Aurum PropTech Limited

Real Estate — Real Estate Services · NSE

₹235.80−₹3.30 (−1.38%)

DalalBaazaar Score

61 / 100

🟢 Good

Verdict

CAUTION

Risk

Moderate

Driven by short-term liabilities exceed short-term assets, micro-cap size, which brings thin liquidity, a very high earnings multiple, which leaves little margin for disappointment.

In simple words: The business is earning a fairly low return on the money invested in it, with both sales and profits growing well. Short-term liquidity is the main factor to watch.

Decision support, not a buy or sell call.

As of 18 Oct 2026, 7:49 pm

Understanding the Business

Company site ↗

The 60-second version of Aurum PropTech Limited — what it does, how it earns, and who it competes with, before any of the numbers below.

What does this company do?

Aurum PropTech Limited engages in the business of software development for real estate and other services in India. It operates through Rental, Distribution, Capital, and Others segments.

IndustryReal Estate Services

SectorReal Estate

Employees55

Annual revenue₹381 Cr

How does it make money?

Turns over ₹381 Cr a year. Of every ₹100 of sales, about ₹0 reaches shareholders as profit, with ₹26 left at the operating level before interest, tax and depreciation. Each of its 55 employees supports ₹6.93 Cr of revenue a year, the signature of a capital- or asset-led business.

Revenue / employee₹6.93 Cr

Who are its competitors?

The closest listed comparisons in its industry are DLF LIMITED, GODREJ PROPERTIES LTD, OBEROI REALTY LIMITED. These are the companies its valuation and returns are measured against elsewhere in this report.

Compared side by side in Peers ↓

What is its competitive advantage?Little sign of one

Returns on capital of 1.6% are at or below what the capital likely costs. That is the financial pattern of a business competing largely on price, where advantage has to come from execution rather than position.

Peer median ROE10.3%

What is the outlook?

1 analysts covering the stock expect revenue to grow about 50.9% and earnings to grow about 310.0% in the year to 2028. These are estimates by people who follow the company, not a forecast for the wider industry.

Est. revenue growth+50.9%

Est. earnings growth+310.0%

Analysts1

What has been driving growth?

Growth has come mainly from selling more, rather than from keeping more of each sale. Over 3 years revenue moved +200% while net margin moved -102% relative to itself. What this cannot tell you is which products, customers or geographies did the work — that lives in the segment disclosures of the annual report.

Revenue effect+200%

Margin effect-102%

DalalBaazaar Score

61/ 100

Good

Weighted across six categories. Every point is explained below.

✗ P/E of 63.7x is demanding — it needs sustained high growth to justify

Quality vs. Valuation

Company Quality

68/ 100

Good

How good the business is, ignoring the share price entirely.

Valuation

28/ 100

Expensive

What you are being asked to pay, ignoring how good the business is.

A good business, but the price already reflects that. The quality is real; the question is whether you are overpaying for it today.

Historical Valuation

Current P/E

63.7x

Sector Median

30.2x

median of 3 sector peers

⚠️Against its sector it trades 111% above the peer median of 30.2x.

vs. its own history

Not enough price and earnings history

vs. sector peers

Expensive

30.2x median of 3 peers · +111%

vs. generic bands

Expensive

Above 35x

EV/EBITDA

25.2x

PEG

—

What's Good / What's Bad

🟢 What's Going Well5

Margins are improving
EBITDA margin is up from -7.9% to 25.9% over 3 years.
Cash flow has turned positive
Free cash flow moved from negative to positive over 3 years.
Return on equity is rising
ROE has improved from -13.0% to 0.4%.
Return on capital is rising
ROCE has improved from -14.2% to 1.6%.
Very low debt
Debt/Equity of 0.21x leaves the balance sheet with plenty of headroom.

🔴 What Needs Attention0

Nothing stands out as clearly deteriorating on the years of data available.

Red Flags

3 items require attention · 2 high · 1 watch

🔴Debt has risen sharplyFinancial
Total debt is up 128% over 3 years, from ₹99 Cr to ₹225 Cr.
🔴Thin interest coverageFinancial
Operating profit covers interest only 0.4x — little room if earnings dip.
🟡Short-term liquidity is tightFinancial
Current ratio of 0.98 — near-term obligations exceed near-term assets.

