DBREALTYRealty

Valor Estate Limited

Residential, Commercial Projects · ISIN INE879I01012 · BSE 533160 · NSE EQ · FV ₹10
Last price
₹95
-0.49%today
What this company does

Valor Estate Limited operates in Residential, Commercial Projects, part of the Realty sector. It booked ₹111 cr of revenue in its latest quarter (Q1 FY27) and kept -1.1% of sales as profit.

Valor Estate Ltd. (Formerly known as D B Realty Ltd.), (‘VEL’) was founded in 2007. Our growth story and legacy will be built on a strong reputation of excellence in residential and commercial developments. We operate primarily in the Mumbai Metropolitan Region (MMR). Our core competencies include land aggregation, securing clear land titles, and property development in partnership with strong developers.
In the report:
52out of 100
Equitytale Health Score
Mixed

Healthier than 52% of listed companies we score, on all six measures of filed financials. Each measure is ranked against the 412–2,858 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
oversold
RSI (14)
23

At close. Not part of the score.

Profitability & returns12

How much profit it earns on the money it employs

Balance sheet41

How much it owes, and whether earnings cover the interest

Cash quality90

Whether reported profit actually arrives as cash

Growth & consistency75

Whether sales and profit have grown, and how steadily

Valuation73

What today's price implies, against our models or its peers

Governance & risk52

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Some things to watch
Strengths
Promoters hold 47%
Watch-outs
! Currently loss-making
! Thin -1.1% net margin
! Sales down 87% vs last year
! 44.7% of promoter stake pledged
! Low -0.1% return on equity

What if I invest in DBREALTY?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹95 -0.49%
latest close · 2026-09-17
1-year return
+356.5%
52-wk low ₹2052-wk high ₹134
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/B ratio1.26Moderate
Below bookModerateHigh
EV / EBITDA45.5High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity-0.1%Loss
WeakFairStrong ▸15%
Return on capital2.8%Weak
WeakFairStrong
Net margin-1.1%Loss
ThinDecentStrong
EBITDA margin28.9%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.18Comfortable
LowModerateHigh ▸1
Interest cover1.0×Risky
RiskyOkayStrong ▸5×
Current ratio1.45Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹5,138 cr
Book value
₹75
EPS
₹-0.02
latest quarter
Net debt
₹692 cr
owes more than its cash
Enterprise value
₹5,831 cr
EBITDA
₹128 cr
annualised
EBIT
₹122 cr
annualised
Operating margin
27.6%
Return on assets
-0.1%
Earnings yield
P/S
11.59
Sales / share
₹8.2
Tax rate
192.9%
Face value
₹10
Shares
54.2 cr
Working capital
₹872 cr
Current assets
₹2,796 cr
Current liabilities
₹1,924 cr
Delivery %
60.6%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹208₹208, midpoint ₹208

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹111 cr
Other Income₹8 cr
Total Income₹118 cr
Cost of Materials₹17 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹34 cr
Employee Benefit Expense₹8 cr
Finance Costs₹30 cr
Depreciation & Amortisation₹1 cr
Other Expenses₹26 cr
Total Expenses₹118 cr
Profit before Tax₹7.4 L
Tax Expense₹14.2 L
Share of JV / Associates₹-1 cr
Net Profit₹-1 cr
Net margin on total income-1.1%
Where the money goes · Q1 FY27
% of total spend
Materials + stock-in-trade₹52 cr43.6%
Employee benefit expense₹8 cr7.1%
Finance costs₹30 cr25.7%
Depreciation & amortisation₹1 cr1.2%
Other expenses₹26 cr22.2%
Tax expense₹14.2 L0.1%
Total income ₹118 cr

