
About Suraj Estate Developers Limited
Data last updated:
Suraj Estate Developers Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 10 September 1986 and has been in existence for over 40 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L99999MH1986PLC040873. Its GSTIN is 27AAACS8375H1Z0 (Maharashtra). Its shares are listed on BSE: 544054 and NSE: SURAJEST.
The company has an authorised share capital of ₹34 Cr and a paid-up capital of ₹23.89 Cr. It was formerly known as Suraj Estate Developers Pvt. Ltd. It is led by directors including Rajan Meenathakonil Thomas (Managing Director) and Rahul Rajan Jesu Thomas (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 301 3rd Floor Aman Chambers Veer Savarkar Marg Opp. Bengal Chemicals Prabhadevi, Mumbai, Maharashtra, India – 400025.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹555.86 Cr, a growth of 1.2% compared to the previous year. For the same year it recorded a net profit of ₹90.28 Cr (net margin 16.2%) and EBITDA of ₹217.74 Cr (EBITDA margin 39.2%). The net worth stands at ₹993.05 Cr (up 10% YoY). Total assets are valued at ₹1,651.09 Cr (up 20.2% YoY).
The company has about 11 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
The company is associated with 2 brands: Suraj Eterna and Suraj Estate Developers. As per MCA filings, the company has open charges of ₹896 Cr and satisfied charges of ₹1,820.87 Cr on record. Court records list 132 cases involving the company, including 50 filed by the company and 82 filed against it; 14 cases are pending. The company has 18 deals on record (10 market trades, 5 debt financings, 1 funding round), with disclosed funding of ₹830.39 Cr; the latest was in April 2026. Its 3 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings) are compared by revenue, 1 larger and 2 smaller; the largest is Nirala Infratech Private Limited with revenue of ₹556.53 Cr. The company has 10 MSME Form 1 returns on record between 2019 and 2023, listing 46 overdue payments to 10 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website surajestate.com.
CIN History
Suraj Estate Developers has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L99999MH1986PLC040873, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L99999MH1986PLC040873 | Current |
| U99999MH1986PLC040873 | Previous |
| U99999MH1986PTC040873 | Previous |
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address301 3rd Floor Aman Chambers Veer Savarkar Marg Opp. Bengal Chemicals Prabhadevi, Mumbai, Maharashtra, India – 400025
- IndustryReal Estate and Construction, Real Estate Builders & Developers
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Associated Brands
Suraj Estate Developers operates two associated brands: Suraj Eterna and Suraj Estate Developers. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Develops and sells luxury 1 and 2 BHK apartments in Mumbai's prime locations. | surajeterna.com | |
| Residential and commercial properties are developed by Suraj Estate Developers. | surajestate.com |
Business Activity
The main business activity of Suraj Estate Developers is construction. In detail, this covers buildings.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F1 | Buildings | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Financials of Suraj Estate Developers Limited
