
About Ratnabhumi Developers Limited
Data last updated:
Ratnabhumi Developers Limited is a public limited company based in Daskroi, Gujarat, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 27 July 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L45200GJ2006PLC048776. Its GSTIN is 24AACCN3637P1Z5 (Gujarat). Its shares are listed on BSE: 540796.
The company has an authorised share capital of ₹14 Cr and a paid-up capital of ₹13.7 Cr. It was formerly known as Ratnabhumi Developers Private Limited and Navratna C G Road Properties Private Limited. It is led by directors including Kaivan Jitendrakumar Shah (Managing Director) and Rinni Kaivanbhai Shah (Whole-Time Director).
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Daskroi, Gujarat.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹61.45 Cr, a decline of 71.2% compared to the previous year. For the same year it recorded a net profit of ₹3.14 Cr (net margin 5.1%) and EBITDA of ₹18.07 Cr (EBITDA margin 29.4%). The net worth stands at ₹44.01 Cr (up 7.7% YoY). Total assets are valued at ₹165.14 Cr (up 2.6% YoY).
The company is associated with 1 brand: Ratna Group. As per MCA filings, the company has open charges of ₹219.25 Cr and satisfied charges of ₹198.77 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ratnagroup.co.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressRatna Corporate House, Near Santoor Bungalows, Daskroi, Gujarat, India – 380058
- IndustryReal Estate and Construction, Real Estate Builders & Developers
- 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
- One PDF report, delivered after checkout
Name History of Ratnabhumi Developers Limited
Ratnabhumi Developers has undergone 2 name changes throughout its history. The company was previously known as Ratnabhumi Developers Private Limited, and Navratna C G Road Properties Private Limited. The current legal name is Ratnabhumi Developers Limited.
| Company Name | Status |
|---|---|
| Ratnabhumi Developers Limited | Current |
| Ratnabhumi Developers Private Limited | Previous |
| Navratna C G Road Properties Private Limited | Previous |
CIN History of Ratnabhumi Developers Limited
Ratnabhumi Developers has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L45200GJ2006PLC048776, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L45200GJ2006PLC048776 | Current |
| U45200GJ2006PTC048776 | Previous |
| U45200GJ2006PLC048776 | Previous |
Associated Brands with Ratnabhumi Developers Limited
Ratnabhumi Developers operates one associated brand: Ratna Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of real estate and infrastructure development services | ratnagroup.co.in |
Competitors & Alternatives of Ratnabhumi Developers Limited
Brands and companies operating in the same space as Ratnabhumi Developers Limited include Godrej Properties, Vingroup, Lendlease and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
