1. At a Glance
Aurum PropTech just dropped a Q1 update with 29% revenue growth, higher margins, and… wait for it… yet another quarter of losses. From software-for-homes to REIT ambitions, this stock is trying to be India’s WeWork-meets-Zerodha. But behind the buzzword bonanza lies a company still figuring out how to not bleed cash.
2. Introduction with Hook
You know that friend who bought a drone, a DSLR, a crypto wallet, and now wants to start a YouTube channel? That’s Aurum PropTech—except with SEBI approvals and corporate boardrooms.
Key Stat #1: Q1 FY26 loss of ₹10 Cr
Key Stat #2: OPM finally turned green at 19%
Key Stat #3: Stock down 5% on result day, probably because even optimism has its limits
3. Business Model (WTF Do They Even Do?)
Aurum PropTech is a tech company for real estate… or a real estate company for tech. Depends on the day.
- B2B: Software for developers
- B2C: Property listing platforms
- B2B2C: End-to-end home ownership lifecycle tools
- D2C: Direct services like renting, buying, property management
Translation: They want to be the Zomato + Razorpay + AirBnB of real estate. But right now, they’re more like a fancy CRM with extra steps.
4. Financials Overview
| Metric | Q1 FY26 | YoY Growth |
|---|---|---|
| Revenue | ₹68 Cr | +29% |
| EBITDA | ₹13 Cr | NA |
| EBITDA Margin | 19% | vs -4% YoY |
| Net Profit | -₹10 Cr | Still Red |
| EPS | -₹1.33 | Shrinking |
Commentary:
They’ve finally managed to make gross profit look nice. But net profit? Still running away like tenants at rent renewal time.
5. Valuation
Wait… what valuation?
- No P/E. Because no “E”.
- Book Value: ₹93.7
- CMP / BV: ~2.2x
- Market Cap: ₹1,467 Cr
- TTM Net Loss: ₹41 Cr
Fair Value? Somewhere between “overvalued” and “visionary gamble.” Your astrologer has better odds.
6. What’s Cooking – News, Triggers, Drama
- Q1FY26 update: 29% revenue growth and margin improvement.
- SEBI approval: For AMSA SM REIT. Yes, they’re now entering fractional real estate ownership.
- ESOPs allotted: Dilution vibes incoming.
- Deputy CFO promoted: Because why not? Promotions are cheaper than profits.
This isn’t an earnings report—it’s a Netflix docuseries teaser.
7. Balance Sheet
| Item | FY25 |
|---|---|
| Equity Capital | ₹28 Cr |
| Reserves | ₹247 Cr |
| Borrowings | ₹273 Cr |
| Net Worth | ₹275 Cr |
| Fixed Assets | ₹458 Cr |
| Investments | ₹50 Cr |
Analysis:
Debt is climbing faster than revenue. Net worth is hanging on, thanks to “other income” and equity raises. Liquidity? Decent. But don’t look at that interest expense too long—you might cry.
8. Cash Flow – Sab Number Game Hai
| Year | Ops CF | Inv CF | Fin CF | Net CF |
|---|---|---|---|---|
| FY23 | -₹50 Cr | -₹44 Cr | ₹80 Cr | -₹14 Cr |
| FY24 | ₹20 Cr | -₹155 Cr | ₹122 Cr | -₹13 Cr |
| FY25 | ₹28 Cr | -₹42 Cr | ₹18 Cr | ₹4 Cr |
Commentary:
They’ve figured out cash from operations—sort of. But investing outflows still make this look like a VC-backed startup burning someone else’s money.
9. Ratios – Sexy or Stressy?
| Ratio | FY25 |
|---|---|
| ROCE | -3% |
| ROE | -14.7% |
| OPM | 19% |
| D/E | ~1.0 |
| EPS | -₹9.32 |
Verdict:
The only thing growing faster than revenue is the pile of red ink. ROCE is in the negative, like your sleep after investing here.
10. P&L Breakdown – Show Me the Money
| Year | Revenue | EBITDA | PAT |
|---|---|---|---|
| FY23 | ₹127 Cr | -₹16 Cr | -₹40 Cr |
| FY24 | ₹214 Cr | ₹3 Cr | -₹66 Cr |
| FY25 | ₹264 Cr | ₹46 Cr | -₹41 Cr |
Improvement? Yes. Profit? No.
Every year, revenue climbs, but the bottom line stays allergic to black ink.
11. Peer Comparison
| Company | Revenue (Cr) | PAT (Cr) | P/E |
|---|---|---|---|
| LTTS | 11,074 | 1,265 | 36.1 |
| Tata Tech | 5,144 | 685 | 42.4 |
| Netweb Tech | 1,149 | 114 | 96.9 |
| Aurum PropTech | 267 | -41 | NA |
Comment:
Imagine going to a dinner party with tech CEOs and being the only one who brought losses to the table.
12. Miscellaneous – Shareholding, Promoters
- Promoters: 49.81% (Steady, barely declining)
- FIIs: Just 0.38% (FOMO hasn’t kicked in yet)
- Public: 49.79% (aka bag holders)
Also:
- Rights issue done.
- No dividends.
- Just hope.
Basically: “We’ll dilute, you hold.”
13. EduInvesting Verdict™
Aurum PropTech is what happens when PropTech dreams meet financial nightmares.
✅ Growth in revenue and operating margins
✅ Regulatory momentum with REITs
❌ Net losses for years
❌ Valuation built on Excel optimism, not earnings
Verdict:
“A platform with potential. But for now, you’re testing your own patience more than the real estate market’s.”
Metadata
Written by EduInvesting Team | 23 July 2025
Tags: Aurum PropTech, PropTech, REIT, Q1 FY26, EduInvesting Premium
