Suraj Estate Developers Limited

BSE: SURAJEST544054ISIN INE843S01025

Consumer Discretionary
Residential, Commercial Projects
BSE Consumer Discretionary

Share price

₹188.75-2.25 (-1.18%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹297.20
52W low: ₹166.20
Off 52W high: -36.49%
1M return: -9.23%
3M return: -7.90%
6M return: -19.85%
1Y return: -34.94%
20D avg volume: 4,431
50 DMA: ₹192.64
200 DMA: ₹207.06

Key ratios Consolidated

Market cap: ₹901.72 Cr
Current price: ₹188.75
52W high / low: ₹297.20 / ₹166.20
Face value: ₹5.00
P/E: 11.02
P/B: —
EPS (TTM): ₹17.13
Book value / share: —
ROE: —
ROCE: 14.20%
Operating margin: —
Net margin: —
Debt / equity: 0.65
Net debt: ₹601.88 Cr
Interest cover: 2.36
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 672.6 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	170.04	144.71	98.78	180.05	144.56	132.47	136.48	169.85	109.09	132.47	100.36	105.98
	1.04	1.52	2.19	1.43	0.86	0.67	0.68	1.98	0.55	0.67	2.68	0.16
	171.08	146.23	100.97	181.48	145.42	133.14	137.16	171.82	109.64	133.14	103.04	106.15
	140.13	114.92	81.95	147.33	101.33	104.66	111.16	145.81	65.92	104.66	73.51	84.06
	77.30	92.86	77.09	107.27	69.55	73.74	107.25	216.72	33.50	73.74	79.00	71.09
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	0.00	—	—
	6.45	6.01	7.48	5.95	5.78	5.80	7.75	5.73	5.99	5.80	4.53	3.34
	24.39	22.39	31.79	19.57	20.47	20.65	4.00	20.48	19.08	20.65	24.98	47.05
	1.10	1.10	1.21	1.29	1.04	1.12	0.78	1.29	1.20	1.12	1.65	0.61
	10.88	2.59	5.03	8.62	8.04	4.98	5.23	7.68	7.30	4.98	—	1.69
	30.96	31.31	19.02	34.15	44.09	28.48	26.01	26.02	43.72	28.48	29.52	22.09
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	30.96	31.31	19.02	34.15	44.09	28.48	26.01	26.02	43.72	28.48	29.52	22.09
	7.89	8.46	8.26	8.98	11.00	7.20	7.72	6.03	11.88	7.20	10.06	5.52
	23.07	22.85	10.76	25.17	33.09	21.28	18.28	19.98	31.83	21.28	19.46	16.57
	4.98	4.94	2.32	5.44	7.15	4.60	3.61	4.23	7.43	4.60	4.39	5.03
Key metrics
	56.45	54.80	52.02	55.01	65.60	50.25	30.79	47.79	64.00	50.25	56.15	69.75
	33.20%	37.90%	52.70%	30.60%	45.40%	37.90%	22.60%	28.10%	58.70%	37.90%	55.90%	65.80%
	13.60%	15.80%	10.90%	14.00%	22.90%	16.10%	13.40%	11.80%	29.20%	16.10%	19.40%	15.60%
	3.20%	—	3.30%	—	4.50%	—	2.40%	—	—	—	—	—
	17.60%	9.20%	-27.60%	6.00%	32.50%	0.00%	36.00%	60.30%	—	—	—	—
	-30.30%	7.40%	-41.10%	26.00%	4.00%	0.00%	-6.10%	20.60%	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	593.58	555.86	549.09	412.21
	6.18	5.15	4.08	3.49
	599.76	561.01	553.17	415.70
	484.33	435.27	417.11	321.83
	354.52	327.66	461.45	221.95
	0.00	0.00	0.00	—
	25.89	25.01	24.26	14.49
	98.14	92.48	65.70	138.90
	4.70	4.67	4.96	3.66
	27.12	26.67	25.64	—
	115.44	125.74	136.06	93.87
	0.00	0.00	0.00	0.00
	115.44	125.74	136.06	93.87
	33.59	35.44	35.91	26.38
	81.85	90.31	100.15	67.49
	17.68	19.51	21.80	19.39
Key metrics
	218.28	222.89	206.72	236.43
	36.77%	40.10%	37.60%	57.40%
	13.79%	16.20%	18.20%	16.40%
	—	14.20%	16.00%	—
	1.75%	1.20%	33.20%	—
	-11.64%	-9.80%	48.40%	—
	—	-57.02	-327.08	—
	—	-0.59	-3.26	—
