8.07 | 6.53 | 13.26 | 12.75 | 8.43 |
| EBITDA margin | +26.8% | +32.9% | +45.6% | +30.2% | +27.5% | +39.9% | +40.6% | +30.8% |
| Depreciation | 2.05 | 1.99 | 2.01 | 2.01 | 1.97 | 1.87 | 1.92 | 1.93 |
| Interest | 3.33 | 3.63 | 4.13 | 4.30 | 4.43 | 5.09 | 5.42 | 5.58 |
| Profit before tax | 2.48 | 5.72 | 9.47 | 2.04 | 0.53 | 7.28 | 5.73 | 1.28 |
| Tax | 0.94 | 2.18 | 2.96 | 0.77 | 0.15 | 2.70 | 0.92 | 0.80 |
| Net profit | 1.54 | 3.54 | 6.51 | 1.27 | 0.38 | 4.58 | 4.81 | 0.48 |
| EPS (₹) | 0.67 | 1.54 | 2.98 | 0.59 | 0.18 | 2.25 | 2.42 | 0.25 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 117 | 118 | 109 | 96.43 | 50.43 | 24.40 | 82.05 |
| Revenue growth | -0.7% | +7.6% | +13.5% | +91.2% | +106.7% | -70.3% | - |
| EBITDA | 40.71 | 43.08 | 38.85 | 31.96 | 7.89 | (5.80) | 26.34 |
| EBITDA margin | +34.8% | +36.6% | +35.5% | +33.1% | +15.7% | -23.8% | +32.1% |
| Profit before tax | 17.76 | 16.02 | 7.33 | 2.55 | (22.00) | (41.06) | (11.51) |
| Net profit | 11.71 | 10.60 | 3.75 | (11.96) | (15.57) | (30.36) | (8.46) |
| Net profit margin | +10.0% | +9.0% | +3.4% | -12.4% | -30.9% | -124.4% | -10.3% |
| EPS (₹) | 5.04 | 4.97 | 1.97 | (5.89) | (7.94) | (15.39) | (4.46) |
| Balance sheet | |||||||
| Total assets | 462 | 469 | 470 | 479 | 507 | 504 | 483 |
| Net worth | 299 | 280 | 204 | 250 | 263 | 275 | 291 |
| Total debt | 153 | 179 | 256 | 226 | 242 | 226 | 189 |
| Cash & bank | 26.73 | 19.11 | 11.25 | 12.48 | 18.71 | 21.81 | 6.78 |
| Net working capital | 27.77 | 20.98 | 16.13 | 16.78 | 24.04 | 23.12 | 0.28 |
| Cash flow | |||||||
| Cash from operations | 45.47 | 34.71 | 48.51 | 42.43 | 2.76 | (14.08) | 28.61 |
| Cash from investing | (0.93) | (3.97) | (1.17) | (1.86) | (0.37) | 0.37 | 9.93 |
| Cash from financing | (35.92) | (32.44) | (44.97) | (41.13) | (5.81) | 15.87 | (41.80) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 27.75 | 32.97 | 33.46 | 26.73 | 23.76 | 33.23 | 31.41 | 27.41 |
| Revenue growth (YoY) | +16.8% | -0.8% | +6.5% | -2.5% | -7.3% | - | - | - |
| Other income | 0.41 | 0.49 | 0.36 | 0.28 | 0.40 | 0.98 | 0.32 | 0.36 |
| Total expenses | 20.30 | 22.12 | 18.21 | 18.66 | 17.23 | 19.97 | 18.66 | 18.98 |
| EBITDA | 7.45 | 10.85 | 15.25 | 8.07 | 6.53 | 13.26 | 12.75 | 8.43 |
| EBITDA margin | +26.8% | +32.9% | +45.6% | +30.2% | +27.5% | +39.9% | +40.6% | +30.8% |
| Depreciation | 2.05 | 1.99 | 2.01 | 2.01 | 1.97 | 1.87 | 1.92 | 1.93 |
| Interest | 3.33 | 3.63 | 4.13 | 4.30 | 4.43 | 5.09 | 5.42 | 5.58 |
| Profit before tax | 2.48 | 5.72 | 9.47 | 2.04 | 0.53 | 7.28 | 5.73 | 1.28 |
| Tax | 0.94 | 2.18 | 2.96 | 0.77 | 0.15 | 2.70 | 0.92 | 0.80 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 27.75 | 32.97 | 33.46 | 26.73 | 23.76 | 33.23 | 31.41 | 27.41 |
| Revenue growth (YoY) | +16.8% | -0.8% | +6.5% | -2.5% | -7.3% | - | - | - |
| Other income | 0.41 | 0.49 | 0.36 | 0.28 | 0.40 | 0.98 | 0.32 | 0.36 |
| EBITDA | 7.45 | 10.85 | 15.25 | 8.07 | 6.53 | 13.26 | 12.75 | 8.43 |
| EBITDA margin | +26.8% | +32.9% | +45.6% | +30.2% | +27.5% | +39.9% | +40.6% | +30.8% |
| Depreciation | 2.05 | 1.99 | 2.01 | 2.01 | 1.97 | 1.87 | 1.92 | 1.93 |
| Interest | 3.33 | 3.63 | 4.13 | 4.30 | 4.43 | 5.09 | 5.42 | 5.58 |
| Profit before tax | 2.48 | 5.72 | 9.47 | 2.04 | 0.53 | 7.28 | 5.73 | 1.28 |
