Motilal Oswal Financial Services initiated coverage on Sri Lotus Developers with a ‘Buy’ rating, with a target price of Rs 250. This implies an upside potential of up to 35% from current levels. The strong sales growth over the next three years, along with focused niche market led to the coverage.

Motilal Oswal on Sri Lotus Developers: Strong growth visibility

Motilal Oswal expects Sri Lotus Developers to clock a presales CAGR of 129% over FY25-28, driven by its robust project pipeline. The company’s collections are also likely to show similar growth, expected to reach Rs 4,020 crore by FY28. This strong financial trajectory is expected to generate cumulative operating cash flows of Rs 6,900 crore by FY32, with the company projecting best-in-class margins.

Motilal Oswal on Sri Lotus

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