Models

Source: Visible Alpha consensus via S&P Xpressfeed · Consensus as of 2026-07-08 · generated 2026-07-21.

Model trust

Five contributors is a workable but modest panel, and coverage thins sharply below the headline lines, where many drivers sit at just one to three brokers.

Base currency: INR · VA scales normalized from Abs, M; item currencies and units retained · Coverage depth and vintage; broker count is the maximum represented.

Brokers	Line items	Last revision
5	349	2026-07-08

Operating KPIs

The company-specific operating detail is fragmented across dozens of project-level lines — area sold in square feet and cash collections — most carried by only one to three brokers, so no single operating driver reads as consensus. The consolidated revenue line (three to five brokers) is the more reliable gauge, with EBITDA margin modeled to widen from 26.8% in FY2026 to 29.5% by FY2028.

Base currency: INR · VA scales normalized from Abs, M; item currencies and units retained · FY-1A / FY0E / FY+1E; broker count shown per KPI.

Operating KPI	Source	FY-1A	FY0E	FY+1E	Brokers
Cash and cash equivalents, net	CD	—	4,400,216.03bn Amount	4,217,771.43bn Amount	5
Cost of revenue	CD	—	5,859,629.66bn Amount	7,087,335.15bn Amount	5
Depreciation and amortisation expense	CD	—	147,284.93bn Amount	167,141.01bn Amount	5
Employee benefits expense	CD	—	1,150,954.71bn Amount	1,440,967.86bn Amount	5
Finance costs	CD	—	-674,542.91bn Amount	-713,899.40bn Amount	5
Inventories	CD	—	60,096,234.20bn Amount	81,035,980.70bn Amount	5
Other expenses	CD	—	1,535,291.35bn Amount	1,581,673.31bn Amount	5
Other income	CD	—	471,814.77bn Amount	482,784.46bn Amount	5
Profit/(loss) before tax	CD	—	2,782,716.88bn Amount	3,717,807.19bn Amount	5
Profit/(loss) before tax and share of profit(loss) of joint venture	CD	—	2,777,367.38bn Amount	3,717,437.19bn Amount	5
Profit/(loss) for the period year	CD	—	2,012,640.25bn Amount	2,751,494.28bn Amount	5
Revenue from operations	CD	—	11,673,256.17bn Amount	14,225,669.46bn Amount	5

P&L bridge

Base currency: INR · VA scales normalized from Abs, M; item currencies and units retained · Margins are derived against revenue; YoY compares adjacent fiscal columns; broker count shown per line.

P&L line	FY-1A	FY0E	FY+1E	Brokers
Revenue	—	11,673,256.17bn Amount	14,225,669.46bn Amount (21.9% YoY)	5
Gross Profit	—	5,813,626.51bn Amount (49.8% margin)	7,138,334.31bn Amount (50.2% margin; 22.8% YoY)	5
Ebitda	—	3,127,380.45bn Amount (26.8% margin)	4,115,693.13bn Amount (28.9% margin; 31.6% YoY)	5
Operating Income	—	2,980,095.52bn Amount (25.5% margin)	3,948,552.13bn Amount (27.8% margin; 32.5% YoY)	5
Net Income	—	2,012,640.25bn Amount (17.2% margin)	2,751,494.28bn Amount (19.3% margin; 36.7% YoY)	5
Eps	—	14.82 Amount	18.69 Amount (26.1% YoY)	5

Consensus dispersion

Base currency: INR · VA scales normalized from Abs, M; item currencies and units retained · Top high-low spreads relative to absolute mean; requires at least 3 brokers.

Line item	Period	Mean	Min	Q1	Q3	Max	Spread / mean	Brokers
Cash and cash equivalents, net	FY-2028	3,764,288.60bn Amount	1,207,680.15bn Amount	1,210,458.12bn Amount	5,509,025.01bn Amount	8,934,530.11bn Amount	205.3%	5
Cash and cash equivalents, net	FY-2027	4,217,771.43bn Amount	1,052,546.41bn Amount	1,082,399.54bn Amount	6,656,215.56bn Amount	9,702,038.38bn Amount	205.1%	5
Cash and cash equivalents, net	FY-2026	4,400,216.03bn Amount	1,682,057.07bn Amount	2,228,877.61bn Amount	5,980,325.87bn Amount	8,300,832.13bn Amount	150.4%	4
Other expenses	4QFY-2026	684,258.70bn Amount	435,163.14bn Amount	441,698.58bn Amount	808,806.47bn Amount	1,169,378.93bn Amount	107.3%	3
Net income/(loss), Applicable to common stockholders	4QFY-2026	614,625.27bn Amount	220,386.29bn Amount	510,614.17bn Amount	811,744.75bn Amount	822,647.47bn Amount	98.0%	3
Profit/(loss) for the period year	4QFY-2026	614,625.27bn Amount	220,386.29bn Amount	510,614.17bn Amount	811,744.75bn Amount	822,647.47bn Amount	98.0%	3

Quarterly path

With one contributor, treat the sequence as one house's trajectory rather than a consensus inflection.

Base currency: INR · VA scales normalized from Abs, M; item currencies and units retained · Next four supplied quarters; final column is maximum broker coverage in the row.

Quarter	Cash and cash equivalents, net	Cost of revenue	Depreciation and amortisation expense	Employee benefits expense	Finance costs	Total revenue	EPS Diluted, Applicable to common stockholders(INR)	Broker coverage
2QFY-2027	—	1,630,510.21bn Amount	40,803.43bn Amount	379,001.87bn Amount	-207,841.63bn Amount	3,295,668.42bn Amount	3.79 Amount	1
3QFY-2027	—	1,843,185.46bn Amount	42,400.07bn Amount	391,181.51bn Amount	-208,872.64bn Amount	3,725,538.22bn Amount	4.78 Amount	1
4QFY-2027	—	2,197,644.20bn Amount	44,392.47bn Amount	405,171.82bn Amount	-214,507.59bn Amount	4,441,987.88bn Amount	6.41 Amount	1

395 stale period values omitted; 23 line items fully removed.