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Suratwwala Business Group Ltd
(SBGLP)
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Rating:55Neutral
Price Target:
₹28.00
▼(-19.19% Downside)
Action:Reiterated
Date:05/31/26
The score is held back primarily by weak cash-flow quality (negative operating and free cash flow in recent periods) alongside rising leverage, despite improved reported profitability. Technicals are broadly neutral-to-weak with longer-term trend pressure and negative MACD, while valuation is moderately supportive with a reasonable P/E and a small dividend yield.
Positive Factors
Improved profitability and scale
The material revenue and earnings step-up in FY2026 indicates the business can scale projects successfully and capture higher-margin activity. Sustained improvement in profitability supports reinvestment in development pipelines, strengthens lender confidence, and enhances capacity to fund future projects over the medium term.
Negative Factors
Negative operating and free cash flow
Persistent negative OCF and FCF show reported profits are not converting to cash, forcing reliance on external funding to progress projects. This elevates execution and refinancing risk, increases interest burden, and constrains the firm's ability to self-fund new developments until cash conversion improves.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved profitability and scale
The material revenue and earnings step-up in FY2026 indicates the business can scale projects successfully and capture higher-margin activity. Sustained improvement in profitability supports reinvestment in development pipelines, strengthens lender confidence, and enhances capacity to fund future projects over the medium term.
Read all positive factors
Suratwwala Business Group Ltd (SBGLP) vs. iShares MSCI India ETF (INDA)
Market Cap
₹4.32B
Dividend Yield0.27%
Average Volume (3M)5.24K
Price to Earnings (P/E)11.5
Beta (1Y)1.57
Revenue Growth301.35%
EPS Growth242.52%
CountryIN
Employees48
SectorServices
Sector StrengthN/A
IndustryReal Estate - Development
Share Statistics
EPS (TTM)1.13
Shares Outstanding173,416,440
10 Day Avg. Volume1,837
30 Day Avg. Volume5,236
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)3.13
Price to Sales (P/S)2.29
P/FCF Ratio-20.94
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Suratwwala Business Group Ltd Business Overview & Revenue Model
Company Description
Suratwwala Business Group Limited engages in the construction of residential, commercial, and IT parks properties in India. The company provides maintenance services for its developed properties. It also engages in renting of immovable properties;...
How the Company Makes Money
Suratwwala Business Group Ltd. generates revenue primarily through the sale and lease of its commercial real estate properties. The company identifies strategic locations for development and invests in creating premium business hubs tailored to th...
Suratwwala Business Group Ltd Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
56
Neutral
Cash Flow
29
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 665.82M | 1.43B | 356.28M | 720.12M | 622.79M | 7.94M |
| Gross Profit | 317.35M | 585.00M | 175.18M | 435.85M | 383.08M | -8.87M |
| EBITDA | 282.81M | 532.34M | 158.63M | 391.60M | 301.16M | -27.77M |
| Net Income | 202.12M | 379.01M | 110.36M | 277.93M | 211.63M | -107.61M |
Balance Sheet | ||||||
| Total Assets | 2.16B | 2.63B | 1.85B | 1.27B | 1.20B | 1.07B |
| Cash, Cash Equivalents and Short-Term Investments | 132.36M | 93.50M | 121.07M | 77.58M | 17.04M | 8.95M |
| Total Debt | 651.42M | 830.13M | 727.25M | 377.54M | 315.03M | 435.12M |
| Total Liabilities | 1.27B | 1.53B | 1.15B | 679.89M | 1.08B | 664.94M |
| Stockholders Equity | 820.89M | 1.04B | 687.35M | 578.60M | 111.21M | 405.85M |
Cash Flow | ||||||
| Free Cash Flow | 34.10M | -156.07M | -310.60M | -5.68M | 69.48M | 56.93M |
| Operating Cash Flow | 65.38M | -68.20M | -47.36M | 2.94M | 71.56M | 59.09M |
| Investing Cash Flow | 31.94M | 20.74M | -346.64M | -16.39M | -7.68M | -2.16M |
| Financing Cash Flow | -75.91M | 85.47M | 349.55M | 61.03M | -61.72M | 153.20M |
Suratwwala Business Group Ltd Technical Analysis
Negative
34.65
Price Trends
26.65
Negative
27.49
Negative
30.67
Negative
Market Momentum
-0.17
Positive
45.75
Neutral
11.18
Positive
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 25.87, above the 50-day MA of 26.65, and above the 200-day MA of 30.67, indicating a bearish trend. The MACD of -0.17 indicates Positive momentum. The RSI at 45.75 is Neutral, neither overbought nor oversold. The STOCH value of 11.18 is Positive, 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
55 Neutral | ₹4.32B | 11.53 | ― | 0.27% | 301.35% | 242.52% | |
55 Neutral | ₹5.06B | 22.97 | ― | ― | ― | ― | |
53 Neutral | ₹5.09B | 17.75 | ― | ― | 36.25% | 95.67% | |
45 Neutral | ₹5.20B | -3.32 | ― | ― | -38.72% | -315.85% | |
43 Neutral | ₹4.42B | -1.95 | ― | ― | 13.18% | -29.57% | |
42 Neutral | ₹1.17B | -0.27 | ― | ― | -5.41% | 22.14% |
* Services Sector Average
IN:SBGLP
Suratwwala Business Group Ltd
24.92
-19.84
-44.33%
IN:EMAMIREAL
Emami Realty Limited
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-25.44%
IN:NILASPACES
Nila Spaces Ltd.
12.91
0.98
8.21%
IN:PANSARI
Pansari Developers Ltd.
289.85
56.15
24.03%
IN:PARSVNATH
Parsvnath Developers Limited
2.70
-16.53
-85.96%
IN:PENINLAND
Peninsula Land Limited
15.67
-16.32
-51.02%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.