Housing & Urban Development Corporation Ltd. Share Price

HUDCO, PFC, others raise over Rs 10,000 crore via bond sales

HUDCO, PFC, others raise over Rs 10,000 crore via bond sales HUDCO Mumbai: The corporate bond market saw three large issuances on Friday, raising a combined ₹8,441 crore, as issuers stepped up borrowings amid softer yields. State-owned HUDCO raised ₹2,500 crore through 10-year bonds, while PFC accepted ₹2,968 crore for 18-month bonds and ₹2,973 crore for five-year papers. Along with these three, Tata Capital Housing Finance, Nirmal Bang Securities and others issued "The HUDCO paper was likely presold, there were only three large bids which included LIC and EPFO, as this was a longer tenured paper. It is because of this that their rate was below 8%," said a corporate bond dealer at a private firm. HUDCO was able to get a rate of 7.92% for their 10 year paper, while the Power Finance Corporation paper for 18 months and 5 years had rates of 8.21% and 8.05% respectively. The 10-year benchmark government bond yield rose 4 bps from its previous close to settle at 7.29% on Friday. While the yield has edged up from around 7.15% levels seen last week, it remains below the 7.50% high recorded in October, according to CCIL data. All this is for information This is not a buy/sell recommendation. SEBI RA – Shubh Consultancy – Sunil Kotak – INH000015826 Thank you, Technofunda24

HUDCO : Regulatory Non-Compliance and Fines

DHARMESH BHATT (Research Analyst) SEBI Registration No. INH000009685 HUDCO Housing and Urban Development Corporation Limited (HUDCO) has received notices from both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) levying total fines amounting to ₹11,71,740 (inclusive of 18% GST) for non-compliance with various provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for the quarter ended June 30, 2026. - Highlights for Investors - *Penalties Levied: Total fines of ₹11,71,740 (inclusive of GST) have been imposed by NSE and BSE for lapses during the quarter ended June 30, 2026. *Core Areas of Non-Compliance: Lapses primarily involve structural requirements concerning board composition and committees under SEBI LODR Regulations: *Regulation 17(1) & (1A): Board composition and non-executive director requirements (Fine: ₹4,55,000). Regulation 18(1): Audit Committee constitution (Fine: ₹2,00,600). Regulation 19(1)/19(2): Nomination and Remuneration Committee constitution (Fine: ₹2,00,600). *Regulation 20(2)/(2A) & 21(2): Stakeholder Relationship Committee and Risk Management Committee constitution (Fine: ₹1,10,920 each). *Regulation 17(2A): Quorum requirements for Board meetings (Fine: ₹11,800). Company's Defense and Rationale: HUDCO has clarified that as a Government of India enterprise, the power to appoint directors—including independent directors—rests entirely with the President of India through the administrative ministry. Because director appointments are outside the company's direct control, management is pursuing a formal waiver of the penalties. * Board Action: The Board has formally reviewed the penalties, mandated continuous follow-up with the government ministry, and directed management to apply for a waiver from the stock exchanges.

HUDCO DECLARES HIGHEST-EVER DIVIDEND FOR FY2025-26

HUDCO has declared its highest-ever dividend of Rs 908.36 crore for the financial year 2025-26. This record dividend underscores the company's strong financial performance and its continued role in supporting India’s urban transformation. The company is actively driving innovation through programmes such as UiWIN and the Urban Challenge Fund to build sustainable and vibrant cities. The stock price is currently trading at an attractive P/E of 7.79 making it a value buying. The company has reported 3-year sales growth of 23% CAGR and profit growth of 33% CAGR. Moreover, its H1 loan sanctions crossed Rs 1 lakh crore with disbursements up 46%, thereby showing a strong business trajectory ahead.

HUDCO's 3.6% yield: safe payout or leverage trap?

