OBEROI REALTY LIMITED Financials Oberoi Realty Limited
Equities
OBEROIRLTY
INE093I01010
Real Estate Development & Operations
|
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,732 INR | +1.23% |
|
+17.87% | +20.02% |
| May. 16 | Jefferies Adjusts Oberoi Realty’s Price Target to INR1,548 From INR1,341, Keeps at Hold | MT |
| May. 15 | Transcript : Oberoi Realty Limited, Q4 2024 Earnings Call, May 15, 2024 |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 192,091 | 120,625 | 209,126 | 341,732 | 306,371 | 622,178 | - | - |
| Enterprise Value (EV) 1 | 192,779 | 130,981 | 219,543 | 367,355 | 340,683 | 536,622 | 631,456 | 608,977 |
| P/E ratio | 23.2 x | 17.5 x | 28.3 x | 32.6 x | 16.1 x | 27.9 x | 27.8 x | 22 x |
| Yield | 0.38% | - | - | 0.32% | 0.47% | 0.21% | 0.27% | 0.29% |
| Capitalization / Revenue | 7.44 x | 5.39 x | 10.2 x | 12.7 x | 7.31 x | 11.9 x | 10.8 x | 8.45 x |
| EV / Revenue | 7.46 x | 5.85 x | 10.7 x | 13.6 x | 8.13 x | 11.9 x | 10.9 x | 8.27 x |
| EV / EBITDA | 16.7 x | 12.5 x | 21.9 x | 31.1 x | 16.1 x | 22.3 x | 20.6 x | 15.4 x |
| EV / FCF | -769 x | -25.8 x | -35.3 x | -267 x | -11.4 x | 44.3 x | 36.1 x | 35.8 x |
| FCF Yield | -0.13% | -3.88% | -2.83% | -0.37% | -8.76% | 2.26% | 2.77% | 2.79% |
| Price to Book | 2.36 x | 1.4 x | 2.23 x | 3.28 x | 2.51 x | 4.51 x | 3.93 x | 3.37 x |
| Nbr of stocks (in thousands) | 363,602 | 363,602 | 363,602 | 363,602 | 363,602 | 363,602 | - | - |
| Reference price 2 | 528.3 | 331.8 | 575.2 | 939.8 | 842.6 | 1,711 | 1,711 | 1,711 |
| Announcement Date | 5/10/19 | 7/14/20 | 5/14/21 | 5/26/22 | 5/16/23 | 5/14/24 | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 25,825 | 22,376 | 20,526 | 26,940 | 41,926 | 44,958 | 57,718 | 73,666 |
| EBITDA 1 | 11,554 | 10,480 | 10,004 | 11,813 | 21,116 | 24,099 | 30,591 | 39,478 |
| EBIT 1 | 11,113 | 10,031 | 9,592 | 11,416 | 20,719 | 23,623 | 30,727 | 38,885 |
| Operating Margin | 43.03% | 44.83% | 46.73% | 42.37% | 49.42% | 52.55% | 53.24% | 52.78% |
| Earnings before Tax (EBT) 1 | 11,776 | 9,630 | 9,212 | 13,536 | 22,239 | 24,757 | 29,743 | 37,531 |
| Net income 1 | 8,169 | 6,893 | 7,393 | 10,471 | 19,045 | 19,266 | 22,060 | 27,638 |
| Net margin | 31.63% | 30.81% | 36.02% | 38.87% | 45.43% | 42.85% | 38.22% | 37.52% |
| EPS 2 | 22.80 | 18.96 | 20.33 | 28.80 | 52.38 | 52.99 | 61.54 | 77.77 |
| Free Cash Flow 1 | -250.8 | -5,081 | -6,216 | -1,376 | -29,849 | 14,599 | 17,496 | 16,987 |
| FCF margin | -0.97% | -22.71% | -30.28% | -5.11% | -71.19% | 30.13% | 30.31% | 23.06% |
| FCF Conversion (EBITDA) | - | - | - | - | - | 60.93% | 57.19% | 43.03% |
| FCF Conversion (Net income) | - | - | - | - | - | 84.55% | 79.31% | 61.46% |
| Dividend per Share 2 | 2.000 | - | - | 3.000 | 4.000 | 3.561 | 4.650 | 5.001 |
| Announcement Date | 5/10/19 | 7/14/20 | 5/14/21 | 5/26/22 | 5/16/23 | 5/14/24 | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 8,284 | 7,901 | 2,842 | 7,542 | 8,320 | 8,235 | 9,131 | 6,886 | 16,295 | 9,614 | 9,100 | 9,477 | 12,332 | 12,700 | 11,849 |
