Incorporated in 1985, Eldeco Housing and Industries Limited (EHIL) is a leading real estate developer primarily engaged in the promotion, construction, development, and sale of townships, residential, commercial properties, and developed plots. EHIL is a part of the Eldeco Group, which is one of North India's prominent real estate developers with expertise in housing and commercial spaces across Tier I, Tier II, and Tier III towns.
The Group was originally established as 'Eldeco Construction Pvt Ltd' in 1975 by S K Garg, a civil engineering lecturer-turned-technocrat businessman. Since then, the company has significantly contributed to the landscape of North India with various prestigious mini-cities, group housing projects, budget housing, and commercial complexes. EHIL's success is largely driven by its timely delivery of quality projects and exceptional customer service.
The company operates across multiple segments within the real estate development sector. Eldeco Housing & Industries Ltd has delivered approximately 200 projects to date and currently has 32 projects under execution. Their expertise spans housing and commercial spaces in various urban tiers.
Eldeco's construction capabilities have grown substantially over the decades, with its construction experience expanding from 18,000 Sq. Ft. to an impressive 120 lakh Sq. Ft. The company has already completed 45 projects in cities like Lucknow, Kanpur, Agra, and Ghaziabad, with 18 more currently under construction.
The company's current project portfolio includes diverse developments such as integrated townships, group housing projects, and commercial complexes. Notable projects include:
- Eldeco City: An integrated township spanning 133 Acres at I.I.M. Road, Lucknow.
- Eldeco Saubhagyam: A group housing project covering approximately 11.9 lakh square feet (sq.ft.).
- Eldeco Eternia: A group housing project of over 4.30 lakh sq. ft.
- Eldeco Shaurya: A 43-acre residential township project.
- Eldeco Regalia: A 33-acre mini township project.
Eldeco Housing & Industries Ltd currently has a market capitalization of ₹789 Crore as of July 2025, classifying it as a Small Cap company. The stock's 52-week high is ₹1,075.00, while its 52-week low stands at ₹658.10.
The company's financial performance shows a mixed picture, with strong operational gains in some areas despite quarterly profit fluctuations.
#### Latest Quarterly Results:
- Q4 FY25 Results:
- Revenue: ₹37.61 Cr, a -27.07% fall year-over-year.
- Net Profit: ₹3.24 Cr, a -72.31% fall year-over-year.
- Q2 FY25 Results:
- Profit after tax: ₹45.1 million, down from ₹64.1 million in Q2 FY24.
- Net consolidated total income: ₹363.8 million, a substantial increase of 95.07% year-over-year.
- Booking value surged 316% to ₹1.03 billion, with an average price realization of ₹6,581 per square foot.
- Collections for the quarter stood at ₹519 million.
- Q1 FY25 Results:
- Booking value: ₹59.1 crores, an 89% year-over-year increase.
- Collections: ₹55.3 crores, a 117% year-over-year increase.
#### Annual Performance:
On a trailing 12-month basis, Eldeco Housing & Industries has an operating revenue of ₹146.42 Cr. While an annual revenue de-growth of -13% needs improvement, the company boasts a great pre-tax margin of 40%. Its Return on Equity (ROE) of 9% is fair but also indicates room for improvement.
- Market Capitalization: ₹789 Crore (as of July 2025)
- 52-week High: ₹1,075.00
- 52-week Low: ₹658.10
- Latest PE Ratio: 36.51 (as of Jul 10, 2025)
- Latest PB Ratio: 0.49 (as of Jul 10, 2025)
- ROCE: 7.29 %
- ROE: 5.70 % (with a 3-year average of 9.40%)
The company is actively expanding its land bank for future projects. During a recent period, it acquired an additional 3.84 acres of land, expanding its total land aggregation for new township projects to 65 acres. Eldeco plans to seek approvals for approximately 45 acres soon, with the potential to generate revenue exceeding ₹6 billion. This strategic expansion of its land bank positions the company for significant future development and revenue generation.
The company is led by Pankaj Bajaj, who serves as Chairman, and Chandni Vij, the Company Secretary for Eldeco Housing & Industries Ltd. As part of the Eldeco Group, which has a strong presence across North India, the company maintains an uninterrupted dividend-paying track record since its inception, reflecting its commitment to shareholder returns.
On May 27, 2025, Eldeco Housing shifted its registered office from Uttar Pradesh to Haryana, with the new CIN effective May 26, 2025. This indicates a strategic repositioning of the company's corporate structure, potentially to optimize operations or leverage regional advantages.
Eldeco Housing & Industries Ltd operates in a competitive real estate market, facing challenges from market cyclicality and regulatory changes. However, its established presence in North India, diversified project portfolio, and consistent focus on quality delivery position it well to capitalize on future growth opportunities in the expanding Indian real estate sector.
