Suratwwala Business Group Ltd (SBGLP) AI Stock Analysis

• Market Cap: ₹4.72B
• Dividend Yield: 0.27%
• Average Volume (3M): 5.24K
• Price to Earnings (P/E): 13.6
• Beta (1Y): 0.75
• Revenue Growth: 37.56%
• EPS Growth: 77.10%
• Country: IN
• Employees: 32
• Sector: Services
• Sector Strength: N/A
• Industry: Real Estate - Development
• EPS (TTM): 0.64
• Shares Outstanding: 173,416,440
• 10 Day Avg. Volume: 1,837
• 30 Day Avg. Volume: 5,236
• PEG Ratio: -0.95
• Price to Book (P/B): 9.65
• Price to Sales (P/S): 18.62
• P/FCF Ratio: -21.36
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: ₹27.00 ▼(-22.08% Downside)
• Action: Reiterated Date: 11/26/25
• Date: Action: Reiterated 11/26/25

The overall stock score of 46 reflects significant challenges in financial performance, with declining revenue growth and profitability, as well as negative cash flows. Technical analysis indicates a bearish trend with weak momentum. The stock's valuation appears high, with a low dividend yield, further impacting its attractiveness.

Positive Factors

Balanced leverage

A moderate debt-to-equity and balanced leverage profile provides financial flexibility to fund development projects without excessive interest burden. This solvency buffer supports continuity of operations and refinancing options over the next several months, reducing short-term default risk and preserving strategic capital allocation choices.

Positive gross margin

A positive gross profit margin shows the core real-estate development activities still generate markup on cost of sales, providing a structural cushion to absorb overhead and financing costs. Sustained gross margins underpin potential margin recovery and profitability as revenue stability returns, making operating improvements more achievable over months.

Stable equity ratio

A relatively stable equity ratio indicates the company retains a consistent capital base and lower insolvency risk. This stability supports creditor confidence and gives management room to manage working capital and project financing without immediate equity raises, helping preserve long-term operational continuity and strategic flexibility.

Negative Factors

Negative free cash flow

Negative free cash flow and an inverted operating cash flow to net income ratio show persistent difficulty converting accounting profits into cash. Over the medium term this raises liquidity risk, forces reliance on external financing, increases funding costs, and limits the company's ability to invest in projects or restore dividends without deleveraging.

Deteriorating return on equity

A deteriorating return on equity reflects weaker profitability relative to shareholder capital and signals declining capital efficiency. Persisting ROE weakness can reduce internal funding for growth, pressure shareholder returns, and indicate deeper operational problems that management must address to restore long-term investor confidence.

Revenue volatility and margin pressure

Significant revenue volatility and a material drop between years, combined with pressured EBIT/EBITDA margins, indicate unstable cash flows and operational strain. This undermines predictable project execution and budgeting, complicates cost absorption, and makes sustained margin recovery unlikely without structural fixes to sales or cost base.

Suratwwala Business Group Ltd Business Overview & Revenue Model

Company Description

Suratwwala Business Group Limited, a real estate development company, engages in the development and sale of residential and commercial projects in Pune, India. The company provides maintenance services for its developed properties, including housekeeping, security and guard, and power backup. Suratwwala Business Group Limited was incorporated in 2008 and is headquartered in Pune, India.

How the Company Makes Money

SBGLP generates revenue through a multi-faceted business model. Its primary revenue streams include income from real estate sales and leasing, which contribute significantly to the overall earnings. The manufacturing division generates revenue by producing and supplying various industrial goods, while the technology services arm earns through consulting, software development, and IT support services. Additionally, SBGLP has established strategic partnerships with key industry players, enhancing its market reach and operational capabilities, which further drives its profitability.

Suratwwala Business Group Ltd Financial Statement Overview

Summary

Suratwwala Business Group Ltd faces challenges in maintaining revenue growth and profitability. The balance sheet shows a moderate debt-to-equity ratio, but declining return on equity and negative cash flows raise concerns about operational efficiency and liquidity.

Income Statement

The company's revenue has shown volatility, with a significant drop from 2024 to 2025. The gross profit margin remains positive, but net profit margins have declined due to reduced revenue and higher expenses. EBIT and EBITDA margins are also under pressure, indicating challenges in cost management and operational efficiency.

Balance Sheet

The balance sheet shows a moderate debt-to-equity ratio, reflecting a balanced approach to leverage. However, the return on equity has deteriorated due to declining net income. The equity ratio is relatively stable, suggesting that the company maintains a reasonable level of financial stability.

Cash Flow

The cash flow statement reveals a concerning trend with negative free cash flow, indicating potential liquidity issues. The operating cash flow to net income ratio has inverted, highlighting inefficiencies in converting earnings into cash. The company's reliance on financing activities to maintain liquidity is evident.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	428.39M	356.28M	720.12M	622.79M	7.94M	127.51M
Gross Profit	212.69M	175.18M	435.85M	383.08M	-8.87M	148.95M
EBITDA	178.13M	158.63M	391.60M	301.16M	-27.77M	117.91M
Net Income	122.73M	110.36M	277.93M	211.63M	-107.61M	61.98M
Balance Sheet
Total Assets	0.00	1.85B	1.27B	1.20B	1.07B	736.01M
Cash, Cash Equivalents and Short-Term Investments	121.07M	121.07M	77.58M	17.04M	8.95M	26.03M
Total Debt	0.00	727.25M	377.54M	315.03M	435.12M	242.67M
Total Liabilities	-701.42M	1.15B	679.89M	1.08B	664.94M	465.41M
Stockholders Equity	701.42M	687.35M	578.60M	111.21M	405.85M	270.61M
Cash Flow
Free Cash Flow	0.00	-310.60M	-5.68M	69.48M	56.93M	-68.92M
Operating Cash Flow	0.00	-47.36M	2.94M	71.56M	59.09M	-67.97M
Investing Cash Flow	0.00	-346.64M	-16.39M	-7.68M	-2.16M	-948.21K
Financing Cash Flow	0.00	349.55M	61.03M	-61.72M	153.20M	70.73M

Suratwwala Business Group Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 34.65
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SBGLP, the sentiment is Negative. The current price of 34.65 is above the 20-day moving average (MA) of 29.76, above the 50-day MA of 32.85, and below the 200-day MA of 36.72, indicating a bearish trend. The MACD of -1.29 indicates Positive momentum. The RSI at 37.31 is Neutral, neither overbought nor oversold. The STOCH value of 23.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SBGLP.

Suratwwala Business Group Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RITCO	74 Outperform	₹6.10B	18.26	―	―	34.34%	2.00%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
SNOWMAN	50 Neutral	₹6.48B	-89.54	―	2.44%	9.91%	-66.86%
STCINDIA	48 Neutral	₹6.62B	11.60	―	―	―	―
PVSL	47 Neutral	₹6.59B	313.53	―	0.42%	-0.11%	-159.33%
SBGLP	46 Neutral	₹4.72B	13.65	―	0.27%	37.56%	77.10%
SICALLOG	39 Underperform	₹13.53B	3.00	―	―	76.34%	94.50%