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 0.87%
23 Jun 11:21 a.m.
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 ₹ 936 Cr.
  • Current Price ₹ 196
  • High / Low ₹ 383 / 169
  • Stock P/E 10.4
  • Book Value ₹ 208
  • Dividend Yield 0.00 %
  • ROCE 14.5 %
  • ROE 9.52 %
  • 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 70.4% 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 13.2% over last 3 years.

* 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

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
102 103 106 100 134 109 170 136 132 145 180 99
56 40 36 47 70 46 124 106 83 80 126 49
Operating Profit 47 63 70 53 63 63 46 30 50 65 54 50
OPM % 46% 61% 66% 53% 47% 58% 27% 22% 37% 45% 30% 50%
0 0 0 3 1 1 2 1 1 1 1 2
Interest 27 40 47 25 22 19 20 4 21 20 20 32
Depreciation 1 1 1 2 2 1 1 1 1 1 1 1
Profit before tax 19 23 22 30 40 44 26 26 28 44 34 19
Tax % 25% 26% 25% 34% 25% 27% 23% 30% 25% 25% 26% 43%
15 17 17 19 30 32 20 18 21 33 25 11
EPS in Rs 4.42 5.10 3.74 4.34 6.79 7.18 4.18 3.83 4.45 6.93 5.26 2.25
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
35 87 240 273 306 412 549 556
-20 20 153 141 155 179 346 338
Operating Profit 54 67 87 132 151 233 203 218
OPM % 157% 77% 36% 48% 49% 57% 37% 39%
1 2 4 1 2 3 4 5
Interest 53 64 79 93 107 139 66 92
Depreciation 1 2 2 4 3 4 5 5
Profit before tax 2 2 9 36 43 94 136 126
Tax % 25% 35% 31% 27% 26% 28% 26% 28%
2 2 6 27 32 67 100 90
EPS in Rs 2.36 2.18 9.44 7.93 9.67 15.22 20.97 18.90
Dividend Payout % -0% -0% -0% -0% -0% 6% -0% -0%
Compounded Sales Growth
10 Years: %
5 Years: 18%
3 Years: 22%
TTM: 1%
Compounded Profit Growth
10 Years: %
5 Years: 70%
3 Years: 41%
TTM: -9%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -45%
Return on Equity
10 Years: %
5 Years: 15%
3 Years: 13%
Last Year: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 6 6 6 16 16 21 23 23
Reserves 15 17 23 23 56 495 880 970
375 500 600 649 593 441 461 645
201 186 162 175 339 333 383 323
Total Liabilities 597 710 792 864 1,004 1,290 1,747 1,961
6 22 19 18 16 38 37 66
CWIP -0 -0 2 -0 -0 -0 -0 0
Investments 0 0 1 0 9 1 3 4
591 688 770 846 980 1,251 1,707 1,891
Total Assets 597 710 792 864 1,004 1,290 1,747 1,961

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-53 -32 -15 70 190 9 -306 -54
-4 -15 -7 -21 -27 -90 79 -15
59 45 27 -45 -157 70 238 94
Net Cash Flow 2 -2 5 4 6 -11 10 26
Free Cash Flow -54 -37 -17 68 189 -16 -307 -57
CFO/OP -97% -47% -16% 56% 130% 11% -142% -15%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 310 177 123 125 92 94 38 77
Inventory Days
Days Payable
Cash Conversion Cycle 310 177 123 125 92 94 38 77
Working Capital Days 3,253 1,691 688 529 411 532 776 922
ROCE % 15% 15% 20% 22% 29% 17% 15%

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

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Shareholding Pattern

Numbers in percentages

8 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