Hemisphere Properties India Limited (HEMIPROP)
₹111.78 +0.02% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Hemisphere Properties' revenue was ₹0.1 Cr (-38.8% year on year, -43.8% on the previous quarter), and net profit ₹-3.2 Cr (a bigger loss than a year earlier); the operating margin was -1111.6%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹0.1 | -38.8% | -43.8% |
| Operating profit | ₹-1.6 | loss narrowed | loss narrowed |
| Net profit | ₹-3.2 | loss widened | loss widened |
| EPS (₹) | -0.11 | loss widened | loss widened |
| Operating margin | -1111.6% | — | — |
HEMIPROP delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 42.66% of the HEMIPROP shares traded on NSE were taken to delivery, against the stock's own 20-session average of 55.22%. That is lower than usual for this stock.
Delivery in the last 5 sessions: 57.5% · 42.7% · 56.9% · 48.2% · 42.7%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Hemisphere Properties India Limited has announced the closure of its trading window effective Thursday, October 01, 2026. The closure applies to all Directors, Officers, Designated Persons, and Connected Persons in compliance with SEBI insider trading regulations. The trading window will remain closed until 48 hours after the declaration of financial results for the period ended September 30, 2026. The specific date for the board meeting to approve the results will be announced at a later stage.
- Trading window closes on Thursday, October 01, 2026
- Closure covers the financial results for the period ending September 30, 2026
- Window will reopen 48 hours after the financial results are declared
- Board meeting date to consider results to be communicated later
Hemisphere Properties India Limited announced that the Comptroller & Auditor General of India (C&AG) has appointed M/s Aggarwal & Rampal, Chartered Accountants (FRN 003072N), as the company's Statutory Auditor for FY 2026-27. The appointment was communicated via a C&AG order dated September 08, 2026. The company confirmed that none of its directors have any relationship with the newly appointed audit firm. This is a routine statutory appointment standard for Government of India enterprises.
- C&AG appointed M/s Aggarwal & Rampal, Chartered Accountants (FRN 003072N), as Statutory Auditor.
- Appointment is effective for the financial year 2026-27.
- C&AG communication letter reference No. CA. V/COY/CENTRAL GOVERNMENT, HPIL(1)/443 dated September 08, 2026.
- No inter-se relationship between company directors and the appointed audit firm.
Hemisphere Properties India Limited has issued the notice for its 22nd Annual General Meeting (AGM), scheduled for Monday, September 28, 2026, at 2:00 PM IST via Video Conferencing. The company has fixed September 21, 2026, as the cut-off date to determine shareholder eligibility for remote e-voting. The remote e-voting period will run from September 25, 2026 (9:00 AM) to September 27, 2026 (5:00 PM). The disclosure also includes the Annual Report for FY 2025-26 detailing board profiles and administrative updates.
- 22nd Annual General Meeting scheduled for Monday, September 28, 2026, at 2:00 PM IST via VC/OAVM
- Cut-off date for e-voting eligibility fixed as Monday, September 21, 2026
- Remote e-voting window active from Friday, September 25, 2026 (09:00) to Sunday, September 27, 2026 (17:00)
- Annual Report for FY 2025-26 submitted along with AGM notice under Regulation 34(1)
Hemisphere Properties India Limited has announced the appointment of Shri Amit Kumar Agarwal as an Independent Director on its Board. The appointment was notified by the Ministry of Housing and Urban Affairs (MoHUA) via an Office Order dated August 27, 2026. The tenure is set for a period of 3 years effective August 27, 2026, or until further orders. Mr. Agarwal brings over 30 years of commercial and business management experience.
- Appointment of Shri Amit Kumar Agarwal as Non-Executive Independent Director effective August 27, 2026
- Tenure defined for a period of 3 years or until further government orders
- Appointed pursuant to Ministry of Housing and Urban Affairs (MoHUA) Office Order dated August 27, 2026
- Appointee possesses over 30 years of experience in business management and commercial operations
Hemisphere Properties India Limited (HEMIPROP) has approved its unaudited standalone financial results for the quarter ended June 30, 2026. The board meeting was conducted on August 11, 2026, between 12:20 PM and 1:20 PM. The statutory auditors, M/s Aggarwal & Rampal, issued a limited review report with an unmodified opinion, indicating no major accounting discrepancies. The company continues to focus on its 739.69-acre land bank, including the monetization of the Bopkhel land parcel.
- Financial results approved for the quarter ended June 30, 2026
- Board meeting duration was exactly 1 hour (12:20 PM to 1:20 PM)
- Statutory auditors issued an unmodified opinion on standalone results
- Company manages a total land bank of 739.69 acres across prime metros
- Net worth stands at Rs 434 Cr with a debt of Rs 87 Cr as per latest context
Hemisphere Properties India Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations for the period ended June 30, 2026. This filing confirms that the company has processed all requests for the dematerialization and rematerialization of securities as required by law. As a routine administrative disclosure, it provides no new information regarding the company's core operations or its 740-acre land monetization strategy. Investors should note that the company's financial health remains tied to the execution of land sales, such as the Bopkhel land premium of ₹130.56 Cr.
