Stock to buy for long-term: Prabhudas Lilladher sees 60% upside in Sunteck Realty shares
Sunteck Realty shares are projected to have a potential upside of over 60%, based on an analysis by domestic brokerage Prabhudas Lilladher (PL Capital). Although the brokerage has reduced its target price for Sunteck Realty from ₹ 700 to ₹ 650, it anticipates a surge in the stock in the near future. Sunteck Realty shares today were trading nearly 1% lower at ₹ 398.10 apiece around 13:13 IST.
PL Capital forecasts a growth of over 20% CAGR in the company's presales during FY25-27E, supported by ongoing projects and a robust pipeline of new launches, including the Dubai joint venture project. Additionally, considering the expected strong cash flow generation, the brokerage predicts that Sunteck Realty will increase its new project additions, which will serve as a significant driver for stock performance.
'Our FY26E stands reduced as we factor in revenue booking from One World project in FY27 however our FY27E largely remain unchanged. Maintain 'Buy' rating with a revised TP of ₹ 650/share,' said the brokerage in its report.
Further, while discussing about the company's growth, PL Capital is of the opinion that the BKC and Max World projects contributed to the acceleration in sales, while the newly introduced phase 1 project on Nepean Sea Road supported pre-sales.
The brokerage's report indicated that Sunteck Realty achieved an EBITDA of ₹ 687 million in comparison to ₹ 486 million in Q3FY25, benefiting from the BKC projects. Year-over-year, consolidated revenues fell by 52% to ₹ 2 billion. For FY25, revenues increased by 51%, supported by contributions from the BKC and Max World (Naigaon) project, resulting in total annual revenues of ₹ 8.5 billion. The PAT was reported at ₹ 504 million, up from ₹ 425 million quarter-over-quarter and down from ₹ 1 billion year-over-year.
The company's pre-sales saw a 28% year-over-year increase, reaching ₹ 8.7 billion, which is also a 37% rise quarter-over-quarter, supported by the launch of the new Nepean Sea Road project. The ultra-luxury projects, including the 3 BKC projects and the Nepean Sea Road initiatives, accounted for 66% of the total pre-sales, amounting to ₹ 5.73 billion, while the high mid-income developments, such as Sunteck City, Beach Residencies, and Sky Park projects, contributed 27%, or ₹ 2.35 billion, to the overall pre-sales.
Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
First Published: 6 May 2025, 01:24 PM IST
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
2 days ago
- India.com
India's most expensive school is located in..., monthly fee is Rs...; offers unique curriculum which includes...
There are multiple schools around the globe, each offering different experiences and qualities. Some schools are known for their expensive fees, providing top-notch facilities, elite education, and exclusive environments. While some are known for their exceptional infrastructure. In some states of India, especially Mumbai, Delhi, and Uttarakhand, the school fees are so high that more than half the salary of a highly paid IT engineer or software developer would go toward educating their child at one of these schools. According to a report by India has approximately 226 schools affiliated with the International Baccalaureate (IB) curriculum. These schools are mostly found in bigger cities like Mumbai, Delhi, and Uttarakhand, with high fees ranging from ₹8 to ₹10 lakh or even more per year. These kinds of fees can devour over half the pay of a highly remunerated IT engineer or software developer. Therefore, these upper-division schools are generally attended by the offspring of high-profile industrialists, politicians, and upper-echelon bureaucrats. The IB curriculum, which was introduced in India in 1976, provides an internationally accepted educational approach through four primary programmes: Primary Years Programme (PYP): For 3–11 year olds Middle Years Programme (MYP): For 11–16 year olds Diploma Programme (DP): For 16–19 year olds Career-related Programme (CP): For 16–19 year olds Typically, these IB programmes include six subjects: Language, Math, Science, History, Art, and a Second Language. In addition, under the Theory of Knowledge (TOK) component, students are taught ethics. They are also required to write in-depth essays on various topics as part of the Extended Essay component. The following are the 10 most costly schools in Mumbai, with their world-class infrastructure, international curricula, and cream student profiles: Dhirubhai Ambani International School (BKC) Founded by the Reliance Group, this school is one of the most popular in Mumbai. It follows the International Baccalaureate (IB) curriculum and is renowned for its competitiveness and worldwide facilities. École Mondiale World School (Juhu) Run by International Knowledge Park, this co-educational school is IB curriculum-based. It's in the posh Juhu locality and is famous for its individualized learning pattern. Aditya Birla World Academy (Tardeo) Started in 2010, this co-educational school is IB curriculum-based. It's supported by the reputed Birla Group and combines academic achievement with a focus on student welfare. Cathedral and John Connon School (Fort) One of the oldest and most well-known schools in Mumbai, Cathedral provides the IB programme for 11 and 12. It has a reputation for sending some of India's most influential people into the world. Singapore International School (Dahisar) This co-educational school is attended by Indian and international students alike, providing the IB Primary Years Programme (PYP), IGCSE, and the IB Diploma Programme. It's famous for its picturesque campus and