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Radhe Developers (India) Ltd (531273)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531273 NSE: Construction - Real Estate | Small Cap | Radhe Developers (I) Share Price
₹1.42 0.02 (1.43%)
As on 15-Sep'26 16:59
Radhe Developers (India) Ltd (531273)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531273 NSE: Construction - Real Estate | Small Cap | Radhe Developers (I) Share Price
₹1.42 0.02 (1.43%)
As on 15-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹77 Cr.
Current Price
₹1.4
52-Week Low / High
₹1 / 2
TTM EPS
₹-0
TTM Sales
₹5 Cr.
Book Value per Share
₹1.3
P/E Ratio
0.00
Lower than its 5-year historical median
Industry PE
43.4
Price to Book (P/B)
1.11
Lower than its 5-year historical median
Price to Sales (P/S)
15.49
Higher than its 5-year historical median
EV/EBITDA
-250.20
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
4.96%
Outperforms industry median
Return on Capital Employed (ROCE)
4.33%
Outperforms industry median
Return on Assets (ROA)
2.30%
Operating Profit Margin
44.9%
Net Profit Margin
29.2%
Gross Profit Margin
38.8%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
45.04%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
56.11%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
140%
Asset Quality
Promoter Holding
49.69%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹14 Cr.
Equity
₹54.9 Cr.
Face Value
₹1
All Time Low / High
₹0.01 / 18.00
Check Before You Invest
M-Cap below 100cr DeciZen not available
Is Radhe Developers (India) Ltd a good quality company?
Radhe Developers (India) Ltd is a quality company, based on a multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Radhe Developers (India) Ltd performance compare with that of its Peers?
Revenue growth of Radhe Developers (India) Ltd vs industry peers?
Radhe Developers (India) Ltd revenue CAGR is 65.68%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Radhe Developers (India) Ltd?
Promoters hold 49.69% of the Radhe Developers (India) Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Radhe Developers (India) Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 4.8% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Radhe Developers (India) Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 3.5% | 3.9% | 0.5% | -5.7% | -9.5% | 68.6% | 2.7% | -4.5% | 2.6% | 4.3% | - |
| Value Creation Index ⓘ | -0.8 | -0.7 | -1.0 | -1.4 | -1.7 | 3.9 | -0.8 | -1.3 | -0.8 | -0.7 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 5.5 | 10 | 10.7 | 3.9 | 0.9 | 43.6 | 14.3 | 6.8 | 7.7 | 11.1 | 5 |
| Sales YoY Gr. | - | 81% | 6.6% | -63.8% | -76.9% | 4,798.9% | -67.1% | -52.9% | 13.3% | 45% | - |
| Adj EPS ⓘ | 0 | 0 | -0 | -0 | -0.1 | 0.5 | 0.1 | -0.1 | 0 | 0.1 | -0 |
| YoY Gr. | - | -50% | -100% | NA | NA | NA | -72% | -164.3% | NA | 100% | - |
| BVPS (₹) ⓘ | 0.7 | 0.7 | 0.7 | 0.6 | 0.6 | 1.1 | 11 | 1 | 1.2 | 1.3 | 1.3 |
| Adj Net Profit ⓘ | 1 | 0.6 | -0.1 | -1.9 | -2.7 | 25.2 | 0.7 | -4.5 | 1.4 | 3.2 | -2 |
| Cash Flow from Ops. ⓘ | 2.8 | -2 | 5.3 | -0.1 | -0 | -8.4 | -9.1 | -18.7 | -0.8 | 2.9 | - |
| Debt/CF from Ops. ⓘ | 1.2 | -4.1 | 0 | -8.1 | -24.9 | -1.3 | -2.5 | -2.3 | -42.2 | 10.3 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 8.1% | 65.7% | -8.2% | 45% | ||||
| Adj EPS ⓘ | 13% | NA | -24.6% | 100% | ||||
| BVPSⓘ | 7.6% | 17.2% | -51.1% | 10.3% | ||||
| Share Price | 4.9% | -2.2% | -22.7% | -35.2% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 3.1 | 1.9 | -0.2 | -5.8 | -8.9 | 60.3 | 1.3 | -8.6 | 2.4 | 5 | -2.4 |
| Op. Profit Mgn % ⓘ | -4.3 | 11.2 | 5.8 | -34.8 | -246.8 | 75.2 | 10.1 | -41.2 | 41.7 | 44.9 | 5.4 |
