What the business is, and whether it's a good one at a fair price.
Develops residential and commercial real estate projects in the Mumbai Metropolitan Region (MMR) under the Rustomjee brand, selling apartments and commercial space to end-buyers. FY26 revenue from operations stood at INR 2,634.54 cr, with FY26 presales (bookings) of INR 4,022 cr, up 33% YoY, and Q4 FY26 alone delivering record presales of INR 1,346 cr. The pipeline is supported by 17 ongoing projects in Mumbai with combined gross development value (GDV) of INR 192.42 bn and forthcoming projects GDV of INR 427 bn. In FY26, the company launched 7 projects (INR 9,813 cr GDV) and added 5 new business development projects (INR 10,400 cr GDV), with 21 of the 25 projects added since FY23 being redevelopment projects. The mix is shifting away from legacy low-margin projects, with FY27 revenue guided at 12% legacy and 88% new projects targeting ~35% gross margins and ~20% EBITDA, alongside a commercial annuity income target of INR 100 cr by 2030. Cost structure is dominated by materials and construction inputs at 71.6% of revenue, with employee costs at 6.2% and other opex at 9.9%. The company is net cash positive with gross debt-to-equity at 0.26:1 and holds CRISIL AA-/Stable and ICRA AA-/Stable ratings; Q1 FY27 presales were INR 6.17 bn (down 42% YoY) as no new launches were planned that quarter.
Measured from the filed financials, judged against its Residential Commercial Projects peers · as of FY26 — not investment advice
How has the market priced it — with filings on the timeline?
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
How does it stack up on valuation, returns and growth?
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Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
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Who owns it — and is the promoter stake clean?
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Answered from KEYSTONE REALTORS LIMITED's filed financials and exchange disclosures
KEYSTONE REALTORS LIMITED is a Realty company listed on NSE and BSE, trading under the symbol RUSTOMJEE.
Yes. Over the trailing twelve months KEYSTONE REALTORS LIMITED reported a net profit of ₹131 Cr on revenue of ₹2,832 Cr.
Yes. The dividend yield is 0.43% at the current price. It paid out 20% of its profit as dividend in FY26.
No. Debt stands at 0.51× equity, and it carries net debt of ₹995 Cr. That is lower than 33% of its 67 Residential Commercial Projects peers.
On trailing P/E, KEYSTONE REALTORS LIMITED ranks 46 of 57 in Residential Commercial Projects — cheaper than 20% of them, against an industry median of 21.8×. This is a position, not a valuation judgement.
On a typical session KEYSTONE REALTORS LIMITED moves 1.05% — that is the median absolute close-to-close move across its last 268 trading days. Announcement days are routinely larger.
Every NSE and BSE filing by KEYSTONE REALTORS LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.
Figures are as last reported and may lag the latest filing. Not investment advice.
