Suratwwala Business Group Ltd (SBGLP) AI Stock Analysis

• Market Cap: ₹4.56B
• Dividend Yield: 0.27%
• Average Volume (3M): 5.24K
• Price to Earnings (P/E): 13.6
• Beta (1Y): 0.78
• 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: ₹26.00 ▼(-24.96% 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

Moderate leverage and stable equity ratio

A moderate debt-to-equity position and a stable equity ratio provide structural financial flexibility over months, reducing refinancing risk and preserving capacity to fund operations or development projects without immediate distress. This supports survivability through cyclical slowdowns and gives management room to prioritize operational fixes rather than emergency financing.

Sustained positive gross profit margin

A positive gross margin indicates the core development business retains pricing power or cost control at the direct cost level; this is durable because it reflects unit economics. If top-line volatility is addressed, positive gross margins can translate into recovery in operating profit, making margin recovery feasible without structural business redesign.

Lean operating footprint (low headcount)

A small workforce implies a lower fixed-cost base and organizational agility, which helps preserve margins during revenue swings and permits scaling with limited incremental operating expense. Over a multi-month horizon this reduces burn rate risk and eases management's ability to reallocate resources toward higher-return projects or cost optimization.

Negative Factors

Negative free cash flow and poor cash conversion

Negative free cash flow and an inverted operating-cash-to-net-income ratio are structural concerns: they constrain the company's ability to fund capex or development without external financing, increase liquidity risk, and force reliance on debt or equity raises, which can dilute returns and limit strategic flexibility over the coming months.

Declining net margins and squeezed EBITDA

Compression of net and EBITDA margins indicates the business is failing to convert gross profit into sustainable operating profit because of rising overhead or inefficiencies. Over a medium-term horizon this reduces internal cash generation, weakens reinvestment capacity, and raises the bar for any recovery in top-line to restore profitability.

Revenue volatility and recent significant drop

Material year-over-year revenue swings and a recent significant decline create uncertainty about demand stability and project execution. This makes forecasting cash flows and margins difficult, undermines lender and investor confidence, and can delay new project starts or sales cycles, impairing growth prospects over the next several months.

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

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	665.82M	356.28M	720.12M	622.79M	7.94M	127.51M
Gross Profit	317.35M	175.18M	435.85M	383.08M	-8.87M	148.95M
EBITDA	282.81M	158.63M	391.60M	301.16M	-27.77M	117.91M
Net Income	202.12M	110.36M	277.93M	211.63M	-107.61M	61.98M
Balance Sheet
Total Assets	2.16B	1.85B	1.27B	1.20B	1.07B	736.01M
Cash, Cash Equivalents and Short-Term Investments	132.36M	121.07M	77.58M	17.04M	8.95M	26.03M
Total Debt	651.42M	727.25M	377.54M	315.03M	435.12M	242.67M
Total Liabilities	1.27B	1.15B	679.89M	1.08B	664.94M	465.41M
Stockholders Equity	820.89M	687.35M	578.60M	111.21M	405.85M	270.61M
Cash Flow
Free Cash Flow	34.10M	-310.60M	-5.68M	69.48M	56.93M	-68.92M
Operating Cash Flow	65.38M	-47.36M	2.94M	71.56M	59.09M	-67.97M
Investing Cash Flow	31.94M	-346.64M	-16.39M	-7.68M	-2.16M	-948.21K
Financing Cash Flow	-75.91M	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 28.55, above the 50-day MA of 31.55, and below the 200-day MA of 36.17, indicating a bearish trend. The MACD of -1.35 indicates Positive momentum. The RSI at 32.74 is Neutral, neither overbought nor oversold. The STOCH value of 58.68 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	62 Neutral	₹5.81B	18.26	―	―	34.34%	2.00%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
SNOWMAN	50 Neutral	₹5.72B	-89.54	―	2.44%	9.91%	-66.86%
STCINDIA	48 Neutral	₹6.13B	11.60	―	―	―	―
PVSL	47 Neutral	₹6.12B	313.53	―	0.42%	-0.11%	-159.33%
SBGLP	46 Neutral	₹4.56B	13.65	―	0.27%	37.56%	77.10%
SICALLOG	39 Underperform	₹13.59B	3.00	―	―	76.34%	94.50%