Shriram Properties Ltd
Shriram Properties is a part of Shriram Group.
They are one of the leading residential real estate development companies in South India primarily focused on the mid-market and affordable housing categories.
They are also present in plotted development, mid-market premium, luxury housing as well as commercial & office space categories in our core markets.
They commenced operations in Bengaluru in the year 2000 and have since expanded their presence to other cities in South India, i.e., Chennai, Coimbatore and Visakhapatnam. In addition, they also have presence in Kolkata in East India, where they are developing a large mixed-use project. [1]
- Market Cap ₹ 1,605 Cr.
- Current Price ₹ 94.0
- High / Low ₹ 120 / 63.1
- Stock P/E
- Book Value ₹ 93.2
- Dividend Yield 0.00 %
- ROCE -1.28 %
- ROE -1.98 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.01 times its book value
- Company is expected to give good quarter
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -24.7% over past five years.
- Promoter holding is low: 27.9%
- Company has a low return on equity of 2.47% over last 3 years.
- Contingent liabilities of Rs.633 Cr.
- Debtor days have increased from 64.3 to 127 days.
- Working capital days have increased from 1,797 days to 2,989 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Realty Realty Residential, Commercial Projects
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 353 | 173 | 213 | 452 | 263 | 125 | 207 | 135 | 132 | 64 | 83 | |
| 361 | 199 | 526 | 480 | 306 | 193 | 338 | 195 | 144 | 155 | 187 | |
| Operating Profit | -8 | -25 | -313 | -28 | -43 | -68 | -131 | -60 | -12 | -92 | -104 |
| OPM % | -2% | -15% | -147% | -6% | -16% | -55% | -63% | -45% | -9% | -144% | -126% |
| 55 | 236 | 543 | 99 | 111 | 121 | 118 | 156 | 163 | 45 | 72 | |
| Interest | 223 | 146 | 37 | 44 | 46 | 46 | 36 | 40 | 37 | 33 | 32 |
| Depreciation | 2 | 2 | 1 | 2 | 2 | 3 | 3 | 3 | 3 | 4 | 4 |
| Profit before tax | -178 | 62 | 191 | 25 | 20 | 4 | -52 | 53 | 111 | -84 | -68 |
| Tax % | -0% | 4% | 13% | 0% | 50% | -287% | -24% | 4% | 13% | -31% | |
| -178 | 59 | 167 | 25 | 10 | 15 | -40 | 50 | 96 | -58 | -42 | |
| EPS in Rs | -11.99 | 4.01 | 11.24 | 1.70 | 0.66 | 1.01 | -2.36 | 2.96 | 5.66 | -3.39 | -2.50 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -25% |
| 3 Years: | -32% |
| TTM: | -24% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 7% |
| TTM: | -162% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 8% |
| 1 Year: | -14% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 1% |
| 3 Years: | 2% |
| Last Year: | -2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 148 | 148 | 148 | 148 | 148 | 148 | 170 | 170 | 170 | 170 |
| Reserves | -635 | 916 | 1,088 | 1,117 | 1,127 | 1,144 | 1,325 | 1,376 | 1,473 | 1,417 |
| 240 | 235 | 339 | 385 | 301 | 261 | 241 | 339 | 281 | 362 | |
| 1,907 | 359 | 808 | 502 | 441 | 399 | 294 | 228 | 225 | 322 | |
| Total Liabilities | 1,659 | 1,658 | 2,383 | 2,152 | 2,018 | 1,951 | 2,030 | 2,112 | 2,150 | 2,271 |
| 3 | 3 | 3 | 31 | 56 | 54 | 53 | 54 | 55 | 54 | |
| CWIP | 0 | 0 | 0 | 8 | 0 | 0 | 0 | 0 | 0 | 1 |
| Investments | 835 | 803 | 836 | 645 | 562 | 536 | 559 | 636 | 991 | 912 |
| 821 | 852 | 1,544 | 1,468 | 1,400 | 1,361 | 1,418 | 1,423 | 1,103 | 1,305 | |
| Total Assets | 1,659 | 1,658 | 2,383 | 2,152 | 2,018 | 1,951 | 2,030 | 2,112 | 2,150 | 2,271 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -4 | -49 | -57 | -119 | -63 | -20 | -114 | -116 | -13 | -86 | |
| -1 | 89 | -1 | 109 | 205 | 95 | 16 | 11 | 80 | 54 | |
| -23 | -39 | 81 | -10 | -133 | -88 | 176 | 54 | -87 | 54 | |
| Net Cash Flow | -28 | 1 | 23 | -21 | 9 | -12 | 77 | -51 | -21 | 22 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 20 | 51 | 98 | 38 | 32 | 116 | 49 | 43 | 23 | 127 |
| Inventory Days | 835 | 4,892 | 560 | 798 | 2,712 | 3,261 | ||||
| Days Payable | 146 | 398 | 87 | 124 | 351 | 392 | ||||
| Cash Conversion Cycle | 709 | 51 | 4,592 | 511 | 705 | 2,477 | 2,918 | 43 | 23 | 127 |
| Working Capital Days | -1,645 | -228 | 1,026 | 268 | 398 | 860 | 620 | 1,086 | 1,315 | 2,989 |
| ROCE % | 40% | 1% | 5% | 4% | 3% | -1% | 5% | 8% | -1% |
Documents
Announcements
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Board Meeting Intimation for Consideration And Approval Of The Unaudited Standalone And Consolidated Financial Results For The Second Quarter And Half Year Ended September 30, 2025
10h - Board meeting Nov 12, 2025 to approve unaudited Q2 and H1 results ended Sep 30, 2025.
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Announcement under Regulation 30 (LODR)-Credit Rating
1d - Crisil reaffirms Shriram Properties’ Long Term Bank Facilities ₹263.1 crore A-/Positive on Oct 30, 2025.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
1d - Signed JDA for ~0.7 msf Hinjewadi development; GDV ~₹700 crore.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
27 Oct - Signed JDA for ~7-acre Yelahanka project, estimated GDV ~₹600 crore; launch next fiscal year.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Oct - Regulation 74(5) certificate confirming dematerialization details for quarter ended 30 Sep 2025.
Annual reports
Concalls
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Aug 2025Transcript PPT
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Jun 2025Transcript PPT
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT
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Jun 2024Transcript PPT REC
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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Jun 2023Transcript PPT
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Feb 2023Transcript PPT
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Dec 2022Transcript PPT
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Nov 2022TranscriptNotesPPT
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Aug 2022Transcript PPT
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Jun 2022Transcript PPT
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Feb 2022Transcript PPT
Part of Shriram group
Shriram Properties is part of the Shriram Group, which is a prominent business group with four decades of operating history in India and a well-recognized brand in the retail financial services sector and several other industries. [1]