Suraj Estate Developers Ltd

About Suraj Estate Developers Ltd

Suraj Estate Developers Ltd is a prominent Mumbai-based real estate developer specializing in premium and luxury residential and commercial projects. With over four decades of experience, the company is particularly known for its expertise in redevelopment projects, primarily catering to the South Central Mumbai market, delivering quality constructions.

Key Financial Ratios of Suraj Estate Developers Ltd

• P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Suraj Estate Developers Ltd's P/E ratio (TTM) is 12.15, compared to the industry median of 25.72 and large cap median of 21.98.

• P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Suraj Estate Developers Ltd's P/B ratio is 0.94, compared to the industry median of 2.32 and large cap median of 2.06.

• P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Suraj Estate Developers Ltd's P/S ratio is 1.65, compared to the industry median of 3.77 and large cap median of 3.32.

• PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Suraj Estate Developers Ltd's PEG ratio is 0.14.

• EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Suraj Estate Developers Ltd's EV/EBITDA ratio is 6.29.

• Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Suraj Estate Developers Ltd's ROE is 9.06%.

• Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Suraj Estate Developers Ltd's ROA is 11.12%.

• Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Suraj Estate Developers Ltd's ROCE is 15%.

• Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Suraj Estate Developers Ltd's operating margin is 39.21%.

• Net Margin: Net margin shows what percentage of revenue converts into final net profit. Suraj Estate Developers Ltd's net margin is 16.19%.

• Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Suraj Estate Developers Ltd's current ratio is 4.37.

• Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Suraj Estate Developers Ltd's debt-to-equity ratio is 0.54.

• Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Suraj Estate Developers Ltd's interest coverage ratio is 2.37.

• Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Suraj Estate Developers Ltd's DPS is ₹0.

• Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Suraj Estate Developers Ltd's EPS is -9.87.

(Source line: "Ratios as of 23 Aug 2026, based on last traded price of ₹195.46. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")

Key Facts

• Founded: 1986

• Headquarters: Mumbai, Maharashtra

• Core Offerings: Residential Projects, Commercial Projects, Redevelopment Projects, Property Management Services

• Stock Listing: NSE (SURAJEST), BSE (544054)

• Promoter: Rajan Meenathakon P. / Pillai Family

History of Suraj Estate Developers Ltd

1986: Incorporated as Suraj Estate Developers Private Limited. Late 1980s-1990s: Commenced operations with smaller residential projects in prime Mumbai locations like Dadar. 2000s: Expanded presence, focusing on value-added redevelopment projects in South Central Mumbai. 2010s: Delivered various premium residential and commercial developments, establishing a strong brand for quality and timely execution. 2023: Converted to a public limited company and successfully completed its Initial Public Offering (IPO) in December. Present: Continues to focus on high-end residential and commercial developments, leveraging its redevelopment expertise in the Mumbai metropolitan region.

Business Segments and Revenue Mix

• Residential Projects: Focuses on developing premium and luxury residential apartments, primarily in South Central Mumbai, often through the redevelopment of existing properties, offering modern amenities and designs.

• Commercial Projects: Develops commercial spaces, including office units and retail establishments, located in strategic business districts of Mumbai, catering to diverse business needs.

• Redevelopment Model: Specializes in the redevelopment of old buildings and societies, which allows the company to acquire prime land parcels and generate revenue through the sale of free-sale components.

Key Personnel

Mr. Rajan Meenathakon Pillai: Chairman & Managing Director. A first-generation entrepreneur with over 36 years of extensive experience in the real estate sector, he founded the company and has been its driving force in strategic growth and project execution. Mr. Rahul Rajan Pillai: Whole-time Director. Son of Mr. Rajan Meenathakon Pillai, he is actively involved in the company's daily operations, business development, and strategic initiatives.

Subsidiaries and Associate Companies

• Accord Estate Developers Private Limited

Corporate Actions

Initial Public Offering (IPO) in December 2023.

References

1. Annual Report (FY2023-24) 2. Exchange Filings (NSE/BSE) 3. Financial Results Announcement 4. Initial Public Offering (IPO) Prospectus (December 2023)