Develops premium and ultra-luxury residential projects in Mumbai under the Aaradhya brand and the newer MS Collection Residences vertical, and runs an EPC (Engineering, Procurement and Construction) business oriented to port infrastructure. For FY26 (period ending March 31, 2026), the real estate segment booked ₹329.39 crore in segment revenue (52% of segment revenue, EBIT of ₹163.04 crore) and EPC booked ₹303.79 crore (48% of segment revenue, EBIT of ₹79.90 crore); a further ₹52.17 crore of EBIT is reported as unallocated. The FY27 launch pipeline is sized at roughly ₹5,600 crore of Gross Development Value, spread across Marine Lines, Tardeo, BKC and Pali Hill, and over 1 million sq ft of carpet area is slated for delivery across four projects within 6-18 months. EPC work includes a 26% stake in a special-purpose vehicle that will design, build, operate and transfer a multipurpose dry-bulk and break-bulk berth terminal at Paradip Port, Odisha. The cost stack is dominated by materials at 33.6% of revenue and other operating expenses at 67.1%, with employees at 11.9% and depreciation at 2.0%. The balance sheet is net debt-free with ₹686 crore of liquidity and net worth of ₹2,266 crore. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Real Estate (52%), EPC (Engineering, Procurement and Construction) (48%). Asset-heavy Mumbai-focused residential developer with an EPC arm concentrated on port and cargo infrastructure; net debt-free.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 961 | 1,890 | 1,263 | 1,108 | 630 |
| EBITDA (ex other income) | 247 | 414 | 326 | 324 | 129 |
| margin % | 25.7 | 21.9 | 25.8 | 29.3 | 20.4 |
| Owners' profit | (1) | 289 | 2 | 313 | 0 |
| EPS, as reported (₹) | 5.83 | 6.96 | 8.09 | 7.59 | 5.07 |
| ROE % · ROCE % | 32.1 · 33.3 | 25.2 · 38.4 | 20.0 · 25.8 | 17.0 · 23.6 | 9.1 · 11.8 |
| Debt / equity (x) | 0.60 | 0.18 | 0.09 | 0.02 | 0.03 |
| Cash from operations | 187 | 448 | 573 | 133 | (50) |
| Capex | (21) | (15) | (14) | (9) | (25) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 230 | 242 | 294 | 183 | 149 | 153 | 146 | 218 |
| Profit before tax | 52 | 135 | 133 | 78 | 70 | 66 | 54 | 80 |
| Net profit | 47 | 84 | 97 | 58 | 60 | 52 | 41 | 63 |
| EPS (₹) | 1.20 | 2.25 | 2.05 | 1.48 | 1.38 | 1.16 | 1.06 | 1.77 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| EPC (Engineering, Procurement and Contacting) | 173 | 27.3 |
| Real Estate | 329 | 52.0 |
| EPC (Engineering, Procurement and Contracting) | 131 | 20.7 |
| Total, before eliminations | 633 | 100.0 |
| 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 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · Man Infra buys back 8 lakh shares at avg Rs 126.77 on Sep 11, 2026 | corporate actions | medium | — | — |
| 10 Sept 2026 · Man Infra buys back 7.09 lakh shares at avg Rs 128.93 on Sept 10 | corporate actions | medium | — | — |
| 9 Sept 2026 · MAN INFRA buys back 5.25 lakh shares at avg Rs 129.84 | compliance | minimal | — | — |
| 4 Sept 2026 · Man Infraconstruction announces Rs 169.29 crore open market buyback at up to Rs 171 per share | corporate actions | high | — | — |
| 3 Sept 2026 · Man Infraconstruction announces open market share buyback | compliance | minimal | — | — |
| 3 Sept 2026 · Man Infra approves open market share buyback of up to Rs 169.29 crore | corporate actions | high | — | — |
| 2 Sept 2026 · Board approves open market buyback up to Rs 169.29 crore at Rs 171/share | corporate actions | high | — | — |
| 1 Sept 2026 · Board approves buyback of up to Rs 169.29 crore at max Rs 171 per share | corporate actions | high | — | — |
| 1 Sept 2026 · Man Infra board approves Rs 169.29 cr share buyback at up to Rs 171 per share | corporate actions | high | — | — |
| 26 Aug 2026 · Board to consider equity share buyback proposal on Sept 1, 2026 | corporate actions | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 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 |
| 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) | 23.6 | 21.8 | 32 of 57 | 45% |
| P/B | 2.2 | 2.1 | 34 of 64 | 48% |
| ROCE | 11.4 | 6.8 | 21 of 67 | 70% |
| ROE | 9.1 | 8.2 | 30 of 67 | 56% |
| Debt / Equity | 0.0 | 0.4 | 13 of 67 | 82% |
| EBITDA margin | 40.4 | 29.6 | 18 of 66 | 74% |
| Revenue growth | 19.4 | 12.8 | 29 of 67 | 58% |
| Profit growth | 7.6 | 7.5 | 33 of 66 | 51% |
| Market cap | 5106 | 2250 | 18 of 67 | 74% |
| 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.
