Order Book Or Contract Wins
Expected: Next 2-5 yearsHIGH confidence
What: Upcoming Project GDV: ₹5,000+ Cr
“Upcoming Projects GDV IN CR: Shivaji Nagar 1,206, Sky 54 1,258, Granduer 1,577. Total pipeline exceeds 30 lakh sq. ft.”
B-Right RealEstate Ltd: Why Is It Outperforming Nifty 500?
ActiveRS +50.9%Average12w Streak
In , B-Right RealEstate Ltd (Construction - Factories/Offices/Commercial) is outperforming Nifty 500 with +50.9% relative strength. Fundamentals: Average. On a 12-week streak.
B-Right RealEstate Ltd Key Facts
- PE Ratio
- 28.2x
- Price/Book
- 4.70x
- Market Cap
- ₹992 Cr
- PAT Growth YoY
- +725%
- Revenue Growth YoY
- +79%
- OPM
- 41.0%
- RS vs Nifty 500
- +50.9%
PE: At PeakStrong Opportunity
What's Happening
💎PE falling while earnings hold — value emerging
💪Debt reduced 17% YoY — balance sheet strengthening
🌐FII stake increased 1.4% this quarter
💰Trading 17% above estimated fair value
Earnings Acceleration Triggers
1. Order Book Or Contract Wins
Next 2-5 yearsHIGH
2. Operating Leverage Inflection
H1 FY26HIGH
3. Interest Cost Reduction Deleveraging
H1 FY26MEDIUM
Key Risks
1. SRA and Redevelopment projects are subject to complex approval processes
MEDIUMSector-Specific Signals
Pre-Sales Value₹84.4 Cr
Carpet Area Sold50,755 sq. ft.
Collections₹25.3 Cr
Ongoing Salable Area617,271 sq. ft.
Key Numbers
PAT Growth YoY
+725%
Inflection Up
Revenue YoY
+79%
Stable
Operating Margin
41.0%
+3000 bps YoY
PE Ratio
28.2
PEG Ratio
1.90
EV/EBITDA
27.9
Current Price
₹960
Fundamental Score
45/100
Average
3Y PAT CAGR
+80%
Market Cap
992 Cr
Valuation
Overvalued12-Week Performance
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
12 weeks agoThis week
Why Are B-Right RealEstate Ltd's Earnings Accelerating?
Based on Q2 FY26 earnings • Updated Apr 18, 2026
Operating Leverage Inflection
Expected: H1 FY26HIGH confidence
What: EBITDA Margin: 37%
Impact: 202% EBITDA growth
“Revenue from operations YoY % 34%. Total Expenditure YoY % 3%. EBITDA YoY % 202%.”
Interest Cost Reduction Deleveraging
Expected: H1 FY26MEDIUM confidence
What: Debt/EBITDA: Declining trend
“With a disciplined, IRR-driven model and a zero net-debt philosophy, BRRL continues to uphold its legacy of trust.”
EBITDA growth of 202% YoY
HIGH confidence
What: EBITDA growth of 202% YoY
“EBITDA H1 FY26 ₹2,063 Lakhs, H1 FY25 ₹683 Lakhs, YoY % 202%. Total Expenditure H1 FY26 ₹3,732 Lakhs, H1 FY25 ₹3,608 Lakhs.”
What Are the Key Risks for B-Right RealEstate Ltd?
Earnings deceleration risks from management commentary
SRA and Redevelopment projects are subject to complex approval processes
MEDIUMTrigger: The business model relies heavily on government approvals for SRA and redevelopment schemes.
Management view: Management maintains a robust pipeline to mitigate individual project delays.
Monitor: regulatory
What Is B-Right RealEstate Ltd's Management Saying?
