HDIL
Housing Development and Infrastructure Limited
Residential and commercial real estate developer
Consumer Discretionary›Realty›Realty›Residential, Commercial Projects
hdil.in(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
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Price & valuation
Share price and valuation multiples (P/E, P/B and more) over time.
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What you need to know
Housing Development and Infrastructure Limited (HDIL) was a Mumbai-listed residential and commercial real estate developer that has been under Corporate Insolvency Resolution Process (CIRP) since an NCLT order dated 20 August 2019, initiated under Section 7 of the Insolvency and Bankruptcy Code, 2016.
Company snapshot
74thBy market cap
Ranked among 79 companies in Residential, Commercial Projects.
Segment mix
Reportable segments as of 2020-03-31 (Standalone). Revenue share = segment revenue ÷ total revenue.
Largest segment: 100.0% of revenue
| Segment | Revenue share | Revenue | PBT | Assets |
|---|---|---|---|---|
| Construction Business | 100.0% | 414 Cr | -482 Cr | — |
What we see
- ✓Revenue grew 85% in the latest year — strong top-line momentum.
- ✗Interest coverage of 1.4x — earnings barely cover interest payments, which is a warning sign.
Statement tables · Standalone
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Jun 2019 | Sept 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sept 2020 | Dec 2020 | Mar 2021 | Dec 2022 | Mar 2023 | Sept 2023 | Dec 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 93 Cr | 346 Cr | 2 Cr | 2 Cr | 0.28 Cr | 0.25 Cr | 0.13 Cr | 0.19 Cr | 0.27 Cr | 0.36 Cr | 0.44 Cr | 0.38 Cr |
| Operating expenses (approx.) | 51 Cr | 843 Cr | 9 Cr | 23 Cr | 0.53 Cr | 2 Cr | 3 Cr | 6 Cr | 2 Cr | 13 Cr | 2 Cr | 2 Cr |
| EBITDA | 42 Cr | -497 Cr | -7 Cr | -22 Cr | -0.26 Cr | -1 Cr | -3 Cr | -6 Cr | -2 Cr | -13 Cr | -1 Cr | -1 Cr |
| OPM % | 45.2% | -143.4% | -408.2% | -1190.1% | -92.6% | -520.3% | -2303.3% | -3204.5% | -703.8% | -3537.2% | -328.3% | -394.2% |
| Other income | 4 Cr | 4 Cr | 1 Cr | 0.97 Cr | 0.23 Cr | 0.27 Cr | 0.43 Cr | 0.35 Cr | 0.29 Cr | 0.34 Cr | 0.30 Cr | 0.25 Cr |
| Interest | 34 Cr | 77 Cr | 0.0020 Cr | 0 Cr | 0 Cr | 0 Cr | 0 Cr | 0 Cr | 0 Cr | 0 Cr | 0 Cr | 0 Cr |
| Depreciation | 1 Cr | 5 Cr | 1 Cr | 1 Cr | 0.69 Cr | 0.69 Cr | 0.69 Cr | 0.65 Cr | 0.60 Cr | 0.94 Cr | 0.66 Cr | 0.65 Cr |
| Profit before tax | 11 Cr | -578 Cr | -7 Cr | -13,422 Cr | -0.72 Cr | -2 Cr | -3 Cr | -6 Cr | -2 Cr | -13 Cr | -2 Cr | -2 Cr |
| Tax % | 21.6% | 0.4% | 0.0% | 0.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net profit | 8 Cr | -575 Cr | -7 Cr | -13,393 Cr | -0.72 Cr | -2 Cr | -3 Cr | -6 Cr | -2 Cr | -13 Cr | -2 Cr | -2 Cr |
| EPS (₹) | ₹0.18 | ₹-12.27 | ₹-0.15 | ₹-284.55 | ₹-0.02 | ₹-0.04 | ₹0.12 | ₹-0.14 | ₹-0.05 | ₹-0.28 | ₹-0.04 | ₹-0.12 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2023 | TTM |
|---|---|---|---|---|---|---|---|
