Suraj Estate Developers Ltd
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]
- Market Cap ₹ 1,339 Cr.
- Current Price ₹ 280
- High / Low ₹ 847 / 270
- Stock P/E 15.2
- Book Value ₹ 190
- Dividend Yield 0.36 %
- ROCE 17.2 %
- ROE 13.5 %
- Face Value ₹ 5.00
Pros
- Company has delivered good profit growth of 152% CAGR over last 5 years
- Debtor days have improved from 71.0 to 34.4 days.
Cons
- Earnings include an other income of Rs.52.4 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | 504 | |
12 | 96 | 116 | 109 | 213 | 363 | 377 | |
Operating Profit | 46 | 68 | 88 | 137 | 158 | 143 | 127 |
OPM % | 79% | 42% | 43% | 56% | 43% | 28% | 25% |
1 | 2 | 1 | 1 | 16 | 46 | 52 | |
Interest | 45 | 59 | 67 | 85 | 73 | 54 | 55 |
Depreciation | 1 | 2 | 2 | 2 | 2 | 5 | 5 |
Profit before tax | 1 | 9 | 20 | 51 | 99 | 131 | 119 |
Tax % | 33% | 29% | 27% | 26% | 28% | 26% | |
1 | 6 | 15 | 38 | 71 | 96 | 88 | |
EPS in Rs | 1.43 | 9.20 | 4.48 | 11.42 | 16.09 | 20.20 | 18.90 |
Dividend Payout % | 0% | 0% | 0% | 0% | 6% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 54% |
3 Years: | 35% |
TTM: | 22% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 152% |
3 Years: | 86% |
TTM: | 9% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | -64% |
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 | |
---|---|---|---|---|---|---|
Equity Capital | 7 | 7 | 17 | 17 | 22 | 24 |
Reserves | 9 | 15 | 20 | 58 | 502 | 883 |
352 | 358 | 388 | 407 | 355 | 369 | |
116 | 111 | 140 | 283 | 296 | 344 | |
Total Liabilities | 484 | 490 | 564 | 764 | 1,175 | 1,620 |
5 | 5 | 5 | 4 | 27 | 27 | |
CWIP | 0 | 2 | 0 | 0 | 0 | 0 |
Investments | 8 | 12 | 30 | 31 | 37 | 53 |
471 | 472 | 529 | 729 | 1,111 | 1,541 | |
Total Assets | 484 | 490 | 564 | 764 | 1,175 | 1,620 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|
-38 | 43 | 53 | 101 | -156 | -275 | |
-7 | 4 | -18 | -27 | -90 | 38 | |
43 | -47 | -34 | -65 | 240 | 243 | |
Net Cash Flow | -2 | -0 | 1 | 9 | -7 | 7 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|
Debtor Days | 190 | 148 | 124 | 94 | 85 | 34 |
Inventory Days | 1,517 | 490 | ||||
Days Payable | 39 | 44 | ||||
Cash Conversion Cycle | 190 | 1,626 | 124 | 94 | 85 | 481 |
Working Capital Days | 1,680 | 620 | 407 | 421 | 310 | 461 |
ROCE % | 18% | 22% | 30% | 25% | 17% |
Documents
Announcements
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Announcement Under Regulation 30 SEBI (LODR) Regulations, 2015-General Update
11 Aug - NSE issued warning for non-compliance in preferential share allotment; company taking corrective actions.
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
2 Aug - Monitoring Agency Report confirms Rs.343.39 Cr preferential issue proceeds utilized as per revised plan, no deviations.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
1 Aug - Q1 FY26: Revenue INR133cr, PAT INR21.3cr; new launches with INR1600cr GDV planned; strong collections growth.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 31 Jul
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
28 Jul - Uploaded audio recording of Q1 FY26 analyst/investor conference call on company website.
Concalls
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Aug 2025Transcript PPT
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Jun 2025Transcript PPT
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT
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May 2024Transcript PPT
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Feb 2024TranscriptNotesPPT
Leadership in Redevelopment of Properties[1]
The company specializes in redevelopment projects, holding a 61% share in SCM'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.