New Risk • May 12
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹952.7m (US$9.98m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Negative equity (-₹23b). Market cap is less than US$10m (₹952.7m market cap, or US$9.98m). Minor Risk Revenue is less than US$5m (₹165m revenue, or US$1.7m). New Risk • Apr 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Negative equity (-₹23b). Market cap is less than US$10m (₹914.8m market cap, or US$9.75m). Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Revenue is less than US$5m (₹165m revenue, or US$1.8m). New Risk • Mar 30
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹914.8m (US$9.66m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Negative equity (-₹23b). Market cap is less than US$10m (₹914.8m market cap, or US$9.66m). Minor Risk Revenue is less than US$5m (₹165m revenue, or US$1.7m). Announcement • Mar 05
Housing Development and Infrastructure Limited to Report Q3, 2026 Results on Mar 13, 2026 Housing Development and Infrastructure Limited announced that they will report Q3, 2026 results on Mar 13, 2026 Reported Earnings • Jan 18
Second quarter 2026 earnings released: ₹0.10 loss per share (vs ₹0.08 loss in 2Q 2025) Second quarter 2026 results: ₹0.10 loss per share (further deteriorated from ₹0.08 loss in 2Q 2025). Net loss: ₹24.7m (loss widened 2.4% from 2Q 2025). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. New Risk • Oct 10
New major risk - Negative shareholders equity The company has negative equity. Total equity: -₹23b This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Negative equity (-₹23b). Minor Risks Revenue is less than US$5m (₹353m revenue, or US$4.0m). Market cap is less than US$100m (₹1.37b market cap, or US$15.4m). Reported Earnings • Sep 09
Full year 2025 earnings released Full year 2025 results: Net loss: ₹113.0k (loss narrowed 100% from FY 2024). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Announcement • Sep 03
Housing Development and Infrastructure Limited to Report Q4, 2025 Final Results on Sep 08, 2025 Housing Development and Infrastructure Limited announced that they will report Q4, 2025 final results at 12:08 PM, Indian Standard Time on Sep 08, 2025 New Risk • Sep 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (0.3% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (8.7% average weekly change). Minor Risks Negative equity (-₹23b). Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Revenue is less than US$5m (₹362m revenue, or US$4.1m). Market cap is less than US$100m (₹1.44b market cap, or US$16.4m). New Risk • Jun 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (0.3% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (9.5% average weekly change). Minor Risks Negative equity (-₹23b). Revenue is less than US$5m (₹362m revenue, or US$4.2m). Market cap is less than US$100m (₹1.66b market cap, or US$19.3m). Announcement • May 26
Housing Development and Infrastructure Limited to Report Q4, 2025 Results on May 30, 2025 Housing Development and Infrastructure Limited announced that they will report Q4, 2025 results at 12:08 PM, Indian Standard Time on May 30, 2025 New Risk • Apr 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (0.3% operating cash flow to total debt). Minor Risks Negative equity (-₹23b). Share price has been volatile over the past 3 months (8.5% average weekly change). Revenue is less than US$5m (₹362m revenue, or US$4.2m). Market cap is less than US$100m (₹1.46b market cap, or US$17.0m). Reported Earnings • Feb 16
Third quarter 2025 earnings released: EPS: ₹0.05 (vs ₹0.038 loss in 3Q 2024) Third quarter 2025 results: EPS: ₹0.05 (up from ₹0.038 loss in 3Q 2024). Net income: ₹66.0m (up ₹83.8m from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Feb 07
Housing Development and Infrastructure Limited to Report Q3, 2025 Results on Feb 14, 2025 Housing Development and Infrastructure Limited announced that they will report Q3, 2025 results on Feb 14, 2025 Reported Earnings • Nov 20
Second quarter 2025 earnings released: ₹0.08 loss per share (vs ₹0.04 loss in 2Q 2024) Second quarter 2025 results: ₹0.08 loss per share (further deteriorated from ₹0.04 loss in 2Q 2024). Net loss: ₹24.1m (loss widened 35% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Nov 09
Housing Development and Infrastructure Limited to Report Q2, 2025 Results on Nov 15, 2024 Housing Development and Infrastructure Limited announced that they will report Q2, 2025 results on Nov 15, 2024 Reported Earnings • Aug 15
First quarter 2025 earnings released: ₹0.03 loss per share (vs ₹0.04 loss in 1Q 2024) First quarter 2025 results: ₹0.03 loss per share (improved from ₹0.04 loss in 1Q 2024). Net loss: ₹16.1m (loss narrowed 21% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 3% per year. Announcement • Aug 08
Housing Development and Infrastructure Limited to Report Q1, 2025 Results on Aug 14, 2024 Housing Development and Infrastructure Limited announced that they will report Q1, 2025 results on Aug 14, 2024 Reported Earnings • Jun 04
Full year 2024 earnings released: ₹0.22 loss per share (vs ₹0.42 loss in FY 2023) Full year 2024 results: ₹0.22 loss per share (improved from ₹0.42 loss in FY 2023). Net loss: ₹103.2m (loss narrowed 48% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 13% per year. Announcement • May 24
Housing Development and Infrastructure Limited to Report Q4, 2024 Results on May 30, 2024 Housing Development and Infrastructure Limited announced that they will report Q4, 2024 results on May 30, 2024 Reported Earnings • Feb 14
Third quarter 2024 earnings released: ₹0.12 loss per share (vs ₹0.05 loss in 3Q 2023) Third quarter 2024 results: ₹0.12 loss per share. Net loss: ₹17.8m (loss narrowed 19% from 3Q 2023). Announcement • Feb 07
