Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹742 Cr.
Stock P/E
13.9
P/B
3
Current Price
₹159.7
Book Value
₹ 53
Face Value
10
52W High
₹257.2
52W Low
₹ 138.9
Dividend Yield
0%

Shraddha Prime Proj. Overview

Business

Shraddha Prime Projects Ltd. is an India-based real estate development company. Its core business involves the acquisition and development of land, followed by the construction and sale of residential and commercial properties. The company develops integrated townships, residential apartments, commercial complexes, and plots. It primarily operates as a developer, managing the entire lifecycle of a project from land acquisition, planning and design, construction, marketing, to sales. The company generates revenue by selling developed properties to end-users and investors.

Revenue Mix

The company's primary revenue stream is derived from real estate development and sales. While specific revenue breakdown percentages are not typically segregated in detail publicly for smaller developers, their operations are predominantly focused on:

Residential Projects: Development and sale of apartments, villas, and residential plots.

Commercial Projects: Development and sale or leasing of office spaces, retail outlets, and other commercial properties.

The company has projects predominantly located in the Gujarat region of India, specifically in areas like Ahmedabad and Gandhinagar.

Industry

The Indian real estate industry is vast, fragmented, and highly competitive, characterized by a mix of large national developers and numerous regional and local players. Shraddha Prime Projects Ltd. operates as a regional developer, primarily focused on the Gujarat market. Given its market capitalization and project portfolio, it is positioned as a small to mid-sized player within the broader Indian real estate landscape, competing with other regional developers and some larger players for market share in its target geographies. The industry is heavily influenced by economic cycles, interest rates, and government policies.

MOAT

Shraddha Prime Projects, as a regional developer, likely does not possess strong, wide moats akin to large national players. Potential competitive advantages, if any, could stem from:

Local Market Knowledge: Deep understanding of land acquisition, regulatory environment, and customer preferences in its primary operating regions (e.g., Gujarat).

Execution Track Record (Local): A consistent history of project delivery and quality within its niche, building local brand trust and customer loyalty.

Cost Management: Efficient land sourcing and construction practices specific to its regional operations.

However, these advantages are typically localized and less durable compared to strong national brands, vast land banks, or significant scale enjoyed by larger developers.

Growth Drivers

Urbanization & Demographic Shifts: Continued migration to urban centers in India, coupled with a young and growing population, drives sustained demand for housing and commercial spaces.

Government Initiatives: Policies like "Housing for All" (Pradhan Mantri Awas Yojana), infrastructure development, and smart city projects can boost demand and improve connectivity, benefiting real estate developers.

Economic Growth & Rising Incomes: A growing Indian economy and increasing disposable incomes enhance affordability and investment capacity for real estate.

Favorable Interest Rates: Lower home loan interest rates make property acquisition more attractive for homebuyers.

Regional Demand: Specific growth in the local economy of Gujarat, driven by industrial development and commercial activity, can fuel demand for properties in their operating areas.

Risks

Economic Slowdown: A downturn in the broader Indian economy can significantly impact real estate demand, leading to slower sales and price stagnation.

Interest Rate Sensitivity: Real estate sales are highly sensitive to interest rate changes. Rising rates can dampen buyer sentiment and increase borrowing costs for the company.

Regulatory & Policy Changes: Changes in land acquisition laws, environmental regulations, taxation (e.g., GST), or RERA (Real Estate Regulatory Authority) norms can impact project costs, timelines, and profitability.

Competition: Intense competition from numerous local and regional developers, as well as potential entry of larger players, can exert pressure on pricing and sales.

Funding & Liquidity Risks: Real estate projects are capital-intensive. Challenges in securing timely and affordable financing can lead to project delays or cost overruns.

Land Acquisition Challenges: Difficulty in acquiring suitable land parcels at viable prices can hamper growth.

Construction Risks: Delays in project execution, cost overruns due to material price fluctuations, labor issues, or unforeseen circumstances.

Management & Ownership

Shraddha Prime Projects Ltd. is a promoter-driven company. Key individuals from the Patel family, such as Mr. Ashvin D. Patel, Mrs. Jaynaben A. Patel, and Mr. Chirag A. Patel, are typically involved in the company's management and hold significant promoter shareholding. The management's experience in the regional real estate market is critical to its operations. The ownership structure typically includes a substantial promoter holding, with the remaining shares held by the public and institutional investors.

Outlook

Shraddha Prime Projects Ltd. operates in a sector with significant long-term growth potential, driven by India's urbanization and economic development. Its regional focus in Gujarat provides an opportunity to capitalize on local demand dynamics. However, as a smaller player, it faces intense competition and is highly susceptible to macroeconomic fluctuations, interest rate changes, and regulatory shifts common to the Indian real estate market. The company's ability to consistently acquire land at favorable terms, execute projects efficiently, manage its debt, and adapt to evolving market and regulatory landscapes will be crucial for its sustained performance and growth. The outlook is cautiously optimistic, dependent on stable economic conditions and effective project execution in its target markets.

