Documents
Resources
Learning Center
Upload
Plans & pricing Sign in
Sign Out

HDIL

VIEWS: 19 PAGES: 1

									                                                                                              Regd off: 9-01, Dheeraj Arma, Anant Kanekar Marg, Bandra (E), Mumbai-400 051
HOUSING DEV. & INFRASTRUCTURE LTD.                                                            E-Mail:    investors.relations@hdil.in
                                                                                              Web site: www.hdil.in
                                                                                              Telephone: (022) 2658 3500 Fax: (022) 2658 3636
CONSTRUCTION                                                         MISCELLANEOUS            Tr agent: Karvy Computershare, Plot 17-24, Vithalrao Nagar, Madhapur, Hyd. - 81
Chairman: Rakesh Kumar Wadhawan                                                  SEC: Darshan D. Majmudar                               AUD: Thar & Co.
Yr of Inc   B. Code       BL. Code      F.V.         Price        % ch 1-m       % ch 12-m      P/E          P/CF        Yield         Mkt cap               Vol.             ISIN
 1996   532873             HDIL:IN      10           317.4          10.0            13.2        11.1         11.1         0.0          87,426.8          3,708.0          INE191I01012
SHAREHOLDING                                                       FX Transaction (FY09)                             ADJUSTED DAILY SHARE PRICE DATA
Indian Promoters            : 60.7%                Exports (fob)          Rs m         0
                                                                                                      (Rs)
Foreign collaborators       :   0.0%               Imports (cif)          Rs m        13
Indian inst/Mut Fund        :   1.2%               Fx inflow              Rs m         0        1200
FIIs/GDR                    :   7.1%               Fx outflow             Rs m        32
Free float                  : 31.0%                Net fx                 Rs m       -32
Shareholders                : 188,558                                                             900
                                                                                                                                                               DAILY
                           No. of months                    12            12            12
                             Year ending              31/03/07      31/03/08      31/03/09                                                                     100 DMA
EQUITY SHARE DATA
                                                                                                  600
High                                    Rs                 NM           1,432          873
Low                                     Rs                 NM             474            63
Sales per share                         Rs                66.9          111.1         62.7
Earnings per share                      Rs                30.4           65.7         28.6        300
Cash flow per share                     Rs                30.5           65.8         28.7
Dividends per share                     Rs                0.00           5.00         0.00
Dividend yield (eoy)                    %                  NM              0.5         0.0
                                                                                                       0
Book value per share                    Rs                39.8          169.8        160.5
Shares outstanding (eoy)                m               180.00         214.27       275.49             Jul-07         Jan-08           Aug-08                Feb-09           Aug-09
Bonus/Rights/Conversions                                 B13:5          PI,PP         B2:7
Price / Sales ratio                     x                  NM              8.6          7.5                               No. of months                 12           12             12
Avg P/E ratio                           x                  NM            14.5         16.4                                  Year ending           31/03/07     31/03/08       31/03/09
                                                                                               CASH FLOW
P/CF ratio (eoy)                        x                  NM            14.5         16.3
Price / Book Value ratio                x                  NM              5.6          2.9    From Operations                         Rs   m      -1,328           -39,526    -10,997
Dividend payout                         %                  0.0             7.6          0.0    From Investments                        Rs   m        -614              -265       -726
Avg Mkt Cap                             Rs m               NM         204,199      128,929     From Financial Activity                 Rs   m       1,559            43,233      8,973
No. of employees                        `000               NA                1            1    Net Cashflow                            Rs   m        -383             3,443     -2,750
Total wages/salary                      Rs m                85            122          221
Avg. sales/employee                     Rs Th              NM        47,138.6     26,187.9                                       INTERIM RESULTS
Avg. wages/employee                     Rs Th              NM           241.6        334.8                                           2QFY09  3QFY09             4QFY09         1QFY10
Avg. net profit/employee                Rs Th              NM        27,869.3     11,925.8     Net sales                   Rs    m     4,776   3,138              3,579          2,954
                                                                                               Gross profit                Rs    m     2,704      951               966          1,161
INCOME DATA                                                                                    Gross profit margin         %            56.6     30.3              27.0           39.3
Net Sales                               Rs     m        12,042        23,805        17,284     Net profit                  Rs    m     2,656      756               619          1,074
