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Housing and Urban Development Corporation Limited

HUDCO.BO
59
Financial - Credit Services · Financial Services
Price
₹186.20
-1.25 (-0.67%)
Market Cap
₹372.37B
Exchange
Bombay Stock Exchange
Winston Score
59
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Aug 25, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Good
Growth
Exceptional
Cash Flow
Weak
Stability
Weak
Valuation
Good
Dividends
Exceptional

Winston Score History

The full picture

Housing and Urban Development Corporation Limited (HUDCO) is an Indian entity that specializes in providing financial assistance for both housing and urban infrastructure development initiatives across the country. The company extends loans for various residential schemes, encompassing urban and rural housing, cooperative ventures, public sanitation facilities, slum upgrading, employee accommodation, retail home loans, property repairs and renovations, land acquisition, and advancements in building technology. These financial services are available to a diverse range of implementing bodies, including state government agencies, cooperative organizations, corporate clients, and joint sector enterprises. Beyond housing, HUDCO actively funds significant infrastructure endeavors. This includes critical urban services such as water supply, sewage systems, drainage, and solid waste management, as well as transportation networks, power generation, transmission, distribution, and renovation projects. The company also supports emerging sectors, smart city development, and extensive social infrastructure projects like sports complexes, national games villages, health centers, hospitals, educational institutions, government administrative buildings (e.g., police stations, courts, legislative assemblies), rehabilitation centers, auditoriums, and crematoriums. Furthermore, it finances commercial infrastructure, including office buildings, business and trade centers, shopping malls, entertainment venues, hotels, guest houses, specialized markets, multi-level parking facilities, and tourist attractions. Additionally, HUDCO delivers a broad spectrum of consultancy services, covering architecture, urban and regional planning, engineering, GIS, ecological studies, economic analysis, conservation, property valuation and management, and disaster risk reduction strategies. The corporation also conducts capacity-building programs, workshops, and seminars for government officials, both domestically and internationally. Established in 1970, Housing and Urban Development Corporation Limited is headquartered in New Delhi, India.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+32.0% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+34.9% YoY

YoY Growth Rate

Strong earnings growth

R&D Spend

₹0/ year

0.0% of revenue

Below sector average (7%)

Research and development spending

Cash Position

Cash flow positive

₹0 cash & investments

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

Housing and Urban Development Corporation Limited grew revenue 32% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Share count broadly stable

+0.0% over 4y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 2.00B (2022) → 2.00B (2026)

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
31.4%
Modest — 31.4% gross margin
Profit after running costs
Operating Margin
29.0%
Excellent — 29.0% operating margin
Return on the money invested
ROCE
15.8%
Strong — 15.8% return on capital

ROIC between 15% and 25%. Every dollar invested in the business earns 15 to 25 cents back per year.

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Growth

Sales growth
Sales YoY
+21.1%
Fast-growing sales (+21.1% YoY)
Profit growth
EPS YoY
+52.9%
Earnings growing fast (+52.9% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
7/8 quarters
Every recent quarter grew earnings vs last year

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Cash Flow

Profit that turns into cash
Cash Conversion
-441%
Weak — only -441% of profit becomes cash
Spare cash per sale
FCF Margin
-141.2%
Burning cash (-141.2%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
N/A
Data not available
Covers its interest
Interest Cover
0.76x
Dangerous — barely covers interest (0.8x)

Interest coverage below 1. Their profits don't cover the interest bill.

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Valuation

Price vs profit
P/E Ratio (TTM)
8.8x
Attractive valuation — P/E 8.8

P/E under 10. The price tag is small relative to last year's profit.

Cheaper or dearer next year
P/E vs Forward
-0.6
SLOWING
Earnings expected to fall — forward P/E higher than today

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Dividends

Dividend
Dividend Yield
9.67%
Healthy income — 9.67% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend record
Dividend Growth
+21.2%
Dividend growing fast (21.2% YoY)

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