WEBSITE BSE:537582 NSE: UNISHIRE Inc. Year: 1991 Industry: Construction - Real Estate My Bucket: Add Stock
Last updated: 10:59
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1. Business Overview
Unishire Urban Infra Ltd. is an Indian real estate development company. Its core business involves the conceptualization, design, development, and marketing of residential, commercial, and plotted development projects. The company primarily operates in the Bangalore metropolitan region. It makes money by selling developed properties (apartments, villas, commercial spaces, and land plots) to individual customers and institutional investors, recognizing revenue upon project completion or meeting specific sales milestones as per accounting standards.
2. Key Segments / Revenue Mix
The company's primary revenue driver is residential property development, including apartments and villa projects. It also undertakes plotted developments and, to a lesser extent, commercial projects. Specific percentage breakdowns for revenue contribution by segment are typically not disaggregated in public filings for companies of this size, but residential sales constitute the bulk of its income.
3. Industry & Positioning
The Indian real estate industry is large, fragmented, and highly competitive, characterized by numerous regional and national players. It is also cyclical and sensitive to economic conditions, interest rates, and regulatory changes. Unishire Urban Infra Ltd. positions itself as a regional developer, primarily focused on the Bangalore market. Within this market, it competes with both large national developers and numerous other local builders by focusing on specific micro-markets and project types, often catering to mid-income and aspirational segments.
4. Competitive Advantage (Moat)
Unishire Urban Infra Ltd. does not possess strong, durable competitive advantages typically associated with a wide moat. Its brand recognition is largely regional. While it may have established relationships with land owners, contractors, and customers in its primary market, these are generally not unique or impenetrable. The real estate business is capital-intensive, project-specific, and success often relies on timely execution, quality construction, and effective marketing rather than proprietary technology or network effects.
5. Growth Drivers
Urbanization & Population Growth: Continued migration to Bangalore for employment opportunities drives demand for housing.
Disposable Incomes: Rising middle-class incomes contribute to increased housing affordability and demand.
Government Initiatives: Schemes promoting affordable housing, infrastructure development, and RERA (Real Estate Regulatory Authority) which aims to bring transparency and confidence to buyers.
Favorable Interest Rates: Lower home loan interest rates can stimulate buyer demand.
6. Risks
Economic Slowdown: A general economic downturn or slowdown in the Bangalore job market can significantly reduce demand for real estate.
Regulatory Changes: Changes in land acquisition laws, environmental regulations, or development policies can lead to project delays and cost escalations.
High Capital Intensity & Funding: Real estate development requires significant capital. Delays in project approvals or sales can strain cash flow and lead to higher borrowing costs.
Competition: Intense competition from numerous developers can lead to price wars, impacting profit margins and sales velocity.
Project Execution Risk: Delays in construction, cost overruns, and issues with quality can damage reputation and financial performance.
Market Cycles: The real estate market is inherently cyclical, prone to boom and bust phases, making revenue and profit streams volatile.
7. Management & Ownership
Unishire Urban Infra Ltd. is a promoter-driven company. The promoter group typically holds a significant stake, which is common among Indian companies. The day-to-day management is led by the executive team appointed by the board. The quality of management is reflected in the company's execution track record, financial discipline, and adherence to corporate governance standards, which should be assessed based on their past project deliveries and financial reporting.
8. Outlook
Unishire Urban Infra Ltd. operates in a dynamic and growing real estate market in Bangalore, driven by strong fundamentals like urbanization and economic growth. This provides potential tailwinds for its residential-focused business. However, the company faces significant challenges typical of the real estate sector, including intense competition, regulatory complexities, high capital requirements, and sensitivity to economic cycles. Its future performance will largely depend on its ability to effectively acquire land, secure timely project approvals, execute projects efficiently, manage costs, and adapt to evolving market demands while navigating the inherent risks of the industry.
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Market Cap ₹3 Cr.