Other income                            Rs     m           319           529           540     Net profit margin           %            55.6     24.1              17.3           36.4
Total revenues                          Rs     m        12,361        24,334        17,824
Gross profit                            Rs     m         6,615        16,921        13,543                                       KEY DATA
Depreciation                            Rs     m             8            15            25     Parameters                       Unit                 FY07             FY08       FY09
Interest                                Rs     m           675         1,408         5,949     Sale of properties               % of sales            22.0             14.9       17.7
Profit before tax                       Rs     m         6,251        16,027         8,109     Sale of development rights (FSI) % of sales            68.8             85.1       81.8
Minority Interest                       Rs     m             0             0             5     Sale of land                     % of sales             9.2              NA         0.4
Prior Period Items                      Rs     m             0             0           758
Extraordinary Inc (Exp)                 Rs     m            -6           -31           -58
Tax                                     Rs     m           771         1,922           943
                                                                                                                                      NOTES
Profit after tax                        Rs     m         5,474        14,074         7,871
Gross profit margin                     %                 54.9          71.1          78.4     Founded in 1962, Housing Development and Infrastructure Ltd. (HDIL) is a leading
Effective tax rate                      %                 12.3          12.0          11.6     real estate development company with significant operations in the Mumbai
                                                                                               Metropolitan Region (MMR). Besides, the company has a small presence in Kochi,
Net profit margin                       %                 45.5          59.1          45.5
                                                                                               Hyderabad and Pune. HDIL is part of the Wadhawan Group, which has around 30
BALANCE SHEET DATA                                                                             years of experience in the Mumbai real estate market and has around 100 m square
                                                                                               feet (msqft) of completed projects to its credit.
Current assets                          Rs m            17,653        72,408        88,649
Current liabilities                     Rs m             8,588         7,476         6,693     Impacted by the slowdown in demand for real estate coupled with the severe liquidity
Net working cap to sales                %                 75.3         272.8         474.2     crisis, HDIL reported a 27% YoY decline in revenues during FY09. However, the
Current ratio                           x                   2.1           9.7         13.2     company was able to improve its margins by 7.3% YoY. Net profits dropped by 44%
Inventory Turnover                      Days               401           847         1,460     YoY on the back of a sharp rise in interest costs, which rose to nearly 34% of sales
Debtors Turnover                        Days                94              9           35     as against 6% in FY08. On a year on year basis, interest costs were higher by 320%.
Net fixed assets                        Rs m               254           596           749
                                                                                               At the end of June 2009, HDIL had a land reserve equivalent of 196 msqft of saleable
Share capital                           Rs m             1,800         2,143         2,755
                                                                                               area. Of this, nearly 87% lies in MMR, while the balance lies in cities such as
"Free" reserves                         Rs m             5,542        27,147        34,588
                                                                                               Hyderabad, Kochi and Pune. HDIL had nearly 64 msqft of area under construction at
Net worth                               Rs m             7,155        36,391        44,218     the end of the quarter, of which nearly 80% was towards slum rehabilitation scheme
Long term debt                          Rs m             2,890        20,047        32,212     (SRS) projects. The balance was shared between residential commercial and retail
Total assets                            Rs m            19,508        75,010        92,368     projects. HDIL has worked out a few strategies for the medium term. The company is
Interest coverage                       x                 10.3          12.4            2.4    focusing on completion of its airport slum rehabilitation project, in addition to
Debt to equity ratio                    x                   0.4           0.6           0.7    launching residential projects in selected pockets. The company is also working on
Sales to assets ratio                   x                   0.6           0.3           0.2    deleveraging and restructuring capital and recently raised nearly Rs 17 bn through a
Return on assets                        %                 61.2          27.4          18.1     QIP issue.
Return on equity                        %                 76.5          38.7          17.8
Return on capital                       %                 68.9          30.8          19.3
Exports to sales                        %                   0.0           0.0           0.0
Imports to sales                        %                   0.2           0.8           0.1
                                                                           GET MORE INFO AT WWW.EQUITYMASTER.COM

								
To top