Suraj Estate Developers Limited (IN:SURAJEST)
:SURAJEST
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Suraj Estate Developers Limited
(SURAJEST)
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Rating:64Neutral
Price Target:
₹191.00
▼(-28.93% Downside)
Action:ReiteratedDate:03/28/26
The score is primarily supported by solid financial performance (growth and improving equity returns) and reasonable valuation, but is held back by weak technicals (below key moving averages with negative MACD) and cash-flow volatility, including a substantial negative operating cash flow in the most recent year.
Positive Factors
Consistent revenue growth
Sustained top-line growth indicates successful project execution and market demand in the Mumbai region. Over the next 2–6 months, growing revenue supports cash inflows from presales and milestone-linked collections, strengthens project funding capacity, and underpins portfolio expansion and execution credibility.
Negative Factors
Volatile and negative operating cash flow
Large negative and inconsistent operating cash flow undermines liquidity and increases reliance on external financing. Over the next several months this raises execution and timing risk for ongoing projects, can delay completions or collections, and elevates the chance of funding stress for new acquisitions.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent revenue growth
Sustained top-line growth indicates successful project execution and market demand in the Mumbai region. Over the next 2–6 months, growing revenue supports cash inflows from presales and milestone-linked collections, strengthens project funding capacity, and underpins portfolio expansion and execution credibility.
Read all positive factors
Suraj Estate Developers Limited (SURAJEST) vs. iShares MSCI India ETF (INDA)
Market Cap
₹9.98B
Dividend Yield0.41%
Average Volume (3M)5.92K
Price to Earnings (P/E)12.1
Beta (1Y)2.08
Revenue Growth64.92%
EPS Growth7.40%
CountryIN
Employees68
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)5.43
Shares Outstanding47,773,388
10 Day Avg. Volume6,114
30 Day Avg. Volume5,915
Financial Highlights & Ratios
PEG Ratio7.15
Price to Book (P/B)1.68
Price to Sales (P/S)2.76
P/FCF Ratio-3.77
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)22.6
Revenue Forecast (FY)₹7.20B
Suraj Estate Developers Limited Business Overview & Revenue Model
Company Description
Suraj Estate Developers Limited engages in the real estate development business primarily in South Central Mumbai, India. The company develops residential and commercial projects. Suraj Estate Developers Limited was incorporated in 1986 and is bas...
How the Company Makes Money
Suraj Estate Developers Limited primarily makes money by developing and selling residential real estate units in its projects. Key revenue streams generally include: (1) Sales of apartments/units: Revenue is generated from customer bookings and sa...
Suraj Estate Developers Limited Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
75
Positive
Cash Flow
68
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.48B | 5.49B | 4.12B | 3.06B | 2.73B | 2.40B |
| Gross Profit | 2.31B | 2.23B | 2.76B | 1.71B | 1.48B | 981.03M |
| EBITDA | 1.93B | 2.07B | 2.32B | 1.52B | 1.29B | 902.17M |
| Net Income | 913.90M | 1.00B | 674.99M | 321.60M | 263.75M | 61.63M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 17.47B | 12.90B | 9.43B | 8.64B | 7.92B |
| Cash, Cash Equivalents and Short-Term Investments | 420.59M | 420.59M | 64.16M | 121.05M | 76.86M | 208.53M |
| Total Debt | 0.00 | 4.61B | 4.30B | 5.93B | 6.40B | 6.03B |
| Total Liabilities | -9.03B | 8.44B | 7.74B | 8.71B | 8.25B | 7.63B |
| Stockholders Equity | 9.03B | 9.03B | 5.16B | 713.92M | 391.63M | 291.47M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -4.02B | -163.34M | 1.89B | 684.73M | -173.54M |
| Operating Cash Flow | 0.00 | -4.01B | 90.12M | 1.90B | 697.57M | -149.31M |
| Investing Cash Flow | 0.00 | 767.38M | -897.42M | -271.22M | -210.63M | -122.69M |
| Financing Cash Flow | 0.00 | 3.15B | 702.08M | -1.57B | -446.80M | 269.57M |
Suraj Estate Developers Limited Technical Analysis
Neutral
268.75
Price Trends
212.48
Negative
236.47
Negative
270.75
Negative
Market Momentum
-5.87
Negative
54.43
Neutral
78.24
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SURAJEST, the sentiment is Neutral. The current price of 268.75 is above the 20-day moving average (MA) of 197.22, above the 50-day MA of 212.48, and below the 200-day MA of 270.75, indicating a neutral trend. The MACD of -5.87 indicates Negative momentum. The RSI at 54.43 is Neutral, neither overbought nor oversold. The STOCH value of 78.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:SURAJEST.
