Oberoi Realty Ltd.
NSE: OBEROIRLTYOberoi Realty Ltd.: A 30-second snapshot
Oberoi Realty (OBEROIRLTY) is a premium Mumbai-focused residential and commercial developer trading at ₹1,649.4, with a trailing PE of 23.91 — the lowest among its six listed realty peers — and a profit margin of 41.73%, the highest quality-score rank (1st of 6) in its sector cohort. The stock is 17.74% below its 52-week high with a 1-year price return of -5.28%, while the forward PE of 15.58 embeds an expectation of substantial near-term earnings growth driven by project completions.
P/E
23.9
Forward P/E
15.6
ROE
+14.9%
Debt / Equity
15.77
Profit Margin
+41.7%
Div. Yield
+0.5%
5Y ROE > 15%
1/5
5Y FCF > 0
3/5
Quality
64/100
News
7 headlines · 4 positive · 1 negative
Oberoi Realty Limited (NSE:OBEROIRLTY) Just Missed Earnings: Here's What Analysts Think Will Happen Next - simplywall.st
simplywall.st
Accumulate Oberoi Realty; target of Rs 1820: Prabhudas Lilladher - TradingView
TradingView
Oberoi Realty Ltd stock (INE040H01021): Profit surge in Q4 FY26 lifts shares amid valuation debate - AD HOC NEWS
AD HOC NEWS
Oberoi Realty Limited Approves Fund Raising of Up to INR 40,000 Million by Issuance of Non-Convertible Debentures Through Private Placement - marketscreener.com
marketscreener.com
Oberoi Realty reports Rs 6,304 crore revenue for FY26, marking significant growth - Business Upturn
Business Upturn
Recent context
- ·Board approved NCD issuance of up to ₹4,000 crore via private placement (May 8, marketscreener.com), signalling active capital-raise activity for pipeline funding amid an ongoing debt-management cycle.
- ·Q4 FY26 results triggered divergent analyst reactions: AD HOC NEWS (May 9) described a profit surge lifting shares, while simplywall.st (May 13) framed the quarter as an earnings miss; Prabhudas Lilladher cited a target of ₹1,820 in a note carried by TradingView (May 12).
- ·News sentiment across 7 articles is net positive (4 positive, 2 neutral, 1 negative), but the lone negative item is the earnings-miss characterisation — the headline most directly relevant to near-term earnings trajectory.
Strengths
- +Quality-score rank of 1st out of 6 realty peers (score 65 vs sector range of 25–55), supported by a 41.73% profit margin that is structurally above peer levels in a capital-intensive sector.
- +Revenue and earnings growth over 5 years of 52.1% and 62.4% respectively reflect the scale-up of a premium project pipeline, with FY26 revenue reported at ₹6,304 crore.
- +Trailing PE of 23.91 is the lowest in the peer set (DLF 32.51, GODREJPROP 27.95, LODHA 26.08, PHOENIXLTD 49.84, PRESTIGE 48.87), representing a 26% discount to the next-cheapest peer on this metric.
- +Debt trend is classified as falling and FCF has been positive in 3 of the tracked years, indicating improving cash generation even as the company deploys capital into new launches; board approved NCD issuance of up to ₹4,000 crore in May 2026 for structured project financing.
Weaknesses
- −Debt-to-equity of 15.77 is high in absolute terms; ROE has exceeded 15% in only 1 year of the multi-year window, with a persistence consistency score of 54/100, indicating returns have not compounded consistently above the cost of equity.
- −1-year price return of -5.28% lags the sector context and the stock sits 17.74% below its 52-week high, with ₹1,715 and ₹1,754 as near-term resistance levels above the current price.
- −The Q4 FY26 reporting period generated contradictory characterisations — a profit surge narrative alongside an earnings-miss narrative — leaving the quality of the earnings beat-or-miss unresolved for investors relying on public sources.
- −Forward PE of 15.58 versus trailing PE of 23.91 embeds a ~53% earnings step-up expectation; failure to deliver project completions on schedule would leave the forward multiple unsupported by reported earnings.
