WEBSITE BSE:531822 NSE: RODIUM Inc. Year: 1993 Industry: Construction - Real Estate My Bucket: Add Stock
Last updated: 10:35
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1. Business Overview
Rodium Realty Ltd. is an Indian real estate development company operating in the Construction - Real Estate sector. Its core business involves the acquisition of land parcels, planning and design, development, and subsequent sale of residential and commercial properties. The company generates revenue primarily through the sale of developed real estate units to individual buyers and businesses. Its business model relies on project-based execution, from land sourcing and regulatory approvals to construction and marketing.
2. Key Segments / Revenue Mix
Specific details regarding Rodium Realty's key business segments or a precise revenue mix are not publicly available from the provided information. However, typical for companies in this industry, revenue would primarily be derived from:
Residential Projects: Sale of apartments, villas, and plotted developments.
Commercial Projects: Sale or leasing of office spaces, retail outlets, and other commercial properties.
The proportion of revenue from each segment would depend on the company's current project portfolio and strategic focus.
3. Industry & Positioning
The Indian real estate industry is large, highly fragmented, and cyclical, influenced by economic growth, interest rates, and government policies. It is characterized by numerous regional and national players. Rodium Realty operates within this competitive landscape, likely positioned as a regional or mid-tier developer, given the vast number of larger, more established national players. Its positioning would depend on its geographical presence (e.g., specific cities or regions) and its focus on particular property types or price points (e.g., affordable, mid-income, or luxury segments).
4. Competitive Advantage (Moat)
Based on the limited information, Rodium Realty Ltd. is unlikely to possess significant durable competitive advantages (moats) like a dominant brand, massive scale, or proprietary technology that create high barriers to entry. In the fragmented Indian real estate market, potential transient advantages could include:
Local Market Expertise: Deep understanding of specific micro-markets, local regulations, and consumer preferences.
Efficient Project Execution: Ability to complete projects on time and within budget, building trust and reputation.
Strategic Land Bank: Access to well-located land parcels at competitive prices.
However, these are often replicable and do not typically constitute a strong, long-term moat against well-capitalized competitors.
5. Growth Drivers
Key factors that could drive Rodium Realty's growth over the next 3-5 years include:
Urbanization and Population Growth: Continued migration to urban centers drives demand for housing and commercial spaces.
Rising Disposable Incomes: Growth in personal incomes and increasing financialization of savings enhance affordability and investment in real estate.
Government Initiatives: Policies supporting affordable housing, smart cities, and infrastructure development create new opportunities.
Favorable Interest Rate Environment: Lower home loan interest rates make property acquisition more attractive for consumers.
Successful Project Launches: Timely execution and delivery of well-received residential and commercial projects.
6. Risks
Rodium Realty faces several inherent business risks:
Cyclicality of Real Estate: The sector is highly sensitive to economic downturns, impacting demand and property prices.
Regulatory Risks: Changes in government policies, land acquisition norms, environmental regulations, and RERA (Real Estate Regulatory Authority) can cause project delays or cost overruns.
Funding and Interest Rate Risks: Reliance on debt financing makes the company vulnerable to interest rate fluctuations and access to capital.
Project Execution Risks: Delays in construction, cost overruns, and quality issues can damage reputation and profitability.
Competition: Intense competition from both organized national players and local developers can impact market share and pricing power.
Liquidity Risk: Slow sales or delays in receivables can affect cash flow and project funding.
7. Management & Ownership
As is common for many Indian companies, Rodium Realty Ltd. is likely promoter-led, meaning the founding family or a core group holds a significant ownership stake and plays a crucial role in management. Information on specific management individuals, their track record, or corporate governance practices is not provided. The quality of management would depend on their experience in real estate development, ability to navigate regulatory complexities, financial prudence, and vision for sustainable growth. The ownership structure typically involves promoters holding the largest block of shares, alongside institutional and public shareholders.
