Suratwwala Business Group Ltd (SBGLP) AI Stock Analysis

• Market Cap: ₹6.06B
• Dividend Yield: 0.27%
• Average Volume (3M): 5.24K
• Price to Earnings (P/E): 30.0
• Beta (1Y): 0.85
• Revenue Growth: 37.56%
• EPS Growth: 77.10%
• Country: IN
• Employees: 32
• Sector: Services
• Sector Strength: N/A
• Industry: Real Estate - Development
• EPS (TTM): 0.47
• 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: ₹34.00 ▼(-1.88% Downside)

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

Moderate leverage

A moderate debt-to-equity ratio provides durable financial flexibility for a development firm, reducing bankruptcy risk and enabling project financing without excessive interest burden. Over 2-6 months this supports continuity of operations and ability to pursue selective projects.

Positive gross margin

A positive gross profit margin indicates the core development activities generate markup over direct costs. Even with compressed net margins, sustainable gross economics imply the business can restore operating profitability via cost control, pricing or project mix improvements over the medium term.

Stable equity ratio

A relatively stable equity ratio signals a consistent capital base that can absorb project setbacks and supports creditor confidence. For a real estate developer, this stability underpins long-term project execution and access to financing, reducing structural solvency risk over months.

Negative Factors

Negative free cash flow

Persistent negative free cash flow is a structural concern for a developer: it forces reliance on external financing, increases interest and refinancing risk, and limits the firm's ability to fund new projects or absorb delays. Without sustained FCF improvement, liquidity pressure can intensify over months.

Deteriorating return on equity

Declining ROE reflects weaker returns on shareholder capital and signals that earnings are not covering the cost of equity. Over a multi-month horizon this undermines reinvestment capacity, investor confidence and the company’s ability to attract capital for development projects.

Revenue volatility and recent decline

Material revenue volatility and a recent significant decline reduce predictability of cash flows essential for multi-stage real estate projects. This elevates execution and funding risk, complicates planning and can necessitate higher working capital or external financing over the medium term.

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	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 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: Positive
• 100DMA: Positive
• 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 34.41, above the 50-day MA of 33.75, and below the 200-day MA of 37.98, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 48.22 is Neutral, neither overbought nor oversold. The STOCH value of 57.54 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	₹6.89B	15.14	―	―	34.34%	2.00%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
SNOWMAN	50 Neutral	₹6.48B	222.11	―	2.44%	9.91%	-66.86%
STCINDIA	48 Neutral	₹7.25B	99.85	―	―	―	―
SBGLP	46 Neutral	₹6.06B	29.98	―	0.27%	37.56%	77.10%
PVSL	45 Neutral	₹7.71B	-23.83	―	0.42%	-0.11%	-159.33%
SICALLOG	39 Underperform	₹5.91B	-400.61	―	―	76.34%	94.50%