MarketFriction

Valor Estate Ltd

NSE DBREALTY · BSE 533160 · Residential, Commercial Projects
₹91.70 -4.99%
NSE close2026-10-01
52 week range83.50 - 165.24
Market cap₹5,306 Cr.
Microcap 250 Price band 5% Delivery 65.8%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales68.02142.80144.226.793.48329.50537.09840.33136.85529.1886.91110.79
Expenses19.0262.52114.5115.15181.37311.56559.72870.2794.53438.90165.6987.73
Operating Profit49.0080.2829.71-8.36-177.8917.94-22.63-29.9442.3290.28-78.7823.06
OPM %72.04%56.22%20.60%-123.12%-5,111.78%5.44%-4.21%-3.56%30.92%17.06%-90.65%20.81%
Other Income915.30401.078.6310.71-3.5310.5534.5575.251.356.7250.617.69
Interest23.385.0933.0714.84-7.6727.2612.5018.2929.1225.1126.7230.47
Depreciation0.0913.6012.240.480.4913.720.470.470.171.213.861.47
Profit before tax940.83462.66-6.97-12.97-174.24-12.49-1.0526.5514.3870.68-58.75-1.19
Tax %5.01%0.00%91.25%1.70%-36.16%-163.41%46.67%48.36%30.74%11.94%0.26%11.76%
Net Profit893.74462.64-13.33-13.19-111.237.93-1.5413.729.9662.24-58.90-1.33
EPS in Rs17.639.26-0.12-0.25-2.120.08-0.040.230.191.15-1.09-0.02
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales206141120365169252196983571,1331,593864
Expenses2652243584664051343171,4133291,2521,568787
Operating Profit-59-83-238-101-235-109-98-71528-1192577
OPM %-29%-59%-199%-28%-139%-444%-45%-102%8%-11%1.6%9%
Other Income14014274-34972825277091,4537413366
Interest869611916026133428654839399111
Depreciation1411621110265367
Profit before tax-19-47-289-296-401-162142-611,372-1915325
Tax %19%57%4%-17%10%3%85%49%4%-38%49%
Net Profit-23-74-301-247-440-16722-901,317-1182712
EPS in Rs-0.76-2.45-10.30-10.90-17.20-6.981.04-2.5724.53-2.330.470.23
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth23%130%32%-50%
Compounded Profit Growth3%15%26%71%
Stock Price CAGR10%33%-11%-40%
Return on Equity-3%1%9%0%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital243243243243243243243259352538538542
Reserves3,1682,5952,5312,2601,9961,3141,0931,6301,7854,4774,3553,549
Borrowings1,1951,3071,5491,7342,0952,1912,5013,7212,9782,2231,900747
Other Liabilities1,8631,8502,1882,4092,6482,9493,5083,1523,3321,9251,7541,520
Total Liabilities6,4705,9966,5126,6466,9836,6977,3458,7618,4489,1638,5476,359
Fixed Assets48124343135334821215375722,4292,427161
CWIP303000000001060
Investments1,7071,5621,5561,7301,7411,5101,3991,5641,7288001,290365
Other Assets4,2524,1614,5254,5624,8944,9765,7937,1236,6485,9254,8255,833
Total Assets6,4705,9966,5126,6466,9836,6977,3458,7618,4489,1638,5476,359
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-208-71555-40-19522795-26796237540939
Cash from Investing Activity-231-394-588165-36-160-165275-200486-689-336
Cash from Financing Activity417472-94-102326-6375865218-595-580
Net Cash Flow-227-12722955594-52741-74322
Free Cash Flow-219-79381-40-191218121-26395184436925
CFO/OP-1,083%121%-670%17%190%-109%-83%274%-14%844%-465%3,764%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days189102203171901811,10937236848164
Inventory Days24,5761,2311,482490
Days Payable1,7464413018
Cash Conversion Cycle1891022031719023,0121,1093721,222841,433537
Working Capital Days1,3692,8013,7253,3841,0031,36310,7641,7971761,667416182
ROCE %1%2%1%-2%-0%-3%-0%-1%-11%22%-1%2%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters53.82%50.89%47.44%47.38%47.38%47.37%47.37%47.43%47.43%47.45%47.17%47.17%
FIIs2.17%2.14%5.23%3.60%3.46%3.56%4.68%5.46%5.16%4.98%5.07%4.79%
DIIs0.04%0.09%0.49%0.43%0.37%0.43%0.38%0.50%0.50%0.43%0.29%0.39%
Public43.96%46.89%46.85%48.59%48.78%48.64%47.57%46.61%46.88%47.13%47.45%47.65%
No. of Shareholders53,97360,38969,24994,6601,01,1071,04,9281,01,58890,35992,77591,25789,12286,800

