OBEROI REALTYOberoi Realty LimitedNSE:OBEROIRLTYTechnicalAnalystSucritOberoi Realty Ltd. (CMP ₹1,931.00, NSE: OBEROIRLTY) The SmartWay Research Desk | 18 August 2026 A Mumbai‑based real estate developer, incorporated in 1998. Oberoi Realty is one of India’s leading luxury and premium real estate companies, with projects spanning residential, commercial, retail, and hospitality segments, primarily in Mumbai and expanding into other metros. FY22–FY26 Snapshot Revenue Growth: FY26 revenue ₹4,842 Cr vs ₹4,212 Cr in FY25 (+15.0% YoY). → Good Net Profit: FY26 PAT ₹1,212 Cr vs ₹1,042 Cr in FY25 (+16.3% YoY). → Good Operating Margin: FY26 EBITDA ₹1,812 Cr, margin 37.4% vs 36.8% last year (+60 bps). → Good Equity Capital: Stable, face value ₹10. → Good Dividend Policy: Dividend ₹8.00/share declared for FY26. → Good Asset Building: Investments in luxury residential towers, malls, and hotels. → Good Sales: Strong demand from Mumbai luxury housing and commercial leasing. → Good Expense: Land acquisition and construction costs remain high. → Neutral/Good EPS: FY26 EPS ₹33.25 vs ₹28.60 last year (+16.2%). → Good Institutional Interest & Ownership Trends (Mar 2026) Promoter Holding: ~67.7% (no pledges) FII Holding: ~14.2% DII Holding: ~12.1% Retail & Others: ~6.0% Strategic Moves & Innovations Expansion in luxury residential projects in Goregaon, Worli, and Thane. Focus on commercial leasing and retail malls. Partnerships with global hospitality brands for premium hotels. Diversification into mixed‑use developments and township projects. Cash Flow & Balance Sheet Strength Market cap ~₹70,200 Cr. Debt‑to‑equity ratio ~0.38 (moderate leverage). Book value per share ₹412.00; P/B ~4.7. EPS (TTM) ₹33.25; P/E ~58.0. Risk Factors High P/E ratio ~58.0, valuations expensive. Dependence on Mumbai real estate demand cycles. Exposure to regulatory approvals and RERA compliance. Competition from DLF, Godrej Properties, and Prestige Estates. Investor Takeaway Oberoi Realty has delivered steady FY26 performance, supported by luxury housing demand, commercial leasing, and hospitality expansion. With strong promoter backing, dividend payouts, and leadership in premium Mumbai real estate, Oberoi Realty remains a large‑cap real estate play. At CMP ₹1,931.00, valuations are expensive (P/E ~58.0, P/B ~4.7), reflecting growth expectations but also sectoral risks.