Hubtown Limited (HUBTOWN)

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Hubtown Limited (HUBTOWN) · mywealthgrid

About

Hubtown Limited develops residential and commercial real estate projects within Consumer Discretionary. Market cap ₹2,651.87 Cr; quarterly consolidated revenues range ₹155–208 Cr driven by project completions. Earnings are highly sensitive to project delivery cycles, creating substantial quarterly volatility.

Face value: ₹10

Market cap

₹2,521 Cr

P/E

26.8×

P/B

1.0×

Dividend yield

ROE

5.9%

ROCE

10.1%

Debt / equity

0.46

OPM

23.7%

EPS (TTM)

₹6.6

Book value

₹184.9

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Extreme earnings volatility: quarterly revenue ₹21–208 Cr, net profit ₹2.53–31.67 Cr, OPM ranges −21% to +71%. Verify whether project accounting or operational factors drive these swings and sustainability of margins.
ROE of 5.9% despite 23.73% OPM is critically low, indicating capital tied up generates poor returns. Verify reinvestment needs, cash cycle, and whether returns adequately compensate for capital deployment.
Stock declined 44.58% over 1 year; 52-week range ₹172–364 reflects distress. Verify whether driven by project delays, demand weakness in discretionary residential/commercial, or financing constraints.
Debt-to-equity 0.46 is moderate but verify absolute leverage levels, maturity profile, and exposure to rising interest rates on refinancing.

Generated analysis · source review pending

Growth drivers

Consolidated revenue reached ₹208.51 Cr in Sep 2025; verify ongoing project pipeline and new launches to sustain delivery scale.
Operating margins of 49–71% on completed projects (Mar, Jun quarters) demonstrate per-project pricing; verify demand environment and ability to replicate across future projects.
Net profit improved to ₹26.58 Cr (Jun 2026) from ₹2.53 Cr (Sep 2025); verify if execution has stabilized or this reflects seasonal completion patterns.
Market cap ₹2,651.87 Cr in India's growing residential and commercial segment; verify competitive positioning and land/acquisition strategy vs peers.

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹177.4+6.6%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 23.7%
+Profit CAGR of 69.5% over the last 3 years
+Revenue CAGR of 19.3% over the last 5 years

Cons

−Low return on equity of 0.6% (3-yr avg)

Research score

Structured signal from quality, growth, valuation and momentum.

46/100

Business quality: 34
Growth: 50
Valuation: 56

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Lodha Developers LimitedLODHALODHA	₹1,10,460 Cr	₹1,20,344 Cr	₹18,181 Cr	₹5,859 Cr	29.5%	₹4,126 Cr	20.6%	20.1%	15.8%	1,405
The Phoenix Mills LimitedPHOENIXLTDPHOENIXLTD	₹69,017 Cr	₹74,313 Cr	₹4,545 Cr	₹2,714 Cr	59.6%	₹1,280 Cr	35.2%	12.4%	11.4%	734
Prestige Estates Projects LimitedPRESTIGEPRESTIGE	₹64,006 Cr	₹78,992 Cr	₹13,053 Cr	₹3,675 Cr	29.2%	₹1,139 Cr	10.3%	13.6%	7.5%	2,755
Oberoi Realty LimitedOBEROIRLTYOBEROIRLTY	₹63,797 Cr	₹66,613 Cr	₹6,322 Cr	₹3,572 Cr	55.9%	₹2,630 Cr	41.7%	17.5%	14.9%	1,581
Godrej Properties LimitedGODREJPROPGODREJPROP	₹48,065 Cr	₹63,680 Cr	₹5,203 Cr	₹-458 Cr	-8.1%	₹1,600 Cr	35.9%	12.5%	10.1%	6,464
Anant Raj LimitedANANTRAJANANTRAJ	₹20,797 Cr	₹21,403 Cr	₹2,551 Cr	₹688 Cr	26.1%	₹579 Cr	22.2%	12%	11.2%	236
Brigade Enterprises LimitedBRIGADEBRIGADE	₹18,579 Cr	₹24,688 Cr	₹5,532 Cr	₹1,465 Cr	25.1%	₹695 Cr	12.7%	11.1%	10.3%	938
Horizon Industrial Parks LimitedHORIZONINDHORIZONIND	₹14,025 Cr	₹20,910 Cr	₹691 Cr	₹531 Cr	76.9%	₹-198 Cr	-29.5%	3.3%	-5.9%	-46
Sobha LimitedSOBHASOBHA	₹12,968 Cr	₹13,970 Cr	₹5,617 Cr	₹364 Cr	6%	₹231 Cr	3.7%	7.4%	4.2%	17,827
Aditya Birla Real Estate LimitedABRELABREL	₹12,293 Cr	₹17,929 Cr	₹450 Cr	₹-375 Cr	-88.2%	₹-116 Cr	-83%	-4.4%	-2.7%	22,467
Sri Lotus Developers And Realty LimitedLOTUSDEVLOTUSDEV	₹11,244 Cr	₹11,374 Cr	₹840 Cr	₹299 Cr	36.5%	₹257 Cr	31.6%	22.3%	16.7%	840
Signatureglobal (India) LimitedSIGNATURESIGNATURE	₹10,376 Cr	₹13,317 Cr	₹2,282 Cr	₹-126 Cr	-1.9%	₹1,044 Cr	42.2%	3.4%	85%	1,407

