Sunteck Realty Ltd, incorporated in the year 1981, is a Mid Cap company with a market cap of Rs 4101.97 Crore, operating in real estate sector.
Sunteck Realty’s key products/revenue segments include income from sale of commercial flats, shops & plots, other operating revenue, rent, sale of services and project management fees for the year ending 31-Mar-2020.
Investment rationale
Sunteck Realty added three projects (Vasai, Vasind and Borivali) spanning ~8msf to its development portfolio during the year. According to Edelweiss Securities’ view, launch of new projects is critical to boost sales momentum going ahead. The brokerage believes the company’s focus on cash flow management (Q4FY21/FY21 cash flows best ever) should keep its balance sheet healthy going ahead.
Financials
For the quarter ended 31-12-2020, the company has reported a consolidated total income of Rs 208.66 Crore, up 40.93 per cent from last quarter’s total income of Rs 148.05 Crore and up 4.67 per cent from last year same quarter’s total income of Rs 199.35 Crore. Company has reported net profit after tax of Rs 21.01 Crore in latest quarter.
Promoter/FII Holdings
Promoters held 67.2 per cent stake in the company as of Dec 30, 2020, while FIIs held 23.6 per cent, DIIs 3.6 per cent and public and other 5.6 per cent.
