Suraj Estate Developers Limited (SURAJEST) AI Stock Analysis

• Market Cap: ₹14.05B
• Dividend Yield: 0.35%
• Average Volume (3M): 39.01K
• Price to Earnings (P/E): 14.7
• Beta (1Y): 2.37
• Revenue Growth: 64.92%
• EPS Growth: 7.40%
• Country: IN
• Employees: 68
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): 7.15
• Shares Outstanding: 47,773,388
• 10 Day Avg. Volume: 101,808
• 30 Day Avg. Volume: 39,014
• PEG Ratio: 1.22
• Price to Book (P/B): 1.68
• Price to Sales (P/S): 2.76
• P/FCF Ratio: -3.77
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 68 Neutral
• Price Target: ₹351.00 ▲(30.60% Upside)

Suraj Estate Developers Limited demonstrates strong financial performance with robust revenue growth and profitability. However, technical indicators suggest bearish momentum, and cash flow volatility poses a risk to liquidity. The valuation is fair, but the low dividend yield limits income potential.

Suraj Estate Developers Limited Business Overview & Revenue Model

Company Description

Suraj Estate Developers Limited (SURAJEST) is a prominent real estate development company focused on residential and commercial properties. Operating primarily in urban markets, SURAJEST specializes in the planning, construction, and management of high-quality real estate projects, including apartments, office spaces, and mixed-use developments. The company is committed to delivering innovative designs and sustainable living environments that cater to the evolving needs of its clientele.

How the Company Makes Money

SURAJEST generates revenue through various streams including the sale of residential units in its developed properties, leasing of commercial spaces, and project management services for third-party developments. The company also engages in joint ventures with landowners and other developers, allowing it to share risks and rewards while expanding its project portfolio. Additionally, SURAJEST benefits from strategic partnerships with financial institutions that facilitate funding for its projects, further enhancing its profitability and market reach.

Suraj Estate Developers Limited Financial Statement Overview

Summary

Suraj Estate Developers Limited shows strong revenue growth and profitability with a solid balance sheet. However, cash flow volatility is a concern, impacting liquidity and operational stability.

Income Statement

Suraj Estate Developers Limited has demonstrated robust revenue growth over the past years, with a significant increase in total revenue from 2020 to 2025. The gross profit margin has remained strong, indicating effective cost management. The company has also shown a steady increase in net profit margin, reflecting improved profitability. However, the decline in gross profit in the latest year is a concern.

Balance Sheet

The company's debt-to-equity ratio has been relatively high, which poses a risk, but it has shown improvement with increasing stockholders' equity. The equity ratio has improved significantly, indicating a stronger balance sheet position. Return on equity has increased, showcasing better utilization of equity. Despite the high leverage, the company is moving towards a more stable capital structure.

Cash Flow

The operating cash flow has been volatile, showing a substantial negative figure in the most recent year, which is a concern for liquidity. The free cash flow has also been inconsistent, with a significant decline recently. However, the company has managed to maintain positive financing cash flow, supporting its operations and growth.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	5.48B	5.49B	4.12B	3.06B	2.73B	2.40B
Gross Profit	2.31B	2.23B	2.76B	1.71B	1.48B	981.03M
EBITDA	1.93B	2.07B	2.32B	1.52B	1.31B	895.79M
Net Income	913.90M	1.00B	674.99M	321.60M	263.75M	61.63M
Balance Sheet
Total Assets	0.00	17.47B	12.90B	9.43B	8.64B	7.92B
Cash, Cash Equivalents and Short-Term Investments	420.59M	420.59M	64.16M	121.05M	76.86M	208.53M
Total Debt	0.00	4.61B	4.30B	5.93B	6.40B	6.03B
Total Liabilities	-9.03B	8.44B	7.74B	8.71B	8.25B	7.63B
Stockholders Equity	9.03B	9.03B	5.16B	713.92M	391.63M	291.47M
Cash Flow
Free Cash Flow	0.00	-4.02B	-163.34M	1.89B	684.73M	-173.54M
Operating Cash Flow	0.00	-4.01B	90.12M	1.90B	697.57M	-149.31M
Investing Cash Flow	0.00	767.38M	-897.42M	-271.22M	-210.63M	-122.69M
Financing Cash Flow	0.00	3.15B	702.08M	-1.57B	-446.80M	269.57M

Suraj Estate Developers Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 268.75
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SURAJEST, the sentiment is Positive. The current price of 268.75 is below the 20-day moving average (MA) of 280.48, below the 50-day MA of 290.21, and below the 200-day MA of 327.86, indicating a neutral trend. The MACD of 1.43 indicates Negative momentum. The RSI at 57.96 is Neutral, neither overbought nor oversold. The STOCH value of 48.98 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:SURAJEST.

Suraj Estate Developers Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SUNTECK	―	₹64.80B	36.96	―	0.34%	-14.25%	17.95%
SURAJEST	―	₹14.05B	14.65	―	0.35%	64.92%	7.40%
AJMERA	―	₹42.17B	30.64	―	0.42%	3.23%	11.80%
Sector *	―	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
ARVSMART	―	₹28.80B	24.08	―	0.96%	112.32%	224.27%
KOLTEPATIL	―	₹39.24B	40.26	―	0.90%	27.86%	―
ASHIANA	―	₹28.76B	79.01	―	0.89%	-25.67%	-45.34%

Suraj Estate Developers Limited Corporate Events

Suraj Estate Developers Expands Capital and Plans Fundraising

Suraj Estate Developers Limited announced an increase in its authorized capital from Rs. 30 crores to Rs. 34 crores, alongside plans to raise up to Rs. 500 crores through various equity-linked securities. These proposals, aimed at enhancing the company’s financial capabilities, will be presented for shareholder approval at the rescheduled Annual General Meeting on September 30, 2025.

Suraj Estate Developers Expands Lower Parel Project with Strategic Land Acquisition

Suraj Estate Developers Limited has announced the acquisition of a 644 sq. meter land parcel in Lower Parel, Mumbai, for ₹6.44 crores, which will be integrated into their upcoming Ambavat Bhavan project. This acquisition enhances the project’s total GDV to approximately ₹130 crores, allowing for the development of premium 1 and 2 BHK residential apartments in the value-luxury segment. The project is strategically located, offering excellent connectivity and access to healthcare, retail, and commercial hubs, strengthening Suraj Estate Developers’ position in South-Central Mumbai’s real estate market.