Radhe Developers (India) Ltd

RADHEDE

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Market Cap

₹ 98 Cr

P/E

17.00

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Investment Checklist

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Performance

UNDER PERFORMER

Valuation

REASONABLE

Growth

SLUGGISH

Profitability

HIGH MARGIN

Technicals

Bearish

Risk

MODERATE RISK

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Price

PE Ratio

Price

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Overview

Detailed Summary

Radhe Developers India is primarily engaged in construction and estate development activities, focusing on residential and commercial complexes.

The company was founded on February 3, 1986, by Ashish Patel and Prafulbhai Patel, and expanded its capital base through a public issue in September 1995.

Radhe Developers has diversified into biotechnology by acquiring a 100% stake in Patel Agro Farm Pvt Ltd to support its new ventures.

The company's strategic move into biotechnology indicates a potential diversification beyond its core real estate business, reflecting an innovative approach to growth.

Sector

Realty

Industry

Construction - Housing - Medium / Small

Market Cap

98 Cr

Volatility

Low Risk

P/E Ratio

17.0

Industry P/E

31.1

PEG Ratio

0.7

P/B Ratio

1.5

52W High

3.10

52W Low

1.26

Sales CAGR

5.56%

-44.00%

14.66%

10Y

-8.22%

Profit CAGR

24.24%

-62.36%

—

10Y

-8.41%

ROE

TTM

8.50%

-1.55%

7.90%

10Y

5.37%

ROCE

TTM

6.85%

0.26%

11.09%

10Y

7.91%

Technicals

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Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
ARTNIRMAN	47.70	119 Cr	83.68	3.16	0.00	3.75	5.67	1.60
HDIL	2.38	113 Cr	—	0.00	0.00	0.01	-0.11	-0.00
SHRIKRISH	38.90	109 Cr	19.45	1.23	0.00	6.30	7.74	2.76
PRERINFRA	27.90	101 Cr	174.38	0.98	0.00	0.57	2.26	0.37
RADHEDE	1.87	98 Cr	17.00	1.50	0.00	8.50	6.85	3.93
LPDC	7.19	96 Cr	—	2.42	0.00	0.13	0.35	0.12
ANSALBU	120.00	89 Cr	8.23	0.65	0.83	7.95	9.66	1.37

Financial Statements

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Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	1.25	0.00	1.22	4.29	0.20	3.27	0.00	4.19	6.15	2.49
Expenses	1.41	1.11	2.63	4.55	0.80	1.27	1.12	1.30	1.42	1.37
Operating Profit	-0.16	-1.11	-1.41	-0.26	-0.60	2.00	-1.12	2.89	4.73	1.12
OPM %	-12.80	—	-115.57	-6.06	-300.00	61.16	—	68.97	76.91	44.98
Other Income	-0.14	0.00	0.01	0.15	0.00	0.00	0.03	0.00	0.00	0.01
Interest	0.04	0.04	0.07	0.51	0.24	0.30	0.02	0.45	0.20	0.18
Depreciation	0.23	0.23	0.31	0.20	0.18	0.18	0.18	0.19	0.18	0.18
Profit Before Tax	-0.58	-1.39	-1.78	-0.81	-1.02	1.52	-1.29	2.25	4.36	0.77
Tax %	8.62	0.00	3.37	-22.22	0.00	1.97	0.00	-0.44	11.01	-2.60
Net Profit	-0.53	-1.39	-1.71	-0.99	-1.02	1.49	-1.29	2.26	3.88	0.79
EPS in Rs	-0.01	-0.03	-0.03	-0.02	-0.02	0.03	-0.02	0.04	0.07	0.02

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	5.52	9.99	11	3.86	0.89	44	14	6.76	7.66	14
Expenses	5.79	9.08	10	5.21	3.33	11	13	9.70	4.48	5.11
Operating Profit	-0.26	0.91	0.61	-1.34	-2.44	33	1.43	-2.94	3.18	8.50
OPM %	-4.79	9.11	5.77	-34.79	-274.61	75.13	9.94	-43.42	41.48	62.45
Other Income	2.00	1.03	0.15	0.01	0.00	0.02	0.99	0.02	0.03	NaN
Interest	0.04	0.31	0.18	0.04	0.04	0.08	0.32	0.67	1.01	0.97
Depreciation	0.44	0.59	0.58	0.59	0.56	0.36	0.51	0.97	0.74	0.73
Profit Before Tax	1.26	1.04	0.01	-1.97	-3.04	32	1.59	-4.55	1.45	6.84
Tax %	19.77	39.19	753.18	3.20	4.14	21.97	55.21	-1.59	7.38	7.31
Net Profit	1.01	0.63	-0.05	-1.91	-2.91	25	0.71	-4.63	1.35	6.34
EPS in Rs	0.02	0.01	-0.00	-0.04	-0.06	0.48	0.24	-0.09	0.03	0.11
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	25	25	25	25	25	25	25	50	50	52
Reserves	8.78	8.24	8.88	8.83	6.93	4.02	29	4.80	0.19	8.16
Borrowings	3.87	2.70	5.30	0.13	1.10	0.50	10	23	42	35
Other Liabilities	28	26	25	25	27	29	34	48	47	46
Total Liabilities	65	62	64	60	60	58	99	126	140	141
Fixed Assets	2.08	3.83	3.26	2.69	3.04	1.43	2.88	5.10	3.41	2.76
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	63	58	61	57	57	57	96	121	136	138
Total Assets	65	62	64	60	60	58	99	126	140	141

