Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹156 Cr.
Stock P/E
8.1
P/B
1.2
Current Price
₹82.9
Book Value
₹ 67.2
Face Value
10
52W High
₹129.9
52W Low
₹ 72
Dividend Yield
0%

Justo Realfintech Overview

Business

Justo Realfintech Ltd. operates as a real estate technology and services company in India, focusing on digitizing and empowering the real estate brokerage ecosystem. Its core business model revolves around creating a "phygital" (physical + digital) platform for real estate professionals. The company offers a suite of technology solutions, including CRM, lead management, marketing tools, and a standardized brand ("Justo" offices) to independent real estate agents, brokers, and developers. It also provides training and support to its network partners. The company primarily makes money through fees generated from its network partners (e.g., franchise fees, technology subscription fees) and potentially through commissions or transaction-related service fees from real estate sales facilitated through its platform and network.

Revenue Mix

Specific detailed breakdowns of revenue by segment (e.g., technology subscriptions vs. transaction commissions vs. franchise fees) are not consistently and publicly available in granular detail. However, based on its business model, key revenue streams likely include:

Technology & Platform Fees: Subscriptions for CRM, lead management, and other digital tools.

Franchise/Network Fees: Fees from real estate professionals operating under the Justo brand.

Transaction-related Services: Potentially a share of commissions from facilitated property transactions or fees for ancillary services (e.g., loan facilitation, legal assistance).

Marketing & Advisory Services: Providing specific marketing campaigns or consultancy to developers.

Industry

Justo Realfintech Ltd. operates within the broader Indian real estate technology (proptech) and real estate services industry. It competes with:

Online Property Portals: Such as 99acres, MagicBricks, Housing.com, Square Yards, which primarily connect buyers and sellers.

Brokerage Networks: Traditional large brokerage houses and emerging tech-enabled brokerages like NoBroker.

Proptech Solution Providers: Companies offering CRM, marketing automation, and other tools specifically for real estate professionals.

Justo's positioning is somewhat unique by focusing on empowering existing and new real estate professionals through a branded, technology-backed franchise-like model, rather than solely being a listing portal or a direct brokerage. It aims to professionalize and organize the fragmented Indian real estate agent market.

MOAT

Network Effects (developing): As more agents join the Justo network and leverage its brand and technology, the platform potentially becomes more attractive to other agents and developers, creating a positive feedback loop.

Brand & Standardization: The "Justo" brand, if successfully established, can offer a level of trust, professionalism, and standardization in a largely unorganized brokerage market, providing an advantage over independent, unbranded agents.

Technology Integration: Offering a comprehensive suite of integrated tech tools (CRM, marketing, analytics) under one umbrella can create some switching costs for agents who become reliant on its ecosystem.

Data & Insights (potential): As the network grows, the company can accumulate valuable transaction and market data, which can be leveraged for better services and insights, though this is nascent.

Growth Drivers

Digitization of Real Estate: Increasing adoption of technology by real estate professionals and consumers in India.

Professionalization of Brokerage: Growing need for organized and standardized real estate services in India, driven by regulations like RERA.

Expansion of Network: Growth in the number of "Justo" branded offices and affiliated agents across more cities and regions in India.

New Product Offerings: Introduction of new technology tools, financial products (Realfintech aspect), or services to its network partners and end-users.

Real Estate Market Growth: Overall growth and stability in the Indian real estate sector will naturally benefit players facilitating transactions.

Risks

Competition: Intense competition from established online portals, large traditional brokerages, and other proptech startups.

Real Estate Market Volatility: The company's performance is tied to the cyclical nature and health of the Indian real estate market, which can be affected by economic slowdowns, interest rates, and regulatory changes.

Adoption Rates: Challenge in convincing traditional real estate agents to adopt new technology and subscribe to its services.

Execution Risk: Scaling the franchise/network model effectively while maintaining quality and brand consistency across diverse geographies.

Regulatory Changes: Evolving real estate and financial technology regulations in India could impact its business model.

Technology Evolution: The need for continuous investment in technology to stay competitive and relevant.

Management & Ownership

Information on promoters and management quality often requires detailed public filings and analyst reports. Typically, Indian companies have promoter-led management teams. Ownership structure would include promoter holding, institutional holding, and public floating. Without specific details from recent filings, a general statement is made:

The company is likely led by its promoters, who typically have a significant ownership stake. The quality of management would depend on their experience, vision, and execution capabilities in the dynamic real estate and technology sectors. Ownership structure would comprise promoter holding, institutional investors, and public shareholding, as is common for publicly listed entities.

