Oberoi Realty financials and balance sheet

NSE: OBEROIRLTYBSE: 533273RealtyMid Cap

₹1,612.70₹12.50 (0.77%)BSE ₹1,583.00

Share price at the NSE close on 23 Oct 2026. Previous close ₹1,625.20.

52-week range of traded prices to 23 Oct 2026

₹1,391.20Low, 23 Mar 2026₹1,986.10High, 6 Jul 2026

Market cap: ₹58,638 Cr179th largest listed
P/E: 22.3
P/B: 3.1
Dividend yield: 0.50%
ROE: 14.7%
ROCE: 15.8%
Debt to equity: 0.14
Volume, NSE: 3,01,78658.2% delivered

10 years at a glance

Consolidated: the company and its subsidiaries together. ₹ crore, years to March.Oberoi Realty annual reports

Revenue, net profit and borrowings, ₹ crore

Revenue
Net profit
Borrowings

Peak revenue ₹6,009 Cr, year to Mar 2026

Operating and net margin, per cent

Operating margin
Net margin

Results for the year to Mar 2026

Consolidated: the company and its subsidiaries together. ₹ crore.

From revenue to net profit

Revenue6,009
Materials and goods−2,265
Employee costs−135
Other expenses−251
Operating profit3,358
Depreciation−131
Other income+295
One-off items−23
Finance costs−241
Profit before tax3,259
Tax−768
Joint ventures+17
Net profit2,507

What the company owns

Plant, investments and other assets₹11,852 Cr
Inventory₹10,183 Cr
Cash and bank₹1,697 Cr
Current investments₹1,273 Cr
Receivables₹324 Cr

What pays for it: net worth and liabilities

Net worth₹17,922 Cr
Other liabilities₹4,099 Cr
Borrowings₹2,816 Cr
Owed to suppliers₹492 Cr

Oberoi Realty business segments, year to Mar 2026

A reportable segment is a line of business the company must report on its own. Consolidated, ₹ crore, as the company reports them.Oberoi Realty segment results by quarter

Revenue by segment

₹6,009 CrTotal

Real estate₹5,811 Cr96.7% of total
Hospitality₹198 Cr3.3% of total

Profit by segment

Real estate₹3,365 Cr98.0% of total
Hospitality₹70 Cr2.0% of total

Segment results by year

Consolidated, ₹ crore, years to March.

Real estate
Revenue, ₹ crore
2,445
2,106
2,020
2,622
4,036
4,319
5,094
5,811
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
1,086
977
994
1,158
2,038
2,380
3,134
3,365
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Hospitality
Revenue, ₹ crore
137
131
33
72
157
177
193
198
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
40
35
−10
7
57
66
74
70
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26

₹ crore	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue of all businesses	2,583	2,238	2,053	2,694	4,193	4,496	5,286	6,009
Company revenue, as in its results	2,583	2,238	2,053	2,694	4,193	4,496	5,286	6,009
Revenue	2,445	2,106	2,020	2,622	4,036	4,319	5,094	5,811
Revenue growth	–	−13.9%	−4.1%	29.8%	53.9%	7.0%	17.9%	14.1%
Profit	1,086	977	994	1,158	2,038	2,380	3,134	3,365
Profit growth	–	−10.0%	1.7%	16.5%	76.0%	16.8%	31.7%	7.4%
Margin	44.4%	46.4%	49.2%	44.2%	50.5%	55.1%	61.5%	57.9%
Return on capital	24.1%	16.5%	14.8%	17.6%	21.1%	21.1%	28.2%	24.2%
Assets	7,525	8,418	8,990	11,509	15,742	16,845	17,899	21,112
Liabilities	3,020	2,485	2,264	4,925	6,104	5,557	6,770	7,183
Capital employed	4,505	5,933	6,726	6,584	9,638	11,288	11,129	13,929
Revenue	137	131	33	72	157	177	193	198
Revenue growth	–	−4.1%	−75.3%	121.2%	118.0%	13.0%	8.7%	2.7%
Profit	40	35	−10	7	57	66	74	70
Profit growth	–	−11.5%	–	–	685.3%	15.9%	13.3%	−6.2%
Margin	29.0%	26.7%	−31.2%	10.0%	36.1%	37.0%	38.6%	35.2%
Return on capital	23.2%	21.4%	−1.1%	0.7%	3.7%	5.0%	5.0%	4.0%
Assets	209	208	1,274	1,329	1,815	1,501	1,659	1,830
Liabilities	38	44	374	323	287	176	168	78
Capital employed	171	164	901	1,006	1,528	1,325	1,492	1,752

Profit is before tax and finance costs, the way companies report their segments.