Investment Thesis

🟢 Bull CaseWhat could make this work?

Margin expansion has further to run
EBITDA margin has risen from -7.9% to 25.9%. If that holds, profit compounds faster than sales and today's multiple looks cheaper in hindsight than it does now.
Self-funding with balance-sheet headroom
Positive free cash flow of ₹39 Cr alongside low debt means growth, buybacks or dividends need no outside money — and a downturn can be absorbed rather than refinanced.

🔴 Bear CaseWhat could go wrong?

A premium to the sector to defend
It trades 111% above the peer median. That premium needs a reason that persists, or it closes.
Earnings are hard to forecast
Profit has swung sharply from year to year, so any single year — good or bad — is a weak guide to the next. Cyclical earnings deserve lower multiples for that reason.
Size brings its own risk
Micro Cap businesses are thinly traded, so exits are harder in a falling market and single events move the price more than they would for a larger company.
Several serious flags at once
2 high-severity checks triggered. Individually each has an explanation; together they raise the chance that something structural is wrong rather than a one-off.

🟡 Key Things to WatchMeasurable tripwires, set against where this company stands today

1Revenue growth stays above 33% a year✓ 44.3% CAGR
Latest reported year was 57.8%. The bar is set below the established compounding rate, so ordinary variation does not trip it.
2EBITDA margin holds above 24%✓ 25.9%
Two points below today's level — enough room for noise, tight enough to catch real compression.
3Debt / EBITDA stays below 2x✗ 2.3x
The ratio lenders write covenants against; it survives a small or negative equity base, unlike Debt/Equity.
4Interest cover stays above 3x✗ 0.4x
How much operating profit can fall before interest stops being comfortably covered.
5Free cash flow remains positive✓ ₹39 Cr
Profit that never becomes cash eventually stops being profit.

Investment Checklist

8 / 12 checks passed

✗ Strong return on equity (ROE ≥ 15%)
✗ Strong return on capital employed (ROCE ≥ 15%)
✓ Healthy net margin (≥ 10%)
✓ Generates positive free cash flow
✓ Manageable leverage (Debt/Equity < 1.0)
✗ Adequate short-term liquidity (Current Ratio ≥ 1.0)
✓ Revenue growing year-over-year
✓ Profit growing year-over-year
✗ Not trading at an extreme valuation (P/E < 40x)
✓ Not buying right at the 52-week high
✓ Analyst consensus isn't majority-sell
✓ Short-term technical trend isn't bearish

Price history

Quick Metrics

5 good · 3 neutral · 3 weak

Market Cap

₹2,277 Cr

Micro Cap

Smaller company — thin liquidity and deep drawdowns are normal here

P/E (Trailing)

63.7x

Expensive

Expensive — verify against sector peers

P/B Ratio

3.57x

Fair

Moderate premium to the company's book value

EPS (TTM)

₹3.7

Profitable

Profitable on a per-share basis

ROE

1.4%

Weak

Weak capital efficiency

ROCE

1.6%

Weak

Low return on total capital employed

Debt/Equity

0.21x

Low

Conservative leverage

Revenue Growth (YoY)

57.8%

Healthy

Healthy top-line growth

Profit Growth (YoY)

105.7%

Healthy

Profits growing at a healthy clip

Dividend Yield

None

No dividend yield reported — usually means no payout, but verify if one was recently initiated

Free Cash Flow

₹188 Cr

Cash generative

Generates cash even after funding its capex

More Metrics

P/E (Forward)

112.3x

Flat

At or above the trailing multiple — no earnings uplift is being priced in

ROA

0.6%

Weak

Assets generate little profit

Operating Margin

4.5%

Weak

Thin margins leave little room for error

Net Margin

14.6%

Good

Strong bottom-line conversion

Current Ratio

0.98

Adequate

Adequate, but no real cushion

Beta (vs Nifty)

-0.02

Defensive

Steadier than the market

52W Range Position

72%

Mid-range

Technical Snapshot

SMA 20 / SMA 50

227.3 / 226.8

Bullish alignment (short > long)

Price vs SMA 200

Above

Long-term uptrend

RSI (14)

