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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Keystone Realtors Limited is an India-based real estate developer company, which operates under the brand Rustomjee. The Company is primarily engaged in the business of real estate construction, development, and other related activities. It provides various residential…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A middling, slow-growing business, reasonably priced — but flagged on governance.
Keystone Realtors is scored on the general / industrial framework. It keeps a thin 3.5% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT -5.36×) — worth a closer look. Free cash flow is worth about -13.4% of its market value.
Over the last 3 years revenue compounded at 55%/yr and profit at 6%/yr. Book value itself has compounded 20%/yr — the hallmark of a genuine compounder. Return on equity is a weak 6.9%. In the latest quarter profit fell 18% versus the prior quarter.
At 55× earnings, the stock sits at the 34th percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price implies ~9%/yr earnings growth for a decade. The forensic screen raises 3 red flags: Only ₹-0.07 of cash per ₹1 profit over 4 years — earnings not converting to cash; 74% of pre-tax profit is other income, not operations; Share count up 47% over 4 years — heavy equity dilution.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 19.72 | 39.49 | better |
| P/B | 1.44 | 5.74 | better |
| EV/EBITDA | 13.44 | — | — |
| ROE | 6.89 | 6.31 | better |
| ROCE | 7.85 | 4.01 | better |
| ROA | 3.17 | 1.24 | better |
| Quick Ratio | 0.62 | — | — |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| DLF | 40.7 | 4.1 | 10.0% |
| Macrotech Developers | 27.3 | 4.8 | 17.2% |
| The Phoenix Mills | 45.8 | 8.4 | 14.3% |
55% CAGR over 3 years — high-growth territory. Growth is accelerating — latest year outpaced the prior year's rate.
Profit is on a 2-year growth streak. Revenue is outpacing profit (55% vs 6%) — costs are rising faster than the top line. The latest year saw a -50% swing — check if it's a one-off or structural.
Operating margin has compressed from 15% to 4% — costs or competition are eating into profitability. Interest or tax burden is shrinking — more of the operating profit is reaching the bottom line.
ROE at 3% — modest; the capital isn't working hard. Low variance across years — a predictable business that earns steadily on its equity base.
EPS dropped in the latest year despite possible profit changes — dilution or a profit dip could be at play. Profit grew faster than EPS (6% vs -7%) — share dilution is eroding per-share value. -7% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
2 of 4 years had negative operating cash flow — profitability on paper may not translate to cash.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue fell 69% QoQ — could be seasonality or a genuine slowdown. Wide quarterly swings (82% spread) — likely seasonality, lumpy orders, or project-based revenue. Run-rate stepping up — recent quarters average 159% above earlier ones.
Profit fell 18% QoQ — one-quarter drops can be noise, but a pattern matters. Quarterly net margins are expanding (2% → 11%) — profitability per rupee of revenue is improving.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters hold 74.5% — heavily owner-operated with strong skin in the game.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.