Profit and loss

Consolidated, ₹ crore, years to March.Oberoi Realty quarterly results

₹ crore	Mar 2017	Mar 2018	Mar 2019Filed 12 May	Mar 2020Filed 15 Jul	Mar 2021Filed 15 May	Mar 2022Filed 28 May	Mar 2023Filed 17 May	Mar 2024Filed 16 May	Mar 2025Filed 12 Jun	Mar 2026Filed 8 May
Revenue from operations	1,114	1,265	2,583	2,238	2,053	2,694	4,193	4,496	5,286	6,009
	–	590	1,427	1,190	1,052	1,513	2,081	2,114	2,183	2,651
Materials and goods bought	–	–	1,247	1,036	891	1,350	1,867	1,896	1,845	2,265
Employee costs	–	–	73	64	49	68	78	–	114	135
Other expenses	–	–	107	90	112	95	136	–	224	251
Operating profit before depreciation	–	675	1,155	1,048	1,000	1,181	2,112	2,381	3,103	3,358
Operating margin	–	53.4%	44.7%	46.8%	48.7%	43.9%	50.4%	53.0%	58.7%	55.9%
Materials, % of revenue	–	–	48.3%	46.3%	43.4%	50.1%	44.5%	–	34.9%	37.7%
Employee costs, % of revenue	–	–	2.8%	2.9%	2.4%	2.5%	1.9%	–	2.2%	2.2%
Other expenses, % of revenue	–	–	4.1%	4.0%	5.5%	3.5%	3.3%	–	4.2%	4.2%
Depreciation and amortisation	50	49	44	45	41	40	40	190	88	131
Operating profit after depreciation	–	626	1,111	1,003	959	1,142	2,072	2,191	3,015	3,227
Other income	47	27	79	48	38	58	101	323	188	295
Finance costs	–	7	19	88	76	86	169	48	265	241
Profit before one-off items and tax	562	646	1,171	963	921	1,114	2,003	2,467	2,937	3,282
One-off items	0	0	0	0	0	0	0	0	0	−23
Profit before tax	562	646	1,171	963	921	1,114	2,003	2,467	2,937	3,259
	187	191	361	280	185	306	319	549	719	768
Current tax	–	221	353	281	217	309	510	528	656	803
Deferred tax	–	−30	8	−1	−32	−2	−191	21	64	−35
Share of profit of joint ventures and associates	3	4	7	6	3	240	220	9	8	17
	379	459	817	689	739	1,047	1,905	1,927	2,226	2,507
Belonging to the company's shareholders	379	459	818	689	742	1,048	1,904	1,925	2,224	2,508
Other comprehensive income	–	–	1	0	2	1	−1	−1	1	0
Total comprehensive income	–	–	818	689	742	1,048	1,904	1,925	2,227	2,508
Net margin	34.0%	36.3%	31.6%	30.8%	36.0%	38.9%	45.4%	42.9%	42.1%	41.7%
Net margin without joint ventures and associates	33.7%	36.0%	31.4%	30.5%	35.9%	30.0%	40.2%	42.7%	42.0%	41.4%

Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the years to Mar 2018 and Mar 2024 they do not, so they are left blank. Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the year to Mar 2017: the statement does not state its finance costs, which operating profit is worked out from, so operating profit is not given.

Balance sheet

Consolidated, ₹ crore, at 31 March. The last column is the half year to Sep 2026, after the latest full year: the balance sheet at its end.