| Tax | 0.94 | 2.18 | 2.96 | 0.77 | 0.15 | 2.70 | 0.92 | 0.80 |
| Net profit | 1.54 | 3.54 | 6.51 | 1.27 | 0.38 | 4.58 | 4.81 | 0.48 |
| EPS (₹) | 0.67 | 1.54 | 2.98 | 0.59 | 0.18 | 2.25 | 2.42 | 0.25 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 117 | 118 | 109 | 96.43 | 50.43 | 24.40 | 82.05 |
| Revenue growth | -0.7% | +7.6% | +13.5% | +91.2% | +106.7% | -70.3% | - |
| Other income | 1.53 | 2.37 | 2.04 | 2.34 | 1.49 | 0.82 | 1.19 |
| Total expenses | 76.22 | 74.62 | 70.55 | 64.47 | 42.54 | 30.20 | 55.71 |
| Employee cost | 23.57 | 21.84 | 19.66 | 17.80 | 14.49 | 12.14 | 20.00 |
| EBITDA | 40.71 | 43.08 | 38.85 | 31.96 | 7.89 | (5.80) | 26.34 |
| EBITDA margin | +34.8% | +36.6% | +35.5% | +33.1% | +15.7% | -23.8% | +32.1% |
| Depreciation | 7.98 | 7.61 | 7.44 | 7.23 | 7.36 | 13.62 | 14.05 |
| Interest | 16.50 | 21.82 | 26.12 | 24.52 | 24.02 | 22.46 | 24.99 |
| Profit before tax | 17.76 | 16.02 | 7.33 | 2.55 | (22.00) | (41.06) | (11.51) |
| Tax | 6.07 | 5.21 | 3.44 | 14.18 | (6.32) | (10.69) | (2.72) |
| Net profit | 11.71 | 10.81 | 4.03 | (11.96) | (15.57) | (30.36) | (8.46) |
| Net profit margin | +10.0% | +9.2% | +3.7% | -12.4% | -30.9% | -124.4% | -10.3% |
| EPS (₹) | 5.04 | 4.97 | 1.97 | (5.89) | (7.94) | (15.39) | (4.46) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 128 | 127 | 74.73 | 125 | 125 | 125 | 105 |
| Reserves & surplus | 170 | 150 | 129 | 125 | 136 | 150 | 176 |
| Shareholders' funds (net worth) | 299 | 280 | 204 | 250 | 263 | 278 | 291 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 153 | 175 | 200 | 215 | 228 | 209 | 151 |
| Unsecured loans | 0.00 | 4.27 | 55.74 | 10.40 | 13.81 | 13.49 | 38.09 |
| Total debt | 153 | 179 | 256 | 226 | 242 | 223 | 189 |
| Total liabilities | 462 | 469 | 470 | 479 | 507 | 504 | 483 |
| Assets | |||||||
| Gross block | 502 | 501 | 495 | 493 | 491 | 492 | 492 |
| Net block | 398 | 404 | 406 | 411 | 416 | 422 | 435 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 2.06 | 2.11 | 2.79 | 2.88 | 3.01 | 2.34 | 1.96 |
| Inventories | 15.33 | 14.51 | 14.80 | 14.88 | 13.40 | 14.23 | 14.83 |
| Sundry debtors | 6.50 | 4.46 | 3.46 | 3.11 | 2.77 | 1.74 | 2.42 |
| Cash & bank balances | 26.73 | 19.11 | 11.25 | 12.48 | 18.71 | 21.81 | 6.78 |
| Loans & advances | 8.51 | 10.82 | 10.67 | 12.48 | 11.32 | 10.75 | 12.66 |
| Total current assets | 57.07 | 48.90 | 40.18 | 42.95 | 46.20 | 48.53 | 36.69 |
| Total current liabilities | 29.30 | 27.92 | 24.05 | 26.17 | 22.16 | 25.41 | 36.41 |
| Net working capital | 27.77 | 20.98 | 16.13 | 16.78 | 24.04 | 23.12 | 0.28 |
| Total assets | 462 | 469 | 470 | 479 | 507 | 504 | 483 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 4.64 | 6.34 | 3.96 | 4.52 | 7.94 | 5.77 | 9.03 |
| Net cash from operating activities | 45.47 | 34.71 | 48.51 | 42.43 | 2.76 | (14.08) | 28.61 |
| Net cash from investing activities | (0.93) | (3.97) | (1.17) | (1.86) | (0.37) | 0.37 | 9.93 |
| Net cash from financing activities | (35.92) | (32.44) | (44.97) | (41.13) | (5.81) | 15.87 | (41.80) |
| Net change in cash | 8.62 | (1.70) | 2.38 | (0.56) | (3.42) | 2.17 | (3.26) |
| Closing cash | 26.73 | 19.11 | 11.25 | 12.48 | 18.71 | 21.81 | 6.78 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -0.7% | +7.6% | +13.5% | +91.2% | +106.7% | -70.3% | - |
