The real estate sector was one of the worst hit sectors during the Covid-19 pandemic. Ever since the pandemic began, many real estate stocks plunged to new lows. For example, the share price of DLF Ltd. fell by 50% between January 2020 and April 2020. The share price of Godrej Properties also fell by 37% during the same duration. Not just this, many other real estate stocks also saw a steep fall.
But, gradually as the economy started to revive, the shares of real estate companies started to rally again. Real estate giant, DLF Ltd. was in a continuous bullish rally from April to October 2021.
Since April 2021, Indian real estate stocks have seen massive growth in their share prices. Today, we will take a look at all the real estate stocks listed on the Indian stock exchange. Let’s begin.
In this article:
- Overview of the Indian real estate sector
- Real estate stocks listed on the Indian stock exchanges
- Alternative for investing in real estate stocks
Overview of the Indian Real Estate Sector
The real estate sector is one of the most popular sectors across the world. Even if you do not believe in investing, you would still plan to buy a house sooner or later in your life. So, almost every one of us plans to invest in the real estate sector at least once in our lifetime. And because of this never ending demand and limited supply, the prices of properties are touching new heights.
Now remember, the real estate sector is not just limited to residential properties. It also includes hospitality and commercial spaces. So, 80% of the real estate sector developed in India consists of residential space and 20% includes offices, shopping malls, hotels and hospitals.
The Indian real estate sector has seen high growth in recent times as the demand for office and residential spaces have spiked. Between January 2021 and September 2021, private equity investment inflows in India stood at US$ 3.3 billion. Not just that, the home sales volume across seven major cities in India surged 113% year on year (YoY) in the third quarter of 2021. There has also been an increase in inflow from Foreign Direct Investors (FDIs) by 7% on a YoY basis.
So, it is safe to say that the Indian real estate sector is slowly picking up pace and might soon be one of the fastest-growing sectors in India.
Here is a list of all the real estate stocks listed in India
|Sr.No||Name||Current Market Price||52 week high||52 week low||Market capitalization in crores|
|2||Macrotech developers Ltd.||1,010||1,539||492||48,637|
|3||Godrej Properties Ltd||1590.55||2,598||1,200||44,204|
|4||Oberoi Realty Ltd||976.7||1,052||514||35,628|
|5||Prestige Estates Projects Ltd||493.4||555||260||19,762|
|6||Phoenix Mills Ltd||1043.7||1,200||672||18,627|
|7||Brigade Enterprises Ltd||480.5||555||231||11,093|
|8||Sunteck Realty Ltd||497.25||590||250||7,282|
|9||NBCC (India) Ltd||39.8||59.8||34.2||7,155|
|11||Mahindra Lifespace Developers Ltd||373.85||411||152||5,713|
|12||Indiabulls Real Estate Ltd||100.65||196||74.7||5,436|
|13||Dilip Buildcon Ltd||278||750||234||4,057|
|14||Ahluwalia Contracts India Ltd||505.1||563.6||280||3,379|
|16||Ganesh Housing Corporation Ltd||301.8||309||57.1||2,508|
|17||D B Realty Ltd||95||134||16.8||2,330|
|18||Kolte Patil Developers Ltd||297.3||360||206||2,274|
|19||PSP Projects Ltd||568.2||639||394||2,076|
|20||Anant Raj Ltd||62.15||86||47.85||1,835|
|22||Ashiana Housing Ltd||154.4||209.9||108.85||1,591|
|23||JMC Projects (India) Ltd||86.1||130||75||1,443|
|24||Ajmera Realty & Infra India Ltd||376.3||495||104.65||1,339|
|25||Arvind SmartSpaces Ltd||217.1||257.85||92.1||919|
|26||BIGBLOC Construction Ltd||120.3||131||15.5||856|
|27||Parsvnath Developers Ltd||18.2||27.2||7||779|
|28||Arihant Superstructures Ltd||156.05||204.5||52||641|
|29||Marathon Nextgen Realty Ltd||126.4||143||46.8||623|
|30||B.L.Kashyap & Sons Ltd||25.5||33||13.5||575|
|32||Jaypee Infratech Ltd||3.2||5.05||1.38||439|
|33||Prozone Intu Properties Ltd||28.15||56.4||15.4||427|
|34||Peninsula Land Ltd||13.5||19.4||6.61||371|
|35||Geecee Ventures Ltd||170.25||211||99.9||353|
|36||Ansal Properties & Infrastructure Ltd||19.05||20.9||5.35||297|
|38||Nila Infrastructures Ltd||7.35||10.6||4.1||284|
|39||Art Nirman Ltd||91.2||196||226|
|40||Pansari Developers Ltd||121||225||45||211|
|41||RPP Infra Projects Ltd||48.3||78.8||40||180|
|42||Poddar Housing & Development Ltd||248.95||313||139||164|
|43||PVP Ventures Ltd||6.6||10||4.18||159|
|44||Prajay Engineers Syndicate Ltd||20.15||31.5||7.5||147|
|45||TCI Developers Ltd||384.15||549||279||131|
|46||Landmark Property Development Company Ltd||8.35||17.9||1.86||112|
|47||Ansal Housing Ltd||8.1||8.25||7.7||46|
|48||Country Condos Ltd||5.75||8.74||1.99||44|
Now, let’s take a look at the details of the top 5 real estate stocks in India as per market capitalization.
