Unlisted Shares

The company witnessed a 30% year-on-year (yoy) decline in top line hitting ₹ 1741 Cr owing to rising inventory and subdued demand. The bottom line was thus negatively affected in FY23 recording a net loss of ₹ 136 Cr. However, the CFO in FY23 was positive (₹ 937 Cr)

A bird's eye view of the business shows falling ROE FY23 owing to a loss in profitability. However, it is important to note the company has very high leverage (avg 300%+) and negative book value (owing to earlier losses).

The company has 50+ residential/commercial offerings across major cities like Gurugram, Delhi/NCR, Mohali, Jalandhar, Ludhiana, Indore, Jaipur, Lucknow, and others. Outside India their operations span 14 countries.

The company is backed by his excellency Mohamed Ali Alabbar, chairman of Al Salam Bank Group and spearheads joint ventures like Emaar's collaboration with Giorgio Armani for luxury hotels. Additionally, he chairs RSH Limited, a retailer for branded products, and has held positions in various prominent organizations including Dubai Aluminium Company Limited (Dubal) and Amlak Finance. He established the Dubai Department of Economic Development in 1992, contributing to Dubai's trade and business segments' development. Recognized as one of the 50 global economy leaders by Euromoney Magazine in 1996 and ranked second among the 100 most influential Arabs by Arabian Business Magazine in 2007.