Keystone Realtors share price today

Keystone Realtors Ltd's share price was ₹359.50 at the close on 4 November 2026. It has been falling for 52 weeks. That is 12.5% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹337 and ₹553, and at that close it sat 10% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Keystone Realtors Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 1 week in a row.

Over the last 3.9 years the share price moved −37% while the NIFTY 500 moved +37%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Two changes stood out: profit grew again in the June 2026 quarter and best operating margin in 12 quarters.

1. Profit grew again in the June 2026 quarter

   Profit was ₹52 crore, +225% on a year earlier (₹16 crore), after 4 quarters of decline.

   Why: Profit rose because more revenue came from current projects instead of older legacy projects, which lifted margins.

   Next results: check whether profit keeps rising as older legacy projects shrink and margins improve each quarter.

   From the earnings call on 4 Aug 2026.

2. Best operating margin in 12 quarters

   Operating margin was 17% in the June 2026 quarter, against 4.3% a year earlier.

   Why: Operating margin rose because more revenue came from current projects instead of older legacy projects, which carry lower profit.

   Next results: check whether the margin keeps improving each quarter as older legacy work runs out.

   From the earnings call on 4 Aug 2026.

For April to June 2026 (the quarter ended 30 June 2026), Keystone Realtors reported revenue of ₹470 crore, up 72.2% from ₹273 crore a year earlier, and a profit of ₹52.0 crore, up 225.0% from ₹16.0 crore.

Keystone Realtors results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Keystone Realtors' management discussed these results on a call held on 4 August 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Keystone Realtors closed at ₹359.50 on 4 November 2026, down 35.0% from ₹553.00 a year earlier (7 November 2025) and down 33.7% over three years. Its highest weekly close since November 2022 was ₹770.25 on 23 August 2024.

Keystone Realtors share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

211 weekly closes from 25 November 2022 to 4 November 2026.

4 Nov 2026: Keystone Realtors closed at ₹359.50, up 6.4% on the week and down 0.5% on the month. 4 Aug 2026: Keystone Realtors held its results call for April to June 2026. Management guided: FY27 operating cash flow of ₹1,000 crore remains intact; improvement starts in Q2 with a more noticeable step-up in Q3 and Q4.

Earlier

• Results for April to June 2026: Revenue up 72.2% and profit up 225.0% on a year earlier.

Keystone Realtors paid no dividend in the 12 months to 5 November 2026. The last was a dividend of ₹1.50 a share, ex-date 23 May 2025.

Keystone Realtors dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Not in its latest year. Keystone Realtors Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 1 of its last 7 reported years, so there is a history but no current dividend.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 4 August 2026, Keystone Realtors' management guided: FY27 operating cash flow of ₹1,000 crore remains intact; improvement starts in Q2 with a more noticeable step-up in Q3 and Q4.

“The Rs. 1,000 crore guidance remains intact.”Sajal Gupta, on the call for April to June 2026

What management guided

• FY27 MMR launch pipeline across Urbania, Avinash Towers, 28 HQ, Ozone Sky, GTB Nagar, Dindoshi and Omnagar estimated at ₹8,000 crore GDV.
• GTB Nagar planned this quarter or early next; Dindoshi expected within FY27, possibly by next quarter.
• FY27 revenue mix expected at 15% legacy and 85% current projects; legacy should be the final year and margins improve quarter by quarter.
• Old completed-project-method pool: almost 95% recognized in FY27; from FY28, almost 98% of revenue under percentage-of-completion.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 4 August 2026.

When Keystone Realtors reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: GTB Nagar and Dindoshi approvals converting into launches on the stated timetable.

Keystone Realtors is on 2 of our India lists: 52 week high & low and Real estate, REIT & cement.

Keystone Realtors Ltd earned ₹52.0 Cr of net profit in the Jun 2026 quarter, +225.0% on the same quarter a year earlier. Full-year FY26 profit was ₹95.0 Cr. Over 6 years profit has grown 37.6% a year on average. That is 11.1% of the quarter's revenue. The same quarter a year earlier earned ₹16.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹95.0 Cr (−49.5% on the year before).

Why profit moved: revenue changed +72.2% on a year earlier and the margin moved +12.7 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +13.1% and revenue +49.0%. Profit is growing slower than sales: rising costs are taking part of the growth.

Keystone Realtors Ltd reported ₹470 Cr of revenue in the Jun 2026 quarter, +72.2% on the same quarter a year earlier. That is the 2nd quarter in a row with growth on the year before. Over 6 years it has grown 13.8% a year on average. The last full year, FY26, came in at ₹2,635 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹2,831 Cr.

FY26 revenue was ₹2,635 Cr, +31.5% on the year before.

Recent pace: the last four quarters grew +49.0% on average, against 13.8% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +52.6%, against +9.2% a year over the last 8 quarters (accelerating); profit over the last 12 months grew −26.8%, against +20.6% a year (rolling over).

