Peninsula Land Limited stands as one of India's prominent real estate development companies, strategically positioned to capitalize on the growing demand for quality residential and commercial spaces across key Indian cities. The company engages in the real estate development activities in India, developing residential and commercial projects; and retail projects. Peninsula Land Ltd., an Ashok Piramal Group Company, is listed on the BSE and NSE.
PLL serves as the real estate (RE) development arm of the Ashok Piramal Group. The company is engaged in real estate development for residential and commercial projects, with a focus on 4 key cities in India viz. Mumbai, Pune, Nashik, and Bengaluru. The core business activities are carried out under various business models like own development, through subsidiaries, associates, joint ventures, and other arrangements with third parties.
The company operates through a diversified portfolio that includes residential townships, commercial complexes, retail spaces, and office developments. Today, Peninsula Land is an integrated real estate company. Its projects include pioneering retail ventures, world-class commercial projects, and residential complexes. The company has delivered more than 10.6 million sq. ft. of real estate with around 1 million under development in Mumbai, Bengaluru, Pune, Goa, Nashik, and Lonavala.
Peninsula Land has a market capitalization of ₹1,374 Crore (down -48.0% in 1 year) with revenue of ₹258 Crore and a profit of -₹36.4 Crore. The company has faced some challenges in recent years, having delivered a poor sales growth of -11.8% over the past five years. However, it maintains a strong promoter holding structure with Promoter Holding at 66.9%.
Recent financial metrics show some mixed performance indicators. The company has a low interest coverage ratio. The stock price of Peninsula Land Ltd. is up by 48% over the last one month. It is down by -38.65% over the last one year. The company's stock has shown volatility, with Peninsula Land Ltd. hitting a 52-week high of ₹72.44 on 09-07-2024 and a 52-week low of ₹20.87 on 04-03-2025.
• Market Capitalization: ₹1,374 Crore (down -48.0% in 1 year)
• Revenue: ₹258 Crore
• Profit: -₹36.4 Crore
• Sales Growth (5 years): -11.8%
• Promoter Holding: 66.9%
• 52-Week High: ₹72.44 (09-07-2024)
• 52-Week Low: ₹20.87 (04-03-2025)
Peninsula Land has established itself through several landmark projects in Mumbai and other key cities. Some of the landmarks that Peninsula has given Mumbai include the Peninsula Corporate Park, Peninsula Technopark, Peninsula Business Park, Crossroads, CR2, Ashok Towers, and Ashok Gardens. The company has pioneered innovative concepts in real estate development, including introducing new concepts such as "Shoppertainment" at Crossroads and recreational facilities at office complexes in the form of Club Peninsula.
Current projects include several premium developments across different cities. Presenting Peninsula current projects – the Celestia Mumbai, Ashok Nirvaan Lonavala, Ashok Meadows Pune, Ashok Astoria Nashik, Ashok Beleza Goa. The company continues to expand its footprint with around 3.3 million square feet under construction in cities like Mumbai, Bengaluru, Pune, Goa, Nashik, and Lonavala.
As of March 31, 2024, the company operates with approximately 23 subsidiaries (including direct and step-down subsidiaries), approximately 5 joint ventures, and approximately 1 associate company. The company was incorporated in 1871 and is headquartered in Mumbai, India. The leadership team includes experienced professionals who have guided the company through various market cycles and expansion phases.
The company generates revenue through multiple channels including property sales, rental income, and development services. The group also earns income from renting of properties. A significant component of the business includes Lease Rental Discounting (LRD) Segment: PLL has leased a property in Parel, Mumbai to two government tenants since 1970. The company utilizes Lease Rental Discounting (LRD) to optimize financial returns from the leased property.
The company has been active in expanding its project pipeline with recent acquisitions and new launches. Peninsula Land acquired 11 acres in Alibaug, committing ₹216 Crore to plotted development projects under a Joint Venture. The company continues to focus on premium residential and commercial developments in key metropolitan markets.
Peninsula has a vision of becoming the most trusted real estate developer in India with leadership in market share, research, and profits. The company's strategy involves leveraging its strong brand presence in Mumbai while expanding to other high-growth markets across India.
Peninsula Land Limited represents a significant player in India's real estate sector, with an established market presence, diversified portfolio, and strategic focus on premium developments across key Indian cities. While facing some recent financial challenges, the company's strong project pipeline and market position provide a foundation for future growth in India's evolving real estate landscape.
