RUSTOMJEENSEKeystone Realtors LimitedMediumNeutral
Announced Tue, 12 May · 14:34 IST

Keystone Realtors Limited has informed the Exchange about Investor Presentation

Mgmt Guided Margin ImprovementOrder Pipeline DisclosedAnalyst Day Multiyear TargetsInvestor Communications View source PDF

RUSTOMJEE · price

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Price reaction · full curve 14 horizons · vs prior close
-3.1%1-day move
₹425.90
prior close
₹415.00
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AI summary

Keystone Realtors (Rustomjee) reported its highest-ever quarterly pre-sales of ₹13.46 billion in Q4FY26, up 58% YoY. For full year FY26, pre-sales reached ₹40.22 billion with 33% YoY growth, achieving 100% of guidance. The company added 5 new projects worth ₹104.2 billion GDV (174% of guidance) and launched 7 projects with ₹98.1 billion GDV (140% of guidance). Collections stood at ₹26.22 billion while operating cash flow was ₹7.15 billion. The balance sheet remains strong with net cash positive position and a debt-to-equity ratio of just 0.26:1. Credit rating was upgraded to CRISIL AA-/Stable. The company has a massive pipeline with ongoing projects GDV of ₹192.4 billion and forthcoming projects GDV of ₹427 billion.

Likely market impact

The strong operational performance with guidance achieved across all parameters reinforces execution capability and revenue visibility. The shift toward premium segments (92% of FY26 pre-sales from premium categories) combined with the large pipeline provides multi-year growth visibility, though investors should note reported EBITDA margins declined to 7.5% due to legacy project mix, though management expects margin expansion going forward.