Keystone Realtors Limited

BSE: RUSTOMJEE543669ISIN INE263M01029

Consumer Discretionary
Residential, Commercial Projects
BSE 1000

Share price

₹359.90+2.05 (+0.57%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹578.65
52W low: ₹327.75
Off 52W high: -37.80%
1M return: -2.01%
3M return: -7.31%
6M return: -9.78%
1Y return: -35.90%
20D avg volume: 34,442
50 DMA: ₹357.17
200 DMA: ₹400.10

Key ratios Consolidated

Market cap: ₹4,546 Cr
Current price: ₹359.90
52W high / low: ₹578.65 / ₹327.75
Face value: ₹10.00
P/E: 34.71
P/B: 1.50
EPS (TTM): ₹10.37
Book value / share: ₹240.04
ROE: —
ROCE: 5.30%
Operating margin: —
Net margin: —
Debt / equity: 0.51
Net debt: ₹995.22 Cr
Interest cover: 2.36
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 410.6 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	—	470.29	1,596	266.17	499.28	273.12	584.85	464.02	533.07	422.16	811.56	520.69
	—	22.97	17.39	27.78	21.62	15.52	57.35	21.80	23.15	15.04	14.59	12.64
	—	493.26	1,613	293.95	520.90	288.64	642.20	485.82	556.22	437.20	826.15	533.33
	—	424.02	1,553	281.84	503.58	270.73	552.73	437.55	465.09	398.16	781.79	520.94
	—	301.13	875.66	422.54	287.74	300.60	685.11	329.56	316.22	242.80	378.64	329.52
	—	0.00	0.00	0.00	2.00	0.00	0.00	—	—	23.16	5.94	—
	—	47.47	45.59	37.77	39.55	40.39	37.99	32.01	32.07	28.31	32.02	27.87
	—	30.57	32.94	23.26	15.72	7.16	12.71	11.96	10.03	16.78	19.71	7.12
	—	5.36	5.80	3.89	3.99	4.18	5.65	2.66	2.53	2.40	2.60	1.65
	—	55.59	96.64	51.42	62.24	51.09	50.05	57.68	68.00	36.34	65.09	30.67
	—	69.24	60.14	12.11	17.32	17.91	89.47	48.27	91.13	39.04	44.36	12.39
	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	—	69.24	60.14	12.11	17.32	17.91	89.47	48.27	91.13	39.04	44.36	12.39
	—	17.95	3.63	5.40	7.00	-0.48	19.67	14.71	22.82	11.65	11.67	3.75
	—	52.37	63.65	5.08	9.89	16.33	66.95	29.98	65.55	25.65	30.47	29.88
	—	4.21	4.15	0.27	0.68	1.15	5.41	1.20	5.36	2.16	2.69	2.65
Key metrics
	—	105.17	98.88	39.26	37.03	29.25	107.83	62.89	103.69	58.22	66.67	21.16
	—	22.40%	6.20%	14.70%	7.40%	10.70%	18.40%	13.60%	19.50%	13.80%	8.20%	4.10%
	—	11.10%	4.00%	1.90%	2.00%	6.00%	11.40%	6.50%	12.30%	6.10%	3.80%	5.70%
	—	—	2.60%	—	0.90%	—	3.10%	—	—	—	—	—
	—	72.20%	172.90%	-42.60%	-6.30%	-35.30%	-27.90%	-10.90%	—	—	—	—
	—	220.70%	-4.90%	-83.10%	-84.90%	-36.30%	119.70%	0.30%	—	—	—	—

