Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 103 | 106 | 100 | 134 | 109 | 170 | 136 | 132 | 145 | 180 | 99 | 145 |
| Expenses | 40 | 36 | 47 | 70 | 46 | 124 | 106 | 83 | 80 | 126 | 49 | 91 |
| Operating Profit | 63 | 70 | 53 | 63 | 63 | 46 | 30 | 50 | 65 | 54 | 50 | 53 |
| OPM % | 61% | 66% | 53% | 47% | 58% | 27% | 22% | 37% | 45% | 30% | 50% | 37% |
| Other Income | 0 | 0 | 3 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 2 | 2 |
| Interest | 40 | 47 | 25 | 22 | 19 | 20 | 4 | 21 | 20 | 20 | 32 | 22 |
| Depreciation | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 23 | 22 | 30 | 40 | 44 | 26 | 26 | 28 | 44 | 34 | 19 | 31 |
| Tax % | 26% | 25% | 34% | 25% | 27% | 23% | 30% | 25% | 25% | 26% | 43% | 27% |
| Net Profit | 17 | 17 | 19 | 30 | 32 | 20 | 18 | 21 | 33 | 25 | 11 | 23 |
| EPS in Rs | 5.10 | 3.74 | 4.34 | 6.79 | 7.18 | 4.18 | 3.83 | 4.45 | 6.93 | 5.26 | 2.25 | 4.78 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 35 | 87 | 240 | 273 | 306 | 412 | 549 | 556 | 568 |
| Expenses | -20 | 20 | 153 | 141 | 155 | 179 | 346 | 338 | 347 |
| Operating Profit | 54 | 67 | 87 | 132 | 151 | 233 | 203 | 218 | 221 |
| OPM % | 157% | 77% | 36% | 48% | 49% | 57% | 37% | 39% | 39% |
| Other Income | 1 | 2 | 4 | 1 | 2 | 3 | 4 | 5 | 6 |
| Interest | 53 | 64 | 79 | 93 | 107 | 139 | 66 | 92 | 94 |
| Depreciation | 1 | 2 | 2 | 4 | 3 | 4 | 5 | 5 | 5 |
| Profit before tax | 2 | 2 | 9 | 36 | 43 | 94 | 136 | 126 | 129 |
| Tax % | 25% | 35% | 31% | 27% | 26% | 28% | 26% | 28% | |
| Net Profit | 2 | 2 | 6 | 27 | 32 | 67 | 100 | 90 | 92 |
| EPS in Rs | 2.36 | 2.18 | 9.44 | 7.93 | 9.67 | 15.22 | 20.97 | 18.90 | 19.22 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | 6% | -0% | -0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 18% | 22% | 4% | ||
| Compounded Profit Growth | % | 70% | 41% | 0% | ||
| Stock Price CAGR | % | % | % | -25% | ||
| Return on Equity | % | 15% | 13% | 10% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 16 | 16 | 21 | 23 | 23 |
| Reserves | 15 | 17 | 23 | 23 | 56 | 495 | 880 | 970 |
| Borrowings | 375 | 500 | 600 | 649 | 593 | 441 | 461 | 645 |
| Other Liabilities | 201 | 186 | 162 | 175 | 339 | 333 | 383 | 323 |
| Total Liabilities | 597 | 710 | 792 | 864 | 1,004 | 1,290 | 1,747 | 1,961 |
| Fixed Assets | 6 | 22 | 19 | 18 | 16 | 38 | 37 | 66 |
| CWIP | -0 | -0 | 2 | -0 | -0 | -0 | -0 | 0 |
| Investments | 0 | 0 | 1 | 0 | 9 | 1 | 3 | 4 |
| Other Assets | 591 | 688 | 770 | 846 | 980 | 1,251 | 1,707 | 1,891 |
| Total Assets | 597 | 710 | 792 | 864 | 1,004 | 1,290 | 1,747 | 1,961 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -53 | -32 | -15 | 70 | 190 | 9 | -306 | -54 |
| Cash from Investing Activity | -4 | -15 | -7 | -21 | -27 | -90 | 79 | -15 |
| Cash from Financing Activity | 59 | 45 | 27 | -45 | -157 | 70 | 238 | 94 |
| Net Cash Flow | 2 | -2 | 5 | 4 | 6 | -11 | 10 | 26 |
| Free Cash Flow | -54 | -37 | -17 | 68 | 189 | -16 | -307 | -57 |
| CFO/OP | -97% | -47% | -16% | 56% | 130% | 11% | -142% | -15% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 310 | 177 | 123 | 125 | 92 | 94 | 38 | 77 |
| Inventory Days | ||||||||
| Days Payable | ||||||||
| Cash Conversion Cycle | 310 | 177 | 123 | 125 | 92 | 94 | 38 | 77 |
| Working Capital Days | 3,253 | 1,691 | 688 | 529 | 411 | 532 | 776 | 922 |
| ROCE % | 15% | 15% | 20% | 22% | 29% | 17% | 15% |
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 74.95% | 74.95% | 74.95% | 74.95% | 69.60% | 69.60% | 69.60% | 69.60% | 69.60% | 69.80% | 69.80% |
| FIIs | 7.13% | 5.66% | 2.51% | 3.14% | 1.94% | 2.32% | 2.18% | 1.70% | 1.77% | 2.23% | 1.31% |
| DIIs | 4.02% | 3.11% | 1.42% | 2.51% | 2.49% | 1.99% | 1.45% | 0.93% | 1.03% | 1.11% | 1.02% |
| Public | 13.91% | 16.28% | 21.12% | 19.40% | 25.96% | 26.09% | 26.76% | 27.78% | 27.60% | 26.87% | 27.87% |
| No. of Shareholders | 82,282 | 59,301 | 33,898 | 31,731 | 32,369 | 34,069 | 36,016 | 40,059 | 40,182 | 38,518 | 38,247 |
Fundamentals
Market Cap₹ 1,001 Cr.