| | Residential and commercial properties are developed by Godrej Properties. | Mumbai, India | 1990 |
| | Real estate development and management services are offered by Vingroup. | Hanoi, Vietnam | 1993 |
| | Sustainable project development and maintenance services are provided worldwide. | Melbourne, Australia | 1958 |
| | Residential and commercial properties are developed and managed across regions. | Singapore | 1924 |
| | Residential and commercial real estate development is conducted by Sunac. | Shanghai, China | 2003 |
| | Developer of residential and commercial real estate properties | Mumbai, India | 1980 |
| | Real estate properties are developed in over 50 cities. | Shenzhen, China | 1984 |
| | Eiffage is engaged in construction, energy, and infrastructure concessions. | Paris, France | 1920 |
| | Real estate development and management services are provided globally. | Singapore | 1963 |
Business Activity of Ratnabhumi Developers Limited
The main business activity of Ratnabhumi Developers is real estate. In detail, this covers real estate activities with own or leased property.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Ratnabhumi Developers Limited
Ratnabhumi Developers Limited is audited by DJNV & Co for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| DJNV & Co | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Ratnabhumi Developers Limited
Ratnabhumi Developers has 5 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kaivan Jitendrakumar Shah | Managing Director | 01 Oct 2016 | 10 Years 0 Months | Current |
| Smit Sanjaykumar Shah Also directs: Ratnabhumi Techno Engg Private Limited, Idva Private Limited | Director | 29 Sep 2017 | 9 Years 0 Months | Current |
| Shaishav Amitbhai Shah Also directs: Ssu Ventures Private Limited | Director | 31 Jul 2017 | 9 Years 2 Months | Current |
| Rinni Kaivanbhai Shah Also directs: Raivat Projects LLP, Ratnabhumi Techno Engg Private Limited | Whole-Time Director | 16 Feb 2021 | 5 Years 7 Months | Current |
| Avaniben Rohit Sanghavi | Director | 07 Jun 2021 | 5 Years 3 Months | Current |
Financials of Ratnabhumi Developers Limited FY 2025-26 filings available
Ratnabhumi Developers Limited reported revenue of ₹61.45 Cr (down 71.2% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue 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 | 61.45 | 213 | 0.28 | 0.22 | 0.16 | 4.06 | 0.97 |
| Revenue growth | -71.2% | - | +27.3% | +37.5% | -96.1% | +318.6% | - |
| EBITDA | 18.07 | 19.94 | 15.56 | 6.94 | 2.29 | 1.01 | 0.60 |
| EBITDA margin | +29.4% | +9.3% | +5557.1% | +3154.6% | +1431.3% | +24.9% | +61.9% |
| Profit before tax | 4.06 | 5.32 | (0.04) | (0.22) | (0.30) | 1.06 | 0.55 |
| Net profit | 3.14 | 5.72 | 0.27 | 0.23 | 0.17 | 0.82 | 0.36 |
