RUSTOMJEE
Keystone Realtors Limited
If management delivers what it guided
arithmetic on filed guidance and past valuations · not a price target
RUSTOMJEE
FY26 → FY27 · 1 year of guidance · ~0.7 years from today₹400 today
BEAR
₹326
-19%
17.9% a year · 44.2x exit
BASE
₹507
+27%
30.9% a year · 62x exit
BULL
₹574
+44%
42% a year · 64.6x exit
Where the market has priced it
39x64x today65x
- the guided figure reached earnings through a low-confidence bridge
- multiple band rests on only 4 filed years
- this company's own median multiple sits 110% above its filed-industry peers; the scenario uses its own
How these numbers are produced
| Earnings base | FY26 fiscal year EPS ₹6.25 (screener) |
|---|---|
| Guided growth | 30.9% a year, said on the call of 18-May-2026 · transcript |
| Read across as | operating: unlabelled growth figure, read as revenue — low confidence |
| Delivery calibration | 0.58x / 1x / 1.36x of what was guided — measured: 76 annual guided-vs-filed pairs + 77 near-complete quarterly years — NSE transcripts against the companies' own filings |
| Exit multiple | 44.19x / 62x / 64.63x, this company’s own p20 / median / p80 across 4 filed years |
| Filed-industry peers | median 29.49x across 21 peers — the cross-check, not the input |
| Arithmetic | base EPS × (1 + guided growth × delivery)1 × exit multiple |
Arithmetic on management’s own guidance and this company’s own past valuations. Not a price target, not a recommendation, and not a forecast of what the stock will do.
What management said
from NSE earnings-call filings · extracted, not interpreted