Metric	FY26	FY25	FY24	FY23
Income statement
	2,635	2,004	2,222	685.66
	82.31	117.34	53.38	39.24
	2,717	2,121	2,276	724.90
	2,609	1,854	2,160	622.42
	1,887	1,574	1,063	751.01
	2.00	23.16	5.94	—
	163.30	130.38	97.79	45.56
	79.08	51.48	40.08	35.96
	17.86	13.24	7.31	4.64
	261.39	212.07	151.92	98.55
	107.48	267.91	115.53	102.48
	0.00	0.00	0.00	0.00
	107.48	267.91	115.53	102.48
	15.55	68.85	33.43	28.22
	94.95	188.13	111.03	79.50
	6.25	13.85	9.85	7.67
Key metrics
	204.42	332.63	162.92	143.08
	7.80%	16.60%	7.30%	20.90%
	3.60%	9.40%	5.00%	11.60%
	5.30%	9.70%	—	—
	31.50%	-9.80%	224.10%	—
	-49.50%	69.40%	39.70%	—
	-517.63	-30.69	—	—
	-5.36	-0.06	—	—
	0.51	0.32	—	—
	995.22	266.94	—	—
	410.6	574.1	—	—
Balance sheet
	6,723	6,649	—	—
	5,632	5,646	—	—
	468.21	637.54	—	—
	338.99	83.45	—	—
	3,669	3,861	—	—
	399.72	423.79	—	—
	21.79	48.66	—	—
	1,045	791.62	—	—
	3,176	3,340	—	—
	1,463	904.48	—	—
	1,046	645.79	—	—
	417.22	258.69	—	—
	2,894	2,785	—	—
Cash flow
	-509.05	-11.39	—	—
	-78.77	-64.91	—	—
	418.49	483.90	—	—
	8.58	19.30	—	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	—	88.87	209.67	55.71	334.64	68.43	324.98	34.68	62.99	127.98	113.96	60.30
	—	37.03	38.23	29.56	57.62	53.57	62.02	45.99	53.93	43.18	48.96	34.85
	—	125.90	247.90	85.27	392.26	122.00	387.00	80.67	116.92	171.16	162.92	95.15
	—	116.45	229.30	96.54	362.42	110.05	310.72	78.25	98.53	139.26	133.59	85.09
	—	132.76	182.72	126.50	80.51	130.07	291.53	110.62	159.12	42.90	52.83	100.92
	—	0.00	0.00	0.00	2.00	0.00	0.00	—	—	—	5.94	—
	—	30.56	26.04	24.17	25.31	27.07	26.94	21.41	20.28	19.37	20.09	19.43
	—	12.12	12.30	12.21	6.59	4.72	8.17	9.94	11.67	13.64	17.94	12.43
	—	4.31	4.02	3.41	3.36	3.98	5.06	2.53	2.38	2.30	2.39	1.57
	—	24.89	31.17	27.42	36.39	27.79	39.99	24.40	27.58	17.92	29.34	15.38
	—	9.45	18.60	-11.27	29.84	11.95	76.28	2.42	18.39	31.90	29.33	10.06
	—	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	—	9.45	18.60	-11.27	29.84	11.95	76.28	2.42	18.39	31.90	29.33	10.06
	—	2.85	4.95	-2.60	7.70	-1.65	21.33	0.77	4.79	8.34	5.95	2.72
	—	6.60	13.65	-8.67	22.14	13.60	54.95	1.65	13.60	23.56	23.38	7.34
	—	0.52	1.08	-0.69	1.76	1.08	4.36	0.13	1.11	1.99	2.05	0.64
Key metrics
	—	25.88	34.92	4.35	39.79	20.65	89.51	14.89	32.44	47.84	49.66	24.06
	—	29.10%	16.70%	7.80%	11.90%	30.20%	27.50%	42.90%	51.50%	37.40%	43.60%	39.90%
	—	7.40%	6.50%	-15.60%	6.60%	19.90%	16.90%	4.80%	21.60%	18.40%	20.50%	12.20%
	—	—	1.00%	—	1.20%	—	3.00%	—	—	—	—	—
	—	29.90%	-35.50%	60.60%	431.30%	-46.50%	185.20%	-42.50%	—	—	—	—
	—	-51.50%	-75.20%	-625.50%	62.80%	-42.30%	135.00%	-77.50%	—	—	—	—

