Shriram Properties Ltd(SHRIRAMPPS)

NSE: SHRIRAMPPSBSE: 543419

₹ 64.32+0.20%refreshed 27 Oct, 12:08 pm ISTMarket cap: ₹ 1,098 crWebsite: www.shriramproperties.comUpdated: 27 Oct 2026

About

Shriram Properties Ltd is a Bengaluru-based residential real estate developer operating across South and East India, with projects in Chennai, Kolkata, Bangalore, and Pune. Its total pipeline (ongoing and upcoming) stands at 33.7 msf with a GDV potential of approximately ₹13,530 crores as of Q1 FY27.^[1][2][3]

Key operating numbers

Pre-sales value in Q1 FY27: ₹484 crores, the highest ever for a first quarter, up 10% YoY; sales volume 0.85 msf, up 4% YoY.^[2]
Collections in Q1 FY27: ₹365 crores, up 8% YoY; 690 units handed over in the quarter.^[2]
Full-year FY26 pre-sales value: ₹2,354 crores on volume of 4.15 msf (up 4% YoY); collections reached an all-time high of ₹1,661 crores, up 12% YoY.^[3]
Customer handovers in FY26: 3,465 units, up 10% YoY; Q4 FY26 alone saw record 1,348 units handed over.^[3]
Unsold inventory GDV in ongoing projects: ₹1,970 crores as of Q1 FY27.^[2]

Project pipeline and land bank

Total pipeline (ongoing + upcoming) stands at 33.7 msf with GDV potential of ~₹13,530 crores as of Q1 FY27.^[2]
Over 7.3 msf of projects with GDV of ₹6,000+ crores are at advanced business-development stage, expected to be added within 3 - 6 months of Q1 FY27.^[2]
In FY26, 7 projects aggregating ~3.5 msf with GDV of ₹3,500 crores were added to the pipeline; new project investment was ₹372 crores, described as among the highest in any single year.^[3]
Kolkata land bank: post settlement with Government of West Bengal (42.37 acres conveyed), approximately 105 - 110 developable acres remain for monetization via plots, villas and apartments.^[2][4]

Products and geographies

SPL entered Chennai's premium residential segment in Q1 FY27 with Shriram Stellar; approximately 20% of inventory sold in the launch weekend.^[2]
Branded plotted development launched in Kolkata (Shriram Southbrook) in Q1 FY27; approximately 55% of plot inventory sold within 30 days.^[2]
Pune market entry via Spectrum (Undri): 300+ units sold in less than one year of launch, capturing 33%+ market share of sales in the Undri micro-market for FY26.^[3]
Villa format introduced in Kolkata (Skybloom Villas, Uttarpara): nearly all 4/5-bedroom inventory sold within 3 - 4 weeks at a ticket size of ₹1.8 crores versus historical ₹40 - 60 lakh apartments in the micro-market.^[4]
Bangalore launches face regulatory delays: multiple projects still awaiting plan sanctions as of Q1 FY27; BBMP restructuring into five corporations disrupted OC and eKhata processing through FY26.^[2][5]

Balance sheet and debt

Gross external debt: ₹651 crores as of June 2026; net debt ₹432 crores; net debt-to-equity 0.29x.^[2]
Free cash flow before new project investment was ₹135 crores in Q1 FY27; after ₹88 crores of new project investment, net FCF was ₹47 crores.^[2]
Cost of debt: 11.2% as of March 2026, down from 12.5% at March 2023; CRISIL rating A- with Positive outlook.^[3][5]
Finance costs fell 18% YoY to ₹86.2 crores in FY26.^[3]

Expansion and business development

FY27 new project investment budgeted at approximately ₹350 - 400 crores to support a pipeline addition target of 7 - 8 msf with GDV of ₹5,000 - 6,000 crores.^[3]
Total construction spend (including GST) in FY27 targeted at ₹900 - 1,000 crores.^[3]
Pune pipeline: Manjari project (2.3 msf) revised to Q3 FY27 launch; Hinjewadi apartment (0.69 msf) also targeting Q3 FY27.^[2]
Kolkata land bank targeted to generate ₹1,200 - 1,400 crores of free cash flow over approximately five years via plots, villas and apartments; per-acre contribution of ₹6.5 - 7.5 crores from plots/villas versus ₹3 - 4.5 crores from bulk land sales.^[2]

FY27 guidance

FY27 sales volume guidance: 5.0 - 5.5 msf; sales value: ₹3,300 - 3,500 crores; collections: ₹2,100 - 2,200 crores; handovers: 3,750 - 3,800 units.^[2][3]
Over 2,900 units representing ₹1,560 crores of revenue potential are scheduled for handover in H2 FY27.^[2]
FY28 targets: sales value ~₹5,000 crores, revenues ~₹2,500 crores, PBT ₹250+ crores.^[2][3]

Recent developments

CMD Murali Malayappan completed acquisition of Holdco shares via inter-se promoter transfer, raising his effective holding from 7.42% (September 2024) to 27.67%, making him the largest individual shareholder.^[2]
Long-pending dues with Government of West Bengal settled in Q3 FY26 by conveying ~42.37 acres; aggregate liability of approximately ₹259 crores discharged with no cash outflow.^[4]
FY27 launch plan of ~6 msf is heavily back-ended with five of eight remaining projects targeting Q3 - Q4 FY27; Q1 FY27 launches totalled 0.9 msf.^[2]

Market Cap

₹1,098 Cr

High / Low

₹100 / 61

Stock P/E

11.8

Price / Book

0.7

Book Value

₹86

EPS

₹5.9

No. of Shares

17.07 Cr

ROCE

8.1%

ROE

7.2%

OPM

12.3%

Debt / Equity

0.42

Sales

₹1,267 Cr

Net Profit

₹101 Cr

Promoter holding

27.9%

Loading chart…

Signal history

AI Deep Dive

The analysis Screener can't give you

Our models read the latest earnings call, annual report, and financials end-to-end - then grade management, value the business, and flag the risks. Unlock all of it for this company:

Verdict
The headline call - descriptive label, conviction, and the synthesis behind it.
Valuation
Guidance-anchored P&L bridge - worst / average / best multiple cases.
Walk the talk
Did management deliver on past guidance? A commitment-by-commitment scorecard.
Red flags
Forensic and governance risk pointers, severity-ranked.
Balance sheet
Solvency and earnings-quality score.
Concall briefs
Quarter-by-quarter earnings-call briefs - what changed and why.

₹49 unlocks this company for 90 days, ₹299 for a full year - bundles bring it lower. Built on public disclosures - educational, not investment advice.

AI Deep Dive

Verdict

Locked

The headline call - descriptive label, conviction, and the synthesis behind it.

Company data

Financials