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 ₹ 256 Cr.
- Current Price ₹ 187
- High / Low ₹ 254 / 88.0
- Stock P/E 44.7
- Book Value ₹ 29.8
- 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 6.27 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.
* 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 | 213 | 190 | |
| 0 | 3 | -3 | -19 | -23 | 194 | 170 | |
| Operating Profit | 1 | 1 | 2 | 7 | 16 | 20 | 20 |
| OPM % | 62% | 25% | 1,431% | 3,155% | 5,557% | 9% | 10% |
| 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 | 6 | |
| EPS in Rs | 0.26 | 0.60 | 0.12 | 0.17 | 0.19 | 4.18 | 4.19 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 194% |
| 3 Years: | % |
| TTM: | 262% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 74% |
| 3 Years: | 223% |
| TTM: | 154% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 30% |
| 3 Years: | 32% |
| 1 Year: | 27% |
| 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 | |
|---|---|---|---|---|---|---|
| Equity Capital | 14 | 14 | 14 | 14 | 14 | 14 |
| Reserves | 20 | 21 | 21 | 21 | 21 | 27 |
| 0 | 1 | 42 | 109 | 194 | 120 | |
| 0 | 0 | 22 | 76 | 117 | 42 | |
| Total Liabilities | 34 | 35 | 99 | 220 | 345 | 203 |
| 0 | 0 | 0 | 0 | 6 | 5 | |
| CWIP | 0 | 0 | 0 | 2 | 0 | 0 |
| Investments | 28 | 27 | 1 | 3 | 15 | 19 |
| 6 | 8 | 98 | 214 | 324 | 179 | |
| Total Assets | 34 | 35 | 99 | 220 | 345 | 203 |
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 | 225 |
| ROCE % | 3% | 4% | 6% | 8% | 10% |
Documents
Announcements
-
Rumour verification - Regulation 30(11)
16 Aug - Company denies resignation rumors of Chairman and MD Kaivan Shah, confirms his active role.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
15 Aug - Newspaper Publication of extract of Unaudited Consolidated financial results for the quarter ended June 30, 2025.
- Unaudited Standalone And Consolidated Financial Results For The Quarter Ended June 30, 2025. 14 Aug
-
Board Meeting Outcome for Consideration And Approval Of Unaudited Standalone And Consolidated Financial Results Along With Limited Review Report For The Quarter Ended On June 30, 2025.
14 Aug - Q1 FY25 unaudited results approved; MD reappointment and 19th AGM scheduled Sept 27, 2025.
-
Board Meeting Intimation for Consideration Of Unaudited Financial Results Along With Limited Review Report For The Quarter Ended June 30, 2025 And Other Matters.
6 Aug - Board meeting on Aug 14 to approve Q1 June 30, 2025 unaudited financial results.
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.