Valor Estate Ltd, formerly known as DB Realty Limited, is a leading player in India’s real estate and hospitality sectors. Founded in 2007 and headquartered in Mumbai, Maharashtra, the company underwent a significant transformation with its rebranding to Valor Estate Ltd in March 2024. Under the leadership of Vinod Kumar Goenka and Shahid Usman Balwa, who serve as the Executive Chairman and Vice Chairman respectively, the company has established itself as a key name in the real estate development landscape. Valor Estate specializes in developing residential, commercial, and retail spaces, as well as mass housing and cluster redevelopment projects, catering to diverse customer segments across the country.
In addition to real estate, Valor Estate is a significant player in the hospitality industry, managing premium properties like The Hilton, Mumbai, and Grand Hyatt, Goa, and holding a 50% stake in an upcoming luxury hotel in Aerocity, Delhi. The company boasts a portfolio of over 100 million square feet spread across 35 exclusive projects, showcasing its ability to deliver high-quality, prime properties. With its comprehensive offerings and strategic leadership, Valor Estate continues to solidify its position as a key contributor to India’s real estate and hospitality growth.
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | |
| Promoters + | 53.82% | 50.89% | 47.44% | 47.38% | 47.38% |
| FIIs + | 2.17% | 2.14% | 5.23% | 3.60% | 3.46% |
| DIIs + | 0.04% | 0.09% | 0.49% | 0.43% | 0.37% |
| Public + | 43.96% | 46.89% | 46.85% | 48.59% | 48.78% |
| No. of Shareholders | 53,973 | 60,389 | 69,249 | 94,660 | 1,01,107 |
The shareholding pattern of Valor Estate Ltd underwent notable changes from September 2023 to September 2024, reflecting a dynamic ownership structure. Promoters’ holdings declined steadily from 53.82% to 47.38%, suggesting strategic stake adjustments or increased public participation. Foreign Institutional Investors (FIIs) displayed fluctuations, peaking at 5.23% in March 2024 before settling at 3.46% by September 2024, while Domestic Institutional Investors (DIIs) maintained a minor but slightly growing presence, increasing from 0.04% to 0.37%. Public shareholding consistently rose from 43.96% to 48.78%, accompanied by a substantial increase in the number of shareholders, doubling from 53,973 to 1,01,107 during the period. These trends indicate growing retail investor confidence and evolving institutional strategies in Valor Estate Ltd.
Below are the trading platforms that you can use to purchase Valor Estate shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| January 2025 | 237.75 | 182.89 |
| February 2025 | 240.16 | 184.74 |
| March 2025 | 245.20 | 188.61 |
| April 2025 | 242.77 | 186.75 |
| May 2025 | 235.70 | 181.31 |
| June 2025 | 246.31 | 189.47 |
| July 2025 | 241.48 | 185.75 |
| August 2025 | 248.95 | 191.50 |
| September 2025 | 251.93 | 193.79 |
| October 2025 | 258.48 | 198.83 |
| November 2025 | 264.95 | 203.80 |
| December 2025 | 276.87 | 212.98 |
As we move through 2025, Valor Estate’s stock prices are projected to show a consistent upward trajectory. In January, the prices are expected to range between ₹182.89 and ₹237.75, gradually increasing in February to ₹184.74 and ₹240.16. March may see further growth with prices anticipated between ₹188.61 and ₹245.20. A slight moderation is expected in April, with a range of ₹186.75 to ₹242.77, followed by a dip in May to ₹181.31 and ₹235.70. However, June is forecasted to rebound with prices between ₹189.47 and ₹246.31. In July, the prices may range from ₹185.75 to ₹241.48, climbing in August to ₹191.50 and ₹248.95. September could see further growth to ₹193.79 and ₹251.93, followed by October with prices between ₹198.83 and ₹258.48. November is anticipated to reach ₹203.80 and ₹264.95, culminating in December with a strong finish between ₹212.98 and ₹276.87.
