About SGFRL
SGFRL is a publicly listed company based in Nashik (India) founded in 2010 by Rajkumar Gurbaxani. Travel services are provided by SGFRL in Nashik, India. The company has 90 employees. Its Indian entity Suyog Gurbaxani Funicular Ropeways Limited reported revenue of ₹50.09 Cr. SGFRL offers products and services including Funicular Ropeway and Accommodation Services. Its focus areas include Travel and Hospitality and Tour Operators.
Company details
SGFRL was established in 2010 in Nashik, India, as a provider of travel services. Operations are centered on facilitating travel arrangements through the domain sgfrl.com. The company functions within the travel sector, offering services such as bookings and related support to clients. Founded by Rajkumar Gurbaxani, who holds DIN 00324101 and PAN ABQPG8849N, it maintains a base in the Indian market with focus on regional activities.
- Market Cap₹216 Cr
SGFRL · BSE
- Share Price₹87.00
0.00% today
- Revenue₹49.79 Cr
FY 2025-26 · -6.1% YoY
- EBITDA₹24.54 Cr
Margin 49.3%
- Net Profit₹5.94 Cr
FY 2025-26 · -31.7% YoY
- P/E (TTM)35.5x
P/B 5.2x
- ROE18.2%
ROCE 10.4%
- Debt / Equity3.93
Interest cover 44.7x
- Employee Count90
Associated legal entities of SGFRL
SGFRL operates through Suyog Gurbaxani Funicular Ropeways Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Suyog Gurbaxani Funicular Ropeways Limited Listed CIN L45203MH2010PLC200005 | Active | 11 Feb 2010 | Mumbai, Maharashtra | ₹50.1 Cr | 90 | 11 | View details |
Products & Services of SGFRL
SGFRL offers a comprehensive portfolio of products and services, including Funicular Ropeway and Accommodation Services.
Access to the temple is provided via the funicular ropeway from the mountain base, facilitating easier travel for pilgrims.
Stays are offered in environments closest to the Saptashrungi shrine to support visitors' needs.
Board of directors of Suyog Gurbaxani Funicular Ropeways Limited (SGFRL)
Suyog Gurbaxani Funicular Ropeways Limited is the primary company behind SGFRL. The board of Suyog Gurbaxani Funicular Ropeways Limited currently have 9 directors; the longest-serving is Shivshankar Gurushantappa Lature, appointed in 2010. 11 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Shivshankar Gurushantappa Lature DIN 02090972 | Director | 11 Feb 2010 | 16 yrs 9 mo | Suyog Gurbaxani Funicular Ropeways Limited |
| Rajkumar Dwarkadas Gurbaxani DIN 00324101 | Whole-time director | 11 Feb 2010 | 16 yrs 9 mo | Suyog Gurbaxani Funicular Ropeways Limited |
| Omprakash Dwarkadas Gurbaxani DIN 00324142 | Director | 11 Feb 2010 | 16 yrs 9 mo | Suyog Gurbaxani Funicular Ropeways Limited |
| Hrishikesh Deodatta Marathe DIN 02251842 | Director | 06 Mar 2019 | 7 yrs 8 mo | Suyog Gurbaxani Funicular Ropeways Limited |
| Manisha Suyog Shelar DIN 09308799 | Director | 04 Sep 2021 | 5 yrs 2 mo | Suyog Gurbaxani Funicular Ropeways Limited |
| Aditya Rajkumar Gurbaxani DIN 06731918 | Director | 21 Jan 2022 | 4 yrs 9 mo | Suyog Gurbaxani Funicular Ropeways Limited |
| Suyash Shivshankar Lature DIN 09423584 | Director | 21 Jan 2022 | 4 yrs 9 mo | Suyog Gurbaxani Funicular Ropeways Limited |
| Nandan Kumar Basu DIN 01986225 | Director | 09 Nov 2022 | 4 yrs | Suyog Gurbaxani Funicular Ropeways Limited |
| Padmanabhan Balasubramaniam DIN 01987724 | Director | 13 Jan 2026 | 9 mo | Suyog Gurbaxani Funicular Ropeways Limited |
People of SGFRL
1 people are tracked at SGFRL (1 in leadership); the tracked headcount is 90.
| Name | Role | Group |
|---|---|---|
| Founder | Leadership |
Complete people profiles for SGFRL
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of SGFRL
SGFRL is a publicly listed company on the BSE with ticker symbol SGFRL in India, operating in the Industrial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date16 Nov 2021
- Listed onBSE: 543391
- Listed entitySuyog Gurbaxani Funicular Ropeways Limited
- Exchange sectorIndustrial services
- ISININE07GA01011
- Share price₹79.00 (-1.25% on the day) · 2026-10-14
- Market capitalisation₹199 Cr
- Price to earnings38.1
- EPS (diluted, trailing year)₹2.07
- Dividend yield0.59%
- Volume (last session)3,000
Financials of SGFRL
Exchange-reported figures of Suyog Gurbaxani Funicular Ropeways Limited, the listed company behind SGFRL (BSE: SGFRL).