- Compliance certificate filed for the quarter ended June 30, 2026
- Adherence to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
- Confirmation of processing for dematerialized and rematerialized securities
- Company manages a significant land bank of 739.69 acres for monetization
- Net worth of the company stands at ₹434 Cr as per latest financial context
Hemisphere Properties India Limited has filed its annual disclosure under SEBI Takeover Regulations for the financial year ended March 31, 2026. The promoter, the President of India (acting through the Ministry of Housing & Urban Affairs), declared that no encumbrances were made on their shareholding during the year. The promoter group continues to hold 14,56,96,885 equity shares, all of which remain unpledged. This is a standard procedural filing confirming the stability of the promoter's stake.
- Promoter group holds a total of 14,56,96,885 equity shares in the company.
- Zero shares were encumbered, directly or indirectly, during the financial year ended March 31, 2026.
- The declaration was issued by the Land and Development Officer on behalf of the President of India.
- Compliance is in accordance with Regulation 31(4) of the SEBI (SAST) Regulations, 2011.
Shareholders of Hemisphere Properties India Limited (HPIL) have approved a material related party transaction with Hypervault AI Data Center Limited via postal ballot. The resolution passed with 99.49% of polled votes in favor, representing 5.73 million shares. Notably, public institutions showed high engagement with 68.27% of their holdings participating in the vote. This approval is a key step in HPIL's strategy to monetize its 740-acre land bank by targeting the tech and data center sectors.
- 99.49% of total valid votes (5,732,628 shares) were cast in favor of the material related party transaction.
- 68.27% of public institutional shareholders participated in the voting process, polling 3,067,842 votes.
- Only 0.51% of the total polled votes (29,166 shares) were cast against the resolution.
- The transaction involves Hypervault AI Data Center Limited, aligning with the company's focus on Global Capability Centres (GCCs).
Hemisphere Properties India Limited (HEMIPROP) has announced the closure of its trading window starting July 01, 2026, in compliance with SEBI Insider Trading regulations. This closure is ahead of the declaration of financial results for the quarter ending June 30, 2026. The window will remain shut for all designated persons and insiders until 48 hours after the results are made public. The specific date for the board meeting to approve these results will be communicated in due course.
- Trading window closure scheduled to commence on July 01, 2026.
- Closure pertains to the financial results for the period ended June 30, 2026.
- Restriction applies to all Directors, Officers, and Designated Persons of the company.
- Trading window will reopen 48 hours after the official declaration of financial results.
- Board meeting date for result approval is currently pending and will be announced later.
Hemisphere Properties India Limited (HPIL) has issued a postal ballot notice to seek shareholder approval for the sale of its land parcel in Bopkhel, Pune. The transaction is valued at ₹640.50 Crores and involves HyperVault AI Data Center Limited, which emerged as the successful bidder in an e-auction held on May 12, 2026. As a Material Related Party Transaction, it requires an ordinary resolution from shareholders. This move is a significant step in the company's core mandate of monetizing its extensive land bank.
- Sale of land parcel at Bopkhel, Pune for an aggregate amount not exceeding ₹640.50 Crores.
- HyperVault AI Data Center Limited selected as the successful bidder through a formal RFP and e-auction process.
- The transaction is classified as a Material Related Party Transaction conducted on an arm's length basis.
- Remote e-voting for shareholder approval is scheduled from May 31, 2026, to June 29, 2026.
- Final results of the postal ballot will be announced on or before July 01, 2026.
Hemisphere Properties has successfully concluded the e-auction for its Bopkhel, Pune land parcel, with HyperVault AI Data Center Limited emerging as the highest bidder at ₹640.50 crore. The transaction is classified as a Related Party Transaction and is subject to shareholder and regulatory approvals. While the company reported its FY26 audited results, the statutory auditor raised several 'Emphasis of Matter' points, including a ₹651 crore provision for stamp duty based on outdated 2016-17 rates. Additionally, the company faces regulatory fines from NSE and BSE for non-compliance regarding the appointment of independent directors.
- HyperVault AI Data Center Limited emerged as H1 bidder for Bopkhel, Pune land with a bid of ₹640.50 crore.
- A premium of ₹130.56 crore is payable to the Maharashtra government for the sale of the Bopkhel land parcel.
- Auditors highlighted a ₹651 crore provision for stamp duty that has not been reassessed since FY 2016-17, posing a potential liability risk.
- The company is facing regulatory action and fines from stock exchanges for failing to appoint the required number of independent directors.
