On 6 Nov 2026, Rainbow Foundations was priced at ₹31.39, or 16.3× trailing earnings, against an industry P/E of 21.3×, and the shares are 57% below their 52-week high. Its ROCE of 21% is the second-highest among the 7 largest Real Estate Services peers, and sales and net profit grew 61% and 74% a year over 3 years. Debt is 5.59× equity. It is a small-cap company with a market cap of ₹156 Cr, ranked 23rd of 64 Real Estate Services companies by market cap; the shares fell 56% over the past year.
- ₹31.40
- ₹31.40
- ₹31.39
- ₹31.48
- 48
Health check
- ReturnsBehind
−55.6% over a year, better than 0 of 7 peers.
- Price tagCheaper
P/E 16.3 vs industry 21.3.
- GrowthStrong
Sales +60.6%, profit +74.0% a year over 3 years.
- ProfitabilityStrong
ROCE 20.8% vs peer median 7.6%.
- Balance sheetStretched
Debt 5.59× equity, interest covered 1.3×, Piotroski 4 of 9.
- Red flags3 to check
Debt is 5.59× equity.
Small cap
Moves with the market
Key metrics
- Market cap
- ₹156 Cr
- Small cap
- P/E
- 16.3
- Industry 21.3
- Price to book
- 1.78
- Peers 7.92
- Dividend yield
- 0.00%
- ROE
- 8.5%
- Peers 10.5%
- ROCE
- 20.8%
- Peers 7.6%
- Debt to equity
- 5.59
- Debt ₹488 Cr
- EPS (TTM)
- ₹1.93
- OPM (TTM)
- 24.4%
- Net margin 4.7%
- Sales growth
- +68.8%
- Latest quarter vs a year ago
- Profit growth
- +153.2%
- Latest quarter vs a year ago
- Price to sales
- 0.77
- EV/EBITDA 12.9
Strengths and risks
Strengths
- Return on capital employed of 20.8%.
- Quarterly profit up 153.2% on a year ago.
- Quarterly sales up 68.8% on a year ago.
Risks to check
- Debt is 5.59× equity.
- 57% below its 52-week high.
- Interest coverage of only 1.3×.
About Rainbow Foundations
Rainbow Foundations Limited develops real estate properties in India. It engages in the construction of residential flats, commercial complexes, and resorts, as well as develops and markets plots and parcels of land. The company was incorporated in 1994 and is based in Chennai, India.
- Headquarters
- Chennai
- Employees
- 10
- Sector
- Real Estate
- ISIN
- INE230F01014
- Website
- rainbowfoundations.in
Price range
- Avg volume (3M)
- 5.5K
- 1-year return
- minus 55.6%
- From 52-week high
- minus 57.0%
Peers · Real Estate Services
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ABRELAditya Birla Real Estate | 1,068.40 | minus 1.99% | 11,853 | – | – | −5.2% | −3.6% | 0.79 | −52.6% | minus 41.3% |
| WEWORKWeWork India Management | 681.65 | plus 1.04% | 9,466 | 95.7 | 9.4 | 12.3% | 64.2% | 16.44 | – | plus 6.7% |
| SMARTWORKSSmartworks Coworking Spaces | 515.85 | plus 4.91% | 5,900 | 52.4 | 9.2 | 7.4% | 65.3% | 10.29 | 36.2% | minus 18.9% |
| NIRLONNirlon | 635.00 | minus 0.57% | 5,722 | 20.4 | 12.6 | 23.3% | 77.4% | 2.42 | 5.4% | plus 17.1% |
| INDIQUBEIndiqube Spaces | 184.32 | plus 2.39% | 3,908 | – | 9.9 | 5.5% | 60.8% | 10.12 | 35.8% | minus 15.3% |
| ELPROINTLElpro International | 169.55 | plus 0.26% | 2,874 | 22.3 | 50.5 | 7.6% | 36.2% | 0.60 | 58.2% | plus 60.5% |
| EFCILEFC (I) | 165.12 | plus 0.22% | 2,443 | 8.3 | 8.1 | 16.0% | 44.5% | 1.73 | 115.7% | minus 43.6% |
| RAINBOWFRainbow Foundations | 31.39 | minus 0.29% | 156 | 16.3 | 16.8 | 20.8% | 24.4% | 5.59 | 60.6% | minus 55.6% |
| Median of 7 peers | – | 0.26% | 5,722 | 22.3 | 9.6 | 7.6% | 60.8% | 2.42 | 36.0% | −15.3% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 50.3 | 34.8 | 38.4 | 43.3 | 85 | |
| 39.2 | 25.3 | 27.5 | 27.2 | 72.1 | |
| 11.1 | 9.5 | 10.8 | 16 | 12.8 | |
| 22.1% | 27.4% | 28.2% | 37.1% | 15.1% | |
| 0.2 | 0.2 | 0.2 | 0.3 | 0.5 | |
| 9.4 | 8.1 | 9 | 10.8 | 8.3 | |
| 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | |
| – | – | −0.7 | −0 | −0 | |
| 1.9 | 1.6 | 1.2 | 5.5 | 5 | |
| 20.2% | 27.8% | 40.9% | 29.3% | 24.3% | |
| 1.5 | 1.1 | 0.7 | 3.9 | 3.8 | |
| 0.30 | 0.23 | 0.15 | 0.79 | 0.76 |
Profit & loss
- Sales CAGR 3Y
- +60.6%
- Profit CAGR 3Y
- +74.0%
- EPS CAGR 3Y
- +70.2%
- ROE
- 8.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 40.2 | 93.5 | 156 | 167 | |
| – | +132.3% | +67.0% | +6.8% | |
| 30 | 69.8 | 117 | 119 | |
| 10.2 | 23.7 | 39.5 | 47.6 | |
| 25.3% | 25.4% | 25.3% | 28.5% | |
| 5.1 | 3.5 | 0.9 | 0.8 | |
| 13.3 | 22.1 | 29 | 37.2 | |
| 0.1 | 0.5 | 0.4 | 0.3 | |
| −0.1 | −0.2 | 0 | −0.7 | |
| 1.8 | 4.3 | 11 | 10.2 | |
| 26.6% | 25.7% | 27.4% | 30.1% | |
| 1.4 | 3.2 | 8 | 7.1 | |
| – | +136.4% | +150.9% | minus 11.2% | |
| 0.29 | 0.64 | 1.61 | 1.43 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 49.6 | 49.6 | 49.6 | 49.6 | |
| 19.4 | 22.6 | 30.6 | 37.7 | |
| 383 | 471 | 583 | 652 | |
| 78.9 | 72.9 | 75.1 | 101 | |
| 531 | 616 | 739 | 841 | |
| 1.3 | 2.1 | 1.7 | 1.6 | |
| 4.2 | 5.6 | 6 | 6.7 | |
| 8.9 | 2.8 | 6 | 7.1 | |
| 516 | 606 | 725 | 825 | |
| 531 | 616 | 739 | 841 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −112 | −158 | −80.5 | −23.9 | |
| −10.2 | 84.3 | −2.2 | −6.5 | |
| 130 | 66.6 | 83.4 | 31.6 | |
| 8.1 | −7.4 | 0.7 | 1.2 | |
| −0 | −1.4 | −0 | −0.2 | |
| −112 | −160 | −80.5 | −24.2 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
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