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Suraj Estate Developers
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Suraj Estate Developers Limited was originally incorporated as Suraj Estate Developers Private Limited', at Mumbai dated September 10, 1986 issued by the RoC. Subsequently, Company converted into a Public Limited Company dated October 30, 2021 and the name was changed to Suraj Estate Developers Limited' vide fresh Certificate of Incorporation dated December 9, 2021. Founded by the Promoter, Rajan M. Thomas, the Company is engaged in the business of real estate development.
The Company has been involved in real estate business since 1986, and developed real estate across residential and commercial sectors in the South Central Mumbai region. In residential portfolio, it is present across the 'value luxury' and 'luxury' segments with unit values ranging from Rs. 10 million to Rs 130 million. In commercial portfolio, it has constructed and sold built-to-suit corporate headquarters to institutional clientele, Saraswat Cooperative Bank Limited (Prabhadevi) and Clearing Corporation of India Limited (Dadar).
The Company had launched 14 residential projects out of which 12 projects are redevelopment projects. Majority of projects executed by the Company are on land owned or through development agreements with land-owners. It completed 42 projects with a developed area of more than 1,046,543 sq. ft. in South Central Mumbai region. In addition to completed projects, it has 9 ongoing projects with a developable area of 1,970,445 square feet and saleable RERA carpet area 442,616 sq. ft. and 21 upcoming projects with an estimated carpet area of 928,400 sq. ft.
In the Value Luxury Segment, the Company completed projects like St. Anthony Apartments (Mahim), Lumiere (Dadar) and Elizabeth Apartment (Dadar). It completed Mangirish (Dadar) and Tranquil Bay (Dadar) projects located to the Arabian Sea. In addition, it constructed and sold residential buildings for institutional clientele such Clearing Corporation of India Limited (Dadar) and other financial institutions.
In year 1990, the Company completed a residential project, 'Suraj Venture A' located at Mahim, Mumbai. In 1992, it sold a residential building Vinayak Darshan' to a nationalized public sector bank at Dadar, Mumbai. In 1996, it sold a residential building known as Suraj Heights III' at Goregaon (East), Mumbai to a leading private sector bank.
In 2000, the Company sold 'ICICI Apartments', a residential project at Kirti College Lane, Dadar (West), Mumbai to a leading private sector bank for senior officers. It sold NEAT House' in Dadar to a stock exchange. In 2005, it sold Gloriosa Apartment' at Dadar (West), Mumbai, to Clearing Corporation of India Limited for their senior officers.
In 2007, the Company sold ICICI Apartments' located at Prabhadevi, Mumbai to a leading private sector bank as quarters for senior officials. In 2010, it sold Saraswat Bank Bhavan' located at Prabhadevi as corporate office for Saraswat Co-operative Bank Limited. In 2012, CCIL Bhavan' to suit commercial building at Dadar (West), Mumbai.
Later in 2016, Accord Estates Private Limited, a Material Subsidiary, was formed with Runwal Realty Private Limited for development of a residential project known as Nirvana' located at Parel (East). In 2017, 'Palette', a flagship project located at Dadar was launched, which later on got into a luxury residential segment of the real estate market in South Central Mumbai. It also launched sea luxury project , 'Ocean Star' at Dadar (West).
Through the launch of Louisandra' residential project in Dadar, Mumbai, the Company got into value luxury segment, which comprised 1 BHK and compact 2 BHK in the South Central Mumbai. It launched a luxury project, Ave Marie Apartments' at Dadar, Mumbai in 2019.
In 2021, the Company purchased vacant land parcel at Tulsi Pipe Road from Tata Motors. It acquired investment from ICICI Ventures Funds Management Company for part financing project cost of newly launched value luxury project Suraj Eterna'. It launched launched residential value luxury projects like Vitalis' and Suraj Eterna' at L.J. Road, Mahim, Mumbai.
The Company is planning to raise capital from Public by raising Rs. 500 crore Equity Shares through Fresh Issue.
Suraj Estate Developers share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Suraj Estate Developers indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Suraj Estate Developers is valued compared to its competitors.
Suraj Estate Developers PE ratio helps investors understand what is the market value of each stock compared to Suraj Estate Developers 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Suraj Estate Developers evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Suraj Estate Developers generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Suraj Estate Developers in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Suraj Estate Developers shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Suraj Estate Developers compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Suraj Estate Developers over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Suraj Estate Developers helps investors get an insight into when they can enter or exit the stock. Key components of Suraj Estate Developers Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Suraj Estate Developers shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Suraj Estate Developers ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Suraj Estate Developers provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Suraj Estate Developers highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Suraj Estate Developers .
The balance sheet presents a snapshot of Suraj Estate Developers ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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