Metric	FY26	FY25	FY24	FY23
Income statement
	668.45	550.63	1,010	328.06
	178.98	205.12	138.68	82.83
	847.43	755.75	1,149	410.89
	798.31	627.07	1,004	264.92
	519.80	604.17	334.44	462.12
	2.00	0.00	5.94	—
	102.59	88.00	65.81	21.93
	35.82	43.42	31.64	9.48
	14.77	12.27	6.80	4.31
	122.77	110.20	84.20	47.68
	49.12	128.68	145.22	145.97
	0.00	0.00	—	—
	49.12	128.68	145.22	145.97
	8.40	35.23	33.59	36.74
	40.72	93.45	111.63	109.23
	3.23	7.53	9.80	10.22
Key metrics
	99.71	184.37	183.66	159.76
	14.90%	33.50%	18.20%	48.70%
	6.10%	17.00%	11.00%	33.30%
	2.80%	6.10%	—	—
	21.40%	-45.50%	208.00%	—
	-56.40%	-16.30%	2.20%	—
	-346.68	-192.93	—	—
	-8.51	-1.90	—	—
	0.25	0.14	—	—
	375.37	-77.43	—	—
	544.7	620.8	—	—
Balance sheet
	4,027	3,896	—	—
	3,372	3,307	—	—
	261.49	427.10	—	—
	64.91	21.77	—	—
	1,289	1,290	—	—
	172.08	129.03	—	—
	14.93	41.26	—	—
	355.79	375.67	—	—
	992.67	1,064	—	—
	636.86	349.67	—	—
	302.49	152.16	—	—
	334.37	197.51	—	—
	2,587	2,534	—	—
Cash flow
	-346.68	-177.16	—	—
	-41.30	133.17	—	—
	222.37	336.12	—	—
	0.00	15.77	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +26.78%
Sales CAGR 5Y: —
Profit CAGR 3Y: -28.03%
Profit CAGR 5Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

Consolidated

Sales CAGR 3Y: +56.63%
Sales CAGR 5Y: —
Profit CAGR 3Y: +6.10%
Profit CAGR 5Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 74.54%

