HEMIPROP

Construction - Real Estate

₹143.05

0.00 (0.00%)

Market Cap	4,019 Cr		EPS	-0.2		High	145.8
Stock P/E	0.0		Net Profit Margin	-1.5K		Low	141.75

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Performance

Today’s Low

Today’s High

141.75

145.8

52W Low

52W High

79.9

146.4

Open Price	141.95	Volume	4,725
Prev. Close	141.1

Fundamentals

Market Cap	4,019 Cr	ROE	-1.8%
P/E Ratio(TTM)	0.0	EPS(TTM)	0.0
P/B Ratio	11.1	Dividend Yield	0.0%
Industry P/E	66.5	Book Value	12.7
		Face Value	10.0

About the Company

Hemisphere Properties India Limited was incorporated in 2005 as a real estate company and was formed as part of the disinvestment exercise carried out by the Government of India in respect of its holdings in the erstwhile VSNL (currently known as Tata Communications Limited). In 2002, the Government of India conducted a disinvestment exercise in respect of 25% of its shareholding in the equity share capital of VSNL, wherein in terms of the bid for the disinvestment required a separate value to be ascribed to lands.

The intent of incorporation of the company is to transfer the surplus land of erstwhile Videsh Sanchar Nigam Limited into the company and develop these lands under the objectives set out Memorandum of Association. After the years of struggle and due process the land is finally hived off into the company.

Business area of the company

The company’s objective is to construct, acquire, hold, manage, develop, administer, protect, reserve and to deal in any other manner with properties, including sale and purchase thereof, whether such properties are in the nature of land or building (semi-constructed or fully constructed) or partially land and partially buildings, anywhere in India.