HORIZONINDConsumer Discretionary

Horizon Industrial Parks Limited

Residential, Commercial Projects · ISIN INE685T01010 · BSE 544880 · NSE EQ · FV ₹10
Last price
₹44
+2.80%today
What this company does

Horizon Industrial Parks Limited operates in Residential, Commercial Projects, part of the Consumer Discretionary sector. It booked ₹215 cr of revenue in its latest quarter (Q2 FY27) and kept 7.1% of sales as profit.

40out of 100
Equitytale Health Score
Strained

Healthier than 40% of companies in Consumer Discretionary, on the 4 of 6 measures we could read for it. Each measure is ranked against the 323–428 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
35

At close. Not part of the score.

Profitability & returns34

How much profit it earns on the money it employs

Balance sheet35

How much it owes, and whether earnings cover the interest

Valuation22

What today's price implies, against our models or its peers

Governance & risk88

How much of the promoters' stake is pledged, and how much they hold

Not measurable for this company: cash quality, growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Promoters hold 75%
✓ No promoter shares pledged
✓ Turns profit into real cash
Watch-outs
! Thin 7.1% net margin
! Low 0.8% return on equity

What if I invest in HORIZONIND?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹44▲ +2.80%
latest close · 2026-11-04
52-wk low ₹4150 sessions so far52-wk high ₹60
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio184.8High
LowAverageHigh
P/B ratio1.57Moderate
Below bookModerateHigh
EV / EBITDA18.6High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity0.8%Weak
WeakFairStrong ▸15%
Return on capital4.2%Weak
WeakFairStrong
Net margin7.1%Decent
ThinDecentStrong
EBITDA margin98.0%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.42Comfortable
LowModerateHigh ▸1
Interest cover1.1×Risky
RiskyOkayStrong ▸5×
Current ratio1.49Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹12,786 cr
Book value
₹28
EPS
₹0.06
latest quarter
Net debt
₹2,885 cr
owes more than its cash
Enterprise value
₹15,671 cr
EBITDA
₹843 cr
annualised
EBIT
₹502 cr
annualised
Operating margin
58.4%
Return on assets
0.5%
Earnings yield
0.54%
P/S
14.87
Sales / share
₹3.0
Tax rate
-27.3%
Face value
₹10
Shares
288.3 cr
Working capital
₹333 cr
Current assets
₹1,006 cr
Current liabilities
₹673 cr
Delivery %
59.2%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
We haven't parsed this company's annual profit history yet — common for banks and insurers, whose results file in a different format — so we can't value it off earnings.

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹215 cr
Other Income₹37 cr
Total Income₹252 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹7 cr
Finance Costs₹116 cr
Depreciation & Amortisation₹85 cr
Other Expenses₹34 cr
Total Expenses₹242 cr
Profit before Tax₹10 cr
Tax Expense₹-3 cr
Share of JV / Associates₹1 cr
Net Profit₹14 cr
Net margin on total income5.5%
Where the money goes · Q2 FY27
% of total income
Employee benefit expense₹7 cr2.9%
Finance costs₹116 cr45.1%
Depreciation & amortisation₹85 cr33.3%
Other expenses₹34 cr13.3%
Profit for the period₹14 cr5.4%
Total income ₹252 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ1 FY27Q2 FY27
Revenue201 cr215 cr
Total income241 cr252 cr
Expenses247 cr242 cr
Profit before tax-7 cr10 cr
Tax5 cr-3 cr
Net profit (owners' share)-10 cr15 cr
Net margin (owners' share, on revenue)-5.1%7.1%
EPS (₹)-0.040.06
Balance sheet & cash flow · as of Sep 2026
Low debt
Total assets
₹12,642 cr
Shareholder equity
₹8,152 cr
parent shareholders
Total debt
₹3,532 cr
Cash
₹647 cr
Cash flow · H1 FY27
Operating
₹291 cr
Investing
₹810 cr
Financing
₹-1,093 cr
Peer comparison
Residential, Commercial Projects · by market value
CompanyPriceMarket capP/E
DLF Limited₹709₹1.75 L cr33.8
Aditya Birla Real Estate Limited₹1,036₹1.27 L cr34.5
Lodha Developers Limited₹1,061₹1.06 L cr26.2
The Phoenix Mills Limited₹2,049₹73,277 cr56.2
Prestige Estates Projects Limited₹1,537₹66,199 cr70.1
Oberoi Realty Limited₹1,677₹60,976 cr20.0
Godrej Properties Limited₹1,670₹47,434 cr81.5
Brigade Enterprises Limited₹527₹17,189 cr22.2
Anant Raj Limited₹444₹15,967 cr25.4
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-09-30
No pledge
Promoter
75.4%
FII / Foreign
5.3%
DII / Domestic
11.6%
Retail / others
7.7%
Smart-money activity
Stake changes
BoughtDeutsche Bank AG, Singapore Branch→ 75.40% · 217.37 cr28 Sep 26
Promoter pledges
PledgedDB International Trust (Singapore) Limited as the offshore security agent (for the benefit of the Lenders)81.89 cr · 0.00% held28 Sep 26
What shareholders were asked to approve
1 proposal passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 30 Sep 2026
See the official result
1
To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended 31 March 2026, together with the reports of the Board of Directors (the "Board") and Statutory Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
34.70 cr votes for, 2,906 against · 0% of mutual funds and other big investors said no
2
To receive, consider and adopt the audited consolidated financial statements of the Company for the financial year ended 31 March 2026, together with the report of Statutory Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
34.70 cr votes for, 2,906 against · 0% of mutual funds and other big investors said no
3
To appoint a director in place of Mr. Asheesh Mohta (DIN: 00358583), who retires by rotation and being eligible offers himself for re-appointment.
Backed by 63% of shareholders other than promotersneeded 50%
21.88 cr votes for, 12.83 cr against · 42% of mutual funds and other big investors said no
4
To approve Horizon Industrial Parks Limited Employee Stock Option Plan 2025
⚑ Passed only because promoters voted yes
Backed by 63% of shareholders other than promotersneeded 75%
21.71 cr votes for, 12.99 cr against · 43% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 7 named members
owning 75.4% between them · as of 2026-09-30
BREP ASIA III INDIA HOLDING CO III PTE. LTD.28.65%
BREP ASIA II EIP HOLDING (NQ) PTE. LTD.28.40%
BREP ASIA II INDIAN HOLDING CO VI (NQ) PTE. LTD.18.35%
BREP Asia II Holdings IV Pte. Limitedno shares
BREP Asia III Holdings IV Pte. Ltd.no shares
BREP Asia II Indian Holding Co I (NQ) Pte. Ltd.no shares
BREP ASIA II INDIAN HOLDING CO VII (NQ) PTE LTDno shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹2,600 cr raised in Aug 2026 by selling shares to the public

The company has not broken this money down into purposes in its filing for Sep 2026, so there is nothing to measure it against yet. CARE Ratings Limited watches the spending on the exchange’s behalf.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.