₹ crore	Mar 2019Filed 12 May	Mar 2020Filed 15 Jul	Mar 2021Filed 15 May	Mar 2022Filed 28 May	Mar 2023Filed 17 May	Mar 2024Filed 16 May	Mar 2025Filed 12 Jun	Mar 2026Filed 8 May	Sep 2026Half yearFiled 16 Oct
	8,029	8,629	9,369	10,416	12,210	13,844	15,705	17,922	19,090
Share capital	364	364	364	364	364	364	364	364	364
Reserves	7,666	8,266	9,006	10,053	11,847	13,481	15,341	17,558	18,726
	836	1,144	1,534	2,855	3,944	2,495	3,300	2,816	2,630
Repayable after a year	589	0	359	2,165	2,881	2,192	2,895	2,364	2,128
Repayable within a year	248	1,144	1,175	691	1,063	303	406	452	502
	2,306	2,383	2,084	2,844	3,288	3,273	3,507	4,323	6,697
Trade payables	208	73	72	417	173	539	656	492	693
Other financial liabilities	1,017	595	209	195	589	570	502	462	462
Other liabilities	821	535	615	1,482	1,393	1,780	1,903	2,852	5,003
Provisions	1	2	1	59	46	48	5	25	2
Tax owed	11	33	11	1	23	33	35	40	36
	793	209	600	2,430	3,143	2,516	3,530	3,084	2,831
Other financial liabilities	117	113	144	151	142	159	388	502	500
Other liabilities	31	31	40	40	34	53	150	134	120
Provisions	2	2	2	2	2	2	3	5	4
Deferred tax	31	28	35	25	15	0	27	1	2
Trade payables	24	34	22	48	69	109	68	79	78
Total assets	11,129	11,221	12,054	15,691	18,641	19,633	22,742	25,328	28,618
	4,143	4,375	5,288	6,782	6,185	6,887	7,525	8,079	8,273
Plant in use, after depreciation	195	205	207	197	195	218	244	239	–
Plant being built	125	305	1,980	3,297	4,031	2,705	1,604	1,752	–
Intangible assets	2	2	2	2	2	2	1	20	18
Intangible assets being developed	1	1	0	0	0	0	–	0	0
Property held to earn rent	865	839	805	780	752	2,834	4,440	4,433	4,381
Investments	2,599	2,262	1,509	1,793	419	335	85	89	94
Stakes in joint ventures and associates	0	0	0	0	0	0	374	375	373
Other financial assets	5	36	33	18	43	19	17	44	144
Deferred tax	135	93	88	27	208	173	136	145	111
Other assets	216	632	665	666	535	602	625	982	1,001
	6,986	6,846	6,765	8,909	12,456	12,746	15,217	17,250	20,346
Inventories	4,165	5,317	4,663	5,036	8,543	9,261	9,447	10,183	11,801
Trade receivables	109	115	128	125	1,098	204	113	324	535
Cash and cash equivalents	94	56	79	124	188	319	268	176	394
Other bank balances	331	52	54	169	325	448	735	1,521	1,407
Current investments	339	144	110	887	284	483	2,077	1,273	1,064
Loans given	266	310	371	466	531	540	505	593	1,106
Other financial assets	3	2	1	3	6	58	53	7	7
Tax paid in advance	12	15	20	44	33	22	19	13	29
Other assets	1,665	834	1,338	2,055	1,448	1,411	2,001	3,160	4,004
Net debt	72	891	1,291	1,676	3,148	1,245	221	−153	−235

Borrowings are counted again inside the liabilities due within a year and after a year. Plant in use and plant being built are given for full years only. No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Cash flow

Consolidated, ₹ crore, years to March. The last column is the half year to Sep 2026, after the latest full year: the cash flow over its six months.

₹ crore	Mar 2022Filed 28 May	Mar 2023Filed 17 May	Mar 2024Filed 16 May	Mar 2025Filed 12 Jun	Mar 2026Filed 8 May	Sep 2026Half yearFiled 16 Oct
	1,069	2,003	2,810	2,163	1,380	1,035
	1,360	2,003	3,283	2,813	2,172	1,421
	176	–	853	−292	−1,187	−346
Receivables	3	–	894	85	−211	−210
Inventories	−352	–	−213	−233	−699	−1,605
Payables	105	–	336	154	−154	199
Other working capital	420	–	−165	−297	−123	1,271
Tax paid	−291	–	−474	−650	−792	−386
Capital spending	29	–	0	0	637	227
Free cash flow	1,040	2,003	2,810	2,163	743	808
	−1,390	–	−644	−2,392	−463	−396
Plant and property sold	0	–	0	2	3	0
Interest received	6	–	27	256	94	53
	1,142	–	−2,034	200	−1,009	−421
Borrowings raised	3,182	–	1,044	2,218	483	401
Borrowings repaid	−1,877	–	−2,483	−1,422	−963	−577
Interest paid	−163	–	−304	−232	−238	−99
Dividends paid	0	–	291	364	291	145
Shares bought back	0	–	0	0	0	0
Shares issued	0	–	0	0	0	0
Net change in cash	821	2,003	131	−29	−92	218

Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. No cash flow statement is on record for the years to Mar 2017, Mar 2018, Mar 2019, Mar 2020 and Mar 2021.

