Horizon Industrial Parks Limited share price
NSE: HORIZONIND · ISIN INE685T01010
Key numbers
- Market cap
- ₹ 14,564 Cr
- Current price
- ₹ 50.52
- 52-week high / low
- ₹ 60 / 50
- Stock P/E
- -
- Book value
- ₹ 23.1
- Dividend yield
- 0.00%
- ROCE
- 3.2%
- ROE
- -4.9%
- Debt to equity
- 1.26
- Sales growth (3 yrs)
- 22.0%
- Profit growth (3 yrs)
- -
- 1-year return
- -
About Horizon Industrial Parks Limited
Horizon Industrial Parks Limited engaged in the business of developing, operating, and maintaining industrial and warehousing parks in India. It offers industrial and logistic parks, fulfillment centers and industrial facilities, and in-city centers. The company also offers turnkey solutions, energy solutions, on-site staff accommodation and skill development centers, cold storage, and hospitality. It caters to the auto, engineering and aerospace, logistics and supply chain, FMCG and retail, packaging, e-commerce, energy, and chemicals industries. The company was incorporated in 2009 and is based in Mumbai, India.
Quarterly results
Consolidated figures in ₹ crores
| Jun 2025 | Jun 2026 | |
|---|---|---|
| Sales | 163 | 201 |
| Operating profit | 114 | 161 |
| Net profit | -64 | -10 |
| EPS (₹) | -0.33 | -0.04 |
Concall summary (2026-09-13)
AI summary of the earnings call transcript · tone: Positive · source document
Guidance & outlook
- Horizon Industrial Parks Limited September 11, 2026 On the development side, we are on track to deliver 6.5 million square feet leasing for FY27, which will translate nearly to about a 30% growth compared to the last fiscal.
- This quarter, we delivered 1 million square feet and are on track to achieve our 6 million square feet completion target for this fiscal.
Growth & demand
- We delivered revenue of INR200 crores, representing 23% year-on-year growth, EBITDA of INR161 crores while maintaining a very healthy EBITDA margin at 80%.
- We onboarded nine new customers and added INR65 crores to our contracted revenue kitty.
Margins & costs
- Our EBITDA reached INR161 crores, up 36% year -on- year, and our EBITDA margins expanded to 80%.
- So, even after sharing the revenue share with CWC, we'll be tracking close to 13% to 14% yield on costs on our in-city assets, whereas we've been going on a 11% to 12% yield on cost on our big- format parks, which is a mix of industrial and warehousing.
Capex & expansion
- Horizon has achieved a remarkable sixfold expansion, growing to 61 million square feet, making us India's largest industrial and logistics real estate platform.
- So, Pritesh, in the last 5 years, as you would have seen from our own growth trajectory, we've grown from 10 million square feet to 60 million square feet in 6 years, and we've had opportunities on both, consolidating some of these sub-scale platforms, but also, we've acquired greenfield land parcels.
Balance sheet & cash
- The proceeds have been deployed for deleveraging, which brings our net debt down to INR2,500 crores, proforma as of end -June or 12.5% of enterprise value.
- It's important to appreciate that our cash depreciation in business is negligible given our new assets, and there will be significant interest savings post the INR3,900 crores of deleveraging.
Peers in Real Estate - Development
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