Radhe Developers (India) Ltd

₹ 2.29 -2.97%

11 Jul - close price

About

Incorporated in 1995, Radhe Developers (India) Ltd is engaged in the business of Real Estate Development

Key Points

Business Overview:
On the real estate development front, the company develops residential, commercial, plotting and social infrastructure projects. ^[1]

Website BSE

Market Cap ₹ 120 Cr.
Current Price ₹ 2.29
High / Low ₹ 4.09 / 1.26
Stock P/E 88.8
Book Value ₹ 1.16
Dividend Yield 0.00 %
ROCE 2.61 %
ROE 2.43 %
Face Value ₹ 1.00

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Pros

Cons

Company has a low return on equity of -1.50% over last 3 years.
Company might be capitalizing the interest cost
Working capital days have increased from 837 days to 1,181 days

* 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

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	10.34	3.06	5.77	4.97	0.54	1.25	0.00	1.22	4.29	0.20	3.27	0.00	4.19
	5.18	2.22	2.60	2.39	5.70	1.42	1.12	2.62	4.54	0.80	1.27	1.12	1.30
Operating Profit	5.16	0.84	3.17	2.58	-5.16	-0.17	-1.12	-1.40	-0.25	-0.60	2.00	-1.12	2.89
OPM %	49.90%	27.45%	54.94%	51.91%	-955.56%	-13.60%		-114.75%	-5.83%	-300.00%	61.16%		68.97%
	-0.05	0.00	0.00	2.99	-2.00	-0.14	0.00	0.01	0.15	0.00	0.00	0.03	0.00
Interest	0.06	0.01	0.01	0.02	0.28	0.04	0.04	0.07	0.51	0.24	0.30	0.02	0.45
Depreciation	0.13	0.11	0.11	0.12	0.17	0.23	0.23	0.31	0.20	0.18	0.18	0.18	0.19
Profit before tax	4.92	0.72	3.05	5.43	-7.61	-0.58	-1.39	-1.77	-0.81	-1.02	1.52	-1.29	2.25
Tax %	52.44%	33.33%	27.87%	28.18%	-22.86%	-8.62%	0.00%	-3.39%	22.22%	0.00%	2.63%	6.98%	-0.44%
	2.34	0.47	2.20	3.90	-5.86	-0.53	-1.39	-1.71	-0.99	-1.02	1.49	-1.38	2.26
EPS in Rs	0.05	0.01	0.04	0.08	-0.12	-0.01	-0.03	-0.03	-0.02	-0.02	0.03	-0.03	0.04
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Profit & Loss

Figures in Rs. Crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	0.15	0.31	16.57	5.52	9.99	10.65	3.86	0.89	43.60	14.34	6.76	7.66
	0.62	1.04	12.30	5.75	9.06	10.04	5.21	3.08	10.82	12.89	9.55	4.49
Operating Profit	-0.47	-0.73	4.27	-0.23	0.93	0.61	-1.35	-2.19	32.78	1.45	-2.79	3.17
OPM %	-313.33%	-235.48%	25.77%	-4.17%	9.31%	5.73%	-34.97%	-246.07%	75.18%	10.11%	-41.27%	41.38%
	-0.03	0.00	0.03	1.98	1.02	0.15	0.01	-0.25	0.02	0.99	-0.12	0.03
Interest	0.20	0.20	0.04	0.05	0.32	0.18	0.04	0.04	0.10	0.34	0.68	1.01
Depreciation	0.16	0.28	0.27	0.44	0.59	0.58	0.59	0.56	0.36	0.51	0.97	0.74
Profit before tax	-0.86	-1.21	3.99	1.26	1.04	0.00	-1.97	-3.04	32.34	1.59	-4.56	1.45
Tax %	-1.16%	-3.31%	25.81%	19.84%	39.42%		-3.05%	-4.28%	21.99%	55.35%	1.75%	7.59%
	-0.84	-1.17	2.97	1.01	0.63	-0.05	-1.91	-2.91	25.23	0.71	-4.63	1.35
EPS in Rs	-0.02	-0.02	0.06	0.02	0.01	-0.00	-0.04	-0.06	0.50	0.01	-0.09	0.03
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	38%
5 Years:	15%
3 Years:	-44%
TTM:	13%

Compounded Profit Growth
10 Years:	12%
5 Years:	22%
3 Years:	-62%
TTM:	130%

Stock Price CAGR
10 Years:	10%
5 Years:	36%
3 Years:	-42%
1 Year:	-33%

Return on Equity
10 Years:	6%
5 Years:	9%
3 Years:	-2%
Last Year:	2%

Balance Sheet

Figures in Rs. Crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	25.18	25.18	25.18	25.18	25.18	25.18	25.18	25.18	25.18	50.36	50.36	52.37
Reserves	7.01	5.82	8.78	8.24	8.88	8.83	6.93	4.02	29.26	4.80	0.19	8.16
	2.88	0.15	3.87	3.37	8.38	0.18	1.10	0.49	10.48	22.78	42.43	34.92
	34.31	39.60	27.56	25.16	21.49	25.39	26.85	28.60	34.10	47.92	46.90	45.66
Total Liabilities	69.38	70.75	65.39	61.95	63.93	59.58	60.06	58.29	99.02	125.86	139.88	141.11
	1.23	0.86	2.08	3.83	3.26	2.69	3.04	1.43	2.88	5.10	3.41	2.76
CWIP	0.41	0.41	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.08	0.09	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	67.66	69.39	63.30	58.12	60.67	56.89	57.02	56.86	96.14	120.76	136.47	138.35
Total Assets	69.38	70.75	65.39	61.95	63.93	59.58	60.06	58.29	99.02	125.86	139.88	141.11

Cash Flows

Figures in Rs. Crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-7.30	-3.10	-5.04	2.81	-2.00	5.26	-0.14	-0.02	-8.39	-9.14	-18.66	-0.83
	-0.01	0.03	-0.93	-2.21	-0.03	0.00	-0.95	0.81	-1.78	-2.73	0.58	-0.09
	6.80	5.86	3.69	-1.06	2.29	-5.34	0.93	-0.65	9.90	11.98	18.98	0.04
Net Cash Flow	-0.51	2.79	-2.29	-0.47	0.26	-0.09	-0.15	0.15	-0.26	0.11	0.90	-0.87

Ratios

Figures in Rs. Crores

	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	2,263.00	941.94	68.51	7.93	4.75	0.69	0.95	4.10	0.08	0.25	16.74	0.00
Inventory Days			3,947.29	17,621.39	3,930.08	1,130.62	3,618.66	11,372.94				12,554.53
Days Payable			222.96	1,345.09	256.24	33.43	108.76	492.46				546.28
Cash Conversion Cycle	2,263.00	941.94	3,792.83	16,284.23	3,678.59	1,097.88	3,510.84	10,884.58	0.08	0.25	16.74	12,008.26
Working Capital Days	47,620.33	-8,654.03	15.64	970.69	614.54	346.15	833.07	1,418.99	-18.58	189.63	1,138.74	1,181.25
ROCE %	-1.75%	-3.02%	11.86%	3.56%	3.46%	0.47%	-5.73%	-8.74%	68.58%	2.70%	-4.38%	2.61%

Shareholding Pattern

Numbers in percentages

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	43.92%	43.96%	44.09%	44.45%	44.49%	44.58%	44.98%	45.16%	45.16%	45.16%	47.27%	47.27%
	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%
	56.04%	56.00%	55.88%	55.50%	55.48%	55.38%	54.97%	54.79%	54.80%	54.80%	52.69%	52.68%
No. of Shareholders	15,113	23,426	24,492	25,597	31,398	35,071	38,506	44,866	44,249	45,242	45,735	45,739

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	39.74%	39.94%	41.50%	42.73%	43.05%	43.92%	44.45%	45.16%	47.27%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.00%	0.00%	0.00%
	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%
	60.22%	60.02%	58.46%	57.23%	56.91%	56.02%	55.50%	54.79%	52.68%
No. of Shareholders	16,046	15,213	14,575	14,140	13,597	15,620	25,597	44,866	45,739

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Radhe Developers (India) Ltd

Radhe Developers (India) Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports