Ratnabhumi Developers Ltd
Incorporated in 2007, Ratnabhumi Developers Ltd is in the business of construction of buildings and other construction related services and renting services[1]
- Market Cap ₹ 319 Cr.
- Current Price ₹ 233
- High / Low ₹ 254 / 88.0
- Stock P/E 58.2
- Book Value ₹ 31.5
- Dividend Yield 0.00 %
- ROCE 10.4 %
- ROE 15.1 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 73.9% CAGR over last 5 years
Cons
- Stock is trading at 7.39 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 5.76% over last 3 years.
- Contingent liabilities of Rs.266 Cr.
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 1 | 4 | -1 | -12 | -8 | 209 | 120 | |
| 0 | 3 | -3 | -19 | -23 | 190 | 100 | |
| Operating Profit | 1 | 1 | 2 | 7 | 16 | 20 | 20 |
| OPM % | 62% | 25% | 1,431% | 3,155% | 5,557% | 10% | 17% |
| 0 | 0 | 0 | 0 | 1 | 1 | 1 | |
| Interest | 0 | 0 | 3 | 7 | 16 | 15 | 13 |
| Depreciation | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Profit before tax | 1 | 1 | -0 | -0 | -0 | 5 | 7 |
| Tax % | 35% | 23% | -13% | -5% | -200% | 25% | |
| 0 | 1 | 0 | 0 | 0 | 6 | 5 | |
| EPS in Rs | 0.26 | 0.60 | 0.12 | 0.17 | 0.19 | 4.18 | 3.99 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 193% |
| 3 Years: | % |
| TTM: | -10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 74% |
| 3 Years: | 223% |
| TTM: | 101% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 39% |
| 3 Years: | 39% |
| 1 Year: | 54% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 4% |
| 3 Years: | 6% |
| Last Year: | 15% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
| Reserves | 20 | 21 | 21 | 21 | 21 | 27 | 29 |
| 0 | 1 | 42 | 109 | 194 | 120 | 130 | |
| 0 | 0 | 22 | 76 | 117 | 42 | 21 | |
| Total Liabilities | 34 | 35 | 99 | 220 | 345 | 203 | 194 |
| 0 | 0 | 0 | 0 | 6 | 5 | 5 | |
| CWIP | 0 | 0 | 0 | 2 | 0 | 0 | 0 |
| Investments | 28 | 27 | 1 | 3 | 15 | 19 | 24 |
| 6 | 8 | 98 | 214 | 324 | 179 | 166 | |
| Total Assets | 34 | 35 | 99 | 220 | 345 | 203 | 194 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| -2 | 3 | -64 | -60 | -49 | 90 | |
| 2 | -3 | 30 | -5 | -16 | -1 | |
| 0 | 0 | 39 | 60 | 66 | -89 | |
| Net Cash Flow | 0 | -0 | 5 | -4 | 1 | 1 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 56 | 13 | -54 | -4 | -6 | 2 |
| Inventory Days | 556 | 384 | ||||
| Days Payable | 7 | 6 | ||||
| Cash Conversion Cycle | 56 | 562 | -54 | -4 | -6 | 381 |
| Working Capital Days | 2,397 | 352 | 23,853 | 4,247 | 9,058 | 229 |
| ROCE % | 3% | 4% | 6% | 8% | 10% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
15 Nov - Extract of unaudited Consolidated Financials for the Quarter and Half Year Ended on September 30, 2025, published today in newspaper viz. Financial Express (English) and …
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Results- Financial Results For Quarter And Half Year Ended September 30 2025
14 Nov - Ratnabhumi approved unaudited standalone and consolidated Q2/H1 results for Sept 30, 2025 with limited review.
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Board Meeting Outcome for To Consider And Approve Of Quarterly Unaudited Financial Results Along With Limited Review Report For The Quarter And Half Year Ended On September 30, 2025.
14 Nov - Board approved unaudited standalone and consolidated results for quarter and half year ended Sep 30, 2025.
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Board Meeting Intimation for Intimation Of Board Meeting To Be Held On 14/11/2025
4 Nov - Board meeting Nov 14, 2025 to consider unaudited standalone and consolidated Q2/H1 results.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Oct - RTA certificate confirming dematerialisation of physical shares for quarter ended September 30, 2025.
Business Overview:[1]
RDL is a real estate development company and a part of the Ahmedabad-based Ratna group. All the projects of RDL are in the vicinity of Ahmedabad. The company has executed a total of 22 residential
and commercial projects to date and is currently executing three mixed- development projects under the brand Turquoise.