Housing Development & Infrastructure Ltd. (HDIL) AI Stock Analysis

Housing Development & Infrastructure Ltd.

(NSE:HDIL)

Select Model

Rating:38Underperform

Price Target:INR 2.00▲(60.00% Upside)

Action:initiatedcoverage

Date:01/04/26

Score dragged down by dire financial health (50% weight) with excessive debt and losses; weak technicals and absent valuation metrics reinforce high risk, offset slightly by neutral momentum indicators.

Positive Factors

Redevelopment ExpertiseHDIL’s specialized business model in redevelopment and slum rehabilitation gives it structural access to development rights and project mandates in the supply-constrained Mumbai market. That niche creates durable project pipelines and barriers to entry versus generic developers, supporting long-term revenue opportunities if execution holds.

Negative Factors

Negative Shareholders' EquityPersistent negative equity is a structural red flag: accumulated losses limit the company’s ability to absorb shocks, impair borrowing capacity, and constrain strategic options. Over months this reduces financial flexibility, increases likelihood of covenant breaches or dilutive recapitalizations, and heightens solvency risk if project cash flows underperform.

Housing Development & Infrastructure Ltd. (HDIL) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 592.50M
Dividend Yield: ―
Average Volume (3M): 46.79K
Price to Earnings (P/E): -8.3
Beta (1Y): 0.98
Revenue Growth: ―
EPS Growth: ―
Country: India
Employees: 286
Sector: General
Sector Strength: 55
Industry: Real Estate - Diversified

Housing Development & Infrastructure Ltd. Business Overview & Revenue Model

Company Description

Housing Development and Infrastructure Limited (HDIL) is an Indian enterprise primarily engaged in real estate development, construction, and related services. The company's varied portfolio includes residential properties such as apartment complexes...

How the Company Makes Money

HDIL’s revenue model is primarily tied to real estate development. It makes money by (1) developing real estate projects and selling completed units (e.g., apartments and commercial spaces), where revenue is recognized from property sales; and (2) ex...

Housing Development & Infrastructure Ltd. Financial Statement Overview

Summary

Weak financials with low Income Statement score (25), abysmal Balance Sheet score (10), and poor Cash Flow score (35) due to persistent losses, massive debt exceeding assets, negative equity, and volatile cash flows indicating high insolvency risk.

Income Statement

25Negative

Balance Sheet

10Very Negative

Cash Flow

35Negative

Financial statement breakdown
Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	165.40M	339.56M	16.15M	13.11M	21.54M	21.37M
Gross Profit	115.59M	112.03M	16.15M	26.86M	21.54M	21.37M
EBITDA	15.37M	3.64M	-89.60M	-170.73M	-111.48M	-94.55M
Net Income	-9.13M	-113.00K	-103.17M	-198.04M	-122.86M	-121.84M
Balance Sheet
Total Assets	39.40B	39.48B	39.66B	39.63B	39.66B	39.71B
Cash, Cash Equivalents and Short-Term Investments	208.20M	175.22M	289.42M	71.30M	201.36M	63.13M
Total Debt	24.84B	24.84B	24.84B	24.84B	24.84B	24.81B
Total Liabilities	62.40B	62.42B	62.61B	62.48B	62.31B	62.23B
Stockholders Equity	-23.00B	-22.95B	-22.95B	-22.85B	-22.65B	-22.52B
Cash Flow
Free Cash Flow	-112.03M	-4.05M	102.11M	-20.31M	-377.00K	-40.54M
Operating Cash Flow	-112.03M	-4.05M	102.11M	-20.31M	-377.00K	-40.54M
Investing Cash Flow	0	0	0	2.78M	3.71M	-16.00K
Financing Cash Flow	0	0	0	511.00K	24.94M	39.75M

Housing Development & Infrastructure Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:HDIL against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:PRESTIGE	61Neutral	INR 622.41B	54.95	―	0.14%	65.81%	111.83%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:PARSVNATH	54Neutral	INR 1.31B	-0.36	―	―	-5.41%	22.14%
IN:VIPULLTD	45Neutral	INR 1.23B	-15.61	―	―	8.47%	75.31%
IN:HEMIPROP	41Neutral	INR 29.61B	-254.39	―	―	-42.84%	-46.09%
IN:EMBDL	40Underperform	INR 68.75B	-7.26	―	―	-48.92%	-457.09%
IN:HDIL	38Underperform	INR 592.50M	-8.33	―	―	―	―

* General Sector Average

Performance Comparison

IN:HDIL and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:HDIL	Housing Development & Infrastructure Ltd.	1.25	-1.50	-54.55%
IN:EMBDL	Equinox India Developments Ltd	49.46	-44.28	-47.24%
IN:HEMIPROP	Hemisphere Properties India Ltd.	103.90	-35.15	-25.28%
IN:PARSVNATH	Parsvnath Developers Limited	3.00	-14.01	-82.36%
IN:PRESTIGE	Prestige Estates Projects Limited	1445.00	-333.54	-18.75%
IN:VIPULLTD	Vipul Limited	8.75	0.84	10.62%

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: Jan 04, 2026

Housing Development & Infrastructure Ltd. AI Stock Analysis