Suraj Estate Developers Share Price Target 2024-2030 Fundamentals & Quarterly Results

Suraj Estate Developers Share Price Target 2024 2025 2026 2027 2028 2029 2030 Fundamentals & Quarterly Results – Suraj Estate Developers Ltd is in the real estate business. The group develops real estate across the residential and commercial sectors in South Central Mumbai. Company is essentially engaged in developing real estate in India which encompasses the development and sale of residential and commercial premises. All the revenue generated by the company comes from sources within India. The projects of the company include Suraj Emmanuel, Ocean Star, Suraj Lumina, The Palette, Louisandra, Ave Maria, Nirvana, Vitalis, Park View, and Eterna.Suraj Estate Developers Share Price Target

Suraj Estate Developers Overview

The company, Suraj Estate Developers Limited, was registered in the year 1986. The major business of the company is to carry on the activities like construction of residential and commercial real estate in South Central Mumbai.

Company NameSuraj Estate Developers Limited
Listed atNSE & BSE
Head Office14, Floor-2, Nirmala Building, Miya Mohd Chhotani , 2nd X Road,Mahim Mumbai
Board Of Directors
  • Mr.Rajan Meenathakonil Thomas Chairperson & Managing Director
  • Mr.Mrutyunjay Mahapatra Independent Director
  • Dr.Satyendra Shridhar Nayak Independent Director
  • Mr.Sunil Pant Independent Director
  • Ms.Sujatha R Thomas Non Executive Director
  • Mr.Rahul Rajan Jesu Thomas Whole Time Director
Official Websitesurajestate.com

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Suraj Estate Developers Business Profile

Land parcels are owned by the company at Bandra (West) and Santacruz (East) for development purposes. The land reserve of the company as on 31st October 2023 is 10,359.77 sq. meters comprise land parcels admeasuring 9,631.35 sq. meters situated at Bandra (West), and land parcels admeasuring 728.42 sq. meters situated at Santacruz (East).

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Luxury segment

The company focuses mainly on value luxury, luxury segments, and commercial segments. SEDL now forays into residential real estate development in the Bandra sub-market.

Completed Project

The Co. has completed 42 projects that have a developed area of more than 1,046,543 sq. ft. in the South-Central Mumbai region.

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Ongoing Projects

13 Live Projects with an area of 2,034,434 sq. ft which is developable and saleable carpet area of 609,928 sq. ft.

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Upcoming Projects

At the present time, there are 6 planned initiatives estimating 744,149 square feet of built area including 10,359.77 m2 of land reserves until October 30th, 2023. Current SEDL projects include Ave Maria (Dadar), Vitalis (Mahim), Suraj Parkview 2 (Dadar), and Suraj Eterna (Mahim).

Residential & Commercial Portfolio

In their commercial portfolio, they have built and sold corporate headquarters on an EPC turnkey basis to their institutional clients: Saraswat Cooperative Bank Ltd (Prabhadevi) and Clearing Corporation of India Ltd (Dadar).

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SEDL solely relies on third-party contractors for its Project construction services as it does not undertake any construction service on its own.

Suraj Estate Developers Fundamentals & Quarterly Results

MetricValue
Market Cap₹ 3,531 Cr.
Current Price₹ 796
High / Low₹ 847 / ₹ 256
Stock P/E42.6
Book Value₹ 116
Dividend Yield0.13%
ROCE28.9%
ROE23.0%
Face Value₹ 5.00
FCF Previous Year₹ 188 Cr.
Debt to Equity0.83
Debt Preceding Year₹ 593 Cr.
Reserves₹ 495 Cr.
Quick Ratio0.95
Current Ratio2.36
Free Cash Flow₹ -16.3 Cr.
PEG Ratio0.38
Piotroski Score6.00
Pledged Percentage0.00%
Interest Coverage1.86
Debt 3 Years Ago₹ 600 Cr.

