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 | 618 | 521 | 812 | 422 | 533 | 464 | 585 | 273 | 499 | 266 | 1,596 | 470 |
| Expenses | 632 | 512 | 762 | 381 | 455 | 427 | 537 | 261 | 484 | 256 | 1,514 | 388 |
| Operating Profit | -14 | 9 | 50 | 41 | 78 | 38 | 48 | 12 | 15 | 10 | 81 | 82 |
| OPM % | -2.3% | 1.6% | 6% | 10% | 15% | 8% | 8% | 4.3% | 3.0% | 3.7% | 5% | 17% |
| Other Income | 25 | 34 | 15 | 15 | 23 | 22 | 57 | 16 | 22 | 28 | 25 | 24 |
| Interest | 7 | 7 | 20 | 17 | 10 | 12 | 13 | 7 | 16 | 23 | 33 | 31 |
| Depreciation | 2 | 2 | 3 | 2 | 3 | 3 | 6 | 4 | 4 | 4 | 6 | 5 |
| Profit before tax | 2 | 34 | 42 | 37 | 88 | 45 | 87 | 16 | 17 | 10 | 67 | 70 |
| Tax % | -108% | 11% | 28% | 31% | 26% | 33% | 23% | -3% | 41% | 52% | 5% | 26% |
| Net Profit | 4 | 30 | 30 | 26 | 66 | 30 | 67 | 16 | 10 | 5 | 64 | 52 |
| EPS in Rs | 0.38 | 2.65 | 2.69 | 2.05 | 5.26 | 1.20 | 5.14 | 1.15 | 0.68 | 0.27 | 4.15 | 4.21 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,211 | 849 | 1,269 | 686 | 2,222 | 2,004 | 2,635 | 2,832 |
| Expenses | 1,075 | 746 | 1,092 | 582 | 2,113 | 1,800 | 2,512 | 2,643 |
| Operating Profit | 136 | 102 | 178 | 104 | 110 | 204 | 122 | 189 |
| OPM % | 11% | 12% | 14% | 15% | 4.9% | 10% | 4.6% | 7% |
| Other Income | 57 | 329 | 34 | 44 | 82 | 117 | 85 | 98 |
| Interest | 128 | 140 | 23 | 36 | 40 | 51 | 79 | 102 |
| Depreciation | 2 | 2 | 3 | 5 | 7 | 13 | 18 | 19 |
| Profit before tax | 63 | 290 | 184 | 108 | 144 | 257 | 110 | 165 |
| Tax % | 77% | 20% | 26% | 26% | 23% | 27% | 14% | |
| Net Profit | 14 | 232 | 136 | 80 | 111 | 188 | 95 | 131 |
| EPS in Rs | 2.20 | 31.04 | 13.96 | 7.20 | 9.85 | 13.64 | 6.25 | 9.31 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 11% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 25% | 57% | 53% | ||
| Compounded Profit Growth | % | -24% | -1% | -27% | ||
| Stock Price CAGR | % | % | -14% | -38% | ||
| Return on Equity | % | 6% | 5% | 3% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 100 | 100 | 100 | 114 | 114 | 126 | 126 |
| Reserves | 327 | 701 | 833 | 1,556 | 1,684 | 2,646 | 2,737 |
| Borrowings | 2,514 | 1,220 | 1,563 | 1,030 | 1,101 | 930 | 1,484 |
| Other Liabilities | 1,474 | 1,633 | 1,382 | 1,816 | 3,033 | 2,894 | 2,363 |
| Total Liabilities | 4,415 | 3,654 | 3,877 | 4,515 | 5,932 | 6,596 | 6,710 |
| Fixed Assets | 195 | 29 | 33 | 39 | 355 | 375 | 366 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 5 | 595 | 575 | 642 | 456 | 484 | 546 |
| Other Assets | 4,215 | 3,029 | 3,268 | 3,834 | 5,121 | 5,737 | 5,798 |
| Total Assets | 4,415 | 3,654 | 3,877 | 4,515 | 5,932 | 6,596 | 6,710 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 351 | 642 | -110 | 306 | 183 | -11 | -509 |
| Cash from Investing Activity | -200 | -235 | -138 | 27 | -278 | -65 | -79 |
| Cash from Financing Activity | 171 | -609 | 154 | -30 | -38 | 484 | 418 |
| Net Cash Flow | 323 | -202 | -93 | 303 | -132 | 408 | -169 |
| Free Cash Flow | 349 | 642 | -110 | 299 | 179 | -31 | -517 |
| CFO/OP | 290% | 646% | -45% | 343% | 204% | 15% | -384% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 19 | 16 | 33 | 33 | 17 | 15 | 47 |
| Inventory Days | 3,791 | 5,193 | 1,482 | 3,622 | |||
