Embassy Developments Ltd
EMBDLEmbassy Developments Ltd
EMBDL


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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
-59.92 | 6.16 | — |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
58.32 | 3.98 | 0.76% |
Forecast & Ratings
Detailed Forecast from 1 analyst
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Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Equinox India Developments Limited, formerly Indiabulls Real Estate Limited, is a holding company engaged in real estate project advisory, project marketing, maintenance of completed projects.
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Forecasts
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Revenue
Earnings
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Earnings Per Share Forecast
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Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 3,096.66 | 2,846.50 | 4,731.85 | 5,226.92 | 3,440.63 | 1,662.06 | 1,541.37 | 648.47 | 468.75 | 1,039.95 | ||||||||||
Raw Materials | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,276.17 | ||||||||||
Power & Fuel Cost | 6.49 | 6.86 | 4.94 | 2.51 | 1.03 | 0.37 | 0.07 | 0.02 | 0.02 | |||||||||||
Employee Cost | 114.38 | 116.09 | 128.09 | 138.48 | 113.82 | 52.07 | 77.14 | 104.92 | 73.19 | |||||||||||
Selling & Administrative Expenses | 180.74 | 175.48 | 275.69 | 145.52 | 101.19 | 76.19 | 53.37 | 59.42 | 57.74 | |||||||||||
Operating & Other expenses | 1,760.16 | 1,376.54 | 787.99 | 3,614.88 | 2,335.00 | 1,213.09 | 1,315.69 | 1,007.01 | 1,340.03 | |||||||||||
EBITDA | 1,034.89 | 1,171.53 | 3,535.14 | 1,325.53 | 889.59 | 320.34 | 95.10 | -522.90 | -1,002.23 | -236.22 | ||||||||||
Depreciation/Amortization | 69.48 | 71.43 | 96.51 | 17.45 | 30.76 | 17.25 | 12.15 | 12.13 | 11.32 | 10.97 | ||||||||||
PBIT | 965.41 | 1,100.10 | 3,438.63 | 1,308.08 | 858.83 | 303.09 | 82.95 | -535.03 | -1,013.55 | -247.19 | ||||||||||
Interest & Other Items | 501.10 | 560.81 | 744.23 | 464.32 | 481.16 | 227.89 | 109.94 | 27.64 | 9.24 | 15.61 | ||||||||||
PBT | 464.31 | 539.29 | 2,694.40 | 843.76 | 377.67 | 75.20 | -26.99 | -562.67 | -1,022.79 | -262.80 | ||||||||||
Taxes & Other Items | 168.25 | 142.40 | 321.55 | 339.63 | 256.98 | 70.89 | 109.73 | 45.71 | 15.86 | 21.46 | ||||||||||
Net Income | 296.06 | 396.89 | 2,372.85 | 504.13 | 120.69 | 4.31 | -136.72 | -608.38 | -1,038.65 | -284.26 | ||||||||||
EPS | 7.01 | 9.28 | 52.12 | 10.90 | 2.67 | 0.10 | -3.02 | -12.24 | -19.20 | -5.25 | ||||||||||
DPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||
Payout ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Company Updates
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PDFPeers & Comparison
Real EstateReal Estate
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Embassy Developments Ltd | -16.40 | 6.16 | — |
DLF Ltd | 66.35 | 4.59 | 0.68% |
Macrotech Developers Ltd | 75.75 | 6.69 | 0.19% |
Oberoi Realty Ltd | 34.13 | 4.75 | 0.22% |
Price Comparison
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Promoter Holdings Trend
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
No institutional holdings trend are available
Shareholding Pattern
Jun 2024
Sep 2024
Dec 2024
Jan 2025
Shareholding History
Mutual Funds Holding Trend
No mutual funds holding trends are available
Top 5 Mutual Funds holding Embassy Developments Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
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The rupee value of the stock held by the fund divided by the stock’s market cap 1.6629% | Percentage of the fund’s portfolio invested in the stock 2.98% | Change in the portfolio weight of the stock over the last 3 months 0.38% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 7/67 (+2) | |
The rupee value of the stock held by the fund divided by the stock’s market cap 0.5086% | Percentage of the fund’s portfolio invested in the stock 0.36% | Change in the portfolio weight of the stock over the last 3 months 0.36% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 61/98 (+24) | |
