WEBSITE BSE:530053 NSE: REALECO Inc. Year: 1993 Industry: Construction - Real Estate My Bucket: Add Stock
Last updated: 10:39
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1. Business Overview
Real Eco-Energy Ltd. (REALECO) is primarily engaged in the business of real estate development and construction. The company undertakes various real estate projects, including residential, commercial, and plotted developments. Its core business model involves acquiring land, developing properties, and selling units to end-users or investors. Revenue is generated from property sales, construction contracts, and related services. While the company name suggests a historical or potential link to "Eco-Energy," its current publicly stated and primary operations are focused on the real estate sector in India.
2. Key Segments / Revenue Mix
Information on specific revenue breakdown by project type (residential, commercial, plotted) or geographical region is typically disclosed in annual reports or investor presentations. Without access to these detailed financial reports, a precise segment-wise revenue mix for Real Eco-Energy Ltd. is not readily available in public domain summaries. However, given its sector, it's highly probable that a significant portion of its revenue is derived from residential property sales and development.
3. Industry & Positioning
The Indian real estate and construction industry is vast, highly fragmented, and characterized by numerous local and regional players alongside a few large national developers. The sector is influenced by factors like urbanization, economic growth, government policies, and interest rates. Real Eco-Energy Ltd. operates within this competitive landscape, likely as a regional or mid-sized player, primarily focused on specific geographies within India. Its positioning would be against a mix of established developers and other smaller entities, competing on factors such as project quality, location, pricing, and timely delivery.
4. Competitive Advantage (Moat)
For a company like Real Eco-Energy Ltd., strong durable competitive advantages (moats) are often challenging to establish and maintain, especially if it operates as a regional or mid-sized developer. Potential advantages might include:
Local Market Knowledge: Deep understanding of specific micro-markets, land acquisition capabilities, and regulatory nuances in its operational areas.
Execution Capability: A proven track record of timely project completion and quality construction, which builds trust with buyers.
Cost Efficiency: Ability to manage construction costs effectively, allowing for competitive pricing.
However, without specific details on these, it's difficult to ascertain a significant, durable moat compared to larger, more established players with stronger brands, greater financial muscle, or wider land banks.
5. Growth Drivers
Key factors that could drive growth for Real Eco-Energy Ltd. over the next 3-5 years include:
Urbanization & Population Growth: Continued migration to urban centers fuels demand for housing and commercial spaces.
Government Initiatives: Policies supporting affordable housing, infrastructure development, and ease of doing business in real estate (e.g., PMAY, smart cities).
Economic Growth: Rising disposable incomes and consumer confidence drive property purchases.
Favorable Interest Rates: Lower home loan interest rates make property more affordable and stimulate demand.
Strategic Land Bank Acquisition: Securing desirable land parcels at reasonable costs for future projects.
Project Pipeline Expansion: Launching new residential and commercial projects to capitalize on market demand.
6. Risks
Real Eco-Energy Ltd. faces several business risks common to the real estate sector:
Economic Downturns: Slowdowns in the broader economy can reduce consumer purchasing power and investor sentiment, impacting property sales.
Interest Rate Fluctuations: Rising interest rates can increase borrowing costs for the company and make home loans more expensive for buyers, dampening demand.
Regulatory Changes: Evolving real estate regulations (e.g., RERA, environmental norms, land acquisition policies) can impact project costs, timelines, and approvals.
Project Delays & Cost Overruns: Unforeseen issues in construction, material price volatility, labor shortages, or approval delays can impact profitability.
High Competition: The fragmented nature of the Indian real estate market means intense competition for land, customers, and capital.
Funding & Liquidity Risks: Reliance on debt and pre-sales for funding, making the company susceptible to market liquidity conditions and credit availability.
Environmental & Social Risks: Compliance with environmental regulations, community relations, and managing the environmental impact of construction.
7. Management & Ownership
Information on promoters and specific management quality would typically be derived from company filings, annual reports, and corporate governance disclosures. Real Eco-Energy Ltd., like many Indian companies, would have a promoter group that holds a significant stake and plays a key role in its strategic direction. The quality of management is often assessed by their track record in project execution, financial prudence, corporate governance standards, and ability to navigate industry cycles. Detailed assessment requires deeper investigation into their past performance and governance practices.
8. Outlook
The outlook for Real Eco-Energy Ltd. is tied to the broader Indian real estate sector. The industry is currently benefiting from government support, urbanization trends, and a generally positive economic environment, which could provide tailwinds for sales and new project launches. However, the sector remains sensitive to interest rate movements, regulatory changes, and economic stability. For Real Eco-Energy Ltd., success will depend on its ability to effectively manage its project pipeline, acquire land strategically, maintain cost efficiencies, deliver projects on time and within budget, and adapt to evolving market demands. Challenges in funding, intense competition, and potential market slowdowns could pose headwinds. A balanced view suggests potential for growth driven by fundamental demand, but tempered by inherent cyclicality and operational risks within the real estate development business.