Quarter	September 2026	June 2026
Promoter %	74.54%	74.59%

Holder	Type	Holding	Previous	Change
Boman Rustom Irani	Promoter	36.09%	36.11%	-0.02%
Percy Chowdhry	Promoter	18.04%	18.05%	-0.01%
Chandresh Dinesh Mehta	Promoter	18.02%	18.03%	-0.01%
QUANT MUTUAL FUND - QUANT SMALL CAP FUND	Public	4.92%	4.93%	-0.01%
SBI LIFE INSURANCE CO. LTD	Public	2.47%	2.85%	-0.38%
TATA MUTUAL FUND - TATA SMALL CAP FUND	Public	2.39%	2.39%	0.00%
Dreamz Dwellers Llp	Promoter Group	2.29%	2.30%	-0.01%
ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED	Public	1.52%	1.40%	+0.12%
HDFC CAPITAL AFFORDABLE REAL ESTATE FUND-3	Public	1.19%	1.19%	0.00%
ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED	Public	1.17%	1.09%	+0.08%
Viking Trust	Promoter Group	0.04%	0.04%	0.00%
Percy Chowdhry Family Trust	Promoter Group	0.02%	0.02%	0.00%
Chandresh Mehta Family Trust	Promoter Group	0.02%	0.02%	0.00%
Kinjal C Mehta	Promoter Group	0.01%	0.01%	0.00%
Neepa Vikram Shah	Promoter Group	0.01%	0.01%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
DLF LIMITED	1,78,037	719.25	38.98	6.40%	-29.29% TTM	+6.62% TTM	-7.08%
Lodha Developers Limited	1,11,937	1,120.00	25.72	18.00%	+20.85% TTM	+30.60% TTM	-8.38%
The Phoenix Mills Ltd.	74,091	2,071.45	44.28	11.80%	+12.86% TTM	+19.04% TTM	+17.13%
Prestige Estates Projects Limited	67,971	1,578.05	53.72	13.00%	+67.46% TTM	+103.62% TTM	-9.58%
OBEROI REALTY LIMITED	61,938	1,703.45	23.54	16.70%	+16.64% TTM	+17.82% TTM	-4.40%
Godrej Properties Limited	52,394	1,739.35	39.27	12.00%	+49.99% TTM	-13.26% TTM	-24.13%
Brigade Enterprises Limited	17,657	541.20	21.22	9.90%	-4.37% TTM	+2.36% TTM	-29.23%
Anant Raj Limited	16,572	460.50	27.68	10.40%	+12.31% TTM	+21.36% TTM	-28.62%
Horizon Industrial Parks Limited	12,843	44.55	—	—	—	—	—
Sobha Limited	12,687	1,186.45	66.41	7.60%	+9.57% TTM	+28.50% TTM	-26.67%
ADITYA BIRLA REAL ESTATE LIMITED	11,861	1,061.90	16.98	-4.80%	-26.16% TTM	+413.97% TTM	-42.89%
Sri Lotus Developers and Realty Limited	11,331	231.85	37.10	16.70%	—	—	+30.55%
SIGNATUREGLOBAL (INDIA) LIMITED	9,954	707.50	9.54	36.30%	-22.98% TTM	+709.93% TTM	-34.25%
Max Estates Limited	8,424	515.00	695.54	1.20%	+16.57% TTM	-69.99% TTM	+7.89%
EMBASSY DEVELOPMENTS LIMITED	7,222	51.93	-6.80	-2.20%	-54.57% TTM	-514.70% TTM	-43.97%
Mahindra Lifespace Developers Ltd.	6,723	315.00	22.34	-0.90%	+839.32% TTM	+85.98% TTM	-22.90%
GANESH HOUSING LIMITED	5,278	632.95	23.57	17.80%	-29.50% TTM	-57.50% TTM	-24.55%
Kalpataru Limited	4,947	240.25	182.43	2.40%	—	—	-36.32%
Puravankara Limited	4,775	201.35	17.22	35.70%	+119.51% TTM	+194.89% TTM	-24.56%
VALOR ESTATE LIMITED	4,664	85.98	389.58	4.40%	-54.40% TTM	+113.15% TTM	-41.85%
Keystone Realtors Limited	4,546	359.90	34.71	5.30%	—	—	-35.90%
MAN INFRACONSTRUCTION LIMITED	4,331	107.30	19.63	11.80%	-9.75% TTM	-26.33% TTM	-25.90%
Sunteck Realty Ltd	4,306	293.25	19.69	6.70%	+47.87% TTM	+24.77% TTM	-36.07%
Kolte-Patil Developers Ltd	4,167	469.90	29.28	-0.80%	+37.11% TTM	+120.28% TTM	+8.63%
KESAR INDIA LIMITED	3,920	1,205.00	—	16.60%	—	—	+41.76%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