Suraj Estate Developers Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | ₹9.98B | 12.10 | ― | 0.41% | 64.92% | 7.40% | |
63 Neutral | ₹26.98B | 23.57 | ― | 0.98% | 13.62% | 34.30% | |
63 Neutral | ₹46.40B | 24.91 | ― | 0.36% | -14.25% | 17.95% | |
58 Neutral | ₹23.47B | 36.99 | ― | 0.47% | -1.25% | -5.48% | |
57 Neutral | ₹28.13B | 195.93 | ― | 1.01% | 3.05% | ― | |
56 Neutral | ₹31.28B | 12.74 | ― | 0.85% | 24.58% | 122.16% |
* Real Estate Sector Average
IN:SURAJEST
Suraj Estate Developers Limited
208.90
-75.20
-26.47%
IN:AJMERA
Ajmera Realty & Infra India Ltd
119.27
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-25.19%
IN:ARVSMART
Arvind SmartSpaces Ltd.
588.15
-50.85
-7.96%
IN:ASHIANA
Ashiana Housing Limited
311.20
41.72
15.48%
IN:KOLTEPATIL
Kolte-Patil Developers Limited
317.20
-10.95
-3.34%
IN:SUNTECK
Sunteck Realty Limited
316.00
-37.26
-10.55%
Suraj Estate Developers Limited Corporate Events
Suraj Estate Developers Buys Prabhadevi Land Owner Hally Pacific for ₹30.4 Crore
Feb 23, 2026
Suraj Estate Developers Limited has completed the acquisition of 100% of Hally Pacific Private Limited, which owns a strategically located 717.39 square metre vacant land parcel on Sayani Road in Prabhadevi, Mumbai. The deal, executed via a share ...
Suraj Estate Raises Rs 45 Crore via Unlisted NCD Issue
Feb 21, 2026
Suraj Estate Developers Limited has approved the allotment of 4.5 crore unlisted, secured, non-convertible debentures with a face value of Rs 10 each, aggregating Rs 45 crore, on a private placement basis to IDBI Trusteeship Services Limited as tr...
Suraj Estate Developers Raises ₹45 Crore via Private NCD Placement
Feb 21, 2026
Suraj Estate Developers has approved the allotment of 4.5 crore unlisted, secured non-convertible debentures with a face value of ₹10 each, raising ₹45 crore through a private placement. The securities, carrying an effective interest s...
Suraj Estate Developers Raises Rs 45 Crore via Unlisted NCDs from AIF
Feb 21, 2026
Suraj Estate Developers Limited has raised Rs 45 crore through a private placement of 4.5 crore unlisted, secured non-convertible debentures to IDBI Trusteeship Services, acting as trustee for India Real Estate Investment Fund Series 2 managed by ...
Suraj Estate Developers to Raise ₹45 Crore via Private NCD Issue
Feb 20, 2026
Suraj Estate Developers Limited has approved the issuance of 45 crore rupees of unlisted, redeemable, secured, non-convertible debentures, priced at 10 rupees each, through a private placement. The debentures will be allotted to IDBI Trusteeship S...
Suraj Estate Posts Record Q3 FY26 Performance on Strong Sales and Commercial Launch
Jan 28, 2026
Suraj Estate Developers Limited reported its highest-ever operational performance for the third quarter and nine months of FY26, driven by strong sales growth and a successful commercial project launch. For Q3FY26, sales value surged 137% year-on-...
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.