Horizon Industrial Parks share price
NSE: HORIZONINDBSE: 544880Realty
Horizon Industrial Parks Limited · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Aug 2026 · Issue price ₹60
Last close ₹43.66down ₹4.72 (9.76%)BSE ₹43.70
Share price at the NSE close on 30 Oct 2026. Previous close ₹48.38.
30 Oct: open ₹46.36, high ₹47.00, low ₹43.55
Range of traded prices from listing on 24 Aug 2026 to 30 Oct 2026
₹41.44Low, 26 Oct 2026₹60.25High, 24 Aug 2026
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. Market capitalisation: how it is worked out
- ₹12,587 Cr
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- No full year
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 1.54
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonesince listing in Aug 2026
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 0.42
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 1,54,26,61447.8% delivered
About Horizon Industrial Parks
Horizon Industrial Parks Limited develops, operates and manages industrial parks, fulfilment centres and multi-use in-city logistics centres across India.12 Its tenants include e-commerce, quick commerce, third-party logistics, FMCG (fast-moving consumer goods), retail, automotive, renewable energy and packaging companies, which use the space as their main plants or distribution centres.34
It has 3 core offerings: fulfilment centres for bulk storage and distribution, built-to-suit (built to one tenant's design) and plug-and-play (ready to occupy) industrial facilities for assembly, light engineering and manufacturing, and multi-use in-city centres.5 Around these it offers fit-outs (interiors built for the tenant), rooftop solar, cold storage and staff accommodation.4 The company reports a single business segment, real estate development, and operates in India alone.6
It was incorporated in 2009.7 Its chief executive said Horizon was established in 2020, as part of Blackstone's long-running investment in logistics, to build industrial and logistics infrastructure at scale.8 BRE Asia Urban Holdings Ltd and BRE Asia III India Holdings Limited merged into the company under schemes of amalgamation (court-approved mergers) effective 5 May 2025 and 28 July 2025.910
BREP Asia II EIP Holding (NQ) Pte Ltd held 100% of the company at 31 March 2025; after share allotments in the following year, no single entity was its holding company at 31 March 2026.11 Blackstone sold no shares when the company raised capital before and at its listing, its chief executive said.12
Horizon Industrial Parks key points
Results
- In the quarter to Jun 2026, revenue rose 23% from a year earlier to ₹2,005 million and operational EBITDA (earnings before interest, tax, depreciation and amortisation) rose 36% to ₹1,610 million, a margin of 80%.1314
- The company reported a net loss of ₹12 crore for the quarter to Jun 2026; its cash profit, which it defines as reported profit plus depreciation, was ₹649 million.151416
- In the year to Mar 2026, revenue from operations rose 77% to ₹6,914 million from ₹3,903 million, and rental income rose 74% to ₹6,462 million.1718
- The company reported a loss for the year to Mar 2026, mainly from finance costs on bank borrowings and optionally convertible debentures (loans that can turn into shares).18
Parks and land bank
- The network covered about 61 million square feet across 46 assets in 10 cities in June 2026, including about 30 million square feet in operation and about 2,300 acres of land bank (land held for future building).19
