Sunteck Realty Limited (SUNTECK)
Micro CapReal Estate stocks · Micro cap · NSE
Sunteck Realty is a founder-led, professionally-managed developer of premium homes and offices in the Mumbai Metropolitan Region (MMR). With 15+ years of delivery across 20 projects, the company focuses on risk-managed development across micro-markets, models (outright, JV/JDA, redevelopment), and customer segments from uber to aspirational luxury.
One read, four checks
75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.
Mixed fundamentals, management trust is acceptable, price trend argues for patience, and recent execution is consistent.
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
low confidence · 0/0 claims checked
Timing lens: price trend and sector relative strength.
Rolling lens: recent quarterly delivery, not the latest single-result score.
Quarter ended 30 Jun 2026
Good · 60/100Rev +2% YoY · PAT +27% YoY · margin expansion · operating leverage
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹192 Cr | +2.1% | -43.4% |
| EBITDA | ₹67 Cr | +39.6% | -30.9% |
| Operating margin | 35.0% | +1000 bps | +700 bps |
| PAT | ₹42 Cr | +27.3% | -33.3% |
| PAT margin | 21.9% | +433 bps | +330 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Where growth can come from, and what can break the case
Sunteck Realty reports strong Q1 FY27 operational performance with presales up 20% YoY to Rs 787 cr and collections up 17% YoY to Rs 409 cr. Net cash surplus surged 79% YoY, while net debt/equity remained conservative at 0.07x.
The company continues to demonstrate robust operational growth, particularly in presales and collections, while maintaining a strong balance sheet with low leverage. The substantial GDV pipeline and strategic project additions support long-term visibility, aligning with a thesis of disciplined, capital-efficient growth in the MMR.
Q1 FY27 Pre-sales by Customer Segment
Latest issuer-disclosed distribution across 3 reported categories.
Diversified Project Pipeline
PositiveTotal GDV of ~Rs 42,700 cr provides several years of launches already secured across 10 micro-markets and three customer segments.
Capital-Light Development Models
PositiveStrategic use of JV/JDA (50% of GDV) and redevelopment (3% of GDV) alongside outright acquisitions (26% of GDV) allows for capital-efficient growth.
Annuity Income Growth
PositiveAnnuity book is on track to reach ~Rs 450 cr by FY29E from Rs 76 cr currently, driven by commercial assets like 5th Avenue and ODC.
New Project Additions
PositiveRs 4,950 cr of GDV added across three new projects in the past 12 months: Sunteck Park (Mira Road 2), Andheri Kurla - Sahar, and Andheri, WEH.
Strong Housing Demand in MMR
PositiveThe company's diversified presence across micro-markets and customer segments in MMR allows it to capture demand as incomes rise.
Project Approval Delays
NeutralA significant portion of GDV is 'To-be Launched' (Rs 16,100 cr) and 'Upcoming for Launch' (Rs 18,230 cr), indicating reliance on timely approvals.
Execution Risk for Large Pipeline
NeutralManaging a total GDV of Rs 42,700 cr across multiple projects and development models requires robust execution capabilities.
Management accountability
What management said, and what results must prove
Management accountability
What management said, and what results must prove
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.
Real estate performance is best assessed year-over-year to account for project-specific launch cycles, construction timelines, and seasonal demand patterns, which can cause significant quarterly fluctuations. The document also primarily presents YoY comparisons for key metrics.
Presales
PositiveQ1 FY27 presales of Rs 787 cr, up 20% YoY. FY26 presales were Rs 3,157 cr, up 25% YoY.
Collections
PositiveQ1 FY27 collections of Rs 409 cr, up 17% YoY. FY26 collections were Rs 1,433 cr, up 14% YoY.
Total GDV
PositiveTotal Gross Development Value (GDV) as of Q1 FY27 is Rs 42,700 cr, net of sales already effected. This is up from Rs 41,030 cr in FY26.
Net Debt / Equity
NeutralNet debt / equity stood at 0.07x in Q1 FY27, slightly up from 0.06x in FY26, but remains conservative. The company holds an AA long-term rating from India Ratings.
Focus on Cash Flow Generation
PositiveManagement emphasizes running the business on cash flow, not accounting revenue, evidenced by consistent net operating cash surplus.
