| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 111 | 840 | −86.8% |
| EBITDA | 24.3 | −19.9 | — |
| EBITDA margin | 22.0% | −2.4% | +24.3 pts |
| Profit before tax | 0.1 | 36.6 | −99.8% |
| Net profit | −1.3 | 13.7 | — |
| EPS | −₹0.02 | ₹0.23 | — |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 4,423 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 57.2 | 57.2 | 256 | 786 | 163 | ||
| −36.2 | −36.2 | 78.9 | 71.3 | −67.5 | ||
| 747 | 747 | 1,897 | 2,025 | 2,666 | ||
| 5,076 | — | — | — | — | ||
| 864 | 1,593 | 1,133 | 357 | 698 | ||
| — | +40.6% | +217.0% | −48.8% | — | ||
| 114 | 69.7 | −97.0 | 156 | −718 | ||
| 13.2% | 4.4% | −8.6% | 43.6% | −102.8% | ||
| 107 | 63.9 | −150 | 130 | −718 | ||
| 12.0 | 27.0 | −118 | 1,317 | −90.0 | ||
| 1.4% | 1.7% | −10.4% | 368.5% | −12.9% | ||
| ₹0.22 | ₹0.47 | −₹2.32 | ₹24.32 | −₹1.67 | ||
| — | +120.3% | −109.5% | +1,559.8% | — | ||
| — | 939 | 540 | 237 | 96.3 | ||
| — | −14.0 | −47.7 | −52.2 | 0.0 | ||
| 925 | 925 | 493 | 184 | 96.3 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 4,422.8 | |
| - Cash, Equiv & ST Investments | 162.9 | 785.6 | 255.8 | 57.2 | 57.2 | |
| + Minority Interest | -67.5 | 71.3 | 78.9 | -36.2 | -36.2 | |
| + Total Debt | 2,666.3 | 2,025.0 | 1,897.2 | 746.8 | 746.8 | |
| Enterprise Value | — | — | — | — | 5,076.1 | |
| Revenue | 698.2 | 357.5 | 1,133.1 | 1,593.3 | 863.7 | |
| Growth %, YoY | — | -48.8 | +217.0 | +40.6 | — | |
| EBITDA | -717.9 | 155.9 | -97.0 | 69.7 | 113.8 | |
| Margin % | -102.82 | 43.62 | -8.56 | 4.37 | 13.18 | |
| EBIT | -718.3 | 129.9 | -150.0 | 63.9 | 107.1 | |
| Net Income | -90.0 | 1,317.1 | -118.0 | 27.0 | 12.0 | |
| Margin % | -12.89 | 368.46 | -10.42 | 1.70 | 1.39 | |
| EPS, Adj (current shares) | -1.67 | 24.32 | -2.32 | 0.47 | 0.22 | |
| Growth %, YoY | — | +1,559.8 | -109.5 | +120.3 | — | |
| Cash from Operations | 96.3 | 236.7 | 540.5 | 938.8 | — | |
| Capital Expenditures | -0.0 | -52.2 | -47.7 | -14.0 | — | |
| Free Cash Flow | 96.3 | 184.5 | 492.7 | 924.8 | 924.8 | |
Prices at the 30 October 2026 close · figures from the company's filings with NSE
Valor Estate (NSE: DBREALTY) had a market capitalisation of ₹4,331 crore at the 30 October 2026 close (₹79.85 a share), a PE ratio of 369.6 on the last four quarters' profit and a price-to-book ratio of 1.06. In FY26 its consolidated net profit was ₹25.5 crore on revenue of ₹1,593 crore; in Q1 FY27 (April–June 2026) it was a loss of ₹1.3 crore. Its debt-to-equity ratio was 0.18 on 31 March 2026. Promoters held 47.17% of the shares on 30 September 2026.
Valor Estate's PE ratio is 369.6 at the 30 October 2026 close (₹79.85 a share): a market capitalisation of ₹4,331 crore divided by consolidated net profit of ₹11.7 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹25.5 crore) it is 170.0. These four quarters include net exceptional items of ₹44.8 crore (one-off gains reported separately), so the ratio on recurring profit would differ.
