Suraj Estate Developers

Mumbai, India Founded: 1986 • Age: 40 yrs Listed
Residential and commercial properties are developed by Suraj Estate Developers.

About Suraj Estate Developers

Suraj Estate Developers is a publicly listed company based in Mumbai (India) founded in 1986. Residential and commercial properties are developed by Suraj Estate Developers. The company has 11 employees. Its Indian entity Suraj Estate Developers Limited reported revenue of ₹561 Cr. Suraj Estate Developers offers products and services including Luxury Apartments, Commercial Projects, and Sea-view Residences. Its focus areas include Real Estate and Construction, Real Estate & Infrastructure Developers and Diversified. Its competitors include Lodha Group and Godrej Properties.

Company details

Suraj Estate Developers was established in 1986 in Mumbai, India. Operations are centered on the real estate sector, where residential and commercial properties are developed. Services encompass project planning, construction, and management for various urban developments. The company maintains its headquarters in Mumbai, with activities primarily conducted within the Indian market to address local housing and commercial needs.

Key Metrics
  • Market Cap
    ₹892 Cr

    SURAJEST · NSE

  • Share Price
    ₹184.26

    -1.30% today

  • Revenue
    ₹556 Cr

    FY 2025-26 · +1.2% YoY

  • EBITDA
    ₹218 Cr

    Margin 39.2%

  • Net Profit
    ₹90.28 Cr

    FY 2025-26 · -8.9% YoY

  • P/E (TTM)
    10.1x

    P/B 1.0x

  • Employee Count
    11

Products & Services of Suraj Estate Developers

Suraj Estate Developers offers a comprehensive portfolio of products and services, including Luxury Apartments, Commercial Projects, and Sea-view Residences.

Luxury Apartments
Residential Real Estate

High-end apartments with sea views and premium amenities in Mumbai.

Commercial Projects
Commercial Real Estate

Office and retail spaces designed for modern business needs.

Sea-view Residences
Luxury Real Estate

Exclusive homes offering serene views and high-end features.

Apps and channels of Suraj Estate Developers

its YouTube channel Suraj Estate Developers Limited has 295 subscribers and 17 videos.

Suraj Estate Developers Limited
YouTube 295 subscribers 17 videos Nonprofits & Activism
Open channel

Videos from Suraj Estate Developers

The most watched videos on Suraj Estate Developers's YouTube channel, Suraj Estate Developers Limited (295 subscribers). Click a video to play it here.

The Palette by Suraj
47.7K views
Walk Through of The Palette at Dadar West - By Suraj Estate Developers
11.8K views
3 BHK apartments at The Palette by Suraj Estate Developers
4.5K views
Suraj Emmanuel Walkthrough
3.8K views

More on Suraj Estate Developers Limited.

Board of directors of Suraj Estate Developers Limited (Suraj Estate Developers)

Suraj Estate Developers Limited is the primary company behind Suraj Estate Developers. The boards of the 3 registered companies of Suraj Estate Developers currently have 11 directors; the longest-serving is Rajan Meenathakonil Thomas, appointed in 1986. 16 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Rajan Meenathakonil Thomas
DIN 00634576
Managing Director10 Sep 198640 yrs 1 moSuraj Estate Developers Limited, Accord Estates Pvt Ltd
Sujatha R Thomas
DIN 02492141
Director10 Sep 198640 yrs 1 moSuraj Estate Developers Limited, Accord Estates Pvt Ltd
Rahul Rajan Jesu Thomas
DIN 00318419
Whole-time director18 Aug 200620 yrs 2 moSuraj Estate Developers Limited, Accord Estates Pvt Ltd
Ashish Khemka
DIN 01193120
Director18 Oct 20197 yrsSuraj Builder India Private Limited
Satyendra Shridhar Nayak
DIN 08194706
Director03 Dec 20214 yrs 10 moSuraj Estate Developers Limited, Accord Estates Pvt Ltd
Sunil Pant
DIN 07068748
Director03 Dec 20214 yrs 10 moSuraj Estate Developers Limited
Sunil Kumar Agarwal
DIN 10281105
Director28 Dec 20232 yrs 9 moSuraj Builder India Private Limited
Elizabeth Lavanya Thomas
DIN 09503741
Director08 Jan 20251 yr 9 moSuraj Estate Developers Limited
Jitendra Shantilal Mehta
DIN 00359501
Director08 Jan 20251 yr 9 moSuraj Estate Developers Limited
Vinod Prabhudas Chithore
DIN 10829556
Director08 Jan 20251 yr 9 moSuraj Estate Developers Limited
Ananta Singh Raghuvanshi
DIN 02128559
Director10 Sep 20251 yr 1 moSuraj Estate Developers Limited

People of Suraj Estate Developers

16 people are tracked at Suraj Estate Developers (7 in leadership, 9 in team); the tracked headcount is 11.

