SURATWWALA BUSINESS GROUP LIMITED

BSE: SBGLP543218ISIN INE05ST01028

Consumer Discretionary
Residential, Commercial Projects

Share price

₹22.49-0.35 (-1.53%)

as of 4 Nov 2026

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

52W high: ₹42.50
52W low: ₹18.41
Off 52W high: -47.08%
1M return: -1.40%
3M return: -14.42%
6M return: -17.10%
1Y return: -32.93%
20D avg volume: 2,837
50 DMA: ₹22.74
200 DMA: ₹26.21

Key ratios Consolidated

Market cap: ₹390.01 Cr
Current price: ₹22.49
52W high / low: ₹42.50 / ₹18.41
Face value: ₹1.00
P/E: 9.31
P/B: 3.53
EPS (TTM): ₹2.42
Book value / share: ₹6.37
ROE: —
ROCE: 27.80%
Operating margin: —
Net margin: —
Debt / equity: 0.75
Net debt: ₹78.13 Cr
Interest cover: 76.28
Dividend yield: 0.53%
Dividend / share (TTM): ₹0.12
Payout: 4.96%
Cash conversion cycle: 421.0 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	42.12	58.97	42.09	25.98	15.95	21.47	3.18	2.24	8.74	21.08	16.35	18.34
	0.57	0.41	0.15	0.30	0.59	0.44	0.68	0.22	0.35	0.04	0.18	0.37
	42.70	58.56	42.23	26.28	16.55	21.91	3.86	2.46	9.09	21.12	16.53	18.71
	30.04	40.60	27.13	15.33	9.37	13.11	3.63	1.71	3.59	10.82	7.52	7.78
	25.86	36.02	24.17	13.06	6.91	10.92	2.51	0.78	2.09	10.09	5.45	5.76
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	0.65	0.84	0.70	0.59	0.52	0.33	0.39	0.38	0.28	0.08	0.43	0.28
	0.69	0.27	0.11	0.01	0.03	0.01	0.06	0.03	0.03	0.29	0.10	0.32
	0.65	0.48	0.43	0.40	0.38	0.13	0.12	0.11	0.09	0.12	0.18	0.24
	2.18	2.98	1.73	1.27	1.54	1.72	0.56	0.42	1.10	0.48	1.36	1.17
	12.66	17.97	15.10	10.95	7.17	8.80	0.23	0.75	5.51	10.30	9.01	10.94
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	12.66	17.97	15.10	10.95	7.17	8.80	0.23	0.75	5.51	10.30	9.01	10.94
	3.32	4.69	3.97	2.79	1.84	2.26	0.05	0.53	1.41	4.71	2.47	2.75
	9.34	13.28	11.13	8.16	5.33	6.53	0.19	0.22	4.09	5.59	6.54	8.19
	0.53	0.76	0.62	0.46	0.31	0.38	0.01	0.01	0.24	—	3.77	4.72
Key metrics
	14.00	18.72	15.64	11.36	7.58	8.94	0.41	0.89	5.63	10.71	9.29	11.50
	33.20%	31.70%	37.20%	43.70%	47.50%	41.60%	12.90%	39.70%	64.40%	50.80%	56.80%	62.70%
	22.20%	22.50%	26.40%	31.40%	33.40%	30.40%	6.00%	9.80%	46.80%	26.50%	40.00%	44.70%
	—	9.80%	—	7.50%	—	6.50%	—	—	—	—	—	—
	164.10%	174.70%	1,223.60%	1,059.80%	82.50%	1.90%	-80.60%	-87.80%	—	—	—	—
	75.20%	103.40%	5,757.90%	3,609.10%	30.30%	16.80%	-97.10%	-97.30%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	169.16	142.99	35.63	72.01	62.28	36.18
	1.43	0.63	1.69	0.60	0.18	1.38
	169.77	143.62	37.32	72.61	62.46	37.57
	113.10	92.43	22.03	34.96	35.02	19.29
	99.11	80.16	16.30	28.37	23.94	10.56
	0.00	0.00	0.00	—	—	—
	2.78	2.65	1.36	1.04	2.12	1.40
	1.08	0.68	0.13	1.13	2.09	3.88
	1.96	1.68	0.44	0.37	0.19	0.14
	8.16	7.26	3.79	4.04	6.67	3.31
	56.68	51.19	15.29	37.66	27.45	18.28
	0.00	0.00	0.00	0.00	0.00	0.00
	56.68	51.19	15.29	37.66	27.45	18.28
	14.77	13.29	4.25	9.86	6.28	4.12
	41.91	37.90	11.04	27.79	21.16	14.15
	2.37	2.15	0.64	—	12.22	—
Key metrics
	59.72	53.55	15.86	39.16	29.73	22.30
	35.30%	37.50%	44.50%	54.40%	47.70%	61.60%
	24.78%	26.50%	31.00%	38.60%	34.00%	39.10%
	—	27.80%	11.40%	—	—	—
	294.86%	301.30%	-50.50%	15.60%	72.10%	—
	241.56%	243.30%	-60.30%	31.30%	49.50%	—
	—	-14.68	-31.05	—	—	—
	—	-0.16	-0.43	—	—	—
	—	0.75	1.04	—	—	—
	—	78.13	71.54	—	—	—
	—	421.0	1,261.4	—	—	—
Balance sheet
	—	262.99	185.27	—	—	—
