Sri Lotus Developers & Realty Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹11,872 Cr
- P/E
- 40.55
- ROE
- 16.68%
- PEG
- 0.32
- Price to sales
- 12.74
- Debt to equity
- 0.06
- 52W high / low
- ₹246 / ₹103
- EBITDA margin
- 38.19%
- Net profit margin
- 31.78%
- Promoter holding
- 79.87%
- Sales (last year)
- ₹932 Cr
Incorporated in February 2015, Sri Lotus Developers and Realty Limited is a developer of residential and commercial properties located in Mumbai, specializing in redevelopment projects within the ultra-luxury and luxury segments of the western suburbs.[1]
Guidance scorecard · Q2 FY27 call
What Sri Lotus Developers & Realty Ltd's management guided
and where it ranks in Realty
Realty
RevenueQ1 FY27 call
40%+- FY27 guidance: pre-sales target of INR1,800 to 2,000 crores, with revenue and PAT growth of 55% to 60%.
- Launch pipeline includes four new projects with GDV of approx. INR3,500 to 4,000 crores, indicating strong sales momentum.
- Strong sales response from recent launches like Lotus Trident and Aquaria supports confidence in achieving sales targets.
- Expected EBITDA and PAT margins are healthy, forecasted around 35%-40% and 25%-30% respectively, reflecting strong profitability.
- Collections and cash flow improving as projects reach later construction stages, enhancing revenue recognition.
2 more points from Sri Lotus Developers & Realty Ltd's call on revenue
Create a free account to keep reading this call
MarginsQ1 FY27 call
FlatSee what Sri Lotus Developers & Realty Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- The company is deploying IPO proceeds of approximately INR732 crores (net of expenses), with INR271 crores utilized till June 30, 2026, mainly towards projects Amalfi, Arcadian, and Varun, aligning with planned schedules.
- Ongoing and upcoming projects have a combined GDV of ~INR17,500 to 18,000 crores, reflecting significant capital investment in residential and commercial redevelopment ventures.
- Launched two new projects (Lotus Trident and Lotus Aquaria) with combined GDV of INR1,350 crores, and planning to launch four more projects (Lotus Aurelia, Sky Plaza, Portofino, Odyssey) with GDV of INR3,500-4,000 crores in FY27.
2 more points from Sri Lotus Developers & Realty Ltd's call on capex
Create a free account to keep reading this call
FundraisingQ1 FY27 call
See what Sri Lotus Developers & Realty Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- As of June 2026, the company has an ongoing and upcoming project pipeline comprising 22 projects (17 residential, 5 commercial) with an aggregate GDV of approximately INR17,500 to 18,000 crores.
- Recently appointed as developer for a landmark commercial-cum-retail redevelopment project in Juhu with an estimated GDV of approximately INR1,600 crores.
- The addition of this Juhu project increases the total GDV to around INR18,000 crores.
- Over FY27, the company plans to launch four additional projects: Lotus Aurelia, Lotus Sky Plaza, Lotus Portofino, and Lotus Odyssey, with a combined estimated GDV of INR3,500 to 4,000 crores.
2 more points from Sri Lotus Developers & Realty Ltd's call on the order book
Create a free account to keep reading this call
Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Realty
on management's own guidance
- Sobha LtdGood growth2
- 1
- Man Infraconstruction LtdGood growth3
Portfolio builder
Build your portfolio
from the top-ranked stocks
- 1. Pick 3–15 stocks
- 2. Choose large, mid or small cap and your sectors
- 3. Get a portfolio built from the rankings
Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Realty companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | Sri Lotus Developers & Realty LtdThis stock | 40%+ | Flat | ₹12,035 Cr | 41.1 |
| 2 | Sobha Ltd | 20–40% | Up 2%+ | ₹12,548 Cr | 54.4 |
| 3 | Man Infraconstruction Ltd | 20–40% | Up 2%+ | ₹4,602 Cr | 21.2 |
| 4 | 20–40% | Up 2%+ | ₹1,157 Cr | 12.7 | |
| 5 | 20–40% | Flat | ₹1.06L Cr | 25.6 | |
| 6 | 20–40% | Flat | ₹61,922 Cr | 23.4 |
Sign up free to see every company in the sector ranking and track Sri Lotus Developers & Realty Ltd.
