Sunteck Realty Ltd

Sunteck Realty Ltd

₹ 390 -2.54%
28 Mar - close price
About

Sunteck Realty Limited is a Mumbai-based real estate developer focused on developing premium residential and commercial properties across Mumbai Metropolitan Region (MMR).[1]

Key Points

Market Position[1]
Co is one of the largest developers in the Western Suburbs of MMR from Bandra to Virar with ~50 mn sq ft of balance launch pipeline. It expanded to Eastern suburbs with ~12.1 mn sq ft of balanced development. It has delivered 17 (residential+commercial) projects worth ~Rs 9,000 crore (~US$ 1.2 bn) to date.

  • Market Cap 5,706 Cr.
  • Current Price 390
  • High / Low 512 / 271
  • Stock P/E
  • Book Value 128
  • Dividend Yield 0.39 %
  • ROCE 1.30 %
  • ROE -0.60 %
  • Face Value 1.00

Pros

Cons

  • Stock is trading at 3.04 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -3.97%
  • The company has delivered a poor sales growth of -7.10% over past five years.
  • Company has a low return on equity of 0.76% over last 3 years.
  • Earnings include an other income of Rs.32.3 Cr.
  • Company has high debtors of 184 days.
  • Working capital days have increased from 1,202 days to 1,826 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

Sector: Realty Industry: Construction

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
116.91 65.14 47.44 48.92 68.61 55.02 40.86 22.97 47.76 10.04 42.47 11.31 7.13
80.80 55.16 37.86 35.95 56.43 41.39 28.32 28.66 37.79 19.30 46.73 18.86 15.96
Operating Profit 36.11 9.98 9.58 12.97 12.18 13.63 12.54 -5.69 9.97 -9.26 -4.26 -7.55 -8.83
OPM % 30.89% 15.32% 20.19% 26.51% 17.75% 24.77% 30.69% -24.77% 20.88% -92.23% -10.03% -66.76% -123.84%
2.37 -1.77 2.40 3.77 3.24 6.12 2.07 4.07 12.92 8.36 7.49 9.19 7.22
Interest 14.51 11.12 10.03 10.74 12.36 12.60 12.91 11.85 11.84 11.11 10.62 10.39 13.73
Depreciation 0.73 0.84 0.79 0.93 0.91 1.08 1.06 1.04 1.05 1.38 0.63 0.67 0.70
Profit before tax 23.24 -3.75 1.16 5.07 2.15 6.07 0.64 -14.51 10.00 -13.39 -8.02 -9.42 -16.04
Tax % 27.02% 9.33% -11.21% 8.28% 15.35% 15.49% 0.00% 30.94% 29.90% 30.84% 46.63% 46.18% 38.28%
16.96 -3.41 1.30 4.65 1.82 5.13 0.65 -10.01 7.01 -9.26 -4.28 -5.07 -9.90
EPS in Rs 1.16 -0.23 0.09 0.32 0.12 0.35 0.04 -0.68 0.48 -0.63 -0.29 -0.35 -0.68
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
14 32 163 93 87 197 176 238 259 314 219 122 71
5 14 19 15 64 41 53 77 172 237 167 114 101
Operating Profit 9 18 144 78 23 156 123 161 87 77 51 8 -30
OPM % 65% 55% 88% 84% 26% 79% 70% 68% 34% 25% 24% 6% -42%
13 3 9 8 -19 18 22 70 39 19 12 27 32
Interest 5 10 10 8 6 14 14 35 43 49 46 48 46
Depreciation 0 0 0 1 1 1 1 2 3 3 4 5 3
Profit before tax 16 10 142 77 -2 160 130 195 80 45 14 -17 -47
Tax % 26% 33% 4% 3% 215% 1% 5% 3% -8% 15% 11% 33%
12 7 137 75 3 158 124 190 87 38 13 -12 -29
EPS in Rs 0.94 0.55 10.91 5.93 0.23 12.58 8.45 13.01 5.93 2.58 0.88 -0.79 -1.95
Dividend Payout % 13% 16% 5% 2% 440% 12% 18% 12% 25% 58% 170% -189%
Compounded Sales Growth
10 Years: 14%
5 Years: -7%
3 Years: -22%
TTM: -57%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -1126%
Stock Price CAGR
10 Years: 11%
5 Years: -3%
3 Years: 12%
1 Year: 43%
Return on Equity
10 Years: 6%
5 Years: 3%
3 Years: 1%
Last Year: -1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 13 13 13 13 13 13 15 15 15 15 15 15 15
Reserves 353 359 495 568 698 844 1,588 1,842 1,904 1,928 1,927 1,893 1,863
107 138 52 119 237 221 328 438 589 388 424 419 490
59 52 48 88 98 43 45 171 233 299 467 601 647
Total Liabilities 532 562 608 787 1,045 1,121 1,975 2,465 2,740 2,629 2,833 2,928 3,014
9 9 9 8 12 32 32 37 44 41 61 59 60
CWIP 0 0 0 0 0 0 0 0 0 10 1 1 0
Investments 231 181 360 513 728 569 1,144 1,468 1,784 1,723 1,495 1,389 1,412
292 372 240 266 306 519 800 960 913 855 1,276 1,479 1,542
Total Assets 532 562 608 787 1,045 1,121 1,975 2,465 2,740 2,629 2,833 2,928 3,014

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-11 -72 268 24 -40 128 -21 118 -6 161 -12 184
-37 72 -172 -76 -74 -61 -694 -166 -74 110 23 -120
48 2 -98 53 115 -40 700 48 87 -230 12 -127
Net Cash Flow -0 2 -2 1 0 27 -14 0 7 41 23 -63

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 207 48 33 64 158 64 115 219 107 112 181 184
Inventory Days 1,113
Days Payable 296
Cash Conversion Cycle 207 48 33 64 158 64 115 219 107 929 181 184
Working Capital Days 5,974 1,762 266 477 800 816 1,398 872 623 531 1,249 1,826
ROCE % 4% 5% 28% 14% 3% 17% 9% 11% 5% 4% 3% 1%

Shareholding Pattern

Numbers in percentages

6 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
67.15% 67.15% 67.15% 67.13% 67.13% 67.13% 67.12% 67.12% 67.22% 67.22% 67.22% 63.24%
23.51% 21.28% 19.91% 20.13% 20.66% 19.38% 18.94% 18.96% 19.52% 17.47% 16.67% 20.28%
3.70% 4.00% 4.19% 4.82% 4.75% 5.39% 6.26% 6.45% 6.10% 5.97% 6.99% 7.24%
5.63% 7.56% 8.75% 7.91% 7.46% 8.10% 7.66% 7.47% 7.15% 9.32% 9.12% 9.23%
No. of Shareholders 15,95523,90728,37730,67435,01635,22430,00229,66128,86134,92234,84239,386

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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