MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-HR-05-0013579
HB Estate Developers Limited - real estate and construction in Gurgaon, Haryana, India. FY 2026 financials & compliance.
Active Listed - NSE: HBESD · BSE: 532334 Public Limited Company real estate and construction MSME · Medium
Market Cap
₹173 Cr
HBESD · NSE
Share Price
₹75.61
+0.20% today
Revenue
₹117 Cr
FY 2025-26 · -0.7% YoY
EBITDA
₹40.71 Cr
Margin 34.8%
Net Profit
₹11.71 Cr
FY 2025-26 · +8.3% YoY
P/E (TTM)
13.4x
P/B 0.9x
ROE
5.6%
ROCE 7.0%
Debt / Equity
0.57
Interest cover 50.4x
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. It is a listed company as per MCA records. Its shares are listed on BSE: 532334 and NSE: HBESD.
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 2026. 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 27 cases involving the company, including 12 filed by the company and 15 filed against it; 5 cases are pending. The company has 10 deals on record (10 market trades); the latest was in June 2020. The company has 8 MSME Form 1 returns on record between 2019 and 2023, listing 305 overdue payments to 155 micro and small suppliers.
HB Estate Developers Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-HR-05-0013579). 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.
Company details
CIN L99999HR1994PLC034146
Registration Number 034146
Incorporation Date 20 September 1994
ROC Haryana
Listing Status Listed - Listed on NSE (HBESD); Listed on BSE (532334)
Company Status Active
Date of Last AGM 06 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-HR-05-0013579
Recognitions & Rankings of HB Estate Developers
Contact details
HB Estate Developers Limited's registered office is in Gurgaon, Haryana. Its website is hbestate.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No. 31 Echelon Institutional Area Sector 32, Gurgaon, Haryana, India – 122001
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of HB Estate Developers Limited, buy the company report.
Comprehensive company report
HB Estate Developers Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
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 |
Business activity
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 | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property | |
| I | Accommodation and Food Service | I1 | Accommodation services provided by Hotel, Inns, Resorts, holiday homes, hostel, etc. |
To see the full business activity and turnover split of HB Estate Developers Limited, buy the company report.
Financials of HB Estate Developers Limited
FY 2025-26 filings availableHB Estate Developers Limited reported revenue of ₹116.93 Cr (down 0.7% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹117 Cr
-0.7% YoY
EBITDA
₹40.71 Cr
-5.5% YoY
Profit After Tax
₹11.71 Cr
+8.3% YoY
Net Worth
₹299 Cr
+6.8% YoY
Total Assets
₹462 Cr
-1.5% YoY
Total Debt
₹153 Cr
-14.6% YoY
Revenue 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
Figures in ₹ Cr; negatives in brackets. Updated 30 Oct 2026
| 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 |
To see the full year-wise statements and ratios of HB Estate Developers Limited, buy the company report.
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.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunil Malik | Director | 12 Feb 2020 | 6 Years 8 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 1 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 1 Months | Current |
| Raj Bhargava Kumar Also directs: Nada Vibronics Private Limited | Director | 23 Oct 2024 | 2 Years 0 Months | Current |
| Urvija Shah Also directs: HB Stock Holdings Limited | Director | 23 Oct 2024 | 2 Years 0 Months | Current |
Auditor
HB Estate Developers Limited is audited by N.C. Aggarwal & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N.C. Aggarwal & Co. | FY 2023 | 003273N |
Shareholding
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
QUARTER
67.70% Promoters
32.30% Retail & Others
Promoter holding - history
Now 67.70% · Sep 2026High 69.70% · Dec 2025Low 67.40% · Mar 2026
Shareholding trend - last 6 quarters
| 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
Open charges
₹278.72 Cr
Satisfied charges
₹532.1 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Jun 2026 | 101318067 | Others | ₹2 Cr | Open | |
| 08 Jun 2026 | 101314354 | Hdfc Bank Limited | ₹2 Cr | Open | |
| 27 Jun 2022 | 100590563 | Others | ₹1 Cr | Open | |
| 15 Jun 2020 | 100341501 | Others | ₹273.72 Cr | Open | |
| 21 May 2021 | 100452979 | State Bank of India | ₹2.51 Cr | Satisfied |
To see the full charge records of HB Estate Developers Limited, buy the company report.