8. Outlook
Rodium Realty operates in a sector with significant long-term growth potential, driven by India's demographic tailwinds, urbanization, and improving economic conditions. The demand for quality housing and commercial spaces is expected to remain robust. However, the company's performance will be heavily influenced by its ability to manage the inherent cyclicality and intense competition of the real estate market. Key to its future success will be disciplined project selection, efficient execution, prudent financial management, and adaptability to evolving regulatory landscapes. While the broader market offers opportunities, the company's specific growth trajectory will depend on its localized strategy, brand building efforts, and ability to raise capital for new projects effectively.
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Market Cap ₹55 Cr.
Stock P/E 16.1
P/B 2.4
Current Price ₹170.5
Book Value ₹ 70.8
Face Value 10
52W High ₹257.3
Dividend Yield 0%
52W Low ₹ 141.3
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 | 8 | 11 | 22 | 9 | 14 | 17 | 22 | 15 | 14 | 29 |
| Other Income | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 8 | 12 | 22 | 9 | 14 | 17 | 23 | 15 | 15 | 29 |
| Total Expenditure | 8 | 12 | 17 | 12 | 12 | 13 | 17 | 11 | 11 | 26 |
| Operating Profit | -0 | -0 | 6 | -3 | 2 | 4 | 6 | 4 | 4 | 4 |
| Interest | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| 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 | 5 | -4 | 1 | 4 | 5 | 3 | 3 | 3 |
| Provision for Tax | 0 | 1 | -0 | -1 | 0 | 2 | 1 | 1 | 1 | 1 |
| Profit After Tax | -1 | -2 | 5 | -3 | 1 | 2 | 4 | 2 | 2 | 2 |
| Adjustments | 0 | -0 | 0 | 0 | 0 | -0 | 0 | -0 | 0 | 0 |
| Profit After Adjustments | -1 | -2 | 5 | -3 | 1 | 2 | 4 | 2 | 2 | 2 |
| Adjusted Earnings Per Share | -1.8 | -4.7 | 14.8 | -8.7 | 2 | 4.7 | 11.5 | 7 | 6.8 | 6 |
| #(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 | 21 | 11 | 49 | 29 | 40 | 38 | 16 | 13 | 42 | 48 | 62 | 80 |
| Other Income | 2 | 2 | 1 | 2 | 1 | 2 | 2 | 2 | 2 | 1 | 1 | 0 |
| Total Income | 22 | 12 | 51 | 31 | 41 | 40 | 18 | 14 | 44 | 49 | 63 | 82 |
| Total Expenditure | 19 | 8 | 47 | 28 | 36 | 36 | 18 | 13 | 40 | 43 | 53 | 65 |
| Operating Profit | 4 | 4 | 4 | 3 | 5 | 4 | 0 | 1 | 4 | 6 | 9 | 18 |
| Interest | 1 | 1 | 2 | 2 | 2 | 3 | 4 | 2 | 2 | 2 | 3 | 4 |
| 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 | 3 | 4 | 1 | 1 | 3 | 0 | -4 | -1 | 2 | 3 | 6 | 14 |
| Provision for Tax | 1 | 2 | 1 | 0 | 1 | 0 | -1 | -1 | 2 | 2 | 2 | 4 |
| Profit After Tax | 2 | 2 | 1 | 0 | 2 | 0 | -3 | -1 | 1 | 1 | 3 | 10 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | -1 | -1 | 0 |
| Profit After Adjustments | 2 | 2 | 1 | 0 | 2 | 0 | -3 | -1 | 0 | 1 | 3 | 10 |
