SHRIRAMPPS

Shriram Properties share price & financials

Price
₹87.18
Market cap
₹1.3k Cr
Sector
Realty
Calls analysed
6
Latest concall · Q1 FY27 · call held 13 Aug 2026

Shriram Properties Limited Q1 FY27

Revenue ₹271 cr +4%EBITDA ₹42 cr PAT ₹11 cr

What went well

  • Record Q1 sales of INR484 crores, marking a 10% YoY increase.
  • Collections grew by 8% YoY to INR365 crores.
  • Successful launch of new projects in Chennai and Kolkata, with Shriram Stellar (Chennai) selling 20% during launch weekend and Kolkata branded land selling 55% within 30 days.

What to watch

  • Q1 financial performance was 'relatively steady' and 'modest from a revenue recognition perspective' due to timing of handovers and project completions.
  • Muted margins in Q1 (EBITDA INR42 crores, PAT INR11 crores) attributed to product mix, with ~40% from lower-margin legacy projects in Kolkata.
Read the full call →

What Shriram Properties Limited does

Shriram Properties develops residential (apartments, villas, plotted layouts, row houses) and select commercial projects, earning revenue primarily on completion/handover of units to homebuyers. It builds through four execution models - wholly-owned, Joint Development Agreements (JDA) with landowners, Joint Ventures (JV), and fee-based Development Management (DM) - which lets it scale its project pipeline without owning all the underlying land. Its core focus is the mid-market and mid-premium housing segment, with Bengaluru, Chennai and Kolkata as long-standing markets and Pune added as a new region during FY26.

Segments

  • Own
  • JDA (Joint Development Agreement)
  • JV (Joint Venture)
  • DM (Development Management)
Completed projects (cumulative)
51
Cumulative area delivered
31+ msf
Customers served (cumulative)
32,000+
Core operating markets
4 cities - Bengaluru, Chennai, Kolkata, Pune
Ongoing projects
19 projects, 16.7 msf
Upcoming project pipeline
22 projects, 18.6 msf
Founded 2000Headquarters Bengaluru, Karnataka Company website

Guidance record · Q1 FY27

what the last two calls moved 23 tracked 3 delivered 3 missed 17 open
  • Unit Handovers delivered said Q4 FY25 Promised: 3,300 plus units to be handed over Q1 FY27: Final verdict from FY26. Promise is closed.
  • Sales Volume missed said Q4 FY25 Promised: 5.2 to 5.5 million square feet of sales Q1 FY27: Final verdict from FY26. Promise is closed.
  • Debt-to-Equity Ratio revised down said Q4 FY25 Promised: We would not be comfortable beyond 0.5:1 Q1 FY27: Net debt to equity at 0.29x. However, management stated a new long-term comfort zone of '0.5 to 1', diluting the original stance of not being comfortable beyond 0.5:1.

All 23 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue down 7.4%, net profit down 47.6% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue141 121 408 242 205 +45%179 +48%641 +57%224 −7%
EBITDA-1 -15 49 22 -5 −400%-17 −13%70 +43%-9 −141%
Net profit-1 13 48 21 9 +1000%-7 −154%79 +65%11 −48%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −19.7% 1Y

₹60₹70₹80₹90₹100Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 12 Nov 2025Q3 FY26 — 13 Feb 2026Q4 FY26 — 25 May 2026Q1 FY27 — 13 Aug 2026

1Y: ₹89.41 on 10 Sept 2025 → ₹71.83. High ₹97.63 (19 Sept 2025), low ₹61.13 (30 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
−6.4%
13 Aug
Q4 FY26
+8.0%
25 May
Q3 FY26
−3.0%
14 Feb
Q2 FY26
−3.1%
12 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 23.4% a year over 3 years, FY23 to FY26. Operating margin held at 5.5%.