Fundamentals

Market Cap₹ 5,306 Cr.
Current Price₹ 97.8
Book Value₹ 75.4
ROCE1.55 %
ROE-0.19 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-50%
Compounded Profit Growth (TTM)71%
Consolidated figures.
Valuation
Market capRs 4,974 Cr
Enterprise valueRs 5,644 Cr
P/E (TTM)424.39x
Price to book1.22x
Price to sales5.76x
EV / EBITDA39.40x
EV / EBIT41.33x
EV / sales6.53x
Price to cash flow5.30x
Earnings yield0.24%
P/E, 3-year average6.95x
P/B, 3-year average1.63x
P/E, 5-year average47.39x
P/B, 5-year average1.36x
Profitability
Operating margin (excl. other income)1.57%
Operating margin (incl. other income)9.90%
EBITDA margin16.59%
Pre-tax margin2.91%
Net profit margin1.36%
Net margin, latest quarter-1.13%
ROE0.57%
ROCE2.62%
ROA0.34%
ROE, 3-year average11.64%
ROCE, 3-year average8.26%
ROA, 3-year average4.64%
ROE, 5-year average6.42%
ROCE, 5-year average6.75%
ROA, 5-year average2.64%
ROIC (approx.)1.47%
Tax rate48.89%
Other income / net worth3.25%
Growth
Sales growth (latest year)40.61%
Sales CAGR, 3 years31.65%
Sales CAGR, 5 years130.36%
Sales growth QoQ27.48%
Sales growth YoY (latest quarter)-86.82%
Profit growth YoY (latest quarter)-109.99%
Per share
EPS (TTM)Rs 0.22
EPS (latest quarter)Rs -0.02
EPS, 3-year averageRs 11.10
EPS, 5-year averageRs 5.17
Book value per shareRs 75.44
Sales per shareRs 15.92
Cash flow per shareRs 17.31
Free cash flow per shareRs 17.05
Efficiency
Asset turnover0.25x
Fixed asset turnover9.91x
Inventory turnover0.74x
Inventory days490 days
Debtor days64 days
Debtors turnover5.66x
Creditor days18 days
Cash conversion cycle537 days
Working capital days182 days
Leverage
Total debtRs 747 Cr
Cash and bankRs 77 Cr
Net debtRs 670 Cr
Debt to equity0.18x
Net debt / EBITDA4.68x
Interest coverage1.23x
Current ratio (filing 2026-03-31)1.45x
Quick ratio (filing 2026-03-31)0.70x
Trade payables (filing 2026-03-31)Rs 52 Cr
Owners' fund to total sources64.35%
Debt to assets11.74%
Cash flow
Cash from Operating Activity (latest year)Rs 939 Cr
Cash from Investing Activity (latest year)Rs -336 Cr
Cash from Financing Activity (latest year)Rs -580 Cr
Net Cash Flow (latest year)Rs 22 Cr
Free cash flow (latest year)Rs 925 Cr
FCFE (approx.: FCF + change in debt)Rs -228 Cr
Cash from ops / profit, 5 years1.33x
Sales to cash flow1.70x
Statement figures
Net sales (TTM)Rs 864 Cr
Net sales (latest year)Rs 1,593 Cr
Sales (latest quarter)Rs 111 Cr
Operating profit excl. other income (latest year)Rs 25 Cr
Operating profit (latest quarter)Rs 23 Cr
Other income (TTM)Rs 66 Cr
EBITDA (TTM)Rs 143 Cr
PBDT (TTM)Rs 32 Cr
Profit before tax (TTM)Rs 25 Cr
Tax (latest year)Rs 26 Cr
Net profit (TTM)Rs 12 Cr
Net profit (latest year)Rs 25 Cr
Net profit (latest quarter)Rs -1 Cr
Depreciation (TTM)Rs 7 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 111 Cr
Cost of goods sold (latest year)Rs 1,084 Cr
Total expenditure (latest year)Rs 1,568 Cr
Total income (latest year)Rs 1,726 Cr
Share capitalRs 542 Cr
ReservesRs 3,549 Cr
Shareholders' fundsRs 4,092 Cr
Total assetsRs 6,359 Cr
Net blockRs 161 Cr
InvestmentsRs 365 Cr
ReceivablesRs 282 Cr
InventoryRs 1,456 Cr
Other liabilitiesRs 1,520 Cr
Shares outstanding (crore)54.24
Ownership
Promoter holding47.17% (-0.26 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 1.21 is at the 48th percentile (median 1.26).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodDBREALTYNifty 50Difference
1 week-8.5%-2.8% -5.7 pts
1 month-10.9%-6.8% -4.1 pts
3 months-20.0%-7.6% -12.4 pts
6 months+9.2%+0.4% +8.8 pts
1 year-45.6%-9.9% -35.7 pts
2 years-53.6%-13.6% -40.1 pts
3 years-43.5%+14.2% -57.7 pts
5 years+229.9%+27.9% +202.0 pts
5 mutual fund schemes hold about ₹7 Cr. Over three months 0 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Motilal Oswal Nifty Microcap 250 Index Fund0.27%7
Groww Nifty Total Market Index Fund0.01%0
Angel One Nifty Total Market Index Fund0.01%0
Mirae Asset Nifty Total Market Index Fund0.01%0
Bandhan Nifty Total Market Index Fund0.01%0

