TrueCAGR
OBEROI REALTY LIMITED · Research view

OBEROI REALTY LIMITED

NSE: OBEROIRLTYBSE: 533273ISIN INE093I01010Face value ₹10standalone
₹1,775
0.00% · 2026-10-01 · 52-wk ₹1,412–₹1,953
Financials to FY2026 · 8 years of history · prices to 2026-10-01consolidatedstandalone
Section 02 · Synthesis

What stands out?

The strongest observations the engine found, ranked. Every line is generated from the filed numbers by a fixed rule — no opinion, no estimate.

StrengthConcernWatchContext
WatchTalking point

Profit and cash flow diverged

Reported profit rose 11.3% but operating cash flow fell 35.4% — worth investigating whether the profit is being collected.

Importance 70 / 95 · cash quality

WatchTalking point

Growing, but light on cash

Revenue grew 12.4% but only 0.69× of reported profit came through as operating cash.

Importance 62 / 95 · cash quality

WatchTalking point

Growing, but less profitably

Revenue grew 12.4% but EBITDA margin fell 1.6 percentage points to 59.7%, so the company kept less of each rupee of revenue as operating profit.

Revenue growth+12.4%Change in EBITDA margin−1.6 percentage points

Importance 61 / 95 · growth

Section 03 · The company

Who is this company?

Classified by the exchange under Consumer Discretionary › Realty › Realty › Residential, Commercial Projects.

Market cap
₹64,539 cr
FY2026 revenue
₹4,916 cr
FY2026 net profit
₹1,968 cr
Net worth
₹16,093 cr
Total debt
₹2,816 cr
EPS (basic)
₹54.14
Listed
NSE · BSE
Reporting
Ind-ASApr–Mar

Peer set used on this page: 6 residential, commercial projects.

Section 04 · Business performance

Is the business growing?

Revenue & net profit — FY19 to FY26₹ crore · consolidated
₹'000 cr01345012REVENUENET PROFIT1k454FY19620315FY20850417FY211k382FY221k703FY233k1,477FY244k1,769FY255k1,968FY26
RevenueNet profit
Watch

Revenue grew 12.4% but EBITDA margin fell 1.6 percentage points to 59.7%, so the company kept less of each rupee of revenue as operating profit.

Rule REVENUE_UP_MARGIN_DOWN

Revenue growth per year
+25.0%over 7 years
Revenue growth
+12.4%vs last year
Net profit growth
+11.3%vs last year
Change in net profit since FY19
+334%

Revenue compounded at 25.0% a year over 7 years (₹1,029 → ₹4,916) — though FY2024 saw a one-off step-change of 133% (a merger, restructuring or a recovery off a low base), so the compounding is uneven.

Section 05 · Recent activity

What changed recently?

Quarterly results, the trailing-twelve-months snapshot, and verified corporate actions — kept separate from each other and from the annual story above. Every figure traces to a filed number; nothing here is external news or commentary.

Strength

Q1 FY27 revenue was ₹1,301 cr, up 31.7% from ₹988 cr in Q1 FY26 a year earlier.

Rule QTR_REVENUE_GROWTH_YOY

Strength

Q1 FY27 net profit was ₹544 cr, up 29.0% from ₹421 cr a year earlier.

Rule QTR_PROFIT_GROWTH_YOY

Strength

Q1 FY27 EBIT was ₹760 cr, up 32.1% from ₹575 cr a year earlier.

Rule QTR_OPERATING_PERFORMANCE_CHANGE_YOY

A. Quarterly results

Latest quarters — Q2 '25 to Q1 '27₹ crore · consolidated
₹'000 cr01122001REVENUENET PROFIT1k589Q2 '251k618Q3 '251k433Q4 '25988421Q1 '262k760Q2 '261k623Q3 '262k703Q4 '261k544Q1 '27
RevenueNet profit
QuarterRevenueYoYNet profitYoYNet margin
Q2 FY251,320—589—44.7%
Q3 FY251,411+33.9%618+71.7%43.8%
Q4 FY251,150−12.5%433−45.0%37.7%
Q1 FY26988−29.7%421−27.9%42.7%
Q2 FY261,779+34.8%760+29.0%42.7%
Q3 FY261,493+5.8%623+0.7%41.7%
Q4 FY261,750+52.1%703+62.4%40.2%
Q1 FY271,301+31.7%544+29.0%41.8%

B. TTM snapshot

Trailing twelve months to 30 Jun 2026 · sum of the last 4 contiguous quarters

Revenue
₹6,322 crTTM
EBITDA
₹3,842 crTTM
EBIT
₹3,707 crTTM
PBT
₹3,466 crTTM
Net profit
₹2,630 crTTM

