IBREALEST : Bottomed up with Q1FY23 Results? + Strong Technicals
Technicals:
• Bullish view after took Support at the Channel mid level of 76.50
• Buying with good volumes
• RSI positive divergence
• RSI shifted from below 40 to above 60
• Relative Strength also in positive zone
Fundaments:
Q1FY23 Result Highlights:
• Net debt : ₹464 Cr
• Down from ₹1,005 Cr as at Q4 FY2022
• Estimated Collection of ₹600 Cr from sold inventory (net of project costs) & ₹500 Cr from Land Sale in next
12 months
• 0.18x debt to equity
• Project Net Surplus : ₹8,566 Cr
• Net Surplus ₹1,749 Cr, from OC / near completed inventory
• Pending costs of ₹513 Cr on OC / near completed projects fully covered through sold receivables with
~2.5x cover
• Pre-sales (Q1 FY2023): ₹297 Cr
• More than 97% inventory in key projects sold out (Blu, Sky forest, Thane Phase1, Engima & Centrum)
• Immediate upcoming launches (subsequent phases of Blu, Thane, Panvel Arivali & Sector 104 Gurugram)-
Refer Slide 12
Other Update
• Merger with Embassy in final stages of NCLT review – next hearing in Chandigarh scheduled on 8
th Sep, 2022.
Disc: Holding few quantities
• Bullish view after took Support at the Channel mid level of 76.50
• Buying with good volumes
• RSI positive divergence
• RSI shifted from below 40 to above 60
• Relative Strength also in positive zone
Fundaments:
Q1FY23 Result Highlights:
• Net debt : ₹464 Cr
• Down from ₹1,005 Cr as at Q4 FY2022
• Estimated Collection of ₹600 Cr from sold inventory (net of project costs) & ₹500 Cr from Land Sale in next
12 months
• 0.18x debt to equity
• Project Net Surplus : ₹8,566 Cr
• Net Surplus ₹1,749 Cr, from OC / near completed inventory
• Pending costs of ₹513 Cr on OC / near completed projects fully covered through sold receivables with
~2.5x cover
• Pre-sales (Q1 FY2023): ₹297 Cr
• More than 97% inventory in key projects sold out (Blu, Sky forest, Thane Phase1, Engima & Centrum)
• Immediate upcoming launches (subsequent phases of Blu, Thane, Panvel Arivali & Sector 104 Gurugram)-
Refer Slide 12
Other Update
• Merger with Embassy in final stages of NCLT review – next hearing in Chandigarh scheduled on 8
th Sep, 2022.
Disc: Holding few quantities