| Net profit margin | +5.1% | +2.7% | +96.4% | +104.6% | +106.3% | +20.2% | +37.1% |
| EPS (₹) | 2.29 | 4.18 | 0.19 | 0.17 | 0.12 | 0.60 | 0.26 |
| Balance sheet | |||||||
| Total assets | 165 | 161 | 229 | 144 | 76.51 | 35.25 | 34.38 |
| Net worth | 44.01 | 40.87 | 35.13 | 35.01 | 34.77 | 34.60 | 33.79 |
| Total debt | 121 | 120 | 194 | 109 | 41.64 | 0.56 | 0.50 |
| Cash & bank | 4.45 | 1.67 | 3.44 | 0.85 | 4.56 | 0.00 | 0.02 |
| Net working capital | 146 | 137 | 207 | 138 | 75.14 | 3.93 | 6.39 |
| Cash flow | |||||||
| Cash from operations | 12.25 | 89.81 | (49.05) | (59.56) | (63.95) | 3.30 | - |
| Cash from investing | 3.66 | (0.65) | (15.72) | (5.19) | 29.98 | (3.35) | - |
| Cash from financing | (13.49) | (88.55) | 65.64 | 60.38 | 38.52 | 0.03 | - |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 13.61 | 14.91 | 7.90 | 10.13 | 28.51 | 34.58 | 46.52 | 80.49 |
| Revenue growth (YoY) | -52.3% | -56.9% | -83.0% | -87.4% | -45.1% | - | - | - |
| Other income | 0.87 | 0.20 | 0.26 | 0.30 | 0.00 | 0.39 | 0.38 | 0.33 |
| EBITDA | 6.77 | 3.58 | 4.23 | 4.59 | 5.67 | 6.05 | 3.57 | 4.64 |
| EBITDA margin | +49.7% | +24.0% | +53.5% | +45.3% | +19.9% | +17.5% | +7.7% | +5.8% |
| Depreciation | 0.18 | 0.21 | 0.21 | 0.21 | 0.21 | 0.25 | 0.25 | 0.25 |
| Interest | 7.28 | 3.18 | 3.41 | 4.46 | 2.87 | 2.86 | 3.17 | 4.04 |
| Profit before tax | 0.18 | 0.39 | 0.87 | 0.22 | 2.59 | 3.33 | 0.53 | 0.68 |
| Tax | 0.06 | 0.10 | 0.27 | 0.06 | 0.64 | 0.81 | 0.08 | 0.25 |
| Net profit | 0.12 | 0.29 | 0.60 | 0.16 | 1.95 | 2.52 | 0.45 | 0.43 |
| EPS (₹) | 0.05 | 0.21 | 0.45 | 0.18 | 1.46 | 1.92 | 0.43 | 0.38 |
| 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 | 61.05 | 214 | 0.51 | 0.66 | 1.76 | 4.14 | 0.97 |
| Revenue growth | -71.5% | - | -22.7% | -62.5% | -57.5% | +326.8% | - |
| EBITDA | 17.93 | 21.57 | 15.80 | 7.38 | 2.72 | 1.09 | 0.60 |
| EBITDA margin | +29.4% | +10.1% | +3098.0% | +1118.2% | +154.6% | +26.3% | +61.9% |
| Profit before tax | 4.18 | 7.01 | 0.25 | 0.22 | 0.13 | 1.05 | 0.55 |
| Net profit | 3.12 | 5.70 | 0.33 | 0.23 | 1.34 | 0.81 | 0.36 |
| Net profit margin | +5.1% | +2.7% | +64.7% | +34.9% | +76.1% | +19.6% | +37.1% |
| EPS (₹) | 2.27 | 4.17 | 0.23 | 0.17 | 0.12 | 0.60 | 0.26 |
| Balance sheet | |||||||
| Total assets | 165 | 160 | 228 | 144 | 76.51 | 35.25 | 34.38 |
| Net worth | 44.00 | 40.88 | 35.17 | 35.01 | 34.77 | 34.60 | 33.79 |
| Total debt | 120 | 119 | 193 | 109 | 41.64 | 0.56 | 0.50 |
| Cash & bank | 4.44 | 1.66 | 3.44 | 0.85 | 4.56 | 0.00 | 0.02 |
| Net working capital | 145 | 136 | 207 | 138 | 75.14 | 3.93 | 6.39 |
| Cash flow | |||||||
| Cash from operations | 11.42 | 90.28 | (49.04) | (59.56) | (63.95) | 3.30 | (2.24) |
| Cash from investing | 1.26 | (0.98) | (15.43) | (5.19) | 29.98 | (3.35) | 2.02 |
| Cash from financing | (10.26) | (88.69) | 65.33 | 60.38 | 38.52 | 0.03 | 0.22 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 13.53 | 14.68 | 7.90 | 10.18 | 28.29 | 33.71 | 46.65 | 80.57 |
