Hemisphere Properties India Ltd

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.

Hemisphere Properties India Ltd trades at ₹121, in a downtrend and 4 weeks into that stage. That is −11.6% against its own 200-day average. It sits at 8% of a 52-week range of ₹118 to ₹154. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (11 weeks and counting).

Today the stock is in a downtrend — week 4 of stage 4, confirmed. At ₹121 it trades −11.6% versus its 200-day average and sits at 8% of its 52-week range (₹118–₹154).

Against the market, two honest reads. Cumulative: over the last 5.9 years the stock moved +38% while the NIFTY 500 moved +137% — behind the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (11 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.

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.

P/E does not price Hemisphere Properties India Ltd — earnings are negative, so there is no multiple to rank against its own history. The revenue and margin lines below are where a turn, when it comes, would show first. On sales the market values Hemisphere Properties India Ltd at 3,438.0× its FY26 revenue of ₹1.0 Cr.

With earnings negative, P/E does not price — there is no multiple to rank against its own history. The revenue and margin lines below are where the turn, when it comes, will show first.

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

Stage: No read 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).

Hemisphere Properties India Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 10 quarters across 2 curves, on partial evidence.

Why it matters: with too little history, an honest page says so instead of guessing a trajectory.

The latest quarter’s profit carries a one-off item larger than the operating base, so the profit curve is shown but does not vote in the stage call.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.

4-Factor Sector Score

37.5/100 — rank 23 of 26 in Realty - Construction & Contracting · 56% evidence confidence

Hemisphere Properties India Ltd scores 37.5 out of 100 against the 26 companies it is compared with in Realty - Construction & Contracting, ranking 23. Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

The four contributions add to the total exactly: 10.3 + 4.8 + 10 + 12.4 = 37.5. 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.

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

Hemisphere Properties India Ltd reported ₹0.1 Cr of revenue in the Jun 26 quarter, −37.5% year on year. The last full year, FY26, came in at ₹1.0 Cr. The last four reported quarters add to ₹0.9 Cr. A multi-year compound rate is not shown because the annual history behind it is too short to compute one honestly.

FY26 revenue came in at ₹1.0 Cr (+0.0% on the year). The latest quarter (Jun 26) printed ₹0.1 Cr, −37.5% year on year.

Acceleration check: trailing-twelve-month revenue grew −4.2% over the last 4 quarters against +24.2%/yr over the last 8 — rolling over.

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.

Hemisphere Properties India Ltd's operating margin is −1,080.0% in the Jun 26 quarter, −134.2 percentage points against the same quarter a year ago. Across 4 fiscal years the operating margin has ranged −2,550.0% to −392.0%. The current quarter sits inside that band.

The latest quarter's operating margin is −1,080.0%, −134.2 pp against the same quarter a year ago. Across 4 fiscal years the operating margin has ranged −2,550.0%–−392.0%.

🚨 Why the margin moved: operating margin went −134.2 pp year on year while gross margin went +0.0 pp — the loss came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.

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

Hemisphere Properties India Ltd posted a net loss of ₹3.2 Cr in the Jun 26 quarter. That quarter carries a one-off item larger than its own revenue, so the year-on-year figure is an artefact rather than a trading result. The full FY26 year was a loss of ₹11.0 Cr. That loss is 2,133.3% of the quarter's revenue.

Jun 26 profit was ₹−3.2 Cr, null year on year. On the full year, FY26 printed ₹−11.0 Cr (null).

🚨 Read this profit with care: at ₹−3.2 Cr it is larger than the whole quarter's revenue of ₹0.1 Cr — no operating business earns more than it sells, so this is a one-off item (a debt-to-equity conversion, a tax write-back or an asset sale), not money the business earned. The underlying operations are running at −1,080.0% operating margin; the year-on-year jump and any P/E built on this number are artefacts of the one-off, not a real earnings turn.

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.

Hemisphere Properties India Ltd's cash-flow history is too thin to judge how much reported profit converts into cash. In FY26 that was ₹−151 Cr of operating cash against ₹−11.0 Cr of profit. After ₹1.0 Cr of capital spending, ₹−152 Cr was left as free cash. Cash resolution here is annual, because quarterly cash statements are not published.

FY26: operating cash of ₹−151 Cr against reported profit of ₹−11.0 Cr, leaving free cash of ₹−152 Cr after ₹1.0 Cr of capital spending.

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

Router verdict: no single sink dominates — the next section checks both the working-capital cycle and the capital spending.

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).

Hemisphere Properties India Ltd's cash conversion cycle runs 59 days in FY26, up from 33 days in FY23. Capital spending ran ₹4.0 Cr over the last 3 years. At FY26 sales of ₹1.0 Cr each day of that cycle holds about ₹0.0 Cr, so roughly ₹0.0 Cr sits inside the business at any moment.

FY26: debtors at 59 days (an asset-light business — no inventory to speak of) — for a full cycle of 59 days, looser than FY23's 33.

In money terms: at FY26 sales of ₹1.0 Cr, each day of the cycle holds about ₹0.0 Cr — so the 59-day loop keeps roughly ₹0.0 Cr sitting inside the business at any moment.

On the investment side: capital spending of ₹4.0 Cr over the last 3 fiscal years. Capital work-in-progress stands at ₹0.0 Cr (FY26) — capacity paid for but not yet earning.

The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.

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.

Hemisphere Properties India Ltd earns a ROCE of −1% in FY26. That is up from a trough of −11% in FY19. Return on invested capital clears the cost of that capital by −13.1 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is −1,100.0% net margin on 0.00× asset turns.

FY26 ROCE is −1%, recovered from a FY19 trough of −11% — the full ladder below shows the fall and the climb, undoctored.

🚨 Why the return is what it is — the wiring (FY26): −1,100.0% net margin × 0.00× asset turns × 2.68× balance-sheet leverage ≈ 0.0% on equity. Margin does its share; leverage is a meaningful part of the equation.

The capstone test — ROIC − WACC: −1.1% − 12.0% = a −13.1 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.

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.

Hemisphere Properties India Ltd carries total debt of ₹87.0 Cr against shareholder equity of ₹434 Cr as of Mar 26, a debt-to-equity of 0.20 — effectively unlevered. On the annual view that ratio went from 0.18 in FY22 to 0.20 in FY26. The returns elsewhere on this page are therefore earned rather than borrowed.

Mar 26: total debt of ₹87.0 Cr against shareholder equity of ₹434 Cr — a debt-to-equity of 0.20. On the annual view, debt-to-equity went from 0.18 (FY22) to 0.20 (FY26). The returns on this page are earned, not borrowed.

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.

No holder of Hemisphere Properties India Ltd moved a full percentage point over the last two years — the register is quiet. Promoters moved +0.0 points over the same window, to 51.1%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Foreign institutions: −0.1 points over 8 quarters to 1.1%; Promoters: +0.0 points over 8 quarters to 51.1%; Domestic institutions: +0.0 points over 8 quarters to 0.3%.

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.

Hemisphere Properties India 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.

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