56.9

Neutral momentum

Financial Trend (4-Year)

Metric	FY23	FY24	FY25	FY26	3Y CAGR
Revenue	₹127 Cr	₹214 Cr	₹253 Cr	₹381 Cr	+44.3%
EBITDA	-₹10 Cr	₹11 Cr	₹54 Cr	₹99 Cr	—
EBITDA Margin	-7.9%	5.3%	21.5%	25.9%	—
PAT (Net Profit)	-₹29 Cr	-₹56 Cr	-₹33 Cr	₹2 Cr	—
EPS	₹-7.51	₹-14.16	₹-6.16	₹0.26	—
ROE	-13.0%	-30.9%	-12.2%	0.4%	—
ROCE	-14.2%	-12.7%	-4.0%	1.6%	—
Total Debt	₹99 Cr	₹323 Cr	₹212 Cr	₹225 Cr	+31.6%
Free Cash Flow	-₹70 Cr	-₹84 Cr	₹6 Cr	₹39 Cr	—

🟢 Revenue has grown at 44.3% a year over 3 years.

🟢 EBITDA has turned positive, from -₹10 Cr to ₹99 Cr.

🟢 EBITDA Margin has risen from -7.9% to 25.9% over 3 years (+33.8 pts).

🟢 PAT (Net Profit) has turned positive, from -₹29 Cr to ₹2 Cr.

🟢 EPS has turned positive, from ₹-7.51 to ₹0.26.

🟢 ROE has risen from -13.0% to 0.4% over 3 years (+13.4 pts).

🟢 ROCE has risen from -14.2% to 1.6% over 3 years (+15.8 pts).

🔴 Total Debt has grown at 31.6% a year over 3 years.

🟢 Free Cash Flow has turned positive, from -₹70 Cr to ₹39 Cr.

Balance Sheet & Cash Flow — FY2026

Total Assets

₹948 Cr

Total Liabilities

₹438 Cr

Cash & Equivalents

₹18 Cr

Operating Cash Flow

₹55 Cr

Capex

-₹16 Cr

Shareholding (proxy)

Institutional Holding

3.6%

Insider Holding

68.6%

Corporate Actions

Ex-Dividend Date

23 Dec 2020

Analyst Consensus

Recommendations

1 Buy · 0 Hold · 0 Sell

Target Price (Mean)

₹360

+52.7% vs CMP

Target Range

₹360 – ₹360

Peer Comparison

Company	P/E	ROE
DLF LIMITED	36.6x	10.3%
GODREJ PROPERTIES LTD	30.2x	8.4%
OBEROI REALTY LIMITED	23.5x	14.7%

Recent News

1 positive1 mixed4 general

Aurum Proptech Share Price: Price Action Near 52-Week High

Univest, 16 Oct

Aurum PropTech Posts Rs 4.29 Cr Net Profit in Q2, Revenue Rises 62%

HDFC Sky, 16 OctResults

🟢Potentially positiveReported improvement. Check whether it came from volume, price or a one-off item before treating it as a trend.

AURUM Forecast — Price Target — Prediction for 2027

TradingView, 26 JunAnalyst view

🟡Mixed / dependsBroker commentary — an opinion about the price rather than new information about the business.

Aurum PropTech Q2FY27 net profit turns positive at ₹4.29 crore

scanx.trade, 16 Oct

Aurum Share Price at Fresh 52-Week High: Price and Valuation

Univest, 16 Oct

Aurum Proptech Ltd is Rated Sell

MarketsMojo, 16 Oct

Watch Items

Cross-check against the company's latest quarterly filing / investor presentation before acting.

DalalBaazaar Thesis

StrongBusiness Quality · Growth

MiddlingFinancial Health · Profitability

WeakValuation · Risk

Points for each in the Score ↑

Good business, demanding price

The quality is real and the price already reflects it. Buying here is a bet that the business keeps compounding for long enough to grow into the multiple — which good businesses often do, but it removes the margin for error that a lower price would have given you. 2 high-severity red flags sit above this conclusion and should be read first.

2 of 5 tripwires tripped — Debt / EBITDA stays below 2x; Interest cover stays above 3x · see Key things to watch ↑