| Revenue growth (YoY) | -52.2% | -56.5% | -83.1% | -87.4% | -46.9% | - | - | - |
| Other income | 0.24 | 0.20 | 0.26 | 0.30 | 0.00 | 0.39 | 0.38 | 0.33 |
| Total expenses | 10.69 | 11.30 | 3.66 | 5.54 | 22.61 | 27.69 | 42.90 | 75.84 |
| EBITDA | 2.84 | 3.38 | 4.24 | 4.64 | 5.68 | 6.02 | 3.75 | 4.73 |
| EBITDA margin | +21.0% | +23.0% | +53.7% | +45.6% | +20.1% | +17.9% | +8.0% | +5.9% |
| Depreciation | 0.18 | 0.21 | 0.21 | 0.21 | 0.21 | 0.25 | 0.25 | 0.25 |
| Interest | 2.77 | 2.95 | 3.41 | 4.43 | 2.87 | 2.84 | 3.15 | 4.02 |
| Profit before tax | 0.13 | 0.42 | 0.88 | 0.30 | 2.60 | 3.32 | 0.73 | 0.79 |
| Tax | 0.05 | 0.11 | 0.27 | 0.05 | 0.64 | 0.81 | 0.08 | 0.25 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 13.61 | 14.91 | 7.90 | 10.13 | 28.51 | 34.58 | 46.52 | 80.49 |
| Revenue growth (YoY) | -52.3% | -56.9% | -83.0% | -87.4% | -45.1% | - | - | - |
| Other income | 0.87 | 0.20 | 0.26 | 0.30 | 0.00 | 0.39 | 0.38 | 0.33 |
| EBITDA | 6.77 | 3.58 | 4.23 | 4.59 | 5.67 | 6.05 | 3.57 | 4.64 |
| EBITDA margin | +49.7% | +24.0% | +53.5% | +45.3% | +19.9% | +17.5% | +7.7% | +5.8% |
| Depreciation | 0.18 | 0.21 | 0.21 | 0.21 | 0.21 | 0.25 | 0.25 | 0.25 |
| Interest | 7.28 | 3.18 | 3.41 | 4.46 | 2.87 | 2.86 | 3.17 | 4.04 |
| Profit before tax | 0.18 | 0.39 | 0.87 | 0.22 | 2.59 | 3.33 | 0.53 | 0.68 |
| Tax | 0.06 | 0.10 | 0.27 | 0.06 | 0.64 | 0.81 | 0.08 | 0.25 |
| Net profit | 0.12 | 0.29 | 0.60 | 0.16 | 1.95 | 2.52 | 0.45 | 0.43 |
| EPS (₹) | 0.05 | 0.21 | 0.45 | 0.18 | 1.46 | 1.92 | 0.43 | 0.38 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 61.45 | 213 | 0.28 | 0.22 | 0.16 | 4.06 | 0.97 |
| Revenue growth | -71.2% | - | +27.3% | +37.5% | -96.1% | +318.6% | - |
| Other income | 0.75 | 1.36 | 0.79 | 0.01 | 0.00 | 0.09 | 0.00 |
| Total expenses | 43.38 | 194 | (15.28) | (6.72) | (2.13) | 3.05 | 0.37 |
| Employee cost | 1.12 | 0.99 | 0.86 | 0.83 | 0.38 | 0.09 | 0.09 |
| EBITDA | 18.07 | 19.94 | 15.56 | 6.94 | 2.29 | 1.01 | 0.60 |
| EBITDA margin | +29.4% | +9.3% | +5557.1% | +3154.6% | +1431.3% | +24.9% | +61.9% |
| Depreciation | 0.84 | 1.01 | 0.79 | 0.13 | 0.03 | 0.01 | 0.02 |
| Interest | 13.92 | 14.97 | 15.60 | 7.04 | 2.56 | 0.03 | 0.03 |
| Profit before tax | 4.06 | 5.32 | (0.04) | (0.22) | (0.30) | 1.06 | 0.55 |
| Tax | 1.06 | 1.31 | (0.08) | (0.01) | (0.04) | 0.24 | 0.19 |
| Net profit | 3.14 | 5.72 | 0.27 | 0.23 | 0.17 | 0.82 | 0.36 |
| Net profit margin | +5.1% | +2.7% | +96.4% | +104.6% | +106.3% | +20.2% | +37.1% |
| EPS (₹) | 2.29 | 4.18 | 0.19 | 0.17 | 0.12 | 0.60 | 0.26 |
| 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 | 13.70 | 13.70 | 13.70 | 13.70 | 13.70 | 13.70 | 13.70 |
| Reserves & surplus | 30.31 | 27.17 | 21.43 | 21.31 | 21.07 | 20.90 | 20.09 |
