Sharescart Research Club logo

Suratwwala Business Overview

1. Business Overview

Suratwwala Business Group Ltd. operates in the Construction - Real Estate sector in India. Its core business involves real estate development and construction. This typically encompasses acquiring land parcels, designing and planning various types of properties (e.g., residential, commercial, retail), undertaking their construction, and subsequently marketing and selling these developed units to customers. The company primarily makes money through the sale of developed properties, booking advances, and project completions. It may also generate revenue from construction contracts or rental income from commercial properties held for investment.

2. Key Segments / Revenue Mix

Without specific financial data, the exact revenue mix is not available. However, based on its industry, Suratwwala Business Group Ltd. likely operates primarily in segments such as:

Residential Development: Construction and sale of apartments, villas, and plotted developments.

Commercial Development: Construction and leasing/sale of office spaces, retail outlets, and shopping complexes.

Potentially, other segments like hospitality or integrated townships, depending on its project portfolio.

3. Industry & Positioning

The Indian real estate industry is highly fragmented, cyclical, and largely driven by economic growth, urbanization, and demographic factors. It features a mix of large national players, regional developers, and numerous smaller, local entities. The industry is also heavily influenced by government policies and regulations (e.g., RERA, environmental clearances). Without specific market share data or project scale, Suratwwala Business Group Ltd. is likely positioned as a regional developer within its operational geographies in India, competing on factors such as location, quality of construction, project amenities, and pricing.

4. Competitive Advantage (Moat)

Without specific information, it is challenging to identify a strong, durable competitive advantage for Suratwwala Business Group Ltd. Common moats in real estate include:

Strategic Land Bank: Owning desirable land parcels in high-growth areas.

Brand Reputation: A strong brand built on trust, quality, and timely delivery.

Execution Capabilities: Efficient project management and construction expertise.

Financial Strength: Access to capital at competitive rates.

Regulatory Expertise: Ability to navigate complex approval processes efficiently.

Many real estate companies compete based on location, pricing, and project features, which are often not sustainable moats.

5. Growth Drivers

Key factors that could drive growth for Suratwwala Business Group Ltd. over the next 3-5 years include:

Urbanization and Population Growth: Continued migration to urban centers drives demand for housing and commercial spaces.

Rising Disposable Incomes: Increased purchasing power leads to higher demand for quality real estate.

Government Initiatives: Policies promoting affordable housing, infrastructure development, and ease of doing business can stimulate the sector.

Favorable Interest Rates: Lower home loan interest rates make property more accessible and affordable.

Successful Project Launches: Timely completion and sales success of new projects.

6. Risks

Cyclical Nature of Real Estate: The industry is highly sensitive to economic downturns, impacting demand and property prices.

Interest Rate Fluctuations: Rising interest rates can increase borrowing costs for the company and reduce affordability for homebuyers.

Regulatory & Policy Changes: Amendments in RERA, environmental laws, taxation, or land acquisition policies can impact project timelines and profitability.

Land Acquisition Challenges: Difficulty in acquiring suitable land at reasonable costs, and delays in obtaining necessary approvals.

Funding & Liquidity Risk: Dependence on debt financing, and potential challenges in securing timely funding for projects.

Intense Competition: High competition from other regional and national developers can put pressure on margins.

Project Execution Risk: Delays in construction, cost overruns, or quality issues can harm reputation and profitability.

7. Management & Ownership

In Indian companies, management is often promoter-led, meaning the founding family or individuals hold significant ownership stakes and typically lead the company. While specific details about the promoters and their quality are not available, their strategic vision and execution capabilities are crucial for the company's success. Ownership is likely concentrated among the promoter group, which is common in India.

8. Outlook

Suratwwala Business Group Ltd. operates in a sector with significant long-term potential driven by India's demographic advantages and ongoing urbanization. Should it successfully execute projects, manage its land bank efficiently, and navigate regulatory complexities, it could benefit from sustained demand in its operational regions. However, the inherent cyclicality of the real estate market, coupled with risks associated with funding, regulatory changes, and intense competition, present significant challenges. Its future performance will largely depend on its ability to manage these risks, secure timely project approvals, and maintain a strong reputation for quality and delivery amidst a dynamic market environment.

Want to Start Investing in Top Unlisted Stocks?

Our experts help you choose the right stocks based on performance, risk, and growth potential.

Suratwwala Business Key Financials

Market Cap ₹455 Cr.

