India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,608 Chetan Ramniklal Shah & family ₹1,200 Cr
Market Cap
₹27.33 Cr
CITADEL · BSE
Share Price
₹32.00
+5.37% today
Revenue
₹3.93 Cr
FY 2025-26 · +11.0% YoY
EBITDA
₹3.63 Cr
Margin 92.4%
Net Profit
₹1.51 Cr
FY 2025-26 · +29.1% YoY
P/E (TTM)
18.5x
P/B 1.5x
ROE
8.3%
ROCE 9.2%
Debt / Equity
0.83
Interest cover 42.1x
About Citadel Realty and Developers Limited
Data last updated:
Citadel Realty and Developers Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 26 July 1960 and has been in existence for over 66 years.
Its director Chetan Ramniklal Shah and family are #1,608 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L21010MH1960PLC011764. Its GSTIN is 27AAACR5066J1Z6 (Maharashtra). It is a listed company as per MCA records. Its shares are listed on BSE: 502445.
The company has an authorised share capital of ₹23 Cr and a paid-up capital of ₹9 Cr. It was formerly known as Rohit Pulp and Paper Mills Limited. It is led by directors including Parmeet Mayur Shah (Whole-Time Director) and Chetan Ramniklal Shah.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Futurex N.M. Joshi Marg Lower Parel West, Mumbai, Maharashtra, India – 400013.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹3.93 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net profit of ₹1.51 Cr (net margin 38.4%) and EBITDA of ₹3.63 Cr (EBITDA margin 92.4%). The net worth stands at ₹19.98 Cr (up 22.7% YoY). Total assets are valued at ₹41.29 Cr (up 8.7% YoY).
The company is associated with 1 brand: Citadel Realty & Developers. As per MCA filings, the company has satisfied charges of ₹30 Cr on record. Court records list 54 cases involving the company, including 25 filed by the company and 29 filed against it; 2 cases are pending. The company has 22 deals on record (21 market trades, 1 acquisition); the latest was in August 2024. Its 7 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings) are compared by revenue, 3 larger and 4 smaller; the largest is Konstruct Realty India Private Limited with revenue of ₹3.54 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website citadelrealty.in.
Company details
CIN L21010MH1960PLC011764
Registration Number 011764
Incorporation Date 26 July 1960
ROC Mumbai
Listing Status Listed - Listed on BSE (502445)
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
Key People
Parmeet Mayur Shah Whole-Time Director Chetan Ramniklal Shah Director Nilesh Dhankumar Dand Director Recognitions & Rankings of Citadel Realty and Developers
Contact details
Citadel Realty and Developers Limited's registered office is in Mumbai, Maharashtra. Its website is citadelrealty.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressFuturex N.M. Joshi Marg Lower Parel West, Mumbai, Maharashtra, India – 400013
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Citadel Realty and Developers Limited, buy the company report.
Comprehensive company report
Citadel Realty and Developers Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Brands
Citadel Realty and Developers operates one associated brand: Citadel Realty & Developers. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Residential properties are developed by Citadel Realty & Developers. | citadelrealty.in |
Business activity
The main business activity of Citadel Realty and Developers is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Citadel Realty and Developers Limited, buy the company report.
