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 ₹ 1,802 Cr.
- Current Price ₹ 406
- High / Low ₹ 410 / 256
- Stock P/E 47.4
- Book Value ₹ 26.3
- Dividend Yield 0.00 %
- ROCE 30.1 %
- ROE 68.7 %
- Face Value ₹ 5.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 56.6%
Cons
- Stock is trading at 15.4 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company's cost of borrowing seems high
* 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
Sector: Realty Industry: Construction
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 | |
|---|---|---|---|---|
| 58 | 164 | 204 | 246 | |
| 12 | 99 | 116 | 109 | |
| Operating Profit | 46 | 65 | 88 | 137 |
| OPM % | 79% | 39% | 43% | 56% |
| 1 | 2 | 1 | 1 | |
| Interest | 45 | 58 | 67 | 85 |
| Depreciation | 1 | 2 | 2 | 2 |
| Profit before tax | 1 | 7 | 20 | 51 |
| Tax % | 33% | 31% | 27% | 26% |
| 1 | 5 | 15 | 38 | |
| EPS in Rs | 1.43 | 7.68 | 4.48 | 11.42 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 62% |
| TTM: | 20% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 242% |
| TTM: | 155% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 57% |
| Last Year: | 69% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|---|
| Equity Capital | 7 | 7 | 17 | 17 | 17 |
| Reserves | 9 | 14 | 20 | 58 | 100 |
| 352 | 374 | 388 | 407 | 382 | |
| 116 | 96 | 140 | 241 | 280 | |
| Total Liabilities | 484 | 491 | 564 | 722 | 779 |
| 5 | 5 | 5 | 4 | 9 | |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 8 | 9 | 30 | 31 | 33 |
| 471 | 477 | 529 | 687 | 737 | |
| Total Assets | 484 | 491 | 564 | 722 | 779 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|
| -38 | 40 | 53 | 99 | |
| -7 | -6 | -18 | -27 | |
| 43 | -35 | -34 | -64 | |
| Net Cash Flow | -2 | -0 | 1 | 9 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|
| Debtor Days | 190 | 153 | 124 | 133 |
| Inventory Days | 4,859 | |||
| Days Payable | 165 | |||
| Cash Conversion Cycle | 190 | 4,848 | 124 | 133 |
| Working Capital Days | 2,078 | 702 | 666 | 600 |
| ROCE % | 17% | 21% | 30% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 1d
- Update on board meeting 2d
- Board Meeting Intimation for For Considering And Approving The Audited Standalone And Consolidated Financial Results For The Quarter And Year Ended March 31, 2024, Recommendation Of Dividend, If Any And Enabling Resolution For Raising Of Fund 2d
- Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 24 Apr
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 24 Apr
Concalls
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Feb 2024TranscriptNotesPPT
Property Portfolio[1] SEDL has land parcels located at Bandra (West) and Santacruz (East) for future development. As of October 31, 2023, they have land reserves of 10,359.77 sq. meters (Land parcels admeasuring 9,631.35 sq. meters situated at Bandra (West), and land parcels admeasuring 728.42 sq. meters located at Santacruz (East).