Loading page…

Ravinder Heights Limited (RVHL) · mywealthgrid

About

Ravinder Heights Limited is a small-scale real estate developer (₹263.9 Cr market cap) operating in residential and commercial segments within Consumer Discretionary. The company follows a project-completion revenue model, with quarterly revenue ranging from ₹0.01 Cr to ₹55 Cr, indicating lumpy project-based delivery.

Face value: ₹1

Market cap

₹228 Cr

P/E

4.8×

P/B

0.8×

Dividend yield

ROE

18.4%

ROCE

24.6%

Debt / equity

OPM

83%

EPS (TTM)

₹7.8

Book value

₹47.3

52-week high

₹60.5

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Revenue collapse: projects generated ₹55.01 Cr (Sep 2025) and ₹20.01 Cr (Dec 2025), but recent quarters fell to ₹0.35–0.01 Cr, indicating project pipeline depletion or execution delays.
Profitability reversal: Jun 2026 and Mar 2026 reported net losses of -₹1.69 Cr and -₹2.94 Cr respectively despite small revenues, suggesting cost structure issues or asset impairments.
Institutional skepticism: zero FII (0%) and zero DII (0%) holdings despite 18.42% ROE indicates market doubt on earnings sustainability or business visibility.
Real estate execution and regulatory risks: verify exposure to construction delays, land disputes, regulatory changes in residential/commercial zoning, and interest-rate sensitivity on buyer demand.

Generated analysis · source review pending

Growth drivers

Proven execution capacity: Sep 2025 and Dec 2025 delivered ₹55.01 Cr and ₹20.01 Cr revenues with 95.16% and 81.16% operating margins, showing strong unit economics and project delivery capability.
Unlevered balance sheet: D/E of 0 eliminates refinancing risk and provides working-capital and land-acquisition flexibility needed for real estate scale.
Valuation discount: PE of 5.53 versus ROE of 18.42% suggests market is pricing downside; recovery if project pipeline accelerates could re-rate the stock.
Verify pipeline: assess announced projects, expected completion dates, and backlog to gauge near-term revenue acceleration.

Generated analysis · source review pending

₹37.2-31.3%1Y

Beta

1.31

Amplifies index moves

Volatility (1y)

49%

Annualised, daily returns

RSI (14)

32.6

Neither overbought nor oversold

Rel. strength (1y)

-43%

Behind the market

Beta is measured against NIFTY 50 over three years of weekly returns — 1 moves with the index, above 1 amplifies it, below 1 damps it.

Quick read

rule-based

Pros

+Healthy operating margin of 83%
+Profit CAGR of 99.4% over the last 3 years
+Revenue CAGR of 351.6% over the last 5 years
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 511×
+High promoter holding of 74.7% with no pledge

Cons

−Low return on equity of 5.5% (3-yr avg)

Research score

Structured signal from quality, growth, valuation and momentum.

63/100

Business quality: 84
Growth: 67

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Lodha Developers LimitedLODHALODHA	₹1,10,460 Cr	₹1,20,344 Cr	₹18,181 Cr	₹5,859 Cr	29.5%	₹4,126 Cr	20.6%	20.1%	15.8%	1,405
The Phoenix Mills LimitedPHOENIXLTDPHOENIXLTD	₹69,017 Cr	₹74,313 Cr	₹4,545 Cr	₹2,714 Cr	59.6%	₹1,280 Cr	35.2%	12.4%	11.4%	734
Prestige Estates Projects LimitedPRESTIGEPRESTIGE	₹64,006 Cr	₹78,992 Cr	₹13,053 Cr	₹3,675 Cr	29.2%	₹1,139 Cr	10.3%	13.6%	7.5%	2,755
Oberoi Realty LimitedOBEROIRLTYOBEROIRLTY	₹63,797 Cr	₹66,613 Cr	₹6,322 Cr	₹3,572 Cr	55.9%	₹2,630 Cr	41.7%	17.5%	14.9%	1,581
Godrej Properties LimitedGODREJPROPGODREJPROP	₹48,065 Cr	₹63,680 Cr	₹5,203 Cr	₹-458 Cr	-8.1%	₹1,600 Cr	35.9%	12.5%	10.1%	6,464
Anant Raj LimitedANANTRAJANANTRAJ	₹20,797 Cr	₹21,403 Cr	₹2,551 Cr	₹688 Cr	26.1%	₹579 Cr	22.2%	12%	11.2%	236
Brigade Enterprises LimitedBRIGADEBRIGADE	₹18,579 Cr	₹24,688 Cr	₹5,532 Cr	₹1,465 Cr	25.1%	₹695 Cr	12.7%	11.1%	10.3%	938
Horizon Industrial Parks LimitedHORIZONINDHORIZONIND	₹14,025 Cr	₹20,910 Cr	₹691 Cr	₹531 Cr	76.9%	₹-198 Cr	-29.5%	3.3%	-5.9%	-46
Sobha LimitedSOBHASOBHA	₹12,968 Cr	₹13,970 Cr	₹5,617 Cr	₹364 Cr	6%	₹231 Cr	3.7%	7.4%	4.2%	17,827
Aditya Birla Real Estate LimitedABRELABREL	₹12,293 Cr	₹17,929 Cr	₹450 Cr	₹-375 Cr	-88.2%	₹-116 Cr	-83%	-4.4%	-2.7%	22,467
Sri Lotus Developers And Realty LimitedLOTUSDEVLOTUSDEV	₹11,244 Cr	₹11,374 Cr	₹840 Cr	₹299 Cr	36.5%	₹257 Cr	31.6%	22.3%	16.7%	840
Signatureglobal (India) LimitedSIGNATURESIGNATURE	₹10,376 Cr	₹13,317 Cr	₹2,282 Cr	₹-126 Cr	-1.9%	₹1,044 Cr	42.2%	3.4%	85%	1,407

