Housing & Urban Development Corporation logo

Housing & Urban Development Corporation financials and balance sheet

NSE: HUDCOBSE: 540530FinanceMid Cap

Last close ₹146.02down ₹5.75 (3.79%)BSE ₹146.05

Share price at the NSE close on 23 Oct 2026. Previous close ₹151.77.

52-week range of traded prices to 23 Oct 2026
₹144.14Low, 23 Oct 2026₹246.85High, 18 Nov 2025
Market cap
₹29,232 Cr224th largest listed
P/E
6.9
P/B
1.3
Dividend yield
4.21%
ROE
21.3%
NIM
2.89%
Cost of funds
7.17%
Credit cost
−0.13%
ROA
2.73%
Leverage
7.39times net worth
Volume, NSE
24,00,89248.0% delivered

10 years at a glance

Consolidated, laid out as a lender that is not a bank files them. A lender's lines are blank for the years to Mar 2017, Mar 2018 and Mar 2024: the company's filing for those results has none of them.Housing & Urban Development Corporation annual reports

Net interest income, Net profit, ₹ crore

  • Net interest income
  • Net profit

Net interest margin, Return on assets, per cent

  • Net interest margin
  • Return on assets

Income

₹ crore, years to March.

₹ croreMar 2017Mar 2018Mar 2019Filed 19 JulMar 2020Filed 26 JunMar 2021Filed 30 JunMar 2022Filed 28 MayMar 2023Filed 26 MayMar 2024Mar 2025Filed 11 JulMar 2026Filed 14 May
Total income––5,5917,5727,2786,9987,086–10,34813,327
Interest earned––5,4667,4837,1736,8886,983–10,20013,096
Interest paid––3,0714,8484,7654,5334,507–6,7478,931
Net interest income––2,3952,6352,4082,3562,476–3,4534,166
––12689105110103–148231
Fees and commission––476633–00
Gains on fair value changes––009127–460
Dividends––44300–78
Rent––2936414954–5645
Sale of services––34322–11
Other operating revenue––––––37–––
Income outside operations––444043440–37177
The lines under it are parts of it, not all of it.––330394358365363–3751,367
Profit before provisions––2,1902,3302,1552,1002,216–3,2263,030
Set aside for bad loans––327156−74−246−74–−411−192
Exceptional items––00000–00
Profit before tax1,1751,0911,8632,1752,2292,3462,2892,8433,6373,221
333291683466650629588727928−813
Net profitThe lines under it are parts of it, not all of it.8428001,1801,7081,5791,7161,7012,1172,7094,034
Other comprehensive income––−4−17−19−22520−165−557
Total comprehensive income––1,1751,6921,5591,7141,7262,1362,5443,477
Earnings per share₹4.21–₹5.89₹8.53₹7.89₹8.57₹8.50₹10.57₹13.53₹20.15
Diluted earnings per share₹4.21–₹5.89₹8.53₹7.89₹8.57₹8.50₹10.57₹13.53₹20.15

Balance sheet

₹ crore, at 31 March.

₹ croreMar 2019Filed 19 JulMar 2020Filed 26 JunMar 2021Filed 30 JunMar 2022Filed 28 MayMar 2023Filed 26 MayMar 2024Mar 2025Filed 11 JulMar 2026Filed 14 May
Total assets72,82876,12676,95878,89580,969–1,28,4961,66,838
Loans given70,96474,26874,29276,99079,237–1,24,3411,60,547
Investments535232250259630–1,3182,227
Deposits2891682342–00
59,55961,26860,95561,49962,903–1,07,2971,41,677
Bonds and debentures51,23753,99158,05854,45048,192–55,90760,815
Loans8,3227,2772,8987,04914,711–51,39080,862
10,95512,34213,18814,46815,444–17,96821,975

Margins and returns

Per cent a year, on the average of the opening and closing balance sheets.

FigureMar 2019Filed 19 JulMar 2020Filed 26 JunMar 2021Filed 30 JunMar 2022Filed 28 MayMar 2023Filed 26 MayMar 2024Mar 2025Filed 11 JulMar 2026Filed 14 May
Net interest margin–3.61%3.23%3.10%3.15%––2.89%
Yield on interest-earning assets–10.25%9.62%9.08%8.89%––9.08%
Cost of funds–7.99%7.78%7.40%7.25%––7.17%
Spread–2.26%1.84%1.67%1.64%––1.91%
Cost to income13.10%14.45%14.24%14.80%14.09%–10.41%31.08%
Credit cost–0.21%−0.10%−0.32%−0.09%––−0.13%
Return on assets–2.29%2.06%2.20%2.13%––2.73%
Assets per rupee of net worth–6.396.005.645.34––7.39
Return on equity–14.66%12.37%12.41%11.38%––20.20%

Where the return on assets comes from

Per cent of average total assets, a year. Each line adds to the one below it. The year to Mar 2019, the first with a balance sheet on this form, has none a year before it to average with, so its ratios are blank.

Per centMar 2020Filed 26 JunMar 2021Filed 30 JunMar 2022Filed 28 MayMar 2023Filed 26 MayMar 2024Mar 2025Filed 11 JulMar 2026Filed 14 May
Net interest income3.54%3.15%3.02%3.10%––2.82%
Other income0.12%0.14%0.14%0.13%––0.16%
Operating expenses0.53%0.47%0.47%0.45%––0.93%
Profit before provisions3.13%2.82%2.70%2.77%––2.05%
Set aside for bad loans0.21%−0.10%−0.32%−0.09%––−0.13%
Exceptional items0.00%0.00%0.00%0.00%––0.00%
Profit before tax2.92%2.91%3.01%2.86%––2.18%
Tax0.63%0.85%0.81%0.74%––−0.55%
Associates and businesses sold or closed0.00%0.00%0.00%0.00%––0.00%
Return on assets2.29%2.06%2.20%2.13%––2.73%

Cash flow

Consolidated, ₹ crore, years to March.