Outlook

Justo Realfintech Ltd. operates in an attractive market characterized by the ongoing digitization and professionalization of the Indian real estate sector. Its "phygital" model, aiming to empower existing agents with technology and branding, taps into a large, often unorganized segment. This strategy could create a strong network effect and a differentiated value proposition if executed well. The company's growth hinges on its ability to expand its network, enhance its technology offerings, and demonstrate clear value to its partners. However, significant risks persist from intense competition, the inherent cyclicality of the real estate market, and the challenge of driving widespread adoption among traditional agents. Sustained investment in technology, strong execution, and effective partner management will be crucial for its long-term success and market positioning.

Justo Realfintech Share Price

Live · BSE · Inception: 2019
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Justo Realfintech Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Justo Realfintech Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 30 70 59 81 92
Other Income 0 0 0 0 1
Total Income 30 71 59 82 93
Total Expenditure 25 48 49 60 64
Operating Profit 5 23 11 22 29
Interest 0 1 1 1 2
Depreciation 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0
Profit Before Tax 5 22 9 20 26
Provision for Tax 1 6 2 5 7
Profit After Tax 4 15 7 15 19
Adjustments 0 0 0 0 0
Profit After Adjustments 4 15 7 15 19
Adjusted Earnings Per Share 3.3 13.7 6 10.8 10.2

Justo Realfintech Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 5 20 27 52 126
Minority's Interest 0 0 0 0 0
Borrowings 2 2 2 4 0
Other Non-Current Liabilities 0 0 0 0 1
Total Current Liabilities 7 10 13 19 34
Total Liabilities 14 33 42 76 162
Fixed Assets 1 1 1 1 3
Other Non-Current Assets 0 1 5 11 19
Total Current Assets 13 31 36 64 139
Total Assets 14 33 42 76 162

Justo Realfintech Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 0 1 1 0 7
Cash Flow from Operating Activities 0 1 5 -9 -9
Cash Flow from Investing Activities -1 -2 -4 -9 -26
Cash Flow from Financing Activities 1 0 -1 25 52
Net Cash Inflow / Outflow 1 -1 -0 7 16
Closing Cash & Cash Equivalent 1 1 0 7 23

Justo Realfintech Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 3.31 13.69 5.99 10.82 10.22
CEPS(Rs) 3.43 13.99 6.36 11.1 10.39
DPS(Rs) 0.06 0 0 0 0
Book NAV/Share(Rs) 4.53 18.23 24.22 37.88 67.21
Core EBITDA Margin(%) 18.01 31.91 17.82 26.63 30.33
EBIT Margin(%) 17.62 31.6 17.23 26.51 31.12
Pre Tax Margin(%) 16.37 30.63 15.23 24.77 28.43
PAT Margin (%) 12.27 21.72 11.27 18.4 20.93
Cash Profit Margin (%) 12.68 22.19 11.97 18.87 21.29
ROA(%) 25.94 65.31 18.04 25.44 16.17
ROE(%) 73.11 120.33 28.24 37.67 21.49
ROCE(%) 66.38 139.19 38.37 44.02 27.17
Receivable days 121.2 100.43 185.42 181.76 270.42
Inventory Days 0 0 0 0 0
Payable days 0 0 0 0 0
PER(x) 0 0 0 0 7.24
Price/Book(x) 0 0 0 0 1.1
Dividend Yield(%) 0 0 0 0 0
EV/Net Sales(x) 0.06 0.04 0.04 0.26 1.21
EV/Core EBITDA(x) 0.33 0.14 0.2 0.97 3.85
Net Sales Growth(%) 0 133.38 -15.7 37 12.82
EBIT Growth(%) 0 318.63 -54.03 110.8 32.41
PAT Growth(%) 0 313.14 -56.24 123.57 28.36
EPS Growth(%) 0 313.14 -56.24 80.5 -5.52
Debt/Equity(x) 0.58 0.18 0.09 0.31 0.12
Current Ratio(x) 1.86 3.1 2.85 3.31 4.06
Quick Ratio(x) 1.86 3.1 2.85 3.31 4.06
Interest Cover(x) 14.16 32.5 8.6 15.21 11.58
Total Debt/Mcap(x) 0 0 0 0 0.11

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +14% +10% — —
Operating Profit CAGR +32% +8% — —
PAT CAGR +27% +8% — —
Share Price CAGR -34% — — —
ROE Average +21% +29% +56% +56%
ROCE Average +27% +37% +63% +63%

Justo Realfintech Shareholding Pattern

Latest · Sep 2026
100% held
Promoters 39.49 %
FII 0.16 %
DII (MF + Insurance) 9.96 %
Public (retail) 50.39 %
# Aug 2025 Sep 2025 Mar 2026 Sep 2026
Promoter 38.1838.1839.4939.49
FII 1.091.090.160.16
DII 8.728.7210.19.96
Public 52.0152.0150.2550.39
Others 0000
Total 100100100100

Justo Realfintech Peer Comparison

Business Support Edit Columns

Justo Realfintech Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Justo Realfintech Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 29%
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 39.49%.
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