- Valuation
- ₹9,650 Cr

About Valor Estate Limited
Data last updated:
Valor Estate Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 08 January 2007 and has been in existence for over 19 years.
Its director Vinod K Goenka is #1,374 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L70200MH2007PLC166818. Its GSTIN is 27AACCD5174F1ZQ (Maharashtra). It is a listed company as per MCA records. Its shares are listed on BSE: 533160 and NSE: DBREALTY.
The company has an authorised share capital of ₹1,000 Cr and a paid-up capital of ₹542.41 Cr. It was formerly known as D B Realty Private Limited and D B Realty Private Limited. It is led by directors including Shahid Usman Balwa (Managing Director) and Vinod Kumar Goenka (Managing Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mumbai, Maharashtra.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹1,593.27 Cr, a growth of 40.6% compared to the previous year. For the same year it recorded a net loss of ₹10.43 Cr (net margin -0.7%) and EBITDA of ₹24.95 Cr (EBITDA margin 1.6%). The net worth stands at ₹4,091.72 Cr (down 17.6% YoY). Total assets are valued at ₹4,930.18 Cr (down 29.6% YoY).
Its group structure includes 18 subsidiaries.
The company is associated with 2 brands: Valor Estate Limited and DB Realty. As per MCA filings, the company has open charges of ₹4,325.78 Cr and satisfied charges of ₹6,249.2 Cr on record. Court records list 63 cases involving the company, including 18 filed by the company and 45 filed against it; 10 cases are pending. The company has 29 deals on record (21 market trades, 3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹3,207.86 Cr; the latest was in April 2025. The company has 8 MSME Form 1 returns on record between 2018 and 2024, listing 13 overdue payments to 3 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website dbrealty.co.in.
Company details
Name history
Valor Estate has undergone 2 name changes throughout its history. The company was previously known as D B Realty Private Limited, and D B Realty Private Limited. The current legal name is Valor Estate Limited.
| Company Name | Status |
|---|---|
| Valor Estate Limited | Current |
| D B Realty Private Limited | Previous |
| D B Realty Private Limited | Previous |
CIN history
Valor Estate has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L70200MH2007PLC166818, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L70200MH2007PLC166818 | Current |
| U70200MH2007PLC166818 | Previous |
| U70200MH2007PTC166818 | Previous |
Recognitions & Rankings of Valor Estate
- #1,374 Vinod K Goenka ₹1,600 Cr
Contact details
Valor Estate Limited's registered office is in Mumbai, Maharashtra. Its website is dbrealty.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address7th Floor Resham Bhavan, Veer Nariman Road Churchgate, Mumbai, Maharashtra, India – 400020
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Valor Estate Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Valor Estate operates two associated brands: Valor Estate Limited and DB Realty. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Developer of residential, commercial, and gated community real estate projects | dbrealty.co.in | |
| Real estate development and services in Mumbai. | dbrealty.in |
Business activity
The main business activity of Valor Estate is real estate activities. In detail, this covers real estate activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real estate activities | 68 | Real estate activities |
To see the full business activity and turnover split of Valor Estate Limited, buy the company report.
