Shriram Properties Ltd (SHRIRAMPPS)

Shriram Properties' Subsidiary Ordered to Refund Booking Amount - 22 Apr, 2024

The Karnataka Real Estate Regulatory Authority has ordered Suvilas Properties, a subsidiary of Shriram Properties Ltd, to refund the entire booking amount with interest after providing wrong information to buyers. The project, The Poem, has two more complaints registered regarding refunds of Rs 50,000 and Rs 1 lakh respectively. In another case, KRERA ordered SPL to refund the entire amount with interest for failing to register the sale agreement as required under RERA Act.

Shriram Properties Ltd's P/E Ratio Remains Middle-of-the-Road Despite Recent Stock Price Bounce - 13 Apr, 2024

Despite a recent 29% stock price bounce, Shriram Properties Ltd's P/E ratio of 30.1x remains middle-of-the-road compared to the Indian market median of around 31x. The company's financial performance has been poor lately with declining earnings, but investors may be hoping for improvement in the future. However, unless conditions improve, it is challenging to accept current prices as reasonable.

Shriram Properties Arm Receives Penalty Order Worth Rs 446.79 Crore - 03 Apr, 2024

Shriram Properties' subsidiary, Shriram Properties and Infrastructure, has received a penalty order of Rs 446.79 crore for Assessment Year 2018-2019 from the office of the Deputy Commissioner of Income Tax, Central Circle Chennai.

Shriram Properties Receives Penalty Order of Rs 446.79 Crore - 02 Apr, 2024

Shriram Properties and Infrastructure Private Ltd, a subsidiary of Shriram Properties, has received a penalty order of Rs 446.79 crore from the Deputy Commissioner of Income Tax for FY18. The company intends to challenge the order before higher courts or authorities within the prescribed time period.