Suraj Estate Developers Ltd

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

Suraj Estate Developers Ltd

₹ 196 -5.39%
02 Jun - 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 ₹ 940 Cr.
  • Current Price ₹ 196
  • High / Low ₹ 399 / 169
  • Stock P/E 12.2
  • Book Value ₹ 206
  • Dividend Yield 0.00 %
  • ROCE 13.1 %
  • ROE 8.13 %
  • Face Value ₹ 5.00
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Pros

  • Stock is trading at 0.95 times its book value
  • Company has delivered good profit growth of 65.9% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 12.4% over last 3 years.
  • Earnings include an other income of Rs.61.0 Cr.
  • Debtor days have increased from 71.0 to 94.1 days.
  • Working capital days have increased from 476 days to 678 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

Part of 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 Mar 2026
88.03 96.06 99.66 87.05 130.03 104.34 142.26 130.16 126.88 141.08 87.04 49.10
38.66 45.47 59.59 69.05 79.02 50.88 108.51 124.95 92.28 91.54 75.74 22.33
Operating Profit 49.37 50.59 40.07 18.00 51.01 53.46 33.75 5.21 34.60 49.54 11.30 26.77
OPM % 56.08% 52.67% 40.21% 20.68% 39.23% 51.24% 23.72% 4.00% 27.27% 35.11% 12.98% 54.52%
0.35 0.28 0.16 15.26 8.22 9.54 13.29 15.39 14.14 14.99 15.50 16.34
Interest 17.70 24.44 18.08 13.02 14.84 17.37 16.77 5.38 15.93 15.29 14.11 26.75
Depreciation 0.48 0.57 0.24 1.00 0.97 1.20 1.29 1.18 1.04 1.04 1.04 1.15
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 15.21
Tax % 25.30% 26.57% 24.65% 36.02% 25.22% 27.23% 23.67% 31.84% 25.18% 25.10% 25.15% 45.56%
23.57 18.99 16.51 12.31 32.47 32.34 22.13 9.57 23.77 36.10 8.72 8.29
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 1.74
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
58 164 204 246 371 507 404
12 96 116 109 213 363 282
Operating Profit 46 68 88 137 158 143 122
OPM % 79% 42% 43% 56% 43% 28% 30%
1 2 1 1 16 46 61
Interest 45 59 67 85 73 54 72
Depreciation 1 2 2 2 2 5 4
Profit before tax 1 9 20 51 99 131 107
Tax % 33% 29% 27% 26% 28% 26% 28%
1 6 15 38 71 96 77
EPS in Rs 1.43 9.20 4.48 11.42 16.09 20.20 16.09
Dividend Payout % 0% 0% 0% 0% 6% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 20%
3 Years: 18%
TTM: -20%
Compounded Profit Growth
10 Years: %
5 Years: 66%
3 Years: 27%
TTM: -19%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -39%
Return on Equity
10 Years: %
5 Years: 15%
3 Years: 12%
Last Year: 8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 7 7 17 17 22 24 24
Reserves 9 15 20 58 502 883 960
352 358 388 407 355 369 466
116 111 140 283 296 344 275
Total Liabilities 484 490 564 764 1,175 1,620 1,724
5 5 5 4 27 27 25
CWIP 0 2 0 0 0 0 0
Investments 8 12 30 31 37 53 123
471 472 529 729 1,111 1,541 1,576
Total Assets 484 490 564 764 1,175 1,620 1,724

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-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
Free Cash Flow -43 40 52 99 -175 -278
CFO/OP -80% 64% 64% 75% -89% -183%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 190 148 124 94 85 34 94
Inventory Days 1,517 605
Days Payable 39 46
Cash Conversion Cycle 190 1,626 124 94 85 34 653
Working Capital Days 1,680 620 407 421 310 441 678
ROCE % 18% 22% 30% 25% 17% 13%

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

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

19 Recently
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
74.95% 74.95% 74.95% 74.95% 69.60% 69.60% 69.60% 69.60% 69.60% 69.80%
7.13% 5.66% 2.51% 3.14% 1.94% 2.32% 2.18% 1.70% 1.77% 2.23%
4.02% 3.11% 1.42% 2.51% 2.49% 1.99% 1.45% 0.93% 1.03% 1.11%
13.91% 16.28% 21.12% 19.40% 25.96% 26.09% 26.76% 27.78% 27.60% 26.87%
No. of Shareholders 82,28259,30133,89831,73132,36934,06936,01640,05940,18238,518

* 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.

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Documents

Announcements

Annual reports

DRHP

Concalls