Hudco Share Price Target 2024-2030 Today Update, Business Profile, Fundamentals & Quarterly Results

HUDCO (Housing and Urban Development Corp. Ltd.) is an Indian Government Company that gives money to lodging and city foundation. According to the Companies Act of 1956, on April 25, 1970, the Government of India incorporated it as a private limited company in its entirety with Rs. 2 crores as its initial equity base. In 1991, the foundation accepted UN’s Human Settlement Program (UN-Natural surroundings) Look of Honor Grant for commitment towards lodging improvement.

Hudco Share Price Target 2024-2030

Housing & Urban Development Corporation Ltd takes part occupied with supporting housing and urban development activities in the country. The establishment keeps on being basic to the public authority’s lodging for-all goal attributable to its significant jobs in subsidizing metropolitan infrastructural improvement as well as arrangement of houses. The Government of India (GoI) owns seventy-five percent of this business. Due to its connections to a variety of state agencies, it is the most important financier for urban infrastructure redevelopment and housing.

Hudco Share Price Target Today Update

The business declared a Profit Before Tax (PAT) of Rs. 254.32 crore in the second from last quarter of the past financial year, according to an administrative documenting. The Housing and Urban Development Corporation (HUDCO) gives monetary guide to Housing and Urban Development projects. HUDCO and the Gujarat State Government entered into a Memorandum of Understanding to invest up to Rs 14,500 crore in housing and urban infrastructure projects in Gujarat. HUDCO shares can be bid on by retail investors with a February 2024 target price.

HUDCO Latest News

• The organization had posted a different Benefit After Expense (PAT) of Rs. 254.32 crore in the second from last quarter of the past expense, as per an administrative recording.
• Housing and urban infrastructure projects receive funding from the Housing and Urban Development Corporation (HUDCO).
• For the purpose of financing Housing and Urban Infrastructure projects in Gujarat, HUDCO signed a Memorandum of Understanding with the State Government of Gujarat for an investment of up to Rs 14,500 crore.
• Retail financial backers can put a proposal for HUDCO shares cost target 2024 February.
• At Rs 79 each, the 7% offer deal in HUDCO would get about Rs 1,000 crore to the funds.

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Hudco Business Profile

The organization is a public monetary establishment and fundamentally funds finances social housing and urban infrastructure projects. Additionally, it offers consulting services for major government projects and programs. By September 2023, a huge portion of their credits are in two states. These states address 155% of their total assets.

Borrowings: There is a little gamble related with HUDCO’s portfolio mostly on the grounds that a colossal piece of its credit goes to States including their substances whose hazard is negligible. Gross NPAs as toward the finish of December 31, 2023 were 2.42 percent on confidential area progresses while it remained at 0.70 percent on advances to Government and its partners.

• Tax-Free Bonds – 21% of total borrowings
• Taxable Bonds – 16%
• GOI Fully serviced Bonds – 31%
• Mid-term Loans from Bank – 25%
• Short-term Loans from Bank – 4%
• FCNR – 2%
• Their average price of the borrowings stood at 7.17%.

HUDCO Niwas: Housing loans are given to people covered by HUDCO Niwas (a) retail finance item, buy pads and houses, development of houses, locales being bought through other Govt. Organizations/co-usable housing social orders of Focal/State Govt. workers/acquisition of plots from the Govt. organizations, improvement and expansion of a current level, and renegotiating of the current advances from the banks.

Hudco Fundamentals & Quarterly Results

Market Cap	₹ 56,263 Cr.
Current Price	₹ 281
High / Low	₹ 300 / 56.9
Stock P/E	26.6
Book Value	₹ 83.0
Dividend Yield	1.29 %
ROCE	9.24 %
ROE	13.2 %
Face Value	₹ 10.0
Debt to Equity	4.45
Debt Capacity	-1.43
Debt Preceding Year	₹ 62,905 Cr.
Debt	₹ 73,996 Cr.
Reserves	₹ 14,611 Cr.
EPS	₹ 10.6
EPS Last Year	₹ 10.6
Pledged Percentage	0.00 %
FCF Previous Annual	₹ -853 Cr.
EV/EBITDA	16.6
Industry PE	20.2
PEG Ratio	2.15
Piotroski Score	6.00
Earnings Yield	6.00 %
Sales Growth (5 Years)	6.87 %