	—	0.65	0.51	—
	—	601.88	442.26	—
	—	672.6	610.1	—
Balance sheet
	—	1,961	1,747	—
	—	1,875	1,697	—
	—	40.08	14.04	—
	—	116.96	56.54	—
	—	945.28	904.06	—
	—	692.45	669.05	—
	—	53.95	22.24	—
	—	37.85	42.86	—
	—	421.14	487.87	—
	—	641.96	456.30	—
	—	109.98	113.30	—
	—	531.98	343.00	—
	—	993.06	902.73	—
Cash flow
	—	-53.55	-326.43	—
	—	-15.12	78.61	—
	—	94.43	237.78	—
	—	3.47	0.65	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	69.03	86.38	49.10	87.04	141.08	126.88	130.16	142.26	104.34	130.03	87.05	99.66
	16.36	16.46	16.34	15.50	14.99	14.14	15.39	13.29	9.54	14.14	15.26	0.16
	85.39	102.84	65.44	102.53	156.08	141.02	145.55	155.55	113.88	141.02	102.31	99.82
	59.57	74.36	50.23	90.89	107.88	109.25	131.51	126.56	69.45	109.25	83.07	77.91
	44.82	76.40	51.82	61.09	40.96	62.40	95.90	95.11	28.76	62.40	73.66	67.44
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	0.00	—	—
	3.20	2.94	3.47	3.54	4.54	4.58	5.61	4.33	4.25	4.58	2.41	1.92
	19.93	16.63	26.75	14.11	15.29	15.93	5.38	16.77	17.37	15.93	13.02	18.08
	1.10	1.09	1.15	1.04	1.04	1.04	1.18	1.29	1.20	1.04	1.00	0.24
	9.31	0.79	2.17	7.33	7.41	4.75	5.68	7.43	6.52	4.75	11.23	1.04
	25.82	28.48	15.21	11.65	48.20	31.77	14.04	28.98	44.43	43.42	19.24	21.91
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	0.00	—	—
	25.82	28.48	15.21	11.65	48.20	31.77	14.04	28.98	44.43	43.42	19.24	21.91
	6.74	7.57	6.93	2.93	12.09	8.00	4.47	6.86	12.09	10.95	6.94	5.40
	19.07	20.91	8.29	8.72	36.10	23.77	9.57	22.13	32.34	32.47	12.31	16.51
	3.99	4.38	1.73	1.82	8.52	4.98	1.89	4.69	7.29	4.98	2.70	4.79
Key metrics
	46.85	46.20	43.11	26.80	64.53	48.74	20.60	47.04	63.00	60.39	33.26	40.23
	67.90%	53.50%	87.80%	30.80%	45.70%	38.40%	15.80%	33.10%	60.40%	46.40%	38.20%	40.40%
	27.60%	24.20%	16.90%	10.00%	25.60%	18.70%	7.40%	15.60%	31.00%	25.00%	14.10%	16.60%
	3.20%	—	3.00%	—	4.70%	—	1.60%	—	—	—	—	—
	-51.10%	-31.90%	-62.30%	-38.80%	35.20%	-2.40%	49.50%	42.70%	—	—	—	—
	-47.20%	-12.00%	-13.40%	-60.60%	11.60%	-26.80%	-22.30%	34.00%	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	291.55	404.10	506.79	370.80
	64.66	60.97	46.44	16.06
	356.20	465.07	553.22	386.85
	275.05	358.24	422.35	288.29
	234.13	216.27	303.05	191.44
	0.00	0.00	0.00	—
	13.15	16.12	17.39	7.91
	77.42	72.07	54.36	73.24
	4.38	4.27	4.63	2.28
	19.60	21.66	24.17	26.79
	81.16	106.83	130.87	98.56
	0.00	0.00	0.00	—
	81.16	106.83	130.87	98.56
	24.17	29.95	34.37	27.18
	56.99	76.88	96.50	71.38
	11.92	16.09	20.01	20.29
Key metrics
	162.96	183.17	189.86	174.08
	55.89%	45.30%	37.50%	46.90%
	19.55%	19.00%	19.00%	19.30%
	—	13.00%	15.60%	—
	-46.05%	-20.30%	36.70%	—
	-37.76%	-20.30%	35.20%	—
	—	-25.83	-277.51	—
	—	-0.30	-2.85	—
	—	0.47	0.40	—
	—	454.54	353.42	—
	—	431.7	317.9	—
Balance sheet
	—	1,724	1,620	—
	—	1,109	1,102	—
	—	8.07	11.13	—
	—	104.20	47.71	—
	—	404.45	432.28	—
	—	518.56	560.64	—
	—	21.95	22.24	—
	—	30.68	38.60	—
	—	345.89	429.65	—
	—	462.61	364.55	—
	—	84.35	95.19	—
	—	378.26	269.36	—
	—	983.72	906.74	—
Cash flow
	—	-23.17	-274.68	—
	—	-8.29	38.26	—
	—	28.34	242.99	—
	—	2.66	2.83	—

