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
The strongest observations the engine found, ranked. Every line is generated from the filed numbers by a fixed rule — no opinion, no estimate.
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
Revenue grew 12.4% but only 0.69× of reported profit came through as operating cash.
Importance 62 / 95 · cash quality
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.
Importance 61 / 95 · growth
Classified by the exchange under Consumer Discretionary › Realty › Realty › Residential, Commercial Projects.
Peer set used on this page: 6 residential, commercial projects.
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 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.
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.
Q1 FY27 revenue was ₹1,301 cr, up 31.7% from ₹988 cr in Q1 FY26 a year earlier.
Rule QTR_REVENUE_GROWTH_YOY
Q1 FY27 net profit was ₹544 cr, up 29.0% from ₹421 cr a year earlier.
Rule QTR_PROFIT_GROWTH_YOY
Q1 FY27 EBIT was ₹760 cr, up 32.1% from ₹575 cr a year earlier.
Rule QTR_OPERATING_PERFORMANCE_CHANGE_YOY
| Quarter | Revenue | YoY | Net profit | YoY | Net margin |
|---|---|---|---|---|---|
| Q2 FY25 | 1,320 | — | 589 | — | 44.7% |
| Q3 FY25 | 1,411 | +33.9% | 618 | +71.7% | 43.8% |
| Q4 FY25 | 1,150 | −12.5% | 433 | −45.0% | 37.7% |
| Q1 FY26 | 988 | −29.7% | 421 | −27.9% | 42.7% |
| Q2 FY26 | 1,779 | +34.8% | 760 | +29.0% | 42.7% |
| Q3 FY26 | 1,493 | +5.8% | 623 | +0.7% | 41.7% |
| Q4 FY26 | 1,750 | +52.1% | 703 | +62.4% | 40.2% |
| Q1 FY27 | 1,301 | +31.7% | 544 | +29.0% | 41.8% |
Trailing twelve months to 30 Jun 2026 · sum of the last 4 contiguous quarters
ROE of 12.9% is well above the residential commercial projects median of 8.6%.
Rule ROE_ABOVE_PEER_MEDIAN
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.
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
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.
Ranked against 6 residential, commercial projects (FY2026, consolidated).
OBEROIRLTY · 4th of 6 · set median 14.8%
OBEROIRLTY · 2nd of 6 · set median 46.6%
OBEROIRLTY · 2nd of 6 · set median 10.5%
OBEROIRLTY · 1st of 6 · set median 33.8×
Trades at 24.54× earnings — 27% below the residential commercial projects median of 33.77×.
Rule PE_BELOW_PEERS
On the trailing twelve months. Last full year: P/E 25.7× · P/S 10.2× · ROE 14.9%.
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
Price-action indicators as of 2026-10-01. Secondary to the fundamentals above — included for timing context, not as a signal.
Observations the engine tagged watch or deteriorating — prompts for your own research, not conclusions.
The full statements, kept deliberately secondary. Every figure traces to a BSE Integrated Filing (inline XBRL); ratios are recomputed from the normalised facts.
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,029 | 620 | 850 | 1,012 | 1,420 | 3,302 | 4,372 | 4,916 |
| Total income | 1,158 | 744 | 901 | 1,075 | 1,630 | 3,620 | 4,558 | 5,203 |
| EBITDA | 691 | 462 | 546 | 554 | 1,015 | 2,115 | 2,684 | 2,937 |
| Profit before tax | 645 | 419 | 509 | 499 | 891 | 1,886 | 2,336 | 2,587 |
| Net profit | 454 | 315 | 417 | 382 | 703 | 1,477 | 1,769 | 1,968 |
| EPS (₹) | 12.7 | 8.7 | 11.5 | 10.5 | 19.3 | 40.6 | 48.6 | 54.1 |
| Net worth | 6,036 | 6,277 | 6,693 | 7,074 | 7,667 | 13,011 | 14,415 | 16,093 |
| Total debt | 671 | 963 | 774 | 1,716 | 4,742 | 2,400 | 3,298 | 2,816 |
| Operating cash flow | — | — | — | 699 | −3,657 | 1,615 | 2,094 | 1,353 |
| Free cash flow | — | — | — | 699 | −3,657 | 1,615 | 2,095 | 884 |
| Ratio | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| Growth | ||||||||
| Revenue growth YoY | — | -39.8 | 37.1 | 19.2 | 40.3 | 132.5 | 32.4 | 12.4 |
| Profit growth YoY | — | -30.6 | 32.3 | -8.3 | 84.2 | 110.0 | 19.7 | 11.3 |
| Profitability | ||||||||
| EBITDA margin % | 67.2 | 74.5 | 64.3 | 54.7 | 71.5 | 64.0 | 61.4 | 59.7 |
| Net margin % | 39.2 | 42.3 | 46.2 | 35.5 | 43.2 | 40.8 | 38.8 | 37.8 |
| Return on equity % | 7.5 | 5.1 | 6.4 | 5.5 | 9.5 | 14.3 | 12.9 | 12.9 |
| Return on capital % | 9.8 | 6.2 | 7.1 | 6.5 | 9.3 | 13.9 | 15.7 | 15.5 |
| Leverage & cash | ||||||||
| Debt to equity | 0.11 | 0.15 | 0.12 | 0.24 | 0.62 | 0.18 | 0.23 | 0.17 |
| Cash flow ÷ profit | — | — | — | 1.83 | -5.20 | 1.09 | 1.18 | 0.69 |
| Current ratio | 16.58 | 4.56 | 5.05 | 5.18 | 3.18 | 4.65 | 5.18 | 4.33 |