WEBSITE BSE:544054 NSE : SURAJEST 10 May, 16:01
Market Cap ₹1633 Cr.
Stock P/E 26.9
P/B 3.2
Current Price ₹368.2
Book Value ₹ 116.5
Face Value 5
52W High ₹443.7
Dividend Yield 0.27%
52W Low ₹ 256
Suraj Estate Developers Limited. is a trusted brand name in the real estate sector of Mumbai. Established in 1986, Suraj has successfully delivered over 36 projects and has developed more than 10 lac sq. ft of construction spanning residential and commercial in the prime locales of Mahim, Dadar, and Prabhadevi. Suraj Estate Developers has a prestigious clientele such as ICICI Bank Limited., Union Bank of India, National Stock Exchange of India Limited., Saraswat Co-op. Bank Limited., Gas Authority of India Limited., Jayprakash Industries Limited, Clearing Corporation of India Limited., who believe that Suraj Developers can fulfill their specific accommodation needs. Suraj has also constructed and sold exclusive residential apartment buildings to ICICI Bank Limited, Union Bank of India and the National Stock Exchange (NSE).
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₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|
| Net Sales | 103 | 106 | 100 |
| Other Income | 0 | 0 | 3 |
| Total Income | 104 | 106 | 103 |
| Total Expenditure | 40 | 36 | 47 |
| Operating Profit | 63 | 70 | 56 |
| Interest | 40 | 47 | 25 |
| Depreciation | 1 | 1 | 2 |
| Exceptional Income / Expenses | 0 | 0 | 0 |
| Profit Before Tax | 23 | 22 | 30 |
| Provision for Tax | 6 | 6 | 10 |
| Profit After Tax | 17 | 17 | 19 |
| Adjustments | 0 | 0 | -0 |
| Profit After Adjustments | 17 | 17 | 19 |
| Adjusted Earnings Per Share | 5.3 | 3.9 | 4.5 |
| #(Fig in Cr.) | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
|---|---|---|---|---|---|---|
| Net Sales | 35 | 87 | 240 | 273 | 306 | 309 |
| Other Income | 1 | 2 | 4 | 1 | 2 | 3 |
| Total Income | 36 | 89 | 244 | 274 | 308 | 313 |
| Total Expenditure | -20 | 20 | 153 | 141 | 155 | 123 |
| Operating Profit | 56 | 69 | 91 | 133 | 153 | 189 |
| Interest | 53 | 64 | 79 | 93 | 107 | 112 |
| Depreciation | 1 | 2 | 2 | 4 | 3 | 4 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 2 | 2 | 9 | 36 | 43 | 75 |
| Provision for Tax | 1 | 1 | 3 | 10 | 11 | 22 |
| Profit After Tax | 2 | 2 | 6 | 27 | 32 | 53 |
| Adjustments | -0 | -0 | -0 | -0 | 0 | 0 |
| Profit After Adjustments | 2 | 1 | 6 | 26 | 32 | 53 |
| Adjusted Earnings Per Share | 0.5 | 0.5 | 1.9 | 8.3 | 10.1 | 13.7 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 12% | 52% | 0% | 0% |
| Operating Profit CAGR | 15% | 30% | 0% | 0% |
| PAT CAGR | 19% | 152% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | NA% | NA% | NA% | NA% |
| ROE Average | 58% | 53% | 35% | 35% |
| ROCE Average | 22% | 19% | 17% | 17% |
| #(Fig in Cr.) | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|