- Its markets include Delhi NCR, Mumbai, Bengaluru, Chennai, Pune, Hyderabad and Ahmedabad, and it has entered Nagpur, Goa and Nashik.2021
- Occupancy on the stabilised portfolio, which leaves out 1.6 million square feet completed in the previous 6 months, was 96% in June 2026; on its call the company gave a weighted average lease life (WALL) of about 7.1 years.2223
In-city centres
- The in-city network has 17 assets across 7 major cities, within a 30-minute drive of more than 20 million consumers.24
- Its in-city sites come largely from a partnership with Central Warehousing Corporation, on a 45-year concession with revenue shared with the corporation.2526
- In-city centres serve last-mile delivery stations, dark stores, cold storage and service centres, and the company says their rents are 2 to 3 times those of its large-format parks.25
Leasing
- In the quarter to Jun 2026, the company signed leases and letters of intent for 1.9 million square feet, mostly with industrial customers, added 9 new customers and completed 0.9 million square feet of new buildings.272829
- Annualised contracted facility revenue, which the company calls its contracted revenue run-rate, was ₹9,670 million as of June 2026, on 29.3 million square feet including 2.4 million square feet leased before completion.30
- Leases carry contractual rent increases of about 5% a year; in the quarter to Jun 2026, 0.3 million square feet was re-leased at rents 12% above the expiring leases.3129
Customers and partners
Debt
- On a proforma basis (counting debt repaid from its listing proceeds as already repaid), net debt (borrowings less cash) was ₹24,752 million at June 2026, about 12.5% of enterprise value (share value plus net debt) at the IPO valuation.3435
- On its earnings call of 11 Sep 2026, the company said its average cost of debt was about 8.2% and that it expects to cut it by 40 to 50 basis points (hundredths of a percentage point).36
- On its earnings call of 11 Sep 2026, the company said it expects capital spending of ₹1,500 crore to ₹2,000 crore over the next 3 years, about 1/3 from internal cash and 2/3 from new debt.3738
What the company expects
- In its presentation of 11 Sep 2026, the company said it is on track to complete about 6 million square feet of development and lease about 6.5 million square feet in the year to Mar 2027.39
- On its earnings call of 11 Sep 2026, the company said it expects its reported results to show a profit from the quarter to Sep 2026 or the quarter to Dec 2026.40
- On its earnings call of 11 Sep 2026, the company said it expects its in-city strategy to deliver 6 million square feet over the next 3 years.41
- On its earnings call of 11 Sep 2026, the company said it expects value-added services such as rooftop solar and worker accommodation to bring in about 5% to 10% of revenue in the next 5 years.4142
Recent events
- The company's shares listed on the NSE and BSE on 24 Aug 2026; it raised ₹26,000 million through new shares in its initial public offering (IPO) and ₹42,500 million in all, including a ₹16,500 million pre-IPO placement.4344
- On 25 Jul 2025, the board approved buying stakes in Juturna Developers and Talegaon Industrial Parks, companies with operating parks, from BREP Asia II Indian Holding Co I (NQ) Pte. Ltd.; the company held 80% of each at 31 March 2026.4546
Last updated
All 46 sources, each with its page
- 1. Annual report, 9 Sep 2026, page 63
- 2. Annual report, 9 Sep 2026, page 254
