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Shraddha Prime Projects Ltd (531771)

📊 BSE: 531771 🏢 Residential, Commercial Projects 📢 Latest filing: 13 Oct 2026 📝 Analysis written: 13 Nov 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Shraddha Prime's revenue was ₹108 Cr (+82.6% year on year, -42.1% on the previous quarter), and net profit ₹19.3 Cr (+114.5% year on year); the operating margin was 21.7%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹108	+82.6%	-42.1%
Operating profit	₹23.4	+112.4%	-2.7%
Net profit	₹19.3	+114.5%	-16.1%
EPS (₹)	4.78	+118.3%	-16.6%
Operating margin	21.7%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Shraddha Prime Launches 'Param Adarsh' in Mulund West with ~₹120 Cr GDV

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 13 Oct 2026, 11:34 AM

Shraddha Prime Projects has launched 'Param Adarsh', a 21-storey residential project located opposite Mulund West railway station in Mumbai. The project carries an estimated Gross Development Value (GDV) of approximately ₹120 crore. This GDV represents roughly 21.5% of the company's TTM revenue of ₹557 crore and about 19.4% of its market capitalization of ₹617 crore. The addition expands the company's active residential development pipeline in Mumbai.

Launched 'Param Adarsh' residential project in Mulund West, Mumbai
Estimated Gross Development Value (GDV) of ~₹120 crore
Development comprises a 21-storey building strategically located opposite Mulund West railway station
Project GDV equals approximately 21.5% of TTM revenue (₹557 crore)

💡 Track quarterly pre-sales booking numbers, collection velocity, and construction timelines for Param Adarsh in upcoming quarterly disclosures.

Shraddha Prime Launches 'Pandora' Project: ₹60 Cr Booked on Day 1; ₹220 Cr Total GDV

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 12 Oct 2026, 12:24 PM

Shraddha Prime Projects has launched 'Pandora by Shraddha', a 22-storey mixed-use development located in Nahur West, Mumbai. On the launch day, the company recorded bookings worth approximately ₹60 crore across 110 units, out of a total inventory of 471 units. The project carries an estimated Gross Development Value (GDV) of around ₹220 crore, which represents approximately 39% of the company's TTM revenue of ₹557 crore. The project comprises compact 1 RK and studio apartments alongside commercial spaces.

Recorded ₹60 crore booking value on launch day across 110 units
Total project inventory is 471 units in a 22-storey mixed-use development
Estimated project revenue potential (GDV) is approximately ~₹220 crore
Launch day bookings represent ~27% of the total project revenue potential

💡 Track subsequent quarterly sales momentum, cash collections from booked units, and the construction execution progress in Nahur West.

Shraddha Prime Projects Announces ₹96.96 Cr Rights Issue at ₹160 per Share

🟡 NEUTRAL ⭐ 7/10

FUNDRAISE 📅 07 Oct 2026, 05:41 PM

Shraddha Prime Projects has announced the terms of a proposed Rights Issue of ₹96.96 crore, representing ~15.7% of its current market cap of ₹617 crore. The issue comprises 60,60,150 equity shares priced at ₹160 each (₹144 payable on application, ₹16 on subsequent call) at an entitlement ratio of 3 rights shares for every 20 shares held. The record date has been fixed for October 15, 2026. The proceeds are intended primarily to fund working capital needs and execute ongoing Mumbai redevelopment and housing projects.

Total Rights Issue size of approximately ₹96.96 crore (~15.7% of market capitalization)
Issue price set at ₹160 per share (₹10 face value plus ₹150 premium), close to current market price of ₹156.5
Entitlement ratio fixed at 3 Rights Shares for every 20 Equity Shares held
Record date determined as October 15, 2026
Payment structure: ₹144 per share on application, ₹16 per share on subsequent call

💡 Track the ex-rights date ahead of October 15, 2026, and watch for the dispatch of the Letter of Offer including rights trading window dates.

