NSE: HBPOR · BSE: 532333
HB PORTFOLIO LTD.
Operates as a BSE-listed financial services group running two reported segments — Financial Services and Commodities Trading. For FY26, Commodities Trading generated ₹7.5341 crore, representing 100% of the company's disclosed segment revenue for that period. The Financial Services segment, run through subsidiaries including material subsidiary Taurus Asset Management Company Limited, contributed ₹4.2158 crore on a year-to-date basis through March 2026. Beyond these segments, the company earns additional income from investments and treasury operations, with FY26 consolidated revenue of ₹26.7963 crore. The company also deploys capital into external businesses, including a ₹5.92 crore investment in Infinix9 Hotels & Resorts Private Limited, and declared an interim dividend of Re. 1 per share for FY26. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Commodities Trading (100%), Financial Services. Small-cap, BSE-listed financial services and trading company
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 19 | 23 | 54 | 28 | 27 |
| EBITDA (ex other income) | 7 | 4 | 8 | 3 | 2 |
| margin % | 38.1 | 17.1 | 14.7 | 9.5 | 8.8 |
| Owners' profit | 6 | 3 | 7 | (0) | 0 |
| EPS, as reported (₹) | 5.83 | 2.73 | 4.80 | 0.04 | 0.26 |
| ROE % · ROCE % | 3.1 · — | 1.6 · — | 2.5 · — | (0.0) · 0.8 | 0.1 · 0.7 |
| Debt / equity (x) | — | — | — | 0.00 | 0.00 |
| Cash from operations | (9) | 1 | 17 | 8 | 10 |
| Capex | (2) | (0) | 0 | (15) | (21) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 9 | 5 | 10 | 4 | 8 | 4 | 7 | 12 |
| Profit before tax | 5 | 0 | (1) | (2) | 3 | (0) | 2 | (4) |
| Net profit | 3 | 0 | (1) | (3) | 2 | 0 | 1 | (3) |
| EPS (₹) | 3.04 | (0.20) | (0.96) | (1.92) | 2.04 | 0.07 | 1.34 | (3.20) |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Segment- Financial Services | 12 | 39.2 |
| Segment-Commodities Trading | 8 | 24.8 |
| Unallocated Segments | 0 | 1.1 |
| Segment-Financial services | 7 | 21.9 |
| Segment-Financial Services | 4 | 13.0 |
| Total, before eliminations | 30 | 100.0 |
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| CRISIL LTD | 33,999 | 38.5 | 10.39 | — | 13.7 | 16.1 | — | 30.6 |
| ONEMI TECHNOLOGY SOL LTD | 5,509 | 19.5 | 4.10 | 9.4 | 21.0 | 18.8 | — | 32.0 |
| GYFTR LIMITED | 1,234 | — | 2.54 | 37.9 | 4.5 | 5.3 | 32.8 | 4.3 |
| CENTRUM CAPITAL LIMITED | 969 | — | 0.74 | 9.7 | (21.4) | (2.5) | 49.7 | 29.7 |
| PRIME SECURITIES LIMITED | 968 | 172.9 | 3.78 | — | 5.1 | — | 25.7 | 19.0 |
| WEALTH FRST PORT. MG. LTD | 881 | 26.7 | 5.18 | 16.9 | 22.5 | 30.3 | — | 97.5 |
| REGENCY FINCORP LIMITED | 571 | 52.3 | 3.56 | — | 8.4 | — | — | 84.3 |
| STELLANT SECURITIES (INDIA) LT | 529 | — | 1687.57 | — | 18.2 | 18.2 | — | 56.7 |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 240.0 | 19.0 | 71 of 76 | 7% |
| P/B | 0.3 | 1.0 | 16 of 105 | 85% |
| ROCE | 0.7 | 1.8 | 51 of 83 | 39% |
| ROE | 0.1 | 1.3 | 75 of 111 | 33% |
| Debt / Equity | 0.0 | 0.0 | 37 of 77 | 53% |
| EBITDA margin | (28.4) | 25.6 | 82 of 91 | 10% |
| Revenue growth | 173.5 | (4.1) | 8 of 85 | 92% |
| Profit growth | (12.4) | (0.2) | 60 of 109 | 45% |
| Market cap | 66 | 26 | 33 of 113 | 71% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 8 Oct 2026 · HB Portfolio files quarterly dematerialization compliance certificate | compliance | minimal | — | — |
| 25 Sept 2026 · Trading window closed from Oct 1 ahead of Q2 and H1 FY26 results | compliance | minimal | — | — |
| 17 Sept 2026 · HB Portfolio informs shareholders about withheld interim dividend due to incomplete KYC | compliance | minimal | — | — |
| 15 Sept 2026 · Special window open for re-lodging physical share transfer requests | compliance | minimal | — | — |
| 9 Sept 2026 · 31st AGM proceedings: all 3 resolutions passed, Re.1 dividend confirmed | board shareholder meetings | low | — | — |
| 9 Sept 2026 · 31st AGM: All 3 resolutions passed, Re 1 dividend confirmed | board shareholder meetings | low | — | — |
| 9 Sept 2026 · HB Portfolio 31st AGM: all 3 resolutions passed, Re 1 dividend confirmed | board shareholder meetings | low | — | — |
| 20 Aug 2026 · TDS communication on HB Portfolio Interim Dividend FY2026-27 | corporate actions | low | — | — |
| 18 Aug 2026 · HB Portfolio shares annual report link and AGM details | compliance | minimal | — | — |
| 13 Aug 2026 · HB Portfolio informs about 31st AGM notice via newspaper ads | compliance | minimal | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.