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Suraj Estate Developers Limited (SURAJEST)

Small Cap

Real Estate stocks · Small cap · NSE

Suraj Estate Developers Limited operates in Real Estate Development, within the Real Estate sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.

₹186.68
-7.65 · -3.94%
Market cap ₹994 Cr
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm IST
Details
Quote21 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result14 Aug, 06:27 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Real Estate P/E 22.2 (n=72)
Technical timing lens

Trend score and candlestick chart

44Neutral

SMA20 +11.3% / mo · MACD − · near 52W low · sector -5.2pp vs Nifty 500 (3M)

Stock trend: 43
Sector RS: 45
Sector 3M: -10.8% vs Nifty 500 -5.6%

Latest mapped FPI equity flow was not positive. View sector evidence

Technical chart

SURAJESTD candles · FIT view-23.2%
Latest close ₹186.68 on 2026-10-21
Bar
-3.9%
RSI
39
MACD hist
-2.26
52W pos
14%
Visible chart range
Candle interval
2026-10-21O ₹194.33H ₹195.24L ₹185.00C ₹186.68Vol 64,589 sh
₹160.90₹183.45₹206.00₹228.55₹251.1052L₹186.682026-032026-06VolRSIMACD2026-042026-062026-082026-092026-11
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context

Relative performance and chart statistics

Adjusted completed-session prices, rebased to 100

SURAJESTNifty RealtyNifty 500
-17%-6%+5%+16%21 Jul2 Sept21 Oct21 Oct 2026SURAJEST -4.5%Nifty Realty -13.1%Nifty 500 -6.5%
SURAJEST
-4.5%
Nifty 500
-6.5%
Nifty Realty
-13.1%
Vs Nifty 500
+2.0 pp
Chart stats
21 Oct 2026
From 52W high
-41.5%
₹319
52W range position
14%
₹165 - ₹319
ATR (14)
4.9%
₹9.2
Volume vs 20D
0.26x
Latest completed session
Avg traded value
₹2.5 Cr
20-session average
20D price channel
₹185 - ₹228.6
38.6% annualized volatility
Research snapshot

What the evidence says now

Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is mixed.

Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · FAIR VALUE
59

Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.

Latest result
Average
32

Revenue +9.8% · PAT +9.5% YoY

Technical
Neutral
44

Price trend and sector-relative-strength timing.

Valuation
Legacy model
+70.8%

Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.

Trust
Limited evidence
61

Financial-only signal; management claim evidence is not sufficient yet.

Financials

Fundamentals, quarterly history, margins, returns and balance-sheet evidence

Latest result

Quarter ended 30 Jun 2026

Average · 32/100

margin compression · Rev +10% YoY · PAT +10% YoY · +46% QoQ

Filed 14 Aug 2026
Open results browser →
MetricThis quarterYoYQoQ
Revenue₹145 Cr+9.8%+46.5%
EBITDA₹53 Cr+6.0%+6.0%
Operating margin37.0%+0 bps-1300 bps
PAT₹23 Cr+9.5%+109.1%
PAT margin15.9%-5 bps+475 bps

NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.

Fundamentals

Valuation

P/E
10.80
P/B
1.00
EV/EBITDA
7.25
Market Cap
994.00Cr

Profitability

ROE
9.38%
ROCE
14.50%
ROA
5.27%
Dividend Y
—

Growth (CAGR)

Revenue 5Y
18.00%
EPS 5Y
70.00%
Revenue 3Y
22.00%
EPS 3Y
40.00%

Balance Sheet

Debt/Equity
0.65
Interest Coverage
2.35×
Altman Z
2.52
Book Value
208.00

Cash Flow

FCF Yield
—
FCF Positive Y
2/5
OCF
-54.00 Cr
EPS TTM
19.22

Shareholding

Promoter Hold
69.80%
Promoter Pledge
0.00%
Momentum 52W
28%

Financial History

Updated 21/10/2026

Revenue

₹ Cr
Latest: 145+46.5% vs prev
0180.0Sep 2023: 103Dec 2023: 106Mar 2024: 100Jun 2024: 134Sep 2024: 109Dec 2024: 170Mar 2025: 136Jun 2025: 132Sep 2025: 145Dec 2025: 180Mar 2026: 99.0Jun 2026: 145Q2 23Q3 23FY24Q1 24Q2 24Q3 24FY25Q1 25Q2 25Q3 25FY26Q1 26