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	563	273	266	190	319	258	408	644
COGS	179	-46	5	63	140	119	151	304
Gross profit	384	—	261	127	179	138	258	339
	349	257	328	185	101	251	151	191
	35	62	-67	-58	79	-112	107	148
OPM %	6.2%	22.6%	-25.2%	-30.4%	24.6%	-43.6%	26.2%	23%
Depreciation	3	4	4	4	3	3	3	3
Interest	351	139	105	87	94	74	135	151
	291	38	46	24	17	104	118	189
Profit before tax	-29	-43	-122	-125	-2	-85	87	184
Tax	-2	17	-0	3	-32	1	41	20
Tax %	-8.1%	39.8%	-0.1%	2.6%	-1,757.6%	0.8%	47.4%	11%
	-26	-61	-122	-128	31	-86	46	164
PAT margin %	-4.7%	-22.2%	-45.7%	-67.5%	9.6%	-33.4%	11.2%	25.4%
EPS (₹)	-3.6	-8.3	-16.6	-17.7	4.2	-11.2	4.4	10.6
EPS adjusted (₹)	-3.6	-8.4	-16.6	-17.7	4	-10.7	3.4	10.5
Annual report	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	73	73	73	73	73	73	73	76	80	136	142
Reserves	1,605	1,578	1,549	1,530	—	1,339	1,216	1,229	1,178	2,273	2,486
Minority interest	22	21	22	22	—	21	19	23	55	61	37
	1,027	1,332	663	522	—	765	678	862	940	793	1,196
	1,635	1,928	2,572	2,579	—	2,228	2,716	2,314	2,657	2,156	2,442
Total equity & liabilities	4,362	4,931	4,878	4,726	—	4,427	4,702	4,504	4,910	5,418	6,302
	36	33	32	39	48	34	35	33	107	112	124
CWIP	12	10	12	14	—	17	17	17	17	17	17
Investments	564	1,711	1,707	1,619	—	1,289	1,266	1,157	137	121	99
	3,749	3,177	3,127	3,054	—	3,087	3,385	3,298	4,648	5,168	6,062
Total assets	4,362	4,931	4,878	4,726	—	4,427	4,702	4,504	4,910	5,418	6,302