| EBITDA growth | -5.5% | +10.9% | +21.6% | +305.1% | +236.0% | -122.0% | - |
| PBT growth | +10.9% | +118.6% | +187.5% | +9998.0% | +46.4% | -256.7% | +5.0% |
| Net income growth | +8.3% | +168.2% | +133.7% | +23.2% | +48.7% | -258.9% | - |
| Revenue CAGR (3Y) | +6.6% | +32.7% | +64.9% | +5.5% | -17.3% | -33.7% | +3.8% |
| EBITDA CAGR (3Y) | +8.4% | +76.1% | - | +6.7% | -34.6% | - | +16.8% |
| Profitability & leverage | |||||||
| Net income margin | +10.0% | +9.2% | +3.6% | -12.1% | -31.1% | -124.5% | -10.7% |
| Return on capital employed | +7.0% | +7.0% | +6.3% | 0.0% | 0.0% | 0.0% | 0.0% |
| Return on net worth | +5.6% | +4.6% | +1.9% | 0.0% | 0.0% | 0.0% | 0.0% |
| Debt / equity | 0.57 | 0.90 | 1.06 | 0.91 | 0.86 | 0.72 | 0.66 |
| Long-term debt / equity | 0.42 | 0.54 | 0.61 | 0.57 | 0.58 | 0.57 | 0.55 |
| Interest cover | 50.41 | 61.52 | 83.16 | 99.15 | 4,532.08 | -115.65 | 203.34 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.23 | 0.24 | 0.22 | 0.20 | 0.10 | 0.05 | 0.17 |
| Inventory turnover | 7.84 | 8.03 | 7.37 | 6.82 | 3.65 | 1.68 | 5.72 |
| Debtors turnover | 21.34 | 29.72 | 33.30 | 32.80 | 22.36 | 11.73 | 27.91 |
| EPS (₹) | 5.04 | 4.97 | 1.97 | (5.89) | (7.94) | (15.39) | (4.46) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 83.33 | 79.18 | 75.13 | 73.18 | 79.09 | 86.20 | 98.96 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 27.75 | 32.97 | 33.46 | 26.73 | 23.76 | 33.23 | 31.41 | 27.41 |
| Revenue growth (YoY) | +16.8% | -0.8% | +6.5% | -2.5% | -7.3% | - | - | - |
| Other income | 0.41 | 0.49 | 0.36 | 0.28 | 0.40 | 0.98 | 0.32 | 0.36 |
| Total expenses | 20.30 | 22.12 | 18.21 | 18.66 | 17.23 | 19.97 | 18.66 | 18.98 |
| EBITDA | 7.45 | 10.85 | 15.25 | 8.07 | 6.53 | 13.26 | 12.75 | 8.43 |
| EBITDA margin | +26.8% | +32.9% | +45.6% | +30.2% | +27.5% | +39.9% | +40.6% | +30.8% |
| Depreciation | 2.05 | 1.99 | 2.01 | 2.01 | 1.97 | 1.87 | 1.92 | 1.93 |
| Interest | 3.33 | 3.63 | 4.13 | 4.30 | 4.43 | 5.09 | 5.42 | 5.58 |
| Profit before tax | 2.48 | 5.72 | 9.47 | 2.04 | 0.53 | 7.28 | 5.73 | 1.28 |
| Tax | 0.94 | 2.18 | 2.96 | 0.77 | 0.15 | 2.70 | 0.92 | 0.80 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 117 | 118 | 109 | 96.43 | 50.43 | 24.40 | 82.05 |
| Revenue growth | -0.7% | +7.6% | +13.5% | +91.2% | +106.7% | -70.3% | - |
| Other income | 1.53 | 2.37 | 2.04 | 2.34 | 1.49 | 0.82 | 1.19 |
| Total expenses | 76.22 | 74.62 | 70.55 | 64.47 | 42.54 | 30.20 | 55.71 |
| Employee cost | 23.57 | 21.84 | 19.66 | 17.80 | 14.49 | 12.14 | 20.00 |
| EBITDA | 40.71 | 43.08 | 38.85 | 31.96 | 7.89 | (5.80) | 26.34 |
| EBITDA margin | +34.8% | +36.6% | +35.5% | +33.1% | +15.7% | -23.8% | +32.1% |
| Depreciation | 7.98 | 7.61 | 7.44 | 7.23 | 7.36 | 13.62 | 14.05 |
| Interest | 16.50 | 21.82 | 26.12 | 24.52 | 24.02 | 22.46 | 24.99 |
| Profit before tax | 17.76 | 16.02 | 7.33 | 2.55 | (22.00) | (41.06) | (11.51) |
| Tax | 6.07 | 5.21 | 3.44 | 14.18 | (6.32) | (10.69) | (2.72) |
| Net profit | 11.71 | 10.60 | 3.75 | (11.96) | (15.57) | (30.36) | (8.46) |
| Net profit margin | +10.0% | +9.0% | +3.4% | -12.4% | -30.9% | -124.4% | -10.3% |
