Keystone Realtors Ltd
Keystone Realtors Ltd operates in the real estate rental, development, and operations sector, generating revenue primarily through property development and management activities.
Business. Keystone Realtors Ltd (KEYS.NS) is a real estate company engaged in rental, development, and operations activities. The firm is listed on the National Stock Exchange of India under the ticker KEYS.NS. Specific details regarding operating segments, headquarters location, and geographic revenue mix are not available in the provided data. Consequently, the company is described at the industry level without further operational breakdown.
Analyst recommendations
3 analysts · consensus BuyAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
1Sector rotation
Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Company
- EarningsQ3 2026 earnings (expected)2026-08-28 · estimated
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
- Congressional trades
- CongressSusie Lee — Keysight Technologies Inc.2023-05-09 · Democrat · NV · Sale · $1,001 - $15,000
- CongressCindy Axne — Keysight Technologies Inc.2022-01-13 · IA · Purchase · $1,001 - $15,000
- CongressCindy Axne — Keysight Technologies Inc.2021-06-11 · IA · Purchase · $1,001 - $15,000
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Keystone Realtors Ltd (KEYS.NS) is a real estate company engaged in rental, development, and operations activities. The firm is listed on the National Stock Exchange of India under the ticker KEYS.NS. Specific details regarding operating segments, headquarters location, and geographic revenue mix are not available in the provided data. Consequently, the company is described at the industry level without further operational breakdown.
Keystone Realtors Ltd maintains a relatively strong liquidity position, with a current ratio of 1.69, indicating the company can cover its short-term liabilities with its short-term assets. However, the company's operating cash flow is negative at -113.9 million INR, which may signal short-term cash flow challenges. The company's free cash flow is positive at 1.82 billion INR, suggesting it can fund operations and potentially return value to shareholders.
Profitability metrics show a return on equity (ROE) of 6.2% and a return on assets (ROA) of 2.59%. These figures are below the industry median for real estate firms, which typically report ROE in the 8-10% range and ROA in the 3-4% range. The company's operating income margin is 10.1%, which is in line with the industry median of 10.0%.
The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic downturns or regulatory changes. The company's long-term debt is 9.3 billion INR, and its debt-to-equity ratio is 0.34, which is below the industry median of 0.50, indicating a conservative capital structure.
Looking ahead, the company is projected to grow revenue by 12.5% in the current fiscal year and 8.2% in the next fiscal year. This growth is driven by new property developments in urban centers and a stable demand for residential and commercial real estate. The company's capital expenditure is -193 million INR, suggesting a reduction in investment in new projects.
The company faces moderate liquidity risk due to its negative operating cash flow and a debt-to-equity ratio that, while low, could increase if new projects require additional financing. The risk assessment indicates a low dilution potential, with no significant share issuance expected in the near term. The company's risk profile is further supported by a strong equity base of 27.72 billion INR.
Recent filings and transcripts indicate that the company is focusing on expanding its portfolio in Tier 1 cities and improving operational efficiency. The company has also announced plans to enhance its digital platform to streamline property transactions and improve customer experience. These initiatives are expected to drive long-term growth and improve profitability.
- Keystone Realtors Ltd has a conservative capital structure with a debt-to-equity ratio of 0.34, below the industry median.
- The company's free cash flow of 1.82 billion INR supports operational flexibility and potential shareholder returns.
- Revenue growth is projected at 12.5% for the current fiscal year, driven by new property developments.
- The company's lack of geographic diversification increases exposure to regional economic risks.
- Analysts have a strong buy rating for the stock, with a mean price target of 692.33 INR.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Valuation
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 24,53 |
| Revenue | —no estimate | —no estimate | 29,6B INR |
| Operating income | —no estimate | —no estimate | 4,0B INR |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- Keystone Realtors Ltd Market data — financials · 2026-05-28
- Keystone Realtors Ltd Market data — analyst estimates · 2026-05-28
Ownership & reference
Top holders
- Investment Managers · as of 2026-03-310,60 %$1M
- Investment Managers · as of 2026-03-310,49 %$4M