The rupee value of the stock held by the fund divided by the stock’s market cap 0.4281% | Percentage of the fund’s portfolio invested in the stock 0.74% | Change in the portfolio weight of the stock over the last 3 months 0.08% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 27/47 (-2) |
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Events
Dividend Trend
No Dividends
EMBDL has not given any dividends in last 5 years
Dividends
Corp. Actions
Announcements
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Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateMay 6, 2014
Dividend/Share
₹1.00
Ex DateEx Date
May 6, 2014
Cash Dividend
Ex DateEx DateOct 31, 2013
Dividend/Share
₹1.00
Ex DateEx Date
Oct 31, 2013
Cash Dividend
Ex DateEx DateAug 5, 2013
Dividend/Share
₹1.00
Ex DateEx Date
Aug 5, 2013
Cash Dividend
Ex DateEx DateMay 7, 2013
Dividend/Share
₹2.00
Ex DateEx Date
May 7, 2013
Cash Dividend
Ex DateEx DateSep 22, 2011
Dividend/Share
₹0.30
Ex DateEx Date
Sep 22, 2011
Equinox India Developments announced the remarkable success of Embassy Verde, its premium residential project within Embassy Springs, one of North Bengaluru's largest developments. Since its pre-launch 5 days ago, Embassy Verde has garnered an overwhelming response, securing pre-sales bookings worth Rs 619 crore and selling over 700 units with total saleable area of 0.7 million square feet. This asset forms part of the NAM Estates portfolio, now under Equinox India post-merger. Powered by Capital Market - Live
Revenue from operations soared 177% YoY to Rs 278.50 crore in the quarter ended 31 December 2024. The firm posted profit before tax of Rs 26.85 crore in Q3 FY25, as compared with pre-tax loss of Rs 28.33 crore recorded in same quarter last year. Additionally, the company reported an adjusted EBITDA of Rs 38 crore for the quarter, compared to negative adjusted EBITDA of Rs 22 crore posted in Q3 FY24. The company's pre-sales jumped 37% YoY to Rs 82 crore in Q3 FY25. Gross Collections for the quarter stood at Rs 105 crore, representing a 24% YoY decline. The company also noted new bookings of 78,000 square feet during Q3 FY25. The net surplus stood at Rs 11,150 crore, with ongoing project costs of Rs 2,302 crore significantly covered through receivables, with a coverage ratio of approximately 0.8x. The company's surplus from completed projects is Rs 302 crore. In terms of new launches, the company introduced Embassy One in Thane in November 2024, achieving pre-sales of Rs 36.5 crore as of 31 December 2024. Gross debt amounted to Rs 420 crore, with an average rate of interest (ROI) of 13.2% and a debt-to-equity ratio of 0.09x. Total equity stood at Rs 4,605 crore. Cash and cash equivalents stood at Rs 116 crore, with net debt of Rs 304 crore in the quarter ended 31 December 2024. On nine month basis, the company reported consolidated net profit of Rs 17.76 crore in Q3 FY25 as compared to net loss of Rs 736.63 crore posted in Q3 FY24. Revenue from operations surged 132.1% YoY to Rs 911.71 crore in the quarter ended 31 December 2024. Equinox India Developments is a real estate development company. The Company develops residential and commercial real estate projects, including luxury office and commercial spaces, residential developments, and special economic zones. Equinox India Developments serves customers worldwide. Powered by Capital Market - Live
Net profit of Equinox India Developments reported to Rs 22.17 crore in the quarter ended December 2024 as against net loss of Rs 38.65 crore during the previous quarter ended December 2023. Sales rose 176.98% to Rs 278.50 crore in the quarter ended December 2024 as against Rs 100.55 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales278.50100.55 177 OPM %1.07-32.92 - PBDT29.03-25.43 LP PBT26.85-28.33 LP NP22.17-38.65 LP Powered by Capital Market - Live
