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Suraj Estate Developers Ltd

(SURAJEST)

₹680.550.49%

as on 04:01PM, 06 Dec 2024

Overview
News
Financials
Q2 2024 Results
Technicals

Suraj Estate Developers Ltd Share analysis

Excluding Excise Duty and Other Income, represents Net Revenue

Suraj Estate Developers Ltd revenue growth forecast

Expected growth rate Q1, FY2026:47.74%

Forecast

Actual

Source: S&P Global Market Intelligence

Suraj Estate Developers Ltd Performance

  • Day's Low

    Day's High

    ₹678.7
    ₹729.85
  • 52 Week's Low

    52 Week's High

    ₹255.8
    ₹847
1 Month Return-1.78 %
3 Month Return-12.34 %
1 Year Return+ 102.45 %
Previous Close₹677.20
Open₹685.00
Volume2.55L
Upper Circuit-
Lower Circuit-
Market Cap₹3,004.13Cr

Suraj Estate Developers Ltd Key Statistics

P/E Ratio28.36
PEG Ratio2.03
Market Cap₹3,004.13 Cr
P/B Ratio2.21
EPS15.75
Dividend Yield0.38
SectorRealty
ROE23.87

Suraj Estate Developers Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
NA₹3,004.13 Cr20.49%0.70₹67 Cr₹412 Cr
BUY₹7,403.93 Cr13.33%0.54₹290 Cr₹546 Cr
NA₹64.84 Cr111.94%-0.79NANA
NA₹627.45 Cr-1.82%0.57-₹37 Cr₹20 Cr
NA₹10.40 Cr37.08%0.50NANA

About Suraj Estate Developers Ltd

Suraj Estate Developers Limited was originally incorporated as Suraj Estate Developers Private Limited at Mumbai dated September 10 1986 issued by the RoC. Subsequently Company converted into a Public Limited Company dated October 30 2021 and the name was changed to Suraj Estate Developers Limited vide fresh Certificate of Incorporation dated December 9 2021. Founded by the Promoter Rajan M. Thomas the Company is engaged in the business of real estate development. The Company has been involved in real estate business since 1986 and developed real estate across residential and commercial sectors in the South Central Mumbai region. In residential portfolio it is present across the value luxury and luxury segments with unit values ranging from Rs. 10 million to Rs 130 million. In commercial portfolio it has constructed and sold builttosuit corporate headquarters to institutional clientele Saraswat Cooperative Bank Limited Prabhadevi and Clearing Corporation of India Limited Dadar.The Company had launched 14 residential projects out of which 12 projects are redevelopment projects. Majority of projects executed by the Company are on land owned or through development agreements with landowners. It completed 42 projects with a developed area of more than 1046543 sq. ft. in South Central Mumbai region. In addition to completed projects it has 9 ongoing projects with a developable area of 1970445 square feet and saleable RERA carpet area 442616 sq. ft. and 21 upcoming projects with an estimated carpet area of 928400 sq. ft. In the Value Luxury Segment the Company completed projects like St. Anthony Apartments Mahim Lumiere Dadar and Elizabeth Apartment Dadar. It completed Mangirish Dadar and Tranquil Bay Dadar projects located to the Arabian Sea. In addition it constructed and sold residential buildings for institutional clientele such Clearing Corporation of India Limited Dadar and other financial institutions.In year 1990 the Company completed a residential project Suraj Venture A located at Mahim Mumbai. In 1992 it sold a residential building Vinayak Darshan to a nationalized public sector bank at Dadar Mumbai. In 1996 it sold a residential building known as Suraj Heights III at Goregaon East Mumbai to a leading private sector bank. In 2000 the Company sold ICICI Apartments a residential project at Kirti College Lane Dadar West Mumbai to a leading private sector bank for senior officers. It sold NEAT House in Dadar to a stock exchange. In 2005 it sold Gloriosa Apartment at Dadar West Mumbai to Clearing Corporation of India Limited for their senior officers.In 2007 the Company sold ICICI Apartments located at Prabhadevi Mumbai to a leading private sector bank as quarters for senior officials. In 2010 it sold Saraswat Bank Bhavan located at Prabhadevi as corporate office for Saraswat Cooperative Bank Limited. In 2012 CCIL Bhavan to suit commercial building at Dadar West Mumbai. Later in 2016 Accord Estates Private Limited a Material Subsidiary was formed with Runwal Realty Private Limited for development of aresidential project known as Nirvana located at Parel East. In 2017 Palette a flagship project located at Dadar was launched which later on got into a luxury residential segment of the real estate market in South Central Mumbai. It also launched sea luxury project Ocean Star at Dadar West.Through the launch of Louisandra residential project in Dadar Mumbai the Company got into value luxury segment which comprised 1 BHK and compact 2 BHK in the South Central Mumbai. It launched a luxury project Ave Marie Apartments at Dadar Mumbai in 2019.In 2021 the Company purchased vacant land parcel at Tulsi Pipe Road from Tata Motors. It acquired investment from ICICI Ventures Funds Management Company for part financing project cost of newly launched value luxury project Suraj Eterna. It launched launched residential value luxury projects like Vitalis and Suraj Eterna at L.J. Road Mahim Mumbai.The Company is planning to raise capital from Public by raising Rs. 500 crore Equity Shares through Fresh Issue..