Financials of Citadel Realty and Developers Limited
FY 2025-26 filings availableCitadel Realty and Developers Limited reported revenue of ₹3.93 Cr (up 11% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹3.93 Cr
+11.0% YoY
EBITDA
₹3.63 Cr
+14.9% YoY
Profit After Tax
₹1.51 Cr
+29.1% YoY
Net Worth
₹19.98 Cr
+22.7% YoY
Total Assets
₹41.29 Cr
+8.7% YoY
Total Debt
₹14.80 Cr
-2.6% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 3.93 | 3.54 | 3.17 | 2.82 | 2.52 | 2.25 | 2.05 |
| Revenue growth | +11.0% | +11.7% | +12.4% | +11.9% | +12.0% | +9.8% | - |
| EBITDA | 3.63 | 3.16 | 2.90 | 2.54 | 2.30 | 2.01 | 1.69 |
| EBITDA margin | +92.4% | +89.3% | +91.5% | +90.1% | +91.3% | +89.3% | +82.4% |
| Profit before tax | 2.10 | 1.57 | 1.52 | 1.36 | 0.56 | 0.48 | 0.32 |
| Net profit | 1.51 | 1.17 | 1.14 | 1.02 | 0.43 | 0.35 | 0.56 |
| Net profit margin | +38.4% | +33.1% | +36.0% | +36.2% | +17.1% | +15.6% | +27.3% |
| EPS (₹) | 1.67 | 1.40 | 1.45 | 1.30 | 0.55 | 0.44 | 0.70 |
| Balance sheet | |||||||
| Total assets | 41.29 | 37.97 | 34.68 | 31.53 | 28.89 | 26.36 | 24.23 |
| Net worth | 19.98 | 16.29 | 12.18 | 11.03 | 10.01 | 9.58 | 9.23 |
| Total debt | 14.80 | 15.19 | 15.93 | 13.58 | 18.78 | 16.68 | 14.90 |
| Cash & bank | 0.08 | 0.07 | 0.06 | 0.14 | 0.06 | 0.06 | 0.09 |
| Net working capital | 38.76 | 35.67 | 32.17 | 28.92 | 26.14 | 23.58 | 21.40 |
| Cash flow | |||||||
| Cash from operations | 1.30 | 1.37 | (0.71) | (0.33) | (0.31) | (0.26) | (0.82) |
| Cash from investing | (0.04) | 0.02 | 3.17 | 2.82 | 2.48 | 2.24 | 1.79 |
| Cash from financing | (1.29) | (1.36) | (2.55) | (2.41) | (2.16) | (2.00) | (0.95) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.08 | 0.96 | 0.99 | 0.99 | 0.99 | 0.87 | 0.89 | 0.89 |
| Revenue growth (YoY) | +9.1% | +10.3% | +11.2% | +11.2% | +12.5% | - | - | - |
| Other income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 1.04 | 0.89 | 0.91 | 0.92 | 0.92 | 0.72 | 0.83 | 0.76 |
| EBITDA margin | +96.3% | +92.7% | +91.9% | +92.9% | +92.9% | +82.8% | +93.3% | +85.4% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.38 | 0.35 | 0.40 | 0.39 | 0.39 | 0.37 | 0.39 | 0.42 |
| Profit before tax | 0.66 | 0.54 | 0.51 | 0.53 | 0.53 | 0.35 | 0.44 | 0.34 |
| Tax | 0.19 | 0.16 | 0.14 | 0.17 | 0.14 | 0.09 | 0.11 | 0.10 |
| Net profit | 0.47 | 0.38 | 0.37 | 0.36 | 0.39 | 0.26 | 0.33 | 0.24 |
| EPS (₹) | 0.53 | 0.41 | 0.44 | 0.44 | 0.48 | 0.33 | 0.42 | 0.31 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 3.93 | 3.54 | 3.17 | 2.82 | 2.52 | 2.25 | 2.05 |
| Revenue growth | +11.0% | +11.7% | +12.4% | +11.9% | +12.0% | +9.8% | - |
| EBITDA | 3.63 | 3.16 | 2.90 | 2.54 | 2.30 | 2.01 | 1.69 |
| EBITDA margin | +92.4% | +89.3% | +91.5% | +90.1% | +91.3% | +89.3% | +82.4% |
| Profit before tax | 2.11 | 1.58 | 1.53 | 1.39 | 0.57 | 0.62 | 0.56 |
| Net profit | 1.51 | 1.17 | 1.13 | 1.02 | 0.40 | 0.48 | 0.54 |
