HBESD share price, P/E, ROE & financials

HB Estate Developers (HBESD) had a P/E of 13.5× on 6 Nov 2026, below the industry P/E of 28.0×, and the shares are 14% below their 52-week high. Its ROCE of 7.8% is the lowest among the 7 largest Lodging peers, and sales grew 6.7% a year over 3 years. Debt is 1.33× equity. It is a small-cap company with a market cap of ₹174 Cr, ranked 34th of 54 Lodging companies by market cap; the shares rose 4.0% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year

Open: ₹80.80
Day high: ₹80.85
Day low: ₹76.27
Prev. close: ₹76.26
Volume: 787

Health check

2 good · 1 fair · 3 to check

ReturnsAhead
+4.0% over a year, better than 5 of 7 peers.
Price tagCheaper
P/E 13.5 vs industry 28.0.
GrowthSlow
Sales +6.7% a year over 3 years.
ProfitabilityWeak
ROCE 7.8% vs peer median 16.2%.
Balance sheetFair
Debt 1.33× equity, interest covered 2.1×, Piotroski 7 of 9.
Red flags2 to check
Return on equity is low at 6.4%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Lodging

53 listed peers. Screen the industry

Small cap

₹174 Cr, #34 of 54 in its industry by size.

Defensive

Beta 0.52 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹121 Cr · profit ₹13 Cr

Market cap: ₹174 Cr; Small cap
P/E: 13.5; Industry 28.0
Price to book: 0.92; Peers 4.46
Dividend yield: 0.00%
ROE: 6.4%; Peers 16.5%
ROCE: 7.8%; Peers 16.2%
Debt to equity: 1.33; Debt ₹258 Cr
EPS (TTM): ₹5.78; Face value ₹10
OPM (TTM): 34.4%; Net margin 10.6%
Sales growth: +16.8%; Latest quarter vs a year ago
Profit growth: +302.8%; Latest quarter vs a year ago
Price to sales: 1.44; EV/EBITDA 9.8

Strengths

Quarterly profit up 302.8% on a year ago.
Quarterly sales up 16.8% on a year ago.
P/E of 13.5 against an industry P/E of 28.0.
Positive operating cash flow in each of the last 4 years.

Risks to check

Return on equity is low at 6.4%.
Interest coverage of only 2.6×.

Derived automatically from reported figures. Not a recommendation.

About HB Estate Developers

HB Estate Developers Limited owns and manages hotels and real estate properties in India. The company operates hotels; and develops commercial complexes. It also provides allied services, including laundry, communication, health club, airport transfers, and other related services. The company was formerly known as HB Housing & Development Corporation Limited and changed its name to HB Estate Developers Limited in January 1996. HB Estate Developers Limited…

Headquarters: Gurugram
Employees: 306
Sector: Consumer Cyclical
ISIN: INE640B01021
Website: hbestate.com

Price range

52 weeks

₹60.26₹90.97

Today

₹76.27₹80.85

Avg volume (3M): 5.3K
1-year return: plus 4.0%
From 52-week high: minus 14.3%

Peers · Lodging

Compare with peers Screen the whole industry

Company
INDHOTELIndian Hotels Co.	888.00	plus 1.49%	1,26,401	57.2	9.27	17.4%	16.5%	32.9%	18.6%	27.6%	0.37%	plus 17.7%
THELEELALeela Palaces Hotels & Resorts	692.30	plus 0.37%	23,120	37.2	3.53	8.3%	7.2%	48.9%	21.1%	–	0.00%	plus 56.7%
EIHOTELEIH	313.05	plus 1.72%	19,577	27.5	3.72	16.2%	12.7%	34.1%	13.3%	25.9%	0.48%	minus 22.9%
CHALETChalet Hotels	810.70	minus 1.52%	17,754	30.1	4.46	16.6%	19.1%	44.1%	34.9%	52.1%	0.25%	minus 14.4%
VENTIVEVentive Hospitality	540.55	plus 1.53%	12,624	28.0	2.23	9.7%	8.3%	43.2%	13.0%	–	0.00%	minus 27.8%
LEMONTREELemon Tree Hotels	117.39	minus 0.12%	9,295	36.1	6.16	13.5%	17.8%	47.5%	16.3%	25.6%	0.00%	minus 30.0%
ITDCIndia Tourism Development Corporation	630.65	minus 0.30%	5,409	65.6	12.80	26.6%	21.1%	17.0%	4.6%	14.5%	0.47%	plus 3.2%
HBESDHB Estate Developers	77.99	plus 2.27%	179	13.5	0.92	7.8%	6.4%	34.4%	6.7%	–	0.00%	plus 4.0%
Median of 7 peers	–	0.37%	17,754	36.1	4.46	16.2%	16.5%	43.2%	16.3%	25.9%	0.25%	−14.4%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26
23.8	26.7	33.5	33	27.7
17.2	18.7	18.2	22.1	20.3
6.5	8.1	15.2	10.9	7.5
27.5%	30.2%	45.6%	32.9%	26.9%
0.4	0.3	0.4	0.5	0.4
4.4	4.3	4.1	3.6	3.3
2	2	2	2	2.1
0.5	2	9.5	5.7	2.5
28.4%	37.8%	31.3%	38.1%	37.9%
0.4	1.3	6.5	3.5	1.5
0.18	0.59	2.98	1.54	0.67

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +6.7%
ROE: 6.4%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
95.9	109	117	116
–	+14.1%	+7.1%	minus 0.7%
63.7	70.6	74	75.5
32.2	38.8	43.1	40.8
33.6%	35.5%	36.8%	35.1%
0.5	−0.5	0.3	0.7
22.7	24.3	20.1	15.7
7.2	7.4	7.6	8
−0.2	0.7	0.3	−0.1
2.6	7.3	16	17.8
555.0%	46.9%	32.6%	34.1%
−11.6	3.9	10.8	11.7
–	–	+177.6%	+8.4%
-5.98	2.00	5.31	5.19

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
19.7	19.7	21.7	23.2
126	129	153	170
226	256	284	153
134	88.9	37.8	144
505	494	496	491
411	406	404	398
–	0.4	1.6	0.3
2.9	2.8	4.5	2.1
5.1	6.5	19.2	21.5
86.5	78.3	67.4	69.2
505	494	496	491

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
42.4	48.5	34.7	45.5
−1.9	−1.2	−4	−0.9
−41.1	−45	−32.4	−35.9
−0.6	2.4	−1.7	8.6
−2.5	−2.9	−5.6	−1.9
39.9	45.6	29.1	43.6

Shareholding pattern

Source: NSE filings

NSE hasn’t returned a shareholding pattern for this company.

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you