Develops and sells residential and commercial real estate, primarily in the Mumbai metropolitan area, with a 35-year track record and 47+ projects delivered. FY26 pre-sales were ₹4,400 crore (663 units) with collections of ₹1,900 crore, against recognised revenue of ₹643.51 crore — the gap reflecting the build-and-sell model where revenue is booked on construction completion. Unrecognised revenue from already-booked units stood at ₹11,300 crore, providing forward visibility, and the total development pipeline is described as exceeding ₹1 lakh crore in gross development value. Key projects include 25 South (Prabhadevi, ~95% sold, completion expected in FY26), 25 Downtown (Mahalaxmi), 25 West (Bandra), Rising City, and the 150-acre Sunstream City seafront project in Thane/Mulund. Five new launches are planned across Thane, Khalapur, Chembur and Bandra, and three promoter-held entities are being merged into the listed company to consolidate project ownership with no shareholder dilution. Construction and land-related materials are the dominant cost, accounting for 73.5% of FY26 revenue. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Residential and commercial real estate development (Mumbai). Mumbai-focused, asset-heavy residential and commercial property developer with project-backed debt and a build-and-sell revenue model.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 190 | 319 | 258 | 408 | 644 |
| EBITDA (ex other income) | (60) | 74 | (102) | 116 | 153 |
| margin % | (31.3) | 23.3 | (39.6) | 28.5 | 23.7 |
| Owners' profit | (128) | 0 | (85) | 47 | 148 |
| EPS, as reported (₹) | (17.66) | 4.16 | (11.17) | 4.39 | 10.62 |
| ROE % · ROCE % | (9.8) · (2.5) | 2.3 · 6.2 | (6.6) · (0.0) | 1.9 · 7.6 | 6.1 · 9.2 |
| Debt / equity (x) | 0.52 | 0.65 | 0.72 | 0.32 | 0.45 |
| Cash from operations | 24 | (6) | 161 | (580) | 187 |
| Capex | (1) | 0 | (67) | (6) | (4) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 99 | 92 | 97 | 187 | 209 | 88 | 160 | 156 |
| Profit before tax | 36 | 23 | 33 | 72 | 58 | 22 | 36 | 32 |
| Net profit | 19 | 20 | 2 | 82 | 32 | 23 | 26 | 27 |
| EPS (₹) | 2.34 | 1.62 | 0.33 | 5.85 | 1.75 | 1.57 | 1.61 | 1.75 |
| 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 % |
|---|---|---|---|---|
| 31 Aug 2026 · NCLT hearing date fixed for merger of 25 West Realty with Hubtown | compliance | minimal | — | — |
| 27 Aug 2026 · Hubtown 38th AGM scheduled for September 18, 2026 via video conferencing | compliance | minimal | — | — |
| 27 Aug 2026 · Hubtown 38th AGM notice published; meeting on September 18, 2026 via video conferencing | compliance | minimal | — | — |
| 26 Aug 2026 · Hubtown 38th AGM on Sept 18; proposes US$150M FCCB raise, related party deals | board shareholder meetings | low | — | — |
| 26 Aug 2026 · Hubtown FY26: Revenue up 58%, PAT jumps to about 168 crore on consolidated basis | results | high | — | — |
| 24 Aug 2026 · Hubtown says unexplained share volume rise is market driven | regulatory legal | low | — | — |
| 21 Aug 2026 · Hubtown responds to BSE query on unusual trading volume | compliance | minimal | — | — |
| 21 Aug 2026 · BSE seeks clarification from Hubtown on volume movement | compliance | minimal | — | — |
| 20 Aug 2026 · Hubtown sees sharp rise in trading volume; exchange seeks clarification | compliance | medium | — | — |
| 10 Aug 2026 · NCLT hearing notice published for Saicharan Consultancy merger | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| 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) | 27.2 | 21.8 | 36 of 57 | 38% |
| P/B | 1.0 | 2.1 | 16 of 64 | 76% |
| ROCE | 5.1 | 6.8 | 40 of 67 | 41% |
| ROE | 6.1 | 8.2 | 39 of 67 | 42% |
| Debt / Equity | 0.5 | 0.4 | 41 of 67 | 39% |
| EBITDA margin | 48.4 | 29.6 | 9 of 66 | 88% |
| Revenue growth | (17.0) | 12.8 | 54 of 67 | 20% |
| Profit growth | (67.7) | 7.5 | 58 of 66 | 12% |
| Market cap | 2579 | 2250 | 31 of 67 | 55% |
| 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.
