Hudco Share Price Target 2024-2030 Fundamentals & Quarterly Results

Hudco Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030 Fundamentals & Quarterly Results – HUDCO (Housing and Urban Development Corp. Ltd.) is an Indian Government Company that provides finance for housing and city infrastructure. The Government of India incorporated it as a private limited company in its entirety with Rs.2 crores as its initial equity base on 25 April 1970 according to the Companies Act, 1956. In 1991, the institution received UN’s Human Settlement Programme (UN-Habitat) Scroll of Honor Award for contribution towards housing development.

Latest Update – Housing and Urban Development Corporation Ltd’s net profit in the first quarter of 2024-2025 was up 25.15% from the same period last year to ₹557.75Cr. In terms of quarterly growth, however, Housing and Urban Development Corporation Ltd has witnessed a fall in its net profits by -20.34% since last three months.

Hudco Overview

Primarily, Housing & Urban Development Corporation Ltd engages in the business of financing housing and urban development activities in the country.

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Hudco Business Profile

The company is a public financial institution and primarily finances social housing and urban infrastructure projects. It also provides consultancy services for major projects and government programs. By September 2023, a significant share of their loans are in two states. These states represent 155% of their net worth.

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The institution continues to be critical to the government’s housing-for-all objective owing to its major roles in funding urban infrastructural development as well as provision of houses. This firm is seventy five-percent owned by the Government of India (GoI). Its links with various state authorities render it their top financier in urban infra restructuring and habitation.

Borrowings

There is a little risk associated with HUDCO’s portfolio mainly because a huge part of its credit goes to States including their entities whose risk is minimal. Gross NPAs as at the end of December 31, 2023 were 2.42 percent on private sector advances while it stood at 0.70 percent on advances to Government and its associates.

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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 cost of the borrowings stood at 7.17%.

HUDCO Projects

Institutional Projects

• Archaeological Survey of India
• Human Settlement Management Institute, India
• Regional Office of HUDCO

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Commercial Projects

• Shopping Complex at Old District Hospital, Imphal

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Tourism and Recreational Projects

• Pilgrim and Cultural Centre, Solophok, Namchi
• Queue Complex, Lord Dharbaranyeswarar Temple, Thirunallur
• Riverside Shopping and Traffic Interchange Node, Bodhgaya
• Shopping Complex and Interpretation Centre, Fatehpur Sikri
• Cottage and Allied Facilities at Vivekananda Kendra, Kanyakumari
• Renovation and Beautification of the Botanical Garden of Puducherry
• Spiritual Tourism Circuit Development, Puducherry

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Housing Projects

• Affordable Housing for Low Income Groups
• Housing for Bhopal Gas Victims
• Low Income Housing Project at Pimpri Chinchwad, Pune
• Group Housing for HAL Employees
• Vertical Housing Shehjar Apartments, Srinagar

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HUDCO Niwas

Housing loans are provided to individuals covered by HUDCO Niwas (a) retail finance product, purchase flats and houses, construction of houses, sites being purchased through other Govt. Agencies/co-operative housing societies of Central/ State Govt. employees/purchase of plots from the Govt. agencies, improvement and extension of an existing flat, and refinancing of the existing loans from the banks and other financial institution (b) The State Governments, PSUs, and agencies offer bulk loans in areas that can compete with employees’ home-building loans as well as general public housing loans including HFCs.

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Hudco Fundamentals & Quarterly Results