Keystone Realtors Ltd. (RUSTOMJEE) AI Stock Analysis

• Market Cap: ₹77.09B
• Dividend Yield: 0.24%
• Average Volume (3M): 3.75K
• Price to Earnings (P/E): 48.0
• Beta (1Y): 1.09
• Revenue Growth: -21.81%
• EPS Growth: 61.58%
• Country: IN
• Employees: 759
• Sector: Real Estate
• Sector Strength: 54
• Industry: Real Estate - Development
• EPS (TTM): 1.10
• Shares Outstanding: 126,029,700
• 10 Day Avg. Volume: 1,779
• 30 Day Avg. Volume: 3,745
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: ₹627.00
• Price Target Upside: 2.50% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 55 Neutral
• Price Target: ₹627.00 ▲(2.50% Upside)

The overall stock score of 55 reflects a combination of mixed financial performance, bearish technical indicators, and high valuation concerns. The company's financials show potential but are hindered by cash flow and profitability challenges. Technical analysis indicates short-term bearish momentum, while the high P/E ratio suggests overvaluation. The absence of earnings call insights and corporate events leaves these areas unaddressed.

Keystone Realtors Ltd. Business Overview & Revenue Model

Company Description

Keystone Realtors Ltd., operating under the brand name RUSTOMJEE, is a prominent real estate developer based in India. The company is engaged in the development of residential, commercial, and township projects, focusing on delivering high-quality construction and sustainable living spaces. RUSTOMJEE is renowned for its innovative design, timely project delivery, and commitment to customer satisfaction, making it a trusted name in the Indian real estate industry.

How the Company Makes Money

Keystone Realtors Ltd. generates revenue primarily through the sale of residential and commercial properties. The company's key revenue streams include the development and sale of residential apartments, villas, and townhouses, as well as leasing and sales of commercial office spaces. Additionally, RUSTOMJEE earns income from renting properties and providing property management services. Strategic partnerships with landowners, investors, and financial institutions also play a significant role in its project development and revenue generation. The company focuses on executing projects in prime locations to maximize return on investment and enhance its profitability.

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, as evidenced by the improvement in gross profit margin but declining net profit margin and EBIT margin. The balance sheet shows improvement in equity strength, yet significant liabilities remain. Cash flow management is a critical area requiring attention due to negative free cash flow and liquidity concerns.

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	Mar 2025	Mar 2024	Mar 2022	Mar 2023	Mar 2021
Income Statement
Total Revenue	20.04B	22.22B	12.52B	6.46B	7.97B
Gross Profit	4.14B	3.59B	2.64B	2.08B	1.85B
EBITDA	2.16B	1.92B	2.13B	1.43B	4.41B
Net Income	1.72B	1.12B	1.40B	819.50M	3.10B
Balance Sheet
Total Assets	66.49B	59.72B	38.77B	45.15B	36.54B
Cash, Cash Equivalents and Short-Term Investments	8.54B	3.09B	2.06B	3.83B	2.39B
Total Debt	9.30B	11.01B	15.63B	10.30B	12.20B
Total Liabilities	38.65B	41.77B	29.14B	28.28B	28.30B
Stockholders Equity	27.72B	17.98B	9.33B	16.69B	8.01B
Cash Flow
Free Cash Flow	-306.90M	1.79B	-1.10B	2.99B	6.42B
Operating Cash Flow	-113.90M	1.83B	-1.10B	3.06B	6.42B
Investing Cash Flow	-649.10M	-2.78B	-1.38B	266.60M	-2.35B
Financing Cash Flow	4.84B	-383.00M	1.54B	-301.90M	-6.09B

Keystone Realtors Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 611.70
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• 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 Positive. The current price of 611.7 is below the 20-day moving average (MA) of 616.01, above the 50-day MA of 603.94, and above the 200-day MA of 598.45, indicating a bullish trend. The MACD of -2.97 indicates Positive momentum. The RSI at 53.30 is Neutral, neither overbought nor oversold. The STOCH value of 63.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:RUSTOMJEE.

Keystone Realtors Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	71 Outperform	¥233.73B	15.21	10.65%	3.48%	20.30%	28.35%
SUNTECK	67 Neutral	₹56.11B	34.86		0.39%	-8.97%	61.83%
KOLTEPATIL	57 Neutral	₹36.43B	37.37		0.99%	27.86%	―
MAXESTATES	56 Neutral	₹74.06B	154.80		―	95.20%	―
RUSTOMJEE	55 Neutral	₹77.09B	47.99		0.24%	-21.81%	61.58%
MAHLIFE	48 Neutral	₹72.77B	64.65		0.80%	-28.49%	-22.69%
PURVA	47 Neutral	₹62.56B	80.66		2.39%	-24.76%	-449.08%

Keystone Realtors Ltd. Corporate Events

Keystone Realtors Releases Q2 2025 Financial Results

Keystone Realtors Limited has announced the publication of its unaudited financial results for the quarter ended June 30, 2025. This disclosure is in compliance with the Securities and Exchange Board of India’s regulations, and it is intended to inform shareholders and stakeholders about the company’s financial performance. The announcement could impact the company’s market positioning by providing transparency and potentially influencing investor confidence.