Citadel Realty & Developers Ltd
Incorporated in 1968, Citadel Realty
& Developers Ltd is in the business
of real estate construction and
development[1]
- Market Cap ₹ 32.1 Cr.
- Current Price ₹ 35.7
- High / Low ₹ 94.5 / 31.0
- Stock P/E 23.1
- Book Value ₹ 19.8
- Dividend Yield 1.40 %
- ROCE 10.7 %
- ROE 8.31 %
- Face Value ₹ 10.0
Pros
Cons
- The company has delivered a poor sales growth of 11.5% over past five years.
- Company has a low return on equity of 9.31% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Realty Realty Residential, Commercial Projects
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1.26 | 0.00 | 3.73 | 8.75 | 1.42 | 2.24 | 2.05 | 2.25 | 2.52 | 2.80 | 3.17 | 3.54 | 3.84 | |
| 1.17 | 0.12 | 1.80 | 3.73 | 0.91 | 0.39 | 0.36 | 0.24 | 0.22 | 0.25 | 0.26 | 0.38 | 0.36 | |
| Operating Profit | 0.09 | -0.12 | 1.93 | 5.02 | 0.51 | 1.85 | 1.69 | 2.01 | 2.30 | 2.55 | 2.91 | 3.16 | 3.48 |
| OPM % | 7.14% | 51.74% | 57.37% | 35.92% | 82.59% | 82.44% | 89.33% | 91.27% | 91.07% | 91.80% | 89.27% | 90.62% | |
| 0.00 | 0.01 | 0.26 | 0.94 | 1.92 | 0.23 | 0.24 | 0.14 | 0.01 | 0.03 | 0.01 | 0.01 | 0.01 | |
| Interest | 0.00 | 0.11 | 0.40 | 0.54 | 1.36 | 1.49 | 1.37 | 1.53 | 1.74 | 1.18 | 1.38 | 1.59 | 1.55 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.09 | -0.22 | 1.79 | 5.42 | 1.07 | 0.59 | 0.56 | 0.62 | 0.57 | 1.40 | 1.54 | 1.58 | 1.94 |
| Tax % | 44.44% | -22.73% | 58.10% | 26.75% | 25.23% | 15.25% | 3.57% | 22.58% | 29.82% | 26.43% | 25.97% | 25.95% | |
| 0.06 | -0.18 | 0.76 | 3.97 | 0.80 | 0.49 | 0.53 | 0.48 | 0.40 | 1.03 | 1.14 | 1.17 | 1.39 | |
| EPS in Rs | 0.08 | -0.25 | 1.07 | 5.59 | 1.06 | 0.65 | 0.67 | 0.61 | 0.51 | 1.31 | 1.44 | 1.41 | 1.67 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 8.99% | 47.00% | 76.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 12% |
| TTM: | 11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 24% |
| 5 Years: | 17% |
| 3 Years: | 43% |
| TTM: | 18% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 33% |
| 3 Years: | 21% |
| 1 Year: | -28% |
| Return on Equity | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 8% |
| 3 Years: | 9% |
| Last Year: | 8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3.57 | 3.57 | 3.57 | 3.57 | 7.52 | 7.52 | 7.89 | 7.89 | 7.89 | 7.89 | 7.89 | 8.31 | 8.31 |
| Reserves | -2.22 | -2.40 | -1.56 | 2.41 | 1.34 | 1.38 | 1.08 | 1.56 | 1.96 | 2.99 | 4.13 | 7.82 | 8.17 |
| 7.08 | 8.13 | 8.08 | 14.60 | 11.91 | 13.30 | 14.90 | 16.68 | 18.78 | 13.58 | 15.93 | 15.19 | 16.12 | |
| 2.00 | 2.53 | 3.68 | 1.27 | 0.60 | 1.03 | 0.37 | 0.42 | 0.37 | 7.29 | 6.79 | 6.83 | 6.78 | |
| Total Liabilities | 10.43 | 11.83 | 13.77 | 21.85 | 21.37 | 23.23 | 24.24 | 26.55 | 29.00 | 31.75 | 34.74 | 38.15 | 39.38 |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.01 | 0.09 | 0.10 | 0.10 | 0.33 | 0.57 | 0.71 | 0.72 | 0.76 | 0.77 | 0.78 | 0.79 |
| 10.43 | 11.82 | 13.68 | 21.75 | 21.27 | 22.90 | 23.67 | 25.84 | 28.28 | 30.99 | 33.97 | 37.37 | 38.59 | |
| Total Assets | 10.43 | 11.83 | 13.77 | 21.85 | 21.37 | 23.23 | 24.24 | 26.55 | 29.00 | 31.75 | 34.74 | 38.15 | 39.38 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -1.48 | -2.28 | 4.46 | -6.00 | 1.07 | 0.54 | -0.82 | -0.13 | -0.34 | -0.30 | -0.70 | -0.58 | |
| 0.14 | 1.30 | -4.37 | 0.00 | 1.86 | 1.69 | 1.79 | 2.11 | 2.51 | 2.79 | 3.16 | 3.55 | |
