Suraj Estate Developers Ltd

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

Suraj Estate Developers Ltd

₹ 680 3.87%
03 Dec - close price
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 ₹ 3,007 Cr.
  • Current Price ₹ 680
  • High / Low ₹ 847 / 256
  • Stock P/E 30.8
  • Book Value ₹ 129
  • Dividend Yield 0.15 %
  • ROCE 28.7 %
  • ROE 23.0 %
  • Face Value ₹ 5.00
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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

  • 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

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
102 103 106 100 134 109
56 40 36 47 70 46
Operating Profit 47 63 70 53 63 63
OPM % 46% 61% 66% 53% 47% 58%
0 0 0 3 1 1
Interest 27 40 47 25 22 19
Depreciation 1 1 1 2 2 1
Profit before tax 19 23 22 30 40 44
Tax % 25% 26% 25% 34% 25% 27%
15 17 17 19 30 32
EPS in Rs 4.42 5.10 3.74 4.34 6.79 7.18
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
35 87 240 273 306 412 449
-20 20 153 141 155 179 199
Operating Profit 54 67 87 132 151 233 250
OPM % 157% 77% 36% 48% 49% 57% 56%
1 2 4 1 2 3 4
Interest 53 64 79 93 107 139 113
Depreciation 1 2 2 4 3 4 5
Profit before tax 2 2 9 36 43 94 136
Tax % 25% 35% 31% 27% 26% 28%
2 2 6 27 32 67 98
EPS in Rs 2.36 2.18 9.44 7.93 9.67 15.22 22.05
Dividend Payout % 0% 0% 0% 0% 0% 6%
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 Sep 2024
Equity Capital 6 6 6 16 16 21 21
Reserves 15 17 23 23 56 495 549
375 500 600 649 593 441 449
201 186 162 175 339 333 379
Total Liabilities 597 710 792 864 1,004 1,290 1,399
6 22 19 18 16 38 37
CWIP 0 0 2 0 0 0 0
Investments 0 0 1 0 9 1 14
591 688 770 846 980 1,251 1,349
Total Assets 597 710 792 864 1,004 1,290 1,399

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-53 -32 -15 70 190 9
-4 -15 -7 -21 -27 -90
59 45 27 -45 -157 70
Net Cash Flow 2 -2 5 4 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 92 94
Inventory Days
Days Payable
Cash Conversion Cycle 310 177 123 125 92 94
Working Capital Days 3,992 2,073 895 853 707 697
ROCE % 15% 15% 20% 22% 29%

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