Unitech Limited was listed on the BSE on September 8, 1999. In the last five years, its stock has given a massive return of more than 350%. Will Unitech continue to provide such great returns in the future as well? Let’s explore Unitech’s growth potential and the Unitech share price target 2025 to 2050 in this article.
About Unitech
Unitech is a real estate company in India that was founded in 1971. It began as a soil testing company and later moved into real estate, building homes, offices, malls, and hotels.
Unitech Business Model
- Real Estate Development Business: Unitech Limited develops residential, commercial, and retail real estate projects. The company builds townships, apartments, office spaces, and shopping malls in major Indian cities, including Gurugram, Noida, Kolkata, Chennai, and Bengaluru.
- Leasing and Rental: Unitech leases out its developed commercial properties and malls on long-term contracts. This provides a consistent stream of rental income, ensuring predictable and stable cash flows for the company.
- Hospitality and Entertainment Business: Unitech also works on hospitality projects like hotels, golf courses, and amusement parks. These are either self-operated or managed by third-party operators, which add to the company’s diverse revenue streams.
Unitech Ltd Fundamental Analysis
| Stock Name | Unitech Ltd. |
|---|---|
| NSE Symbol | UNITECH |
| Market Cap | ₹ 1648 Cr. |
| 52W High | ₹ 13.2 |
| 52W Low | ₹ 5.47 |
| Stock P/E | – |
| Book Value | ₹ -22.6 |
| Dividend Yield | 0.00 % |
| ROCE | -17.6 % |
| ROE | – % |
| Face Value | ₹ 2.00 |
| Industry PE | 35.9 |
| Price to book value | – |
| Debt to equity | – |
| PEG Ratio | – |
| Quick ratio | 0.63 |
| Shareholders | March 2023 | March 2024 | March 2025 |
|---|---|---|---|
| Promoters | 5.14% | 5.14% | 5.14% |
| FIIs | 0.35% | 0.49% | 0.83% |
| DIIs | 0.91% | 0.91% | 1.06% |
| Government | 0.00% | 0.00% | 0.00% |
| Public | 93.60% | 93.48% | 92.99% |
| No. of Shareholders | 5,92,193 | 6,25,362 | 6,34,520 |
Key Factors Driving Unitech’s Future Growth
- Real Estate Sector Recovery: India’s real estate sector is showing signs of improvement, particularly in the residential and affordable housing segments. Government initiatives such as the Pradhan Mantri Awas Yojana (PMAY) are accelerating demand. Unitech, with its legacy and land holdings, is well-positioned to benefit from this increasing demand.
- Strong Land Bank in Prime Locations: Unitech has a significant land bank in high-demand urban areas, particularly Delhi-NCR, Noida, and Gurugram. These land reserves provide a solid foundation for future projects and are a valuable asset that can be used for both development and monetisation.
- Debt Reduction and Asset Monetisation: Unitech has taken strategic steps to reduce debt, including selling non-core assets and monetising commercial properties. These steps are critical to improving its financial health, restoring investor confidence, and laying the groundwork for long-term growth.
- Improved Corporate Governance: The company has restructured its leadership and implemented reforms to improve corporate governance and transparency. These enhancements are intended to restore credibility and regain the trust of investors, regulators, and customers after years of financial and legal difficulties.
Pros of Unitech
- Low PE Ratio Compared to Peers: Unitech has a PE ratio of 0, which is lower than the industry average of 35.9, making it relatively undervalued and potentially a good investment opportunity.
- Increase in FIIs Holding: Foreign Institutional Investors (FIIs) have increased their holding to 0.83% in March 2025 from 0.51% in December 2024, which indicates growing confidence in the Unitech’s future potential by the FIIs.
Cons of Unitech
- Decreasing Sales – Unitech’s revenue is decreasing at a CAGR of -19% over the last five Years.
- Low Return on Capital Employed (ROCE): Unitech’s 5-year average ROCE is -4.42%, indicating inefficient use of capital to generate profits.
- Low Interest Coverage Ratio: The interest coverage ratio of Unitech is -0.81, which shows that the company is struggling to pay interest.
- Low Promoter Holding: Unitech promoter holding is 5.13%, which is relatively low. This may indicate low promoter confidence and less control over decision-making, allowing outside investors to have more influence.
- Decrease in DIIs Holding: Domestic Institutional Investors (DIIs) have reduced their holding to 1.06% in March 2025 from 1.09% in December 2024, indicating a decline in DIIs’ confidence in the company’s future growth prospects.
