Suraj Estate Developers Ltd

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

Suraj Estate Developers Ltd

₹ 231 -7.30%
18 Dec - 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 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.

Website BSE NSE
  • Market Cap ₹ 1,106 Cr.
  • Current Price ₹ 231
  • High / Low ₹ 648 / 226
  • Stock P/E 12.1
  • 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 1.14 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.57.8 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 SmallCap 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
88 96 100 87 130 104 142 130 127 141
39 45 60 69 79 51 109 125 92 92
Operating Profit 49 51 40 18 51 53 34 5 35 50
OPM % 56% 53% 40% 21% 39% 51% 24% 4% 27% 35%
0 0 0 15 8 10 13 15 14 15
Interest 18 24 18 13 15 17 17 5 16 15
Depreciation 0 1 0 1 1 1 1 1 1 1
Profit before tax 32 26 22 19 43 44 29 14 32 48
Tax % 25% 27% 25% 36% 25% 27% 24% 32% 25% 25%
24 19 17 12 32 32 22 10 24 36
EPS in Rs 7.09 5.71 3.72 2.77 7.32 7.29 4.63 2.00 4.98 7.56
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
58 164 204 246 371 507 540
12 96 116 109 213 363 417
Operating Profit 46 68 88 137 158 143 123
OPM % 79% 42% 43% 56% 43% 28% 23%
1 2 1 1 16 46 58
Interest 45 59 67 85 73 54 53
Depreciation 1 2 2 2 2 5 5
Profit before tax 1 9 20 51 99 131 123
Tax % 33% 29% 27% 26% 28% 26%
1 6 15 38 71 96 92
EPS in Rs 1.43 9.20 4.48 11.42 16.09 20.20 19.17
Dividend Payout % 0% 0% 0% 0% 6% 0%
Compounded Sales Growth
10 Years: %
5 Years: 54%
3 Years: 35%
TTM: 28%
Compounded Profit Growth
10 Years: %
5 Years: 151%
3 Years: 86%
TTM: -2%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -62%
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 15 20 58 502 883 943
352 358 388 407 355 369 425
116 111 140 283 296 344 420
Total Liabilities 484 490 564 764 1,175 1,620 1,811
5 5 5 4 27 27 25
CWIP 0 2 0 0 0 0 0
Investments 8 12 30 31 37 53 83
471 472 529 729 1,111 1,541 1,703
Total Assets 484 490 564 764 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 43 53 101 -155 -275
-7 4 -18 -27 -92 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
Days Payable 39
Cash Conversion Cycle 190 1,626 124 94 85 34
Working Capital Days 1,680 620 407 421 310 441
ROCE % 18% 22% 30% 25% 17%

Shareholding Pattern

Numbers in percentages

8 Recently
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
74.95% 74.95% 74.95% 74.95% 69.60% 69.60% 69.60% 69.60%
7.13% 5.66% 2.51% 3.14% 1.94% 2.32% 2.18% 1.70%
4.02% 3.11% 1.42% 2.51% 2.49% 1.99% 1.45% 0.93%
13.91% 16.28% 21.12% 19.40% 25.96% 26.09% 26.76% 27.78%
No. of Shareholders 82,28259,30133,89831,73132,36934,06936,01640,059

* 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