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Radhe Developers (India) Limited (531273) Fair Value & Analysis

Financial · IN · Market cap ₹229M

RD Radhe Developers (India) Limited 531273 · BSE
Price₹1.44
Fair Value₹3.51
Upside+143.8%
Quality39/100
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Weak Growth
Loss-making · -125.5% net margin
Low debt · negative free cash flow
Trails peers (3/9)
Narrow moat 11/100
Evidence: Medium Range ₹2.40 – ₹4.39 Share as image

Fair value as of: Aug 13, 2026

From 7 valuation models · updated 5 days ago

Fair value updated Aug 13, 2026, revised from ₹3.56 to ₹3.51 (−1.4%) since Aug 11, 2026.

Below-average quality, screening 144% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (39/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (₹2.40). The market is more pessimistic than our downside scenario.
  • A fairly wide model range (₹2.40 to ₹4.39) leaves room in how you read the outcome.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

₹17.77 ₹0.4000 Fair Value ₹3.51 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹0.4000 – ₹17.77 · fair‑value band ₹2.40 – ₹4.39 · the ₹1.44 price screens below the ₹3.51 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Radhe Developers (India) Limited (531273) currently trades at ₹1.44, while our model-based Fair Value estimate is ₹3.51, implying the stock looks roughly 143.8% undervalued today. The Quality Score stands at 39/100 (below-average quality), in the Financial sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Trailing-twelve-month revenue stands at ₹19.5M. Revenue declined 40.7% year over year. It earns a return on equity of -7.6%. Net debt stands at ₹298M. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹2.40 (bear case) to ₹4.39 (bull case); at ₹1.44, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 52% below its 52-week high and 24% above its 52-week low. For context, the median of 10 Financial peers we cover trades at 8% fair-value upside, at 144%, 531273 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income ₹3.00 ₹2.89 ₹2.36 76
P/S Multiple ₹2.60 ₹3.47 ₹4.33 58
P/B Multiple ₹2.60 ₹3.47 ₹4.33 55
All 7 models by family
Multiples
P/S Multiple ₹2.60 ₹3.47 ₹4.33 58
P/B Multiple ₹2.60 ₹3.47 ₹4.33 55
EV/EBIT ₹3.78 ₹5.19 ₹6.61 53
EV/EBITDA ₹3.52 ₹4.85 ₹6.18 54
EV/Revenue ₹1.88 ₹2.88 ₹3.88 43
Asset-Based
NCAV (Graham) ₹2.21 ₹2.96 ₹4.41 50
Economic Profit
Residual Income ₹3.00 ₹2.89 ₹2.36 76

Widest divergence: Multiples (₹3.47) versus Economic Profit (₹2.89). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹19.5M
Revenue growth (YoY) -40.7%
Net margin -125%
Return on equity -7.6%
Free cash flow −₹12.1M FY2026
Operating margin -125%
More key figures
EPS (TTM) ₹-1.08
EPS growth (YoY) +3,500%
Net debt ₹298M FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 39/100

Of which business quality 43 · Market factors (momentum, volatility) 25

Profitability 34
Margins and returns on capital today
Quality Growth 72
Are margins and returns improving?
Cashflow 29
Earnings quality: real cash, not paper profit
Fin. Strength 46
Balance sheet, leverage, solvency risk
Investment 46
Disciplined investing over empire-building
Low Volatility 57
Calm price path (market factor)
Momentum 13
Price trend over the last 3–12 months (market factor)
52W Momentum 8
Distance to the 52-week high (market factor)
Net Issuance 43
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Radhe Developers (India) Limited engages in the real estate development business in Gujarat, India. The company develops residential, commercial, plotting, and social infrastructure projects. It is also involved in the construction business. The company was incorporated in 1995 and is based in Ahmedabad, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Radhe Developers (India) Limited reported revenue of ₹111M in FY2026 versus ₹436M in FY2022, a compound −29.0%/yr. Reported net income was ₹32.4M in FY2026, compounding −40.1%/yr from FY2022.

Growth Quality 6/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
₹111M
Latest YoY
+45.1%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−8.2%
Avg. growth/yr (12Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+43.4%
Revenue −29.0%/yr
FY22 ₹436M
FY23 ₹143M
FY24 ₹67.6M
FY25 ₹76.6M
FY26 ₹111M
Net income −40.1%/yr
FY22 ₹252M
FY23 ₹7.1M
FY24 −₹46.3M
FY25 ₹13.5M
FY26 ₹32.4M

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Cite: Fair Value Calculator (2026). "Radhe Developers (India) Limited Fair Value". https://www.fairvalue-calculator.com/stock/531273

Peer Group

Real Estate · 1884 stocks

How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Real Estate Development” was too small, so the broader sector is used.)

Quality Score 40 · Bottom 25%
Fair Value upside +144% · Top 25%
Return on assets -3% · Bottom 25%
Net margin (TTM) -125% · Bottom 25%
Operating margin (TTM) -125% · Bottom 25%
Revenue growth -41% · Bottom 25%
Debt / equity 0.11× · Lower than median

Valuation Multiples vs Real Estate median · lower = cheaper

P/S (TTM) 0.12× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 31
FUTURE 0 · sector 7
PAST 0 · sector 14
HEALTH 95 · sector 79
DIVIDEND 0 · sector 77

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Real Estate Development stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
CPI FIM SA OPG 3.38 PLN 0.7300 PLN -78%
Sunteck Realty Limited 512179 ₹299.45 ₹153.98 -49%
Marathon Nextgen Realty Limited 503101 ₹365.10 ₹38.14 -90%
Vipul Limited 511726 ₹14.31 ₹35.78 +150%
Shri Krishna Devcon Limited 531080 ₹40.01 ₹27.66 -31%
Prerna Infrabuild Limited 531802 ₹25.62 ₹45.68 +78%
The Victoria Mills Limited 503349 ₹5,120 ₹11,492 +124%
Rap Media Limited 531583 ₹39.99 ₹99.98 +150%
IDBI Bank Limited 500116 ₹82.87 ₹89.34 +8%
Yes Bank Limited 532648 ₹22.70 ₹14.65 -35%

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Frequently asked questions

Is Radhe Developers (India) Limited (531273) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹3.51 versus a price of ₹1.44, about +144% (undervalued).
What is the fair value of 531273?
Our model-based fair value for Radhe Developers (India) Limited is ₹3.51 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹1.44.
What is the quality score of 531273?
Radhe Developers (India) Limited has a Quality Score of 39/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Radhe Developers (India) Limited (531273)?
Radhe Developers (India) Limited reported trailing-twelve-month revenue of about ₹19.5M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 531273?
The net profit margin of Radhe Developers (India) Limited is about -125.5%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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