MarketFriction

Radhe Developers (India) Ltd

BSE 531273 · Residential, Commercial Projects
₹1.35 -2.17%
BSE close2026-10-01
Market cap₹74.6 Cr.

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales0.001.224.290.203.270.004.196.152.490.082.390.00
Expenses1.122.624.540.801.271.121.301.411.371.182.170.82
Operating Profit-1.12-1.40-0.25-0.602.00-1.122.894.741.12-1.100.22-0.82
OPM %-114.75%-5.83%-300.00%61.16%68.97%77.07%44.98%-1,375.00%9.21%
Other Income0.000.010.150.000.000.030.000.000.010.020.100.02
Interest0.040.070.510.240.300.020.450.200.180.210.210.19
Depreciation0.230.310.200.180.180.180.190.180.180.250.270.20
Profit before tax-1.39-1.77-0.81-1.021.52-1.292.254.360.77-1.54-0.16-1.19
Tax %0.00%-3.39%22.22%0.00%2.63%6.98%-0.44%11.01%-2.60%-0.65%-168.75%0.84%
Net Profit-1.39-1.71-0.99-1.021.49-1.382.263.880.79-1.530.11-1.20
EPS in Rs-0.03-0.03-0.02-0.020.03-0.030.040.070.02-0.030.00-0.02
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales16.575.529.9910.653.860.8943.6014.346.767.6611.764.96
Expenses12.305.759.0610.045.213.0810.8212.899.554.476.785.54
Operating Profit4.27-0.230.930.61-1.35-2.1932.781.45-2.793.194.98-0.58
OPM %25.77%-4.17%9.31%5.73%-34.97%-246.07%75.18%10.11%-41.27%41.64%42.35%-11.69%
Other Income0.031.981.020.150.01-0.250.020.99-0.120.030.140.15
Interest0.040.050.320.180.040.040.100.340.681.030.810.79
Depreciation0.270.440.590.580.590.560.360.510.970.740.880.90
Profit before tax3.991.261.040.00-1.97-3.0432.341.59-4.561.453.43-2.12
Tax %25.81%19.84%39.42%-3.05%-4.28%21.99%55.35%1.75%7.59%5.54%
Net Profit2.971.010.63-0.05-1.91-2.9125.230.71-4.631.353.24-1.83
EPS in Rs0.060.020.01-0.00-0.04-0.060.500.01-0.090.030.06-0.03
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-3%68%-6%-64%
Compounded Profit Growth1%26%66%-129%
Stock Price CAGR5%-12%-23%-37%
Return on Equity5%10%0%5%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital25.1825.1825.1825.1825.1825.1825.1825.1850.3650.3652.3754.89
Reserves5.828.788.248.888.836.934.0229.264.800.198.1615.30
Borrowings0.153.873.378.380.181.100.4910.4822.7842.4334.9230.10
Other Liabilities39.6027.5625.1621.4925.3926.8528.6034.1047.9246.9045.6740.83
Total Liabilities70.7565.3961.9563.9359.5860.0658.2999.02125.86139.88141.12141.12
Fixed Assets0.862.083.833.262.693.041.432.885.103.412.765.42
CWIP0.410.000.000.000.000.000.000.000.000.000.000.00
Investments0.090.010.000.000.000.000.000.000.000.000.000.00
Other Assets69.3963.3058.1260.6756.8957.0256.8696.14120.76136.47138.36135.70
Total Assets70.7565.3961.9563.9359.5860.0658.2999.02125.86139.88141.12141.12
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-3.10-5.042.81-2.005.26-0.14-0.02-8.39-9.14-18.66-0.832.91
Cash from Investing Activity0.03-0.93-2.21-0.030.00-0.950.81-1.78-2.730.58-0.09-3.73
Cash from Financing Activity5.863.69-1.062.29-5.340.93-0.659.9011.9818.980.040.79
Net Cash Flow2.79-2.29-0.470.26-0.09-0.150.15-0.260.110.90-0.87-0.03
Free Cash Flow-3.06-6.060.59-2.035.26-1.090.79-10.17-11.86-18.08-0.92-0.82
CFO/OP425%-118%-1,535%-208%870%10%1%-4%-606%669%-26%65%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days941.9468.517.934.750.690.954.100.080.2516.740.000.00
Inventory Days3,947.2917,621.393,930.081,130.623,618.6611,372.94
Days Payable222.961,345.09256.2433.43108.76492.46
Cash Conversion Cycle941.943,792.8316,284.233,678.591,097.883,510.8410,884.580.080.2516.740.000.00
Working Capital Days-8,665.81-66.52833.81457.80341.69778.231,250.84-100.96-353.80-669.53-128.18-36.62
ROCE %-3.02%11.86%3.56%3.46%0.47%-5.73%-8.74%68.58%2.70%-4.38%2.63%4.33%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters44.58%44.98%45.16%45.16%45.16%47.27%47.27%47.27%47.27%47.27%49.69%49.69%
DIIs0.04%0.04%0.04%0.04%0.04%0.04%0.04%0.04%0.04%0.04%0.04%0.04%
Public55.38%54.97%54.79%54.80%54.80%52.69%52.68%52.69%52.69%52.69%50.28%50.27%
No. of Shareholders35,07138,50644,86644,24945,24245,73545,73944,62845,30045,53145,00944,510

