Unitech Limited (UNITECH) AI Stock Analysis

• Market Cap: ₹11.09B
• Dividend Yield: N/A
• Average Volume (3M): 664.34K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.02
• Revenue Growth: -10.36%
• EPS Growth: 46.24%
• Country: IN
• Employees: 138
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Diversified
• EPS (TTM): -2.19
• Shares Outstanding: 2,614,634,500
• 10 Day Avg. Volume: 501,229
• 30 Day Avg. Volume: 664,340
• PEG Ratio: 0.03
• Price to Book (P/B): -0.24
• Price to Sales (P/S): 4.99
• P/FCF Ratio: -51.25
• 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: 40 Underperform
• Price Target: ₹4.00 ▼(-31.86% Downside)

The score is driven primarily by severe financial distress (heavy losses, negative equity, and negative cash flows). Technical indicators also point to a strong bearish trend with oversold conditions. Valuation offers limited support because the company is loss-making (negative P/E) and no dividend yield is available.

Positive Factors

Diversified revenue streams

Unitech’s business model spans sales of residential units, commercial leasing, and land monetization, giving it multiple levers to generate cash across real estate cycles. That structural diversification can provide optionality to shift focus among sale, lease, or asset monetization to stabilize revenues over months to years, assuming projects are funded and executed.

Integrated township development capability

Expertise in integrated township projects supports creation of large-scale, mixed-use assets that capture diverse end-demand and land-value uplift. Over the medium term, successful township execution can generate phased cash flows, higher asset value realization, and a competitive moat via scale and planning control, if funding and approvals are secured.

Listed on major exchange (NSE)

Being listed on the NSE provides ongoing access to public equity and visibility to institutional investors, which is a durable structural benefit for financing large real estate developments. This access can enable capital raises, equity cures, or secondary transactions over several months, aiding project completion and debt refinancing when conditions permit.

Negative Factors

Negative shareholders' equity

A negative equity position is a fundamental solvency concern: liabilities exceed assets, constraining borrowing capacity and creditor confidence. Over months this limits the company’s ability to fund ongoing projects, negotiate favorable financing, or absorb shocks, and raises the risk of restructuring or insolvency absent material capital infusions.

Negative operating and free cash flow

Sustained negative operating and free cash flows undermine the company's capacity to self-fund project execution and overhead, forcing reliance on external financing or asset sales. Over a 2–6 month horizon this weakens liquidity, increases refinancing risk, and can impair project delivery and long-term revenue realization if not addressed.

Negative margins and declining revenue

Negative gross and net margins alongside falling revenue indicate the core property development economics are loss-making and deteriorating. This structural profitability weakness reduces retained earnings, prevents rebuilding balance sheet strength, and makes sustained turnaround difficult without significant cost restructuring, asset monetization, or fresh capital.

Unitech Limited Business Overview & Revenue Model

Company Description

Unitech Limited develops and leases real estate properties in India. The company develops commercial complexes, IT/ITes parks, SEZs, schools, hotels, malls, golf courses, and amusement parks. It also develops integrated residential projects, which include villas, apartments, offices, retail spaces, schools, clubs, floors, plots, and townships. In addition, the company leases IT/ITes and commercial office spaces; and hospitality projects. Unitech Limited was incorporated in 1971 and is headquartered in Gurugram, India.

How the Company Makes Money

Unitech generates revenue primarily through the sale and leasing of residential and commercial properties. The company earns income from real estate sales, wherein it develops properties and sells them to customers, often at a premium due to location and amenities. Additionally, Unitech engages in joint ventures with other developers and investors, which can lead to shared profits from large-scale projects. Leasing commercial spaces also contributes to its revenue, providing a steady income stream. The company's financial health is further bolstered by strategic partnerships with various financial institutions and investors that help in funding its projects and expanding its market reach.

Unitech Limited Financial Statement Overview

Summary

Financial performance is extremely weak: declining revenue, negative gross profit (COGS exceeding revenue), deeply negative net/EBIT/EBITDA margins, negative equity indicating elevated insolvency risk, and negative operating/free cash flows with deteriorating liquidity.

Income Statement

Unitech Limited has been facing a declining revenue trend with a significant drop in profitability. The gross profit margin is negative, indicating that the cost of goods sold exceeds the total revenue, and the net profit margin is heavily negative due to substantial losses. Additionally, EBIT and EBITDA margins are also negative, reflecting poor operational efficiency.

Balance Sheet

The company's financial stability is concerning, with a negative stockholders' equity indicating insolvency risks. The debt-to-equity ratio cannot be reliably calculated due to negative equity, but high total debt levels suggest significant leverage. The equity ratio is negative due to total liabilities exceeding total assets, highlighting financial instability.

Cash Flow

Unitech Limited's cash flow situation is challenging, as indicated by negative operating and free cash flows. The free cash flow to net income ratio is unfavorable, suggesting cash flow issues in covering net losses. Additionally, past free cash flow growth rates have been negative, reflecting worsening liquidity.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.52B	3.22B	4.72B	4.00B	5.19B	5.45B
Gross Profit	2.52B	-2.20B	-6.32B	1.23B	875.53M	1.89B
EBITDA	3.22B	-3.53B	-14.38B	-10.29B	-3.03B	-6.58B
Net Income	-21.09B	-25.93B	-33.27B	-27.88B	-10.12B	-15.94B
Balance Sheet
Total Assets	0.00	264.36B	265.20B	268.86B	267.33B	258.80B
Cash, Cash Equivalents and Short-Term Investments	5.91B	5.91B	4.34B	3.94B	4.47B	1.70B
Total Debt	0.00	73.21B	73.86B	71.70B	71.30B	70.69B
Total Liabilities	81.68B	346.04B	314.81B	280.25B	247.01B	227.99B
Stockholders Equity	-81.68B	-68.18B	-41.95B	-8.54B	20.02B	30.36B
Cash Flow
Free Cash Flow	0.00	-313.40M	129.72M	2.47B	-189.66M	-399.08M
Operating Cash Flow	0.00	-273.34M	150.95M	2.51B	-136.54M	-336.63M
Investing Cash Flow	0.00	279.01M	131.04M	40.73M	583.43M	677.12M
Financing Cash Flow	0.00	-57.48M	-103.33M	-246.48M	-318.83M	-536.62M

Unitech Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 5.87
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:UNITECH, the sentiment is Negative. The current price of 5.87 is above the 20-day moving average (MA) of 4.99, above the 50-day MA of 5.57, and below the 200-day MA of 6.82, indicating a bearish trend. The MACD of -0.39 indicates Positive momentum. The RSI at 20.55 is Positive, neither overbought nor oversold. The STOCH value of 14.16 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:UNITECH.

Unitech Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AGIIL	71 Outperform	₹29.77B	38.73	―	0.04%	16.12%	36.94%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
SHRIRAMPPS	60 Neutral	₹12.55B	15.04	―	―	13.78%	63.01%
HUBTOWN	55 Neutral	₹29.07B	22.53	―	―	64.29%	―
ARIHANTSUP	52 Neutral	₹11.68B	26.08	―	0.48%	16.36%	28.21%
UNITECH	40 Underperform	₹11.09B	-0.55	―	―	-10.36%	46.24%
OMAXE	39 Underperform	₹13.73B	-2.17	―	―	-22.30%	-8.72%