DINESH

Oberoi Realty

Latest CMP 1,846
Today's Change ▲ 0.00%
52-Week High / Low 1,951 | 1,408
Price Date: 14-Aug-2026
Recommendation Hold
Target Price 2,156
Expected Upside 8.1%
Forecast Horizon 2 Years
Historical CAGR 13.4%
1,000 Invested 20-Oct-2010
Today's Value 7,343
Investment Period 16 Years

Stock Snapshot

Post Results Return
-0.0%
Neutral Market Reaction
1-Year Target Price
1,998
2-Year Target Price
2,156
52-Week High / Low
1,951 / 1,408
20-Day Return
-1.8%
Market Cap (Cr.)
67,121
Current PE
27.0
P/BV Ratio
3.7
Dividend Yield
0.6%
Industry PE
35.2

Price Performance

Basis of our Recommendation

Oberoi Realty's recent management commentary highlights a strong growth trajectory, particularly following the successful launch of the 360 North project, which has exceeded expectations and bolstered cash flow visibility. This positive momentum is expected to support a projected 22% CAGR in pre-sales over FY26-28, driven by a robust launch pipeline that includes the upcoming Adarsh Nagar project. However, potential execution risks remain, particularly concerning project approvals and regional complexities in new markets. Vista's financial outlook reflects a moderating revenue growth trend, with stable margins anticipated, aligning with the company's strategic focus on premium residential and hospitality segments. The balance sheet remains conservatively financed, supporting financial stability. Industry dynamics, characterized by improving pricing power and a favorable macroeconomic environment, further underpin Oberoi's growth potential. Over the next 12-24 months, key opportunities include the expansion of the hospitality segment with the Ritz-Carlton launch and strong demand in the NCR region. Conversely, watchpoints include potential delays in project launches and execution risks associated with multiple concurrent developments

👍 Why We Like This Stock

  • Successful launch of the 360 North project has enhanced cash flow visibility and pre-sales expectations
  • Strong demand for luxury residential projects and a robust launch pipeline support a projected 22% CAGR in pre-sales
  • The hospitality segment is set to expand significantly with the upcoming Ritz-Carlton launch, contributing to revenue growth

Things To Watch Out For

  • Execution risks related to project approvals and potential delays in launches could impact revenue generation
  • Geographical challenges in new markets may affect sales momentum and operational efficiency
  • A shift to a net cash deficit position in Q1FY27 raises concerns about cash flow management in the short term

Key Parameters

Balance Sheet Strength
Conservatively Financed
Market Share
Stable
Industry Outlook
Improving
Analyst View
Buy
Dividend History
Consistent
FII Holdings
Stable

Financial Snapshot

Actuals Forecast
FY24 FY25 FY26 FY27 FY28
Revenue (Cr.) 4,496 5,286 6,009 5,768 6,831
Profit Before Tax (Cr.) 2,258 2,868 3,299 3,214 3,780
PBT Margin 50.2% 54.3% 5490.1% 55.7% 55.3%
Net Profit (Cr.) 1,779 2,231 2,489 2,441 2,871
Earnings Per Share 48.9 61.4 68.5 67.1 78.9

Analyst Recommendations

Broker Recommendation Target Price Date
Axis Securities ▲ Buy 2,200 21-Jul-2026
CLSA ► Hold 1,500 12-May-2026
Elara Capital ▲ Buy 2,500 21-Jul-2026
HDFC Securities ▲ Buy 2,490 29-Jun-2026
HSBC ▲ Buy 2,310 21-Jul-2026
JPMorgan ▲ Overweight 2,050 20-Jul-2026
Jeffries ► Hold 1,970 21-Jul-2026
Kotak Securities ▼ Reduce 1,900 21-Jul-2026
Morgan Stanley ► Equalweight 1,440 12-Jun-2026
Motilal Oswal ► Neutral 2,000 21-Jul-2026
Nomura ▲ Buy 2,090 21-Jul-2026
Prabhudas Liladhar ► Accumulate 2,100 21-Jul-2026
Consensus Recommendation ▲ Buy
Consensus Target 2,107
Coverage 12 Analysts
Analysts' Viewpoint
Oberoi Realty is capitalizing on strong demand in the NCR region, with significant pre-sales growth driven by new launches like the 360 North project. The company's expansion into ultra-luxury residential segments and a growing hospitality portfolio, including the Ritz-Carlton in Worli, are key growth drivers. Analysts note the company's strong balance sheet and cash flow visibility, although risks such as execution challenges and potential regulatory impacts could affect future performance. The focus on strategic market positioning and a robust launch pipeline supports a positive long-term outlook.

Company Overview

Show Company Profile

Oberoi Realty Limited, together with its subsidiaries, engages in real estate development business in India. The company operates through the Real Estate and the Hospitality segment. It develops and sells residential, commercial, retail, hospitality, and social infrastructure projects. The company also leases commercial properties; and owns and operates a hotel. In addition, it engages in the sale of rooms, food and beverages, and allied services related to hotel operations, as well as in the provision of property management services. Oberoi Realty Limited was incorporated in 1998 and is headquartered in Mumbai, India.