Investor presentation
Announcement under Regulation 30 (LODR)-Investor Presentation 16 Oct
Source: Bse
Oberoi Realty Limited (OBEROIRLTY)
Mid CapReal Estate stocks · Mid cap · NSE
Oberoi Realty is an Indian real estate developer focused on residential projects and investment properties including commercial, retail, and hospitality assets. The company manages a portfolio of ongoing development projects and operational income-generating properties.
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals18 Oct 2026 · screener
Official result overlay30 Sept 2026 · nse-xbrl
Latest result16 Oct, 04:46 pm IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Real Estate P/E 22.2 (n=72)
Technical timing lens
Trend score and candlestick chart
36BearishSMA20 -3.9% / mo · MACD − · sector -6.4pp vs Nifty 500 (3M)
Stock trend: 30
Sector RS: 44
Sector 3M: -12.0% vs Nifty 500 -5.6%
Real Estate FPI tailwindBuilding
Latest FPI flow is positive, but a second consecutive positive fortnight is still required. View sector evidence
Technical chart
OBEROIRLTYD candles · FIT view-0.6%Latest close ₹1676.40 on 2026-10-19
Bar
-2.4%
RSI
36
MACD hist
-4.20
52W pos
48%
2026-10-19O ₹1717.00H ₹1725.00L ₹1666.80C ₹1676.40Vol 2.6L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
OBEROIRLTYNifty RealtyNifty 500
- OBEROIRLTY
- -11.0%
- Nifty 500
- -5.6%
- Nifty Realty
- -11.0%
- Vs Nifty 500
- -5.4 pp
Chart stats
19 Oct 2026- From 52W high
- -15.6%
- 52W range position
- 48%
- ATR (14)
- 2.7%
- Volume vs 20D
- 0.58x
- Avg traded value
- ₹73.4 Cr
- 20D price channel
- ₹1,663.3 - ₹1,882.9
₹1,986.1
₹1,391.2 - ₹1,986.1
₹45.6
Latest completed session
20-session average
25.9% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · FAIR VALUE55
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad20
Revenue -6.1% · PAT +0.2% YoY
Technical
Bearish36
Price trend and sector-relative-strength timing.
Valuation
Legacy model+30.4%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence79
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Sept 2026
Bad · 20/100Rev -6% YoY · PAT +0% YoY · margin expansion · +28% QoQ · operating leverage
Filed 16 Oct 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹1,671 Cr | -6.1% | +28.4% |
| EBITDA | ₹1,019.2 Cr | -0.1% | +38.8% |
| Operating margin | 61.0% | +399 bps | +456 bps |
| PAT | ₹761.7 Cr | +0.2% | +40.1% |
| PAT margin | 45.6% | +286 bps | +380 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 23.40
- P/B
- 3.24
- EV/EBITDA
- 17.47
- Market Cap
- 61921.00Cr
Profitability
- ROE
- 14.60%
- ROCE
- 17.30%
- ROA
- 9.19%
- Dividend Y
- 0.47%
Growth (CAGR)
- Revenue 5Y
- 24.00%
- EPS 5Y
- 27.00%
- Revenue 3Y
- 13.00%
- EPS 3Y
- 9.00%
Balance Sheet
- Debt/Equity
- 0.14
- Interest Coverage
- 17.37×
- Altman Z
- 5.68
- Book Value
- 525.00
Cash Flow
- FCF Yield
- 1.48%
- FCF Positive Y
- 5/5
- OCF
- 1380.00 Cr
- EPS TTM
- 72.36
Shareholding
- Promoter Hold
- 67.71%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 53%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 4,916+12.4% vs prev
Net Profit
₹ CrLatest: 2,285+29.2% vs prev
Return on Equity
%Latest: 14.2+15.7% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 36.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~4.0% over last month) — short-term momentum negative.
- RSI(14) at 36 — falling, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 16% off 52W high · 21% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
57
RS percentile
Stage 1 Base / Transition
1M return
-6.1%
3M return
-11.0%
6M return
-3.3%
1Y return
-1.9%
RS 1D
0
RS 20D
-11
Sector rank
#12
Industry rank
#18
Stage evidence
- Price is within 3.3% of the 30-week proxy.
