Sector Alpha Week of 2026-07-24
Sector Alpha — machine-written from the numbers · Data as of 2026-07-24

Hubtown Ltd

HUBTOWN
Realty - Construction & Contracting

Hubtown Ltd's earnings have outrun its stock. EPS grew +208.3% in a year against a −30.9% price move.

The sharpest disagreement: profits are rising, but only −166% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch.

The price is in a downtrend (27 weeks in) while the P/E sits at the 23rd percentile of its own 3-year range. Underneath, the last four quarters read improving — profit +1,200.0% year on year, and −166% of the last 3 years' profit arrived as cash. What settles it: whether the cash starts following the profit.

Stage
Improving
partial read
Price
₹202
−30.9% 1Y
P/E
18.7×
23rd pctile
of its own 3-year range
Revenue (Mar 26)
₹160 Cr
+64.9% YoY
Profit (Mar 26)
₹26.0 Cr
+1,200.0% YoY
Operating margin
49.0%
+40.0 pp YoY
ROCE
10%
FY26
ROIC
3.8%
vs WACC 12.0% → −8.2 pp
Cash conversion
−166%
of profit, last 3 FY
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Hubtown Ltd trades at ₹202, in a downtrend and 27 weeks into that stage. That is −10.5% against its own 200-day average. It sits at 12% of a 52-week range of ₹181 to ₹353. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (3 weeks and counting).

Today the stock is in a downtrend — week 27 of stage 4, confirmed. At ₹202 it trades −10.5% versus its 200-day average and sits at 12% of its 52-week range (₹181–₹353).

Jul 26: ₹202 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 3-year window.
−10.5% versus the 200-day line, week 27 of stage 4
Price50-day avg200-day avg
S4S2S4S2S4₹378₹288₹198₹108₹17.6₹202₹226Jul 23Apr 24Jan 25Oct 25Jul 26
S4S2S4S2S4₹378₹288₹198₹108₹17.6₹202₹226Jul 23Jan 25Jul 26
Beating or trailing, week by week since 2016 Each cell is one week from 2016 to now (544 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Mar 16Jul 26

Against the market, two honest reads. Cumulative: over the last 10.3 years the stock moved +94% while the NIFTY 500 moved +274% — behind the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (3 weeks and counting; last ahead the week of 2026-07-01) — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 23rd percentile of its own range.

02 · Valuation

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Hubtown Ltd trades at 18.7× P/E, near the bottom of its own range — cheaper only 23% of the time. Its long-run median P/E is 26.0×, measured across 3.1 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 18.7× is near the bottom of its own range — cheaper only 23% of the time, against a long-run median of 26.0× measured over 3.1 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 18.7× vs a 26.0× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 3.1-year window; loss-period spikes above 78× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
near the bottom of its own range — cheaper only 23% of the time
P/EMedianEPS (TTM) (quarterly)
83.7×₹11.363.1×₹8.542.6×₹5.622.1×₹2.81.5×₹0.0×18.70×₹10Jun 23Dec 23Jul 25Feb 26Jul 26
83.7×₹11.363.1×₹8.542.6×₹5.622.1×₹2.81.5×₹0.0×18.70×₹10Jun 23Jul 25Jul 26
P/E
18.7×
23rd percentile of 3y
PEG
n/m
not derivable — 3-year earnings growth unavailable

Why the multiple sits where it does: over the past year annual EPS moved +208.3% against a −30.9% price move — earnings outran the price, pushing the multiple DOWN its own range.

The price move, decomposed: over 3y, of the +66.0%/yr price move, ~+38.7%/yr came from earnings growth and ~+27.3 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.

→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.

03 · Stage: Improving

Stage: Improving Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Hubtown Ltd reads as improving on its fundamental arc. Improving — profit growth bottomed 8 quarters ago at −89.3% and has held its recovery at +1200.0% (single-quarter readings), ROCE lifting at 10.1%. The read is built from 12 quarters across 3 curves, on partial evidence.

Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. Where the trailing-twelve-month history is short, the curve falls back to single-quarter year-on-year growth — noisier, and the classifier smooths and caps base-effect spikes before reading. Base-effect spikes shown pinned (▲). A missing point means that reading is not held for the quarter.
the trajectory the stage is read from
RevenueProfitEPS
87%348%55%174%24%0.0%−8.1%−174%−40%−348%%%57.8%300%179.2%Jun 23Sep 24Mar 26
87%348%55%174%24%0.0%−8.1%−174%−40%−348%%%57.8%300%179.2%Jun 23Sep 24Mar 26
ROCE Trailing-twelve-month operating profit (before interest and tax) as a share of average capital employed — total assets minus current liabilities, the standard textbook basis, %.
the return curve, computed quarterly
ROCE
11%7.8%4.7%1.6%−1.6%%10.1%Jun 23Sep 24Mar 26
11%7.8%4.7%1.6%−1.6%%10.1%Jun 23Sep 24Mar 26
Revenue growth
Steady high
latest +57.8% · span −31.0% to +78.2%
Profit growth
Rising
latest +1,200.0% · span −100.0% to +100.0%
ROCE
Rising
latest 10.1% · span −0.7%–10.1%

Why it matters: a sustained climb off the trough is the setup this page is built to catch — the question moves to what you pay for it.

One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.

A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.

Growth, year by year: revenue +57.8% in FY26, profit +256.5% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn. Turnaround-year spikes shown pinned (▲).
Revenue YoYProfit YoYEPS YoY
77%301%45%140%13%−22%−19%−183%−51%−345%%%57.8%256.5%FY16FY21FY26
77%301%45%140%13%−22%−19%−183%−51%−345%%%57.8%256.5%FY16FY21FY26
TTM growth by quarter Trailing-twelve-month growth versus the year-ago TTM, per quarter, %: revenue (left axis); profit and EPS (right axis). The acceleration read compares the last 4 quarters (+57.8%) with the last 8 annualized (+58.0%). Spikes shown pinned (▲).
revenue stabilising
Revenue TTM YoYProfit TTM YoYEPS TTM YoY
87%299%55%138%24%−23%−8.1%−184%−40%−344%%%57.8%254.3%Jun 23Sep 24Mar 26
87%299%55%138%24%−23%−8.1%−184%−40%−344%%%57.8%254.3%Jun 23Sep 24Mar 26
Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue+57.8%+26.4%+19.3%+4.7%
Profit+256.5%+76.2%
EPS+208.3%+37.7%
Share price−30.9%+66.0%+49.9%+7.4%
Revenue YoY (Mar 26)
+64.9%
latest quarter vs a year ago
Profit YoY (Mar 26)
+1,200.0%
latest quarter vs a year ago
Revenue 10y
4.7%
long-run compound pace

→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.

04 · 4-Factor Sector Score

4-Factor Sector Score

55.7/100 — rank 7 of 26 in Realty - Construction & Contracting · 73% evidence confidence

Hubtown Ltd scores 55.7 out of 100 against the 26 companies it is compared with in Realty - Construction & Contracting, ranking 7. Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -10.6% and the one-year return is -30.9%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.

The four contributions add to the total exactly: 25.3 + 14.2 + 10.3 + 5.9 = 55.7. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

05 · Revenue

Revenue Revenue is the top line: everything the company billed its customers in the period.

Hubtown Ltd reported ₹160 Cr of revenue in the Mar 26 quarter, +64.9% year on year. Over 10 years it has compounded at 4.7% a year. The last full year, FY26, came in at ₹644 Cr. The last four reported quarters add to ₹644 Cr.

Hubtown Ltd reported ₹160 Cr of revenue in the Mar 26 quarter, +64.9% year on year. Over 10 years it has compounded at 4.7% a year. The last full year, FY26, came in at ₹644 Cr. The last four reported quarters add to ₹644 Cr.

FY26 revenue came in at ₹644 Cr (+57.8% on the year), capping 10 years at 4.7% compound. The latest quarter (Mar 26) printed ₹160 Cr, +64.9% year on year.

