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CITADEL REALTY AND DEVELOPERS LTD. (CITADEL) Fair Value & Analysis

Real Estate · IN · Market cap ₹309M

CR CITADEL REALTY AND DEVELOPERS LTD. CITADEL · BSE
Price₹34.60
Fair Value₹30.86
Upside-10.8%
Quality59/100
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Healthy Growth
Highly profitable · 38.4% net margin
Low debt · generates free cash flow
2.71% dividend yield
Ranks above peers (9/14)
Wide moat 66/100
Evidence: High Range ₹19.07 – ₹38.57 Share as image

Fair value as of: Aug 19, 2026

From 11 valuation models · updated yesterday

A solid business, but screening 11% overvalued on our models.

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What matters now

  • A fairly wide model range (₹19.07 to ₹38.57) leaves room in how you read the outcome.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

₹88.40 ₹8.06 Fair Value ₹30.86 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 19, 2026.

How to read this chart

60‑month range ₹8.06 – ₹88.40 · fair‑value band ₹19.07 – ₹38.57 · the ₹34.60 price screens above the ₹30.86 fair value. Dashed = 300-day average. As of Aug 19, 2026.

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Analysis

CITADEL REALTY AND DEVELOPERS LTD. (CITADEL) currently trades at ₹34.60, while our model-based Fair Value estimate is ₹30.86, implying the stock looks roughly 10.8% overvalued today. The Quality Score stands at 59/100 (solid quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, CITADEL REALTY AND DEVELOPERS LTD. generated revenue of ₹39.3M at a net margin of 38.4%. Revenue grew 9.8% year over year. It earns a return on equity of 8.3%. Net debt stands at ₹148M. Fundamentals as of Aug 19, 2026

Our scenario range runs from ₹19.07 (bear case) to ₹38.57 (bull case); at ₹34.60, the current price sits within 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 63% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 45% fair-value upside, at -11%, CITADEL screens richer 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
Growth DCF ₹19.18 ₹33.03 ₹57.26 80
Residual Income ₹18.60 ₹19.29 ₹19.75 76
Rev-Margin DCF ₹22.72 ₹46.06 ₹81.37 74
All 11 models by family
DCF Models
FCF DCF ₹20.30 ₹31.00 ₹60.30 38
5Y Revenue Exit ₹22.72 ₹42.57 ₹81.78 39
10Y Revenue Exit ₹20.79 ₹44.09 ₹69.61 36
Multiples
P/S Multiple ₹23.07 ₹30.76 ₹38.45 58
P/B Multiple ₹23.14 ₹30.86 ₹38.57 55
EV/EBIT ₹72.09 ₹96.15 ₹120.22 53
EV/Revenue ₹23.07 ₹33.01 ₹42.95 43
Asset-Based
NCAV (Graham) ₹12.03 ₹16.12 ₹24.06 50
Growth DCF
Growth DCF ₹19.18 ₹33.03 ₹57.26 80
Rev-Margin DCF ₹22.72 ₹46.06 ₹81.37 74
Economic Profit
Residual Income ₹18.60 ₹19.29 ₹19.75 76

Widest divergence: DCF Models (₹42.57) versus Asset-Based (₹16.12). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹39.3M
Revenue growth (YoY) +9.8%
Net margin 38.4%
Return on equity 8.3%
Free cash flow ₹13.0M FY2026
P/E ratio 19.3
More key figures
Operating margin 92.9%
EPS (TTM) ₹1.79
Dividend yield 2.7%
EPS growth (YoY) +24.3%
Net debt ₹148M FY2026

Figures from reported company fundamentals · as of Aug 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 55 · Market factors (momentum, volatility) 23

Profitability 38
Margins and returns on capital today
Quality Growth 56
Are margins and returns improving?
Cashflow 81
Earnings quality: real cash, not paper profit
Fin. Strength 37
Balance sheet, leverage, solvency risk
Investment 51
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 18
Price trend over the last 3–12 months (market factor)
52W Momentum 3
Distance to the 52-week high (market factor)
Net Issuance 73
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

Citadel Realty and Developers Limited is involved in the business of construction, development, and sale of residential real estate projects in India. It undertakes a slum rehabilitation project located in Bhandup, which is in the eastern suburbs of Mumbai.

