Justo Realfintech Ltd
Incorporated in 2019, Justo Realfintech Limited specializes in providing comprehensive real estate solutions, including sales, marketing, funding, and project planning services, primarily targeting mid-ticket residential developments.[1]
- Market Cap ₹ 147 Cr.
- Current Price ₹ 78.0
- High / Low ₹ 125 / 65.0
- Stock P/E 9.84
- Book Value ₹ 68.1
- Dividend Yield 0.00 %
- ROCE 27.2 %
- ROE 21.5 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.15 times its book value
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.7%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 39.5%
- Company has high debtors of 344 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 Real Estate related services
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|
| 30 | 70 | 59 | 81 | 92 | 89 | |
| Sales growth | +133% | -16% | +37% | +13% | +13% | |
| 25 | 48 | 49 | 60 | 64 | 67 | |
| Operating Profit | 5 | 22 | 11 | 22 | 28 | 21 |
| OPM % | 18% | 32% | 18% | 27% | 30% | 24% |
| 0 | 0 | 0 | 0 | 1 | 1 | |
| Interest | 0 | 1 | 1 | 1 | 2 | 2 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 |
| Profit before tax | 5 | 22 | 9 | 20 | 26 | 20 |
| Tax % | 25% | 29% | 26% | 26% | 26% | |
| 4 | 15 | 7 | 15 | 19 | 15 | |
| EPS in Rs | 3.30 | 13.66 | 5.97 | 10.82 | 10.22 | 7.93 |
| Dividend Payout % | 2% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 9% |
| TTM: | 13% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 8% |
| TTM: | 7% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -35% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 35% |
| 3 Years: | 27% |
| Last Year: | 21% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.13 | 0.13 | 0.13 | 14 | 19 | 19 |
| Reserves | 5 | 20 | 27 | 39 | 108 | 109 |
| 3 | 4 | 2 | 16 | 15 | 24 | |
| 6 | 9 | 12 | 8 | 20 | 15 | |
| Total Liabilities | 14 | 33 | 42 | 76 | 162 | 167 |
| 1 | 1 | 4 | 7 | 13 | 12 | |
| CWIP | 0 | 0 | 2 | 5 | 8 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 10 |
| 14 | 31 | 36 | 65 | 141 | 144 | |
| Total Assets | 14 | 33 | 42 | 76 | 162 | 167 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 0 | 1 | 5 | -9 | -9 | |
| -1 | -2 | -4 | -9 | -26 | |
| 1 | 0 | -1 | 25 | 52 | |
| Net Cash Flow | 1 | -1 | -0 | 7 | 16 |
| Free Cash Flow | -0 | -1 | 3 | -13 | -15 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 27% | 24% | 96% | -27% | -21% |
Ratios
Consolidated / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 121 | 149 | 194 | 222 | 344 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 121 | 149 | 194 | 222 | 344 |
| Working Capital Days | 60 | 105 | 140 | 160 | 246 |
| ROCE % | 139% | 38% | 44% | 27% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Gross Value of Inventory Sold ₹ lakhs |
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| Permanent Employees count |
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| Repeat Customer Revenue Share % |
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| Bank / Financial Institution DSA Partners count |
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| Units Sold count |
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| RERA-Registered Channel Partners count |
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| Number of Active Mandates count |
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| Worth of Active Mandates ₹ crore |
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Extracted by Screener AI
Documents
Announcements
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Board Meeting Outcome for Meeting Held On 13.11.2026
- Board approved H1 FY27 standalone and consolidated results; PAT ₹338.07 lakh and ₹168.90 lakh.
- Unaudited Standalone & Consolidated Financials Results For The Half Year Ended On September 30, 2026
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Statement Of Deviation & Variation
- Half-year Sept. 30, 2026 IPO fund use reviewed; no deviation reported for Rs. 63 crore issue.
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Board Meeting Intimation for Declaration Of Un-Audited Half Yearly Results.
- Board to meet on 13 November 2026 to approve half-yearly standalone and consolidated results.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
- JUSTO signed four real estate project mandates worth about ₹300 crore across Mumbai, Pune and Nashik.
Business Profile[1][2]
Justo Realfintech Limited is a full-service real estate mandate company based in Maharashtra, India. The company operates in Pune, Mumbai Metropolitan Region (MMR), and Nashik, with additional presence in Aurangabad and Kolhapur. Established as a tech-enabled real estate services provider, Justo manages the entire sales and marketing lifecycle for real estate developers through its extensive network of over 3,400 channel partners.