Sharescart Research Club logo

Ravinder Heights Overview

1. Business Overview

Ravinder Heights Ltd. (RVHL) operates in the Construction - Real Estate sector in India. The company's core business involves real estate development, primarily focusing on the acquisition, development, and sale of residential, commercial, and possibly plotted properties. Its business model typically involves identifying suitable land parcels, obtaining necessary regulatory approvals, undertaking construction, and subsequently marketing and selling the developed units to end-users or investors. The company generates revenue primarily through the sale of these developed properties.

2. Key Segments / Revenue Mix

Given the sector, RVHL's primary revenue stream is expected to come from real estate development and sales. While specific breakdown is not available without financial reports, typical segments within this industry include:

Residential Projects (apartments, villas, plotted developments)

Commercial Projects (office spaces, retail outlets)

Without further data, it is reasonable to assume that residential development constitutes a significant portion of its business, in line with general market trends for many Indian real estate developers.

3. Industry & Positioning

The Indian real estate industry is large, highly fragmented, and capital-intensive, characterized by cyclicality and significant regulatory oversight (e.g., RERA). It includes a wide range of players from large national developers to numerous smaller, regional, or local entities. Ravinder Heights Ltd., without further information, is likely positioned as a regional or mid-sized developer, competing with both larger established players and numerous local developers within its operational geographies. Success in this environment often depends on local market knowledge, brand reputation, timely project execution, and financial strength.

4. Competitive Advantage (Moat)

For a company like Ravinder Heights Ltd., sustainable competitive advantages (moats) are generally challenging to build and maintain in the highly competitive Indian real estate market. Potential advantages, if any, could include:

Local Market Expertise: Deep understanding of specific micro-markets, including land acquisition opportunities and buyer preferences.

Execution Capability: A proven track record of timely project delivery and quality construction, which builds trust and reputation.

Relationships: Strong relationships with regulatory bodies, suppliers, and financial institutions.

However, these are often not as durable as moats seen in other sectors. Brand loyalty can exist but is often project-specific rather than company-wide, and scale might be limited compared to national giants.

5. Growth Drivers

Key factors that could drive RVHL's growth over the next 3-5 years include:

Urbanization and Demographic Shifts: Continued migration to urban centers and formation of nuclear families driving demand for housing.

Favorable Government Policies: Initiatives promoting affordable housing, infrastructure development, and ease of doing business in real estate.

Rising Disposable Incomes: Growth in income levels, making property ownership more accessible and driving demand across segments.

Interest Rate Environment: Lower interest rates on home loans can boost affordability and demand.

Successful Project Launches and Execution: Timely acquisition of land, successful launch of new projects, and efficient execution will be crucial for revenue growth.

6. Risks

Ravinder Heights Ltd. faces several risks inherent to the real estate sector:

Cyclicality: The real estate market is highly cyclical and sensitive to macroeconomic conditions, interest rates, and investor sentiment.

Regulatory Risks: Frequent changes in government policies, environmental regulations, and RERA compliance can impact project timelines and costs.

Land Acquisition Challenges: Difficulty in acquiring clear land titles, increasing land costs, and delays in approvals.

Project Execution and Delays: Risks related to construction delays, cost overruns, labor availability, and quality control.

Funding and Liquidity: Real estate is capital-intensive, relying on significant funding through debt and pre-sales, making it vulnerable to credit market tightening and slow sales.

Competition: Intense competition from numerous local and national developers.

7. Management & Ownership

As an Indian company, Ravinder Heights Ltd. is typically promoted and controlled by its founding family or a core group of shareholders (promoters) who hold a significant equity stake. The management team would likely comprise professionals alongside promoter-representatives, responsible for day-to-day operations and strategic direction. The quality of management and governance, as well as their track record in project delivery and financial management, would be critical factors for the company's long-term success.

8. Outlook

Ravinder Heights Ltd. operates within a dynamic Indian real estate market that offers substantial growth potential driven by urbanization, demographic factors, and supportive government policies. The company's performance will largely depend on its ability to effectively identify viable land parcels, secure necessary approvals, execute projects efficiently, and market properties successfully. However, it faces significant industry-specific challenges including market cyclicality, intense competition, regulatory complexities, and the inherent capital-intensive nature of real estate development. Sustained growth will require prudent financial management, a strong project pipeline, and effective risk mitigation strategies in a sector known for its volatility.

Want to Start Investing in Top Unlisted Stocks?

Our experts help you choose the right stocks based on performance, risk, and growth potential.

Ravinder Heights Key Financials

Market Cap ₹250 Cr.

Stock P/E -98.6

P/B 0.9

Current Price ₹40.8

Book Value ₹ 47.8

Face Value 1

52W High ₹71.4

Dividend Yield 0%

52W Low ₹ 29.3

Ravinder Heights Share Price

| |

Volume
Price

Ravinder Heights Quarterly Price

Show Value Show %

Ravinder Heights Peer Comparison

Ravinder Heights Quarterly Results

#(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 0 0 0 0 0 0 0 0 55 20
Other Income 4 2 2 2 2 1 1 2 1 2
Total Income 4 2 2 2 2 2 1 2 56 22
Total Expenditure 1 4 2 2 2 2 2 2 3 4
Operating Profit 3 -1 0 0 0 -1 -1 -0 54 18
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 1 1 1 1 1 1 1 1
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 2 -2 -0 -0 -0 -1 -1 -1 53 18
Provision for Tax 0 -0 -0 -0 -0 -0 -0 -0 13 5
Profit After Tax 2 -2 -0 -0 -0 -1 -1 -1 40 12
Adjustments 0 0 0 0 -0 -0 -0 0 0 0
Profit After Adjustments 2 -2 -0 -0 -0 -1 -1 -1 40 12
Adjusted Earnings Per Share 0.3 -0.3 -0.1 -0.1 -0 -0.2 -0.1 -0.1 6.5 2