- The land sale transaction is subject to a postal ballot for shareholder approval as it is a Related Party Transaction.
Hemisphere Properties India Limited (HPIL) has successfully concluded the e-auction process for its land parcel located at Bopkhel, Pune, on May 12, 2026. The company is currently evaluating and scrutinizing the bids received to verify document eligibility and bidder criteria. While the specific bid values have not been disclosed yet, the successful bidder and the final transaction amount will be announced following competent authority approval. This monetization step is a key milestone for the company, which focuses on unlocking value from its significant land holdings.
- E-auction for the Bopkhel, Pune land parcel successfully concluded on May 12, 2026
- Bids are currently undergoing technical evaluation and document verification
- The company will issue a Letter of Award/Acceptance once the bid value is approved by the competent authority
- This follows the initial Request for Proposal (RFP) disclosure made on February 18, 2026
Hemisphere Properties India Limited (HPIL), a Government of India enterprise, has announced a change in its board of directors effective April 21, 2026. Shri Rajeev Kumar Das has ceased his role as a Director following an order from the Ministry of Housing and Urban Affairs. In his place, Shri Suchit Goyal, an MBA in Finance with over 15 years of government service experience, has been appointed to the board. This transition is a routine administrative change common in Public Sector Undertakings where government officials are nominated to the board.
- Shri Rajeev Kumar Das ceased to be a Director effective April 21, 2026
- Shri Suchit Goyal appointed as Director with immediate effect from April 21, 2026
- New appointee Shri Suchit Goyal brings over 15 years of experience in government administration and management
- Shri Goyal holds an MBA in Finance and currently serves as Deputy Land & Development Officer
- The appointment was directed by the Ministry of Housing and Urban Affairs (MoHUA)
Hemisphere Properties India Limited (HPIL), a Government of India enterprise, has announced the appointment of Shri Suchit Goyal as a Non-Executive Director effective April 21, 2026. He replaces Shri Rajeev Kumar Das, who has ceased to be a Director on the board following orders from the Ministry of Housing and Urban Affairs (MoHUA). Mr. Goyal brings over 15 years of experience in government administration and holds an MBA in Finance. This change is a routine administrative rotation typical for Public Sector Undertakings (PSUs) where government officials are nominated to the board.
- Shri Suchit Goyal appointed as Director effective April 21, 2026, by the Ministry of Housing and Urban Affairs.
- The appointee holds an MBA in Finance and has over 15 years of experience in government service and administration.
- Shri Rajeev Kumar Das (DIN: 07730466) has ceased to be a Director on the Board with immediate effect.
- The company confirmed the new appointee is not debarred from holding office by any SEBI order.
Hemisphere Properties India Limited (HPIL) has announced that Mr. G R Kanakavidu has ceased to be an Independent Director of the company effective April 20, 2026. This cessation comes after the completion of his fixed 1-year term of appointment, which was originally mandated by the Ministry of Housing and Urban Affairs (MoHUA). As a Government of India Enterprise, such board rotations are standard procedure. The exit is a routine administrative matter and does not indicate any internal conflict or operational issues.
- Mr. G R Kanakavidu ceased his role as Independent Director effective April 20, 2026.
- The cessation is due to the completion of a 1-year tenure as per MoHUA order dated April 21, 2025.
- The company is a Government of India Enterprise under the Ministry of Housing and Urban Affairs.
- The change is compliant with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Financial Performance
Revenue Growth by Segment
Revenue from operations grew by 73.37% YoY, increasing from INR 52.28 Lakhs in FY 2023-24 to INR 90.64 Lakhs in FY 2024-25. Other income, which constitutes the bulk of total revenue, decreased by 7.04% from INR 744.50 Lakhs to INR 692.12 Lakhs.
Geographic Revenue Split
Revenue is derived from land holdings across four major Indian cities: Pune (524 acres/70.8%), Delhi (127.46 acres/17.2%), Chennai (53.04 acres/7.2%), and Kolkata (35.19 acres/4.8%).
Profitability Margins
Net Profit Margin improved from (1878.15%) in FY 2023-24 to (829.48%) in FY 2024-25. While still deeply negative, the improvement is driven by a 15.46% reduction in total expenses from INR 2,023.78 Lakhs to INR 1,710.98 Lakhs.
EBITDA Margin
Operating Profit Margin remains highly negative at -1,620% (TTM) as the company is in a pre-development/monetization phase where administrative and finance costs far exceed operational revenue from land.
Capital Expenditure
The company allotted INR 75 Cr in Cumulative Redeemable Preference Shares (Tranche-4) to the Government of India in Q2 FY26 to fund operations and statutory liabilities. Fixed assets are valued at INR 944.26 Cr as of March 2024.