Current Price₹ 209
Stock P/E10.9
Book Value₹ 208
ROCE14.5 %
ROE9.52 %
Dividend Yield0.00 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)4%
Compounded Profit Growth (TTM)0%
Consolidated figures.
Valuation
Market capRs 858 Cr
Enterprise valueRs 1,188 Cr
P/E (TTM)9.34x
Price to book1.66x
Price to sales1.51x
EV / EBITDA5.22x
EV / EBIT5.33x
EV / sales2.09x
Price to cash flow95.21x
Earnings yield10.70%
Dividend yield0.50%
P/E, 3-year average16.56x
P/B, 3-year average2.17x
P/E, 5-year average16.56x
P/B, 5-year average2.17x
Profitability
Operating margin (excl. other income)56.51%
Operating margin (incl. other income)57.35%
EBITDA margin40.04%
Pre-tax margin22.63%
Net profit margin16.16%
Net margin, latest quarter15.78%
ROE22.98%
ROCE28.70%
ROA5.88%
ROE, 3-year average52.79%
ROCE, 3-year average23.52%
ROA, 3-year average4.17%
ROE, 5-year average37.79%
ROCE, 5-year average20.08%
ROA, 5-year average2.71%
ROIC (approx.)18.92%
Tax rate28.11%
Other income / net worth0.67%
Growth
Sales growth (latest year)34.82%
Profit growth (latest year)109.89%
Sales CAGR, 3 years19.76%
Sales CAGR, 5 years64.16%
Profit CAGR, 3 years120.69%
Profit CAGR, 5 years112.17%
Sales growth QoQ46.50%
Profit growth QoQ112.37%
Sales growth YoY (latest quarter)9.24%
Profit growth YoY (latest quarter)7.28%
Per share
EPS (TTM)Rs 21.43
EPS (latest year)Rs 15.75
EPS (latest quarter)Rs 5.33
EPS, 3-year averageRs 11.40
EPS, 5-year averageRs 9.27
Book value per shareRs 120.43
Sales per shareRs 132.54
Cash flow per shareRs 2.10
Free cash flow per shareRs -13.30
Dividend per share (latest year)Rs 1.00
Dividend per share, 3-year averageRs 1.00
Dividend per share, 5-year averageRs 1.00
Dividends
Dividend payout6.36%
Dividend payout, 3-year average6.36%
Dividend payout, 5-year average6.36%
Efficiency
Asset turnover0.32x
Fixed asset turnover10.99x
Inventory turnover0.18x
Inventory days1987 days
Debtor days94 days
Debtors turnover3.86x
Cash conversion cycle77 days
Working capital days922 days
Leverage
Total debtRs 441 Cr
Cash and bankRs 110 Cr
Net debtRs 330 Cr
Debt to equity0.85x
Net debt / EBITDA1.45x
Interest coverage2.36x
Current ratio (filing 2026-03-31)4.45x
Quick ratio (filing 2026-03-31)2.21x
Trade payables (filing 2026-03-31)Rs 38 Cr
Owners' fund to total sources40.00%
Debt to assets34.16%
Cash flow
Cash from Operating Activity (latest year)Rs 9 Cr
Cash from Investing Activity (latest year)Rs -90 Cr
Cash from Financing Activity (latest year)Rs 70 Cr
Net Cash Flow (latest year)Rs -11 Cr
Free cash flow (latest year)Rs -57 Cr
FCFE (approx.: FCF + change in debt)Rs -210 Cr
Cash from ops / profit, 5 years-0.29x
Sales to cash flow45.75x
Statement figures
Net sales (TTM)Rs 568 Cr
Net sales (latest year)Rs 412 Cr
Sales (latest quarter)Rs 145 Cr
Operating profit excl. other income (latest year)Rs 233 Cr
Operating profit (latest quarter)Rs 53 Cr
Other income (TTM)Rs 6 Cr
EBITDA (TTM)Rs 227 Cr
PBDT (TTM)Rs 133 Cr
Profit before tax (TTM)Rs 129 Cr
Tax (latest year)Rs 26 Cr
Net profit (TTM)Rs 92 Cr
Net profit (latest year)Rs 68 Cr
Net profit (latest quarter)Rs 23 Cr
