WEBSITE BSE:531228 NSE: RANDER CORP. Inc. Year: 1993 Industry: Construction - Real Estate My Bucket: Add Stock
Last updated: 10:13
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1. Business Overview
Rander Corporation Ltd. operates in the Construction - Real Estate sector in India. Its core business model likely involves the acquisition, development, and sale or lease of residential, commercial, or mixed-use properties. This could encompass identifying suitable land parcels, obtaining necessary regulatory approvals, conceptualizing and designing projects, managing construction through internal teams or contractors, and marketing/selling the completed units to end-users or investors. The company primarily makes money through the sale of developed properties and potentially through rental income from leased commercial assets or income from contract construction services.
2. Key Segments / Revenue Mix
Without specific company data, the major business segments for Rander Corporation Ltd. are likely to include:
Residential Development: Focusing on apartments, villas, and plotted developments.
Commercial Development: Including offices, retail spaces, and possibly hospitality projects.
Contracting/Infrastructure: Potentially undertaking third-party construction projects or public infrastructure works.
Specific revenue contributions from each segment are not available.
3. Industry & Positioning
The Indian real estate industry is large, fragmented, and cyclical, influenced by economic growth, urbanization, and government policies. It's characterized by numerous regional and national players. Without specific financial or project data, it is not possible to precisely determine Rander Corporation Ltd.'s positioning (e.g., whether it is a niche player, a regional leader, or a challenger) relative to its peers in terms of market share, project scale, or geographical presence. Its standing would depend on factors like land bank quality, execution track record, brand recall, and financial strength.
4. Competitive Advantage (Moat)
Given the limited information, it is challenging to ascertain specific durable competitive advantages for Rander Corporation Ltd. Potential moats in the real estate sector include:
Strong Brand Reputation: A track record of timely delivery and quality construction can build trust.
Strategic Land Bank: Owning desirable land parcels at favorable costs in high-growth corridors.
Execution Capabilities: Efficient project management, access to skilled labor and contractors, and effective supply chain.
Financial Strength: Ability to raise capital for large-scale projects and withstand market downturns.
Regulatory Expertise: Efficient navigation of complex approval processes.
It cannot be confirmed which, if any, of these advantages Rander Corporation Ltd. possesses without further data.
5. Growth Drivers
Key factors that could drive growth for Rander Corporation Ltd. over the next 3-5 years include:
Urbanization and Demographic Shifts: Continued migration to urban centers driving demand for housing and commercial spaces.
Rising Disposable Incomes: Increasing affordability for real estate purchases among the middle and upper classes.
Government Initiatives: Policies promoting affordable housing, smart cities, and infrastructure development (e.g., PMAY, RERA, FAME II, National Infrastructure Pipeline).
Favorable Interest Rate Environment: Lower home loan interest rates stimulating buyer demand.
Economic Growth: A robust Indian economy generally correlates with increased real estate activity.
6. Risks
Rander Corporation Ltd. faces several risks inherent to the real estate and construction sectors:
Economic Slowdown: Reduced consumer spending and investment can significantly impact property demand and prices.
Interest Rate Fluctuations: Rising interest rates can increase borrowing costs for developers and reduce affordability for homebuyers.
Regulatory Changes: Evolving real estate regulations (e.g., RERA, environmental norms, land acquisition laws) can lead to project delays or increased compliance costs.
Land Acquisition Challenges: Delays or difficulties in acquiring land parcels can stall projects.
Project Execution Risks: Delays in construction, cost overruns, or quality issues can impact profitability and reputation.
High Debt Levels: The capital-intensive nature of real estate can lead to significant debt, making companies vulnerable to financial market volatility.
Intense Competition: A fragmented market leads to fierce competition for land, customers, and capital.
7. Management & Ownership
In India, many companies, especially in real estate, are promoter-driven. While specific details for Rander Corporation Ltd. are not provided, it is likely guided by a founding family or group of promoters. The quality of management would typically involve their track record in project delivery, financial prudence, strategic vision, and corporate governance practices. The ownership structure would likely involve a significant stake held by the promoter group, alongside institutional and public shareholders. Specific details on the management team's experience or the exact ownership breakdown are not available.
8. Outlook
The outlook for Rander Corporation Ltd. is tied to the broader Indian real estate market dynamics. A bullish case would foresee sustained economic growth, favorable government policies, stable interest rates, and strong urban demand leading to successful project launches, timely execution, and healthy sales volumes. This would translate into robust revenue and profit growth. Conversely, a bearish view would highlight risks such as potential economic slowdowns, adverse changes in interest rates or regulations, intensified competition leading to pricing pressures, and execution challenges like project delays or cost overruns. The company's performance will heavily depend on its ability to navigate these macro and micro environmental factors effectively, secure strategic land parcels, and execute projects efficiently.
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Market Cap ₹12 Cr.
