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 ₹ 2,553 Cr.
- Current Price ₹ 575
- High / Low ₹ 590 / 256
- Stock P/E 37.8
- Book Value ₹ 116
- Dividend Yield 0.00 %
- ROCE 28.9 %
- ROE 23.0 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 112% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 32.9%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- 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
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 | |
|---|---|---|---|---|---|---|
| 35 | 87 | 240 | 273 | 306 | 412 | |
| -20 | 20 | 153 | 141 | 155 | 179 | |
| Operating Profit | 54 | 67 | 87 | 132 | 151 | 233 |
| OPM % | 157% | 77% | 36% | 48% | 49% | 57% |
| 1 | 2 | 4 | 1 | 2 | 3 | |
| Interest | 53 | 64 | 79 | 93 | 107 | 139 |
| Depreciation | 1 | 2 | 2 | 4 | 3 | 4 |
| Profit before tax | 2 | 2 | 9 | 36 | 43 | 94 |
| Tax % | 25% | 35% | 31% | 27% | 26% | 28% |
| 2 | 2 | 6 | 26 | 32 | 67 | |
| EPS in Rs | 2.36 | 2.18 | 9.44 | 7.97 | 9.67 | 15.22 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 64% |
| 3 Years: | 20% |
| TTM: | 35% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 112% |
| 3 Years: | 121% |
| TTM: | 110% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 31% |
| 3 Years: | 33% |
| Last Year: | 23% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 16 | 16 | 21 |
| Reserves | 15 | 17 | 23 | 23 | 56 | 495 |
| 375 | 500 | 600 | 638 | 593 | 430 | |
| 201 | 186 | 162 | 187 | 278 | 344 | |
| Total Liabilities | 597 | 710 | 792 | 864 | 943 | 1,290 |
| 6 | 22 | 19 | 16 | 16 | 38 | |
| CWIP | 0 | 0 | 2 | 1 | 0 | 0 |
| Investments | 0 | 0 | 1 | 0 | 9 | 1 |
| 591 | 688 | 770 | 846 | 918 | 1,251 | |
| Total Assets | 597 | 710 | 792 | 864 | 943 | 1,290 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| -53 | -32 | -15 | 70 | 189 | 9 | |
| -4 | -15 | -7 | -26 | -27 | -90 | |
| 59 | 45 | 27 | -45 | -156 | 70 | |
| Net Cash Flow | 2 | -2 | 5 | -1 | 6 | -11 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Debtor Days | 310 | 177 | 123 | 125 | 135 | 94 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 310 | 177 | 123 | 125 | 135 | 94 |
| Working Capital Days | 3,992 | 2,073 | 895 | 852 | 707 | 698 |
| ROCE % | 15% | 15% | 20% | 22% |
Documents
Announcements
- Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015 (The ''Listing Regulations'') 4h
- Announcement Under Regulation 30 (LODR) - Reply To BSE For Clarification On Price Movement 28 Jun
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Clarification sought from Suraj Estate Developers Ltd
27 Jun - Exchange has sought clarification from Suraj Estate Developers Ltd on June 27, 2024 with reference to significant movement in price, in order to ensure that …
- Closure of Trading Window 27 Jun
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 14 Jun
Concalls
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May 2024Transcript PPT
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Feb 2024TranscriptNotesPPT
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).