Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹2521 Cr.
Stock P/E
15
P/B
0.9
Current Price
₹177.4
Book Value
₹ 186.8
Face Value
10
52W High
₹339
52W Low
₹ 165.4
Dividend Yield
0%

Hubtown Overview

Business

Hubtown Ltd. is an Indian real estate development company. Its core business involves the development of properties across various categories, including residential, commercial, retail, and hospitality. The company operates primarily through the acquisition of land parcels, planning and design, project execution, and subsequent sale of developed units to customers. It generates revenue primarily from the sale of these developed properties.

Revenue Mix

Information on precise revenue breakdown by segment (e.g., residential vs. commercial) is not publicly detailed. However, given its sector, Hubtown's revenue is primarily derived from:

Residential Projects: Sale of apartments, villas, and plotted developments.

Commercial Projects: Sale or lease of office spaces, retail outlets, and other business premises.

The company typically operates as a developer, with revenue booked upon project completion and sale of units.

Industry

The Indian real estate industry is highly competitive, capital-intensive, cyclical, and largely fragmented, with numerous regional and national players. It is also significantly influenced by government regulations (like RERA), economic cycles, and interest rates. Hubtown Ltd. operates within this competitive landscape, focusing on developing projects mainly in the Mumbai Metropolitan Region (MMR) and other key cities in India. It positions itself as an established developer, aiming to deliver projects across different asset classes, likely competing with both large national players and other regional developers in its target markets.

MOAT

Hubtown Ltd. does not exhibit a strong, widely recognized competitive moat similar to large, nationally branded developers. Potential localized advantages might include:

Local Expertise: Deep understanding of specific micro-markets, particularly in the MMR, including land acquisition and regulatory processes.

Land Bank: Possession of strategically located land parcels acquired over time, which can provide a cost advantage for future projects.

However, these are often offset by intense competition, high capital requirements, and execution risks inherent in the real estate sector. Its brand reputation is primarily regional, not offering a national pricing premium or overwhelming customer loyalty.

Growth Drivers

Urbanization & Demographics: Continued migration to urban centers and a young, growing population in India drive demand for housing and commercial spaces.

Rising Disposable Incomes: Increasing affluence among the middle and upper-middle classes supports demand for quality residential and lifestyle properties.

Favorable Interest Rate Environment: Lower home loan interest rates can boost affordability and buyer sentiment, accelerating sales.

Government Initiatives: Infrastructure development, smart city projects, and affordable housing schemes can create new market opportunities and improve connectivity for existing projects.

Project Launches & Execution: Timely completion and successful sales of ongoing and new projects will be crucial for revenue and profitability growth.

Risks

Cyclicality of Real Estate: The sector is highly sensitive to economic downturns, interest rate hikes, and changes in consumer sentiment, leading to potential slowdowns in sales and price corrections.

Regulatory & Approval Delays: Obtaining numerous clearances and permits for real estate projects in India can be time-consuming and lead to significant project delays and cost overruns.

High Capital Intensity & Debt: Real estate development requires substantial capital. High debt levels, typical for developers, make the company vulnerable to rising interest costs and refinancing risks.

Land Acquisition Challenges: Difficulties in acquiring suitable land parcels, along with rising land costs, can impact project viability and timelines.

Competition: Intense competition from both established players and new entrants can pressure pricing and market share.

Execution Risk: Delays in construction, quality issues, or cost escalations can impact project profitability and reputation.

Management & Ownership

Hubtown Ltd. is a promoter-led company, with the Shah and Patel families being the primary promoters. The management team typically comprises individuals with experience in various facets of real estate development, including land acquisition, project planning, construction, and sales. As a publicly listed entity, the ownership structure is a mix of promoter holdings, institutional investors, and public shareholders, with the promoter group holding a significant stake, influencing strategic decisions.

Outlook

Hubtown operates in the dynamic and crucial Indian real estate sector. The long-term outlook for real estate in India remains positive, driven by strong underlying demographics, urbanization, and economic growth, which can provide a supportive environment for developers like Hubtown. Successful project execution, effective inventory management, and strategic land bank utilization will be key to capitalizing on this demand. However, the company faces inherent risks associated with the cyclical nature of the industry, intense competition, capital requirements, and regulatory complexities. Its performance will be closely tied to its ability to launch and complete projects efficiently, manage its debt, and navigate the evolving market conditions in its specific geographic focus areas.