Share Price: ₹680.55 per share as on 06 Dec, 2024 04:01 PM
Market Capitalisation: ₹3,004.13Cr as of today
Revenue: ₹109.09Cr as on September 2024 (Q3 24)
Net Profit: ₹31.83Cr as on September 2024 (Q3 24)
Listing date: 26 Dec, 2023
Chairperson Name: Rajan Meenathakonil Thomas
OrganisationSuraj Estate Developers Ltd
Headquarters
IndustryRealty
E-voting on sharesClick here to vote

Key events for Suraj Estate Developers Ltd

  • Suraj Estate Subsidiary Acquires Land for Development - 05 Dec, 2024

    Suraj Estate Developers' subsidiary, Iconic Property Developers, has acquired a 1,464 sq m land parcel in Mahim for Rs 101 crore, aiming to develop a commercial building with a gross development value of Rs 525 crore. The acquisition is part of the company's strategy to expand its commercial real estate footprint in Mumbai.
  • Suraj Estate Expands Portfolio with Land Acquisition - 04 Dec, 2024

    Suraj Estate Developers Ltd has acquired a 1,464 square metre land parcel in Mumbai for ₹101 crore. The site will be developed into a commercial building, enhancing their portfolio and meeting corporate demand.
  • Suraj Estate Reports Strong Growth in Q3 2024 - 28 Nov, 2024

    Suraj Estate Consolidated reported net sales of Rs 109.09 crore for September 2024, up 5.44% YoY. Net profit surged 87.68% to Rs 31.83 crore, while EBITDA increased slightly to Rs 64.00 crore. EPS rose to Rs 7.43 from Rs 5.33. The stock has delivered impressive returns of 64.06% over the last 6 months and 94.01% over the last year.
  • Suraj Estate Reports Strong Q3 Growth in Sales and Profit - 21 Nov, 2024

    Suraj Estate Developers reported a net sales increase of 8.61% to Rs 104.34 crore for September 2024. Net profit surged 70.3% to Rs 32.34 crore, with EBITDA rising 23.85%. The company's EPS improved to Rs 7.29. Shares closed at Rs 592.55, yielding 55% returns over six months and 77.14% over twelve months.
  • Suraj Estate Reports Strong Q2 Profit Growth - 15 Nov, 2024

    Suraj Estate Developers Limited announced an 88% increase in Q2 FY25 net profit to Rs 31.8 crore, driven by robust revenue growth. Total income rose to Rs 109.63 crore, up from Rs 103.7 crore a year ago. The company has completed 42 projects and has 31 more in the pipeline.

Insights on Suraj Estate Developers Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 6 months, SURAJEST stock has moved up by 80.2%

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 19.40% to 25.24% in Oct 2024 quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 3.14% to 2.80% in Oct 2024 quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 1.49% to 1.41% in Oct 2024 quarter

