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 ₹ 1,157 Cr.
- Current Price ₹ 242
- High / Low ₹ 399 / 169
- Stock P/E 11.8
- Book Value ₹ 200
- Dividend Yield 0.00 %
- ROCE 17.3 %
- ROE 14.0 %
- Face Value ₹ 5.00
Pros
- Company has delivered good profit growth of 133% 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
Part of BSE Consumer Discretionary
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 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 35 | 87 | 240 | 273 | 306 | 412 | 549 | 594 | |
| -20 | 20 | 153 | 141 | 155 | 179 | 346 | 396 | |
| Operating Profit | 54 | 67 | 87 | 132 | 151 | 233 | 203 | 198 |
| OPM % | 157% | 77% | 36% | 48% | 49% | 57% | 37% | 33% |
| 1 | 2 | 4 | 1 | 2 | 3 | 4 | 4 | |
| Interest | 53 | 64 | 79 | 93 | 107 | 139 | 66 | 65 |
| Depreciation | 1 | 2 | 2 | 4 | 3 | 4 | 5 | 4 |
| Profit before tax | 2 | 2 | 9 | 36 | 43 | 94 | 136 | 133 |
| Tax % | 25% | 35% | 31% | 27% | 26% | 28% | 26% | |
| 2 | 2 | 6 | 27 | 32 | 67 | 100 | 98 | |
| EPS in Rs | 2.36 | 2.18 | 9.44 | 7.93 | 9.67 | 15.22 | 20.97 | 20.47 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 6% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 45% |
| 3 Years: | 26% |
| TTM: | 16% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 133% |
| 3 Years: | 55% |
| TTM: | -3% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -23% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 16 | 16 | 21 | 23 | 23 |
| Reserves | 15 | 17 | 23 | 23 | 56 | 495 | 880 | 934 |
| 375 | 500 | 600 | 649 | 593 | 441 | 461 | 550 | |
| 201 | 186 | 162 | 175 | 339 | 333 | 383 | 481 | |
| Total Liabilities | 597 | 710 | 792 | 864 | 1,004 | 1,290 | 1,747 | 1,988 |
| 6 | 22 | 19 | 18 | 16 | 38 | 37 | 35 | |
| CWIP | 0 | 0 | 2 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 1 | 0 | 9 | 1 | 3 | 16 |
| 591 | 688 | 770 | 846 | 980 | 1,251 | 1,707 | 1,937 | |
| Total Assets | 597 | 710 | 792 | 864 | 1,004 | 1,290 | 1,747 | 1,988 |
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 | -306 | |
| -4 | -15 | -7 | -21 | -27 | -90 | 79 | |
| 59 | 45 | 27 | -45 | -157 | 70 | 238 | |
| Net Cash Flow | 2 | -2 | 5 | 4 | 6 | -11 | 10 |
| Free Cash Flow | -54 | -37 | -17 | 68 | 189 | -16 | -307 |
| CFO/OP | -97% | -47% | -16% | 56% | 130% | 11% | -142% |
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 | 3,253 | 1,691 | 688 | 529 | 411 | 532 | 776 |
| ROCE % | 15% | 15% | 20% | 22% | 29% | 17% |
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 |
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| Pre-sales Value INR Crores |
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| Sales Area (Volume) Sq. Ft. |
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| Average Realisation INR/Sq. Ft. |
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| Number of Tenants Rehoused Number |
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Extracted by Screener AI
Documents
Announcements
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Disclosure Under Regulation 30 (LODR) Regulations- General
15 Apr - Suraj Estate acquires Dadar West land for ~₹18 crore, enabling ~₹100 crore GDV redevelopment project.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
15 Apr - Acquired Dadar West land for ~₹18 crore; potential ~₹100 crore GDV project.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
13 Apr - Regulation 74(5) certificate submitted for quarter and year ended March 31, 2026.
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Intimation Of Non-Exercise Of Option To Convert Warrants
9 Apr - 13.30 lakh warrants lapsed on 8 Apr 2026; ₹49.88 crore upfront amount forfeited.
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Closure of Trading Window
27 Mar - Trading window closed April 1, 2026 until 48 hours after audited results for March 31, 2026.
Concalls
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT REC
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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 2024TranscriptAI SummaryPPT
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.