internationalist ethos. Ascend International School (BKC) Operated by the Kasegaon Education Society, this co-educational school started in 2015 and has the IB curriculum from Pre-Primary to Grade 12. It is unique with its student-centric model of teaching. Bombay International School (Breach Candy) One of the better South Mumbai schools, it teaches both IB and the Cambridge (CAIE) curricula. It balances academic rigor with a nurturing atmosphere. Hill Spring International School (Tardeo) Established in 2004 and run by the Citizens Education Society, this school provides the IB Diploma Programme. It is valued for its culture of community and active academic guidance. Mount Litera School International (BKC) Affiliated with the International Baccalaureate Organization, this school provides IB programs at Primary, Middle, and Diploma levels. It's recognized for combining international learning with Indian values. B.D. Somani International School (Cuffe Parade) B.D. Somani provides the IGCSE course for Grades 9 and 10, and the IB Diploma course for Grades 11 and 12. It is highly regarded for its flexible, student-centered style of education. Delhi's 9 Most Priciest Schools The British School, Chanakyapuri Referred to as Delhi's costliest international school, The British School boasts a global curriculum and is well known for its academic excellence and high-end facilities. The American Embassy School, Chanakyapuri Serving mainly the expat community, this school has an American curriculum. It's famous for its challenging academic programs and extensive extracurricular activities. The French School (Lycée Français de Delhi) It provides the French national curriculum and focuses on multilingualism and cultural exchange, making it stand out among international schools. Excelsior American IB School A day-boarding school integrating international pedagogy with the UK-based Cambridge curriculum. It also provides the International Baccalaureate Diploma Programme. The Shri Ram School, Vasant Vihar Renowned for innovative methods of instruction, this school emphasizes the holistic growth of students and ranks among the best options for high-society families in Delhi. The Vasant Valley School (Thavasi World School) Set amidst the picturesque Aravallis, this IB school has a stunning campus and international-standard infrastructure. Its fee structure is in line with its high-end offerings. DPS International, Saket A part of the prestigious Delhi Public School chain, this branch is an international school and has become popular for fusing DPS's heritage with international standards of teaching. The Heritage School, Rohini Being affiliated with the Cambridge International Examinations (CIE), this school is famous for its infrastructure and foreign teaching staff, providing learners with a multicultural learning experience. Pathways School With yet another branch in Noida, Pathways is highly acclaimed throughout the National Capital Region (NCR) for its progressive modes of education and IB curriculum.
India.com
2 days ago
- India.com
Bullet Train Big Update: Route Map with 12 stations released, check names here, trial begins, project to be completed by...
Bullet Train Speed: The Mumbai-Ahmedabad bullet train, India's first high-speed rail project, is continuously progressing towards completion. This 508-kilometer-long corridor will pass through Maharashtra, Gujarat, and Dadra and Nagar Haveli, with a total of 12 stations being constructed along the route. It is important to note that the trials for the train have already begun in Japan, and it is expected to be operational in India by 2026. In this article, we will discuss this mega project and the cities it will pass. Which 12 Stations Will the Bullet Train Pass Through? Mumbai (Bandra Kurla Complex): This will be the starting station of the corridor Thane: The station in Thane is proposed near Dombivli East Virar: This will be the third station in Maharashtra, located in the Palghar district. Boisar: Boisar station will connect nearby industrial areas. Vapi: The first station in Gujarat, Vapi is an important commercial hub. Bilimora: Located in Navsari district, this station will promote regional tourism. Surat: A major commercial city in Gujarat, Surat will be one of the key stops for the bullet train. Bharuch: Situated on the banks of the Narmada River, this station will support industrial development. Vadodara: Known as Gujarat's cultural and educational hub, construction at this station is progressing rapidly. Anand/Nadiad: Located in Kheda district, this station will serve the agricultural and dairy industries. Ahmedabad: Often referred to as the economic capital of Gujarat, the bullet train station will be near Kalupur. Sabarmati: The final station of the corridor, it will be integrated with the Ahmedabad Metro. Mumbai-Ahmedabad: All You Need to Know The Mumbai–Ahmedabad High-Speed Rail (MAHSR) corridor spans approximately 508 km The corridor will cross major hubs including Mumbai (BKC), Thane, Virar, and Boisar in Maharashtra In Gujarat the corridor will cross Vapi, Bilimora, Surat, Bharuch, Vadodara, Anand, Ahmedabad, Sabarmati The corridor is divided into two sections, with the Gujarat segment covering 348 km and the Maharashtra segment spanning around 156 km Underground sections: 21 km Sea tunnel: 7 km Mountain tunnels: 5 km Union Minister Harsh Sanghavi Shares Update Union Minister Harsh Sanghavi recently shared a post that reads, 'India's first bullet train station in Surat is almost ready. Trial runs will begin next year, and full service is expected by 2029. Also, 300 km of viaduct work near Surat is now complete with the launch of a 40-metre full-span box girder.'