Stock P/E -22.7
P/B 0.5
Current Price ₹10
Book Value ₹ 19
Face Value 10
52W High ₹13.2
Dividend Yield 0%
52W Low ₹ 9.7
Price goes above X
Price falls below X
PE goes above X
PE falls below X
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| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 1 | 1 | 1 | 0 | 0 | 1 | 0 | 1 | 1 | 1 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 1 | 1 | 1 | 0 | 0 | 1 | 0 | 1 | 1 | 1 |
| Total Expenditure | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 1 | 1 |
| Operating Profit | 0 | 1 | 1 | 0 | 0 | -0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 0 | 1 | 1 | 0 | 0 | -0 | 0 | 0 | 0 | 0 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Profit After Tax | 0 | 1 | 1 | 0 | 0 | -0 | -1 | 0 | 0 | 0 |
| Adjustments | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 0 | 1 | 1 | 0 | 0 | -0 | -1 | 0 | 0 | 0 |
| Adjusted Earnings Per Share | 0.2 | 0.4 | 0.5 | 0.1 | 0.1 | -0 | -0.5 | 0.1 | 0.1 | 0.3 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 4 | 4 | 2 | 2 | 1 | 0 | 1 | 4 | 3 | 4 | 2 | 3 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 4 | 4 | 2 | 2 | 1 | 0 | 1 | 4 | 3 | 4 | 2 | 3 |
| Total Expenditure | 3 | 3 | 2 | 1 | 1 | 0 | 1 | 3 | 3 | 2 | 1 | 3 |
| Operating Profit | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 0 | 0 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Profit After Tax | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | -1 | -1 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 0 | -0 | 0 | 0 |
| Profit After Adjustments | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | -1 | -1 |
| Adjusted Earnings Per Share | 0.5 | 0.2 | 0.1 | 0.2 | 0.1 | 0 | 0.1 | 0.6 | 0.5 | 1.5 | -0.4 | -5.5511151231258E-17 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -50% | -21% | 0% | -7% |
| Operating Profit CAGR | -100% | -100% | 0% | -100% |
| PAT CAGR | -150% | NAN% | 0% | NAN% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -1% | 27% | 1% | -3% |
| ROE Average | -2% | 3% | 3% | 2% |
| ROCE Average | 1% | 5% | 4% | 3% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 19 | 19 | 20 | 20 | 20 | 20 | 20 | 20 | 21 | 23 | 23 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Other Non-Current Liabilities | 1 | 1 | 1 | 0 | 0 | 0 | 0 | -0 | -0 | -0 | -0 |
| Total Current Liabilities | 7 | 7 | 6 | 5 | 5 | 4 | 3 | 4 | 3 | 4 | 3 |
| Total Liabilities | 27 | 28 | 27 | 25 | 25 | 24 | 24 | 24 | 25 | 27 | 26 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 6 | 6 | 5 | 7 | 8 | 8 | 8 | 8 | 9 | 9 | 9 |
| Total Current Assets | 21 | 22 | 22 | 18 | 17 | 16 | 16 | 16 | 16 | 17 | 17 |
| Total Assets | 27 | 28 | 27 | 25 | 25 | 24 | 24 | 24 | 25 | 27 | 26 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Cash Flow from Operating Activities | -1 | 0 | 0 | 2 | 1 | -0 | 0 | -3 | -1 | -3 | -1 |
| Cash Flow from Investing Activities | 0 | -0 | 0 | -2 | -1 | 0 | 0 | 0 | -1 | -0 | 1 |
| Cash Flow from Financing Activities | 0 | 0 | -1 | -0 | 0 | 0 | -0 | 3 | 2 | 3 | 1 |
| Net Cash Inflow / Outflow | -0 | 0 | -0 | -0 | 0 | -0 | 0 | 0 | 0 | -0 | 0 |
| Closing Cash & Cash Equivalent | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 0.5 | 0.19 | 0.14 | 0.18 | 0.09 | 0.01 | 0.07 | 0.63 | 0.53 | 1.5 | -0.44 |
