Shriram Properties is India's leading residential real estate developer focused on affordable housing categories across Bangalore, Chennai, Vizag, Kolkata & Coimbatore. Incorporated in 1995, the company has established itself as a prominent player in the South Indian real estate market, primarily focusing on the mid-market and mid-market premium housing categories.
The company commenced operations in Bengaluru in 2000 and has since expanded its presence to other cities in South India, including Chennai, Coimbatore, and Visakhapatnam. Additionally, it has a presence in Kolkata in East India, where it is developing a large mixed-use project.
Shriram Properties has a strong track record, having delivered 48 projects accounting for a saleable area of 27.6 million square feet as of March 31, 2025. The company also boasts a robust pipeline of 37 projects with 36.3 million square feet of area.
The company is engaged in the development of residential, commercial, and retail projects across multiple cities in India, including Bengaluru, Chennai, Hyderabad, Kochi, Coimbatore, Vijayawada, and Visakhapatnam. It offers a wide range of products and services, from apartments, villas, and plotted developments to integrated townships and lifestyle gated communities.
Popular brands within their portfolio include Shriram Grand City, Shriram Garden, Shriram Greenfield, Shriram Zenith, and Shriram Blue. They also offer affordable housing projects such as Shriram Joyville, Shriram New Haven, and Shriram Landmark.
The company has an impressive portfolio of projects across multiple cities. Its Bengaluru projects include Shriram Hebbal 1, Shriram Solitaire, Shriram Chirping Ridge, The Poem by Shriram Properties, Shriram Pristine Estates, Stagename Rhapsody at Eden, Shriram WYTField-2, and Shriram Chirping Grove. Its Chennai projects include Golden Acres at Shriram One City, Park 63, and Codename Mangalam.
Recent developments include significant project launches and strategic land acquisitions. In July 2024, Shriram Properties launched a ₹350 crore residential project with 340 units in Bengaluru, demonstrating its continued expansion in key markets.
The company's financial performance shows mixed results in recent quarters. Shriram Properties Ltd currently has a market capitalization of ₹1,658 Crore (with a 1-year decline of 10.6%) with revenue of ₹823 Crore and profit of ₹77.3 Crore. Note: another source indicates a market capitalization of Rs 1,280 crore, highlighting potential variations in real-time data.
For the full year ended March 2025:
* Net profit rose 2.29% to Rs 77.20 crore as against Rs 75.47 crore during the previous year ended March 2024.
* Sales declined 4.75% to Rs 823.44 crore as against Rs 864.53 crore during the previous year ended March 2024.
For the quarter ended March 2025:
* Net profit rose 136.30% to Rs 47.78 crore as against Rs 20.22 crore during the previous quarter ended March 2024.
* Sales rose 34.90% to Rs 407.73 crore as against Rs 302.24 crore during the previous quarter ended March 2024.
However, the company faced challenges in the December 2024 quarter:
* The company's consolidated net profit declined 29.8% to Rs 12.97 crore in Q3 FY25 as compared with Rs 18.48 crore in Q3 FY24.
* Net sales fell 45.2% YoY to Rs 121.19 crore in Q4 FY25.
* Market Capitalization: ₹1,658 Crore (as of latest data, varies)
* Revenue FY2024-25: ₹823.44 Crore
* Net Profit FY2024-25: ₹77.20 Crore
* Q4 FY2024-25 Net Profit: ₹47.78 Crore
* Q4 FY2024-25 Sales: ₹407.73 Crore
* 52-week High Share Price: Rs 147.50
* 52-week Low Share Price: Rs 63.13
* Promoter Holding: 27.94% (as of Mar 2025)
M. Murali serves as the Chairman and Managing Director, instrumental in building this business from scratch for the Shriram Group. An alumnus of IIM-Bangalore and the Harvard Business School (HBS), Massachusetts, he brings over 36 years of experience.
The company's vision is to be ever respected as the most trusted, honest, and progressive corporate in the real estate industry. Their mission is to build quality properties across India with high standards, conforming to relevant building codes and regulations, with a focus on achieving utmost customer satisfaction.
Shriram Properties has been actively expanding its land bank and project pipeline. In December 2024, the company sold a 3.9-acre plot in Chennai to a healthcare and education group for Rs. 93 crore and signed an agreement for the sale or divestment of securities held in its subsidiary, SPL Shelters, to a group of individual buyers.
Shriram Properties (SPL) is one of South India's leading residential real estate developers, focused on the mid-market and mid-premium segments. It has a strong development pipeline comprising 37 projects with an aggregate development potential of 37.1 msf, including 20 msf of ongoing projects, as of March 31, 2025.
The company continues to focus on its core markets while exploring strategic opportunities for growth. With a strong brand presence and established track record in South India's real estate sector, Shriram Properties remains well-positioned to capitalize on the growing demand for quality residential developments in its key markets.
