Keystone Realtors Ltd

Keystone Realtors Ltd

₹ 684 1.29%
24 Apr - close price
About

Incorporated in 1995, Keystone Realtors Limited is one of the prominent real estate developers. The company is engaged primarily in the business of real estate construction, development, and other related activities in India[1]

Key Points

Business Area[1] The company has strong experience in developing lifestyle projects, high-value and affordable residential buildings, premium gated communities and fully integrated townships, corporate parks, retail spaces, schools, iconic landmarks, re-developments, and various other real estate projects including stalled projects.

  • Market Cap 7,768 Cr.
  • Current Price 684
  • High / Low 750 / 416
  • Stock P/E 50.2
  • Book Value 152
  • Dividend Yield 0.00 %
  • ROCE 5.48 %
  • ROE 6.11 %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 4.50 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.92.0 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

Sector: Realty Industry: Construction

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
84 871 234 169 46 127 344 272 618 521
82 760 181 164 54 119 247 209 632 512
Operating Profit 1 111 53 4 -8 7 97 63 -14 9
OPM % 2% 13% 23% 2% -18% 6% 28% 23% -2% 2%
8 8 14 7 10 9 22 11 25 34
Interest 8 3 6 3 5 6 22 7 7 7
Depreciation 1 1 1 1 1 1 2 1 2 2
Profit before tax -0 116 60 7 -4 9 95 67 2 34
Tax % -1,533% 24% 33% 43% -6% 39% 22% 30% -108% 11%
-1 88 40 4 -5 6 74 47 4 30
EPS in Rs 0.03 8.97 4.20 0.48 -0.48 0.47 6.73 4.12 0.38 2.65
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,211 849 1,269 686 1,755
1,075 746 1,092 582 1,601
Operating Profit 136 102 178 104 154
OPM % 11% 12% 14% 15% 9%
57 329 34 44 92
Interest 128 140 23 36 42
Depreciation 2 2 3 5 7
Profit before tax 63 290 184 108 197
Tax % 77% 20% 26% 26%
14 232 136 80 155
EPS in Rs 2.20 31.04 13.96 7.20 13.88
Dividend Payout % 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: -17%
TTM: 205%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 76%
TTM: 244%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 52%
Return on Equity
10 Years: %
5 Years: %
3 Years: 16%
Last Year: 6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 100 100 100 114 114
Reserves 327 701 833 1,556 1,618
2,514 1,220 1,563 1,030 613
1,474 1,633 1,382 1,816 1,502
Total Liabilities 4,415 3,654 3,877 4,515 3,846
195 29 33 39 38
CWIP 0 0 0 0 0
Investments 5 595 575 642 346
4,215 3,029 3,268 3,834 3,462
Total Assets 4,415 3,654 3,877 4,515 3,846

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023
351 642 -110 306
-200 -235 -138 27
171 -609 154 -30
Net Cash Flow 323 -202 -93 303

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 19 16 33 33
Inventory Days 3,791 5,193
Days Payable 380 555
Cash Conversion Cycle 3,431 4,653 33 33
Working Capital Days 612 532 501 890
ROCE % 18% 9% 5%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
86.71% 86.71% 86.71% 86.71% 86.70% 86.70%
2.45% 1.66% 1.49% 1.53% 2.44% 2.33%
5.91% 6.64% 7.86% 7.97% 8.19% 8.72%
4.94% 5.00% 3.95% 3.80% 2.68% 2.26%
No. of Shareholders 29,32026,01721,21518,56016,73915,800

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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