On 6 Nov 2026, RAP Corp was priced at ₹32.90, or 0.4× trailing earnings, against an industry P/E of 13.8×, and the shares are 31% below their 52-week high. It earns ROCE of 69%, though net profit is above operating profit, which points to a one-off gain. It carries very little debt. It is a small-cap company with a market cap of ₹19 Cr, ranked 14th of 14 Real Estate (Diversified) companies by market cap; the shares fell 34% over the past year.
- ₹30.72
- ₹32.90
- ₹30.60
- ₹30.57
- 795
Health check
- ReturnsBehind
−33.5% over a year, better than 2 of 7 peers.
- Price tagDistorted
A one-off gain inflates profit, so P/E isn’t comparable right now.
- Growthn/a
Not enough yearly results to measure.
- ProfitabilityStrong
ROCE 68.7% vs peer median 8.8%.
- Balance sheetSolid
Practically debt-free, Piotroski 6 of 9.
- Red flags2 to check
Net profit is above operating profit, so a one-off gain is likely flattering earnings.
Small cap
Defensive
Key metrics
- Market cap
- ₹19 Cr
- Small cap
- P/E
- 0.4
- Industry 13.8
- Price to book
- 0.35
- Peers 1.80
- Dividend yield
- 0.00%
- ROE
- 159.8%
- Peers 5.0%
- ROCE
- 68.7%
- Peers 8.8%
- Debt to equity
- 0.00
- Debt ₹0.03 Cr
- EPS (TTM)
- ₹74.27
- OPM (TTM)
- −88.7%
- Net margin 65.3%
- Sales growth
- n/a
- Year-ago quarter not reported
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 0.29
- EV/EBITDA 0.5
Strengths and risks
Strengths
- Return on equity of 159.8%.
- Return on capital employed of 68.7%.
- Practically debt-free.
Risks to check
- Net profit is above operating profit, so a one-off gain is likely flattering earnings.
- 31% below its 52-week high.
About RAP Corp
RAP Corp Limited engages in ownership, development, management, and leasing of real estate assets in India. It constructs malls and multiplexes. The company is also involved in the sale/purchase land, building, properties, office. etc. RAP Corp Limited was incorporated in 1994 and is based in Mumbai, India.
- Headquarters
- Mumbai
- Employees
- 16
- Sector
- Real Estate
- ISIN
- INE483D01014
- Website
- rapcorpltd.co.in
Price range
- Avg volume (3M)
- 3K
- 1-year return
- minus 33.5%
- From 52-week high
- minus 31.4%
Peers · Real Estate - Diversified
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| PHOENIXLTDPhoenix Mills | 2,154.90 | plus 1.36% | 77,079 | 59.0 | 30.4 | 11.8% | 60.2% | 0.54 | 18.4% | plus 20.3% |
| PRESTIGEPrestige Estates Projects | 1,629.00 | minus 0.85% | 70,166 | 75.2 | 22.7 | 12.5% | 28.2% | 1.05 | 15.2% | minus 5.9% |
| EMBDLEmbassy Developments | 51.71 | minus 2.29% | 7,359 | – | – | −2.5% | −38.2% | 0.53 | 66.4% | minus 42.9% |
| HEMIPROPHemisphere Properties India | 109.58 | minus 1.81% | 3,124 | – | – | −1.1% | −960.1% | 0.20 | −20.9% | minus 19.0% |
| UNITECHUnitech | 3.87 | minus 1.02% | 1,013 | – | – | – | 2.0% | – | 8.5% | minus 44.3% |
| PROZONERProzone Realty | 53.73 | minus 1.16% | 820 | 244.2 | 17.3 | 5.7% | 30.7% | 1.35 | 4.1% | minus 19.0% |
| VEEGALANDVeegaland Developers | 137.58 | minus 0.30% | 671 | 20.3 | 19.0 | 14.0% | 17.2% | 0.32 | 32.1% | minus 6.0% |
| RAPRAP Corp | 32.90 | plus 7.62% | 19 | 0.4 | 0.4 | 68.7% | −88.7% | 0.00 | – | minus 33.5% |
| Median of 7 peers | – | −1.02% | 3,124 | 67.1 | 20.8 | 8.8% | 17.2% | 0.54 | 15.2% | −19.0% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| – | 62.1 | – | – | – | |
| – | 19.1 | – | – | – | |
| −0.3 | 43 | −0.8 | −0.2 | −0.4 | |
| – | 69.3% | – | – | – | |
| 0 | 0 | 0.8 | 0.8 | 0.5 | |
| 0.1 | 0 | 0 | – | – | |
| – | 0 | 0 | 0 | 0 | |
| −0.4 | 43 | 0 | 0.6 | 0.1 | |
| – | – | – | −10.1% | – | |
| −0.4 | 43 | −0 | 0.6 | 0.1 | |
| -0.72 | 73.12 | -0.02 | 1.07 | 0.10 |
Profit & loss
- ROE
- 159.8%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| – | – | – | 67.8 | |
| – | – | – | 25.5 | |
| −0.5 | −0.7 | −1.1 | 42.4 | |
| – | – | – | 62.4% | |
| 0 | 0 | 0 | 1.6 | |
| 0 | 0 | 0 | 0 | |
| 0.3 | 0.3 | 0.3 | 0.2 | |
| −0 | −0.1 | 0.3 | – | |
| −0.8 | −1.1 | −1 | 43.8 | |
| −9.9% | 25.6% | 33.9% | −0.1% | |
| −0.8 | −0.8 | −0.7 | 43.8 | |
| -1.42 | -1.34 | -1.18 | 74.55 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 5.9 | 5.9 | 5.9 | 5.9 | |
| 3 | 2.2 | 0 | 43.1 | |
| 2.4 | 3.4 | 43.1 | 13 | |
| 1.5 | 0.7 | 5.9 | 5.7 | |
| 12.7 | 12.2 | 54.8 | 67.7 | |
| 11 | 10.8 | 4.6 | 4.5 | |
| 3.6 | 3.6 | 2.6 | 2.6 | |
| 0 | 0.4 | 7.5 | 15.5 | |
| −1.9 | −2.5 | 40.1 | 45.1 | |
| 12.7 | 12.2 | 54.8 | 67.7 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1.7 | −1.1 | −8.9 | 7.7 | |
| −2.6 | 0 | −1.2 | −6.8 | |
| 0.8 | 1.1 | −3.4 | −0.1 | |
| 0 | −0 | −13.5 | 0.8 | |
| −2.6 | – | −0 | −0 | |
| −0.8 | −1.1 | −8.9 | 7.7 |
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
No recent news coverage found.