Suraj Estate Developers Ltd

Suraj Estate Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Suraj Estate Developers Ltd

₹ 187 6.55%
01 Apr - close price
surajestate.com BSE: 544054 NSE: SURAJEST
About

Incorporated in 1986, Suraj Estate Developers Limited is a real estate construction company that develops residential and commercial real estate in the South Central Mumbai region.[1]

Key Points

Leadership in Redevelopment of Properties[1]
The company specializes in redevelopment projects, holding a 61% share in South Central Mumbai's redevelopment market. It has expertise in settling tenants, with over 1,011 homes redeveloped free of cost. It has launched 263 projects in SCM sub-markets, with 160 projects categorized as redevelopment.[2]

Market Leadership in South Centeral Mumbai[2]
No.1 in Market Absorption (Units): Suraj accounts for 16% of the total unit absorption among the top 10 developers in SCM.
No.1 in Market Absorption (Value): SEDL contributes 15% of the total value absorption in the same market.

Website BSE NSE
  • Market Cap ₹ 904 Cr.
  • Current Price ₹ 187
  • High / Low ₹ 399 / 169
  • Stock P/E 11.6
  • Book Value ₹ 202
  • Dividend Yield 0.00 %
  • ROCE 17.1 %
  • ROE 13.4 %
  • Face Value ₹ 5.00
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Pros

  • Stock is trading at 0.92 times its book value
  • Company has delivered good profit growth of 151% CAGR over last 5 years
  • Debtor days have improved from 71.0 to 34.4 days.

Cons

  • Earnings include an other income of Rs.60.0 Cr.

* 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

Part of BSE Allcap BSE Consumer Discretionary

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
88.03 96.06 99.66 87.05 130.03 104.34 142.26 130.16 126.88 141.08 87.04
38.66 45.47 59.59 69.05 79.02 50.88 108.51 124.95 92.28 91.54 75.74
Operating Profit 49.37 50.59 40.07 18.00 51.01 53.46 33.75 5.21 34.60 49.54 11.30
OPM % 56.08% 52.67% 40.21% 20.68% 39.23% 51.24% 23.72% 4.00% 27.27% 35.11% 12.98%
0.35 0.28 0.16 15.26 8.22 9.54 13.29 15.39 14.14 14.99 15.50
Interest 17.70 24.44 18.08 13.02 14.84 17.37 16.77 5.38 15.93 15.29 14.11
Depreciation 0.48 0.57 0.24 1.00 0.97 1.20 1.29 1.18 1.04 1.04 1.04
Profit before tax 31.54 25.86 21.91 19.24 43.42 44.43 28.98 14.04 31.77 48.20 11.65
Tax % 25.30% 26.57% 24.65% 36.02% 25.22% 27.23% 23.67% 31.84% 25.18% 25.10% 25.15%
23.57 18.99 16.51 12.31 32.47 32.34 22.13 9.57 23.77 36.10 8.72
EPS in Rs 7.09 5.71 3.72 2.77 7.32 7.29 4.63 2.00 4.98 7.56 1.83
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
58 164 204 246 371 507 485
12 99 116 109 213 363 385
Operating Profit 46 65 88 137 158 143 101
OPM % 79% 39% 43% 56% 43% 28% 21%
1 2 1 1 16 46 60
Interest 45 58 67 85 73 54 51
Depreciation 1 2 2 2 2 5 4
Profit before tax 1 7 20 51 99 131 106
Tax % 33% 31% 27% 26% 28% 26%
1 5 15 38 71 96 78
EPS in Rs 1.43 7.68 4.48 11.42 16.09 20.20 16.37
Dividend Payout % 0% 0% 0% 0% 6% 0%
Compounded Sales Growth
10 Years: %
5 Years: 54%
3 Years: 35%
TTM: 5%
Compounded Profit Growth
10 Years: %
5 Years: 151%
3 Years: 86%
TTM: -21%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -42%
Return on Equity
10 Years: %
5 Years: 20%
3 Years: 19%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 7 7 17 17 22 24 24
Reserves 9 14 20 58 502 883 943
352 374 388 407 355 369 425
116 96 140 283 296 344 420
Total Liabilities 484 491 564 764 1,175 1,620 1,811
5 5 5 4 27 27 25
CWIP 0 0 0 0 0 0 0
Investments 8 9 30 31 37 53 83
471 477 529 729 1,111 1,541 1,703
Total Assets 484 491 564 764 1,175 1,620 1,811

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-38 40 53 101 -155 -275
-7 -6 -18 -27 -92 38
43 -35 -34 -65 240 243
Net Cash Flow -2 -0 1 9 -7 7
Free Cash Flow -43 38 52 99 -175 -278
CFO/OP -80% 63% 64% 75% -89% -183%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 190 153 124 94 85 34
Inventory Days 4,859
Days Payable 165
Cash Conversion Cycle 190 4,848 124 94 85 34
Working Capital Days 1,680 620 407 421 310 441
ROCE % 17% 21% 30% 25% 17%

Insights

In beta
Dec 1990 Dec 1995 Dec 2000 Dec 2005 Dec 2010 Dec 2015 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Cumulative Developed Area Delivered
Sq. Ft.

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Collections
INR Crores
Pre-sales Value
INR Crores
Sales Area (Volume)
Sq. Ft.
Average Realisation
INR/Sq. Ft.
Number of Tenants Rehoused
Number

Shareholding Pattern

Numbers in percentages

13 Recently
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
74.95% 74.95% 74.95% 74.95% 69.60% 69.60% 69.60% 69.60% 69.60%
7.13% 5.66% 2.51% 3.14% 1.94% 2.32% 2.18% 1.70% 1.77%
4.02% 3.11% 1.42% 2.51% 2.49% 1.99% 1.45% 0.93% 1.03%
13.91% 16.28% 21.12% 19.40% 25.96% 26.09% 26.76% 27.78% 27.60%
No. of Shareholders 82,28259,30133,89831,73132,36934,06936,01640,05940,182

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

DRHP

Concalls