Suraj Estate Developers Ltd

Suraj Estate Developers Ltd

₹ 790 2.05%
27 Sep - close price
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

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).

  • Market Cap 3,504 Cr.
  • Current Price 790
  • High / Low 847 / 256
  • Stock P/E 43.6
  • Book Value 118
  • Dividend Yield 0.13 %
  • ROCE 25.3 %
  • ROE 23.9 %
  • Face Value 5.00

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 32.4%

Cons

  • 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
88 96 100 87 130
39 45 60 69 79
Operating Profit 49 51 40 18 51
OPM % 56% 53% 40% 21% 39%
0 0 0 15 8
Interest 18 24 18 13 15
Depreciation 0 1 0 1 1
Profit before tax 32 26 22 19 43
Tax % 25% 27% 25% 36% 25%
24 19 17 12 32
EPS in Rs 7.09 5.71 3.72 2.77 7.32
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
58 164 204 246 371 413
12 99 116 109 213 253
Operating Profit 46 65 88 137 158 160
OPM % 79% 39% 43% 56% 43% 39%
1 2 1 1 16 24
Interest 45 58 67 85 73 70
Depreciation 1 2 2 2 2 3
Profit before tax 1 7 20 51 99 110
Tax % 33% 31% 27% 26% 28%
1 5 15 38 71 80
EPS in Rs 1.43 7.68 4.48 11.42 16.09 19.52
Dividend Payout % 0% 0% 0% 0% 6%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 31%
TTM: 51%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 140%
TTM: 88%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: 32%
Last Year: 24%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 7 7 17 17 22
Reserves 9 14 20 58 502
352 374 388 407 355
116 96 140 283 296
Total Liabilities 484 491 564 764 1,175
5 5 5 4 27
CWIP 0 0 0 0 0
Investments 8 9 30 31 37
471 477 529 729 1,111
Total Assets 484 491 564 764 1,175

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-38 40 53 101 -156
-7 -6 -18 -27 -90
43 -35 -34 -65 240
Net Cash Flow -2 -0 1 9 -7

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 190 153 124 94 85
Inventory Days 4,859
Days Payable 165
Cash Conversion Cycle 190 4,848 124 94 85
Working Capital Days 2,078 702 666 600 444
ROCE % 17% 21% 30% 25%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2023Mar 2024Jun 2024
74.95% 74.95% 74.95%
7.13% 5.66% 2.51%
4.02% 3.11% 1.98%
13.91% 16.28% 20.56%
No. of Shareholders 82,28259,30133,898

* 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.

Click on the line-items to see the names of individual entities.

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