Key quotes from recent conference calls
“Khot Dongri SRA Project ( MALAD EAST ) B-RIGHT HOUSECON LLP Project to start in 6 months subject to approvals. [Previous Project Pipeline guidance]”
“Expansion into Prime Mumbai Markets Strengthening presence across Dadar, Mahim, and Matunga, key growth corridors within the MMR region. [Initiative: Expansion into Prime Mumbai Markets]”
“Project to start in 6 months subject to approvals. Approvals in Process. L.O.I., I.O.D., C.C. conversion in process. [Risk (regulatory): MEDIUM]”
“Upcoming Projects GDV IN CR: Shivaji Nagar 1,206, Sky 54 1,258, Granduer 1,577. Total pipeline exceeds 30 lakh sq. ft. [Catalyst (order_book_or_contract_wins): ACTIVE]”
What Did B-Right RealEstate Ltd Report This Quarter?
Headline numbers from the latest earnings call
Revenue
₹54.5 Cr
YoY +34%
Why: The first half of FY26 has been a period of strong operational and financial performance, driven by a clear focus on value creation.
Revenue growth was driven by execution across the portfolio.
EBITDA
₹20.7 Cr
YoY +202%Margin 37%
Why: Operational efficiencies and project mix contributed to the significant expansion in EBITDA margins from 16% to 37%.
EBITDA growth significantly outpaced revenue growth, indicating high operating leverage.
PAT
₹3.6 Cr
YoY +526%
Why: The surge in profit after tax was driven by higher revenue recognition and improved margins on ongoing projects.
PAT margins improved from 1% to 6% year-on-year.
Other Highlights
• Pre-sales reached ₹84.4 Cr in H1 FY26.
• Collections for the half-year stood at ₹25.3 Cr.
• Carpet area sold totaled 50,755 sq. ft.
What Sector Metrics Matter for B-Right RealEstate Ltd?
Sub-sector-specific signals from the latest concall — each with management's stated reason for the change
Pre-Sales Value
₹84.4 Cr
Why: Driven by sales in projects like Nirvana and Ambika Nagar.
Carpet Area Sold
50,755 sq. ft.
Why: Reflects the volume of sales achieved during the half-year period.
Collections
₹25.3 Cr
Why: Healthy collection momentum from ongoing projects.
Ongoing Salable Area
617,271 sq. ft.
Why: Total area under development across 7 ongoing projects.
Upcoming Project Pipeline
3,000,000+ sq. ft.
Why: Strategic expansion into new micro-markets in Mumbai.
Total Projected Revenue (Ongoing)
₹1,294 Cr
Why: Estimated revenue from the current portfolio of 5 major ongoing projects.
Debt / Equity Ratio
1.1
Why: Reflects the current leverage position as of H1 FY26.
Sold Unit Receivables
₹243 Cr
Why: Amount to be collected from units already sold in ongoing projects.
What Is B-Right RealEstate Ltd's Management Guidance?
Forward-looking targets from management for Project Life
Revenue Outlook
₹1,294 Cr
Volume
Upcoming project pipeline exceeding 30 lakh sq. ft.
Management Tone: BULLISH
How Fast Is B-Right RealEstate Ltd Growing?
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | +79% | +80% | Stable |
| PAT (Net Profit) | +725% | +80% | Inflection Up |
| OPM | 41.0% | +3000 bps | Volatile |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Apr 18, 2026.
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Frequently Asked Questions: B-Right RealEstate Ltd
Based on publicly available financial data. This is educational research, not investment advice.
What were B-Right RealEstate Ltd's latest quarterly results?
B-Right RealEstate Ltd's latest quarterly results (Mar 2026) show
- PAT Growth YoY: +725.0% (turning around (inflection up))
- Revenue Growth YoY: +79.4%
- Operating Margin: 41.0% (volatile)
Is B-Right RealEstate Ltd's profit growing or declining?
B-Right RealEstate Ltd's profit is growing with an turning around (inflection up) trend.
- PAT Growth YoY: +725.0% (latest quarter)
- PAT Growth QoQ: +175.0% (sequential)
- 3-Year PAT CAGR: +80.0%
- Trend: Turning around (inflection up) — consistent growth pattern
What is B-Right RealEstate Ltd's revenue growth trend?
B-Right RealEstate Ltd's revenue growth trend is stable.
- Revenue Growth YoY: +79.4%
- Revenue Growth QoQ: +109.3% (sequential)
- 3-Year Revenue CAGR: +80.0%
How is B-Right RealEstate Ltd's operating margin trending?
