Develops and sells residential real estate across India, with Bengaluru and Mumbai as core markets and a smaller commercial leasing portfolio. In FY26, the business booked presales of ₹7,407 crores (+55% YoY) and collected ₹4,258 crores from customers, while reporting revenue of ₹3,739.83 crores. Average price realisation was ₹10,213 per sq ft for FY26, with premium and high-value housing (above ₹1 crore) making up 53% of sales. Six new projects were added in FY26 covering roughly 12 million sq ft of development potential with an estimated Gross Development Value (GDV) of ₹15,200 crores, including a Bandra launch with ₹2,700 crores GDV. The company also operates commercial assets Zentech (Bengaluru) and Aerocity, with Zentech roughly 44% pre-leased and Aerocity's occupancy certificate received. Other operating expenses dominate the cost base at 71.1% of revenue (largely land and construction costs), with materials at 9.2% and employee costs at 8.3%. Net debt stood at ₹2,321 crores with net debt-to-equity at 1.31x and cost of debt at 11.05%; the company is also evaluating data centres, warehousing, and senior-living as new verticals. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Residential development and sales, Commercial leasing and development. Cyclical, land-intensive residential real-estate developer with a growing commercial leasing book and high leverage (net debt/equity 1.31x).
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 955 | 1,236 | 2,185 | 2,014 | 3,740 |
| EBITDA (ex other income) | 214 | 230 | 463 | 292 | 692 |
| margin % | 22.4 | 18.6 | 21.2 | 14.5 | 18.5 |
| Owners' profit | 0 | 0 | 42 | 0 | 64 |
| EPS, as reported (₹) | 6.22 | 2.80 | 1.78 | (15.18) | 2.69 |
| ROE % · ROCE % | 7.2 · 23.3 | 3.3 · 15.4 | 2.2 · 20.3 | (10.5) · 17.6 | 3.2 · 35.7 |
| Debt / equity (x) | 1.27 | 1.47 | 1.74 | 2.48 | 3.14 |
| Cash from operations | 134 | 145 | 896 | (531) | 345 |
| Capex | (6) | (30) | (54) | (43) | (63) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 496 | 318 | 542 | 524 | 644 | 1,069 | 1,502 | 849 |
| Profit before tax | (13) | (116) | (111) | (90) | (57) | 79 | 145 | 26 |
| Net profit | (17) | (93) | (88) | (69) | (43) | 58 | 110 | 25 |
| EPS (₹) | (0.71) | (3.90) | (3.62) | (2.85) | (1.76) | 2.53 | 4.77 | 1.22 |
| 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 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 10 Sept 2026 · Puravankara gives Rs 80 Cr corporate guarantee for subsidiary NCD issue | credit debt | medium | — | — |
| 7 Sept 2026 · Puravankara says no undisclosed event caused higher trading volume | regulatory legal | medium | — | — |
| 7 Sept 2026 · BSE seeks clarification from Puravankara on volume movement | compliance | minimal | — | — |
| 5 Sept 2026 · Puravankara responds to NSE query on unusual trading volume | regulatory legal | medium | — | — |
| 4 Sept 2026 · Unusual trading volume flagged in Puravankara stock, company response awaited | compliance | medium | — | — |
| 4 Sept 2026 · Puravankara publishes 40th AGM notice and e-voting info in newspapers | compliance | minimal | — | — |
| 3 Sept 2026 · Intimation of letter to shareholders about Annual Report web link for 40th AGM | compliance | minimal | — | — |
| 3 Sept 2026 · Letter to shareholders without registered email about Annual Report web-link | compliance | minimal | — | — |
| 3 Sept 2026 · Puravankara files Business Responsibility and Sustainability Report for FY 2025-26 | general | medium | — | — |
| 3 Sept 2026 · Puravankara FY26 Annual Report: Record Sales of Rs 7,407 Cr, Return to Profit | results | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 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) | 31.5 | 21.8 | 40 of 57 | 30% |
| P/B | 2.8 | 2.1 | 44 of 64 | 32% |
| ROCE | 3.6 | 6.8 | 47 of 67 | 30% |
| ROE | 3.2 | 8.2 | 50 of 67 | 26% |
| Debt / Equity | 3.1 | 0.4 | 67 of 67 | 0% |
| EBITDA margin | 25.6 | 29.6 | 36 of 66 | 46% |
| Revenue growth | 61.9 | 12.8 | 17 of 67 | 76% |
| Profit growth | 136.8 | 7.5 | 11 of 66 | 85% |
| Market cap | 5052 | 2250 | 19 of 67 | 73% |
| 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.
