Loading…
State-owned lender financing housing and urban infrastructure projects for Indian governments and agencies.
State-owned lender financing housing and urban infrastructure projects for Indian governments and agencies.
Earns the spread between interest on loans to state housing and infrastructure agencies and the cost of the bonds and borrowings that fund them. Many loans are backed by state-government guarantees, which keeps credit losses low; the Indian government owns the majority.
In one line: India's Fannie Mae for municipal/urban infrastructure lending.
Moat: narrow (regulatory licence, scale, brand). Government-owned Navratna status gives cheap funding access and a mandate few private lenders match.
Headquarters: New Delhi, India · Founded: 1970 · Employees: 814
Size Housing & Urban Development (HUDCO.NS) is an India Financials company (Finance/Rental/Leasing) with a market value of $3.39B, the 265th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹159.96 on 6 Nov 2026.
Performance Over six months the shares fell 29.9%, against -9.1% for the median peer and 0.0% for the India market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 21.6% over the last twelve months (peer median +7.4%); the operating margin is 25.0% (peer median 29.5%).
Valuation It trades at 1.39× book value against a peer median of 1.55× (8th cheapest of 20).
Price implies The share price implies a return on equity of about 31.5%; Housing & Urban Development delivers 21.7%, so the price asks more than the business earns today.
Next results Next results expected around 5 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹142B | ₹122B | ₹103B | ₹78.7B | ₹70.8B |
| Revenue growth | — | +18% | +31% | +11% | — |
| Gross profit | ₹39.2B | ₹122B | ₹103B | ₹78.6B | ₹70.6B |
| EBITDA | ₹35.6B | ₹120B | ₹100B | ₹76.4B | ₹67.8B |
| Net income | ₹44.6B | ₹40.3B | ₹27.1B | ₹21.2B | ₹17.0B |
| Free cash flow | n/a | ₹23.0B | ₹10.8B | ₹16.9B | ₹13.8B |
| Capital expenditure | n/a | ₹266M | ₹319M | ₹41.8M | ₹22.7M |
| Total debt | ₹1.65T | ₹1.42T | ₹1.07T | ₹740B | ₹629B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Housing & Urban Development HUDCO.NS | $3.39B | -30% | +22% | 22% | 1.39× | 31.5% |
| Power Finance PFC.NS | $11.5B | -28% | +4% | 21% | 0.76× | 14.4% |
| REC RECLTD.NS | $8.27B | -18% | -3% | 17% | 0.83× | 15.1% |
| Indian Renewable Energy Development Agency IREDA.NS | $3.31B | -18% | +17% | 14% | 2.18× | 42.4% |
| LIC Housing Finance LICHSGFIN.NS | $3.12B | -9% | -1% | 14% | 0.67× | 11.6% |
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 | HUDCO.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.1% | +2.7% | 8th lowest of 21 |
| 6-month return | -29.9% | -9.1% | 2nd lowest of 21 |
| Return on equity | 21.7% | 13.8% | 2nd highest of 20 |
| Price / book | 1.39× | 1.55× | 8th cheapest of 20 |
| Trailing P/E | 7.2× | 10.8× | 4th cheapest of 18 |
| ROE the price implies | 31.5% | 13.8% | 5th most demanding of 20 |
| ROE delivered | 21.7% | 14.1% | 2nd highest of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Housing & Urban Development HUDCO.NS | India | $3.39B | -30% | +22% | 22% | 1.39× | 31.5% | 21.7% |
| PennyMac Financial Services PFSI | United States | $3.41B | -28% | +4% | 6% | 0.78× | 10.2% | 5.6% |
| WillScot WSC | United States | $3.42B | -33% | -3% | -7% | 3.75× | 35.8% | -7.1% |
| Far East Horizon 3360.HK | Hong Kong | $3.44B | -25% | +1% | 8% | 0.45× | 4.5% | 7.6% |
| Indian Renewable Energy Development Agency IREDA.NS | India | $3.31B | -18% | +17% | 14% | 2.18× | 42.4% | 14.4% |
| Samsung Card 029780.KS | South Korea | $3.30B | -21% | +11% | 7% | 0.51× | 4.2% | n/a |
| Manappuram Finance MANAPPURAM.NS | India | $3.23B | +3% | +5% | 7% | 1.90× | 33.0% | n/a |
| Credit Saison 8253.T | Japan | $3.62B | -10% | +10% | 9% | 0.73× | 6.3% | 9.2% |
| Sixt SIX2.DE | Germany | $3.67B | +4% | +7% | 15% | 1.67× | 15.8% | 15.0% |
| LIC Housing Finance LICHSGFIN.NS | India | $3.12B | -9% | -1% | 14% | 0.67× | 11.6% | 14.3% |
| SLM SLM | United States | $3.10B | -25% | -6% | 25% | 1.55× | 13.8% | 24.7% |
| Marui 8252.T | Japan | $3.09B | -7% | +8% | 12% | 2.12× | 7.1% | 12.4% |
| Hercules Capital HTGC | United States | $3.06B | 0% | +40% | 16% | 1.32× | 10.4% | 15.7% |
| McGrath RentCorp MGRC | United States | $3.05B | +9% | +2% | 13% | 2.38× | 13.2% | 12.9% |
| PNB Housing Finance PNBHOUSING.NS | India | $3.03B | +5% | +11% | 12% | 1.42× | 19.4% | 12.3% |
| Bread Financial BFH | United States | $3.87B | +17% | +2% | 16% | 1.13× | 12.2% | 15.9% |
| GMO Payment Gateway 3769.T | Japan | $3.98B | +6% | +13% | 22% | 5.02× | 32.4% | 21.5% |
| Cholamandalam Financial CHOLAHLDNG.NS | India | $2.89B | -17% | +18% | 17% | 1.77× | 26.2% | n/a |
| IIFL Finance IIFL.NS | India | $2.83B | +35% | +36% | 18% | 1.73× | 23.7% | 17.6% |
| Mahindra & Mahindra Financial Services M&MFIN.NS | India | $4.12B | -15% | +15% | 14% | 1.41× | 23.7% | 13.8% |
| Avis Budget CAR | United States | $4.20B | -18% | -1% | n/a | n/a | n/a | n/a |