Unitech Limited (UNITECH) AI Stock Analysis

• Market Cap: ₹11.11B
• Dividend Yield: N/A
• Average Volume (3M): 664.34K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.73
• Revenue Growth: -10.36%
• EPS Growth: 46.24%
• Country: IN
• Employees: 138
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Diversified
• EPS (TTM): -3.25
• 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: 41 Neutral
• Price Target: ₹4.00 ▼(-31.86% Downside)
• Action: Upgraded Date: 03/17/26
• Date: Action: Upgraded 03/17/26

The score is driven primarily by very weak financial performance, including heavy losses, negative equity, and negative operating/free cash flow. Technicals add further pressure with a clear downtrend versus key moving averages, while valuation provides limited support due to a loss-making (negative P/E) profile and no dividend yield data.

Positive Factors

Business model diversification

Unitech’s revenue mix—sales of residential units, commercial leasing and land/right monetization—provides structural diversification across product types and cashflow sources. This reduces dependence on a single project cycle and supports resilience in funding and demand over coming quarters.

Monetizable asset base

The company holds land and development rights that can be monetized via sales, JV structures or leases. Those tangible assets give durable optionality to raise cash or restructure projects, offering a concrete pathway to address liquidity and leverage over a multi-month horizon.

Public listing and tradability

Listing on the NSE with meaningful average trading volume provides ongoing market access and structural financing optionality. The ability to raise equity, execute capital-market transactions or use listed shares in strategic deals supports longer-term recapitalization or partnership strategies.

Negative Factors

Negative equity / insolvency risk

Negative shareholders’ equity signals fundamental solvency weakness and constrains borrowing capacity. This structural imbalance increases default and covenant risk, limits ability to fund projects organically, and may force asset disposals or distress solutions within the medium term.

Negative operating and free cash flow

Sustained negative operating and free cash flows undermine the company’s ability to finance construction, complete projects, or service debt without external support. Absent asset monetization or financing, liquidity pressure can lead to project delays, higher financing costs, or creditor actions over months.

Negative margins and declining profitability

Negative gross and operating margins point to structural pricing or cost issues and poor operational efficiency. Continued unprofitability erodes reinvestment capacity and equity, impairing the firm’s ability to normalize operations or rebuild capital even if revenue stabilizes over a 2–6 month period.

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 Limited’s revenues are primarily generated through its real estate operations, including (a) selling completed or under-construction residential units (apartments, villas, plots) to homebuyers, (b) developing and selling or leasing commercial real estate (such as office and retail space), and (c) monetizing land and development rights through project-specific arrangements. Revenue recognition typically depends on project progress and/or completion and handover, as permitted under applicable accounting standards and regulatory requirements. null

Unitech Limited Financial Statement Overview

Summary

Financial statements indicate severe distress: declining revenue, negative gross/EBIT/EBITDA margins and heavy losses. Balance sheet shows negative equity (liabilities exceed assets), raising insolvency risk, while operating and free cash flows are negative, signaling weak 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	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	4.16B	3.22B	4.72B	4.00B	5.19B	5.45B
Gross Profit	2.64B	-2.20B	-6.32B	1.23B	875.53M	1.89B
EBITDA	5.74B	-3.53B	-14.38B	-10.29B	-3.03B	-6.58B
Net Income	-20.51B	-25.93B	-33.27B	-27.88B	-10.12B	-15.94B
Balance Sheet
Total Assets	264.59B	264.36B	265.20B	268.86B	267.33B	258.80B
Cash, Cash Equivalents and Short-Term Investments	9.26B	5.91B	4.34B	3.94B	4.47B	1.70B
Total Debt	74.31B	73.21B	73.86B	71.70B	71.30B	70.69B
Total Liabilities	361.39B	346.04B	314.81B	280.25B	247.01B	227.99B
Stockholders Equity	-80.15B	-68.18B	-41.95B	-8.54B	20.02B	30.36B
Cash Flow
Free Cash Flow	-1.35B	-313.40M	129.72M	2.47B	-189.66M	-399.08M
Operating Cash Flow	-1.33B	-273.34M	150.95M	2.51B	-136.54M	-336.63M
Investing Cash Flow	90.29M	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: Neutral
• STOCH: Neutral

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 4.73, above the 50-day MA of 4.99, and below the 200-day MA of 6.63, indicating a bearish trend. The MACD of -0.22 indicates Positive momentum. The RSI at 33.41 is Neutral, neither overbought nor oversold. The STOCH value of 22.85 is Neutral, 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	₹38.32B	30.68	―	0.04%	16.12%	36.94%
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%
UNITECH	41 Neutral	₹11.11B	-0.44	―	―	-10.36%	46.24%
OMAXE	39 Underperform	₹12.95B	-2.47	―	―	-22.30%	-8.72%