Company Overview
Oberoi Realty Ltd. continues to maintain its stronghold in the premium residential, commercial, and hospitality sectors. The company’s focus on high-quality execution, efficient capital allocation, and strategic land acquisitions positions it as a market leader.
Market Cap
₹72,826 Cr
Stock P/E
28.2
Book Value
₹407
ROCE
15.2%
ROE
13.5%
Debt/Equity
0.15
Q3 FY2025 Financial Highlights
Key Performance Indicators
| Metric | Value | Growth |
|---|---|---|
| Revenue from Operations | ₹1,41,108 Lakh | +33.9% YoY |
| Net Profit | ₹61,838 Lakh | +59.4% YoY |
| Operating Profit Margin | 60.1% | Industry Leading |
| Net Profit Margin | 42.35% | ↑ from 33.26% |
| Metrics | YOY | Dec 2024 | Sep 2024 | Dec 2023 |
|---|---|---|---|---|
| Sales | ⇡ 34% | 1,411 | 1,320 | 1,054 |
| EBIDT | ⇡ 68% | 856 | 814 | 509 |
| Net Profit | ⇡ 72% | 618 | 589 | 360 |
| EPS | ⇡ 72% | ₹ 17.01 | ₹ 16.21 | ₹ 9.91 |
Future Growth Drivers
Real Estate Expansion
– Ongoing and upcoming luxury residential projects
– High demand for premium housing
– Urban migration driving growth
Hospitality Sector Recovery
– Post-pandemic recovery in tourism
– Expansion of luxury hospitality offerings
– Growing demand for branded hotels
Financial Projections (FY2026-FY2028)
| Metric | Projection |
|---|---|
| Revenue CAGR | 18-20% |
| EBITDA Margin | 58-60% |
| Net Profit CAGR | ~22% |
| Debt-to-Equity Ratio | Below 0.20 |
Investment Thesis
Current Price: ₹2,003
Target Price: ₹2,450 (22% upside potential)
Competitive Advantages
– Premium Branding with price premium
– Strong Balance Sheet with low leverage
– High ROE/ROCE compared to industry
– Strong promoter holding (67.7%)
Risks to Watch
– Economic slowdown impact on luxury segment
– Regulatory hurdles and project delays
– Interest rate risks affecting demand
Recommendation
BUY
Oberoi Realty is well-positioned for sustained growth with:
– Diversified revenue streams
– Strategic acquisitions
– Strong financial health
– Operational efficiency
Disclaimer: This report is for informational purposes only and does not constitute investment advice. Investors are advised to conduct their research or consult financial advisors before making investment decisions.