Hubtown Share Price

Live · BSE / NSE · Inception: 1989
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Hubtown Quarterly Results

#(Fig in Cr.) Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 106 120 99 92 97 187 209 88 160 156
Other Income 84 6 40 28 44 48 55 44 43 47
Total Income 190 126 139 120 141 235 263 132 203 202
Total Expenditure 261 106 38 60 88 147 177 85 82 127
Operating Profit -71 20 101 61 52 88 86 46 121 75
Interest 16 14 65 37 19 16 27 23 85 42
Depreciation 1 1 1 1 1 1 1 1 1 1
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax -88 5 36 23 33 72 58 22 36 32
Provision for Tax 2 -1 7 7 29 -10 27 -2 6 6
Profit After Tax -89 6 29 16 4 82 32 24 30 27
Adjustments 1 -1 -13 5 -1 -3 -8 -2 -7 -2
Profit After Adjustments -89 5 17 21 4 79 24 22 23 25
Adjusted Earnings Per Share -11.1 0.7 1.3 1.6 0.3 5.8 1.7 1.6 1.6 1.8

Hubtown Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 407 543 563 471 273 266 190 319 221 408 644 613
Other Income 32 33 291 78 38 46 24 17 141 118 189 189
Total Income 438 575 853 549 311 312 214 336 362 526 833 800
Total Expenditure 58 174 524 328 197 333 250 245 360 292 491 471
Operating Profit 380 401 329 221 114 -21 -36 91 2 234 342 328
Interest 383 424 351 218 139 105 87 94 75 135 151 177
Depreciation 4 3 3 3 4 4 4 3 3 3 3 4
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax -7 -26 -25 -0 -29 -130 -127 -6 -75 97 188 148
Provision for Tax -2 6 -2 12 17 -0 3 -32 1 41 20 37
Profit After Tax -4 -32 -23 -12 -46 -130 -130 26 -76 55 168 113
Adjustments -19 -8 -3 -3 -14 9 4 3 -9 -9 -20 -19
Profit After Adjustments -24 -39 -26 -15 -61 -120 -126 29 -85 47 148 94
Adjusted Earnings Per Share -3.2 -5.4 -3.6 -2.1 -8.4 -16.6 -17.3 3.8 -10.7 3.4 10.4 6.7

Hubtown Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 1690 1651 1622 1602 1532 1412 1289 1306 1258 2408 2628
Minority's Interest 22 21 22 22 22 21 19 23 55 61 37
Borrowings 529 522 392 263 212 282 216 31 354 508 890
Other Non-Current Liabilities -0 -16 178 154 146 59 54 16 7 58 144
Total Current Liabilities 2412 2717 2620 2643 2663 2632 3108 3081 3188 2375 2604
Total Liabilities 4652 4896 4834 4684 4575 4406 4686 4456 4862 5411 6302
Fixed Assets 59 52 50 49 48 34 35 33 107 112 124
Other Non-Current Assets 2221 2017 1853 1855 1878 1509 1464 1363 769 733 1079
Total Current Assets 2372 2828 2931 2781 2649 2864 3187 3060 3985 4567 5099
Total Assets 4652 4896 4834 4684 4575 4406 4686 4456 4862 5411 6302

Hubtown Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 8 3 -5 9 18 29 46 36 42 95 84
Cash Flow from Operating Activities 138 -3 451 76 68 -129 24 -6 161 -580 187
Cash Flow from Investing Activities 1 154 7 151 12 204 24 156 -81 -75 -520
Cash Flow from Financing Activities -144 -159 -444 -219 -87 -57 -58 -145 -27 644 390
Net Cash Inflow / Outflow -5 -8 14 9 -7 17 -10 6 53 -10 56
Closing Cash & Cash Equivalent 3 -5 9 18 12 46 36 42 95 84 141

