AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Acquisition 9 Sep - Keystone Realtors formed One Landmark House LLP on September 8, 2026 with Rs.50,000 investment and 50% profit sharing.
Source: Bse
Keystone Realtors Limited (RUSTOMJEE)
Small CapReal Estate stocks · Small cap · NSE
Keystone Realtors Limited operates in Real Estate Development, within the Real Estate sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result04 Aug, 06:23 pm IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Real Estate P/E 22.2 (n=72)
Technical timing lens
Trend score and candlestick chart
31Bearishfull bear SMA stack · SMA20 -1.5% / mo · MACD − · near 52W low · sector -6.4pp vs Nifty 500 (3M)
Stock trend: 22
Sector RS: 44
Sector 3M: -12.0% vs Nifty 500 -5.6%
Real Estate FPI tailwindBuilding
Latest FPI flow is positive, but a second consecutive positive fortnight is still required. View sector evidence
Technical chart
RUSTOMJEED candles · FIT view-12.0%Latest close ₹344.30 on 2026-10-19
Bar
-0.1%
RSI
37
MACD hist
-1.59
52W pos
5%
2026-10-19O ₹344.50H ₹348.95L ₹334.60C ₹344.30Vol 55,185 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
RUSTOMJEENifty RealtyNifty 500
- RUSTOMJEE
- -16.8%
- Nifty 500
- -5.6%
- Nifty Realty
- -11.0%
- Vs Nifty 500
- -11.2 pp
Chart stats
19 Oct 2026- From 52W high
- -44.9%
- 52W range position
- 4%
- ATR (14)
- 3.8%
- Volume vs 20D
- 0.65x
- Avg traded value
- ₹3.1 Cr
- 20D price channel
- ₹334.6 - ₹393.9
₹625.1
₹331.9 - ₹625.1
₹12.9
Latest completed session
20-session average
28.8% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Suggested next step
Verify management risk first
Do not let cheap valuation override weak Trust or governance evidence.
U-Score
Legacy · OVERVALUED16
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent90
Revenue +72.2% · PAT +225.0% YoY
Technical
Bearish31
Price trend and sector-relative-strength timing.
Valuation
Legacy model-1721.7%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence43
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Excellent · 90/100Rev +72% YoY · PAT +225% YoY · margin expansion · operating leverage
Filed 04 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹470 Cr | +72.2% | -70.5% |
| EBITDA | ₹82 Cr | +583.3% | +1.2% |
| Operating margin | 17.0% | +1270 bps | +1200 bps |
| PAT | ₹52 Cr | +225.0% | -18.8% |
| PAT margin | 11.1% | +520 bps | +705 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 39.60
- P/B
- 1.62
- EV/EBITDA
- 29.49
- Market Cap
- 4650.00Cr
Profitability
- ROE
- 2.80%
- ROCE
- 4.68%
- ROA
- 1.95%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 25.00%
- EPS 5Y
- -24.00%
- Revenue 3Y
- 57.00%
- EPS 3Y
- -1.00%
Balance Sheet
- Debt/Equity
- 0.52
- Interest Coverage
- 1.85×
- Altman Z
- 1.96
- Book Value
- 227.00
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 3/5
- OCF
- -509.00 Cr
- EPS TTM
- 9.31
Shareholding
- Promoter Hold
- 74.59%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 11%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 470-70.6% vs prev
Net Profit
₹ CrLatest: 52.0-18.8% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 37.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~1.5% over last month) — short-term momentum negative.
- RSI(14) at 37 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- Within 5% of 52-week low — testing support.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
19
RS percentile
Stage 4 Downtrend
1M return
-2.7%
3M return
-16.8%
6M return
-13.7%
1Y return
-39.2%
RS 1D
+3
RS 20D
+6
Sector rank
#18
Industry rank
#71
Stage evidence
- Price is 11.3% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -1.6%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
lagging
Industry
lagging
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 59.33+1.07%
RS vs Nifty 50059
Valuation & peers
U-Score 16 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 16 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
OVERVALUED
Fundamental score breakdown
U band · OVERVALUEDValuation1/30
Growth7/25
Quality0/20
Balance Sheet4/15
Cash Flow2/10
Piotroski
3/9 (+1)
Penalties
1
Raw sum
16
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
16/100 · legacy band OVERVALUED
Positive drivers
- Growth contributes 7/25 to the score.
