Shriram Properties Ltd (SPL) is one of the leading residential real estate development companies in South India and stands among top five in terms of number of units launched between CY12- Q3 CY21 across Tier 1 cities of South India.
Key triggers / Highlights
- Primarily focused on the mid-market and affordable housing categories (83.69% of 16.76 mn sq ft total saleable area for completed projects). Additionally, SPL has presence in the mid-market premium and luxury housing categories, and commercial and office space segments.
- The company has realized pre-sales volumes of 1.56 mn sq ft, 3.00 mn sq ft, and 3.25 mn sq ft of saleable area during H1 FY22, FY21 and FY20 valued at ₹587.4 crore, ₹1,244.3 crore and ₹1,148.6 crore respectively.
- Part of the Shriram Group and backed by Marquee Investors
- Demonstrated robust capabilities in project identification and execution track record having recorded 22.6% pre-sales volumes CAGR over FY17-21
- Scalable and asset light business model supported by strong financial position
- Well positioned to benefit from regulatory and industry developments
For details, click on the link below: Link to the report
Source : Equity Bulls