Sunteck Realty (SRIN IN) – Q2FY27 Result Update – Strong launch pipeline to aid growth – BUY
Published on 28 Oct 2026
Sunteck Reality (SRIN) reported healthy pre-sales growth of 17% YoY, along with 12% YoY collection growth in Q2. SRIN’s proven ability to market ultra-luxury projects, aggressive and multi-pronged land acquisition capabilities in various micro markets across Mumbai Metropolitan Region (MMR) is an interesting play on Mumbai’s high value real estate market. We expect the company’s pre-sales to grow to +20% CAGR over FY26-28E, supported by launch acceleration, including the planned Dubai JV project in FY28. Further given likely strong cash flow generation, we see SRIN to step up new project additions which will be a key catalyst for stock performance. Maintain ‘Buy’ rating with TP of INR 450/share; 15% discount to our 1-year forward NAV.