- Balance sheet contributes 4/15 to the score.
- Cash flow contributes 2/10 to the score.
Main drags
- Fair-value margin of safety is negative at -1721.7%.
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Valuation is weaker at 1/30; verify the latest quarterly trend.
Sector valuation model
Real estate valuation: NAV, pre-sales, debt, and inventory quality
Real estate valuation depends more on project economics and balance sheet than simple PE.
Primary lens
NAV and market cap versus project pipeline and pre-sales.
Secondary checks
Inventory age, net debt, collections, execution record.
Main risk check
Book value can overstate value if inventory is slow or debt is high.
PE
39.6
PB
1.6
EV/EBITDA
29.5
ROE
2.8%
ROCE
4.7%
FCF Yield
—
Debt/Equity
0.5
MoS
-1721.7%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
16
Previous: 16
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
-1721.7%
Previous: -1721.7%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
16
16
16
16
16
16
16
16
16
16
16
16
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹218.06
-57.9% MoS
Growth-justified P/E
2.0
Growth-justified Value
₹18.9
-1721.7% MoS
PEG
—
Comparable companies
Peers
Business-comparable peers in Real Estate — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
KOLTEPATIL
Small
Kolte - Patil Developers Limited
Real Estate
match 166
16
30.7
-4.4%
-85%
OVERVALUED
MANINFRA
Small
Man Infraconstruction Limited
Real Estate
match 165
43
23.1
9.2%
+37%
WATCHLIST
KALPATARU
Small
Kalpataru Limited
Real Estate
match 165
32
45.7
2.7%
-37%
WATCHLIST
PSPPROJECT
Small
PSP Projects Limited
Real Estate
match 164
21
41.3
4.5%
-837%
OVERVALUED
ASHIANA
Small
Ashiana Housing Limited
Real Estate
match 163
55
32.8
13.8%
+7%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Keystone Realtors Limited operates in Real Estate Development, within the Real Estate sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
43Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 2nd percentile of the scored universe and 6th percentile within Real Estate. Main check: financial discipline is weak at 18/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
66 docs text-extracted · 30 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
2nd percentile
overall median 67 · Real Estate: 6th pctile, median 61 · Small: 2nd pctile, median 66
Evidence depth
Financial-only
66 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Do not rely on management narrative unless hard turnaround evidence is visible.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
40
weak · profit to cash conversion
Balance sheet
51
watch · leverage and solvency
Discipline
18
weak · capital discipline
Results
27
weak · quarterly consistency
Trust positives
- ▸Promoter holding is 74.6%.
- ▸Promoter pledge is zero.
Trust risks
- ▸Operating cash flow is negative at ₹-509 Cr.
- ▸2 latest quarters had PAT decline worse than 25% YoY.
- ▸Promoter holding fell 3.7%.
- ▸Interest coverage is 1.9x.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Keystone Realtors Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 27 Aug - Keystone Realtors will host Ashwamedh–Elara India Dialogue 2026 meeting on 2 September 2026 in Mumbai.
Source: Bse
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 27 Aug - The 31st AGM of the Company is scheduled to be held on September 18, 2026 through VC/OAVM
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 29 Sep - Allotment of 73,148 Equity Shares of Rs. 10/- each under ESOP
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Change in Management 18 Sep - Shareholders appointed Walker Chandiok & Co. LLP as statutory auditor for five years from 31st AGM.
Source: Bse
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
Annual report
Business Responsibility and Sustainability Reporting (BRSR) 25 Aug - Keystone Realtors submitted BRSR for FY2025-26 as part of the annual report.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 13 Aug
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 10 Aug - Emkay Confluence investor conference scheduled for 13-08-2026 in Mumbai.
Source: Bse
Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 14 Jul - CRISIL assigned AA-/Stable rating to bank loans and reaffirmed AA-/Stable for ₹335 crore NCDs.
Source: Bse
Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 30 Jun - ICRA upgraded Keystone Realtors’ issuer and debt ratings to AA- Stable on ₹1,000 crore instruments.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 9 Jun
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.