Suraj Estate Developers Ltd

Suraj Estate Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Suraj Estate Developers Ltd

₹ 676 -0.46%
04 Dec 2:34 p.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 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.

Website BSE NSE
  • Market Cap ₹ 2,999 Cr.
  • Current Price ₹ 676
  • High / Low ₹ 847 / 256
  • Stock P/E 32.0
  • Book Value ₹ 131
  • Dividend Yield 0.15 %
  • ROCE 25.3 %
  • ROE 23.9 %
  • Face Value ₹ 5.00
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Pros

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

Cons

  • Promoter holding has decreased over last quarter: -5.35%
  • 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

Part of BSE SmallCap BSE IPO BSE Allcap BSE Consumer Discretionary

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
88 96 100 87 130 104
39 45 60 69 79 51
Operating Profit 49 51 40 18 51 53
OPM % 56% 53% 40% 21% 39% 51%
0 0 0 15 8 10
Interest 18 24 18 13 15 17
Depreciation 0 1 0 1 1 1
Profit before tax 32 26 22 19 43 44
Tax % 25% 27% 25% 36% 25% 27%
24 19 17 12 32 32
EPS in Rs 7.09 5.71 3.72 2.77 7.32 7.29
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
58 164 204 246 371 421
12 96 116 109 213 259
Operating Profit 46 68 88 137 158 163
OPM % 79% 42% 43% 56% 43% 39%
1 2 1 1 16 33
Interest 45 59 67 85 73 63
Depreciation 1 2 2 2 2 3
Profit before tax 1 9 20 51 99 129
Tax % 33% 29% 27% 26% 28%
1 6 15 38 71 94
EPS in Rs 1.43 9.20 4.48 11.42 16.09 21.10
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: 127%
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 Sep 2024
Equity Capital 7 7 17 17 22 22
Reserves 9 15 20 58 502 559
352 358 388 407 355 349
116 111 140 283 296 390
Total Liabilities 484 490 564 764 1,175 1,320
5 5 5 4 27 27
CWIP 0 2 0 0 0 0
Investments 8 12 30 31 37 45
471 472 529 729 1,111 1,248
Total Assets 484 490 564 764 1,175 1,320

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-38 43 53 101 -156
-7 4 -18 -27 -90
43 -47 -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 190 148 124 94 85
Inventory Days 1,517
Days Payable 39
Cash Conversion Cycle 190 1,626 124 94 85
Working Capital Days 2,078 784 666 600 444
ROCE % 18% 22% 30% 25%

Shareholding Pattern

Numbers in percentages

5 Recently
Dec 2023Mar 2024Jun 2024Sep 2024Oct 2024
74.95% 74.95% 74.95% 74.95% 69.60%
7.13% 5.66% 2.51% 3.14% 2.80%
4.02% 3.11% 1.42% 2.51% 2.36%
13.91% 16.28% 21.12% 19.40% 25.25%
No. of Shareholders 82,28259,30133,89831,73131,339

* 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.

Documents

Announcements

Annual reports

DRHP

Concalls