Housing & Urban Development Corporation Ltd
Housing & Urban Development Corporation Ltd (HUDCO)

Housing & Urban Development Corporation Ltd (HUDCO)

₹33.350.75%

Key Stats

₹33.1
Day's Price Range
₹33.65
₹30.6
52-Week Price Range
₹58.25
1 Month Return-6.1 %
3 Month Return0.15 %
1 Year Return-31.76 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 43
4.43
EPS
Rank 98
₹7.47
BVPS
Rank 117
₹65.88
Dividend Yield
Rank 10
4.97%
ROE
Rank 63
12.37%
Price To Book Ratio
Rank 66
0.5
Debt To Asset
Rank 31
0.83

Company Information

HUDCO was incorporated as The Housing and Urban Development Finance Corporation Private Limited on April 25 1970 as a private limited company under the Companies Act 1956 and was granted a certificate of incorporation by the then Registrar of Companies Delhi. Subsequently the name of the Company was changed to its present name Housing and Urban Development Corporation Limited and a fresh certificate of incorporation dated July 9 1974 was issued by the then Registrar of Companies Delhi Haryana. The Company is a public sector undertaking engaged in providing loan financing for housing and urban infrastructure projects in India. In 1977 HUDCO launched rural housing schemes for providing loan assistance for construction of rural houses. In 1986 the company established the Human Settlement Management Institute the research and training division of the company. In 1988 the company commenced urban infrastructure financing. In 1996 the company was notified as a public financial institution under Section 4A of the Companies Act 1956 by the Department of Company Affairs Ministry of Finance GoI. In 1999 HUDCO began retail financing under the brand name HUDCO Niwas. In 2012 the companys profit after tax PAT crossed Rs 600 crore marks. During the financial year 20112012 the company raised Rs 5000 crore through an issue of taxfree bonds as allocated by the CBDT in its budget allocation for the year including Rs 4684.7 crore raised through a public issue of taxfree bonds. In 2013 HUDCOs PAT crossed Rs 700 crore mark. During the financial year 20122013 the company raised Rs 2401.35 crore through a public issue of taxfree bonds as allocated by the CBDT in its budget allocation for the year. During the financial year 20132014 HUDCO raised Rs 4987.12 crore through an issue of taxfree bonds as allocated by the CBDT in its budget allocation for the year including Rs 4796.32 crore raised through a public issue of taxfree bonds. During the financial year 20152016 the company raised Rs 5000 crore through an issue of taxfree bonds as allocated by the CBDT in its budget allocation for the year including Rs 3500 crore raised through a public issue of taxfree bonds. Government of India GoI carried out disinvestments of 20.4 crore shares constituting 10.19 stake in HUDCO via an initial public offer IPO in May 2017. Post successful completion of the IPO GoIs stake in HUDCO came down to 89.81 from 100. HUDCO shares were listed on the bourses on 19 May 2017.On 28 March 2018 the Board of HUDCO approved the annual borrowing programme of maximum upto Rs 40000 crore for the financial year 201819 through various sources/modes. The borrowing limit includes the power to make a private placement of nonconvertible debentures NCDs subject to the approval of the shareholders of the company in general meeting. On 28 May 2018 HUDCO announced that an old default case of a borrower has been substantially resolved after prolonged litigation where HUDCO has received an amount of Rs 317 crore against the dues of Rs 469.38 crore as on 31 March 2018.Housing and Urban Development Corporation Limited HUDCO came out with an Initial Public Offering IPO of 204058747 equity shares of Face Value of Rs 10 each for cash at a price of Rs 60 per equity share aggregating to Rs1209.78 Crores. There was no fresh issue of shares by the company. The IPO was priced at Rs 60 per share.As at 31st March 2019 89.81 of the shareholding is held by President of India through the Ministry of Housing and Urban Affairs MoHUA 69.08 and Ministry of Rural Development MoRD 20.73 respectively and balance 10.19 is held by Public.During the year 2019 HUDCO successfully completed the consultancy services for construction of Office building for Archaeological Survey of India at Tilak Marg New Delhi. As on 31st March 2019 HUDCO has three Joint Venture Companies namely a Shristi Urban Infrastructure Development Ltd. SUIDL b Pragati Social Infrastructure Development Ltd. PSIDL and c Signa Infrastructure India Ltd. SIIL Further there is one associate namely Ind Bank Housing Limited. In the case of an associate Company namely Ind Bank Housing Limited the company made an investment of Rs 2.50 crore in its equity being 25 of the paidup equity share capital. The Company provided for full diminution in the value of investment made in IBHL. During the year 2019 HUDCO sanctioned 55 proposals for financial assistance of Rs 7196 crore inclusive of proposals for loan assistance of Rs 893 crore in North Eastern States under different sectors like water supply drainage power sector social infrastructure commercial infrastructure road transport etc. against which an amount of Rs 3594 crore has been released.During the first quarter of financial year 201920 ended 30th June 2019 The Company sanctioned a total loan of Rs 4211.08 crore and disbursed an amount of Rs 3838.88 crore.
OrganisationHousing & Urban Development Corporation Ltd
HeadquartersNew Delhi
IndustryFinance