Stock P/E -219.1
P/B 0.2
Current Price ₹1.4
Book Value ₹ 8.7
Face Value 10
52W High ₹3.6
Dividend Yield 0%
52W Low ₹ 0
Price goes above X
Price falls below X
PE goes above X
PE falls below X
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| Net Sales |
| Other Income |
| Total Income |
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| Operating Profit |
| Interest |
| Depreciation |
| Exceptional Income / Expenses |
| Profit Before Tax |
| Provision for Tax |
| Profit After Tax |
| Adjustments |
| Profit After Adjustments |
| Adjusted Earnings Per Share |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 0 | 1 | 4 | 2 | 1 | 0 | 2 | 1 | 0 | 4 | 22 | |
| Other Income | 2 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | |
| Total Income | 2 | 2 | 4 | 3 | 1 | 0 | 2 | 2 | 1 | 6 | 23 | |
| Total Expenditure | 1 | 2 | 4 | 2 | 1 | 0 | 2 | 6 | 2 | 5 | 23 | |
| Operating Profit | 0 | 0 | 0 | 0 | 0 | -0 | 0 | -4 | -0 | 1 | -0 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Profit Before Tax | 0 | 0 | 0 | 0 | 0 | -0 | 0 | -4 | -0 | 1 | -0 | |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | |
| Profit After Tax | 0 | 0 | 0 | 0 | 0 | -0 | 0 | -4 | -0 | 0 | -0 | |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Profit After Adjustments | 0 | 0 | 0 | 0 | 0 | -0 | 0 | -4 | -0 | 0 | -0 | |
| Adjusted Earnings Per Share | 0 | 0 | 0 | 0.1 | 0 | -0 | 0 | -1.8 | -0.1 | 0.2 | -0 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 450% | 180% | 0% | 0% |
| Operating Profit CAGR | -100% | 0% | 0% | 0% |
| PAT CAGR | 0% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -40% | -1% | -2% | -18% |
| ROE Average | -0% | 0% | -3% | -1% |
| ROCE Average | -0% | 1% | -3% | -1% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 21 | 21 | 21 | 21 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 3 | 7 | 8 | 8 | 8 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 0 | 0 | 0 | 0 | 1 | 0 | 3 | 1 | 0 | 7 | 0 |
| Total Liabilities | 25 | 28 | 32 | 33 | 34 | 33 | 28 | 22 | 21 | 28 | 21 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 10 | 8 | 13 | 16 | 30 | 17 | 7 | 8 | 8 | 8 | 1 |
| Total Current Assets | 15 | 20 | 19 | 17 | 4 | 16 | 21 | 14 | 13 | 21 | 20 |
| Total Assets | 25 | 28 | 32 | 33 | 34 | 33 | 28 | 22 | 21 | 28 | 21 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow from Operating Activities | -0 | -1 | -0 | -3 | 14 | -13 | -2 | 1 | 1 | -1 | -6 |
| Cash Flow from Investing Activities | -0 | 1 | 0 | 3 | -15 | 13 | 10 | -1 | -1 | 1 | 6 |
| Cash Flow from Financing Activities | 0 | 0 | 0 | 0 | 1 | 0 | -8 | 0 | 0 | 0 | 0 |
| Net Cash Inflow / Outflow | -0 | 0 | -0 | -0 | 0 | -0 | 0 | -0 | 0 | -0 | 0 |
| Closing Cash & Cash Equivalent | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 0.02 | 0.01 | 0.03 | 0.14 | 0.04 | -0.05 | 0.05 | -1.76 | -0.14 | 0.2 | -0.01 |
| CEPS(Rs) | 0.03 | 0.01 | 0.04 | 0.15 | 0.04 | -0.04 | 0.05 | -1.76 | -0.13 | 0.2 | -0 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 10.16 | 10.17 | 10.2 | 10.34 | 10.38 | 10.34 | 10.38 | 8.62 | 8.49 | 8.69 | 8.68 |
| Core EBITDA Margin(%) | 0 | -59.39 | -1.62 | -2.99 | -34.83 | -59.38 | 1.99 | -305.9 | -417.66 | -14.01 | -4.39 |
