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Suraj Estate Developers Ltd

₹ 258-1.47%
05 Jan – close price
🔗surajestate.com•BSE: 544054•NSE: SURAJEST
Market Cap₹ 1,231 Cr.
Current Price₹ 258
High / Low₹ 629
Stock P/E13.4
Book Value₹ 202
Dividend Yield0.00 %
ROCE17.1 %
ROE13.4 %
Face Value₹ 5.00
Sales₹ 540 Cr.
OPM22.8 %
Mar Cap₹ 1,231 Cr.

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 a61% 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.

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsRevenue GuidanceAsset Base ExpansionCapacity Expansion And ProductsPreferential IssuanceOrder Book PositionLarge Order ReceiptsJv Partnerships AcquisitionsRevenue Guidance Vs ActualsCredit Rating UpdatesRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.DLF711.3545.62176081.300.841180.09-27.081643.04-16.816.519016.0322.473859.741007.104.097.300.04
2.Lodha Developers1120.0033.60111859.680.38789.8086.503798.5044.6715.6215597.5029.613329.50788.705.265.700.45
3.Prestige Estates1667.1093.8071807.040.11457.40123.882431.705.527.667921.9036.60765.50430.304.541.150.92
4.Phoenix Mills1924.5064.3368819.790.13384.0939.381115.4321.5110.754059.8957.731069.86303.996.386.110.46
5.Godrej Propert.2124.2041.2863982.250.00402.9920.84740.38-32.286.574265.55-18.341549.83405.083.492.670.89
6.Oberoi Realty1740.0028.3363266.790.46760.2628.981779.0434.7917.735327.8156.592233.06760.263.7810.230.18
7.Brigade Enterpr.902.6027.7422068.410.28170.2836.581383.3729.0313.345588.8426.50795.44162.503.403.390.83
8.Suraj Estate257.6013.441230.640.0036.1011.63141.0835.2117.06540.3822.7891.5736.101.276.830.44
–Median: 96 Co.166.3534.22867.70.04.29.344.199.847.61164.1316.911.183.32.972.390.44

Quarterly Results

Standalone figures in ₹ crores

Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2024Mar 2025Sep 2023Sep 2024Sep 2025
Sales
100142881301278713096104141
Expenses
6010939799269125455192
Operating Profit
4034495135185515350
Other Income
0130814151501015
Profit before tax
22293243321914264448
Tax %
25%24%25%25%25%36%32%27%27%25%
Net Profit
17222432241210193236
EPS in Rs
3.724.637.097.324.982.772.005.717.297.56

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
58164204246371507540
Expenses
1296116109213363417
Operating Profit
466888137158143123
Other Income
1211164658
Interest
45596785735453
Depreciation
1222255
Profit before tax
19205199131123
Net Profit
161538719692
EPS in Rs
1.439.204.4811.4216.0920.2019.17
Dividend Payout %
0%0%0%0%6%0%–

Compounded Profit Growth

10 Years:%
5 Years:151%
3 Years:86%
TTM:-2%

Compounded Sales Growth

10 Years:%
5 Years:54%
3 Years:35%
TTM:28%

Return on Equity

10 Years:%
5 Years:20%
3 Years:19%
Last Year:13%

Stock Price CAGR

10 Years:%
5 Years:%
3 Years:%
1 Year:-57%

Balance Sheet

Standalone figures in ₹ crores

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
771717222424
Reserves
9152058502883943
Borrowings
352358388407355369425
Other Liabilities
116111140283296344420
Total Liabilities
4844905647641,1751,6201,811
Fixed Assets
5554272725
Gross Block
8.419.5213.6914.4439.7944.10–
Accumulated Depreciation
3.594.548.7810.6412.9217.55–
CWIP
0200000
Investments
8123031375383
Other Assets
4714725297291,1111,5411,703
Total Assets
4844905647641,1751,6201,811

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
-384353101-155-275
Cash from Investing Activity
-74-18-27-9238
Cash from Financing Activity
43-47-34-65240243
Net Cash Flow
-2-019-77

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
190148124948534
Inventory Days
–1,517––––
Days Payable
–39––––
Cash Conversion Cycle
1901,626124948534
Working Capital Days
1,680620407421310441
ROCE %
–18%22%30%25%17%

Shareholding Pattern

Numbers in percentages

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
74.95%74.95%74.95%74.95%69.60%69.60%69.60%69.60%
FIIs
7.13%5.66%2.51%3.14%1.94%2.32%2.18%1.70%
DIIs
4.02%3.11%1.42%2.51%2.49%1.99%1.45%0.93%
Public
13.91%16.28%21.12%19.40%25.96%26.09%26.76%27.78%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Suraj Estate Developers Acquires Dadar Land for ~₹18 Cr, Targets ₹100 Cr GDV Project

16th April 2026, 1:17 am

Suraj Estate Developers Acquires Land for ₹18 Crore, Plans ₹100 Crore GDV Project in Dadar

16th April 2026, 1:13 am

Suraj Estate Developers Files SEBI Compliance Certificate

13th April 2026, 6:24 pm

Suraj Estate Developers: Trading Window Closes from April 1 for Financial Results

27th March 2026, 6:48 pm

Margarette Shwetha Thomas Acquires 7,000 Shares in Suraj Estate Developers, Upping Stake to 69.80%

13th March 2026, 11:34 pm

Published by Other Websites

External media mentions & references

Luxury Developer Suraj Estate Jumps 15% After Dadar Land Acquisition

16th April 2026, 10:48 am

Suraj Estate Developers Eyes ₹100 Cr GDV With Mumbai Land Acquisition

16th April 2026, 7:36 am

HDB Financial Soars, Tejas Networks Plunges as Stocks in Focus April 16

16th April 2026, 7:16 am

10+ Firms Active: Mega Contracts, M&A, and Investments Shake Up Markets

16th April 2026, 7:10 am

Suraj Estate Targets ₹100 Crore GDV with Dadar Land Acquisition

15th April 2026, 8:26 pm

News Articles

Editorial & research coverage

Six Indian Stocks Turn Ex-Dividend Tomorrow; Market Watchers Track Payouts Amidst Current Trading Levels
Six Indian Stocks Turn Ex-Dividend Tomorrow; Market Watchers Track Payouts Amidst Current Trading Levels

22nd January 2026, 8:31 am

Mumbai Prime Land Grab! Suraj Estate Developers Secures Key Bandra Plots for Massive Growth Push – What This Means for Investors!
Mumbai Prime Land Grab! Suraj Estate Developers Secures Key Bandra Plots for Massive Growth Push – What This Means for Investors!

