HUDCO

Housing & Urban Development Corporation Limited

Government-owned financier for housing and urban infrastructure

Financial Services›Financial Services›Finance›Financial Institution

hudco.org.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹161.09
Market cap
32,260 Cr
Stock P/E
7.6
P/B
1.47
Dividend yield
3.3%
ROE (FY26)
18.4%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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What you need to know

HUDCO (Housing & Urban Development Corporation) is a lender for housing and urban infrastructure projects in India, working with state governments and urban local bodies and, since recently, also financing private-sector projects.

Company snapshot

4thBy market cap

Ranked among 7 companies in Financial Institution.

What we see

Positives
  • ✓Net margin of 30.7% — the business keeps a healthy share of every rupee it earns.
Concerns
  • ✗Operating cash flow is negative even though the company shows a profit — the business may not be generating real cash yet.
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Statement tables · Consolidated

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

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Net Interest Income627 Cr————983 Cr962 Cr948 Cr1,050 Cr1,025 Cr1,142 Cr1,149 Cr
Other income16 Cr10 Cr129 Cr9 Cr8 Cr10 Cr10 Cr8 Cr32 Cr74 Cr62 Cr20 Cr
Net operating income643 Cr10 Cr129 Cr9 Cr8 Cr993 Cr972 Cr956 Cr1,082 Cr1,099 Cr1,204 Cr1,169 Cr
Employee cost55 Cr32 Cr98 Cr40 Cr66 Cr60 Cr64 Cr68 Cr66 Cr74 Cr60 Cr71 Cr
Other expenses26 Cr-20 Cr-90 Cr7 Cr-204 Cr30 Cr47 Cr30 Cr32 Cr30 Cr54 Cr37 Cr
Provisions & contingencies————————————
Depreciation2 Cr2 Cr2 Cr2 Cr3 Cr3 Cr4 Cr3 Cr3 Cr3 Cr4 Cr2 Cr
Profit before tax606 Cr696 Cr943 Cr685 Cr1,000 Cr932 Cr1,020 Cr857 Cr955 Cr788 Cr621 Cr1,066 Cr
Tax %25.5%25.4%25.8%18.5%31.1%21.1%28.7%26.5%25.6%9.6%-219.0%20.2%
Net profit452 Cr519 Cr700 Cr558 Cr689 Cr735 Cr728 Cr630 Cr710 Cr713 Cr1,981 Cr851 Cr
EPS (₹)₹2.26₹2.59₹3.50₹2.79₹3.44₹3.67₹3.64₹3.15₹3.55₹3.56₹9.90₹4.25

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Net Interest Income——2,395 Cr2,635 Cr2,408 Cr2,356 Cr2,476 Cr—3,453 Cr4,166 CrSign in free for the trailing twelve months
Other income86 Cr97 Cr44 Cr40 Cr43 Cr44 Cr0 Cr164 Cr37 Cr177 CrSign in free for the trailing twelve months
Net operating income86 Cr97 Cr2,439 Cr2,674 Cr2,451 Cr2,399 Cr2,476 Cr164 Cr3,490 Cr4,342 CrSign in free for the trailing twelve months
Employee cost124 Cr168 Cr224 Cr239 Cr206 Cr218 Cr187 Cr233 Cr230 Cr268 CrSign in free for the trailing twelve months
Other expenses42 Cr60 Cr72 Cr127 Cr143 Cr137 Cr163 Cr-99 Cr131 Cr146 CrSign in free for the trailing twelve months
Provisions & contingencies——————————Sign in free for the trailing twelve months
Depreciation5 Cr5 Cr5 Cr6 Cr7 Cr8 Cr11 Cr10 Cr11 Cr13 CrSign in free for the trailing twelve months
Profit before tax1,175 Cr1,091 Cr1,863 Cr2,174 Cr2,229 Cr2,346 Cr2,289 Cr2,843 Cr3,637 Cr3,221 CrSign in free for the trailing twelve months
Tax %28.3%26.7%36.7%21.4%29.2%26.8%25.7%25.6%25.5%-25.2%Sign in free for the trailing twelve months
Net profit842 Cr800 Cr1,180 Cr1,708 Cr1,579 Cr1,716 Cr1,701 Cr2,117 Cr2,709 Cr4,034 CrSign in free for the trailing twelve months
EPS (₹)₹4.21₹4.00₹5.89₹8.53₹7.89₹8.57₹8.50₹10.57₹13.53₹20.15Sign in free for the trailing twelve months
Dividend payout %————39.3%0.0%0.0%43.5%42.5%26.3%Sign in free for the trailing twelve months
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