C. Corporate actions

23 Jul 2026DividendInterim Dividend - Rs. - 2.0000 — ₹2.00/share
14 May 2026DividendInterim Dividend - Rs. - 2.0000 — ₹2.00/share
23 Jan 2026DividendInterim Dividend - Rs. - 2.0000 — ₹2.00/share
20 Oct 2025DividendInterim Dividend - Rs. - 2.0000 — ₹2.00/share
25 Jul 2025DividendInterim Dividend - Rs. - 2.0000 — ₹2.00/share
5 May 2025DividendInterim Dividend - Rs. - 2.0000 — ₹2.00/share
24 Jan 2025DividendInterim Dividend - Rs. - 2.0000 — ₹2.00/share
4 Nov 2024DividendInterim Dividend - Rs. - 2.0000 — ₹2.00/share
1 Aug 2024DividendInterim Dividend - Rs. - 2.0000 — ₹2.00/share
24 Jun 2024DividendFinal Dividend - Rs. - 2.0000 — ₹2.00/share
22 May 2024DividendInterim Dividend - Rs. - 2.0000 — ₹2.00/share
2 Feb 2024DividendInterim Dividend - Rs. - 2.0000 — ₹2.00/share
8 Nov 2023DividendInterim Dividend - Rs. - 2.0000 — ₹2.00/share
21 Jun 2023DividendFinal Dividend - Rs. - 4.0000 — ₹4.00/share
7 Jul 2022DividendFinal Dividend - Rs. - 3.0000 — ₹3.00/share
14 Aug 2019DividendDividend - Rs. - 2.0000 — ₹2.00/share
31 May 2018DividendDividend - Rs. - 2.0000 — ₹2.00/share
13 Sept 2017DividendDividend - Rs. - 2.0000 — ₹2.00/share
17 Mar 2016DividendInterim Dividend - Rs. - 2.0000 — ₹2.00/share
25 Jun 2015DividendDividend - Rs. - 2.0000 — ₹2.00/share
21 Aug 2014DividendDividend - Rs. - 2.0000 — ₹2.00/share
11 Jul 2013DividendDividend - Rs. - 2.0000 — ₹2.00/share
21 Jun 2012DividendDividend - Rs. - 2.0000 — ₹2.00/share
16 Jun 2011DividendDividend - Rs. - 1.0000 — ₹1.00/share
Section 06 · Business performance

Is it becoming more profitable?

Margins — FY19 to FY26% of revenue · consolidated
0%5%10%15%20%25%30%35%40%45%50%55%60%65%70%75%59.7%37.8%FY19FY20FY21FY22FY23FY24FY25FY26
EBITDA marginNet margin
Strength

ROE of 12.9% is well above the residential commercial projects median of 8.6%.

Rule ROE_ABOVE_PEER_MEDIAN

EBITDA margin now
59.7%
8-year range
54.7–74.5%
ROE FY2026
12.9%
ROCE FY2026
15.5%

EBITDA margin fell from 61.4% to 59.7% of revenue.

EBITDA margin has ranged from 54.7% to 74.5% over 7 years and sits at 59.7% now.

Section 07 · Financial health

Is financial health improving?

Net worth — FY19 to FY26₹ crore · consolidated
₹'000 cr0713206kFY196kFY207kFY217kFY228kFY2313kFY2414kFY2516kFY26
Net worth (shareholders' funds)
Watch

Reported profit rose 11.3% but operating cash flow fell 35.4% — worth investigating whether the profit is being collected.

Rule PROFIT_UP_CASH_DOWN

Operating cash flow vs net profit₹ crore · FY22–FY26
0k1k2k3k699382FY22-4k703FY232k1kFY242k2kFY251k2kFY26
Operating cash flowNet profit
Total debt
₹2,816 cr
Operating cash flow ÷ net profit
0.69×FY2026
Free cash flow
₹884 cr
Current ratio
4.33×

Revenue grew 12.4% but only 0.69× of reported profit came through as operating cash.

Net worth compounded at 15.0% a year over 7 years (₹6,036 → ₹16,093) — though FY2024 saw a one-off step-change of 70% (a merger, restructuring or a recovery off a low base), so the compounding is uneven.

Operating cash flow was only 0.69× reported profit (FY2026).

Free cash flow has been positive in 4 of the last 5 years.

Section 08 · Relative position

How does it compare with peers?

Ranked against 6 residential, commercial projects (FY2026, consolidated).

Revenue growth

OBEROIRLTY · 4th of 6 · set median 14.8%

PRESTIGE72.6%LODHA21.0%PHOENIXLTD16.0%OBEROIRLTY13.7%GODREJPROP4.2%DLF2.5%

EBITDA margin

OBEROIRLTY · 2nd of 6 · set median 46.6%

PHOENIXLTD63.5%OBEROIRLTY60.8%GODREJPROP55.8%DLF37.5%PRESTIGE33.3%LODHA32.2%

Return on equity

OBEROIRLTY · 2nd of 6 · set median 10.5%

LODHA15.7%OBEROIRLTY14.9%PHOENIXLTD11.1%DLF10.0%GODREJPROP10.0%PRESTIGE8.0%

P/E ratio

OBEROIRLTY · 1st of 6 · set median 33.8×

OBEROIRLTY24.5×LODHA26.7×GODREJPROP30.7×DLF36.9×PHOENIXLTD42.3×PRESTIGE50.9×
Context

Trades at 24.54× earnings — 27% below the residential commercial projects median of 33.77×.