	—	217.47	153.92	—	—	—
	—	4.87	1.07	—	—	—
	—	37.07	4.24	—	—	—
	—	163.85	131.65	—	—	—
	—	7.07	5.71	—	—	—
	—	33.19	21.39	—	—	—
	—	35.95	12.75	—	—	—
	—	76.48	49.94	—	—	—
	—	83.00	72.61	—	—	—
	—	7.96	8.04	—	—	—
	—	75.04	64.57	—	—	—
	—	110.41	70.14	—	—	—
Cash flow
	—	-5.89	-4.73	—	—	—
	—	-4.62	-34.65	—	—	—
	—	14.32	34.94	—	—	—
	—	8.79	26.32	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	19.02	36.42	20.79	16.88	15.19	21.32	0.94	1.31	8.67	21.04	16.35	18.34
	0.75	-0.26	0.47	0.48	0.59	-0.07	0.85	0.77	0.37	0.28	0.12	0.14
	19.77	36.16	21.26	17.37	15.78	21.25	1.79	2.07	9.04	21.32	16.47	18.48
	10.86	22.21	10.40	8.20	8.72	12.73	1.60	1.55	3.58	11.06	7.46	7.62
	7.88	18.92	8.17	6.47	6.69	10.58	0.52	0.65	2.08	10.13	5.49	5.79
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	0.51	0.62	0.47	0.39	0.41	0.33	0.39	0.38	0.28	0.08	0.43	0.28
	0.32	0.00	0.01	0.01	0.03	0.01	0.06	0.03	0.03	0.29	0.10	0.32
	0.29	0.11	0.10	0.09	0.08	0.11	0.10	0.09	0.07	0.10	0.09	0.06
	1.85	2.56	1.67	1.24	1.51	1.70	0.54	0.40	1.12	0.46	1.35	1.16
	8.91	13.95	10.86	9.17	7.06	8.52	0.19	0.53	5.46	10.26	9.01	10.86
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	8.91	13.95	10.86	9.17	7.06	8.52	0.19	0.53	5.46	10.26	9.01	10.86
	2.30	3.63	2.82	2.28	1.81	2.28	0.01	0.31	1.37	4.67	2.47	2.74
	6.60	10.31	8.04	6.88	5.25	6.24	0.18	0.22	4.09	5.58	6.54	8.12
	0.38	0.59	0.46	0.40	0.30	0.36	0.01	0.01	0.24	0.32	3.77	4.68
Key metrics
	9.52	14.06	10.97	9.27	7.17	8.64	0.35	0.65	5.56	10.65	9.20	11.24
	50.10%	38.60%	52.80%	54.90%	47.20%	40.50%	37.20%	49.60%	64.10%	50.60%	56.30%	61.30%
	34.70%	28.30%	38.70%	40.80%	34.60%	29.30%	19.10%	16.80%	47.20%	26.50%	40.00%	44.30%
	—	8.20%	—	6.70%	—	7.00%	—	—	—	—	—	—
	25.20%	70.80%	2,111.70%	1,188.50%	75.20%	1.30%	-94.30%	-92.90%	—	—	—	—
	25.70%	65.20%	4,366.70%	3,027.30%	28.40%	11.80%	-97.20%	-97.30%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	93.11	89.29	32.24	71.98	61.80	36.18
	1.44	1.28	1.92	0.63	0.18	1.38
	94.56	90.57	34.16	72.61	61.98	37.57
	51.67	49.53	19.46	34.98	34.51	19.28
	41.44	40.24	13.84	28.48	23.49	10.57
	0.00	0.00	0.00	—	—	—
	1.99	1.90	1.36	1.04	2.12	1.40
	0.34	0.29	0.13	1.13	2.09	3.88
	0.59	0.37	0.37	0.32	0.19	0.14
	7.32	6.73	3.76	4.01	6.61	3.29
	42.89	41.04	14.70	37.63	27.48	18.29
	0.00	0.00	0.00	—	—	—
	42.89	41.04	14.70	37.63	27.48	18.29
	11.03	10.55	3.96	9.82	6.28	4.12
	31.83	30.49	10.73	27.81	21.20	14.16
	1.83	1.76	0.00	1.60	12.24	—
Key metrics
	43.82	41.70	15.20	39.08	29.76	22.31
	47.06%	46.70%	47.10%	54.30%	48.20%	61.70%
	34.19%	34.10%	33.30%	38.60%	34.30%	39.10%
	—	24.40%	12.20%	—	—	—
	140.22%	177.00%	-55.20%	16.50%	70.80%	—
	167.70%	184.20%	-61.40%	31.20%	49.70%	—
	—	-6.44	-23.29	—	—	—
	—	-0.01	-0.26	—	—	—
	—	0.79	0.88	—	—	—
	—	72.85	59.17	—	—	—
	—	492.5	1,054.3	—	—	—
Balance sheet
	—	224.39	169.28	—	—	—
	—	153.47	122.53	—	—	—
	—	3.55	1.04	—	—	—
	—	3.10	1.84	—	—	—
	—	135.23	103.46	—	—	—
	—	6.47	5.14	—	—	—
	—	26.62	20.96	—	—	—
	—	17.85	12.17	—	—	—
	—	54.71	47.99	—	—	—
	—	76.40	60.21	—	—	—
	—	4.70	8.03	—	—	—
	—	71.70	52.18	—	—	—
	—	97.32	68.49	—	—	—
Cash flow
	—	-0.39	-2.81	—	—	—
	—	-11.45	-41.11	—	—	—
	—	14.35	39.45	—	—	—
	—	6.05	20.48	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +13.05%
Sales CAGR 5Y: —
Profit CAGR 3Y: +12.88%
Profit CAGR 5Y: —
Sales YoY (TTM): +140.22%
Profit YoY (TTM): +167.70%