| CEPS(Rs) | 0.58 | 0.2 | 0.15 | 0.2 | 0.11 | 0.02 | 0.08 | 0.64 | 0.54 | 1.53 | -0.39 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 15.59 | 15.78 | 15.92 | 16.11 | 16.2 | 16.21 | 16.27 | 16.45 | 17.23 | 18.49 | 18.54 |
| Core EBITDA Margin(%) | 19.52 | 7.26 | 10.61 | 10.79 | 12.03 | -81.36 | 9.18 | 31.26 | 22.03 | 61.28 | 12.69 |
| EBIT Margin(%) | 17.18 | 10.06 | 15.65 | 16.37 | 15.34 | 12.96 | 9.27 | 31.1 | 26.71 | 63.14 | 11.35 |
| Pre Tax Margin(%) | 17.13 | 10.06 | 15.65 | 16.34 | 15.08 | 11.45 | 9.07 | 28.07 | 26.5 | 63.14 | 11.34 |
| PAT Margin (%) | 14.22 | 6.61 | 9.38 | 13.56 | 9 | 7.02 | 6.73 | 21.15 | 19.79 | 47.77 | -34.71 |
| Cash Profit Margin (%) | 16.56 | 6.95 | 10.05 | 14.34 | 10.83 | 17.59 | 7.71 | 21.43 | 20.09 | 48.62 | -30.88 |
| ROA(%) | 2.16 | 0.86 | 0.65 | 0.88 | 0.43 | 0.05 | 0.35 | 3.25 | 2.69 | 7.2 | -2.05 |
| ROE(%) | 3.26 | 1.24 | 0.91 | 1.15 | 0.54 | 0.06 | 0.42 | 3.83 | 3.16 | 8.42 | -2.38 |
| ROCE(%) | 3.81 | 1.83 | 1.49 | 1.4 | 0.93 | 0.11 | 0.58 | 5.6 | 4.23 | 11.03 | 0.76 |
| Receivable days | 99.61 | 127.76 | 200.01 | 183.93 | 195.52 | 930.18 | 152.16 | 41.49 | 48.61 | 46.96 | 77.41 |
| Inventory Days | 89.12 | 116.13 | 207.96 | 188.63 | 354.6 | 4259.16 | 662.3 | 199.2 | 177.08 | 198.22 | 844.02 |
| Payable days | 175.77 | 188.24 | 382.79 | 549.75 | 1139.7 | 0 | 263.53 | 147.11 | 43.83 | 56.01 | 122.2 |
| PER(x) | 70.36 | 71.65 | 100.76 | 0 | 0 | 0 | 0 | 13 | 9.23 | 6.18 | 0 |
| Price/Book(x) | 2.26 | 0.88 | 0.91 | 0 | 0 | 0 | 0 | 0.5 | 0.29 | 0.5 | 0.6 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 10.11 | 4.84 | 9.38 | 7.18 | 10.16 | 71.15 | 9.84 | 2.76 | 1.72 | 2.96 | 8.85 |
| EV/Core EBITDA(x) | 51.77 | 46.51 | 57.43 | 41.45 | 59.2 | 302.38 | 96.02 | 8.79 | 6.37 | 4.62 | 58.3 |
| Net Sales Growth(%) | -18.18 | -16.6 | -47.74 | -12.21 | -27.5 | -85.62 | 619.17 | 193.53 | -9.14 | 16.9 | -59.75 |
| EBIT Growth(%) | 11.92 | -51.18 | -18.67 | -7.23 | -32.8 | -87.84 | 414.23 | 885.19 | -21.98 | 176.36 | -92.76 |
| PAT Growth(%) | 37.39 | -61.22 | -25.83 | 28.29 | -52.4 | -88.78 | 588.92 | 822.76 | -14.98 | 182.18 | -129.25 |
| EPS Growth(%) | 37.39 | -61.22 | -25.82 | 28.28 | -52.4 | -88.73 | 585.86 | 823.12 | -14.98 | 182.17 | -129.25 |
| Debt/Equity(x) | 0.03 | 0.03 | -0 | -0.02 | 0 | 0 | 0 | 0.01 | 0.01 | 0.01 | 0.02 |
| Current Ratio(x) | 3.06 | 3.1 | 3.41 | 3.95 | 3.52 | 4.17 | 4.76 | 4.54 | 4.5 | 4.74 | 5.74 |
| Quick Ratio(x) | 2.9 | 2.94 | 3.25 | 3.8 | 3.18 | 3.54 | 4.12 | 4.01 | 4.11 | 3.94 | 4.25 |
| Interest Cover(x) | 327.43 | 3062.68 | 0 | 724.77 | 59.8 | 8.59 | 47.08 | 10.26 | 127.54 | 0 | 1529.69 |
| Total Debt/Mcap(x) | 0.01 | 0.03 | -0 | 0 | 0 | 0 | 0 | 0.02 | 0.03 | 0.02 | 0.04 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 23.29 | 23.29 | 23.29 | 23.29 | 24.09 | 24.14 | 24.14 | 24.14 | 24.14 | 24.14 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 76.71 | 76.71 | 76.71 | 76.71 | 75.91 | 75.86 | 75.86 | 75.86 | 75.86 | 75.86 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.29 | 0.29 | 0.29 | 0.29 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.95 | 0.95 | 0.95 | 0.95 | 0.94 | 0.94 | 0.94 | 0.94 | 0.94 | 0.94 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.23 | 1.23 | 1.23 | 1.23 | 1.23 | 1.23 | 1.23 | 1.23 | 1.23 | 1.23 |
* The pros and cons are machine generated.
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