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 ₹ 349 Cr.
- Current Price ₹ 255
- High / Low ₹ 318 / 163
- Stock P/E 111
- Book Value ₹ 32.1
- Dividend Yield 0.00 %
- ROCE 11.1 %
- ROE 7.40 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 7.93 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 7.90% 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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 0.97 | 4.06 | -1.08 | -11.82 | -7.91 | 209.45 | 61.45 | |
| 0.37 | 3.06 | -3.37 | -18.76 | -23.47 | 189.50 | 43.37 | |
| Operating Profit | 0.60 | 1.00 | 2.29 | 6.94 | 15.56 | 19.95 | 18.08 |
| OPM % | 61.86% | 24.63% | 1,431.25% | 3,154.55% | 5,557.14% | 9.52% | 29.42% |
| 0.00 | 0.09 | 0.00 | 0.01 | 0.79 | 1.36 | 0.75 | |
| Interest | 0.03 | 0.03 | 2.56 | 7.04 | 15.60 | 14.97 | 13.92 |
| Depreciation | 0.02 | 0.01 | 0.03 | 0.13 | 0.79 | 1.01 | 0.84 |
| Profit before tax | 0.55 | 1.05 | -0.30 | -0.22 | -0.04 | 5.33 | 4.07 |
| Tax % | 34.55% | 22.86% | -13.33% | -4.55% | -200.00% | 24.58% | 26.04% |
| 0.36 | 0.82 | 0.17 | 0.23 | 0.26 | 5.73 | 3.14 | |
| EPS in Rs | 0.26 | 0.60 | 0.12 | 0.17 | 0.19 | 4.18 | 2.29 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 72% |
| 3 Years: | % |
| TTM: | -71% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 31% |
| 3 Years: | 139% |
| TTM: | -45% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 31% |
| 3 Years: | 36% |
| 1 Year: | 20% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 5% |
| 3 Years: | 8% |
| Last Year: | 7% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 13.70 | 13.70 | 13.70 | 13.70 | 13.70 | 13.70 | 13.70 |
| Reserves | 20.09 | 20.90 | 21.07 | 21.31 | 21.43 | 27.17 | 30.31 |
| 0.50 | 0.56 | 41.64 | 109.06 | 193.54 | 119.94 | 120.10 | |
| 0.18 | 0.21 | 22.11 | 75.86 | 116.73 | 41.92 | 30.20 | |
| Total Liabilities | 34.47 | 35.37 | 98.52 | 219.93 | 345.40 | 202.73 | 194.31 |
| 0.02 | 0.02 | 0.14 | 0.31 | 6.14 | 5.16 | 17.68 | |
| CWIP | 0.00 | 0.00 | 0.00 | 2.31 | 0.00 | 0.00 | 0.00 |
| Investments | 27.98 | 27.03 | 0.66 | 3.02 | 14.86 | 18.85 | 1.23 |
| 6.47 | 8.32 | 97.72 | 214.29 | 324.40 | 178.72 | 175.40 | |
| Total Assets | 34.47 | 35.37 | 98.52 | 219.93 | 345.40 | 202.73 | 194.31 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| -2.24 | 3.30 | -63.95 | -59.56 | -49.05 | 89.81 | 12.25 | |
| 2.02 | -3.35 | 29.98 | -5.19 | -15.72 | -0.65 | 3.66 | |
| 0.22 | 0.03 | 38.52 | 60.38 | 65.64 | -88.55 | -13.49 | |
| Net Cash Flow | 0.00 | -0.01 | 4.55 | -4.37 | 0.87 | 0.62 | 2.42 |
| Free Cash Flow | -2.24 | 3.29 | -64.10 | -62.17 | -50.54 | 89.78 | 12.25 |
| CFO/OP | -342% | 354% | -2,793% | -858% | -314% | 456% | 72% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 56.44 | 13.49 | -54.07 | -4.32 | -6.46 | 2.25 | 0.83 |
| Inventory Days | 555.56 | 384.48 | 1,995.22 | ||||
| Days Payable | 7.33 | 6.07 | 8.74 | ||||
| Cash Conversion Cycle | 56.44 | 561.72 | -54.07 | -4.32 | -6.46 | 380.66 | 1,987.32 |
| Working Capital Days | 2,396.96 | 352.41 | 23,853.43 | 4,247.22 | 9,057.63 | 229.21 | 768.55 |
| ROCE % | 3.11% | 4.05% | 6.19% | 8.35% | 10.42% | 11.07% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
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| Finished Goods Inventory (Closing Stock) INR Lakhs ・Standalone data |
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| Work-in-Progress (Inventory Value) INR Lakhs ・Standalone data |
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| Project Portfolio Size (Under Brand 'Turquoise') Number (Projects) ・Standalone data |
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| Number of Employees Number (Headcount) ・Standalone data |
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| Area Under Development (Ongoing Projects) Square Feet ・Standalone data |
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| Historical Completed Construction Area (Group Level) Square Feet |
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| Saleability (Launched Residential Units Offered/Sold) % ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
22 May - Extract of Audited Consolidated Financial Results for the Quarter and Year ended 31st March 2026 in Financial Express in English and Gujarati.
- Audited Financial Results For The Quarter And Year Ended 31St March 2026 21 May
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Announcement under Regulation 30 (LODR)-Change in Management
21 May - Avani Rohit Sanghavi reappointed as independent director for five years from 7 June 2026.
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Board Meeting Outcome for Outcome Of Board Meeting Held On Thursday, 21St May 2026
21 May - Board approved audited Q4/FY26 results and reappointed Independent Director Avani Rohit Sanghavi for five years.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
19 May - Submitted Annual Secretarial Compliance Report for FY 2025-26 under Regulation 24A.
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.