Full company description

Citadel Realty and Developers Limited is involved in the business of construction, development, and sale of residential real estate projects in India. It undertakes a slum rehabilitation project located in Bhandup, which is in the eastern suburbs of Mumbai. The company was formerly known as Rohit Pulp & Paper Mills Limited and changed its name to Citadel Realty and Developers Limited in September 2008. Citadel Realty and Developers Limited was incorporated in 1960 and is based in Mumbai, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

CITADEL REALTY AND DEVELOPERS LTD. reported revenue of ₹39.3M in FY2026 versus ₹25.2M in FY2022, a compound +11.8%/yr. Reported net income was ₹15.1M in FY2026, compounding +36.6%/yr from FY2022.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹39.3M
Latest YoY
+10.9%
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.
+11.7%
Avg. growth/yr (5Y) 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.
+11.8%
Avg. growth/yr (7Y) 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.
+44.6%
Revenue +11.8%/yr
FY22 ₹25.2M
FY23 ₹28.2M
FY24 ₹31.7M
FY25 ₹35.4M
FY26 ₹39.3M
Net income +36.6%/yr
FY22 ₹4.3M
FY23 ₹10.2M
FY24 ₹11.4M
FY25 ₹11.7M
FY26 ₹15.1M

CITADEL screens 11% overvalued. Compare with DLF Limited →

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Cite: Fair Value Calculator (2026). "CITADEL REALTY AND DEVELOPERS LTD. Fair Value". https://www.fairvalue-calculator.com/stock/CITADEL

Peer Group

Real Estate - Development · 592 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 58 · Top 25%
Fair Value upside −11% · Below median
Return on equity (TTM) 8% · Above median
Return on assets 6% · Top 25%
Net margin (TTM) 38% · Top 25%
Operating margin (TTM) 93% · Top 25%
Revenue growth 10% · Above median
Dividend yield (TTM) 2.9% · Above median
Debt / equity 0.01× · Lower than 75% of peers

Valuation Multiples vs Real Estate - Development median · lower = cheaper

P/E (TTM) 19.3× · Pricier than median
P/B 1.55× · Pricier than 75% of peers
P/S (TTM) 7.87× · Pricier than 75% of peers
P/FCF 0.2× · Cheaper than median
EV/EBITDA 16.8× · Pricier than median

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE19 · sector 48
FUTURE49 · sector 0
PAST33 · sector 9
HEALTH100 · sector 85
DIVIDEND58 · sector 55

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 19, 2026).

Stock Price Fair Value vs Fair Value
DLF Limited DLF ₹667.10 ₹170.24 -74%
Lodha Developers Limited LODHA ₹1,209 ₹583.43 -52%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,050 IDR 1,330 IDR -78%
PT Jaya Real Property, Tbk., JRPT 1,080 IDR 1,674 IDR +55%
PT Bumi Serpong Damai Tbk, BSDE 610.00 IDR 1,525 IDR +150%
PT Sentul City Tbk, BKSL 77.00 IDR 192.50 IDR +150%
PT Ciputra Development Tbk, CTRA 610.00 IDR 1,525 IDR +150%
PT Duta Pertiwi Tbk DUTI 4,300 IDR 6,239 IDR +45%
PT Puradelta Lestari Tbk DMAS 147.00 IDR 164.33 IDR +12%
Phat Dat Real Estate Development Corporation PDR 12,100 VND 4,943 VND -59%

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Frequently asked questions

Is CITADEL REALTY AND DEVELOPERS LTD. (CITADEL) overvalued or undervalued?
As of Aug 19, 2026, our model estimates a fair value of ₹30.86 versus a price of ₹34.60, about −11% (overvalued).
What is the fair value of CITADEL?
Our model-based fair value for CITADEL REALTY AND DEVELOPERS LTD. is ₹30.86 (as of Aug 19, 2026), built from audited fundamentals. The current price: ₹34.60.
What is the quality score of CITADEL?
CITADEL REALTY AND DEVELOPERS LTD. has a Quality Score of 59/100. 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 CITADEL REALTY AND DEVELOPERS LTD. (CITADEL)?
CITADEL REALTY AND DEVELOPERS LTD. reported trailing-twelve-month revenue of about ₹39.3M (latest available figure, as of Aug 19, 2026).
What is the net profit margin of CITADEL?
The net profit margin of CITADEL REALTY AND DEVELOPERS LTD. is about 38.4%, meaning it keeps roughly 38.4% of revenue as net income. Based on the latest reported figures.
Does CITADEL REALTY AND DEVELOPERS LTD. pay a dividend?
CITADEL REALTY AND DEVELOPERS LTD. currently shows a dividend yield of about 2.71% relative to its recent price (as of Aug 19, 2026).

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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