| EPS (₹) | 5.04 | 4.97 | 1.97 | (5.89) | (7.94) | (15.39) | (4.46) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 128 | 127 | 74.73 | 125 | 125 | 121 | 105 |
| Reserves & surplus | 170 | 150 | 129 | 125 | 136 | 150 | 176 |
| Shareholders' funds (net worth) | 299 | 280 | 204 | 250 | 263 | 275 | 291 |
| Secured loans | 153 | 175 | 200 | 215 | 228 | 209 | 153 |
| Unsecured loans | 0.00 | 4.27 | 55.74 | 10.40 | 13.81 | 16.74 | 36.17 |
| Total debt | 153 | 179 | 256 | 226 | 242 | 226 | 189 |
| Total liabilities | 462 | 469 | 470 | 479 | 507 | 504 | 483 |
| Assets | |||||||
| Gross block | 502 | 501 | 495 | 493 | 491 | 492 | 492 |
| Net block | 398 | 404 | 406 | 411 | 416 | 422 | 435 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 2.06 | 2.11 | 2.79 | 2.88 | 3.01 | 2.34 | 1.96 |
| Inventories | 15.33 | 14.51 | 14.80 | 14.88 | 13.40 | 14.23 | 14.83 |
| Sundry debtors | 6.50 | 4.46 | 3.46 | 3.11 | 2.77 | 1.74 | 2.42 |
| Cash & bank balances | 26.73 | 19.11 | 11.25 | 12.48 | 18.71 | 21.81 | 6.78 |
| Loans & advances | 8.51 | 10.82 | 10.67 | 12.48 | 11.32 | 10.75 | 12.66 |
| Total current assets | 57.07 | 48.90 | 40.18 | 42.95 | 46.20 | 48.53 | 36.69 |
| Total current liabilities | 29.30 | 27.92 | 24.05 | 26.17 | 22.16 | 25.41 | 36.41 |
| Net working capital | 27.77 | 20.98 | 16.13 | 16.78 | 24.04 | 23.12 | 0.28 |
| Total assets | 462 | 469 | 470 | 479 | 507 | 504 | 483 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 4.64 | 6.34 | 3.96 | 4.52 | 7.94 | 5.77 | 9.03 |
| Net cash from operating activities | 45.47 | 34.71 | 48.51 | 42.43 | 2.76 | (14.08) | 28.61 |
| Net cash from investing activities | (0.93) | (3.97) | (1.17) | (1.86) | (0.37) | 0.37 | 9.93 |
| Net cash from financing activities | (35.92) | (32.44) | (44.97) | (41.13) | (5.81) | 15.87 | (41.80) |
| Net change in cash | 8.62 | (1.70) | 2.38 | (0.56) | (3.42) | 2.17 | (3.26) |
| Closing cash | 26.73 | 19.11 | 11.25 | 12.48 | 18.71 | 21.81 | 6.78 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -0.7% | +7.6% | +13.5% | +91.2% | +106.7% | -70.3% | - |
| EBITDA growth | -5.5% | +10.9% | +21.6% | +305.1% | +236.0% | -122.0% | - |
| PBT growth | +10.9% | +118.6% | +187.5% | +9998.0% | +46.4% | -256.7% | +5.0% |
| Net income growth | +10.5% | +182.7% | +131.4% | +23.2% | +48.7% | -258.9% | - |
| Revenue CAGR (3Y) | +6.6% | +32.7% | +64.9% | +5.5% | -17.3% | -33.7% | +3.8% |
| EBITDA CAGR (3Y) | +8.4% | +76.1% | - | +6.7% | -34.6% | - | +16.8% |
| Profitability & leverage | |||||||
| Net income margin | +10.0% | +9.2% | +3.6% | -12.1% | -31.1% | -124.5% | -10.7% |
| Return on capital employed | +7.0% | +7.0% | +6.3% | 0.0% | 0.0% | 0.0% | 0.0% |
| Return on net worth | +5.6% | +4.6% | +1.9% | 0.0% | 0.0% | 0.0% | 0.0% |
| Debt / equity | 0.57 | 0.90 | 1.06 | 0.91 | 0.87 | 0.73 | 0.66 |
| Long-term debt / equity | 0.42 | 0.54 | 0.61 | 0.57 | 0.59 | 0.58 | 0.55 |
| Interest cover | 50.41 | 61.52 | 83.16 | 99.15 | 4,532.08 | -115.65 | 203.34 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.23 | 0.24 | 0.22 | 0.20 | 0.10 | 0.05 | 0.17 |
| Inventory turnover | 7.84 | 8.03 | 7.37 | 6.82 | 3.65 | 1.68 | 5.72 |
| Debtors turnover | 21.34 | 29.72 | 33.30 | 32.80 | 22.36 | 11.73 | 27.91 |
