The shares of the indian real estate and construction company have hit a 5 percent upper circuit after the company gets its largest redevelopment project, which aligns with the Company’s mission to develop distinguished properties that offer modern living standards
The shares of Shraddha Prime Projects Ltd, with a market capitalization of Rs. 650.25 crores on Thursday. Its shares are trading at a CMP of Rs 162.10, against the previous closing price of Rs 154.40. The stock has hit a 5 percent upper circuit. The stock has given multibagger returns of 125.89 percent in the past year
What’s the news
Shraddha Prime Projects Ltd has announced a major milestone in one of its largest redevelopment ventures, Shraddha Paradise Enclave, located in Mulund West, Mumbai. The company has received the IOD approval, marking a key step forward in project execution. The redevelopment will feature a multi-storied high-rise tower, comprising 1,28,921 sq. ft. of residential space and 29,588 sq. ft. of commercial space, aligning with modern urban living standards.
The project will be developed under DCPR 2034 and the 33(11) Scheme, allowing higher Floor Space Index (FSI) benefits. These regulatory provisions will enable the company to maximize construction potential and optimize returns on investment. With these enhanced development rights, Shraddha Paradise Enclave is projected to generate a substantial revenue of approximately Rs 420 crore over the next 5 years.
This development is a reflection of Shraddha Prime Projects Ltd’s commitment to delivering high-quality real estate offerings. The project aligns with the company’s mission to create distinguished, client-centric residential and commercial properties in key urban locations. With the receipt of regulatory clearances, the company is set to proceed with full-scale development and anticipates strong market interest in this flagship venture.
About the company
Shraddha Prime Projects Ltd is a Mumbai-based real estate company specializing in residential and redevelopment projects, particularly in the city’s western and central suburbs. With over 17 years of experience, the BSE-listed firm has completed 16 projects and is currently developing 17 more, including high-rise towers and township schemes. The company is known for aligning its developments with DCPR 2034 norms, focusing on modern urban living.
Financials
The company’s revenue from operations has surged by 15.58 percent from Rs. 39.09 Crores in Q3FY24 to Rs. 45.18 Crores in Q3FY25, whereas the net profits of the company have decreased by 12.44 percent from Rs. 10.37 crores in Q3FY24 to Rs. 9.08 Crores in Q3FY25.
Shraddha Prime Projects Ltd shows strong profitability with a high ROE of 23.3 percent, indicating efficient use of shareholders’ funds. However, its high P/E of 57.7 and price-to-book ratio of 9.79 suggest the stock is trading at a premium compared to industry peers. With a debt-to-equity ratio of 1.68, the company carries moderate financial leverage. Its low dividend yield of 0.06 percent and high stock volatility reflect a growth-focused approach rather than income generation.
Written By Likesh Babu S
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