Ratnabhumi Developers Limited (RATNABHUMI) fair value: what the stock is really worth
As of Oct 19, 2026: fair value (intrinsic value) of Ratnabhumi Developers Limited stock ₹25.45, price ₹170, upside -85.0%, quality 43 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 4, 2026.
How to read this chart
60‑month range ₹40.05 – ₹310.00 · fair‑value band ₹24.68 – ₹27.67 · the ₹170.00 price screens above the ₹25.45 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 4, 2026.
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Ratnabhumi Developers Limited, a real estate company, engages in the development and construction of real estate properties in India. It is involved in the construction of buildings and other construction related services, as well as renting services.
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The company was incorporated in 2006 and is based in Ahmedabad, India.
Stock analysis
Ratnabhumi Developers Limited (RATNABHUMI) currently trades at ₹170.00, while our model-based Fair Value estimate is ₹25.45, 85.0% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of ₹80.24 per share, and 1 of the 7 models we run sit above the ₹170.00 price.
Bear case: the Asset-Based group reads lowest at ₹17.93, and 6 of the 7 models stay below the price. Data coverage for this calculation is low.
Scenario range: ₹24.68 (bear) to ₹27.67 (bull), the price of ₹170.00 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 43/100 (below-average quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Ratnabhumi Developers Limited reported revenue of ₹615M in FY2025 versus ₹1.6M in FY2021, a compound +343.4%/yr. Reported net income was ₹31.4M in FY2025, compounding +107.8%/yr from FY2021.
Key figures
Market cap ₹2.3B (≈ $24.6M) Micro · P/E ratio 197.7 · P/S ratio 5.00 · EPS (TTM) ₹0.8600 · Net margin 2.6% · Return on equity 7.4% · Return on assets (EBIT) 5.6% · Operating margin 48.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (medium confidence).
What moves the price
The share trades about 45% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −10% fair-value upside, at −85%, RATNABHUMI screens richer than that median.
Fair Value models
Bear₹24.68Fair Value ₹25.45Bull₹27.67
Price ₹170.00 · Upside -85.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (₹0.6927 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.44/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+1,003.2%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+194.1%
Revenue growth 8 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+48.1%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
≈ +77.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+77.0%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.54.2% vs 9.0%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.24% → 28%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Rate on operating basis: 2025 sits 1,087% above its own trend.
Compare Ratnabhumi Developers Limited with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Real Estate Services · 526 stocks
Beats the industry median on 2/12 measures
Overall it trails its industry peers.
Valuation
Quality Score43 · Bottom 25%
Fair Value upside−85.0% · Bottom 25%
Profitability
Return on equity (12 months)7.4% · Above median
Return on assets1.6% · Below median
Net margin (12 months)2.6% · Below median
Operating margin (12 months)48.4% · Above median
Growth and dividend
Revenue growth (quarter YoY)−52.3% · Bottom 25%
Balance sheet
Debt / equity2.44× · Highest 25%
Valuation Multiplesvs Real Estate Services median · lower = cheaper
P/E (12 months)197.7× · Priciest 25%
P/B5.29× · Priciest 25%
P/S (12 months)5.00× · Pricier than median
EV/EBITDA17.5× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 46
FUTURE (revenue growth)0· sector 17
PAST (return on equity)30· sector 17
HEALTH (low debt)0· sector 83
DIVIDEND (yield)0· sector 64
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Ratnabhumi Developers Limited (RATNABHUMI) overvalued or undervalued?
As of Oct 4, 2026, our model estimates a fair value of ₹25.45 versus a price of ₹170.00, about −85% upside (overvalued).
What is the fair value of RATNABHUMI?
Our model-based fair value for Ratnabhumi Developers Limited is ₹25.45 (as of Oct 4, 2026), built from audited fundamentals. The current price: ₹170.00.
What is the quality score of RATNABHUMI?
Ratnabhumi Developers Limited has a Quality Score of 43/100. 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 price target for Ratnabhumi Developers Limited (RATNABHUMI)?
Our model-based price target is the fair value of ₹25.45 (as of Oct 4, 2026) from 7 valuation models. Cautious scenario ₹24.68, optimistic scenario ₹27.67. It is a calculation from audited fundamentals, not an analyst target.
What is the Ratnabhumi Developers Limited stock forecast for 2026?
Our models put fair value at ₹25.45, about −85% upside versus a price of ₹170.00 (overvalued). Cautious scenario ₹24.68, optimistic scenario ₹27.67. The calculation is refreshed regularly with new filings.
What is the revenue of Ratnabhumi Developers Limited (RATNABHUMI)?
Ratnabhumi Developers Limited reported trailing-twelve-month revenue of about ₹466M (latest available figure, as of Oct 4, 2026).