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Suraj Estate Developers Quarterly Results

MetricJun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales102103106100134
Expenses5640364770
Operating Profit4763705363
OPM % (Operating Profit Margin)46%61%66%53%47%
Other Income00031
Interest2740472522
Depreciation11122
Profit Before Tax1923223040
Tax %25%26%25%34%25%
Net Profit1517171930
EPS (in Rs)4.425.103.744.346.79

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CAGR Repor

Metric10 Years5 Years3 YearsTTM / 1 Year
Compounded Sales Growth%64%20%35%
Compounded Profit Growth%112%121%110%
Stock Price CAGR%%%%
Return on Equity (ROE)%31%33%23%

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Suraj Estate Developers Shareholding Pattern

MetricDec 2023Mar 2024Jun 2024
Promoters74.95%74.95%74.95%
FIIs (Foreign Institutional Investors)7.13%5.66%2.51%
DIIs (Domestic Institutional Investors)4.02%3.11%1.98%
Public13.91%16.28%20.56%
No. of Shareholders82,28259,30133,898

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Suraj Estate Developers Share Price Target 2024-2030 Forecast

Year Share Price Target
2025 ₹1,990
2026  ₹2,595
2027 ₹3,355
2028 ₹4,100
2029 ₹4,840
2030 ₹5,490

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Suraj Estate Developers Share Price Target 2025

Month’s Starting MonthEnding Month
January ₹1,200₹1,260
February ₹1,260₹1,300
March ₹1,300₹1,375
April ₹1,375₹1,440
May₹1,440₹1,560
June ₹1,560₹1,600
July ₹1,600₹1,670
August ₹1,670₹1,745
September ₹1,745₹1,795
October ₹1,795₹1,855
November ₹1,855₹1,920
December ₹1,920₹1,990

 Suraj Estate Developers Share Price Target 2026

Month’s Starting MonthEnding Month
January ₹2,990₹2,048
February ₹2,048₹2,110
March ₹2,110₹2,175
April ₹2,175₹2,135
May₹2,135₹2,185
June ₹2,185₹2,256
July ₹2,256₹2,320
August ₹2,320₹2,375
September ₹2,375₹2,443
October ₹2,443₹2,475
November ₹2,475₹2,540
December ₹2,540₹2,595

Suraj Estate Developers Share Price Target 2027

Month’s Starting MonthEnding Month
January ₹2,595₹2,660
February ₹2,660₹2,720
March ₹2,720₹2,855
April ₹2,855₹2,910
May₹2,910₹2,975
June ₹2,975₹3,037
July ₹3,037₹3,085
August ₹3,085₹3,135
September ₹3,135₹3,175
October ₹3,175₹3,246
November ₹3,246₹3,286
December ₹3,286₹3,355

Suraj Estate Developers Share Price Target 2028

Month’s Starting MonthEnding Month
January ₹3,555₹3,444
February ₹3,444₹3,510
March ₹3,510₹3,565
April ₹3,565₹3,600
May₹3,600₹3,665
June ₹3,665₹3,730
July ₹3,730₹3,785
August ₹3,785₹3,856
September ₹3,856₹3,924
October ₹3,924₹3,995
November ₹3,995₹4,045
December ₹4,045₹4,100

Suraj Estate Developers Share Price Target 2029

Month’s Starting MonthEnding Month
January ₹4,100₹4,155
February ₹4,155₹4,220
March ₹4,220₹4,365
April ₹4,365₹4,410
May₹4,410₹4,485
June ₹4,485₹4,530
July ₹4,530₹4,600
August ₹4,600₹4,645
September ₹4,645₹4,698
October ₹4,698₹4,740
November ₹4,740₹4,785
December ₹4,785₹4,840

Suraj Estate Developers Share Price Target 2030

Month’s Starting MonthEnding Month
January ₹4,840₹4,880
February ₹4,880₹4,920
March ₹4,920₹4,965
April ₹4,965₹5,020
May₹5,020₹5,085
June ₹5,085₹5,134
July ₹5,134₹5,168
August ₹5,168₹5,230
September ₹5,230₹5,286
October ₹5,286₹5,365
November ₹5,365₹5,420
December ₹5,420₹5,490

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