| Net profit margin | +38.4% | +33.1% | +35.7% | +36.2% | +15.9% | +21.3% | +26.3% |
| EPS (₹) | 1.68 | 1.41 | 1.44 | 1.30 | 0.51 | 0.61 | 0.68 |
| Balance sheet | |||||||
| Total assets | 41.14 | 37.81 | 34.52 | 31.38 | 28.73 | 26.23 | 23.97 |
| Net worth | 19.82 | 16.13 | 12.02 | 10.88 | 9.85 | 9.45 | 8.97 |
| Total debt | 14.80 | 15.19 | 15.93 | 13.58 | 18.78 | 16.68 | 14.90 |
| Cash & bank | 0.08 | 0.07 | 0.06 | 0.14 | 0.06 | 0.06 | 0.09 |
| Net working capital | 38.76 | 35.67 | 32.17 | 28.92 | 26.14 | 23.58 | 21.40 |
| Cash flow | |||||||
| Cash from operations | 1.30 | 1.37 | (0.70) | (0.30) | (0.34) | (0.13) | (0.82) |
| Cash from investing | (0.04) | 0.02 | 3.16 | 2.79 | 2.51 | 2.11 | 1.79 |
| Cash from financing | (1.29) | (1.36) | (2.55) | (2.41) | (2.16) | (2.00) | (0.95) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.08 | 0.96 | 0.99 | 0.99 | 0.99 | 0.87 | 0.89 | 0.89 |
| Revenue growth (YoY) | +9.1% | +10.3% | +11.2% | +11.2% | +12.5% | - | - | - |
| Other income | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total expenses | 0.04 | 0.07 | 0.08 | 0.07 | 0.07 | 0.15 | 0.06 | 0.13 |
| EBITDA | 1.04 | 0.89 | 0.91 | 0.92 | 0.92 | 0.72 | 0.83 | 0.76 |
| EBITDA margin | +96.3% | +92.7% | +91.9% | +92.9% | +92.9% | +82.8% | +93.3% | +85.4% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.38 | 0.35 | 0.40 | 0.39 | 0.39 | 0.37 | 0.39 | 0.42 |
| Profit before tax | 0.66 | 0.54 | 0.51 | 0.54 | 0.53 | 0.35 | 0.44 | 0.34 |
| Tax | 0.19 | 0.16 | 0.14 | 0.17 | 0.14 | 0.09 | 0.11 | 0.10 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 22 Oct 2026
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.08 | 0.96 | 0.99 | 0.99 | 0.99 | 0.87 | 0.89 | 0.89 |
| Revenue growth (YoY) | +9.1% | +10.3% | +11.2% | +11.2% | +12.5% | - | - | - |
| Other income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 1.04 | 0.89 | 0.91 | 0.92 | 0.92 | 0.72 | 0.83 | 0.76 |
| EBITDA margin | +96.3% | +92.7% | +91.9% | +92.9% | +92.9% | +82.8% | +93.3% | +85.4% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.38 | 0.35 | 0.40 | 0.39 | 0.39 | 0.37 | 0.39 | 0.42 |
| Profit before tax | 0.66 | 0.54 | 0.51 | 0.53 | 0.53 | 0.35 | 0.44 | 0.34 |
| Tax | 0.19 | 0.16 | 0.14 | 0.17 | 0.14 | 0.09 | 0.11 | 0.10 |
| Net profit | 0.47 | 0.38 | 0.37 | 0.36 | 0.39 | 0.26 | 0.33 | 0.24 |
| EPS (₹) | 0.53 | 0.41 | 0.44 | 0.44 | 0.48 | 0.33 | 0.42 | 0.31 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 3.93 | 3.54 | 3.17 | 2.82 | 2.52 | 2.25 | 2.05 |
| Revenue growth | +11.0% | +11.7% | +12.4% | +11.9% | +12.0% | +9.8% | - |
| Other income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total expenses | 0.30 | 0.38 | 0.27 | 0.28 | 0.22 | 0.24 | 0.36 |
| Employee cost | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 3.63 | 3.16 | 2.90 | 2.54 | 2.30 | 2.01 | 1.69 |