| EPS (₹) | 5.04 | 4.97 | 1.97 | (5.89) | (7.94) | (15.39) | (4.46) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 83.33 | 79.18 | 75.13 | 73.18 | 79.09 | 86.20 | 98.96 |
Peer Comparison of HB Estate Developers Limited
HB Estate Developers Limited is compared with the companies closest to it by revenue in the Real Estate industry (Builders and Developers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bishorn Realtech Private Limited | ₹120.43 Cr (FY 2019) | •••• | •••• | 72.0% | •••• | New Delhi, Delhi, India |
| Tuscan Real Estate Private Limited | ₹120.37 Cr (FY 2022) | •••• | •••• | •••• | Pune, Maharashtra, India | |
| Fem Constructions (India) Private Limited | ₹120.3 Cr (FY 2025) | •••• | •••• | -11.0% | •••• | Mumbai, Maharashtra, India |
| Espire Hospitality Limited Listed | ₹120.16 Cr (FY 2025) | •••• | •••• | 230.0% | •••• | Mehragaon Bhimtal, Uttarakhand, India |
| Kothari Auto Parts Manufacturers Private Limited | ₹120.13 Cr (FY 2018) | •••• | •••• | 1120.0% | •••• | Mumbai, Maharashtra, India |
| Eagle Earth Movers Private Limited | ₹120 Cr (FY 2025) | •••• | •••• | 53.0% | •••• | Tiruchengode, Tamil Nadu, India |
| City Trade Arcade Private Limited | ₹119.84 Cr (FY 2025) | •••• | •••• | 49.0% | •••• | Cuttack, Odisha, India |
| Kaybee Developers Private Limited | ₹119.84 Cr (FY 2025) | •••• | •••• | 49019.0% | •••• | Mumbai, Maharashtra, India |
| Sai Lakshmi Industries Private Limited | ₹119.75 Cr (FY 2025) | •••• | •••• | 75.0% | •••• | Bangalore, Karnataka, India |
| Sai Uma Construction Private Limited | ₹119.65 Cr (FY 2025) | •••• | •••• | 152.0% | •••• | Thane, Maharashtra, India |
| HB Estate Developers Limited this company | ₹116.93 Cr (FY 2026) | •••• | •••• | -0.7% | •••• | Gurgaon, Haryana, India |
Peers are the five companies nearest above and the five nearest below HB Estate Developers by revenue in the Real Estate industry (Builders and Developers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of HB Estate Developers Limited
HB Estate Developers Limited is audited by N.C. Aggarwal & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| N.C. Aggarwal & Co. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of HB Estate Developers Limited
HB Estate Developers has 5 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunil Malik | Director | 12 Feb 2020 | 6 Years 7 Months | Current |
| Anil Goyal Also directs: Infinix9 Hospitality LLP, HB Leasing and Finance Company Limited, HB Stock Holdings Limited and 5 more | Director | 20 Sep 1994 | 32 Years 0 Months | Current |
| Lalit Bhasin Also directs: HB Leasing and Finance Company Limited, HB Stock Holdings Limited, HB Portfolio Limited and 5 more | Director | 20 Sep 1994 | 32 Years 0 Months | Current |
| Raj Bhargava Kumar Also directs: Nada Vibronics Private Limited | Director | 23 Oct 2024 | 1 Years 11 Months | Current |
| Urvija Shah Also directs: HB Stock Holdings Limited | Director | 23 Oct 2024 | 1 Years 11 Months | Current |
Shareholding Pattern of HB Estate Developers Limited
Shareholding for the quarter ended Sep 2026: promoters hold 67.70%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 32.30%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 67.70% | 67.40% | 67.40% | 69.70% |
| Public | 32.30% | 32.60% | 32.60% | 30.30% |
