Incorporated in 1995, Keystone Realtors Limited is one of the prominent real estate developers. The company is engaged primarily in the business of real estate construction, development, and other related activities in India[1]
Business OverviewThe company is a prominent MMR-based real estate developer and a leader in the redevelopment space.[1]It develops integrated townships, gated communities, standalone landmarks, retail spaces, commercial projects, and social infrastructure such as schools, clubhouses, and parks within townships under its brandRustomjee.[2]
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | DLF | 698.00 | 44.77 | 172776.76 | 0.86 | 1180.09 | -27.08 | 1643.04 | -16.81 | 6.51 | 9016.03 | 22.47 | 3859.74 | 1007.10 | 4.02 | 7.30 | 0.04 |
| 2. | Lodha Developers | 1120.00 | 33.61 | 111859.67 | 0.38 | 789.80 | 86.50 | 3798.50 | 44.67 | 15.62 | 15597.50 | 29.61 | 3329.50 | 788.70 | 5.22 | 5.70 | 0.45 |
| 3. | Prestige Estates | 1642.90 | 92.43 | 70764.66 | 0.11 | 457.40 | 123.88 | 2431.70 | 5.52 | 7.66 | 7921.90 | 36.60 | 765.50 | 430.30 | 4.47 | 1.15 | 0.92 |
| 4. | Phoenix Mills | 1949.95 | 65.16 | 69729.89 | 0.13 | 384.09 | 39.38 | 1115.43 | 21.51 | 10.75 | 4059.89 | 57.73 | 1069.86 | 303.99 | 6.45 | 6.11 | 0.46 |
| 5. | Godrej Propert. | 2143.45 | 41.64 | 64562.06 | 0.00 | 402.99 | 20.84 | 740.38 | -32.28 | 6.57 | 4265.55 | -18.34 | 1549.83 | 405.08 | 3.53 | 2.67 | 0.89 |
| 6. | Oberoi Realty | 1716.00 | 27.94 | 62394.12 | 0.46 | 760.26 | 28.98 | 1779.04 | 34.79 | 17.73 | 5327.81 | 56.59 | 2233.06 | 760.26 | 3.73 | 10.23 | 0.18 |
| 7. | Brigade Enterpr. | 897.80 | 27.59 | 21951.07 | 0.28 | 170.28 | 36.58 | 1383.37 | 29.03 | 13.34 | 5588.84 | 26.50 | 795.44 | 162.50 | 3.41 | 3.39 | 0.83 |
| 8. | Keystone Realtor | 534.65 | 73.17 | 6748.91 | 0.28 | 22.14 | 64.00 | 334.64 | 431.26 | 6.00 | 762.73 | -7.14 | 92.24 | 22.14 | 2.63 | 2.33 | 0.23 |
| – | Median: 96 Co. | 163.22 | 33.98 | 864.85 | 0.0 | 4.2 | 9.3 | 44.19 | 10.71 | 7.42 | 164.13 | 16.9 | 11.18 | 3.3 | 2.93 | 2.35 | 0.43 |
Standalone figures in ₹ crores
| Dec 2022 | Dec 2023 | Dec 2024 | Jun 2023 | Jun 2024 | Jun 2025 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 3 | 60 | 35 | 255 | 128 | 68 | 308 | 114 | 325 | 2 | 581 | 63 | 335 |
Expenses | 5 | 71 | 66 | 184 | 123 | 101 | 219 | 113 | 297 | -0 | 597 | 85 | 352 |
Operating Profit | -3 | -11 | -31 | 70 | 5 | -33 | 89 | 1 | 27 | 2 | -15 | -22 | -18 |
Other Income | 28 | 35 | 46 | 31 | 43 | 54 | 14 | 49 | 62 | 21 | 24 | 54 | 58 |
Profit before tax | 22 | 10 | 2 | 100 | 32 | 12 | 100 | 29 | 76 | 20 | 6 | 18 | 30 |
Tax % | 19% | 27% | 33% | 24% | 26% | -14% | 28% | 20% | 28% | 20% | 24% | 26% | 26% |
Net Profit | 18 | 7 | 2 | 76 | 23 | 14 | 72 | 23 | 55 | 16 | 5 | 14 | 22 |
EPS in Rs | 1.54 | 0.64 | 0.12 | 6.71 | 1.86 | 1.08 | 6.31 | 2.04 | 4.36 | 1.54 | 0.40 | 1.07 | 1.75 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2012 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
Sales | 273 | 1,414 | 267 | 530 | 851 | 328 | 1,010 | 551 | 763 |
Expenses | 290 | 1,275 | 269 | 459 | 742 | 251 | 966 | 571 | 817 |
Operating Profit | -17 | 139 | -2 | 72 | 109 | 77 | 45 | -21 | -54 |
Other Income | 0 | 62 | 104 | 59 | 75 | 83 | 139 | 205 | 219 |
Interest | 0 | 69 | 47 | 57 | 25 | 9 | 32 | 43 | 29 |
Depreciation | 0 | 2 | 1 | 1 | 3 | 4 | 7 | 12 | 15 |
