Ratnabhumi Developers Ltd (RATNABHUMI) Share Price & Fundamentals

What we do

Ratnabhumi Developers Ltd is a real estate developer engaged in constructing residential and commercial buildings and providing related renting services mainly in Ahmedabad, Gujarat.

Founded in

2,006

Market share

A recognized player in Ahmedabad's real estate sector with multiple projects under the 'Turquoise' brand.

Problem solved

Provides quality residential and commercial spaces addressing urban housing and office space demand in emerging Ahmedabad localities.

Top clients or who we serve

B2B and B2C customers including corporate clients for rentals and individuals for buying residential and commercial properties.

Key management

Mr. Kaivan Shah (Chairman & Managing Director) and Mrs. Rinni Shah (Executive Director and CFO)

Our journey and innovations

Started in 2006, rebranded and went public in 2017; launched multiple projects under 'Turquoise' brand; acquired Ratnabhumi Techno Engg Pvt Ltd in 2023.

Where we operate

Primarily Ahmedabad, Gujarat, India.

Top products or what we offer

'Turquoise' branded residential and commercial real estate projects including Turquoise Greenz, Dreamz, and Grandeure.

Top brands

Turquoise Greenz, Turquoise Dreamz, Turquoise Grandeure - flagship residential and commercial projects with growing market presence.

Raw materials needed

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Raw materials supplier

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Recurring vs cyclical contribution

Revenue mainly from property sales (one-time) plus recurring rental income, balancing cyclical and steady cash flows.

Our industry position

Emerging mid-sized real estate developer with expanding project portfolio in Ahmedabad region.

Financial highlights

Revenue Rs.213.47 Cr, PAT Rs.5.73 Cr for FY 2024-25 showing strong growth from previous year.

Geographical revenue split

Primarily domestic revenue from Ahmedabad region.

Order book

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Whats driving growth

New project launches in developing Ahmedabad localities, strong sales, and rental income growth.

Our future plans

Expansion through new projects under 'Turquoise' brand and consolidation via subsidiary acquisitions.

Our green promise

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Our people and values

Committed leadership with focus on governance, compliance, and corporate ethics.

Key challenges ahead

Real estate market fluctuations, regulatory changes, and funding environment risks.

Interesting facts

Converted from Private to Public Company in 2017; multiple generational leadership transitions; IPO raised Rs.23.31 Cr.

Risks and strategy

Mitigates real estate market risks via project diversification and corporate governance; pursues growth in promising Ahmedabad suburbs.