₹ croreMar 2021Filed 30 JunMar 2022Filed 28 MayMar 2023Filed 26 MayMar 2024Filed 25 MayMar 2025Filed 11 JulMar 2026Filed 14 May
2,161−806−851−10,287−31,603−33,912
–––−9,775––
–––−12,317––
Receivables–––−32––
Payables–––−46––
Other working capital–––−12,239––
Tax paid–––−512––
Capital spending116242127
Free cash flow2,150−812−853−10,290−31,624−33,939
−14−1−352435−939−884
−1,0838169110,17432,21534,793
Dividends paid621––9211,1511,062
Shares bought back000000
Shares issued000000
Net change in cash1,063−726−512322−326−3
Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. No cash flow statement is on record for the years to Mar 2017, Mar 2018, Mar 2019 and Mar 2020. Dividends paid is left blank for the years to Mar 2022 and Mar 2023: the cash-flow statement states no dividends paid, while the company's own dividend record shows one paid in the period, so the line is not given.

Per share

Consolidated, ₹ per share, years to March.Housing & Urban Development Corporation dividend history

₹ per shareMar 2017Mar 2018Mar 2019Filed 19 JulMar 2020Filed 26 JunMar 2021Filed 30 JunMar 2022Filed 28 MayMar 2023Filed 26 MayMar 2024Filed 25 MayMar 2025Filed 11 JulMar 2026Filed 14 May
Earnings per share₹4.21–₹5.89₹8.53₹7.89₹8.57₹8.50₹10.57₹13.53₹20.15
Diluted earnings per share₹4.21–₹5.89₹8.53₹7.89₹8.57₹8.50₹10.57₹13.53₹20.15
Dividend per share₹0.05₹0.55₹0.83₹3.10₹2.18₹3.50₹3.85₹4.15₹4.15₹6.05
Book value per share––₹54.72₹61.65₹65.88₹72.27₹77.14₹82.98₹89.76₹109.77
Dividend payout–13.8%14.0%36.3%27.6%40.8%45.3%39.2%30.7%30.0%
Shareholder yield––––7.1%––2.5%2.9%3.3%
Market cap at the year end (₹ crore)–13,2738,9894,0048,7786,5568,65837,48639,92831,946
Shareholder yield is left blank for the years to Mar 2022 and Mar 2023: the cash-flow statement states no dividends paid, while the company's own dividend record shows one paid in the period, so the line is not given.

Growth and returns over 3, 5 and 10 years

Consolidated: the company and its subsidiaries together. Each window ends with the year to Mar 2026.

Measure10 years5 years3 years
Revenue growth, yearly rate–12.7%22.9%
Profit growth, yearly rate–20.6%33.3%
Return on equity, average–14.6%16.4%
Net margin, average24.2%26.6%28.0%
Asset turnover, average–0.090.09

Where the cash came from and went

Consolidated: the company and its subsidiaries together. ₹ crore, added up over each window, which ends with the year to Mar 2026.

₹ crore5 years3 yearsLatest year
Cash from operations−77,458−75,802−33,912
Cash from investing−1,741−1,388−884
Cash from financing77,95477,18234,793
Capital spending615227
Dividends paid–3,1341,062
Shares bought back000
Shares issued for cash000

Credit ratings

An agency's view of the chance the company repays a borrowing on time, from AAA, the highest, down to D, in default.

DateAgencyBorrowing ratedRatingOutlookAmount, ₹ Cr
29 May 2026CARE Ratings Limited (opens in a new tab)Debt-Perpetual DebtCARE AAANew, NewStable3,500
29 May 2026CARE Ratings Limited (opens in a new tab)LT/ST Fund-based/Non-fund-based-EPC / PCFC / FBP / FBD / WCDL / OD / BG / SBLCCARE AAA / CARE A1+Review, Re-affirmStable1,10,000
29 May 2026CARE Ratings Limited (opens in a new tab)Commercial PaperCARE A1+Review, Re-affirm10,000
29 May 2026CARE Ratings Limited (opens in a new tab)BondsWithdrawnReview, Other
29 May 2026CARE Ratings Limited (opens in a new tab)BondsCARE AAAReview, Re-affirmStable1,500
13 May 2026ICRA Limited (opens in a new tab)Borrowing Programme[ICRA]AAAReview, Re-affirmStable1,500
13 May 2026ICRA Limited (opens in a new tab)Commercial Paper[ICRA]A1+Review, Re-affirm10,000
13 May 2026ICRA Limited (opens in a new tab)Fixed Deposit[ICRA]AAAReview, Re-affirmStable
13 May 2026ICRA Limited (opens in a new tab)Fund-based/Non-fund based-Others[ICRA]AAA /[ICRA]A1+Review, Re-affirmStable1,60,000
16 Apr 2026India Ratings and Research Private Limited (opens in a new tab)Bank loan facilitiesIND AAA; IND A1+Review, Re-affirmStable1,30,000
16 Apr 2026India Ratings and Research Private Limited (opens in a new tab)BondIND AAAReview, Re-affirmStable2,190
16 Apr 2026India Ratings and Research Private Limited (opens in a new tab)Issuer RatingIND AAAReview, Re-affirmStable
16 Apr 2026India Ratings and Research Private Limited (opens in a new tab)Commercial paperIND A1+Review, Re-affirm10,000
16 Apr 2026India Ratings and Research Private Limited (opens in a new tab)BondWDReview, Other151
6 Feb 2026Acuite Ratings & Research LimitedBondsACUITE AAANew, NewStable4,500
The latest rating on each borrowing. The agency's name opens its reasoning for the rating.