| Shareholder's Funds | 22 | 23 | 29 | 39 | 71 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 302 | 407 | 464 | 397 | 346 |
| Other Non-Current Liabilities | 4 | 5 | 5 | 5 | 2 |
| Total Current Liabilities | 268 | 274 | 293 | 422 | 520 |
| Total Liabilities | 596 | 709 | 791 | 863 | 939 |
| Fixed Assets | 6 | 22 | 21 | 18 | 16 |
| Other Non-Current Assets | 7 | 4 | 4 | 5 | 32 |
| Total Current Assets | 584 | 683 | 766 | 841 | 892 |
| Total Assets | 596 | 709 | 791 | 863 | 939 |
| #(Fig in Cr.) | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 2 | 4 | 2 | 2 | 6 |
| Cash Flow from Operating Activities | -53 | -32 | -15 | 70 | 189 |
| Cash Flow from Investing Activities | -4 | -15 | -7 | -21 | -27 |
| Cash Flow from Financing Activities | 59 | 45 | 27 | -45 | -156 |
| Net Cash Inflow / Outflow | 2 | -2 | 5 | 4 | 6 |
| Closing Cash & Cash Equivalent | 4 | 2 | 8 | 6 | 12 |
| # | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 0.49 | 0.46 | 1.94 | 8.31 | 10.13 |
| CEPS(Rs) | 0.7 | 1.04 | 2.73 | 9.51 | 10.91 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 6.83 | 7.25 | 9.18 | 12.33 | 22.49 |
| Core EBITDA Margin(%) | 157.15 | 76.56 | 36.1 | 48.3 | 49.39 |
| EBIT Margin(%) | 158.99 | 76.83 | 36.77 | 47.39 | 49.25 |
| Pre Tax Margin(%) | 6.27 | 2.68 | 3.77 | 13.26 | 14.13 |
| PAT Margin (%) | 4.69 | 1.74 | 2.62 | 9.72 | 10.49 |
| Cash Profit Margin (%) | 6.4 | 3.8 | 3.61 | 11.07 | 11.33 |
| ROA(%) | 0.27 | 0.23 | 0.84 | 3.2 | 3.56 |
| ROE(%) | 7.48 | 6.78 | 24.06 | 77.6 | 58.01 |
| ROCE(%) | 14 | 14.63 | 15.35 | 19.78 | 22.44 |
| Receivable days | 309.81 | 150.33 | 93.47 | 116.37 | 123.13 |
| Inventory Days | 4769.12 | 2090.72 | 843.54 | 793.83 | 760.01 |
| Payable days | -69.37 | -78.85 | 83.72 | -158.89 | -681.33 |
| PER(x) | 0 | 0 | 0 | 0 | 0 |
| Price/Book(x) | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 10.71 | 5.73 | 2.44 | 2.31 | 1.9 |
| EV/Core EBITDA(x) | 6.66 | 7.26 | 6.46 | 4.74 | 3.79 |
| Net Sales Growth(%) | 0 | 151.35 | 176.08 | 13.64 | 12.11 |
| EBIT Growth(%) | 0 | 21.46 | 32.14 | 46.45 | 16.49 |
| PAT Growth(%) | 0 | -6.59 | 313.98 | 322.31 | 20.98 |
| EPS Growth(%) | 0 | -7.83 | 325.52 | 328.06 | 21.93 |
| Debt/Equity(x) | 17.1 | 21.61 | 20.6 | 16.29 | 8.31 |
| Current Ratio(x) | 2.17 | 2.49 | 2.61 | 1.99 | 1.72 |
| Quick Ratio(x) | 0.49 | 0.51 | 0.7 | 0.52 | 0.46 |
| Interest Cover(x) | 1.04 | 1.04 | 1.11 | 1.39 | 1.4 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 | 0 |
| # | Dec 2023 | Mar 2024 |
|---|---|---|
| Promoter | 74.95 | 74.95 |
| FII | 7.12 | 5.66 |
| DII | 4.02 | 3.11 |
| Public | 13.9 | 16.28 |
| Others | 0 | 0 |
| Total | 100 | 100 |
| # | Dec 2023 | Mar 2024 |
|---|---|---|
| Promoter | 3.32 | 3.32 |
| FII | 0.32 | 0.25 |
| DII | 0.18 | 0.14 |
| Public | 0.62 | 0.72 |
| Others | 0 | 0 |
| Total | 4.44 | 4.44 |
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