Pro shows every company guiding 40%+ revenue growth →Full Realty rankingFinancials of Sri Lotus Developers & Realty Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Sri Lotus Developers & Realty Ltd
Shareholding breakup across reporting periods.
| Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|
| Promoters + | 81.87% | 81.87% | 81.87% | 81.87% | 79.87% |
| FIIs + | 2.53% | 1.76% | 1.00% | 1.20% | 4.18% |
| DIIs + | 3.05% | 2.84% | 1.59% | 1.73% | 0.88% |
| Public + | 12.54% | 13.54% | 15.55% | 15.19% | 15.07% |
| No. of Shareholders | 1,03,931 | 1,02,774 | 1,02,268 | 96,724 | 76,317 |
Pros & Cons
Sri Lotus Developers & Realty Ltd
Key positives and risks surfaced from the company insights section.
- Mar 2025 Mar 2026 ASP per sq ft INR per sq ft 61,000 Presentation - 26 Aug 2025 “ASP per sq. ft ~INR 61,000/- in FY25” Page 3 · Source 69,000 Presentation - 12 May 2026 “ASP per sq. ft ~INR 69,000/- in FY26” Page 3 · Source Number of Projects in Portfolio count 16 Prospectus - 06 Jan 2025 “As of November 30, 2024, we have three (3) Completed Projects, six (6) Ongoing Projects and seven (7) Upcoming Projects.” Page 203 · Source 25 Presentation - 12 May 2026 “4 Completed Projects 7 Ongoing Projects 14 Upcoming Projects” Page 20 · Source Collections INR Crs 376 Concall Transcript - 19 May 2026 “Collection for the year ended March '26 stood at INR376 crores” Page 5 · Source Estimated GDV of Project Pipeline INR Crs 16,875 Presentation - 12 May 2026 “~16,875 INR Crs.” Page 13 · Source Pre-Sales INR Crs 1,157 Concall Transcript - 19 May 2026 “we achieved pre-sales of INR1,157 crores” Page 4 · Source Pre-Sales from Ongoing Projects (Cumulative) INR Crs 866 Presentation - 12 May 2026 “Total 7,19,221 5,22,223 INR 866 Crs.” Page 29 · Source Total Project Pipeline - Carpet Area million sq ft 4.10 Presentation - 12 May 2026 “~4.1mn. Sq. ft. Carpet Area” Page 4 · Source
- Mar 2025 Mar 2026 ASP per sq ft INR per sq ft 61,000 Presentation - 26 Aug 2025 “ASP per sq. ft ~INR 61,000/- in FY25” Page 3 · Source 69,000 Presentation - 12 May 2026 “ASP per sq. ft ~INR 69,000/- in FY26” Page 3 · Source Number of Projects in Portfolio count 16 Prospectus - 06 Jan 2025 “As of November 30, 2024, we have three (3) Completed Projects, six (6) Ongoing Projects and seven (7) Upcoming Projects.” Page 203 · Source 25 Presentation - 12 May 2026 “4 Completed Projects 7 Ongoing Projects 14 Upcoming Projects” Page 20 · Source Collections INR Crs 376 Concall Transcript - 19 May 2026 “Collection for the year ended March '26 stood at INR376 crores” Page 5 · Source Estimated GDV of Project Pipeline INR Crs 16,875 Presentation - 12 May 2026 “~16,875 INR Crs.” Page 13 · Source Pre-Sales INR Crs 1,157 Concall Transcript - 19 May 2026 “we achieved pre-sales of INR1,157 crores” Page 4 · Source Pre-Sales from Ongoing Projects (Cumulative) INR Crs 866 Presentation - 12 May 2026 “Total 7,19,221 5,22,223 INR 866 Crs.” Page 29 · Source Total Project Pipeline - Carpet Area million sq ft 4.10 Presentation - 12 May 2026 “~4.1mn. Sq. ft. Carpet Area” Page 4 · Source
Financials of Sri Lotus Developers & Realty Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 121 | 123 | 116 | 190 | 61 | 176 | 224 | 308 | 132 | 269 |
| Expenses + | 68 | 57 | 55 | 81 | 32 | 126 | 145 | 186 | 84 | 161 |
| Operating Profit | 53 | 66 | 62 | 109 | 29 | 50 | 79 | 121 | 48 | 107 |
| OPM % | 44% | 53% | 53% | 57% | 48% | 29% | 35% | 39% | 36% | 40% |
| Other Income + | 2 | 2 | 7 | 8 | 7 | 13 | 16 | 15 | 14 | 12 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Profit before tax | 54 | 68 | 69 | 117 | 35 | 62 | 94 | 135 | 61 | 118 |
| Tax % | 26% | 25% | 25% | 26% | 27% | 26% | 26% | 25% | 25% | 25% |
| Net Profit + | 40 | 50 | 51 | 86 | 26 | 46 | 70 | 101 | 46 | 89 |