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Market Cap ₹46 Cr.
Stock P/E 64.5
P/B 6.8
Current Price ₹4.6
Book Value ₹ 0.7
Face Value 2
52W High ₹6.6
Dividend Yield 0%
52W Low ₹ 3.8
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(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 | 3 | 0 | 0 | 1 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 0 | 0 | 1 |
| Total Expenditure | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 1 | 0 | 0 |
| Operating Profit | -0 | -0 | 0 | -0 | -0 | -0 | 1 | -1 | 0 | 1 |
| 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 | -0 | 0 | -0 | -0 | -0 | 1 | -1 | 0 | 1 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -0 | -0 | 0 | -0 | -0 | -0 | 1 | -1 | 0 | 1 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 |
| Profit After Adjustments | -0 | -0 | 0 | -0 | -0 | -0 | 1 | -1 | 0 | 1 |
| Adjusted Earnings Per Share | -0 | -0 | 0 | -0 | -0 | -0 | 0.1 | -0.1 | 0 | 0.1 |
| #(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 | 5 | 4 | 4 | 0 | 3 | 0 | 0 | 0 | 7 | 0 | 3 | 4 |
| Other Income | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 5 | 5 | 5 | 0 | 3 | 0 | 0 | 0 | 7 | 1 | 3 | 4 |
| Total Expenditure | 6 | 8 | 5 | 1 | 2 | 0 | 0 | 0 | 7 | 0 | 3 | 4 |
| Operating Profit | -1 | -3 | -0 | -1 | 1 | -0 | -0 | -0 | 0 | 0 | 1 | 1 |
| Interest | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 6 | 2 | 1 | 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 | -4 | -2 | -7 | -2 | -1 | -0 | -0 | 0 | 0 | 1 | 1 |
| Provision for Tax | -1 | -1 | 1 | -1 | -0 | 1 | -0 | 1 | 0 | 0 | 0 | 0 |
| Profit After Tax | -1 | -3 | -2 | -6 | -2 | -2 | 0 | -1 | 0 | 0 | 1 | 1 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | -1 | -3 | -2 | -6 | -2 | -2 | 0 | -1 | 0 | 0 | 1 | 1 |
| Adjusted Earnings Per Share | -0.4 | -1.3 | -0.2 | -0.6 | -0.2 | -0.2 | 0 | -0.1 | 0 | 0 | 0.1 | 0.1 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 0% | 0% | 0% | -5% |
| Operating Profit CAGR | 0% | 0% | 0% | 0% |
| PAT CAGR | 0% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -28% | -9% | 40% | 13% |
| ROE Average | 12% | 5% | 1% | -18% |
| ROCE Average | 7% | 3% | 1% | -11% |
| #(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 | 6 | 3 | 16 | 10 | 8 | 6 | 6 | 6 | 6 | 6 | 6 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 3 | 8 | 8 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Other Non-Current Liabilities | 1 | -1 | -0 | -1 | -1 | -0 | -1 | -0 | -0 | -0 | 0 |
| Total Current Liabilities | 6 | 3 | 3 | 2 | 2 | 2 | 1 | 1 | 6 | 1 | 1 |
| Total Liabilities | 13 | 7 | 26 | 19 | 14 | 12 | 12 | 12 | 17 | 12 | 12 |
| Fixed Assets | 2 | 1 | 10 | 4 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Other Non-Current Assets | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Total Current Assets | 11 | 6 | 15 | 14 | 11 | 11 | 10 | 10 | 16 | 10 | 11 |
| Total Assets | 13 | 7 | 26 | 19 | 14 | 12 | 12 | 12 | 17 | 12 | 12 |
| #(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 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow from Operating Activities | 0 | 2 | -10 | -1 | 3 | 1 | -0 | -0 | 0 | -0 | 1 |
| Cash Flow from Investing Activities | 0 | 0 | -11 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 |
| Cash Flow from Financing Activities | 0 | -2 | 20 | 1 | -3 | -1 | 0 | -0 | 0 | 0 | 0 |
| Net Cash Inflow / Outflow | 0 | 1 | -1 | -0 | -0 | -0 | -0 | -0 | 0 | -0 | 0 |