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	-5.04	2.81	-2.00	5.26	-0.14	-0.02	-8.39	-9.14	-19	-0.83
Cash from Investing Activity	-0.93	-2.21	-0.03	-0.00	-0.95	0.81	-1.78	-2.73	0.58	-0.09
Cash from Financing Activity	3.69	-1.06	2.29	-5.34	0.93	-0.65	9.90	12	19	0.04
Net Cash Flow	-2.29	-0.47	0.26	-0.09	-0.15	0.15	-0.26	0.11	0.90	-0.87

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	44.09%	44.45%	44.49%	44.58%	44.98%	45.16%	45.16%	45.16%	47.27%	47.27%	47.27%	47.27%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DIIs	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%
Public	55.88%	55.51%	55.48%	55.38%	54.98%	54.80%	54.80%	54.80%	52.69%	52.69%	52.69%	52.69%
Total Shareholders	24,492	25,597	31,398	35,071	38,506	44,866	44,249	45,242	45,735	45,739	44,628	45,300

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Feb 08, 2025	Ashish p. patel	Insider - Promoter & Director	Acquisition	4.25	8.56 Cr	2,01,43,920	4.00
Jun 10, 2024	Jahnavi a. patel revised	Insider - Promoter & Director	Acquisition	3.72	0.01 Cr	25,000	0.00
Mar 06, 2024	Jahnavi a. patel	Insider - Promoter & Director	Acquisition	—	—	25,000	0.00
Mar 01, 2024	Jahnavi a. patel	Insider - Promoter & Director	Acquisition	3.65	0.09 Cr	2,40,000	0.04
Feb 06, 2024	Sahastraa advisors private li...	Bulk	Buy	3.89	1.03 Cr	26,42,049	0.50
Feb 06, 2024	Sahastraa advisors private li...	Bulk	Sell	3.87	0.60 Cr	15,42,049	0.29
Feb 06, 2024	Jahnavi a. patel	Insider - Promoter & Director	Acquisition	3.77	0.06 Cr	1,50,000	0.02
Feb 05, 2024	Jahnavi a. patel	Insider - Promoter & Director	Acquisition	3.83	0.19 Cr	5,00,000	0.09
Feb 02, 2024	Sahastraa advisors private li...	Bulk	Buy	3.60	1.96 Cr	54,40,607	1.03
Feb 02, 2024	Multiplier share & stock advi...	Bulk	Sell	3.66	1.78 Cr	48,56,568	0.92

Projection

Actions

Action Type

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Announcements

Last 7 days

Newest

Sentiment

Regulatory Filing

6 days ago

Extra-Ordinary General Meeting Notification

The company has published notices in newspapers regarding an Extra-Ordinary General Meeting in compliance with SEBI regulations.

Documents

Presentations

Concalls

Reports

Presentations

No documents found!

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Oscillators

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Neutral

Bearish

Neutral

Bullish

Overall

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Bearish

Neutral

Bullish

Moving Averages

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Bullish

Overall

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Neutral

Bullish

Financial Statements

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Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

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Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	1.25	0.00	1.22	4.29	0.20	3.27	0.00	4.19	6.15	2.49
Expenses	1.41	1.11	2.63	4.55	0.80	1.27	1.12	1.30	1.42	1.37
Operating Profit	-0.16	-1.11	-1.41	-0.26	-0.60	2.00	-1.12	2.89	4.73	1.12
OPM %	-12.80	—	-115.57	-6.06	-300.00	61.16	—	68.97	76.91	44.98
Other Income	-0.14	0.00	0.01	0.15	0.00	0.00	0.03	0.00	0.00	0.01
Interest	0.04	0.04	0.07	0.51	0.24	0.30	0.02	0.45	0.20	0.18
Depreciation	0.23	0.23	0.31	0.20	0.18	0.18	0.18	0.19	0.18	0.18
Profit Before Tax	-0.58	-1.39	-1.78	-0.81	-1.02	1.52	-1.29	2.25	4.36	0.77
Tax %	8.62	0.00	3.37	-22.22	0.00	1.97	0.00	-0.44	11.01	-2.60
Net Profit	-0.53	-1.39	-1.71	-0.99	-1.02	1.49	-1.29	2.26	3.88	0.79
EPS in Rs	-0.01	-0.03	-0.03	-0.02	-0.02	0.03	-0.02	0.04	0.07	0.02

