Aug 1, 2014

Housing Development & Infrastructure: Value and Growth Stocks

Here is another infrastructure company, which is called Housing Development & Infrastructure. It has reported a 3.5 times growth in consolidated net profit at Rs 56.7 crore in the quarter ended June 2014 supported by strong operational performance and revenue growth. Net profit in the year-ago period was Rs 16.2 crore.

More about the recent quarter result of HDIL here.

New NDA govt keep talking about infrastructure and you may be thinking to invest in any infra companies to be part of development and gain money. So, this is a good company.
P/E = 14.04 (29.11 is industry PE)
P/B = 0.37

It operates in slum rehabilitation as well. NDA govt has plan to work in this area. Now, with recent big jump in profit, there is no reason to doubt that you are going to gain in this infra stock. Earlier also this company was at good condition.

Debt is a big issue for many infra companies. HDIL's debt/Asset ratio is quite impressive: 16.41.