Year endingFY23FY24FY25FY26
Revenue₹674 Cr₹864 Cr₹824 Cr₹1.3k Cr
Operating profit₹36 Cr₹69 Cr₹30 Cr₹70 Cr
Operating margin5.3%8.0%3.6%5.5%
Interest₹107 Cr₹118 Cr₹105 Cr₹86 Cr
Depreciation₹8 Cr₹9 Cr₹11 Cr₹10 Cr
Net profit₹68 Cr₹75 Cr₹77 Cr₹102 Cr
Net margin10.1%8.7%9.3%8.1%
Cash from operations₹5 Cr₹221 Cr₹154 Cr₹-16 Cr
Free cash flow₹0 Cr₹212 Cr₹148 Cr₹-17 Cr
ROCE10.0%10.0%10.0%8.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹148 Cr₹170 Cr₹170 Cr₹170 Cr₹171 Cr₹171 Cr
Reserves₹690 Cr₹963 Cr₹1.0k Cr₹1.1k Cr₹1.2k Cr₹1.3k Cr
Borrowings₹727 Cr₹545 Cr₹644 Cr₹656 Cr₹706 Cr₹616 Cr
Other liabilities₹1.7k Cr₹1.9k Cr₹1.8k Cr₹1.8k Cr₹2.0k Cr₹1.6k Cr
Total liabilities₹3.3k Cr₹3.6k Cr₹3.6k Cr₹3.8k Cr₹4.1k Cr₹3.7k Cr
Fixed assets₹76 Cr₹82 Cr₹81 Cr₹86 Cr₹84 Cr₹128 Cr
Capital work in progress₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Investments₹36 Cr₹39 Cr₹121 Cr₹121 Cr₹190 Cr₹63 Cr
Other assets₹3.2k Cr₹3.5k Cr₹3.4k Cr₹3.6k Cr₹3.9k Cr₹3.5k Cr
Total assets₹3.3k Cr₹3.6k Cr₹3.6k Cr₹3.8k Cr₹4.1k Cr₹3.7k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, FIIs added +4.75 pp while the public trimmed −4.20 pp. The shareholder count shrank 7% to 84,665.

Promoters
27.9%
FIIs
6.8%
DIIs
1.4%
Government
0.0%
Public
63.8%

Since Jun 2025

  • FIIs +4.75 pp
  • Public −4.20 pp
  • DIIs −0.52 pp

How it drifted, 12 quarters

Over this window DIIs fell from 4.0% to 1.4% — −2.6 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 28.0%, FIIs 5.4%, DIIs 4.0%, Public 62.5%.Dec '23: Promoters 28.0%, FIIs 6.7%, DIIs 3.6%, Public 61.7%.Mar '24: Promoters 27.9%, FIIs 1.6%, DIIs 2.4%, Public 68.1%.Jun '24: Promoters 27.9%, FIIs 1.1%, DIIs 3.2%, Public 67.8%.Sep '24: Promoters 27.9%, FIIs 1.0%, DIIs 3.3%, Public 67.8%.Dec '24: Promoters 27.9%, FIIs 1.4%, DIIs 1.6%, Government 0.0%, Public 69.0%.Mar '25: Promoters 27.9%, FIIs 2.5%, DIIs 1.8%, Government 0.0%, Public 67.8%.Jun '25: Promoters 27.9%, FIIs 2.1%, DIIs 1.9%, Government 0.0%, Public 68.0%.Sep '25: Promoters 27.9%, FIIs 2.9%, DIIs 1.9%, Government 0.0%, Public 67.3%.Dec '25: Promoters 27.9%, FIIs 3.6%, DIIs 2.5%, Government 0.0%, Public 66.0%.Mar '26: Promoters 27.9%, FIIs 6.0%, DIIs 2.5%, Government 0.0%, Public 63.5%.Jun '26: Promoters 27.9%, FIIs 6.8%, DIIs 1.4%, Government 0.0%, Public 63.8%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 2 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Shriram Properties Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Shriram Properties Holdings Private Limited 27.67%unchanged
Aurum Realestate Developers Limited 12.91%−0.36 pp
Brijkishor Trading Private Limited 4.61%unchanged
Altitude Investment Fund Pcc- Cell 1 FPI fund3.81%unchanged
Sammys Dreamland Co Private Limited 1.70%−0.56 pp
Prudent Equity Ace Fund AIF1.30%unchanged
Green Horizon Fund Pcc-Cell 1 FPI fund1.21%newly disclosed
Anil Satyadeo Dhedia 1.01%unchanged
Shriram Group Executives Welfare Trust 0.14%unchanged
Murali M 0.08%unchanged
K.V.Narayan Builders Private Limited 0.00%unchanged
M. Mangalam 0.00%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.

All earnings calls (6)

Read the Q1 FY27 call →

Learn to analyse Shriram Properties Limited

Guides on how to read this kind of business and the numbers that matter.