Is Keystone Realtors a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Keystone Realtors Ltd is a below average quality company .

Is Keystone Realtors undervalued or overvalued?

The key valuation ratios of Keystone Realtors Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Keystone Realtors share price return in the past 10 years?

Data is not available for this company

Is Keystone Realtors a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Keystone Realtors Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

Keystone Realtors Ltd - Stock Valuation and Financial Performance

Name: Keystone Realtors
Brand: Keystone Realtors

BSE: 543669 | NSE: RUSTOMJEE | Construction - Real Estate | Small Cap

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Keystone Realtors Share Price

₹709.75 -2.95 -0.41%
as on 21-Nov'24 16:59

10 Year X-Ray of Keystone Realtors:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	-1.8%	-8.1%	7.2%	7.7%	8.1%	8%	6.9%	12.5%	8.9%	8.1%	-
Value Creation Index ⓘ	-1.1	-1.6	-0.5	-0.4	-0.4	-0.4	-0.5	-0.1	-0.3	-0.4	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	273	201	247	258	352	602	755	851	328	1,010	365
Sales YoY Gr.	-	-26.5%	23.3%	4.1%	36.5%	71.3%	25.3%	12.8%	-61.5%	208%	-
Adj EPS ⓘ	-6,409.8	-32,607	-5,831.4	-10,724.7	412.1	3,673	895.2	12.3	9.9	9.3	5.4
YoY Gr.	-	NA	NA	NA	NA	791.2%	-75.6%	-98.6%	-19.2%	-6.3%	-
BVPS (₹) ⓘ	1,38,383.5	1,05,776.5	1,88,553.8	1,54,269.3	1,14,931	1,40,179.4	1,40,852.7	70.8	132.5	143.7	196.7
Adj Net Profit ⓘ	-17.3	-87.9	-12.6	-26.6	1	9.1	2.2	123	113	106	68
Cash Flow from Ops. ⓘ	0	0	-68.5	190	262	160	103	14.5	95.3	228	-
Debt/CF from Ops. ⓘ	0	0	-10.4	2.7	2.4	5.4	9.1	55.6	4.7	3.3	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	15.7%	23.5%	10.2%	208%
Adj EPS ⓘ	NA	-53.2%	-78.2%	-6.3%
BVPSⓘ	-53.4%	-73.7%	-89.9%	8.4%
Share Price	-	-	-	30.7%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	-4.5	-26.7	-3.6	-6.8	0.3	2.2	0.5	21.3	10.2	6.7	3.2
Op. Profit Mgn % ⓘ	-6.3	-41.5	21	3.6	3.4	8.7	6.7	13.3	23.5	4.6	-7.4
Net Profit Mgn % ⓘ	-6.3	-43.8	-5.1	-10.3	0.3	1.5	0.3	14.4	34.5	10.5	18.6
Debt to Equity ⓘ	1.9	2.5	1.8	1.3	1.6	2	2.1	1.1	0.3	0.5	0.1
Working Cap Days ⓘ	934	1,334	1,540	1,798	1,246	1,001	977	824	2,347	933	1,779
Cash Conv. Cycle ⓘ	245	1,048	553	1,112	841	682	683	483	1,431	324	1,187

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 10.23%

Debt to equity has declined versus last 3 years average to 0.45

Sales growth is good in last 4 quarters at 478.74%

Return on Equity has declined versus last 3 years average to 3.20%

Net Profit has been subdued in last 3 years -78.18%

Latest Financials - Keystone Realtors Ltd

	Standalone	Consolidated
TTM EPS (₹)	5.4	12.1
TTM Sales (₹ Cr.)	365	2,287
BVPS (₹.) ⓘ	196.7	212.6
Reserves (₹ Cr.) ⓘ	2,353	2,553
P/BV ⓘ	3.62	3.35
PE ⓘ	132.31	58.70

From the Market
52 Week Low / High (₹)	532.05 / 799.95
All Time Low / High (₹)	416.45 / 799.95
Market Cap (₹ Cr.)	8,981
Equity (₹ Cr.)	126
Face Value (₹)	10
Industry PE ⓘ	72.9

Management X-Ray of Keystone Realtors:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Keystone Realtors

