NSE Symbol: HDIL | BSE Code: 532873
HDIL Stock Trends 2017-2018
HDIL showed a 52-week high of Rs 69.15 and 52-week low of Rs 17.45. The highest opening share price was Rs21.90 and the lowest share price was Rs 20.20. The market capitalization of HDIL stands at Rs 8.77 billion.
2017 ended with the share price at Rs65.55 and in 2018 the share price began with Rs64.10 which was dipped at Rs 56.65 in February and plummeted to Rs38.60 in the month of March. April saw an upward trend at the HDIL share price of Rs41.65 on 18th it fell down to Rs33.3 by the month end. May wasn’t a good month for the investors when the price falls down to Rs26.50 which dipped further in June to Rs20. In July the share price rose a little at Rs24.10 which further inclined to Rs32.85 in August. September again evidenced a sharp slump at Rs20.8 which continued to same in October as well.
Recent Performance of HDIL:
From 30th June 2018, the trailing twelve-month earnings of HDIL at â‚¹1.13b has been declined by -7.2% compared to the last year.
Furthermore, the one-year growth rate has been declined than its average earnings growth rate over the past five years of -18.7%, indicating the rate at which HDIL has slowed down in growth.
Although the revenue growth in the last few years, has been negative and the earnings growth has been deteriorating by, even more, meaning Housing Development and Infrastructure has been ramping up its expenses which hurts the margins and earnings and is not a sustainable practice.
Scanning growth from a sector-level, the real estate industry of India had been enduring some headwinds in the last year, leading to an average earnings drop of -8.9%. It is a significant change, given that the industry has been delivering a positive rate of 9.3%, on average, over the last five years. This growth is a median of profit of 25 Real Estate companies in India including Vijay Shanthi Builders, Manas Properties and Binny which suggests that HDIL is relatively better-cushioned than its peers.
Overview of HDIL:
HDIL is one of the prominent real estate development companies in India and is actively pursuing real estate development and slum rehabilitation projects in the Metropolitan region of Mumbai. The company is engaged in the real estate development business and construction of residential and commercial properties, infrastructure facilities and other allied activities. The company is also involved in the slum rehabilitation projects in the metropolitan region of Mumbai. HDIL has also diversified into energy, hospitality and in the development of SEZs.The residential projects of the company include Residential Park, Vihar; Paradise City-Phase I, Palghar, and Paradise City, Palghar. The retail projects of HDIL include Harmony, Oshiwara, and Paradise City, Palghar. The multiplex business of HDIL is operated under the brand name Kulraj Broadway. The company is focusing on operations of four multiplexes: a three-screen multiplex at Vasai; a four-screen multiplex at Kandivali; a six-screen multiplex at Bhandup, and four-screen multiplex at Kolkata. The company has established as one of the premier real estate development companies of India, with significant operations in the Mumbai Metropolitan Region. The HDIL is public listed real estate company in India with the shares traded on the BSE & NSE Stock Exchanges.
