NSE: HBSL · BSE: 532216
HB STOCKHOLDINGS LIMITED
Operates as an RBI-registered non-banking financial company (NBFC) with one wholly-owned subsidiary, Mount Finance Limited. FY26 total income from operations of Rs 257.58 lakhs came from interest income (Rs 95.05 lakhs), dividend income (Rs 42.49 lakhs), and net profit on equity trades (Rs 120.04 lakhs). The core activity is holding and trading equity instruments; a Rs 857.13 lakh mark-to-market loss on the equity portfolio was the main reason the standalone net loss reached Rs 1,079.34 lakhs. Finance costs on borrowings of Rs 1,086.61 lakhs more than doubled to Rs 131.47 lakhs from Rs 60.11 lakhs. Cash and equivalents dropped to Rs 121.55 lakhs from Rs 781.28 lakhs, with operating cash outflow of Rs 1,328.13 lakhs for the year. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Interest income, Dividend income, Equity trading profit. Small loss-making NBFC whose results swing with mark-to-market movements on its equity portfolio
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 18 | 3 | 44 | 2 | 3 |
| EBITDA (ex other income) | 16 | (2) | 42 | (9) | (11) |
| margin % | 89.9 | (60.8) | 93.7 | (612.3) | (439.2) |
| Owners' profit | 15 | (2) | 38 | (12) | 0 |
| EPS, as reported (₹) | 21.28 | (2.82) | 52.59 | (16.83) | (15.16) |
| ROE % · ROCE % | 22.1 · — | (3.1) · — | 36.4 · — | (13.3) · — | (13.8) · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | (12) | (3) | 33 | (5) | (13) |
| Capex | (0) | (1) | (0) | (0) | (0) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2 | (4) | 0 | 10 | 0 | 1 | 0 | 10 |
| Profit before tax | 1 | (13) | (7) | 9 | (5) | (4) | (12) | 9 |
| Net profit | 0 | (11) | (7) | 7 | (5) | (4) | (10) | 8 |
| EPS (₹) | 0.18 | (16.03) | (10.03) | 10.45 | (6.45) | (5.24) | (13.92) | 11.14 |
Exhibit 3: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 8 Oct 2026 · RTA compliance certificate for quarter ended September 2026 | compliance | minimal | — | — |
| 25 Sept 2026 · Trading Window Closed from Oct 1, 2026 for Q2 Results | compliance | minimal | — | — |
| 15 Sept 2026 · Newspaper ad on special window for physical share transfers and demat | compliance | minimal | — | — |
| 27 Aug 2026 · 39th AGM Voting Results: Both Resolutions Passed with 99.93% Majority | board shareholder meetings | low | — | — |
| 27 Aug 2026 · 39th AGM: All resolutions passed with 99.93 percent approval | board shareholder meetings | medium | — | — |
| 27 Aug 2026 · 39th AGM proceedings: Both resolutions passed with 99.93% majority | board shareholder meetings | low | — | — |
| 5 Aug 2026 · Letter to shareholders on annual report link and KYC updation reminder | compliance | minimal | — | — |
| 5 Aug 2026 · Letter to shareholders with Annual Report web-link and KYC update reminder | compliance | minimal | — | — |
| 4 Aug 2026 · Newspaper publication of Q1 FY27 unaudited financial results | compliance | minimal | — | — |
| 3 Aug 2026 · HB Stockholdings Q1 FY27 PAT rises to Rs 7.96 cr on fair value gains | results | high | — | — |
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.