Housing Development and Infrastructure Limited to Report Q3, 2024 Results on Feb 13, 2024 Housing Development and Infrastructure Limited announced that they will report Q3, 2024 results on Feb 13, 2024 Reported Earnings • Dec 16
Second quarter 2024 earnings released: ₹0.04 loss per share (vs ₹0.05 loss in 2Q 2023) Second quarter 2024 results: ₹0.04 loss per share (improved from ₹0.05 loss in 2Q 2023). Net loss: ₹17.9m (loss narrowed 22% from 2Q 2023). Announcement • Dec 07
Housing Development and Infrastructure Limited to Report Q2, 2024 Results on Dec 12, 2023 Housing Development and Infrastructure Limited announced that they will report Q2, 2024 results on Dec 12, 2023 Announcement • Sep 21
Housing Development and Infrastructure Limited to Report Q1, 2024 Results on Sep 27, 2023 Housing Development and Infrastructure Limited announced that they will report Q1, 2024 results on Sep 27, 2023 Reported Earnings • Aug 02
Full year 2023 earnings released: ₹0.42 loss per share (vs ₹0.26 loss in FY 2022) Full year 2023 results: ₹0.42 loss per share (further deteriorated from ₹0.26 loss in FY 2022). Net loss: ₹198.0m (loss widened 61% from FY 2022). Announcement • Jul 25
Housing Development and Infrastructure Limited to Report Q4, 2023 Results on Jul 31, 2023 Housing Development and Infrastructure Limited announced that they will report Q4, 2023 results at 4:00 PM, Indian Standard Time on Jul 31, 2023 Reported Earnings • Feb 10
Third quarter 2023 earnings released: ₹0.05 loss per share (vs ₹0.06 loss in 3Q 2022) Third quarter 2023 results: ₹0.05 loss per share (improved from ₹0.06 loss in 3Q 2022). Net loss: ₹21.9m (loss narrowed 21% from 3Q 2022). Announcement • Feb 02
Housing Development and Infrastructure Limited to Report Q3, 2023 Results on Feb 09, 2023 Housing Development and Infrastructure Limited announced that they will report Q3, 2023 results on Feb 09, 2023 Reported Earnings • Nov 25
First quarter 2023 earnings released: ₹0.04 loss per share (vs ₹0.04 loss in 1Q 2022) First quarter 2023 results: ₹0.04 loss per share (in line with 1Q 2022). Net loss: ₹20.0m (loss widened 3.6% from 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 150 percentage points per year, which is a significant difference in performance. Announcement • Nov 18
Housing Development and Infrastructure Limited to Report Q2, 2023 Results on Nov 24, 2022 Housing Development and Infrastructure Limited announced that they will report Q2, 2023 results on Nov 24, 2022 Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 6 highly experienced directors. Non-Executive Independent Director Hazari Lal was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 28
Housing Development and Infrastructure Limited to Report Fiscal Year 2022 Results on Oct 03, 2022 Housing Development and Infrastructure Limited announced that they will report fiscal year 2022 results on Oct 03, 2022 Announcement • May 29
Housing Development and Infrastructure Limited to Report Nine Months, 2022 Results on Jun 03, 2022 Housing Development and Infrastructure Limited announced that they will report nine months, 2022 results on Jun 03, 2022 Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. Non-Executive Independent Director Hazari Lal was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Is New 90 Day High Low • Feb 26
New 90-day low: ₹5.35 The company is down 1.0% from its price of ₹5.41 on 27 November 2020. The Indian market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 40% over the same period. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹7.09, the stock is trading at a trailing P/E ratio of 3.8x, down from the previous P/E ratio of 4.6x. This compares to an average P/E of 14x in the Real Estate industry in India. Total return to shareholders over the past three years is a loss of 88%. Announcement • Dec 10
Housing Development and Infrastructure Limited, Annual General Meeting, Dec 30, 2020 Housing Development and Infrastructure Limited, Annual General Meeting, Dec 30, 2020, at 12:00 Indian Standard Time. Agenda: To consider and adopt the audited and consolidated financial statements of the company for the financial year ended March 31, 2020 and the reports of the directors and auditors thereon; to appoint statutory auditors of the company and to fix their remuneration; to appoint M/s. Dayal & Lohia, chartered accountants, as statutory auditors of the company to fill the casual vacancy caused due to the resignation of m/s. rajeswari & associates, chartered accountants; and to ratify remuneration payable to cost auditor. Is New 90 Day High Low • Dec 04
New 90-day high: ₹6.37 The company is up 2.0% from its price of ₹6.27 on 04 September 2020. The Indian market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 27% over the same period. Valuation Update With 7 Day Price Move • Nov 26
Market bids up stock over the past week After last week's 20% share price gain to ₹5.16, the stock is trading at a trailing P/E ratio of 2.5x, up from the previous P/E ratio of 2.1x. This compares to an average P/E of 15x in the Real Estate industry in India. Total return to shareholders over the past three years is a loss of 92%. Valuation Update With 7 Day Price Move • Oct 12
Market pulls back on stock over the past week After last week's 15% share price decline to ₹4.35, the stock is trading at a trailing P/E ratio of 2.4x, down from the previous P/E ratio of 2.8x. This compares to an average P/E of 13x in the Real Estate industry in India. Total return to shareholders over the past three years is a loss of 92%. 