Earning Call Recording4 Nov 2026 · Company Update / Analyst / Investor Meet
ESOP Allotment4 Nov 2026 · Company Update / Allotment of ESOP / ESPS
Press Release for the unaudited financial results (consolidated and standalone) for the quarter and half year ended September 30, 20264 Nov 2026 · Company Update / Press Release / Media Release
Investor Presentation on unaudited financial results (consolidated and standalone) for the quarter and half year ended September 30, 2026.4 Nov 2026 · Company Update / Investor Presentation
Unaudited Financial Results (Consolidated & Standalone) for the quarter and half year ended September 30, 20264 Nov 2026 · Result / Financial Results
The Board of Directors of the Company, at its meeting held today i.e. November 4, 2026, has inter alia approved the Unaudited Financial Results (Consolidated and Standalone) of the Company ....4 Nov 2026 · Board Meeting / Outcome of Board Meeting
With reference to the captioned subject and pursuant to Regulation 30 of the SEBI (LODR) Regulations 2015, we would like to inform you that the Investor/ Analyst conference call / Earnings ....14 Oct 2026 · Company Update / Analyst / Investor Meet
Keystone Realtors Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/11/2026 ,inter alia, to consider and approve In terms of Regulations 29 ....14 Oct 2026 · Board Meeting / Board Meeting
Submission of Compliance Certificate under Regulation 74(5) of (DP) Regulation 20189 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Trading Plan received from Designated Person9 Oct 2026 · Company Update / Trading Plan under SEBI (PIT) Regulations, 2015
Key Operational Updates for H1FY27 & Q2FY278 Oct 2026 · Company Update / General
Closure of Trading Window30 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Allotment of 73,148 Equity Shares of Rs. 10/- each under ESOP29 Sep 2026 · Company Update / Allotment of ESOP / ESPS
Appointment of Statutory Auditor18 Sep 2026 · Company Update / Change in Management
Voting Result of the 31st Annual General Meeting of the Company18 Sep 2026 · AGM/EGM / AGM
Scrutinizer''s Report for the 31st Annual General Meeting of the Company18 Sep 2026 · AGM/EGM / AGM
Summary of Proceedings / Outcome of the 31st Annual General Meeting of the Company18 Sep 2026 · AGM/EGM / AGM
Company has jointly incorporated new LLP viz. One Landmark House LLP9 Sep 2026 · Company Update / Acquisition
Investor Meet on 02.09.202627 Aug 2026 · Company Update / Analyst / Investor Meet
Newspaper publication intimating that the 31st AGM of the Company is scheduled to be held on September 18, 2026 through VC/OAVM27 Aug 2026 · Company Update / Newspaper Publication
Raise the funds by the issuance of fully paid up, senior, secured, redeemable, listed, rated, non-convertible debentures aggregating up to Rs. 405 Crores, on private placement basis26 Aug 2026 · Board Meeting / Outcome of Board Meeting
BRSR for FY 2025 - 2625 Aug 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Annual Report 2025 - 2625 Aug 2026 · Others / Reg. 34 (1) Annual Report
Letter to Shareholders providing web-link for accessing the Annual Report for the Financial Year 2025 - 2625 Aug 2026 · AGM/EGM / AGM
Notice of the 31st AGM of the Company for the Financial Year 2025 - 2625 Aug 2026 · AGM/EGM / AGM
Newspaper publication(s) for intimation to convene 31st AGM of the Company through VC/OAVM25 Aug 2026 · Company Update / Newspaper Publication
Credit Rating by ICRA Limited24 Aug 2026 · Company Update / Credit Rating
Keystone Realtors Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 26/08/2026 ,inter alia, to consider and approve Intimation of Board Meeting ....21 Aug 2026 · Board Meeting / Board Meeting
Allotment of ESOP13 Aug 2026 · Company Update / Allotment of ESOP / ESPS
Intimation of Investor Meet on 13.08.202610 Aug 2026 · Company Update / Analyst / Investor Meet
Earning Call Transcript for Q1FY20277 Aug 2026 · Company Update / Earnings Call Transcript
Newspaper publications for the unaudited financial result for the quarter ended on June 30, 20265 Aug 2026 · Company Update / Newspaper Publication
Newspaper publication for the unaudited financial result (Consolidated & Standalone) for the quarter ended on June 30, 20265 Aug 2026 · Company Update / Newspaper Publication
In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, attaching herewith the audio recording of the Earning Conference Call on unaudited ....4 Aug 2026 · Company Update / Analyst / Investor Meet
Press Release for the unaudited financial result (consolidated and standalone) for the quarter ended June 30, 20264 Aug 2026 · Company Update / Press Release / Media Release
Investor Presentation for unaudited financial result (consolidated and standalone) for the quarter ended on June 30, 20264 Aug 2026 · Company Update / Investor Presentation
Unaudited Financial results (Consolidated and Standalone) of the Company for the quarter ended on June 30, 20264 Aug 2026 · Result / Financial Results
The Board of Directors of the Company, at its meeting held today i.e. August 4, 2026, has inter alia approved the Unaudited Financial Results (Consolidated and Standalone) of the Company ....4 Aug 2026 · Board Meeting / Outcome of Board Meeting
Revision in the Schedule of Earning Concall of Q1FY2027 with Analysts and Investors3 Aug 2026 · Company Update / Analyst / Investor Meet
Withdrawal of earlier affirmed Credit Rating ''INDA+/Positive'' issued by India Ratings and Research Pvt Ltd for bank loan22 Jul 2026 · Company Update / Credit Rating

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 1.5000	23 May 2025	23 May 2025	—

Board meetings

4 Nov 2026 Board Meeting - Financial Results
4 Aug 2026 Board Meeting - Financial Results