Housing & Urban Development Corporation Share Price

Housing & Urban Development Corporation Ltd.

"Profitability with Social Justice" is the motto that sets HUDCO apart as a distinctive organisation. Under the Ministry of Housing and Urban Affairs, HUDCO is a public sector firm that has been instrumental in helping the government assets of the nation. In its operations, HUDCO places a strong focus on housing needs for the "deprived" or Economically Weak Sectors (EWS) and Low-Income Groups (LIG).

The Housing and Urban Development Corporation Ltd. (HUDCO) is our nation's leading public sector organisation for technological housing and infrastructure development financing. Today, HUDCO has paid up Rs. 2,001.90 crore equity and an allowed capital of Rs. 2,500 crore. HUDCO bonus share

About Housing & Urban Development Corporation Ltd.

On April 25, 1970, the Company obtained a certificate of incorporation from the Registrar of Companies Delhi as ‘The Housing and Urban Development Finance Corporation Private Limited’; the Company is a Private Limited company under the Companies Act 1956. It was then called ‘Housing and Urban Development Corporation Limited’, and a new certificate was incorporated on the above-stated date, issued by the then Registrar of Companies Delhi & Haryana.

The Department of Company Affairs, Government of India Ministry of Finance, through a letter reference No. 17/01/1988 – RC/PL. , dated December 9, 1996, informed the Company that it was among public financial institutions under Section 4A of the Companies Act 1956.

Housing Finance Industry Overview

The housing finance sector makes funding for buying or building homes easier in India. It plays a crucial role in advancing homeownership by providing customised loan packages. Thanks to these loans, which usually cover a sizeable portion of the cost of the property, people can buy homes without having to pay the total sum upfront.

Banks, financial institutions, and housing financing firms are critical participants in this market with competitive interest rates and adaptable repayment plans. Several factors, including government programs, rising disposable incomes, and urbanisation, have contributed to the industry's recent expansion.

Housing & Urban Development Corporation Ltd competitors

Here is the Housing & Urban Development Corporation Ltd competitors:

• Bajaj Finance Ltd
• Bajaj Finserv Ltd
• Indian Railway Finance Corporation Ltd
• Jio Financial Services Ltd
• Power Finance Corporation Ltd

HUDCO share price history

• 1970 - Company established.
• 1977 - Introduction of rural housing schemes.
• 1986 - Establishment of Human Settlement Management Institute.
• 1988 - Commencement of urban infrastructure financing.
• 1996 - Designation as a public financial institution.
• 1999 - Initiation of retail financing under HUDCO Niwas brand.
• 2004 - Attainment of "Mini-Ratna Status".
• 2012 - Profit after Tax (PAT) surpasses Rs. 6,000 million. Raised Rs. 50,000 million through tax-free bonds.
• 2013 - PAT exceeds Rs. 7,000 million. Raised Rs. 24,013.50 million through tax-free bonds.
• 2014 - Raised Rs. 49,871.20 million through tax-free bonds.
• 2016 - Raised Rs. 50,000 million through tax-free bonds.
• 2018 - HUDCO Women's Team wins IHC Table Tennis Tournament. HUDCO receives the Digital Leader Award for Excellence.
• 2019 - HUDCO receives a prestigious 6th Annual Greentech CSR Conference award.

Company Profile – Strengths and Weaknesses

Strengths

• Stocks Performing Better During the Quarter in Terms of Industry Price Change
• Net cash flow has improved over the last 2 years
• Book value has also improved in the last 2 years
• Company with zero promoter pledge

Weakness

• Businesses with high debt
• Poor cash generated from core business

The financials

Shareholding pattern of Housing & Urban Development Ltd

Here is the shareholding pattern of Housing & Urban Development Ltd:

• Promoters: 81.81%
• FII: 0.21%
• DII: 7.96%
• Public: 10.02%
• Others: 0%

Peer comparison