Develops residential and commercial real estate projects through the parent and six subsidiaries, including Radhika Heights Limited. Nearly all FY26 revenue was driven by a collaboration agreement with Bestech India Pvt. Ltd. for land development, routed through Radhika Heights and its units. Under the Second Addendum signed on September 14, 2025, the company recognized Rs. 7,500 lakh as revenue from non-refundable security deposits received from Bestech India under Ind AS 115, against consolidated revenue from operations of Rs. 7,516.22 lakh. An additional Rs. 45,000 lakh in non-refundable security deposits was received from a developer during the year, which will be recognized in future periods. Standalone operations remain loss-making (Rs. 59.22 lakh loss after tax), while consolidated profit after tax was Rs. 4,949.79 lakh for FY26. The cost shape shows 0% materials, 4.7% employee costs, 12.3% other operating expenses, and 3.1% depreciation as a share of revenue, with capex at 15.1% of revenue. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Collaboration revenue from Bestech India, Standalone residential and commercial real estate. Asset-heavy, lumpy real estate developer whose period results hinge on collaboration milestones and Ind AS 115 revenue recognition rather than steady unit sales.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 12 | 1 | 1 | 75 |
| EBITDA (ex other income) | (3) | 2 | (9) | (8) | 62 |
| margin % | (8885.1) | 19.6 | (1436.6) | (1320.2) | 83.0 |
| Owners' profit | 0 | 0 | (2) | (3) | 0 |
| EPS, as reported (₹) | 0.00 | 1.01 | (0.35) | (0.41) | 7.97 |
| ROE % · ROCE % | (0.0) · (0.1) | 2.5 · 1.9 | (0.9) · (0.7) | (1.1) · (1.3) | 16.9 · 22.5 |
| Debt / equity (x) | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 0 | 7 | (9) | (8) | 36 |
| Capex | (10) | (3) | (1) | (0) | (11) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 55 | 20 | 0 | 0 |
| Profit before tax | (0) | (1) | (1) | (1) | 53 | 18 | (4) | (2) |
| Net profit | (0) | (1) | (1) | (1) | 40 | 12 | (3) | (2) |
| EPS (₹) | (0.01) | (0.38) | (0.15) | (0.08) | 6.50 | 2.03 | (0.48) | (0.28) |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| DLF LIMITED | 1,59,533 | 35.9 | 3.51 | 48.1 | 9.7 | 6.0 | 8.6 | 37.1 |
| LODHA DEVELOPERS LIMITED | 1,11,589 | 27.0 | 4.76 | 22.1 | 14.6 | 15.7 | 25.1 | 40.5 |
| THE PHOENIX MILLS LTD | 67,594 | 52.8 | 4.73 | 26.2 | 10.9 | 9.9 | 32.7 | 63.4 |
| PRESTIGE ESTATE LTD | 64,519 | 56.6 | 3.85 | 18.5 | 7.8 | 6.8 | 11.8 | 38.1 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 3 Sept 2026 · AGM notice published in newspapers - 7th AGM on September 26, 2026 | compliance | minimal | — | — |
| 2 Sept 2026 · RVHL Annual Report FY26: Consolidated revenue up sharply, PAT turns profitable | results | medium | — | — |
| 2 Sept 2026 · Notice of 07th AGM on September 26, 2026 | board shareholder meetings | low | — | — |
| 8 Aug 2026 · Newspaper publication of Q1FY27 unaudited financial results | compliance | minimal | — | — |
| 7 Aug 2026 · Ravinder Heights Q1 FY27 loss narrows; consolidated revenue dips | results | high | — | — |
| 7 Aug 2026 · Ravinder Heights re-appoints internal auditor SNVA and Co for FY26-27 | management changes | low | — | — |
| 7 Aug 2026 · Ravinder Heights Q1 FY27 loss, AGM set for Sept 26 | results | high | — | — |
| 4 Aug 2026 · Board meeting on Aug 7 to consider Q1 FY27 results | results | low | — | — |
| 10 Jul 2026 · RTA confirms no physical share certificates received for demat in Q1 FY27 | compliance | minimal | — | — |
| 10 Jul 2026 · RTA confirmation certificate under SEBI Reg 74(5) for June 2026 quarter | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| OBEROI REALTY LIMITED | 63,306 | 20.8 | 3.53 | 18.2 | 14.0 | 15.5 | 24.0 | 61.1 |
| GODREJ PROPERTIES LTD | 52,653 | 32.9 | 2.72 | 23.7 | 9.5 | 11.4 | 46.3 | 107.7 |
| ANANT RAJ LIMITED | 21,490 | 36.2 | 3.69 | 29.3 | 9.6 | 10.2 | 58.7 | 32.1 |
| BRIGADE ENTER. LTD | 20,941 | 24.4 | 2.78 | 15.7 | 9.6 | 6.8 | 23.9 | 41.9 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 5.1 | 21.8 | 2 of 57 | 98% |
| P/B | 0.8 | 2.1 | 10 of 64 | 84% |
| ROCE | 22.4 | 6.8 | 6 of 67 | 92% |
| ROE | 16.9 | 8.2 | 11 of 67 | 85% |
| Debt / Equity | 0.0 | 0.4 | 10 of 67 | 86% |
| EBITDA margin | (7247.0) | 29.6 | 66 of 66 | 0% |
| Revenue growth | (89.5) | 12.8 | 66 of 67 | 2% |
| Profit growth | (224.7) | 7.5 | 65 of 66 | 2% |
| Market cap | 241 | 2250 | 52 of 67 | 23% |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
