Aditya Birla Real Estate Ltd(ABREL)

NSE: ABRELBSE: 500040

₹ 1,043.35-3.82%refreshed 23 Oct, 03:51 pm ISTMarket cap: ₹ 11,654 crNext results: 26 Oct 2026Website: www.centurytextind.comUpdated: 24 Oct 2026

About

Aditya Birla Real Estate Limited (ABREL) is a premium and luxury residential real estate developer operating under the Aditya Birla Group brand, with projects across Mumbai Metropolitan Region (MMR), NCR, Bengaluru and Pune. Following the conclusion of its Century Pulp & Paper divestment to ITC on August 1, 2026, the company operates as a focused real estate business with net debt reduced to near zero. Its total portfolio GDV stands at ₹73,858 Cr across 34.7 Mn sqft as of June 2026.^[1][2]

Business segments

In FY26, the Pulp & Paper segment contributed ₹3,062.54 Cr in revenue (88.3% of total) before its divestment; the Real Estate segment contributed ₹345.29 Cr (10.0%).^[3]
Century Pulp & Paper was sold to ITC via slump sale for ₹3,498 Cr; transaction concluded August 1, 2026, with ₹3,325 Cr (~95% of consideration) received and balance subject to working capital adjustments.^[1][2]
Post-divestment, ABREL describes itself as a pure-play real estate company, run through Birla Estates Private Limited, a 100% subsidiary.^[2][1]

Portfolio and brands

As of FY26 the portfolio had 19 residential and 2 commercial projects: 14 ongoing and 8 new launches.^[2]
Projects are sold under the Birla Estates brand and designed under the LifeDesigned® and Nature-Culture-Architecture (NCA) frameworks.^[2]
Sustenance sales potential from ongoing launched projects is ₹6,917 Cr and estimated surplus cash flow potential from launched projects is ₹9,471 Cr as of June 2026.^[1]
FY27 launch pipeline stands at ₹9,596 Cr GDV across 6 projects, with most launches planned for Q3 and Q4 FY27.^[1]
Eight projects/phases were launched in FY26.^[2]

Key operating numbers

FY26 bookings were ₹8,136 Cr, holding at the previous year's record level; collections were ₹3,341 Cr, up 23.5% YoY, with 99% collection efficiency.^[2]
Q1 FY27 net booking value: ₹329 Cr, down 22% YoY from ₹422 Cr in Q1 FY26; gross sales exceeded ₹700 Cr, with the decline driven by cancellations at Birla Niyaara and Birla Arika.^[1]
Q1 FY27 collection value: ₹713 Cr, up 31% YoY from ₹545 Cr in Q1 FY26; collection efficiency at 98%.^[1]
NCR was the largest regional contributor at 46% of FY26 bookings, driven by near-complete sellout of Birla Arika Phase 2.^[4]
Birla Taranya marked entry into Thane with FY26 sales of ₹952 Cr, and crossed ₹1,000 Cr booking value within three months of RERA approval.^[2][1]

Commercial assets

The commercial portfolio has a total leased area of 1.2 million sq. ft. across 2 projects as of FY26.^[2]
Birla Aurora and Birla Centurion are both 100% occupied, generating combined quarterly gross lease rental of ₹37 Cr in Q1 FY27.^[1]
Net leasing income was ₹34.8 Cr in Q1 FY27, up 27% vs Q1 FY26.^[1]

Customers

The real estate business serves buyers of high-end homes and business clients leasing its premium commercial properties.^[2]

Expansion and capex

Commercial office tower at Birla Niyaara (Worli): ~1.3 Mn sqft; construction commencement targeted before end of FY27; targeting ₹800 Cr annual leasing income on stabilisation in ~4 years.^[1]
Vashi redevelopment (Navi Mumbai): GDV ~₹2,600 Cr, 90% ABREL economic interest, ~1 Mn sqft saleable; launch targeted Q2 FY28.^[1]
Khar (West) redevelopment JV with Parinee, GDV ~₹1,700 Cr, targeted for Q4 FY27 launch with demolition commenced; redevelopment portfolio ~₹4,300 Cr GDV.^[1][2]
FY27 construction spend guided at ₹1,200 - 1,300 Cr, with ₹437 Cr spent in Q1 FY27.^[1]
Business development target for FY27: ₹10,000 - 15,000 Cr GDV from a pipeline of >₹60,000 Cr in advanced discussions.^[1]

Recent developments

23 Oct 2026: Birla Estates added a premium residential project in Hinjewadi, Pune on 5.62 acres, with 1.25 million sq. ft. saleable area and revenue potential of ₹1,650 Cr.^[5]
Pulp & Paper divestment concluded August 1, 2026, reducing consolidated net debt to near zero from ₹3,438 Cr as of June 2026.^[1]
Birla Niyaara Tower C (Worli, GDV ₹13,792 Cr total; ₹4,868 Cr FY27 tranche): RERA expected by end of Q2 FY27; launch targeted early to mid Q3 FY27.^[1]
CARE Ratings revised the outlook on ABREL's and Birla Estates' long-term debt to Positive from Stable as of October 1, 2026.^[6]
IFC invested ₹4,200 Mn for a 44% economic interest in SPVs covering Pune and Thane projects; Birla Estates also has a JV with Mitsubishi Estate Co. Ltd.^[7][2]

Market Cap

₹11,654 Cr

High / Low

₹1,914 / 1,005

Stock P/E

-50.2

Price / Book

3.1

Book Value

₹331

EPS

₹-9.2

No. of Shares

11.17 Cr

ROCE

-4.2%

ROE

-2.7%

OPM

-81.6%

Debt / Equity

1.52

Sales

₹407 Cr

Net Profit

₹-338 Cr

Promoter holding

50.2%

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Aditya Birla Real Estate Ltd(ABREL)

About

Business segments

Portfolio and brands

Key operating numbers

Commercial assets

Customers

Expansion and capex

Recent developments

Signal history

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