Omaxe Limited (OMAXE) AI Stock Analysis

• Market Cap: ₹12.95B
• Dividend Yield: N/A
• Average Volume (3M): 9.81K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.55
• Revenue Growth: -22.30%
• EPS Growth: -8.72%
• Country: IN
• Employees: 505
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): -8.38
• Shares Outstanding: 182,900,540
• 10 Day Avg. Volume: 21,098
• 30 Day Avg. Volume: 9,811
• PEG Ratio: -0.03
• Price to Book (P/B): -7.15
• Price to Sales (P/S): 0.94
• P/FCF Ratio: 4.47
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 39 Underperform
• Price Target: ₹75.00 ▼(-6.03% Downside)
• Action: Reiterated Date: 11/19/25
• Date: Action: Reiterated 11/19/25

The overall stock score is heavily influenced by significant financial challenges, including negative equity and profitability issues. Technical analysis further indicates bearish momentum, while valuation metrics reflect ongoing losses. These factors collectively suggest a high-risk investment with limited appeal.

Positive Factors

Operating cash generation

Sustained positive operating and free cash flow, even amid accounting losses, indicates the business can convert sales into cash. Over a multi-month horizon this supports project funding, supplier payments and reduces immediate reliance on new debt, improving operational resilience.

Liquidity buffer

A measurable cash and short-term investment buffer provides near-term liquidity to meet project and working capital needs. This cushion helps weather execution delays or approval timing issues common in real estate, preserving continuity of operations over several months.

Diversified revenue streams

A mixed model of sale-driven development revenue plus recurring leasing/annuity income reduces reliance on one-off unit sales. Structural annuity receipts from commercial assets smooth cash inflows, supporting predictability in working capital and lowering cyclicality risk over the medium term.

Negative Factors

Negative shareholder equity

Negative equity signals liabilities exceed assets, constraining borrowing capacity and increasing default risk. Over months this can impair access to funding, trigger creditor covenants, and limit strategic flexibility for land purchases or project acceleration, hindering recovery prospects.

Persistent operating losses

Prolonged negative gross and net margins indicate structural cost or pricing issues that erode capital. Without margin restoration, losses will continue to deplete reserves and impede reinvestment into projects, making it difficult to achieve sustainable profitability over a 2-6 month horizon.

Declining revenue and uneven FCF

Falling revenue and inconsistent free cash flow reduce the firm's ability to deleverage and fund development. Over several months this constrains execution of new launches, increases reliance on external financing, and magnifies vulnerability to demand slowdowns in core markets.

Omaxe Limited Business Overview & Revenue Model

Company Description

Omaxe Limited engages in the real estate development activities in India. It develops and sells integrated and hi-tech townships, group housing projects, shopping malls, office spaces, SCOs, and hotels. The company was formerly known as Omaxe Construction Limited and changed its name to Omaxe Limited in June 2006. Omaxe Limited was founded in 1987 and is based in New Delhi, India. Omaxe Limited is a subsidiary of Guild Builders Private Limited.

How the Company Makes Money

Omaxe Limited primarily generates revenue through the sale of residential and commercial properties. The company develops large-scale real estate projects, which are sold to individual buyers and corporate clients. Additionally, Omaxe earns income from leasing out commercial spaces and retail properties in its developed projects, providing a steady stream of rental revenue. The company may also engage in joint ventures and partnerships with other developers and investors, enhancing its project capabilities and market reach. Furthermore, Omaxe's revenue is bolstered by the growing demand for housing and commercial spaces in India, driven by urbanization and a rising middle class.

Omaxe Limited Financial Statement Overview

Summary

Omaxe Limited is experiencing financial strain, characterized by ongoing losses and high leverage. The negative equity and profitability challenges indicate significant financial risks, despite some operational support from cash flows.

Income Statement

Omaxe Limited has faced a challenging period with consistent losses. The net profit margin is negative, indicating a lack of profitability, and gross profit margins have also been negative, reflecting operational inefficiencies or cost challenges. Although there was some revenue growth over the years, it was insufficient to turn around the negative EBIT and EBITDA margins, pointing to ongoing operational difficulties.