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	68.3%	—	98.1%	66.7%	56.2%	53.7%	63%	52.7%
EBITDA margin %	6.9%	27.8%	-25.2%	-31.3%	23.3%	-39.6%	28.5%	23.7%
EBIT margin %	6.3%	26.2%	-26.6%	-33.4%	22.3%	-40.8%	27.8%	23.2%
PAT margin %	-4.7%	-22.2%	-45.7%	-67.5%	9.6%	-33.4%	11.2%	25.4%
Working capital
Receivable days	204	—	254	468	232	270	271	153
Inventory days	3,023	—	1,28,179	11,983	5,264	8,940	7,615	4,576
Payable days	363	—	13,348	1,145	477	0	461	259
NWC days	2,864	—	1,15,085	11,305	5,019	9,210	7,425	4,470
Leverage
Current ratio	1.05	—	1.09	1.03	0.99	1.25	1.92	1.96
Debt to EBITDA	13.56	—	—	—	11.6	—	6.82	7.83
Debt to equity	0.33	—	0.54	0.53	0.66	0.75	0.33	0.46
Interest coverage	0.9	0.8	-0.2	-0.5	0.9	-0	1.7	2.3
Asset turnover	0.12	—	0.06	0.04	0.07	0.05	0.08	0.1
Return ratios
Return on assets %	-0.6%	—	-2.7%	-2.7%	0.7%	-1.8%	0.8%	2.6%
Return on capital employed %	15.6%	—	-1.4%	-2.3%	5.8%	-0.1%	9.7%	10.1%
Return on equity %	-1.6%	—	-8.6%	-10%	2.3%	-6.9%	1.9%	6.2%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	45.39%	45.39%	47.85%	46.6%	28.81%	28.81%	32.09%	32.57%	35.02%	35.02%	32.84%	33.17%
	3.48%	3.54%	3.33%	3.57%	6.75%	5%	4.95%	3.66%	2.05%	1.76%	1.4%	1.48%
	0%	0%	0%	0%	0%	0.17%	0.2%	0.09%	0.2%	0.22%	0.21%	0.2%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	51.13%	51.07%	48.82%	49.83%	64.44%	66.02%	62.76%	63.68%	62.73%	63%	65.55%	65.15%
No. of shareholders	—	—	—	—	—	—	—	—	33,610	35,408	33,419	33,699

Promoter holding down 12.22 percentage points since Sep 2023.

2 disclosures

Person	Deal	Shares	Value	Holding	Filed
Khilen Vyomesh ShahPromoter Group	BuyConversion of security	15,81,747	₹34.8 cr	3.00% → 4.10%	24 Oct 20257(2)
Kunjal Hemant ShahPromoter Group	BuyConversion of security	15,81,747	₹34.8 cr

26 deals · 23 Dec 2021 – 23 Apr 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
23 Apr 2026	MAHESH DINKAR VAZE	Bulk	NSE	Buy	10,01,500	₹214.84	₹21.52 Cr
23 Apr 2026	ALTIUS FINSERV PRIVATE LIMITED	Bulk	NSE	Sell	9,00,526	₹215.11	₹19.37 Cr
27 Jun 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	7,29,122	₹256.87	₹18.73 Cr
27 Jun 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	7,29,122	₹256.72	₹18.72 Cr
21 Oct 2024	LSO SUBCO NO. 2 COMPANY	Bulk	NSE	Sell	5,37,761	₹273.32	₹14.70 Cr
31 Jul 2024	YUGA STOCKS AND COMMODITIES PRIVATE LIMITED .	Bulk	NSE	Sell	4,20,506	₹254.08	₹10.68 Cr
31 Jul 2024	YUGA STOCKS AND COMMODITIES PRIVATE LIMITED .	Bulk	NSE	Buy	3,50,688	₹254.73	₹8.93 Cr
25 Jan 2024	MANSI SHARE AND STOCK ADVISORS PVT LTD	Bulk	NSE	Sell	7,45,417	₹126.58	₹9.44 Cr
25 Jan 2024	MANSI SHARE AND STOCK ADVISORS PVT LTD	Bulk	NSE	Buy	5,90,641	₹124.83	₹7.37 Cr
12 Sept 2022	MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	NSE	Buy	12,23,813	₹84.75	₹10.37 Cr

