If you are interested in real estate, then you must have heard the name of Sunteck Realty. Even though the stock has fallen 18% in the last six months, brokerage firm ANTIQUE has big expectations from it. The brokerage firm has given BUY rating to this stock and fixed the target price at ₹786. Currently its share is trading at Rs 472. In such a situation, it can give you a return of 66% in the long term.
Now the question arises that what is so special about Sunteck Realty? Its recent quarterly report shows that the company has performed well from its ultra-luxury projects. Premium projects like Bandra-Kurla Complex (BKC) and Nepean Sea Road accounted for 67% of the total sales. In the third quarter (3QFY25), the company made pre-sales of ₹6.4 billion, which is 40% more than last year.
Not only this, Sunteck Realty is also expert in its financial management. The company generated operating cash flow of ₹1.2 billion in the quarter and has net debt of just ₹10 lakh. This shows that the company is earning well while keeping its debt under control. Also, the management has targeted 30% booking growth for FY25, of which bookings of ₹16.6 billion have already been done till 9MFY25.
The company’s focus is not just on existing projects. Many of its new projects are going to be launched in the coming months. The company’s sales are expected to increase further with the launch of projects like Oshiwara, Sky Park and Crescent Kalyan. Additionally, the company also has mega projects like Nepean Sea Road and Bandra West lined up for launch in FY26.
The brokerage firm believes that Sunteck Realty can register an annual growth of 30% in the coming years. Its gross development value (GDV) is expected to double to ₹570 billion in the next three years.
So, if you are planning to invest in real estate, Sunteck Realty can be a good option. The brokerage says the strong project lineup, growth in the ultra-luxury segment and debt-free balance sheet make it a strong contender for long-term investments.