Valor Estate Limited was formerly incorporated on January 8, 2007 in the name of `DB Realty Private Limited`. Subsequently, the Company was converted to a Public Limited Company and the name of the Company was changed to `DB Realty Limited` on September 5, 2009. Later, the Company name was again changed from "D B Realty Limited" to "Valor Estate Limited" effective from March 8, 2024.
The Company is a Real Estate Development Company and it operate primarily in the Mumbai Metropolitan Region (MMR). Currently, there are approximately four ongoing joint venture residential projects and four owned residential projects with a cumulative saleable area of 15 million square feet. Presently, the Company is engaged primarily in the business of real estate construction, development and other related activities and hospitality business.
Valor Estate has a market cap of ₹12,304 crore (up 17.8% in 1 year) with revenue of ₹1,133 crore as of March 2025. The company has shown significant revenue growth but has faced profitability challenges in recent periods.
- Sales rose 216.97% to Rs 1133.08 crore in the year ended March 2025 as against Rs 357.47 crore during the previous year ended March 2024
- Net loss reported to Rs 125.59 crore in the year ended March 2025 as against net profit of Rs 1319.38 crore during the previous year ended March 2024
- Sales rose 347.29% to Rs 645.08 crore in the quarter ended March 2025 as against Rs 144.22 crore during the previous quarter ended March 2024
- Revenue: Rs 329.50 crore compared to Rs 142.80 crore during Q3FY24
- EBITDA: Rs 27.33 crore compared to Rs 481.67 crore during Q3FY24
- EPS: Rs 0.08 for Q3FY25
The company has a portfolio of ~100 mn sq. ft. of real estate and focuses on residential and commercial developments. Most of the projects are based in and around Mumbai and are under various stages of planning and construction.
In 2024, the "Aaradhya High Park" Phase I of the project & "Aaradhya Parkwood" with 2 towers- Clove and Dion got launched with significant mark. The company has been expanding its business through strategic partnerships and acquisitions.
The company has undertaken several strategic pivots, including the raising of equity capital, debt reduction, and establishing long-term partnerships with prominent real estate brands enabling synergies of strengths and their ability to move towards an asset light model for property development. Their ongoing efforts are directed towards maintaining a robust balance sheet, expanding their land bank and focused approach to property development opportunities in MMR, and strengthening their collaborations with strong real estate developers.
In terms of hospitality vision, they have recently acquired stakes in two operating hotels comprising 484 keys and planned expansion to approximately 3,000 keys over the next 4-5 years.
The company also intends to soon launch the Liberty Tower (2.80 million sq feet) and BKC 101 (2.70 million sq feet) in this quarter in collaboration with Prestige Estates Projects Ltd.
The 1 year returns on the stock has been 12.71%. In the last month alone, the return has been 30.98%. The 52 Week High and Low of Valor Estate Ltd for NSE is ₹ 228.95 and ₹ 115.11 and for BSE is ₹ 229.05 and ₹ 115.25.
Promoter holding in Valor Estate Ltd has gone down to 47.37 per cent as of Mar 2025 from 47.38 per cent as of Jun 2024. Promoters have pledged 33.5% of their holding.
Valor Estate (formerly known as D B Realty) has received the no objection letters dated 06 December 2024 from the BSE and NSE for the proposed composite scheme of amalgamation and arrangement between the company and Esteem Properties and Advent Hotels International and their respectively shareholders and creditors.
The company has low interest coverage ratio and a low return on equity of 4.65% over last 3 years. Debtor days have increased from 67.2 to 81.2 days.
The company has been actively pursuing strategic partnerships and expanding its presence in the Mumbai real estate market. With its focus on both residential and commercial developments, Valor Estate continues to be a significant player in the Mumbai Metropolitan Region's real estate sector, despite facing some operational challenges in recent quarters.