FY26 revenue ₹644 Cr (+57.8% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
4.7% a year over 10 years
RevenueYoY growth
69677%52245%34813%174−19%0−51%₹ Cr%₹64457.8%FY16FY21FY26
69677%52245%34813%174−19%0−51%₹ Cr%₹64457.8%FY16FY21FY26
Mar 26: ₹160 Cr (+64.9% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Revenue (quarterly)YoY growth
226218%169140%11361%56−17%0−96%₹ Cr%₹16064.9%Jun 23Sep 24Mar 26
226218%169140%11361%56−17%0−96%₹ Cr%₹16064.9%Jun 23Sep 24Mar 26

Pace check: the last four quarters averaged +56.9% growth against the decade's 4.7% — the current year is running faster than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +57.8% over the last 4 quarters against +58.0%/yr over the last 8 — stabilising.

→ Revenue grew — did margins hold as it scaled? Next: 49.0% this quarter (+40.0 pp YoY).

06 · Operating margin

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Hubtown Ltd's operating margin is 49.0% in the Mar 26 quarter, +40.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −31.0% to 86.0%. The current quarter sits inside that band.

Hubtown Ltd's operating margin is 49.0% in the Mar 26 quarter, +40.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −31.0% to 86.0%. The current quarter sits inside that band.

The latest quarter's operating margin is 49.0%, +40.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −31.0%–86.0%.

Why the margin moved: operating margin went +40.3 pp year on year while gross margin went +44.1 pp — the gain came mostly from the gross line: input costs and pricing.

FY26: 24.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 13-year window.
within a −31.0–86.0% band over 13 years
operating marginYoY change (pp)
95%69%61%33%28%−3.0%−6.4%−39%−40%−75%%%24%−4%FY14FY20FY26
95%69%61%33%28%−3.0%−6.4%−39%−40%−75%%%24%−4%FY14FY20FY26
Mar 26: 49.0% operating margin (+40.0 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
78%181%17%89%−43%0.0%−103%−95%−164%−187%%%49%40%Jun 23Sep 24Mar 26
78%181%17%89%−43%0.0%−103%−95%−164%−187%%%49%40%Jun 23Sep 24Mar 26

→ Margins held — did that reach the bottom line? Next: profit +1,200.0% in the latest quarter.

07 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Hubtown Ltd earned ₹26.0 Cr of net profit in the Mar 26 quarter, +1,200.0% year on year. It is the 4th consecutive quarter of growth. Full-year FY26 profit was ₹164 Cr. That is 16.3% of the quarter's revenue. The same quarter a year earlier earned ₹2.0 Cr. 2 of the last 12 reported quarters were loss-making.

Hubtown Ltd earned ₹26.0 Cr of net profit in the Mar 26 quarter, +1,200.0% year on year. It is the 4th consecutive quarter of growth. Full-year FY26 profit was ₹164 Cr. That is 16.3% of the quarter's revenue. The same quarter a year earlier earned ₹2.0 Cr. 2 of the last 12 reported quarters were loss-making.

Mar 26 profit was ₹26.0 Cr, +1,200.0% year on year — the 4th consecutive quarter of growth. On the full year, FY26 printed ₹164 Cr (+256.5%).

FY26 profit ₹164 Cr (+256.5% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
Net profitYoY growth
187308%103121%18−65%−67−252%−151−438%₹ Cr%₹164256.5%FY16FY21FY26
187308%103121%18−65%−67−252%−151−438%₹ Cr%₹164256.5%FY16FY21FY26
Mar 26: ₹26.0 Cr (+1,200.0% YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
4th straight quarter of growth
Net profit (quarterly)YoY growth
961,815%46818%−4−180%−54−1,178%−104−2,175%₹ Cr%₹261,200%Jun 23Sep 24Mar 26
961,815%46818%−4−180%−54−1,178%−104−2,175%₹ Cr%₹261,200%Jun 23Sep 24Mar 26

Why profit moved: revenue contributed +64.9% and the margin +40.0 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.

Pace comparison, last four quarters: profit +705.9% vs revenue +56.9%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.

→ Profit rose — but did the cash follow? Next: −166% of the last 3 years' profit arrived as cash.

08 · Cash flow — the router

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years −166% of Hubtown Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹187 Cr of operating cash against ₹164 Cr of profit. After ₹10.0 Cr of capital spending, ₹177 Cr was left as free cash. Cash resolution here is annual, because quarterly cash statements are not published.