Net Profit

₹ Cr
Latest: 23.0+109.1% vs prev
033.0Sep 2023: 17.0Dec 2023: 17.0Mar 2024: 19.0Jun 2024: 30.0Sep 2024: 32.0Dec 2024: 20.0Mar 2025: 18.0Jun 2025: 21.0Sep 2025: 33.0Dec 2025: 25.0Mar 2026: 11.0Jun 2026: 23.0Q2 23Q3 23FY24Q1 24Q2 24Q3 24FY25Q1 25Q2 25Q3 25FY26Q1 26
ROE is shown only in the Annual view — quarterly equity data isn't published.

Technicals

Trend interpretation, Stage 2, relative strength, volume and indicator evidence

Daily technical trend read

Bearish setup

Trend is weak — long-term trend down. RSI 39.

  • Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
  • SMA20 rising (~10.2% over last month) — short-term momentum positive.
  • RSI(14) at 39 — falling, no extreme reading.
  • MACD below signal, histogram expanding negatively — bearish momentum building.
  • 41% off 52W high · 13% above 52W low.

Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.

Nifty 500 leadership

Relative Strength & Trend Stage

22
RS percentile
Stage 1 Base / Transition
1M return
-13.7%
3M return
-4.5%
6M return
-22.8%
1Y return
-37.6%
RS 1D
-1
RS 20D
-21
Sector rank
#18
Industry rank
#69
Stage evidence
  • Price is 8.8% below the 30-week proxy without full trend alignment.
  • The 30-week proxy changed -0.1% over 20 sessions.
  • The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
lagging
Industry
lagging
Relative-strength line vs Nifty 500 (base 100)
262 observations
21 Oct 2026Value 69.91-3.04%
58708294106Sept 25Feb 26Jun 26Oct 2670
RS vs Nifty 50070

Valuation & peers

U-Score 59 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies

59U-SCORE
Deep Value

Fundamental score breakdown

U band · FAIR VALUE
Valuation28/30
Growth20/25
Quality0/20
Balance Sheet7/15
Cash Flow1/10
Piotroski
5/9 (+3)
Penalties
0
Raw sum
59

Why this score?

Top U-Score contributors and drags from the latest stored fundamentals.

59/100 · legacy band FAIR VALUE

Positive drivers

  • Fair-value margin of safety is positive at 70.8%.
  • Valuation contributes 28/30 to the score.
  • Growth contributes 20/25 to the score.

Main drags

  • Quality is weaker at 0/20; verify the latest quarterly trend.
  • Cash flow is weaker at 1/10; verify the latest quarterly trend.
  • Balance sheet is weaker at 7/15; verify the latest quarterly trend.
Sector valuation model

Real estate valuation: NAV, pre-sales, debt, and inventory quality

Real estate valuation depends more on project economics and balance sheet than simple PE.

Real Estate NAV
Primary lens
NAV and market cap versus project pipeline and pre-sales.
Secondary checks
Inventory age, net debt, collections, execution record.
Main risk check
Book value can overstate value if inventory is slow or debt is high.
PE
10.8
PB
1.0
EV/EBITDA
7.3
ROE
9.4%
ROCE
14.5%
FCF Yield
—
Debt/Equity
0.7
MoS
+70.8%
Score movement

Stored run vs live recompute

This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.

Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
59
Previous: 57 (+2)
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+70.8%
Previous: +69.6%

Score history

12 stored score snapshots. Latest stored move: +0 points.

21 Oct 2026
v4.3-runtime-valuation
57
57
57
57
57
57
57
57
57
57
57
57

Factor attribution

Valuation
28+2
was 26

Modelled fair value

Graham Number
₹299.92
+37.8% MoS
Growth-justified P/E
33.3
Growth-justified Value
₹640.03
+70.8% MoS
PEG
0.19

Comparable companies

Peers

Business-comparable peers in Real Estate — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.