Financials of Valor Estate Limited
FY 2025-26 filings availableValor Estate Limited reported revenue of ₹1,593.27 Cr (up 40.6% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,593 | 1,133 | 357 | 698 | 219 | 24.56 | 169 |
| Revenue growth | +40.6% | +217.0% | -48.8% | +218.2% | +793.4% | -85.5% | - |
| EBITDA | 24.95 | (119) | (1.69) | (718) | (126) | (109) | (256) |
| EBITDA margin | +1.6% | -10.5% | -0.5% | -102.8% | -57.5% | -445.4% | -151.2% |
| Profit before tax | 52.88 | (191) | 1,372 | (60.54) | 142 | (162) | (401) |
| Net profit | (10.43) | (126) | 1,243 | (633) | (334) | (341) | (399) |
| Net profit margin | -0.7% | -11.1% | +347.8% | -90.6% | -152.1% | -1389.4% | -235.7% |
| EPS (₹) | 0.50 | (2.33) | 24.53 | (2.57) | 1.04 | (6.98) | (17.20) |
| Balance sheet | |||||||
| Total assets | 4,930 | 7,005 | 7,530 | 5,182 | 5,549 | 3,854 | 3,776 |
| Net worth | 4,092 | 4,964 | 5,078 | 2,207 | 1,947 | 1,379 | 1,621 |
| Total debt | 751 | 1,830 | 2,160 | 2,909 | 3,662 | 2,458 | 2,128 |
| Cash & bank | 76.82 | 122 | 806 | 61.96 | 112 | 20.38 | 12.15 |
| Net working capital | 1,365 | 1,964 | 3,148 | 2,126 | 2,920 | 1,783 | 1,552 |
| Cash flow | |||||||
| Cash from operations | 939 | 540 | 237 | 96.34 | (267) | 95.20 | 227 |
| Cash from investing | (341) | (689) | 486 | (200) | 275 | (165) | (160) |
| Cash from financing | (580) | (595) | 18.04 | 51.70 | 86.22 | 75.45 | (62.57) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 156 | 111 | 86.91 | 529 | 137 | 840 | 537 | 330 |
| Revenue growth (YoY) | +14.3% | -86.8% | -83.8% | +60.6% | +3832.5% | - | - | - |
| Other income | 14.84 | 7.69 | 50.61 | 6.72 | 1.35 | 75.25 | 34.55 | 10.55 |
| EBITDA | 25.17 | 23.06 | (78.78) | 90.28 | 42.32 | (29.93) | (22.64) | 17.94 |
| EBITDA margin | +16.1% | +20.8% | -90.6% | +17.1% | +30.9% | -3.6% | -4.2% | +5.4% |
| Depreciation | 1.49 | 1.47 | 3.86 | 1.21 | 0.17 | 0.47 | 0.47 | 13.72 |
| Interest | 33.97 | 30.47 | 26.72 | 25.11 | 29.12 | 18.29 | 12.50 | 27.26 |
| Profit before tax | 4.55 | (1.19) | (58.75) | 70.68 | 14.38 | 26.56 | (1.06) | (12.49) |
| Tax | (3.84) | 0.14 | 0.15 | 8.44 | 4.42 | 12.84 | 0.49 | (20.41) |
| Net profit | 8.39 | (1.33) | (58.90) | 62.24 | 9.96 | 13.72 | (1.55) | 7.92 |
| EPS (₹) | 0.13 | (0.02) | (1.09) | 1.15 | 0.19 | 0.23 | (0.04) | 0.08 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 529 | 4.08 | 8.72 | 3.58 | 3.85 | 0.18 | 0.46 |
| Revenue growth | - | -53.2% | +143.6% | -7.0% | +2038.9% | -60.9% | - |
| EBITDA | 113 | (271) | (102) | (34.93) | (257) | (59.84) | (73.02) |
| EBITDA margin | +21.4% | -6632.1% | -1170.8% | -975.7% | -6674.0% | - | - |
| Profit before tax | 93.93 | (185) | 874 | 55.56 | (27.15) | 108 | (148) |
| Net profit | 87.51 | (186) | 718 | 35.17 | (280) | (73.98) | (145) |
| Net profit margin | +16.5% | -4561.0% | +8238.5% | +982.4% | -7275.1% | - | - |
| EPS (₹) | 1.62 | (3.49) | 14.90 | 1.00 | (2.90) | 3.66 | (5.99) |
