NSE: RUSTOMJEE · BSE: 543669 · ISIN INE263M01029
Keystone Realtors Limited stock analysis
Keystone Realtors Limited ranks #2434 in the TickerSutra evidence-ranked universe with a score of 46/100 and 89% data confidence. The latest captured fundamentals show ROCE of 4.7%, quarterly sales growth of 72.2% and quarterly profit growth of 266.2%.Avoid / exit review
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- 56.6% three-year sales CAGR
- No promoter shares are reported as pledged
Risks and constraints
- Debt/equity is above 0.5×
- CFO/EBITDA is below 0.6×
- Extreme base-effect growth requires manual validation
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹1,269cr | ₹178cr | ₹136cr | 14.0% |
| 2023 | ₹686cr | ₹104cr | ₹80cr | 15.0% |
| 2024 | ₹2,222cr | ₹110cr | ₹111cr | 4.9% |
| 2025 | ₹2,004cr | ₹204cr | ₹188cr | 10.0% |
| 2026 | ₹2,635cr | ₹122cr | ₹95cr | 4.6% |
| TTM | ₹2,832cr | ₹189cr | ₹131cr | 7.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Keystone Realtors Limited has informed the Exchange regarding Allotment of 73148 Shares.
RoutineAlteration Of Capital and Fund Raising-XBRLNSE · 29 Sept 2026 · Structured filingKEYSTONE REALTORS LIMITED has informed the Exchange regarding Allotment of Securities
KEYSTONE REALTORS LIMITED has informed the Exchange regarding Allotment of Securities
Open original XBRL sourceAppointment of Statutory Auditor
RoutineShareholders meetingNSE · 19 Sept 2026Keystone Realtors Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 18, 2026. Further, the company has informed the Exchange regarding voting results.
RoutineKeystone Realtors Ltd - 543669 - Voting Results Under Regulation 44(3) Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('Listing Regulations') Of The 31St Annual General Meeting ('AGM')BSE · 19 Sept 2026Voting Result of the 31st Annual General Meeting of the Company
MANAGEMENT COMMENTARY
Signals from filed documents
EBITDA grew at INR 105.1 crores from INR 30 crores in Q1 FY26, an increase of 259% year-on-year. EBITDA margins expanded to 21.3% from 10.1% in Q1 FY26. PAT grew to INR 52.4 crores from INR 16.3 crores in Q1 FY26.
NCR led with a 19% year-on-year increase, followed by Hyderabad at 13% and Bengaluru at 12%, while Mumbai recorded a measured 7% increase. Developers in many cities executed multiple rounds of price increases in new phases, responding to sustained end-user demand and a reduction in ready inventory. Market health remained robust despite the sustained price increases.
Reduced 57% of scope 2 emissions as compared to FY2024-2025 by switching over to Green Tariff. ISO14001:2015 Implementation and certification to ISO 14001:2015 international standard including all our brownfield and green field projects that are ongoing and upcoming Achieved certification to ISO 14001:2015 international standard including all our brownfield and green field projects that are ongoing and upcoming 5. Do
Negative implications 147Strategic Review Statutory report Financial Statements S. No Material issue identified Indicate whether risk or opportunity (R/O) Rationale for identifying the risk/ opportunity In case of risk, approach to adapt or mitigate Financial implications of the risk or opportunity (Indicate positive or negative implications) 2 Regulatory Compliance Risk Failure to comply with regulatory requirements
Converting the strength of the Rustomjee brand into rapid sales velocity. Managing regulatory approvals and stakeholder coordination across the development cycle. Serving customers after handover through the CREST platform.
The facility of participation at the AGM through VC/OAVM will be made available for 1,000 Members on first-come-first-served basis. This will not include large Shareholders (Members holding 2% or more shareholding), Promoters, Institutional Investors, Directors, Key Managerial Personnel, Chairpersons of the Audit/Stakeholders’ Relationship Committees, Auditors, etc., who are allowed to attend the AGM without restrict
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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