B-Right RealEstate Ltd's operating margin is volatile.
- Current OPM: 41.0%
- OPM Change YoY: +30.0% basis points
- OPM Change QoQ: +6.0% basis points
What is B-Right RealEstate Ltd's 3-year profit and revenue CAGR?
B-Right RealEstate Ltd's long-term compounding rates
- 3-Year Profit CAGR: +80.0%
- 3-Year Revenue CAGR: +80.0%
Is B-Right RealEstate Ltd's growth accelerating or decelerating?
B-Right RealEstate Ltd's earnings growth is turning around (inflection up) with insufficient_data on a sequential basis.
- Sequential Acceleration: 0.0% bps
What is B-Right RealEstate Ltd's trailing twelve month (TTM) performance?
B-Right RealEstate Ltd's trailing twelve month (TTM) performance
- TTM PAT: ₹49 Cr
- TTM PAT Growth: +100.0% YoY
- TTM Revenue: ₹271 Cr
- TTM Revenue Growth: +100.0% YoY
- TTM Operating Margin: 28.9%
Is B-Right RealEstate Ltd overvalued or undervalued?
B-Right RealEstate Ltd appears overvalued based on our fair value analysis.
- Valuation Signal: Overvalued
- Current PE: 28.2x
- Price-to-Book: 5.6x
What is B-Right RealEstate Ltd's current PE ratio?
B-Right RealEstate Ltd's current PE ratio is 28.2x.
- Current PE: 28.2x
- Market Cap: 992 Cr
How does B-Right RealEstate Ltd's valuation compare to its history?
B-Right RealEstate Ltd's current PE is 28.2x.
- Current PE: 28.2x
- Valuation Assessment: Overvalued
What is B-Right RealEstate Ltd's price-to-book ratio?
B-Right RealEstate Ltd's price-to-book ratio is 5.6x.
- Price-to-Book (P/B): 5.6x
- Book Value per Share: ₹171
- Current Price: ₹960
Is B-Right RealEstate Ltd a fundamentally strong company?
B-Right RealEstate Ltd is rated Average with a fundamental score of 45/100. This score is calculated from objective financial metrics
- Revenue Growth YoY: +79.4% (10% weight)
- PAT Growth YoY: +725.0% (10% weight)
- PAT Growth QoQ: +175.0% (10% weight)
- Margins stable (10% weight)
- PEG Ratio: 1.9x vs sector median (15% weight)
- EV/EBITDA: 27.9x vs sector median (15% weight)
Is B-Right RealEstate Ltd debt free?
B-Right RealEstate Ltd has a debt-to-equity ratio of N/A.
- Total Debt: ₹187 Cr
What is B-Right RealEstate Ltd's return on equity (ROE) and ROCE?
B-Right RealEstate Ltd's return ratios over recent years
- FY2024: ROCE 4.0%
- FY2025: ROCE 5.0%
- FY2026: ROCE 22.0%
Is B-Right RealEstate Ltd's cash flow positive?
B-Right RealEstate Ltd's operating cash flow is positive (FY2026).
- Cash from Operations (CFO): ₹10 Cr
- Free Cash Flow (FCF): ₹-77 Cr
- CFO/PAT Ratio: 22% (weak cash conversion)
What is B-Right RealEstate Ltd's dividend yield?
B-Right RealEstate Ltd currently does not pay a significant dividend (yield 0.00%).
- Dividend Yield: 0.00%
- Current Price: ₹960
Who holds B-Right RealEstate Ltd shares — promoters, FII, DII?
B-Right RealEstate Ltd's shareholding pattern (Mar 2026)
- Promoters: 73.2%
- FII (Foreign): 1.4%
- Public: 25.4%
Is promoter holding increasing or decreasing in B-Right RealEstate Ltd?
B-Right RealEstate Ltd's promoter holding has increased recently.
- Current Promoter Holding: 73.2% (Mar 2026)
- Previous Quarter: 72.2% (Sep 2025)
- Change: +1.00% (increasing — positive signal)
How long has B-Right RealEstate Ltd been outperforming Nifty 500?