Shraddha Prime Projects Sets Oct 15 Record Date for ₹96.96 Cr Rights Issue at ₹160/Share

🟡 NEUTRAL ⭐ 7/10

FUNDRAISE 📅 01 Oct 2026, 07:46 PM

Shraddha Prime Projects has fixed October 15, 2026, as the record date for its upcoming Rights Issue. The company plans to issue 60,60,150 equity shares of face value ₹10 at an issue price of ₹160 per share (including ₹150 premium), amounting to a total raise of approximately ₹96.96 crore. Investors are required to pay ₹144 per share on application, with the remaining balance of ₹16 per share due on subsequent calls. GYR Capital Advisors has been appointed as the lead manager, replacing Almondz Financial Services.

Rights issue of up to 60,60,150 equity shares at an issue price of ₹160 per share
Record date set for Thursday, October 15, 2026
Payment structured as ₹144 per share on application and ₹16 per share on subsequent calls
Merchant banker changed to GYR Capital Advisors Private Limited from Almondz Financial Services

💡 Track the crediting of Rights Entitlements (REs) into demat accounts ahead of the issue opening date and observe trading liquidity in REs.

Shraddha Prime Projects Sets Oct 15 Record Date for ₹96.96 Cr Rights Issue at ₹160/Share

🟡 NEUTRAL ⭐ 7/10

FUNDRAISE 📅 01 Oct 2026, 07:41 PM

Rights issue of up to 60,60,150 equity shares at an issue price of ₹160 per share
Record date set for Thursday, October 15, 2026
Payment structured as ₹144 per share on application and ₹16 per share on subsequent calls
Merchant banker changed to GYR Capital Advisors Private Limited from Almondz Financial Services

💡 Track the crediting of Rights Entitlements (REs) into demat accounts ahead of the issue opening date and observe trading liquidity in REs.

Shraddha Prime Projects: Board Meeting on Oct 1, 2026 to Finalize Rights Issue Terms

🟡 NEUTRAL ⭐ 4/10

BOARD_MEETING 📅 28 Sep 2026, 06:14 PM

Shraddha Prime Projects Ltd has scheduled a Board of Directors meeting on October 01, 2026, to determine the final terms of its proposed Rights Issue. The board will consider and approve the issue price, rights entitlement ratio, and record date. This follows the initial board approval for the rights issue granted earlier on March 28, 2026. The capital raised will be relevant against the company's current debt of Rs 231 Cr and net worth of Rs 132 Cr.

Board meeting scheduled for October 01, 2026
Meeting to approve the Rights Issue price and rights entitlement ratio
Record date for participating eligible shareholders to be determined
Follows initial Rights Issue approval dated March 28, 2026

💡 Track the outcome of the October 01, 2026 board meeting for the announced issue price, dilution ratio, total fundraise size, and the record date.

Shraddha Prime Projects Concludes 34th AGM; Seeks Approval for Rs 5,000 Cr Borrowing Charge

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 28 Sep 2026, 12:37 PM

Shraddha Prime Projects conducted its 34th Annual General Meeting on September 28, 2026. Shareholders considered 9 key agenda items, including the adoption of FY26 financials and material related-party transactions with entities like Shraddha Life Spaces and Shraddha Landmark. A significant special resolution was tabled to grant powers to create charges on company assets to secure borrowings up to Rs 5,000 crore under Section 180(1)(a). The proposed Rs 5,000 crore limit is massive compared to the company's existing debt of Rs 231 crore and net worth of Rs 132 crore.

Conducted 34th Annual General Meeting on September 28, 2026
Special resolution presented to authorize creating charges for borrowings up to Rs 5,000 Crores
Material related party transactions placed for approval with 4 entities including Shraddha Life Spaces and Shraddha Landmark
Voting results under Regulation 44(3) to be submitted separately following scrutinizer verification

💡 Track the upcoming voting results disclosure to confirm whether the borrowing limit increase and related-party transactions were approved by shareholders.

Shraddha Prime Projects Receives BSE In-Principle Approval for Rights Issue of Partly Paid Shares

🟡 NEUTRAL ⭐ 5/10

FUNDRAISE 📅 23 Sep 2026, 06:00 PM

Shraddha Prime Projects Ltd has secured in-principle approval from BSE Limited on September 22, 2026, for its proposed Rights Issue of partly paid-up equity shares. The approval was received under letter reference LOD/RIGHT/AM/FIP/812/2026-27. The company holds a current market cap of Rs 617 Cr and debt of Rs 231 Cr (D/E of 1.75), making capital raising relevant for its balance sheet. Specific issue details, such as issue size, rights entitlement ratio, and price, were not disclosed in this filing.

