Valor Estate share price & results
- Jun 2026
- Sept 2026
Mumbai land-bank developer (513+ acres MMR) monetizing residential and commercial real estate via JV/JDA partnerships.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 111 | −86.8% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 20.8 | +24.4 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -1.3 | −109.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | -0.74 | +2.2 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 58.07 | +1.2 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | -49.50 | −7.2 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −46.1% 1Y
1Y: ₹150.25 on 24 Oct 2025 → ₹80.97. High ₹156.89 (27 Oct 2025), low ₹78.07 (23 Oct 2026).
- Previous close
- ₹78.5
- Market cap
- ₹4.3k Cr
- 52-week range
- ₹78.07 – ₹156.89
- One year
- −48.39%
- Return on equity (TTM to Jun 2026)
- -0.74%
Overview
- Symbol
- NSE:DBREALTY
- Sector
- Realty
- Industry
- Consumer Discretionary
- Exchange
- NSE
- Currency
- INR
What Valor Estate Limited does
Based on the company's own presentations, annual report and earnings calls.
Valor Estate Limited (formerly D B Realty), founded in 2007, aggregates and entitles land in the Mumbai Metropolitan Region and Lonavala, then monetizes it through joint development agreements, joint ventures and profit-share/revenue-share arrangements with partner developers rather than executing construction itself. It earns from residential unit sales (own and JV-share), commercial leasing/annuity income from build-to-lease assets, and land monetization/exit proceeds. Following an NCLT-approved demerger effective April 2025, its separately listed hospitality business (Goa hotel, Delhi Aerocity project) was transferred to Advent Hotels International, leaving Valor focused solely on residential and commercial development in Mumbai.
Segments
- Residential
- Commercial & Retail
- Owned land bank in MMR & Lonavala
- 513+ acres
- Prime sites across MMR core zones
- 25+
- Total project portfolio (ongoing + upcoming + pipeline)
- 20 projects (~35.5 msf saleable/leasable area)
- Ongoing residential projects
- 2 projects, ~4.1 msf saleable area
- Upcoming residential projects
- 6 projects, ~17.8 msf saleable area
- Forthcoming residential projects (pipeline)
- 6 projects, ~6.8 msf saleable area
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: −110% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 3 | 330 | 537 | 840 | 137 | 529 | 87 | 111 |
| Expenses | 181 | 312 | 560 | 870 | 95 | 439 | 166 | 88 |
| Operating profit | -178 | 18 | -23 | -30 | 42 | 90 | -79 | 23 |
| Operating margin | −5111.8% | 5.4% | −4.2% | −3.6% | 30.9% | 17.1% | −90.7% | 20.8% |
| Other income | -4 | 11 | 35 | 75 | 1 | 7 | 51 | 8 |
| Interest | -8 | 27 | 13 | 18 | 29 | 25 | 27 | 30 |
| Depreciation | 0 | 14 | 0 | 0 | 0 | 1 | 4 | 1 |
| Profit before tax | -174 | -12 | -1 | 27 | 14 | 71 | -59 | -1 |
| Tax rate | −36.2% | −163.4% | 46.7% | 48.4% | 30.7% | 11.9% | 0.3% | 11.8% |
| Net profit | -111 | 8 | -2 | 14 | 10 | 62 | -59 | -1 |
| EPS (₹ per share) | -2.12 | 0.08 | -0.04 | 0.23 | 0.19 | 1.15 | -1.09 | -0.02 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 698 | 357 | 877 | 1,593 |
| Expenses | 1,420 | 208 | 1,068 | 1,569 |
| Operating profit | -721 | 150 | -191 | 24 |
| Other income | 715 | 1,331 | 52 | 134 |
| Interest | 54 | 83 | 47 | 99 |
| Depreciation | 0 | 26 | 15 | 6 |
| Profit before tax | -60 | 1,372 | -201 | 53 |
| Net profit | -91 | 1,317 | -118 | 27 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 259 | 352 | 538 | 538 | 539 | 542 |
| Reserves | 1,630 | 1,785 | 4,477 | 4,355 | 3,512 | 3,549 |
| Borrowings | 3,721 | 2,978 | 2,223 | 1,900 | 995 | 751 |
| Other liabilities | 3,152 | 3,332 | 1,925 | 1,754 | 2,090 | 1,516 |
| Total liabilities | 8,761 | 8,448 | 9,163 | 8,547 | 7,136 | 6,359 |
| Fixed assets | 75 | 72 | 2,429 | 2,427 | 4 | 161 |
| Capital work in progress | 0 | 0 | 10 | 6 | 14 | 0 |
| Investments | 1,564 | 1,728 | 800 | 1,290 | 606 | 365 |
| Other assets | 7,123 | 6,648 | 5,925 | 4,825 | 6,512 | 5,833 |
| Total assets | 8,761 | 8,448 | 9,163 | 8,547 | 7,136 | 6,359 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 95 | -267 | 96 | 237 | 540 | 939 |
| Cash from investing | -165 | 275 | -200 | 486 | -689 | -341 |
| Cash from financing | 75 | 86 | 52 | 18 | -595 | -580 |
| Net cash flow | 5 | 94 | -52 | 741 | -743 | 17 |
| Free cash flow | 121 | -263 | 95 | 184 | 436 | 925 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 1109 | 372 | 36 | 84 | 120 | 64 |
| Inventory days | — | — | 1231 | — | 1482 | 765 |
| Days payable | — | — | 44 | — | 130 | 28 |
| Cash conversion cycle | 1109 | 372 | 1222 | 84 | 1471 | 802 |
| Working capital days | 10764 | 1797 | 176 | 1667 | 616 | 182 |
| Return on capital employed | 0.0% | −1.0% | −11.0% | 22.0% | −3.0% | 2.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Where revenue comes from
The businesses behind the company’s reported revenue.
(a) Real Estate Business contributes 67.7% of reported segment revenue.
Year ended 31 Mar 2025 · Consolidated
- (a) Real Estate Business 67.7%
₹766.58 crore
- (b) Hospitality Business* 32.3%
₹366.50 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| (a) Real Estate Business | 766.58 | 67.7% |
| (b) Hospitality Business* | 366.50 | 32.3% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
How these numbers add up
- Total segment revenue
- ₹1,133.08 crore
- Intersegment adjustment
- Not reported
- Net segment revenue
- ₹1,133.08 crore
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
How the mix has moved
Each segment’s share of reported revenue, quarter by quarter.
| Segment | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|
| (a) Real Estate Business | — | 27% | — | — | — | 83% | +1274.7% |
| (b) Hospitality Business* | — | — | — | — | — | 17% | — |
Share of reported segment revenue by quarter, consolidated basis, as filed. A quarter the company did not report is left blank, never carried forward.
See how segments are shifting across companies → Segment Shift
Ownership
Who owns it
Public hold 48.65% as of Sept 2026; institutions cut 0.99 pts since Jun 2026.
- Promoters 47.17%
- Foreign institutions 3.87%
- Domestic institutions 0.32%
- Public 48.65%
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- +0.19 pp 0.23% held
The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of Valor Estate Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 13.04% | unchanged | |
| 12.32% | unchanged | |
| 10.83% | unchanged | |
| 6.31% | unchanged | |
| 4.13% | unchanged | |
| 2.97% | unchanged | |
| 2.77% | unchanged | |
| 2.51% | unchanged | |
| 2.31% | unchanged | |
| 1.57% | unchanged | |
| 0.49% | unchanged | |
| 0.33% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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