| Shareholders' funds (net worth) | 44.01 | 40.87 | 35.13 | 35.01 | 34.77 | 34.60 | 33.79 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 71.80 | 46.25 | 107 | 47.27 | 7.67 | 0.56 | 0.50 |
| Unsecured loans | 49.21 | 73.69 | 86.71 | 61.79 | 33.97 | 0.00 | 0.00 |
| Total debt | 121 | 120 | 194 | 109 | 41.64 | 0.56 | 0.50 |
| Total liabilities | 165 | 161 | 229 | 144 | 76.51 | 35.25 | 34.38 |
| Assets | |||||||
| Gross block | 20.60 | 7.21 | 7.18 | 0.56 | 0.26 | 0.11 | 0.11 |
| Net block | 17.68 | 5.16 | 6.14 | 0.31 | 0.14 | 0.02 | 0.02 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 2.31 | 0.00 | 0.00 | 0.00 |
| Investments | 1.23 | 18.85 | 14.86 | 3.02 | 0.66 | 27.03 | 27.98 |
| Inventories | 169 | 174 | 299 | 211 | 88.10 | 3.79 | 6.25 |
| Sundry debtors | 0.16 | 1.29 | 0.14 | 0.14 | 0.16 | 0.15 | 0.15 |
| Cash & bank balances | 4.45 | 1.67 | 3.44 | 0.85 | 4.56 | 0.00 | 0.02 |
| Loans & advances | 1.25 | 1.82 | 21.08 | 2.21 | 4.33 | 0.08 | 0.04 |
| Total current assets | 175 | 178 | 323 | 214 | 97.15 | 4.02 | 6.46 |
| Total current liabilities | 29.19 | 41.81 | 117 | 75.77 | 22.01 | 0.09 | 0.07 |
| Net working capital | 146 | 137 | 207 | 138 | 75.14 | 3.93 | 6.39 |
| Total assets | 165 | 161 | 229 | 144 | 76.51 | 35.25 | 34.38 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 1.67 | 1.05 | 0.19 | 4.56 | 0.00 | 0.02 | - |
| Net cash from operating activities | 12.25 | 89.81 | (49.05) | (59.56) | (63.95) | 3.30 | - |
| Net cash from investing activities | 3.66 | (0.65) | (15.72) | (5.19) | 29.98 | (3.35) | - |
| Net cash from financing activities | (13.49) | (88.55) | 65.64 | 60.38 | 38.52 | 0.03 | - |
| Net change in cash | 2.42 | 0.62 | 0.87 | (4.37) | 4.55 | (0.01) | - |
| Closing cash | 4.45 | 1.67 | 3.44 | 0.85 | 4.56 | 0.00 | - |
| 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 | -71.2% | - | +27.3% | +37.5% | -96.1% | +318.6% | - |
| EBITDA growth | -9.4% | +28.2% | +124.2% | +203.1% | +126.7% | +68.3% | - |
| PBT growth | -23.7% | +9998.0% | +81.8% | +26.7% | - | +92.7% | +9997.0% |
| Net income growth | -45.1% | +2018.5% | +17.4% | +35.3% | -79.3% | +127.8% | - |
| Revenue CAGR (3Y) | +553.7% | +1000.9% | -59.0% | -39.0% | - | - | - |
| EBITDA CAGR (3Y) | +37.6% | +105.7% | +148.8% | +126.2% | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +4.9% | +1.9% | +14.3% | -95.5% | -162.5% | +20.2% | +37.1% |
| Return on capital employed | +11.0% | +10.4% | +8.3% | +6.2% | +4.0% | +3.1% | +1.7% |
| Return on net worth | +7.1% | +10.6% | +0.1% | -0.6% | -0.8% | +2.4% | +1.1% |
| Debt / equity | 2.84 | 4.12 | 4.31 | 2.16 | 0.61 | 0.02 | 0.01 |
| Long-term debt / equity | 2.67 | 3.99 | 4.21 | 2.16 | 0.61 | 0.02 | 0.01 |
| Interest cover | 80.79 | 79.08 | 105.62 | 103.38 | 113.27 | 3.00 | 5.17 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 4.42 | 29.67 | 0.07 | 0.54 | 0.86 | 36.91 | 8.82 |
