Housing & Urban Development Corporation Ltd (HUDCO) is a Mini Ratna Category-I Central Public Sector Enterprise under the administrative control of the Ministry of Housing and Urban Affairs, Government of India. Established in 1970, HUDCO finances housing and urban infrastructure projects across India, with a strong focus on affordable housing, smart cities, and social infrastructure. It also provides consultancy services for large-scale urban development programs. With consistent profitability, a healthy dividend policy, and strategic alignment with national housing missions like PMAY, HUDCO remains a key player in India’s urban transformation. This article provides a data-backed outlook on the HUDCO share price target 2026–2030.
Housing & Urban Development Corporation Ltd: Company Overview
- Founded: 1970
- Headquarters: New Delhi
- Key Segments: Housing Finance, Urban Infrastructure Financing, Project Consultancy
- Strategic Role: Finances low-cost housing, water supply, roads, and civic amenities; supports PMAY and Smart Cities Mission
- Ownership: 75% held by the Government of India → Yes, it is a government company
HUDCO operates as a public financial institution with a developmental mandate. Unlike commercial banks or NBFCs, it prioritizes social impact alongside financial sustainability, making it a unique PSU in the financial services space.
Housing & Urban Development Corporation Ltd: Key Financial Snapshot
| Metric | Value |
|---|---|
| Current Share Price | ₹196.00 |
| Market Capitalization | ₹39,229.23 Cr |
| No. of Shares Outstanding | 200.19 Cr |
| 52-Week High / Low | ₹254 / ₹159 |
| P/E Ratio (TTM) | 14.00 |
| P/B Ratio | 2.17 |
| EPS (TTM) | ₹14.00 |
| Book Value (TTM) | ₹90.10 |
| ROE | 15.67% |
| ROCE | 9.62% |
| Dividend Yield | 2.12% |
| Face Value | ₹10 |
| Operating Revenue | ₹10,311.29 Cr |
| Net Profit | ₹2,709.14 Cr |
| Sales Growth (YoY) | 32.46% |
| Profit Growth (YoY) | 27.99% |
| Promoter Holding | 75.00% |
Housing & Urban Development Corporation Ltd Share Price Target Forecast (2026–2030)
| Year | Target Price Range (₹) |
|---|---|
| 2026 | ₹210 – ₹240 |
| 2027 | ₹225 – ₹265 |
| 2028 | ₹240 – ₹290 |
| 2029 | ₹255 – ₹320 |
| 2030 | ₹270 – ₹350 |
Housing & Urban Development Corporation Ltd Share Price Target 2026
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2026 | ₹210 | ₹240 |
HUDCO reported 27.99% profit growth and 32.46% revenue growth in FY2025, driven by strong disbursements under PMAY and increased urban infrastructure lending. Trading at a P/E of 14x—slightly below the PSU financial sector average—the stock appears fairly valued. With a healthy ROE (15.67%) and consistent dividends, it offers defensive appeal. A 2026 target of ₹210–₹240 assumes continued policy support and stable asset quality.
Housing & Urban Development Corporation Ltd Share Price Target 2027
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2027 | ₹225 | ₹265 |
The government’s continued focus on “Housing for All” and urban rejuvenation ensures long-term demand for HUDCO’s services. If earnings grow at 15–18% CAGR and the dividend payout remains near 38%, investor interest could rise. Assuming EPS of ₹15.50–₹17.00 by FY27 and P/E of 14.5–15x, the 2027 range of ₹225–₹265 is realistic.
Housing & Urban Development Corporation Ltd Share Price Target 2028
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2028 | ₹240 | ₹290 |
By 2028, benefits from a higher loan book scale and fee-based consultancy should support margin stability. While ROCE (9.62%) remains modest due to the developmental nature of its business, capital efficiency is improving. A P/E of 15–16x on projected EPS (~₹16–₹18) supports the ₹240–₹290 band.
Housing & Urban Development Corporation Ltd Share Price Target 2029
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2029 | ₹255 | ₹320 |
Long-term tailwinds include India’s urbanization push (urban population to cross 40% by 2030) and rising central/state capex on civic infrastructure. Risks include interest rate volatility and execution delays in state-level projects. Using a P/E of 15.5–16.5x on FY29 EPS (~₹16.50–₹19), the 2029 target is ₹255–₹320.
Housing & Urban Development Corporation Ltd Share Price Target 2030
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2030 | ₹270 | ₹350 |
Over a five-year horizon, HUDCO’s value lies in its irreplaceable role in national housing policy, not high growth. As a profitable, dividend-paying PSU with zero credit risk, it offers steady compounding. A terminal P/E of 16–17x on FY30 EPS (~₹17–₹20.50) justifies the ₹270–₹350 range.
Housing & Urban Development Corporation Ltd: Shareholding Pattern
| Category | Holding (%) |
|---|---|
| Promoters (Government of India) | 75.00% |
| Domestic Institutional Investors (DII) | 11.46% |
| Public & Retail | 11.57% |
| Foreign Institutional Investors (FII) | 1.97% |
| Others | 0% |
High promoter holding ensures policy continuity, while retail participation reflects public trust in this iconic PSU.
Housing & Urban Development Corporation Ltd: Strengths vs Risks
Strengths:
- Consistent profitability: 27.99% YoY profit growth, 15.67% ROE
- Strong dividend yield (2.12%) with ~38% payout ratio
- Zero NPA concerns (developmental lender with sovereign backing)
- Strategic alignment with PMAY, Smart Cities, and AMRUT schemes
Risks:
- Modest ROCE (9.62%) due to low-margin, high-volume model
- Exposure to fiscal policy shifts and state government repayment delays
- Limited upside compared to private-sector financials
- P/B of 2.17x is rich for a PSU with slow sales growth historically
Investment Suitability
| Factor | Assessment |
|---|---|
| Risk Profile | Low to Moderate |
| Ideal Time Horizon | 3–5+ years |
| Volatility | Lower than market average (PSU financial stock) |
| Dividend/Income Potential | Yes (2.12% yield + consistent payouts) |
| Best For | Conservative investors seeking PSU exposure with income and policy tailwinds |
Final Verdict
HUDCO combines social purpose with financial prudence. While it won’t deliver explosive returns, its consistent profits, shareholder-friendly dividends, and strategic relevance in India’s urban development make it a solid long-term holding. Our HUDCO share price target 2026–2030 (₹210 to ₹350) reflects steady appreciation driven by policy tailwinds and income, not speculation.
Disclaimer: Price targets are estimates based on publicly available data and sector analysis. They are not investment advice. Consult a SEBI-registered advisor before making decisions.
Sources
- Screener.in – HUDCO Consolidated Page (FY2025 + TTM)
- Finology Ticker – HUDCO Financial Ratios & Valuation
- HUDCO Investor Presentation (Q2 FY26, Oct 2025)
- BSE India – Annual Report FY2025
- Ministry of Housing & Urban Affairs – PMAY Progress Dashboard