FY26: operating cash of ₹187 Cr against reported profit of ₹164 Cr, leaving free cash of ₹177 Cr after ₹10.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is −166% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

FY26: CFO ₹187 Cr vs profit ₹164 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 11-year window, annual resolution.
−166% of 3-year profit arrived as cash
Operating cashNet profitFree cash
533234−65−363−662₹ Cr₹187₹164₹177FY16FY21FY26
533234−65−363−662₹ Cr₹187₹164₹177FY16FY21FY26
FY26: CFO = 114% of profit (three-year rate −166%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash.
Conversion100%
224%−175%−574%−972%−1,371%%114%FY16FY21FY26
224%−175%−574%−972%−1,371%%114%FY16FY21FY26

🚨 Why conversion sits at −166%: the cash cycle stretched 4,216 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving. Less than 70% of profit arriving as cash is the thing to watch on this page.

Router verdict: conversion is below par and the cash cycle has stretched 4,216 days — the next section's job is to find where the cash is stuck.

→ So follow the cash to where it goes. Next: the 4,470-day cycle, in money terms.

09 · Where the cash goes

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Hubtown Ltd's cash conversion cycle runs 4,470 days in FY26, up from 254 days in FY21. Capital spending ran ₹85.0 Cr over the last 3 years. At FY26 sales of ₹644 Cr each day of that cycle holds about ₹1.8 Cr, so roughly ₹7,887 Cr sits inside the business at any moment.

FY26: debtors at 153 days, inventory at 4,576 days — roughly 150.5 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 4,470 days, looser than FY21's 254.

The full loop: cash goes out to suppliers and production on day 0; stock waits 4,576 days to sell; customers pay about 153 days after that; and suppliers themselves are paid at 259 days — netting out to the 4,470-day cycle.

In money terms: at FY26 sales of ₹644 Cr, each day of the cycle holds about ₹1.8 Cr — so the 4,470-day loop keeps roughly ₹7,887 Cr sitting inside the business at any moment.

FY26: a 4,470-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 13-year window.
+4,216 days vs FY21
Cash cycleInventory daysDebtor daysPayable days
9,9807,3334,6852,037−610days4,470d4,576d153d259dFY14FY17FY20FY23FY26
9,9807,3334,6852,037−610days4,470d4,576d153d259dFY14FY20FY26

On the investment side: capital spending of ₹85.0 Cr over the last 3 fiscal years against ₹9.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹17.0 Cr (FY26) — capacity paid for but not yet earning.

FY26: capex ₹10.0 Cr, work-in-progress ₹17.0 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
a build-out
CapexWork-in-progress
854914−21−57₹ Cr₹10₹17FY16FY18FY21FY23FY26
854914−21−57₹ Cr₹10₹17FY16FY21FY26

The synthesis: the working-capital loop is the cash sink the router flagged — watch the cycle, not the P&L.

→ Does all this activity actually earn its cost of capital? Next: ROCE is 10% and the ROIC − WACC spread is −8.2 pp.

10 · Return on capital

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Hubtown Ltd earns a ROCE of 10% in FY26. That is up from a trough of −2% in FY22. Return on invested capital clears the cost of that capital by −8.2 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 25.5% net margin on 0.10× asset turns.

FY26 ROCE is 10%, recovered from a FY22 trough of −2% — the full ladder below shows the fall and the climb, undoctored.

🚨 Why the return is what it is — the wiring (FY26): 25.5% net margin × 0.10× asset turns × 2.40× balance-sheet leverage ≈ 6.1% on equity. Margin is doing the heavy lifting; leverage is a meaningful part of the equation.

The capstone test — ROIC − WACC: 3.8% − 12.0% = a −8.2 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.

FY26: ROCE 10% Return on capital employed by fiscal year, % (line); ROIC by fiscal year, % (line). 13-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the climb back from FY22's −2%
ROCEROIC (annual)WACC
13%8.2%3.0%−2.2%−7.4%%10%4%FY14FY20FY26
13%8.2%3.0%−2.2%−7.4%%10%4%FY14FY20FY26
Q4 FY26: ROCE 4.0% (TTM) vs WACC 12.0% Trailing-twelve-month ROCE and ROIC, per quarter, %; dashed line = the cost of capital. Last 12 quarters, put on a trailing-twelve-month basis and anchored to the annual figure.
ROCE (TTM)ROIC (TTM)WACC
14%7.8%1.9%−4.0%−9.8%%4%1.8%Q1 FY24Q2 FY25Q4 FY26
14%7.8%1.9%−4.0%−9.8%%4%1.8%Q1 FY24Q2 FY25Q4 FY26

→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.46.

