RUSTOMJEEConsumer Discretionary

Keystone Realtors Limited

Residential, Commercial Projects · ISIN INE263M01029 · BSE 543669 · NSE EQ · FV ₹10
Last price
₹341
+0.77%today
What this company does

Keystone Realtors Limited operates in Residential, Commercial Projects, part of the Consumer Discretionary sector. It booked ₹470 cr of revenue in its latest quarter (Q1 FY27) and kept 11.1% of sales as profit.

About the Company sustainable housing solutions. This approach not only Keystone Realtors Limited, widely recognised under addresses the city’s pressing need for urban renewal the Rustomjee brand, is a leading real estate developer but also ensures that residents benefit from upgraded with a longstanding presence across the Mumbai living environments and improved infrastructure. Metropolitan Region (MMR).
Their stated vision

is to create solutions that meet the changing needs of communities and high-quality homes our customers.

In the report:
54out of 100
Equitytale Health Score
Mixed

Healthier than 54% of companies in Consumer Discretionary, on the 5 of 6 measures we could read for it. Each measure is ranked against the 326–421 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
oversold
RSI (14)
26

At close. Not part of the score.

Profitability & returns59

How much profit it earns on the money it employs

Balance sheet42

How much it owes, and whether earnings cover the interest

Cash quality33

Whether reported profit actually arrives as cash

Valuation54

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Profit up 248% vs last year
Promoters hold 75%
No promoter shares pledged
Watch-outs
! Low 7.3% return on equity
! Operating cash flow is negative

What if I invest in RUSTOMJEE?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹341 +0.77%
latest close · 2026-09-17
52-wk low ₹33242 sessions so far52-wk high ₹433
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio20.2Average
LowAverageHigh
P/B ratio1.50Moderate
Below bookModerateHigh
EV / EBITDA12.6Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity7.3%Weak
WeakFairStrong ▸15%
Return on capital11.3%Fair
WeakFairStrong
Net margin11.1%Decent
ThinDecentStrong
EBITDA margin22.4%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.51Moderate
LowModerateHigh ▸1
Interest cover3.3×Okay
RiskyOkayStrong ▸5×
Current ratio1.77Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹4,304 cr
Book value
₹227
EPS
₹4.21
latest quarter
Net debt
₹995 cr
owes more than its cash
Enterprise value
₹5,299 cr
EBITDA
₹421 cr
annualised
EBIT
₹399 cr
annualised
Operating margin
21.2%
Return on assets
3.1%
Earnings yield
4.94%
P/S
2.29
Sales / share
₹149.0
Tax rate
25.9%
Face value
₹10
Shares
12.6 cr
Working capital
₹2,456 cr
Current assets
₹5,632 cr
Current liabilities
₹3,176 cr
Delivery %
56.6%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹196₹214, midpoint ₹205

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹470 cr
Other Income₹23 cr
Total Income₹493 cr
Cost of Materials₹301 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-16 cr
Employee Benefit Expense₹47 cr
Finance Costs₹31 cr
Depreciation & Amortisation₹5 cr
Other Expenses₹56 cr
Total Expenses₹424 cr
Profit before Tax₹69 cr
Tax Expense₹18 cr
Share of JV / Associates₹1 cr
Net Profit₹52 cr
Net margin on total income10.6%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹285 cr57.7%
Employee benefit expense₹47 cr9.6%
Finance costs₹31 cr6.2%
Depreciation & amortisation₹5 cr1.1%
Other expenses₹56 cr11.2%
Tax expense₹18 cr3.6%
Profit for the period₹52 cr10.6%
Total income ₹493 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue266 cr1,596 cr470 cr
Total income294 cr1,613 cr493 cr
Expenses282 cr1,553 cr424 cr
Profit before tax12 cr60 cr69 cr
Tax5 cr4 cr18 cr
Net profit (owners' share)3 cr64 cr52 cr
Net margin (owners' share, on revenue)1.3%4.0%11.1%
EPS (₹)0.274.154.21
YoY (latest quarter): total income +1.5% · net profit +247.5%
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹6,723 cr
Shareholder equity
₹2,863 cr
parent shareholders
Total debt
₹1,463 cr
Cash
₹468 cr
Cash flow · H1 FY26
Operating
₹-103 cr
Investing
₹-190 cr
Financing
₹222 cr
Peer comparison
Residential, Commercial Projects · by market value
CompanyPriceMarket capP/E
DLF Limited₹640₹1.58 L cr49.8
Lodha Developers Limited₹1,103₹1.10 L cr20.1
The Phoenix Mills Limited₹1,872₹66,957 cr56.4
Oberoi Realty Limited₹1,741₹63,292 cr29.1
Prestige Estates Projects Limited₹1,440₹62,025 cr65.7
Godrej Properties Limited₹1,678₹50,551 cr36.1
Anant Raj Limited₹597₹21,482 cr35.9
Brigade Enterprises Limited₹621₹20,251 cr25.3
Horizon Industrial Parks Limited₹52₹12,779 cr
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹1.5
ex 23 May 2025
ActionDetailEx-date
Dividend₹1.5 / share23 May 2025
Who owns it · 2026-06-30
No pledge
Promoter
74.6%
FII / Foreign
2.4%
DII / Domestic
16.4%
Retail / others
6.7%
Promoter stake down 12.1% over the last 12 quarters.
Smart-money activity
Bulk / block deals
BoughtPLUTUS WEALTH MANAGEMENT LLP · NSE17.10 L @ ₹555.0324 Nov 22
Stake changes
SoldBoman Rustom Irani · promoter→ 18.06% · 11.44 L16 Oct 25
SoldBoman Rustom Irani · promoter→ 18.04% · 11.44 L16 Oct 25
SoldBoman Rustom Irani · promoter→ 36.13% · 22.88 L16 Oct 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 18 Sep 2025
See the official result
1
To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and the Auditors thereon
Backed by 100% of shareholders other than promotersneeded 50%
1.60 cr votes for, 3,104 against · 0% of mutual funds and other big investors said no
2
To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025, together with the Report of the Auditors thereon
Backed by 100% of shareholders other than promotersneeded 50%
1.60 cr votes for, 3,104 against · 0% of mutual funds and other big investors said no
3
To declare a Final Dividend of Rs. 1.5 per Equity Share of Rs. 10 each for the financial year ended March 31, 2025
Backed by 100% of shareholders other than promotersneeded 50%
1.60 cr votes for, 3,124 against · 0% of mutual funds and other big investors said no
4
To appoint a Director in place of Mr. Chandresh Mehta (DIN: 00057575) who retires by rotation and being eligible, offers himself for re-appointment.
Promoters had a personal stake in this
Backed by 96% of shareholders other than promotersneeded 50%
1.53 cr votes for, 6.13 L against · 4% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 41 named members
owning 74.6% between them · as of 2026-06-30
Boman Rustom Irani36.11%
Percy Chowdhry18.05%
Chandresh Dinesh Mehta18.03%
Dreamz Dwellers Llp2.30%
Viking Trust0.04%
Chandresh Mehta Family Trust0.02%
Percy Chowdhry Family Trust0.02%
Kinjal C Mehta0.01%
Business done with them
FY2025 · 2 of the group
The company paid ₹13 cr to companies in the promoter group last year — about 0.7% of its ₹2,004 cr revenue and received ₹92 L back from them.
Dreamz Dwellers LLP
Contribution made to them · Description is mentioned along with relevant line item
also owns 2.30% of the company
₹13 cr
company paid
Chandresh Mehta Family Trust
Contribution received from them · Description is mentioned along with relevant line item
also owns 0.02% of the company
₹92 L
company received

The company also transacted with 15 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.