Strategic Land Acquisition Filters
PositiveAcquisition filters remain unchanged: research-led micro-market selection, entering growth corridors early, and high equity-multiple threshold on deals.
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Presales Growth | Q1 FY27: +20% YoY (Rs 787 cr) | Sustained double-digit YoY growth, indicating continued market acceptance and successful project launches. |
| Net Debt / Equity | Q1 FY27: 0.07x | Maintenance of conservative leverage, especially with ongoing business development spend and project execution. |
| Annuity Book Expansion | FY26: Rs 76 cr | Progress towards the stated target of ~Rs 450 cr by FY29E, diversifying revenue streams. |
| GDV Additions & Launches | Rs 4,950 cr GDV added in past 12 months | Consistent addition of new projects and conversion of 'To-be Launched' GDV into 'Launched' status. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trend score and candlestick chart
20Bearishfull bear SMA stack · SMA20 -2.2% / mo · MACD − · near 52W low
Technical chart
SUNTECKdaily · 1Y · AUTO-20.0%Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 46.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~2.3% over last month) — short-term momentum negative.
- RSI(14) at 46 — falling, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 37% off 52W high · 11% 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.
Valuation & score drivers
U-Score 51 · FAIR VALUE · pillar breakdown, sector model, fair-value anchor
Valuation & score drivers
U-Score 51 · FAIR VALUE · pillar breakdown, sector model, fair-value anchor
Fundamental score breakdown
FAIR VALUEWhy this score?
Top U-Score contributors and drags from the latest stored fundamentals.
Positive drivers
- Fair-value margin of safety is positive at 42.4%.
- Growth contributes 25/25 to the score.
- Valuation contributes 12/30 to the score.
Main drags
- Altman Z is 1.3, in distress territory.
- Quality is weaker at 1/20; verify the latest quarterly trend.
- Cash flow is weaker at 3/10; verify the latest quarterly trend.
Real estate valuation: NAV, pre-sales, debt, and inventory quality
Real estate valuation depends more on project economics and balance sheet than simple PE.
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.
Score history
12 stored score snapshots. Latest stored move: +0 points.
Factor attribution
Modelled fair value
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Mixed Trust: Claim history is still being built. It ranks around the 42nd percentile of the scored universe and 64th percentile within Real Estate. Main check: financial discipline is weak at 48/100.
Healthy Trust Lite: Promoter holding is 63.1%. Key concern: Operating cash flow is negative at ₹-432 Cr.
Usable, but needs evidence. Treat guidance with a margin of safety.
overall median 67 · Real Estate: 64th pctile, median 61 · Micro: 25th pctile, median 73
115 documents have extracted text, but claim history is not strong enough yet.
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Mixed Trust · low confidenceRead 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.
Trust positives
- ▸Promoter holding is 63.1%.
- ▸Promoter pledge is zero.
- ▸6 years of positive FCF.
- ▸4/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸Operating cash flow is negative at ₹-432 Cr.
- ▸Altman Z is 1.28.
- ▸ROCE is low at 7.5%.
- ▸ROE is low at 5.9%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Fundamentals
Valuation
- P/E
- 20.60
- P/B
- 1.22
- EV/EBITDA
- 15.30
- Market Cap
- 4398.00Cr
Profitability
- ROE
- 5.85%
- ROCE
- 7.48%
- ROA
- 2.13%
- Dividend Y
- 0.50%
Growth (CAGR)
- Revenue 5Y
- 13.00%
- EPS 5Y
- 34.00%
- Revenue 3Y
- 46.00%
- EPS 3Y
- 85.00%
Balance Sheet
- Debt/Equity
- 0.21
- Interest Coverage
- 4.42×
- Altman Z
- 1.28
- Book Value
- 246.00
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 6/5
- OCF
- -432.00 Cr
- EPS TTM
- 14.53
Shareholding
- Promoter Hold
- 63.14%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 15%
Financial History
Updated 5/9/2026
Revenue
₹ CrNet Profit
₹ CrReturn on Equity
%Peers
Business-comparable names in Real Estate, ranked by similarity
Peers
Business-comparable names in Real Estate, ranked by similarity
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.