Suraj Estate Developers Ltd

NSE: SURAJEST BSE: 544054Infra

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]

₹212

52W: ₹169 — ₹399

PE 13 · Book ₹202 · +5% vs book

Market Cap₹1,014 Cr

Stock P/E13Price to Earnings

ROCE17.1%Return on Capital

ROE13.4%Return on Equity

Div. Yield0%Face Value ₹5

Strengths

+Stock is trading at 1.08 times its book value
+Company has delivered good profit growth of 151% CAGR over last 5 years
+Debtor days have improved from 71.0 to 34.4 days.

Weaknesses

−Earnings include an other income of Rs.60.0 Cr.

Shareholding Pattern

Promoters69.8%

FIIs2.23%

DIIs1.11%

Public26.87%

Category	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Promoters	74.95%	74.95%	69.6%▼5.4	69.6%	69.6%	69.6%	69.6%	69.8%▲0.2
FIIs	2.51%	3.14%▲0.6	1.94%▼1.2	2.32%▲0.4	2.18%▼0.1	1.7%▼0.5	1.77%▲0.1	2.23%▲0.5
DIIs	1.42%	2.51%▲1.1	2.49%▼0.0	1.99%▼0.5	1.45%▼0.5	0.93%▼0.5	1.03%▲0.1	1.11%▲0.1
Public	21.12%	19.4%▼1.7	25.96%▲6.6	26.09%▲0.1	26.76%▲0.7	27.78%▲1.0	27.6%▼0.2	26.87%▼0.7

Financial Statements

Metric	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	96.06	99.66	87.05	130.03	104.34	142.26	130.16	126.88	141.08	87.04
Expenses	45.47	59.59	69.05	79.02	50.88	108.51	124.95	92.28	91.54	75.74
Operating Profit	50.59	40.07	18	51.01	53.46	33.75	5.21	34.6	49.54	11.3
OPM %	52.67%	40.21%	20.68%	39.23%	51.24%	23.72%	4%	27.27%	35.11%	12.98%
Net Profit	18.99	16.51	12.31	32.47	32.34	22.13	9.57	23.77	36.1	8.72
EPS ₹	5.71	3.72	2.77	7.32	7.29	4.63	2	4.98	7.56	1.83

AI Insights

Revenue Trend

TTM revenue at ₹485Cr, down 4.3% YoY. OPM at 21%.

Debt Position

Borrowings at ₹425Cr. Debt-to-equity ratio: 0.45x. Healthy balance sheet.

Institutional Flow

DIIs: 1.11% (-2.91pp change). FIIs: 2.23% (-4.90pp change). Promoters hold 69.8%.

Margin & Efficiency

ROCE improving from 0% (Mar 2020) to 17% (Mar 2025). Working capital days: 441.

Valuation

PE 13x with 17.1% ROCE. Price is 5% above book value of ₹202. Dividend yield: 0%.