| Net Profit Mgn % ⓘ | 18.6 | 6.4 | -0.5 | -49.4 | -308.2 | 57.9 | 5 | -67 | 17.6 | 29.2 | -33.2 |
| Debt to Equity ⓘ | 0.1 | 0.2 | 0 | 0 | 0 | 0.2 | 0.4 | 0.8 | 0.6 | 0.4 | - |
| Working Cap Days ⓘ | 3,962 | 2,137 | 1,981 | 5,298 | 23,004 | 633 | 2,745 | 6,889 | 6,504 | 4,486 | 1,231 |
| Cash Conv. Cycle ⓘ | 1,646 | 931 | 656 | 1,840 | 7,960 | 128 | 797 | 2,412 | 2,217 | 1,572 | 13 |
Valuation of Radhe Developers (I) - Standalone
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 5.52 | 9.99 | 10.65 | 3.86 | 0.89 | 43.60 | 14.34 | 6.76 | 7.66 | 11.11 |
| Operating Expenses ⓘ + | 5.78 | 8.88 | 10.03 | 5.21 | 3.33 | 10.83 | 12.90 | 9.69 | 4.47 | 6.12 |
| Operating Profit ⓘ | -0.26 | 1.10 | 0.62 | -1.34 | -2.44 | 32.77 | 1.44 | -2.92 | 3.19 | 4.98 |
| Operating Profit Margin (%) | -4.7% | 11.0% | 5.8% | -34.8% | -274.0% | 75.2% | 10.1% | -43.2% | 41.7% | 44.9% |
| Other Income ⓘ + | 2 | 1.03 | 0.15 | 0.01 | 0 | 0.02 | 0.99 | 0.02 | 0.03 | 0.14 |
| Interest ⓘ | 0.05 | 0.51 | 0.18 | 0.04 | 0.04 | 0.10 | 0.34 | 0.68 | 1.03 | 0.81 |
| Depreciation ⓘ | 0.44 | 0.59 | 0.58 | 0.59 | 0.56 | 0.36 | 0.51 | 0.97 | 0.74 | 0.88 |
| Profit Before Tax ⓘ | 1.26 | 1.04 | 0.01 | -1.97 | -3.04 | 32.34 | 1.59 | -4.55 | 1.45 | 3.43 |
| Tax ⓘ | 0.25 | 0.41 | 0.06 | -0.06 | -0.13 | 7.11 | 0.88 | 0.07 | 0.11 | 0.18 |
| Profit After Tax | 1.01 | 0.63 | -0.05 | -1.91 | -2.91 | 25.23 | 0.71 | -4.63 | 1.35 | 3.24 |
| PAT Margin (%) | 18.3% | 6.3% | -0.5% | -49.4% | -327.0% | 57.9% | 5.0% | -68.4% | 17.6% | 29.2% |
| Adjusted EPS (₹) | 0.0 | 0.0 | 0.0 | -0.0 | -0.1 | 0.5 | 0.1 | -0.1 | 0.0 | 0.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 33.42 | 34.06 | 34.01 | 32.11 | 29.20 | 54.44 | 55.16 | 50.55 | 60.53 | 70.19 | |
| Debt + | 2.70 | 5.30 | 0.13 | 1.10 | 0.27 | 10.29 | 22.20 | 41.02 | 33.40 | 28.30 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 1.99 | 1.72 | 0.61 | 0.59 | 0.85 | 1.37 | 3.83 | 3.23 | 2.23 | 1.98 | |
| Others Liabilities ⓘ | 23.24 | 22.46 | 24.44 | 25.82 | 27.43 | 32.38 | 44.59 | 44.92 | 44.90 | 40.44 | |
| Total Liabilities ⓘ | 61.35 | 63.54 | 59.20 | 59.63 | 57.74 | 98.48 | 125.78 | 139.72 | 141.06 | 140.92 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 3.83 | 3.26 | 2.69 | 3.04 | 1.43 | 2.88 | 5.10 | 3.41 | 2.76 | 5.42 | |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Investments ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Inventories | 26.07 | 26.38 | 20.63 | 19.63 | 19.63 | 23.06 | 42.89 | 49.57 | 51.25 | 52.77 | |
| Trade Receivables | 0.12 | 0.13 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.31 | 0 | 0 | |
| Cash Equivalents | 0.25 | 0.61 | 0.53 | 0.38 | 0.52 | 0.26 | 0.37 | 1.28 | 0.41 | 0.35 | |
| Others Assets ⓘ | 31.09 | 33.14 | 35.33 | 36.57 | 36.15 | 72.27 | 77.42 | 85.16 | 86.64 | 82.37 | |
| Total Assets ⓘ | 61.35 | 63.54 | 59.20 | 59.63 | 57.74 | 98.48 | 125.78 | 139.72 | 141.06 | 140.92 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 2.81 | -2 | 5.26 | -0.14 | -0.02 | -8.39 | -9.14 | -18.66 | -0.83 | 2.91 |
| Cash Flow From Investing Activity ⓘ + | -2.21 | -0.03 | -0 | -0.95 | 0.81 | -1.78 | -2.73 | 0.58 | -0.09 | -3.73 |
| Cash Flow From Financing Activity ⓘ | -1.06 | 2.29 | -5.34 | 0.93 | -0.65 | 9.90 | 11.98 | 18.98 | 0.04 | 0.79 |
| Net Proceeds from Shares ⓘ + | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8.56 | 6.41 |
| Net Cash Flow ⓘ | -0.47 | 0.26 | -0.09 | -0.15 | 0.15 | -0.26 | 0.11 | 0.90 | -0.87 | -0.03 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 3 | 1.88 | -0.16 | -5.77 | -9.5 | 60.33 | 1.3 | -8.75 | 2.42 | 4.96 |
