Ratnabhumi Developers Ltd
Ratnabhumi Developers Ltd. is a real estate company having a presence across the entire value chain right from preparing the layout of the building to getting project approvals, as well as construction, development, and sales of the project. Mr. Kaivan Shah is the Chairman and MD of the company. [1][2]
- Market Cap ₹ 182 Cr.
- Current Price ₹ 133
- High / Low ₹ 180 / 92.4
- Stock P/E 588
- Book Value ₹ 25.7
- Dividend Yield 0.00 %
- ROCE 8.48 %
- ROE 0.88 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 5.18 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 -23.8% over past five years.
- Company has a low return on equity of 1.80% over last 3 years.
- Debtor days have increased from 69.3 to 100 days.
- Working capital days have increased from 66,420 days to 1,45,306 days
* 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: Construction Industry: Construction
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
5.73 | 5.01 | 5.30 | 5.99 | 9.20 | 0.59 | 1.98 | 0.97 | 4.14 | 0.52 | -11.38 | 0.51 | |
3.68 | 3.79 | 4.87 | 4.98 | 7.38 | 0.33 | 1.41 | 0.37 | 3.05 | -3.37 | -18.77 | -15.27 | |
Operating Profit | 2.05 | 1.22 | 0.43 | 1.01 | 1.82 | 0.26 | 0.57 | 0.60 | 1.09 | 3.89 | 7.39 | 15.78 |
OPM % | 35.78% | 24.35% | 8.11% | 16.86% | 19.78% | 44.07% | 28.79% | 61.86% | 26.33% | 748.08% | 1,119.70% | 3,094.12% |
0.55 | 1.23 | 1.82 | 1.63 | 0.61 | 0.45 | 0.00 | 0.00 | 0.00 | -1.17 | 0.01 | 0.79 | |
Interest | 1.07 | 1.58 | 0.70 | 0.39 | 0.44 | 0.42 | 0.12 | 0.03 | 0.03 | 2.56 | 7.04 | 15.55 |
Depreciation | 0.05 | 0.09 | 0.10 | 0.05 | 0.03 | 0.03 | 0.02 | 0.02 | 0.01 | 0.03 | 0.13 | 0.79 |
Profit before tax | 1.48 | 0.78 | 1.45 | 2.20 | 1.96 | 0.26 | 0.43 | 0.55 | 1.05 | 0.13 | 0.23 | 0.23 |
Tax % | 19.59% | 60.26% | 24.83% | 27.73% | 32.65% | 26.92% | 23.26% | 34.55% | 22.86% | -30.77% | -4.35% | -30.43% |
1.21 | 0.31 | 1.09 | 1.59 | 1.33 | 0.20 | 0.33 | 0.36 | 0.82 | 0.17 | 0.23 | 0.31 | |
EPS in Rs | 24.20 | 6.20 | 21.80 | 31.80 | 26.60 | 0.15 | 0.24 | 0.26 | 0.60 | 0.12 | 0.17 | 0.23 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | -20% |
5 Years: | -24% |
3 Years: | -50% |
TTM: | -104% |
Compounded Profit Growth | |
---|---|
10 Years: | -1% |
5 Years: | -1% |
3 Years: | -28% |
TTM: | 35% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 11% |
3 Years: | 21% |
1 Year: | 34% |
Return on Equity | |
---|---|
10 Years: | 3% |
5 Years: | 2% |
3 Years: | 2% |
Last Year: | 1% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 13.70 | 13.70 | 13.70 | 13.70 | 13.70 | 13.70 | 13.70 |
Reserves | 5.31 | 5.62 | 6.71 | 8.29 | 9.61 | 19.39 | 19.73 | 20.09 | 20.90 | 21.07 | 21.31 | 21.47 |
15.49 | 8.32 | 3.87 | 5.16 | 3.28 | 1.22 | 0.25 | 0.50 | 0.56 | 41.64 | 109.06 | 192.91 | |
7.98 | 5.73 | 5.69 | 6.10 | 1.06 | 0.80 | 0.18 | 0.18 | 0.21 | 22.11 | 75.86 | 117.01 | |
Total Liabilities | 29.28 | 20.17 | 16.77 | 20.05 | 14.45 | 35.11 | 33.86 | 34.47 | 35.37 | 98.52 | 219.93 | 345.09 |
0.35 | 0.27 | 0.17 | 0.08 | 0.09 | 0.02 | 0.04 | 0.02 | 0.02 | 0.14 | 0.31 | 6.14 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.31 | 0.00 |
Investments | 8.85 | 0.09 | 0.10 | 4.68 | 4.79 | 27.36 | 27.32 | 27.98 | 27.03 | 0.66 | 3.02 | 14.87 |
20.08 | 19.81 | 16.50 | 15.29 | 9.57 | 7.73 | 6.50 | 6.47 | 8.32 | 97.72 | 214.29 | 324.08 | |
Total Assets | 29.28 | 20.17 | 16.77 | 20.05 | 14.45 | 35.11 | 33.86 | 34.47 | 35.37 | 98.52 | 219.93 | 345.09 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2.28 | -5.42 | 1.41 | -2.24 | 3.30 | -63.95 | -59.56 | -49.04 | |||||
-0.67 | -15.32 | -0.04 | 2.02 | -3.35 | 29.98 | -4.52 | -15.43 | |||||
-1.60 | 20.75 | -1.38 | 0.22 | 0.03 | 38.52 | 60.38 | 65.33 | |||||
Net Cash Flow | 0.01 | 0.01 | -0.01 | 0.00 | -0.01 | 4.55 | -3.71 | 0.86 |
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 | 1.91 | 34.97 | 15.15 | 13.41 | 8.33 | 129.92 | 27.65 | 56.44 | 13.22 | 112.31 | -4.49 | 100.20 |
Inventory Days | 2,097.52 | 1,840.41 | 1,183.51 | 744.86 | 104.12 | 2,563.20 | 555.56 | |||||
Days Payable | 459.95 | 8.30 | 1.99 | 13.93 | 5.85 | 8.20 | 7.33 | |||||
Cash Conversion Cycle | 1,639.48 | 1,867.08 | 1,196.68 | 744.33 | 106.60 | 129.92 | 2,582.65 | 56.44 | 561.46 | 112.31 | -4.49 | 100.20 |
Working Capital Days | 623.62 | 799.21 | 752.04 | 576.44 | 342.39 | 4,380.00 | 1,177.95 | 2,396.96 | 345.60 | 49,541.73 | 4,411.43 | 145,305.78 |
ROCE % | 11.94% | 13.37% | 16.85% | 20.62% | 17.56% | 2.85% | 1.62% | 1.71% | 3.11% | 6.92% | 6.59% | 8.48% |
Documents
Announcements
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Jul - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended June 30, 2024
- Board Meeting Outcome for Outcome Of Board Meeting As Per Regulation 30 Of SEBI (LODR) Regulations, 2015 3 Jul
- Closure of Trading Window 29 Jun
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
31 May - Newspaper Publication of Financial Results for the quarter and year ended on March 31, 2024
- Compliances-Reg.24(A)-Annual Secretarial Compliance 30 May
Service Offering
The experience of the Co varies from land acquisition, authority liaisoning, planned development, identification of project types and locations as well as construction development and maintenance of projects commissioned under residential/commercial / retail/plotting or industrial. [1]