Suraj Estate Developers Limited (SURAJEST) AI Stock Analysis

• Market Cap: ₹11.07B
• Dividend Yield: 0.41%
• Average Volume (3M): 5.92K
• Price to Earnings (P/E): 11.8
• Beta (1Y): 2.40
• Revenue Growth: 64.92%
• EPS Growth: 7.40%
• Country: IN
• Employees: 68
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): 7.15
• Shares Outstanding: 47,773,388
• 10 Day Avg. Volume: 6,114
• 30 Day Avg. Volume: 5,915
• PEG Ratio: 7.15
• Price to Book (P/B): 1.68
• Price to Sales (P/S): 2.76
• P/FCF Ratio: -3.77
• 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): 4,704.3
• Revenue Forecast (FY): ₹757.03B

• Rating: 61 Neutral
• Price Target: ₹280.00 ▲(4.19% Upside)

The overall stock score of 61 reflects strong financial performance, but is tempered by bearish technical indicators and cash flow concerns. The valuation is reasonable, but the low dividend yield limits income potential.

Positive Factors

Revenue Growth

The company's strong revenue growth indicates effective market penetration and demand for its projects, supporting long-term business expansion.

Balance Sheet Improvement

Improved equity ratio suggests enhanced financial stability, reducing risk and increasing capacity for future investments.

Profitability

Increasing net profit margins demonstrate effective cost management and operational efficiency, boosting long-term financial health.

Negative Factors

Cash Flow Volatility

Volatile cash flow can strain liquidity, affecting the company's ability to fund operations and growth initiatives consistently.

High Leverage

High leverage increases financial risk, potentially limiting flexibility in downturns and impacting long-term sustainability.

Decline in Gross Profit

A decline in gross profit may indicate rising costs or pricing pressures, potentially affecting future profitability and competitiveness.

Suraj Estate Developers Limited Business Overview & Revenue Model

Company Description

Suraj Estate Developers Limited (SURAJEST) is a prominent real estate development company focused on residential and commercial properties. Operating primarily in urban markets, SURAJEST specializes in the planning, construction, and management of high-quality real estate projects, including apartments, office spaces, and mixed-use developments. The company is committed to delivering innovative designs and sustainable living environments that cater to the evolving needs of its clientele.

How the Company Makes Money

SURAJEST generates revenue through various streams including the sale of residential units in its developed properties, leasing of commercial spaces, and project management services for third-party developments. The company also engages in joint ventures with landowners and other developers, allowing it to share risks and rewards while expanding its project portfolio. Additionally, SURAJEST benefits from strategic partnerships with financial institutions that facilitate funding for its projects, further enhancing its profitability and market reach.

Suraj Estate Developers Limited Financial Statement Overview

Summary

Suraj Estate Developers Limited shows strong revenue growth and profitability with a strengthening balance sheet. However, cash flow volatility is a concern, impacting liquidity and operational stability.

Income Statement

Suraj Estate Developers Limited has demonstrated robust revenue growth over the past years, with a significant increase in total revenue from 2020 to 2025. The gross profit margin has remained strong, indicating effective cost management. The company has also shown a steady increase in net profit margin, reflecting improved profitability. However, the decline in gross profit in the latest year is a concern.

Balance Sheet

The company's debt-to-equity ratio has been relatively high, which poses a risk, but it has shown improvement with increasing stockholders' equity. The equity ratio has improved significantly, indicating a stronger balance sheet position. Return on equity has increased, showcasing better utilization of equity. Despite the high leverage, the company is moving towards a more stable capital structure.

Cash Flow

The operating cash flow has been volatile, showing a substantial negative figure in the most recent year, which is a concern for liquidity. The free cash flow has also been inconsistent, with a significant decline recently. However, the company has managed to maintain positive financing cash flow, supporting its operations and growth.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 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

• Technical Analysis Sentiment: Negative
• Last Price: 268.75
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SURAJEST, the sentiment is Negative. The current price of 268.75 is above the 20-day moving average (MA) of 248.98, above the 50-day MA of 266.10, and below the 200-day MA of 299.07, indicating a bearish trend. The MACD of -6.70 indicates Positive momentum. The RSI at 37.11 is Neutral, neither overbought nor oversold. The STOCH value of 17.42 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SURAJEST.

Suraj Estate Developers Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SUNTECK	69 Neutral	₹61.16B	35.06	―	0.36%	-14.25%	17.95%
AJMERA	67 Neutral	₹36.18B	5.54	―	0.47%	-1.25%	-5.48%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
ARVSMART	63 Neutral	₹26.59B	28.28	―	0.98%	13.62%	34.30%
SURAJEST	61 Neutral	₹11.07B	11.78	―	0.41%	64.92%	7.40%
KOLTEPATIL	57 Neutral	₹33.27B	43.54	―	1.01%	3.05%	―
ASHIANA	56 Neutral	₹28.51B	40.90	―	0.85%	24.58%	122.16%

Suraj Estate Developers Limited Corporate Events

Suraj Estate Developers Faces Rs 37-Crore GST Demand, Plans Appeal

Suraj Estate Developers Limited has disclosed that it received an adjudication order and show cause notice from the Additional Commissioner of CGST & Central Excise, Mumbai Central, following an audit covering financial years 2018-19 to 2022-23. The order, dated 15 December 2025 and received on 19 December 2025, raises a GST demand of Rs 18.61 crore plus interest and imposes a penalty of Rs 18.43 crore. Based on legal advice, the company contends that the demand is largely not sustainable because it relates mainly to payments made to the Brihanmumbai Municipal Corporation and other statutory authorities, and it does not expect any material impact on its financials, operations or other activities. Suraj Estate intends to challenge the order by filing an appeal with the Commissioner (Appeals-II).

Suraj Estate Developers Buys Two Land Parcels in Bandra West to Fuel Project Pipeline

Suraj Estate Developers Limited has acquired two land parcels in Bandra (West), Mumbai, measuring approximately 1,760 square metres and 906.37 square metres, to support its expansion plans in this premium locality. The acquisition is intended to strengthen the company’s pipeline of new projects in Bandra (West), signalling an effort to deepen its presence in one of Mumbai’s most sought-after real estate markets and potentially enhancing its growth prospects and positioning in the city’s high-value residential segment.

Suraj Estate Developers Releases Q2 and H1 FY26 Earnings Call Transcript

Suraj Estate Developers Limited recently held an analyst and investor conference call to discuss their Q2 and H1 FY26 earnings. The transcript of this call has been made available on their website, providing insights into the company’s financial performance and strategic direction. This communication is part of the company’s ongoing efforts to maintain transparency with its investors and stakeholders.