Received BSE in-principle approval on September 22, 2026
Approval granted under letter reference LOD/RIGHT/AM/FIP/812/2026-27
Proposed fundraise consists of partly paid-up equity shares via rights issue
Total issue size, issue price, and entitlement ratio remain not disclosed in the filing

💡 Track subsequent filings for the announcement of the rights issue record date, pricing, ratio, and final issue size.

Shraddha Prime Projects Receives BSE In-Principle Approval for Rights Issue of Partly Paid Shares

🟡 NEUTRAL ⭐ 5/10

FUNDRAISE 📅 23 Sep 2026, 05:32 PM

Received BSE in-principle approval on September 22, 2026
Approval granted under letter reference LOD/RIGHT/AM/FIP/812/2026-27
Proposed fundraise consists of partly paid-up equity shares via rights issue
Total issue size, issue price, and entitlement ratio remain not disclosed in the filing

💡 Track subsequent filings for the announcement of the rights issue record date, pricing, ratio, and final issue size.

Shraddha Prime to Acquire Two Real Estate Entities for ₹10.37 Cr, Including Related Party

🔵 WATCH ⭐ 6/10

M&A 📅 19 Aug 2026, 06:15 PM

Shraddha Prime Projects has approved the acquisition of 100% equity in Shraddha Life Spaces Private Limited for up to ₹10.37 crore and a 91% stake in Atharva Ventures Private Limited for ₹91,000. Both target entities operate in real estate and slum rehabilitation but reported ₹0 turnover across FY23, FY24, and FY25. The Shraddha Life Spaces acquisition is a Related Party Transaction as the promoter holds interest and directorship, executed at ₹11.02 per share based on a valuation report.

Approved 100% acquisition of Shraddha Life Spaces Pvt Ltd for a total cash consideration of ₹10.3698 crore (₹11.02 per share).
Approved 91% acquisition of Atharva Ventures Pvt Ltd for ₹91,000 (₹10 per share).
Both acquired entities reported zero revenue (₹0 turnover) across FY23, FY24, and FY25.
Shraddha Life Spaces acquisition is a Related Party Transaction with company promoters.
Target completion date for both acquisitions is on or before August 20, 2026.

💡 Track the underlying land assets/project rights brought into the listed entity through Shraddha Life Spaces to assess whether the ₹10.37 crore payout delivers clear development visibility.

Shraddha Prime Projects Commences Trading on NSE Under Permitted Category w.e.f. August 17, 2026

🟢 POSITIVE ⭐ 3/10

OTHER 📅 17 Aug 2026, 04:35 PM

Shraddha Prime Projects Limited has announced that its equity shares have commenced trading on the National Stock Exchange of India (NSE) under the 'Permitted to Trade' category effective August 17, 2026. The equity shares trade under the designated NSE symbol 'SHRADDHA' with a market lot size of 1. The company, which is already listed on BSE (Scrip Code: 531771) with a market capitalization of Rs 618 Cr and TTM revenue of Rs 557 Cr, gains dual-exchange trading access. This milestone is intended to broaden investor participation and enhance share liquidity.

Commenced trading on NSE Capital Market Segment effective August 17, 2026
Designated NSE trading symbol assigned as 'SHRADDHA'
Market trading lot size fixed at 1 unit
Approved pursuant to NSE notification dated August 14, 2026 under 'Permitted to Trade' category

💡 Monitor trading liquidity and volume trends across both BSE and NSE, alongside core execution in redevelopment and residential project pipelines.

107% PAT Growth in Q1 FY27; CC Received for 2.25 Lakh Sq. Ft. Projects

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 13 Aug 2026, 06:39 PM

Shraddha Prime Projects reported a robust Q1 FY27 with operational revenue more than doubling to ₹133.6 crore from ₹58.7 crore in Q1 FY26. Net profit grew 107% YoY to ₹19.3 crore, maintaining a healthy PAT margin of 14.43%. Operationally, the company secured Commencement Certificates (CC) for two major redevelopment projects in Mulund, totaling approximately 2.25 lakh sq. ft. of RERA carpet area. The company is also pivoting towards premium developments with the upcoming 'Avyukta Imperial' project in Matunga East.