Balance Sheet

The balance sheet reveals significant financial stress with a negative stockholders' equity in the latest report, indicating more liabilities than assets, which is a risk indicator. The debt-to-equity ratio is not calculable due to negative equity, but total debt levels remain high. Despite this, the company maintains a reasonable level of cash and short-term investments, providing some liquidity buffer.

Cash Flow

Cash flow analysis shows some strengths, with positive operating and free cash flow despite net income losses, indicating efficient cash management. However, free cash flow growth has been inconsistent and recently negative. The operating cash flow to net income ratio is positive, highlighting cash generation, but the ability to maintain this amid operating losses remains uncertain.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	14.59B	15.61B	16.14B	7.73B	6.18B	4.76B
Gross Profit	-4.05B	-4.50B	-1.75B	-929.60M	601.70M	21.90M
EBITDA	-5.07B	-5.32B	-3.48B	-2.87B	-447.00M	-996.90M
Net Income	-6.51B	-6.86B	-4.03B	-3.48B	-1.60B	-2.35B
Balance Sheet
Total Assets	157.28B	148.77B	138.22B	135.60B	119.18B	110.42B
Cash, Cash Equivalents and Short-Term Investments	9.77B	7.44B	5.40B	4.93B	1.28B	2.75B
Total Debt	14.19B	7.96B	6.79B	11.07B	11.28B	15.30B
Total Liabilities	162.76B	150.74B	133.33B	126.50B	106.58B	96.20B
Stockholders Equity	-5.57B	-2.05B	4.80B	8.98B	12.45B	14.05B
Cash Flow
Free Cash Flow	-664.20M	3.28B	9.70B	4.49B	7.66B	5.58B
Operating Cash Flow	-568.70M	3.52B	9.87B	4.69B	7.83B	5.66B
Investing Cash Flow	1.02B	-1.55B	-640.20M	-1.42B	-221.50M	227.20M
Financing Cash Flow	2.84B	-863.50M	-9.24B	-2.62B	-7.40B	-5.17B

Omaxe Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 79.81
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:OMAXE, the sentiment is Negative. The current price of 79.81 is above the 20-day moving average (MA) of 75.24, above the 50-day MA of 76.29, and below the 200-day MA of 84.26, indicating a bearish trend. The MACD of -1.68 indicates Positive momentum. The RSI at 40.67 is Neutral, neither overbought nor oversold. The STOCH value of 28.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:OMAXE.

Omaxe Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ATALREAL	68 Neutral	₹2.88B	42.03	―	―	49.74%	-26.42%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
SHRIRAMPPS	60 Neutral	₹11.75B	-52.72	―	―	13.78%	63.01%
HUBTOWN	55 Neutral	₹26.46B	39.33	―	―	64.29%	―
ARIHANTSUP	52 Neutral	₹9.43B	72.56	―	0.48%	16.36%	28.21%
PARSVNATH	40 Underperform	₹2.89B	-0.76	―	―	-37.98%	40.32%
OMAXE	39 Underperform	₹12.95B	-2.47	―	―	-22.30%	-8.72%

Omaxe Limited Corporate Events

Omaxe to Invest Rs 500 Crore in Mixed-Use Omaxe Chowk Project in Ludhiana

Omaxe Limited has announced a Rs. 500 crore investment in a new mixed-use development, Omaxe Chowk in Ludhiana, positioned as a high-street retail and luxury residential hub on a 5.25-acre leasehold parcel in the prime Ghumar Mandi area. Designed to formalise and upgrade an already high-footfall commercial market, the project combines premium retail, wedding and jewellery showrooms, fashion outlets, destination dining, an entertainment zone, and integrated luxury residences, targeting both local shoppers and NRIs. By focusing on walk-to-shop convenience and a curated mix of shopping, food, and community spaces, Omaxe aims to align with shifting consumer preferences for experiential, organised retail, strengthening its footprint in Ludhiana and enhancing its positioning in the competitive mixed-use real estate segment.