FY 2025-26 filings availableSuraj Estate Developers Limited reported revenue of ₹555.86 Cr (up 1.2% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| 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 | 556 | 549 | 412 | 306 | 273 | 240 | 86.93 |
| Revenue growth | +1.2% | +33.2% | +34.8% | +12.1% | +13.6% | +176.1% | - |
| EBITDA | 218 | 203 | 233 | 151 | 132 | 86.64 | 66.55 |
| EBITDA margin | +39.2% | +36.9% | +56.5% | +49.4% | +48.3% | +36.1% | +76.6% |
| Profit before tax | 126 | 136 | 93.86 | 43.22 | 36.15 | 9.05 | 2.33 |
| Net profit | 90.28 | 99.14 | 67.48 | 32.18 | 26.37 | 6.28 | 1.43 |
| Net profit margin | +16.2% | +18.1% | +16.4% | +10.5% | +9.7% | +2.6% | +1.7% |
| EPS (₹) | 19.51 | 21.65 | 15.75 | 10.13 | 8.31 | 9.88 | 2.28 |
| Balance sheet | |||||||
| Total assets | 1,651 | 1,373 | 965 | 671 | 694 | 635 | 526 |
| Net worth | 993 | 903 | 516 | 71.40 | 39.17 | 29.15 | 23.01 |
| Total debt | 645 | 461 | 441 | 593 | 649 | 600 | 500 |
| Cash & bank | 49.78 | 39.16 | 110 | 28.02 | 23.59 | 20.85 | 5.96 |
| Net working capital | 1,561 | 1,321 | 908 | 620 | 671 | 609 | 500 |
| Cash flow | |||||||
| Cash from operations | (53.55) | (306) | 9.01 | 190 | 69.76 | (14.93) | (31.71) |
| Cash from investing | (15.12) | 78.61 | (89.74) | (27.12) | (21.06) | (6.84) | (14.66) |
| Cash from financing | 94.43 | 238 | 70.21 | (157) | (44.68) | 26.96 | 44.81 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 145 | 98.78 | 180 | 145 | 132 | 136 | 170 | 109 |
| Revenue growth (YoY) | +9.2% | -27.6% | +6.0% | +32.5% | -0.9% | - | - | - |
| Other income | 1.52 | 2.19 | 1.43 | 0.86 | 0.67 | 0.68 | 1.98 | 0.55 |
| EBITDA | 53.28 | 49.83 | 53.58 | 64.74 | 49.59 | 30.10 | 45.81 | 63.44 |
| EBITDA margin | +36.8% | +50.4% | +29.8% | +44.8% | +37.4% | +22.1% | +27.0% | +58.2% |
| Depreciation | 1.10 | 1.21 | 1.29 | 1.04 | 1.12 | 0.78 | 1.29 | 1.20 |
| Interest | 22.39 | 31.79 | 19.57 | 20.47 | 20.65 | 4.00 | 20.49 | 19.08 |
| Profit before tax | 31.31 | 19.02 | 34.15 | 44.09 | 28.49 | 26.00 | 26.01 | 43.71 |
| Tax | 8.46 | 8.26 | 8.99 | 10.99 | 7.20 | 7.73 | 6.03 | 11.89 |
| Net profit | 22.85 | 10.76 | 25.16 | 33.10 | 21.29 | 18.27 | 19.98 | 31.82 |
| EPS (₹) | 4.94 | 2.32 | 5.29 | 7.05 | 4.53 | 3.54 | 4.20 | 7.43 |
| 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 | 404 | 507 | 371 | 246 | 204 | 164 | 58.04 |
| Revenue growth | -20.3% | +36.7% | +50.7% | +20.3% | +24.5% | +183.0% | - |
| EBITDA | 122 | 143 | 158 | 137 | 88.38 | 68.29 | 45.86 |
| EBITDA margin | +30.2% | +28.3% | +42.6% | +55.7% | +43.2% | +41.6% | +79.0% |
| Profit before tax | 107 | 131 | 98.58 | 51.08 | 20.46 | 8.60 | 1.42 |
| Net profit | 76.89 | 95.50 | 71.38 | 37.96 | 14.89 | 6.14 | 0.96 |
| Net profit margin | +19.0% | +18.8% | +19.3% | +15.4% | +7.3% | +3.7% | +1.7% |
| EPS (₹) | 16.09 | 20.20 | 16.09 | 11.42 | 4.47 | 9.21 | 1.43 |
| Balance sheet | |||||||
| Total assets | 1,461 | 1,285 | 886 | 486 | 429 | 384 | 368 |
| Net worth | 984 | 907 | 524 | 74.25 | 36.24 | 21.30 | 16.02 |
| Total debt | 466 | 369 | 355 | 407 | 388 | 358 | 352 |
| Cash & bank | 13.33 | 32.36 | 108 | 23.07 | 16.14 | 9.53 | 6.27 |
| Net working capital | 782 | 742 | 559 | 428 | 389 | 362 | 353 |
| Cash flow | |||||||
| Cash from operations | (23.17) | (275) | (155) | 101 | 52.91 | 42.70 | (37.98) |
| Cash from investing | (8.29) | 38.26 | (91.58) | (26.58) | (17.95) | 4.01 | (6.94) |
| Cash from financing | 28.34 | 243 | 240 | (65.22) | (33.68) | (47.16) | 42.55 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 86.38 | 49.10 | 87.04 | 141 | 127 | 130 | 142 | 104 |
