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SHRIRAMPPS - Shriram Properti

📊 NSE: SHRIRAMPPS 🏢 Construction 📅 Last Updated: 12/14/2025 13:19

📢 Recent Corporate Announcements

Shriram Properties National Head & SVP CXM Shekar H.K Resigns

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 07 Mar 2026, 05:02 PM

Shriram Properties Limited has announced the resignation of Mr. Shekar H.K, who held the position of National Head and Senior Vice President of Customer Experience Management (CXM). The resignation is effective from the close of business hours on March 07, 2026. The official reason provided for his departure is to pursue growth opportunities outside the organization. This transition involves a Senior Management Personnel (SMP) as defined under SEBI regulations.

Mr. Shekar H.K has resigned as National Head and Senior Vice President CXM.
The resignation becomes effective from the close of business hours on March 07, 2026.
The departure is categorized as a resignation to pursue external growth opportunities.
The company confirmed the change via a regulatory filing under Regulation 30 of SEBI LODR.

💡 Investors should monitor the company's upcoming announcements regarding a successor to ensure continuity in customer experience management. No immediate portfolio action is required as this is a standard management transition.

Shriram Properties to Meet Investors at Arihant Capital Conference on March 9, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 04 Mar 2026, 03:28 PM

Shriram Properties Limited has scheduled a virtual interaction with institutional investors and analysts on March 9, 2026. The session is hosted by Arihant Capital and will take place from 4:00 PM to 5:00 PM. The company has explicitly stated that the discussions will be based on publicly available information, ensuring no unpublished price sensitive information is shared. This is a standard corporate engagement activity to maintain transparency with the financial community.

Virtual meeting scheduled with analysts and institutional investors for March 9, 2026.
Interaction hosted by Arihant Capital Conference between 04:00 P.M. and 05:00 P.M.
Company confirms no Unpublished Price Sensitive Information (UPSI) will be shared during the call.
Compliance filing made under Regulation 30(6) of SEBI (LODR) Regulations, 2015.

💡 No immediate action is required as this is a routine investor relations event. Investors may look for any subsequent investor presentations or transcripts for qualitative insights into the company's strategy.

Shriram Properties to Host Virtual Group Investor Meeting on March 6, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 27 Feb 2026, 05:30 PM

Shriram Properties Limited has scheduled a virtual group meeting with analysts and institutional investors on March 6, 2026. The interaction is set to take place from 11:00 AM to 12:00 Noon. The company has explicitly stated that the discussions will be based on publicly available information and no unpublished price sensitive information will be shared. Such meetings are standard practice for maintaining transparency with the institutional investment community.

Virtual group meeting scheduled for March 6, 2026, at 11:00 AM.
Interaction intended for institutional investors and analysts.
Company confirms no Unpublished Price Sensitive Information (UPSI) will be shared.
Disclosure made in compliance with Regulation 30(6) of SEBI LODR Regulations.

💡 No immediate action is required as this is a routine investor interaction. Investors may look for subsequent filings regarding presentation materials or meeting transcripts for potential insights into management's outlook.

Shriram Properties to Conduct Virtual Group Investor Meeting on March 5, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 27 Feb 2026, 02:41 PM

Shriram Properties Limited has scheduled a virtual group meeting with analysts and institutional investors on March 5, 2026. The interaction is planned for a one-hour duration from 11:00 A.M. to 12:00 Noon IST. The company has explicitly stated that the discussions will be based on publicly available information and no unpublished price sensitive information (UPSI) will be shared. This is a standard regulatory disclosure under SEBI Listing Obligations and Disclosure Requirements.

Virtual group meeting scheduled for March 5, 2026, from 11:00 A.M. to 12:00 Noon.
Interaction will focus strictly on publicly available information to ensure SEBI compliance.
The announcement was formally communicated to the exchanges on February 27, 2026.
Meeting schedule is subject to change based on exigencies of the participants or the company.

💡 Investors should look for any post-meeting transcripts or presentations that may be uploaded to the exchange for qualitative insights. No immediate portfolio action is required based on this routine scheduling announcement.

