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Suraj Estate Developers Limited
(SURAJEST)
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Rating:59Neutral
Price Target:
₹186.00
▼(-5.10% Downside)
Action:Reiterated
Date:09/06/26
The score is held back primarily by weak cash flow (two straight years of negative operating/free cash flow) and a bearish technical setup with price below key moving averages and negative MACD. Offsetting factors are strong reported profitability and revenue growth plus an attractive low P/E, but rising debt alongside weak cash generation increases risk.
Positive Factors
Strong revenue expansion
Sustained revenue expansion indicates the developer is scaling its project portfolio and converting development activity into reported sales. Continued top-line growth can strengthen operating leverage, support reinvestment in new projects, and improve the company’s competitive position over the next several quarters.
Negative Factors
Two years of negative cash generation
Persistent negative operating and free cash flow means reported earnings are not currently converting reliably into liquidity. For a developer, this can increase reliance on funding and make project execution more sensitive to working-capital timing, collections, and construction-related cash demands.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue expansion
Sustained revenue expansion indicates the developer is scaling its project portfolio and converting development activity into reported sales. Continued top-line growth can strengthen operating leverage, support reinvestment in new projects, and improve the company’s competitive position over the next several quarters.
Read all positive factors
Suraj Estate Developers Limited (SURAJEST) vs. iShares MSCI India ETF (INDA)
Market Cap
₹8.52B
Dividend Yield0.13%
Average Volume (3M)4.86K
Price to Earnings (P/E)8.8
Beta (1Y)2.10
Revenue Growth3.69%
EPS Growth-1.21%
CountryIN
Employees68
SectorGeneral
Sector StrengthN/A
IndustryReal Estate - Development
Share Statistics
EPS (TTM)19.51
Shares Outstanding47,773,388
10 Day Avg. Volume8,016
30 Day Avg. Volume4,859
Financial Highlights & Ratios
PEG Ratio-6.13
Price to Book (P/B)0.82
Price to Sales (P/S)1.46
P/FCF Ratio-5.70
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)19
Revenue Forecast (FY)₹7.13B
Suraj Estate Developers Limited Business Overview & Revenue Model
Company Description
Suraj Estate Developers Limited, an enterprise founded in 1986 and headquartered in Mumbai, India, specializes in real estate development. The company's primary operational focus is within the South Central Mumbai region, where it undertakes the c...
How the Company Makes Money
Suraj Estate Developers Limited makes money primarily by developing and selling real estate units. Its core revenue stream is consideration received from customers for the sale of residential and/or commercial units in its projects (including unit...
Suraj Estate Developers Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
64
Positive
Cash Flow
34
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.56B | 5.49B | 4.12B | 3.06B | 2.73B |
| Gross Profit | 2.40B | 2.23B | 2.76B | 1.71B | 1.48B |
| EBITDA | 2.18B | 2.07B | 2.32B | 1.52B | 1.29B |
| Net Income | 902.81M | 1.00B | 674.99M | 321.60M | 263.75M |
Balance Sheet | |||||
| Total Assets | 19.61B | 17.47B | 12.90B | 9.43B | 8.64B |
| Cash, Cash Equivalents and Short-Term Investments | 539.04M | 420.59M | 64.16M | 121.05M | 76.86M |
| Total Debt | 6.45B | 4.61B | 4.30B | 5.93B | 6.40B |
| Total Liabilities | 9.68B | 8.44B | 7.74B | 8.71B | 8.25B |
| Stockholders Equity | 9.93B | 9.03B | 5.16B | 713.92M | 391.63M |
Cash Flow | |||||
| Free Cash Flow | -1.42B | -4.02B | -163.34M | 1.89B | 684.73M |
| Operating Cash Flow | -1.39B | -4.01B | 90.12M | 1.90B | 697.57M |
| Investing Cash Flow | -191.55M | 767.38M | -897.42M | -271.22M | -210.63M |
| Financing Cash Flow | 1.84B | 3.15B | 702.08M | -1.57B | -446.80M |
Suraj Estate Developers Limited Technical Analysis
Negative
196.00
Price Trends
197.65
Negative
205.30
Negative
219.00
Negative
Market Momentum
-7.08
Positive
33.82
Neutral
19.08
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SURAJEST, the sentiment is Negative. The current price of 196 is above the 20-day moving average (MA) of 192.33, below the 50-day MA of 197.65, and below the 200-day MA of 219.00, indicating a bearish trend. The MACD of -7.08 indicates Positive momentum. The RSI at 33.82 is Neutral, neither overbought nor oversold. The STOCH value of 19.08 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SURAJEST.
Suraj Estate Developers Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹7.82B | 16.47 | ― | 0.55% | -6.32% | 17.82% | |
59 Neutral | ₹8.52B | 8.80 | ― | 0.13% | 3.69% | -1.21% | |
57 Neutral | ₹12.42B | 13.43 | ― | ― | 33.44% | 13.34% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | ₹9.37B | 32.56 | ― | 0.11% | 4.66% | -42.65% | |
48 Neutral | ₹22.36B | -4.44 | ― | 0.36% | -4.46% | 29.56% | |
46 Neutral | ₹5.15B | -3.31 | ― | 0.98% | -46.10% | -292.11% |
* General Sector Average
IN:SURAJEST
Suraj Estate Developers Limited
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-114.80
-39.63%
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Suraj Estate Developers Limited Corporate Events
Suraj Estate Developers Begins FY27 Strong with Robust Sales and Strategic Mumbai Land Buy
Aug 16, 2026
Suraj Estate Developers Limited reported a strong start to FY27, with unaudited Q1FY27 sales value rising 74% year-on-year to Rs 141 crore and sales area increasing 74% to 28,834 sq ft, although collections declined 25% to Rs 86 crore. Consolidate...
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.