SURAJESTConsumer Discretionary

Suraj Estate Developers Limited

Residential, Commercial Projects · ISIN INE843S01025 · BSE 544054 · NSE EQ · FV ₹5
Last price
₹177
+5.16%today
What this company does

Suraj Estate Developers Limited operates in Residential, Commercial Projects, part of the Consumer Discretionary sector. It booked ₹145 cr of revenue in its latest quarter (Q1 FY27) and kept 15.8% of sales as profit.

In the report:
56out of 100
Equitytale Health Score
Mixed

Healthier than 56% of companies in Consumer Discretionary, on the 5 of 6 measures we could read for it. Each measure is ranked against the 63–421 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
41

At close. Not part of the score.

Profitability & returns66

How much profit it earns on the money it employs

Balance sheet40

How much it owes, and whether earnings cover the interest

Cash quality9

Whether reported profit actually arrives as cash

Valuation79

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 16% net margin
Sales up 9% vs last year
Profit up 7% vs last year
Promoters hold 70%
No promoter shares pledged
Watch-outs
! Operating cash flow is negative

What if I invest in SURAJEST?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹177 +5.16%
latest close · 2026-09-17
52-wk low ₹16542 sessions so far52-wk high ₹223
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio9.0Low
LowAverageHigh
P/B ratio0.83Below book
Below bookModerateHigh
EV / EBITDA6.5Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity9.2%Fair
WeakFairStrong ▸15%
Return on capital13.9%Fair
WeakFairStrong
Net margin15.8%Strong
ThinDecentStrong
EBITDA margin37.9%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.65Moderate
LowModerateHigh ▸1
Interest cover2.4×Okay
RiskyOkayStrong ▸5×
Current ratio4.45Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹821 cr
Book value
₹215
EPS
₹4.94
latest quarter
Net debt
₹602 cr
owes more than its cash
Enterprise value
₹1,423 cr
EBITDA
₹219 cr
annualised
EBIT
₹215 cr
annualised
Operating margin
37.1%
Return on assets
4.7%
Earnings yield
11.14%
P/S
1.42
Sales / share
₹125.1
Tax rate
27.0%
Face value
₹5
Shares
4.6 cr
Working capital
₹1,454 cr
Current assets
₹1,875 cr
Current liabilities
₹421 cr
Delivery %
69.9%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Slightly expensiveMedium confidence
Median of 3 models ₹152 vs market price ₹177 — price is 17% above it
Safety cushion-16.6%(target ≥ +20%)
Models span ₹139₹307, midpoint ₹152
Model ₹152
Price ₹177
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹145 cr
Other Income₹2 cr
Total Income₹146 cr
Cost of Materials₹93 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-10 cr
Employee Benefit Expense₹6 cr
Finance Costs₹22 cr
Depreciation & Amortisation₹1 cr
Other Expenses₹3 cr
Total Expenses₹115 cr
Profit before Tax₹31 cr
Tax Expense₹8 cr
Net Profit₹23 cr
Net margin on total income15.6%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹83 cr56.6%
Employee benefit expense₹6 cr4.1%
Finance costs₹22 cr15.3%
Depreciation & amortisation₹1 cr0.7%
Other expenses₹3 cr1.8%
Tax expense₹8 cr5.8%
Profit for the period₹23 cr15.6%
Total income ₹146 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue180 cr99 cr145 cr
Total income181 cr101 cr146 cr
Expenses147 cr82 cr115 cr
Profit before tax34 cr19 cr31 cr
Tax9 cr8 cr8 cr
Net profit (owners' share)25 cr11 cr23 cr
Net margin (owners' share, on revenue)14.0%10.9%15.8%
EPS (₹)5.442.324.94
YoY (latest quarter): total income +9.8% · net profit +7.3%
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹1,961 cr
Shareholder equity
₹993 cr
parent shareholders
Total debt
₹642 cr
Cash
₹40 cr
Cash flow · H1 FY26
Operating
₹-43 cr
Investing
₹-11 cr
Financing
₹49 cr
Peer comparison
Residential, Commercial Projects · by market value
CompanyPriceMarket capP/E
DLF Limited₹640₹1.58 L cr49.8
Lodha Developers Limited₹1,103₹1.10 L cr20.1
The Phoenix Mills Limited₹1,872₹66,957 cr56.4
Oberoi Realty Limited₹1,741₹63,292 cr29.1
Prestige Estates Projects Limited₹1,440₹62,025 cr65.7
Godrej Properties Limited₹1,678₹50,551 cr36.1
Anant Raj Limited₹597₹21,482 cr35.9
Brigade Enterprises Limited₹621₹20,251 cr25.3
Horizon Industrial Parks Limited₹52₹12,779 cr
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹1
ex 20 Sep 2024
ActionDetailEx-date
Dividend₹1 / share20 Sep 2024
Who owns it · 2026-06-30
No pledge
Promoter
69.8%
FII / Foreign
1.3%
DII / Domestic
1.0%
Retail / others
27.9%
Promoter stake down 5.2% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtShreepal Shah · KMP1,000 · ₹1.7 L10 Sep 26
BoughtShreepal Shah · KMP1,400 · ₹2.4 L10 Sep 26
BoughtShreepal Shah · KMP1,000 · ₹1.7 L9 Sep 26
Bulk / block deals
SoldSILVERLEAF CAPITAL SERVICES PRIVATE LIMITED · NSE3.32 L @ ₹255.5216 Apr 26
BoughtSILVERLEAF CAPITAL SERVICES PRIVATE LIMITED · NSE3.32 L @ ₹255.2616 Apr 26
BoughtNK SECURITIES RESEARCH PRIVATE LIMITED · NSE7.39 L @ ₹255.4616 Apr 26
Stake changes
BoughtMargarette Shwetha Thomas · promoter→ 69.80% · 7,00012 Mar 26
BoughtMargarette Shwetha Thomas · promoter→ 69.78% · 16,7549 Mar 26
BoughtMargarette Shwetha Thomas · promoter→ 69.75% · 6,0006 Mar 26
What shareholders were asked to approve
4 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 3 Dec 2025
See the official result
1
1 - Appointment of Dr. Ananta Singh Raghuvanshi (DIN: 02128559) as Woman Independent Director
Backed by 96% of shareholders other than promotersneeded 75%
3,952 votes for, 181 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 7 named members
owning 69.8% between them · as of 2026-06-30
Rajan Thomas57.11%
Sujatha Thomas8.12%
Accord Estates Private Limited3.14%
Rahul Jesu Thomas0.92%
Margarette Shwetha Thomas0.36%
Elizabeth Lavanya Thomas0.16%
Sonali Menonno shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹343 cr raised in Oct 2024 by selling shares to selected investors

As of Jun 2026, the company says it has spent 59% of what it set aside, leaving ₹206 cr still to be spent. Care Ratings Limited watches the spending on the exchange’s behalf.

Payment towards acquisition of Land / Land Development Rights by the Company and its Subsidiaries including acquisition of stake/shares in entities undertaking such projects;
49%
₹97 cr of ₹200 cr
Working Capital Requirements of the Company and any of its Subsidiaries;
67%
₹122 cr of ₹183 cr
General Corporate Purposes of the Company and any of its Subsidiaries;
65%
₹74 cr of ₹115 cr
Issue related expenses
0%
₹0 cr of ₹2 cr
₹343 cr raised in Aug 2024 by selling shares to selected investors

The company has not broken this money down into purposes in its filing for Jun 2025, so there is nothing to measure it against yet. CARE Ratings Limited watches the spending on the exchange’s behalf.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.