Valor Estate's price-to-book (PB) ratio is 1.06 at the 30 October 2026 close: a market capitalisation of ₹4,331 crore divided by shareholders' equity (book value) of ₹4,092 crore on 31 March 2026. That is a book value of ₹75.44 per share against a share price of ₹79.85.
In FY26, Valor Estate's return on equity (ROE) was 0.6% and its return on capital employed (ROCE) was 1.2%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was −2.5% and ROCE −2.2%.
Valor Estate's market capitalisation was ₹4,331 crore at the 30 October 2026 close: 54.24 crore shares at ₹79.85 each.
No. Valor Estate had borrowings of ₹747 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.18. Its cash and current investments were ₹79.7 crore, so its net debt was ₹667 crore.
Valor Estate's basic earnings per share (EPS) were ₹0.50 in FY26. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹0.23.
Valor Estate's debt-to-equity ratio was 0.18 on 31 March 2026: borrowings of ₹747 crore against total equity of ₹4,056 crore. A year earlier, on 31 March 2025, it was 0.38.
Promoters held 47.17% of Valor Estate on 30 September 2026, unchanged from the previous quarter and down 0.26 percentage points from 47.43% a year earlier, according to the shareholding pattern filed with NSE.
In FY26, Valor Estate generated ₹939 crore of cash from operations and spent ₹14 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹925 crore. In FY25 it was ₹493 crore.
Valor Estate's net worth — shareholders' equity in its consolidated balance sheet — was ₹4,092 crore on 31 March 2026, down 16.4% from ₹4,893 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹4,331 crore at the 30 October 2026 close.
Valor Estate's book value per share was ₹75.44 on 31 March 2026: shareholders' equity of ₹4,092 crore divided by the 54.24 crore shares in issue, down 17.0% from ₹90.87 a year earlier. The share price at the 30 October 2026 close was ₹79.85.
In FY26 (April 2025–March 2026), Valor Estate's consolidated net profit was ₹25.5 crore, against a loss of ₹126 crore in FY25, on revenue from operations of ₹1,593 crore (up 40.6%).
On 30 September 2026, Valor Estate's shares were held by promoters 47.17%, foreign portfolio investors (FII/FPI) 3.86%, domestic institutions (DII) 0.31% (including mutual funds at 0.13%) and retail and other non-institutional investors 48.65%. Over the year, FII holding was down 1.31 percentage points from 5.17% and DII holding was down 0.20 percentage points from 0.51%.
Valor Estate's latest results are for Q1 FY27 (April–June 2026), filed on 14 August 2026: consolidated net loss ₹1.3 crore, against a profit of ₹12.5 crore in Q1 FY26; revenue from operations ₹111 crore, down 86.8% year on year.
On FY26 consolidated figures, against Embassy Developments, Sri Lotus Developers and Realty and Puravankara: Valor Estate's operating margin of 4.0% is the third highest of the four (Embassy Developments −30.1%, Sri Lotus Developers and Realty 36.3%, Puravankara 17.4%; peer average 7.8%); its return on equity of 0.6% is the third highest of the four (Embassy Developments −9.1%, Sri Lotus Developers and Realty 12.4%, Puravankara 3.6%; peer average 2.3%).
Valor Estate has not yet announced the date of its Q2 FY27 results (July–September 2026); under SEBI's listing rules (Regulation 33) they are due by 14 November 2026.
In FY26, Valor Estate earned net profit of ₹25.5 crore on revenue of ₹1,593 crore, against ₹873 crore on ₹1,732 crore for Embassy Developments. Valor Estate's operating margin was 4.0% (Embassy Developments −30.1%) and its return on equity 0.6% (Embassy Developments −9.1%). At the 30 October 2026 close, Valor Estate's market capitalisation was ₹4,331 crore against ₹6,878 crore for Embassy Developments.
From Valor Estate's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 30 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.