What is the intrinsic value of Ratnabhumi Developers Limited (RATNABHUMI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ratnabhumi Developers Limited it is ₹25.45 per share (as of Oct 4, 2026), against a price of ₹170.00. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is Ratnabhumi Developers Limited stock overvalued or undervalued in 2026?
As of Oct 4, 2026, RATNABHUMI trades above its calculated fair value: price ₹170.00, fair value ₹25.45, a gap of about −85% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of RATNABHUMI?
No. The price is what the market pays today (₹170.00); the fair value is what the company's own numbers justify (₹25.45). For Ratnabhumi Developers Limited the two are ₹144.55 per share apart. That gap is exactly why we show both numbers side by side.
How much is Ratnabhumi Developers Limited worth?
The market values Ratnabhumi Developers Limited at about ₹2.3B (market capitalisation, as of Oct 4, 2026). Per share that is ₹170.00; our models calculate a fair value of ₹25.45 per share.
What do the bullish and bearish scenarios say about RATNABHUMI?
Our models span a range for Ratnabhumi Developers Limited: cautious scenario ₹24.68, base ₹25.45, optimistic ₹27.67 per share (as of Oct 4, 2026, price ₹170.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of RATNABHUMI?
Ratnabhumi Developers Limited trades at a price-to-earnings ratio of 197.7 (as of Oct 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹25.45 is built from several models across several years. Other multiples: P/B 5.3, P/S 5.0, EV/EBITDA 17.5.
How solid is the balance sheet of Ratnabhumi Developers Limited (RATNABHUMI)?
Balance-sheet figures for Ratnabhumi Developers Limited (as of Oct 4, 2026): return on equity 7.4%, debt of 2.44 per unit of equity. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is RATNABHUMI from its 52-week high?
Ratnabhumi Developers Limited trades at ₹170.00, about 45% below its 52-week high of ₹310.00 and 2% above the low of ₹166.25 (as of Oct 19, 2026). Distance from the high says nothing about value: that is what the fair value of ₹25.45 is for.
Which stocks are comparable to Ratnabhumi Developers Limited?
From the same area (Real Estate) we also value CBRE Group, KE Holdings, Swire Properties Limited, Cellnex Telecom, S.A, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Ratnabhumi Developers Limited stock attractive at the current price?
The data as of Oct 4, 2026: price ₹170.00, calculated fair value ₹25.45 (−85%), Quality Score 43/100, from 7 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of RATNABHUMI calculated?
We run Ratnabhumi Developers Limited through 7 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹25.45, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.8 % above its aggregate fair value. Ratnabhumi Developers Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Ratnabhumi Developers Limited (RATNABHUMI)?
The closing price on Oct 19, 2026 was ₹170.00. Our model-based fair value is ₹25.45, about −85% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ratnabhumi Developers Limited right now?
The price sits above even our optimistic bull case (₹27.67). The favourable scenario is already priced in. Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. The models converge in a tight band (₹24.68 to ₹27.67), unusually little disagreement for a valuation.
Key figures of Ratnabhumi Developers Limited
How large is the market capitalisation of Ratnabhumi Developers Limited (RATNABHUMI)?
The market capitalisation of Ratnabhumi Developers Limited is ₹2.3B (≈ $24.6M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Ratnabhumi Developers Limited (RATNABHUMI)?
The price-to-sales ratio of Ratnabhumi Developers Limited is 5.00 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Ratnabhumi Developers Limited (RATNABHUMI)?
Earnings per share at Ratnabhumi Developers Limited are ₹0.8600 (price ÷ EPS = P/E 197.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Ratnabhumi Developers Limited (RATNABHUMI)?
The net margin of Ratnabhumi Developers Limited is 2.6% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Ratnabhumi Developers Limited (RATNABHUMI)?
The return on equity (ROE) of Ratnabhumi Developers Limited is 7.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Ratnabhumi Developers Limited (RATNABHUMI)?
On an EBIT basis the return on assets of Ratnabhumi Developers Limited is 5.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Ratnabhumi Developers Limited (RATNABHUMI)?
The operating margin of Ratnabhumi Developers Limited is 48.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ratnabhumi Developers Limited (RATNABHUMI)?
Revenue at Ratnabhumi Developers Limited is growing −52.3% versus a year earlier (3y avg +557%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Ratnabhumi Developers Limited (RATNABHUMI)?
Earnings per share at Ratnabhumi Developers Limited are growing −96.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Ratnabhumi Developers Limited (RATNABHUMI) generate?
The free cash flow of Ratnabhumi Developers Limited is −₹11.1M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Ratnabhumi Developers Limited (RATNABHUMI) carry?
The net debt of Ratnabhumi Developers Limited is ₹1.1B (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Oct 4, 2026