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Keystone Realtors

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'22	Mar'23	Mar'24
Sales	273	201	247	258	352	602	755	851	328	1,010
Operating Expenses ⓘ	290	284	195	248	340	550	704	742	257	968
Manufacturing Costs	0	0	73	89	91	1	2	255	340	277
Material Costs	-50	31	-54	104	196	498	624	381	-153	543
Employee Cost	0	0	17	31	26	23	21	21	22	66
Other Costs ⓘ	340	253	160	24	28	28	58	84	49	82
Operating Profit ⓘ	-17	-83	52	9	12	52	50	109	71	43
Operating Profit Margin (%)	-6.3%	-41.5%	21.0%	3.5%	3.3%	8.7%	6.6%	12.9%	21.8%	4.2%
Other Income ⓘ	0	0	26	72	68	43	45	75	88	141
Interest ⓘ	0	0	88	90	74	60	66	25	9	32
Depreciation ⓘ	0	0	2	4	3	3	2	3	4	7
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	-17	-83	-13	-12	2	33	28	156	146	145
Tax ⓘ	0	5	0	11	0	24	25	36	37	34
Profit After Tax	-17	-88	-13	-23	2	9	2	120	109	112
PAT Margin (%)	-6.3%	-43.8%	-5.1%	-9.0%	0.7%	1.5%	0.3%	14.1%	33.3%	11.0%
Adjusted EPS (₹)	-6,409.8	-32,607.0	-5,831.4	-9,307.2	921.7	3,709.7	895.2	12.0	9.6	9.8
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	373	285	407	383	385	448	449	708	1,509	1,636
Share Capital ⓘ	0	0	0	0	100	100	100	100	114	114
Reserves ⓘ	373	285	407	383	285	348	349	608	1,395	1,522
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	567	713	715	503	619	872	937	800	452	741
Long Term Debt	370	235	0	0	0	0	1	59	1	523
Short Term Debt	197	478	715	503	619	872	936	741	451	218
Trade Payables	23	31	25	59	84	134	165	240	281	273
Others Liabilities ⓘ	599	424	442	451	498	802	743	797	1,096	811
Total Liabilities ⓘ	1,562	1,454	1,589	1,396	1,587	2,256	2,294	2,546	3,338	3,460
Fixed Assets
Gross Block	11	15	30	30	47	22	24	30	37	55
Accumulated Depreciation	4	6	8	12	14	2	3	7	8	15
Net Fixed Assetsⓘ	7	9	21	18	32	20	21	23	29	40
CWIP ⓘ	5	0	0	0	0	0	0	0	0	0
Investmentsⓘ	750	745	159	232	271	160	215	553	584	417
Inventories	450	422	818	808	861	1,544	1,419	1,227	1,510	964
Trade Receivables	52	18	18	12	49	135	136	74	40	12
Cash Equivalents	22	10	11	6	24	22	51	112	346	198
Others Assetsⓘ	276	249	561	319	351	374	453	557	830	1,828
Total Assets ⓘ	1,562	1,454	1,589	1,396	1,587	2,256	2,294	2,546	3,338	3,460

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	-68	190	262	160	103	15	95	228
PBT ⓘ	-13	-12	2	33	28	156	146	145
Adjustment ⓘ	90	43	37	76	91	10	-11	-63
Changes in Working Capital ⓘ	-132	144	232	61	3	-134	5	181
Tax Paid ⓘ	-15	15	-10	-9	-19	-18	-44	-35
Cash Flow From Investing Activity ⓘ	-98	126	-37	15	-33	-108	-91	-840
Capex	-20	-1	0	7	-56	0	-6	-4
Net Investments	0	-73	-2	0	0	-120	31	-58
Others ⓘ	-78	200	-35	7	22	12	-116	-778
Cash Flow From Financing Activityⓘ	165	-321	-207	-203	-59	2	275	429
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	692	1
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-153	-114	-84	-127	-124	-72	-57	-47
Dividend Paid ⓘ	0	0	0	0	0	0	0	0
Others ⓘ	318	-207	-123	-76	65	74	-360	476
Net Cash Flow ⓘ	-2	-5	17	-28	11	-92	280	-182

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	-4.53	-26.71	-3.64	-5.85	0.68	2.91	0.64	22.71	9.85	7.1
ROCE (%)	-1.83	-8.05	7.15	7.74	8.08	8	6.94	12.45	8.92	8.11
Asset Turnover Ratio	0.18	0.13	0.16	0.17	0.24	0.31	0.33	0.35	0.11	0.3
PAT to CFO Conversion(x)	N/A	N/A	N/A	N/A	131	17.78	51.5	0.13	0.87	2.04
Working Capital Days
Receivable Days	37	64	26	21	32	56	66	45	63	9
Inventory Days	568	793	915	1,153	867	729	717	567	1,523	447
Payable Days	-155	320	-190	147	133	80	87	194	-620	186

Keystone Realtors Ltd Stock News

Keystone Realtors Ltd FAQs

What is the share price of Keystone Realtors?

Company share prices are keep on changing according to the market conditions. The closing price of Keystone Realtors on 21-Nov-2024 16:59 is ₹709.8.

What is the market cap of Keystone Realtors?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of Keystone Realtors stood at ₹8,981.2.

