Keystone Realtors Limited
NSE: RUSTOMJEE · Residential, Commercial Projects · sector
₹331.75NSE close 2026-10-26
Key numbers
Market cap₹4,188 cr
Price₹331.75
52w high / low₹583 / ₹332
P/E35.6xSector median 18.7x
P/B1.5xSector median 1.4x
Book value₹226.8
Dividend yield0.45%Sector median 0.54%
ROE4.5%Sector median 5.5%
ROCE6.0%Sector median 6.5%
OPM6.7%Sector median 12.1%
Debt / equity0.51xSector median 0.36x
EV/EBITDA25.0xSector median 17.7x
Interest cover2.5x
Current ratio1.77x
Sales growth 3y+56.6%Sector median +16.6%
Profit growth 3y+5.0%Sector median +28.0%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 141 companies in Residential, Commercial Projects (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹886 cr vs borrowings ₹1,463 cr (FY26): borrowings are higher by ₹577 cr.
- Operating profit covered interest 2.5x in the last 12 months.
- Promoter holding fell by 3.71 percentage points in a year, to 74.54% (2026-09-30).
- Operating cash flow was below net profit in 2 of the last 4 years (FY26, FY25).
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- Other income was 70% of net profit in the last 12 months.
- Debtor days went from 17 (FY24) to 47 (FY26).
- Dividend paid in 1 of the last 4 financial years.
- Price ₹331.75 on 2026-10-26: -43.1% from the 52-week high, 0.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹737.80 · low ₹331.75
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 533 | 464 | 585 | 273 | 499 | 266 | 1,596 | 470 |
| EBITDA | 81 | 41 | 50 | 14 | 15 | 11 | 81 | 82 |
| OPM % | 15.1% | 8.9% | 8.6% | 5.0% | 3.1% | 4.3% | 5.1% | 17.5% |
| Other income | 23 | 22 | 57 | 16 | 22 | 28 | 17 | 23 |
| Net profit | 66 | 15 | 65 | 15 | 9 | 3 | 64 | 52 |
| EPS (₹) | 5.36 | 1.20 | 5.41 | 1.15 | 0.68 | 0.27 | 4.15 | 4.21 |
| Revenue YoY | -6.3% | -42.6% | +172.9% | +72.2% | ||||
| Profit YoY | -87.1% | -77.6% | -1.8% | +260.9% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|
| Revenue | 686 | 2,222 | 2,004 | 2,635 | 2,832 |
| EBITDA | 104 | 110 | 215 | 122 | 191 |
| Net profit | 82 | 112 | 172 | 95 | 128 |
| EPS (₹) | 7.67 | 9.85 | 13.85 | 6.25 | 9.31 |
| Revenue growth | +224.1% | -9.8% | +31.5% | +52.6% | |
| Profit growth | +36.9% | +53.2% | -44.8% | -20.4% | |
| Dividend / share (₹) | – | – | – | 1.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +56.6% | – | +52.6% |
| Net profit | +5.0% | – | -20.4% |
| EPS | -6.6% | – | – |
| Share price | – | -31.4% (2y) | -41.6% |
Balance sheet
| ₹ cr | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Shareholders' equity | 1,669 | 1,798 | 2,772 | 2,863 |
| Borrowings | 1,030 | 1,085 | 904 | 1,463 |
| Cash & equivalents | 417 | 370 | 854 | 886 |
| Total assets | 4,515 | 5,972 | 6,649 | 6,723 |
| Fixed assets | 14 | 28 | 49 | 22 |
| Capital work in progress | 0 | 0 | 0 | – |
| Investments | 90 | 102 | 158 | 243 |
| Receivables | 62 | 105 | 83 | 339 |
| Inventory | 2,570 | 3,710 | 3,861 | 3,669 |
| Payables | 353 | 642 | 792 | 1,045 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Cash from operations | 306 | 183 | -11 | -509 |
| Cash from investing | 27 | -278 | -65 | -79 |
| Cash from financing | -30 | -38 | 484 | 418 |
