Suratwwala BUS Group Ltd
NSE: SBGLP · Residential, Commercial Projects · sector
₹20.98NSE close 2026-10-26
Key numbers
Market cap₹364 cr
Price₹20.98
52w high / low₹41 / ₹18
P/E8.8xSector median 18.7x
P/B3.3xSector median 1.4x
Book value₹6.4
Dividend yield0.48%Sector median 0.54%
ROE46.8%Sector median 5.5%
ROCE29.9%Sector median 6.5%
OPM34.9%Sector median 12.1%
Debt / equity0.75xSector median 0.36x
EV/EBITDA7.4xSector median 17.7x
Interest cover53.2x
Current ratio2.84x
Sales growth 3y+32.3%Sector median +16.6%
Profit growth 3y+21.5%Sector median +28.0%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 141 companies in Residential, Commercial Projects (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹9 cr vs borrowings ₹83 cr (FY26): borrowings are higher by ₹74 cr.
- Borrowings rose in each of the last 3 years (₹31 cr → ₹83 cr).
- Operating profit covered interest 53.2x in the last 12 months.
- Operating cash flow was below net profit in 4 of the last 4 years (FY26, FY25, FY24, FY23).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 1% of net profit in the last 12 months.
- Debtor days went from 35 (FY24) to 95 (FY26).
- Dividend paid in 1 of the last 4 financial years.
- Price ₹20.98 on 2026-10-26: -48.7% from the 52-week high, +14.3% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹136.98 · low ₹20.82
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2 | 3 | 21 | 16 | 26 | 42 | 59 | 42 |
| EBITDA | 1 | -0 | 9 | 7 | 11 | 15 | 19 | 13 |
| OPM % | 29.5% | -8.5% | 39.6% | 43.8% | 42.6% | 36.8% | 32.4% | 31.9% |
| Other income | 0 | 1 | 0 | 1 | 0 | 0 | -0 | 1 |
| Net profit | 0 | 0 | 7 | 5 | 8 | 11 | 13 | 9 |
| EPS (₹) | 0.01 | 0.01 | 0.38 | 0.31 | 0.46 | 0.62 | 0.76 | 0.53 |
| Revenue YoY | +1,059.8% | +1,223.6% | +174.7% | +164.1% | ||||
| Profit YoY | +3,609.1% | +5,757.9% | +103.4% | +75.2% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|
| Revenue | 62 | 72 | 36 | 143 | 169 |
| EBITDA | 30 | 39 | 14 | 53 | 59 |
| Net profit | 21 | 28 | 11 | 38 | 42 |
| EPS (₹) | 2.44 | 0.16 | 0.64 | 2.15 | 2.37 |
| Revenue growth | +16.5% | -50.5% | +301.3% | +294.9% | |
| Profit growth | +31.5% | -60.3% | +243.3% | +241.5% | |
| Dividend / share (₹) | – | – | – | 0.10 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +32.3% | – | +294.9% |
| Net profit | +21.5% | – | +241.5% |
| EPS | -4.2% | – | – |
| Share price | – | -59.7% (2y) | -40.7% |
Balance sheet
| ₹ cr | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Shareholders' equity | 11 | 58 | 69 | 110 |
| Borrowings | 31 | 38 | 73 | 83 |
| Cash & equivalents | 2 | 8 | 12 | 9 |
| Total assets | 119 | 127 | 185 | 263 |
| Fixed assets | 1 | 1 | 21 | 33 |
| Capital work in progress | 0 | 0 | 6 | 1 |
| Investments | 0 | 0 | 0 | 0 |
| Receivables | 1 | 7 | 4 | 37 |
| Inventory | 102 | 106 | 132 | 164 |
| Payables | 8 | 9 | 13 | 36 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Cash from operations | 7 | 0 | -5 | -6 |
| Cash from investing | -1 | -2 | -35 | -5 |
| Cash from financing | -6 | 6 | 35 | 14 |
