Citadel Realty & Developers Ltd

Citadel Realty & Developers Ltd

₹ 57.1 -4.93%
22 Nov - close price
About

Incorporated in 1968, Citadel Realty & Developers Ltd is in the business of construction, development and sale of residential real estate projects[1]

Key Points

Business Overview:[1][2]
Company builds townships, affordable housing projects, ultra-luxury skyscrapers, small offices and large business centers in Mumbai Metropolitan Region (MMR). It has constructed homes for 10,000+ families, retail space for 400 retailers and offices for 350 businesses. Company's carries out business under viz. own development, through joint ventures and joint development and other arrangements with third parties

  • Market Cap 45.1 Cr.
  • Current Price 57.1
  • High / Low 67.7 / 24.0
  • Stock P/E 39.9
  • Book Value 15.9
  • Dividend Yield 0.00 %
  • ROCE 11.1 %
  • ROE 9.96 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 3.58 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 7.19% over past five years.
  • Company has a low return on equity of 8.17% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Realty Industry: Construction

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
0.63 0.63 0.62 0.70 0.71 0.71 0.70 0.79 0.80 0.80 0.79 0.88 0.89
0.05 0.05 0.06 0.04 0.06 0.06 0.10 0.04 0.10 0.06 0.07 0.05 0.12
Operating Profit 0.58 0.58 0.56 0.66 0.65 0.65 0.60 0.75 0.70 0.74 0.72 0.83 0.77
OPM % 92.06% 92.06% 90.32% 94.29% 91.55% 91.55% 85.71% 94.94% 87.50% 92.50% 91.14% 94.32% 86.52%
0.00 0.00 0.00 0.03 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.01 0.00
Interest 0.44 0.44 0.43 0.58 0.01 0.30 0.30 0.34 0.34 0.35 0.36 0.41 0.42
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax 0.14 0.14 0.13 0.11 0.64 0.35 0.30 0.42 0.36 0.39 0.36 0.43 0.35
Tax % 28.57% 28.57% 30.77% 18.18% 20.31% 34.29% 33.33% 26.19% 25.00% 25.64% 25.00% 25.58% 28.57%
0.10 0.10 0.08 0.09 0.51 0.22 0.20 0.31 0.27 0.29 0.27 0.32 0.25
EPS in Rs 0.13 0.13 0.10 0.11 0.65 0.28 0.25 0.39 0.34 0.37 0.34 0.41 0.32
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
0.00 1.26 0.00 3.73 8.75 1.42 2.24 2.05 2.25 2.52 2.80 3.17 3.36
0.06 1.17 0.12 1.80 3.73 0.91 0.39 0.36 0.24 0.22 0.25 0.26 0.30
Operating Profit -0.06 0.09 -0.12 1.93 5.02 0.51 1.85 1.69 2.01 2.30 2.55 2.91 3.06
OPM % 7.14% 51.74% 57.37% 35.92% 82.59% 82.44% 89.33% 91.27% 91.07% 91.80% 91.07%
0.16 0.00 0.01 0.26 0.94 1.92 0.23 0.24 0.14 0.01 0.03 0.01 0.01
Interest 0.00 0.00 0.11 0.40 0.54 1.36 1.49 1.37 1.53 1.74 1.18 1.38 1.54
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax 0.10 0.09 -0.22 1.79 5.42 1.07 0.59 0.56 0.62 0.57 1.40 1.54 1.53
Tax % 30.00% 44.44% -22.73% 58.10% 26.75% 25.23% 15.25% 3.57% 22.58% 29.82% 26.43% 25.97%
0.06 0.06 -0.18 0.76 3.97 0.80 0.49 0.53 0.48 0.40 1.03 1.14 1.13
EPS in Rs 0.08 0.08 -0.25 1.07 5.59 1.06 0.65 0.67 0.61 0.51 1.31 1.44 1.44
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 8.99% 47.00% 76.73% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 10%
5 Years: 7%
3 Years: 12%
TTM: 12%
Compounded Profit Growth
10 Years: 34%
5 Years: 18%
3 Years: 33%
TTM: 13%
Stock Price CAGR
10 Years: 18%
5 Years: 28%
3 Years: 60%
1 Year: 77%
Return on Equity
10 Years: 13%
5 Years: 7%
3 Years: 8%
Last Year: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 3.57 3.57 3.57 3.57 3.57 7.52 7.52 7.89 7.89 7.89 7.89 7.89 7.89
Reserves -2.28 -2.22 -2.40 -1.56 2.41 1.34 1.38 1.08 1.56 1.96 2.99 4.13 4.69
5.57 7.08 8.13 8.08 14.60 11.91 13.30 14.90 16.68 18.78 13.58 15.93 17.15
0.45 2.00 2.53 3.68 1.27 0.60 1.03 0.37 0.42 0.37 7.29 6.79 6.65
Total Liabilities 7.31 10.43 11.83 13.77 21.85 21.37 23.23 24.24 26.55 29.00 31.75 34.74 36.38
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.01 0.09 0.10 0.10 0.33 0.57 0.71 0.72 0.76 0.77 0.78
7.31 10.43 11.82 13.68 21.75 21.27 22.90 23.67 25.84 28.28 30.99 33.97 35.60
Total Assets 7.31 10.43 11.83 13.77 21.85 21.37 23.23 24.24 26.55 29.00 31.75 34.74 36.38

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-0.07 -1.48 -2.28 4.46 -6.00 1.07 0.54 -0.82 -0.13 -0.34 -0.30 -0.70
0.00 0.14 1.30 -4.37 0.00 1.86 1.69 1.79 2.11 2.51 2.79 3.16
-0.17 1.39 0.94 -0.09 5.97 -2.90 -2.26 -0.95 -2.00 -2.16 -2.41 -2.55
Net Cash Flow -0.24 0.05 -0.04 0.00 -0.03 0.03 -0.03 0.02 -0.02 0.00 0.08 -0.09

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 530.12 0.00 5.42 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Days 1,205.50 1,466.64 348.85 2,000.20
Days Payable 63.62 8.85 4.31 0.00
Cash Conversion Cycle 1,672.00 1,457.79 349.97 2,000.20 0.00 0.00 0.00 0.00 0.00 0.00
Working Capital Days 1,448.41 741.74 770.46 4,793.84 3,242.63 3,794.22 3,813.84 3,778.91 3,752.98 3,696.06
ROCE % 1.45% 1.18% -1.24% 22.59% 38.87% 11.75% 9.68% 8.38% 8.60% 8.44% 9.72% 11.14%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
64.94% 64.94% 64.94% 64.93% 64.93% 64.93% 64.93% 64.93% 64.93% 64.93% 64.93% 64.93%
0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03%
35.03% 35.03% 35.03% 35.02% 35.03% 35.03% 35.03% 35.03% 35.02% 35.02% 35.04% 35.02%
No. of Shareholders 3,5483,6043,6283,6163,6703,6513,6673,7613,8033,9304,0774,138

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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