Depreciation (TTM)Rs 5 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 94 Cr
Cost of goods sold (latest year)Rs 136 Cr
Total expenditure (latest year)Rs 179 Cr
Total income (latest year)Rs 416 Cr
Share capitalRs 21 Cr
ReservesRs 495 Cr
Shareholders' fundsRs 516 Cr
Total assetsRs 1,290 Cr
Net blockRs 38 Cr
InvestmentsRs 1 Cr
ReceivablesRs 107 Cr
InventoryRs 739 Cr
Other liabilitiesRs 333 Cr
Shares outstanding (crore)4.29
Ownership
Promoter holding69.80% (+0.20 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 9.3 is at the 9th percentile of its own 2.9-year range
(median 13.6, low 7.7, high 268.0).
P/B 1.66 is at the 9th percentile (median 32.01).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | SURAJEST | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -8.8% | -2.8% | -6.0 pts |
| 1 month | +4.5% | -6.8% | +11.3 pts |
| 3 months | -2.2% | -7.6% | +5.4 pts |
| 6 months | +14.2% | +0.4% | +13.8 pts |
| 1 year | -28.6% | -9.9% | -18.6 pts |
| 2 years | -74.6% | -13.6% | -61.0 pts |
Red flags
F-score 6 of 8| explain | Share dilution Share count up 34% in a year, 573% in three |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹145 Cr +9.8% vs Jun 2025.
Net profit ₹23 Cr +9.5%.
Against our estimate for Jun 2026: sales +23.0%, profit +30.9% beat. Our estimate for Sep 2026: sales Rs 132 Cr, profit Rs 20 Cr (how).
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| DLF Ltd | 161,638 | 37.6 | 6.32 % |
| Lodha Developers Ltd | 110,592 | 26.8 | 16.4 % |
| Phoenix Mills Ltd | 68,996 | 53.2 | 12.4 % |
| Oberoi Realty Ltd | 64,099 | 24.2 | 17.3 % |
| Prestige Estates Projects Ltd | 61,056 | 53.6 | 10.4 % |
| Godrej Properties Ltd | 49,232 | 30.4 | 7.63 % |
| Anant Raj Ltd | 21,675 | 37.5 | 12.1 % |
| Brigade Enterprises Ltd | 18,370 | 27.0 | 10.5 % |
| Horizon Industrial Parks Ltd | 14,709 | 3.18 % | |
| Sobha Ltd | 13,008 | 56.4 | 6.86 % |
| Aditya Birla Real Estate Ltd | 12,963 | -4.48 % | |
| SignatureGlobal India Ltd | 10,614 | 2.38 % | |
| Sri Lotus Developers & Realty Ltd | 10,466 | 40.7 | 21.2 % |
| Max Estates Ltd | 9,312 | 1,586 | 1.40 % |
| Embassy Developments Ltd | 7,833 | -2.44 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2024-09-20 | Annual General Meeting/Dividend - Re 1 Per Share |
| Date | Type | What it says |
|---|---|---|
| 2026-09-30 | Shareholder meeting | Voting results. |
| 2026-09-30 | Shareholder meeting | Proceedings of Annual General Meeting held on September 30, 2026 |
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Suraj Estate Developers Ltd?
Suraj Estate Developers Ltd (SURAJEST) has a market capitalisation of Rs 1,001 Cr. at the 2026-10-01 close.
What is the P/E ratio of Suraj Estate Developers Ltd?
Suraj Estate Developers Ltd trades at a P/E of 10.9 on trailing twelve-month profit, at the 2026-10-01 close.
What were Suraj Estate Developers Ltd's latest quarterly results?
In the Jun 2026 quarter, Suraj Estate Developers Ltd sales was Rs 145 Cr (+9.8% vs Jun 2025) and net profit was Rs 23 Cr.
What is the 52-week high and low of Suraj Estate Developers Ltd?
The 52-week high is Rs 319.00 and the 52-week low is Rs 165.00.