| Capex | 7 | 5 | 19 | 9 |
| Free cash flow | 299 | 179 | -31 | -518 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| ROE % | 4.9% | 6.2% | 6.2% | 3.3% |
| ROCE % | 5.1% | 5.4% | 8.7% | 4.3% |
| Debtor days | 33 | 17 | 15 | 47 |
| Inventory days | 2,143 | 727 | 974 | 642 |
| Payable days | 294 | 126 | 200 | 183 |
| Cash conversion cycle (days) | 1,882 | 618 | 789 | 506 |
| Working capital days | 620 | 273 | 420 | 340 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 74.54% |
| FIIs | 2.44% |
| DIIs | 16.28% |
| of which Mutual funds | 8.29% |
| of which Insurance | 5.73% |
| Public (non-institutions) | 6.74% |
| Quarter | Mar 2025 | Jun 2025 | Sep 2025 | Oct 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 78.35% | 78.34% | 78.25% | 74.63% | 74.59% | 74.59% | 74.59% | 74.54% |
| Promoter group | % |
|---|---|
| Boman Rustom Irani | 36.09% |
| Percy Chowdhry | 18.04% |
| Chandresh Dinesh Mehta | 18.02% |
| Dreamz Dwellers Llp | 2.29% |
| Viking Trust | 0.04% |
| Chandresh Mehta Family Trust | 0.02% |
| Percy Chowdhry Family Trust | 0.02% |
| Kinjal C Mehta | 0.01% |
| Neepa Vikram Shah | 0.01% |
| Perizaad Zorabian Iran | 0.00% |
| Zayaan Boman Irani | 0.00% |
| Zaha Boman Irani | 0.00% |
| Sohrabh Zorabian | 0.00% |
| Shazaad Zorabian | 0.00% |
| Zorabian Agro Private Limited | 0.00% |
| Public holders above 1% | % |
|---|---|
| Quant Mutual Fund - Quant Small CAP Fund | 4.92% |
| SBI Life Insurance Co. Ltd | 2.47% |
| Tata Mutual Fund - Tata Small CAP Fund | 2.39% |
| Aditya Birla SUN Life Insurance Company Limited | 1.52% |
| HDFC Capital Affordable Real Estate Fund-3 | 1.19% |
| ICICI Prudential Life Insurance Company Limited | 1.17% |
20,918 shareholders. Pledged: – of promoter shares.
Peers in Residential, Commercial Projects
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| DLF | ₹1,63,939 cr | 35.9x | 3.6x | 10.3% | 6.3% | 14.8% | +12.9% | 0.90% |
| LODHA | ₹97,912 cr | 23.7x | 4.2x | 19.0% | 17.9% | 32.2% | +20.8% | 0.43% |
| PHOENIXLTD | ₹67,737 cr | 52.9x | 6.2x | 11.9% | 15.4% | 59.1% | +18.8% | 0.13% |
| PRESTIGE | ₹60,152 cr | 52.8x | 3.7x | 7.2% | 10.5% | 28.1% | +15.1% | 0.12% |
| OBEROIRLTY | ₹57,522 cr | 21.9x | 3.0x | 14.7% | 16.9% | 57.1% | +12.8% | 0.51% |
| GODREJPROP | ₹45,942 cr | 28.7x | 2.4x | 8.8% | 6.9% | -7.7% | +31.6% | – |
| BRIGADE | ₹17,781 cr | 25.6x | 2.6x | 11.2% | 10.9% | 27.0% | +18.3% | 0.35% |
| ANANTRAJ | ₹16,514 cr | 27.8x | 2.9x | 11.6% | 11.1% | 27.0% | +37.9% | 0.15% |
| SOBHA | ₹12,247 cr | 64.1x | 2.6x | 4.1% | 6.5% | 6.5% | +16.2% | 0.26% |
| RUSTOMJEE | ₹4,188 cr | 35.6x | 1.5x | 4.5% | 6.0% | 6.7% | +56.6% | 0.45% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2025-05-23 | Dividend | Dividend - Rs 1.50 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Real Estate: Construction
| Sector | Consumer Discretionary |
| Industry | Residential, Commercial Projects |
| Sub-industry | Residential, Commercial Projects |
| Symbol | RUSTOMJEE |
| BSE code | 543669 |
| ISIN | INE263M01029 |
| Face value | ₹10.0 |
| Incorporated | 1995-11-06 |
| Website | WWW.RUSTOMJEE.COM |
| Plants (India / abroad) | 19 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.