Credit Rating & Borrowing
Debt-Equity Ratio significantly improved from 2:1 in FY 2023-24 to 0.13:1 in FY 2024-25 due to the discharge of liabilities. Interest coverage ratio remains weak at (0.5), indicating insufficient earnings to cover finance costs of INR 609.41 Lakhs.
Operational Drivers
Raw Materials
The primary 'raw material' is the 739.69 acres of surplus land transferred from VSNL. Land represents 100% of the core asset base for future development.
Import Sources
Not applicable as the company manages domestic land parcels located in Maharashtra (Pune), Delhi, Tamil Nadu (Chennai), and West Bengal (Kolkata).
Key Suppliers
The Government of India (Ministry of Housing and Urban Affairs) and Tata Communications Limited (erstwhile VSNL) are the primary entities involved in the transfer and regulatory oversight of the land assets.
Capacity Expansion
Current 'capacity' is 739.69 acres of land. Expansion is focused on 'perfecting titles' for the 524-acre Pune parcel and other sites currently still registered under VSNL/TCL names.
Raw Material Costs
Not applicable for a real estate holding company; however, land-related statutory costs and stamp duty liabilities are the primary financial burdens.
Manufacturing Efficiency
Not applicable. Efficiency is measured by the speed of land title transfers and the realization of premiums, such as the ~INR 130.56 Cr premium approved for the Bopkhel land sale.
Strategic Growth
Expected Growth Rate
39%
Growth Strategy
Growth will be achieved through the monetization of surplus land, starting with the approved sale of Bopkhel land (INR 130.56 Cr premium) and the phased development of 740 acres in prime metros. The company is also shifting from a pure holding entity to a developer/manager of commercial and residential properties.
Products & Services
Real estate development, land leasing, property management, and sale of surplus land parcels.
Brand Portfolio
Hemisphere Properties India Limited (HPIL).
New Products/Services
Entry into the commercial real estate segment, targeting Global Capability Centres (GCCs) and tech firms, which drove 70 million sq. ft. of leasing in India in FY25.
Market Expansion
Focusing on high-growth urban hubs: Delhi (Greater Kailash and Chattarpur) and Pune, where commercial demand remains resilient.
Market Share & Ranking
A unique niche player as a Government of India enterprise specifically managing demerged land assets from VSNL disinvestment.
Strategic Alliances
Partnerships with the Ministry of Housing and Urban Affairs (MoHUA) and various state government agencies for land-use clearance.
External Factors
Industry Trends
The Indian commercial real estate market is growing, with gross leasing crossing 70 million sq. ft. in FY25. HPIL is positioning itself to capture this by readying its urban land parcels for tech-enabled and GCC-focused facilities.
Competitive Landscape
Competes with major private developers like DLF and Godrej Properties for commercial and residential market share in Tier-1 cities.
Competitive Moat
The company's moat is its massive, low-cost land bank (740 acres) in prime urban locations acquired through a government demerger. This is sustainable because these land parcels are irreplaceable in markets like Delhi and Pune.
Macro Economic Sensitivity
Highly sensitive to Indian interest rates; rising rates increase borrowing costs for developers and can reduce the valuation of the company's land parcels by cooling buyer demand.
Consumer Behavior
Shift toward multi-storey warehouses and tech-enabled office spaces is influencing the company's development planning.
Geopolitical Risks
Low; however, changes in Government of India disinvestment policies or land-use regulations could stall monetization plans.
Regulatory & Governance
Industry Regulations
Subject to RERA (Real Estate Regulatory Authority) norms for development and MoHUA policies for land transfer. Title perfection is a major regulatory hurdle as land is still in VSNL/TCL names.
Environmental Compliance
Not disclosed; however, real estate development will require standard environmental clearances (EC) for each parcel.
Taxation Policy Impact
The company is assessed for Income Tax and Deferred Tax annually. Deferred tax credit of INR 176.38 Lakhs was recorded in FY 2024-25.
Legal Contingencies
The company faces significant title risks and potential litigation regarding land encroachment and ownership disputes, particularly for parcels not yet fully transferred in revenue records from TCL.
Risk Analysis
Key Uncertainties
Regulatory delays in land-use conversion and title perfection could delay revenue realization by several years, impacting the company's ability to service its INR 64.28 Cr in liabilities.
Geographic Concentration Risk
High; 70.8% of land assets (524 acres) are concentrated in a single location (Pune).
Third Party Dependencies
High dependency on Tata Communications Limited (TCL) for the administrative cooperation required to transfer land titles.
Technology Obsolescence Risk
Low risk for land assets, but the company must adopt modern 'tech-enabled' facility standards to attract top-tier commercial tenants.
Credit & Counterparty Risk
The company's primary credit risk is its own low interest coverage (0.5), though this is mitigated by government backing and preference share infusions.
