Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.22 | 0.24 | 0.12 | 51.89 | 80.49 | 46.52 | 34.58 | 28.51 | 10.13 | 7.90 | 14.91 | 13.61 |
| Expenses | -3.34 | -3.95 | -5.06 | 46.20 | 75.85 | 42.94 | 28.53 | 22.84 | 5.54 | 3.66 | 11.33 | 6.83 |
| Operating Profit | 3.56 | 4.19 | 5.18 | 5.69 | 4.64 | 3.58 | 6.05 | 5.67 | 4.59 | 4.24 | 3.58 | 6.78 |
| OPM % | 1,618.18% | 1,745.83% | 4,316.67% | 10.97% | 5.76% | 7.70% | 17.50% | 19.89% | 45.31% | 53.67% | 24.01% | 49.82% |
| Other Income | 0.00 | 0.00 | 0.38 | 0.25 | 0.33 | 0.38 | 0.39 | 0.00 | 0.30 | 0.26 | 0.20 | 0.87 |
| Interest | 3.48 | 4.08 | 5.01 | 4.90 | 4.04 | 3.17 | 2.86 | 2.87 | 4.46 | 3.41 | 3.18 | 7.28 |
| Depreciation | 0.04 | 0.18 | 0.54 | 0.25 | 0.25 | 0.25 | 0.25 | 0.21 | 0.21 | 0.21 | 0.21 | 0.18 |
| Profit before tax | 0.04 | -0.07 | 0.01 | 0.79 | 0.68 | 0.54 | 3.33 | 2.59 | 0.22 | 0.88 | 0.39 | 0.19 |
| Tax % | -25.00% | 0.00% | -900.00% | 20.25% | 36.76% | 14.81% | 24.32% | 24.71% | 27.27% | 30.68% | 25.64% | 31.58% |
| Net Profit | 0.06 | 0.02 | 0.18 | 2.00 | 0.52 | 0.59 | 2.63 | 2.00 | 0.25 | 0.61 | 0.28 | 0.07 |
| EPS in Rs | 0.04 | 0.01 | 0.13 | 1.46 | 0.38 | 0.43 | 1.92 | 1.46 | 0.18 | 0.45 | 0.20 | 0.07 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 0.97 | 4.06 | -1.08 | -11.82 | -7.91 | 209.45 | 61.45 | 46.55 |
| Expenses | 0.37 | 3.06 | -3.37 | -18.76 | -23.47 | 189.50 | 43.37 | 27.36 |
| Operating Profit | 0.60 | 1.00 | 2.29 | 6.94 | 15.56 | 19.95 | 18.08 | 19.19 |
| OPM % | 61.86% | 24.63% | 1,431.25% | 3,154.55% | 5,557.14% | 9.52% | 29.42% | 41.22% |
| Other Income | 0.00 | 0.09 | 0.00 | 0.01 | 0.79 | 1.36 | 0.75 | 1.63 |
| Interest | 0.03 | 0.03 | 2.56 | 7.04 | 15.60 | 14.97 | 13.92 | 18.33 |
| Depreciation | 0.02 | 0.01 | 0.03 | 0.13 | 0.79 | 1.01 | 0.84 | 0.81 |
| Profit before tax | 0.55 | 1.05 | -0.30 | -0.22 | -0.04 | 5.33 | 4.07 | 1.68 |
| Tax % | 34.55% | 22.86% | -13.33% | -4.55% | -200.00% | 24.58% | 26.04% | |
| Net Profit | 0.36 | 0.82 | 0.17 | 0.23 | 0.26 | 5.73 | 3.14 | 1.21 |
| EPS in Rs | 0.26 | 0.60 | 0.12 | 0.17 | 0.19 | 4.18 | 2.29 | 0.90 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 72% | % | -76% | ||
| Compounded Profit Growth | % | 31% | 139% | -79% | ||
| Stock Price CAGR | % | 22% | 7% | -23% | ||
| Return on Equity | % | 5% | 8% | 7% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 13.70 | 13.70 | 13.70 | 13.70 | 13.70 | 13.70 | 13.70 |
| Reserves | 20.09 | 20.90 | 21.07 | 21.31 | 21.43 | 27.17 | 30.31 |
| Borrowings | 0.50 | 0.56 | 41.64 | 109.06 | 193.54 | 119.94 | 121.01 |
| Other Liabilities | 0.18 | 0.21 | 22.11 | 75.86 | 116.73 | 41.92 | 29.30 |
| Total Liabilities | 34.47 | 35.37 | 98.52 | 219.93 | 345.40 | 202.73 | 194.32 |
| Fixed Assets | 0.02 | 0.02 | 0.14 | 0.31 | 6.14 | 5.16 | 17.68 |
| CWIP | 0.00 | 0.00 | 0.00 | 2.31 | 0.00 | 0.00 | 0.00 |
| Investments | 27.98 | 27.03 | 0.66 | 3.02 | 14.86 | 18.85 | 1.23 |
| Other Assets | 6.47 | 8.32 | 97.72 | 214.29 | 324.40 | 178.72 | 175.41 |
| Total Assets | 34.47 | 35.37 | 98.52 | 219.93 | 345.40 | 202.73 | 194.32 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -2.24 | 3.30 | -63.95 | -59.56 | -49.05 | 89.81 | 12.25 |