- The 30-week proxy changed +2.1% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
neutral
Industry
neutral
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 109.49-0.55%
RS vs Nifty 500109
Valuation & peers
U-Score 55 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 55 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Financial Turnaround
Fundamental score breakdown
U band · FAIR VALUEValuation7/30
Growth16/25
Quality12/20
Balance Sheet10/15
Cash Flow5/10
Piotroski
8/9 (+5)
Penalties
0
Raw sum
55
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
55/100 · legacy band FAIR VALUE
Positive drivers
- Piotroski is strong at 8/9.
- Fair-value margin of safety is positive at 30.4%.
- Balance sheet contributes 10/15 to the score.
Main drags
- Valuation is weaker at 7/30; verify the latest quarterly trend.
- Cash flow is weaker at 5/10; verify the latest quarterly trend.
- Quality is weaker at 12/20; verify the latest quarterly trend.
Sector valuation model
Real estate valuation: NAV, pre-sales, debt, and inventory quality
Real estate valuation depends more on project economics and balance sheet than simple PE.
Primary lens
NAV and market cap versus project pipeline and pre-sales.
Secondary checks
Inventory age, net debt, collections, execution record.
Main risk check
Book value can overstate value if inventory is slow or debt is high.
PE
23.4
PB
3.2
EV/EBITDA
17.5
ROE
14.6%
ROCE
17.3%
FCF Yield
1.5%
Debt/Equity
0.1
MoS
+30.4%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
55
Previous: 55
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+30.4%
Previous: +30.4%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
55
55
55
55
55
55
55
46
55
55
55
55
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹924.53
-81.3% MoS
Growth-justified P/E
33.3
Growth-justified Value
₹2,409.59
+30.4% MoS
PEG
1.18
Comparable companies
Peers
Business-comparable peers in Real Estate — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
PRESTIGE
Mid
Prestige Estates Projects Limited
Real Estate
match 173
25
55.8
7.5%
-67%
OVERVALUED
GODREJPROP
Mid
Godrej Properties Limited
Real Estate
match 164
33
29.6
8.8%
+10%
WATCHLIST
LODHA
Large
Lodha Developers Limited
Real Estate
match 162
64
25.6
15.5%
+25%
UNDERVALUED
ASHIANA
Small
Ashiana Housing Limited
Real Estate
match 161
55
32.8
13.8%
+7%
FAIR VALUE
SUNTECK
Micro
Sunteck Realty Limited
Real Estate
match 161
56
18.9
5.8%
+45%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis under stressReviewed 2026-07-24T08:16:02.744Z
Management commentary snapshot
Q1FY27 revenue from operations grew 31.7% YoY, with net profit up 29.0% YoY, driven by strong rental income and project revenue recognition. However, residential area booked and gross booking value declined significantly YoY, raising concerns about future sales momentum.
While reported revenue and profit grew strongly YoY, the substantial decline in residential area booked (-32.5% YoY) and gross booking value (-26.3% YoY) in Q1FY27 suggests a slowdown in new sales momentum for the core development business. This could impact future revenue recognition and cash flow generation.
Current business mix
Revenue from Operations by Segment (Q1FY27)
Latest issuer-disclosed distribution across 5 reported categories.
Revenue from Projects67.6%
Revenue from Rent25.4%
Revenue from Hospitality3.6%
Property Management Revenues2.9%
Other Operating Revenues0.5%
Growth engines
Rental Income Growth
positiveRevenue from Rent grew 18.4% YoY to Rs. 33,110 Lakh in Q1FY27, supported by high commercial occupancy (98%).
Project Revenue Recognition
positiveRevenue from Projects increased 38.9% YoY to Rs. 87,958 Lakh, indicating progress in project completion and handover.
New Project Bookings
positiveJardin and Oceanic projects, where completion is 'yet to reach threshold', recorded new bookings of 53,542 sqft and 9,507 sqft respectively in Q1FY27.
Capacity and execution
Elysian Project Progress
neutralProject completion for Elysian T-A is 86%, T-B is 78%, T-C is 57%, and T-D is 47% as of June 30, 2026.
Forestville Project Progress
neutralProject completion for Forestville T-B is 56%, T-C is 55%, and T-A is yet to reach threshold as of June 30, 2026.
Sky City Project Progress
neutralProject completion for Sky City T-F is 92%, T-G is 76%, and T-H is yet to reach threshold as of June 30, 2026.
Tailwinds
High Commercial Occupancy
positiveCommercial properties maintained a high occupancy rate of 98% in Q1FY27, contributing to stable rental income.
Brand Recognition
positiveOberoi Mall and Sky City Mall received 'Most Admired Shopping Centre' awards at MAPIC India Awards 2026.