NameRoleGroup
Nirmal Raghwa
Deputy General ManagerLeadership
Sunny Soni
Vice President & Business Head (sales)Leadership
Executive DirectorLeadership
Palak Dani Mansotra
Chief Marketing OfficerLeadership
Chairman & Managing DirectorLeadership
Shreepal Shah
Chief Financial OfficerLeadership
Kaustubhi Kale
Assistant General Manager MarketingLeadership
Parth Shah
AGMTeam
Ambika Basutkar
Senior Human Resources ManagerTeam
Priti Bipalliwar
Civil EngineerTeam
Yash Mehta
Sales ManagerTeam
Nikhil Kapse
Senior ManagerTeam
Pradnya Dumbre
Sr Manager Pre-salesTeam
Rathika Mahakal
Procurement ManagerTeam
Sachin Mishra
Manager SalesTeam
Prashant Koli
Project ManagerTeam
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Complete people profiles for Suraj Estate Developers

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IPO & Listings of Suraj Estate Developers

Suraj Estate Developers is a publicly listed company on the NSE with ticker symbol SURAJEST 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 date26 Dec 2023
  • Listed onBSE: 544054 · NSE: SURAJEST
  • Listed entitySuraj Estate Developers Limited
  • Exchange sectorIndustrial services
  • ISININE843S01025
  • Share price₹204.24 (+0.59% on the day) · 2026-10-14
  • Market capitalisation₹971 Cr
  • Price to earnings10.4
  • EPS (diluted, trailing year)₹19.60
  • Volume (last session)7,809

Financials of Suraj Estate Developers

Exchange-reported figures of Suraj Estate Developers Limited, the listed company behind Suraj Estate Developers (NSE: SURAJEST).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹556 Cr
+1.2% YoY
EBITDA
₹218 Cr
+7.5% YoY
Profit After Tax
₹90.28 Cr
-8.9% YoY
Net Worth
₹993 Cr
+10.0% YoY
Total Assets
₹1,651 Cr
+20.2% YoY
Total Debt
₹645 Cr
+40.0% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue55654941230627324086.93
Revenue growth+1.2%+33.2%+34.8%+12.1%+13.6%+176.1%-
EBITDA21820323315113286.6466.55
EBITDA margin+39.2%+36.9%+56.5%+49.4%+48.3%+36.1%+76.6%
Profit before tax12613693.8643.2236.159.052.33
Net profit90.2899.1467.4832.1826.376.281.43
Net profit margin+16.2%+18.1%+16.4%+10.5%+9.7%+2.6%+1.7%
EPS (₹)19.5121.6515.7510.138.319.882.28
Balance sheet
Total assets1,6511,373965671694635526
Net worth99390351671.4039.1729.1523.01
Total debt645461441593649600500
Cash & bank49.7839.1611028.0223.5920.855.96
Net working capital1,5611,321908620671609500
Cash flow
Cash from operations(53.55)(306)9.0119069.76(14.93)(31.71)
Cash from investing(15.12)78.61(89.74)(27.12)(21.06)(6.84)(14.66)
Cash from financing94.4323870.21(157)(44.68)26.9644.81
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue14598.78180145132136170109
Revenue growth (YoY)+9.2%-27.6%+6.0%+32.5%-0.9%---
Other income1.522.191.430.860.670.681.980.55
EBITDA53.2849.8353.5864.7449.5930.1045.8163.44
EBITDA margin+36.8%+50.4%+29.8%+44.8%+37.4%+22.1%+27.0%+58.2%
Depreciation1.101.211.291.041.120.781.291.20
Interest22.3931.7919.5720.4720.654.0020.4919.08
Profit before tax31.3119.0234.1544.0928.4926.0026.0143.71
Tax8.468.268.9910.997.207.736.0311.89
Net profit22.8510.7625.1633.1021.2918.2719.9831.82
EPS (₹)4.942.325.297.054.533.544.207.43
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue40450737124620416458.04
Revenue growth-20.3%+36.7%+50.7%+20.3%+24.5%+183.0%-
EBITDA12214315813788.3868.2945.86
EBITDA margin+30.2%+28.3%+42.6%+55.7%+43.2%+41.6%+79.0%
Profit before tax10713198.5851.0820.468.601.42
Net profit76.8995.5071.3837.9614.896.140.96
Net profit margin+19.0%+18.8%+19.3%+15.4%+7.3%+3.7%+1.7%
EPS (₹)16.0920.2016.0911.424.479.211.43
Balance sheet
Total assets1,4611,285886486429384368
Net worth98490752474.2536.2421.3016.02
Total debt466369355407388358352
Cash & bank13.3332.3610823.0716.149.536.27
Net working capital782742559428389362353
Cash flow
Cash from operations(23.17)(275)(155)10152.9142.70(37.98)
Cash from investing(8.29)38.26(91.58)(26.58)(17.95)4.01(6.94)
Cash from financing28.34243240(65.22)(33.68)(47.16)42.55
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue86.3849.1087.04141127130142104
Revenue growth (YoY)-31.9%-62.3%-38.8%+35.2%-2.4%---
Other income16.4616.3415.5014.9914.1415.3913.299.54
Total expenses56.6422.3375.7491.5592.2812510950.88
EBITDA29.7426.7711.3049.5334.605.2033.7553.46
EBITDA margin+34.4%+54.5%+13.0%+35.1%+27.3%+4.0%+23.7%+51.2%
Depreciation1.091.151.041.041.041.181.291.20
Interest16.6326.7514.1115.2915.935.3816.7717.37
Profit before tax28.4815.2111.6548.1931.7714.0328.9844.43
Tax7.576.932.9312.108.004.476.8612.10