| Balance sheet | |||||||
| Total assets | 4,797 | 5,801 | 6,168 | 4,139 | 3,786 | 3,291 | 3,299 |
| Net worth | 4,679 | 5,534 | 5,813 | 3,300 | 2,926 | 2,484 | 2,402 |
| Total debt | 116 | 266 | 355 | 839 | 860 | 806 | 896 |
| Cash & bank | 2.14 | 1.21 | 674 | 17.70 | 75.06 | 0.55 | 0.59 |
| Net working capital | 1,384 | 1,337 | 2,586 | 1,764 | 1,452 | 817 | 775 |
| Cash flow | |||||||
| Cash from operations | 782 | 4.49 | (14.59) | 35.66 | 95.32 | 163 | 36.99 |
| Cash from investing | (731) | (475) | (353) | (427) | (400) | (136) | (59.12) |
| Cash from financing | (50.42) | (201) | 1,024 | 332 | 380 | (26.72) | 21.91 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.00 | 0.00 | 0.00 | 454 | 75.55 | 0.00 | 0.00 | 0.00 |
| Revenue growth (YoY) | -100.0% | - | - | - | - | - | - | - |
| Other income | 1.43 | 2.29 | 1.13 | 1.12 | (4.48) | 6.95 | 13.58 | 7.29 |
| Total expenses | 2.30 | 6.83 | 70.92 | 325 | 9.75 | 9.96 | 88.40 | 9.96 |
| EBITDA | (2.30) | (6.83) | (70.92) | 128 | 65.80 | (9.96) | (88.40) | (9.96) |
| EBITDA margin | - | - | - | +28.3% | +87.1% | - | - | - |
| Depreciation | 1.05 | 1.04 | 0.98 | 1.08 | 0.03 | 0.03 | 0.03 | 0.03 |
| Interest | 25.37 | 15.87 | 5.42 | 7.35 | 6.83 | 2.40 | 2.13 | 2.12 |
| Profit before tax | (27.29) | (21.45) | (76.19) | 121 | 54.46 | (5.44) | (76.98) | (4.82) |
| Tax | (3.50) | 0.25 | 1.11 | 5.30 | (0.76) | 0.77 | 0.17 | (1.22) |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 156 | 111 | 86.91 | 529 | 137 | 840 | 537 | 330 |
| Revenue growth (YoY) | +14.3% | -86.8% | -83.8% | +60.6% | +3832.5% | - | - | - |
| Other income | 14.84 | 7.69 | 50.61 | 6.72 | 1.35 | 75.25 | 34.55 | 10.55 |
| EBITDA | 25.17 | 23.06 | (78.78) | 90.28 | 42.32 | (29.93) | (22.64) | 17.94 |
| EBITDA margin | +16.1% | +20.8% | -90.6% | +17.1% | +30.9% | -3.6% | -4.2% | +5.4% |
| Depreciation | 1.49 | 1.47 | 3.86 | 1.21 | 0.17 | 0.47 | 0.47 | 13.72 |
| Interest | 33.97 | 30.47 | 26.72 | 25.11 | 29.12 | 18.29 | 12.50 | 27.26 |
| Profit before tax | 4.55 | (1.19) | (58.75) | 70.68 | 14.38 | 26.56 | (1.06) | (12.49) |
| Tax | (3.84) | 0.14 | 0.15 | 8.44 | 4.42 | 12.84 | 0.49 | (20.41) |
| Net profit | 8.39 | (1.33) | (58.90) | 62.24 | 9.96 | 13.72 | (1.55) | 7.92 |
| EPS (₹) | 0.13 | (0.02) | (1.09) | 1.15 | 0.19 | 0.23 | (0.04) | 0.08 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,593 | 1,133 | 357 | 698 | 219 | 24.56 | 169 |
| Revenue growth | +40.6% | +217.0% | -48.8% | +218.2% | +793.4% | -85.5% | - |
| Other income | 133 | 74.30 | 1,483 | 712 | 555 | 283 | 117 |
| Total expenses | 1,568 | 1,252 | 359 | 1,416 | 346 | 134 | 425 |
| Employee cost | 0.00 | 89.30 | 42.53 | 12.61 | 6.84 | 8.65 | 10.93 |
| EBITDA | 24.95 | (119) | (1.69) | (718) | (126) | (109) | (256) |
| EBITDA margin | +1.6% | -10.5% | -0.5% | -102.8% | -57.5% | -445.4% | -151.2% |
| Depreciation | 5.71 | 53.04 | 26.07 | 0.42 | 0.69 | 1.32 | 1.19 |