HUDCO Housing and Urban Development Corporation Limited (NSE: HUDCO) paid ₹6.05 per share for FY26. At around ₹169, that is a 3.6% yield on a stock down 20% in a year. What happened Q1 FY27 net profit rose 35% to ₹851 crore. The loan book grew 28.8% to ₹1,73,123 crore. Sanctions jumped 91% to ₹65,485 crore and disbursements rose 28% to ₹16,377 crore. Gross NPA fell to 0.96% from 1.34%. The cost of borrowing eased to 6.95%. A first interim dividend of ₹1.25 was declared for FY27. Why it matters FY26 profit of ₹4,034 crore looks huge, up 49%. But ₹1,460 crore of it came from a one-time deferred tax reversal. Strip that out and real profit was closer to ₹2,570 crore. In Q4 FY26, pre-tax profit fell 39% and the company booked a ₹466 crore fair value loss. My view The payout is safe. Dividends of ₹1,211 crore are 30% of reported profit, and still under half of the adjusted number. A 3.6% yield at 8 times earnings is not a stretched promise. The catch sits elsewhere. A lender growing its book 29% a year needs capital to match. HUDCO earns about 20% on equity but keeps only part of it. So the debt to equity ratio has climbed past 6 times. Either growth slows, or leverage rises, or the payout gets trimmed later to fund the balance sheet. For now the numbers support the dividend. Just do not expect both 29% loan growth and a rising payout for long. What I am watching Q2 FY27 results, due late October. The second interim dividend, the debt to equity ratio and any fair value losses on the book. On the chart, ₹159 is the 52-week low and support. My stance: Buy for yield near ₹165. This is an income holding, not a growth bet at this price. Disclosure: I do not hold a position in Housing and Urban Development Corporation Limited at the time of writing. This is not investment advice.

HUDCO Expands Industrial Infrastructure Funding in Bihar

HUDCO has signed an MoU with the Bihar government to provide long-term financing of up to ₹25,000 crore over five years for industrial infrastructure projects, primarily covering industrial parks, land acquisition and supporting infrastructure required to make sites ready for industrial use. The funding will be provided through term loans in tranches to a statutory authority designated by the state government, with individual projects governed by separate agreements detailing their scope and financing terms. The loans can have a tenure of up to 25 years, with provisions for moratoriums, flexible repayment schedules and early repayment. Bihar’s Infrastructure Development Authority will facilitate or implement the identified projects, including land acquisition, consolidation, development and construction of supporting infrastructure. Repayments may be serviced through project-generated revenues, other identified government receivables or the state budget. Importantly, the ₹25,000 crore represents a financing commitment and not an immediate disbursement, with funds expected to be drawn over five years based on project requirements and agreements. The MoU will remain valid for three years and will be reviewed annually, providing a framework for financing-led development of industrial infrastructure across Bihar. HUDCO Disclaimer: This post is for informational purposes only and not a recommendation to buy or sell any securities. I, or my family, associates, or relatives, may have a financial interest in the securities mentioned.

HUDCO ₹25,000 Crore Bihar Deal - Impact on Stock

HUDCO shares jumped nearly 4% today after the company signed an MoU with the Bihar government to provide financial assistance of up to ₹25,000 crore over five years. The funding will support industrial infrastructure, including land acquisition and the development of industrial parks across Bihar. Why This Deal Matters The latest agreement comes on top of HUDCO’s ₹1 lakh crore MoU with Bihar signed in July for urban infrastructure projects, including Greenfield Satellite Cities. Together, these agreements potentially position HUDCO as a major financing partner for Bihar’s infrastructure expansion, creating a sizeable multi-year lending opportunity. Under the latest MoU, loans will be taken in tranches by the designated state authority, with flexible repayment terms of up to 25 years. Repayment can be supported through project revenues, identified receivables or the state budget. My View The ₹25,000 crore headline number looks impressive, but investors should be careful not to treat an MoU as immediate revenue. The real trigger for HUDCO will be the conversion of this pipeline into sanctioned loans, actual disbursements and sustainable interest income. The bigger positive, in my view, is HUDCO’s increasing role in state-led infrastructure financing. If Bihar’s planned projects move from agreements to execution, they could support loan-book growth and earnings visibility over the coming years. However, execution remains key. Investors should track sanctioning pace, disbursements, asset quality, margins and the eventual impact on earnings rather than focusing only on the size of the MoUs. With the stock still down around 20% in 2026, the Bihar infrastructure pipeline could become an important catalyst for sentiment—but the market will ultimately want to see actual lending and earnings growth, not just commitments on paper.