| EBITDA margin | +92.4% | +89.3% | +91.5% | +90.1% | +91.3% | +89.3% | +82.4% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 1.53 | 1.59 | 1.38 | 1.18 | 1.74 | 1.53 | 1.37 |
| Profit before tax | 2.10 | 1.57 | 1.52 | 1.36 | 0.56 | 0.48 | 0.32 |
| Tax | 0.60 | 0.41 | 0.40 | 0.37 | 0.17 | 0.14 | 0.02 |
| Net profit | 1.51 | 1.17 | 1.14 | 1.02 | 0.43 | 0.35 | 0.56 |
| Net profit margin | +38.4% | +33.1% | +36.0% | +36.2% | +17.1% | +15.6% | +27.3% |
| EPS (₹) | 1.67 | 1.40 | 1.45 | 1.30 | 0.55 | 0.44 | 0.70 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 9.00 | 8.31 | 7.89 | 7.89 | 7.89 | 7.89 | 7.89 |
| Reserves & surplus | 10.98 | 7.11 | 4.29 | 3.14 | 2.12 | 1.69 | 1.34 |
| Shareholders' funds (net worth) | 19.98 | 16.29 | 12.18 | 11.03 | 10.01 | 9.58 | 9.23 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 14.80 | 15.19 | 15.93 | 13.58 | 18.78 | 16.68 | 14.90 |
| Total debt | 14.80 | 15.19 | 15.93 | 13.58 | 18.78 | 16.68 | 14.90 |
| Total liabilities | 41.29 | 37.97 | 34.68 | 31.53 | 28.89 | 26.36 | 24.23 |
| Assets | |||||||
| Gross block | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net block | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.94 | 0.94 | 0.93 | 0.91 | 0.88 | 0.84 | 0.83 |
| Inventories | 2.70 | 2.70 | 2.70 | 2.70 | 2.70 | 2.70 | 2.70 |
| Sundry debtors | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash & bank balances | 0.08 | 0.07 | 0.06 | 0.14 | 0.06 | 0.06 | 0.09 |
| Loans & advances | 36.23 | 33.24 | 29.63 | 26.45 | 23.65 | 21.13 | 18.88 |
| Total current assets | 39.01 | 36.01 | 32.39 | 29.29 | 26.41 | 23.89 | 21.67 |
| Total current liabilities | 0.25 | 0.34 | 0.22 | 0.37 | 0.27 | 0.31 | 0.27 |
| Net working capital | 38.76 | 35.67 | 32.17 | 28.92 | 26.14 | 23.58 | 21.40 |
| Total assets | 41.29 | 37.97 | 34.68 | 31.53 | 28.89 | 26.36 | 24.23 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.03 | 0.00 | 0.09 | 0.01 | 0.01 | 0.03 | 0.01 |
| Net cash from operating activities | 1.30 | 1.37 | (0.71) | (0.33) | (0.31) | (0.26) | (0.82) |
| Net cash from investing activities | (0.04) | 0.02 | 3.17 | 2.82 | 2.48 | 2.24 | 1.79 |
| Net cash from financing activities | (1.29) | (1.36) | (2.55) | (2.41) | (2.16) | (2.00) | (0.95) |
| Net change in cash | (0.03) | 0.03 | (0.09) | 0.08 | 0.00 | (0.02) | 0.02 |
| Closing cash | 0.08 | 0.07 | 0.06 | 0.14 | 0.06 | 0.06 | 0.09 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +11.0% | +11.7% | +12.4% | +11.9% | +12.0% | +9.8% | - |
| EBITDA growth | +14.9% | +9.0% | +14.2% | +10.4% | +14.4% | +18.9% | - |
| PBT growth | +33.8% | +3.3% | +11.8% | +142.9% | +16.7% | +50.0% | -11.1% |
| Net income growth | +29.1% | +2.6% | +11.8% | +137.2% | +22.9% | -37.5% | - |
| Revenue CAGR (3Y) | +11.7% | +12.0% | +12.1% | +11.2% | +4.0% | +16.6% | -38.4% |
| EBITDA CAGR (3Y) | +12.6% | +11.2% | +13.0% | +14.6% | +7.5% | +58.0% | -30.4% |
| Profitability & leverage | |||||||
| Net income margin | +38.2% | +32.8% | +35.3% | +35.1% | +15.5% | +15.1% | +14.6% |