Red flags

F-score 8 of 8
lookProfit leans on other income Other income was 251% of pre-tax profit in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹111 Cr -86.8% vs Jun 2025. Net loss ₹1 Cr.
Against our estimate for Jun 2026: sales -85.1%, profit -104.0% in line. Our estimate for Sep 2026: sales Rs 82 Cr, profit Rs 2 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2025-07-18Demerger
2023-09-22Annual General Meeting
2022-09-22Annual General Meeting
2021-09-22 Annual General Meeting
2020-12-14 Annual General Meeting
2019-09-19 Annual General Meeting
2018-09-18 Annual General Meeting
2017-09-20 Annual General Meeting
2016-09-20 Annual General Meeting
2015-09-16 Annual General Meeting
2014-09-18Annual General Meeting
2013-09-19Annual General Meeting
2012-09-13Annual General Meeting
2011-09-14Annual General Meeting
2010-09-22Annual General Meeting
DateTypeWhat it says
2026-10-01Shareholder meetingDisclosure of Voting Results Regulation 44 of the SEBI (LODR) Regulations, 2015
2026-09-30Shareholder meetingOutcome of the 20th Annual General Meeting of FY 2025-26 held on Wednesday, 30th September, 2026
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Scrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Valor Estate Ltd?

Valor Estate Ltd (DBREALTY) has a market capitalisation of Rs 5,306 Cr. at the 2026-10-01 close.

What were Valor Estate Ltd's latest quarterly results?

In the Jun 2026 quarter, Valor Estate Ltd sales was Rs 111 Cr (-86.8% vs Jun 2025) with a net loss of Rs 1 Cr.

What is the 52-week high and low of Valor Estate Ltd?

The 52-week high is Rs 165.24 and the 52-week low is Rs 83.50.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03