| Days Payable | 380 | 555 | 256 | 1,032 | |||
| Cash Conversion Cycle | 3,431 | 4,653 | 33 | 33 | 1,242 | 15 | 2,637 |
| Working Capital Days | -58 | 90 | 94 | 398 | 212 | 264 | 217 |
| ROCE % | 18% | 9% | 5% | 7% | 9% | 5% |
| 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 | 86.71% | 86.70% | 86.70% | 78.35% | 78.35% | 78.35% | 78.34% | 78.34% | 78.25% | 74.59% | 74.59% | 74.59% |
| FIIs | 1.53% | 2.44% | 2.33% | 3.24% | 3.40% | 3.28% | 3.10% | 2.81% | 3.07% | 3.07% | 2.54% | 2.35% |
| DIIs | 7.97% | 8.19% | 8.72% | 16.39% | 16.12% | 16.15% | 16.19% | 16.30% | 15.76% | 16.61% | 17.13% | 16.38% |
| Public | 3.80% | 2.68% | 2.26% | 2.02% | 2.11% | 2.22% | 2.37% | 2.53% | 2.92% | 5.74% | 5.75% | 6.69% |
| No. of Shareholders | 18,560 | 16,739 | 15,800 | 15,792 | 18,357 | 18,943 | 19,144 | 19,669 | 19,447 | 19,544 | 18,917 | 19,787 |
Fundamentals
Market Cap₹ 4,591 Cr.
Current Price₹ 363
Stock P/E39.1
Book Value₹ 227
ROCE4.68 %
ROE2.80 %
Dividend Yield0.41 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)53%
Compounded Profit Growth (TTM)-27%
Consolidated figures.
Valuation
Market capRs 4,114 Cr
Enterprise valueRs 4,732 Cr
P/E (TTM)35.01x
Price to book2.46x
Price to sales1.45x
EV / EBITDA16.52x
EV / EBIT17.69x
EV / sales1.67x
Price to cash flow13.44x
Earnings yield2.86%
P/E, 3-year average64.36x
P/B, 3-year average3.16x
Profitability
Operating margin (excl. other income)15.14%
Operating margin (incl. other income)21.63%
EBITDA margin10.12%
Pre-tax margin5.83%
Net profit margin4.15%
Net margin, latest quarter11.30%
ROE6.30%
ROCE5.53%
ROA1.95%
ROE, 3-year average24.32%
ROCE, 3-year average10.68%
ROA, 3-year average4.45%
ROIC (approx.)8.63%
Tax rate26.20%
Other income / net worth2.66%
Growth
Sales growth (latest year)-45.98%
Profit growth (latest year)-41.30%
Sales CAGR, 3 years-17.28%
Profit CAGR, 3 years55.06%
Sales growth QoQ-70.53%
Profit growth QoQ1.37%
Sales growth YoY (latest quarter)72.19%
Profit growth YoY (latest quarter)266.23%
Per share
EPS (TTM)Rs 10.32
EPS (latest year)Rs 7.20
EPS (latest quarter)Rs 4.67
EPS, 3-year averageRs 17.40
Book value per shareRs 146.60
Sales per shareRs 248.66
Cash flow per shareRs 26.88
Free cash flow per shareRs -45.40
Efficiency
Asset turnover0.15x
Fixed asset turnover17.41x
Inventory turnover0.17x
Inventory days2132 days
Debtor days33 days
Debtors turnover11.12x
Creditor days1032 days
Cash conversion cycle2637 days
Working capital days217 days
Leverage
Total debtRs 1,030 Cr
Cash and bankRs 412 Cr
Net debtRs 618 Cr
Debt to equity0.62x
Net debt / EBITDA2.16x
Interest coverage2.61x
Current ratio (filing 2026-03-31)1.77x
Quick ratio (filing 2026-03-31)0.62x
Trade payables (filing 2026-03-31)Rs 1,045 Cr
Owners' fund to total sources36.97%
Debt to assets22.82%
Cash flow
Cash from Operating Activity (latest year)Rs 306 Cr
Cash from Investing Activity (latest year)Rs 27 Cr
Cash from Financing Activity (latest year)Rs -30 Cr
Net Cash Flow (latest year)Rs 303 Cr
Free cash flow (latest year)Rs -517 Cr
FCFE (approx.: FCF + change in debt)Rs -1,049 Cr
Cash from ops / profit, 5 years-0.23x
Sales to cash flow2.24x
Statement figures
Net sales (TTM)Rs 2,832 Cr