Consolidated

Sales CAGR 3Y: +31.92%
Sales CAGR 5Y: —
Profit CAGR 3Y: +21.44%
Profit CAGR 5Y: —
Sales YoY (TTM): +294.86%
Profit YoY (TTM): +241.56%

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: 73.40%

Quarter	September 2026	June 2026
Promoter %	73.40%	73.40%

Holder	Type	Holding	Previous	Change
Jatin Dhansukhlal Suratwala	Promoter	38.70%	38.70%	0.00%
Manoj Dhansukhlal Suratwala	Promoter	13.19%	13.19%	0.00%
Manisha Jatin Suratwala	Promoter Group	5.76%	5.76%	0.00%
Hitendra Suratwala	Promoter Group	5.55%	5.55%	0.00%
Hema Sukhadia	Promoter Group	4.50%	4.50%	0.00%
Mehta Mayuri	Promoter Group	3.89%	3.89%	0.00%
Rajesh Bipin Kamdar	Public	1.17%	1.17%	0.00%
Kulin Shantilal Vora	Public	1.08%	1.08%	0.00%
Shree Tirupati Aviation Consultancy Private Limited	Public	1.01%	1.01%	0.00%
Suratwwala properties LLP	Promoter Group	0.50%	0.50%	0.00%
Ishita Manoj Suratwala	Promoter Group	0.25%	0.25%	0.00%
Radha Pankaj Sukhadia	Promoter Group	0.22%	0.22%	0.00%
Vaibhavi Jatin Suratwala	Promoter Group	0.21%	0.21%	0.00%
Yash Jatin Suratwala	Promoter Group	0.18%	0.18%	0.00%
Saloni Hitendra Suratwala	Promoter Group	0.17%	0.17%	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%
SURATWWALA BUSINESS GROUP LIMITED	390	22.49	9.31	27.80%	+294.86% TTM	+241.56% TTM	-32.93%