| Return on capital employed | +9.2% | +8.7% | +8.8% | +8.2% | +7.9% | +7.4% | +6.7% |
| Return on net worth | +8.3% | +8.2% | +9.7% | +8.8% | +3.5% | +3.0% | +2.6% |
| Debt / equity | 0.83 | 1.09 | 1.27 | 1.54 | 1.81 | 1.68 | 1.54 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 42.15 | 50.32 | 47.59 | 46.46 | 75.65 | 76.12 | 81.07 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventory turnover | 1.46 | 1.31 | 1.17 | 1.04 | 0.93 | 0.83 | 0.76 |
| Debtors turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EPS (₹) | 1.67 | 1.40 | 1.45 | 1.30 | 0.55 | 0.44 | 0.70 |
| Dividend per share (₹) | 0.50 | 0.50 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 22.20 | 18.56 | 15.44 | 13.98 | 12.69 | 12.14 | 11.69 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.08 | 0.96 | 0.99 | 0.99 | 0.99 | 0.87 | 0.89 | 0.89 |
| Revenue growth (YoY) | +9.1% | +10.3% | +11.2% | +11.2% | +12.5% | - | - | - |
| Other income | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total expenses | 0.04 | 0.07 | 0.08 | 0.07 | 0.07 | 0.15 | 0.06 | 0.13 |
| EBITDA | 1.04 | 0.89 | 0.91 | 0.92 | 0.92 | 0.72 | 0.83 | 0.76 |
| EBITDA margin | +96.3% | +92.7% | +91.9% | +92.9% | +92.9% | +82.8% | +93.3% | +85.4% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.38 | 0.35 | 0.40 | 0.39 | 0.39 | 0.37 | 0.39 | 0.42 |
| Profit before tax | 0.66 | 0.54 | 0.51 | 0.54 | 0.53 | 0.35 | 0.44 | 0.34 |
| Tax | 0.19 | 0.16 | 0.14 | 0.17 | 0.14 | 0.09 | 0.11 | 0.10 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 3.93 | 3.54 | 3.17 | 2.82 | 2.52 | 2.25 | 2.05 |
| Revenue growth | +11.0% | +11.7% | +12.4% | +11.9% | +12.0% | +9.8% | - |
| Other income | 0.01 | 0.01 | 0.01 | 0.03 | 0.01 | 0.14 | 0.24 |
| Total expenses | 0.30 | 0.38 | 0.27 | 0.28 | 0.22 | 0.24 | 0.36 |
| Employee cost | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 3.63 | 3.16 | 2.90 | 2.54 | 2.30 | 2.01 | 1.69 |
| EBITDA margin | +92.4% | +89.3% | +91.5% | +90.1% | +91.3% | +89.3% | +82.4% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 1.53 | 1.59 | 1.38 | 1.18 | 1.74 | 1.53 | 1.37 |
| Profit before tax | 2.11 | 1.58 | 1.53 | 1.39 | 0.57 | 0.62 | 0.56 |
| Tax | 0.60 | 0.41 | 0.40 | 0.37 | 0.17 | 0.14 | 0.02 |
| Net profit | 1.51 | 1.17 | 1.13 | 1.02 | 0.40 | 0.48 | 0.54 |
| Net profit margin | +38.4% | +33.1% | +35.7% | +36.2% | +15.9% | +21.3% | +26.3% |
| EPS (₹) | 1.68 | 1.41 | 1.44 | 1.30 | 0.51 | 0.61 | 0.68 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 9.00 | 8.31 | 7.89 | 7.89 | 7.89 | 7.89 | 7.89 |
| Reserves & surplus | 10.82 | 6.95 | 4.13 | 2.99 | 1.96 | 1.56 | 1.08 |
| Shareholders' funds (net worth) | 19.82 | 16.13 | 12.02 | 10.88 | 9.85 | 9.45 | 8.97 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 14.80 | 15.19 | 15.93 | 13.58 | 18.78 | 16.68 | 14.90 |
| Total debt | 14.80 | 15.19 | 15.93 | 13.58 | 18.78 | 16.68 | 14.90 |