| ROCE (%) | 3.52 | 3.92 | 0.5 | -5.73 | -9.52 | 68.56 | 2.69 | -4.53 | 2.63 | 4.33 |
| Asset Turnover Ratio | 0.09 | 0.16 | 0.17 | 0.07 | 0.02 | 0.56 | 0.13 | 0.05 | 0.05 | 0.08 |
| PAT to CFO Conversion(x) | 2.78 | -3.17 | N/A | N/A | N/A | -0.33 | -12.87 | N/A | -0.61 | 0.9 |
| Working Capital Days | ||||||||||
| Receivable Days | 106.70 | 4.60 | 2.50 | 0.90 | 2.10 | 0 | 0.10 | 8.50 | 0 | 0 |
| Inventory Days | 1,651.40 | 958.60 | 805.40 | 1,901.50 | 8,065.10 | 178.70 | 839.40 | 2,494.30 | 2,402.50 | 1,708.90 |
| Payable Days | 1,128.20 | 276 | 63.80 | 111.10 | 413.40 | 3,366.40 | 5,925.80 | -5,415.40 | -1,037.30 | -1,790.40 |
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Radhe Developers (India) Ltd FAQs
The current trading price of Radhe Developers (I) on 15-Sep-2026 16:59 is ₹1.42.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 14-Sep-2026 the market cap of Radhe Developers (I) stood at ₹76.84 Cr
The latest P/E ratio of Radhe Developers (I) as of 14-Sep-2026 is 0.00.
The latest P/B ratio of Radhe Developers (I) as of 14-Sep-2026 is 1.11.
The 52-week high of Radhe Developers (I) is ₹2.40 and the 52-week low is ₹1.16.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Radhe Developers (I) is ₹4.96 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Radhe Developers (India) Ltd is a below average quality company.
The key valuation ratios of Radhe Developers (India) Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Radhe Developers (India) Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Radhe Developers (India) Ltd
Radhe Developers was established in the year 1990. Ever since its inception the name Radhe stands for quality, craftsmanship and expertise. The seeds of this entity were sown in the name of C Patel & Co by a farsighted and visionary man Chunibhai C Patel, having 50 years of experience in the business of construction and supervision, with an objective of promoting, construction and developing residential and commercial complexes. The history began with the founding of Jash Development Corporation in 1974 in partnership of Prafulbhai C Patel having 47 years of experience for developing a commercial unit, which was then let out. In the year 1990 Radhe Construction was established followed by Radhe Organizers, Radhe Estate Developers, Radhe Associates, Radhe Consultancy and Radhe Developers India Ltd. Together they have developed or are in the process of developing elegant, innovative and practical residential and commercial projects. Radhe Developers (India) Limited's principal activity is to construct and develop residential and commercial complexes. The residential projects include Takshshila, Mandar Bungalows and Tirthbhumi. The commercial projects include Tulsi, Ganesh Plaza and Abhinav Arcade. The ongoing projects are Emerald Park and Olympus Mall. The company operates only in India.
On January 5, 2010 the Radhe Developers decided to raise funds by launching fixed deposits of the company. The board has approved the FD text. These funds would be used for the company's upcoming projects.
Ongoing Projects:
Emerald Park – A project of luxurious farmhouses
Olympus Mall – First time in Ahmedabad a revolutionary innovation in the era of mall
New Projects: 'Radhe Armaan' is a residential colony offering 6210 apartments of 675 sq ft each. It is located in the serene vicinity of Santej, only 8 km away from Ahmedabad. This FDI compliant scheme also offers all the essential amenities like school, hospital, shopping complex and other recreation facilities.
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