| EPS in Rs | 1.17 | 1.97 | 0.59 | 0.94 | 1.43 | 1.96 | 0.93 | 1.68 |
Financials of Sri Lotus Developers & Realty Ltd
Profit & Loss
Annual income statement trend
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|
| Sales + | 88 | 169 | 453 | 548 | 766 | 932 |
| Expenses + | 75 | 141 | 295 | 259 | 485 | 576 |
| Operating Profit | 12 | 28 | 158 | 289 | 281 | 356 |
| OPM % | 14% | 16% | 35% | 53% | 37% | 38% |
| Other Income + | 1 | 3 | 5 | 20 | 50 | 56 |
| Interest | 0 | 0 | 0 | 0 | 2 | 2 |
| Depreciation | 0 | 0 | 1 | 2 | 2 | 2 |
| Profit before tax | 13 | 30 | 162 | 307 | 327 | 408 |
| Tax % | 38% | 32% | 26% | 26% | 26% | |
| Net Profit + | 8 | 20 | 120 | 228 | 243 | 305 |
| EPS in Rs | 5.22 | 4.85 | 6.00 | |||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
Financials of Sri Lotus Developers & Realty Ltd
Balance Sheet
Capital structure and asset base
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 20 | 20 | 20 | 44 | 49 | 49 |
| Reserves | 6 | 27 | 150 | 889 | 1,862 | 1,986 |
| Borrowings + | 324 | 309 | 429 | 124 | 131 | 131 |
| Other Liabilities + | 21 | 85 | 138 | 162 | 309 | 620 |
| Total Liabilities | 370 | 441 | 736 | 1,219 | 2,351 | 2,786 |
| Fixed Assets + | 2 | 2 | 4 | 5 | 4 | 10 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 368 | 438 | 732 | 1,213 | 2,347 | 2,776 |
| Total Assets | 370 | 441 | 736 | 1,219 | 2,351 | 2,786 |
Financials of Sri Lotus Developers & Realty Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Cash from Operating Activity + | -88 | 65 | 46 | -20 | -326 |
| Cash from Investing Activity + | -0 | -2 | 28 | 16 | -20 |
| Cash from Financing Activity + | 91 | -15 | -44 | 250 | 747 |
| Net Cash Flow | 3 | 49 | 30 | 246 | 401 |
| Free Cash Flow | -88 | 64 | 46 | -21 | -326 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -663% | 270% | 52% | 19% | -89% |
Financials of Sri Lotus Developers & Realty Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 42 | 23 | 34 | 136 | 157 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 42 | 23 | 34 | 136 | 157 |
| Working Capital Days | 1,334 | 595 | 45 | 392 | 522 |
| ROCE % | 8% | 34% | 37% | 21% |
Guidance history
How Sri Lotus Developers & Realty Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 40%+ | Flat | Planned | — | Rising |
| Q4 FY26 call → | 40%+ | Flat | Planned | — | Rising |
| Q3 FY26 call → | 20–40% | Flat | Planned | Planned | Rising |
| Q2 FY26 call → | 40%+ | Flat | Planned | None planned | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
87 out of 100 — Strengthening
Over the past year its share price has done better than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +32.1% | 79% |
| Last 6 months | +69.6% | 93% |
| Last 3 months | +25.6% | 89% |
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Sri Lotus Developers & Realty Ltd: 0.4 × 79 + 0.4 × 93 + 0.2 × 89 = 87.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Sri Lotus Developers & Realty Ltd's management said in earlier quarters
Others in Realty this season
- Horizon Industrial (Q2 FY27)
Q2 FY27 revenue from operations: Rs 2,150 million, up 30% YoY from Rs 1,655 million in Q2 FY26 (Pages 24, 26, 37). Key investor presentation takeaways from Hori
- Kalpataru Ltd (Q2 FY27)
Q2 FY27 Revenue from Operations: ₹437 Cr, down from ₹794 Cr in Q2 FY26 (approx. Key investor presentation takeaways from Kalpataru Ltd's Q2 FY27 investor presen
- Man Infraconstruction Ltd (Q2 FY27)
Q2 FY27 Revenue from operations: ₹266.0 Cr (up 57% YoY from ₹169.2 Cr in Q2 FY26) [Pg 31] . Key investor presentation takeaways from Man Infraconstruction Ltd's
- Modis Navnirman Ltd (Q2 FY27)
Sales bookings in H1 FY27 were approximately INR 202 crores with 78,560 sq.ft. Key concall takeaways from Modis Navnirman Ltd's Q2 FY27 earnings call — and how…