Net sales (latest year)Rs 686 Cr
Sales (latest quarter)Rs 470 Cr
Operating profit excl. other income (latest year)Rs 104 Cr
Operating profit (latest quarter)Rs 82 Cr
Other income (TTM)Rs 98 Cr
EBITDA (TTM)Rs 286 Cr
PBDT (TTM)Rs 184 Cr
Profit before tax (TTM)Rs 165 Cr
Tax (latest year)Rs 28 Cr
Net profit (TTM)Rs 117 Cr
Net profit (latest year)Rs 82 Cr
Net profit (latest quarter)Rs 53 Cr
Depreciation (TTM)Rs 19 Cr
Depreciation (latest quarter)Rs 5 Cr
Interest (TTM)Rs 102 Cr
Cost of goods sold (latest year)Rs 440 Cr
Total expenditure (latest year)Rs 582 Cr
Total income (latest year)Rs 730 Cr
Share capitalRs 114 Cr
ReservesRs 1,556 Cr
Shareholders' fundsRs 1,669 Cr
Total assetsRs 4,515 Cr
Net blockRs 39 Cr
InvestmentsRs 642 Cr
ReceivablesRs 62 Cr
InventoryRs 2,570 Cr
Other liabilitiesRs 1,816 Cr
Shares outstanding (crore)11.39
Ownership
Promoter holding74.59% (-3.75 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 35.0 is at the 20th percentile of its own 3.4-year range
(median 46.7, low 21.3, high 368.6).
P/B 2.46 is the lowest in 3.4 years (median 7.71).
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 | RUSTOMJEE | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -0.8% | -2.8% | +2.0 pts |
| 1 month | -3.9% | -6.8% | +2.9 pts |
| 3 months | -16.5% | -7.6% | -8.9 pts |
| 6 months | -3.4% | +0.4% | -3.9 pts |
| 1 year | -40.2% | -9.9% | -30.3 pts |
| 2 years | -51.0% | -13.6% | -37.5 pts |
| 3 years | -35.7% | +14.2% | -49.9 pts |
6 mutual fund schemes hold about ₹401 Cr.
Over three months 1 bought more and 1 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| Quant Small Cap Fund | 0.66% | 236 | -0% |
| Tata Small Cap Fund | 0.79% | 104 | +4% |
| Bandhan Small Cap Fund | 0.12% | 42 | -9% |
| Tata Housing Opportunities Fund | 2.25% | 11 | +9% |
| WOC Special Opp Fund | 0.45% | 9 | -4% |
| Motilal Oswal BSE 1000 Index Fund | 0.01% | 0 | +3% |
Red flags
F-score 5 of 8| look | Inventory outrunning sales Inventory grew 14% vs sales -46% in 2026 |
| look | Share dilution Share count up 14% in a year, 14% in three |
| look | Profit leans on other income Other income was 41% of pre-tax profit 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 ₹470 Cr +72.2% vs Jun 2025.
Net profit ₹52 Cr +225.0%.
Against our estimate for Jun 2026: sales +7.6%, profit +295.9% beat. Our estimate for Sep 2026: sales Rs 798 Cr, profit Rs 24 Cr (how).
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.
| Ex-date | Action | Factor |
|---|---|---|
| 2025-05-23 | Dividend - Rs 1.50 Per Share |
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 Keystone Realtors Ltd?
Keystone Realtors Ltd (RUSTOMJEE) has a market capitalisation of Rs 4,591 Cr. at the 2026-10-01 close.
What is the P/E ratio of Keystone Realtors Ltd?
Keystone Realtors Ltd trades at a P/E of 39.1 on trailing twelve-month profit, at the 2026-10-01 close.
What were Keystone Realtors Ltd's latest quarterly results?
In the Jun 2026 quarter, Keystone Realtors Ltd sales was Rs 470 Cr (+72.2% vs Jun 2025) and net profit was Rs 52 Cr.
What is the 52-week high and low of Keystone Realtors Ltd?
The 52-week high is Rs 634.00 and the 52-week low is Rs 331.90.