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

Filings & corporate actions

Recent announcements

Unaudited Financial Results for Q2 standalone and consolidated 2026-274 Nov 2026 · Result / Financial Results
Outcome of Board Meeting4 Nov 2026 · Board Meeting / Outcome of Board Meeting
Suratwwala Business Group Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/11/2026 ,inter alia, to consider and approve To consider and approve ....28 Oct 2026 · Board Meeting / Board Meeting
certificate under Regulation 74 (5)12 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Trading window closure for the Quarter ended September 30, 2026.25 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Voting Results_Scrutinizers Report_19thAnnualGeneralMeeting24 Sep 2026 · AGM/EGM / AGM
19TH AGM PROCEEDINGS.23 Sep 2026 · AGM/EGM / AGM
Bagging of order 20 MW AC/ 28.1 MW DC BY OUR SUBSIDIARY SURATWWALA NATURAL ENERGY RESOURCE PRIVATE LIMITED ( FORMERLY SURATWWALA NATURAL ENERGY RESOURCE LLP) BASIS LETTER OF INTENT BY M/S ....16 Sep 2026 · Company Update / Award of Order / Receipt of Order
Copy of Newspaper publication intimating the dispatch of Annual Report for the Financial Year 2025-26 along with the Notice of Annual General Meeting to be held on Wednesday September 23, ....2 Sep 2026 · Company Update / Newspaper Publication
NOTICE OF AGM AND BOOK CLOSURE PARTICULARS31 Aug 2026 · Company Update / General
19TH ANNUAL REPORT FOR FY 2025-2631 Aug 2026 · Others / Reg. 34 (1) Annual Report
Copy of Newspaper Publication17 Aug 2026 · Company Update / Newspaper Publication
Un-audited financial results for Q1 ended June 30, 202613 Aug 2026 · Result / Financial Results
Outcome of Board Meeting13 Aug 2026 · Board Meeting / Outcome of Board Meeting
Suratwwala Business Group Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/08/2026 ,inter alia, to consider and approve Board Meeting for ....6 Aug 2026 · Board Meeting / Board Meeting
Certificate under Regulation 74(5) of SEBI (DP) Regulations 201814 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Trading Window closure for the quarter ending as on June 30, 2026. The Trading window will be closed for dealing in securities of the Company by its designated persons will remain closed ....24 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Suratwwala Business Group Limited has informed the Exchange about update on Investor/Analyst Meet_Samruddhi Season3 organised by Hem Securities.19 Jun 2026 · Company Update / General
Intimation about participation at Samruddhi season 3 Nav-Bharat ka caravan organised by Hem Securities.10 Jun 2026 · Company Update / General
Press Release for the Financial Year ended March 31, 2026.29 May 2026 · Company Update / Press Release / Media Release
Copy of Newspaper Publications for Q4 and Year ended March 31, 2026.29 May 2026 · Company Update / Newspaper Publication
Re-appointment of Internal Auditors.27 May 2026 · Company Update / General
Audited Financial Results. Detailed PDF attached.27 May 2026 · Result / Financial Results
Outcome of Board Meeting. Detailed PDF attached.27 May 2026 · Board Meeting / Outcome of Board Meeting
Suratwwala Business Group Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/05/2026 ,inter alia, to consider and approve To consider and approve ....15 May 2026 · Board Meeting / Board Meeting
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. <table border=''1px''><tr> <td>Sr. No.</td> <td>Particulars</td> <td>Details</td> ....24 Apr 2026 · Others / Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Bagging of Order/contract by our Subsidiary Suratwwala Natural Energy Resource Private Limited (formerly known as Suratwwala Natural Energy Resource LLP) from M/s Bondada Engineering Limited ....9 Apr 2026 · Company Update / Award of Order / Receipt of Order
Certificate under Regulation 74 (5) for the quarter ended March 31, 2026.8 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Clarification on price Movement2 Apr 2026 · Company Update / General
The Exchange has sought clarification from Suratwwala Business Group Ltd on April 1, 2026 with reference to significant movement in price, in order to ensure that investors have latest ....1 Apr 2026 · Company Update / Clarification
Trading window Closure for the 4th Quarter & Year Ended March 31, 2026.25 Mar 2026 · Insider Trading / SAST / Closure of Trading Window
Intimation of Newspaper Publication Q3 FY 25.17 Feb 2026 · Company Update / Newspaper Publication
Intimation of Newspaper Publication Q3 FY 25.17 Feb 2026 · Company Update / Newspaper Publication
Board Meeting Outcome for the Quarter 3 and nine months ended December 31 202512 Feb 2026 · Result / Financial Results
Board Meeting Outcome for the Quarter 3 and nine months ended December 31 202512 Feb 2026 · Board Meeting / Outcome of Board Meeting
Suratwwala Business Group Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/02/2026 ,inter alia, to consider and approve Board Meeting Intimation ....4 Feb 2026 · Board Meeting / Board Meeting
Project updates Letter27 Jan 2026 · Company Update / Award of Order / Receipt of Order
Certificate under Reg 74 (5) of SEBI (DP) Regulations 2018, for Quarter 3 ended December 31, 2025.8 Jan 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Trading window closure for Quarter 3 & Nine months ended as on December 31st, 2025.24 Dec 2025 · Insider Trading / SAST / Closure of Trading Window
Clarification on Price Movement15 Dec 2025 · Company Update / General

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 0.1200	11 Sep 2026	11 Sep 2026	—
Final Dividend - Rs. - 0.1000	12 Sep 2025	12 Sep 2025	—

Board meetings

4 Nov 2026 Board Meeting - Financial Results
13 Aug 2026 Board Meeting - Financial Results