SURAJEST

Suraj Estate Developers Limited

Residential and commercial property developer

Consumer Discretionary›Realty›Realty›Residential, Commercial Projects

surajestate.com(opens the company website in a new tab)
Ask AI

Key metrics

Price as of 2026-10-19

Stock price
₹194.33
Market cap
898 Cr
Stock P/E
9.8
P/B
0.91
Dividend yield
0.5%
ROE (FY26)
9.1%
ROCE (FY26)
13.3%
Operating margin (FY26)
38.3%
Debt / equity (FY26)
0.65
OCF / EBITDA (FY26)
-24.6%
OCF / EBITDA (3Y)
-56.8%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

Loading price history…

Compare with peers

Loading peers…

What you need to know

Suraj Estate (Suraj Estate Developers) develops and sells residential and commercial property in South Central Mumbai, including luxury and "value luxury" homes, offices and redevelopment projects on older buildings.

Company snapshot

45thBy market cap

Ranked among 79 companies in Residential, Commercial Projects.

What we see

Positives
  • ✓Net margin of 16.2% — the business keeps a healthy share of every rupee it earns.
Concerns
  • ✗Over the last three years operations used more cash than they brought in, despite an operating profit — the business is not yet turning its profit into cash.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales103 Cr106 Cr100 Cr134 Cr109 Cr170 Cr136 Cr132 Cr145 Cr180 Cr99 Cr145 Cr
Operating expenses (approx.)40 Cr36 Cr47 Cr70 Cr46 Cr124 Cr106 Cr83 Cr80 Cr126 Cr49 Cr91 Cr
EBITDA63 Cr70 Cr53 Cr63 Cr63 Cr46 Cr30 Cr50 Cr65 Cr54 Cr50 Cr53 Cr
OPM %61.0%65.7%53.3%47.3%58.2%27.0%22.1%37.4%44.8%29.8%50.4%36.8%
Other income0.24 Cr0.16 Cr3 Cr0.95 Cr0.55 Cr2 Cr0.68 Cr0.67 Cr0.86 Cr1 Cr2 Cr2 Cr
Interest40 Cr47 Cr25 Cr22 Cr19 Cr20 Cr4 Cr21 Cr20 Cr20 Cr32 Cr22 Cr
Depreciation0.82 Cr0.61 Cr2 Cr2 Cr1 Cr1 Cr0.78 Cr1 Cr1 Cr1 Cr1 Cr1 Cr
Profit before tax23 Cr22 Cr30 Cr40 Cr44 Cr26 Cr26 Cr28 Cr44 Cr34 Cr19 Cr31 Cr
Tax %26.0%25.0%34.1%25.4%27.2%23.2%29.7%25.3%24.9%26.3%43.4%27.0%
Net profit17 Cr17 Cr19 Cr30 Cr32 Cr20 Cr18 Cr21 Cr33 Cr25 Cr11 Cr23 Cr
EPS (₹)₹5.33₹5.03₹4.39₹7.03₹7.43₹4.23₹3.61₹4.60₹7.15₹5.44₹2.32₹4.94

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales240 Cr273 Cr306 Cr412 Cr549 Cr556 CrSign in free for the trailing twelve months
Operating expenses (approx.)153 Cr141 Cr155 Cr179 Cr346 Cr338 CrSign in free for the trailing twelve months
EBITDA87 Cr132 Cr151 Cr233 Cr203 Cr218 CrSign in free for the trailing twelve months
OPM %36.1%48.3%49.4%56.5%36.9%39.2%Sign in free for the trailing twelve months
Other income4 Cr1 Cr2 Cr3 Cr4 Cr5 CrSign in free for the trailing twelve months
Interest79 Cr93 Cr107 Cr139 Cr66 Cr92 CrSign in free for the trailing twelve months
Depreciation2 Cr4 Cr3 Cr4 Cr5 Cr5 CrSign in free for the trailing twelve months
Profit before tax9 Cr36 Cr43 Cr94 Cr136 Cr126 CrSign in free for the trailing twelve months
Tax %30.6%26.7%25.8%28.1%26.4%28.2%Sign in free for the trailing twelve months
Net profit6 Cr27 Cr32 Cr67 Cr100 Cr90 CrSign in free for the trailing twelve months
EPS (₹)₹1.98₹8.35₹10.10₹19.39₹21.80₹19.51Sign in free for the trailing twelve months
Dividend payout %———0.0%4.4%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital6 Cr16 Cr16 Cr21 Cr23 Cr23 Cr
Reserves23 Cr23 Cr56 Cr495 Cr880 Cr970 Cr
Borrowings600 Cr638 Cr593 Cr426 Cr456 Cr642 Cr
Other liabilities162 Cr186 Cr278 Cr349 Cr388 Cr326 Cr
Total liabilities792 Cr864 Cr943 Cr1,290 Cr1,747 Cr1,961 Cr
Fixed assets (net)5 Cr4 Cr3 Cr23 Cr22 Cr54 Cr
CWIP————0 Cr0.19 Cr
Investments1 Cr0.11 Cr9 Cr1 Cr3 Cr4 Cr
Loans & advances———7 Cr22 Cr61 Cr
Inventories565 Cr621 Cr652 Cr739 Cr904 Cr945 Cr
Trade receivables81 Cr93 Cr113 Cr107 Cr57 Cr117 Cr
Cash & bank7 Cr8 Cr12 Cr5 Cr14 Cr40 Cr
Other assets133 Cr138 Cr153 Cr409 Cr725 Cr739 Cr
Total assets792 Cr864 Cr943 Cr1,290 Cr1,747 Cr1,961 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-15 Cr70 Cr189 Cr9 Cr-326 Cr-54 Cr
Cash from investing-12 Cr-21 Cr-27 Cr-90 Cr79 Cr-15 Cr
Cash from financing27 Cr-45 Cr-156 Cr70 Cr238 Cr94 Cr
Net cash flow-0.24 Cr4 Cr6 Cr-11 Cr-10 Cr26 Cr
Free cash flow (OCF − Capex)-17 Cr68 Cr188 Cr-16 Cr-327 Cr-57 Cr

Ratios

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %14.0%19.1%22.7%24.7%14.8%13.3%
ROE %21.0%67.0%45.0%13.1%11.1%9.1%
Debtor days122124135943777
Inventory days85782977712167131050
Days payable212632593442
Cash conversion cycle95892787912517171085
OCF / EBITDA %-17.2%53.0%124.8%3.9%-161.1%-24.6%
OCF / EBITDA % (3 years)——65.9%51.8%-22.0%-56.8%
Debt / equity20.6016.298.310.820.510.65
Current ratio2.611.991.722.363.484.45
Net debt / EBITDA6.854.793.851.812.182.76