The company made a net loss of ₹1 cr this quarter — income covered only 100 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue529 cr87 cr111 cr
Total income536 cr93 cr118 cr
Expenses462 cr163 cr118 cr
Profit before tax73 cr-26 cr7.4 L
Tax8 cr15.1 L14.2 L
Net profit (owners' share)62 cr-59 cr-1 cr
Net margin (owners' share, on revenue)11.7%-68.2%-1.1%
EPS (₹)1.15-1.09-0.02
YoY (latest quarter): total income -86.8% · net profit
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹6,359 cr
Shareholder equity
₹4,092 cr
parent shareholders
Total debt
₹747 cr
Cash
₹54 cr
Cash flow · H1 FY26
Operating
₹451 cr
Investing
₹-157 cr
Financing
₹-258 cr
Peer comparison
Residential, Commercial Projects · by market value
CompanyPriceMarket capP/E
DLF Limited₹640₹1.58 L cr49.8
Lodha Developers Limited₹1,103₹1.10 L cr20.1
The Phoenix Mills Limited₹1,872₹66,957 cr56.4
Oberoi Realty Limited₹1,741₹63,292 cr29.1
Prestige Estates Projects Limited₹1,440₹62,025 cr65.7
Godrej Properties Limited₹1,678₹50,551 cr36.1
Anant Raj Limited₹597₹21,482 cr35.9
Brigade Enterprises Limited₹621₹20,251 cr25.3
Horizon Industrial Parks Limited₹52₹12,779 cr
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
44.7% pledged
Promoter
47.2%
FII / Foreign
4.8%
DII / Domestic
0.4%
Retail / others
47.6%
Promoter stake down 3.7% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtShruti Ahuja · Promoter Group10.01 L4 Sep 26
SoldShravan Kumar Bali · Promoter Group10.01 L4 Sep 26
SoldJagdish Bhagwan Kadu · Employees/Designated Employees19,990 · ₹23.7 L31 Dec 25
Bulk / block deals
short · NSE5422 Jun 26
short · NSE20,0004 Jun 26
short · NSE20,0012 Jun 26
Stake changes
BoughtVinod K Goenka · promoter→ 0.49% · 1.00 L18 Dec 25
BoughtVinod K Goenka · promoter→ 0.47% · 4.00 L25 Jun 25
SoldShruti Ahuja · promoter→ 0.04% · 75,00020 Dec 24
Promoter pledges
ReleasedIDBI Trusteeship Services Limited (Share Pledge Trustee) on behalf of HDFC Limited (Lender)1.09 cr · 2.01% held19 Aug 26
ReleasedIDBI Trusteeship Services Limited (Share Pledge Trustee) on behalf of HDFC Limited (Lender)2.17 cr · 4.00% held19 Aug 26
ReleasedIDBI Trusteeship Services Limited (Share Pledge Trustee) on behalf of HDFC Limited (Lender3.18 cr · 11.39% held18 Aug 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Special shareholder meeting · 12 Dec 2025
See the official result
1
Approval for increase in the Authorised Share Capital of the Company and consequent alteration to the Capital Clause of the Memorandum of Association (MOA) of the Company
Backed by 100% of shareholders other than promotersneeded 50%
4.77 cr votes for, 1.93 L against · 0% of mutual funds and other big investors said no
2
Approval for issuance of 0.0001 percent Compulsory Convertible Preference Shares (CCPS) upon variation of terms of 8 percent, Redeemable Preference Shares (RPS), NonConvertible and Non-Cumulative of the Company
Backed by 100% of shareholders other than promotersneeded 75%
4.77 cr votes for, 1.93 L against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 110 named members
owning 47.1% between them · as of 2026-06-30
Aseela Goenka Sunita Goenka Alok Agarwal Trustee of Goenka Family Trust13.04%
Neelkamal Tower Construction LLP12.32%
SB Fortune Realty Private Limited10.83%
Sanjana Vinod Goenka4.13%
Aseela Vinod Goenka2.97%
Jayvardhan Vinod Goenka2.51%
Vinod K. Goenka0.49%
V S Erectors And Builders Private Limited0.33%
Business done with them
FY2025 · 3 of the group
The company paid ₹133 cr to companies in the promoter group last year — about 11.7% of its ₹1,133 cr revenue and received ₹96 cr back from them.
V S Erectors And Builders Private Limited
Other payments to them · Borrowings
also owns 0.33% of the company
₹101 cr
company paid
V S Erectors And Builders Private Limited
Other income from them · Borrowings
also owns 0.33% of the company
₹56 cr
company received
SB Fortune Realty Private Limited
Other income from them · Enterprises where individuals i.e. KMP and their relatives have significant influence
also owns 10.83% of the company
₹40 cr
company received
SB Fortune Realty Private Limited
Other payments to them · Enterprises where individuals i.e. KMP and their relatives have significant influence
also owns 10.83% of the company
₹32 cr
company paid
Wahida Asif Balwa
Other payments to them · Hardship Compensation
also owns 0.01% of the company
₹1.4 L
company paid

The company also transacted with 44 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹920 cr raised in Mar 2024 by selling shares to large investors

The company has not broken this money down into purposes in its filing for Jun 2025, so there is nothing to measure it against yet. CARE Ratings Limited watches the spending on the exchange’s behalf.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.