Revenue from operations surged 127.57% YoY to ₹133.6 crore in Q1 FY27.
Profit After Tax (PAT) increased 107.32% YoY to ₹19.3 crore.
Received Commencement Certificate for Shraddha Paradise Enclave (Mulund West) covering 1.5 lakh sq. ft. of residential and commercial area.
Received Commencement Certificate for Shraddha Phoenix (Mulund East) covering 75,000 sq. ft. of residential area.
EBITDA margins remained stable at 18.30% compared to 18.22% in the previous year.

💡 Investors should monitor the sales velocity of the newly approved Mulund projects and the execution timeline for the premium Matunga development to ensure revenue momentum continues.

Shraddha Prime Q1 PAT up 107% to ₹19 Cr; GDV Pipeline Reaches ₹2,500 Cr

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 13 Aug 2026, 06:37 PM

Shraddha Prime Projects reported a robust Q1 FY27 with revenue growing 127.6% YoY to ₹133.6 Cr and PAT doubling to ₹19.3 Cr. The company has aggressively scaled its Gross Development Value (GDV) pipeline to ₹2,500 Cr, a significant jump from ₹400 Cr just two years ago. Operational momentum is supported by the receipt of commencement certificates for two major Mulund projects with a combined revenue potential of approximately ₹570-600 Cr. The firm is successfully executing a strategy to transition from affordable 1RK/1BHK units to premium 2-4BHK residences in Mumbai's redevelopment market.

Q1 FY27 Revenue from operations increased 127.57% YoY to ₹133.58 Cr
Net Profit (PAT) for the quarter rose 107.32% YoY to ₹19.28 Cr
Running project portfolio GDV expanded to ₹2,500 Cr, representing a 6.25x increase over two years
Received commencement certificates for Shraddha Phoenix and Paradise Enclave with combined potential revenue of ₹570-600 Cr
Added 6 new projects in FY26 with a combined GDV of ₹900 Cr

💡 Investors should monitor the execution and sales velocity of the newly approved Mulund projects and the upcoming premium launch in Matunga East (Avyukta Imperial) to validate the premiumization strategy.

34th AGM Scheduled for Sept 28, 2026; Book Closure Dates Announced

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 13 Aug 2026, 06:12 PM

Shraddha Prime Projects Ltd has announced its 34th Annual General Meeting (AGM) will be held on Monday, September 28, 2026. The company has fixed the book closure period from September 22, 2026, to September 28, 2026, for the purpose of the AGM. This is a standard regulatory filing and does not contain new financial data or corporate actions like dividends in this specific intimation. Investors should monitor for the upcoming Annual Report to understand the drivers behind the significant FY26 revenue growth to Rs 508 Cr.

34th Annual General Meeting scheduled for September 28, 2026
Book closure period set for 7 days from September 22 to September 28, 2026
Company reported a significant TTM revenue of Rs 508 Cr for FY26
Promoter holding remains stable at 74.78% as of June 2026

💡 Watch for the release of the full Annual Report and AGM notice for details on proposed resolutions and management's outlook for the residential and commercial project pipeline.

Shraddha Prime Projects Schedules 34th AGM for September 28, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 13 Aug 2026, 06:09 PM

Shraddha Prime Projects Ltd has scheduled its 34th Annual General Meeting (AGM) for September 28, 2026. The company has fixed a book closure period from September 22 to September 28, 2026, for the purpose of the meeting. This follows a year of significant growth, with FY26 revenue surging to ‡508 Cr from ‡156 Cr in FY25. Investors should note the company's high leverage, with a debt-to-equity ratio of 1.98 and total debt of ‡262 Cr.

34th Annual General Meeting to be held on September 28, 2026
Book closure period set for 7 days from September 22 to September 28, 2026
TTM revenue stands at ‡508 Cr, representing a 225% increase over FY25 revenue
Promoter holding remains stable at 74.78% as of June 2026
Debt-to-equity ratio is currently 1.98 with a net worth of ‡132 Cr

💡 Investors should review the upcoming Annual Report to understand the drivers behind the recent revenue surge and management's plan for managing the ‡262 Cr debt load.

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