NSE: HEMIPROP · BSE: 543242
HEMISPHERE PROP IND LTD
Real estate holding company under India's Ministry of Housing and Urban Affairs, with total assets of ₹1,162.85 crore against operating revenue of ₹99.24 lakh in FY26. The principal disclosed asset is a ~3,54,600 sq.mtrs land parcel at Bopkhel, Pune, which was sold through e-auction to HyperVault AI Data Center Limited for ₹640.50 crore in FY26 — a one-time transaction representing about 99% of annual consolidated turnover. Recurring business activity is minimal: revenue from operations stood at ₹99.24 lakh while the company posted a net loss of ₹1,122.01 lakh for FY26. Employee cost is 43.9% of revenue and other operating expenses are 1,012% of revenue, reflecting a high fixed cost base against a very small top line. The promoter is the President of India acting through MoHUA, holding 14,56,96,885 equity shares. A ₹63,980.21 lakh stamp duty provision has been carried unreviewed since FY 2016-17 and a stamp duty notice from the Delhi Revenue Department is ongoing. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Real estate holdings (rental/property income). Asset-heavy real estate holding company with negligible operating revenue and ongoing losses
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 2 | 1 | 1 | 1 |
| EBITDA (ex other income) | (16) | (8) | (13) | (10) | (9) |
| margin % | — | (391.2) | (2535.8) | (1101.9) | (955.8) |
| Owners' profit | (15) | (6) | (10) | (8) | (11) |
| EPS, as reported (₹) | (0.52) | (0.23) | (0.34) | (0.26) | (0.39) |
| ROE % · ROCE % | (4.0) · (3.0) | (1.8) · (0.3) | (2.8) · (1.4) | (1.9) · (0.7) | (2.6) · (1.1) |
| Debt / equity (x) | 0.18 | 0.18 | 0.17 | 0.15 | 0.06 |
| Cash from operations | (14) | (23) | (6) | (17) | (151) |
| Capex | (0) | (0) | (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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | (2) | (2) | (3) | (3) | (4) | (3) | (4) | (3) |
| Net profit | (2) | (2) | (1) | (3) | (4) | (3) | (2) | (3) |
| EPS (₹) | (0.07) | (0.08) | (0.04) | (0.09) | (0.13) | (0.11) | (0.06) | (0.11) |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| INTL GEMOLOGICAL INST LTD | 17,213 | 28.2 | 11.57 | 16.5 | 47.8 | 58.1 | — | 64.6 |
| WEWORK INDIA MANAGEMENT L | 8,821 | 101.2 | 29.48 | 5.6 | 25.0 | 1.0 | — | 66.5 |
| NESCO LTD. | 7,059 | 16.9 | 2.36 | 11.9 | 13.8 | 14.8 | 26.2 | 68.9 |
| NIRLON LTD | 5,677 | 16.4 | 12.12 | — | 73.8 | 18.1 | — | 79.4 |
| SMARTWORKS COWORKING SP L | 5,439 | 195.1 | 10.25 | 4.6 | 2.0 | 0.3 | — | 65.8 |
| QUESS CORP LIMITED | 4,838 | 19.1 | 4.14 | 14.5 | 19.0 | 14.4 | 7.1 | 2.6 |
| INOX GREEN ENERGY SER LTD | 4,250 | 34.0 | 2.48 | 25.3 | 6.0 | 9.0 | — | 131.6 |
| INDIQUBE SPACES LIMITED | 3,731 | — | 7.25 | — | (20.7) | (2.5) | — | 67.3 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/B | 6.8 | 1.3 | 81 of 95 | 15% |
| ROCE | (2.6) | 3.4 | 88 of 103 | 15% |
| ROE | (2.6) | 2.9 | 92 of 113 | 19% |
| Debt / Equity | 0.1 | 0.1 | 41 of 91 | 56% |
| EBITDA margin | (671.6) | 25.4 | 89 of 92 | 3% |
| Revenue growth | (38.8) | 16.2 | 76 of 91 | 17% |
| Profit growth | (21.2) | 5.2 | 71 of 110 | 36% |
| Market cap | 2959 | 47 | 11 of 108 | 91% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 27 Oct 2026 · Board to approve September 2026 quarter results | results | low | — | — |
| 19 Oct 2026 · Compliance certificate for securities demat and remat filed for Q2 FY27 | compliance | minimal | — | — |
| 29 Sept 2026 · HPIL submits AGM scrutinizer's report; all 7 resolutions passed with over 98 percent majority | board shareholder meetings | medium | — | — |
| 28 Sept 2026 · 22nd AGM proceedings of Hemisphere Properties India Ltd held on September 28, 2026 | board shareholder meetings | medium | — | — |
| 21 Sept 2026 · Trading window closed from Oct 1 for Q2 FY26 results | compliance | minimal | — | — |
| 9 Sept 2026 · C&AG appoints Aggarwal and Rampal as statutory auditor for FY27 | management changes | medium | — | — |
| 4 Sept 2026 · Hemisphere Properties informs about newspaper publication of AGM notice | compliance | minimal | — | — |
| 3 Sept 2026 · Notice of 22nd AGM and Annual Report FY 2025-26 | board shareholder meetings | low | — | — |
| 28 Aug 2026 · Govt appoints Amit Kumar Agarwal as Independent Director at HPIL | management changes | medium | — | — |
| 11 Aug 2026 · Q1 FY27 results: widened loss, 640.50 crore Pune land sale concluded | 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.