Hubtown Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) -3.24 -5.38 -3.6 -2.07 -8.35 -16.56 -17.33 3.78 -10.69 3.44 10.44
CEPS(Rs) -0.11 -3.9 -2.69 -1.19 -5.77 -17.33 -17.37 3.86 -9.13 4.27 12.05
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 232.31 226.94 222.96 220.28 210.66 194.1 177.24 170.33 157.38 175.06 184.92
Core EBITDA Margin(%) 85.62 67.86 6.85 30.39 27.79 -25.18 -31.32 23.28 -62.48 28.46 23.73
EBIT Margin(%) 92.48 73.33 57.92 46.31 40.29 -9.27 -20.8 27.58 -0.33 56.66 52.68
Pre Tax Margin(%) -1.71 -4.76 -4.45 -0.07 -10.65 -48.77 -66.71 -1.9 -33.99 23.63 29.27
PAT Margin (%) -1.1 -5.82 -4.04 -2.51 -16.99 -48.75 -68.43 8.24 -34.3 13.51 26.12
Cash Profit Margin (%) -0.2 -5.22 -3.47 -1.84 -15.38 -47.38 -66.38 9.24 -32.94 14.16 26.6
ROA(%) -0.09 -0.66 -0.47 -0.25 -1 -2.89 -2.86 0.58 -1.63 1.07 2.87
ROE(%) -0.27 -1.89 -1.39 -0.73 -2.96 -8.81 -9.64 2.03 -5.94 3.04 6.72
ROCE(%) 11.1 11.87 10.83 8.56 4.66 -1.12 -1.91 4.26 -0.03 8.58 9.65
Receivable days 149.22 152.01 244.09 296.77 270.62 188.48 411.69 255.39 324.14 220.53 162.3
Inventory Days 1802.54 1100.09 1091.05 1219.76 2197.19 2444.74 3681.2 2340.89 4069.96 2713.72 1975.67
Payable days -7816.16 3654.27 351.23 289.93 -1470.73 656.09 1100.75 498.08 568.64 459.75 243.69
PER(x) 0 0 0 0 0 0 0 8.16 0 54.82 16.4
Price/Book(x) 0.45 0.4 0.32 0.15 0.04 0.08 0.26 0.18 0.84 1.08 0.93
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 5.73 4.44 2.61 2.26 2.6 3.05 5.05 3.24 8.4 7.72 5.13
EV/Core EBITDA(x) 6.13 6.01 4.46 4.82 6.22 -38.6 -26.92 11.35 818.17 13.48 9.65
Net Sales Growth(%) -8.27 33.42 3.72 -16.33 -42.07 -2.44 -28.49 67.69 -30.6 84.46 57.54
EBIT Growth(%) -10.26 5.79 -18.07 -33.11 -49.6 -122.45 -60.4 322.37 -100.84 0 46.48
PAT Growth(%) -178.1 -603.4 28.13 47.92 -291.76 -180 -0.38 120.19 -389 172.64 204.59
EPS Growth(%) -3298.32 -66.16 33.18 42.53 -303.91 -98.35 -4.63 121.84 -382.51 132.13 204.04
Debt/Equity(x) 0.95 1.06 0.61 0.55 0.45 0.54 0.53 0.66 0.75 0.33 0.46
Current Ratio(x) 0.98 1.04 1.12 1.05 0.99 1.09 1.03 0.99 1.25 1.92 1.96
Quick Ratio(x) 0.33 0.42 0.48 0.49 0.32 0.42 0.37 0.34 0.34 0.6 0.49
Interest Cover(x) 0.98 0.94 0.93 1 0.79 -0.23 -0.45 0.94 -0.01 1.72 2.25
Total Debt/Mcap(x) 2.13 2.65 1.93 3.77 12.41 7.02 2.01 3.66 0.89 0.31 0.49

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +58% +26% +19% +5%
Operating Profit CAGR +46% +55% — -1%
PAT CAGR +205% +86% — —
Share Price CAGR -37% +39% +44% +7%
ROE Average +7% +1% -1% -2%
ROCE Average +10% +6% +4% +6%

Hubtown Shareholding Pattern

Latest · Jun 2026
100% held
Promoters 33.17 %
FII 1.48 %
DII (MF + Insurance) 0.2 %
Public (retail) 65.14 %
Others 0.01 %
# Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Promoter 47.8546.628.8128.8132.0932.0935.0235.0232.8433.17
FII 3.333.576.7554.953.692.051.761.41.48
DII 00000.040.040.20.210.210.2
Public 48.8249.8364.4466.1862.9264.1862.7363.0165.5565.14
Others 0000000000
Total 100100100100100100100100100100

Hubtown Peer Comparison

Construction - Real Estate Edit Columns

Hubtown Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Hubtown Pros & Cons

Pros

  • Stock is trading at 0.9 times its book value
  • Debtor days have improved from 459.75 to 243.69days.

Cons

  • Promoter holding is low: 33.17%.
  • Company has a low return on equity of 1% over the last 3 years.
  • Earnings include an other income of Rs. 189 Cr.
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