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Income statement | ||
| Revenue | 49.79 | 53.01 |
| Revenue growth | -6.1% | - |
| EBITDA | 24.54 | 17.52 |
| EBITDA margin | +49.3% | +33.1% |
| Profit before tax | 9.49 | 8.17 |
| Net profit | 5.94 | 8.70 |
| Net profit margin | +11.9% | +16.4% |
| EPS (₹) | 2.39 | 3.50 |
| Balance sheet | ||
| Total assets | 241 | 113 |
| Net worth | 40.76 | 24.47 |
| Total debt | 170 | 86.15 |
| Cash & bank | 0.50 | 0.16 |
| Net working capital | (5.79) | 54.14 |
| Cash flow | ||
| Cash from operations | 6.58 | 3.63 |
| Cash from investing | 7.92 | (0.08) |
| Cash from financing | (14.17) | (3.50) |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 47.16 | 53.01 | 63.12 | 18.01 | 8.05 | 4.47 | 13.19 |
| Revenue growth | -11.0% | -16.0% | +250.5% | +123.7% | +80.1% | -66.1% | - |
| EBITDA | 23.83 | 17.52 | 21.57 | 11.22 | 4.14 | 0.83 | 6.75 |
| EBITDA margin | +50.5% | +33.1% | +34.2% | +62.3% | +51.4% | +18.6% | +51.2% |
| Profit before tax | 10.34 | 8.17 | 7.83 | 0.02 | (6.94) | (7.96) | (1.88) |
| Net profit | 11.15 | 8.70 | 5.58 | 0.33 | (6.94) | (7.96) | (1.88) |
| Net profit margin | +23.6% | +16.4% | +8.8% | +1.8% | -86.2% | -178.1% | -14.3% |
| EPS (₹) | 4.48 | 3.50 | 2.25 | 0.13 | (2.79) | (3.91) | (0.93) |
| Balance sheet | |||||||
| Total assets | 138 | 113 | 105 | 78.72 | 80.76 | 84.94 | 86.12 |
| Net worth | 35.61 | 24.47 | 15.77 | 10.19 | 9.88 | 6.99 | 14.92 |
| Total debt | 100 | 86.15 | 86.93 | 65.98 | 67.92 | 74.77 | 67.87 |
| Cash & bank | 0.44 | 0.16 | 0.11 | 0.14 | 2.90 | 0.29 | 0.31 |
| Net working capital | 56.22 | 54.14 | 40.05 | 7.19 | 3.60 | 1.12 | (0.34) |
| Cash flow | |||||||
| Cash from operations | 13.47 | 3.63 | (13.82) | 1.03 | 3.71 | (5.96) | 6.13 |
| Cash from investing | (20.12) | (0.08) | (0.04) | (0.28) | 0.00 | (0.06) | (0.85) |
| Cash from financing | 6.93 | (3.50) | 13.84 | (3.51) | (1.11) | 6.00 | (5.33) |
Financial Statements
| Particulars | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Revenue | 49.79 | 53.01 |
| Revenue growth | -6.1% | - |
| Other income | 0.30 | 0.01 |
| Total expenses | 25.25 | 35.49 |
| Employee cost | 9.19 | 7.26 |
| EBITDA | 24.54 | 17.52 |
| EBITDA margin | +49.3% | +33.1% |
| Depreciation | 7.93 | 6.60 |
| Interest | 7.42 | 2.76 |
| Profit before tax | 9.49 | 8.17 |
| Tax | 3.55 | (0.53) |
| Net profit | 5.94 | 8.70 |
| Net profit margin | +11.9% | +16.4% |
| EPS (₹) | 2.39 | 3.50 |
| Particulars | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Equity & liabilities | ||
| Share capital | 24.86 | 24.86 |
| Reserves & surplus | 15.90 | (0.39) |
| Shareholders' funds (net worth) | 40.76 | 24.47 |
| Minority interest | 28.12 | 0.00 |
| Secured loans | 73.15 | 12.38 |
| Unsecured loans | 96.77 | 73.77 |
| Total debt | 170 | 86.15 |
| Total liabilities | 241 | 113 |
| Assets | ||
| Gross block | 248 | 98.70 |
| Net block | 195 | 53.60 |
| Capital work in progress | 41.14 | 0.00 |
| Investments | 0.00 | 0.00 |
| Inventories | 0.70 | 0.96 |
| Sundry debtors | 1.27 | 0.92 |
| Cash & bank balances | 0.50 | 0.16 |
| Loans & advances | 11.43 | 79.81 |
| Total current assets | 13.90 | 81.85 |
| Total current liabilities | 19.69 | 27.71 |
| Net working capital | (5.79) | 54.14 |
| Total assets | 241 | 113 |
| Particulars | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Opening cash | 0.16 | 0.11 |
