Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹233 Cr.
Stock P/E
77.6
P/B
5.3
Current Price
₹170
Book Value
₹ 32.2
Face Value
10
52W High
₹318
52W Low
₹ 166.3
Dividend Yield
0%

Ratnabhumi Developer Overview

Business

Ratnabhumi Developers Ltd. is an Indian real estate development company. Its core business involves the acquisition of land, planning, development, and sale of residential and commercial properties. The company primarily generates revenue through the sale of developed real estate units, including apartments, villas, and potentially commercial spaces. Their business model typically involves identifying suitable land parcels, obtaining necessary regulatory approvals, constructing projects, and marketing units to customers.

Revenue Mix

Ratnabhumi Developers primarily focuses on the residential segment, including plotted developments and integrated residential projects. While specific revenue breakdowns by project type (e.g., apartments vs. plotted land) or geography are not publicly detailed, the company's project portfolio indicates a focus on developing housing solutions, often targeting mid-income segments.

Industry

The Indian real estate industry is highly fragmented, characterized by numerous regional and local developers alongside a few large national players. It is cyclical, capital-intensive, and significantly influenced by economic conditions, interest rates, and government policies. Ratnabhumi Developers operates as a regional player, likely with a presence in specific cities or states within India. Its positioning is among the smaller to mid-sized developers, competing with other local firms as well as established national players in its target markets.

MOAT

Ratnabhumi Developers' competitive advantages are likely localized. These may include a specific understanding of local market demand, relationships with local authorities for faster approvals, efficient land acquisition capabilities in its operational regions, or a track record of project delivery in those specific areas. However, broader, durable moats like a national brand premium, significant scale economies, or high switching costs for customers are generally limited for a regional developer in a competitive market like Indian real estate.

Growth Drivers

Key growth drivers for Ratnabhumi Developers over the next 3-5 years include:

Urbanization and Population Growth: Continued migration to urban centers drives demand for housing.

Rising Disposable Incomes: Increasing affluence among the middle-class supports demand for better housing.

Government Initiatives: Policies supporting affordable housing, smart cities, and infrastructure development can stimulate the real estate sector.

Favorable Interest Rate Regime: Lower home loan interest rates make homeownership more accessible.

New Project Launches: Successful acquisition of new land parcels and timely launch of projects with strong market demand.

Risks

Economic Slowdown: A downturn in the broader economy can reduce consumer confidence and disposable incomes, impacting property sales.

Interest Rate Fluctuations: Rising interest rates can increase borrowing costs for the company and make home loans more expensive, deterring buyers.

Regulatory & Environmental Clearances: Delays in obtaining approvals or changes in regulations can significantly impact project timelines and costs.

Land Acquisition Challenges: Difficulty in acquiring suitable land at viable prices or legal disputes over land titles.

Competition: Intense competition from other developers, both local and national, can lead to price pressures and slower sales.

Execution Risk: Delays in construction, cost overruns, or quality issues can damage reputation and financial performance.

Management & Ownership

Ratnabhumi Developers Ltd. is promoted by its founding family or individuals who typically hold a significant ownership stake. The management team consists of individuals with experience in real estate development, project management, and sales. The promoter ownership usually reflects a long-term commitment to the business. Detailed public information on specific management individuals' extensive biographies or independent board strength might be limited for a company of this size.

Outlook

Ratnabhumi Developers operates in a dynamic Indian real estate market, poised to benefit from long-term demographic and economic tailwinds such as urbanization and rising incomes. Its growth will largely depend on its ability to effectively acquire land, obtain timely approvals, execute projects efficiently, and match product offerings with local market demand. However, the company faces inherent risks associated with the cyclical nature of real estate, regulatory hurdles, intense competition, and sensitivity to interest rate changes. Sustained growth will require prudent financial management, efficient project delivery, and a strong understanding of its specific operating markets to navigate these challenges and capitalize on opportunities.

Ratnabhumi Developer Share Price

Live · BSE · Inception: 2006
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Ratnabhumi Developer Quarterly Results

#(Fig in Cr.) Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 0 52 80 47 35 29 10 8 15 14
Other Income 0 0 0 0 0 0 0 0 0 1
Total Income 1 52 81 47 35 29 10 8 15 14
Total Expenditure -5 46 76 43 29 23 6 4 11 7
Operating Profit 6 6 5 4 6 6 5 4 4 8
Interest 5 5 4 3 3 3 4 3 3 7
Depreciation 1 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 1 3 3 0 1 0 0
Provision for Tax -0 0 0 0 1 1 0 0 0 0
Profit After Tax 0 1 0 0 3 2 0 1 0 0
Adjustments 0 1 0 0 0 0 0 0 -0 -0
Profit After Adjustments 0 2 1 1 3 2 0 1 0 0
Adjusted Earnings Per Share 0.1 1.5 0.4 0.4 1.9 1.5 0.2 0.4 0.2 0.1

Ratnabhumi Developer Profit & Loss

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 1 4 0 0 0 215 61 47
Other Income 0 0 0 0 1 0 1 1
Total Income 1 4 0 0 1 215 62 47
Total Expenditure 0 3 -2 -7 -15 194 43 28
Operating Profit 1 1 2 7 16 21 19 21
Interest 0 0 3 7 16 15 14 17
Depreciation 0 0 0 0 1 1 1 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0
Profit Before Tax 1 1 -0 -0 -0 5 4 1
Provision for Tax 0 0 -0 -0 -0 1 1 0
Profit After Tax 0 1 -0 -0 0 4 3 1
Adjustments 0 0 0 0 0 2 0 0
Profit After Adjustments 0 1 0 0 0 6 3 1
Adjusted Earnings Per Share 0.3 0.6 0.1 0.2 0.2 4.2 2.3 0.9

