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Posts tagged Sunteck Realty share price target

Sunteck Realty’s Project launches to boost presales growth. Buy for target price of ₹561 (43% upside): Motilal Oswal



Sunteck Realty share price target

Sunteck Realty (SRIN) is on a project acquisition spree with an aim of doubling its GDV every three years, guided by healthy cash flow generation. The company has adopted an asset-light strategy to maintain a lean balance sheet while accelerating execution. Its in-house construction management ensures control over the pace and quality of product delivery. Guided by a strong launch pipeline, the company’s presales are expected to achieve a 24% CAGR over FY25-27E, while its collection and operating cash flow will post a CAGR of 57% and 79%, respectively. We have confidence in SRIN’s growth visibility; hence, we reiterate our BUY rating with a revised TP of INR561/shar

Sunteck Realty is an interesting play on Mumbai’s high value real estate market. Buy for target price of ₹650 (52% upside): PL Capital



Sunteck Realty share price target

Sunteck Realty (SRIN) reported strong pre-sales (31% YoY) and steady collections (up 3% YoY) in Q1. SRIN’s proven ability to market ultra-luxury projects, aggressive and multi-pronged land acquisition capabilities in various micro markets across Mumbai Metropolitan Region (MMR) is an interesting play on Mumbai’s high value real estate market. We expect the company’s presales to grow to +20% CAGR over FY25-27E, aided by ongoing projects and strong new launches pipeline including the Dubai JV project. Further given likely strong cash flow generation, we see SRIN to step up new project additions which will be a key catalyst for stock performance. Our FY26E and FY27E broadly remain unchanged. Maintain ‘Buy’ rating with TP of Rs. 650/share

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