Real Estate related services industry
9 companies · ₹1,100 cr · 1 with AI deep dives · Q1FY27 report
Launch deferrals flatter Q1 demand; Middle East headwinds and approval bottlenecks load FY27 risk into H2
- Revenue YoY
- +511.8%
- EBITDA margin
- 43.2%
- +3290bps YoY
- Price, 1 year
- -4.2%
- 50% of names up
- P/E vs own 5y
- -34.5%
- 10.8x now
Exhibit 1The quarter in numbers
constant panel of 6 companies above ₹500 cr- Jun 26
- 208 cr
- Mar 26
- 41 cr
- QoQ
- +407.3%
- Jun 25
- 34 cr
- YoY
- +511.8%
- Peak
- 208 cr
- vs peak
- 0.0%
- Jun 26
- 43.2%
- Mar 26
- -36.6%
- QoQ
- +7980bps
- Jun 25
- 10.3%
- YoY
- +3290bps
- Peak
- 47.8%
- vs peak
- -460bps
Breadth: 67% of 6 companies grew revenue year on year (was 67% a quarter earlier) and 33% expanded margin (was 17%).
Exhibit 2What it costs
4.2x - 11.7x across the panel todayThe median name trades at 10.8x, -34.5% against this industry's own 5-year median of 16.4x, and -73.1% against its own peak of 39.9x.
Exhibit 3Structure
₹1,100 crP.E. Analytics Ltd is 23.8% of this industry by market cap. The top 5 are 84.5% and the top 10 are 100%.
Exhibit 4Screen
P/E below the sub-industry median of 10.75x, 5y ROCE above its median of 20.03%, and at least 2 growth triggers stated on the latest earnings call.
Which names clear this screen is premium
The screen runs on stated growth triggers from the latest earnings calls - the same guidance data the stock screener reserves for premium. Premium names every company in this industry that is cheap against its own median and has the triggers behind it.
See plans →Exhibit 5Coverage (9 of 9)
Every company here with a deep dive, topped up by market cap. The rest of the industry is in the appendix.
- Mcap
- ₹83 cr
- P/E
- 9.7x
- EV/EBITDA
- -
- ROCE
- 4.8%
- Margin
- 24.3%
- Rev YoY
- +623.5%
Exhibit 6What managements said
from Realty earnings calls · as of 2026-06-30At least seven developers characterised Q1 pre-sales softness as a timing decision rather than a demand signal. Reasons ranged from awaiting regulatory clearances (DLF-Aureva…
- LODHA (Q1FY27): “Pre-sales for the quarter were INR 46.3 billion, up 4% year-on-year. That is below our…”
Exhibit 7Outlook
The outlook and what resolves next quarter
Where these managements said things are heading, and the dated, checkable events that would change it. Free with an account - 3 full reports a quarter.
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