Shriram Properties Resolves ₹259 Cr Kolkata Liability; Targets Up to ₹1,500 Cr FY26 Revenue

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 20 Feb 2026, 12:13 PM

Shriram Properties has successfully settled a long-standing ₹259 crore liability regarding its Kolkata land parcel through land conveyance instead of cash, unlocking a 314-acre site for future development. For 9M FY26, the company achieved sales of ₹1,691 crores, a 5% YoY increase in value, despite administrative delays in Bangalore. Management has issued strong guidance for the full year FY26, targeting revenues of ₹1,300-1,500 crores and earnings of ₹90-100 crores. The company maintains a robust financial position with a debt-equity ratio of 0.3:1 and a healthy project pipeline.

Settled ₹259 crore Kolkata royalty liability via conveyance of 42.37 acres with zero cash outflow.
9M FY26 sales value reached ₹1,691 crores, up 5% YoY, on volumes of 2.86 million sq. ft.
Full-year FY26 guidance projects revenue of ₹1,300-1,500 crores and PAT of ₹90-100 crores.
Operating cash flow (CFO) grew 23% YoY to ₹193 crores during the nine-month period.
Kolkata land parcel expected to unlock over ₹1,500 crores in cash flows over the next five years.

💡 The resolution of the Kolkata land dispute removes a major legal and financial overhang, significantly improving the company's valuation outlook. Investors should stay positive as the company enters a high-growth phase in Q4, supported by a strong launch pipeline and stabilized registration processes in Bangalore.

Shriram Properties Deputy CFO Rajesh Yashwant Shirwatkar Resigns

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 16 Feb 2026, 06:08 PM

Shriram Properties Limited has announced the resignation of Mr. Rajesh Yashwant Shirwatkar from the position of Deputy Chief Financial Officer, effective February 16, 2026. Mr. Shirwatkar is leaving to pursue external growth opportunities after serving as a member of the Senior Management Personnel. The company stated that the current Chief Financial Officer, Mr. Ravindra Kumar Pandey, will now oversee the entire Finance and Accounts function. The resignation was submitted on December 31, 2025, indicating an orderly transition period.

Mr. Rajesh Yashwant Shirwatkar resigned as Deputy CFO effective February 16, 2026
Chief Financial Officer Mr. Ravindra Kumar Pandey to take over full oversight of Finance and Accounts
Resignation letter was dated December 31, 2025, providing a 45-day transition window
Departure is classified as a routine exit for external growth opportunities

💡 Investors should view this as a routine management change with no immediate impact on operations, as the primary CFO remains in place to lead the finance department.

Shriram Properties Acquires Bengaluru Land with ₹550-600 Cr GDV Potential

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 16 Feb 2026, 11:57 AM

Shriram Properties has completed the outright purchase of a 4-acre land parcel on Sarjapur Main Road, Bengaluru. The company plans to develop a premium high-rise residential project with a total saleable area of approximately 5 lakh sq. ft. The project has an estimated Gross Development Value (GDV) of ₹550-600 crores and is slated for launch in late 2026. This move strengthens SPL's presence in a high-growth IT corridor and adds to its robust development pipeline of 36 million sq. ft.

Acquired ~4 acres of prime land on Sarjapur Main Road, Bengaluru, through an outright purchase.
Proposed development of ~5 lakh sq. ft. saleable area for a premium high-rise residential project.
Estimated Gross Development Value (GDV) of the project is between ₹550 crore and ₹600 crore.
Project launch is scheduled for the latter part of 2026, targeting the mid-market and mid-premium segments.
Strengthens SPL's total development pipeline, which stood at 36 msf potential as of December 31, 2025.

💡 This acquisition provides clear revenue visibility for the medium term; investors should monitor the company's ability to maintain its launch momentum and pre-sales velocity in late 2026.

Shriram Properties Releases Q3 & 9M FY26 Earnings Call Audio Recording

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 15 Feb 2026, 11:36 AM

Shriram Properties has uploaded the audio recording of its Analyst/Institutional Investor meeting held on February 14, 2026. The call focused on the company's financial performance for the third quarter and nine months ended December 31, 2025. This is a standard regulatory disclosure under SEBI Listing Obligations. Investors can access the recording via the company's website to hear management's detailed commentary on operational performance.

Audio recording of the Q3 and 9M FY26 earnings call is now publicly available.
The investor conference call was conducted on February 14, 2026.
The discussion covered financial results for the period ending December 31, 2025.
A written transcript of the call will be filed with the exchanges separately in due course.

💡 Investors interested in the management's outlook on the real estate sector and project execution should listen to the recording or wait for the upcoming transcript. No immediate trading action is required based on this procedural update.

