CMP: 26

Unitech Limited is a real estate development company. The Company develops self-sustaining residential areas, commercial spaces, amusement parks, infrastructure development, thermal power plants, transmission lines, highways, flyovers, industrial facilities, steel plants, and overseas turnkey projects.

Unitech is currently trading at a P/E of 27 which is expensive considering huge debt levels and lowering profits. It runs at a debt of over 2500 Crores with just 68 Crores cash in hand. Revenues have dipped from 2500 Crores to 1206 Crores in the last 5 years. Profits have dipped from 983 Crores to 327 Crores in the last 5 years. Recent quarter results have been even more bad. Customer satisfaction also has been low on delayed project execution. From an investor perspective, I don't see much upside. Upside to downside risk is not by any means encouraging. Its best Avoided. Investors holding Unitech are better off switching their investments to better stocks.