Keystone Realtors Limited (RUSTOMJEE) - Net Assets
Based on the latest financial reports, Keystone Realtors Limited (RUSTOMJEE) has net assets worth Rs28.11 Billion INR (≈ $303.95 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs69.99 Billion ≈ $756.86 Million USD) and total liabilities (Rs41.88 Billion ≈ $452.91 Million USD). 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. Check how resilient are Keystone Realtors Limited's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs28.11 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. Also explore total assets of Keystone Realtors Limited for the complete picture of this company's asset base.
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. For live valuation and market cap data, see Keystone Realtors Limited (RUSTOMJEE) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs27.85 Billion ≈ $301.14 Million |
+55.20% |
| 2024-03-31 | Rs17.94 Billion ≈ $194.03 Million |
+6.37% |
| 2023-03-31 | Rs16.87 Billion ≈ $182.41 Million |
+75.13% |
| 2022-03-31 | Rs9.63 Billion ≈ $104.16 Million |
+16.91% |
| 2021-03-31 | Rs8.24 Billion ≈ $89.10 Million |
+194.10% |
| 2020-03-31 | Rs2.80 Billion ≈ $30.29 Million |
+55.70% |
| 2019-03-31 | Rs1.80 Billion ≈ $19.46 Million |
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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 | Rs7.89 Billion | 28.46% |
| Common Stock | Rs1.26 Billion | 4.55% |
| Other Comprehensive Income | Rs26.46 Billion | 95.45% |
| Total Equity | Rs27.72 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 |
|---|---|
|
Zero One Technology Co Ltd
TW:3029
|
$536.68 Million |
|
Innocean Worldwide Inc
KO:214320
|
$536.73 Million |
|
Care Property Invest NV
BR:CPINV
|
$536.87 Million |
|
Shanghai Kindly Entrp Dvlp Grp
SHG:603987
|
$536.90 Million |
|
Vinci Partners Investments Ltd
NASDAQ:VINP
|
$536.56 Million |
|
Strive Asset Management
NASDAQ:ASST
|
$536.54 Million |
|
SANTANDER UK 8 5/8% NON-CUM STLG PRF
LSE:SANB
|
$536.49 Million |
|
Hubei Sanxia New Building Materials Co Ltd
SHG:600293
|
$536.46 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 | Rs1.72 Billion | +6.2% |
| Share Repurchases | Rs8.01 Billion | -28.89% |
| Share Issuances | Rs8.01 Billion | +28.89% |
| Other Comprehensive Income | Rs23.87 Billion | +86.1% |
| Other Changes | Rs-15.84 Billion | -57.16% |
| Total Change | Rs- | 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: 1.78x
- 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 10.07x to 1.78x 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 | Rs39.01 | Rs393.05 | x |
| 2020-03-31 | Rs41.27 | Rs393.05 | x |
| 2021-03-31 | Rs77.36 | Rs393.05 | x |
| 2022-03-31 | Rs90.09 | Rs393.05 | x |
| 2023-03-31 | Rs156.22 | Rs393.05 | x |
| 2024-03-31 | Rs157.33 | Rs393.05 | x |
| 2025-03-31 | Rs221.00 | Rs393.05 | 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 | Rs613.04 Million |
| 2020 | 5.14% | 1.84% | 0.27x | 10.33x | Rs-207.53 Million |
| 2021 | 38.77% | 36.58% | 0.23x | 4.56x | Rs2.30 Billion |
| 2022 | 14.97% | 11.00% | 0.33x | 4.16x | Rs463.56 Million |
| 2023 | 4.91% | 11.95% | 0.15x | 2.70x | Rs-849.91 Million |
| 2024 | 6.24% | 5.05% | 0.37x | 3.32x | Rs-675.66 Million |
| 2025 | 6.20% | 8.58% | 0.30x | 2.40x | Rs-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: $6,311,605,979
- Average return on equity (ROE) among peers: 3.74%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Keystone Realtors Limited (RUSTOMJEE) | Rs28.11 Billion | 25.18% | 1.49x | $536.58 Million |
| Ajmera Realty & Infra India Limited (AJMERA) | $13.23 Billion | 9.52% | 0.70x | $264.54 Million |
| Amj Land Holdings Limited (AMJLAND) | $1.15 Billion | 6.52% | 1.03x | $17.89 Million |
| Ansal Properties & Infrastructure Limited (ANSALAPI) | $2.63 Billion | -53.33% | 31.00x | $6.43 Million |
| Arihant Superstructures Limited (ARIHANTSUP) | $3.18 Billion | 23.52% | 2.76x | $129.05 Million |
| Arkade Developers Ltd (ARKADE) | $3.24 Billion | 37.99% | 0.78x | $236.65 Million |
| Art Nirman Limited (ARTNIRMAN) | $449.80 Million | 1.82% | 2.07x | $12.02 Million |
| Arvind SmartSpaces Limited (ARVSMART) | $2.65 Billion | 11.57% | 1.93x | $306.52 Million |
| Ashiana Housing Limited (ASHIANA) | $7.60 Billion | 3.67% | 1.90x | $372.51 Million |
| Ashima Limited (ASHIMASYN) | $2.21 Billion | -1.53% | 0.34x | $33.08 Million |
| Valor Estate Limited (DBREALTY) | $26.78 Billion | -2.31% | 1.43x | $607.53 Million |
About 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