Sunteck Realty reported pre-sales of Rs 7 billion in Q2 FY26, up 34% YoY/7% QoQ (19% above estimate). In H1 FY26, presales were Rs 13.6 billion, up 32% YoY. Collections were up 24% YoY at Rs 3.3 billion for Q2 FY26 (28% below estimate). In H1 FY26, collections stood at Rs 6.8 billion, up 12% YoY.
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Motilal Oswal Report
We expect Sunteck Realty Ltd. to deliver a healthy 21% presales compound annual growth rate over FY25-28E, fueled by a ramp-up in launches from both new and existing projects. Further, its sound balance sheet and strong cash flows would spur project additions and drive sustainable growth.
We value its residential segment based on the net present value of existing pipelines and its commercial segment based on an 8% cap rate on FY26E Ebitda.
We reiterate our Buy rating on the stock with a target price of Rs 574, implying a 33% upside potential.
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