| EBIT Margin(%) | 909.9 | 3.44 | 3.01 | 22.29 | 11.12 | -36.79 | 5.79 | -293.59 | -104.54 | 16.58 | -0.07 |
| Pre Tax Margin(%) | 887.76 | 3.3 | 2.99 | 22.15 | 11.01 | -36.97 | 5.74 | -293.68 | -105.22 | 16.58 | -0.07 |
| PAT Margin (%) | 544.74 | 1.81 | 2.19 | 16.49 | 9.08 | -36.92 | 5.65 | -293.68 | -105.22 | 11.4 | -0.07 |
| Cash Profit Margin (%) | 668.3 | 2.46 | 2.37 | 16.71 | 9.47 | -35.61 | 5.67 | -293.6 | -101.47 | 11.74 | -0.02 |
| ROA(%) | 0.22 | 0.1 | 0.27 | 1.07 | 0.27 | -0.34 | 0.36 | -17.13 | -1.56 | 1.97 | -0.06 |
| ROE(%) | 0.22 | 0.1 | 0.32 | 1.41 | 0.37 | -0.45 | 0.44 | -18.5 | -1.6 | 2.31 | -0.07 |
| ROCE(%) | 0.37 | 0.19 | 0.44 | 1.9 | 0.44 | -0.44 | 0.43 | -17.27 | -1.57 | 3.31 | -0.07 |
| Receivable days | 0 | 96.03 | 13.28 | 0 | 9.1 | 1536.81 | 457.29 | 304.27 | 236.32 | 23.42 | 3.19 |
| Inventory Days | 0 | 56.01 | 56.27 | 97.77 | 58.8 | 30.67 | 7.62 | 27.67 | 1018.12 | 482.17 | 172.92 |
| Payable days | 0 | 181.83 | 9.01 | 16.56 | 39.26 | 57.16 | 0 | 0 | 0 | 617.48 | 0 |
| PER(x) | 489.64 | 970.87 | 213.72 | 63.47 | 0 | 0 | 25.93 | 0 | 0 | 9.51 | 0 |
| Price/Book(x) | 1.08 | 0.98 | 0.69 | 0.89 | 0 | 0 | 0.11 | 0.27 | 0.2 | 0.22 | 0.24 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 2664.55 | 17.43 | 4.65 | 10.45 | 24.83 | 79.73 | 2.85 | 4.17 | 12.87 | 1.25 | 0.21 |
| EV/Core EBITDA(x) | 257.83 | 426.89 | 145.66 | 46.42 | 215.79 | -224.67 | 49.11 | -1.42 | -12.77 | 7.4 | -1168.37 |
| Net Sales Growth(%) | -99.83 | 0 | 163.15 | -41.59 | -52.43 | -69.94 | 548 | -26.27 | -78.25 | 1238.65 | 428.03 |
| EBIT Growth(%) | -0.74 | -47.57 | 130.57 | 332.44 | -76.27 | -199.48 | 201.95 | -3839.75 | 92.25 | 312.33 | -102.12 |
| PAT Growth(%) | -22.95 | -53.84 | 217.74 | 340.46 | -73.8 | -222.2 | 199.15 | -3933.27 | 92.21 | 245.01 | -103.1 |
| EPS Growth(%) | -22.95 | -53.94 | 218.44 | 340.46 | -73.8 | -222.32 | 199.14 | -3930.07 | 92.21 | 245.04 | -103.12 |
| Debt/Equity(x) | 0 | 0 | 0 | 0 | 0.04 | 0 | 0.11 | 0.02 | 0 | 0.03 | 0 |
| Current Ratio(x) | 150.47 | 132.97 | 56.16 | 45.72 | 3.33 | 138.8 | 7.41 | 17.31 | 84.75 | 2.87 | 77.81 |
| Quick Ratio(x) | 149.28 | 130.91 | 53.81 | 44.86 | 3.33 | 138.36 | 7.4 | 17.08 | 74.26 | 1.54 | 32.56 |
| Interest Cover(x) | 41.11 | 25.47 | 166.47 | 167.95 | 104.17 | -200.04 | 128.37 | -3057.71 | -153.57 | 0 | -131.85 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0.98 | 0.08 | 0 | 0.16 | 0 |
| # | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 19.21 | 18.06 | 18.06 | 9.36 | 0.29 | 0.29 | 0.29 | 0.29 | 0.29 | 0.29 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 80.79 | 81.94 | 81.94 | 90.64 | 99.71 | 99.71 | 99.71 | 99.71 | 99.71 | 99.71 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.47 | 0.44 | 0.44 | 0.23 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 1.97 | 2 | 2 | 2.21 | 2.43 | 2.43 | 2.43 | 2.43 | 2.43 | 2.43 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2.44 | 2.44 | 2.44 | 2.44 | 2.44 | 2.44 | 2.44 | 2.44 | 2.44 | 2.44 |
* The pros and cons are machine generated.
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