Whalesbook
Q4 Ka Record Performance!
Company ne bataya ki Pichle saal ke muqable is quarter mein sales 96% badhi hain, aur paisa collect hone ka rate bhi 21% tez ho gaya. FY22 se FY26 tak company ne pre-sales mein roughly 9% ka CAGR maintain kiya hai, jo kaafi solid hai.
Future ka Plan Solid Hai?
Aagey ke liye bhi company kaafi optimistic hai. FY28 tak pre-sales mein 24% CAGR ka target rakha hai, jismein naye launches aur Thane, Tardeo, Worli jaise projects help karenge. Aur haan, annuity income bhi stable rehne wali hai, around ₹1300 Crore se ₹1400 Crore saal ka, jo cash flow ko aur mazboot karega.
Analyst Kya Bolte Hain? (Par Thoda Caution Ke Sath)
Lekin yahan pe ek interesting point hai. Prabhudas Lilladher ne 'Accumulate' rating rakhi hai aur target price diya hai ₹1,820, jo current share price (around ₹1,650) se sirf 11% upar hai. Yeh thoda conservative target hai, jiske wajah se analysts aur investors company ke valuation ko leekr thoda soch-vichaar kar rahe hain.
Valuation Par Scrutiny Aur Naye Challenges
Oberoi Realty apni valuation ko justify karne ke liye Gurugram jaise bade, naye markets mein expand kar raha hai. Yeh MMR se kaafi alag hai, jahan competition aur market dynamics bhi different hain. Company ka P/E ratio abhi lagbhag 40x ke aas-paas hai, jisse peers ke comparison mein value zyada lag sakti hai.
Competition Aur Risks
DLF aur Prestige Estates jaise bade players bhi isi race mein hain. Aagey chal kar construction costs badhne aur interest rates mein changes ka impact pad sakta hai. Sabse bada challenge hai ki naye projects ko jaldi se jaldi kaise launch karke sell kiya jaye aur margins ko maintain rakha jaye.
Future Outlook
Overall, Oberoi Realty 24% CAGR tak pahunchne ka potential rakhti hai aur annuity income se steady revenue aata rahega. Lekin investors abhi Gurugram mein execution aur competitive positioning par nazar rakhenge.