HUDCO · Housing & Urban Development Corporation Ltd · Consumer Financial Services
HUDCO · Housing & Urban Development Corporation Ltd · Consumer Financial Services
As of 06 Nov close
52-week range
35.2% below 52-week high
52-week range: as of 06 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 16 Oct 2026
Revenue (latest Q)
₹1,176 Cr
Revenue YoY
PAT YoY
+35.0%
Operating margin
Revenue, last 5 quarters
Source: Yahoo Finance, as of 30 Jun 2026
P/E (TTM)
P/B
1.3
P/S (TTM)
Not available from data source
Sector P/E
Not available from data source
Dividend yield
+4.2%
Source: Yahoo Finance, as of 29 Oct 2026
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| HUDCO (this stock) | 6.9 | 1.3 | Not available from data source | +18.4% | 6.45 | +4.2% |
| Bajaj Finance * | 30.8 | 5.7 | +23.8% | +17.8% | 3.22 | +0.5% |
| Shriram Finance * | 18.4 | 3.6 | +22.8% | +17.2% | 3.8 | +1.1% |
| Tata Capital * | 28.7 | 3.3 | +17.0% | +11.8% | 5.15 | +0.2% |
* Net margin, ROE, D/E and dividend yield for these companies come from RedixFi fundamentals; the data vendor had no values for them.
Promoter
stable
FII
rising 2q
MF
1.83% (-0.68pp)
falling 2q
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
No bulk/block deals in the last 12 months.
News timeline
- unknowneconomictimes.indiatimes.com· 03 Sept 2026, 11:06 amHUDCO shares jump 4% after signing Rs 25,000 crore MoU with Bihar government for infrastructure development
Concalls & investor presentations
AI-generatedKey takeaway: The earnings conference call for Housing and Urban Development Corporation Limited (HUDCO) on July 28, 2026, featured management discussing the company's alignment with national policies and the potential for urban infrastructure development. Management highlighted the shift from grant-based schemes to bankable projects, emphasizing the importance of sustainable and viable urban infrastructure. They reported that HUDCO has retired short-term foreign currency loans, with over 99% of borrowings being long-term. The management also mentioned the signing of two significant MOUs with Gujarat and Bihar, focusing on large-scale infrastructure projects. They indicated a planned disbursement of around INR 65,000 crores for FY '27 and a goal of reaching a loan book of INR 3 lakh crores by 2030. The management expressed confidence in maintaining a spread of around 2% and net interest margins of approximately 3%. Overall, the call reflected a strong commitment to urban development and financial stability.
Management emphasized growth opportunities and strategic initiatives in urban infrastructure.
Sourced from an exchange-filed transcript, dated 31 Jul 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedHUDCO reported a Total Income of Rs.13,327.13 crore for FY2025-26, up from Rs.10,348.38 crore in FY2024-25, with Profit After Tax (PAT) at Rs.4,034.37 crore, a significant increase from Rs.2,709.14 crore previously. The company maintained strong asset quality with low NPA levels and successfully redeemed Rs.18,781.85 crore in debt obligations without defaults. However, HUDCO faces challenges in compliance with SEBI regulations regarding Independent Directors and RBI requirements for NBFC-IFC status, including non-compliance with exposure thresholds and divestment deadlines. Additionally, the company holds investments in underperforming entities like Ind Bank Housing Ltd. (IBHL) at diminished values and has unresolved disputes over tax demands amounting to Rs.152.98 crore.
- Total Income rose to Rs.13,327.13 crore (FY2025-26) with PAT at Rs.4,034.37 crore, reflecting strong financial performance.
- HUDCO redeemed Rs.18,781.85 crore in debt obligations without defaults, maintaining a strong debt servicing track record.
- Non-compliance with SEBI regulations on Independent Directors and RBI's NBFC-IFC requirements, including exposure thresholds and divestment deadlines, remains a significant risk.
- Investments in underperforming entities like IBHL are valued at diminished amounts, with a Rs.2.50 crore investment written down to Rs.1 crore as of March 31, 2026.
- Disputed tax demands amounting to Rs.152.98 crore remain unresolved, impacting financial clarity.
Key takeaway: HUDCO demonstrates strong financial performance with increased income and profit, but faces regulatory compliance issues, unresolved tax disputes, and underperforming investments that pose material risks.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Auditor Qualification (2 items); Regulatory Action (3 items); Default / Covenant Breach (2 items); Investigation or enforcement mention (3 items)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Auditor Qualification
2 occurrencesEarlier (1-3 years ago)
The auditor issued a qualified opinion, noting deficiencies in the design and operating effectiveness of controls over the core Loan Management System (LMS), including manual interventions in key reports, and opportunities to enhance entity-level controls and financial closure processes, particularly cut-off procedures and information flow supervision between regional offices.