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 22 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue14598.78180145132136170109
Revenue growth (YoY)+9.2%-27.6%+6.0%+32.5%-0.9%---
Other income1.522.191.430.860.670.681.980.55
EBITDA53.2849.8353.5864.7449.5930.1045.8163.44
EBITDA margin+36.8%+50.4%+29.8%+44.8%+37.4%+22.1%+27.0%+58.2%
Depreciation1.101.211.291.041.120.781.291.20
Interest22.3931.7919.5720.4720.654.0020.4919.08
Profit before tax31.3119.0234.1544.0928.4926.0026.0143.71
Tax8.468.268.9910.997.207.736.0311.89
Net profit22.8510.7625.1633.1021.2918.2719.9831.82
EPS (₹)4.942.325.297.054.533.544.207.43
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue55654941230627324086.93
Revenue growth+1.2%+33.2%+34.8%+12.1%+13.6%+176.1%-
Other income5.154.083.492.151.194.012.02
Total expenses33834617915514115320.38
Employee cost0.0024.2614.4911.609.747.616.42
EBITDA21820323315113286.6466.55
EBITDA margin+39.2%+36.9%+56.5%+49.4%+48.3%+36.1%+76.6%
Depreciation4.674.973.662.583.682.391.78
Interest92.4865.7013910793.1079.2164.46
Profit before tax12613693.8643.2236.159.052.33
Tax35.4435.9126.3811.159.652.770.81
Net profit90.2899.1467.4832.1826.376.281.43
Net profit margin+16.2%+18.1%+16.4%+10.5%+9.7%+2.6%+1.7%
EPS (₹)19.5121.6515.7510.138.319.882.28
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital23.1423.1421.4315.8815.886.356.35
Reserves & surplus92083049555.5223.2922.8016.66
Shareholders' funds (net worth)99390351671.4039.1729.1523.01
Minority interest0.030.030.030.120.220.220.22
Secured loans577402370523574545453
Unsecured loans67.9159.3770.8470.4575.1055.3847.28
Total debt645461441593649600500
Total liabilities1,6511,373965671694635526
Assets
Gross block91.9758.2953.9829.0828.3124.1327.02
Net block65.8636.8537.5115.8317.6519.1521.77
Capital work in progress0.190.000.000.000.002.010.00
Investments4.132.901.458.850.111.110.11
Inventories945904739652621565544
Sundry debtors11756.5410777.2493.2380.6642.25
Cash & bank balances49.7839.1611028.0223.5920.855.96
Loans & advances75969527819610399.3890.86
Total current assets1,8711,6951,234953841766683
Total current liabilities310373325334170157183
Net working capital1,5611,321908620671609500
Total assets1,6511,373965671694635526
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash11.341.2911.816.132.122.363.92
Net cash from operating activities(53.55)(306)9.0119069.76(14.93)(31.71)
Net cash from investing activities(15.12)78.61(89.74)(27.12)(21.06)(6.84)(14.66)
Net cash from financing activities94.4323870.21(157)(44.68)26.9644.81
Net change in cash25.7610.05(10.52)5.684.015.19(1.56)
Closing cash49.7839.1611028.0223.5920.855.96
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+1.2%+33.2%+34.8%+12.1%+13.6%+176.1%-
EBITDA growth+7.5%-13.0%+54.3%+14.6%+52.1%+30.2%-
PBT growth-7.6%+45.0%+117.2%+19.6%+299.5%+288.4%+7.9%
Net income growth-8.9%+46.9%+109.7%+22.0%+319.9%+339.2%-
Revenue CAGR (3Y)+22.1%+26.3%+19.8%+52.1%+99.1%--
EBITDA CAGR (3Y)+13.0%+15.4%+39.1%+31.4%+34.3%--
Profitability & leverage
Net income margin+16.3%+18.2%+16.4%+10.5%+9.7%+2.6%+1.8%
Return on capital employed-+17.3%+28.5%+22.1%+19.5%+15.2%+14.5%
Return on net worth-+14.1%+23.0%+58.0%+77.6%+24.1%+6.8%
Debt / equity-0.641.7611.2418.2921.1119.57
Long-term debt / equity-0.421.006.7212.6016.7415.97
Interest cover43.4033.2460.5872.3372.7094.0299.52
Efficiency & per share
Fixed asset turnover-9.789.9310.6510.409.384.82
Inventory turnover-0.670.590.480.460.430.17
Debtors turnover-6.734.483.593.143.912.43
EPS (₹)19.5121.6515.7510.138.319.882.28
Dividend per share (₹)0.000.001.000.000.000.000.00
