NSE: HDIL · BSE: 532873
HOUSING DEV & INFRA LTD
Operates a construction business, which was the company's only reported segment and contributed 100% of segment revenue in the period ending 31 March 2020. The construction business is structured into six project verticals, including Project BKC and Shahad Maharal Lands in Mumbai. The company has been under Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code since the NCLT Mumbai order of 20 August 2019, with Resolution Professional Mr. Abhay Narayan Manudhane managing its affairs in place of the Board of Directors; total admitted financial claims stand at around Rs. 7,789 crore. On 27 June 2025, the NCLT Mumbai approved resolution plans submitted by Adani Properties for Project BKC and Shahad Maharal Lands, with the BKC resolution plan value at Rs. 3 crore against a liquidation value of nil. Revenue has contracted sharply — H1 FY26 total income was Rs. 158.36 lakhs versus Rs. 2,028.96 lakhs in H1 FY25, with a net loss of Rs. 489.74 lakhs for the half year. The auditor identified a Material Uncertainty Relating to Going Concern. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Construction Business (100%). Construction and real estate company under Corporate Insolvency Resolution Process since August 2019
Exhibit 1: Financial summary, FY18–FY19 (all audited; no estimate years)
| ₹ crore · consolidated | FY18 | FY19 |
|---|---|---|
| Revenue | 388 | 718 |
| EBITDA (ex other income) | 403 | 399 |
| margin % | 103.8 | 55.6 |
| Owners' profit | 96 | 106 |
| EPS, as reported (₹) | 2.23 | 2.33 |
| ROE % · ROCE % | — · — | 0.9 · 3.3 |
| Debt / equity (x) | — | 0.17 |
| Cash from operations | — | — |
| Capex | — | — |
Exhibit 2: Quarterly performance, last 4 quarters
| ₹ crore | Q1 FY19 | Q3 FY19 | Q4 FY19 | Q1 FY20 |
|---|---|---|---|---|
| Revenue | 167 | 222 | 30 | 93 |
| Profit before tax | 30 | 24 | 9 | 11 |
| Net profit | 25 | 20 | 7 | 8 |
| EPS (₹) | 0.57 | 0.42 | 0.17 | 0.18 |
Exhibit 3: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 25 Jun 2026 · Intimation of 44th Committee of Creditors Meeting | regulatory legal | medium | — | — |
| 25 Jun 2026 · Intimation of 44th CoC meeting to be held on 25.06.2026 | regulatory legal | high | — | — |
| 13 Apr 2026 · The meeting of directors held on 13th April, 2026 has been adjourned. The revised date shall be communicated in due course. | board shareholder meetings | low | — | — |
| 13 Mar 2026 · Housing Development and Infrastructure Limited has informed the Exchange about Adjournment of Meeting of Directors Scheduled on 13th March, 2026 | results | low | — | — |
| 5 Mar 2026 · Housing Development And Infrastructure Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/03/2026 ,inter alia, to consider and approve the .... | results | medium | — | — |
| 21 Jan 2026 · Housing Development and Infrastructure Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 - Dec 2025 | compliance | minimal | — | — |
| 13 Jan 2026 · Housing Development and Infrastructure Limited has informed the Exchange regarding Board meeting held on January 13, 2026. | results | high | — | — |
| 6 Jan 2026 · Housing Development And Infrastructure Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/01/2026 ,inter alia, to consider and approve Standalone .... | results | low | — | — |
| 19 Dec 2025 · Housing Development and Infrastructure Limited has informed the Exchange about General Updates | general | low | — | — |
| 29 Oct 2025 · Housing Development and Infrastructure Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 | 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.