Consolidated, ₹ per share, years to March.Oberoi Realty dividend history

₹ per share	Mar 2017	Mar 2018	Mar 2019Filed 12 May	Mar 2020Filed 15 Jul	Mar 2021Filed 15 May	Mar 2022Filed 28 May	Mar 2023Filed 17 May	Mar 2024Filed 16 May	Mar 2025Filed 12 Jun	Mar 2026Filed 8 May
Earnings per share	₹11.15	₹13.51	₹22.80	₹18.96	₹20.33	₹28.80	₹52.38	₹52.99	₹61.21	₹68.96
Diluted earnings per share	₹11.15	₹13.51	₹22.80	₹18.96	₹20.33	₹28.80	₹52.38	₹52.99	₹61.21	₹68.96
Dividend per share	₹2.00	₹2.00	₹2.00	–	–	₹3.00	₹4.00	₹8.00	₹8.00	₹8.00
Book value per share	–	–	₹220.82	₹237.33	₹257.68	₹286.47	₹335.81	₹380.76	₹431.93	₹492.89
Dividend payout	17.9%	14.8%	8.9%	–	–	10.4%	7.6%	15.1%	13.1%	11.6%
Shareholder yield	–	–	–	–	–	0.0%	–	0.5%	0.6%	0.6%
Market cap at the year end (₹ crore)	12,506	17,328	19,209	12,063	20,913	34,173	30,637	53,662	59,536	51,595

Ratios

Consolidated, years to March.Oberoi Realty PE ratio and valuation

Ratio	Mar 2017	Mar 2018	Mar 2019Filed 12 May	Mar 2020Filed 15 Jul	Mar 2021Filed 15 May	Mar 2022Filed 28 May	Mar 2023Filed 17 May	Mar 2024Filed 16 May	Mar 2025Filed 12 Jun	Mar 2026Filed 8 May
Revenue growth	−20.9%	13.6%	104.1%	−13.4%	−8.3%	31.2%	55.6%	7.2%	17.6%	13.7%
Operating profit growth	–	–	71.1%	−9.3%	−4.5%	18.1%	78.8%	12.8%	30.3%	8.2%
Net profit growth	−11.1%	21.2%	78.1%	−15.6%	7.2%	41.6%	81.9%	1.2%	15.5%	12.7%
Earnings per share growth	−12.1%	21.2%	68.8%	−16.8%	7.2%	41.7%	81.9%	1.2%	15.5%	12.7%
	–	–	10.2%	8.3%	8.2%	10.6%	16.8%	14.8%	15.1%	14.9%
	–	–	–	−1.9 pts	0.0 pts	2.4 pts	6.2 pts	−2.1 pts	0.3 pts	−0.1 pts
From the net margin	–	–	–	−0.3 pts	1.4 pts	0.6 pts	1.8 pts	−1.0 pts	−0.3 pts	−0.1 pts
From asset turnover	–	–	–	−1.4 pts	−1.2 pts	0.9 pts	3.2 pts	−0.6 pts	0.9 pts	0.0 pts
From borrowing	–	–	–	−0.3 pts	−0.3 pts	0.8 pts	1.3 pts	−0.5 pts	−0.4 pts	0.0 pts
Return on capital employed	–	–	12.5%	10.3%	8.8%	8.6%	12.8%	13.4%	15.9%	15.6%
Cash conversion	–	–	–	–	–	102.1%	105.2%	145.8%	97.2%	55.0%
Interest cover	–	91.3	57.4	11.3	12.6	13.3	12.3	46.1	11.4	13.4
Debt to equity	–	–	0.10	0.13	0.16	0.27	0.32	0.18	0.21	0.16
Receivable days	–	–	15	19	23	17	96	17	8	20
Inventory days	–	–	1,219	1,874	1,910	1,362	1,670	1,783	1,869	1,641
Payable days	–	–	61	26	30	113	34	104	130	79
Cash conversion cycle, days	–	–	1,174	1,867	1,904	1,266	1,732	1,696	1,747	1,581
Working capital days	–	–	588	873	998	755	821	692	624	632
Asset turnover	–	–	0.23	0.20	0.18	0.19	0.24	0.23	0.25	0.25
Assets per rupee of net worth	–	–	1.39	1.34	1.29	1.40	1.52	1.47	1.43	1.43
Sales per rupee of plant	–	–	13.23	10.89	9.93	13.65	21.53	20.66	21.70	25.16
Capital spending to depreciation	–	–	–	–	–	0.72	–	0.00	0.00	4.87
Plant being built, % of plant in use	–	–	64.1%	148.4%	957.6%	1,671.0%	2,070.6%	1,243.0%	658.6%	733.5%

No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Consolidated: the company and its subsidiaries together. Each window ends with the year to Mar 2026.

