Eldeco Housing & Industries Ltd(ELDEHSG)

NSE: ELDEHSGBSE: 523329

₹ 730.2+0.00%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 718 crWebsite: www.eldecogroup.comUpdated: 27 Oct 2026

About

Eldeco Housing & Industries Ltd (EHIL) is a Lucknow-focused residential real estate developer that has delivered 69 landmark projects encompassing approximately 16.9 million square feet of residential, commercial, township and mixed-use developments over four decades. The company operates in both horizontal township and vertical group housing formats, targeting the middle-income segment, and recorded FY26 booking value of ₹743.9 crore - an all-time record - on consolidated revenue of ₹164.93 crore. EHIL follows a single-market strategy concentrated entirely in Lucknow, with no export activity.^[1][2][3]

Key operating numbers

FY26 booking value: ₹743.9 crore (+120.4% YoY); area booked: 10,76,654 sq ft (+109.5% YoY) - both all-time records, driven by the Solano Gardens launch.^[3][1]
Q1 FY27 bookings fell to ₹105.7 crore / 1,25,917 sq ft (−52.2% YoY, −72.4% QoQ) following the exceptional launch-driven Q4 FY26.^[4]
Q1 FY27 collections: ₹131.2 crore (+68.2% YoY), driven by construction-linked milestone receipts. FY26 full-year collections: ₹352.1 crore (+38.7% YoY).^[4][3]
Average realization: ₹8,391 per sq ft in Q1 FY27; ₹6,909 per sq ft in FY26 vs ₹6,568 per sq ft in FY25, up from ₹3,500 per sq ft in FY20.^[4][3][5]
Balance pending collections from ongoing projects: ₹613.2 crore as of Q1 FY27 (vs ₹604 crore at end of Q4 FY26).^[4][3]
FY26 deliveries: 280 homes across 2.78 lakh sq ft. Q1 FY27 deliveries: 52 units / 49,405 sq ft (−48.5% YoY in units).^[1][4]

Products and active project brands

EHIL develops horizontal townships (plots and villas) and vertical group housing (multistorey apartments), with a focus on the middle-income segment.^[1]
Active project portfolio as of FY26: Eldeco Latitude 27, Eldeco Trinity, Eldeco Hanging Gardens, Eldeco Skywalk, and Eldeco Solano Gardens (launched FY26).^[1]
Eldeco Trinity's third tower (Faith, 1,46,955 sq ft) was launched in mid-June 2026; 2 - 3 bookings in June with a pipeline of 20 - 25 bookings reported in conversion in July - August 2026.^[4]
Eldeco Solano Gardens (54-acre township, New Jail Road, Lucknow): 343 of 433 launched units sold in the launch phase, booking ₹384.5 crore across ~5.11 lakh sq ft of plots and villas.^[3]

Land bank and project pipeline

Total land bank for forthcoming projects: 95.5 acres as of Q1 FY27, after the execution of a binding contract for 50.3 contiguous acres at a prime Lucknow location.^[4]
Forthcoming projects saleable area pipeline: 33,89,248 sq ft (3.4 mn sq ft) as of Q1 FY27, with the dominant portion (serial numbers 4 - 7) expected to launch within FY27 pending regulatory approvals.^[4]
Three strategic land parcels secured in Lucknow's key growth corridors in Q4 FY26 (two via LDA auctions), adding ~₹2,000 crore GDV; total saleable area approximately 2 million sq ft.^[3][1]
Total GDV pipeline across sold inventory, unsold ongoing inventory and yet-to-be-launched projects estimated at ~₹4,000 crore over 5 - 6 years as of Q4 FY26.^[3]

Ongoing projects and completions

Five ongoing projects with balance pending collections of ₹604 crore as of FY26-end; expected completions between November 2027 and June 2029.^[1]
Imperia Phase 2 received its completion certificate in Q4 FY26 and possession was offered ahead of schedule; ~85% of Q1 FY27 revenue was attributable to this project.^[3][4]
Imperia Phase 2 delivered a gross margin of ~60% on the project in Q1 FY27, lifting blended EBITDA margin to 37.1% vs 17.6% in Q1 FY26.^[4]

Market position and geography

EHIL pursues a single-market strategy in Lucknow, having deepened its presence over four decades rather than pursuing geographic diversification; no export activity.^[1]
69 landmark projects delivered to date, encompassing approximately 16.9 million sq ft of residential, commercial, township and mixed-use developments.^[1]
Lucknow registered a 25% increase in residential units sold and a 48% rise in sales value to ₹1,797 crore in Jan - Mar 2025, the highest growth among tier-2 cities.^[6]

Expansion and capex

50.3-acre contiguous parcel in a prime Lucknow location under legally binding contract as of Q1 FY27; planned for large horizontal development - GDV and layout under internal deliberation.^[4]
Solano Gardens subsequent phases, including group housing multistorey apartments, planned for launch within FY27; overall project GDV targeted at over ₹1,000 crore over approximately 5 years.^[5]
As of Q2 FY26, the company was pursuing land acquisition in Gorakhpur with token advances paid on some term sheets - characterised by management as early-stage.^[7]

Recent developments

Legally binding contract executed for 50.3 acres of contiguous land in Lucknow plus ~15 acres of additional aggregation completed, bringing the forthcoming land bank to 95.5 acres (disclosed Q1 FY27 call, July 2026).^[4]
UP government urban development policy (February 2026) liberalised floor area ratio norms and shortened project approval timelines; management expects this to benefit established, well-capitalised developers disproportionately.^[1]
Two small commercial projects - Eldeco City Courtyard (37,342 sq ft saleable) and Eldeco Imperia Avenue (25,411 sq ft saleable) - received layout approvals in Q3 FY26.^[5]
Bareilly related-party investment of ₹39 crore principal fully recovered in Q3 FY26, aggregating ~₹55 crore including committed minimum return.^[5]
Staff headcount grew from 68 employees as of 31 March 2025 to 85 employees as of 31 March 2026, of whom 33 have rendered services for more than 5 years.^[6][1]

Market Cap

₹718 Cr

High / Low

₹1,061 / 708

Stock P/E

19.8

Price / Book

1.8

Book Value

₹406

EPS

₹24.7

No. of Shares

0.98 Cr

ROCE

7.7%

ROE

6.2%

OPM

23.2%

Debt / Equity

0.38

Sales

₹165 Cr

Net Profit

₹24 Cr

Promoter holding

54.8%

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