B-Right RealEstate Ltd has been outperforming Nifty 500 for 12 consecutive weeks, indicating strong sustained outperformance.
Is B-Right RealEstate Ltd a new momentum entry or an established outperformer?
B-Right RealEstate Ltd is an established outperformer with 12 weeks of consecutive Nifty 500 outperformance.
What are the growth catalysts for B-Right RealEstate Ltd?
B-Right RealEstate Ltd has 4 key growth catalysts identified from recent earnings analysis
- Order Book Or Contract Wins — The company has 14 upcoming projects with a total Gross Development Value (GDV) exceeding ₹5,000 Cr.
- Operating Leverage Inflection — Revenue grew 34% while total expenditure only grew 3%, leading to margin expansion.
- Interest Cost Reduction Deleveraging — The company maintains a zero net-debt philosophy and is paying back construction finance.
- EBITDA growth of 202% YoY — Driven by higher revenue from operations and controlled expenditure growth of only 3%.
What are the key risks in B-Right RealEstate Ltd?
B-Right RealEstate Ltd has 1 key risk worth monitoring
- [MEDIUM] SRA and Redevelopment projects are subject to complex approval processes — The business model relies heavily on government approvals for SRA and redevelopment schemes.
What did B-Right RealEstate Ltd's management say in the latest earnings call?
In Q2 FY26, B-Right RealEstate Ltd's management highlighted
- "Khot Dongri SRA Project ( MALAD EAST ) B-RIGHT HOUSECON LLP Project to start in 6 months subject to approvals. [Previous Project Pipeline guidance]"
- "Expansion into Prime Mumbai Markets Strengthening presence across Dadar, Mahim, and Matunga, key growth corridors within the MMR region. [Initiative:..."
- "Project to start in 6 months subject to approvals. Approvals in Process. L.O.I., I.O.D., C.C. conversion in process. [Risk (regulatory): MEDIUM]"
What is B-Right RealEstate Ltd's management guidance for growth?
B-Right RealEstate Ltd's management has provided the following forward guidance for Project Life
- Revenue outlook: ₹1,294 Cr
- Margin outlook: Not Given
- Capex plan: Not Given for Not Given
- Management tone: bullish
What sector-specific metrics matter most for B-Right RealEstate Ltd?
B-Right RealEstate Ltd's most important sub-sector-specific KPIs from the latest concall
- Pre-Sales Value: ₹84.4 Cr — Driven by sales in projects like Nirvana and Ambika Nagar.
- Carpet Area Sold: 50,755 sq. ft. — Reflects the volume of sales achieved during the half-year period.
- Collections: ₹25.3 Cr — Healthy collection momentum from ongoing projects.
- Ongoing Salable Area: 617,271 sq. ft. — Total area under development across 7 ongoing projects.
- Upcoming Project Pipeline: 3,000,000+ sq. ft. — Strategic expansion into new micro-markets in Mumbai.
- Total Projected Revenue (Ongoing): ₹1,294 Cr — Estimated revenue from the current portfolio of 5 major ongoing projects.
Is B-Right RealEstate Ltd worth studying for long term investment?
Based on quantitative research signals, here is why B-Right RealEstate Ltd may be worth studying
- Earnings growing at +725.0% YoY
- Cash flow is positive — CFO ₹10 Cr
What is the investment thesis for B-Right RealEstate Ltd?
B-Right RealEstate Ltd investment thesis summary:
Research Signals (Bull Case)
- Revenue growing at +79.4% YoY
- Growth catalyst: Order Book Or Contract Wins
Risk Factors (Bear Case)
- Appears overvalued
- Key risk: SRA and Redevelopment projects are subject to complex approval processes
What is the future outlook for B-Right RealEstate Ltd?
B-Right RealEstate Ltd's forward outlook based on current data signals
- Earnings Trend: turning around (inflection up)
- Revenue Trend: stable
- Margin Trend: volatile
- Valuation: Overvalued
- Key Catalyst: Order Book Or Contract Wins
- Key Risk: SRA and Redevelopment projects are subject to complex approval processes
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.