| Inventory turnover | 0.36 | 0.90 | 0.00 | 0.00 | 0.00 | 0.81 | 0.16 |
| Debtors turnover | 84.76 | 298.56 | 2.00 | 1.47 | 1.03 | 27.07 | 6.47 |
| EPS (₹) | 2.29 | 4.18 | 0.19 | 0.17 | 0.12 | 0.60 | 0.26 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 32.12 | 29.83 | 25.65 | 25.55 | 25.38 | 25.26 | 24.66 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 13.53 | 14.68 | 7.90 | 10.18 | 28.29 | 33.71 | 46.65 | 80.57 |
| Revenue growth (YoY) | -52.2% | -56.5% | -83.1% | -87.4% | -46.9% | - | - | - |
| Other income | 0.24 | 0.20 | 0.26 | 0.30 | 0.00 | 0.39 | 0.38 | 0.33 |
| Total expenses | 10.69 | 11.30 | 3.66 | 5.54 | 22.61 | 27.69 | 42.90 | 75.84 |
| EBITDA | 2.84 | 3.38 | 4.24 | 4.64 | 5.68 | 6.02 | 3.75 | 4.73 |
| EBITDA margin | +21.0% | +23.0% | +53.7% | +45.6% | +20.1% | +17.9% | +8.0% | +5.9% |
| Depreciation | 0.18 | 0.21 | 0.21 | 0.21 | 0.21 | 0.25 | 0.25 | 0.25 |
| Interest | 2.77 | 2.95 | 3.41 | 4.43 | 2.87 | 2.84 | 3.15 | 4.02 |
| Profit before tax | 0.13 | 0.42 | 0.88 | 0.30 | 2.60 | 3.32 | 0.73 | 0.79 |
| Tax | 0.05 | 0.11 | 0.27 | 0.05 | 0.64 | 0.81 | 0.08 | 0.25 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 61.05 | 214 | 0.51 | 0.66 | 1.76 | 4.14 | 0.97 |
| Revenue growth | -71.5% | - | -22.7% | -62.5% | -57.5% | +326.8% | - |
| Other income | 0.75 | 1.34 | 0.79 | 0.01 | 0.00 | 0.00 | 0.00 |
| Total expenses | 43.12 | 193 | (15.29) | (6.72) | (0.96) | 3.05 | 0.37 |
| Employee cost | 1.12 | 0.99 | 0.86 | 0.83 | 0.38 | 0.09 | 0.09 |
| EBITDA | 17.93 | 21.57 | 15.80 | 7.38 | 2.72 | 1.09 | 0.60 |
| EBITDA margin | +29.4% | +10.1% | +3098.0% | +1118.2% | +154.6% | +26.3% | +61.9% |
| Depreciation | 0.84 | 1.01 | 0.79 | 0.13 | 0.03 | 0.01 | 0.02 |
| Interest | 13.66 | 14.89 | 15.55 | 7.04 | 2.56 | 0.03 | 0.03 |
| Profit before tax | 4.18 | 7.01 | 0.25 | 0.22 | 0.13 | 1.05 | 0.55 |
| Tax | 1.06 | 1.31 | (0.08) | (0.01) | (0.04) | 0.24 | 0.19 |
| Net profit | 3.12 | 5.70 | 0.33 | 0.23 | 1.34 | 0.81 | 0.36 |
| Net profit margin | +5.1% | +2.7% | +64.7% | +34.9% | +76.1% | +19.6% | +37.1% |
| EPS (₹) | 2.27 | 4.17 | 0.23 | 0.17 | 0.12 | 0.60 | 0.26 |
| 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 | 13.70 | 13.70 | 13.70 | 13.70 | 13.70 | 13.70 | 13.70 |
| Reserves & surplus | 30.30 | 27.18 | 21.47 | 21.31 | 21.07 | 20.90 | 20.09 |
| Shareholders' funds (net worth) | 44.00 | 40.88 | 35.17 | 35.01 | 34.77 | 34.60 | 33.79 |
| Secured loans | 71.81 | 43.72 | 104 | 47.27 | 7.67 | 0.56 | 0.50 |
| Unsecured loans | 48.61 | 75.65 | 89.36 | 61.79 | 33.97 | 0.00 | 0.00 |
| Total debt | 120 | 119 | 193 | 109 | 41.64 | 0.56 | 0.50 |
| Total liabilities | 165 | 160 | 228 | 144 | 76.51 | 35.25 | 34.38 |
| Assets | |||||||
| Gross block | 25.98 | 7.21 | 7.18 | 0.56 | 0.26 | 0.11 | 0.11 |
| Net block | 17.67 | 5.16 | 6.14 | 0.31 | 0.14 | 0.02 | 0.02 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 2.31 | 0.00 | 0.00 | 0.00 |