Shriram Properties Q3 FY26: Kolkata Land Issue Resolved; 9M Revenue Up 27% to ₹694 Cr

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 14 Feb 2026, 02:57 PM

Shriram Properties reported a 27% YoY increase in 9M FY26 revenue to ₹694 crore, despite a temporary Q3 net loss of ₹7 crore due to deferred revenue recognition in Bangalore. A major highlight is the resolution of the Kolkata land dispute, settling a ₹259 crore liability with no cash outflow and unlocking potential cash flows of over ₹1,500 crore over five years. Operational momentum remains strong with 9M collections up 20% YoY to ₹1,150 crore and a healthy net debt-to-equity ratio of 0.3x. The company anticipates a record Q4 with a revenue recognition potential exceeding ₹800 crore as administrative hurdles in Bangalore stabilize.

Resolved ₹259 crore Kolkata royalty liability with zero cash outflow, unlocking ₹1,500 crore+ future cashflow potential.
9M FY26 Revenue and EBITDA both grew by 27% YoY to ₹694 crore and ₹83 crore respectively.
9M FY26 collections increased 20% YoY to ₹1,150 crore, supported by 2,117 unit handovers.
Added 2.8 msf of new projects in 9M FY26 with an estimated Gross Development Value (GDV) of ₹2,900 crore.
Q4 FY26 revenue recognition visibility is high at ₹800 crore+ following the resolution of Bangalore OC and e-Khata issues.

💡 Investors should focus on the significant value unlock from the Kolkata land settlement and the strong 9M operational growth rather than the temporary Q3 accounting loss. Monitor the company's ability to execute its heavy Q4 launch pipeline and meet the ₹800 crore revenue recognition target.

Shriram Properties Approves Q3 and Nine-Month FY26 Financial Results

🟡 NEUTRAL ⭐ 7/10

EARNINGS 📅 14 Feb 2026, 02:38 PM

Shriram Properties Limited's Board of Directors met on February 14, 2026, to approve the unaudited standalone and consolidated financial results for the third quarter and nine months ended December 31, 2025. The meeting, which lasted approximately 85 minutes, concluded with the adoption of the results and the Limited Review Report from statutory auditors. While the cover letter does not detail specific revenue or profit figures, it confirms the formal release of the company's performance data for the period. Investors should now examine the full financial statements to evaluate the company's trajectory in the residential real estate market.

Board approved unaudited financial results for the quarter and nine months ended December 31, 2025
The Board meeting commenced at 12:00 Noon and concluded at 01:25 P.M. on February 14, 2026
Approval covers both Standalone and Consolidated financial statements for the reporting period
Statutory Auditors have submitted a Limited Review Report as per SEBI regulations

💡 Investors should analyze the detailed financial tables for growth in pre-sales and collections. Monitor the company's debt-to-equity ratio and project execution timelines in its core Bengaluru and Chennai markets.

Shriram Properties Resolves Kolkata Land Dispute; Unlocks Rs 3,000 Cr GDV Potential

🟢 POSITIVE ⭐ 8/10

LEGAL 📅 12 Feb 2026, 06:45 PM

Shriram Properties has amicably resolved a long-standing commercial dispute with the West Bengal Government by conveying 42.37 acres of land at Uttarpara. This resolution discharges the company of all obligations and clears the path to develop its remaining 314-acre land parcel in Kolkata. The company plans to launch new projects totaling 5-6 million sq. ft. with an estimated Gross Development Value (GDV) of Rs. 3,000 crores over the next five years. Furthermore, the company intends to monetize surplus land and FSI to unlock significant incremental value for shareholders.

Amicably resolved long-pending dispute with West Bengal Government by conveying 42.37 acres of land.
Unlocks potential for 5-6 million sq. ft. of new development with ~Rs. 3,000 crores GDV over 5 years.
Company has already developed 5 million sq. ft. on 48 acres in Kolkata, with 80% of inventory already sold.
Strategic plan to monetize remaining land area and FSI from the total 314-acre land parcel.
Resolution enables accelerated development and value unlocking in the strategically important Uttarpara growth corridor.

💡 This is a significant de-risking event that clears legal hurdles for a major land bank; investors should monitor the upcoming project launches and land monetization timelines as they will be key drivers for cash flow.