&w=3840&q=100)
Business Standard
7 days ago
- Business Standard
IndiGo to start non-stop flights to 10 int'l destinations in FY26: CEO
IndiGo plans to launch non-stop flights to 10 new international destinations in 2025–26 (FY26), including Manchester and London in the UK, Amsterdam in the Netherlands, Copenhagen in Denmark, Siem Reap in Cambodia, Athens in Greece, and four cities in Central Asia, its Chief Executive Officer Pieter Elbers said on Friday. 'IndiGo currently serves 40 international destinations. By the end of FY26, we aim to expand this to 50,' Elbers said at a press conference. He added that the expansion will be supported by the recently leased Boeing 787 aircraft and the Airbus A321XLR planes, which are expected to join the fleet in the latter part of FY26. The A321XLR is a new long-range narrow-body aircraft developed by Airbus. It is slated to enter commercial service globally in the second half of FY26. Elbers did not mention the names of the Central Asian cities that would be connected via IndiGo flights in FY26. Responding to a question on whether IndiGo might consider joining one of the three major global airline alliances — Star Alliance, oneworld, or SkyTeam — Elbers said the airline currently sees more value in building bilateral codeshare partnerships rather than joining a formal global grouping. 'We're having partnerships with different airlines from different parts of the world. If it makes sense for the two parties, we can do the partnership... We have no short-term ambitions — or no ambitions, actually — at this point in time to move into an alliance,' he said. He explained that while Indian carriers currently account for about 45 per cent of India's international passenger traffic, the figure is significantly lower on certain routes, particularly to Europe. 'In some parts of the world, it's a 50-50 share, but for Europe, for example, it's more like 70 per cent of traffic on European operators and just 30 per cent on Indian operators... So the opportunity to expand in that region is just very obvious for us," he added. There are three major global airline alliances in the world: Star Alliance (featuring Lufthansa, Singapore Airlines, United Airlines, Air India, among others), SkyTeam (which includes Air France-KLM, Delta Air Lines, and Korean Air), and oneworld (featuring British Airways, Qatar Airways, and American Airlines). These alliances allow member airlines to coordinate schedules, share airport lounges, offer reciprocal frequent flyer benefits, and simplify global ticketing and connections. A year ago, IndiGo — for the first time — placed an order for wide-body aircraft, ordering 30 Airbus A350 planes. These are scheduled to join IndiGo's fleet from 2027 onwards. Elbers ruled out the possibility of advancing the delivery schedule for the A350s, saying the production and allocation of such aircraft follow a rigid timeline. 'Wide-bodies have a very different structure compared to narrow-bodies,' Elbers said, when asked whether the A350 deliveries could be brought forward to accelerate IndiGo's international expansion. 'I wish I could just pick up the phone and say, 'You know what, switch a few — I won't take these (narrow-bodies), I'll take those (wide-bodies).' But it doesn't work like that,' he added. Using a culinary metaphor, he stated, 'It's not like switching from a samosa to a paneer tikka — you can't just do it instantly. There's a lead time involved, and the production schedule is already very tight and optimised.' Elbers noted that the decision to place the wide-body order in 2024 was a timely move. 'I'm very glad we made the A350 order last year, which will allow us to induct those aircraft from 2027. But yes, you're right — India is in a hurry, and so is IndiGo.'