| Interest | 99.23 | 92.90 | 83.31 | 54.41 | 286 | 334 | 261 |
| Profit before tax | 52.88 | (191) | 1,372 | (60.54) | 142 | (162) | (401) |
| Tax | 25.85 | (72.75) | 54.59 | 29.47 | 121 | 5.03 | 38.82 |
| Net profit | (10.43) | (126) | 1,243 | (633) | (334) | (341) | (399) |
| Net profit margin | -0.7% | -11.1% | +347.8% | -90.6% | -152.1% | -1389.4% | -235.7% |
| EPS (₹) | 0.50 | (2.33) | 24.53 | (2.57) | 1.04 | (6.98) | (17.20) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 542 | 609 | 601 | 422 | 318 | 286 | 306 |
| Reserves & surplus | 3,549 | 4,355 | 4,477 | 1,534 | 1,261 | 1,093 | 1,314 |
| Shareholders' funds (net worth) | 4,092 | 4,964 | 5,078 | 2,207 | 1,947 | 1,379 | 1,621 |
| Minority interest | (36.21) | 78.85 | 71.30 | (67.48) | (125) | (120) | (170) |
| Secured loans | 1,197 | 1,973 | 1,643 | 2,008 | 2,944 | 1,420 | 1,817 |
| Unsecured loans | (446) | (143) | 517 | 900 | 718 | 1,038 | 311 |
| Total debt | 751 | 1,830 | 2,160 | 2,909 | 3,662 | 2,458 | 2,128 |
| Total liabilities | 4,930 | 7,005 | 7,530 | 5,182 | 5,549 | 3,854 | 3,776 |
| Assets | |||||||
| Gross block | 183 | 2,521 | 2,474 | 96.63 | 106 | 175 | 232 |
| Net block | 161 | 2,427 | 2,429 | 72.12 | 75.02 | 153 | 212 |
| Capital work in progress | 0.00 | 6.38 | 9.95 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 365 | 1,290 | 800 | 1,728 | 1,564 | 1,399 | 1,510 |
| Inventories | 1,456 | 2,331 | 2,958 | 2,582 | 3,348 | 2,381 | 2,159 |
| Sundry debtors | 282 | 252 | 82.69 | 68.55 | 223 | 74.61 | 84.00 |
| Cash & bank balances | 76.82 | 122 | 806 | 61.96 | 112 | 20.38 | 12.15 |
| Loans & advances | 980 | 573 | 628 | 2,679 | 2,448 | 2,797 | 2,218 |
| Total current assets | 2,794 | 3,278 | 4,475 | 5,392 | 6,131 | 5,273 | 4,473 |
| Total current liabilities | 1,429 | 1,314 | 1,327 | 3,266 | 3,212 | 3,490 | 2,921 |
| Net working capital | 1,365 | 1,964 | 3,148 | 2,126 | 2,920 | 1,783 | 1,552 |
| Total assets | 4,930 | 7,005 | 7,530 | 5,182 | 5,549 | 3,854 | 3,776 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 37.19 | 781 | 39.56 | 91.10 | (3.01) | 7.24 | 2.42 |
| Net cash from operating activities | 939 | 540 | 237 | 96.34 | (267) | 95.20 | 227 |
| Net cash from investing activities | (341) | (689) | 486 | (200) | 275 | (165) | (160) |
| Net cash from financing activities | (580) | (595) | 18.04 | 51.70 | 86.22 | 75.45 | (62.57) |
| Net change in cash | 17.13 | (743) | 741 | (51.54) | 94.12 | 5.24 | 4.82 |
| Closing cash | 76.82 | 122 | 806 | 61.96 | 112 | 20.38 | 12.15 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +40.6% | +217.0% | -48.8% | +218.2% | +793.4% | -85.5% | - |
| EBITDA growth | +120.9% | -6949.7% | +99.8% | -469.3% | -15.3% | +57.2% | - |
| PBT growth | +9998.0% | - | +9998.0% | - | +9998.0% | +59.6% | -35.2% |
| Net income growth | +91.7% | -110.1% | +296.5% | -89.6% | +2.2% | +14.4% | - |