This long-awaited merger, which has been under consideration for five years, faced several hurdles, including concerns raised by the income tax department. However, the NCLAT ultimately dismissed these concerns and greenlit the deal. Last year, Indiabulls Real Estate rebranded as Equinox India Developments after receiving a substantial investment of Rs 3,911 crore from a consortium led by Embassy Group, Blackstone Real Estate Fund, and Baillie Gifford & Co. This capital infusion was facilitated through a preferential allotment of shares. Embassy One, the first residential project launched by Equinox under the Embassy brand, is a testament to this new chapter. Located in Thane, Mumbai, this development comprises 186 luxury apartments, each priced at R s1 crore and above. The merger will see Embassy Group, a leading real estate developer with a strong presence in the IT/ITES sector, expand its operations into key markets like Mumbai and Delhi-NCR. This move is expected to unlock significant value for both companies and position them for further growth in the competitive Indian real estate market. Embassy Group, known for its high-quality developments and innovative approach, will now lead the merged entity. Equinox India Developments is one of the largest real estate company with a Gross Development Value of Rs 32,189 crore, and with 15 on-going projects with total saleable area of 33.91 million sq. ft. under its wing. Further it has commercial development with a leasable area of 3.15 million sq.ft. under construction. Additionally the company has a land bank of 1,046 acres and also possesses 2,588 acres of SEZ land at Nasik, Maharashtra. In July of 2014, Equinox India Developments acquired the prime property, 22 Hanover Square in Central London for Rs 1630 crore. On a consolidated basis, Equinox India Developments reported net profit of Rs 24.06 crore in Q2 September 2024 as against net loss of Rs 18.43 crore in Q2 September 2023. Net sales rose 155.26% to Rs 245.97 crore in Q2 September 2024 over Q2 September 2023. The board of Equinox India will consider Q3 results on 10 January 2025. Powered by Capital Market - Live
Equinox India Developments will hold a meeting of the Board of Directors of the Company on 10 January 2025.Powered by Capital Market - Live
Equinox India Developments has received revision in credit ratings from Infomerics Valuation and Rating as under: Non convertible debentures (Rs 120 crore) - IVR A-; Stable (Reaffirmed the rating and removed it from 'Rating Watch with Negative implications') Proposed non convertible debentures (Rs 700 crore) - IVR A-; Stable (assigned) Powered by Capital Market - Live
Net profit of Equinox India Developments reported to Rs 24.06 crore in the quarter ended September 2024 as against net loss of Rs 18.43 crore during the previous quarter ended September 2023. Sales rose 155.26% to Rs 245.97 crore in the quarter ended September 2024 as against Rs 96.36 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales245.9796.36 155 OPM %-0.42-23.86 - PBDT36.84-13.60 LP PBT33.79-16.38 LP NP24.06-18.43 LP Powered by Capital Market - Live
Net Loss of Equinox India Developments reported to Rs 11.04 crore in the quarter ended September 2024 as against net loss of Rs 8.51 crore during the previous quarter ended September 2023. Sales reported to Rs 5.59 crore in the quarter ended September 2024. There were no Sales reported during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales5.590 0 OPM %-123.610 - PBDT-11.13-8.04 -38 PBT-11.76-8.48 -39 NP-11.04-8.51 -30 Powered by Capital Market - Live
Equinox India Developments will hold a meeting of the Board of Directors of the Company on 23 October 2024.Powered by Capital Market - Live
Equinox India Developments announced that the 18th Annual General Meeting (AGM) of the company will be held on 27 September 2024.Powered by Capital Market - Live
Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of -38.26%, vs industry avg of 3.81%
Decreasing Market Share
Over the last 5 years, market share decreased from 7.72% to 0.51%