- 3. Annual report, 9 Sep 2026, page 255
- 4. Annual report, 9 Sep 2026, page 64
- 5. Investor presentation, 11 Sep 2026, page 22
- 6. Annual report, 9 Sep 2026, page 292
- 7. Annual report, 9 Sep 2026, page 201
- 8. Earnings call, 11 Sep 2026, page 3
- 9. Annual report, 9 Sep 2026, page 219
- 10. Annual report, 9 Sep 2026, page 234
- 11. Annual report, 9 Sep 2026, page 226
- 12. Earnings call, 11 Sep 2026, page 11
- 13. Investor presentation, 11 Sep 2026, page 2
- 14. Investor presentation, 11 Sep 2026, page 23
- 15. Earnings call, 11 Sep 2026, page 5
- 16. Investor presentation, 11 Sep 2026, page 10
- 17. Annual report, 9 Sep 2026, page 254
- 18. Annual report, 9 Sep 2026, page 258
- 19. Investor presentation, 11 Sep 2026, page 3
- 20. Annual report, 9 Sep 2026, page 254
- 21. Earnings call, 11 Sep 2026, page 11
- 22. Investor presentation, 11 Sep 2026, page 7
- 23. Earnings call, 11 Sep 2026, page 6
- 24. Earnings call, 11 Sep 2026, page 4
- 25. Annual report, 9 Sep 2026, page 78
- 26. Earnings call, 11 Sep 2026, page 7
- 27. Investor presentation, 11 Sep 2026, page 2
- 28. Investor presentation, 11 Sep 2026, page 13
- 29. Investor presentation, 11 Sep 2026, page 12
- 30. Investor presentation, 11 Sep 2026, page 10
- 31. Investor presentation, 11 Sep 2026, page 16
- 32. Investor presentation, 11 Sep 2026, page 7
- 33. Earnings call, 11 Sep 2026, page 4
- 34. Investor presentation, 11 Sep 2026, page 8
- 35. Investor presentation, 11 Sep 2026, page 11
- 36. Earnings call, 11 Sep 2026, page 9
- 37. Earnings call, 11 Sep 2026, page 8
- 38. Earnings call, 11 Sep 2026, page 9
- 39. Investor presentation, 11 Sep 2026, page 15
- 40. Earnings call, 11 Sep 2026, page 17
- 41. Earnings call, 11 Sep 2026, page 5
- 42. Earnings call, 11 Sep 2026, page 6
- 43. Annual report, 9 Sep 2026, page 12
- 44. Investor presentation, 11 Sep 2026, page 8
- 45. Annual report, 9 Sep 2026, page 224
- 46. Annual report, 9 Sep 2026, page 254
Results
Consolidated; ₹ crore; no annual accounts on record yet.Horizon Industrial Parks quarterly results
Quarter to Sep 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹215 Crup 7.20%
- Net profitNet profit. Under it, net profit in the quarter before. A change in per cent is not worked out where either period is a loss or nothing. Net profit in the glossary
- ₹14 CrQuarter to Jun 2026: −₹12 Cr
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 6.5%
Revenue by quarter
Peak revenue ₹215 Cr, quarter to Sep 2026; lowest ₹201 Cr, quarter to Jun 2026
Net profit by quarter, a loss in red
- Net profit
- Loss
Back to profit in the quarter to Sep 2026, ₹14 Cr
| ₹ crore | Jun 2026 | Sep 2026 |
|---|---|---|
| Revenue | 201 | 215 |
| Net profit | −12 | 14 |
| Net margin | −5.8% | 6.5% |
Consolidated. The 2 quarters from Jun 2026, the first on record. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Business segments
In the quarter to Sep 2026 the company reports one business segment, Construction and Leasing of industrial and logistic spaces, which carries all its revenue.
Mutual fund holdings
27 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before.All 27 funds holding Horizon Industrial Parks
- AddedAdded. Funds that held more shares than at the end of the month before.
- 2
- CutCut. Funds that held fewer shares than at the end of the month before.
- 5
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 20
| Fund | |||
|---|---|---|---|
 Sundaram Aggressive Hybrid FundSundaram Mutual Fund | 1,55,94,520 | 0.89% | ₹78.4 Cr |
