HB Stockholdings Ltd. (HBSL) AI Stock Analysis

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HB Stockholdings Ltd.

(NSE:HBSL)

Select Model

Rating:47.8Neutral

Price Target:INR 48.00▼(-10.83% Downside)

Action:reiterated

Date:08/24/26

The overall score is driven mainly by weak and volatile profitability and cash flows, with recent losses, unstable margins, and frequent negative operating and free cash flows creating significant earnings risk despite a conservative, well-capitalized balance sheet. This financial volatility is partially offset by improving short- to medium-term price momentum and neutral-to-positive technical indicators, but the negative P/E and only modest dividend yield keep the valuation profile cautious, resulting in a low-to-middling risk-adjusted score.

Positive Factors

Meaningful Equity BaseA still-meaningful equity base provides some capacity to absorb losses and support operations, giving the company a financial cushion despite recent deterioration. This reduces immediate balance-sheet fragility and may preserve options for recovery or future capital allocation if performance stabilizes.

Negative Factors

Earnings VolatilityThe sharp reversal from FY2024 profitability to losses in FY2025 and FY2026 indicates that earnings power is not yet dependable. Negative EBIT and EBITDA reduce operating resilience, make results harder to forecast, and could limit the company’s ability to fund growth or absorb further setbacks.

HB Stockholdings Ltd. (HBSL) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 356.88M
Dividend Yield: 1.82%
Average Volume (3M): 500
Price to Earnings (P/E): -4.3
Beta (1Y): 1.16
Revenue Growth: 54.42%
EPS Growth: 42.73%
Country: India
Employees: 7
Sector: General
Sector Strength: 55
Industry: Financial - Capital Markets

HB Stockholdings Ltd. Business Overview & Revenue Model

Company Description

HB Stockholdings Limited operates in India as a non-banking financial institution, specializing in investment and finance. The company's core activities involve the acquisition, sale, and general investment in securities. Established in 1985, the fir...

HB Stockholdings Ltd. Financial Statement Overview

Summary

Financial performance is weak overall: income and cash flow scores are low (22 and 28) due to recent losses, volatile margins, negative revenue in FY 2026, and mostly negative operating/free cash flows, partially offset by a stronger balance sheet score of 71 reflecting low leverage and a solid capital base.

Income Statement

22Negative

Balance Sheet

71Positive

Cash Flow

28Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	-60.35M	-58.62M	84.72M	443.64M	55.35M	68.96M
Gross Profit	-93.07M	-77.37M	75.94M	439.02M	46.81M	62.63M
EBITDA	-115.35M	-124.94M	-92.37M	416.30M	-18.02M	159.28M
Net Income	-108.16M	-108.22M	-120.14M	375.35M	-20.13M	151.86M
Balance Sheet
Total Assets	914.34M	914.34M	1.06B	1.10B	680.92M	706.95M
Cash, Cash Equivalents and Short-Term Investments	14.38M	14.38M	310.95M	235.24M	368.40M	424.93M
Total Debt	108.66M	110.89M	138.50M	11.70M	8.12M	538.56K
Total Liabilities	128.98M	128.98M	164.63M	64.39M	20.95M	19.25M
Stockholders Equity	785.36M	785.36M	900.04M	1.03B	659.98M	687.70M
Cash Flow
Free Cash Flow	-116.45M	-71.66M	-50.52M	326.66M	-41.09M	-121.01M
Operating Cash Flow	-116.38M	-71.60M	-50.44M	332.79M	-28.94M	-120.67M
Investing Cash Flow	74.00M	43.33M	-11.52M	-311.60M	-14.62M	152.25M
Financing Cash Flow	-25.50M	-34.15M	113.82M	-385.00K	7.18M	-2.17M

HB Stockholdings Ltd. Technical Analysis

Technical Analysis SentimentNeutral

Last Price53.83

Price Trends

50DMA54.48Negative

100DMA53.46Positive

200DMA55.69Negative

Market Momentum

MACD-0.69Negative

RSI51.40Neutral

STOCH44.47Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HBSL, the sentiment is Neutral. The current price of 53.83 is above the 20-day moving average (MA) of 52.98, below the 50-day MA of 54.48, and below the 200-day MA of 55.69, indicating a neutral trend. The MACD of -0.69 indicates Negative momentum. The RSI at 51.40 is Neutral, neither overbought nor oversold. The STOCH value of 44.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:HBSL.

HB Stockholdings Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:HBSL against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:STEELCITY	82Outperform	INR 1.27B	6.89	―	4.80%	12.62%	20.92%
IN:NAHARCAP	69Neutral	INR 3.81B	3.21	―	0.64%	24.90%	111.43%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:DBSTOCKBRO	49Neutral	INR 1.14B	46.86	―	―	2.35%	-44.06%
IN:HBSL	48Neutral	INR 392.57M	-4.29	―	1.82%	54.42%	42.73%
IN:INVENTURE	46Neutral	INR 945.00M	9.06	―	―	5.86%	176.36%
IN:KHANDSE	42Neutral	INR 274.57M	-105.89	―	―	15.34%	86.44%

* General Sector Average

Performance Comparison

IN:HBSL and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:HBSL	HB Stockholdings Ltd.	53.83	-28.08	-34.28%
IN:DBSTOCKBRO	DB (International) Stock Brokers Limited	32.80	7.82	31.31%
IN:INVENTURE	Inventure Growth & Securities Ltd.	0.92	-0.41	-30.83%
IN:KHANDSE	Khandwala Securities Limited	18.00	-5.34	-22.88%
IN:NAHARCAP	Nahar Capital & Financial Services Ltd.	231.65	-46.25	-16.64%
IN:STEELCITY	Steel City Securities Ltd.	83.37	-8.28	-9.03%

HB Stockholdings Ltd. Corporate Events

HB Stockholdings opens special window for legacy share transfers and demat

Sep 15, 2026

HB Stockholdings Ltd. has notified the stock exchanges that, in line with a recent SEBI circular, a special one-year window has been opened for re-lodgement of transfer requests and dematerialisation of physical securities sold or purchased before Ap...

HB Stockholdings Publishes Q1 FY2026 Unaudited Results Extract

Aug 4, 2026

HB Stockholdings Ltd. has published extracts of its standalone and consolidated unaudited financial results for the quarter ended 30 June 2026 in the Business Standard newspaper, as required under SEBI’s listing and disclosure regulations. The public...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 24, 2026

HB Stockholdings Ltd. AI Stock Analysis