| 1.39 | 0.94 | -0.09 | 5.97 | -2.90 | -2.26 | -0.95 | -2.00 | -2.16 | -2.41 | -2.55 | -2.94 | |
| Net Cash Flow | 0.05 | -0.04 | 0.00 | -0.03 | 0.03 | -0.03 | 0.02 | -0.02 | 0.00 | 0.08 | -0.09 | 0.03 |
| Free Cash Flow | -1.48 | -2.28 | 4.46 | -6.00 | 1.07 | 0.54 | -0.82 | -0.13 | -0.34 | -0.30 | -0.70 | -0.58 |
| CFO/OP | -1,644% | 1,900% | 246% | -98% | 249% | 33% | -46% | -3% | -8% | -11% | -8% | -16% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 530.12 | 0.00 | 5.42 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Inventory Days | 1,205.50 | 1,466.64 | 348.85 | 2,000.20 | ||||||||
| Days Payable | 63.62 | 8.85 | 4.31 | 0.00 | ||||||||
| Cash Conversion Cycle | 1,672.00 | 1,457.79 | 349.97 | 2,000.20 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Working Capital Days | 828.49 | 434.48 | 213.58 | 1,732.46 | 1,075.45 | 1,141.29 | 1,107.98 | 1,058.79 | 1,982.73 | 1,861.85 | 2,104.42 | |
| ROCE % | 1.18% | -1.24% | 22.59% | 38.87% | 11.75% | 9.68% | 8.38% | 8.60% | 8.44% | 9.72% | 11.14% | 10.70% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Flat Sales Volume (Revenue basis) Rs. Lakhs |
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| Value of Construction Work-in-Progress (WIP) Rs. Lakhs |
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| Value of Stock in Trade (Land) Rs. Lakhs |
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| Profit Share in SSSBD Partnership Percentage |
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| Bhandup Slum Rehabilitation Project Area sq. mtrs |
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| Project Area under Joint Development - Shree Swami Samarth Builders and Developers (SSSBD) sq. mtrs |
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Documents
Announcements
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Closure of Trading Window
27 Mar - Citadel Realty: Trading window closed April 1, 2026 until 48 hours after audited FY2025-26 results.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
14 Feb - Newspaper Publication of Un-Audited financials for Quarter and Nine Months ended December 31, 2025.
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Un-Audited Financial Results For Quarter And Nine Months Ended December 31, 2025
13 Feb - Board approved unaudited standalone/consolidated results for quarter/nine months ended Dec 31, 2025; 6,95,000 warrants converted.
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Outcome Of Board Meeting
13 Feb - Board approved unaudited Q3/9M results for Dec 31, 2025; allotted 6,95,000 shares on warrant conversion.
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Board Meeting Outcome for Board Meeting For Quarter Ended December 31, 2025
13 Feb - Approved unaudited standalone and consolidated results for quarter and nine months ended Dec 31, 2025; trading window closed.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from bse
Business Overview:[1]
CRDL is primarily engaged in Real Estate Development.
It is in the business of construction, development and sale of residential real estate projects. The core business activities are carried out under various business model likes own development, through joint ventures and joint development and other arrangements with third parties