| Capex | 0 | 1 | 26 | 9 |
| Free cash flow | 7 | -1 | -31 | -15 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| ROE % | 190.2% | 48.0% | 16.1% | 34.3% |
| ROCE % | 69.6% | 40.7% | 10.9% | 26.8% |
| Debtor days | 4 | 35 | 43 | 95 |
| Inventory days | 1,588 | 1,363 | 2,948 | 746 |
| Payable days | 125 | 121 | 286 | 164 |
| Cash conversion cycle (days) | 1,467 | 1,277 | 2,705 | 677 |
| Working capital days | 18 | 304 | 1,065 | 360 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 73.39% |
| Public (non-institutions) | 26.61% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 73.39% | 73.39% | 73.39% | 73.39% | 73.39% | 73.39% | 73.39% | 73.39% |
| Promoter group | % |
|---|---|
| Jatin Dhansukhlal Suratwala | 38.70% |
| Manoj Dhansukhlal Suratwala | 13.19% |
| Manisha Jatin Suratwala | 5.76% |
| Hitendra Suratwala | 5.55% |
| Hema Sukhadia | 4.50% |
| Mehta Mayuri | 3.89% |
| Suratwwala properties LLP | 0.50% |
| Ishita Manoj Suratwala | 0.25% |
| Radha Pankaj Sukhadia | 0.22% |
| Vaibhavi Jatin Suratwala | 0.21% |
| Yash Jatin Suratwala | 0.18% |
| Saloni Hitendra Suratwala | 0.17% |
| Dhaval Suratwala | 0.14% |
| Divya Pankaj Sukhadia | 0.07% |
| Sonal Suratwala | 0.07% |
| Public holders above 1% | % |
|---|---|
| Rajesh Bipin Kamdar | 1.17% |
| Kulin Shantilal Vora | 1.08% |
| Shree Tirupati Aviation Consultancy Private Limited | 1.01% |
10,433 shareholders. Pledged: – of promoter shares.
Peers in Residential, Commercial Projects
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| DLF | ₹1,63,939 cr | 35.9x | 3.6x | 10.3% | 6.3% | 14.8% | +12.9% | 0.90% |
| LODHA | ₹97,912 cr | 23.7x | 4.2x | 19.0% | 17.9% | 32.2% | +20.8% | 0.43% |
| PHOENIXLTD | ₹67,737 cr | 52.9x | 6.2x | 11.9% | 15.4% | 59.1% | +18.8% | 0.13% |
| PRESTIGE | ₹60,152 cr | 52.8x | 3.7x | 7.2% | 10.5% | 28.1% | +15.1% | 0.12% |
| OBEROIRLTY | ₹57,522 cr | 21.9x | 3.0x | 14.7% | 16.9% | 57.1% | +12.8% | 0.51% |
| GODREJPROP | ₹45,942 cr | 28.7x | 2.4x | 8.8% | 6.9% | -7.7% | +31.6% | – |
| BRIGADE | ₹17,781 cr | 25.6x | 2.6x | 11.2% | 10.9% | 27.0% | +18.3% | 0.35% |
| ANANTRAJ | ₹16,514 cr | 27.8x | 2.9x | 11.6% | 11.1% | 27.0% | +37.9% | 0.15% |
| SOBHA | ₹12,247 cr | 64.1x | 2.6x | 4.1% | 6.5% | 6.5% | +16.2% | 0.26% |
| SBGLP | ₹364 cr | 8.8x | 3.3x | 46.8% | 29.9% | 34.9% | +32.3% | 0.48% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Real Estate | ₹89 cr | 62.1% | ₹41 cr | 46.1% |
| Solar Unit | ₹54 cr | 37.9% | ₹10 cr | 19.2% |
| 0 | ₹0 cr | – | ₹0 cr | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-11 | Dividend | Dividend - Re 0.12 Per Share |
| 2025-09-12 | Dividend | Dividend - Rs 0.10 Per Share |
| 2024-09-20 | Other | Annual General Meeting |
| 2024-04-18 | Split | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Consumer Discretionary |
| Industry | Residential, Commercial Projects |
| Sub-industry | Residential, Commercial Projects |
| Symbol | SBGLP |
| BSE code | 543218 |
| ISIN | INE05ST01028 |
| Face value | ₹1.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.