Suratwwala Business Group Ltd (SBGLP) AI Stock Analysis

Suratwwala Business Group Ltd

(NSE:SBGLP)

Select Model

Rating:62Neutral

Price Target:INR 23.50▲(13.25% Upside)

Action:reiterated

Date:09/19/26

The overall score reflects a combination of strong topline and profit growth and an improving capital structure, tempered by consistently weak recent cash generation and reliance on debt funding, while a downtrending price pattern and high volatility weigh on near-term risk even as a reasonable valuation offers some support.

Positive Factors

Strong FY2026 Revenue ReboundThe sharp FY2026 revenue rebound indicates stronger recent business activity and improved scale after the prior-year decline. If sustained through additional project cycles, higher revenue can support operating leverage, broaden the earnings base, and strengthen the company’s competitive position.

Negative Factors

Negative Recent Cash GenerationPersistent negative operating and free cash flow means reported profitability is not currently translating into available cash. This can increase reliance on external financing for working-capital and project needs, limit financial flexibility, and make growth more vulnerable to execution delays.

Suratwwala Business Group Ltd (SBGLP) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 4.08B
Dividend Yield: 0.59%
Average Volume (3M): 11.39K
Price to Earnings (P/E): 8.6
Beta (1Y): 1.85
Revenue Growth: 294.88%
EPS Growth: 241.51%
Country: India
Employees: 61
Sector: General
Sector Strength: 55
Industry: Real Estate - Development

Suratwwala Business Group Ltd Business Overview & Revenue Model

Company Description

Suratwwala Business Group Limited engages in the construction of residential, commercial, and IT parks properties in India. The company provides maintenance services for its developed properties. It also engages in renting of immovable properties; an...

Suratwwala Business Group Ltd Financial Statement Overview

Summary

Strong revenue and profit growth plus a healthier, though still leveraged, balance sheet are offset by persistently weak and negative recent cash flows, leading to a solid but not low-risk financial profile.

Income Statement

78Positive

Balance Sheet

72Positive

Cash Flow

40Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	1.69B	1.43B	356.28M	720.12M	622.79M	7.94M
Gross Profit	653.16M	585.00M	175.18M	435.85M	383.08M	-8.87M
EBITDA	592.00M	532.34M	158.63M	391.33M	301.16M	-27.77M
Net Income	419.13M	379.01M	110.36M	277.93M	211.63M	-107.61M
Balance Sheet
Total Assets	0	2.63B	1.85B	1.27B	1.20B	1.07B
Cash, Cash Equivalents and Short-Term Investments	93.50M	93.50M	121.07M	77.58M	17.04M	8.95M
Total Debt	0	830.13M	727.25M	377.54M	315.03M	435.12M
Total Liabilities	-1.10B	1.53B	1.15B	679.89M	1.08B	664.94M
Stockholders Equity	1.10B	1.04B	687.35M	578.60M	111.21M	405.85M
Cash Flow
Free Cash Flow	34.10M	-156.07M	-310.60M	-5.68M	69.48M	56.93M
Operating Cash Flow	65.38M	-68.20M	-47.36M	2.94M	71.56M	59.09M
Investing Cash Flow	31.94M	20.74M	-346.64M	-16.39M	-7.68M	-2.16M
Financing Cash Flow	-75.91M	85.47M	349.55M	61.03M	-61.72M	153.20M

Suratwwala Business Group Ltd Technical Analysis

Technical Analysis SentimentNegative

Last Price20.75

Price Trends

50DMA22.86Negative

100DMA23.98Negative

200DMA26.20Negative

Market Momentum

MACD-0.51Negative

RSI43.62Neutral

STOCH63.78Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SBGLP, the sentiment is Negative. The current price of 20.75 is below the 20-day moving average (MA) of 21.79, below the 50-day MA of 22.86, and below the 200-day MA of 26.20, indicating a bearish trend. The MACD of -0.51 indicates Negative momentum. The RSI at 43.62 is Neutral, neither overbought nor oversold. The STOCH value of 63.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SBGLP.

Suratwwala Business Group Ltd Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:SBGLP against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:NILASPACES	66Neutral	INR 4.05B	12.97	―	―	19.93%	59.69%
IN:SBGLP	62Neutral	INR 3.52B	8.60	―	0.59%	294.88%	241.51%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:PANSARI	54Neutral	INR 4.55B	23.08	―	―	―	―
IN:PARSVNATH	54Neutral	INR 1.31B	-0.36	―	―	-5.41%	22.14%
IN:PENINLAND	42Neutral	INR 4.38B	-2.78	―	―	-46.10%	-292.11%
IN:EMAMIREAL	41Neutral	INR 3.46B	-1.93	―	―	11.98%	15.57%

* General Sector Average

Performance Comparison

IN:SBGLP and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:SBGLP	Suratwwala Business Group Ltd	20.32	-13.03	-39.06%
IN:EMAMIREAL	Emami Realty Limited	66.55	-28.85	-30.24%
IN:NILASPACES	Nila Spaces Ltd.	10.28	-6.91	-40.20%
IN:PANSARI	Pansari Developers Ltd.	261.00	-2.90	-1.10%
IN:PARSVNATH	Parsvnath Developers Limited	3.00	-13.97	-82.32%
IN:PENINLAND	Peninsula Land Limited	13.20	-21.33	-61.77%

Suratwwala Business Group Ltd Corporate Events

Suratwwala Business Group Publishes Q1 FY2026 Unaudited Results in Line with SEBI Norms

Aug 17, 2026

Suratwwala Business Group Ltd has announced that its board of directors approved the unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026, at a meeting held on August 13, 2026. The company has published th...

Suratwwala Business Group outlines growth phase in real estate and renewables at investor meet

Jun 19, 2026

Suratwwala Business Group Ltd informed the stock exchanges that its management participated in an investor and analyst meeting under the Samruddhi Season 3 – Nav-Bharat ka Caravan series, organized by Hem Securities via virtual mode on June 19,...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 19, 2026

Suratwwala Business Group Ltd AI Stock Analysis