Keystone Realtors Limited
Keystone Realtors Limited engages in the real estate construction, development, and other related activities in India. It develops residential buildings, integrated townships, gated communities, standalone landmarks, retail spaces, commercial projects, and social infrastructure, such as schools, clubhouses, and parks within townships. The company was incorporated in 1995 and is based in Mumbai, I… Read more
Keystone Realtors Limited (RUSTOMJEE) - Net Assets
Latest net assets as of September 2025: ₹28.11 Billion INR
Based on the latest financial reports, Keystone Realtors Limited (RUSTOMJEE) has net assets worth ₹28.11 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹69.99 Billion) and total liabilities (₹41.88 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹28.11 Billion |
| % of Total Assets | 40.16% |
| Annual Growth Rate | 57.85% |
| 5-Year Change | 238.0% |
| 10-Year Change | N/A |
| Growth Volatility | 61.47 |
Keystone Realtors Limited - Net Assets Trend (2019–2025)
This chart illustrates how Keystone Realtors Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Keystone Realtors Limited (2019–2025)
The table below shows the annual net assets of Keystone Realtors Limited from 2019 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹27.85 Billion | +55.20% |
| 2024-03-31 | ₹17.94 Billion | +6.37% |
| 2023-03-31 | ₹16.87 Billion | +75.13% |
| 2022-03-31 | ₹9.63 Billion | +16.91% |
| 2021-03-31 | ₹8.24 Billion | +194.10% |
| 2020-03-31 | ₹2.80 Billion | +55.70% |
| 2019-03-31 | ₹1.80 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Keystone Realtors Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 889312000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹7.89 Billion | 28.46% |
| Common Stock | ₹1.26 Billion | 4.55% |
| Other Comprehensive Income | ₹26.46 Billion | 95.45% |
| Total Equity | ₹27.72 Billion | 100.00% |
Keystone Realtors Limited Competitors by Market Cap
The table below lists competitors of Keystone Realtors Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Melar Acquisition Corp. I Unit
NASDAQ:MACIU
|
$140.59 Million |
|
Unison Co. Ltd
KQ:018000
|
$140.66 Million |
|
TSC Auto ID Technology Co Ltd
TWO:3611
|
$140.68 Million |
|
Jiangsu Lidao New Material Co Ltd Class A
SHG:603937
|
$140.68 Million |
|
Ecora Resources PLC
OTCQX:ECRAF
|
$140.56 Million |
|
Altamir SCA
PA:LTA
|
$140.55 Million |
|
Canada Nickel Company Inc
OTCQX:CNIKF
|
$140.53 Million |
|
Shanghai Yaohua Pilkington Glass Group Co Ltd B
SHG:900918
|
$140.49 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Keystone Realtors Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 17,977,600,000 to 27,719,900,000, a change of 9,742,300,000 (54.2%).
- Net income of 1,719,600,000 contributed positively to equity growth.
- Share repurchases of 8,008,100,000 reduced equity.
- New share issuances of 8,008,100,000 increased equity.
- Other comprehensive income increased equity by 23,866,600,000.
- Other factors decreased equity by 15,843,900,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹1.72 Billion | +6.2% |
| Share Repurchases | ₹8.01 Billion | -28.89% |
| Share Issuances | ₹8.01 Billion | +28.89% |
| Other Comprehensive Income | ₹23.87 Billion | +86.1% |
| Other Changes | ₹-15.84 Billion | -57.16% |
| Total Change | ₹- | 54.19% |
Book Value vs Market Value Analysis
This analysis compares Keystone Realtors Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.73x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 9.81x to 1.73x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-03-31 | ₹39.01 | ₹382.80 | x |
| 2020-03-31 | ₹41.27 | ₹382.80 | x |
| 2021-03-31 | ₹77.36 | ₹382.80 | x |
| 2022-03-31 | ₹90.09 | ₹382.80 | x |
| 2023-03-31 | ₹156.22 | ₹382.80 | x |
| 2024-03-31 | ₹157.33 | ₹382.80 | x |
| 2025-03-31 | ₹221.00 | ₹382.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Keystone Realtors Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.20%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.58%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 2.40x
- Recent ROE (6.20%) is below the historical average (14.49%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 25.18% | 4.80% | 0.51x | 10.33x | ₹613.04 Million |
| 2020 | 5.14% | 1.84% | 0.27x | 10.33x | ₹-207.53 Million |
| 2021 | 38.77% | 36.58% | 0.23x | 4.56x | ₹2.30 Billion |
| 2022 | 14.97% | 11.00% | 0.33x | 4.16x | ₹463.56 Million |
| 2023 | 4.91% | 11.95% | 0.15x | 2.70x | ₹-849.91 Million |
| 2024 | 6.24% | 5.05% | 0.37x | 3.32x | ₹-675.66 Million |
| 2025 | 6.20% | 8.58% | 0.30x | 2.40x | ₹-1.05 Billion |
Industry Comparison
This section compares Keystone Realtors Limited's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $3,404,866,418
- Average return on equity (ROE) among peers: 18.89%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Keystone Realtors Limited (RUSTOMJEE) | ₹28.11 Billion | 25.18% | 1.49x | $140.59 Million |
| AGI Infra Limited (AGIIL) | $2.25 Billion | 23.19% | 3.81x | $32.43K |
| Ajmera Realty & Infra India Limited (AJMERA) | $5.38 Billion | 7.88% | 1.34x | $61.39 Million |
| Alembic Limited (ALEMBICLTD) | $2.31 Billion | 12.80% | 0.54x | $62.26 Million |
| Amj Land Holdings Limited (AMJLAND) | $1.15 Billion | 3.86% | 0.17x | $4.81 Million |
| Anant Raj Limited (ANANTRAJ) | $220.01 Million | 1.30% | 1.07x | $701.37 Million |
| Ansal Properties & Infrastructure Limited (ANSALAPI) | $17.89 Billion | 1.14% | 3.15x | $797.78K |
| Arihant Superstructures Limited (ARIHANTSUP) | $2.46 Billion | 12.78% | 3.20x | $37.69 Million |
| Arkade Developers Ltd (ARKADE) | $2.00 Billion | 25.34% | 1.77x | $39.44 Million |
| Art Nirman Limited (ARTNIRMAN) | $372.86 Million | 5.34% | 0.85x | $2.63 Million |
| Arvind SmartSpaces Limited (ARVSMART) | $28.40 Million | 95.23% | 13.74x | $112.65 Million |