| Revenue CAGR (3Y) | +31.7% | +51.7% | +144.2% | +60.4% | -15.6% | -41.1% | +6.3% |
| EBITDA CAGR (3Y) | - | +28.9% | -75.1% | +41.1% | -18.1% | -30.9% | +39.4% |
| Profitability & leverage | |||||||
| Net income margin | +1.7% | -15.4% | +368.5% | -12.9% | +9.9% | -679.4% | -259.8% |
| Return on capital employed | +1.5% | 0.0% | +22.7% | 0.0% | -1.0% | 0.0% | 0.0% |
| Return on net worth | -1.3% | 0.0% | +36.2% | 0.0% | -15.5% | 0.0% | 0.0% |
| Debt / equity | 0.28 | 0.40 | 0.70 | 1.58 | 1.84 | 1.53 | 1.06 |
| Long-term debt / equity | 0.26 | 0.31 | 0.36 | 0.75 | 1.01 | 0.88 | 0.64 |
| Interest cover | 515.75 | -11.64 | -300.11 | -7.57 | -225.35 | -301.52 | -101.56 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.18 | 0.31 | 0.28 | 6.89 | 1.56 | 0.12 | 0.55 |
| Inventory turnover | 0.84 | 0.29 | 0.13 | 0.24 | 0.08 | 0.01 | 0.08 |
| Debtors turnover | 5.97 | 4.58 | 4.73 | 4.78 | 1.47 | 0.31 | 1.94 |
| EPS (₹) | 0.47 | (2.33) | 24.53 | (2.57) | 1.04 | (6.98) | (17.20) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 75.44 | 90.87 | 93.25 | 53.57 | 58.66 | 54.91 | 64.02 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.00 | 0.00 | 0.00 | 454 | 75.55 | 0.00 | 0.00 | 0.00 |
| Revenue growth (YoY) | -100.0% | - | - | - | - | - | - | - |
| Other income | 1.43 | 2.29 | 1.13 | 1.12 | (4.48) | 6.95 | 13.58 | 7.29 |
| Total expenses | 2.30 | 6.83 | 70.92 | 325 | 9.75 | 9.96 | 88.40 | 9.96 |
| EBITDA | (2.30) | (6.83) | (70.92) | 128 | 65.80 | (9.96) | (88.40) | (9.96) |
| EBITDA margin | - | - | - | +28.3% | +87.1% | - | - | - |
| Depreciation | 1.05 | 1.04 | 0.98 | 1.08 | 0.03 | 0.03 | 0.03 | 0.03 |
| Interest | 25.37 | 15.87 | 5.42 | 7.35 | 6.83 | 2.40 | 2.13 | 2.12 |
| Profit before tax | (27.29) | (21.45) | (76.19) | 121 | 54.46 | (5.44) | (76.98) | (4.82) |
| Tax | (3.50) | 0.25 | 1.11 | 5.30 | (0.76) | 0.77 | 0.17 | (1.22) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 529 | 4.08 | 8.72 | 3.58 | 3.85 | 0.18 | 0.46 |
| Revenue growth | - | -53.2% | +143.6% | -7.0% | +2038.9% | -60.9% | - |
| Other income | 4.72 | 93.78 | 987 | 106 | 311 | 328 | 49.35 |
| Total expenses | 416 | 275 | 111 | 38.51 | 261 | 60.02 | 73.48 |
| Employee cost | 0.00 | 15.55 | 2.42 | 2.70 | 1.06 | 1.93 | 3.32 |
| EBITDA | 113 | (271) | (102) | (34.93) | (257) | (59.84) | (73.02) |
| EBITDA margin | +21.4% | -6632.1% | -1170.8% | -975.7% | -6674.0% | - | - |
| Depreciation | 2.12 | 0.12 | 0.15 | 0.13 | 0.17 | 0.78 | 0.47 |
| Interest | 22.01 | 8.40 | 10.92 | 15.14 | 80.96 | 160 | 124 |
| Profit before tax | 93.93 | (185) | 874 | 55.56 | (27.15) | 108 | (148) |
| Tax | 6.42 | 2.78 | 72.76 | 20.39 | 47.99 | 18.85 | (2.51) |
| Net profit | 87.51 | (186) | 718 | 35.17 | (280) | (73.98) | (145) |
| Net profit margin | +16.5% | -4561.0% | +8238.5% | +982.4% | -7275.1% | - | - |
| EPS (₹) | 1.62 | (3.49) | 14.90 | 1.00 | (2.90) | 3.66 | (5.99) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 542 | 538 | 597 | 405 | 307 | 286 | 243 |
