Keystone Realtors Ltd. (RUSTOMJEE) AI Stock Analysis

• Market Cap: ₹66.52B
• Dividend Yield: 0.29%
• Average Volume (3M): 3.18K
• Price to Earnings (P/E): 64.5
• Beta (1Y): 1.03
• Revenue Growth: -20.38%
• EPS Growth: -36.03%
• Country: IN
• Employees: 759
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): 0.70
• Shares Outstanding: 126,222,380
• 10 Day Avg. Volume: 7,544
• 30 Day Avg. Volume: 3,176
• PEG Ratio: 0.96
• Price to Book (P/B): 2.42
• Price to Sales (P/S): 3.35
• P/FCF Ratio: -218.98
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 53 Neutral
• Price Target: ₹573.00 ▲(8.73% Upside)

The overall stock score of 53 reflects a combination of mixed financial performance, bearish technical indicators, and overvaluation concerns. The company's financials show potential but are hindered by cash flow and profitability challenges. Technical analysis indicates a bearish trend, while valuation metrics suggest the stock is overvalued. The absence of earnings call insights and corporate events leaves these areas unaddressed.

Positive Factors

Equity Strength

Improved equity strength suggests a more robust financial foundation, enhancing the company's ability to invest in growth opportunities and withstand economic fluctuations.

Gross Profit Margin Improvement

An improved gross profit margin reflects efficient cost management, which can lead to better profitability and competitiveness in the long term.

EPS Growth

Strong EPS growth indicates effective management and operational efficiency, enhancing shareholder value and supporting future investment.

Negative Factors

Revenue Decline

A decline in revenue growth can signal potential challenges in market demand or competitive pressures, impacting long-term sustainability.

Negative Free Cash Flow

Negative free cash flow suggests potential liquidity issues, limiting the company's ability to reinvest in growth and manage debt effectively.

Profitability Challenges

Declining profitability margins indicate operational inefficiencies, which could hinder the company's ability to maintain competitive pricing and invest in future growth.

Keystone Realtors Ltd. Business Overview & Revenue Model

Company Description

Keystone Realtors Ltd. (RUSTOMJEE) is a leading real estate development company in India, primarily focused on residential and commercial properties. The company operates in various sectors including property development, project management, and real estate consulting. Keystone Realtors is known for its innovative designs and sustainable development practices, offering a diverse portfolio of projects that cater to different segments of the market, from affordable housing to luxury residences.

How the Company Makes Money

Keystone Realtors Ltd. generates revenue through multiple streams, primarily from the sale of residential and commercial properties. The company's revenue model is based on property development, wherein it acquires land, develops residential and commercial units, and sells them to end-users and investors. Additionally, the company earns income from project management services and real estate consulting, providing expertise to other developers and investors. Significant partnerships with financial institutions and construction firms also enhance its operational efficiency and market reach, contributing to its overall earnings. Furthermore, revenue is bolstered by strategic marketing initiatives and customer relationship management, ensuring a steady flow of sales and customer loyalty.

Keystone Realtors Ltd. Financial Statement Overview

Summary

Keystone Realtors Ltd. presents a mixed financial picture. The income statement reflects growth potential with some profitability challenges. The balance sheet shows improvement in equity strength but retains a significant debt load. Cash flow management appears to be a critical area requiring attention due to negative free cash flow and liquidity concerns. Overall, the company demonstrates potential but must address operational and cash flow efficiency to sustain long-term growth.

Income Statement

The company shows a mixed performance on the income statement. While there is a positive trend in revenue growth from 2023 to 2024, there was a decline from 2024 to 2025. The gross profit margin improved from 2024 to 2025, indicating better cost management. However, the net profit margin and EBIT margin saw a decline in the same period, signaling potential challenges in operating efficiency.

Balance Sheet

Keystone Realtors Ltd. has been reducing its debt load, as seen in the decrease in total debt from 2024 to 2025. The debt-to-equity ratio is at a manageable level, suggesting a balanced approach to leveraging. The equity ratio improved, indicating a stronger asset base backed by equity. However, the company still faces significant liabilities, which could pose risks if not managed properly.

Cash Flow

The cash flow statement reveals challenges in generating consistent free cash flow, with negative free cash flow observed in 2025. The operating cash flow to net income ratio indicates difficulties in converting profits into cash, highlighting potential liquidity issues. The decline in free cash flow growth is concerning and suggests a need for better cash management practices.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	18.21B	20.04B	22.22B	6.86B	12.69B	8.49B
Gross Profit	4.92B	5.58B	3.59B	2.48B	2.74B	2.08B
EBITDA	1.71B	2.20B	1.92B	1.43B	2.13B	4.41B
Net Income	1.03B	1.72B	1.12B	819.50M	1.40B	3.10B
Balance Sheet
Total Assets	69.99B	66.49B	59.72B	45.15B	38.77B	36.54B
Cash, Cash Equivalents and Short-Term Investments	13.62B	7.99B	3.09B	3.83B	2.06B	2.39B
Total Debt	12.19B	9.30B	11.01B	10.30B	15.63B	12.20B
Total Liabilities	41.88B	38.65B	41.77B	28.28B	29.14B	28.30B
Stockholders Equity	27.94B	27.72B	17.98B	16.69B	9.33B	8.01B
Cash Flow
Free Cash Flow	-2.12B	-306.90M	1.79B	2.99B	-1.10B	6.42B
Operating Cash Flow	-1.95B	-113.90M	1.83B	3.06B	-1.10B	6.42B
Investing Cash Flow	-2.92B	-649.10M	-2.78B	266.60M	-1.38B	-2.35B
Financing Cash Flow	2.78B	4.84B	-383.00M	-301.90M	1.54B	-6.09B

Keystone Realtors Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 527.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RUSTOMJEE, the sentiment is Negative. The current price of 527 is below the 20-day moving average (MA) of 537.78, below the 50-day MA of 553.87, and below the 200-day MA of 568.85, indicating a bearish trend. The MACD of -6.01 indicates Negative momentum. The RSI at 40.04 is Neutral, neither overbought nor oversold. The STOCH value of 38.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:RUSTOMJEE.

Keystone Realtors Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SUNTECK	69 Neutral	₹57.52B	32.81	―	0.38%	-14.25%	17.95%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
KOLTEPATIL	57 Neutral	₹34.63B	45.78	―	1.04%	3.05%	―
MAHLIFE	56 Neutral	₹85.01B	47.70	―	0.70%	-22.59%	17.35%
RUSTOMJEE	53 Neutral	₹66.52B	64.53	―	0.29%	-20.38%	-36.03%
MAXESTATES	51 Neutral	₹72.93B	130.66	―	―	79.32%	―
PURVA	40 Underperform	₹56.12B	-19.51	―	―	-23.33%	-512.89%

Keystone Realtors Ltd. Corporate Events

Keystone Realtors Secures Positive Credit Rating Amidst Growth

Keystone Realtors Ltd. received an ‘IND A+/Positive’ credit rating from India Ratings and Research for its bank loan facilities, reflecting the company’s substantial operational growth and improved credit profile. This rating underscores Keystone’s strong market position and robust financial health, supported by increased presales and a significant project pipeline, ensuring continued growth and stability in the competitive real estate sector.