| Revenue growth (YoY) | -31.9% | -62.3% | -38.8% | +35.2% | -2.4% | - | - | - |
| Other income | 16.46 | 16.34 | 15.50 | 14.99 | 14.14 | 15.39 | 13.29 | 9.54 |
| Total expenses | 56.64 | 22.33 | 75.74 | 91.55 | 92.28 | 125 | 109 | 50.88 |
| EBITDA | 29.74 | 26.77 | 11.30 | 49.53 | 34.60 | 5.20 | 33.75 | 53.46 |
| EBITDA margin | +34.4% | +54.5% | +13.0% | +35.1% | +27.3% | +4.0% | +23.7% | +51.2% |
| Depreciation | 1.09 | 1.15 | 1.04 | 1.04 | 1.04 | 1.18 | 1.29 | 1.20 |
| Interest | 16.63 | 26.75 | 14.11 | 15.29 | 15.93 | 5.38 | 16.77 | 17.37 |
| Profit before tax | 28.48 | 15.21 | 11.65 | 48.19 | 31.77 | 14.03 | 28.98 | 44.43 |
| Tax | 7.57 | 6.93 | 2.93 | 12.10 | 8.00 | 4.47 | 6.86 | 12.10 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 145 | 98.78 | 180 | 145 | 132 | 136 | 170 | 109 |
| Revenue growth (YoY) | +9.2% | -27.6% | +6.0% | +32.5% | -0.9% | - | - | - |
| Other income | 1.52 | 2.19 | 1.43 | 0.86 | 0.67 | 0.68 | 1.98 | 0.55 |
| EBITDA | 53.28 | 49.83 | 53.58 | 64.74 | 49.59 | 30.10 | 45.81 | 63.44 |
| EBITDA margin | +36.8% | +50.4% | +29.8% | +44.8% | +37.4% | +22.1% | +27.0% | +58.2% |
| Depreciation | 1.10 | 1.21 | 1.29 | 1.04 | 1.12 | 0.78 | 1.29 | 1.20 |
| Interest | 22.39 | 31.79 | 19.57 | 20.47 | 20.65 | 4.00 | 20.49 | 19.08 |
| Profit before tax | 31.31 | 19.02 | 34.15 | 44.09 | 28.49 | 26.00 | 26.01 | 43.71 |
| Tax | 8.46 | 8.26 | 8.99 | 10.99 | 7.20 | 7.73 | 6.03 | 11.89 |
| Net profit | 22.85 | 10.76 | 25.16 | 33.10 | 21.29 | 18.27 | 19.98 | 31.82 |
| EPS (₹) | 4.94 | 2.32 | 5.29 | 7.05 | 4.53 | 3.54 | 4.20 | 7.43 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 556 | 549 | 412 | 306 | 273 | 240 | 86.93 |
| Revenue growth | +1.2% | +33.2% | +34.8% | +12.1% | +13.6% | +176.1% | - |
| Other income | 5.15 | 4.08 | 3.49 | 2.15 | 1.19 | 4.01 | 2.02 |
| Total expenses | 338 | 346 | 179 | 155 | 141 | 153 | 20.38 |
| Employee cost | 0.00 | 24.26 | 14.49 | 11.60 | 9.74 | 7.61 | 6.42 |
| EBITDA | 218 | 203 | 233 | 151 | 132 | 86.64 | 66.55 |
| EBITDA margin | +39.2% | +36.9% | +56.5% | +49.4% | +48.3% | +36.1% | +76.6% |
| Depreciation | 4.67 | 4.97 | 3.66 | 2.58 | 3.68 | 2.39 | 1.78 |
| Interest | 92.48 | 65.70 | 139 | 107 | 93.10 | 79.21 | 64.46 |
| Profit before tax | 126 | 136 | 93.86 | 43.22 | 36.15 | 9.05 | 2.33 |
| Tax | 35.44 | 35.91 | 26.38 | 11.15 | 9.65 | 2.77 | 0.81 |
| Net profit | 90.28 | 99.14 | 67.48 | 32.18 | 26.37 | 6.28 | 1.43 |
| Net profit margin | +16.2% | +18.1% | +16.4% | +10.5% | +9.7% | +2.6% | +1.7% |
| EPS (₹) | 19.51 | 21.65 | 15.75 | 10.13 | 8.31 | 9.88 | 2.28 |
| 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 | 23.14 | 23.14 | 21.43 | 15.88 | 15.88 | 6.35 | 6.35 |
| Reserves & surplus | 920 | 830 | 495 | 55.52 | 23.29 | 22.80 | 16.66 |
| Shareholders' funds (net worth) | 993 | 903 | 516 | 71.40 | 39.17 | 29.15 | 23.01 |
| Minority interest | 0.03 | 0.03 | 0.03 | 0.12 | 0.22 | 0.22 | 0.22 |
| Secured loans | 577 | 402 | 370 | 523 | 574 | 545 | 453 |
| Unsecured loans | 67.91 | 59.37 | 70.84 | 70.45 | 75.10 | 55.38 | 47.28 |
| Total debt | 645 | 461 | 441 | 593 | 649 | 600 | 500 |
| Total liabilities | 1,651 | 1,373 | 965 | 671 | 694 | 635 | 526 |
| Assets | |||||||
| Gross block | 91.97 | 58.29 | 53.98 | 29.08 | 28.31 | 24.13 | 27.02 |
| Net block | 65.86 | 36.85 | 37.51 | 15.83 | 17.65 | 19.15 | 21.77 |
| Capital work in progress | 0.19 | 0.00 | 0.00 | 0.00 | 0.00 | 2.01 | 0.00 |
