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 ₹ 1,800 Cr.
- Current Price ₹ 377
- High / Low ₹ 847 / 270
- Stock P/E 18.0
- Book Value ₹ 189
- Dividend Yield 0.27 %
- ROCE 17.4 %
- ROE 14.1 %
- Face Value ₹ 5.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 134% CAGR over last 5 years
- Debtor days have improved from 74.8 to 37.6 days.
Cons
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
35 | 87 | 240 | 273 | 306 | 412 | 549 | |
-20 | 20 | 153 | 141 | 155 | 179 | 346 | |
Operating Profit | 54 | 67 | 87 | 132 | 151 | 233 | 203 |
OPM % | 157% | 77% | 36% | 48% | 49% | 57% | 37% |
1 | 2 | 4 | 1 | 2 | 3 | 4 | |
Interest | 53 | 64 | 79 | 93 | 107 | 139 | 66 |
Depreciation | 1 | 2 | 2 | 4 | 3 | 4 | 5 |
Profit before tax | 2 | 2 | 9 | 36 | 43 | 94 | 136 |
Tax % | 25% | 35% | 31% | 27% | 26% | 28% | 26% |
2 | 2 | 6 | 27 | 32 | 67 | 100 | |
EPS in Rs | 2.36 | 2.18 | 9.44 | 7.93 | 9.67 | 15.22 | 20.97 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 6% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 45% |
3 Years: | 26% |
TTM: | 33% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 134% |
3 Years: | 56% |
TTM: | 48% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | -4% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 21% |
3 Years: | 19% |
Last Year: | 14% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
Equity Capital | 6 | 6 | 6 | 16 | 16 | 21 | 23 |
Reserves | 15 | 17 | 23 | 23 | 56 | 495 | 880 |
375 | 500 | 600 | 649 | 593 | 441 | 461 | |
201 | 186 | 162 | 175 | 339 | 333 | 383 | |
Total Liabilities | 597 | 710 | 792 | 864 | 1,004 | 1,290 | 1,747 |
6 | 22 | 19 | 18 | 16 | 38 | 37 | |
CWIP | 0 | 0 | 2 | 0 | 0 | 0 | 0 |
Investments | 0 | 0 | 1 | 0 | 9 | 1 | 3 |
591 | 688 | 770 | 846 | 980 | 1,251 | 1,707 | |
Total Assets | 597 | 710 | 792 | 864 | 1,004 | 1,290 | 1,747 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
-53 | -32 | -15 | 70 | 190 | 9 | -326 | |
-4 | -15 | -7 | -21 | -27 | -90 | 79 | |
59 | 45 | 27 | -45 | -157 | 70 | 238 | |
Net Cash Flow | 2 | -2 | 5 | 4 | 6 | -11 | -10 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
Debtor Days | 310 | 177 | 123 | 125 | 92 | 94 | 38 |
Inventory Days | |||||||
Days Payable | |||||||
Cash Conversion Cycle | 310 | 177 | 123 | 125 | 92 | 94 | 38 |
Working Capital Days | 3,992 | 2,073 | 895 | 853 | 707 | 697 | 854 |
ROCE % | 15% | 15% | 20% | 22% | 29% | 17% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
2 Jun - Suraj Estate Q4 FY25 earnings; Rs. 2,000 Cr launches planned in FY26 including Rs. 1,200 Cr commercial project.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
30 May - Annual Secretarial Compliance Report confirms full regulatory compliance for FY 2024-25.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
28 May - Uploaded audio recording of Q4 and FY2025 analyst/investor conference call.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 28 May
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Statement Of Deviation/Variation For The Quarter Ended March 31, 2025
28 May - Suraj Estate reports Rs. 343.39 Cr raised vs Rs. 500 Cr planned; fund allocation revised accordingly.
Concalls
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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.