SUNTECK
Micro CapSunteck Realty Limited
Real Estate
Sunteck Realty Limited is an MMR-focused luxury real estate developer with a strong foothold in the region. The company has successfully delivered 20 projects and acquired over 50 mn sq ft with a Gross Development Value (GDV) of ~Rs 41,030 cr. It maintains a diversified luxury portfolio from uber to aspirational segments and is expanding its annuity income portfolio.
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 mixed.
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 31 Mar 2026
Average · 52/100margin compression · Rev +65% YoY · PAT +26% YoY
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹339 Cr | +64.6% | -1.4% |
| EBITDA | ₹97 Cr | +40.6% | +19.8% |
| Operating margin | 28.0% | -500 bps | +400 bps |
| PAT | ₹63 Cr | +26.0% | +10.5% |
| PAT margin | 18.6% | -569 bps | +201 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Where growth can come from, and what can break the case
Sunteck Realty reports robust FY26 performance: Presales up 25% YoY to Rs 3,157 cr, collections up 14% YoY to Rs 1,433 cr, and PAT up 34% YoY to Rs 202 cr, with Net Debt/Equity at 0.06x.
The company delivered robust growth in presales, collections, and profitability for FY26, supported by a strong balance sheet and strategic project acquisitions. The new IFC partnership further strengthens its growth prospects in the MMR market, particularly in green housing for the mid-income demographic.
Pre-sales by Segment (FY26)
Latest issuer-disclosed distribution across 3 reported categories.
Strong Foothold in MMR Market
The company has a strong foothold in the MMR market, which is identified as the largest and fastest-growing market in India.
Strategic Land Acquisitions
Well-timed capital allocation for acquisitions has led to acquiring more than ~50 mn sq ft with a GDV of ~Rs 41,030 cr.
Diversified Luxury Portfolio
The company offers a luxury portfolio across every segment and micro-market, from uber luxury to aspirational luxury.
Expanding Annuity Income Portfolio
The company is expanding its annuity income portfolio, targeting ~Rs 300 cr+ rental income and capital value creation of up to ~Rs 5,000 cr.
Total Development Acquisitions
Acquired more than ~50 mn sq ft of development potential.
IFC Joint Investment Platform
Formed a joint investment platform of up to ~Rs 750 cr with IFC – World Bank Group to develop 4 to 6 green housing projects, totaling around 12,000 units.
Attractive MMR Real Estate Market
MMR is highlighted as the most attractive real estate market in India, with high sales volumes.
Strategic Equity Partnerships
Successful equity partnerships, including a recent joint investment platform with IFC-World Bank Group, provide capital and expertise.
Green Building Certifications
Multiple projects and commercial buildings have received EDGE Pre-certification, and the HO has LEED GOLD certification, aligning with sustainability trends.
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 is seasonal, making YoY comparisons crucial for understanding underlying business trends. QoQ is also relevant for tracking sequential momentum in presales and collections, and project execution.
Annual Presales
FY26 presales grew to ~Rs. 3,157 cr, up 25% YoY. Q4FY26 presales were ~Rs. 1,064 cr, up 22% YoY.
Annual Collections
FY26 collections stood strong at ~Rs. 1,433 cr, up 14% YoY. Q4FY26 collections were ~Rs. 432 cr, up 39% YoY.
Net Cash Flow Surplus
Net Cash flow Surplus of ~Rs 552 cr in FY26, up 48% YoY.
Net Debt to Equity Ratio
Net Debt to Equity Ratio stands strong at 0.06x for FY26.
Focus on Green Urban Housing
The IFC partnership aims to build high-quality green urban large-scale housing projects.
Targeting Mid-Income Demographic
The new joint investment platform with IFC is specifically targeting the mid-income demographic.
Leveraging Partnerships for Growth
The IFC partnership highlights SRL’s capability to develop high-quality large-scale housing projects in the MMR.
Annuity Income Target
Management projects total average annual rental income to reach ~Rs 320 cr by FY2029E.
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Annual Presales Growth | FY26: ~Rs 3,157 cr (+25% YoY) | Sustained double-digit YoY growth in presales, indicating continued market demand and project execution. |
| Net Debt/Equity Ratio | FY26: 0.06x | Maintenance of low leverage, especially as the company pursues new project acquisitions and development. |
| Annuity Income Ramp-up | FY25: ~Rs 70 cr | Progress towards the FY2029E target of ~Rs 320 cr in total average annual rental income. |
| IFC Partnership Project Launches | Joint platform formed for 4-6 green housing projects (12,000 units) | Timely launch and execution of projects under the IFC joint investment platform. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trend score and candlestick chart
41NeutralSMA20 -21.5% / mo · near 52W low
Technical chart
SUNTECKweekly · 3Y-48.1%Technical trend read
Mixed signalsSignals are conflicting — long-term trend unclear. RSI 38. Wait for confirmation.
- SMA20 falling (~27.5% over last month) — short-term momentum negative.
- RSI(14) at 38 — sideways, no extreme reading.
- MACD above signal, histogram expanding — bullish momentum building.
- Within 5% of 52-week low — testing support.
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, trust methodology, financials, and peers
Use these sections after reviewing the decision summary, latest result, thesis, management accountability, and technical timing above.
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 38.0%.
- Growth contributes 25/25 to the score.
- Balance sheet contributes 7/15 to the score.
Main drags
- Altman Z is 1.2, in distress territory.
- Quality is weaker at 0/20; 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: +3 points.
Factor attribution
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 30th percentile of the scored universe and 53rd 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: 53rd pctile, median 61 · Micro: 17th pctile, median 71
0 documents indexed, 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.
- ▸6/8 recent quarters had positive YoY revenue growth.
Trust risks
- ▸Operating cash flow is negative at ₹-432 Cr.
- ▸Altman Z is 1.25.
- ▸ROCE is low at 7.5%.
- ▸ROE is low at 6%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Intrinsic value
Fundamentals
Valuation
- P/E
- 19.70
- P/B
- 1.11
- EV/EBITDA
- 15.03
- Market Cap
- 4020.00Cr
Profitability
- ROE
- 5.95%
- ROCE
- 7.54%
- ROA
- 2.04%
- Dividend Y
- 0.55%
Growth (CAGR)
- Revenue 5Y
- 13.00%
- EPS 5Y
- 35.00%
- Revenue 3Y
- 46.00%
- EPS 3Y
- 87.50%
Balance Sheet
- Debt/Equity
- 0.21
- Interest Coverage
- 4.55×
- Altman Z
- 1.24
- Book Value
- 246.00
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 6/5
- OCF
- -432.00 Cr
- EPS TTM
- 13.92
Shareholding
- Promoter Hold
- 63.14%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 2%
Financial History
Updated 9/6/2026
Revenue
₹ CrNet Profit
₹ CrReturn on Equity
%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.