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    Real estate development
Ratnabhumi Developers Ltd.

Ratnabhumi Developers Ltd.

BBSE:RATNABHUMI
170.00
INR
-5.00
(-2.86%)
0.87EPS
259.32P/E
3.16BMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
3.69
4.19
4.48
6.72
0.27
0.83
0.7
2.94
0.12
0.14
0.16
154.52
43.27
34.07
Basic EPS, GAAP
0.23
0.8
1.16
0.97
0.15
0.24
0.26
0.6
0.12
0.17
0.19
4.18
2.29
0.89
Free Cash Flow per Basic Share
0.72
4.39
-0.52
1.65
-3.96
0.98
-1.62
2.41
-46.79
-45.38
-36.89
65.53
-0.81
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
4.47
5.26
6.42
7.38
24.15
24.4
24.66
25.26
25.38
25.55
25.65
29.83
32.12
- -
Tangible Book Value per Share
4.47
5.26
6.42
7.38
24.15
24.4
24.66
25.26
25.38
25.55
25.65
29.83
32.12
- -
Basic Weighted Avg Shares
14
14
14
14
14
14
14
14
14
14
14
14
14
14
Sales/Revenue/Turnover
50
57
61
92
4
12
10
40
2
2
2
2,117
593
466
Operating Margin (%)
22.35
5.87
16.05
19.38
1.74
-17.39
59.76
23.44
1,421.07
3,430.06
6,701.54
8.92
27.11
39.44
Depreciation Expense
1
1
1
- -
- -
- -
- -
- -
- -
1
8
10
8
8
Net Income, GAAP
3
11
16
13
2
3
4
8
2
2
3
57
31
12
Effective Tax Rate (%)
60.3
24.99
27.81
32.27
23.82
23.1
34.41
24.68
- -
- -
- -
24.46
26.18
28.78
Profit Margin (%)
6.18
18.99
25.87
14.44
55.8
28.75
37.13
20.24
106.04
117.77
119.98
2.71
5.3
2.61
Working Capital
139
62
89
134
345
64
64
39
751
1,384
1,997
1,332
1,338
- -
LT Debt
82
34
48
32
12
2
5
6
416
1,091
1,865
1,165
1,092
- -
Total Equity
61
72
88
101
331
334
338
346
348
350
351
409
440
- -
Return on Invested Capital (%)
1.69
6.63
12.21
10.12
0.02
-0.59
1.12
2.05
- -
- -
- -
7.27
7.37
- -
Return on Capital (%)
5.14
12.25
14.52
11.86
2.19
1.26
1.12
2.41
- -
- -
- -
8.61
7.44
- -
Return on Common Equity (%)
5.23
16.36
19.83
14.06
0.95
1
1.07
2.39
0.49
0.67
0.76
15.09
7.41
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
112
- -
LT Borrowings
- -
1,072
- -
LT Finance Leases
- -
20
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
14
14
14
Market Capitalization
3,193
3,288
3,156

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
1,749
- -
Cash, Cash Equivalents & STI
- -
43
- -
Accounts Receivable, Net
- -
1
- -
Inventories
- -
1,690
- -
Total Current Liabilities
- -
410
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
112
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
27.23%
5.11%
7.69%
Free Cash Flow
-383.88%
-489.02%
-101.24%
Net Income, GAAP
208.92%
398.52%
-45.16%
Sales/Revenue/Turnover
9,615.47%
19,137.01%
-71.99%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
519
805
465
346
2,117
2026
285
101
79
149
593
2027
136
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
1.46
0.38
0.43
1.92
4.18
2026
1.46
0.18
0.45
0.21
2.29
2027
0.05
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Kaivan Jitendrakumar Shah
Full Time Employees
15
Sector
Finance
Industry
Real estate development
Address
Ratna Corporate House Ahmedabad GU India 380058
IPO Date
Dec 14, 2017
Website
ratnagroup.co.in
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Business
Ratnabhumi Developers Limited is a real estate development company engaged in the acquisition of land, construction, and development of residential, commercial, retail, and industrial properties primarily in Ahmedabad, India. The company offers comprehensive services including land acquisition; authority liaisoning; planned development; construction and maintenance of buildings and infrastructures; and rental services. It operates under the brand Turquoise for its mixed-development projects and has completed 22 projects to date, with ongoing execution of three mixed-use projects—Turquoise Greenz, Turquoise Grandeure, and Turquoise Dreamz—comprising around 1.16 million square feet of saleable area. Founded in 2006 and headquartered in Ahmedabad, Gujarat, Ratnabhumi Developers serves a primarily domestic market within India. In recent developments, the company completed the acquisition of Ratnabhumi Techno Engg Private Limited in April 2023, enhancing its technical capabilities. It also raised fresh capital through an IPO in late 2025 aimed at funding land acquisitions and strategic initiatives, including a 45% stake in Rajul Projects LLP for the Ratna Artemus II project located in Paldi, Ahmedabad, which involves the construction of a commercial property spanning 48,000 square feet. These moves signal the company’s strategic expansion in both landholdings and project diversification. Ratnabhumi Developers continues to focus on timely project completion to maintain financial flexibility and mitigate saleability risks for its properties.