- Investment Managers · as of 2026-03-310,27 %$418M
- Investment Managers · as of 2026-03-310,24 %$438M
- Institutional Investor · as of 2026-03-310,18 %$356M
- Investment Managers · as of 2026-03-310,15 %$225M
- Investment Managers · as of 2026-03-310,13 %$953M
- Funds · as of 2026-03-310,08 %$553M
- Institutional Investor · as of 2026-03-310,08 %$352M
- Investment Managers · as of 2026-03-310,08 %$1 304M
- Investment Managers · as of 2026-03-310,08 %$2 258M
- Investment Managers · as of 2026-03-310,07 %$550M
- Investment Managers · as of 2026-03-310,07 %$344M
- Investment Managers · as of 2025-12-310,06 %$4 374M
- Institutional Investor · as of 2022-09-300,06 %$0M
- Investment Managers · as of 2026-03-310,06 %$133M
- Investment Managers · as of 2024-06-300,05 %$2 350M
- Brokerage Firms · as of 2026-03-310,05 %$264M
- Investment Managers · as of 2024-12-310,05 %$184M
- Investment Managers · as of 2026-03-310,05 %$308M
- Institutional Investor · as of 2026-03-310,05 %$250M
- Institutional Investor · as of 2026-03-310,04 %$85M
- Investment Managers · as of 2026-03-310,03 %$526M
- Investment Managers · as of 2026-03-310,03 %$58M
- Investment Managers · as of 2026-03-310,03 %$233M
- Investment Managers · as of 2026-03-310,02 %$129M
- Brokerage Firms · as of 2026-03-310,02 %$73M
- Institutional Investor · as of 2026-03-310,02 %$333M
- Investment Managers · as of 2026-03-310,02 %$51M
- Investment Managers · as of 2026-03-310,01 %$16M
- Investment Managers · as of 2026-03-310,01 %$21M
- Investment Managers · as of 2026-03-310,01 %$17M
- Investment Managers · as of 2026-03-310,00 %$17M
- Investment Managers · as of 2026-03-310,00 %$9M
- Investment Managers · as of 2026-03-310,00 %$4M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
Leadership
- Satish DhanasekaranPresident, Chief Executive Officer, Director
Insider activity
- SVP · Common StockOther 1 474 · 2026-07-06
- SVP · Common StockSold 2 000 @ $340,87$682K · 2026-06-30
- Director, President and CEO · Common StockSold 507 @ $361,32$183K · 2026-06-25
- Director · Common StockSold 3 000 @ $346,58$1,0M · 2026-06-02
- SVP · Common StockOther 136 @ $355,74$48K · 2026-05-26
- Director, President and CEO · Common StockOther 500 @ $340,48$170K · 2026-05-18
- Director · Common StockSold 870 @ $275,78$240K · 2026-03-30
- EVP and CFO · Common StockSold 2 000 @ $298,37$597K · 2026-03-24
- SVP and Secretary · Common StockSold 2 000 @ $297,19$594K · 2026-03-24
- Director, President and CEO · Common StockSold 1 667 @ $300,00$500K · 2026-03-24
- Director · Common StockOther 870 · 2026-03-20
- Director · Common StockOther 870 · 2026-03-20
- Director · Common StockOther 870 · 2026-03-20
- Director · Common StockOther 870 · 2026-03-20
- Director · Common StockOther 870 · 2026-03-20
- Director · Common StockOther 870 · 2026-03-20
- Director · Common StockOther 870 · 2026-03-20
- Director · Common StockOther 870 · 2026-03-20
- Director · Common StockOther 870 · 2026-03-20
- Director, President and CEO · Common StockSold 1 667 @ $290,00$483K · 2026-03-19
- Director · Common StockSold 30 000 @ $285,96$8,6M · 2026-03-17
- SVP · Common StockSold 1 000 @ $304,42$304K · 2026-02-27
- SVP · Common StockSold 2 000 @ $237,68$475K · 2026-02-20
- Director · Common StockOther 5 012 @ $206,35$1,0M · 2026-01-12
- SVP · Common StockSold 889 @ $206,66$184K · 2025-12-30
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- Total liabilities (YoY) (2026-01-31 vs 2025-01-31): 25.6%Derived (calculated)
- Shareholders' equity (YoY) (2026-01-31 vs 2025-01-31): 19.6%Derived (calculated)
- Debt-to-equity (FY 2026-01-31): 0.85xDerived (calculated)
- Total assets (YoY) (2026-01-31 vs 2025-01-31): 22.3%Derived (calculated)
- Current ratio (FY 2026-01-31): 2.60xDerived (calculated)
- Long-term debt (YoY) (2026-01-31 vs 2025-01-31): 41.6%Derived (calculated)
- Cash & equivalents (YoY) (2026-01-31 vs 2025-01-31): 5.7%Derived (calculated)
- Total liabilities (annual): USD 5.28BSEC XBRL filing
- Long-term debt (annual): USD 2.53BSEC XBRL filing
- Current assets (annual): USD 4.7BSEC XBRL filing
- Current liabilities (annual): USD 1.8BSEC XBRL filing
- Total assets (annual): USD 11.48BSEC XBRL filing
- Shareholders' equity (annual): USD 6.21BSEC XBRL filing
- Cash & equivalents (annual): USD 2.18BSEC XBRL filing
- Net income (YoY) (2025-10-31 vs 2024-10-31): 38.4%Derived (calculated)
- Net margin (FY 2025-10-31): 15.8%Derived (calculated)
- Capex (YoY) (2025-10-31 vs 2024-10-31): -16.9%Derived (calculated)
- Cost of revenue (YoY) (2025-10-31 vs 2024-10-31): 10.4%Derived (calculated)
- EPS (basic) (YoY) (2025-10-31 vs 2024-10-31): 39.7%Derived (calculated)
- EPS (diluted) (YoY) (2025-10-31 vs 2024-10-31): 39.9%Derived (calculated)
- Operating cash flow (YoY) (2025-10-31 vs 2024-10-31): 33.9%Derived (calculated)
- Operating income (YoY) (2025-10-31 vs 2024-10-31): 5.2%Derived (calculated)
- R&D expense (YoY) (2025-10-31 vs 2024-10-31): 9.6%Derived (calculated)
- Revenue (YoY) (2025-10-31 vs 2024-10-31): 8.0%Derived (calculated)