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Ratnabhumi Developers Limited

Realty › Realty
₹170.00
at close · 28 Oct 2026
▲ 0.00 (+0.00%)

Latest filings

  1. Board to approve September 2026 quarterly and half-year results · Results
  2. Compliance Certificate Under SEBI Reg 74(5) For Sep Quarter · Compliance
  3. Trading window closed ahead of Q2 FY27 results declaration · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Develops residential and commercial real estate projects concentrated in Ahmedabad, Gujarat. Reported revenue of ₹61.45 crore in FY26, down sharply from ₹213.47 crore in FY25 and ₹0.28 crore in FY24, reflecting the lumpy, project-based nature of property sales. Ongoing projects were reported at 40-43% completion in early 2026. Financing for project development comes largely from bank debt — the company carries a ₹151 crore long-term bank facility made up of three SBI term loans, rated IVR BBB- with a Stable outlook. The group has one wholly-owned subsidiary (Ratnabhumi Techno Engg) and three associate LLPs, and shareholders are being asked to approve aggregate related party transactions of up to ₹1,030 crore across 7 related parties, including a ₹400 crore construction contract and unsecured loans at 9% p.a. The FY26 cost base was dominated by other operating expenses at ₹11.13 crore (18.1% of revenue), with employee cost at ₹1.33 crore (2.2%) and depreciation at ₹0.84 crore (1.4%).

Operating scale
FY26 revenue
₹61.45 croreFY26
FY25 revenue
₹213.47 croreFY25
Long-term bank facility
₹151 crore (3 SBI term loans)FY26
Ongoing project completion
40-43% completeFeb 2026
Aggregate related party transactions (proposed)
Up to ₹1,030 crore across 7 related partiesAGM notice 2026
Construction contract (related party)
₹400 croreAGM notice 2026
Who pays it
Property buyers in Ahmedabad
Biggest cost
Other operating expenses at 18.1% of revenue (₹11.13 crore in FY26)
Kind of business
Project-based, lumpy real estate developer with leveraged balance sheet
Where it sits
Ahmedabad-focused residential and commercial real estate developer, grouped under the Ratna Group
Market Cap
₹233 Cr
P / E (TTM)
73.9×
EV / EBITDA
18.4×
Div Yield
—
Growth
72.9%▲
Revenue 5y CAGR
PAT — · EBITDA —
Quality
7.0%·
ROCE (5y median)
ROE 0.8% (5y median) · margin 30.6%
Leverage
2.68·
Debt / Equity · high
Net debt ₹114 Cr
Revenue FY21→FY26
15.5×▲
Revenue change
₹4 Cr → ₹61 Cr
Cash conversion
-7.33×▼
Operating cash ÷ profit · 5 yrs
₹-70 Cr on ₹10 Cr
Moves on a normal day
2.50%·
Median daily move
Last 155 sessions · the yardstick for filing-day moves
Where it sits among 92 Residential, Commercial Projects peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#52/61
P/B#59/70
ROCE#40/88
ROE#17/73
Debt / Equity#66/73
EBITDA margin#22/59
Revenue growth#43/64
Profit growth#54/79

Scorecard

Measured from the filed financials, judged against its Residential, Commercial Projects peers · as of FY26 — not investment advice

Strengths
Revenue compounding 73% a year over 5 years
Concerns
Returns on capital 7.0% (5-year median)
#40 of 88 in Residential, Commercial Projects on the latest reported figures · up from 2.8% in FY21
Carries more debt than its peers — 2.68× equity
higher than 90% of its 73 Residential, Commercial Projects peers
Over 5 years it reported ₹9.54 Cr of profit and an operating cash outflow of ₹70 Cr — -7.33×
Less than 60p of every ₹1 of profit arrived as cash
Heavy working capital — 1000 days of cash tied up

Charts

How has the market priced it — with filings on the timeline?

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from Ratnabhumi Developers Limited's filed financials and exchange disclosures

What does Ratnabhumi Developers Limited do?

Ratnabhumi Developers Limited is a Realty company listed on BSE.

Is Ratnabhumi Developers Limited profitable?

Yes. Over the trailing twelve months Ratnabhumi Developers Limited reported a net profit of ₹3.14 Cr on revenue of ₹61 Cr.

Does Ratnabhumi Developers Limited pay a dividend?

Not in the latest reported year — Ratnabhumi Developers Limited's dividend payout for FY26 was nil.

Is Ratnabhumi Developers Limited debt-free?

No. It reported borrowings of ₹118 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹114 Cr after cash. Debt stands at 2.68× equity. That is higher than 90% of its 73 Residential, Commercial Projects peers.

Is Ratnabhumi Developers Limited expensive compared with its peers?

On trailing P/E, Ratnabhumi Developers Limited ranks 52 of 61 in Residential, Commercial Projects — cheaper than 15% of them, against an industry median of 17.4×. This is a position, not a valuation judgement.

How much does the Ratnabhumi Developers Limited share price move in a day?

On a typical session Ratnabhumi Developers Limited moves 2.50% — that is the median absolute close-to-close move across its last 155 trading days. MarketPing measures each filing's price reaction against it.

Where can I track Ratnabhumi Developers Limited's announcements?

Every NSE and BSE filing by Ratnabhumi Developers 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.