| Net cash from operating activities | 6.58 | 3.63 |
| Net cash from investing activities | 7.92 | (0.08) |
| Net cash from financing activities | (14.17) | (3.50) |
| Net change in cash | 0.34 | 0.05 |
| Closing cash | 0.50 | 0.16 |
| Particulars | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Growth | ||
| Sales growth | -6.1% | - |
| EBITDA growth | +40.1% | - |
| PBT growth | +16.2% | +9997.0% |
| Net income growth | -31.7% | - |
| Profitability & leverage | ||
| Net income margin | +11.9% | +16.4% |
| Return on capital employed | +10.4% | +9.6% |
| Return on net worth | +18.2% | +35.5% |
| Debt / equity | 3.93 | 3.52 |
| Long-term debt / equity | 3.83 | 3.27 |
| Interest cover | 44.67 | 25.27 |
| Efficiency & per share | ||
| Fixed asset turnover | 0.29 | 0.54 |
| Inventory turnover | 59.99 | 55.22 |
| Debtors turnover | 45.47 | 57.62 |
| EPS (₹) | 2.39 | 3.50 |
| Dividend per share (₹) | 0.00 | 0.00 |
| Book value per share (₹) | 16.39 | 9.84 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 47.16 | 53.01 | 63.12 | 18.01 | 8.05 | 4.47 | 13.19 |
| Revenue growth | -11.0% | -16.0% | +250.5% | +123.7% | +80.1% | -66.1% | - |
| Other income | 0.11 | 0.01 | 0.05 | 0.02 | 0.01 | 0.00 | 0.00 |
| Total expenses | 23.33 | 35.49 | 41.55 | 6.79 | 3.91 | 3.64 | 6.44 |
| Employee cost | 8.64 | 7.26 | 4.99 | 3.65 | 1.79 | 1.67 | 2.58 |
| EBITDA | 23.83 | 17.52 | 21.57 | 11.22 | 4.14 | 0.83 | 6.75 |
| EBITDA margin | +50.5% | +33.1% | +34.2% | +62.3% | +51.4% | +18.6% | +51.2% |
| Depreciation | 6.60 | 6.60 | 6.65 | 6.64 | 6.65 | 6.71 | 6.70 |
| Interest | 7.00 | 2.76 | 7.14 | 4.58 | 4.44 | 2.08 | 1.93 |
| Profit before tax | 10.34 | 8.17 | 7.83 | 0.02 | (6.94) | (7.96) | (1.88) |
| Tax | (0.81) | (0.53) | 2.25 | (0.31) | 0.00 | 0.00 | 0.00 |
| Net profit | 11.15 | 8.70 | 5.58 | 0.33 | (6.94) | (7.96) | (1.88) |
| Net profit margin | +23.6% | +16.4% | +8.8% | +1.8% | -86.2% | -178.1% | -14.3% |
| EPS (₹) | 4.48 | 3.50 | 2.25 | 0.13 | (2.79) | (3.91) | (0.93) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 24.86 | 24.86 | 24.86 | 24.86 | 24.86 | 20.29 | 20.29 |
| Reserves & surplus | 10.75 | (0.39) | (9.09) | (14.67) | (14.98) | (13.30) | (5.37) |
| Shareholders' funds (net worth) | 35.61 | 24.47 | 15.77 | 10.19 | 9.88 | 6.99 | 14.92 |
| Secured loans | 73.15 | 12.38 | 18.14 | 60.54 | 62.48 | 71.73 | 67.87 |
| Unsecured loans | 26.88 | 73.77 | 68.79 | 5.44 | 5.44 | 3.04 | 0.00 |
| Total debt | 100 | 86.15 | 86.93 | 65.98 | 67.92 | 74.77 | 67.87 |
| Total liabilities | 138 | 113 | 105 | 78.72 | 80.76 | 84.94 | 86.12 |
| Assets | |||||||
| Gross block | 99.02 | 98.70 | 98.61 | 98.60 | 98.32 | 98.32 | 98.26 |
| Net block | 47.32 | 53.60 | 60.14 | 66.76 | 73.12 | 79.76 | 86.41 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 19.80 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 0.70 | 0.96 | 3.30 | 7.06 | 0.64 | 0.63 | 0.58 |
| Sundry debtors | 16.76 | 0.92 | 0.60 | 0.88 | 0.74 | 0.82 | 0.65 |
| Cash & bank balances | 0.44 | 0.16 | 0.11 | 0.14 | 2.90 | 0.29 | 0.31 |
| Loans & advances | 53.54 | 79.81 | 46.68 | 0.41 | 1.02 | 0.64 | 0.71 |
| Total current assets | 71.44 | 81.85 | 50.69 | 8.49 | 5.30 | 2.38 | 2.25 |
| Total current liabilities | 15.22 | 27.71 | 10.64 | 1.30 | 1.70 | 1.26 | 2.59 |
| Net working capital | 56.22 | 54.14 | 40.05 | 7.19 | 3.60 | 1.12 | (0.34) |
