OSWALGREEN - Oswal Green Tech

📊 NSE: OSWALGREEN 🏢 Finance & Investments 📅 Last Updated: 12/14/2025 10:48

💰 Financial Performance

Revenue Growth by Segment

Revenue from operations grew 18.63% YoY, reaching INR 65.96 Cr in FY25 compared to INR 55.60 Cr in FY24, primarily driven by higher revenue recognition from completed real estate projects.

Profitability Margins

Net Profit Margin improved from 7% to 9% YoY due to cost optimization. Operating Profit Margin slightly decreased from 12% to 11% despite higher revenue, reflecting increased operational expenses.

EBITDA Margin

EBITDA margin is approximately 21.7% (INR 14.33 Cr) for FY25, supported by cost optimization initiatives and prudent resource allocation in the real estate segment.

Capital Expenditure

Property, Plant & Equipment stood at INR 116.62 Cr as of March 31, 2025, a slight decrease from INR 118.43 Cr in the previous year, indicating minimal new capital expenditure.

Credit Rating & Borrowing

Debt-equity ratio is listed as Not Applicable, suggesting a zero or negligible debt position; finance costs were INR 0.96 Cr, up 40% YoY from INR 0.69 Cr.

⚙️ Operational Drivers

Raw Materials

Construction materials including cement, steel, and bricks (standard for residential and commercial real estate segments), though specific percentage of total cost is not disclosed.

Capacity Expansion

Current operations focus on completed and ongoing residential and commercial projects; specific MT/unit capacity is not disclosed.

Raw Material Costs

Changes in inventories of stock-in-trade and work-in-progress resulted in an expense of INR 38.17 Cr in FY25, compared to a credit of INR 53.98 Cr in FY24, impacting project margins.

Manufacturing Efficiency

Operational efficiency improved through cost optimization and better sales velocity, contributing to a 33.9% increase in Net Profit to INR 8.53 Cr.

📈 Strategic Growth

Expected Growth Rate

18.63%

Growth Strategy

The company aims to leverage market opportunities through strategic project launches in residential and commercial segments, enhanced customer service, and sustainable development practices while maintaining financial discipline.

Products & Services

Residential and commercial real estate units, investment property management, and financial investments in mutual funds.

Brand Portfolio

Oswal Greentech, Abhey Oswal Group.

Market Expansion

Aims to leverage growth in both residential and commercial segments through strategic project launches.

🌍 External Factors

Industry Trends

The real estate sector outlook is optimistic with anticipated growth in residential and commercial segments; the company is positioning itself through sustainable development practices.

Competitive Landscape

Exposed to market and competition risks within the real estate industry, requiring focused project management and cost control.

Competitive Moat

Moat is built on high liquidity (Current Ratio of 31.79) and a strong balance sheet with INR 2,243.19 Cr in equity, providing a durable advantage for project funding and execution.

Macro Economic Sensitivity

Highly sensitive to domestic economic cycles and interest rates which affect real estate demand and project execution timelines.

Consumer Behavior

Strong demand environment noted in residential and commercial segments, driving better sales velocity.

Geopolitical Risks

Identified global geopolitical shifts as an important factor that could influence the company's operations and input prices.

⚖️ Regulatory & Governance

Industry Regulations

Subject to Real Estate (Regulation and Development) Act (RERA) and Companies Act 2013; auditor noted non-compliance with Rule 11(g) as the audit trail feature was not enabled in accounting software.

Taxation Policy Impact

Deferred tax assets recognized for long-term capital losses on sale of investments to the extent of expected capital gains from investment property disposal.

Legal Contingencies

Pending litigations are disclosed in Note 44; the company also manages inherent uncertainties in forecasting future taxable long-term capital gains for deferred tax recognition.