Book value per share (₹)0.00184.30120.4322.4912.3345.9036.24
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue86.3849.1087.04141127130142104
Revenue growth (YoY)-31.9%-62.3%-38.8%+35.2%-2.4%---
Other income16.4616.3415.5014.9914.1415.3913.299.54
Total expenses56.6422.3375.7491.5592.2812510950.88
EBITDA29.7426.7711.3049.5334.605.2033.7553.46
EBITDA margin+34.4%+54.5%+13.0%+35.1%+27.3%+4.0%+23.7%+51.2%
Depreciation1.091.151.041.041.041.181.291.20
Interest16.6326.7514.1115.2915.935.3816.7717.37
Profit before tax28.4815.2111.6548.1931.7714.0328.9844.43
Tax7.576.932.9312.108.004.476.8612.10
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue40450737124620416458.04
Revenue growth-20.3%+36.7%+50.7%+20.3%+24.5%+183.0%-
Other income60.9746.4416.061.111.162.031.03
Total expenses28236321310911695.9612.18
Employee cost0.0017.397.916.475.076.835.52
EBITDA12214315813788.3868.2945.86
EBITDA margin+30.2%+28.3%+42.6%+55.7%+43.2%+41.6%+79.0%
Depreciation4.274.632.281.862.222.380.92
Interest72.0754.3673.2485.2366.8659.3444.55
Profit before tax10713198.5851.0820.468.601.42
Tax29.9534.3727.1813.135.572.460.46
Net profit76.8995.5071.3837.9614.896.140.96
Net profit margin+19.0%+18.8%+19.3%+15.4%+7.3%+3.7%+1.7%
EPS (₹)16.0920.2016.0911.424.479.211.43
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital23.8923.8922.1816.6316.636.656.65
Reserves & surplus91083350257.6219.6114.659.37
Shareholders' funds (net worth)98490752474.2536.2421.3016.02
Secured loans409321302368307299289
Unsecured loans57.1948.0053.4339.0580.5758.4663.32
Total debt466369355407388358352
Total liabilities1,4611,285886486429384368
Assets
Gross block46.5744.1039.7914.4413.699.528.41
Net block24.7526.5526.873.804.914.984.82
Capital work in progress0.190.000.000.000.002.010.00
Investments12352.7637.2131.3329.9211.768.25
Inventories404432451438395357386
Sundry debtors10447.7186.0363.4169.6966.5530.28
Cash & bank balances13.3332.3610823.0716.149.536.27
Loans & advances52056320218142.9135.5946.52
Total current assets1,0421,075847706524468469
Total current liabilities261333288278135106116
Net working capital782742559428389362353
Total assets1,4611,285886486429384368
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash9.112.549.480.70(0.57)1.793.99
Net cash from operating activities(23.17)(275)(155)10152.9142.70(37.98)
Net cash from investing activities(8.29)38.26(91.58)(26.58)(17.95)4.01(6.94)
Net cash from financing activities28.34243240(65.22)(33.68)(47.16)42.55
Net change in cash(3.12)6.56(6.94)8.781.28(0.45)(2.37)
Closing cash13.3332.3610823.0716.149.536.27
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-20.3%+36.7%+50.7%+20.3%+24.5%+183.0%-
EBITDA growth-14.8%-9.2%+15.3%+55.1%+29.4%+48.9%-
PBT growth-18.4%+32.8%+93.0%+149.7%+137.9%+505.6%+9997.0%
Net income growth-19.5%+33.8%+88.0%+154.9%+142.5%+539.6%-
Revenue CAGR (3Y)+18.0%+35.3%+31.2%+61.8%---
EBITDA CAGR (3Y)-3.8%+17.5%+32.3%+44.0%---
Profitability & leverage
Net income margin+19.0%+19.0%+19.3%+15.4%+7.3%+3.7%+1.7%
Return on capital employed-+17.1%+25.0%+29.8%+21.5%+18.1%+12.5%
Return on net worth-+13.5%+23.9%+68.7%+51.7%+32.8%+5.9%
Debt / equity-0.511.277.1812.9319.0221.86
Long-term debt / equity-0.340.844.789.1514.9116.90
Interest cover61.1139.1647.0263.0477.6090.0399.13
Efficiency & per share
Fixed asset turnover-12.0813.6820.4621.3718.326.90
Inventory turnover-1.150.830.590.540.440.15
Debtors turnover-7.584.963.703.003.391.92
EPS (₹)16.0920.2016.0911.424.479.211.43
Dividend per share (₹)0.000.001.000.000.000.000.00
Book value per share (₹)0.00179.36118.0822.3310.9032.0324.08

