Keystone Realtors vs Shriram Properties: Share Price, Comparison and Key Differences

Keystone Realtors vs Shriram Properties is a comparison real estate investors look up when evaluating two listed Indian residential developers with different geographic focus. Keystone Realtors, a Mumbai-based company (Rustomjee brand, listed 2022), develops premium and luxury residential housing in the Mumbai Metropolitan Region – known for its Rustomjee brand projects in Bandra, Andheri, Thane, Virar and other Mumbai suburbs. Shriram Properties, a Bengaluru-based company (listed 2021, Shriram Group), develops affordable, mid and upper-mid residential projects primarily in Bengaluru, Chennai, Kolkata and Visakhapatnam. Both Keystone vs Shriram Properties serve the Indian residential real estate market at different price points.

This Keystone Realtors vs Shriram Properties article covers reach and market position, key products, latest declared results and stock valuation. All data is sourced from Groww and public company filings.

Reach and Market Position

In this Keystone Realtors vs Shriram Properties comparison, Keystone Realtors develops premium residential housing in Mumbai under the Rustomjee brand – typically Rs 1 Cr to Rs 10+ Cr apartments. Market capitalisation is Rs 4,802 Cr.

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Shriram Properties develops affordable to mid-segment residential projects in South and East India – typically Rs 30 lakh to Rs 1.5 Cr homes. Market capitalisation is Rs 1,443 Cr.

Key Products and Business Mix

For the Keystone Realtors vs Shriram Properties product breakdown, Keystone Realtors: Keystone earns from premium Mumbai residential property sales. EPS is Rs 10.38. PE is 36.64x, ROE 2.75 percent, D/E 0.52.

Shriram Properties: Shriram Properties earns from affordable and mid-segment residential property sales. EPS is Rs 5.91. PE is 14.31x (cheap!), ROE 6.91 percent, D/E 0.42.

Latest Results and Financial Data

On the Keystone Realtors vs Shriram Properties results front: Keystone Realtors has a market cap of Rs 4,802 Cr and PE of 36.64x. ROE is 2.75 percent – thin. Keystone is 3.3 times larger than Shriram Properties.

Shriram Properties has a market cap of Rs 1,443 Cr and PE of 14.31x. ROE is 6.91 percent – higher than Keystone. Shriram Properties is significantly cheaper on PE.

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Stock Performance and Valuation

Investors tracking the Keystone Realtors vs Shriram Properties comparison should verify current prices on NSE or BSE before trading. The Keystone Realtors vs Shriram Properties stock data below reflects the latest available figures from Groww and public company filings.

Keystone vs Shriram Properties at current valuations: Keystone trades at Rs 4,802 Cr market cap, PE 36.64x, ROE 2.75 percent. Shriram trades at Rs 1,443 Cr market cap, PE 14.31x, ROE 6.91 percent. Shriram Properties is cheaper on PE with a higher ROE. Keystone has premium Mumbai residential positioning.

Keystone Realtors vs Shriram Properties: Quick Comparison Table

The comparison table below summarises the key metrics side by side.

Parameter	Keystone Realtors	Shriram Properties
Sector	Premium residential: Rustomjee brand (Mumbai Metropolitan Region, Rs 1-10+ Cr)	Affordable to mid: South + East India (Bengaluru, Chennai, Rs 30L-1.5Cr)
Market Cap	Rs 4,802 Cr	Rs 1,443 Cr
P/E Ratio	36.64x	14.31x (cheap!)
ROE	2.75% (thin)	6.91%
Debt to Equity	0.52	0.42
Price Segment	Premium and luxury (Mumbai)	Affordable to mid-segment (South India)
Listed	2022	2021

Conclusion

The Keystone Realtors vs Shriram Properties comparison above covers reach, products, results and valuation. Keystone Realtors vs Shriram Properties covers premium Mumbai housing versus affordable South India housing. Keystone has a premium brand in the Mumbai market with high per-unit values. Shriram Properties has a larger volume approach in affordable South India. Keystone vs Shriram investors should track residential launch volumes, collections, pre-sales velocity and completion rates. Keystone Realtors vs Shriram Properties are both listed post-2021 and represent mid-size residential real estate opportunities in their respective geographies. Consult a SEBI-registered advisor for personalised guidance.

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Frequently Asked Questions

What is Keystone Realtors?

Ans. Keystone Realtors develops premium residential properties under the Rustomjee brand in Mumbai – in locations like Bandra, Andheri, Thane, Virar and other suburbs. Rustomjee is known for quality mid-to-luxury apartments.

What is Shriram Properties?

Ans. Shriram Properties is a residential developer focused on affordable to mid-segment homes in South and East India – primarily in Bengaluru, Chennai, Kolkata and Visakhapatnam. It is part of the larger Shriram Group (financial services conglomerate).

Are Keystone and Shriram Properties in Nifty 50?

Ans. Neither is in Nifty 50. Both are recently listed companies tracked in smaller indices.

Which is larger?

Ans. Keystone Realtors at Rs 4,802 Cr is approximately 3.3 times larger than Shriram Properties at Rs 1,443 Cr.

What is pre-sales in real estate?

Ans. Pre-sales (or bookings) refer to residential apartments sold before or during construction. Pre-sales velocity is a key metric for residential developers – indicating demand and providing cash flow for construction.

What is the Rustomjee brand known for?

Ans. Rustomjee is a well-established Mumbai residential brand known for quality construction, timely delivery and mid-to-premium housing in Mumbai Metropolitan Region.

Does Keystone Realtors pay dividends?

Ans. Keystone Realtors does not currently pay dividends, reinvesting in residential project launches.