Stock P/E 41.2

P/B 4.9

Current Price ₹26.2

Book Value ₹ 5.4

Face Value 1

52W High ₹49.2

Dividend Yield 0.38%

52W Low ₹ 18.4

Suratwwala Business Share Price

| |

Volume
Price

Suratwwala Business Quarterly Price

Show Value Show %

Suratwwala Business Peer Comparison

Suratwwala Business Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 18 16 21 9 2 3 21 16 26 42
Other Income 0 0 0 0 0 1 0 1 0 0
Total Income 19 17 21 9 2 4 22 17 26 42
Total Expenditure 7 7 11 3 2 3 13 9 15 27
Operating Profit 11 9 10 6 1 0 9 8 11 16
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 -0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 11 9 10 6 1 0 9 7 11 15
Provision for Tax 3 2 5 1 1 0 2 2 3 4
Profit After Tax 8 7 6 4 0 0 7 5 8 11
Adjustments -0 0 -0 0 -0 0 0 0 0 0
Profit After Adjustments 8 7 6 4 0 0 7 5 8 11
Adjusted Earnings Per Share 0.5 0.4 0 0.2 0 0 0.4 0.3 0.5 0.6

Suratwwala Business Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 1 62 72 36 105
Other Income 1 0 1 2 1
Total Income 2 62 73 37 107
Total Expenditure 4 32 33 21 64
Operating Profit -3 30 40 16 44
Interest 4 3 2 0 0
Depreciation 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0
Profit Before Tax -7 27 38 15 42
Provision for Tax 4 6 10 4 11
Profit After Tax -11 21 28 11 31
Adjustments 0 0 -0 -0 0
Profit After Adjustments -11 21 28 11 31
Adjusted Earnings Per Share -0.6 1.2 0.2 0.6 1.8

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -50% 230% 0% 0%
Operating Profit CAGR -60% 0% 0% 0%
PAT CAGR -61% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -39% 7% 32% NA%
ROE Average 17% 1428% 1071% 1071%
ROCE Average 13% 50% 35% 35%

Suratwwala Business Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds -10 11 58 69
Minority's Interest 0 1 1 1
Borrowings 13 5 5 65
Other Non-Current Liabilities 1 1 0 1
Total Current Liabilities 110 102 62 50
Total Liabilities 114 120 127 185
Fixed Assets 1 1 1 21
Other Non-Current Assets 36 13 3 10
Total Current Assets 77 106 122 154
Total Assets 114 120 127 185

Suratwwala Business Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1 1 1 6
Cash Flow from Operating Activities -15 -10 0 -5
Cash Flow from Investing Activities -0 25 -2 -35
Cash Flow from Financing Activities 15 -14 6 35
Net Cash Inflow / Outflow -0 0 5 -4
Closing Cash & Cash Equivalent 1 1 6 1

Suratwwala Business Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -0.62 1.22 0.16 0.63
CEPS(Rs) -0.61 1.23 0.16 0.66
DPS(Rs) 0 0 0 0.1
Book NAV/Share(Rs) -0.58 0.64 0.33 3.96
Core EBITDA Margin(%) -457.86 48.22 54.62 39.85
EBIT Margin(%) -357.09 48.21 54.95 43.37
Pre Tax Margin(%) -872.77 44.07 52.29 42.91
PAT Margin (%) -1355.97 33.98 38.6 30.98
Cash Profit Margin (%) -1326.85 34.29 39.11 32.22
ROA(%) -9.46 18.1 22.49 7.07
ROE(%) 0 4186.13 80.58 17.44
ROCE(%) -8.59 79.54 57.39 13.05
Receivable days 368.82 4.35 19.01 56.63
Inventory Days 0 509.9 529.78 1216.98
Payable days 0 76.7 112.36 247.94
PER(x) 0 15.18 547.42 54.94
Price/Book(x) -29.76 28.93 261.04 8.69
Dividend Yield(%) 0 0 0 0.29
EV/Net Sales(x) 432.77 5.66 210.18 18.78
EV/Core EBITDA(x) -131.95 11.66 378.98 42.09
Net Sales Growth(%) 0 7747.67 15.63 -50.52
EBIT Growth(%) 0 1159.56 31.78 -60.95
PAT Growth(%) 0 296.66 31.33 -60.29
EPS Growth(%) 0 297.12 -86.98 294.15
Debt/Equity(x) -4.26 2.82 0.65 1.06
Current Ratio(x) 0.7 1.04 1.96 3.08
Quick Ratio(x) 0.05 0.03 0.27 0.45
Interest Cover(x) -0.69 11.63 20.69 96.09
Total Debt/Mcap(x) 0.14 0.1 0.02 0.12

Suratwwala Business Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 73.39 73.39 73.39 73.39 73.39 73.39 73.39 73.39 73.39 73.39
FII 0.01 0.01 0.1 0.03 0.3 0.05 0.01 0 0.01 0
DII 0 0 0 0 0 0 0 0 0 0
Public 26.6 26.6 26.5 26.58 26.3 26.56 26.6 26.61 26.6 26.61
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Suratwwala Business News

Suratwwala Business Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 1428%

Cons

  • Debtor days have increased from 112.36 to 247.94days.
  • Stock is trading at 4.9 times its book value.
whatsapp