| Total liabilities | 41.14 | 37.81 | 34.52 | 31.38 | 28.73 | 26.23 | 23.97 |
| Assets | |||||||
| Gross block | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net block | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.79 | 0.78 | 0.77 | 0.76 | 0.72 | 0.71 | 0.57 |
| Inventories | 2.70 | 2.70 | 2.70 | 2.70 | 2.70 | 2.70 | 2.70 |
| Sundry debtors | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash & bank balances | 0.08 | 0.07 | 0.06 | 0.14 | 0.06 | 0.06 | 0.09 |
| Loans & advances | 36.23 | 33.24 | 29.63 | 26.45 | 23.65 | 21.13 | 18.88 |
| Total current assets | 39.01 | 36.01 | 32.39 | 29.29 | 26.41 | 23.89 | 21.67 |
| Total current liabilities | 0.25 | 0.34 | 0.22 | 0.37 | 0.27 | 0.31 | 0.27 |
| Net working capital | 38.76 | 35.67 | 32.17 | 28.92 | 26.14 | 23.58 | 21.40 |
| Total assets | 41.14 | 37.81 | 34.52 | 31.38 | 28.73 | 26.23 | 23.97 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.03 | 0.00 | 0.09 | 0.01 | 0.01 | 0.03 | 0.01 |
| Net cash from operating activities | 1.30 | 1.37 | (0.70) | (0.30) | (0.34) | (0.13) | (0.82) |
| Net cash from investing activities | (0.04) | 0.02 | 3.16 | 2.79 | 2.51 | 2.11 | 1.79 |
| Net cash from financing activities | (1.29) | (1.36) | (2.55) | (2.41) | (2.16) | (2.00) | (0.95) |
| Net change in cash | (0.03) | 0.03 | (0.09) | 0.08 | 0.00 | (0.02) | 0.02 |
| Closing cash | 0.08 | 0.07 | 0.06 | 0.14 | 0.06 | 0.06 | 0.09 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +11.0% | +11.7% | +12.4% | +11.9% | +12.0% | +9.8% | - |
| EBITDA growth | +14.9% | +9.0% | +14.2% | +10.4% | +14.4% | +18.9% | - |
| PBT growth | +33.5% | +3.3% | +10.1% | +143.9% | -8.1% | +10.7% | -5.1% |
| Net income growth | +29.1% | +3.5% | +10.8% | +155.0% | -16.7% | -11.1% | - |
| Revenue CAGR (3Y) | +11.7% | +12.0% | +12.1% | +11.2% | +4.0% | +16.6% | -38.4% |
| EBITDA CAGR (3Y) | +12.6% | +11.2% | +13.0% | +14.6% | +7.5% | +59.0% | -30.4% |
| Profitability & leverage | |||||||
| Net income margin | +38.4% | +33.1% | +35.7% | +36.2% | +15.9% | +21.3% | +26.3% |
| Return on capital employed | +9.2% | +8.8% | +8.8% | +8.4% | +8.0% | +7.9% | +7.6% |
| Return on net worth | +8.4% | +8.3% | +9.8% | +9.2% | +3.6% | +4.3% | +4.7% |
| Debt / equity | 0.83 | 1.11 | 1.29 | 1.56 | 1.84 | 1.71 | 1.58 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 42.15 | 50.32 | 47.59 | 46.46 | 75.65 | 76.12 | 81.07 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventory turnover | 1.46 | 1.31 | 1.17 | 1.04 | 0.93 | 0.83 | 0.76 |
| Debtors turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EPS (₹) | 1.68 | 1.41 | 1.44 | 1.30 | 0.51 | 0.61 | 0.68 |
| Dividend per share (₹) | 0.50 | 0.50 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 22.02 | 18.36 | 15.23 | 13.78 | 12.48 | 11.97 | 11.36 |
To see the full year-wise statements and ratios of Citadel Realty and Developers Limited, buy the company report.
