Valor Estate Limited
NSE: DBREALTY · Residential, Commercial Projects · sector
₹78.50NSE close 2026-10-26
Key numbers
Market cap₹4,258 cr
Price₹78.50
52w high / low₹158 / ₹78
P/E341.3xSector median 18.7x
P/B1.0xSector median 1.4x
Book value₹75.4
Dividend yield–Sector median 0.54%
ROE0.3%Sector median 5.5%
ROCE3.6%Sector median 6.5%
OPM18.4%Sector median 12.1%
Debt / equity0.18xSector median 0.36x
EV/EBITDA31.1xSector median 17.7x
Interest cover1.6x
Current ratio1.45x
Sales growth 3y+31.6%Sector median +16.6%
Profit growth 3y–Sector median +28.0%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 141 companies in Residential, Commercial Projects (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹80 cr vs borrowings ₹747 cr (FY26): borrowings are higher by ₹667 cr.
- Borrowings fell in each of the last 3 years (₹2,666 cr → ₹747 cr).
- Operating profit covered interest 1.6x in the last 12 months.
- 32.56% of the promoters' shares are pledged (15.4% of all shares).
- Operating cash flow was below net profit in 2 of the last 5 years (FY24, FY22).
- Net loss in 4 of the last 8 quarters.
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- Other income was 175% of net profit in the last 12 months.
- Debtor days went from 84 (FY24) to 65 (FY26).
- No dividend in the last 5 financial years.
- Price ₹78.50 on 2026-10-26: -50.3% from the 52-week high, 0.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹246.65 · low ₹78.50
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 79 | 330 | 645 | 840 | 137 | 529 | 87 | 111 |
| EBITDA | -210 | 18 | 28 | -3 | 42 | 93 | -1 | 24 |
| OPM % | -266.0% | 5.4% | 4.3% | -0.3% | 30.9% | 17.6% | -1.2% | 21.9% |
| Other income | 63 | 9 | 16 | 58 | 0 | 7 | 6 | 8 |
| Net profit | -114 | 5 | -2 | 13 | 10 | 62 | -59 | -1 |
| EPS (₹) | -2.12 | 0.09 | -0.04 | 0.23 | 0.19 | 1.15 | -1.09 | -0.02 |
| Revenue YoY | +73.1% | +60.6% | -86.5% | -86.8% | ||||
| Profit YoY | – | +1,263.4% | – | -110.0% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 219 | 698 | 357 | 1,133 | 1,593 | 864 |
| EBITDA | 433 | -143 | 235 | -97 | 131 | 159 |
| Net profit | 27 | -90 | 1,319 | -126 | 25 | 12 |
| EPS (₹) | 1.11 | -2.94 | 29.63 | -2.33 | 0.50 | 0.23 |
| Revenue growth | +218.2% | -48.8% | +217.0% | +40.6% | -54.4% | |
| Profit growth | -435.6% | – | -109.5% | – | – | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +31.7% | +130.4% | -54.4% |
| Net profit | – | – | – |
| EPS | – | – | – |
| Share price | – | -30.9% (2y) | -46.0% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 2,137 | 5,015 | 4,893 | 4,092 |
| Borrowings | – | 2,666 | 2,025 | 1,897 | 747 |
| Cash & equivalents | – | 185 | 811 | 340 | 80 |
| Total assets | – | 8,448 | 9,163 | 8,547 | 6,359 |
| Fixed assets | – | 5 | 1,492 | 1,498 | 71 |
| Capital work in progress | – | 0 | 10 | 6 | 0 |
| Investments | – | 1,605 | 795 | 1,071 | 54 |
| Receivables | – | 69 | 83 | 252 | 282 |
| Inventory | – | 2,582 | 2,958 | 2,331 | 1,456 |
| Payables | – | 93 | 128 | 205 | 52 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -267 | 96 | 237 | 540 | 939 |
| Cash from investing | 275 | -200 | 484 | -689 | -336 |
| Cash from financing | 86 | 52 | 18 | -595 | -580 |
| Capex | 20 | 0 | 52 | 48 | 14 |
| Free cash flow | -287 | 96 | 184 | 493 | 925 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | -4.2% | 26.3% | -2.6% | 0.6% |
| ROCE % | – | -0.7% | 20.8% | -1.5% | 4.1% |
| Debtor days | – | 36 | 84 | 81 | 65 |