Profit before tax | -17 | 130 | 53 | 72 | 156 | 146 | 145 | 129 | 120 |
Net Profit | -17 | 102 | 38 | 40 | 120 | 109 | 112 | 93 | 92 |
EPS in Rs | -63,962.96 | 10.19 | 3.75 | 3.99 | 12.00 | 9.59 | 9.79 | 7.42 | 7.31 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 20% | – |
Standalone figures in ₹ crores
| Mar 2012 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0.03 | 100 | 100 | 100 | 100 | 114 | 114 | 126 | 126 |
Reserves | 373 | 410 | 449 | 488 | 608 | 1,401 | 1,523 | 2,408 | 2,442 |
Borrowings | 694 | 762 | 754 | 732 | 813 | 458 | 758 | 374 | 600 |
Other Liabilities | 495 | 1,229 | 1,237 | 1,248 | 972 | 1,248 | 920 | 989 | 794 |
Total Liabilities | 1,562 | 2,502 | 2,539 | 2,568 | 2,493 | 3,221 | 3,315 | 3,896 | 3,963 |
Fixed Assets | 7 | 31 | 30 | 29 | 33 | 38 | 49 | 65 | 60 |
Gross Block | 11.13 | 37.19 | 37.02 | 35.36 | 44.50 | 51.98 | 63.16 | 85.55 | – |
Accumulated Depreciation | 3.96 | 6.04 | 7.29 | 6.34 | 11.76 | 13.89 | 14.23 | 20.08 | – |
CWIP | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 750 | 245 | 236 | 484 | 553 | 584 | 417 | 468 | 475 |
Other Assets | 799 | 2,226 | 2,273 | 2,055 | 1,908 | 2,599 | 2,850 | 3,363 | 3,428 |
Total Assets | 1,562 | 2,502 | 2,539 | 2,568 | 2,493 | 3,221 | 3,315 | 3,896 | 3,963 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2012 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | – | 333 | 80 | 351 | 15 | 95 | 228 | -177 |
Cash from Investing Activity | – | -68 | 54 | -126 | -108 | -90 | -840 | 133 |
Cash from Financing Activity | – | -282 | -108 | -129 | 2 | 275 | 429 | 336 |
Net Cash Flow | – | -17 | 26 | 97 | -92 | 280 | -182 | 292 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2012 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
Debtor Days | 69 | 41 | 43 | 14 | 32 | 45 | 4 | 14 |
Inventory Days | – | 851 | – | 1,378 | 1,822 | – | 752 | – |
Days Payable | – | 107 | – | 179 | 356 | – | 194 | – |
Cash Conversion Cycle | 69 | 785 | 43 | 1,214 | 1,498 | 45 | 562 | 14 |
Working Capital Days | 263 | 28 | 570 | -15 | 46 | 642 | 550 | 1,127 |
ROCE % | – | – | 8% | 10% | 13% | 9% | 8% | 6% |
Direct from BSE filings, auto-summarised
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Stock Analysis
EPL Limited, formerly Essel Propack Limited, is a leading global specialty packaging company manufacturing laminated plastic tubes for various industries. It is the world's largest player in this segment with a significant international presence.
Key growth drivers include strong performance in the 'Personal Care & beyond' segment, double-digit growth in the Beauty & Cosmetics sector, and expansion in high-growth markets like Brazil and Thailand. The company also aims to enhance margin efficiency and achieve a ROCE of over 25% by FY29.
Currently no data available for Order Book.
Shareholder approval for ESOPs saw significant opposition from public institutional investors (62% voted against), indicating potential concerns about equity dilution or scheme terms. Additionally, a split vote occurred regarding a director's re-appointment among institutional investors.
Key Dates to Watch: Board Meeting for Q2 FY26 results and interim dividend on November 11, 2025. Leadership transition with Hemant Bakshi taking over as MD & Global CEO from January 1, 2026. Closure of trading window from January 1, 2026.
Corporate Announcements