| Cash from Investing Activity | 2.02 | -3.35 | 29.98 | -5.19 | -15.72 | -0.65 | 3.66 |
| Cash from Financing Activity | 0.22 | 0.03 | 38.52 | 60.38 | 65.64 | -88.55 | -13.49 |
| Net Cash Flow | 0.00 | -0.01 | 4.55 | -4.37 | 0.87 | 0.62 | 2.42 |
| Free Cash Flow | -2.24 | 3.29 | -64.10 | -62.17 | -50.54 | 89.78 | 12.25 |
| CFO/OP | -342% | 354% | -2,793% | -858% | -314% | 456% | 72% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 56.44 | 13.49 | -54.07 | -4.32 | -6.46 | 2.25 | 0.95 |
| Inventory Days | 555.56 | 384.48 | 1,995.11 | ||||
| Days Payable | 7.33 | 6.07 | 8.85 | ||||
| Cash Conversion Cycle | 56.44 | 561.72 | -54.07 | -4.32 | -6.46 | 380.66 | 1,987.20 |
| Working Capital Days | 2,396.96 | 352.41 | 23,853.43 | 4,247.22 | 9,057.63 | 229.21 | 772.11 |
| ROCE % | 3.11% | 4.05% | 6.19% | 8.35% | 10.42% | 11.04% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 73.56% | 73.56% | 73.56% | 73.56% | 73.56% | 73.56% | 73.56% | 73.56% | 73.56% | 73.56% | 73.56% | 73.56% |
| Public | 26.44% | 26.44% | 26.44% | 26.44% | 26.44% | 26.44% | 26.44% | 26.43% | 26.45% | 26.43% | 26.45% | 26.45% |
| No. of Shareholders | 285 | 266 | 272 | 719 | 728 | 741 | 728 | 630 | 620 | 540 | 531 | 530 |
Fundamentals
Market Cap₹ 228 Cr.
Current Price₹ 166
Stock P/E185
Book Value₹ 32.1
ROCE11.0 %
ROE7.40 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-76%
Compounded Profit Growth (TTM)-79%
Consolidated figures.
Valuation
Market capRs 240 Cr
Enterprise valueRs 348 Cr
P/E (TTM)195.09x
Price to book6.85x
Price to sales5.15x
EV / EBITDA16.72x
EV / EBIT17.40x
EV / sales7.48x
Earnings yield0.51%
P/E, 3-year average612.53x
P/B, 3-year average3.87x
Profitability
Operating margin (excl. other income)-58.71%
Operating margin (incl. other income)-58.80%
EBITDA margin44.73%
Pre-tax margin3.61%
Net profit margin2.64%
Net margin, latest quarter0.66%
ROE0.66%
ROCE6.19%
ROA0.14%
ROE, 3-year average1.18%
ROCE, 3-year average4.45%
ROA, 3-year average0.92%
ROIC (approx.)13.34%
Tax rate4.55%
Other income / net worth0.03%
Growth
Sales growth (latest year)994.44%
Profit growth (latest year)35.29%
Profit CAGR, 3 years-13.87%
Sales growth QoQ-8.72%
Profit growth QoQ-67.86%
Sales growth YoY (latest quarter)-52.26%
Profit growth YoY (latest quarter)-95.50%
Per share
EPS (TTM)Rs 0.90
EPS (latest year)Rs 0.17
EPS (latest quarter)Rs 0.07
EPS, 3-year averageRs 0.30
Book value per shareRs 25.55
Sales per shareRs 33.98
Cash flow per shareRs -43.47
Free cash flow per shareRs 8.94
Efficiency
Asset turnover-0.05x
Fixed asset turnover-38.13x
Inventory turnover-0.15x
Debtor days-4 days
Debtors turnover-84.43x
Creditor days9 days
Cash conversion cycle1987 days
Working capital days772 days
Leverage
Total debtRs 109 Cr
Cash and bankRs 1 Cr
Net debtRs 108 Cr
Debt to equity3.12x
Net debt / EBITDA5.20x
Interest coverage1.09x
Owners' fund to total sources15.92%
Debt to assets49.59%
Cash flow
Cash from Operating Activity (latest year)Rs -60 Cr
Cash from Investing Activity (latest year)Rs -5 Cr
Cash from Financing Activity (latest year)Rs 60 Cr
Net Cash Flow (latest year)Rs -4 Cr
Free cash flow (latest year)Rs 12 Cr
