Shriram Properties Ltd. (SHRIRAMPPS) AI Stock Analysis

• Market Cap: ₹11.74B
• Dividend Yield: N/A
• Average Volume (3M): 67.27K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.83
• Revenue Growth: 13.78%
• EPS Growth: 63.01%
• Country: IN
• Employees: 670
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): -0.40
• Shares Outstanding: 170,654,390
• 10 Day Avg. Volume: 42,808
• 30 Day Avg. Volume: 67,265
• PEG Ratio: 9.00
• Price to Book (P/B): 0.92
• Price to Sales (P/S): 1.52
• P/FCF Ratio: 50.68
• 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: 60 Neutral
• Price Target: ₹72.00 ▼(-14.51% Downside)
• Action: Reiterated Date: 10/28/25
• Date: Action: Reiterated 10/28/25

The overall stock score of 60 reflects a mixed financial performance with strong profitability but volatile revenue growth and weak cash flow conversion. Technical analysis indicates a neutral to slightly bearish trend, and valuation metrics suggest the stock is fairly priced. The absence of a dividend yield and lack of recent earnings call data or corporate events limit further insights.

Positive Factors

Sustained Operating Margins

Healthy gross and EBITDA margins indicate durable project-level profitability and operational discipline. In real estate, mid-to-high single digit gross margins plus strong EBITDA suggest the company can absorb cyclical cost pressures while maintaining developer returns across projects.

Moderate Leverage

A debt-to-equity ratio below 0.5 and a one-third equity ratio point to a balanced capital structure. This moderate leverage gives the company room to finance project development and weather cyclical slowdowns without excessive refinancing risk, supporting multi-quarter project execution.

Historical Growth Capability

Material historical top-line and EPS growth demonstrate the firm’s capacity to scale projects and convert sales into earnings. While growth can be lumpy in development, prior strong growth rates reflect execution ability and demand capture that can power medium-term pipeline delivery.

Negative Factors

Weak Cash Conversion

Low cash conversion versus reported income signals that earnings are not translating into commensurate cash, common in project-based developers dependent on milestone receipts. This constrains reinvestment, raises financing needs for new projects, and increases reliance on external funding.

Revenue Volatility

Recent negative top-line growth after prior gains highlights uneven sales velocity and timing of project completions. For a developer, such volatility reduces predictability of cash flows and earnings over 2-6 months, complicating working capital and project funding planning.

Modest Return Metrics

ROE under 6% and sub-10% net margin indicate limited profitability relative to capital employed. For investors and for reinvestment into new projects, modest returns constrain ability to generate high shareholder yields and may necessitate higher leverage or slower growth to improve returns.

Shriram Properties Ltd. Business Overview & Revenue Model

Company Description

Shriram Properties Limited operates as a real estate development company in India. It develops residential projects, including mid-market and affordable, mid-market premium, and luxury housing projects, as well as commercial and office space, and plotted development projects in Bengaluru, Chennai, Kolkata, Coimbatore, and Vizag, India. The company was founded in 1995 and is headquartered in Bengaluru, India.

How the Company Makes Money

Shriram Properties primarily makes money by developing and selling real estate units (e.g., apartments/villas/plots) in its projects. Revenue is typically generated through (a) customer collections tied to property sales—often received as booking advances and milestone-based payments during construction, with revenue recognized as projects progress/are completed in line with applicable accounting standards; and (b) outright sale of completed inventory where applicable. The company may also participate in joint development arrangements (JDAs) or similar partnerships with landowners, where it earns returns from its share of saleable area/revenue instead of purchasing land outright; in such structures, profitability depends on project execution, sales velocity, pricing, and the negotiated sharing terms. Additional, smaller revenue sources can include sale of land/Development Rights (if undertaken) and other project-related income; if such items are not disclosed for a given period, they are null.

Shriram Properties Ltd. Financial Statement Overview

Summary

Shriram Properties presents a mixed financial picture. While profitability margins are strong, revenue growth is volatile with a recent decline. The balance sheet is stable with moderate leverage, but cash flow conversion from net income is weak, indicating challenges in cash flow efficiency.

Income Statement

Shriram Properties has demonstrated a mixed performance in terms of income metrics. The gross profit margin for the most recent fiscal year stands at 17.68%, which is relatively strong for the real estate development industry. However, the net profit margin was only 9.38%, indicating challenges in controlling costs or achieving higher sales efficiency. Revenue growth was negative last year at -4.75%, following a positive growth trajectory in previous years, suggesting volatility in revenue generation. Despite this, the company maintains a healthy EBITDA margin of 21.77%.

