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Develops and leases industrial and logistics/warehousing parks for manufacturing and e-commerce tenants in India.
Develops and leases industrial and logistics/warehousing parks for manufacturing and e-commerce tenants in India.
In one line: An Indian industrial/logistics park developer.
Moat: none (scale). Land bank and development scale help, but industrial leasing is a competitive, capital-intensive business.
Headquarters: Mumbai, India · Employees: 259
Size Horizon Industrial Parks (HORIZONIND.NS) is an India Real Estate company (Real Estate Development) with a market value of $1.33B, the 509th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹43.43 on 6 Nov 2026.
Growth Revenue grew 82.7% over the last twelve months (peer median +1.4%); the operating margin is 43.5% (peer median 15.0%).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | n/a | ₹7.45B | ₹4.08B | ₹2.46B | ₹1.55B |
| Revenue growth | — | +83% | +66% | +59% | — |
| Gross profit | n/a | ₹4.26B | ₹2.35B | ₹1.26B | ₹707M |
| EBITDA | n/a | ₹5.91B | ₹3.11B | ₹1.54B | ₹255M |
| Net income | n/a | -₹1.98B | -₹1.66B | -₹1.35B | -₹1.44B |
| Free cash flow | n/a | -₹16.4B | -₹16.3B | -₹4.64B | -₹3.04B |
| Capital expenditure | n/a | ₹15.7B | ₹15.5B | ₹4.19B | ₹2.93B |
| Total debt | ₹35.5B | ₹69.0B | ₹70.2B | ₹32.9B | ₹23.3B |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | HORIZONIND.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -13.4% | -5.3% | 4th lowest of 21 |
| Distance from 52-week high | -27.9% | -32.0% | 8th highest of 21 |
| Revenue growth (TTM) | +82.7% | +1.4% | 2nd highest of 21 |
| Operating margin | 43.5% | 15.0% | 6th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Horizon Industrial Parks HORIZONIND.NS | India | $1.33B | n/a | +83% | 44% | n/a | n/a | n/a |
| Gmp Property SOCIMI YGMP.MC | Spain | $1.33B | -4% | 0% | 53% | n/a | n/a | n/a |
| Icade ICAD.PA | France | $1.33B | -22% | -9% | 17% | n/a | n/a | n/a |
| Sakura Development 2539.TW | Taiwan | $1.31B | -28% | +10% | 39% | n/a | n/a | n/a |
| Starts 8850.T | Japan | $1.35B | -6% | +7% | 14% | n/a | n/a | n/a |
| Seazen 1030.HK | Hong Kong | $1.36B | -36% | -35% | 16% | n/a | n/a | n/a |
| China Merchants Property Operation & Service 001914.SZ | China | $1.36B | -16% | +6% | 5% | n/a | n/a | n/a |
| Opendoor Technologies OPEN | United States | $1.36B | -72% | -37% | -16% | n/a | n/a | n/a |
| Wedge Industrial 000534.SZ | China | $1.30B | -57% | +4% | 10% | n/a | n/a | n/a |
| China Overseas Grand Oceans 0081.HK | Hong Kong | $1.30B | -7% | -3% | 5% | n/a | n/a | n/a |
| Zug Estates ZUGN.SW | Switzerland | $1.37B | -2% | +1% | 62% | n/a | n/a | n/a |
| Shanghai Jinqiao Export Processing Zone Development 600639.SS | China | $1.37B | -10% | +203% | 23% | n/a | n/a | n/a |
| Evergrande Property Services 6666.HK | Hong Kong | $1.37B | -34% | +9% | 10% | n/a | n/a | n/a |
| Shanghai Chengtou 600649.SS | China | $1.38B | -14% | -53% | 6% | n/a | n/a | n/a |
| Grandjoy 000031.SZ | China | $1.38B | -30% | -25% | 3% | n/a | n/a | n/a |
| Cham Swiss Properties CHAM.SW | Switzerland | $1.38B | -5% | -78% | 32% | n/a | n/a | n/a |
| Art 0565.HK | Hong Kong | $1.28B | +38% | +51% | 60% | n/a | n/a | n/a |
| Tibet Urban Development & Investment 600773.SS | China | $1.27B | -67% | -78% | -124% | n/a | n/a | n/a |
| Deutsche EuroShop DEQ.DE | Germany | $1.40B | -16% | +2% | 76% | n/a | n/a | n/a |
| China Overseas Property 2669.HK | Hong Kong | $1.41B | -17% | +11% | 11% | n/a | n/a | n/a |
| Grand City Properties GYC.DE | Germany | $1.42B | -19% | +2% | 55% | n/a | n/a | n/a |