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Shriram Properties Ltd share Price Today

Company details

113.70
116.50
62.95
140.90
6M Return -3.89%
1Y Return 71.24%
Mkt Cap.(Cr) 1,943.93
Volume 1,326,320
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 1,326,320

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Realty company Shriram Properties announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • On a quarterly basis, Total Revenues have more than doubled to Rs 358 crore while EBTIDA has grown by an impressive 45% YoY to Rs 66 crore in Q4FY24.
  • Net profit for the quarter stood at Rs 20 crore, up 28% YoY in Q4FY24.

FY24 Financial Highlights:

  • Total Revenues have grown 21% YoY to Rs 987 crore on the back of successful completion and revenue recognition in certain key projects viz., Shriram Liberty Square (Bangalore), Shriram Park 63 - 1B (Chennai), Shriram Chirping Woods T5 (Bangalore) Shriram Grand One (Kolkata). Revenue recognition with handover of units in certain other projects continued as well.
  • EBITDA for the full year stood at Rs 223 crore, compared to Rs 183 crore in FY23, reflecting a growth of 22% YoY. EBITDA margins remained stable at 23% in FY24.
  • Interest expenses remained flat at Rs 74 crore, despite absorption of interest costs associated with the re-acquisition of JV economic interest in Shriram Park63 from Mitsubishi Corporation during Q3FY24. Overall finance cost however is higher by 11% YoY, due to certain one-time interest costs associated with the acquisition of Shriram 122 West in Q1FY24.
  • SPL’s cost of debt dropped further to 11.6%, as compared to 11.9% in FY23. It compares favourably with average cost of 13.7% in FY21 and such steep reduction is despite the RBI rate hike impact (approx. 200bps) during this period. The cost of incremental debt is now in the 10.0% - 10.5% range, which is encouraging.
  • Net debt remained almost flat at Rs 441 crore and debt-equity declined marginally to 0.35:1, which is amongst lowest in the industry.
  • Net profit improved to Rs 75 crore in FY24, compared to Rs 68 crore in FY23, up 10% YoY
  • Consolidated cashflows from operations nearly doubled to Rs.227 crore in FY24. The Company has realised free cashflows (FCF) before new project investments of Rs 156 crore in FY24, compared to Rs 116 crore in FY23. Notably, supported by project completions, the Company has unlocked free cashflows of around Rs 272 crore in last two years, which has played significant role in augmenting new projects towards sustaining growth momentum in the future.

Commenting on the performance, Murali M, CMD, Shriram Properties said: “Our recordbreaking results are a testament to our commitment to growing the business profitably, year-afteryear. We have achieved significant milestones during the year, notwithstanding certain external-led delays in receipt of approvals and OCs. Our teams have worked diligently to overcome challenges and deliver on promises. Supported by our strong market presence and success of strategic initiatives, we are confident of sustaining growth and profitability in the coming years. Our robust launch pipeline, strong execution platform coupled with continued focus on cost management and commitment to delivering quality will support towards this end”.

Result PDF

View Other Company Results

Shriram Properties Ltd shares SWOT Analysis

Strengths (10)

  • Rising Net Cash Flow and Cash from Operating activity
  • Company with high TTM EPS Growth
  • Good quarterly growth in the recent results

Weakness (1)

  • MFs decreased their shareholding last quarter

Opportunity (0)

Data not found

Threats (2)

  • Promoter decreasing their shareholding
  • Increasing Trend in Non-Core Income

Resistance and support

R1 115.9
R2 117.6
R3 118.7
Pivot

114.78

S1 113.1
S2 112.0
S3 110.3
EMA SMA
113.4
116.0
116.2
109.7
113.9
118.2
120.1
112.2
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
MUKUL AVANISH VARMA Bulk Purchase 2024-02-16 130.6 965595 NSE
MUKUL AVANISH VARMA Bulk Sell 2024-02-16 132.4 465621 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-02-06 137.31 1255809 NSE
Name Category Shares
SHRIRAM PROPERTIES HOLDINGS PRIVATE LIMITED PROMOTER 27.72%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
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Sales
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Profit after Tax
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P BV