Unitech Ltd Balance Sheet
| Particulars | March 2023 | March 2024 | Sept 2024 |
|---|---|---|---|
| Equity Capital | 523 | 523 | 523 |
| Reserves | -1,378 | -4,718 | -6,428 |
| Borrowings | 7,167 | 7,230 | 7,256 |
| Other Liabilities | 20,573 | 23,485 | 25,315 |
| Total Liabilities | 26,886 | 26,520 | 26,665 |
| Fixed Assets | 463 | 460 | 459 |
| CWIP | 192 | 197 | 198 |
| Investments | 2,034 | 2,040 | 2,044 |
| Other Assets | 24,197 | 23,823 | 23,964 |
| Total Assets | 26,886 | 26,520 | 26,665 |
By the end of 2025, the Unitech share price is expected to be around ₹7.50 in normal conditions. In a bear market, it might be ₹5.70, and in a bull market, it may go up to ₹10.
| Unitech Share Price Target 2025 | Rupees (₹) |
|---|---|
| Bear Market | 5.70 |
| Normal Market | 7.50 |
| Bull Market | 10 |
In 2026, the Unitech share price is expected to be around ₹9.50 in a normal situation. In a bear market, it might be ₹6.20, and in a bull market, it may cross ₹13.0.
| Unitech Share Price Target 2026 | Rupees (₹) |
|---|---|
| Bear Market | 6.20 |
| Normal Market | 9.50 |
| Bull Market | 13.0 |
According to our analysis, the Unitech share price is expected to be around ₹11.50 in 2027. In a bear market, it might be ₹6.80, and in a bull market, it may cross ₹16.50.
| Unitech Share Price Target 2027 | Rupees (₹) |
|---|---|
| Bear Market | 6.80 |
| Normal Market | 11.50 |
| Bull Market | 16.50 |
According to our analysis, the Unitech share price may trade near ₹13.50 by 2028; bearish conditions could pull it down to ₹7.50, while a strong bull run might lift it to ₹21.50.
| Unitech Share Price Target 2028 | Rupees (₹) |
|---|---|
| Bear Market | 7.50 |
| Normal Market | 13.50 |
| Bull Market | 21.50 |
Under normal conditions, the Unitech share price might hit ₹16.00 by 2029. A bearish trend could lower it to ₹8.30, whereas a bullish surge could raise it to ₹27.50.
| Unitech Share Price Target 2029 | Rupees (₹) |
|---|---|
| Bear Market | 8.30 |
| Normal Market | 16.00 |
| Bull Market | 27.50 |
In a normal situation, the Unitech share price is projected to be approximately ₹20 in 2030. In a bear market, the value may be as low as ₹9.20, while in a bull market, it may rise to ₹40.
| Unitech Share Price Target 2030 | Rupees (₹) |
|---|---|
| Bear Market | 9.20 |
| Normal Market | 20 |
| Bull Market | 40 |
By 2035, the Unitech share price is projected to be around ₹40 under normal conditions. In adverse markets, the price could fall to ₹13.50, while favorable conditions might push it up to ₹120.
| Unitech Share Price Target 2035 | Rupees (₹) |
|---|---|
| Bear Market | 13.50 |
| Normal Market | 40 |
| Bull Market | 120 |
Under normal conditions, the Unitech share price might hit ₹80 by 2040. A bearish trend could lower it to ₹20.50, whereas a bullish surge could raise it to ₹350.
| Unitech Share Price Target 2040 | Rupees (₹) |
|---|---|
| Bear Market | 20.50 |
| Normal Market | 80 |
| Bull Market | 350 |
In 2050, the Unitech share price is expected to be around ₹300 in a normal situation. In a bear market, it might be ₹60, and in a bull market, it may go up to ₹2150.
| Unitech Share Price Target 2050 | Rupees (₹) |
|---|---|
| Bear Market | 60 |
| Normal Market | 300 |
| Bull Market | 2150 |
| Years | Target Price |
|---|---|
| Unitech Share Price Target 2025 | ₹5.70 to ₹10 |
| Unitech Share Price Target 2026 | ₹6.20 to ₹13.0 |
| Unitech Share Price Target 2027 | ₹6.80 to ₹16.50 |
| Unitech Share Price Target 2028 | ₹7.50 to ₹21.50 |
| Unitech Share Price Target 2029 | ₹8.30 to ₹27.50 |
| Unitech Share Price Target 2030 | ₹9.20 to ₹40 |
| Unitech Share Price Target 2035 | ₹13.50 to ₹120 |
| Unitech Share Price Target 2040 | ₹20.50 to ₹350 |
| Unitech Share Price Target 2050 | ₹60 to ₹2150 |
Disclaimer
This article is for educational purposes only. It is not a stock recommendation and should not be treated as such. Please ask your financial advisor before making any investment decision.
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