Builds and sells residential apartments, villas and a hospitality complex in the Navi Mumbai region. In FY26, revenue of Rs. 550.97 crore came from selling 1,155 units (Rs. 977 crore of bookings) at an average realised price of Rs. 7,769/sq ft, up 27% year-over-year, and from handing over 1,721 units — a five-fold jump on the previous year. Key projects include Arihant Aspire in Panvel (where 657 Phase-I units received occupancy certificates and a new Benita Tower of 3.82 lakh sq ft was launched), Aalishan Kharghar, Advika Vashi, and the World Villas complex, which combines 391 villas with a 5-star hotel and a gymkhana. A 4-star hotel is also under development at Khopoli. Construction materials and land are the dominant cost, making up 91.1% of revenue, with employee costs at 6.4% and other operating expenses at 10.4%. Gross development value across the portfolio is Rs. 14,000 crore. The company is preparing to deliver more than 2,000 units in FY27. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Residential apartment sales, Villa sales, Hospitality (under development). Cyclical, asset-heavy, leveraged residential real estate developer (Net Debt/Equity 1.81x)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 331 | 389 | 510 | 499 | 551 |
| EBITDA (ex other income) | 70 | 78 | 113 | 104 | 127 |
| margin % | 21.1 | 19.9 | 22.2 | 20.9 | 23.0 |
| Owners' profit | 41 | 0 | 48 | 0 | 0 |
| EPS, as reported (₹) | 10.02 | 10.04 | 10.91 | 10.02 | 10.65 |
| ROE % · ROCE % | 20.4 · 18.4 | 17.4 · 14.0 | 21.4 · 15.1 | 14.5 · 9.9 | 10.2 · 10.7 |
| Debt / equity (x) | 1.47 | 1.35 | 1.48 | 1.95 | 1.94 |
| Cash from operations | 21 | (12) | (147) | (178) | (71) |
| Capex | (2) | 0 | (1) | (76) | 0 |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 112 | 151 | 153 | 121 | 123 | 126 | 181 | 132 |
| Profit before tax | 20 | 33 | 10 | 21 | 13 | 11 | 15 | 13 |
| Net profit | 16 | 25 | 11 | 16 | 10 | 8 | 12 | 10 |
| EPS (₹) | 2.75 | 5.08 | 1.89 | 2.21 | 1.41 | 1.16 | 2.75 | 1.39 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| DLF LIMITED | 1,59,533 | 35.9 | 3.51 | 48.1 | 9.7 | 6.0 | 8.6 | 37.1 |
| LODHA DEVELOPERS LIMITED | 1,11,589 | 27.0 | 4.76 | 22.1 | 14.6 | 15.7 | 25.1 | 40.5 |
| THE PHOENIX MILLS LTD | 67,594 | 52.8 | 4.73 | 26.2 | 10.9 | 9.9 | 32.7 | 63.4 |
| PRESTIGE ESTATE LTD | 64,519 | 56.6 | 3.85 | 18.5 | 7.8 | 6.8 | 11.8 | 38.1 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 3 Sept 2026 · Newspaper advertisement for 43rd AGM notice and e-voting info | compliance | minimal | — | — |
| 2 Sept 2026 · 43rd AGM on Sep 24; FY26 annual report available on company website | compliance | minimal | — | — |
| 2 Sept 2026 · FY2025-26 annual report and 43rd AGM notice announced | board shareholder meetings | low | — | — |
| 31 Aug 2026 · Investor/Analyst Meeting Scheduled on September 3, 2026 | board shareholder meetings | low | — | — |
| 19 Aug 2026 · Arihant Superstructures to attend Yes Securities Conference on Aug 24, 2026 | board shareholder meetings | low | — | — |
| 17 Aug 2026 · Q1 FY27 earnings call: sales up 15%, debt to ease as projects near completion | investor communications | medium | — | — |
| 10 Aug 2026 · Audio recording of Q1 FY27 earnings call shared | investor communications | low | — | — |
| 8 Aug 2026 · Q1 FY27: Pre-sales up 15% YoY but margins decline sharply | investor communications | medium | — | — |
| 8 Aug 2026 · Q1 FY27: pre-sales up 15% YoY, EBITDA margin compresses to 20.94% | investor communications | medium | — | — |
| 8 Aug 2026 · Q1 FY27 results published in newspapers; about Rs 50 crore rights issue announced | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| OBEROI REALTY LIMITED |
| 63,306 |
| 20.8 |
| 3.53 |
| 18.2 |
| 14.0 |
| 15.5 |
| 24.0 |
| 61.1 |
| GODREJ PROPERTIES LTD | 52,653 | 32.9 | 2.72 | 23.7 | 9.5 | 11.4 | 46.3 | 107.7 |
| ANANT RAJ LIMITED | 21,490 | 36.2 | 3.69 | 29.3 | 9.6 | 10.2 | 58.7 | 32.1 |
| BRIGADE ENTER. LTD | 20,941 | 24.4 | 2.78 | 15.7 | 9.6 | 6.8 | 23.9 | 41.9 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 32.3 | 21.8 | 41 of 57 | 29% |
| P/B | 2.1 | 2.1 | 33 of 64 | 49% |
| ROCE | 5.0 | 6.8 | 41 of 67 | 39% |
| ROE | 10.2 | 8.2 | 25 of 67 | 64% |
| Debt / Equity | 1.9 | 0.4 | 64 of 67 | 5% |
| EBITDA margin | 22.1 | 29.6 | 39 of 66 | 42% |
| Revenue growth | 8.8 | 12.8 | 36 of 67 | 47% |
| Profit growth | (38.5) | 7.5 | 50 of 66 | 25% |
| Market cap | 939 | 2250 | 39 of 67 | 42% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