Shraddha Prime Proj. Share Price

Live · BSE / NSE · Inception: 1993
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Shraddha Prime Proj. Quarterly Results

#(Fig in Cr.) Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 31 26 38 44 48 59 134 129 186 134
Other Income 1 1 1 1 1 2 4 -0 7 3
Total Income 32 27 38 45 50 61 138 129 193 137
Total Expenditure 39 25 28 32 40 48 122 109 163 109
Operating Profit -7 2 11 13 10 13 16 20 30 27
Interest -0 0 0 0 0 0 0 -0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 -0 0 0 0 0
Profit Before Tax -7 2 11 13 9 13 16 20 30 27
Provision for Tax -0 0 3 4 3 4 7 7 7 8
Profit After Tax -7 2 7 9 7 9 8 13 23 19
Adjustments 0 0 -0 -0 -0 -0 1 1 -0 0
Profit After Adjustments -7 2 7 9 7 9 9 14 23 19
Adjusted Earnings Per Share -1.6 0.4 1.8 2.2 1.6 2.2 2.1 3.4 5.7 4.7

Shraddha Prime Proj. Profit & Loss

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 9 84 156 508 583
Other Income 0 1 5 13 14
Total Income 9 85 160 521 597
Total Expenditure 8 74 125 442 503
Operating Profit 1 11 35 79 93
Interest 0 0 0 0 0
Depreciation 0 0 0 0 0
Exceptional Income / Expenses -0 0 0 -0 0
Profit Before Tax 1 11 35 78 93
Provision for Tax 0 4 10 25 29
Profit After Tax 1 7 25 53 63
Adjustments -0 -0 -0 0 2
Profit After Adjustments 0 7 25 54 65
Adjusted Earnings Per Share 0.5 1.6 6.1 13.2 15.9

Shraddha Prime Proj. Balance Sheet

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 1 55 79 132
Minority's Interest 0 2 2 5
Borrowings 0 53 187 251
Other Non-Current Liabilities -0 -0 0 0
Total Current Liabilities 132 104 118 312
Total Liabilities 133 214 385 699
Fixed Assets 1 0 0 1
Other Non-Current Assets 1 2 7 32
Total Current Assets 132 212 378 666
Total Assets 133 214 385 699

Shraddha Prime Proj. Cash Flow

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 0 3 1 10
Cash Flow from Operating Activities -70 -66 -75 -38
Cash Flow from Investing Activities -2 -0 -1 -10
Cash Flow from Financing Activities 75 65 85 72
Net Cash Inflow / Outflow 3 -2 9 24
Closing Cash & Cash Equivalent 3 1 10 34

Shraddha Prime Proj. Ratios

# Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 0.52 1.61 6.06 13.24
CEPS(Rs) 0.57 1.63 6.14 13.16
DPS(Rs) 0 0 0.4 0
Book NAV/Share(Rs) -0.57 12.99 18.91 32
Core EBITDA Margin(%) 10.17 11.61 19.64 13.04
EBIT Margin(%) 9.97 12.74 22.55 15.46
Pre Tax Margin(%) 9.37 12.7 22.33 15.43
PAT Margin (%) 5.89 7.83 16.01 10.5
Cash Profit Margin (%) 6.26 7.89 16.05 10.53
ROA(%) 0.38 3.79 8.32 9.84
ROE(%) 0 25.11 38.4 51.57
ROCE(%) 0.96 8.64 16.46 23.76
Receivable days 0 18.68 14.29 2.85
Inventory Days 4201.65 589.11 527.74 239.39
Payable days -46.67 -78.03 -83.95 -206.27
PER(x) 18.87 50.66 23.85 11.24
Price/Book(x) -17.07 6.26 7.64 4.65
Dividend Yield(%) 0 0 0.27 0
EV/Net Sales(x) 10.97 5.17 4.93 1.64
EV/Core EBITDA(x) 104.23 40.41 21.82 10.56
Net Sales Growth(%) 0 875.46 85.63 226.74
EBIT Growth(%) 0 1147.2 228.46 124.11
PAT Growth(%) 0 1197.9 279.53 114.28
EPS Growth(%) 0 211.56 277.17 118.57
Debt/Equity(x) 64.99 1.89 2.4 1.98
Current Ratio(x) 1 2.03 3.21 2.14
Quick Ratio(x) 0.25 0.39 0.85 0.89
Interest Cover(x) 16.69 287.87 105.85 434.82
Total Debt/Mcap(x) 9.45 0.31 0.32 0.43

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +226% +284% — —
Operating Profit CAGR +126% +329% — —
PAT CAGR +112% +276% — —
Share Price CAGR -15% +98% +97% +52%
ROE Average +52% +38% +29% +29%
ROCE Average +24% +16% +12% +12%

Shraddha Prime Proj. Shareholding Pattern

Latest · Sep 2026
100% held
Promoters 74.78 %
FII 0 %
DII (MF + Insurance) 0 %
Public (retail) 25.22 %
# Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
Promoter 7575757574.9974.7874.7874.7874.7874.78
FII 0000000000
DII 0000000000
Public 2525252525.0125.2225.2225.2225.2225.22
Others 0000000000
Total 100100100100100100100100100100

Shraddha Prime Proj. Peer Comparison

Construction - Real Estate Edit Columns

Shraddha Prime Proj. Quarterly Price

10-year quarterly close · BSE
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News & Updates

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Shraddha Prime Proj. Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 38%
  • Debtor days have improved from -83.95 to -206.27days.

Cons

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