Headwinds
Decline in New Residential Sales
negativeResidential area booked and gross booking value saw significant YoY declines in Q1FY27, indicating weaker new sales.
Increased Net Debt
negativeNet debt to equity ratio increased to 0.04 in Q1FY27 from 0.01 in Q1FY26.
Risk radar
Residential Sales Momentum
negativeThe substantial YoY decline in area booked and gross booking value for residential projects poses a risk to future revenue and cash flow.
Project Execution and Delivery
neutralSeveral large projects (Elysian, Jardin, Forestville, Sky City, Oceanic) are still under various stages of completion, carrying inherent execution risks.
Borrowing Costs
negativeAn increase in net debt to equity could expose the company to higher finance costs, impacting profitability.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare BOTH
YoY comparison is crucial for real estate due to project-based revenue recognition and seasonality. QoQ provides insight into sequential momentum for bookings, collections, and operational performance of investment properties.
Sector KPIs management disclosed
Residential Area Booked
negativeArea booked in Q1FY27 was 2,28,510 sqft, a decrease of 32.5% compared to 3,38,339 sqft in Q1FY26.
Gross Booking Value (GBV)
negativeGross Booking Value for Q1FY27 was Rs. 1,04,988 Lakh, down 26.3% from Rs. 1,42,503 Lakh in Q1FY26.
Collections
neutralAmount collected in Q1FY27 was Rs. 92,140 Lakh, a slight increase of 0.2% from Rs. 91,968 Lakh in Q1FY26.
Revenue Recognized (Projects)
positiveRevenue from Projects in Q1FY27 was Rs. 87,958 Lakh, up 38.9% from Rs. 63,320 Lakh in Q1FY26.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Residential Area Booked (sqft) | 2,28,510 (Q1FY27) | Sequential and YoY growth in new bookings to confirm demand and pipeline replenishment. |
| Gross Booking Value (Rs. Lakh) | 1,04,988 (Q1FY27) | Improvement in booking value to offset the Q1FY27 decline and support future revenue recognition. |
| Net Debt to Equity | 0.04 (Q1FY27) | Stabilization or reduction in net debt to equity to manage financial leverage and costs. |
| Project Completion Status | Varies by tower/project (e.g., Elysian T-A 86%, Jardin 'yet to reach threshold') | Timely progress and completion of ongoing development properties to ensure revenue recognition and cash inflows. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
79Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 88th percentile of the scored universe and 97th percentile within Real Estate. No major sub-score weakness stands out.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 20 Oct 2026
management-trust-v1
51 docs text-extracted · 13 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
88th percentile
overall median 67 · Real Estate: 97th pctile, median 61 · Mid: 67th pctile, median 76
Evidence depth
Financial-only
51 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
60
acceptable · capital discipline
Results
82
strong · quarterly consistency
Trust positives
- ▸Promoter holding is 67.7%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 1.5%.
- ▸5 years of positive FCF.
Trust risks
- ▸2 older quarters in the 8-quarter window had PAT decline worse than 25% YoY.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Oberoi Realty Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s 16 Oct - B S R & Co. LLP appointed statutory auditors for five years from AGM 2027, subject to member approval.
Source: Bse
Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 1 Oct - CARE reaffirmed Oberoi Realty’s ratings for bank facilities, NCDs and commercial paper; NCD amount reduced to Rs. 880 crore.
Source: Bse
Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 3 Sep - NSE Sustainability Ratings assigned Oberoi Realty ESG rating 73, down from 74, in Leader category.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 27 Aug - Oberoi Realty scheduled investor meetings on September 1 and 21, 2026 in Mumbai.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 27 Aug
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 10 Aug - Oberoi Realty schedules investor meetings on August 13 and 17, 2026 in Mumbai.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 10 Aug - Oberoi Realty scheduled investor meets on August 13 and 17, 2026 in Mumbai.
Source: Bse
Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 6 Aug - SES ESG Research assigns Oberoi Realty ESG score 69.5 for 2026, up 0.7 year-on-year.
Source: Bse
Investor presentation
Announcement under Regulation 30 (LODR)-Investor Presentation 17 Jul
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 6 Jul - Oberoi Realty records ₹8,109 crore gross bookings at Three Sixty North, Gurugram.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 29 Jun - Oberoi Realty launches 14.8-acre ultra-luxury Three Sixty North in Gurugram, Phase 1 starting at Rs. 18 crore.
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.