FCFE (approx.: FCF + change in debt)Rs 80 Cr
Cash from ops / profit, 5 years-7.40x
Statement figures
Net sales (TTM)Rs 47 Cr
Net sales (latest year)Rs -12 Cr
Sales (latest quarter)Rs 14 Cr
Operating profit excl. other income (latest year)Rs 7 Cr
Operating profit (latest quarter)Rs 7 Cr
Other income (TTM)Rs 2 Cr
EBITDA (TTM)Rs 21 Cr
PBDT (TTM)Rs 2 Cr
Profit before tax (TTM)Rs 2 Cr
Tax (latest year)Rs -0 Cr
Net profit (TTM)Rs 1 Cr
Net profit (latest year)Rs 0 Cr
Net profit (latest quarter)Rs 0 Cr
Depreciation (TTM)Rs 1 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 18 Cr
Cost of goods sold (latest year)Rs -31 Cr
Total expenditure (latest year)Rs -19 Cr
Total income (latest year)Rs -12 Cr
Share capitalRs 14 Cr
ReservesRs 21 Cr
Shareholders' fundsRs 35 Cr
Total assetsRs 220 Cr
Net blockRs 0 Cr
Capital work in progressRs 2 Cr
InvestmentsRs 3 Cr
ReceivablesRs 0 Cr
InventoryRs 211 Cr
Other liabilitiesRs 76 Cr
Shares outstanding (crore)1.37
Ownership
Promoter holding73.56% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 195.1 is at the 61th percentile of its own 2.8-year range
(median 100.5, low 22.4, high 386.3).
P/B 6.85 is at the 61th percentile (median 6.18).
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.
| Period | 540796 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +0.7% | -2.8% | +3.4 pts |
| 1 month | -11.4% | -6.8% | -4.6 pts |
| 3 years | +30.7% | +14.2% | +16.5 pts |
| 5 years | +194.1% | +27.9% | +166.2 pts |
Red flags
F-score 2 of 7| serious | Low interest cover Interest cover 1.0x in 2026 |
| explain | Weak cash conversion Cash from operations was -9853% of net profit over the last 3 years |
| explain | High accruals Profit exceeded operating cash by 27% of total assets in 2026 |
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 2026Sales ₹14 Cr -52.3% vs Jun 2025.
Net profit ₹0 Cr -96.5%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| DLF Ltd | 161,638 | 37.6 | 6.32 % |
| Lodha Developers Ltd | 110,592 | 26.8 | 16.4 % |
| Phoenix Mills Ltd | 68,996 | 53.2 | 12.4 % |
| Oberoi Realty Ltd | 64,099 | 24.2 | 17.3 % |
| Prestige Estates Projects Ltd | 61,056 | 53.6 | 10.4 % |
| Godrej Properties Ltd | 49,232 | 30.4 | 7.63 % |
| Anant Raj Ltd | 21,675 | 37.5 | 12.1 % |
| Brigade Enterprises Ltd | 18,370 | 27.0 | 10.5 % |
| Horizon Industrial Parks Ltd | 14,709 | 3.18 % | |
| Sobha Ltd | 13,008 | 56.4 | 6.86 % |
| Aditya Birla Real Estate Ltd | 12,963 | -4.48 % | |
| SignatureGlobal India Ltd | 10,614 | 2.38 % | |
| Sri Lotus Developers & Realty Ltd | 10,466 | 40.7 | 21.2 % |
| Max Estates Ltd | 9,312 | 1,586 | 1.40 % |
| Embassy Developments Ltd | 7,833 | -2.44 % |
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 Ratnabhumi Developers Ltd?
Ratnabhumi Developers Ltd (540796) has a market capitalisation of Rs 228 Cr. at the 2026-10-01 close.
What is the P/E ratio of Ratnabhumi Developers Ltd?
Ratnabhumi Developers Ltd trades at a P/E of 185 on trailing twelve-month profit, at the 2026-10-01 close.
What were Ratnabhumi Developers Ltd's latest quarterly results?
In the Jun 2026 quarter, Ratnabhumi Developers Ltd sales was Rs 14 Cr (-52.3% vs Jun 2025) and net profit was Rs 0 Cr.