| Reserves & surplus | 4,136 | 4,996 | 5,216 | 2,644 | 2,250 | 2,197 | 2,159 |
| Shareholders' funds (net worth) | 4,679 | 5,534 | 5,813 | 3,300 | 2,926 | 2,484 | 2,402 |
| Secured loans | 0.00 | 0.00 | 0.00 | 275 | 303 | 469 | 532 |
| Unsecured loans | 116 | 266 | 355 | 563 | 557 | 337 | 364 |
| Total debt | 116 | 266 | 355 | 839 | 860 | 806 | 896 |
| Total liabilities | 4,797 | 5,801 | 6,168 | 4,139 | 3,786 | 3,291 | 3,299 |
| Assets | |||||||
| Gross block | 76.35 | 5.38 | 7.60 | 8.91 | 8.34 | 17.04 | 17.04 |
| Net block | 70.54 | 1.33 | 1.41 | 1.47 | 1.03 | 2.78 | 3.56 |
| Capital work in progress | 0.00 | 162 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 568 | 1,374 | 3,104 | 2,105 | 2,073 | 2,124 | 2,184 |
| Inventories | 348 | 332 | 396 | 341 | 321 | 297 | 290 |
| Sundry debtors | 15.55 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.05 |
| Cash & bank balances | 2.14 | 1.21 | 674 | 17.70 | 75.06 | 0.55 | 0.59 |
| Loans & advances | 2,002 | 1,320 | 1,759 | 1,788 | 1,453 | 991 | 773 |
| Total current assets | 2,367 | 1,653 | 2,830 | 2,147 | 1,849 | 1,288 | 1,063 |
| Total current liabilities | 983 | 316 | 244 | 383 | 397 | 471 | 288 |
| Net working capital | 1,384 | 1,337 | 2,586 | 1,764 | 1,452 | 817 | 775 |
| Total assets | 4,797 | 5,801 | 6,168 | 4,139 | 3,786 | 3,291 | 3,299 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.63 | 672 | 15.35 | 74.92 | 0.45 | 0.49 | 0.70 |
| Net cash from operating activities | 782 | 4.49 | (14.59) | 35.66 | 95.32 | 163 | 36.99 |
| Net cash from investing activities | (731) | (475) | (353) | (427) | (400) | (136) | (59.12) |
| Net cash from financing activities | (50.42) | (201) | 1,024 | 332 | 380 | (26.72) | 21.91 |
| Net change in cash | 0.86 | (671) | 656 | (59.58) | 74.48 | (0.04) | (0.22) |
| Closing cash | 2.14 | 1.21 | 674 | 17.70 | 75.06 | 0.55 | 0.59 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | - | -53.2% | +143.6% | -7.0% | +2038.9% | -60.9% | - |
| EBITDA growth | +141.9% | -165.1% | -192.3% | +86.4% | -329.4% | +18.1% | - |
| PBT growth | +9998.0% | - | +1473.7% | +9998.0% | - | +9998.0% | -27.1% |
| Net income growth | +147.0% | -125.9% | +1942.7% | +112.6% | -278.6% | +49.1% | - |
| Revenue CAGR (3Y) | +428.7% | -100.0% | +264.5% | +98.2% | -2.8% | -64.6% | -70.6% |
| EBITDA CAGR (3Y) | - | -1.0% | +19.5% | -21.8% | +45.7% | -30.1% | +28.6% |
| Profitability & leverage | |||||||
| Net income margin | +16.5% | - | +9192.2% | +982.4% | -1951.7% | - | - |
| Return on capital employed | +2.8% | -3.0% | +15.2% | +1.8% | 0.0% | +2.6% | 0.0% |
| Return on net worth | +2.3% | -3.3% | +15.7% | +1.1% | 0.0% | -3.0% | 0.0% |
| Debt / equity | 0.04 | 0.05 | 0.13 | 0.27 | 0.31 | 0.35 | 0.32 |