Loading peers…

Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	0	0	12	1	1	75
COGS	-1	0	0	0	0	0
Gross profit	—	-0	—	—	—	—
	7	3	10	10	8	13
	-6	-3	2	-9	-8	62
OPM %	-15,975%	-9,966.7%	19.7%	—	—	83%
Depreciation	2	2	2	2	2	2
Interest	0	0	0	0	0	0
	4	5	5	9	7	6
Profit before tax	-5	-0	5	-2	-3	66
Tax	0	-0	-2	0	-1	17
Tax %	1.9%	-82.4%	-35.3%	1.9%	-23.7%	26.3%
	-5	-0	6	-2	-3	49
PAT margin %	—	-66.7%	51.3%	-346.8%	-445.6%	65.1%
EPS (₹)	-0.8	0	1	-0.4	-0.4	8
EPS adjusted (₹)	-0.8	-0	1	-0.3	-0.4	8
Annual report	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	6	6	6	6	6	6
Reserves	262	262	239	237	235	284
	2	2	2	1	1	1
	48	52	46	45	43	34
Total equity & liabilities	318	322	294	289	286	325
	43	51	44	43	41	42
CWIP	0	0	—	0	0	6
Investments	9	28	34	38	35	27
	266	243	215	208	209	249
Total assets	318	322	294	289	286	325

Loading financials…

Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	-166.7%	—	—	—	—

Loading ratios…

Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.81%	74.81%	74.81%	74.74%	74.74%	74.74%	74.74%	74.74%	74.74%	74.74%	74.74%	74.74%
	0.05%	0.04%	0.04%	0.04%	0.04%	0.05%	0.04%	0.04%	0.03%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	25.14%	25.15%	25.15%	25.22%	25.22%	25.21%	25.22%	25.22%	25.23%	25.26%	25.26%	25.26%
No. of shareholders	—	—	—	—	—	—	—	—	15,183	14,827	14,633	14,484

Promoter holding down 0.07 percentage points since Sep 2023.

3 deals · 6 Apr 2022 – 12 Jan 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
12 Jan 2024	SERUM INSTITUTE OF INDIA PRIVATE LIMITED	Bulk	NSE	Sell	3,75,000	₹50.04	₹1.88 Cr
6 Apr 2022	RAJESH JAIN HUF	Bulk	BSE	Buy	6,00,000	₹24.70	₹1.48 Cr
6 Apr 2022	ADAR CYRUS POONAWALLA .	Bulk	BSE	Sell	6,00,000	₹24.70	₹1.48 Cr

1–3 of 3

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mrs. Sunanda JainExecutive Director-Chairperson-MD
Mr. Sumit JainExecutive Director
Ms. Radhika JainNon-Executive - Non Independent Director
Mr. Raghava Lakshmi NarasimhanNon-Executive - Independent Director
Mr. Namdeo Narayan KhamitkarNon-Executive - Independent Director
Mr. Sunil AnandNon-Executive - Independent Director
Mr. Ajay ChadhaNon-Executive - Independent Director
Mr. Kamal LakhaniChief Financial Officer
Mr. Chander Mohan MehraNon-Executive - Independent Director
Ms. VertikaCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

Loading shareholding…

F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

Loading f&o…

Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Ravinder Heights Limited. Portfolios are published monthly by each AMC; coverage is still partial.

Loading fund holders…

Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results7 Aug 2026

Loading events…

Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

64 announcementsExport CSV

3 Oct 2026, 5:09 pmCompany Update

Announcement under Regulation 30 (LODR)-Resignation of Director

Resignation of Director

Loading announcements…

Date	Category	Subject	Filing
3 Oct 2026, 5:09 pm	Company Update Resignation of Director	Announcement under Regulation 30 (LODR)-Resignation of Director	PDF
30 Sept 2026, 1:02 pm	Company Update Appointment of Company Secretary / Compliance Officer	Appointment of Company Secretary and Compliance Officer	PDF
30 Sept 2026, 12:57 pm	Company Update Resignation of Company Secretary / Compliance Officer	Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer	PDF
28 Sept 2026, 4:12 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
3 Sept 2026, 12:19 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
2 Sept 2026, 12:36 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF
2 Sept 2026, 12:26 pm	AGM/EGM AGM	Intimation Regarding Notice Of 07Th AGM To Be Held On September 26, 2026	PDF
8 Aug 2026, 10:42 am	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	4	1	7	-9	-8	36
	-6	8	-8	9	11	-23
	2	-0	-0	-1	-0	-0
Net cash flow	0	8	-1	-1	3	13
Free cash flow	2	-9	4	-9	-8	24
CFO / Operating profit %	—	—	311.8%	—	—	57.3%

Working capital
Receivable days	365	122	0	0	0	0

Leverage
Current ratio	5.61	5.49	5.12	5.55	5.57	9.15

Return ratios
Return on assets %	-1.5%	-0%	2.1%	-0.7%	-0.9%	15.1%

Ravinder Heights Limited

Ravinder Heights Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

1

Announcements

No fund holdings on record

Not in the F&O segment

1

Announcements

Annual reports

Compounded sales growth

Compounded profit growth

Stock price CAGR

Return on equity

Ravinder Heights Limited

Ravinder Heights Limited

About

Key insights

Key risks

Growth drivers

Risk & technicals

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Board meetings1

Announcements

No fund holdings on record

Not in the F&O segment

Board meetings1

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Ratio timeline

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Stock price CAGR

Return on equity

1

1