11 · Debt

Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.

Hubtown Ltd carries total debt of ₹1,197 Cr against shareholder equity of ₹2,665 Cr as of Mar 26, a debt-to-equity of 0.45. On the annual view that ratio went from 0.88 in FY22 to 0.45 in FY26. Read the returns elsewhere on this page with that leverage in mind.

Mar 26: total debt of ₹1,197 Cr against shareholder equity of ₹2,665 Cr — a debt-to-equity of 0.45. On the annual view, debt-to-equity went from 0.88 (FY22) to 0.45 (FY26). Read the returns on this page with that leverage in mind.

FY26: debt ₹1,197 Cr at 0.45× equity Total debt by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 5-year window.
Total debtDebt-to-equity
1.3k0.9×9700.8×6460.6×3230.5×00.3×₹ Cr×₹1,1970.45×FY22FY24FY26
1.3k0.9×9700.8×6460.6×3230.5×00.3×₹ Cr×₹1,1970.45×FY22FY24FY26
Mar 26: debt ₹1,197 Cr, debt-to-equity 0.45 Total debt per quarter, ₹ Cr (bars); debt-to-equity, × (line). Last 12 quarters. India reports the full balance sheet half-yearly, so the intervening quarter carries the prior reading forward.
Total debt (quarterly)Debt-to-equity
1.3k0.9×9700.8×6460.6×3230.4×00.3×₹ Cr×₹1,1970.45×Jun 23Sep 24Mar 26
1.3k0.9×9700.8×6460.6×3230.4×00.3×₹ Cr×₹1,1970.45×Jun 23Sep 24Mar 26

→ Who owns this, and are they adding or leaving? Next: Promoters cut 13.4 points over 8 quarters.

12 · Ownership

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Promoters cut 13.4 points of Hubtown Ltd over 8 quarters, the biggest move on the register. That takes promoters to 33.2% of the company. Foreign institutions moved −2.1 points over the same window, to 1.5%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Promoters: −13.4 points over 8 quarters to 33.2%; Foreign institutions: −2.1 points over 8 quarters to 1.5%; Domestic institutions: +0.2 points over 8 quarters to 0.2%.

🚨 Why the register moved: promoters drove it (−13.4 points), alongside foreign institutions (−2.1 points) — distribution into the market’s bid.

Fiscal-year ends: promoters −15.0 pts from Mar 24 to Mar 26 Shareholding at each fiscal-year end (March quarter), % of the company. 3 year-ends held.
PromotersForeign inst.Domestic inst.Public
71%52%33%14%−5.2%%32.8%1.4%0.2%65.6%Mar 24Mar 25Mar 26
71%52%33%14%−5.2%%32.8%1.4%0.2%65.6%Mar 24Mar 25Mar 26
Promoters cut 13.4 points over 8 quarters Shareholding by holder class, % of the company, quarterly, last 13 quarters.
PromotersForeign inst.Domestic inst.Public
71%52%33%14%−5.3%%33.2%1.5%0.2%65.1%Jun 23Dec 24Jun 26
71%52%33%14%−5.3%%33.2%1.5%0.2%65.1%Jun 23Dec 24Jun 26

→ One last check: does the safety math agree? Next: the balance-sheet safety line.

13 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Hubtown Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

