Buy Hampton Sky Realty; target of Rs 70: Profitmart

Profitmart research report on Hampton Sky Realty

Established in 1987, Hampton Sky Realty Ltd formerly known as Ritesh Properties and Industries Ltd (RPIL) is a leading company with business interests in the Real Estate & Fashion Industry. The company is also engaged in the exports of mobile phones to the Middle-Eastern countries Hampton Sky Realty is based out of Ludhiana and Delhi under the leadership of Mr. Sanjeev Arora, Chairman and managing Director of the company RPIL was acquired by the existing promoters led by Mr Sanjeev Arora in Feb 2023 via a open offer of 42 lac optionally convertible shares & 3431600 shares at a open offer price of Rs 22 constituting 25.83% of the company’s equity capital The company has commenced construction on its latest project - Hampton Narayana Super speciality Hospital (HNSH) in Ludhiana, in collaboration with Narayana Hospitals Ltd (NHL), a renowned hospital chain headed by Dr. Devi Shetty Some other marquee projects under development are “Hampton Plaza”, coming up in an area of 200000 sqft., “Hampton estate” – commercial project spread over 12 acres with a built-up area of 500000 sqft, in Ludhiana The total area currently under development spans 55 acres, with a built-up area of 2.8 Million sq ft.

Outlook

We continue to be positive based on the company’s future growth outlook in the Real Estate segment & believe that Hampton Sky Realty looks attractive from a long term perspective considering the huge head room for future growth in the Real Estate space, the diversity of its customer base and strong domain knowledge enjoyed by it in the business Hence we believe that the Hampton Sky Realty should buy at CMP at Rs 41 and target price would be around Rs 65-70 plus over the next 18 months.