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 ₹ 487 Cr.
- Current Price ₹ 28.1
- High / Low ₹ 140 / 25.0
- Stock P/E 26.2
- 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 | 54 | |
| 3 | 4 | 15 | 12 | 6 | 6 | 7 | 2 | 5 | 32 | 34 | 19 | 31 | |
| Operating Profit | 1 | 2 | 4 | 4 | 4 | 3 | 3 | 11 | -4 | 30 | 38 | 13 | 24 |
| OPM % | 28% | 36% | 23% | 26% | 41% | 31% | 32% | 88% | -480% | 48% | 53% | 41% | 43% |
| 0 | 0 | 0 | 0 | 0 | 0 | -0 | 1 | 1 | 0 | 1 | 2 | 2 | |
| 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 | 25 |
| 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 | 19 | |
| 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 | 1.07 |
| 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: | 15% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 28% |
| 5 Years: | 79% |
| 3 Years: | 43% |
| TTM: | 13% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 61% |
| 3 Years: | 9% |
| 1 Year: | -77% |
| 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% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
17 Nov - SBGL Intimation of Newspaper Publication Q2 September 2025
- Board Meeting Outcome 14 Nov
-
Board Meeting Outcome for Board Meeting Outcome
14 Nov - Board approved unaudited Q2/H1 results (Sep 30, 2025); to subscribe 49% in NextRiise Real Estate Advisors (under incorporation).
-
Board Meeting Intimation for To Consider And Approve Un-Audited Standalone And Consolidated Financial Statements For The 2Nd Quarter And Half Year Ended As On September 30, 2025 And To Consider Any Other Business Matters.
10 Nov - Board meeting Nov 14, 2025 to approve Q2/H1 results ended Sep 30, 2025; consider investments; trading window closed.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
10 Oct - RTA certificate under Reg 74(5): no dematerialisation in quarter ended September 30, 2025.
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.