Develops and sells residential and commercial real estate, concentrated in South-Central Mumbai. The company reports a single Real Estate segment that contributed ₹549.09 crore of segment revenue in FY26, the entirety of segment revenue and the basis for FY26 consolidated revenue of ₹555.86 crore. Operating activity is project-based: three new projects were launched in FY26 — Suraj One Business Bay (commercial, ₹1,200 crore GDV), Suraj Park View 1 (₹250 crore GDV) and Suraj Aureva (₹120 crore GDV) — taking total FY26 launches to roughly ₹1,600 crore in GDV. Pre-sales for FY26 came in at ₹615 crore, ahead of the ₹600 crore guidance, with sales area of 1,31,167 sq ft. The ongoing project pipeline spans 18.45 lakh sq ft of saleable area. The single largest cost line is materials at 58.9% of revenue, which captures land and construction inputs, while employee cost at 4.5% and other operating expenses at 4.8% are far smaller. Finance costs rose to ₹92.5 crore in FY26 from ₹65.7 crore in FY25, reflecting fresh borrowings to fund new land acquisitions such as the Mahim development-rights parcel (₹75 crore for ~1.50 lakh sq ft of saleable area, with ₹800 crore estimated GDV) and the Prabhadevi land at Sayani Road (~₹200 crore GDV). AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Real Estate (100%). Cyclical, land-bank-driven residential and commercial real estate developer
| ₹ crore · consolidated | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 412 | 549 | 556 |
| EBITDA (ex other income) | 233 | 203 | 218 |
| margin % | 56.5 | 36.9 | 39.2 |
| Owners' profit | 68 | 100 | 90 |
| EPS, as reported (₹) | 19.39 | 21.80 | 19.51 |
| ROE % · ROCE % | 13.1 · 30.3 | 11.1 · 16.0 | 9.1 · 14.2 |
| Debt / equity (x) | 0.82 | 0.51 | 0.65 |
| Cash from operations | 9 | (326) | (54) |
| Capex | (25) | (1) | (3) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 109 | 170 | 136 | 132 | 145 | 180 | 99 | 145 |
| Profit before tax | 44 | 26 | 26 | 28 | 44 | 34 | 19 | 31 |
| Net profit | 32 | 20 | 18 | 21 | 33 | 25 | 11 | 23 |
| EPS (₹) | 7.43 | 4.23 | 3.61 | 4.60 | 7.15 | 5.44 | 2.32 | 4.94 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| DLF LIMITED | 1,59,533 | 35.9 | 3.51 | 48.1 | 9.7 | 6.0 | 8.6 | 37.1 |
| LODHA DEVELOPERS LIMITED | 1,11,589 | 27.0 | 4.76 | 22.1 | 14.6 | 15.7 | 25.1 | 40.5 |
| THE PHOENIX MILLS LTD | 67,594 | 52.8 | 4.73 | 26.2 | 10.9 | 9.9 | 32.7 | 63.4 |
| PRESTIGE ESTATE LTD | 64,519 | 56.6 | 3.85 | 18.5 | 7.8 | 6.8 | 11.8 | 38.1 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · 40th AGM notice and FY26 annual report link sent to shareholders | board shareholder meetings | low | — | — |
| 8 Sept 2026 · Notice of 40th AGM published in newspapers | compliance | minimal | — | — |
| 5 Sept 2026 · Notice of 40th AGM on September 30, 2026 at 12:30 PM via VC/OAVM | board shareholder meetings | low | — | — |
| 5 Sept 2026 · Annual Report FY25-26 and 40th AGM notice submitted | results | high | — | — |
| 24 Aug 2026 · Q1 FY27 earnings call transcript: revenue up 10 percent, presales guidance INR700 cr | investor communications | medium | — | — |
| 17 Aug 2026 · Audio recording of Q1 FY27 analyst call uploaded | investor communications | low | — | — |
| 17 Aug 2026 · Suraj Estate Q1 FY27: Income up 10%, PAT up 7% | investor communications | medium | — | — |
| 12 Aug 2026 · Suraj Estate Developers Q1FY27 earnings call on August 17, 2026 | board shareholder meetings | low | — | — |
| 10 Aug 2026 · Suraj Estate Developers to raise INR 165 cr via secured NCDs | fund raising | medium | — | — |
| 10 Aug 2026 · Suraj Estate to issue 165 crore NCDs via private placement | fund raising | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| OBEROI REALTY LIMITED | 63,306 | 20.8 | 3.53 | 18.2 | 14.0 | 15.5 | 24.0 | 61.1 |
| GODREJ PROPERTIES LTD | 52,653 | 32.9 | 2.72 | 23.7 | 9.5 | 11.4 | 46.3 | 107.7 |
| ANANT RAJ LIMITED | 21,490 | 36.2 | 3.69 | 29.3 | 9.6 | 10.2 | 58.7 | 32.1 |
| BRIGADE ENTER. LTD | 20,941 | 24.4 | 2.78 | 15.7 | 9.6 | 6.8 | 23.9 | 41.9 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 8.8 | 21.8 | 7 of 57 | 89% |
| P/B | 0.8 | 2.1 | 12 of 64 | 83% |
| ROCE | 8.2 | 6.8 | 31 of 67 | 55% |
| ROE | 9.1 | 8.2 | 31 of 67 | 55% |
| Debt / Equity | 0.7 | 0.4 | 52 of 67 | 23% |
| EBITDA margin | 37.9 | 29.6 | 23 of 66 | 66% |
| Revenue growth | 9.2 | 12.8 | 35 of 67 | 49% |
| Profit growth | 7.4 | 7.5 | 34 of 66 | 49% |
| Market cap | 836 | 2250 | 40 of 67 | 41% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
