RATNABHUMI
Ratnabhumi Developers financials
- Market cap
- ₹363 Cr
Quarterly results
Q1 FY27: revenue down 52.3%, net profit down 96.5% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 80 | 47 | 35 | 29 | 10 −87% | 8 −83% | 15 −57% | 14 −52% |
| EBITDA | 5 | 4 | 6 | 6 | 5 −1% | 4 +18% | 4 −41% | 7 +20% |
| Net profit | 1 | 1 | 3 | 2 | 0 −52% | 1 +3% | 0 −89% | 0 −96% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −12.1% 1Y
1Y: ₹198 on 14 Aug 2025 → ₹174. High ₹310 (2 Jun 2026), low ₹170.15 (29 Aug 2025).
Financials, as filed
Revenue grew 843.7% a year over 2 years, FY24 to FY26. Operating margin narrowed to 29.4%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹1 Cr | ₹213 Cr | ₹61 Cr |
| Operating profit | ₹16 Cr | ₹20 Cr | ₹18 Cr |
| Operating margin | 2311.6% | 9.3% | 29.4% |
| Interest | ₹16 Cr | ₹15 Cr | ₹14 Cr |
| Depreciation | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Net profit | ₹0 Cr | ₹6 Cr | ₹3 Cr |
| Net margin | 37.7% | 2.7% | 5.1% |
| Cash from operations | ₹-49 Cr | ₹90 Cr | ₹12 Cr |
| Free cash flow | ₹-51 Cr | ₹90 Cr | ₹12 Cr |
| ROCE | 8.3% | 10.4% | 11.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹14 Cr | ₹14 Cr | ₹14 Cr | ₹14 Cr | ₹14 Cr | ₹14 Cr |
| Reserves | ₹21 Cr | ₹21 Cr | ₹21 Cr | ₹21 Cr | ₹29 Cr | ₹30 Cr |
| Borrowings | ₹1 Cr | ₹42 Cr | ₹109 Cr | ₹194 Cr | ₹130 Cr | ₹121 Cr |
| Other liabilities | ₹0 Cr | ₹22 Cr | ₹76 Cr | ₹117 Cr | ₹21 Cr | ₹29 Cr |
| Total liabilities | ₹35 Cr | ₹99 Cr | ₹220 Cr | ₹345 Cr | ₹194 Cr | ₹194 Cr |
| Fixed assets | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹6 Cr | ₹5 Cr | ₹18 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹2 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹27 Cr | ₹1 Cr | ₹3 Cr | ₹15 Cr | ₹24 Cr | ₹1 Cr |
| Other assets | ₹8 Cr | ₹98 Cr | ₹214 Cr | ₹324 Cr | ₹166 Cr | ₹175 Cr |
| Total assets | ₹35 Cr | ₹99 Cr | ₹220 Cr | ₹345 Cr | ₹194 Cr | ₹194 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count shrank 16% to 530.
- Promoters
- 73.6%
- Public
- 26.4%
Since Jun 2025
- Public +0.02 pp
- Promoters 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 73.6%, Public 26.4%.Dec '23: Promoters 73.6%, Public 26.4%.Mar '24: Promoters 73.6%, Public 26.4%.Jun '24: Promoters 73.6%, Public 26.4%.Sep '24: Promoters 73.6%, Public 26.4%.Dec '24: Promoters 73.6%, Public 26.4%.Mar '25: Promoters 73.6%, Public 26.4%.Jun '25: Promoters 73.6%, Public 26.4%.Sep '25: Promoters 73.6%, Public 26.4%.Dec '25: Promoters 73.6%, Public 26.4%.Mar '26: Promoters 73.6%, Public 26.4%.Jun '26: Promoters 73.6%, Public 26.4%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Kaivan Jitendrakumar Shah newly disclosed 73.56% held
The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Ratnabhumi Developers Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Kaivan Jitendrakumar Shah | 73.56% | newly disclosed |
| Trine Projects India Private Limited | 5.69% | unchanged |
| Bhartiben Prakash Parikh | 4.81% | unchanged |
| Mukesh Commotrade Private Limited | 2.89% | unchanged |
| Brijen Harshadkumar Shah | 1.75% | unchanged |
| Shah Babulal Vadilal Huf | 1.66% | unchanged |
| Shah Rekhaben Mukeshkumar | 1.53% | unchanged |
| Nikita Brijen Shah | 1.52% | unchanged |
| Jainish Bharatkumar Shah | 1.06% | unchanged |
| Rajvi Divya Shah | 0.00% | unchanged |
| Rinni Kaivanbhai Shah | 0.00% | unchanged |
| Sonaben Saurin Shah | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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