| Long-term debt / equity | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 20.19 | -3.36 | -10.68 | -43.18 | -31.49 | -263.49 | -168.73 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 12.95 | 0.00 | 1.06 | 0.42 | 0.30 | 0.01 | 0.02 |
| Inventory turnover | 1.56 | 0.00 | 0.02 | 0.01 | 0.01 | 0.00 | 0.00 |
| Debtors turnover | 68.06 | 0.00 | 0.00 | 0.00 | 0.00 | 7.20 | 0.59 |
| EPS (₹) | 1.61 | (3.49) | 14.90 | 1.00 | (2.90) | 3.66 | (5.99) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 86.26 | 102.78 | 106.99 | 85.09 | 96.86 | 100.33 | 98.76 |
To see the full year-wise statements and ratios of Valor Estate Limited, buy the company report.
Board of directors of Valor Estate Limited
Valor Estate has 6 current directors and 25 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shahid Usman Balwa Also directs: Worli Urban Development Project LLP | Managing Director | 10 Dec 2011 | 14 Years 11 Months | Current |
| Vinod Kumar Goenka Also directs: Top Notch Buildcon LLP, Sahyadri Agri Developers Private Limited, Dense Wood Pvt Ltd and 5 more | Managing Director | 08 Jan 2007 | 19 Years 10 Months | Current |
| Maryam Khan | Director | 14 Aug 2018 | 8 Years 2 Months | Current |
| Nabil Yusuf Patel Also directs: DB Realty and Shreepati Infrastructures LLP, Bimal Paints Private Limited, Blue Crest Erectors Private Limited and 5 more | Whole-Time Director | 15 Sep 2020 | 6 Years 1 Months | Current |
| Rajeev Ra Also directs: Advent Hotels International Limited, Authum Investment & Infrastructure Limited, Revolgo E-Bikes Private Limited and 1 more | Director | 27 Sep 2024 | 2 Years 1 Months | Current |
| Sundaram Vidyatheertha Rajagopal Also directs: Sundaram Architects Private Limited, Profemology Private Limited | Director | 12 Feb 2026 | 0 Years 8 Months | Current |
Auditor
Valor Estate Limited is audited by N. A. Shah Associates LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N. A. Shah Associates LLP | FY 2025 | 116560W / W100149 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 47.20%, foreign institutional investors hold 4.80%, domestic institutional investors hold 0.40% and retail and other public shareholders hold 47.60%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 47.20% | 47.20% | 47.40% | 47.40% |
| Public | 52.80% | 52.80% | 52.60% | 52.60% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Mar 2026 | 101266419 | Others | ₹110 Cr | Open | |
| 11 Mar 2026 | 101267507 | Others | ₹110 Cr | Open | |
| 28 Dec 2021 | 100531597 | Idbi Trusteeship Services Limited | ₹1,300 Cr | Open | |
| 28 Dec 2021 | 100531609 | Idbi Trusteeship Services Limited | ₹1,300 Cr | Open | |
| 09 Sep 2019 | 100298436 | Others | ₹340 Cr | Open |
To see the full charge records of Valor Estate Limited, buy the company report.
Total charge records: 52 View all charges
Deals & funding
Valor Estate Limited has 29 deals on record (21 market trades, 3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹3,207.86 Cr; the latest was in April 2025.
