Best Real Estate Stocks in India: Real estate is one of the oldest and most stable investments in which people have faith. Land has always been regarded as a valuable asset in Indian culture, and owning property is regarded as a sign of prosperity.
Every market collapsed when the coronavirus pandemic hit the world. Real estate stocks have plummeted, and sales have also reached new lows. In a time of crisis, people were more concerned with survival than with purchasing real estate.
However, because the pandemic has made life easier for everyone, the sector is expected to boom in the near future. List Of India's Best Real Estate Stocks
We've compiled a list of the biggest and best real estate stocks in India, complete with key ratios, for your convenience. So keep reading to find out more about India's largest land developers.
1. DLF
Delhi Land & Finance is India's largest real estate company by market capitalization. It was founded in 1946 by Chaudhary Raghvendra Singh and is as old as Independent India.
DLF is the leading real estate developer in Delhi, despite the fact that the company is headquartered in Gurugram, Haryana. Aside from that, they have created several technology parks. In 2008, DLF became the IPL's first title sponsor. The sponsorship lasted 5 years before being taken over by PepsiCo in 2013. It is India's largest real estate company, with a market capitalization of 88,739 crores. Looking at their financials, the company has a strong promoter holding of 75% over the last three years.
However, their revenue growth over the last five years has been declining, from FY 2018 (6,706 crores) to FY 2022 (5,717 crores). With a D/E ratio of 0.12, the company has almost no debt, making it the real estate company with the least amount of debt on our list.
FY 2022 profit was 843 crores, more than double that of FY 2021 (477 crores). However, it is still a significant decrease from its 2018 profit of 4,292 crores. The Price to Earnings ratio is much higher at 54.32.