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Suraj Estate Developers Ltd (SURAJEST)

₹570.81.02%

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Overview
News
Financials
Technicals

Suraj Estate Developers Ltd Share analysis

Source: S&P Global Market Intelligence

Performance

  • Day's Low

    Day's High

    ₹550
    ₹577
  • 52 Week's Low

    52 Week's High

    ₹255.8
    ₹692
1 Month Return+ 27.93 %
3 Month Return+ 56.1 %
1 Year Return+ 72.41 %
Previous Close₹576.70
Open₹565.00
Volume47.74K
Upper Circuit-
Lower Circuit-
Market Cap₹2,558.31Cr

Key Statistics

P/E Ratio29.83
PEG Ratio1.54
Market Cap₹2,558.31 Cr
P/B Ratio0
EPS0

Mutual Fund Holdings

Funds HoldingsPrev. 6M
Tata Housing Opportunities Fund Direct GrowthTata Housing Opportunities Fund Direct Growth2.74%

Company Information

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: ₹570.80 per share as on 22 Jul, 2024 04:01 PM
Market Capitalisation: ₹2,558.31Cr as of today
Revenue: ₹100.36Cr as on March 2024 (Q1 24)
Net Profit: ₹19.47Cr as on March 2024 (Q1 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

  • Ace Investor Vanaja Sundar Iyer Buys 1.02% Stake in Suraj Estate Developers - 15 Jul, 2024

    Vanaja Sundar Iyer's SI Investments and Broking Private Limited has acquired a 1.02% stake in Suraj Estate Developers Ltd during Q2 2024. The stock price of the company has surged over 80% YTD, from ₹330 to ₹607 apiece.

  • Suraj Estate Signs Agreement to Sell Additional Area, Stock Surges - 04 Jul, 2024

    Suraj Estate Developers has signed a definitive agreement with the Clearing Corporation of India to sell an additional area comprising three floors over the existing CCIL Bhavan in Dadar, Mumbai. The sale covers a carpet area of about 22,410 square feet valued at Rs 89.78 crore. Brokerage firm Nuvama Wealth and Investment initiated coverage on Suraj Estate with a BUY rating and a target price of Rs 757.

  • Profitmart Research Recommends Buying Suraj Estate Developers Stock - 02 Jul, 2024

    Profitmart research report recommends buying Suraj Estate Developers stock at the current price for a price target of around Rs 636 over the next 12 to 15 months. The company is involved in real estate development across residential and commercial sectors in South Central Mumbai region.

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

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 0.00% to 7.12% in Dec 2023 quarter

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 0.00% to 13.90% in Dec 2023 quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 7 days, SURAJEST stock has moved up by 6.4%

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 0.00% to 1.25% in Dec 2023 quarter

  • imgNEGATIVE IMPACT

    Promoter Holding Down

    img

    Promoters have decreased holdings from 100.00% to 74.95% in Dec 2023 quarter

Company Financials

Value in ₹ crore
Q'1 24Q/Q Change
Revenue
₹100.36Cr
↓5.31%
Net Income
₹19.47Cr
↑17.50%
Net Profit Margin
19.40%
↑24.12%
2023Y/Y Change
Revenue
₹305.74Cr
↑12.11%
Net Income
₹32.06Cr
↑20.98%
Net Profit Margin
10.49%
↑7.92%
Value in ₹ crore
2023Y/Y Change
Total Assets
₹722.14Cr
↑28.03%
Total Liabilities
₹647.89Cr
↑22.75%
Value in ₹ crore
2023Y/Y Change
Operating Cash Flow
₹99.41Cr
↑87.89%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
74.95%
0.00
Foreign Institutions
2.51%
-55.61
Mutual Funds
0.79%
-19.59
Retail Investors
20.56%
26.29
Others
1.19%
-44.16

Key Indicators

Suraj Estate Developers Ltd Valuation

Suraj Estate Developers Ltd in the last 5 years

  • Overview

  • Trends

Lowest (0.00x)

March 28, 2024

Today (29.83x)

July 19, 2024

Industry (265.00x)

July 19, 2024

Highest (35.35x)

July 8, 2024

LowHigh

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 ₹570.8

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 ₹577.
  • Today’s lowest price of Suraj Estate Developers Ltd is ₹550.

PE Ratio of Suraj Estate Developers Ltd is 29.83

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 47.74K.

Today’s market capitalisation of Suraj Estate Developers Ltd(SURAJEST) is ₹2558.31Cr.

Suraj Estate Developers Ltd(SURAJESTPrice
52 Week High
₹692
52 Week Low
₹255.8

Suraj Estate Developers Ltd(SURAJEST) share price is ₹570.8. It is down -17.51% from its 52 Week High price of ₹692

Suraj Estate Developers Ltd(SURAJEST) share price is ₹570.8. It is up 123.14% from its 52 Week Low price of ₹255.8

Suraj Estate Developers Ltd(SURAJESTReturns
1 Day Returns
-5.9%
1 Month Returns
27.93%
3 Month Returns
56.1%
1 Year Returns
72.41%