Board of directors of Citadel Realty and Developers Limited
Citadel Realty and Developers has 6 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chetan Ramniklal Shah Also directs: Marathon Construction LLP, Marathon Buildcon LLP, Matrix Green Housing and Commercial Developers LLP and 5 more | Director | 14 Jan 2010 | 16 Years 9 Months | Current |
| Nilesh Dhankumar Dand Also directs: Terrapolis Assets Private Limited, Shree S S Infra Developers Private Limited, Marathon Realty Private Limited and 5 more | Director | 29 Mar 2007 | 19 Years 6 Months | Current |
| Sonal Mayur Shah | Director | 25 Mar 2015 | 11 Years 6 Months | Current |
| Devendra Jashwantrai Shrimanker | Director | 29 May 2017 | 9 Years 4 Months | Current |
| Parmeet Mayur Shah Also directs: Ixoxi Equip-Hire LLP, Ixoxi Construction LLP, Marathon Energy Private Limited and 5 more | Whole-Time Director | 30 May 2024 | 2 Years 4 Months | Current |
| Yamini Anish Shah | Director | 13 Aug 2024 | 2 Years 2 Months | Current |
Peer comparison
Citadel Realty and Developers Limited is compared with the 7 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Citadel Realty and Developers Limitedthis company | ₹3.93 Cr (FY 2026) | ₹1.51 Cr | 38.4% | 11.0% | Mumbai, Maharashtra, India | |
| Konstruct Realty India Private Limited | ₹3.54 Cr (FY 2025) | 92.0% | Hyderabad, Telangana, India | |||
| Shirke Constructions Private Limited | ₹3.54 Cr (FY 2024) | -30.0% | Mumbai, Maharashtra, India | |||
| Spacebuilt Construction Private Limited | ₹3.54 Cr (FY 2019) | 73.0% | Bangalore, Karnataka, India | |||
| Shree Omsainath Infratech Private Limited | ₹3.54 Cr (FY 2020) | -65.0% | New Delhi, Delhi, India | |||
| Asanjo Infrastructure Limited | ₹3.54 Cr (FY 2019) | -7.0% | Surat, Gujarat, India | |||
| Suvidha Realtorsandconstructions Private Limited | ₹3.54 Cr (FY 2025) | 6.0% | Lamington Road, Hubli, Karnataka, India | |||
| Chathamkulam Projects and Developers Private Limited | ₹3.54 Cr (FY 2024) | 23.0% | Palakkad, Kerala, India |
To see the full peer comparison of Citadel Realty and Developers Limited, buy the company report.
Auditor
Citadel Realty and Developers Limited is audited by Bipin B. Shah & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Bipin B. Shah & Co | FY 2023 | 101511W |
Shareholding
Shareholding for the quarter ended Mar 2026: promoters hold 66.70%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 33.30%.
Mar 2026
QUARTER
66.70% Promoters
33.30% Retail & Others
Promoter holding - history
Now 66.70% · Mar 2026High 66.70% · Jun 2025Low 66.70% · Jun 2025
Shareholding trend - last 6 quarters
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | |
|---|---|---|---|---|
| Promoters | 66.70% | 66.70% | 66.70% | 66.70% |
| Public | 33.30% | 33.30% | 33.30% | 33.30% |
Charges & borrowings
Open charges
None
Satisfied charges
₹30 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Dec 2014 | 10539189 | Icici Bank Limited | ₹30 Cr | Satisfied |
To see the full charge records of Citadel Realty and Developers Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Citadel Realty and Developers Limited has 22 deals on record (21 market trades, 1 acquisition); the latest was in August 2024.
Total deals
22
Market trades
21
Acquisition
1
Deals on record (5 of 22)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2024 | Market trade | ₹42.4 Lakh | Buyer: Multiplier Share and Stock Advisors Private Limited , Amit Jasani Financial Services Private Limited Seller: Mahendra Anandji Chheda Huf, Multiplier Share and Stock Advisors Private Limited |
| Nov 2022 | Market trade | ₹15.3 Lakh | Buyer: an individual Seller: Gandhi Securities and Investment Private Limited |
| Mar 2021 | Market trade | ₹8.6 Lakh | Buyer: an individual Seller: Cosmos Prime Projects Limited |
| Mar 2018 | Market trade | ₹12.46 Cr | Buyer: Marathon Realty Private Limited , 2 individuals Seller: 2 individuals |
| Mar 2018 | Market trade | ₹8.05 Cr | Buyer: Marathon Realty Private Limited Seller: an individual |
To see the full deal history of Citadel Realty and Developers Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Citadel Realty and Developers Limited has 54 court cases on record: 25 filed by Citadel Realty and Developers, 29 filed against it. 2 cases are pending and 52 are disposed.