| Investments | 1.24 | 18.86 | 14.87 | 3.02 | 0.66 | 27.03 | 27.98 |
| Inventories | 169 | 174 | 299 | 211 | 88.10 | 3.79 | 6.25 |
| Sundry debtors | 0.14 | 0.14 | 0.14 | 0.14 | 0.16 | 0.15 | 0.15 |
| Cash & bank balances | 4.44 | 1.66 | 3.44 | 0.85 | 4.56 | 0.00 | 0.02 |
| Loans & advances | 1.24 | 1.72 | 21.05 | 2.21 | 4.33 | 0.08 | 0.04 |
| Total current assets | 175 | 177 | 323 | 214 | 97.15 | 4.02 | 6.46 |
| Total current liabilities | 29.77 | 40.95 | 117 | 75.77 | 22.01 | 0.09 | 0.07 |
| Net working capital | 145 | 136 | 207 | 138 | 75.14 | 3.93 | 6.39 |
| Total assets | 165 | 160 | 228 | 144 | 76.51 | 35.25 | 34.38 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 1.66 | 1.05 | 0.19 | 4.56 | 0.00 | 0.02 | 0.02 |
| Net cash from operating activities | 11.42 | 90.28 | (49.04) | (59.56) | (63.95) | 3.30 | (2.24) |
| Net cash from investing activities | 1.26 | (0.98) | (15.43) | (5.19) | 29.98 | (3.35) | 2.02 |
| Net cash from financing activities | (10.26) | (88.69) | 65.33 | 60.38 | 38.52 | 0.03 | 0.22 |
| Net change in cash | 2.42 | 0.61 | 0.86 | (4.37) | 4.55 | (0.01) | 0.00 |
| Closing cash | 4.44 | 1.66 | 3.44 | 0.85 | 4.56 | 0.00 | 0.02 |
| 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 | -71.5% | - | -22.7% | -62.5% | -57.5% | +326.8% | - |
| EBITDA growth | -16.9% | +36.5% | +114.1% | +171.3% | +149.5% | +81.7% | - |
| PBT growth | -40.4% | +2704.0% | +13.6% | +69.2% | -87.6% | +90.9% | +25.0% |
| Net income growth | -45.3% | +1627.3% | +43.5% | -82.8% | +65.4% | +125.0% | - |
| Revenue CAGR (3Y) | +352.3% | +395.6% | -50.2% | -12.1% | -3.9% | +91.5% | -52.8% |
| EBITDA CAGR (3Y) | +34.4% | +99.4% | +143.8% | +130.8% | +67.4% | +61.2% | -30.8% |
| Profitability & leverage | |||||||
| Net income margin | +5.1% | +2.7% | +64.7% | +34.9% | +9.7% | +19.6% | +37.1% |
| Return on capital employed | +11.0% | +11.3% | +8.5% | +6.6% | +6.9% | +3.1% | +1.7% |
| Return on net worth | +7.3% | +15.0% | +0.9% | +0.7% | +3.9% | +2.4% | +1.1% |
| Debt / equity | 2.82 | 4.11 | 4.31 | 2.16 | 0.61 | 0.02 | 0.01 |
| Long-term debt / equity | 2.66 | 3.99 | 4.21 | 2.16 | 0.61 | 0.02 | 0.01 |
| Interest cover | 79.93 | 72.42 | 103.60 | 97.10 | 95.17 | 2.78 | 5.17 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 3.68 | 29.77 | 0.13 | 1.61 | 9.51 | 37.64 | 8.82 |
| Inventory turnover | 0.36 | 0.91 | 0.00 | 0.00 | 0.04 | 0.82 | 0.16 |
| Debtors turnover | 436.07 | 1,530.00 | 3.64 | 4.40 | 11.35 | 27.60 | 6.47 |
| EPS (₹) | 2.27 | 4.17 | 0.23 | 0.17 | 0.12 | 0.60 | 0.26 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 32.12 | 29.84 | 25.68 | 25.55 | 25.38 | 25.26 | 24.66 |
Shareholding Pattern of Ratnabhumi Developers Limited
Shareholding for the quarter ended Mar 2026: promoters hold 73.60%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 26.40%.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | |
|---|---|---|---|---|
| Promoters | 73.60% | 73.60% | 73.60% | 73.60% |
| Public | 26.40% | 26.40% | 26.40% | 26.40% |
Charges & Borrowings of Ratnabhumi Developers Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 04 Jul 2026 | Indian Bank | ₹5.25 Cr | Open |
| 06 Oct 2025 | Others | ₹19 Cr | Open |
| 29 Aug 2025 | Sbicap Trustee Company Limited | ₹151 Cr | Open |
| 21 May 2025 | Others | ₹9 Cr | Open |
| 11 Mar 2025 | Others | ₹35 Cr | Open |
Total charge records: 14 View all charges
Employees and EPFO Compliance at Ratnabhumi Developers Limited
Employment history and EPFO contributions of people linked to Ratnabhumi Developers.
Employee and EPFO history
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GST Compliance of Ratnabhumi Developers Limited
Ratnabhumi Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCN3637P1Z5 | Gujarat | Active | 01 Jul 2017 |
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Credit Ratings, Litigation & Regulatory Alerts for Ratnabhumi Developers Limited
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MSME Payment Delays by Ratnabhumi Developers Limited
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Subsidiaries & Group Companies of Ratnabhumi Developers Limited
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MCA Filings & Documents of Ratnabhumi Developers Limited
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Recent Activity on Ratnabhumi Developers Limited
Frequently Asked Questions about Ratnabhumi Developers Limited
Ratnabhumi Developers is an active public limited company based in Daskroi, Gujarat, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 27 July 2006 (20+ years old) and is registered under CIN L45200GJ2006PLC048776. Listed on BSE: 540796.
Ratnabhumi Developers reported revenue of ₹61.45 Cr for FY 2025-26 (down 71.2% YoY) based on consolidated financials.
Ratnabhumi Developers has 5 current directors:
- Kaivan Jitendrakumar Shah - Managing Director
- Rinni Kaivanbhai Shah - Whole-Time Director
- Smit Sanjaykumar Shah - Director
- Shaishav Amitbhai Shah - Director
- Avaniben Rohit Sanghavi - Director
The GSTIN of Ratnabhumi Developers is 24AACCN3637P1Z5, registered in Gujarat.
The CIN (Corporate Identification Number) of Ratnabhumi Developers is L45200GJ2006PLC048776. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Ratnabhumi Developers is listed on BSE with code 540796.
Ratnabhumi Developers was incorporated on 27 July 2006, making it 20+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Ratnabhumi Developers can be reached through the website ratnagroup.co.in. Its registered office is in Daskroi, Gujarat, India.
The registered office of Ratnabhumi Developers is at Ratna Corporate House, Near Santoor Bungalows, Daskroi, Gujarat, India – 380058.