Related companies · same sector · Realty - Construction & Contracting Every company is compared on the shape of its own curves, not static ratios. The Revenue, EPS and ROCE columns each draw that company's last 12 quarters as a mini line of the ACTUAL level (trailing-twelve-month revenue and EPS, and the ROCE itself) — so a line that climbs is a business getting bigger, a line that sinks is one shrinking. The colour tracks the same line: green when it is rising or steadily healthy, amber when it is rolling over from a high (still elevated but turning down), red when it is falling, grey when flat or stuck. Colour and direction always agree — a green line never points down. The ROCE curve is the return on capital (annual readings for peers, so a slightly coarser line than the quarterly one at the top of this page). The Stage column then runs the same 12-quarter trajectory classifier used at the top of the page on each company and names where it sits. What lands a company in each bucket: CONSISTENT — growth stays positive across the window and returns are healthy (ROCE ≥ 15%, or ROE ≥ 12% for lenders); IMPROVING — profit or EPS fell into real decline, bottomed a few quarters back, and has climbed back to positive and held there; TURNING AROUND — the same kind of trough but more recent, with the latest quarters just lifting off it (an early, unconfirmed turn); TOPPING OUT — growth is still positive but decelerating hard from its own peak while returns have stopped rising; DETERIORATING — two or more growth curves are shrinking (latest below zero) and staying there, not one soft quarter; MIXED — the curves genuinely disagree, or no clean majority, so no single word fits; NO READ — fewer than eight usable quarters. It is a like-for-like read of every company against its own past, not a ranking against the group.
CompanyP/EMkt capRevenueEPSROCEStage
Hubtown Ltd this page18.7×₹2,771 CrImproving
SignatureGlobal India Ltd301.0×₹10,810 CrNo read
Ganesh Housing Ltd25.1×₹6,666 CrDeteriorating
Valor Estate Ltd₹6,102 CrNo read
Puravankara Ltd79.4×₹5,060 CrNo read
Keystone Realtors Ltd64.0×₹5,046 CrTurning around
Sunteck Realty Ltd21.1×₹4,497 CrNo read
Raymond Ltd0.7×₹3,917 CrMixed
AGI Infra Ltd41.1×₹3,897 CrConsistent
Ashiana Housing Ltd33.0×₹3,887 CrMixed
Hemisphere Properties India Ltd₹3,801 CrNo read
Kesar India Ltd126.0×₹3,775 CrNo read
Kolte Patil Developers Ltd₹3,470 CrNo read
Arvind SmartSpaces Ltd29.0×₹2,792 CrMixed
Ajmera Realty & Infra India Ltd16.1×₹2,412 CrTurning around
Capacite Infraprojects Ltd9.5×₹1,800 CrMixed
Omaxe Ltd₹1,603 CrNo read
Shriram Properties Ltd14.4×₹1,451 CrTurning around
Laxmi Goldorna House Ltd86.9×₹1,021 Cr
Arihant Foundations & Housing Ltd17.3×₹1,018 CrMixed
Suraj Estate Developers Ltd10.2×₹925 CrTopping out
Eldeco Housing & Industries Ltd31.5×₹765 CrTurning around
PVP Ventures Ltd₹711 CrNo read
Geecee Ventures Ltd16.6×₹699 CrMixed
Peninsula Land Ltd₹534 CrNo read
Suratwwala Business Group Ltd16.8×₹524 CrTurning around
12 · Frequently asked questions

Frequently asked questions

What is Hubtown Ltd's share price today?

Hubtown Ltd trades at ₹202, −30.9% over the past year. The company is valued at ₹2,771 Cr. The stock sits at 12% of its 52-week range of ₹181–₹353, −10.5% versus its 200-day average. On the tape, the price is in a downtrend, 27 weeks in. — as of 24 July 2026.

What were Hubtown Ltd's latest quarterly results?

Hubtown Ltd reported revenue of ₹160 Cr and net profit of ₹26.0 Cr for the Mar 26 quarter. Revenue rose 64.9% and profit rose 1,200.0% year on year. Earnings per share were ₹1.61. The operating margin was 49.0%, 40.0 pp higher than a year earlier. — as of 24 July 2026.

What is Hubtown Ltd's revenue?

Hubtown Ltd reported revenue of ₹160 Cr in the Mar 26 quarter, +64.9% year on year. For the full FY26 fiscal year, revenue was ₹644 Cr (+57.8%). Over the last 10 years revenue compounded at 4.7% a year. — as of 24 July 2026.

What is Hubtown Ltd's profit?

Hubtown Ltd earned ₹26.0 Cr of net profit in the Mar 26 quarter, +1,200.0% year on year — the 4th straight quarter of growth. Full-year FY26 profit was ₹164 Cr. The operating margin ran 49.0% in the latest quarter. — as of 24 July 2026.

What is Hubtown Ltd's market cap?

Hubtown Ltd's market capitalisation is ₹2,771 Cr at a share price of ₹202. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.

What is Hubtown Ltd's P/E ratio?

