Keystone Realtors Ltd is Mumbai based real estate company owned by the Rustomjee Group in the business of construction and redevelopment for over 25 years . The company reported an eventful and successful financial year 2025 posting impressive achievements and new project performance across key metrics .
The pre sales performance was a 34% increase over FY 24 to reach Rs 3028 crores for FY 2025. The collection for FY 25 stood at Rs 2327 crores . Keystone Realtors has seven projects with a total estimated GDV of Rs 5000 crores for FY 2025 reflecting its ability to deliver high quality properties across diverse micro markets .
With excellent projects such as 180 Bayview and Crescent, the company has received solid industry recognition and positive news enabling it to successfully execute projects in shorter durations and create more business opportunities. Keystone Realtors has a diversified portfolio across all Mumbai Metropolitan Region MMR areas from value housing to luxury projects ensuring growth across market cycles. It is a trusted market leader in redevelopment. space , ideally positioned to capitalise on the momentum and immense opportunities.
The company has hit upon a good strategy to optimise saving costs by successfully shortening the timeline between a launch, construction and completion timeline adding to the cash flow . During FY25, the company generated an operating cash flow of Rs 580 crores on the back of higher investment in new projects building a robust pipeline of fresh launches.
The company reported decent consolidated financial performance with revenue from operation of Rs 2004 crores for the financial year 2025 with EBITDA of Rs 332 crores , registering an increase of 104% year on year over FY24. Profit after tax grew from Rs 111 crores during FY24 to Rs 188 crores in FY25 registering a 69% year on year growth over FY24. Gross debt stood at Rs 316 crores which is 0.12:1 as on 31 March 2025 , with free cash at Rs 874 crores indicating a very strong liquidity position. Therefore , rating agency ICRA has upgraded the credit rating of the company to A+ on the back of a stable outlook .
Keystone Realtors of the Rustomjee Group has been awarded many prestigious awards such as India’s Top Builder of 2024 , Maharashtra States Best Employer Award , Best Realty Brand 2025 , etc reaffirming its mission for setting new benchmark in the real estate sector . The future outlook for FY26 is extremely bright for Keystone Realtors with robust growth on the back of strong execution , continued market leadership , solid fundamentals, healthy balance sheet and excellent demand pipeline .
Analysts tracking the construction and real estate sector are quite bullish on the companies operating in the Mumbai region , including Keystone Realtors to do exceeding well in the FY26 . The recent reduction in interest rates by RBI also bodes well for construction and real estate companies. Fund managers and brokers expect the company to exceed its financial guidance for the next one year and deliver long term value for all its shareholders.
The Keystone Realtors stock is quoting at around Rs 560 on the bourses and analysts expect the share to appreciate to Rs 800 levels in the next one year time frame . Portfolio investors should consider the risk associated with the stock market and do proper due diligence before buying any stock
