Suraj Estate Developers Limited

NSE: SURAJEST · Realty

52W Range₹165 ₹319

Snapshot

Unlock Suraj Estate Developers Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Suraj Estate Developers Limited is a real estate developer focused on residential and commercial projects within the South Central Mumbai region. Established in 1986, the company specialises in urban redevelopment and premium property development.

Business Model

The company generates revenue primarily through the development and sale of residential and commercial real estate assets. Its business model is heavily reliant on land acquisition and redevelopment projects in high-density urban areas of Mumbai.

Growth Outlook

Growth is driven by the ongoing demand for premium residential spaces in South Central Mumbai and the company's ability to execute complex redevelopment projects. Future performance is contingent upon successful project launches and timely completion of existing developments.

Key Risks

  • Geographic Concentration. The company's operations are highly concentrated in South Central Mumbai, making it vulnerable to local market fluctuations and regulatory changes.
  • Regulatory and Approval Risk. Real estate development in Mumbai is subject to complex approval processes and stringent building regulations that can cause significant project delays.
  • Interest Rate Sensitivity. High interest rates can increase borrowing costs for the company and reduce demand for residential properties among potential homebuyers.
  • Execution Risk. The company faces risks related to the timely completion of redevelopment projects, which often involve managing existing tenants and complex land titles.

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Key Metrics

P/E

9.0x

Q1 FY27 · consolidated

9.0 vs 9.2x5Y avg

EV/EBITDA

6.4x

Q1 FY27 · consolidated

6.4 vs 6.3x5Y avg

DEBT TO EQUITY

0.7x

Q1 FY27 · consolidated

+0.14xYoY

Peers · Realty

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Suraj Estate Developers LimitedSURAJEST
₹852 Cr8.986.3940.0%9.7%15.9%-40.3%
B-Right Realestate LimitedBRRL
₹956 Cr39.0%+121.8%
Arihant Foundations & Housing LimitedARIHANT
₹950 Cr15.2813.21103.6%24.1%18.6%19.8%-15.7%
Eldeco Housing And Industries LimitedELDEHSG
₹776 Cr21.4012.3538.9%29.5%9.3%10.7%+3.7%
GeeCee Ventures LimitedGEECEE
₹766 Cr16.249.11-6.5%57.7%5.6%6.8%-4.9%
Prozone RealtyPROZONER
₹759 Cr66.3519.83-6.8%39.3%3.3%4.2%+13.2%

As of Q1 FY27

Financials