Keystone Realtors Ltd's operating margin was 17.0% in the Jun 2026 quarter, 12.7 percentage points higher than the same quarter a year ago. Across 7 years it has been between 4.6% and 15.0%. The latest quarter is above every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +13.2 percentage points on the year while gross margin changed +0.9 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Over the last 3 years Keystone Realtors Ltd's operations used more cash than they brought in, so cash conversion was −86%, a gap worth watching. In FY26 its operations used ₹509 Cr of cash, against ₹95.0 Cr of profit. After ₹9.0 Cr of spending on assets, free cash was −₹518 Cr: it spent more than its operations brought in.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason.

What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building.

Keystone Realtors Ltd's customer, stock and supplier day counts come out in the thousands of days on sales this small (₹2,635 Cr in FY26), so no cash-cycle chart is drawn and this section looks at its spending on assets instead. It spent ₹365 Cr on assets over the last 3 years.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Averaged over those years that is 4.6% of FY26 revenue a year.

Spending on assets: ₹365 Cr over the last 3 years, against ₹38.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹0.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Keystone Realtors Ltd's P/E is 38.6×, near the low end of its own history: it has been lower only 9% of the time. Its usual P/E (the middle reading) is 51.5×, over 3.9 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Why the multiple is where it is: over the past year earnings per share moved −54.2% while the price moved −35.0%. The price did better than earnings, which pushed the multiple up within its own range.

Where the price move came from: over 3 years the price moved −12.8% a year; about −5.1% a year came from earnings growth and about −7.7 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.

The PEG ratio and its quarterly curve, which only the second data source has, are not shown on this page: its two data sources disagree by up to 48% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data.

Keystone Realtors Ltd's business is getting worse. Profit and EPS growth are shrinking: profit growth is −26.8% in the latest quarter, against +98.9% at its best in 12 quarters, with ROCE steady at 5.0%. This is based on 8 quarters of 4 measures, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind.

The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone.

This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Keystone Realtors Ltd earned a ROCE of 5% in FY26. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 3.6% net margin and 0.39× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a 3.6% net margin × 0.39× asset turnover × 2.34× leverage (assets divided by equity) ≈ 3.3% on equity. The margin does its share; borrowing is a big part of it.

The quarterly return lines and the return-on-capital-used (ROIC) line, which only the second data source has, are not shown on this page: its two data sources disagree by up to 48% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data.

Keystone Realtors Ltd had ₹1,484 Cr of borrowings against ₹2,863 Cr of equity in FY26, so its debt is 0.52× its equity. Its operating profit is 2 times its interest bill. Over 5 years borrowings went from ₹1,220 Cr to ₹1,484 Cr. Over the last 3 of those years it spent ₹365 Cr on assets.

Debt-to-equity shows how much of the business is paid for with borrowed money. Interest cover shows how many times operating profit pays the interest bill. Low debt and high cover are the safe combination.

Part of the spending on assets is being paid for with borrowed money.

The total-debt and debt-to-equity series, which only the second data source has, are not shown on this page: its two data sources disagree by up to 48% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data.

Promoters cut their stake in Keystone Realtors Ltd by 3.8 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 74.5% of the company. Foreign institutions moved −1.0 points over the same period, to 2.4%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Promoters: −3.8 points over 8 quarters, to 74.5%; Foreign institutions: −1.0 points over 8 quarters, to 2.4%; Domestic institutions: +0.1 points over 8 quarters, to 16.3%.

Why the owners changed: promoters drove it (−3.8 points), together with foreign institutions (−1.0 points). They reduced their stake.

For Keystone Realtors Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

48.3 out of 100, rank 14 of 26 in Realty - Construction & Contracting, with 63% of the evidence available.

Keystone Realtors Ltd scores 48.3 out of 100 against the 26 companies it is compared with in Realty - Construction & Contracting, ranking 14. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.

The four parts add up to the total exactly: 17.5 + 10.3 + 12.3 + 8.2 = 48.3. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Keystone Realtors ranks 14 of 26 Realty - Construction & Contracting companies on the 4-Factor Sector Score, with 48.3 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Realty - Construction & Contracting, all 26 compared on one page.

Keystone Realtors is the 6th largest of 26 Realty - Construction & Contracting companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Ganesh Housing, Puravankara and Valor Estate. Just below it: Sunteck Realty, Kolte Patil Developers and Kesar India.

Realty - Construction & Contracting companies close in size

3. Ganesh Housing Ltd ₹5,568 crore
4. Puravankara Ltd ₹4,549 crore
5. Valor Estate Ltd ₹4,331 crore
6. Keystone Realtors Ltd ₹4,270 crore
7. Sunteck Realty Ltd ₹4,115 crore
8. Kolte Patil Developers Ltd ₹3,934 crore
9. Kesar India Ltd ₹3,607 crore

All 26 Realty - Construction & Contracting companies, largest first

Companies close in size in other industries

893. Deep Industries Ltd ₹4,272 crore · Oil Drilling & Exploration
894. Inox Green Energy Services Ltd ₹4,272 crore · Miscellaneous
895. Keystone Realtors Ltd ₹4,270 crore
896. Rolex Rings Ltd ₹4,264 crore · Bearings
897. RPG Life Sciences Ltd ₹4,260 crore · Pharma - Formulators

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

See the plain-text version of this page.