Total cases
54
Filed by the company
25
Filed against the company
29
Pending
2
Disposed
52
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 30 | 17 | 2 |
| District courts | 21 | 11 | 0 |
| Supreme Court | 3 | 1 | 0 |
Cases on record (5 of 54)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Court case (AO) | Filed by the company against Payal Properties Pvt.Ltd. and 3 others | Disposed |
| Bombay High Court | Court case (CAF) | Filed against the company by Employees State Insurance Corporation | Pending |
| Bombay High Court | Writ petition | Filed against the company by an individual | Pending |
| District court, Valsad, Gujarat | Court case (RECO33C1 LC) | Filed against the company by an individual | Disposed |
| Bombay High Court | Tax appeal | Filed against the company by The Principal Commissioner of Income Tax-6 | Disposed |
To see the full case history of Citadel Realty and Developers Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Citadel Realty and Developers Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Citadel Realty and Developers has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Associated companies
GST
Citadel Realty and Developers has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACR5066J1Z6 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Citadel Realty and Developers Limited, buy the company report.
Recent activity
Citadel Realty and Developers Limited has 28 board changes on record since 1960: 17 appointments and 11 cessations. The latest: Veeraraghavan Ranganathan ceased to be Director on 26 Sep 2024.
Filing
Citadel Realty And Developers Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
AGM
Citadel Realty And Developers Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Ceased
Veeraraghavan Ranganathan ceased to be Director.
Appointed
Yamini Anish Shah was appointed as Director.
Appointed
Parmeet Mayur Shah was appointed as Whole-Time Director.
Ceased
Sundaram Ramamurthi ceased to be CEO.
Ceased
Kiran Vasant Bangera ceased to be Company Secretary.
Appointed
Kiran Vasant Bangera was appointed as Company Secretary.
Charges
A charge registered on 30 Dec 2014 via Charge ID 10539189 with Icici Bank Limited was fully satisfied on 21 Aug 2019.
Appointed
Devendra Jashwantrai Shrimanker was appointed as Director.
Ceased
Nagarajan Vaidyanath ceased to be Director Appointed In Casual Vacancy.
Appointed
Nagarajan Vaidyanath was appointed as Director Appointed In Casual Vacancy.
21 earlier events are in the company report.
News
Frequently asked questions
Citadel Realty and Developers is an active public limited company based in Mumbai, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 26 July 1960 (66+ years old) and is registered under CIN L21010MH1960PLC011764. Listed on BSE: 502445.
Citadel Realty and Developers reported revenue of ₹3.93 Cr for FY 2025-26 (up 11% YoY) based on consolidated financials.
Citadel Realty and Developers has 6 current directors:
- Parmeet Mayur Shah - Whole-Time Director
- Chetan Ramniklal Shah - Director
- Nilesh Dhankumar Dand - Director
- Sonal Mayur Shah - Director
- Devendra Jashwantrai Shrimanker - Director
- Yamini Anish Shah - Director
The latest financial statements of Citadel Realty and Developers on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Citadel Realty and Developers is 27AAACR5066J1Z6, registered in Maharashtra.
The CIN (Corporate Identification Number) of Citadel Realty and Developers is L21010MH1960PLC011764. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Citadel Realty and Developers is a listed company as per MCA records. Its shares are listed on BSE (code: 502445).
Citadel Realty and Developers has 54 court cases on record: 25 filed by the company and 29 filed against it. 2 are pending. Most are in the high courts.
Citadel Realty and Developers was incorporated on 26 July 1960, making it 66+ years old. It is registered with the Registrar of Companies, Mumbai.
Citadel Realty and Developers has 22 deals on record (21 market trades, 1 acquisition); the latest was in August 2024.
The peers of Citadel Realty and Developers by revenue are Konstruct Realty India Private Limited, Shirke Constructions Private Limited, Spacebuilt Construction Private Limited, Shree Omsainath Infratech Private Limited, Asanjo Infrastructure Limited and 2 more, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).