Suyog Gurbaxani Funicular Ropeways Ltd
₹ 104
-3.66%
13 Mar
1:44 p.m.
About
Incorporated in 2010, Suyog Gurbaxani Funicular Ropeways Ltd is in the business to design, engineer, procure, finance, construct, operate and maintain Funicular Ropeway on Build, Operate & Transfer basis[1]
Key Points
- Market Cap ₹ 259 Cr.
- Current Price ₹ 104
- High / Low ₹ 160 / 95.5
- Stock P/E 18.2
- Book Value ₹ 12.4
- Dividend Yield 0.00 %
- ROCE 10.2 %
- ROE 43.2 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 46.0% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 33.8%
Cons
- Stock is trading at 8.70 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Company might be capitalizing the interest cost
- Working capital days have increased from 183 days to 329 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
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Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0 | -0 | 8 | 13 | 4 | 8 | 18 | 63 | 53 | 57 | |
| -0 | -0 | 5 | 6 | 4 | 4 | 7 | 42 | 35 | 34 | |
| Operating Profit | -0 | -0 | 3 | 7 | 1 | 4 | 11 | 22 | 18 | 24 |
| OPM % | 42% | 51% | 19% | 51% | 62% | 34% | 33% | 41% | ||
| -0 | -0 | -0 | -0 | -0 | 0 | 0 | 0 | 0 | 0 | |
| Interest | -0 | -0 | 2 | 2 | 2 | 4 | 5 | 7 | 3 | 3 |
| Depreciation | -0 | -0 | 5 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
| Profit before tax | -0 | -0 | -3 | -2 | -8 | -7 | 0 | 8 | 8 | 14 |
| Tax % | -0% | -0% | -0% | -0% | -3,100% | 29% | -6% | |||
| -0 | -0 | -3 | -2 | -8 | -7 | 0 | 6 | 9 | 14 | |
| EPS in Rs | -0.00 | -0.00 | -1.72 | -0.93 | -3.91 | -2.79 | 0.12 | 2.25 | 3.50 | 5.72 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 32% |
| 3 Years: | 87% |
| TTM: | -23% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 46% |
| 3 Years: | 48% |
| TTM: | 179% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 34% |
| 1 Year: | -29% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 0% |
| 3 Years: | 34% |
| Last Year: | 43% |
Balance Sheet
Figures in Rs. Crores
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 12 | 12 | 20 | 20 | 20 | 25 | 25 | 25 | 25 | 25 |
| Reserves | -0 | -0 | -3 | -5 | -13 | -15 | -15 | -9 | -0 | 6 |
| 60 | 69 | 71 | 68 | 75 | 68 | 66 | 87 | 86 | 162 | |
| 11 | 13 | 6 | 6 | 4 | 5 | 4 | 13 | 30 | 35 | |
| Total Liabilities | 83 | 93 | 94 | 89 | 86 | 82 | 80 | 116 | 141 | 228 |
| 0 | 0 | 92 | 86 | 80 | 73 | 67 | 60 | 54 | 50 | |
| CWIP | 76 | 91 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
| Investments | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
| 7 | 3 | 2 | 2 | 6 | 9 | 13 | 56 | 87 | 177 | |
| Total Assets | 83 | 93 | 94 | 89 | 86 | 82 | 80 | 116 | 141 | 228 |
Cash Flows
Figures in Rs. Crores
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| 6 | -6 | 4 | 1 | -14 | 4 | ||||
| -1 | -0 | -0 | -0 | -0 | -0 | ||||
| -5 | 6 | -1 | -4 | 14 | -4 | ||||
| Net Cash Flow | -0 | -0 | 3 | -3 | -0 | 0 |
Ratios
Figures in Rs. Crores
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 15 | 18 | 67 | 34 | 18 | 3 | 6 | ||
| Inventory Days | |||||||||
| Days Payable | |||||||||
| Cash Conversion Cycle | 15 | 18 | 67 | 34 | 18 | 3 | 6 | ||
| Working Capital Days | -267 | -134 | -180 | -215 | 32 | 189 | 329 | ||
| ROCE % | -0% | -2% | 0% | -7% | -3% | 6% | 17% | 10% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Hotel Inventory (Rooms and Dormitories) Number of rooms |
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| Parking Capacity Number of vehicles |
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| Shopping Complex Outlets Number of shops |
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| Operational Passenger Capacity (Single Trip) Passengers per trip |
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| Hourly Passenger Transit Capacity Passengers per hour |
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| Project Pipeline (Upcoming Projects) Number of projects |
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| Total Operational Land Area Acres |
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Documents
Announcements
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 24 Feb
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 24 Feb
-
Intimation Pursuant To Regulation 31A Of SEBI (LODR) Regulations, 2015
11 Feb - Company filed BSE application on Feb 11 seeking NOC to reclassify Somnath Lature from promoter to public.
-
Board Meeting Outcome for Outcome Of Board Meeting Held On Friday, February 06, 2026
6 Feb - Board approved NOC filing for reclassification of 71,250 shares; paid ₹23,600 fine (Dec 16, 2025).
-
Intimation Regarding Request Letter Received From Member Of The Promoter(S) Group For Reclassification From Promoter And Promoter Group To Public Category
5 Feb - Promoter Mr. Somnath Lature requests reclassification of 71,250 shares (0.29%) to public; Board to consider.
Business Overview:[1]
SGFRL is engaged in infrastructure development services. It offers ropeway facilities, and provides stay, shopping, and parking services. Currently, company is involved in an infrastructural Development project through a Build, Operate and Transfer mode wherein construction of a Funicular Ropeway System project (known as Incline Ropeways) at Saptashrungi Gad Temple situated at Vani, Nashik is underway