Compounded growth

Standalone

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): -46.05%
Profit YoY (TTM): -37.76%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +1.75%
Profit YoY (TTM): -11.64%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 69.81%

Quarter	September 2026	June 2026	March 2026
Promoter %	69.81%	69.81%	69.81%

Holder	Type	Holding	Previous	Change
Rajan Thomas	Promoter	57.11%	57.11%	0.00%
Sujatha Thomas	Promoter Group	8.12%	8.12%	0.00%
Accord Estates Private Limited	Promoter Group	3.14%	3.14%	0.00%
First Water Fund	Public	1.44%	1.24%	+0.20%
Devidas Nivrattirao Kanje	Public	1.30%	—	—
Rahul Jesu Thomas	Promoter Group	0.92%	0.92%	0.00%
Margarette Shwetha Thomas	Promoter Group	0.36%	0.36%	0.00%
Elizabeth Lavanya Thomas	Promoter Group	0.16%	0.16%	0.00%
Sonali Menon	Promoter Group	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
DLF LIMITED	1,78,037	719.25	38.98	6.40%	-29.29% TTM	+6.62% TTM	-7.08%
Lodha Developers Limited	1,11,937	1,120.00	25.72	18.00%	+20.85% TTM	+30.60% TTM	-8.38%
The Phoenix Mills Ltd.	74,091	2,071.45	44.28	11.80%	+12.86% TTM	+19.04% TTM	+17.13%
Prestige Estates Projects Limited	67,971	1,578.05	53.72	13.00%	+67.46% TTM	+103.62% TTM	-9.58%
OBEROI REALTY LIMITED	61,938	1,703.45	23.54	16.70%	+16.64% TTM	+17.82% TTM	-4.40%
Godrej Properties Limited	52,394	1,739.35	39.27	12.00%	+49.99% TTM	-13.26% TTM	-24.13%
Brigade Enterprises Limited	17,657	541.20	21.22	9.90%	-4.37% TTM	+2.36% TTM	-29.23%
Anant Raj Limited	16,572	460.50	27.68	10.40%	+12.31% TTM	+21.36% TTM	-28.62%
Horizon Industrial Parks Limited	12,843	44.55	—	—	—	—	—
Sobha Limited	12,687	1,186.45	66.41	7.60%	+9.57% TTM	+28.50% TTM	-26.67%
ADITYA BIRLA REAL ESTATE LIMITED	11,861	1,061.90	16.98	-4.80%	-26.16% TTM	+413.97% TTM	-42.89%
Sri Lotus Developers and Realty Limited	11,331	231.85	37.10	16.70%	—	—	+30.55%
SIGNATUREGLOBAL (INDIA) LIMITED	9,954	707.50	9.54	36.30%	-22.98% TTM	+709.93% TTM	-34.25%
Max Estates Limited	8,424	515.00	695.54	1.20%	+16.57% TTM	-69.99% TTM	+7.89%
EMBASSY DEVELOPMENTS LIMITED	7,222	51.93	-6.80	-2.20%	-54.57% TTM	-514.70% TTM	-43.97%
Mahindra Lifespace Developers Ltd.	6,723	315.00	22.34	-0.90%	+839.32% TTM	+85.98% TTM	-22.90%
GANESH HOUSING LIMITED	5,278	632.95	23.57	17.80%	-29.50% TTM	-57.50% TTM	-24.55%
Kalpataru Limited	4,947	240.25	182.43	2.40%	—	—	-36.32%
Puravankara Limited	4,775	201.35	17.22	35.70%	+119.51% TTM	+194.89% TTM	-24.56%
VALOR ESTATE LIMITED	4,664	85.98	389.58	4.40%	-54.40% TTM	+113.15% TTM	-41.85%
Keystone Realtors Limited	4,546	359.90	34.71	5.30%	—	—	-35.90%
MAN INFRACONSTRUCTION LIMITED	4,331	107.30	19.63	11.80%	-9.75% TTM	-26.33% TTM	-25.90%
Sunteck Realty Ltd	4,306	293.25	19.69	6.70%	+47.87% TTM	+24.77% TTM	-36.07%
Kolte-Patil Developers Ltd	4,167	469.90	29.28	-0.80%	+37.11% TTM	+120.28% TTM	+8.63%
KESAR INDIA LIMITED	3,920	1,205.00	—	16.60%	—	—	+41.76%
Suraj Estate Developers Limited	902	188.75	11.02	14.20%	+1.75% TTM	-11.64% TTM	-34.94%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

