SURAJESTConsumer Discretionary

Suraj Estate Developers Limited

Residential, Commercial Projects · ISIN INE843S01025 · BSE 544054 · NSE EQ · FV ₹5
Last price
₹190
+0.25%today
What this company does

Suraj Estate Developers Limited operates in Residential, Commercial Projects, part of the Consumer Discretionary sector. It booked ₹170 cr of revenue in its latest quarter (Q2 FY27) and kept 13.6% of sales as profit.

In the report:
58out of 100
Equitytale Health Score
Mixed

Healthier than 58% of companies in Consumer Discretionary, on the 5 of 6 measures we could read for it. Each measure is ranked against the 69–428 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)
50

At close. Not part of the score.

Profitability & returns64

How much profit it earns on the money it employs

Balance sheet37

How much it owes, and whether earnings cover the interest

Cash quality10

Whether reported profit actually arrives as cash

Valuation97

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
✓ Sales up 18% vs last year
✓ Promoters hold 70%
✓ No promoter shares pledged
Watch-outs
! Profit down 30% vs last year
! 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 We do not publish price targets or predict returns.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
₹190▲ +0.25%
latest close · 2026-11-04
52-wk low ₹16574 sessions so far52-wk high ₹229
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 ratio9.5Low
LowAverageHigh
P/B ratio0.84Below book
Below bookModerateHigh
EV / EBITDA7.4Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity8.9%Fair
WeakFairStrong ▸15%
Return on capital12.7%Fair
WeakFairStrong
Net margin13.6%Decent
ThinDecentStrong
EBITDA margin33.2%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.77Moderate
LowModerateHigh ▸1
Interest cover2.3×Okay
RiskyOkayStrong ▸5×
Current ratio4.05Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹877 cr
Book value
₹225
EPS
₹4.98
latest quarter
Net debt
₹785 cr
owes more than its cash
Enterprise value
₹1,662 cr
EBITDA
₹226 cr
annualised
EBIT
₹221 cr
annualised
Operating margin
32.5%
Return on assets
4.0%
Earnings yield
10.51%
P/S
1.29
Sales / share
₹147.0
Tax rate
25.5%
Face value
₹5
Shares
4.6 cr
Working capital
₹1,656 cr
Current assets
₹2,199 cr
Current liabilities
₹543 cr
Delivery %
59.9%
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 2026-11-04.

Worth vs price · from the FY 2025 report & filings
not investment advice
Looks underpricedMedium confidence
Median of 2 models ₹296 vs market price ₹190 — price is 36% below it
Safety cushion+35.9%(target ≥ +20%)
Models span ₹159–₹432, midpoint ₹296
Model ₹296
Price ₹190
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 · Q2 FY27 (consolidated)
Revenue from Operations₹170 cr
Other Income₹1 cr
Total Income₹171 cr
Cost of Materials₹77 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹20 cr
Employee Benefit Expense₹6 cr
Finance Costs₹24 cr
Depreciation & Amortisation₹1 cr
Other Expenses₹11 cr
Total Expenses₹140 cr
Profit before Tax₹31 cr
Tax Expense₹8 cr
Net Profit₹23 cr
Net margin on total income13.5%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹97 cr56.9%
Employee benefit expense₹6 cr3.8%
Finance costs₹24 cr14.3%
Depreciation & amortisation₹1 cr0.6%
Other expenses₹11 cr6.4%
Tax expense₹8 cr4.6%
Profit for the period₹23 cr13.5%
Total income ₹171 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue99 cr145 cr170 cr
Total income101 cr146 cr171 cr
Expenses82 cr115 cr140 cr
Profit before tax19 cr31 cr31 cr
Tax8 cr8 cr8 cr
Net profit (owners' share)11 cr23 cr23 cr
Net margin (owners' share, on revenue)10.9%15.8%13.6%
EPS (₹)2.324.944.98
YoY (latest quarter): total income +17.6% · net profit -30.4%
Balance sheet & cash flow · as of Sep 2026
Moderate debt
Total assets
₹2,283 cr
Shareholder equity
₹1,039 cr
parent shareholders
Total debt
₹800 cr
Cash
₹14 cr
Cash flow · H1 FY27
Operating
₹-99 cr
Investing
₹-52 cr
Financing
₹115 cr
Peer comparison
Residential, Commercial Projects · by market value
CompanyPriceMarket capP/E
DLF Limited₹709₹1.75 L cr33.8
Aditya Birla Real Estate Limited₹1,036₹1.27 L cr34.5
Lodha Developers Limited₹1,061₹1.06 L cr26.2
The Phoenix Mills Limited₹2,049₹73,277 cr56.2
Prestige Estates Projects Limited₹1,537₹66,199 cr70.1
Oberoi Realty Limited₹1,677₹60,976 cr20.0
Godrej Properties Limited₹1,670₹47,434 cr81.5
Brigade Enterprises Limited₹527₹17,189 cr22.2
Anant Raj Limited₹444₹15,967 cr25.4
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 · 2026-09-30
No pledge
Promoter
69.8%
FII / Foreign
2.1%
DII / Domestic
1.0%
Retail / others
27.1%
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.

Yearly shareholder meeting · 30 Sep 2026
See the official result
1
To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended 31st March,2026, and the reports of the Board of Directors and Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
20.19 L votes for, 52 against · 0% of mutual funds and other big investors said no
2
Appoint Mrs. Elizabeth Lavanya Thomas (DIN:09503741) Non-Executive Non-Independent Director, who retires by rotation and being eligible, has offered herself for re-appointment.
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
20.19 L votes for, 93 against · 0% of mutual funds and other big investors said no
3
Appoint Mr. Rajan Meenathakonil Thomas (DIN: 00634576) Director, who retires by rotation and being eligible, has offered himself for re- appointment.
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
20.19 L votes for, 93 against · 0% of mutual funds and other big investors said no
4
Ratification of the remuneration of Cost Auditor for the Financial year 2026-27.
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
20.19 L votes for, 93 against · 0% of mutual funds and other big investors said no

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 2026-09-30
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.

₹34 cr raised in Aug 2026 by selling shares to selected investors

As of Sep 2026, the company says it has spent 59% of what it set aside, leaving ₹21 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;
now filed as: No change in object only allocation is modified
49%
₹10 cr of ₹20 cr
Working Capital Requirements of the Company and any of its Subsidiaries;
now filed as: No change in object only allocation is modified
67%
₹12 cr of ₹18 cr
General Corporate Purposes of the Company and any of its Subsidiaries;
now filed as: No change in object only allocation is modified
65%
₹7 cr of ₹11 cr
Issue related expenses
now filed as: No change in object only allocation is modified
0%
₹0 cr of ₹20 L
₹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

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.