Hudco Quarterly Results

Quarter	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Revenue	1,727	1,749	1,739	1,710	1,852	1,843	1,865	2,013	2,065
Interest	1,097	1,117	1,109	1,132	1,150	1,191	1,217	1,313	1,240
Expenses +	-399	85	103	245	-155	60	55	12	8
Financing Profit	1,029	547	527	333	857	592	593	688	817
Financing Margin %	60%	31%	30%	19%	46%	32%	32%	34%	40%
Other Income +	17	8	8	10	10	9	16	10	129
Depreciation	3	3	3	3	3	2	2	2	2
Profit before tax	1,043	553	532	340	864	598	606	696	943
Tax %	28%	26%	26%	25%	26%	25%	26%	25%	26%
Net Profit +	747	412	396	254	639	446	452	519	700
EPS in Rs	3.73	2.06	1.98	1.27	3.19	2.23	2.26	2.59	3.50

CAGR Report

Compounded Sales Growth

Period	Growth
10 Years	10%
5 Years	7%
3 Years	2%
TTM	10%

Compounded Profit Growth

Period	Growth
10 Years	11%
5 Years	12%
3 Years	10%
TTM	24%

Stock Price CAGR

Period	Growth
10 Years	%
5 Years	48%
3 Years	73%
1 Year	375%

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Return on Equity

Period	Growth
10 Years	12%
5 Years	13%
3 Years	12%
Last Year	13%

Hudco Shareholding Pattern

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Promoters +	89.81%	89.81%	89.81%	89.81%	81.81%	81.81%	75.00%
FIIs +	0.34%	0.07%	0.14%	0.10%	0.21%	0.30%	1.91%
DIIs +	3.19%	2.80%	2.76%	2.29%	7.96%	7.29%	11.39%
Public +	6.66%	7.32%	7.29%	7.81%	10.02%	10.61%	11.70%
No. of Shareholders	2,82,408	2,83,266	2,70,553	2,81,306	3,27,104	3,30,615	5,52,637

Hudco Share Price Target 2024-2030 Forecast

Year	Initial Target	Mid-Year Target	Year-End Target
2024	₹237	₹223	₹266
2025	₹271	₹255	₹305
2026	₹311	₹292	₹350
2027	₹357	₹335	₹400
2028	₹408	₹383	₹458
2029	₹467	₹439	₹524
2030	₹537	₹559	₹624

HUDCO Share Price Target 2025

Month	Target
January	₹271
February	₹276
March	₹282
April	₹273
May	₹264
June	₹255
July	₹265
August	₹276
September	₹287
October	₹293
November	₹299
December	₹305

HUDCO Share Price Target 2026

Month	Target
January	₹311
February	₹317
March	₹323
April	₹312
May	₹302
June	₹292
July	₹304
August	₹316
September	₹329
October	₹336
November	₹343
December	₹350

HUDCO Share Price Target 2027

Month	Target
January	₹357
February	₹364
March	₹371
April	₹359
May	₹347
June	₹335
July	₹348
August	₹362
September	₹376
October	₹384
November	₹392
December	₹400

HUDCO Share Price Target 2028

Month	Target
January	₹408
February	₹416
March	₹424
April	₹410
May	₹396
June	₹383
July	₹398
August	₹414
September	₹431
October	₹440
November	₹449
December	₹458

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HUDCO Share Price Target 2029

Month	Target
January	₹467
February	₹476
March	₹486
April	₹470
May	₹454
June	₹439
July	₹457
August	₹475
September	₹494
October	₹504
November	₹514
December	₹524

HUDCO Share Price Target 2030

Month	Target
January	₹537
February	₹526
March	₹516
April	₹530
May	₹534
June	₹549
July	₹557
August	₹575
September	₹584
October	₹604
November	₹614
December	₹624

Final Words

The fundamental and technical analysis suggest that the HUDCO share price target has the potential to rise in the future. However, before making any investment decisions, investors should also take into account the risks associated with investing in the stock market and conduct their own research. More or less, HUDCO is a state area organization that gives monetary help to housing and urban infrastructure projects. The HUDCO share price has shown a rising pattern since its Initial offering, and specialized investigation assigns a bullish stage.