1–10 of 26

1 / 3

Mr. Hemant Mahipatray ShahExecutive Director-Chairperson
Mr. Sunil MagoChief Financial Officer
Mr. Kartik RuparelNon-Executive - Independent Director
Mr. Vyomesh Mahipatray ShahExecutive Director-MD
Mr. Milin Jagdish RamaniNon-Executive - Independent Director
Ms. Bhakti Jaywant KothareNon-Executive - Independent Director
Mr. Jignesh Hansraj GalaNon-Executive - Independent Director
Mr. Shivil KapoorCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Hubtown Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Investor Presentation and earnings call

Nov 2025Transcript AI Summary PPT REC

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

15 announcementsExport CSV

20 Sept 2026, 1:27 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

18 Sept 2026, 4:14 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

12 Sept 2026, 1:07 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet PDF

31 Aug 2026, 12:17 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

27 Aug 2026, 11:01 amCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

21 Aug 2026, 2:56 pmCompany Update

Response To Volume Movement Letter

General PDF

21 Aug 2026, 12:29 pmCompany Update

Clarification sought from Hubtown Ltd

Clarification

10 Aug 2026, 11:01 amCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

Date	Category	Subject	Filing
20 Sept 2026, 1:27 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
18 Sept 2026, 4:14 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	68.3%	—	98.1%	66.7%	56.2%	53.7%	63%	52.7%
EBITDA margin %	6.9%	27.8%	-25.2%	-31.3%	23.3%	-39.6%	28.5%	23.7%
EBIT margin %	6.3%	26.2%	-26.6%	-33.4%	22.3%	-40.8%	27.8%	23.2%
PAT margin %	-4.7%	-22.2%	-45.7%	-67.5%	9.6%	-33.4%	11.2%	25.4%
Working capital
Receivable days	204	—	254	468	232	270	271	153
Inventory days	3,023	—	1,28,179	11,983	5,264	8,940	7,615	4,576
Payable days	363	—	13,348	1,145	477	0	461	259
NWC days	2,864	—	1,15,085	11,305	5,019	9,210	7,425	4,470
Leverage
Current ratio	1.05	—	1.09	1.03	0.99	1.25	1.92	1.96
Debt to EBITDA	13.56	—	—	—	11.6	—	6.82	7.83
Debt to equity	0.33	—	0.54	0.53	0.66	0.75	0.33	0.46
Interest coverage	0.9	0.8	-0.2	-0.5	0.9	-0	1.7	2.3
Asset turnover	0.12	—	0.06	0.04	0.07	0.05	0.08	0.1
Return ratios
Return on assets %	-0.6%	—	-2.7%	-2.7%	0.7%	-1.8%	0.8%	2.6%
Return on capital employed %	15.6%	—	-1.4%	-2.3%	5.8%	-0.1%	9.7%	10.1%
Return on equity %	-1.6%	—	-8.6%	-10%	2.3%	-6.9%	1.9%	6.2%

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	138	-3	451	76	-1	-129	24	-6	161	-580	187
	1	154	7	151	63	204	24	156	-81	-75	-520
	-144	-159	-444	-219	-74	-57	-58	-145	-27	644	390
Net cash flow	-5	-8	14	9	-12	17	-10	6	53	-10	56
Free cash flow	—	—	—	—	-2	-130	23	-6	94	-586	182
CFO / Operating profit %	—	—	—	198.1%	-1.8%	—	—	-7.6%	—	-498.8%	122.2%

Hubtown Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Investor Presentation and earnings call

Events

Announcements

Not in the F&O segment

No fund holdings on record

9

1

1

Announcements

Annual reports

Investor Presentation and earnings call

Compounded sales growth

Compounded profit growth

Return on equity

Hubtown Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Insider dealing

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Investor Presentation and earnings call

Events

Announcements

Ratio timeline

Not in the F&O segment

No fund holdings on record

Dividends9

Board meetings1

Other corporate actions1

Announcements

Annual reports

Investor Presentation and earnings call

Quarterly record

Insider dealing

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

9

1

1