The auditor identified deficiencies in the company's internal financial controls, including inadequate security deposits for investment properties and issues with entity-level controls, cut-off procedures, and reconciliation processes.
Regulatory Action
3 occurrencesRecent (last 12 months)
The company has been fined Rs. 3,69,81,200/- by NSE and BSE for non-compliance with SEBI (LODR) Regulations, 2015 regarding corporate governance, including board composition and independent director appointments, with an outstanding amount of Rs. 2,92,22,700/- as of 31 March 2026.
Earlier (1-3 years ago)
The company did not comply with Section 149(1) of the Act, Regulation 17(1)(a) of the Listing Regulations, Clause 3.1.2 of DPE Guidelines from 22.11.2024 to 31.03.2025, and failed to meet requirements under Regulation 17(1)(b) and Clause 3.1.4 from 01.04.2024 to 31.03.2025 due to absence of Independent Directors.
The company received notices from NSE and BSE for non-compliance with SEBI (LODR) Regulations, 2015 regarding board composition and independent directors, and was fined Rs. 2,51,26,920 (Rs. 1,25,63,460 each from NSE and BSE) from Q3 2019 to March 2024, though part of the fine was waived.
Default / Covenant Breach
2 occurrencesRecent (last 12 months)
The company has total overdue amounts of principal and interest on loans and advances in the nature of loans, with specific amounts listed in a table, indicating potential defaults or covenant breaches.
Earlier (1-3 years ago)
HUDCO cancelled the allotment of a hotel site and car parking space to Tomorrowland Technologies Exports Ltd. (TTEL) due to TTEL's default in payment of instalments, and TTEL has filed litigation challenging this cancellation.
Investigation or enforcement mention
3 occurrencesRecent (last 12 months)
HUDCO has a Whistle Blower Policy and Vigilance Mechanism to address unethical behavior, fraud, or violations. A complaint was filed against an employee by Shri Pravin Namdevrao Madavi, leading to FIR No. 187/16 under IPC sections 420, 120, 120(B), 34 and Maharashtra Ownership of Flats Act, 1963, investigated by EOW, Nagpur Police.
Earlier (1-3 years ago)
An FIR was registered by EOW Nagpur against 8 people including 2 HUDCO employees in a case filed in the Court of CJM-Nagpur, with charges yet to be determined.
HUDCO has an outstanding amount of Rs. 1,74,38,040 to NSE and BSE as of 31 March 2024, with letters already sent for waiver.
Routine disclosures
Contingent Liability
3 occurrencesRecent (last 12 months)
The company's CRAR decline is attributed to an increase in contingent liabilities and other off-balance sheet exposures, including pending disbursement commitments.
Earlier (1-3 years ago)
The company faces a contingent liability from a legal case where a decree of ₹0.28 crore plus interest was awarded against it, with a stay pending deposit of 2/3rd of the amount. Additionally, a loan recall by HUDCO due to non-payment of rental by a subsidiary is under judicial review, affecting the fair market value assessment of sub-leased land.
The company has disputed income tax demands against which it has filed appeals, having paid ₹301.70 crore under protest as of 31 March 2024, excluding unquantified interest/penalties.
Related-Party Transaction
3 occurrencesRecent (last 12 months)
The company has outstanding amounts towards Welfare Advance and HBA Interest totaling Rs. 3,50,773/- as on 31st March, 2026, related to related parties.
Earlier (1-3 years ago)
The company had invested Rs.2.50 Crore in Ind Bank Housing Limited (IBHL) over 30 years ago, but due to IBHL's negative net worth and low trading volume, the investment is now valued at Re.1 only as of 31st March 2025.
The company has investments in Indbank Housing Ltd. (IBHL) and several associate companies, including Shristi Urban Infrastructure Development Ltd., Pragati Social Infrastructure & Development Ltd., and Signa Infrastructure India Ltd., which may indicate related-party transactions.
Statutory dues in dispute
1 occurrenceEarlier (1-3 years ago)
The company has disputed income tax demands totaling Rs. 307.91 crore under various assessments years, with disputes pending before multiple authorities including Add. CIT, ITAT, and the Supreme Court.
Management & Board Governance
2 occurrencesRecent (last 12 months)
The company has transactions that may conflict with its interests, and no contracts or arrangements were entered into as required under Section 188 of the Companies Act, 2013.
Earlier (1-3 years ago)
The company does not have any Independent Director on its Board up to the closure of the financial year after the tenure of the Independent Directors ended on 21.11.2024.