Keystone Realtors Ltd. (RUSTOMJEE) AI Stock Analysis

• Market Cap: ₹50.12B
• Dividend Yield: 0.28%
• Average Volume (3M): 3.18K
• Price to Earnings (P/E): 487.7
• Beta (1Y): 0.87
• Revenue Growth: -20.38%
• EPS Growth: -36.03%
• Country: IN
• Employees: 759
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): 0.30
• Shares Outstanding: 126,237,114
• 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: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 25.67
• Revenue Forecast (FY): ₹29.68B

• Rating: 54 Neutral
• Price Target: ₹409.00 ▼(-23.16% Downside)
• Action: Reiterated Date: 03/05/26
• Date: Action: Reiterated 03/05/26

The score is held back primarily by weak technicals (price below key moving averages with negative MACD and low RSI/Stoch) and a rich valuation (high P/E with minimal yield). Financial performance is mixed: improving leverage and gross margin are positives, but declining profitability margins and negative free cash flow reduce overall strength.

Positive Factors

Brand strength & local market focus

Keystone's Rustomjee brand and concentrated focus on the Mumbai Metropolitan Region support durable demand and pre-sales. Brand recognition helps maintain sales velocity, reduce customer acquisition cost over time, and aids project funding through construction-linked collections.

Negative Factors

Negative free cash flow

Negative free cash flow and weak operating-cash-to-net-income conversion show difficulty turning reported profits into cash. This stresses liquidity for project completion, raises refinancing and interest risks, and increases reliance on external funding or slower collections to sustain growth.

Keystone Realtors Ltd. Business Overview & Revenue Model

Company Description

Keystone Realtors Limited operates as a real estate development company in India. The company develops residential buildings, premium gated estates, townships, corporate parks, retail spaces, schools, iconic landmarks, and other real estate projec...

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Keystone Realtors Limited operates as a real estate development company in India. The company develops residential buildings, premium gated estates, townships, corporate parks, retail spaces, schools, iconic landmarks, and other real estate projec...

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 c...

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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 c...

Keystone Realtors Ltd. Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 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: Neutral
• Last Price: 532.25
• 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 Neutral. The current price of 532.25 is above the 20-day moving average (MA) of 385.63, above the 50-day MA of 428.51, and below the 200-day MA of 543.12, indicating a neutral trend. The MACD of -9.69 indicates Negative momentum. The RSI at 48.76 is Neutral, neither overbought nor oversold. The STOCH value of 75.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
SUNTECK	63 Neutral	₹46.16B	24.91	―	0.36%	-14.25%	17.95%
KOLTEPATIL	57 Neutral	₹28.74B	195.93	―	1.01%	3.05%	―
MAXESTATES	57 Neutral	₹60.16B	-1,536.76	―	―	79.32%	―
MAHLIFE	56 Neutral	₹72.75B	19.33	―	0.70%	-22.59%	17.35%
RUSTOMJEE	54 Neutral	₹50.12B	487.69	―	0.28%	-20.38%	-36.03%
PURVA	45 Neutral	₹44.36B	23.64	―	―	-23.33%	-512.89%