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 ₹ 228 Cr.
- Current Price ₹ 166
- High / Low ₹ 180 / 96.1
- Stock P/E 83.7
- Book Value ₹ 27.5
- Dividend Yield 0.00 %
- ROCE 8.35 %
- ROE 0.74 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 6.04 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 0.63% 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: Construction Industry: Construction
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|
| 1 | 4 | -1 | -12 | -8 | 133 | |
| 0 | 3 | -3 | -19 | -23 | 113 | |
| Operating Profit | 1 | 1 | 2 | 7 | 16 | 20 |
| OPM % | 62% | 25% | 1,431% | 3,155% | 5,557% | 15% |
| 0 | 0 | 0 | 0 | 1 | 1 | |
| Interest | 0 | 0 | 3 | 7 | 16 | 18 |
| Depreciation | 0 | 0 | 0 | 0 | 1 | 1 |
| Profit before tax | 1 | 1 | -0 | -0 | -0 | 1 |
| Tax % | 35% | 23% | -13% | -5% | -200% | |
| 0 | 1 | 0 | 0 | 0 | 3 | |
| EPS in Rs | 0.26 | 0.60 | 0.12 | 0.17 | 0.19 | 1.98 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 30068% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -32% |
| TTM: | 1033% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 3 Years: | 30% |
| 1 Year: | 75% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 1% |
| Last Year: | 1% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 14 | 14 | 14 | 14 | 14 | 14 |
| Reserves | 20 | 21 | 21 | 21 | 21 | 24 |
| 0 | 1 | 42 | 109 | 194 | 140 | |
| 0 | 0 | 22 | 76 | 117 | 71 | |
| Total Liabilities | 34 | 35 | 99 | 220 | 345 | 250 |
| 0 | 0 | 0 | 0 | 6 | 6 | |
| CWIP | 0 | 0 | 0 | 2 | 0 | 0 |
| Investments | 28 | 27 | 1 | 3 | 15 | 14 |
| 6 | 8 | 98 | 214 | 324 | 230 | |
| Total Assets | 34 | 35 | 99 | 220 | 345 | 250 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| -2 | 3 | -64 | -60 | -49 | |
| 2 | -3 | 30 | -5 | -16 | |
| 0 | 0 | 39 | 60 | 66 | |
| Net Cash Flow | 0 | -0 | 5 | -4 | 1 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Debtor Days | 56 | 13 | -54 | -4 | -6 |
| Inventory Days | 556 | ||||
| Days Payable | 7 | ||||
| Cash Conversion Cycle | 56 | 562 | -54 | -4 | -6 |
| Working Capital Days | 2,397 | 352 | 23,853 | 4,247 | 9,369 |
| ROCE % | 3% | 4% | 6% | 8% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
13 Nov - Newspaper Advertisement of Unaudited Financial Results for the quarter and half year ended on September 30, 2024
- Unaudited Financial Results For The Quarter And Half Year Ended On September 30, 2024 12 Nov
-
Board Meeting Outcome for Unaudited Financial Results For The Quarter And Half Year Ended On September 30, 2024
12 Nov - Approved unaudited financial results for Q2 2024.
-
Board Meeting Intimation for Approval Of Unaudited Financial Results For The Quarter And Half Year Ended On September 30, 2024
30 Oct - Board meeting to approve financial results on November 12, 2024.
-
Announcement under Regulation 30 (LODR)-Credit Rating
29 Oct - Withdrawal of credit rating by CARE Ratings.
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]