Unique biz model, build residential and commercial property, sell them and use that money to build retail space (malls/multiplex) lease that space and earn lease rent year after year
Good land bank, all are single land parcels, which can be well developed as per project requirement, few land parcels are as big as 46 acres, which are not easy to get these days cheap
Out of 18 million sq ft, only 1.2 million sq ft developed till date, leaving huge earning visibility over next few years
Entire land bank is fully paid, hence no overhang of huge debt, only working capital required, which can be financed partly by lease income received from aurangabad mall
Tier 2 tier 3 growth story, prices in tier 2 and tier 3 cities have remained somewhat stable in last few years, land rates have increased considerably for few locations such as nagpur and indore
Quick selling of residential properties as company first develop infrastructure and amenities before opening of bookings
Being less leveraged, company prices its projects agressively and close booking quickly as compared to competitors
Appointment of renowned contractors such as shaporji palonji and L&T makes sure their projects are not held up and completed before time.
Company has manageable debt / working capital requirement ( debt free at net level considering cash and investments)
Land prices have rose post acquisition of various land parcels by the company hence no need for investment in new land parcel
Intu properties (uk) as a partner/stake holder brings much credibility to the company
Market cap of 275 odd cr looks cheap considering all above points
ProzoneIntu_Concall.pdf (99 KB)