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Keystone Realtors Limited

Keystone Realtors Limited

RUSTOMJEE.NS
Keystone Realtors LimitedIN flagNational Stock Exchange of India
424.05
INR
+2.60
- -
53.53BMarket Cap
Keystone Realtors Limited
RUSTOMJEE.NS
(National Stock Exchange of India)

Recent

price

424.05

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
- -
209.34
Revenue per Share
1.93
27.27
13.77
7.67
9.85
13.85
- -
6.27
Basic EPS, GAAP
30.62
56.34
-10.84
28.02
15.7
-2.47
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
2.01
37.62
55.41
57.6
64.32
73.68
- -
10.03
Book Value per Share
10.96
70.93
93.39
156.36
129.6
198.64
- -
204.7
Tangible Book Value per Share
114
114
101
107
114
124
- -
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
74,364
66,254
47,087

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
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Keystone Realtors Limited (RUSTOMJEE.NS), operating under the brand Rustomjee, is an India-based real estate developer primarily engaged in the construction and development of residential buildings including 1-5 BHK apartments, premium gated estates, integrated townships, standalone landmarks, corporate parks, retail spaces, clubhouses, schools, and parks within townships; it also offers commercial properties and eco-friendly construction solutions across the Mumbai Metropolitan Region (MMR). Founded in 1995 and headquartered at 702 Natraj, M.V. Road Junction, Western Express Highway, Andheri East, Mumbai, the company follows an asset-light model through joint development agreements, redevelopment projects with societies and landowners, and slum rehabilitation initiatives, targeting mid-market, aspirational, luxury, and commercial segments with approximately 37 completed projects, 16 ongoing, and 28 forthcoming spanning over 25 million square feet developed and 42 million square feet in the pipeline. Recent developments include the addition of three strategic redevelopment projects in H1 FY26—GTB Nagar in Sion, Lokhandwala Cluster in Andheri West, and Swarganga CHSL in Goregaon East—with a combined saleable area of 3.25 million square feet and estimated gross development value (GDV) of INR 7,727 crore, surpassing full-year FY26 business development guidance; the launch of four projects in H1 FY26 including "33 Fifteen" at Bandra West (0.21 million square feet, GDV INR 949 crore), achieving 70% of annual launch targets with total GDV of INR 4,916 crore; selection for cluster redevelopment of eight housing societies in Andheri West (GDV nearly INR 3,000 crore) and 25 MHADA buildings in GTB Nagar (revenue potential INR 4,521 crore); raising INR 335 crore via listed non-convertible debentures; and an offer for sale of 4.576 million equity shares by promoters aggregating INR 252 crore in November 2025, alongside plans for expansion into Pune and Nagpur markets.