| Inventory days | – | 746 | 78,553 | 808 | 490 |
| Payable days | – | 27 | 3,403 | 71 | 18 |
| Cash conversion cycle (days) | – | 755 | 75,234 | 818 | 537 |
| Working capital days | – | 529 | 2,495 | 526 | 200 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 47.17% |
| FIIs | 3.86% |
| DIIs | 0.31% |
| of which Mutual funds | 0.13% |
| Public (non-institutions) | 48.65% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 47.37% | 47.37% | 47.43% | 47.43% | 47.45% | 47.17% | 47.17% | 47.17% |
| Promoter group | % |
|---|---|
| Aseela Goenka Sunita Goenka Alok Agarwal Trustee of Goenka Family Trust | 13.04% |
| Neelkamal Tower Construction LLP | 12.32% |
| SB Fortune Realty Private Limited | 10.83% |
| Sanjana Vinod Goenka | 4.13% |
| Aseela Vinod Goenka | 2.97% |
| Jayvardhan Vinod Goenka | 2.51% |
| Vinod K Goenka | 0.49% |
| V S Erectors And Builders Private Limited | 0.33% |
| Shruti Ahuja | 0.23% |
| Vinod Goenka HUF | 0.10% |
| Top Notch Buildcon LLP | 0.05% |
| Karim Gulamali Morani | 0.04% |
| Shabana Balwa | 0.03% |
| Shanita Deepak Jain | 0.02% |
| Mohammad Salim Balwa | 0.02% |
| Public holders above 1% | % |
|---|---|
| Razack Family Trust | 6.31% |
| Rekha Jhunjhunwala | 2.77% |
| KVN Productions LLP | 2.31% |
| Rekha Jhunjhunwala | 1.84% |
| Mukul Mahavir Agrawal | 1.57% |
84,179 shareholders. Pledged: 32.56% of promoter shares.
Peers in Residential, Commercial Projects
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| DLF | ₹1,63,939 cr | 35.9x | 3.6x | 10.3% | 6.3% | 14.8% | +12.9% | 0.90% |
| LODHA | ₹97,912 cr | 23.7x | 4.2x | 19.0% | 17.9% | 32.2% | +20.8% | 0.43% |
| PHOENIXLTD | ₹67,737 cr | 52.9x | 6.2x | 11.9% | 15.4% | 59.1% | +18.8% | 0.13% |
| PRESTIGE | ₹60,152 cr | 52.8x | 3.7x | 7.2% | 10.5% | 28.1% | +15.1% | 0.12% |
| OBEROIRLTY | ₹57,522 cr | 21.9x | 3.0x | 14.7% | 16.9% | 57.1% | +12.8% | 0.51% |
| GODREJPROP | ₹45,942 cr | 28.7x | 2.4x | 8.8% | 6.9% | -7.7% | +31.6% | – |
| BRIGADE | ₹17,781 cr | 25.6x | 2.6x | 11.2% | 10.9% | 27.0% | +18.3% | 0.35% |
| ANANTRAJ | ₹16,514 cr | 27.8x | 2.9x | 11.6% | 11.1% | 27.0% | +37.9% | 0.15% |
| SOBHA | ₹12,247 cr | 64.1x | 2.6x | 4.1% | 6.5% | 6.5% | +16.2% | 0.26% |
| DBREALTY | ₹4,258 cr | 341.3x | 1.0x | 0.3% | 3.6% | 18.4% | +31.6% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2025-07-18 | Restructuring | Demerger |
| 2023-09-22 | Other | Annual General Meeting |
| 2022-09-22 | Other | Annual General Meeting |
| 2021-09-22 | Other | Annual General Meeting |
| 2020-12-14 | Other | Annual General Meeting |
| 2019-09-19 | Other | Annual General Meeting |
| 2018-09-18 | Other | Annual General Meeting |
| 2017-09-20 | Other | Annual General Meeting |
| 2016-09-20 | Other | Annual General Meeting |
| 2015-09-16 | Other | Annual General Meeting |
| 2014-09-18 | Other | Annual General Meeting |
| 2013-09-19 | Other | Annual General Meeting |
| 2012-09-13 | Other | Annual General Meeting |
| 2011-09-14 | Other | Annual General Meeting |
| 2010-09-22 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Real Estate: Real estate and construction related activity
| Sector | Consumer Discretionary |
| Industry | Residential, Commercial Projects |
| Sub-industry | Residential, Commercial Projects |
| Symbol | DBREALTY |
| BSE code | 533160 |
| ISIN | INE879I01012 |
| Face value | ₹10.0 |
| Incorporated | 2007-01-08 |
| Website | www.brealty.co.in |
| Plants (India / abroad) | 6 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.