Open questions
- ?Does the 53% gap between trailing PE (23.91) and forward PE (15.58) reflect achievable project delivery timelines, or does it depend on launches that have not yet received regulatory approvals?
- ?How has Oberoi Realty managed its debt-to-equity cycle across past real-estate downturns, and at what leverage level did FCF turn negative?
- ?The Q4 FY26 period generated both a profit-surge narrative and an earnings-miss narrative simultaneously — which benchmark (analyst consensus vs prior-year PAT) is driving each characterisation, and which is more relevant to the FY27 earnings base?
- ?Given that OBEROIRLTY has the lowest PE in its peer set but a negative 1-year return, what sector-level or macro headwind has prevented the relative valuation discount from translating into relative price performance?
Peer comparison: Realty
Ranks 1 of 6 on quality| Symbol | Name | P/E | ROE | Quality |
|---|---|---|---|---|
| OBEROIRLTY | Oberoi Realty Ltd.You're viewing | 23.9 | +14.9% | 65 |
| Industry avg | across 5 peers | 37.1 | +11.0% | 40 |
| PHOENIXLTD | Phoenix Mills Ltd. | 49.8 | +11.1% | 55 |
| LODHA | Lodha Developers Ltd. | 26.1 | +15.7% | 49 |
| GODREJPROP | Godrej Properties Ltd. | 27.9 | +10.0% | 44 |
| DLF | DLF Ltd. | 32.5 | +10.0% | 29 |
| PRESTIGE | Prestige Estates Projects Ltd. | 48.9 | +8.0% | 25 |
Technical state
Current price
₹1,649.40
SMA 50
₹1,616.44
SMA 200
₹1,621.16
RSI (14)
49.0 (neutral)
From 52w high
-17.7%
1Y return
-5.3%
3M return
+9.1%
50-DMA
Above
200-DMA
Above
Algorithmic support levels
Algorithmic resistance levels
Risk flags
- mediumDebt-to-equity of 15.77 is elevated even by real-estate sector norms, where project-finance leverage is common. FCF has been positive in only 3 of the tracked years and ROE has exceeded 15% in just 1 year of the available window, with a consistency score of 54/100 — suggesting returns have been cyclically volatile rather than structurally compounding.
- mediumPrice is -17.74% below the 52-week high and the 1-year return is -5.28%, meaning the stock has lost value over the trailing year even as it sits modestly above both the 50-DMA (₹1,616.44) and 200-DMA (₹1,621.16). The proximity to moving averages (current price ₹1,649.4 vs 200-DMA ₹1,621.16) offers limited buffer.
- mediumA May 2026 headline (simplywall.st, May 13) reports an earnings miss for the most recent quarter. This contrasts with a separate report of profit surge in Q4 FY26 (AD HOC NEWS, May 9) — the divergent characterisations of the same reporting period have not been resolved in available data.
- lowForward PE of 15.58 versus trailing PE of 23.91 implies the market is pricing in a substantial near-term earnings step-up (~53% uplift). If project launches or deliveries slip, the gap between trailing and forward multiples may not close as anticipated.
Cross-section contradictions
- News flow from the same reporting period carries contradictory signals: AD HOC NEWS (May 9) describes a Q4 FY26 profit surge while simplywall.st (May 13) characterises the quarter as an earnings miss — likely reflecting different analyst-estimate benchmarks, but the divergence is unresolved in available data.
- Trailing PE of 23.91 is the lowest among all six realty peers in the sector data (DLF 32.51, GODREJPROP 27.95, LODHA 26.08, PRESTIGE 48.87, PHOENIXLTD 49.84), yet 1-year price return is -5.28% — the relative valuation discount has not translated into relative price outperformance over this period.
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.
Fundamentals & technicals: refreshed 25 Jun 2026 · refreshed daily at 01:00 IST
AI synthesis (narrative, snapshot, strengths/weaknesses, peer ranking): generated 1 Jun 2026 · rotates through NIFTY 500 every ~5 days