Shriram Properties to Host Q3 & 9M FY26 Earnings Call on February 14, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 11 Feb 2026, 02:39 PM

Shriram Properties Limited has scheduled an analyst and institutional investor call for Saturday, February 14, 2026, at 4:00 PM IST. The management team, including the Chairman & Managing Director and the CEO, will discuss the company's financial and operational performance for the quarter and nine months ended December 31, 2025. This is a standard regulatory filing following the conclusion of the third quarter. The call will provide insights into the company's recent project execution and sales momentum.

Earnings call scheduled for February 14, 2026, at 4:00 PM IST
Focus on operational and financial performance for Q3 and 9M FY26
Top management including CMD Murali M. and CEO Gopalakrishnan J. to participate
Primary access numbers for the call are +91 22 6280 1309 and +91 22 7115 8210

💡 Investors should monitor the call for management commentary on sales velocity and new project launches. No immediate action is required as this is a routine scheduling announcement.

Shriram Properties Acquires 100% Stake in Shrivision Upscale Spaces

🟡 NEUTRAL ⭐ 6/10

M&A 📅 09 Feb 2026, 06:33 PM

Shriram Properties Limited has successfully acquired a 100% equity stake in Shrivision Upscale Spaces Private Limited, making it a wholly-owned subsidiary. The acquisition was completed on February 9, 2026, through a cash consideration at a par value of ₹10 per share. Although the target entity currently has nil turnover and a paid-up capital of only ₹1,00,000, it is intended for strategic real estate development. This move aligns with the company's growth strategy to expand its project portfolio through dedicated subsidiary structures.

Acquired 100% equity control of Shrivision Upscale Spaces Private Limited for strategic business reasons.
The acquisition cost was set at par value of ₹10 per share via cash consideration.
Target entity has a paid-up share capital of ₹1,00,000 and reported zero turnover as of March 31, 2025.
Shrivision Upscale Spaces is now a wholly-owned subsidiary of Shriram Properties Limited.

💡 Investors should view this as a routine corporate structuring move for future project development. No immediate financial impact is expected, but it signals upcoming expansion in the real estate segment.

Shriram Properties Files Quarterly Compliance Certificate Under SEBI Reg 74(5)

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 08 Jan 2026, 05:53 PM

Shriram Properties Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The document confirms that the Registrar and Share Transfer Agent, KFin Technologies, has processed all dematerialization and rematerialization requests for the quarter ending December 31, 2025. This filing is a mandatory administrative requirement to ensure that the company's share records are accurately maintained with the depositories. It does not contain any material financial information or changes to the company's business operations.

Compliance certificate filed for the quarter ended December 31, 2025.
Confirmation received from Registrar and Share Transfer Agent, KFin Technologies Limited.
Ensures regulatory compliance with SEBI (Depositories and Participants) Regulations, 2018.
Verification of dematerialized and rematerialized securities completed for NSE and BSE listings.

💡 This is a routine administrative update with no impact on stock valuation. Investors should continue to monitor the company's operational updates and upcoming financial earnings reports.

Shriram Properties to Close Trading Window from Jan 1, 2026, for Q3 FY26 Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 31 Dec 2025, 10:36 AM

Shriram Properties Limited has announced the closure of its trading window for designated persons starting January 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations for the upcoming declaration of financial results for the quarter and nine months ending December 31, 2025. The window will remain closed until 48 hours after the results are officially approved by the board and disclosed to the exchanges. This is a standard regulatory procedure and does not indicate any change in company fundamentals.

Trading window closure begins on January 1, 2026, for all designated persons.
Closure is related to the financial results for the quarter and nine months ending December 31, 2025.
The window will reopen 48 hours after the board meeting results are declared.
The specific date for the board meeting to consider results will be announced in due course.

💡 No action is required as this is a routine regulatory filing. Investors should look out for the upcoming announcement of the board meeting date to review the company's Q3 performance.

View All SHRIRAMPPS Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

H1 FY26 Total Revenue reached INR 490.5 Cr, growing 34% YoY. Operating Revenue grew 33% YoY to INR 475.2 Cr. Revenue from sale of properties in FY25 was INR 808.90 Cr, while Development Management (DM) fees and administrative income contributed INR 9.12 Cr.

Geographic Revenue Split

90% of property sale revenue is concentrated in three key regions: Bengaluru (Shriram Liberty Square, Pristine Estates, Chirping Woods), Chennai (Park 63, Shankari), and Kolkata (Grand One).

Profitability Margins

Gross margins remained healthy at 30% in FY25 and improved to 32% in H1 FY26. PAT margin for FY25 stood at 8% on a consolidated basis.