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital2,002 Cr2,002 Cr2,002 Cr2,002 Cr2,002 Cr2,002 Cr2,002 Cr2,002 Cr2,002 Cr2,002 Cr
Reserves7,166 Cr7,821 Cr8,953 Cr10,340 Cr11,186 Cr12,466 Cr13,442 Cr14,611 Cr15,966 Cr19,974 Cr
Borrowings26,707 Cr34,070 Cr59,848 Cr61,437 Cr60,978 Cr61,503 Cr62,905 Cr—1,07,297 Cr1,41,677 Cr
Other liabilities3,463 Cr5,055 Cr2,026 Cr2,347 Cr2,792 Cr2,924 Cr2,621 Cr76,810 Cr3,231 Cr3,186 Cr
Total liabilities39,339 Cr48,949 Cr72,828 Cr76,126 Cr76,958 Cr78,895 Cr80,969 Cr93,422 Cr1,28,496 Cr1,66,838 Cr
Fixed assets (net)72 Cr70 Cr50 Cr45 Cr63 Cr74 Cr62 Cr56 Cr57 Cr60 Cr
CWIP43 Cr47 Cr39 Cr52 Cr17 Cr17 Cr17 Cr14 Cr14 Cr23 Cr
Investments367 Cr367 Cr555 Cr252 Cr268 Cr276 Cr650 Cr20 Cr1,337 Cr2,247 Cr
Loans & advances——70,964 Cr74,268 Cr74,292 Cr76,990 Cr79,237 Cr—1,24,341 Cr1,60,547 Cr
Trade receivables6 Cr4 Cr4 Cr6 Cr8 Cr7 Cr1 Cr—2 Cr0.77 Cr
Cash & bank333 Cr222 Cr111 Cr223 Cr1,286 Cr560 Cr48 Cr370 Cr44 Cr2 Cr
Other assets38,518 Cr48,239 Cr1,106 Cr1,281 Cr1,024 Cr970 Cr954 Cr92,963 Cr2,701 Cr3,958 Cr
Total assets39,339 Cr48,949 Cr72,828 Cr76,126 Cr76,958 Cr78,895 Cr80,969 Cr93,422 Cr1,28,496 Cr1,66,838 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-2,598 Cr-7,829 Cr-23,400 Cr-1,336 Cr2,161 Cr-806 Cr-851 Cr-10,287 Cr-31,603 Cr-33,912 Cr
Cash from investing-5 Cr-4 Cr18 Cr83 Cr-14 Cr-0.93 Cr-352 Cr435 Cr-939 Cr-884 Cr
Cash from financing2,509 Cr7,857 Cr23,422 Cr1,365 Cr-1,083 Cr81 Cr691 Cr10,174 Cr32,215 Cr34,793 Cr
Net cash flow-93 Cr24 Cr39 Cr112 Cr1,063 Cr-726 Cr-512 Cr322 Cr-326 Cr-3 Cr
Free cash flow (OCF − Capex)-2,606 Cr-7,836 Cr-23,408 Cr-1,352 Cr2,150 Cr-812 Cr-853 Cr-10,291 Cr-31,624 Cr-33,939 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %9.2%8.1%10.8%13.8%12.0%11.9%11.0%12.7%15.1%18.4%
Debt / equity2.913.475.464.984.624.254.070.045.976.45