DLF stands for Delhi Land and Finance Ltd. It is a leading real estate company in India. The company is involved in the development of offices, residential and retail properties. Not just that, it is also engaged in the business of leasing, generation of power, provision of maintenance services, hospitality and a lot more.
Currently, the market cap of DLF Ltd. is Rs. 96,339 crores. This makes it the biggest company in the real estate sector as per market capitalisation. The company has been in this sector for over 75 years and has developed over 150 real estate projects covering a total area of 330+ million sq. ft.
Here are the key financials of DLF Ltd.
|Market Cap (Cr): Rs. 96,352 Cr.||Face Value: Rs. 2||EPS: Rs. 6.37|
|Book Value: Rs. 144||ROCE (%): 4.29 %||Debt to Equity: 0.16|
|Stock PE: 55.1||ROE (%): 3.13 %||Dividend Yield (%): 0.50 %|
|Total Debt (Cr): Rs. 5,736 Cr.||Promoter’s Holdings (%): 75.0 %|
*Data as on 19th April 20222.
Macrotech Developers Limited is none other than real estate veteran Lodha Developers., The company is engaged in the business of real estate development. They have developed many commercial and residential properties across India. The company has completed over 90 projects comprising a total area of 80 million square feet as of FY 2021.
It has also created several brands for mid-range and premium houses.
- Lodha, CASA, Crown are for its affordable and mid-income housing projects.
- Lodha Luxury for its premium and luxury housing projects.
- iThink, Lodha Excelus, Lodha Supremus and Lodha Signet brands for its office spaces.
The company also entered the UK real estate market in 2013. It has acquired a prime property on Grosvenor Square in London from the Canadian Government.
Here are the key financials of Macrotech Developers Limited.
|Market Cap (Cr): Rs. 51,483 Cr.||Face Value: 10||EPS: Rs. 22.3|
|Book Value: Rs. 154||ROCE (%): 7.11 %||Debt to Equity: 2.05|
|Stock PE: 52.6||ROE (%): -16.5 %||Dividend Yield (%): 0|
|Total Debt (Cr): Rs. 15,191 Cr.||Promoter’s Holdings (%): 82.22|
*Data as on 19th April 2022
Godrej Properties Limited was incorporated in 1897. It is a subsidiary of Godrej Industries Ltd. This company is engaged in the development of real estate. The company has developed various residential buildings, commercial complexes, and townships.
The company has a diversified portfolio of inventory. Out of the total saleable area, Pune accounts for 27%. Mumbai Metropolitan Region (MMR) accounts for 21%. Bangalore accounts for 17%. Delhi accounts for 15% and the rest 21% is located at other locations across India.
The biggest advantage for the company is its funding cost. The company has the lowest bank funding cost of around 7.3% per annum, as it has a strong financial position and goodwill as it is a part of the Godrej Group.