Hubtown Ltd trades at a P/E of 18.7×, at the 23rd percentile of its own 3-year range, against a long-run median of 26.0×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.

Does Hubtown Ltd pay a dividend?

Not in its latest year — Hubtown Ltd's dividend payout was 0% of profit in FY26. It did record a payout in 1 of its last 13 reported fiscal years, so there is a history but no current dividend. This page holds the payout ratio, not a per-share amount. — as of 24 July 2026.

Is Hubtown Ltd overvalued?

On its own history, Hubtown Ltd looks cheap against its own history: its P/E of 18.7× has been cheaper only 23% of the time in 3 years (long-run median 26.0×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 24 July 2026.

Is Hubtown Ltd growing?

Yes — Hubtown Ltd is growing: latest-quarter revenue +64.9% year on year, profit +1,200.0%, and the margin +40.0 pp at 49.0%. The earnings engine currently reads: improving — as of 24 July 2026.

How is Hubtown Ltd performing?

Hubtown Ltd is in a downtrend, 27 weeks in. Its latest quarter's revenue rose 64.9% and profit rose 1,200.0% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 3 weeks. This describes what the data did, not a rating. — as of 24 July 2026.

What stage is Hubtown Ltd in?

Improving — profit growth bottomed 8 quarters ago at −89.3% and has held its recovery at +1200.0% (single-quarter readings), ROCE lifting at 10.1%. The read comes from the last 12 quarters of growth (revenue growth +57.8% latest, profit growth +1,200.0% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.

Is Hubtown Ltd in an uptrend?

No — the price is in a downtrend (week 27 of stage 4), trading −10.5% versus its 200-day average and at 12% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.

Is Hubtown Ltd beating the market?

Not lately — on a trailing-13-week view Hubtown Ltd is currently behind the NIFTY 500 (3 weeks and counting; last ahead the week of 2026-07-01), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.3 years the stock moved +94% against the NIFTY 500's +274% — behind the index over the full window. — as of 24 July 2026.

Will Hubtown Ltd's share price go up?

This page publishes no price forecast for Hubtown Ltd. What it measures instead: the share price is ₹202, the price is in a downtrend 27 weeks in. Its P/E of 18.7× sits at the 23rd percentile of its own 3-year range. Direction is not something this site claims to know. — as of 24 July 2026.

Who owns Hubtown Ltd?

Promoters hold 33.2% of Hubtown Ltd, foreign institutions 1.5%, domestic institutions 0.2% and the public 65.1% (latest quarter). The biggest move on the register over the last two years: Promoters cut 13.4 points over 8 quarters. — as of 24 July 2026.

Does Hubtown Ltd have too much debt?

It is moderate — Hubtown Ltd's debt-to-equity is 0.46, and operating profit covers the interest bill 1×. FY26 borrowings were ₹1,197 Cr against equity of ₹2,628 Cr. Read the returns on this page with that leverage in mind — as of 24 July 2026.

What is Hubtown Ltd's capex?

Hubtown Ltd spent ₹85.0 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹10.0 Cr, with ₹17.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.

What is Hubtown Ltd's cash flow?

Hubtown Ltd generated ₹187 Cr of operating cash flow in FY26 and ₹177 Cr of free cash flow after ₹10.0 Cr of capital spending. Reported profit that year was ₹164 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 24 July 2026.

Is Hubtown Ltd's profit real cash?

Not fully — over the last 3 fiscal years, −166% of Hubtown Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹187 Cr against reported profit of ₹164 Cr. The cash then goes mostly into the working-capital cycle. Cash-flow resolution is annual — as of 24 July 2026.

Where is Hubtown Ltd in its business cycle?

Hubtown Ltd's FY26 operating margin was 24.0%, against a 13-year band of −31.0%–86.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 49.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.

What could break the Hubtown Ltd story?

The sharpest disagreement: profits are rising, but only −166% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.

Is Hubtown Ltd a stock worth studying right now?

This is not investment advice. The machine read: Hubtown Ltd's earnings have outrun its stock. EPS grew +208.3% in a year against a −30.9% price move. The sharpest open question: whether the cash starts following the profit. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.

Chat with this pageChat with pageChatChatGPTClaudePerplexityGoogle AI