| Adjusted Earnings Per Share | 4.2 | 4.8 | 2.5 | 0.8 | 6.7 | 0.4 | -8.6 | -2.1 | 0.9 | 1.6 | 8.2 | 31.3 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 29% | 68% | 10% | 11% |
| Operating Profit CAGR | 50% | 108% | 18% | 8% |
| PAT CAGR | 200% | 0% | 0% | 4% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -7% | 56% | 21% | 0% |
| ROE Average | 22% | 13% | 3% | 8% |
| ROCE Average | 9% | 6% | 4% | 4% |
| #(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 | 16 | 17 | 11 | 11 | 13 | 16 | 13 | 13 | 14 | 14 | 18 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 2 |
| Borrowings | 17 | 6 | 18 | 31 | 30 | 22 | 21 | 27 | 29 | 29 | 51 |
| Other Non-Current Liabilities | 0 | 0 | -0 | 0 | 0 | 0 | -0 | -1 | -1 | -1 | -3 |
| Total Current Liabilities | 84 | 88 | 67 | 71 | 92 | 77 | 76 | 83 | 76 | 102 | 96 |
| Total Liabilities | 116 | 110 | 95 | 113 | 134 | 116 | 110 | 122 | 119 | 146 | 163 |
| Fixed Assets | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 |
| Other Non-Current Assets | 18 | 18 | 10 | 10 | 14 | 14 | 8 | 13 | 10 | 9 | 16 |
| Total Current Assets | 98 | 91 | 86 | 103 | 121 | 101 | 102 | 109 | 109 | 137 | 145 |
| Total Assets | 116 | 110 | 95 | 113 | 134 | 116 | 110 | 122 | 119 | 146 | 163 |
| #(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 | 1 | 0 | 6 | 3 | 3 | 7 | 5 | 3 | 3 | 3 |
| Cash Flow from Operating Activities | -11 | 15 | 7 | -18 | -13 | 25 | 4 | -10 | -2 | 2 | 6 |
| Cash Flow from Investing Activities | 2 | 2 | 3 | 2 | 1 | 0 | 1 | 3 | 1 | 0 | -5 |
| Cash Flow from Financing Activities | 10 | -17 | -4 | 14 | 12 | -21 | -7 | 5 | 1 | -2 | 2 |
| Net Cash Inflow / Outflow | 1 | -1 | 6 | -3 | -1 | 5 | -2 | -2 | 0 | 0 | 3 |
| Closing Cash & Cash Equivalent | 1 | 0 | 6 | 3 | 3 | 7 | 5 | 3 | 3 | 3 | 6 |
| # | 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) | 4.25 | 4.8 | 2.48 | 0.82 | 6.68 | 0.43 | -8.62 | -2.05 | 0.9 | 1.65 | 8.25 |
| CEPS(Rs) | 6.85 | 7.18 | 2.75 | 1.18 | 7.05 | 0.78 | -8.41 | -1.9 | 3.01 | 4.39 | 11.89 |
| DPS(Rs) | 0.8 | 0.8 | 1 | 0.8 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 26.25 | 29.7 | 33.07 | 32.71 | 38.47 | 48.63 | 40.16 | 39.14 | 41.12 | 42.96 | 53.92 |
| Core EBITDA Margin(%) | 10.63 | 26.97 | 4.27 | 2.53 | 10.14 | 4.57 | -14.2 | -4 | 4.53 | 9.36 | 13.35 |
| EBIT Margin(%) | 17.64 | 40.52 | 7 | 8.51 | 13.22 | 9.64 | -0.33 | 7.54 | 9.87 | 12.04 | 14.44 |
| Pre Tax Margin(%) | 13.89 | 35.15 | 2.75 | 2.3 | 8.59 | 0.82 | -22.35 | -9.68 | 5.69 | 7.32 | 9.62 |
| PAT Margin (%) | 9.67 | 20.77 | 1.63 | 0.91 | 5.47 | 0.37 | -17.5 | -5.18 | 2.12 | 2.78 | 5.59 |
| Cash Profit Margin (%) | 10.71 | 22.12 | 1.81 | 1.32 | 5.78 | 0.67 | -17.07 | -4.8 | 2.32 | 3 | 6.28 |