Here are the key financials of Godrej Properties
|Market Cap (Cr): Rs. 44,970||Face Value: Rs. 5||EPS: Rs. -3.60|
|Book Value: Rs. 301||ROCE (%): 0.63 %||Debt to Equity: 0.57|
|Stock PE: 217||ROE (%): -3.38 %||Dividend Yield (%): 0.00 %|
|Total Debt (Cr): Rs. 4,799||Promoter’s Holdings (%): 58.43|
*Data as on 19th April 2022
Oberoi Realty was incorporated in 1998. Previously the company was known as Kingston Properties Pvt Ltd. but later it was renamed to Oberoi Realty. The company is engaged in the development of residential, office space, retail, hospitality, and social infrastructure verticals.
The company generates revenue from these sources.
- 81% of revenue is generated from its residential projects such as Seven, Exquisite, Esquire and three sixty west.
- 16% of revenue is generated from rental income from investment properties like malls and commercial spaces.
- 4% of revenue is generated from hospitality and property management services like sale of rooms, food and beverages, etc.
Here are the key financials of Oberoi Realty
|Market Cap (Cr): Rs. 36,124||Face Value: Rs. 10||EPS: Rs. 30.3|
|Book Value: Rs. 267||ROCE (%): 9.47 %||Debt to Equity: 0.22|
|Stock PE: 32.8||ROE (%): 8.18 %||Dividend Yield (%): 0|
|Total Debt (Cr): Rs. 2,094||Promoter’s Holdings (%): 67.70|
*Data as on 19th April 2022
5. Prestige Estate
Prestige Estates Ltd. was incorporated in 1997 and is one of the renowned businesses in the real estate space. Till date, the company has completed 120 residential projects, 112 office projects and 8 hospitality projects consisting of hotels, resorts and spas.
Prestige estates generates 76% revenue from the real estate segment. 15% revenue is generated from leasing and subleasing business and the remaining 11% revenue is generated from offering services such as room rentals, food, beverages business etc.
Not just that Prestige Office Ventures has acquired a 70% equity stake in Shipco Infrastructure Pvt Ltd which works into the logistics space.
Here are the key financials of Prestige Estate Ltd.
|Market Cap (Cr): Rs. 19,660||Face Value: Rs. 10||EPS: Rs. 39|
|Book Value: Rs. 168||ROCE (%): 12.3%||Debt to Equity: 0.84|
|Stock PE: 45.9%||ROE (%): 6.49%||Dividend Yield (%): 0.30%|
|Total Debt (Cr): Rs. 5,648||Promoter’s Holdings (%):65.48|
*Data as on 21th April 2022
Phoenix Mills Ltd is one of the most renowned property developers in the world. It currently owns eight largest malls across major metro cities including Mumbai, Bengaluru, Chennai, Pune and Lucknow. It has been in this sector for over 100 years. If we talk about the revenue sources of the company, 80% of the revenue is generated from its property business. 18% is generated from its hospitality business.
Here are the key financials of Phoenix Mills
|Market Cap (Cr): Rs. 18,153||Face Value: Rs. 2||EPS: Rs. 11.4|
|Book Value: Rs. 316||ROCE (%): 4.22 %||Debt to Equity: 0.69|
|Stock PE: 92.6||ROE (%):1.22 %||Dividend Yield (%): 0.10 %|
|Total Debt (Cr): Rs. 3,874||Promoter’s Holdings (%):47.34|
*Data as on 21th April 2022
Alternative for investing in real estate stocks
Now, we have already seen the details of a few real estate stocks listed in India. But there is another alternative of investing in real estate – Real Estate Investment Trust (REIT).
But what is REIT?
A Real Estate Investment Trust (REIT) is a trust, which owns, finances, and operates income-generating real estate projects. A REIT will use your invested money to buy physical real estate assets such as shopping malls, commercial spaces, hotels, apartments, etc. The maintenance cost of the property will be deducted from the rent earned and the remaining profits will be distributed among all the REIT unit holders in the form of dividends.
Currently, there are three listed REITs in India.
Recommended watch: What are Infrastructure Investment trusts?
With this, we come to the end of our discussion on the top real estate stocks listed on the Indian stock exchanges. In this article, we discussed a few real estate stocks according to their market capitalisation. We have also provided a list of other real estate stocks listed on the stock exchanges.