Return on assets, latest year: 10.4%
Cash from operations against operating profit: 41.1%

Measure	10 years	5 years	3 years
Revenue growth, yearly rate	15.6%	24.0%	12.7%
Profit growth, yearly rate	19.4%	27.6%	9.6%
Return on equity, average	–	14.4%	14.9%
Return on capital employed, average	–	13.3%	14.9%
Operating margin, average	50.6%	52.4%	55.9%
Net margin, average	38.0%	42.2%	42.2%
Asset turnover, average	–	0.23	0.24
Cash conversion cycle, days, average	–	1,604	1,675
Interest cover, average	29.9	19.3	23.6
Debt to equity, average	–	0.23	0.18

Where the cash came from and went

Consolidated: the company and its subsidiaries together. ₹ crore, added up over each window, which ends with the year to Mar 2026.

₹ crore	5 years	3 years	Latest year
Cash from operations	9,424	6,352	1,380
Cash from investing	–	−3,500	−463
Cash from financing	–	−2,843	−1,009
Capital spending	–	637	637
Dividends paid	–	945	291
Shares bought back	–	0	0
Shares issued for cash	–	0	0
Borrowings raised	–	3,744	483
Borrowings repaid	–	4,868	963

Accounting checks

Consolidated, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

Check	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Piotroski score, out of 9Published threshold 3 points out of 9	–	–	–	–	–	6	8	7	7	4
Altman Z-scorePublished threshold 1.1	–	–	8.44	9.14	9.20	7.21	8.08	8.78	8.87	9.08
Beneish M-scorePublished threshold −1.78	–	–	–	–	–	−2.46	2.17	−3.36	−2.84	−0.74
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets	–	–	–	–	–	9.86	–	−1.25	11.59	6.62
Cash from operations to profit, 3 yearsPublished threshold 0.7 times	–	–	–	–	–	–	–	1.21	1.15	0.95
Receivables growth less revenue growthOur threshold 0 percentage points	–	–	–	18.70	19.32	−33.90	725.98	−88.64	−62.41	173.95
Inventory growth less cost-of-goods growthOur threshold 0 percentage points	–	–	–	44.61	1.67	−43.49	31.31	6.84	4.69	−14.97
Other current assets growth less revenue growthOur threshold 5 per cent of revenue	–	–	–	−37.07	24.80	27.58	−14.68	0.06	11.02	18.42
Assets under construction, years of additionsOur threshold 2 years of additions	–	–	–	5.53	46.66	108.54	108.63	12.71	14.02	13.90
Effective tax ratePublished threshold 17.16 per cent	33.23	29.53	30.81	29.03	20.10	27.51	15.94	22.26	24.49	23.57
Tax charged less tax paid, % of profitOur threshold 10 percentage points	–	–	–	–	–	1.39	–	3.06	2.35	−0.75

A threshold marked as ours has no published figure; it is the line we read the check against.

Credit ratings

An agency's view of the chance the company repays a borrowing on time, from AAA, the highest, down to D, in default.

Date	Agency	Borrowing rated	Rating	Outlook	Amount, ₹ Cr
7 Oct 2026	CARE Ratings Limited (opens in a new tab)	LT/ST Fund-based/Non-fund-based-CC/WCDL/OD/LC/BG	CARE AA+ / CARE A1+Review, Re-affirm	Stable	300
7 Oct 2026	CARE Ratings Limited (opens in a new tab)	Fund-based - LT-Term Loan	CARE AA+Review, Re-affirm	Stable	237
7 Oct 2026	CARE Ratings Limited (opens in a new tab)	Debentures-Non Convertible Debentures	CARE AA+Review, Re-affirm	Stable	280
7 Oct 2026	CARE Ratings Limited (opens in a new tab)	Debentures-Non Convertible Debentures	WithdrawnReview, Other
7 Oct 2026	CARE Ratings Limited (opens in a new tab)	Commercial Paper	CARE A1+Review, Re-affirm		300

The latest rating on each borrowing. The agency's name opens its reasoning for the rating.