  • imgNEGATIVE IMPACT

    Promoter Holding Down

    img

    Promoters have decreased holdings from 74.95% to 69.60% in Oct 2024 quarter

Suraj Estate Developers Ltd Financials

Value in ₹ crore
DetailsQ'3 23Q'4 23Q'1 24Q'2 24Q'3 24
Revenue₹103.46Cr (-)₹105.99Cr (↑2.45%)₹100.36Cr (↓5.31%)₹133.67Cr (↑33.19%)₹109.09Cr (↓18.39%)
Net Income₹16.92Cr (-)₹16.57Cr (↓2.07%)₹19.47Cr (↑17.50%)₹30.13Cr (↑54.75%)₹31.83Cr (↑5.64%)
Net Profit Margin16.35% (-)15.63% (↓4.40%)19.40% (↑24.12%)22.54% (↑16.19%)29.18% (↑29.46%)
Value in ₹ crore
Details2021202220232024
Total Assets₹490.23Cr (-)₹564.06Cr (↑15.06%)₹764.14Cr (↑35.47%)₹1,177.54Cr (↑54.10%)
Total Liabilities₹468.93Cr (-)₹527.82Cr (↑12.56%)₹689.89Cr (↑30.71%)₹653.73Cr (↓5.24%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow-₹37.98Cr (-)₹42.70Cr (↓212.43%)₹52.91Cr (↑23.91%)₹100.58Cr (↑90.10%)-₹156.36Cr (↓255.46%)

Index Inclusions

BSE IPO

₹16,799.89

0.38 (63.05%)

BSE Small-Cap

₹57,050.71

0.6 (342.93%)

S&P BSE AllCap

₹10,471.31

0.68 (71.07%)

Suraj Estate Developers Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
69.6%
-7.14
Foreign Institutions
2.8%
-10.84
Mutual Funds
1.41%
-5.20
Retail Investors
25.24%
30.13
Others
0.95%
-7.14

Suraj Estate Developers Ltd Key Indicators

Details2024
Book Value Per Share (₹)120.43
Details2024
Earning Per Share (₹)15.75
Details2021202220232024
Return On Equity %32.851.8868.7123.87
Details2021202220232024
Return On Assets %1.284.684.215.73

Suraj Estate Developers Ltd Valuation

Suraj Estate Developers Ltd in the last 5 years

  • Overview

  • Trends

Lowest (0.00x)

March 28, 2024

Today (28.36x)

December 5, 2024

Industry (146.51x)

December 5, 2024

Highest (37.55x)

August 19, 2024

LowHigh

Suraj Estate Developers Ltd Earnings and Dividends

  • Suraj Estate Developers Ltd Earnings Results

    Suraj Estate Developers Ltd’s net profit jumped 87.68% since last year same period to ₹31.83Cr in the Q2 2024-2025. On a quarterly growth basis, Suraj Estate Developers Ltd has generated 5.64% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • Suraj Estate Developers Ltd Dividends May,2024

    In the quarter ending March 2024, Suraj Estate Developers Ltd has declared dividend of ₹1 - translating a dividend yield of 0.15%.

    Read More about Dividends

Suraj Estate Developers Ltd Technicals Summary

Bearish

Neutral

Bullish

Bullish

Suraj Estate Developers Ltd is currently in a Bullish trading position according to technical analysis indicators.

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Suraj Estate Developers Ltd (SURAJEST) share price today is ₹680.55

Suraj Estate Developers Ltd is listed on NSE

Suraj Estate Developers Ltd is listed on BSE

  • Today’s highest price of Suraj Estate Developers Ltd is ₹729.85.
  • Today’s lowest price of Suraj Estate Developers Ltd is ₹678.7.

PE Ratio of Suraj Estate Developers Ltd is 28.36

PE ratio = Suraj Estate Developers Ltd Market price per share / Suraj Estate Developers Ltd Earnings per share

Today’s traded volume of Suraj Estate Developers Ltd(SURAJEST) is 2.55L.

Today’s market capitalisation of Suraj Estate Developers Ltd(SURAJEST) is ₹3004.13Cr.

Suraj Estate Developers Ltd(SURAJESTPrice
52 Week High
₹847
52 Week Low
₹255.8

Suraj Estate Developers Ltd(SURAJEST) share price is ₹680.55. It is down -19.65% from its 52 Week High price of ₹847

Suraj Estate Developers Ltd(SURAJEST) share price is ₹680.55. It is up 166.05% from its 52 Week Low price of ₹255.8

Suraj Estate Developers Ltd(SURAJESTReturns
1 Day Returns
3.35%
1 Month Returns
-1.78%
3 Month Returns
-12.34%
1 Year Returns
102.45%