NSE: SUNTECK · BSE: 512179
SUNTECK REALTY LIMITED
A Mumbai-based real estate developer that builds and sells premium, uber-luxury and aspirational-luxury residential and commercial projects in the Mumbai Metropolitan Region, with a launch-ready project in Dubai awaiting better geopolitical timing. Revenue comes from handing over apartments and commercial units to end-user buyers; FY26 operating revenue was ₹1,123.84 cr, with the full year producing ₹3,157 cr of presales and ₹1,433 cr of collections. The Q1 FY27 quarter added ₹787 cr of presales (+20% YoY) and ₹409 cr of collections, with 79% of Q1 presales coming from premium and uber-luxury categories (29% uber luxury, 50% premium, 21% aspirational luxury). Costs are dominated by construction materials (49.1% of revenue) and employees (11.2%), while BD and land capex of ~₹800 cr in FY26 funded three new project additions with combined GDV of ~₹50 bn. The business runs on advance customer collections rather than borrowings — net debt/equity was negligible at 0.06x in FY26 and 0.07x in Q1 FY27, with an AA long-term credit rating. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Luxury and premium residential sales, Commercial real estate sales. Cash-flow-led, near-zero net debt luxury residential developer focused on MMR with Dubai optionality.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 513 | 362 | 565 | 853 | 1,124 |
| EBITDA (ex other income) | 96 | 64 | 117 | 186 | 305 |
| margin % | 18.8 | 17.7 | 20.8 | 21.8 | 27.1 |
| Owners' profit | 25 | 1 | 71 | 0 | 204 |
| EPS, as reported (₹) | 1.79 | 0.10 | 4.99 | 10.26 | 13.94 |
| ROE % · ROCE % | 0.9 · 3.4 | 0.1 · 2.6 | 2.3 · 4.8 | 4.6 · 6.5 | 4.5 · 6.7 |
| Debt / equity (x) | 0.28 | 0.25 | 0.12 | 0.12 | 0.17 |
| Cash from operations | (31) | 262 | 109 | 190 | (433) |
| Capex | (18) | (18) | (63) | (33) | (157) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 169 | 162 | 206 | 188 | 252 | 344 | 339 | 192 |
| Profit before tax | 37 | 50 | 66 | 43 | 65 | 78 | 83 | 52 |
| Net profit | 35 | 43 | 50 | 33 | 49 | 57 | 63 | 42 |
| EPS (₹) | 2.36 | 2.90 | 3.44 | 2.28 | 3.34 | 3.97 | 4.34 | 2.88 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| DLF LIMITED | 1,64,917 | 37.1 | 3.63 | 49.7 | 9.7 | 6.0 | 8.6 | 37.1 |
| LODHA DEVELOPERS LIMITED | 1,01,079 | 24.5 | 4.31 | 20.2 | 14.6 | 15.7 | 25.1 | 40.5 |
| THE PHOENIX MILLS LTD | 67,952 | 53.1 | 4.75 | 26.3 | 10.9 | 9.9 | 32.7 | 63.4 |
| PRESTIGE ESTATE LTD | 59,932 | 52.6 | 3.58 | 17.4 | 7.8 | 6.8 | 11.8 | 38.1 |
| OBEROI REALTY LIMITED | 58,212 | 19.1 | 3.25 | 16.8 | 14.0 | 15.5 | 24.0 | 61.1 |
| GODREJ PROPERTIES LTD | 47,804 | 29.9 | 2.47 | 22.0 | 9.5 | 11.4 | 46.3 | 107.7 |
| BRIGADE ENTER. LTD | 17,613 | 20.5 | 2.34 | 13.7 | 9.6 | 6.8 | 23.9 | 41.9 |
| ANANT RAJ LIMITED | 16,622 | 28.0 | 2.86 | 22.6 | 9.6 | 10.2 | 58.7 | 32.1 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 18.7 | 20.5 | 24 of 57 | 59% |
| P/B | 0.9 | 1.9 | 14 of 64 | 79% |
| ROCE | 5.4 | 6.4 | 38 of 66 | 43% |
| ROE | 4.5 | 8.0 | 42 of 64 | 35% |
| Debt / Equity | 0.2 | 0.4 | 22 of 64 | 67% |
| EBITDA margin | 40.4 | 29.6 | 17 of 66 | 75% |
| Revenue growth | 1.7 | 12.8 | 43 of 67 | 36% |
| Profit growth | 25.5 | 7.5 | 26 of 66 | 62% |
| Market cap | 3996 | 1781 | 22 of 67 | 68% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 27 Oct 2026 · Audio recording of Q2 and H1 FY27 earnings call uploaded | investor communications | low | — | — |
| 27 Oct 2026 · Q2 and H1 FY27 growth lifts sales, profit and cash flow | investor communications | medium | — | — |
| 26 Oct 2026 · No deviation; Rs 136.25 crore warrant proceeds used for land | compliance | minimal | — | — |
| 26 Oct 2026 · No deviation in use of preferential warrant issue proceeds | compliance | minimal | — | — |
| 26 Oct 2026 · Q2 and H1 FY27 profit, sales and cash flow growth | compliance | low | — | — |
| 26 Oct 2026 · Q2 FY27 revenue rises 67%, net profit up 36%; operating cash outflow widens | results | high | — | — |
| 26 Oct 2026 · Sunteck Q2 revenue rises 67%, profit up 38%; cash outflow widens | results | high | — | — |
| 22 Oct 2026 · Earnings call set for 27 October 2026 at 4:00 p.m. IST | board shareholder meetings | low | — | — |
| 21 Oct 2026 · Sunteck Realty issues 70 crore Commercial Paper at 7.75 percent | fund raising | medium | — | — |
| 15 Oct 2026 · Sunteck Realty Q2 and H1 FY27 earnings call on 27 Oct 2026 | board shareholder meetings | low | — | — |
How to read this document
| 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 | 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 |
Sources, method and disclosures
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.