Copies of Newspaper Publication of Financial Results For the Quarter and Half year ended September 30, 2026 .3 Nov 2026 · Company Update / Newspaper Publication
Copies of Newspaper Publication of Postal Ballot Notice .3 Nov 2026 · Company Update / Newspaper Publication
Intimation of Notice of Postal Ballot2 Nov 2026 · AGM/EGM / Postal Ballot
Monitoring Agency report for the quarter ended September 30, 20262 Nov 2026 · Company Update / Monitoring Agency Report
Link for Audio recording of Analyst/Investors conference call held on November 02, 20262 Nov 2026 · Company Update / Analyst / Investor Meet
Investor Presentation on the unaudited financial results for the quarter and half year ended September 30, 20262 Nov 2026 · Company Update / Investor Presentation
Press Release on the unaudited financial results for the quarter and half year ended September 30, 20262 Nov 2026 · Company Update / Press Release / Media Release
Re-appointment of Mr. Satyendra Shridhar Nayak as Independent Director for a period of 5 years subject to approval of shareholders on the basis of recommendation of NRC Committee31 Oct 2026 · Company Update / Change in Management
Financial results (standalone and consolidated) for the quarter and half year ended September 30, 202631 Oct 2026 · Result / Financial Results
Unaudited Financial results (Standalone and Consolidated) for the quarter and half year ended September 30, 202631 Oct 2026 · Board Meeting / Outcome of Board Meeting
Revised Intimation of Analyst/Investor meet30 Oct 2026 · Company Update / Analyst / Investor Meet
Intimation of Analyst/Investor Meet28 Oct 2026 · Company Update / Analyst / Investor Meet
Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the Quarter ended September 30, 202627 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Suraj Estate Developers Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 31/10/2026 ,inter alia, to consider and approve Unaudited Standalone ....23 Oct 2026 · Board Meeting / Board Meeting
Voting Results Under Regulation 44(3) Of SEBI (LODR) Regulations, 2015 In Respect Of AGM Held On September 30, 202630 Sep 2026 · AGM/EGM / AGM
Scrutinizer''s Report on remote e-voting of Annual General Meeting of the members of Suraj Estate Developers Limited held on September 30, 202630 Sep 2026 · AGM/EGM / AGM
Pursuant to Regulation 30 read with clause 13 of Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 we are enclosing proceedings ....30 Sep 2026 · AGM/EGM / AGM
Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Completion of acquisition of development rights in respect of land at Mahim ....25 Sep 2026 · Company Update / General
Closure of Trading Window25 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Clarification on Price Movement24 Sep 2026 · Company Update / General
The Exchange has sought clarification from Suraj Estate Developers Ltd on September 23, 2026 with reference to significant movement in price, in order to ensure that investors have latest ....23 Sep 2026 · Company Update / Clarification