Charges & Borrowings of HB Estate Developers Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Jun 2026 | Others | ₹2 Cr | Open |
| 08 Jun 2026 | Hdfc Bank Limited | ₹2 Cr | Open |
| 27 Jun 2022 | Others | ₹1 Cr | Open |
| 15 Jun 2020 | Others | ₹273.72 Cr | Open |
| 21 May 2021 | State Bank of India | ₹2.51 Cr | Satisfied |
Total charge records: 16 View all charges
Deals & Funding of HB Estate Developers Limited
HB Estate Developers Limited has 10 deals on record (10 market trades); the latest was in June 2020.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2020 | Market trade | ₹64.3 Lakh | Buyer: 2 individuals Seller: Delhi Iron and Steel Company Private Limited |
| Dec 2018 | Market trade | ₹29.3 Lakh | Buyer: Ashari Agencies Limited Seller: Delhi Iron and Steel Company Private Limited |
| Mar 2012 | Market trade | ₹42 Lakh | Buyer: an individual Seller: Sujata Holdings Private Limited |
| Sep 2010 | Market trade | ₹1.14 Cr | Buyer: CHL Limited Seller: Ifci Limited |
| May 2010 | Market trade | ₹54.1 Lakh | Seller: Sainath Herbal Care Marketing Private Limited |
Full deal history
All 10 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of HB Estate Developers Limited
HB Estate Developers Limited has 25 court cases on record: 11 filed by HB Estate Developers, 12 filed against it, 2 where it is another party. 4 cases are pending and 21 are disposed. Status as checked between 28 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 17 | 9 | 2 |
| District courts | 8 | 3 | 2 |
Cases on record (5 of 25)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed against the company by Gladiance Automation Private Limited and 1 other | Pending |
| District court, Pune, Maharashtra | Court case (Civil M.A.) | Filed by the company against Gladiance Automation Private Limited | Pending |
| Bombay High Court | Writ petition | Filed by the company against Gladiance Automation Private Limited | Disposed |
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed against the company by Filo Design Private Limited | Disposed |
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed by the company against Filo Design Private Limited | Disposed |
Full case history
All 25 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME Payment Delays by HB Estate Developers Limited
HB Estate Developers Limited has 8 MSME Form 1 returns on record between 2019 and 2023, listing 305 overdue payments to 155 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 155)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Subhash Sales Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Authbridge Research Services Private Limited | •••• | •••• | •••• |
| Maruti Speed Couriers | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 8 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with HB Estate Developers Limited
HB Estate Developers operates one associated brand: HB Estate Developers. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Residential real estate development services are provided in India. | hbestate.com |
Employees and EPFO Compliance at HB Estate Developers Limited
HB Estate Developers Limited has a workforce of 242 employees as of Apr 05, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of HB Estate Developers Limited