| ROA(%) | 1.93 | 1.93 | 0.78 | 0.25 | 1.75 | 0.11 | -2.48 | -0.58 | 0.74 | 1 | 2.22 |
| ROE(%) | 24.86 | 24.08 | 7.91 | 2.48 | 18.76 | 0.98 | -19.42 | -5.18 | 6.82 | 9.68 | 21.87 |
| ROCE(%) | 4.52 | 5 | 4.39 | 2.97 | 4.97 | 3.24 | -0.05 | 0.96 | 3.91 | 5.54 | 8.56 |
| Receivable days | 216.48 | 327.73 | 42.75 | 176.4 | 93.55 | 94.22 | 338.35 | 329.71 | 106.47 | 118.91 | 172.38 |
| Inventory Days | 1085.23 | 2743.39 | 527.66 | 797.48 | 700.67 | 730.2 | 1492.68 | 1832.55 | 543.36 | 453.53 | 360.18 |
| Payable days | 24.43 | 273.25 | 23.42 | 65.02 | 72.87 | 77.15 | 122.6 | 152.96 | 42.95 | 50.62 | 51.23 |
| PER(x) | 39.15 | 34.77 | 50.77 | 171.02 | 18.85 | 225.19 | 0 | 0 | 49.5 | 42.84 | 22.07 |
| Price/Book(x) | 6.34 | 5.62 | 3.81 | 4.28 | 3.27 | 1.97 | 1.72 | 1.9 | 1.09 | 1.64 | 3.38 |
| Dividend Yield(%) | 0.48 | 0.48 | 0.79 | 0.57 | 0.79 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 6.47 | 11.83 | 2.03 | 4.05 | 3.72 | 3.06 | 6.17 | 8.87 | 2.43 | 2.09 | 2.34 |
| EV/Core EBITDA(x) | 34.64 | 28.25 | 28.23 | 45.42 | 27.5 | 30.8 | 5873.06 | 112.05 | 24.1 | 17.08 | 15.49 |
| Net Sales Growth(%) | 17.82 | -49.32 | 368.55 | -41.21 | 36.55 | -4.47 | -57.73 | -19.46 | 226.3 | 13.06 | 29.45 |
| EBIT Growth(%) | -33.21 | 16.41 | -19.03 | -28.52 | 112.02 | -30.33 | -101.43 | 1961.49 | 327.06 | 37.97 | 55.25 |
| PAT Growth(%) | -22.7 | 8.88 | -63.16 | -67.15 | 718.94 | -93.63 | -2125.56 | 76.18 | 233.34 | 48.56 | 160.38 |
| EPS Growth(%) | 2.96 | 12.93 | -48.27 | -67.01 | 716.05 | -93.62 | -2122.57 | 76.18 | 144.01 | 82.21 | 400.63 |
| Debt/Equity(x) | 4.73 | 3.78 | 6.03 | 7.29 | 8.54 | 5.52 | 6.39 | 7.1 | 6.94 | 5.99 | 5.14 |
| Current Ratio(x) | 1.17 | 1.04 | 1.28 | 1.45 | 1.32 | 1.32 | 1.33 | 1.31 | 1.44 | 1.34 | 1.51 |
| Quick Ratio(x) | 0.3 | 0.07 | 0.42 | 0.48 | 0.42 | 0.42 | 0.52 | 0.5 | 0.68 | 0.75 | 0.88 |
| Interest Cover(x) | 4.71 | 7.55 | 1.65 | 1.37 | 2.86 | 1.09 | -0.01 | 0.44 | 2.36 | 2.55 | 2.99 |
| Total Debt/Mcap(x) | 1.38 | 1.17 | 1.61 | 1.73 | 2.65 | 2.83 | 3.78 | 3.79 | 6.48 | 3.7 | 1.54 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 69.88 | 70.36 | 70.4 | 70.4 | 70.42 | 70.42 | 70.42 | 70.43 | 70.33 | 70.37 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0.02 | 0 | 0.08 | 0 |
| Public | 30.12 | 29.64 | 29.6 | 29.6 | 29.58 | 29.58 | 29.55 | 29.57 | 29.6 | 29.63 |
| 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 | 0.23 | 0.23 | 0.23 | 0.23 | 0.23 | 0.23 | 0.23 | 0.23 | 0.23 | 0.23 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.32 | 0.32 | 0.32 | 0.32 | 0.32 | 0.32 | 0.32 | 0.32 | 0.32 | 0.32 |
* The pros and cons are machine generated.
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