Intimation of Analyst/Investor meet22 Sep 2026 · Company Update / Analyst / Investor Meet
Intimation Under Regulation 30 And 36(1)(b) Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations").11 Sep 2026 · Company Update / General
Newspaper publication of Notice of 40th AGM8 Sep 2026 · Company Update / Newspaper Publication
Notice Of 40TH Annual General Meeting To Be Held On 30TH September, 2026 At 12:30 PM (IST) Through VC/OAVM5 Sep 2026 · AGM/EGM / AGM
Annual Report for FY 2025-265 Sep 2026 · Others / Reg. 34 (1) Annual Report
Transcript of Analyst/Investors conference call held on August 17, 202624 Aug 2026 · Company Update / Earnings Call Transcript
Outcome of Analyst/Investor call held on August 17, 2026-Audio recording of earning''s call held on August 17, 202617 Aug 2026 · Company Update / Analyst / Investor Meet
Investor Presentation on Unaudited Financial Results for the Quarter ended June 30, 202617 Aug 2026 · Company Update / Investor Presentation
Press Release on Unaudited Financial Results for the quarter ended June 30, 202616 Aug 2026 · Company Update / Press Release / Media Release
Statement of Deviation/Variation for the quarter ended June 30, 202614 Aug 2026 · Company Update / Reg. 32 (1), (3) - Statement of Deviation & Variation
Enabling Resolution for raising fund by way of issuance of Equity shares or any other equity-linked or convertible securities or warrants, up to ? 500 Crores in one or more tranches, through ....14 Aug 2026 · Company Update / Issue of Securities
Outcome of Board Meeting for approval of: 1. the Board, based on the recommendation of the Nomination and Remuneration Committee and Audit Committee, approved the re-appointment of Mr. ....14 Aug 2026 · Company Update / Change in Management
Monitoring Agency Report for the quarter ended June 30, 2026 as received from Care Ratings Limited14 Aug 2026 · Company Update / Monitoring Agency Report
Financials Results (Standalone and Consolidated) for the quarter ended June 30, 202614 Aug 2026 · Result / Financial Results
Outcome of Board Meeting for Unaudited Financial Results for the quarter ended June 30, 2026 and other matters attached herewith14 Aug 2026 · Board Meeting / Outcome of Board Meeting
Intimation of Earnings Call12 Aug 2026 · Company Update / Analyst / Investor Meet
Outcome of Management Committee Meeting for Issuance of NCDs10 Aug 2026 · Company Update / Issue of Securities
Outcome of Management Committee Meeting for Issuance of NCDs10 Aug 2026 · Board Meeting / Outcome of Board Meeting
Suraj Estate Developers Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/08/2026 ,inter alia, to consider and approve 1. the Unaudited Standalone ....7 Aug 2026 · Board Meeting / Board Meeting

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 1.0000	20 Sep 2024	20 Sep 2024	—

Board meetings

31 Oct 2026 Board Meeting - Financial Results
14 Aug 2026 Board Meeting - Financial Results