Balance Sheet

The company's balance sheet reflects a stable but cautious financial position. The debt-to-equity ratio is 0.48, indicating moderate leverage and manageable financial risk. Return on equity is at 5.7%, which is modest, reflecting limited profitability from shareholders' investments. The equity ratio stands at 34.43%, showing a balanced approach between debt and equity financing. Overall, the company maintains a stable financial foundation with room for improving profitability.

Cash Flow

Cash flow analysis reveals moderate performance, with free cash flow growth showing signs of fluctuation. The operating cash flow to net income ratio is 0.40, suggesting that cash generation from operations is not as robust as net income figures may imply. The free cash flow to net income ratio is 0.32, which is relatively low, indicating that a smaller portion of earnings is being converted into free cash flow. Despite these challenges, the company has managed to maintain positive free cash flow.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	9.12B	8.23B	8.65B	6.74B	4.33B	4.27B
Gross Profit	2.57B	1.46B	2.85B	2.21B	2.46B	1.62B
EBITDA	1.72B	1.79B	1.53B	1.61B	1.55B	1.05B
Net Income	803.50M	772.00M	754.70M	659.70M	97.81M	-682.91M
Balance Sheet
Total Assets	0.00	39.39B	37.75B	36.43B	37.41B	32.99B
Cash, Cash Equivalents and Short-Term Investments	3.17B	3.17B	1.85B	1.15B	1.27B	806.35M
Total Debt	0.00	6.55B	6.56B	6.44B	5.45B	7.29B
Total Liabilities	-13.56B	25.83B	24.98B	24.43B	26.10B	24.72B
Stockholders Equity	13.56B	13.56B	12.77B	12.00B	11.33B	8.38B
Cash Flow
Free Cash Flow	0.00	247.10M	2.12B	-364.40M	1.24B	1.46B
Operating Cash Flow	0.00	306.90M	2.21B	-134.91M	1.24B	1.48B
Investing Cash Flow	0.00	-506.80M	-777.60M	-300.62M	219.65M	73.94M
Financing Cash Flow	0.00	-24.00M	-1.08B	101.94M	-1.00B	-1.19B

Shriram Properties Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 84.22
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SHRIRAMPPS, the sentiment is Negative. The current price of 84.22 is above the 20-day moving average (MA) of 77.27, above the 50-day MA of 78.32, and below the 200-day MA of 88.53, indicating a bearish trend. The MACD of -2.45 indicates Positive momentum. The RSI at 31.28 is Neutral, neither overbought nor oversold. The STOCH value of 9.76 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SHRIRAMPPS.

Shriram Properties Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
SHRIRAMPPS	60 Neutral	₹11.74B	-52.72	―	―	13.78%	63.01%
AJMERA	56 Neutral	₹22.51B	36.99	―	0.47%	-1.25%	-5.48%
PROZONER	54 Neutral	₹6.66B	119.39	―	―	4.65%	-154.71%
ARIHANTSUP	52 Neutral	₹9.04B	72.56	―	0.48%	16.36%	28.21%
PARSVNATH	40 Underperform	₹2.87B	-0.76	―	―	-37.98%	40.32%
OMAXE	39 Underperform	₹12.55B	-2.47	―	―	-22.30%	-8.72%

Shriram Properties Ltd. Corporate Events

Shriram Properties Schedules March 6 Virtual Meet With Analysts and Investors

Shriram Properties Ltd. has informed the stock exchanges that its officials will hold a virtual group meeting with analysts and institutional investors on March 6, 2026, between 11:00 a.m. and 12:00 noon. The company clarified that the discussions will be confined to information already in the public domain, with no unpublished price-sensitive information to be shared, and that the schedule may change due to exigencies for either participants or the company.

Shriram Properties Closes Trading Window Ahead of Q3 FY26 Results

Shriram Properties Limited has announced the closure of its trading window for designated persons and their immediate relatives from January 1, 2026, until 48 hours after the declaration of its unaudited financial results for the third quarter and nine months ended December 31, 2025. The move, in line with SEBI’s Prohibition of Insider Trading Regulations and the company’s internal code of conduct, is intended to prevent insider trading and ensure fair disclosure ahead of its upcoming financial results, underscoring the company’s adherence to corporate governance and regulatory compliance norms.