Buy Sunteck Realty; target of Rs 567: Motilal Oswal

Buy

Motilal Oswal's research report on Sunteck Realty

Sunteck Realty (SRIN) posted pre-sales of INR7.3b in 3QFY26, up 16%/5% YoY/ QoQ (18% below our est.). In 9MFY26, pre-sales were INR20.9b, up 26% YoY. Collections were down 5% YoY / 4% QoQ to INR3.2b for 3QFY26 (54% below estimates). In 9MFY26, collections stood at INR10.0b, up 6% YoY. The net debt-to-equity ratio rose to 0.07x in the quarter from 0.04x QoQ. In 3QFY26, SRIN acquired a strategic 1.75-acre land parcel in Andheri, Mumbai, near the International Airport, with a GDV potential of ~INR25b. Overall, in 9MFY26, it added three projects with a GDV of INR50b.

Outlook

We reiterate our BUY rating on the stock with a revised TP of INR567, implying a 52% upside potential.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Sunteck Realty_29012026_Motilal Oswal