HB Estate Developers has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
News related to HB Estate Developers Limited
Recent Activity on HB Estate Developers Limited
HB Estate Developers Limited has 32 board changes on record since 1994: 20 appointments and 12 cessations. The latest: Neralla Venkata Kameshwara Rao was appointed as Company Secretary on 17 Feb 2025.
60 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for HB Estate Developers Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of HB Estate Developers Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of HB Estate Developers Limited
HB Estate Developers has 5 GST registrations: 4 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAACH3122M1ZT | Haryana | Active | 01 Jul 2017 |
| 06AAACH3122M2ZS | Haryana | Active | 14 Jul 2017 |
| 06AAACH3122M3ZR | Haryana | Active | 14 Jul 2017 |
| 07AAACH3122M1ZR | Delhi | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of HB Estate Developers Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about HB Estate Developers Limited
HB Estate Developers is an active public limited company based in Gurgaon, Haryana, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 20 September 1994 (32+ years old) and is registered under CIN L99999HR1994PLC034146. Listed on BSE: 532334.
HB Estate Developers reported revenue of ₹116.93 Cr for FY 2025-26 (down 0.7% YoY) based on consolidated financials.
HB Estate Developers has 5 current directors:
- Sunil Malik - Director
- Anil Goyal - Director
- Lalit Bhasin - Director
- Raj Bhargava Kumar - Director
- Urvija Shah - Director
The GSTIN of HB Estate Developers is 06AAACH3122M1ZT, registered in Haryana. The company has 5 GST registrations in all, of which 4 are active and 1 is cancelled or inactive. Other active GSTINs include 06AAACH3122M2ZS (Haryana), 06AAACH3122M3ZR (Haryana), 07AAACH3122M1ZR (Delhi).
The CIN (Corporate Identification Number) of HB Estate Developers is L99999HR1994PLC034146. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. HB Estate Developers is listed on BSE with code 532334.
HB Estate Developers has 25 court cases on record: 11 filed by the company and 12 filed against it. 4 are pending. Most are in the high courts.
HB Estate Developers was incorporated on 20 September 1994, making it 32+ years old. It is registered with the Registrar of Companies, Haryana.
HB Estate Developers has 10 deals on record (10 market trades); the latest was in June 2020.
The peers of HB Estate Developers by revenue are Bishorn Realtech Private Limited, Tuscan Real Estate Private Limited, Fem Constructions (India) Private Limited, Espire Hospitality Limited, Kothari Auto Parts Manufacturers Private Limited and 5 more, all in the Real Estate industry (Builders and Developers).
Neralla Venkata Kameshwara Rao was appointed as Company Secretary on 17 Feb 2025. Radhika Khurana ceased to be Company Secretary on 23 Dec 2024. Asha Mehra ceased to be Director on 28 Oct 2024. HB Estate Developers has 32 board changes on record in total.
HB Estate Developers has 8 MSME Form 1 returns on record between 2019 and 2023, listing 305 overdue payments to 155 micro and small suppliers. The latest return was filed on 17 Nov 2023.