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Keystone Realtors Limited

Keystone Realtors Limited

RUSTOMJEE.BO
Keystone Realtors LimitedIN flagBombay Stock Exchange
428.55
INR
-4.45
- -
54.07BMarket Cap
Keystone Realtors Limited
RUSTOMJEE.BO
(Bombay Stock Exchange)

Recent

price

428.55

P/E

ratio

- -

div

yld

- -

ROIC.AI

2020
2021
2022
2023
2024
2025
2026
TTM
FRC
104.72
70.02
123.46
60.46
189.95
161.41
208.8
209.34
Revenue per Share
1.93
27.27
13.77
7.67
9.85
13.85
6.25
6.27
Basic EPS, GAAP
30.62
56.34
-10.84
28.02
15.7
-2.47
-41.02
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
1.5
- -
Dividend per Share
2.01
37.62
55.41
57.6
64.32
73.68
10.01
10.03
Book Value per Share
10.96
70.93
93.39
156.36
129.6
198.64
204.17
204.7
Tangible Book Value per Share
114
114
101
107
114
124
126
126
Basic Weighted Avg Shares
11,926
7,974
12,522
6,461
21,631
20,041
26,345
26,345
Sales/Revenue/Turnover
11.23
17.36
14.1
15.88
4.79
10.08
3.96
3.96
Operating Margin (%)
33
20
36
48
79
137
185
179
Depreciation Expense
220
3,105
1,396
820
1,122
1,720
789
789
Net Income, GAAP
77.09
19.93
26.33
26.2
23.14
26.79
14.07
14.07
Effective Tax Rate (%)
1.84
38.94
11.15
12.68
5.19
8.58
2.99
2.99
Profit Margin (%)
2,051
4,962
5,708
11,648
16,634
23,058
24,558
24,558
Working Capital
2,906
1,918
1,449
1,057
6,231
2,790
4,310
4,310
LT Debt
2,801
8,238
9,632
16,867
17,942
27,846
28,944
28,944
Total Equity
- -
4.58
5.66
2.87
2.83
4.45
2.2
2.2
Return on Invested Capital (%)
- -
24.66
8.38
5.81
8.26
10.49
7.47
7.47
Return on Capital (%)
- -
137.59
28.2
13.92
16.65
20.88
15.15
15.15
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
7,582
- -
10,530
LT Borrowings
4,436
- -
4,172
LT Finance Leases
171
- -
138
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
126
- -
126
Market Capitalization
74,502
66,361
46,974

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
59,830
- -
56,319
Cash, Cash Equivalents & STI
13,616
- -
11,269
Accounts Receivable, Net
1,233
- -
3,390
Inventories
39,060
- -
36,694
Total Current Liabilities
34,732
- -
31,761
Payables & Accruals
- -
- -
- -
ST Debt
7,582
- -
10,530
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
31.51%
3.94%
Free Cash Flow
- -
187.93%
1,586.64%
Net Income, GAAP
- -
-12.06%
-54.14%
Sales/Revenue/Turnover
- -
53.51%
31.46%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,720
6,180
5,207
7,524
21,631
2025
4,222
5,331
4,640
5,848
20,041
2026
2,731
4,993
2,662
15,960
26,345

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4.12
0.39
2.65
- -
9.85
2025
2.16
5.36
1.2
5.14
13.85
2026
1.15
0.68
0.27
4.15
6.25

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
1.5
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Business
Keystone Realtors Limited (RUSTOMJEE.BO) is a premium real estate developer focused on residential, commercial, and retail properties in India. The company offers a diverse portfolio of products and services, including luxury residential apartments under the flagship Rustomjee brand; mid-luxury housing projects such as Crown Jewels and Urban Epoch; commercial office spaces like Paramount Trade Centre; retail developments including Rustomjee Galleria; and plotted developments through its subsidiary Ozone India. It operates primarily in key urban markets across Mumbai Metropolitan Region (MMR), Pune, and Hyderabad, catering to affluent homebuyers, investors, and corporate tenants seeking high-quality, sustainable built environments. Founded in 1995 and headquartered in Mumbai, India, Keystone Realtors emphasizes innovative design, green building certifications, and customer-centric amenities in its projects. In recent developments, the company launched several new residential projects in 2024-2025, including Rustomjee Paramount in Mumbai and expansions in Pune's Undri and Hinjewadi areas, alongside the completion of Rustomjee Sonata in Thane with over 1,000 units delivered. Keystone secured strategic funding through a Rs 1,200 crore qualified institutional placement (QIP) in late 2024 to fuel land acquisitions and project pipelines, marking one of its largest capital raises. It also entered a joint development agreement with Kalpataru Projects for a Mumbai redevelopment project in 2025, enhancing its MMR footprint, while Ozone India, its subsidiary, introduced new plotted developments in Hyderabad targeting NRI investors.