| Total assets | 138 | 113 | 105 | 78.72 | 80.76 | 84.94 | 86.12 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.16 | 0.11 | 0.14 | 2.90 | 0.29 | 0.31 | 0.37 |
| Net cash from operating activities | 13.47 | 3.63 | (13.82) | 1.03 | 3.71 | (5.96) | 6.13 |
| Net cash from investing activities | (20.12) | (0.08) | (0.04) | (0.28) | 0.00 | (0.06) | (0.85) |
| Net cash from financing activities | 6.93 | (3.50) | 13.84 | (3.51) | (1.11) | 6.00 | (5.33) |
| Net change in cash | 0.28 | 0.05 | (0.02) | (2.76) | 2.60 | (0.02) | (0.05) |
| Closing cash | 0.44 | 0.16 | 0.11 | 0.14 | 2.90 | 0.29 | 0.31 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -11.0% | -16.0% | +250.5% | +123.7% | +80.1% | -66.1% | - |
| EBITDA growth | +36.0% | -18.8% | +92.3% | +171.0% | +398.8% | -87.7% | - |
| PBT growth | +26.6% | +4.3% | - | +9998.0% | +12.8% | -323.4% | +46.1% |
| Net income growth | +28.2% | +55.9% | +1590.9% | +104.8% | +12.8% | -323.4% | - |
| Revenue CAGR (3Y) | +37.8% | +87.4% | +141.7% | +10.9% | +0.6% | - | - |
| EBITDA CAGR (3Y) | +28.5% | +61.8% | +196.2% | +18.5% | +7.5% | - | - |
| Profitability & leverage | |||||||
| Net income margin | +23.6% | +16.4% | +8.8% | +1.8% | -86.2% | -178.1% | -14.3% |
| Return on capital employed | +13.5% | +9.8% | +16.3% | +5.7% | -3.0% | -6.8% | 0.0% |
| Return on net worth | +33.9% | +37.9% | +43.1% | +3.1% | -82.3% | -72.4% | 0.0% |
| Debt / equity | 3.10 | 4.30 | 5.89 | 6.67 | 8.46 | 6.51 | 4.39 |
| Long-term debt / equity | 3.00 | 3.97 | 5.40 | 6.13 | 7.96 | 6.18 | 4.12 |
| Interest cover | 40.63 | 25.27 | 47.86 | 100.00 | -176.89 | -35.37 | 3,860.00 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.48 | 0.54 | 0.64 | 0.18 | 0.08 | 0.05 | 0.13 |
| Inventory turnover | 56.82 | 24.89 | 12.19 | 4.68 | 12.68 | 7.39 | 21.62 |
| Debtors turnover | 5.33 | 69.75 | 85.30 | 22.23 | 10.32 | 6.08 | 27.20 |
| EPS (₹) | 4.48 | 3.50 | 2.25 | 0.13 | (2.79) | (3.91) | (0.93) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 14.32 | 9.84 | 6.35 | 4.10 | 3.97 | 3.44 | 7.36 |
Web traffic of SGFRL
The website of SGFRL (sgfrl.com) receives about 2.4K visits a month.
- Monthly visits2.4K
▲ 115.8% vs previous month
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Frequently Asked Questions about SGFRL
SGFRL was founded in 2010.
SGFRL is headquartered in Nashik, India. It is registered at Nashik, Maharashtra, India.
SGFRL has 90 employees.
The primary company behind SGFRL, Suyog Gurbaxani Funicular Ropeways Limited, reported revenue of ₹50.09 Cr for FY 2026, down 6% year on year.
SGFRL was established in 2010 in Nashik, India, as a provider of travel services. Operations are centered on facilitating travel arrangements through the domain sgfrl.com. The company functions within the travel sector, offering services such as bookings and related support to clients. Founded by Rajkumar Gurbaxani, who holds DIN 00324101 and PAN ABQPG8849N, it maintains a base in the Indian market with focus on regional activities.
SGFRL offers Funicular Ropeway and Accommodation Services.
Yes, SGFRL is publicly traded on BSE under the ticker symbol SGFRL.
SGFRL operates through Suyog Gurbaxani Funicular Ropeways Limited.
The legal entities of SGFRL currently have 11 directors, including Shivshankar Gurushantappa Lature, Rajkumar Dwarkadas Gurbaxani, Omprakash Dwarkadas Gurbaxani and others.