Ratnabhumi Developers
- Market cap
- ₹ 233 Cr.
- P/E
- 189.3x
- P/B
- 5.29x
- 52-week range
- 166.25 – 318
- ROE
- 7%
- ROCE
- 11%
- Dividend yield
- 0%
- Debt / equity
- 2.74
- Sector
- Realty
- Industry
- Residential, Commercial Projects
- Listed on
- BSE
About
Ratnabhumi Developers Limited is an India-based real estate company. The Company is primarily engaged in land acquisition, authority liasoning, 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. The Company has three projects under the brand Turquoise: Turquoise Greenz, situated at Shela, Gujarat; Turquoise Dreamz near Sindhubhavan Extension, Ahmedabad; and Turquoise Grandeur, situated at Godhavi. The Company's commercial projects include Turquoise 4, Turquoise 3, Turquoise 2, Artemus 2, Avion, Ratna Biz Park, Ratna High Street, Ratna Business Square, RE11. The Company's completed residential projects are Turquoise BLU and Ratna Paradise.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Residential, Commercial Projects: 174 companies →Ratnabhumi Developers against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)189.3 against a typical 23.3: pricier than most peers (1st = cheapest).151st of 173
- Sales growth−52.3% against a typical +6.6% from a year earlier.111th of 134
- Profit growth−96.5% against a typical +2.9% from a year earlier.92nd of 108
- Share price, 3 months−7.3% against a typical −9.9%.64th of 147
- Size₹ 232.9 Cr. market value against a typical ₹ 129.6 Cr. (1st = largest).67th of 163
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0 | 0 | 0 | 52 | 80 | 47 | 35 | 29 | 10 | 8 | 15 | 14 |
| Expenses | −3 | −4 | −5 | 46 | 76 | 43 | 29 | 23 | 6 | 4 | 11 | 7 |
| Operating Profit | 4 | 4 | 5 | 6 | 5 | 4 | 6 | 6 | 5 | 4 | 4 | 7 |
| OPM % | 1,618.2% | 1,745.8% | 4,316.7% | 11% | 5.8% | 7.7% | 17.5% | 19.9% | 45.3% | 53.7% | 24% | 49.8% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Interest | 3 | 4 | 5 | 5 | 4 | 3 | 3 | 3 | 4 | 3 | 3 | 7 |
| Depreciation | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | −0 | 0 | 1 | 1 | 1 | 3 | 3 | 0 | 1 | 0 | 0 |
| Tax % | −25% | 0% | −900% | 20.3% | 36.8% | 14.8% | 24.3% | 24.7% | 27.3% | 30.7% | 25.6% | 31.6% |
| Net Profit | 0 | 0 | 0 | 2 | 1 | 1 | 3 | 2 | 0 | 1 | 0 | 0 |
| EPS in Rs | 0.04 | 0.01 | 0.13 | 1.46 | 0.38 | 0.43 | 1.92 | 1.46 | 0.18 | 0.45 | 0.2 | 0.07 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- 72%
- 3 Years
- —
- TTM
- −76%
- 10 Years
- —
- 5 Years
- 31%
- 3 Years
- 139%
- TTM
- −79%
- 10 Years
- —
- 5 Years
- 21%
- 3 Years
- 18%
- TTM
- —
- 10 Years
- —
- 5 Years
- 5%
- 3 Years
- 8%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Ratnabhumi Developers | ₹ 170.00 | ₹ 233 Cr. | 189.3x | 5.3x | 7% | — |
| Prestige Estates Projects | ₹ 1,400.00 | ₹ 60,302 Cr. | 53.3x | 3.9x | — | 9.7% |
| Embassy Office Parks REIT | ₹ 422.00 | ₹ 40,001 Cr. | 53.2x | 2x | — | 20.4% |
| Nexus Select Trust | ₹ 158.12 | ₹ 23,955 Cr. | 62.1x | 1.9x | — | 16.7% |
| Max Estates | ₹ 480.00 | ₹ 7,887 Cr. | 756.6x | 4x | — | 6.1% |
| WeWork India Management | ₹ 630.90 | ₹ 8,782 Cr. | 128x | 30.5x | — | 3.2% |
Management
- Kaivan Jitendrakumar Shah
- Chairman of the Board, Managing Director
- Rinni Shah
- Chief Financial Officer, Whole-time Director
- Aishwarya Ganesh
- Compliance Officer, Company Secretary
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