Rule PE_BELOW_PEERS

P / E
24.5×TTM to Jun 26
P / B
3.6×latest book
P / S
10.2×TTM sales
Earnings yield
4.1%TTM to Jun 26

On the trailing twelve months. Last full year: P/E 25.7× · P/S 10.2× · ROE 14.9%.

Section 09 · The stock

How has the stock performed?

Adjusted close — 2020-01 to 2026-10₹ per share · split / bonus adjusted
0k4k₹1,7752020202120222023202420252026
Context

Over 5 years profit compounded at 36.4% a year while the stock returned 14.1% a year — the FY2021 base was somewhat depressed, so part of this is recovery rather than trend.

Rule STOCK_LAGGED_EARNINGS · rebound

Business vs stock — 5-year compound annual rate
Net profit36.4%/yrShare price14.1%/yr
1-year return
+11.2%
3-year return
+53.8%
5-year return
+93.7%
From 52-wk high
−9.1%
Section 10 · Technical data

What does the technical data say?

Price-action indicators as of 2026-10-01. Secondary to the fundamentals above — included for timing context, not as a signal.

vs 50-day avg
Below₹1,826
vs 200-day avg
Above₹1,684
RSI (14)
44.3neutral
MACD histogram
-0.7
From 52-wk high
−9.1%
From 52-wk low
+25.8%
30-day volatility
25.8%ann.
6-month return
+25.1%
RSI (14) · 0–10044.3 — neutral
0305070100OVERSOLDOVERBOUGHT44.3
Section 11 · Open questions

What should I investigate further?

Observations the engine tagged watch or deteriorating — prompts for your own research, not conclusions.

  • Watch
    Profit and cash flow diverged
    Reported profit rose 11.3% but operating cash flow fell 35.4% — worth investigating whether the profit is being collected.
    PROFIT_UP_CASH_DOWN · conviction 70
  • Watch
    Growing, but light on cash
    Revenue grew 12.4% but only 0.69× of reported profit came through as operating cash.
    GROWTH_WITH_WEAK_CASH · conviction 62
  • Watch
    Growing, but less profitably
    Revenue grew 12.4% but EBITDA margin fell 1.6 percentage points to 59.7%, so the company kept less of each rupee of revenue as operating profit.
    REVENUE_UP_MARGIN_DOWN · conviction 61
  • Concern
    Weak cash conversion
    Operating cash flow was only 0.69× reported profit (FY2026).
    WEAK_CASH_CONVERSION · conviction 50
  • Watch
    Receivables stretching
    Receivable days rose from 9 to 22 — collections are slower.
    RECEIVABLE_DAYS_JUMP · conviction 44
  • Concern
    Margins compressing
    EBITDA margin fell from 61.4% to 59.7% of revenue.
    MARGIN_COMPRESSED_YOY · conviction 39
  • Cash-flow-statement facts are unavailable for FY2019, FY2020, FY2021 — those filings predate SEBI's Cash Flow Statement disclosure requirement. All other loaded years carry full P&L, balance sheet and cash-flow data.
Section 12 · Reference

The numbers

The full statements, kept deliberately secondary. Every figure traces to a BSE Integrated Filing (inline XBRL); ratios are recomputed from the normalised facts.

Income & balance sheet — ₹ crore, consolidated
MetricFY19FY20FY21FY22FY23FY24FY25FY26
Revenue1,0296208501,0121,4203,3024,3724,916
Total income1,1587449011,0751,6303,6204,5585,203
EBITDA6914625465541,0152,1152,6842,937
Profit before tax6454195094998911,8862,3362,587
Net profit4543154173827031,4771,7691,968
EPS (₹)12.78.711.510.519.340.648.654.1
Net worth6,0366,2776,6937,0747,66713,01114,41516,093
Total debt6719637741,7164,7422,4003,2982,816
Operating cash flow———699−3,6571,6152,0941,353
Free cash flow———699−3,6571,6152,095884
Key ratios — consolidated
RatioFY19FY20FY21FY22FY23FY24FY25FY26
Growth
Revenue growth YoY—-39.837.119.240.3132.532.412.4
Profit growth YoY—-30.632.3-8.384.2110.019.711.3
Profitability
EBITDA margin %67.274.564.354.771.564.061.459.7
Net margin %39.242.346.235.543.240.838.837.8
Return on equity %7.55.16.45.59.514.312.912.9
Return on capital %9.86.27.16.59.313.915.715.5
Leverage & cash
Debt to equity0.110.150.120.240.620.180.230.17
Cash flow ÷ profit———1.83-5.201.091.180.69
Current ratio16.584.565.055.183.184.655.184.33
Financials: BSE Integrated Filing inline XBRL (SEBI taxonomy), normalised to standard metric keys. Prices: NSE end-of-day, raw OHLC preserved; a corporate-action factor produces the adjusted series. The insight engine writes factual observations from fixed rules — it does not make recommendations. Not investment advice.