EBITDA Margin

EBITDA margin (including share of JV income) was 21% in FY25, amounting to INR 202.83 Cr. H1 FY26 EBITDA with share of JV profit was INR 69.8 Cr, showing a slight 1% YoY decline due to deferred revenue recognition.

Capital Expenditure

Cost of revenues, representing construction outlays and direct project expenses, amounted to INR 574.94 Cr in FY25. The company is investing INR 5 Cr in brand and launch expenses for its entry into the Pune market.

Credit Rating & Borrowing

CRISIL reaffirmed its 'CRISIL A-/Positive' rating. Finance costs declined 11% YoY to INR 104.58 Cr in FY25, driven by lower interest expenses on term loans and NCDs.

⚙️ Operational Drivers

Raw Materials

Construction costs (including steel, cement, and labor) represent the primary cost of revenue, which totaled INR 574.94 Cr in FY25, approximately 59% of total revenue.

Capacity Expansion

Sales volume reached 4.3 million square feet (msf) in FY25 and is targeted to expand to ~5 msf in FY26, representing a 16% volume growth target.

Raw Material Costs

Cost of revenues stood at INR 574.94 Cr (59% of revenue) in FY25. Procurement strategies focus on direct construction outlays linked to project handovers and occupancy certificates.

Manufacturing Efficiency

Handed over 764 units in Q2 FY26, a 30% increase YoY. Nearly 56% of these handovers were in JV projects, strengthening execution momentum.

Logistics & Distribution

Other operating expenses, including distribution and marketing, totaled INR 126.65 Cr in FY25.

📈 Strategic Growth

Expected Growth Rate

23%

Growth Strategy

The company plans to achieve its INR 1,000 Cr+ revenue target by clearing the regulatory backlog of INR 420-450 Cr in deferred revenue, launching 5 new projects with 2.3 msf potential, and expanding into the Pune market.

Products & Services

Residential apartments, plotted developments (e.g., Shriram Pristine Estates), and Development Management (DM) services for third-party landowners.

Brand Portfolio

Shriram Properties, Shriram Grand One, Shriram Chirping Woods, Shriram Liberty Square, Shriram Pristine Estates, Shriram Park 63, Shriram Shankari, Shriram Esquire.

New Products/Services

Added 5 new projects in FY26 with a Gross Development Value (GDV) potential of 2.3 msf. New launches include Shriram Esquire and Shriram 107 South East.

Market Expansion

Entry into the Pune market with an initial brand campaign and launch expense of approximately INR 5 Cr in Q2 FY26.

Market Share & Ranking

The company's RoCE of 9% places it in the first quartile of returns within its peer group.

Strategic Alliances

Joint Ventures with ASK (exit from Pristine Estates) and a one-time settlement of INR 6 Cr for the closure of a JDA in Kolkata with Ashiana.

🌍 External Factors

Industry Trends

The industry is shifting toward organized players with strong execution records. Shriram is positioning itself as a partner of choice for landowners through asset-light JV and DM models to improve financial flexibility.

Competitive Landscape

Competes with regional and national developers in the affordable and middle-income segments in Bengaluru, Chennai, and Kolkata.

Competitive Moat

Sustainable moat derived from an established brand name and a strong execution record in South India, supported by a 9% RoCE which is in the top quartile of peers.

Macro Economic Sensitivity

Highly sensitive to regulatory changes in the Bengaluru region (GBA transition) and state elections (Maharashtra), which can delay project approvals and launches.

Consumer Behavior

Steady demand for affordable and middle-income housing projects ensures healthy collections, which reached INR 1,484 Cr in FY25.

Geopolitical Risks

Primarily domestic risks related to regional regulatory transitions and state-level policy changes.

⚖️ Regulatory & Governance

Industry Regulations

Impacted by the GBA (Greater Bangalore Area) transition and the new eKhata digital system in Bengaluru, which caused transient delays in revenue recognition.

Taxation Policy Impact

Consolidated tax expense for FY25 was INR 10.6 Cr.

Legal Contingencies

Pending contingent liability (provision) of INR 259 Cr related to Kolkata projects, with INR 1.7 Cr provided in Q2 FY26. One-time settlement of INR 6 Cr for Kolkata land closure.

⚠️ Risk Analysis

Key Uncertainties

Exposure to refinancing risk and the inherent cyclicality of the real estate sector, which can cause muted operating performance during market headwinds.