Fundamentals

Market Cap₹ 74.6 Cr.
Current Price₹ 1.36
Book Value₹ 1.28
ROCE4.33 %
ROE4.96 %
Dividend Yield0.00 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)-64%
Compounded Profit Growth (TTM)-129%
Standalone figures.
Valuation
Market capRs 74 Cr
Enterprise valueRs 104 Cr
Price to book1.06x
Price to sales6.30x
EV / sales8.83x
Price to cash flow25.46x
Earnings yield-2.47%
P/E, 3-year average37.64x
P/B, 3-year average1.78x
P/E, 5-year average146.17x
P/B, 5-year average2.46x
Profitability
Operating margin (excl. other income)42.35%
Operating margin (incl. other income)43.54%
EBITDA margin-3.66%
Pre-tax margin-18.03%
Net profit margin-15.56%
ROE4.96%
ROCE4.33%
ROA2.30%
ROE, 3-year average-0.46%
ROCE, 3-year average0.81%
ROA, 3-year average-0.08%
ROE, 5-year average12.05%
ROCE, 5-year average14.74%
ROA, 5-year average6.50%
ROIC (approx.)-1.26%
Tax rate5.54%
Other income / net worth0.20%
Growth
Sales growth (latest year)53.52%
Profit growth (latest year)140.00%
Sales CAGR, 3 years-6.40%
Sales CAGR, 5 years67.57%
Profit CAGR, 3 years65.87%
Profit growth QoQ-1190.91%
Profit growth YoY (latest quarter)-130.93%
Per share
EPS (TTM)Rs -0.03
EPS (latest year)Rs 0.06
EPS (latest quarter)Rs -0.02
EPS, 3-year averageRs -0.00
EPS, 5-year averageRs 2.01
Book value per shareRs 1.28
Sales per shareRs 0.21
Cash flow per shareRs 0.05
Free cash flow per shareRs -0.01
Efficiency
Asset turnover0.08x
Fixed asset turnover2.17x
Inventory turnover0.04x
Inventory days8755 days
Creditor days492 days
Cash conversion cycle0 days
Working capital days-37 days
Leverage
Total debtRs 30 Cr
Cash and bankRs 0 Cr
Net debtRs 30 Cr
Debt to equity0.43x
Interest coverage-1.68x
Owners' fund to total sources49.74%
Debt to assets21.33%
Cash flow
Cash from Operating Activity (latest year)Rs 3 Cr
Cash from Investing Activity (latest year)Rs -4 Cr
Cash from Financing Activity (latest year)Rs 1 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs -1 Cr
FCFE (approx.: FCF + change in debt)Rs -6 Cr
Cash from ops / profit, 5 years-1.32x
Sales to cash flow4.04x
Statement figures
Net sales (TTM)Rs 12 Cr
Net sales (latest year)Rs 12 Cr
Operating profit excl. other income (latest year)Rs 5 Cr
Operating profit (latest quarter)Rs -1 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs -0 Cr
PBDT (TTM)Rs -1 Cr
Profit before tax (TTM)Rs -2 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs -2 Cr
Net profit (latest year)Rs 3 Cr
Net profit (latest quarter)Rs -1 Cr
Depreciation (TTM)Rs 1 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 2 Cr
Total expenditure (latest year)Rs 7 Cr
Total income (latest year)Rs 12 Cr
Share capitalRs 55 Cr
ReservesRs 15 Cr
Shareholders' fundsRs 70 Cr
Total assetsRs 141 Cr
Net blockRs 5 Cr
InventoryRs 53 Cr
Other liabilitiesRs 41 Cr
Shares outstanding (crore)54.89
Ownership
Promoter holding49.69% (+2.42 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 1.06 is at the 19th percentile (median 1.69).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
Period531273Nifty 50Difference
1 week-4.3%-2.8% -1.5 pts
1 month-6.9%-6.8% -0.1 pts
3 months-19.6%-7.6% -12.0 pts
3 years-56.2%+14.2% -70.3 pts
5 years-52.5%+27.9% -80.4 pts

Red flags

F-score 6 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹0 Cr -100.0% vs Jun 2025. Net loss ₹1 Cr.

Activity

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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Radhe Developers (India) Ltd?

Radhe Developers (India) Ltd (531273) has a market capitalisation of Rs 74.6 Cr. at the 2026-10-01 close.

What were Radhe Developers (India) Ltd's latest quarterly results?

In the Jun 2026 quarter, Radhe Developers (India) Ltd sales was Rs 0 Cr (-100.0% vs Jun 2025) with a net loss of Rs 1 Cr.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03