B-right Realestate Ltd

BSE: 543543

₹ 912.9-0.01%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 943 crWebsite: www.b-rightgroup.comUpdated: 24 Oct 2026

About

B-Right Realestate Ltd is a Mumbai real estate developer that focuses on slum rehabilitation (SRA) and redevelopment projects across the city's micro-markets. It reported FY26 revenue of 167.79 (Rs crore) and pre-sales of ₹286.4 cr in FY26. As of FY26 it had 11 ongoing projects and a pipeline of 19 upcoming SRA and redevelopment projects with ₹7,546 cr of GDV.^[1][2]

Business focus

The strategy is focused on SRA and redevelopment projects across Mumbai micro-markets, and projects are selected using an IRR-driven approach (FY26).^[2]
In FY25, the portfolio had 24 partnership projects worth ₹7,431.23 crores of GDV (average about ₹310 cr each) and 7 own-development projects worth about 945 cr.^[3]
Revenue comes from SRA, redevelopment and civil construction. The FY25 split shows shares of 85% and 62% across FY24 - FY25, but the source does not clearly say which share belongs to which segment.^[3]

Pre-sales and collections

Pre-sales were ₹286.4 cr in FY26, compared with ₹186 cr in FY25 and ₹97 cr in FY24.^[2]
Area sold was 1,29,726 sq ft in FY26.^[2]
Collections were ₹124.24 cr in FY26.^[2]
Unsold inventory in ongoing projects stood at 358,972 sq ft in FY26, compared with 3,28,839 sq ft (969 units) in the FY25 presentation.^[2][3]

Ongoing projects

As of FY26, the 11 ongoing projects carry ₹1,840 cr of projected revenue. ₹191 cr of it has been recognised, leaving ₹1,649 cr unrecognised.^[2]
As of FY26, ₹405 cr of receivables were due on units already sold in ongoing projects.^[2]
The ₹1,649 cr of unrecognised revenue is due to be recognised as projects complete, between Aug 2026 and Dec 2029.^[2]
Ambika Nagar SRA (₹951 cr projected revenue) is targeted for completion by Mar 2028, and Nirvana, Malad East (₹182 cr) by Dec 2026.^[2]

Upcoming pipeline

As of FY26, 19 upcoming SRA and redevelopment projects add about 27.7 lakh sq ft of free-sale area and ₹7,546 cr of GDV.^[2]
The largest upcoming projects are Sky 54 (₹2,145 cr GDV), Grandeur (₹1,577 cr) and Shivaji Nagar (₹1,206 cr), as of FY26.^[2]
In FY25, the portfolio had 31 projects with an estimated GDV of 8,376.28 cr, and upcoming projects made up 89% of it.^[3]

Funding

Gross debt was ₹187 cr in FY26.^[2]
The FY25 annual report sought approval to accept fixed deposits of up to Rs 14.02 crore from members and up to Rs 35.05 crore from the public. The scheme would be credit rated every year.^[4]

Recent developments

Sanjay Nathalal Shah's designation changes from Whole Time Director to Chairman and Managing Director, for five years from 27 Sep 2025.^[4]
The FY25 annual report sought approval to pay remuneration above statutory limits: for the MD, above 5% of net profit, and for all directors together, above 11%.^[4]

Market Cap

₹943 Cr

High / Low

₹1,011 / 339

Stock P/E

26.9

Price / Book

5.4

Book Value

₹171

EPS

₹34.0

No. of Shares

1.03 Cr

ROCE

21.9%

ROE

20.6%

OPM

38.8%

Debt / Equity

1.06

Sales

₹168 Cr

Net Profit

₹46 Cr

Promoter holding

73.2%

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