Compare all ↗
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
PANSARI
Small
Pansari Developers Limited
Real Estate
match 167
20
22.5
3.2%
-109%
OVERVALUED
ARIHANT
Small
Arihant Foundations & Housing Limited
Real Estate
match 167
66
14.2
17.1%
+59%
UNDERVALUED
LPDC
Small
Landmark Property Development Company Limited
Real Estate
match 167
58
9.8
3.7%
+71%
FAIR VALUE
TICL
Small
Twamev Construction and Infrastructure Limited
Real Estate
match 166
40
18.0
2.3%
+48%
WATCHLIST
SHRIRAMPPS
Small
Shriram Properties Limited
Real Estate
match 166
50
12.6
6.8%
+63%
FAIR VALUE

Business, management & trust

Growth engines, risks, management commitments and evidence-backed delivery

Business and thesis

Issuer presentation review pending

Suraj Estate Developers Limited operates in Real Estate Development, within the Real Estate sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.

Trust Score
61Limited evidence · low confidenceTrust Lite

Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.

Limited evidence: Claim history is still being built. It ranks around the 32nd percentile of the scored universe and 55th percentile within Real Estate. Main check: cash conversion is weak at 40/100.

This is a financial-behaviour screen, not a claim-tested management reliability verdict.

Computed 05 Sept 2026
management-trust-v1
41 docs text-extracted · 17 concalls text-extracted
Score band
Limited evidence

Financial behaviour is scored, but management claims do not yet have enough outcome checks.

Relative rank
32nd percentile

overall median 67 · Real Estate: 55th pctile, median 61 · Small: 36th pctile, median 66

Evidence depth
Financial-only

41 documents have extracted text, but claim history is not strong enough yet.

Claim delivery
Outcome history still building

0 claims extracted · No contradicted claim yet

How to read this Trust Score

Limited evidence · low confidence
What it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.

Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.

Forensic breakdown

Read low sub-scores as due-diligence warnings, not automatic sell signals.

Promoter
86
strong · holding, pledge, alignment
Cash flow
40
weak · profit to cash conversion
Balance sheet
65
acceptable · leverage and solvency
Discipline
58
watch · capital discipline
Results
62
acceptable · quarterly consistency

Trust positives

  • ▸Promoter holding is 69.8%.
  • ▸Promoter pledge is zero.
  • ▸3/4 latest quarters had positive YoY revenue growth.
  • ▸3/4 latest quarters had positive YoY PAT growth.

Trust risks

  • ▸Operating cash flow is negative at ₹-54 Cr.
  • ▸ROCE trend is -5.8%.
  • ▸1 of the latest 4 quarters had PAT decline worse than 25% YoY.
  • ▸OPM spread across recent quarters is 36%.

Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.

Important announcements & filings

Latest exchange and company disclosures found within the past two years.

10 shown
Annual reportSep 2026

Sep 2026 · Intimation Under Regulation 30 And 36(1)(B) Of The SEBI (LODR) Regulations, 2015 ("SEBI Listing Regulations"). 11 Sep - 40th AGM on September 30, 2026; FY2025-26 annual report shared and KYC update reminder.

Source: Bse

Open source ↗
Announcement

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 22 Sep

Source: Bse

Open source ↗
Announcement

Announcement under Regulation 30 (LODR)-Newspaper Publication 8 Sep

Source: Bse

Open source ↗
Investor presentationAug 2026

Aug 2026 · PPT

Source: Bse

Open source ↗
Concall transcriptAug 2026

Aug 2026 · Transcript

Source: Bse

Open source ↗
AnnouncementAug 2026

Aug 2026 · Announcement under Regulation 30 (LODR)-Issue of Securities 14 Aug - On Aug 14, 2026, board approved Q1 FY27 results, AGM notice, reappointments, and ₹500 crore fund raising.

Source: Bse

Open source ↗
Announcement

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 4 Jun - Letter for Intimation of Schedule of Analyst / Institutional Investor meetings

Source: Bse

Open source ↗
Verify on:NSE India ↗
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.