Shriram Properties Ltd
NSE:SHRIRAMPPS
Decide at what price you'd be comfortable buying and we'll help you stay ready.
|
S
|
Shriram Properties Ltd
NSE:SHRIRAMPPS
|
IN |
|
SoftBank Corp
TSE:9434
|
JP |
|
Cross Marketing Group Inc
TSE:3675
|
JP |
Shriram Properties Ltd
Shriram Properties Ltd. engages in the business of construction, development and sale of all housing projects. The company is headquartered in Bangalore, Karnataka. The company went IPO on 2021-12-20. The firm is engaged in the business of real estate construction, development and other related activities. The firm is primarily focused on the mid-market and affordable housing categories. The company is also present in the mid-market premium and luxury housing categories as well as commercial and office space categories. The company has approximately 29 completed projects, representing 16.76 million square feet of saleable area, out of which its 24 completed projects are in the cities of Bengaluru and Chennai. Its total saleable area for completed projects is in the mid-market category and affordable housing category and the remainder in the commercial and office space and luxury housing categories. The company has a total portfolio of about 35 projects in ongoing projects, projects under development and forthcoming projects aggregating to approximately 46.74 million square feet of estimated saleable area.
Shriram Properties Ltd. engages in the business of construction, development and sale of all housing projects. The company is headquartered in Bangalore, Karnataka. The company went IPO on 2021-12-20. The firm is engaged in the business of real estate construction, development and other related activities. The firm is primarily focused on the mid-market and affordable housing categories. The company is also present in the mid-market premium and luxury housing categories as well as commercial and office space categories. The company has approximately 29 completed projects, representing 16.76 million square feet of saleable area, out of which its 24 completed projects are in the cities of Bengaluru and Chennai. Its total saleable area for completed projects is in the mid-market category and affordable housing category and the remainder in the commercial and office space and luxury housing categories. The company has a total portfolio of about 35 projects in ongoing projects, projects under development and forthcoming projects aggregating to approximately 46.74 million square feet of estimated saleable area.
Kolkata Settlement: The long-standing dispute over the Kolkata land parcel was settled by conveying 42.37 acres to the West Bengal government, fully discharging INR 259 crores in liabilities with no cash outflow.
Revenue Growth: Q3 revenue reached INR 203 crores, up 13% year-over-year, despite ongoing deferrals due to registration delays in Bangalore.
Operational Challenges: Revenue and handovers continued to be impacted by e-Khata and registration portal issues in Bangalore, with smoother operations in other markets.
Guidance Reaffirmed: Management maintains confidence in full-year revenue guidance of INR 1,300–1,500 crores and earnings of INR 90–100 crores, expecting a strong Q4 due to resolved regulatory delays.
Kolkata Land Monetization: Company targets INR 1,500 crores of cash flow from the Kolkata site over 3–5 years through a mix of development and land monetization.
Balance Sheet Strength: Net debt-to-equity remains conservative at 0.3x, with INR 217 crores in cash on hand and a focus on maintaining financial discipline.
Launch Pipeline: Multiple new project launches are lined up for Q4 and early FY '27; 18 million square feet of pipeline with a GDV of INR 11,670 crores remains to be monetized.