Competitors of Suraj Estate Developers

Suraj Estate Developers has 2 listed competitors in our database. They include Lodha Group and Godrej Properties.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
lodhagroup.com1980Mumbai, India4,846
Developer of residential and commercial real estate properties
godrejproperties.com1990Mumbai, India408
Residential and commercial properties are developed by Godrej Properties.
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Web traffic of Suraj Estate Developers

The website of Suraj Estate Developers (surajestate.com) receives about 3.1K visits a month.

  • Monthly visits
    3.1K

    ▲ 45.1% vs previous month

Top companies in Real Estate Developers & Builders

3 companies that operate in the same segment as Suraj Estate Developers (Real Estate Developers & Builders) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Developer of luxury residential properties
1992Mumbai, Maharashtra, IndiaUSD 158.42 MUSD 55.39 M1,046
Residential and commercial properties are developed by Godrej Properties.
1990Mumbai, Maharashtra, IndiaUSD 546.88 M6,030
Premium residential building development services are provided.
1980Mumbai, Maharashtra, IndiaUSD 152.4 MUSD 658.36 M1,480
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Frequently Asked Questions about Suraj Estate Developers

Suraj Estate Developers was founded in 1986.

Suraj Estate Developers is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

Suraj Estate Developers has 11 employees.

The primary company behind Suraj Estate Developers, Suraj Estate Developers Limited, reported revenue of ₹561 Cr for FY 2026, up 1% year on year.

Suraj Estate Developers was established in 1986 in Mumbai, India. Operations are centered on the real estate sector, where residential and commercial properties are developed. Services encompass project planning, construction, and management for various urban developments. The company maintains its headquarters in Mumbai, with activities primarily conducted within the Indian market to address local housing and commercial needs.

Suraj Estate Developers's top competitors include Godrej Properties and Lodha Group.

Suraj Estate Developers offers Luxury Apartments, Commercial Projects, and Sea-view Residences.

Yes, Suraj Estate Developers is publicly traded on NSE under the ticker symbol SURAJEST.

Suraj Estate Developers is associated with 3 legal entities: Suraj Estate Developers Limited, Suraj Builder India Private Limited, Accord Estates Pvt Ltd.

The legal entities of Suraj Estate Developers currently have 14 directors, including Ashish Khemka, Sunil Kumar Agarwal, Rajan Meenathakonil Thomas and others.

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