Ratnabhumi Developer Balance Sheet

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 34 35 35 35 35 41 44
Minority's Interest 0 0 0 0 0 0 0
Borrowings 1 1 42 109 184 114 107
Other Non-Current Liabilities 0 0 0 0 2 2 2
Total Current Liabilities 0 0 22 76 124 45 41
Total Liabilities 34 35 99 220 345 203 194
Fixed Assets 0 0 0 0 6 5 4
Other Non-Current Assets 17 31 1 5 16 19 15
Total Current Assets 18 4 97 214 323 178 175
Total Assets 34 35 99 220 345 203 194

Ratnabhumi Developer Cash Flow

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 0 0 0 5 0 1 2
Cash Flow from Operating Activities 0 3 -64 -60 -49 90 12
Cash Flow from Investing Activities 0 -3 30 -5 -16 -1 4
Cash Flow from Financing Activities 0 0 39 60 66 -89 -13
Net Cash Inflow / Outflow 0 -0 5 -4 1 1 2
Closing Cash & Cash Equivalent 0 0 5 0 1 2 4

Ratnabhumi Developer Ratios

# Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 0.26 0.6 0.12 0.17 0.19 4.19 2.29
CEPS(Rs) 0.28 0.6 -0.17 -0.06 0.61 3.68 2.81
DPS(Rs) 0 0 0 0 0 0 0
Book NAV/Share(Rs) 24.66 25.26 25.38 25.55 25.65 29.83 32.13
Core EBITDA Margin(%) 61.89 24.78 1439.25 3207.99 5491.78 9.78 29.41
EBIT Margin(%) 59.88 26.72 1421.07 3153.6 5490.51 9.46 29.26
Pre Tax Margin(%) 56.62 26 -188.05 -100.37 -13.41 2.49 6.61
PAT Margin (%) 37.13 20.12 -163.96 -97.37 13.62 1.88 4.89
Cash Profit Margin (%) 39.26 20.34 -145.79 -37.29 292.48 2.35 6.26
ROA(%) 1.05 2.34 -0.39 -0.13 0.01 1.47 1.51
ROE(%) 1.07 2.39 -0.75 -0.6 0.11 10.6 7.08
ROCE(%) 1.69 3.12 4.05 6.19 8.41 10.55 11.2
Receivable days 57.66 13.56 355.59 253.93 179.67 1.22 4.25
Inventory Days 2350.36 451.42 0 0 0 401.95 1017.72
Payable days 0 4.21 -189.43 -88.68 -51.24 6.45 20.56
PER(x) 376.57 67.22 972.79 792.33 657.27 27.14 104.58
Price/Book(x) 4.01 1.59 4.72 5.29 4.95 3.81 7.47
Dividend Yield(%) 0 0 0 0 0 0 0
EV/Net Sales(x) 140.31 13.66 1265.02 1356.3 1276.1 1.27 7.21
EV/Core EBITDA(x) 226.3 55.1 87.89 42.2 22.12 12.75 23.52
Net Sales Growth(%) 0 318.2 -96.08 36.1 30.96 0 -71.35
EBIT Growth(%) 0 86.6 108.46 202.03 128.01 30.47 -11.43
PAT Growth(%) 0 126.6 -131.94 19.18 118.32 0 -25.45
EPS Growth(%) 0 126.63 -79.34 38.67 13.24 2065.03 -45.16
Debt/Equity(x) 0.01 0.02 1.2 3.12 5.44 2.88 2.69
Current Ratio(x) 266.3 41.02 4.41 2.83 2.62 3.94 4.26
Quick Ratio(x) 171.82 2.4 0.41 0.04 0.2 0.11 0.14
Interest Cover(x) 18.38 37.38 0.88 0.97 1 1.36 1.29
Total Debt/Mcap(x) 0 0.01 0.25 0.59 1.1 0.76 0.36

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -72% — +72% —
Operating Profit CAGR -10% +39% +80% —
PAT CAGR -25% — +25% —
Share Price CAGR -26% +17% +22% —
ROE Average +7% +6% +3% +3%
ROCE Average +11% +10% +8% +6%

Ratnabhumi Developer Shareholding Pattern

Latest · Sep 2026
100% held
Promoters 73.56 %
FII 0 %
DII (MF + Insurance) 0 %
Public (retail) 26.44 %
# Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
Promoter 73.5673.5673.5673.5673.5673.5673.5673.5673.5673.56
FII 0000000000
DII 0000000000
Public 26.4426.4426.4426.4426.4426.4426.4426.4426.4426.44
Others 0000000000
Total 100100100100100100100100100100

Ratnabhumi Developer Peer Comparison

Construction - Real Estate Edit Columns

Ratnabhumi Developer Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Ratnabhumi Developer Pros & Cons

Pros

  • Company has delivered good profit growth of 24% CAGR over last 5 years
  • Company has reduced debt.

Cons

  • Company has a low return on equity of 6% over the last 3 years.
  • Debtor days have increased from 6.45 to 20.56days.
  • Stock is trading at 5.3 times its book value.
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