19th December 2025, 6:40 pm

Real Estate Boom: Top Firms Book ₹92,500 Cr Sales in 6 Months! Prestige Leads as Demand Surges
Real Estate Boom: Top Firms Book ₹92,500 Cr Sales in 6 Months! Prestige Leads as Demand Surges

23rd November 2025, 3:46 pm

Stocks to Watch: Bharat Dynamics Lands ₹2095 Cr Defence Deal, CESC Plans Mega ₹4500 Cr Plant, Zydus Pharma Navigates USFDA!
Stocks to Watch: Bharat Dynamics Lands ₹2095 Cr Defence Deal, CESC Plans Mega ₹4500 Cr Plant, Zydus Pharma Navigates USFDA!

14th November 2025, 7:19 am

Mumbai Real Estate SHOCKER: Suraj Estate Unveils Massive ₹1200 Crore Commercial Project! See Details
Mumbai Real Estate SHOCKER: Suraj Estate Unveils Massive ₹1200 Crore Commercial Project! See Details

13th November 2025, 7:19 pm

Documents

Announcements

Announcement under Regulation 30 (LODR)-Press Release / Media Release

10h - Recorded ₹200 crore gross bookings (40,000 sq ft) for One Business Bay within 45 days of mid-November 2025 launch.

Closure of Trading Window
Revised Disclosure With Respect To Adjudication Of Show Cause Notice From The Office Of The Commissioner Of CGST & Central Excise, Mumbai Central On 19Th December, 2025 Submitted By The Company Dated 22-12-2025

23 Dec - Received CGST adjudication (Show Cause Notice) dated 19 Dec 2025; delayed exchange disclosure, company apologised.

Intimation Of The Adjudication Of Show Cause Notice From The Office Of The Commissioner Of CGST & Central Excise, Mumbai Central On 19Th December, 2025.

22 Dec - Received GST adjudication (Dec 15 order, received Dec 19) demand Rs18.61cr plus Rs18.43cr penalty; company to appeal.

Intimation For Acquisition Of Land

19 Dec - Acquired two Bandra (West) parcels: 1,760 sqm and 906.37 sqm for new project development (Dec 19, 2025).

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Credit Ratings

No credit ratings.

Concalls

Nov 2025

TranscriptPPTRecording

Aug 2025

TranscriptPPT

Jun 2025

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Feb 2025

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Nov 2024

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Aug 2024

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May 2024

TranscriptPPT

Feb 2024

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Stock Analysis

Description

  1. Suraj Estate Developers Limited is a real estate construction company that develops residential and commercial real estate in the South Central Mumbai region.

Key Growth Triggers

  1. Leadership in Redevelopment of Properties, with a significant market share in South Central Mumbai.
  2. Focus on the value luxury and commercial segments, supported by strategic project launches like 'Suraj Park View 1' and 'One Business Bay'.
  3. Expansion of project pipeline through strategic land acquisitions, such as parcels in Lower Parel and Bandra (West).
  4. Expertise in settling tenants and redeveloping properties.

Order Book

  1. Currently no data available for Order Book.

Key Red Flags

  1. Substantial GST demand notice of ₹18.61 Cr with a penalty of ₹18.43 Cr for FY18-23, against which the company plans to appeal.
  2. Previous regulatory compliance issues including a warning letter from NSE for ICDR violations and fines from NSE/BSE regarding board composition and risk management committee.
  3. Consolidated basic EPS declined YoY in Q2 FY26, indicating pressure despite revenue growth.
  4. CARE Ratings flagged the company's share price decline potentially impacting the viability of outstanding warrants.

Key Dates To Watch

  1. Upcoming investor and analyst meetings scheduled for January 13, 2026, in Mumbai.
  2. Q3 FY26 financial results announcement pending.
  3. Ongoing appeals process for the GST demand notice.

Corporate Announcements

15th Apr 26
Impact Rating: 8
Suraj Estate Developers acquired land in Mumbai's Dadar (West) for approximately ₹18.00 Crores. The company plans a redevelopment project on the 2,200 sq ft plot with an estimated Gross Development Value (GDV) of around ₹100 Crores.
15th Apr 26
Impact Rating: 8
Suraj Estate Developers Limited has acquired land in Dadar (West), Mumbai, for approximately ₹18.00 Crores. A redevelopment project with an estimated GDV of ₹100 crores is planned.
13th Apr 26
Impact Rating: 2
Suraj Estate Developers has filed a certificate with SEBI confirming its adherence to depositories and participants regulations for the period ending March 31, 2026.
27th Mar 26
Impact Rating: 6
Suraj Estate Developers will close its trading window for designated persons and relatives from April 1, 2026. The closure continues until 48 hours post announcement of audited Q4 FY26 financial results.
13th Mar 26
Impact Rating: 8
Margarette Shwetha Thomas purchased 7,000 shares of Suraj Estate Developers on March 12, 2026, boosting her total holding with PACs to 69.80%.