Sunteck Realty Ltd

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

Sunteck Brand Positioning
The Co has developed various brands in order to differentiate its product offering and develop stronger brand recall. Its offering include:
Signature - Uber luxury residences that are aimed at HNIs.
Signia – Ultra luxury residences in select suburban micro markets.
Sunteck City - Large mixed-use developments offering premium luxury residences.
World - Aspirational luxury residences
Sunteck - for commercial developments[1]

Read More
  • Market Cap 6,337 Cr.
  • Current Price 433
  • High / Low 524 / 250
  • Stock P/E 113
  • Book Value 190
  • Dividend Yield 0.35 %
  • ROCE 4.18 %
  • ROE 1.68 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 29.30%

Cons

  • Company has a low return on equity of 4.20% for last 3 years.
  • Company has high debtors of 199.29 days.

Peer comparison

Sector: Realty Industry: Construction

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
195 270 175 132 198 87 55 147 217 191 93 136
112 181 114 86 148 84 40 118 169 156 73 101
Operating Profit 83 89 61 45 50 3 15 29 49 35 19 35
OPM % 43% 33% 35% 34% 25% 4% 27% 20% 22% 18% 21% 26%
Other Income 7 14 5 6 5 4 8 5 5 -2 3 6
Interest 11 9 9 19 11 22 22 21 20 18 18 18
Depreciation 1 1 1 1 1 1 1 1 1 1 1 2
Profit before tax 78 93 56 32 43 -16 0 12 32 14 4 21
Tax % 37% 32% 36% 14% 22% 19% 4,514% 5% 27% 28% 16% 29%
Net Profit 44 65 33 26 33 -9 -3 11 23 10 3 15
EPS in Rs 3.00 4.41 2.27 1.81 2.26 -0.61 -0.21 0.77 1.59 0.71 0.21 1.04

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
28 20 17 30 926 303 243 952 888 857 560 614 638
17 17 13 25 647 169 219 606 522 479 392 477 500
Operating Profit 12 3 4 6 279 134 24 346 367 378 167 137 138
OPM % 41% 17% 25% 18% 30% 44% 10% 36% 41% 44% 30% 22% 22%
Other Income 2 10 13 18 13 14 16 5 9 35 20 11 13
Interest 0 4 5 11 17 18 17 46 42 41 81 85 74
Depreciation 1 1 1 1 1 2 2 2 2 2 4 5 6
Profit before tax 12 9 11 11 273 128 21 303 332 370 103 58 71
Tax % 48% 61% 59% 58% 33% 37% -30% 29% 32% 35% 27% 28%
Net Profit 6 3 3 4 151 68 23 204 214 228 74 42 52
EPS in Rs 0.49 0.25 0.25 0.32 11.99 5.41 1.82 16.20 14.64 15.55 5.06 2.86 3.55
Dividend Payout % 37% 34% 46% 27% 1% 2% 52% 9% 10% 9% 28% 50%
Compounded Sales Growth
10 Years: 41%
5 Years: 20%
3 Years: -12%
TTM: 31%
Compounded Profit Growth
10 Years: 31%
5 Years: 15%
3 Years: -40%
TTM: 73%
Stock Price CAGR
10 Years: 9%
5 Years: 35%
3 Years: 9%
1 Year: 38%
Return on Equity
10 Years: 6%
5 Years: 6%
3 Years: 4%
Last Year: 2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Sep 2021
12 12 12 12 12 12 12 12 14 14 14 14 14
Reserves 382 388 386 388 536 1,458 1,586 1,783 2,616 2,820 2,735 2,758 2,764
Borrowings 390 402 488 508 592 1,071 1,234 944 568 635 921 688 673
712 1,285 1,596 1,805 1,713 1,679 1,340 940 457 458 503 597 1,732
Total Liabilities 1,496 2,088 2,482 2,714 2,853 4,220 4,173 3,679 3,656 3,926 4,173 4,057 5,182
123 83 79 74 74 73 48 72 70 72 55 53 65
CWIP 0 1 0 0 0 0 0 0 0 0 0 10 0
Investments 47 61 67 36 30 30 369 322 220 261 271 258 254
1,326 1,943 2,336 2,603 2,750 4,117 3,756 3,285 3,365 3,593 3,846 3,736 4,863
Total Assets 1,496 2,088 2,482 2,714 2,853 4,220 4,173 3,679 3,656 3,926 4,173 4,057 5,182

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-708 -90 -87 124 -104 -85 -128 243 -169 -8 -78 286
50 0 6 43 17 -158 -76 88 18 72 -18 14
674 88 89 -157 66 335 168 -337 140 -22 88 -332
Net Cash Flow 16 -1 8 10 -21 91 -37 -6 -10 42 -8 -32

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 103 29 792 695 44 253 238 62 119 158 241 199
Inventory Days 7,610
Days Payable 532
Cash Conversion Cycle 103 29 792 695 44 253 238 62 119 158 241 7,277
Working Capital Days 7,901 16,299 20,666 9,226 416 2,864 3,529 877 1,171 1,277 2,011 1,751
ROCE % 2% 2% 1% 2% 28% 8% 1% 13% 13% 12% 5% 4%

Shareholding Pattern

Numbers in percentages

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
66.96 67.16 67.15 67.15 67.14 67.16 67.16 67.16 67.16 67.15 67.15 67.15
24.94 27.14 26.88 26.71 26.85 26.52 23.83 24.30 23.58 23.51 21.28 19.91
2.72 1.46 2.68 2.69 2.69 2.72 2.89 3.25 3.66 3.70 4.00 4.19
5.38 4.24 3.29 3.45 3.32 3.60 6.12 5.28 5.60 5.63 7.56 8.75

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