| When | Maximum Price | Minimum Price |
| January 2026 | 285.17 | 219.36 |
| February 2026 | 278.04 | 213.88 |
| March 2026 | 283.61 | 218.16 |
| April 2026 | 289.39 | 222.61 |
| May 2026 | 286.53 | 220.41 |
| June 2026 | 293.69 | 225.92 |
| July 2026 | 287.93 | 221.49 |
| August 2026 | 296.84 | 228.34 |
| September 2026 | 302.77 | 232.90 |
| October 2026 | 310.65 | 238.96 |
| November 2026 | 318.41 | 244.93 |
| December 2026 | 326.37 | 251.06 |
As we step into 2026, Valor Estate’s stock prices are anticipated to show consistent growth over the year. January is expected to see prices between ₹219.36 and ₹285.17, with a slight dip in February to a range of ₹213.88 to ₹278.04. Moving into March, prices are projected to recover, ranging from ₹218.16 to ₹283.61, followed by further gains in April, with values between ₹222.61 and ₹289.39. May might reflect a slight correction to ₹220.41 and ₹286.53, while June is anticipated to climb to ₹225.92 and ₹293.69. July could experience stable performance within ₹221.49 to ₹287.93, and August may rise further, reaching ₹228.34 to ₹296.84. September is forecasted to continue the upward trend at ₹232.90 to ₹302.77, followed by October with prices between ₹238.96 and ₹310.65. November is expected to achieve ₹244.93 to ₹318.41, culminating in December with a strong close at ₹251.06 to ₹326.37.
| When | Maximum Price | Minimum Price |
| January 2027 | 329.64 | 253.57 |
| February 2027 | 338.09 | 260.07 |
| March 2027 | 351.27 | 270.21 |
| April 2027 | 344.39 | 264.91 |
| May 2027 | 334.36 | 257.20 |
| June 2027 | 349.40 | 268.77 |
| July 2027 | 342.55 | 263.50 |
| August 2027 | 353.15 | 271.65 |
| September 2027 | 365.51 | 281.16 |
| October 2027 | 375.01 | 288.47 |
| November 2027 | 384.38 | 295.68 |
| December 2027 | 393.99 | 303.07 |
| When | Maximum Price | Minimum Price |
| January 2028 | 401.87 | 309.13 |
| February 2028 | 412.18 | 317.06 |
| March 2028 | 428.25 | 329.42 |
| April 2028 | 419.86 | 322.97 |
| May 2028 | 407.63 | 313.56 |
| June 2028 | 425.97 | 327.67 |
| July 2028 | 417.62 | 321.24 |
| August 2028 | 430.53 | 331.18 |
| September 2028 | 445.60 | 342.77 |
| October 2028 | 457.19 | 351.68 |
| November 2028 | 468.62 | 360.47 |
| December 2028 | 480.33 | 369.49 |
| When | Maximum Price | Minimum Price |
| January 2029 | 489.94 | 376.88 |
| February 2029 | 502.50 | 386.54 |
| March 2029 | 522.10 | 401.62 |
| April 2029 | 511.86 | 393.74 |
| May 2029 | 496.95 | 382.27 |
| June 2029 | 519.32 | 399.47 |
| July 2029 | 509.13 | 391.64 |
| August 2029 | 524.88 | 403.75 |
| September 2029 | 543.25 | 417.89 |
| October 2029 | 557.38 | 428.75 |
| November 2029 | 571.31 | 439.47 |
| December 2029 | 585.59 | 450.46 |
| When | Maximum Price | Minimum Price |
| January 2030 | 597.30 | 459.47 |
| February 2030 | 612.62 | 471.25 |
| March 2030 | 636.51 | 489.62 |
| April 2030 | 624.03 | 480.02 |
| May 2030 | 605.86 | 466.04 |
| June 2030 | 633.12 | 487.02 |
| July 2030 | 620.71 | 477.47 |
| August 2030 | 639.90 | 492.23 |
| September 2030 | 662.30 | 509.46 |
| October 2030 | 679.52 | 522.71 |
| November 2030 | 696.51 | 535.77 |
| December 2030 | 713.92 | 549.17 |
In 2030, Valor Estate’s stock prices are expected to rise throughout the year. In January, the expected price range is ₹459.47 to ₹597.30, with projected increases in February to ₹471.25 to ₹612.62 and in March to ₹489.62 to ₹636.51. April is expected to stabilize between ₹480.02 and ₹624.03, followed by May with prices projected between ₹466.04 and ₹605.86. In June, the expected price range is ₹487.02 to ₹633.12, with July showing projected values between ₹477.47 and ₹620.71. As the year progresses, August is expected to see prices between ₹492.23 and ₹639.90, and September could range from ₹509.46 to ₹662.30. October is expected to reach ₹522.71 to ₹679.52, with November projected at ₹535.77 to ₹696.51. December is expected to conclude the year between ₹549.17 and ₹713.92.
