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Embassy Developments
SectorConsumer Discretionary
In the news
Q2 FY27 Earnings: TCS, Developers, and Microfinance Tell Different Stories
Embassy Origins achieves ₹1,800 crore pre-sales in record week
Embassy Developments rallies 8% on ₹711 cr Juhu tower sale to Angel One
Embassy Developments approves ₹160 cr fundraise, targets ₹8,000 cr sales
Embassy Developments appoints Neel Virwani as CBO targeting ₹6,000 cr FY27
Company insights, generated from the most recent coverage.
At a 14–14.8% cost of institutional debt on ~₹3,300 Cr, interest is Embassy's first call on cash — refinancing this stack matters more to equity value than any near-term dividend, which looks unlikely.
The proposed warrant issue at ₹111.51 per share would clear the ₹1,063 Cr Embassy Group shareholder debt outright — an equity-funded deleveraging lever that removes related-party leverage without touching operating cash.
FY27 collections of ~₹3,000 Cr against ~₹2,500 Cr construction spend leave only about ₹500 Cr surplus, and management warned institutional debt won't fall much — negative Q1 FY27 operating cash flow confirms bookings are not yet self-funding.