Eldeco's FY26 bookings jump 120% to a record ₹743.9 cr
The micro-cap's Solano Gardens launch drove a single-year sales boom. A new Lucknow land bank adds a pipeline worth 2.5 times its market cap.
— 3 earlier stories on Eldeco Housing & Industries Ltd. →What's new
- FY26 sales bookings hit a record ₹743.9 crore, a 120% year-on-year surge.
- The Solano Gardens project alone accounted for ₹384.5 crore in bookings.
- The company secured three new land parcels in Lucknow with a combined GDV of ~₹2,000 crore.
Why this matters
The numbers are large for a micro-cap. A single project launch contributing ₹384.5 crore and a new land pipeline worth 2.5 times the company's entire market capitalisation change the scale of its future revenue. The test is execution. The gap between these blockbuster bookings and last year's ₹175.7 crore in revenue is wide.
What we're watching
- Execution pace on the new Lucknow land parcels to convert GDV into sales.
- Whether demand can be sustained beyond the Solano Gardens launch.
- If collections growth can accelerate to catch up with the bookings surge.
The full read
Eldeco Housing posted ₹743.9 crore in sales bookings for FY26, a 120% year-on-year jump. The Solano Gardens launch drove the surge, contributing ₹384.5 crore. For a micro-cap, the bigger story may be the land it just added: three parcels in Lucknow with a gross development value of ~₹2,000 crore, or 2.5 times the company's market cap. That pipeline dwarfs its current scale. Bookings were strong, but collections told a slower story, rising 39% to ₹352.1 crore. The gap between signed deals and cash in hand is large. Converting that GDV into delivered homes will be the test. The company delivered 280 homes in FY26 and closed with a record Q4 of ₹382.7 crore in sales. The new land bank gives it visibility, but the execution required to service a ₹2,000 crore pipeline is a different challenge than launching one successful project.
Questions answered
- How much of the record sales came from one project?
- The Solano Gardens project generated ₹384.5 crore in bookings, which is more than half of the total ₹743.9 crore for the year.
- What is the significance of the new Lucknow land deals?
- The three parcels have a combined gross development value of nearly ₹2,000 crore. The rationale notes that figure is 2.5 times Eldeco's entire market capitalisation.
- How do the new bookings compare to collected cash?
- Collections for the year were ₹352.1 crore, a 39% increase. This is roughly half the value of new bookings signed, which is typical for pre-sales but shows a large cash inflow is still pending.
- What was the scale of project completions in FY26?
- The company delivered 280 homes covering 278,248 sq. ft. during the year. It also reported its best-ever quarter in Q4 with sales of ₹382.7 crore.
Eldeco Housing & Industries Ltd.
Latest quarter · Mar 2026
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Story so far
All notes on ELDEHSG →- 25 May 2026 · 7:11 PM IST Eldeco's FY26 bookings jump 120% to a record ₹743.9 cr
- 52d ago Eldeco lifts Solano Gardens margin target after a 10-day sell-out
- 53d ago Eldeco Housing posts 24% revenue growth, but profit lags
- 53d ago Eldeco Housing posts ₹164.9 cr revenue, hikes dividend to ₹9 per share