Financial Condition of Valor Estate
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 169 | 25 | 219 | 698 | 357 | 446 |
| Expenses + | 405 | 134 | 317 | 1,413 | 208 | 533 |
| Operating Profit | -235 | -109 | -98 | -715 | 150 | -88 |
| OPM % | -139% | -444% | -45% | -102% | 42% | -20% |
| Other Income + | 97 | 282 | 527 | 709 | 1,331 | 487 |
| Interest | 261 | 334 | 286 | 54 | 83 | 76 |
| Depreciation | 1 | 1 | 1 | 0 | 26 | 52 |
| Profit before tax | -401 | -162 | 142 | -61 | 1,372 | 271 |
| Tax % | 10% | 3% | 85% | 49% | 4% | |
| Net Profit + | -440 | -167 | 22 | -90 | 1,317 | 325 |
| EPS in Rs | -17.2 | -6.98 | 1.04 | -2.57 | 24.53 | 6.77 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
The financial performance of Valor Estate Ltd has shown significant fluctuations over the years, reflecting a period of transformation and strategic realignment. From March 2020 to March 2024, the company experienced volatility in its sales and profitability metrics. Sales rose dramatically from ₹169 crore in March 2020 to ₹357 crore in March 2024, peaking at ₹698 crore in March 2023, indicating aggressive project development and revenue generation efforts. Despite this, expenses remained a challenge, with a sharp rise in 2023 to ₹1,413 crore before normalizing to ₹208 crore in 2024. Operating profit transitioned from consistent losses to a positive ₹150 crore in 2024, reflecting improved cost management and operational efficiency.
Other income played a pivotal role, significantly increasing from ₹97 crore in 2020 to ₹1,331 crore in 2024, bolstering the company’s financial stability. Interest expenses decreased from ₹261 crore in 2020 to ₹83 crore in 2024, showcasing better debt management. Net profit turned positive in 2024 at ₹1,317 crore after years of losses, demonstrating a major turnaround. Earnings per share (EPS) improved from negative ₹17.2 in 2020 to ₹24.53 in 2024, signaling strong shareholder value creation. However, the company maintained a 0% dividend payout, likely reinvesting profits to fuel future growth. Overall, Valor Estate’s financial trajectory highlights a challenging yet promising phase of recovery and growth.
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FAQS
Will Valor Estate stock price grow in 2025?
Yes, Valor Estate stock price is expected to grow in 2025. The company’s current share price is around Rs ₹183, and analysts have estimated that Valor Estate price will reach ₹276.87 by the end of 2025.
What future is anticipated for Valor Estate in 2027?
Analysts expect Valor Estate’s stock price to reach Rs 393.99 by the end of 2027
In 2030, Valor Estate is expected to trade in between ₹459.47 and ₹713.92.
Conclusion
In conclusion, Valor Estate Ltd (formerly DB Realty Ltd) has demonstrated significant growth and transformation, both in its real estate development and hospitality sectors. The company has made notable strides in improving its financial performance, with a positive net profit of ₹1,317 crore in FY 2024, a major turnaround after years of losses. Its diversified portfolio, strong leadership, and strategic investments position it well for future growth. The shareholding pattern reflects increased public participation, and the company’s stock is expected to see consistent growth through 2025-2030, with potential price targets ranging from ₹237.75 to ₹713.92 over the next decade.
Having said that, we are not a financial advisor. Please consult a SEBI-registered financial advisor before trading Valor Estate. This post on Valor Estate share price target from 2025 to 2030 is for educational purposes only.
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