History of HDIL Projects:
On July 25, 1996, the Housing Development & Infrastructure Ltd was founded as a private limited company with the name of Housing Development and Improvement India Pvt Ltd. The Mall project in Malad, Mumbai was built by its subsidiary, Privilege Power and Infrastructure Pvt Ltd (which was earlier known as Dewan Investments Pvt Ltd) in January 2001. The company bought 30 acres of land from Automobile Products India Ltd on LBS Marg, Near Bhandup Station, Mumbai for the Dreams Project in the year 2004. 548 units in the Dreams project, Mumbai were sold on the first day of the opening of the booking. On February 3, 2005, it was conferred the public limited status, and the name of the company was changed to Housing Development and Improvement India Ltd(HDIIL). The company completed the Dheeraj Arma project which comprised the commercial premises in Bandra (East), Mumbai in March 2005. The company sold the Floor Space Index of 0.5 million square feet at Bandra Kurla Complex to Wadhwa Constructions and Floor Space Index measuring 0.7 million square feet at Mulund, Mumbai to Nirmal Lifestyles, in May 2005. In August 2005, the company sold the10.7 million sq. Feet FSI at Virar to Evershine Developers. The company received in-principal approval from the GOI for establishing a multi-product Special Economic Zone(SEZ) at Vasai, District Thane, Maharashtra, through the subsidiary Privilege Power & Infrastructure Pvt Ltd. The company made a Memorandum of Understanding with the Adani Group in May 2006 for the sale of land rights measuring 1.7 million square feet at Bandra Kurla Complex, Mumbai. On August 26, 2006, the name of the company was changed as Housing Development and Infrastructure Ltd. The company entered into an MOU for the purchase of 8.32 acres of property belonging to Kilburn Engineering Ltd, situated at Bhandup station for a total consideration of Rs 124.70 crore, in the year 2007. The company received an LOI(Letter of Intent) from Mumbai International Airport Pvt Ltd for the airport slum rehabilitation project in October 2007, to remove slums from the encroached airport land. From November 2007 to February 2008, the company attained industrial plots aggregating close to 35 acres, for the redevelopment in Navi Mumbai, Mulund, and Bhandup. The company entered into the sale of developmental rights agreement with Mack Star marketing Pvt Ltd regarding its project named Caledonia located at Sahar Road, Andheri (East)for a consideration of Rs 900 crore. The company entered in the entertainment sector with 100% subsidiary and launched first three multiplex screens in Vasai under the brand name BROADWAY, in February 2008. The company had launched three residential projects named as Metropolis located at Versova, Andheri (West), Premier Residences situated at Kurla (West), and Galaxy Apartments located at Kurla (East) during the year 2008-09. HDIL acquired about 53 acres of land in Kurla for initiating the Phase-I of Mumbai Airport Slum Rehabilitation. The HDIL also entered into joint venture with MMRDA for Rental Housing Scheme(RHS) which is mega infrastructure project of approximately 525 acres situated at Virar. The company has launched six residential projects across Mumbai Metropolitan region during the year 2009-10, by focussing on affordability and sold approx 4,5 million sq ft of saleable area. The HCIL maintained their lead in the sale of Transferable Development Rights (TDR) in the metropolitan region. During the same year, Guruashish Construction Pvt Ltd and BKC Developers Pvt Ltd became the subsidiaries of the HDIL. In addition to this, HDIL Oil & Gas Pvt Ltd were ceased to be a subsidiary. The Blue Star Realtors Pvt Ltd, an entirely owned subsidiary of the HDIL received an allowance from the Department of Commerce (SEZ Section) on March 10, 2010, for setting up the specific SEZ for IT sector at Kalamassery Kochi, Kerela in an area of around 28.32 hectares. The company has launched residential as well as commercial projects during the year 2010-11, admeasuring 57,40,218 square feet of saleable space. With effect from October 12, 2010, the Lashkaria Construction Pvt Ltd became a subsidiary of the company. The HDIL divested their investment in HDIL Commercial Properties Pvt Ltd during the Q1 of the financial year 2012. Thus HDIL Commercial Properties Pvt Ltd denied remaining as a subsidiary of the HDIL.
Listing of HDIL Share Price:
In 2007, an IPO was launched by HDIL. The equity stocks of HDIL are listed on NSE and BSE. Below are the codes:
How can you purchase shares of HDIL?
HDIL Shares can be easily purchased from NSE (National Stock Exchange) as well as from BSE (Bombay Stock Exchange). All the details related to the stock price, PE ratio, earlier closings and other metrics that can determine the stocks of HDIL can be found on the BSE and NSE websites.
Is investing in HDIL Stocks a good idea?
The share market is considered to be a risky affair. There is no correct answer to this question. An investor should study the market performance and the company trend to decide if it would be a worthy investment. Observing the current trends, HDIL has been receiving subscriptions for listing daily gains. It is better to avoid holding shares of HDIL for a long term as it is unlikely that there would be much return.