What is the P/E ratio of Keystone Realtors?

The latest P/E ratio of Keystone Realtors as of 21-Nov-2024 16:59 is 132.3.

What is the P/B ratio of Keystone Realtors?

The latest P/B ratio of Keystone Realtors as of 21-Nov-2024 16:59 is 3.62.

What is the 52-week high and low of Keystone Realtors?

The 52-week high of Keystone Realtors is ₹800.0 and the 52-week low is ₹532.0.

What is the TTM revenue of Keystone Realtors?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Keystone Realtors is ₹365.2 ( Cr.) .

About Keystone Realtors Ltd

The company was incorporated as ‘Keystone Realtors Private Limited’, in Mumbai, under the provisions of Companies Act, 1956 pursuant to a certificate of incorporation dated November 6, 1995 issued by the Registrar of Companies, Maharashtra at Mumbai (RoC).The name of the Company was subsequently changed to ‘Keystone Realtors Limited’, upon conversion into a public company, pursuant to a board resolution dated April 28, 2022 and a shareholders’ resolution dated April 28, 2022, and a fresh certificate of change of name was issued on May 6, 2022 by the RoC.

The company is one of the prominent real estate developers in the micro markets that it is present in. Since the company’s inception in 1995, it has strived to create a brand focused on customer satisfaction, building communities and nurturing spaces that provide its customers a superior lifestyle. It aspire to have its customers perceive the ‘Rustomjee’ brand as a trusted provider of quality offerings and services due to its track record of delivering multiple high-end award winning buildings, gated communities and townships. Its experience in the Mumbai Metropolitan Region (MMR) market have helped it develop a firm understanding and acquire the requisite skill sets to create ideal spaces for communities to flourish.

The company has a diversified suite of projects across a wide range of price points, and a presence in several micro markets. It has experience in developing lifestyle projects, high value standalone buildings, gated communities and fully integrated townships, re-developments and stalled projects. It strategically introduces differentiated offerings and corresponding amenities based on the needs of the location and community to maximise its revenue. Over the years, it has implemented designs based on customer insights and eco-friendly construction technologies to deliver modern lifestyle solutions and a diverse range of projects. It considers gated communities as the future of living, and strives to create “nurturing spaces” to deliver convenience, community and comfort to its customers. It place emphasis on understanding the demographic it cater to, their needs, traditions and lifestyles.

Business area of the company

The company is one of the prominent real estate developers and is engaged primarily in the business of real estate construction, development and other related activities in India.

Key awards, accreditations or recognitions

2016: Best Community Design & Redevelopment Project awarded by NDTV Property Awards 2016 to Rustomjee Oriana.
2018: Best Residential Project Ultra-Luxury Segment awarded by CNBC Real estate Awards 2018-2019 to Rustomjee Seasons.
2019: Best Redevelopment Project (Rustomjee Seasons) awarded by ET NOW News.
2019: Best Employer Brand Award awarded by ET NOW News.
2021: Iconic Super Luxury Project of the Year award by Times Real Estate Conclave 2021, for project Rustomjee Elements.

Major events and milestones

1996: Launched first residential project.
1998: Launched project ‘Regency’ in Dahisar.
2000: Launched project ‘Adarsh/Rivera’ in Malad.
2001: Launched premium project ‘9 JVPD’ on 10th road Juhu.
2004: Acquired abandoned projects namely, Project ‘Raag’, ‘Meg’ and ‘Malhaar’.
2006: Launched township tower ‘Urbania’ in Thane.
2007 Launched the slum redevelopment project ‘Elita’ in Andheri West.
2007: Launched township project ‘Global City’ in Virar.
2009: Mausmi SA Investments LLC invested in Company.
2009: Trinity Capital (Fifteen) Limited invested into Enigma Constructions Private Limited, Rustomjee Construction Private Limited and Kapstone Constructions Private Limited.
2010: Launched redevelopment project ‘Oriana’ in Bandra East.
2011: Launched luxury gated community project ‘Elements’ in Juhu/Andheri.
2013: Launched redevelopment project ‘Seasons’ in Bandra East.
2014: Launched of gated community project ‘Paramount’ in Khar.
2014: Giza Holdings PTE Limited and Voldemort Investment Holding Company Limited invested in Kapstone Constructions Private Limited.
2018: Entered into development management agreement for project ‘Crown’ in Prabhadevi.
2020: Investment by Lipalton Pte. Ltd. (a wholly owned subsidiary of Keppel Land Limited) as a strategic partner in Kapstone Constructions Private Limited.
2021: Acquired land located at Bandra (Bandstand).
2022: The company has partnered with strategic investors such as HDFC Capital Affordable Real Estate Fund – 3 (managed by HDFC Capital Advisors Limited as investment manager).