Deals on record (5 of 29)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2025 | Market trade | ₹67.37 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Nov 2023 | Market trade | ₹73.78 Cr | Seller: V S Erectors & Builders Private Limited |
| Nov 2023 | Market trade | ₹97.72 Cr | Buyer: Authum Investment & Infrastructure Limited Seller: Vinod K Goenka Huf, Authum Investment & Infrastructure Limited |
| Nov 2023 | Market trade | ₹145.31 Cr | Buyer: Authum Investment & Infrastructure Limited Seller: Neelkamal Tower Construction LLP |
| Aug 2023 | Market trade | ₹101.6 Cr | Buyer: Authum Investment & Infrastructure Limited , Authum Investment & Infrastructure Limited Seller: 2 individuals |
To see the full deal history of Valor Estate Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Valor Estate Limited has 63 court cases on record: 18 filed by Valor Estate, 45 filed against it. 10 cases are pending and 53 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 43 | 35 | 9 |
| High courts | 20 | 10 | 1 |
Cases on record (5 of 63)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Writ petition | Filed by the company against The Synthetic and Rayon Textiles Export Promotion Council | Disposed |
| District court, Mumbai Small Causes Court, Maharashtra | Court case (TER) | Filed by the company against Synthetic and Art Silk Mills Association Limited and 1 other | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by individuals | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by individuals | Pending |
To see the full case history of Valor Estate Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Valor Estate Limited has 8 MSME Form 1 returns on record between 2018 and 2024, listing 13 overdue payments to 3 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| M. A. Parikh & Co. | |||
| Haribhakti & Co. LLP | |||
| Masani Engineering Company Private Limited |
To see the full MSME payment records of Valor Estate Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Valor Estate has 18 subsidiary companies and 6 associated companies. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Saifee Bucket Factory Private Limited | U27100MH1960PTC011822 | |
| Horizontal Ventures Private Limited( Formerly Known As Horizontal Realty and Aviation Private Limited) | U45100MH2007PTC173394 | |
| N. A. Estates Private Limted | U45200MH1996PTC100412 | |
| Neelkamal Shantinagar Properties Private Limited | U45200MH2005PTC155150 | |
| Mig (Bandra) Realtors and Builders Private Limited | U45200MH2007PTC172150 | |
| Real Gem Buildtech Private Limited | U45202MH2009PTC193816 |
To see the full group structure of Valor Estate Limited, buy the company report.
GST
Valor Estate has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCD5174F1ZQ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Valor Estate Limited, buy the company report.
Recent activity
Valor Estate Limited has 52 board changes on record since 2007: 29 appointments and 23 cessations. The latest: Sundaram Vidyatheertha Rajagopal was appointed as Director on 12 Feb 2026.
145 earlier events are in the company report.
News
Frequently asked questions
Valor Estate is an active public limited company based in Mumbai, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 08 January 2007 (19+ years old) and is registered under CIN L70200MH2007PLC166818. Listed on BSE: 533160 and NSE: DBREALTY.
Valor Estate reported revenue of ₹1,593.27 Cr for FY 2025-26 (up 40.6% YoY) based on consolidated financials.
Valor Estate has 6 current directors:
- Shahid Usman Balwa - Managing Director
- Vinod Kumar Goenka - Managing Director
- Nabil Yusuf Patel - Whole-Time Director
- Maryam Khan - Director
- Rajeev Ra - Director
- Sundaram Vidyatheertha Rajagopal - Director
The latest financial statements of Valor Estate on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Valor Estate is 27AACCD5174F1ZQ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Valor Estate is L70200MH2007PLC166818. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Valor Estate is a listed company as per MCA records. Its shares are listed on both BSE (code: 533160) and NSE (symbol: DBREALTY).
Valor Estate has 63 court cases on record: 18 filed by the company and 45 filed against it. 10 are pending. Most are in the district courts.
Valor Estate was incorporated on 08 January 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
Valor Estate has 29 deals on record (21 market trades, 3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹3,207.86 Cr; the latest was in April 2025.
Sundaram Vidyatheertha Rajagopal was appointed as Director on 12 Feb 2026. Rajeev Ra was appointed as Director on 27 Sep 2024. Jagat Anil Killawala ceased to be Director on 26 Sep 2024. Valor Estate has 52 board changes on record in total.