Total charge records: 16 View all charges
Deals & funding
HB Estate Developers Limited has 10 deals on record (10 market trades); the latest was in June 2020.
Total deals
10
Market trades
10
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 |
To see the full deal history of HB Estate Developers Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
HB Estate Developers Limited has 27 court cases on record: 12 filed by HB Estate Developers, 15 filed against it. 5 cases are pending and 22 are disposed.
Total cases
27
Filed by the company
12
Filed against the company
15
Pending
5
Disposed
22
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 17 | 9 | 2 |
| District courts | 10 | 6 | 3 |
Cases on record (5 of 27)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed against the company by Gladiance Automation Pvt. Ltd. (Formerly Known As Innlink Technologies (I) Pvt Ltd) and 1 other | Pending |
| District court, Pune, Maharashtra | Court case (Civil M.A.) | Filed by the company against Gladiance Automation Private Limited | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Gladiance Automation Pvt. Ltd. | Disposed |
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed against the company by M/S Travancore Management Resources Pvt Ltd | Disposed |
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed by the company against Travancore Management Resources Pvt Ltd | Disposed |
To see the full case history of HB Estate Developers Limited, buy the company report.
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
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 |
To see the full MSME payment records of HB Estate Developers Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
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.
1
Associated companies
Employees & EPFO
HB Estate Developers Limited has a workforce of 242 employees on its EPFO records as of Apr 05, 2024, across 2 active EPFO establishments.
Employee count
242
Active EPFO establishments
2
Employee growth
15.24%
GST
HB Estate Developers has 5 GST registrations: 4 active and 1 cancelled or inactive.
Total GSTINs
5
Active
4
Cancelled / inactive
1
| 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 |
To see the full GST registrations and return filing status of HB Estate Developers Limited, buy the company report.
Recent activity
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.
Charges
A charge with Others amounted to Rs. 2.00 Cr with Charge ID 101318067 was registered on 23 Jun 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 2.00 Cr with Charge ID 101314354 was registered on 08 Jun 2026.
Filing
Hb Estate Developers Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Haryana.
AGM
Hb Estate Developers Limited last Annual general meeting of members was held on 06 Sep 2025 as per latest MCA records.
Charges
A charge registered on 28 Jul 2014 via Charge ID 10532292 with Hdfc Bank Limited was fully satisfied on 02 Jul 2025.
Charges
A charge registered on 16 Mar 2016 via Charge ID 100017523 with Others was fully satisfied on 05 Jun 2025.
Charges
A charge registered on 21 May 2021 via Charge ID 100452979 with State Bank Of India was fully satisfied on 02 Jun 2025.
Charges
A charge registered on 22 Feb 2021 via Charge ID 100423751 with State Bank Of India was fully satisfied on 02 Jun 2025.
Appointed
Neralla Venkata Kameshwara Rao was appointed as Company Secretary.
Ceased
Radhika Khurana ceased to be Company Secretary.
Ceased
Asha Mehra ceased to be Director.
Ceased
Rajesh Jain ceased to be Director.
60 earlier events are in the company report.
News
Frequently asked questions
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 and NSE: HBESD.
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 latest financial statements of HB Estate Developers on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 06 September 2025. Year-wise statements from 2015 are in the company report.
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 a listed company as per MCA records. Its shares are listed on both BSE (code: 532334) and NSE (symbol: HBESD).
HB Estate Developers has 27 court cases on record: 12 filed by the company and 15 filed against it. 5 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.
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.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages