Ratnabhumi Developers Ltd

Ratnabhumi Dev. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Ratnabhumi Developers Ltd

₹ 133 4.98%
08 Apr - close price
ratnagroup.co.in BSE: 540796
About

Ratnabhumi Developers Ltd. is a real estate company having a presence across the entire value chain right from preparing the layout of the building to getting project approvals, as well as construction, development, and sales of the project. Mr. Kaivan Shah is the Chairman and MD of the company. [1][2]

Key Points

Service Offering
The experience of the Co varies from land acquisition, authority liaisoning, planned development, identification of project types and locations as well as construction development and maintenance of projects commissioned under residential/commercial / retail/plotting or industrial. [1]

Website BSE
  • Market Cap ₹ 182 Cr.
  • Current Price ₹ 133
  • High / Low ₹ 162 / 86.5
  • Stock P/E 1,655
  • Book Value ₹ 25.6
  • Dividend Yield 0.00 %
  • ROCE 6.59 %
  • ROE 0.66 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 5.20 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 2.30% 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

Sector: Construction Industry: Construction

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
0.02 1.07 0.48 0.19 1.04 0.05 0.14 0.33 0.10 0.11 0.15 0.22 0.34
0.10 0.11 0.33 0.11 -0.38 -1.02 -1.03 -1.32 -2.02 -2.35 -2.91 -3.35 -3.95
Operating Profit -0.08 0.96 0.15 0.08 1.42 1.07 1.17 1.65 2.12 2.46 3.06 3.57 4.29
OPM % -400.00% 89.72% 31.25% 42.11% 136.54% 2,140.00% 835.71% 500.00% 2,120.00% 2,236.36% 2,040.00% 1,622.73% 1,261.76%
0.02 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest 0.51 0.02 0.00 0.25 0.64 1.67 1.21 1.52 1.92 2.39 3.02 3.48 4.08
Depreciation 0.00 0.01 0.00 0.00 0.01 0.01 0.02 0.01 0.05 0.05 0.03 0.04 0.18
Profit before tax -0.57 0.94 0.15 -0.17 0.77 -0.61 -0.06 0.12 0.15 0.02 0.01 0.05 0.03
Tax % 31.58% 25.53% 0.00% 5.88% 0.00% 3.28% 0.00% 0.00% 0.00% -50.00% 100.00% -20.00% 0.00%
-0.39 0.70 0.15 -0.16 0.77 -0.59 -0.06 0.11 0.15 0.03 0.00 0.06 0.02
EPS in Rs -0.28 0.51 0.11 -0.12 0.56 -0.43 -0.04 0.08 0.11 0.02 0.00 0.04 0.01
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
76.77 5.73 5.01 5.30 5.99 9.20 0.59 1.98 0.97 4.14 0.52 -11.38 0.82
67.64 3.68 3.79 4.87 4.98 7.38 0.33 1.41 0.37 3.05 -3.37 -18.77 -12.56
Operating Profit 9.13 2.05 1.22 0.43 1.01 1.82 0.26 0.57 0.60 1.09 3.89 7.39 13.38
OPM % 11.89% 35.78% 24.35% 8.11% 16.86% 19.78% 44.07% 28.79% 61.86% 26.33% 748.08% 1,104.48% 1,631.71%
0.33 0.55 1.23 1.82 1.63 0.61 0.45 0.00 0.00 0.00 -1.17 0.01 0.00
Interest 2.78 1.07 1.58 0.70 0.39 0.44 0.42 0.12 0.03 0.03 2.56 7.04 12.97
Depreciation 0.01 0.05 0.09 0.10 0.05 0.03 0.03 0.02 0.02 0.01 0.03 0.13 0.30
Profit before tax 6.67 1.48 0.78 1.45 2.20 1.96 0.26 0.43 0.55 1.05 0.13 0.23 0.11
Tax % 31.48% 19.59% 60.26% 24.83% 27.73% 32.65% 26.92% 23.26% 34.55% 22.86% -30.77% -4.35%
4.57 1.21 0.31 1.09 1.59 1.33 0.20 0.33 0.36 0.82 0.17 0.23 0.11
EPS in Rs 91.40 24.20 6.20 21.80 31.80 26.60 0.15 0.24 0.26 0.60 0.12 0.17 0.07
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: %
5 Years: %
3 Years: %
TTM: 32%
Compounded Profit Growth
10 Years: -15%
5 Years: 3%
3 Years: -14%
TTM: 128%
Stock Price CAGR
10 Years: %
5 Years: 13%
3 Years: 39%
1 Year: 1%
Return on Equity
10 Years: 3%
5 Years: 2%
3 Years: 2%
Last Year: 1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0.50 0.50 0.50 0.50 0.50 0.50 13.70 13.70 13.70 13.70 13.70 13.70 13.70
Reserves 4.58 5.31 5.62 6.71 8.29 9.61 19.39 19.73 20.09 20.90 21.07 21.31 21.32
16.32 15.49 8.32 3.87 5.16 3.28 1.22 0.25 0.50 0.56 41.64 109.06 139.84
7.04 7.98 5.73 5.69 6.10 1.06 0.80 0.18 0.18 0.21 22.11 75.86 101.12
Total Liabilities 28.44 29.28 20.17 16.77 20.05 14.45 35.11 33.86 34.47 35.37 98.52 219.93 275.98
0.04 0.35 0.27 0.17 0.08 0.09 0.02 0.04 0.02 0.02 0.14 0.31 0.37
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.31 3.30
Investments 7.21 8.85 0.09 0.10 4.68 4.79 27.36 27.32 27.98 27.03 0.66 3.02 7.73
21.19 20.08 19.81 16.50 15.29 9.57 7.73 6.50 6.47 8.32 97.72 214.29 264.58
Total Assets 28.44 29.28 20.17 16.77 20.05 14.45 35.11 33.86 34.47 35.37 98.52 219.93 275.98

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
2.28 -5.42 1.41 -2.24 3.30 -63.95 -59.56
-0.67 -15.32 -0.04 2.02 -3.35 29.98 -4.52
-1.60 20.75 -1.38 0.22 0.03 38.52 60.38
Net Cash Flow 0.01 0.01 -0.01 0.00 -0.01 4.55 -3.71

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 0.00 1.91 34.97 15.15 13.41 8.33 129.92 27.65 56.44 13.22 112.31 -4.49
Inventory Days 112.26 2,097.52 1,840.41 1,183.51 744.86 104.12 2,563.20 555.56
Days Payable 26.53 459.95 8.30 1.99 13.93 5.85 8.20 7.33
Cash Conversion Cycle 85.72 1,639.48 1,867.08 1,196.68 744.33 106.60 129.92 2,582.65 56.44 561.46 112.31 -4.49
Working Capital Days 40.98 623.62 799.21 752.04 576.44 342.39 4,380.00 1,177.95 2,396.96 345.60 49,541.73 4,411.43
ROCE % 22.04% 11.94% 13.37% 16.85% 20.62% 17.56% 2.85% 1.62% 1.71% 3.11% 6.92% 6.59%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
72.77% 72.77% 72.77% 73.57% 73.57% 73.57% 73.57% 73.57% 73.56% 73.56% 73.56% 73.56%
27.23% 27.23% 27.23% 26.43% 26.43% 26.43% 26.43% 26.43% 26.44% 26.44% 26.44% 26.44%
No. of Shareholders 102229290262257280263236253285266272

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