Suraj Estate Developers L

NSE: SURAJEST · Residential, Commercial Projects · sector

₹172.44NSE close 2026-10-26

Key numbers

Market cap₹798 cr

Price₹172.44

52w high / low₹319 / ₹165

P/E8.7xSector median 18.7x

P/B0.8xSector median 1.4x

Book value₹214.6

Dividend yield–Sector median 0.54%

ROE9.7%Sector median 5.5%

ROCE13.6%Sector median 6.5%

OPM39.0%Sector median 12.1%

Debt / equity0.65xSector median 0.36x

EV/EBITDA6.3xSector median 17.7x

Interest cover2.4x

Current ratio4.45x

Sales growth 3y–Sector median +16.6%

Profit growth 3y–Sector median +28.0%

PEG18.02x

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 ₹54 cr vs borrowings ₹642 cr (FY26): borrowings are higher by ₹588 cr.
Operating profit covered interest 2.4x in the last 12 months.
Operating cash flow was below net profit in 3 of the last 3 years (FY26, FY25, FY24).
Revenue was higher than a year earlier in 3 of the last 4 quarters.
Other income was 7% of net profit in the last 12 months.
Debtor days went from 94 (FY24) to 77 (FY26).
Dividend paid in 1 of the last 3 financial years.
Price ₹172.44 on 2026-10-26: -45.9% from the 52-week high, +4.5% 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 ₹801.15 · low ₹169.91

Quarterly results

₹ cr	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	109	170	136	132	145	180	99	145
EBITDA	63	46	30	50	65	54	50	53
OPM %	58.2%	27.0%	22.1%	37.4%	44.8%	29.8%	50.4%	36.8%
Other income	1	2	1	1	1	1	2	2
Net profit	32	20	18	21	33	25	11	23
EPS (₹)	7.43	4.23	3.61	4.60	7.15	5.44	2.32	4.94
Revenue YoY					+32.5%	+6.0%	-27.6%	+9.2%
Profit YoY					+4.0%	+25.9%	-41.2%	+7.3%

Consolidated figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY24	FY25	FY26	TTM
Revenue	412	549	556	568
EBITDA	233	203	218	221
Net profit	68	100	90	92
EPS (₹)	19.39	21.80	19.51	19.85
Revenue growth		+33.2%	+1.2%	+3.7%
Profit growth		+48.4%	-9.9%	+0.5%
Dividend / share (₹)	–	1.00	–

Compounded growth	3 years	5 years	Last 12 months
Sales	–	–	+3.7%
Net profit	–	–	+0.5%
EPS	–	–	–
Share price	–	-50.8% (2y)	-32.3%

Balance sheet

₹ cr	FY24	FY25	FY26
Shareholders' equity	516	903	993
Borrowings	426	456	642
Cash & equivalents	112	42	54
Total assets	1,290	1,747	1,961
Fixed assets	23	22	54
Capital work in progress	–	0	0
Investments	0	0	0
Receivables	107	57	117
Inventory	739	904	945
Payables	36	43	38

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY24	FY25	FY26
Cash from operations	9	-306	-54
Cash from investing	-90	79	-15
Cash from financing	70	238	94
Capex	25	1	3
Free cash flow	-16	-307	-57

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY24	FY25	FY26
ROE %	13.1%	11.1%	9.1%
ROCE %	24.7%	14.8%	13.3%
Debtor days	94	38	77
Inventory days	1,997	1,113	1,205
Payable days	97	53	48
Cash conversion cycle (days)	1,994	1,098	1,234
Working capital days	631	804	955

Shareholding

Holder	% (2026-09-30)
Promoters	69.80%
FIIs	2.14%
DIIs	1.00%
Public (non-institutions)	27.06%

Quarter	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters %	69.60%	69.60%	69.60%	69.60%	69.60%	69.80%	69.80%	69.80%

Promoter group	%
Rajan Thomas	57.11%
Sujatha Thomas	8.12%
Accord Estates Private Limited	3.14%
Rahul Jesu Thomas	0.92%
Margarette Shwetha Thomas	0.36%
Elizabeth Lavanya Thomas	0.16%
Sonali Menon	0.00%

Public holders above 1%	%
First Water Fund	1.44%
Devidas Nivrattirao Kanje	1.30%

36,452 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%
SURAJEST	₹798 cr	8.7x	0.8x	9.7%	13.6%	39.0%	–	–

All 141 companies in Residential, Commercial Projects →

Dividends & corporate actions

Ex-date	Action	Detail
2024-09-20	Dividend	Annual General Meeting/Dividend - Re 1 Per Share

Documents

Links go to the original files on the exchange website.

About the company

Real Estate Construction and Development: Development and sale of residential and commercial premises


Sector	Consumer Discretionary
Industry	Residential, Commercial Projects
Sub-industry	Residential, Commercial Projects
Symbol	SURAJEST
BSE code	544054
ISIN	INE843S01025
Face value	₹5.0
Incorporated	1986-09-10
Website	https://surajestate.com
Plants (India / abroad)	0 / 0

From the company's filings (BRSR FY26).

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.