Suraj Estate Developers Limited

NSE: SURAJEST · Realty

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52W Range₹165 – ₹295

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

10.1×

Q2 FY27 · consolidated

10.1 vs 9.9x5Y avg

EV/EBITDA

7.5x

Q2 FY27 · consolidated

7.5 vs 6.7x5Y avg

NET PROFIT MARGIN

13.6%

Q2 FY27 · consolidated

-9.3 ppYoY

DEBT TO EQUITY

0.8x

Q2 FY27 · consolidated

+0.20xYoY

Peers · Realty

CompanyMkt CapP/E (TTM)EV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Suraj Estate Developers LimitedSURAJEST
₹856 Cr10.1×7.52—36.8%8.2%13.4%-38.1%
B-Right Realestate LimitedBRRL
₹964 Cr———39.0%——+162.8%
Arihant Superstructures LimitedARIHANTSUP
₹901 Cr21.2×14.444.8%21.7%11.9%10.4%-49.9%
Prozone RealtyPROZONER
₹793 Cr69.3×20.33-6.8%39.3%3.3%4.2%-25.6%
Eldeco Housing And Industries LimitedELDEHSG
₹784 Cr21.6×12.5038.9%29.5%9.3%10.7%-9.6%
Modi's NavnirmanMODIS
₹777 Cr21.5×16.38—20.8%20.6%26.2%+26.0%

As of Q2 FY27

Financials