| Closing Cash & Cash Equivalent | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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) | -0.38 | -1.27 | -0.24 | -0.61 | -0.15 | -0.2 | 0.03 | -0.08 | 0 | 0.02 | 0.07 |
| CEPS(Rs) | -0.14 | -1.04 | -0.11 | 0.03 | 0.07 | -0.12 | 0.04 | -0.08 | 0 | 0.02 | 0.07 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 2.5 | 1.22 | 1.56 | 0.95 | 0.8 | 0.61 | 0.64 | 0.56 | 0.56 | 0.58 | 0.64 |
| Core EBITDA Margin(%) | -11.09 | -76.14 | -38.09 | 0 | 18.78 | 0 | 0 | 0 | 0.36 | -25.29 | 21.7 |
| EBIT Margin(%) | -21.52 | -86.79 | -45.95 | 0 | -55.32 | 0 | 0 | 0 | 0.3 | 63.05 | 21.64 |
| Pre Tax Margin(%) | -27.74 | -98.54 | -46.42 | 0 | -55.34 | 0 | 0 | 0 | 0.29 | 63.05 | 21.64 |
| PAT Margin (%) | -16.76 | -68.52 | -66.61 | 0 | -51.02 | 0 | 0 | 0 | 0.23 | 60.48 | 21.43 |
| Cash Profit Margin (%) | -6.34 | -56.33 | -30.16 | 0 | 23.09 | 0 | 0 | 0 | 0.29 | 61.39 | 21.49 |
| ROA(%) | -6.05 | -30.8 | -14.55 | -27.27 | -9.4 | -15.61 | 2.6 | -7.14 | 0.11 | 1.3 | 5.96 |
| ROE(%) | -13.99 | -68.32 | -26.26 | -48.48 | -17.25 | -28.64 | 5.01 | -14.02 | 0.29 | 3.28 | 11.83 |
| ROCE(%) | -9.78 | -47.78 | -11.23 | -34.66 | -10.39 | -7.7 | -1.39 | -1.71 | 0.2 | 1.84 | 6.64 |
| Receivable days | 28.14 | 72.02 | 69.48 | 0 | 459.57 | 0 | 0 | 0 | 432.33 | 9721.04 | 752.06 |
| Inventory Days | 787.89 | 473.03 | 256.83 | 0 | 280.54 | 0 | 0 | 0 | 82.47 | 1819.53 | 166.98 |
| Payable days | 31.47 | 18.28 | -608.37 | 0 | 200.52 | 0 | 0 | 0 | 205.29 | 4631.63 | 155.2 |
| PER(x) | 0 | 0 | 0 | 0 | 0 | 0 | 27.58 | 0 | 3562.5 | 351.08 | 75.73 |
| Price/Book(x) | 0.33 | 1.08 | 2.35 | 4.89 | 2.98 | 4.53 | 1.35 | 5.94 | 10.23 | 11.35 | 8.53 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 1.11 | 1.23 | 12.24 | 0 | 9.93 | 0 | 0 | 0 | 9.11 | 228.24 | 17.59 |
| EV/Core EBITDA(x) | -9.98 | -1.65 | -128.96 | -62.35 | 52.84 | -218.38 | -117.62 | -228.73 | 2562.13 | 356.82 | 81.03 |
| Net Sales Growth(%) | 18.51 | -17.19 | -17.97 | -100 | 0 | -100 | 0 | 0 | 0 | -95.47 | 989.65 |
| EBIT Growth(%) | -517.47 | -233.96 | 56.57 | -332.19 | 77.35 | 42.32 | 83.66 | -19.46 | 111.03 | 849.51 | 273.93 |
| PAT Growth(%) | -164.49 | -238.47 | 20.25 | -150.23 | 75.12 | -33.19 | 115.45 | -368.61 | 101.9 | 1068.55 | 286.06 |
| EPS Growth(%) | -164.49 | -238.46 | 80.85 | -150.23 | 75.12 | -33.19 | 115.45 | -368.63 | 101.91 | 1062.5 | 285.48 |
| Debt/Equity(x) | 0.7 | 1.04 | 0.53 | 0.88 | 0.7 | 0.81 | 0.76 | 0.87 | 0.87 | 0.84 | 0.76 |
| Current Ratio(x) | 1.83 | 2.39 | 5.28 | 7.78 | 7.6 | 6.95 | 7.98 | 8.07 | 2.39 | 8.27 | 10.92 |
| Quick Ratio(x) | 0.24 | 1.57 | 4.22 | 6.1 | 6.58 | 5.95 | 6.81 | 6.86 | 2.15 | 7.06 | 9.33 |
| Interest Cover(x) | -3.46 | -7.39 | -97.84 | -636.62 | -3728.49 | -1222.89 | -334.19 | -132.14 | 22.67 | 0 | 0 |
| Total Debt/Mcap(x) | 2.11 | 0.96 | 0.23 | 0.18 | 0.23 | 0.18 | 0.57 | 0.15 | 0.09 | 0.07 | 0.09 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 25.25 | 25.25 | 25.25 | 25.25 | 25.25 | 25.25 | 25.25 | 25.25 | 25.25 | 25.25 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 74.75 | 74.75 | 74.75 | 74.75 | 74.75 | 74.75 | 74.75 | 74.75 | 74.75 | 74.75 |
| 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 | 0.51 | 0.51 | 0.51 | 0.51 | 2.53 | 2.53 | 2.53 | 2.53 | 2.53 | 2.53 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 1.5 | 1.5 | 1.5 | 1.5 | 7.48 | 7.48 | 7.48 | 7.48 | 7.48 | 7.48 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 2 | 2 | 2 | 10 | 10 | 10 | 10 | 10 | 10 |
* The pros and cons are machine generated.
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