Ravinder Heights Profit & Loss

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 0 0 0 12 1 1 75
Other Income 3 3 4 5 9 7 6
Total Income 3 4 4 17 10 7 81
Total Expenditure 2 6 3 10 10 8 11
Operating Profit 1 -3 1 7 0 -1 71
Interest 0 0 0 0 0 0 0
Depreciation 2 2 2 2 2 2 4
Exceptional Income / Expenses -18 0 0 0 0 0 0
Profit Before Tax -19 -5 -1 4 -2 -3 69
Provision for Tax 6 0 -0 -2 0 -1 18
Profit After Tax -25 -5 -0 6 -2 -3 50
Adjustments 0 0 0 0 0 0 0
Profit After Adjustments -25 -5 -0 6 -2 -3 50
Adjusted Earnings Per Share 0 -0.8 -0 1 -0.4 -0.4 8.3

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 0% 0% 0% 0%
Operating Profit CAGR 0% NAN% NAN% 0%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -14% 17% 19% NA%
ROE Average -1% 0% -0% -2%
ROCE Average -1% -0% -0% -2%

Ravinder Heights Balance Sheet

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 273 268 268 246 244 241
Minority's Interest 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0
Other Non-Current Liabilities 8 5 6 5 5 4
Total Current Liabilities 35 36 41 43 41 40
Total Liabilities 316 318 322 294 289 286
Fixed Assets 54 43 51 44 43 41
Other Non-Current Assets 29 33 9 23 22 20
Total Current Assets 234 203 227 219 225 225
Total Assets 316 318 322 294 289 286

Ravinder Heights Cash Flow

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 5 4 4 12 5 4
Cash Flow from Operating Activities 7 4 0 7 -9 -8
Cash Flow from Investing Activities -9 -6 8 -8 9 11
Cash Flow from Financing Activities 0 2 -0 -0 -1 -0
Net Cash Inflow / Outflow -2 0 8 -1 -1 3
Closing Cash & Cash Equivalent 4 4 12 11 4 6

Ravinder Heights Ratios

# Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0 -0.77 -0 1.01 -0.35 -0.41
CEPS(Rs) 0 -0.49 0.2 1.31 0 -0.06
DPS(Rs) 0 0 0 0 0 0
Book NAV/Share(Rs) 0 43.79 43.78 40.09 39.74 39.3
Core EBITDA Margin(%) -1885.16 0 -8880.65 19.66 -1436.14 -1319.46
EBIT Margin(%) 0 0 -980.06 39.06 -296.07 -537.7
Pre Tax Margin(%) 0 0 -1682.14 35.45 -339.49 -580.44
PAT Margin (%) 0 0 -1265.48 48.83 -346.21 -442.83
Cash Profit Margin (%) 0 -8057.45 3699.4 66.81 2.65 -66.82
ROA(%) -7.98 -1.63 -0.13 1.91 -0.74 -0.88
ROE(%) -9.46 -1.93 -0.16 2.29 -0.88 -1.05
ROCE(%) -6.98 -1.86 -0.12 1.82 -0.75 -1.27
Receivable days 148.91 426.64 269.95 0.15 0 0
Inventory Days 0 0 0 5062.11 0 0
Payable days 0 -4771.44 0 0 0 0
PER(x) 0 0 0 20.14 0 0
Price/Book(x) 0 0.36 0.5 0.51 1.02 1.15
Dividend Yield(%) 0 0 0 0 0 0
EV/Net Sales(x) -29.96 2523.67 3677.29 9.59 384.64 462.83
EV/Core EBITDA(x) -4.29 -32.54 92.28 16.82 728.61 -286.24
Net Sales Growth(%) 0 -67.36 -10.64 0 -94.84 -7.8
EBIT Growth(%) 0 73.5 93.48 1528.24 -139.12 -67.44
PAT Growth(%) 0 79.55 91.76 1483.02 -136.59 -17.93
EPS Growth(%) 0 0 99.55 0 -134.89 -17.79
Debt/Equity(x) 0 0.01 0.01 0.01 0 0
Current Ratio(x) 6.62 5.61 5.48 5.12 5.53 5.56
Quick Ratio(x) 1.87 0.93 1.4 1.27 1.48 1.49
Interest Cover(x) 0 -232.71 -1.4 10.84 -6.82 -12.58
Total Debt/Mcap(x) 0 0.02 0.02 0.02 0 0

Ravinder Heights Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 74.81 74.81 74.74 74.74 74.74 74.74 74.74 74.74 74.74 74.74
FII 0.04 0.04 0.04 0.04 0.05 0.04 0.04 0.03 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 25.16 25.16 25.22 25.21 25.21 25.22 25.22 25.22 25.26 25.26
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Ravinder Heights News

Ravinder Heights Pros & Cons

Pros

  • Stock is trading at 0.9 times its book value
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 0% over the last 3 years.
  • Earnings include an other income of Rs. 7 Cr.
whatsapp