Suratwwala Business Group Ltd
Incorporated in 2008, Suratwwala Business
Group Ltd is in the business of construction
of residential, commercial, IT Parks, renting
of immovable properties and in solar power generating activity, along with other related business auxiliary services[1]
- Market Cap ₹ 488 Cr.
- Current Price ₹ 27.5
- High / Low ₹ 49.2 / 23.2
- Stock P/E 18.5
- Book Value ₹ 4.65
- Dividend Yield 0.36 %
- ROCE 13.8 %
- ROE 16.4 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 79.2% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 60.4%
Cons
- Company might be capitalizing the interest cost
- Working capital days have increased from 309 days to 707 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
Consumer Discretionary Realty Realty Residential, Commercial Projects
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4 | 6 | 19 | 16 | 11 | 9 | 11 | 13 | 1 | 62 | 72 | 32 | 74 | |
| 3 | 4 | 15 | 12 | 6 | 6 | 7 | 2 | 5 | 32 | 34 | 19 | 40 | |
| Operating Profit | 1 | 2 | 4 | 4 | 4 | 3 | 3 | 11 | -4 | 30 | 38 | 13 | 35 |
| OPM % | 28% | 36% | 23% | 26% | 41% | 31% | 32% | 88% | -480% | 48% | 53% | 41% | 47% |
| 0 | 0 | 0 | 0 | 0 | 0 | -0 | 1 | 1 | 0 | 1 | 2 | 1 | |
| Interest | 0 | 1 | 1 | 1 | 0 | 1 | 3 | 4 | 4 | 2 | 1 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 1 | 3 | 3 | 4 | 1 | 0 | 8 | -7 | 27 | 38 | 15 | 36 |
| Tax % | 36% | 35% | 36% | 35% | 33% | 42% | 10% | 25% | 55% | 23% | 26% | 27% | |
| 1 | 1 | 2 | 2 | 3 | 1 | 0 | 6 | -11 | 21 | 28 | 11 | 26 | |
| EPS in Rs | 36.00 | 45.50 | 101.50 | 107.00 | 142.00 | 0.09 | 0.04 | 0.35 | -0.62 | 1.22 | 1.60 | 0.62 | 1.52 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 12% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 25% |
| 3 Years: | 244% |
| TTM: | 132% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 28% |
| 5 Years: | 79% |
| 3 Years: | 43% |
| TTM: | 162% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 32% |
| 3 Years: | 12% |
| 1 Year: | -1% |
| Return on Equity | |
|---|---|
| 10 Years: | 38% |
| 5 Years: | 42% |
| 3 Years: | 60% |
| Last Year: | 16% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 9 | 13 | 17 | 17 | 17 | 17 | 17 | 17 |
| Reserves | 1 | 2 | 4 | 6 | 9 | 1 | 1 | 10 | -27 | -6 | 41 | 51 | 63 |
| 6 | 8 | 10 | 5 | 4 | 16 | 24 | 24 | 19 | 7 | 21 | 60 | 58 | |
| 10 | 13 | 17 | 16 | 18 | 19 | 16 | 22 | 77 | 76 | 29 | 40 | 56 | |
| Total Liabilities | 18 | 23 | 31 | 28 | 31 | 44 | 54 | 74 | 87 | 94 | 107 | 169 | 194 |
| 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 21 | 23 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 4 | 1 | 0 | 2 | 2 | 2 | 1 | 1 | 2 | 11 | 10 |
| 17 | 22 | 26 | 26 | 30 | 42 | 51 | 71 | 85 | 92 | 104 | 137 | 161 | |
| Total Assets | 18 | 23 | 31 | 28 | 31 | 44 | 54 | 74 | 87 | 94 | 107 | 169 | 194 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 1 | -11 | -12 | -7 | 9 | 7 | 1 | -3 | ||||
| 0 | 1 | -0 | -0 | -0 | -0 | -1 | -10 | -41 | ||||
| 0 | -2 | 11 | 12 | 7 | -9 | -7 | 14 | 39 | ||||
| Net Cash Flow | 0 | -0 | -0 | 0 | 0 | -0 | 0 | 5 | -4 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 0 | 0 | 0 | 166 | 194 | 298 | 370 | 4 | 34 | 21 |
| Inventory Days | 1,063 | 499 | 1,908 | 2,973 | 1,192 | |||||||
| Days Payable | 113 | 37 | 129 | 99 | 123 | |||||||
| Cash Conversion Cycle | 0 | 0 | 950 | 462 | 1,779 | 166 | 3,068 | 298 | 370 | 1,073 | 34 | 21 |
| Working Capital Days | 369 | 348 | 106 | 168 | 329 | 824 | 830 | 1,364 | -4,662 | 5 | 216 | 707 |
| ROCE % | 20% | 25% | 38% | 34% | 38% | 14% | 11% | 25% | -12% | 213% | 80% | 14% |
Insights
In beta| Mar 2022 | Mar 2023 | Aug 2024 | |
|---|---|---|---|
| Number of Clients Serviced Clients |
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| Order Book (Real Estate & Solar) INR Mn |
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| Solar Order Book Capacity MW |
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| Total Area Delivered (Cumulative) sq ft |
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| Total Land Bank Acres |
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| Total Man-hours without Mishaps Man-hours |
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| Area Booked (Mark Plazzo C, D, E) sq ft |
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| Total Area Under Development/Pipeline sq ft |
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| Units Sold (Mark Plazzo C, D, E) Units |
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Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 17 Feb
- Announcement under Regulation 30 (LODR)-Newspaper Publication 17 Feb
-
Board Meeting Outcome for Board Meeting Outcome For The Quarter 3 And Nine Months Ended December 31, 2025.
12 Feb - Approved unaudited Q3 and nine-month results to Dec 31, 2025; office moved Pune effective Feb 12, 2026.
- Board Meeting Outcome For The Quarter 3 And Nine Months Ended December 31, 2025. 12 Feb
-
Board Meeting Intimation for Board Meeting Intimation For Quarter 3 And Nine Months Ended As On December 31, 2025.
4 Feb - Board meeting on 12 Feb 2026 to approve Q3/9M results (Dec 31, 2025) and shift registered office.
Business Overview:[1][2]
SBGL is a real estate developer in the Pune region for residential, commercial, and redevelopment projects. It is also engaged in solar power generation and business auxiliary services related to real estate development.