Shriram Properties Ltd Stocks COMPARISON

Financials( in Cr) Shriram Properties Ltd DLF Ltd Godrej Properties Ltd Prestige Estates Projects Ltd Oberoi Realty Ltd
Price 114.13 874.05 3,030.75 1,872.60 1,934.90
% Change -0.25 1.66 3.50 1.34 0.86
Mcap Cr 1,943.93 216,354.65 84,267.28 75,065.42 70,353.35
Revenue TTM Cr 674.40 5,694.83 2,252.26 8,315.00 4,495.79
Net Profit TTM Cr 68.25 1,100.92 620.60 1,066.80 1,926.60
PE TTM 25.73 79.35 116.25 54.57 40.03
1 Year Return 71.24 78.16 111.22 233.11 100.81
ROCE 6.49 4.51 5.64 10.43 16.30
ROE 3.18 2.97 5.80 8.57 14.79
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,199.81 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 35,930.46 -6,140.05
LAST 3M 112,173.55 -45,499.40
LAST 6M 183,830.47 -16,034.02
LAST 12M 290,122.07 99,526.79

Shriram Properties Ltd Information

Stock PE (TTM)
25.73
Promoter Holding
27.94%
Book Value
74.964
ROCE
6.49%
ROE
3.18%
Description
  • Shriram Properties Limited was originally incorporated as `Synectics Infoway Private Limited` on 28 March 2000 at Chennai, Tamil Nadu. Subsequently, name of the Company changed to Shriram Properties Private Limited on 28 March 2003. The Company converted to a Public Limited Company and the name was changed to Shriram Properties Limited on 24 October 2018 and a fresh Certificate of Incorporation consequent upon change of name was granted by the RoC on 10 December 2018. Shriram Properties is engaged in providing real estate construction and property development services. The Company is one of the leading residential real estate development companies in South India, primarily focused on the mid-market and affordable housing categories. The Company is among the five largest residential real estate companies in South India in terms units launched across cities of South India including Bengaluru, Chennai and Hyderabad. The Company commenced operations in Bengaluru in the year 2000 and have since expanded its presence to other cities in South India, i.e., Chennai, Coimbatore and Visakhapatnam. In addition, it has presence in Kolkata, where it is developing a large mixed project as cities including, Bengaluru, Chennai and Hyderabad are key markets for the Company. In 2017, it acquired Horus Holdings Pte. Ltd of Shriram Properties and Infrastructure Private Limited located in a SEZ in Chennai. In 2018, the Company signed a Memorandum of Understanding(MOU) with ASK Property Investment Advisors Private Limited for funding of residential real estate projects in Bengaluru and Chennai In 2019, the first project "Shriram Earth" was launched in April, 2019 at Bengaluru. The Company got into an agreement with Kotak India Affordable Housing Fund - 1 for investment of Rs 400 million for development of Shriram Grand Two, an affordable housing project in Kolkata. As of March 31, 2022, the Company had 29 completed projects, representing 16.8 msf of saleable area, out of which 24 projects are in the cities of Bengaluru and Chennai, accounting for 91% of saleable area. As of March 31, 2022, it had a total portfolio of 51 projects, with ongoing projects and upcoming projects, which consists 26 ongoing projects and 25 upcoming projects, of total estimated saleable area respectively. The Company is planning to raise capital from Public aggregating Rs. 800 crore Equity Shares by raising Rs 550 crore through Fresh Issue and Rs 250 crore through Offer for Sale.

Registered Address

Lakshmi Neela Rite Choice Cham, New No 9 Bazullah Road T Nagar, Chennai, Tamil Nadu, 600017

Tel : 91-44-4001 4410
Email : cs.spl:shriramproperties.com
Website : http://www.shriramproperties.com
Registrar

KFin Techologies Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 543419
NSE Code : SHRIRAMPPS
Book Closure Date (Month) :
BSE Group : B
ISIN : INE217L01019

FAQ’s on Shriram Properties Ltd Shares

You can buy Shriram Properties Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Shriram Properties Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 13, 2024 03:59 PM the closing price of Shriram Properties Ltd was Rs.114.13.

The latest PE ratio of Shriram Properties Ltd as of Jun 13, 2024 03:59 PM is 25.73

The latest PB ratio of Shriram Properties Ltd as of Jun 13, 2024 03:59 PM is 0.66

The 52-week high of Shriram Properties Ltd share price is Rs. 140.90 while the 52-week low is Rs. 62.95

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 13, 2024 03:59 PM, the market cap of Shriram Properties Ltd stood at Rs. 1,943.93.

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