| Sales | 711 Cr | 388 Cr | 584 Cr | 414 Cr | 0.85 Cr | 1 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 230 Cr | 68 Cr | 286 Cr | 898 Cr | 12 Cr | 20 Cr | Sign in free for the trailing twelve months |
| EBITDA | 481 Cr | 319 Cr | 298 Cr | -484 Cr | -11 Cr | -18 Cr | Sign in free for the trailing twelve months |
| OPM % | 67.6% | 82.4% | 51.0% | -116.8% | -1257.7% | -1406.8% | Sign in free for the trailing twelve months |
| Other income | 35 Cr | 15 Cr | 17 Cr | 10 Cr | 1 Cr | 1 Cr | Sign in free for the trailing twelve months |
| Interest | 300 Cr | 268 Cr | 192 Cr | 111 Cr | 0 Cr | 0 Cr | Sign in free for the trailing twelve months |
| Depreciation | 7 Cr | 7 Cr | 5 Cr | 9 Cr | 3 Cr | 3 Cr | Sign in free for the trailing twelve months |
| Profit before tax | 209 Cr | 59 Cr | 118 Cr | -13,997 Cr | -12 Cr | -20 Cr | Sign in free for the trailing twelve months |
| Tax % | 16.0% | -60.3% | 18.4% | 0.2% | 0.0% | 0.0% | Sign in free for the trailing twelve months |
| Net profit | 175 Cr | 95 Cr | 96 Cr | -13,967 Cr | -12 Cr | -20 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹4.08 | ₹2.22 | ₹2.11 | ₹-296.75 | ₹-0.26 | ₹-0.42 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | — | — | — | Sign in free for the trailing twelve months |
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2023 |
|---|---|---|---|---|---|---|
| Equity capital | 434 Cr | 434 Cr | 454 Cr | 474 Cr | 474 Cr | 474 Cr |
| Reserves | 10,887 Cr | 11,025 Cr | 11,262 Cr | 0 Cr | -2,726 Cr | -2,759 Cr |
| Borrowings | 1,928 Cr | 1,706 Cr | — | — | 2,481 Cr | 2,484 Cr |
| Other liabilities | 2,605 Cr | 3,052 Cr | — | — | 3,742 Cr | 3,764 Cr |
| Total liabilities | 15,853 Cr | 16,217 Cr | — | — | 3,971 Cr | 3,963 Cr |
| Fixed assets (net) | 116 Cr | 111 Cr | — | — | 106 Cr | 101 Cr |
| CWIP | — | — | — | — | — | 0 Cr |
| Investments | 1,092 Cr | 1,084 Cr | — | — | 594 Cr | 594 Cr |
| Loans & advances | — | — | — | — | 0 Cr | 11 Cr |
| Inventories | 11,645 Cr | 12,265 Cr | — | — | 2,837 Cr | 2,837 Cr |
| Trade receivables | 262 Cr | 382 Cr | — | — | 407 Cr | 404 Cr |
| Cash & bank | 4 Cr | 3 Cr | — | — | 4 Cr | 4 Cr |
| Other assets | 2,735 Cr | 2,371 Cr | — | — | 22 Cr | 13 Cr |
| Total assets | 15,853 Cr | 16,217 Cr | — | — | 3,971 Cr | 3,963 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2023 |
|---|---|---|---|---|---|---|
| Cash from operating activity | 158 Cr | 374 Cr | — | -1,018 Cr | -4 Cr | -2 Cr |
| Cash from investing | 37 Cr | 18 Cr | — | 132 Cr | -0.0016 Cr | 0.28 Cr |
| Cash from financing | -227 Cr | -392 Cr | — | 868 Cr | 4 Cr | 0.05 Cr |
| Net cash flow | -31 Cr | 0.06 Cr | — | -17 Cr | -0.08 Cr | -2 Cr |
| Free cash flow (OCF − Capex) | 158 Cr | 374 Cr | — | -1,018 Cr | -4 Cr | -2 Cr |
Ratios
| Metric | Mar 2017 | Mar 2018 | Mar 2019 |
|---|---|---|---|
| ROCE % | 4.6% | 2.9% | 3.5% |
| ROE % | 1.6% | 0.8% | 0.9% |
| Debtor days | 154 | 402 | — |
| Inventory days | 4585 | 13178 | — |
| Days payable | 167 | 434 | — |
| Cash conversion cycle | 4572 | 13146 | — |
| OCF / EBITDA % | 100.5% | 105.2% | — |
| Debt / equity | 0.22 | 0.20 | 0.00 |
| Current ratio | — | — | — |
| Net debt / EBITDA | 4.01 | — | 0.00 |