 PGIM India Midcap FundPGIM India Mutual Fund | 1,15,02,000 | 0.55% | ₹57.8 Cr |
 JM Flexi Cap FundJM Financial Mutual Fund | 92,10,885 | 0.92% | ₹46.3 Cr |
| PGIM India Flexi Cap FundPGIM India Mutual Fund | 55,19,131 | 0.50% | ₹27.8 Cr |
| Sundaram Multi Asset Allocation FundSundaram Mutual Fund | 53,70,711 | 0.84% | ₹27.0 Cr |
 WhiteOak Capital Flexi Cap FundWhiteOak Capital Mutual Fund | 38,85,510 | 0.21% | ₹19.5 Cr |
| WhiteOak Capital Mid Cap FundWhiteOak Capital Mutual Fund | 29,33,181 | 0.20% | ₹14.7 Cr |
| Sundaram Dynamic Asset Allocation FundSundaram Mutual Fund | 25,05,991 | 0.79% | ₹12.6 Cr |
 Edelweiss Recently Listed IPO FundEdelweiss Mutual Fund | 20,95,680 | 0.83% | ₹10.5 Cr |
 360 ONE Flexicap Fund360 One Mutual Fund | 20,83,000 | 0.47% | ₹10.5 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Horizon Industrial Parks competitors and peers
Residential, Commercial Projects, 171 listed companies, priced on 30 Oct 2026. The table lists the 8 companies closest to Horizon Industrial Parks in market cap.Real estate companies
Horizon Industrial Parks is not on the chart: it has no P/E or return on equity today
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 Oberoi RealtyOBEROIRLTY | 59,867 | 22.74 | 3.14 | +16.6% | +18.0% | 14.7% | 15.8% | 0.49% |
 Godrej PropertiesGODREJPROP | 47,232 | 35.01 | 2.44 | +50.0% | −12.9% | 7.2% | −1.4% | 0.64% |
 Brigade EnterprisesBRIGADE | 17,197 | 23.68 | 2.40 | −4.4% | −8.7% | 10.6% | 8.8% | 0.38% |
 Anant RajANANTRAJ | 16,097 | 26.95 | 2.66 | +12.3% | +21.2% | 11.4% | 9.6% | 0.22% |
 SobhaSOBHA | 12,033 | 62.98 | 2.54 | +9.6% | +28.5% | 4.1% | 3.5% | 0.53% |
 Sri Lotus Developers and RealtyLOTUSDEV | 12,022 | 41.05 | 5.91 | – | – | 15.5% | 16.2% | 0.33% |
 Aditya Birla Real EstateABREL | 11,213 | – | 2.45 | −26.2% | – | – | −2.6% | 0.25% |
 Signatureglobal (India)SIGNATURE | 9,883 | 9.47 | 5.34 | −23.0% | +710.6% | 81.0% | −3.3% | 0.00% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Latest announcements
Routine notices left out.Horizon Industrial Parks announcements
Oct 2026
29 Oct · Results
24 Oct · Management
24 Oct · Management
21 Oct · Analysts
Recent sessions
The 9 trading days to 29 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 29 Oct 2026 | 48.40 | 49.90 | 47.20 | 48.38 | 48.72 | 1,03,00,343 | 54.9% |
| 28 Oct 2026 | 46.20 | 49.00 | 45.65 | 48.12 | 47.97 | 68,99,735 | 59.8% |
| 27 Oct 2026 | 44.50 | 46.79 | 44.12 | 46.32 | 46.04 | 23,62,965 | 57.9% |
| 26 Oct 2026 | 42.01 | 45.10 | 41.44 | 44.92 | 43.95 | 36,51,566 | 59.6% |
| 23 Oct 2026 | 43.50 | 43.58 | 41.79 | 42.25 | 42.29 | 49,71,689 | 62.6% |
| 22 Oct 2026 | 45.10 | 45.90 | 43.51 | 43.79 | 44.65 | 50,50,491 | 65.8% |
| 21 Oct 2026 | 47.51 | 47.64 | 45.52 | 45.80 | 45.98 | 35,34,583 | 65.5% |
| 19 Oct 2026 | 48.04 | 48.30 | 47.45 | 47.63 | 47.67 | 20,46,588 | 69.2% |
| 16 Oct 2026 | 48.69 | 49.40 | 47.52 | 48.08 | 48.19 | 31,46,556 | 65.5% |
Prices in ₹ per share as traded, not adjusted.
Company details
- NSE symbol
- HORIZONIND
- BSE code
- 544880
- ISIN
- INE685T01010
- Industry
- Realty
- Website
- www.hiparks.com
- CIN
- L60231MH2009PLC222156
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 2009
- Registered office
- Unit No 1501B, Tower 1, 841, One World Centre, Senapati Bapat Marg, Jupiter Textile Mills, Mumbai 400013, Maharashtra
- Share registrar
- KFin Technologies Ltd
- Keeps the register of shareholders and handles transfers and dividend payments