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	5.52	9.99	11	3.86	0.89	44	14	6.76	7.66	14
Expenses	5.79	9.08	10	5.21	3.33	11	13	9.70	4.48	5.11
Operating Profit	-0.26	0.91	0.61	-1.34	-2.44	33	1.43	-2.94	3.18	8.50
OPM %	-4.79	9.11	5.77	-34.79	-274.61	75.13	9.94	-43.42	41.48	62.45
Other Income	2.00	1.03	0.15	0.01	0.00	0.02	0.99	0.02	0.03	NaN
Interest	0.04	0.31	0.18	0.04	0.04	0.08	0.32	0.67	1.01	0.97
Depreciation	0.44	0.59	0.58	0.59	0.56	0.36	0.51	0.97	0.74	0.73
Profit Before Tax	1.26	1.04	0.01	-1.97	-3.04	32	1.59	-4.55	1.45	6.84
Tax %	19.77	39.19	753.18	3.20	4.14	21.97	55.21	-1.59	7.38	7.31
Net Profit	1.01	0.63	-0.05	-1.91	-2.91	25	0.71	-4.63	1.35	6.34
EPS in Rs	0.02	0.01	-0.00	-0.04	-0.06	0.48	0.24	-0.09	0.03	0.11
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	25	25	25	25	25	25	25	50	50	52
Reserves	8.78	8.24	8.88	8.83	6.93	4.02	29	4.80	0.19	8.16
Borrowings	3.87	2.70	5.30	0.13	1.10	0.50	10	23	42	35
Other Liabilities	28	26	25	25	27	29	34	48	47	46
Total Liabilities	65	62	64	60	60	58	99	126	140	141
Fixed Assets	2.08	3.83	3.26	2.69	3.04	1.43	2.88	5.10	3.41	2.76
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	63	58	61	57	57	57	96	121	136	138
Total Assets	65	62	64	60	60	58	99	126	140	141

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	-5.04	2.81	-2.00	5.26	-0.14	-0.02	-8.39	-9.14	-19	-0.83
Cash from Investing Activity	-0.93	-2.21	-0.03	-0.00	-0.95	0.81	-1.78	-2.73	0.58	-0.09
Cash from Financing Activity	3.69	-1.06	2.29	-5.34	0.93	-0.65	9.90	12	19	0.04
Net Cash Flow	-2.29	-0.47	0.26	-0.09	-0.15	0.15	-0.26	0.11	0.90	-0.87

Overview

Detailed Summary

Radhe Developers India is primarily engaged in construction and estate development activities, focusing on residential and commercial complexes.

The company was founded on February 3, 1986, by Ashish Patel and Prafulbhai Patel, and expanded its capital base through a public issue in September 1995.

Radhe Developers has diversified into biotechnology by acquiring a 100% stake in Patel Agro Farm Pvt Ltd to support its new ventures.

The company's strategic move into biotechnology indicates a potential diversification beyond its core real estate business, reflecting an innovative approach to growth.

Sector

Realty

Industry

Construction - Housing - Medium / Small

Market Cap

98 Cr

Volatility

Low Risk

P/E Ratio

17.0

Industry P/E

31.1

PEG Ratio

0.7

P/B Ratio

1.5

52W High

3.10

52W Low

1.26

Sales CAGR

5.56%

-44.00%

14.66%

10Y

-8.22%

Profit CAGR

24.24%

-62.36%

—

10Y

-8.41%

ROE

TTM

8.50%

-1.55%

7.90%

10Y

5.37%

ROCE

TTM

6.85%

0.26%

11.09%

10Y

7.91%

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
ARTNIRMAN	47.70	119 Cr	83.68	3.16	0.00	3.75	5.67	1.60
HDIL	2.38	113 Cr	—	0.00	0.00	0.01	-0.11	-0.00
SHRIKRISH	38.90	109 Cr	19.45	1.23	0.00	6.30	7.74	2.76
PRERINFRA	27.90	101 Cr	174.38	0.98	0.00	0.57	2.26	0.37
RADHEDE	1.87	98 Cr	17.00	1.50	0.00	8.50	6.85	3.93
LPDC	7.19	96 Cr	—	2.42	0.00	0.13	0.35	0.12
ANSALBU	120.00	89 Cr	8.23	0.65	0.83	7.95	9.66	1.37