Company Overview

Grovy India Limited is a real estate developer established in 1985 with 40+ years of experience. The company focuses on South Delhi redevelopment and has delivered 150+ projects, satisfying 1500+ families. The company operates as a niche luxury developer in supply-constrained markets using three business models: Outright Model (direct ownership), Collaboration Model (joint venture), and Turnkey Model (end-to-end execution).

Financial Performance (Q1 FY 2026-27)

The company delivered strong sequential performance compared to Q4 FY 2025-26:

  • Total Assets: Increased 18.29% QoQ from ₹7,335.13 lakh to ₹8,676.66 lakh
  • Revenue: Grew 249.40% QoQ from ₹789.48 lakh to ₹2,758.43 lakh
  • Profit After Tax (PAT): Increased 114.02% QoQ from ₹88.82 lakh to ₹190.11 lakh
  • Earnings Per Share (EPS): Increased 114.02% QoQ from ₹0.67 to ₹1.43
  • EBITDA: Grew 80.84% QoQ from ₹153.30 lakh to ₹277.23 lakh
  • Annualized Return on Equity (ROE): Improved to 7.59% (+3.74 percentage points from 3.85%)
  • Annualized Return on Capital Employed (ROCE): Improved to 4.86% (+1.69 percentage points from 3.17%)

Historical Growth (FY 2023-24 to FY 2025-26)

  • Revenue grew from ₹2,024.06 lakh to ₹3,534.88 lakh (32.2% CAGR)
  • PAT grew from ₹100.17 lakh to ₹289.81 lakh (70.1% CAGR)

Leadership Changes

Board-approved leadership realignment effective June 12, 2026, approved by shareholders at the 41st AGM held July 8, 2026:

  • Mr. Prakash Chand Jalan: From Non-Executive Director to Chairman cum Managing Director (5-year term)
  • Mr. Nishit Jalan: From Whole-time Director & CEO to Chief Financial Officer
  • Mr. Ankur Jalan: From Chief Financial Officer to Non-Executive Director (liable to retire by rotation)

Project Updates

New Projects Acquired in Q1 FY 2026-27

Three new premium residential projects totaling approximately 50,000 sq. ft in South Delhi:

1. Defence Colony, New Delhi: ~15,000 sq. ft, announced May 27, 2026

2. Gulmohar Park, New Delhi: ~20,000 sq. ft, announced June 25, 2026

3. Defence Colony, New Delhi: ~15,000 sq. ft, announced July 1, 2026

Ongoing Projects

The presentation lists multiple ongoing residential projects across South Delhi micro-markets including Greater Kailash, Hauz Khas, Anand Niketan, Neeti Bagh, Defence Colony, and Gulmohar Park, with completion timelines ranging from Q3 FY 2026-27 to Q1 FY 2028-29.

Future Outlook & Strategic Initiatives

Capital Raising

  • Planning to raise ₹40 crore total capital
  • ₹15 crore already being raised in July 2026
  • Shareholders approved preferential issue of up to 41,69,433 equity shares at AGM on July 8, 2026
  • Allotment expected during July-August 2026, subject to statutory and regulatory approvals

Growth Strategy

  • Collaboration with Golden Growth Fund (GGF): Three projects already commenced, evaluating opportunities to increase collaborative projects
  • Scale of execution: Aiming for 20-25 projects annually over next three years, subject to market conditions
  • NSE listing: Planning to list on National Stock Exchange within next 3 years, subject to market conditions and regulatory approvals

ESG Initiatives

  • Environment: Rainwater harvesting systems, water-efficient fixtures, sustainable construction practices, energy-efficient designs
  • Social: Electrical safety standards, security protocols, chemical safety compliance, safety signage
  • Governance: Strong Board oversight, regulatory compliance, ethical business conduct, transparent disclosures

Management Profiles

  • Mr. PC Jalan (Chairman): Chartered Accountant with 40+ years financial services experience
  • Mr. Nishit Jalan (CFO): Engineer from BITS-Pilani, heads construction, architectural and purchase departments
  • Mr. Ankur Jalan (Director): B.Tech from Manipal University, Masters in Construction Management from University of Salford

Marketing & Sales Strategy

Structured sales approach with dedicated in-house team, personalized consultations, transparent pricing, customer site visits, regular project updates, and post-sale relationship management.

Disclaimer Note

The presentation contains forward-looking statements subject to risks and uncertainties. It is not an offer to buy or sell securities and past performance is not indicative of future results.