| EBITDA 1 | 3,825 | 3,735 | 1,249 | 3,731 | 3,316 | 3,518 | 4,922 | 3,104 | 9,989 | 3,687 | 4,737 | 4,395 | 6,016 | 5,879 | - |
| EBIT 1 | 3,721 | 3,635 | 1,148 | 3,630 | 3,217 | 3,421 | 4,824 | 3,004 | 9,887 | 3,590 | 4,624 | 4,580 | 6,854 | 5,517 | 5,479 |
| Operating Margin | 44.92% | 46.01% | 40.38% | 48.13% | 38.66% | 41.54% | 52.83% | 43.62% | 60.68% | 37.34% | 50.82% | 48.33% | 55.58% | 43.44% | 46.24% |
| Earnings before Tax (EBT) 1 | 3,611 | 3,545 | 1,080 | 3,619 | 5,512 | 3,308 | 5,168 | 3,879 | 9,286 | 3,907 | 4,262 | 4,026 | 6,146 | 6,026 | - |
| Net income 1 | 2,866 | 2,868 | 806.3 | 2,666 | 4,675 | 2,324 | 4,031 | 3,186 | 7,026 | 4,803 | 3,216 | 2,980 | 4,382 | 4,338 | - |
| Net margin | 34.6% | 36.31% | 28.37% | 35.35% | 56.19% | 28.22% | 44.14% | 46.27% | 43.12% | 49.96% | 35.35% | 31.44% | 35.54% | 34.16% | - |
| EPS | 7.880 | 7.890 | 2.220 | - | 12.86 | 6.390 | 11.09 | 8.760 | 19.32 | 13.21 | - | 8.300 | 13.20 | 10.80 | - |
| Dividend per Share | - | - | - | - | - | 3.000 | - | - | - | - | - | - | - | - | - |
| Announcement Date | 1/22/21 | 5/14/21 | 7/29/21 | 10/29/21 | 1/28/22 | 5/26/22 | 7/15/22 | 10/14/22 | 2/8/23 | 5/16/23 | 7/31/23 | - | - | - | - |
1INR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 688 | 10,356 | 10,417 | 25,623 | 34,312 | 24,487 | 9,278 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | 13,201 |
| Leverage (Debt/EBITDA) | 0.0595 x | 0.9882 x | 1.041 x | 2.169 x | 1.625 x | 1.022 x | 0.3033 x | - |
| Free Cash Flow 1 | -251 | -5,081 | -6,216 | -1,376 | -29,849 | 14,599 | 17,496 | 16,987 |
| ROE (net income / shareholders' equity) | 11.6% | 8.28% | 8.22% | 10.6% | 17.1% | 13.1% | 14.6% | 16.1% |
| ROA (Net income/ Total Assets) | 7.65% | 6.17% | 6.35% | 7.55% | 11.1% | 7.96% | 10.1% | 10.5% |
| Assets 1 | 106,766 | 111,726 | 116,374 | 138,722 | 171,658 | 216,888 | 218,290 | 262,431 |
| Book Value Per Share 2 | 224.0 | 237.0 | 258.0 | 286.0 | 336.0 | 380.0 | 436.0 | 508.0 |
| Cash Flow per Share 2 | 32.60 | -7.760 | 19.30 | 29.40 | -68.60 | 86.30 | 106.0 | 189.0 |
| Capex 1 | 1,706 | 2,261 | 13,241 | 12,063 | 6,018 | 11,619 | 7,045 | 2,695 |
| Capex / Sales | 6.61% | 10.11% | 64.51% | 44.78% | 14.35% | 23.98% | 12.21% | 3.66% |
| Announcement Date | 5/10/19 | 7/14/20 | 5/14/21 | 5/26/22 | 5/16/23 | 5/14/24 | - | - |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C-
Sell
Buy
Mean consensus
HOLD
Number of Analysts
23
Last Close Price
1,711
INR
Average target price
1,413
INR
Spread / Average Target
-17.43%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +20.02% | 7.45B | |
| +11.96% | 29.15B | |
| -6.10% | 27.94B | |
| +25.32% | 26.02B | |
| +16.50% | 24.95B | |
| +39.32% | 22.49B | |
| +12.50% | 22.19B | |
| -3.03% | 18.48B | |
| +2.83% | 16.73B | |
| +22.25% | 15.89B |
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- Financials Oberoi Realty Limited
