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HDIL - H D I L

📊 NSE: HDIL 🏢 Construction 📅 Last Updated: 12/13/2025 22:44

📢 Recent Corporate Announcements

HDIL Adjourns Board Meeting for Q3 FY 2025-26 Financial Results

🔵 WATCH ⭐ 4/10

BOARD_MEETING 📅 13 Mar 2026, 03:41 PM

Housing Development and Infrastructure Limited (HDIL) has announced the adjournment of its board meeting originally scheduled for March 13, 2026. The meeting was intended to review and approve the standalone unaudited financial results for the quarter and nine months ended December 31, 2025. The company continues to operate under the Corporate Insolvency Resolution Process (CIRP) as per the NCLT order dated August 20, 2019. A revised date for the meeting to consider these financial results will be communicated by the Resolution Professional in due course.

Meeting scheduled for March 13, 2026, to consider Q3 FY 2025-26 results has been adjourned.
Company has been under Corporate Insolvency Resolution Process (CIRP) since August 20, 2019.
Management powers remain vested in Resolution Professional Abhay Narayan Manudhane under IBC provisions.
The financial results in question cover the nine-month period ending December 31, 2025.

💡 Investors should exercise extreme caution as the company is in insolvency and reporting is delayed. Monitor for the revised meeting date and any updates regarding the resolution plan progress.

HDIL Submits SEBI Regulation 74(5) Compliance Certificate for Q3 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 21 Jan 2026, 03:44 PM

Housing Development and Infrastructure Limited (HDIL) has filed its quarterly compliance certificate under SEBI (Depositories and Participants) Regulations for the quarter ended December 31, 2025. The certificate, provided by Kfin Technologies, confirms that share certificates received for dematerialization were processed, cancelled, and substituted in the register of members within 15 days. The company remains under the Corporate Insolvency Resolution Process (CIRP) following an NCLT order from August 2019. This filing is a standard administrative requirement and does not indicate any change in the company's financial status or resolution progress.

Compliance certificate submitted for the quarter ended December 31, 2025
RTA Kfin Technologies confirmed processing of dematerialization requests within 15 days
Company continues to be managed by Resolution Professional Abhay N Manudhane
HDIL has been under Corporate Insolvency Resolution Process since August 20, 2019

💡 This is a routine regulatory filing with no impact on the company's valuation or insolvency status. Investors should monitor NCLT proceedings regarding the resolution plan for any material updates.

HDIL Appoints M/s. Dayal & Lohia as Statutory Auditors for 5-Year Term

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 19 Dec 2025, 05:05 PM

Housing Development and Infrastructure Limited (HDIL), currently undergoing Corporate Insolvency Resolution Process (CIRP), has appointed M/s. Dayal & Lohia as its Statutory Auditors. The appointment was approved by the Committee of Creditors (CoC) during their 42nd meeting, with the e-voting results finalized on December 15, 2025. The new auditors will serve a five-year term spanning from Financial Year 2025-26 to 2029-30. This appointment is a necessary step for maintaining regulatory compliance and financial reporting while the company remains under the management of a Resolution Professional.

M/s. Dayal & Lohia appointed as Statutory Auditors for a 5-year tenure.
The appointment covers the period from Financial Year 2025-2026 to 2029-2030.
Approval was granted by the Committee of Creditors (CoC) in their 42nd meeting held on October 9, 2025.
HDIL remains under Corporate Insolvency Resolution Process (CIRP) as per the NCLT order dated August 20, 2019.

💡 Investors should recognize this as a routine regulatory compliance measure for a company in insolvency. Given the ongoing CIRP, the stock remains highly speculative and subject to the final resolution plan.

View All HDIL Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Portfolio mix as of March 31, 2019: Residential 43.15%, SRA 43.09%, and Commercial/Retail 13.76%. Major profit contributors include project sales, Transfer of Development Rights (TDR), and FSI sales.

Geographic Revenue Split

Primarily focused on Maharashtra, with project registrations under MahaRERA and newspaper publications in Mumbai, Pune, and Nasik.

Profitability Margins

Profit for the period ended March 31, 2025, was a loss of INR 0.0113 Cr, a significant improvement from a loss of INR 10.32 Cr in 2024. Operating profit before working capital changes turned positive to INR 2.91 Cr in 2025 from a loss of INR 8.00 Cr in 2024.

EBITDA Margin

Operating profit before working capital changes was INR 2.91 Cr for FY2025, representing a recovery from a negative INR 8.00 Cr in FY2024.

Capital Expenditure

Property, Plant and Equipment stood at INR 96.05 Cr as of March 31, 2025. Investment property was valued at INR 107.51 Cr.

Credit Rating & Borrowing

Not disclosed in available documents; however, the company is subject to proceedings under the Insolvency and Bankruptcy Code, 2016, and is managed by a Resolution Professional.

⚙️ Operational Drivers

Raw Materials

Steel, cement, and land (implied by real estate operations). Specific percentage of total cost not disclosed.

Capacity Expansion

Portfolio mix includes 43.15% Residential and 43.09% SRA. The company has managed to register all ongoing projects with MahaRERA.

Raw Material Costs

Procurement strategy involves all-inclusive construction contracts with built-in mechanisms for price moderation to manage commodity price risk.

📈 Strategic Growth

Growth Strategy

Focus on value addition through Transfer of Development Rights (TDR) and FSI sales. Strategy includes nurturing industry talent (286 employees as of 2019) and maintaining an engaging human resource culture to explore talent capabilities.

Products & Services

Residential units, commercial spaces, retail spaces, Slum Rehabilitation Authority (SRA) projects, Transfer of Development Rights (TDR), and FSI sales.

Brand Portfolio

HDIL (Housing Development and Infrastructure Limited).

🌍 External Factors

Industry Trends

Shift toward strict regulatory compliance under MahaRERA. The industry is evolving with a focus on Slum Rehabilitation (SRA) and infrastructure-linked development.

Competitive Landscape

Key competitors not named, but the company faces competition in the residential and commercial segments in the Mumbai Metropolitan Region.

Competitive Moat

Moat includes expertise in SRA projects (43.09% of portfolio) and the ability to generate value through TDR/FSI sales in the Mumbai market.

Macro Economic Sensitivity

Sensitive to general election results and government policy changes regarding real estate liquidity and approval timelines.

⚖️ Regulatory & Governance

Industry Regulations

Compliance with MahaRERA (Maharashtra Real Estate Regulatory Authority) for project registrations and SEBI (LODR) Regulations for corporate governance reporting.

Legal Contingencies

The company is currently a 'Corporate Debtor' under the Insolvency and Bankruptcy Code, 2016. Financial results for 2025 were taken on record by the Resolution Professional (RP) without representations on accuracy due to reliance on available staff statements.

⚠️ Risk Analysis

Key Uncertainties

Ability to manage growth, competition, and time/cost overruns on contracts. The primary uncertainty is the outcome of the insolvency resolution process.