Ratnabhumi Developers (BSE: RATNABHUMI) had a P/E of 191.0× on 5 Nov 2026, and the shares are 47% below their 52-week high. Net profit grew 138% a year over 3 years, with ROCE of 11% and ROE of 7.4%. Debt is 2.74× equity. It is a small-cap company with a market cap of ₹233 Cr; the shares fell 28% over the past year.
- ₹170.00
- ₹170.00
- ₹170.00
- ₹170.00
- 20
Health check
- ReturnsWeak
−27.9% over the past year.
- Price tagNo peers
P/E 191.0, with no peers to compare.
- GrowthStrong
Sales +568.0%, profit +137.7% a year over 3 years.
- ProfitabilityAverage
ROCE 10.6%.
- Balance sheetStretched
Debt 2.74× equity, interest covered 1.4×.
- Red flags5 to check
Return on equity is low at 7.4%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹233 Cr
- Small cap
- P/E
- 191.0
- Price to book
- 5.29
- Book value ₹32.13
- Dividend yield
- 0.00%
- ROE
- 7.4%
- Return on equity
- ROCE
- 10.6%
- Return on capital employed
- Debt to equity
- 2.74
- Debt ₹120 Cr
- EPS (TTM)
- ₹0.89
- OPM (TTM)
- 41.2%
- Net margin 2.6%
- Sales growth
- −52.3%
- Latest quarter vs a year ago
- Profit growth
- −96.6%
- Latest quarter vs a year ago
- Price to sales
- 5.00
- EV/EBITDA 17.1
Strengths and risks
Risks to check
- Return on equity is low at 7.4%.
- Debt is 2.74× equity.
- Quarterly profit down 96.6% on a year ago.
- Quarterly sales down 52.3% on a year ago.
- 47% below its 52-week high.
About Ratnabhumi Developers
Ratnabhumi Developers Limited engages in the construction and development of real estate properties in India. The company develops residential and commercial projects under the Turquoise brand. Ratnabhumi Developers Limited was incorporated in 2006 and is based in Ahmedabad, India.
- Headquarters
- Ahmedabad
- Employees
- 15
- Sector
- Real Estate
- ISIN
- INE821Y01011
- Website
- ratnacorp.com
Price range
- Avg volume (3M)
- 4
- 1-year return
- minus 27.9%
- From 52-week high
- minus 46.5%
Peers
We couldn’t find listed peers for this company.
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 28.5 | 10.1 | 7.9 | 14.9 | 13.6 | |
| 22.8 | 5.5 | 3.7 | 11.3 | 6.8 | |
| 5.7 | 4.6 | 4.2 | 3.6 | 6.8 | |
| 19.9% | 45.3% | 53.6% | 24.0% | 49.7% | |
| −0 | 0.3 | 0.3 | 0.2 | 0.9 | |
| 2.9 | 4.5 | 3.4 | 3.2 | 7.3 | |
| 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | |
| 2.6 | 0.2 | 0.9 | 0.4 | 0.2 | |
| 24.6% | 27.1% | 30.2% | 26.5% | 28.6% | |
| 2 | 0.2 | 0.6 | 0.3 | 0.1 | |
| 1.46 | 0.18 | 0.45 | 0.21 | 0.05 |
Profit & loss
- Sales CAGR 3Y
- +568.0%
- Profit CAGR 3Y
- +137.7%
- EPS CAGR 3Y
- +137.9%
- ROE
- 7.4%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.2 | 0.2 | 212 | 59.3 | |
| – | +11.1% | +95817.1% | minus 72.0% | |
| −6.7 | −15.4 | 192 | 42.4 | |
| 6.9 | 15.6 | 19.9 | 16.9 | |
| 3495.5% | 7059.6% | 9.4% | 28.5% | |
| 0 | 0.2 | 1.2 | −0.1 | |
| 7 | 15 | 14.6 | 12.1 | |
| 0.1 | 0.8 | 1 | 0.8 | |
| 0 | −0 | −0.1 | 0.2 | |
| −0.2 | −0 | 5.3 | 4.1 | |
| 3.0% | 201.6% | 24.5% | 26.2% | |
| 0.2 | 0.3 | 5.7 | 3.1 | |
| – | +13.2% | +2065.1% | minus 45.2% | |
| 0.17 | 0.19 | 4.18 | 2.29 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 13.7 | 13.7 | 13.7 | 13.7 | |
| 21.3 | 21.4 | 27.2 | 30.3 | |
| 109 | 194 | 120 | 120 | |
| 75.9 | 117 | 41.9 | 29.9 | |
| 220 | 345 | 203 | 194 | |
| 2.6 | 6.1 | 5.2 | 4.3 | |
| 2.3 | – | – | – | |
| 3 | – | 0.1 | 0.4 | |
| 0.2 | 1.1 | 1.8 | 4.3 | |
| 212 | 338 | 196 | 185 | |
| 220 | 345 | 203 | 194 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −59.6 | −49.1 | 89.8 | 12.3 | |
| −5.2 | −15.7 | −0.6 | 3.7 | |
| 60.4 | 65.6 | −88.5 | −13.5 | |
| −4.4 | 0.9 | 0.6 | 2.4 | |
| −2.6 | −1.5 | −0 | −13.4 | |
| −62.2 | −50.5 | 89.8 | −1.1 |
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.