| Investments | 4.13 | 2.90 | 1.45 | 8.85 | 0.11 | 1.11 | 0.11 |
| Inventories | 945 | 904 | 739 | 652 | 621 | 565 | 544 |
| Sundry debtors | 117 | 56.54 | 107 | 77.24 | 93.23 | 80.66 | 42.25 |
| Cash & bank balances | 49.78 | 39.16 | 110 | 28.02 | 23.59 | 20.85 | 5.96 |
| Loans & advances | 759 | 695 | 278 | 196 | 103 | 99.38 | 90.86 |
| Total current assets | 1,871 | 1,695 | 1,234 | 953 | 841 | 766 | 683 |
| Total current liabilities | 310 | 373 | 325 | 334 | 170 | 157 | 183 |
| Net working capital | 1,561 | 1,321 | 908 | 620 | 671 | 609 | 500 |
| Total assets | 1,651 | 1,373 | 965 | 671 | 694 | 635 | 526 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 11.34 | 1.29 | 11.81 | 6.13 | 2.12 | 2.36 | 3.92 |
| Net cash from operating activities | (53.55) | (306) | 9.01 | 190 | 69.76 | (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 activities | 94.43 | 238 | 70.21 | (157) | (44.68) | 26.96 | 44.81 |
| Net change in cash | 25.76 | 10.05 | (10.52) | 5.68 | 4.01 | 5.19 | (1.56) |
| Closing cash | 49.78 | 39.16 | 110 | 28.02 | 23.59 | 20.85 | 5.96 |
| 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 | +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 | - | 0.64 | 1.76 | 11.24 | 18.29 | 21.11 | 19.57 |
| Long-term debt / equity | - | 0.42 | 1.00 | 6.72 | 12.60 | 16.74 | 15.97 |
| Interest cover | 43.40 | 33.24 | 60.58 | 72.33 | 72.70 | 94.02 | 99.52 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 9.78 | 9.93 | 10.65 | 10.40 | 9.38 | 4.82 |
| Inventory turnover | - | 0.67 | 0.59 | 0.48 | 0.46 | 0.43 | 0.17 |
| Debtors turnover | - | 6.73 | 4.48 | 3.59 | 3.14 | 3.91 | 2.43 |
| EPS (₹) | 19.51 | 21.65 | 15.75 | 10.13 | 8.31 | 9.88 | 2.28 |
| Dividend per share (₹) | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 184.30 | 120.43 | 22.49 | 12.33 | 45.90 | 36.24 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 86.38 | 49.10 | 87.04 | 141 | 127 | 130 | 142 | 104 |
| Revenue growth (YoY) | -31.9% | -62.3% | -38.8% | +35.2% | -2.4% | - | - | - |
| Other income | 16.46 | 16.34 | 15.50 | 14.99 | 14.14 | 15.39 | 13.29 | 9.54 |
| Total expenses | 56.64 | 22.33 | 75.74 | 91.55 | 92.28 | 125 | 109 | 50.88 |
| EBITDA | 29.74 | 26.77 | 11.30 | 49.53 | 34.60 | 5.20 | 33.75 | 53.46 |
| EBITDA margin | +34.4% | +54.5% | +13.0% | +35.1% | +27.3% | +4.0% | +23.7% | +51.2% |
| Depreciation | 1.09 | 1.15 | 1.04 | 1.04 | 1.04 | 1.18 | 1.29 | 1.20 |
| Interest | 16.63 | 26.75 | 14.11 | 15.29 | 15.93 | 5.38 | 16.77 | 17.37 |
| Profit before tax | 28.48 | 15.21 | 11.65 | 48.19 | 31.77 | 14.03 | 28.98 | 44.43 |
| Tax | 7.57 | 6.93 | 2.93 | 12.10 | 8.00 | 4.47 | 6.86 | 12.10 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 404 | 507 | 371 | 246 | 204 | 164 | 58.04 |
| Revenue growth | -20.3% | +36.7% | +50.7% | +20.3% | +24.5% | +183.0% | - |
| Other income | 60.97 | 46.44 | 16.06 | 1.11 | 1.16 | 2.03 | 1.03 |
| Total expenses | 282 | 363 | 213 | 109 | 116 | 95.96 | 12.18 |
| Employee cost | 0.00 | 17.39 | 7.91 | 6.47 | 5.07 | 6.83 | 5.52 |
| EBITDA | 122 | 143 | 158 | 137 | 88.38 | 68.29 | 45.86 |
| EBITDA margin | +30.2% | +28.3% | +42.6% | +55.7% | +43.2% | +41.6% | +79.0% |
| Depreciation | 4.27 | 4.63 | 2.28 | 1.86 | 2.22 | 2.38 | 0.92 |
| Interest | 72.07 | 54.36 | 73.24 | 85.23 | 66.86 | 59.34 | 44.55 |
| Profit before tax | 107 | 131 | 98.58 | 51.08 | 20.46 | 8.60 | 1.42 |
| Tax | 29.95 | 34.37 | 27.18 | 13.13 | 5.57 | 2.46 | 0.46 |
| Net profit | 76.89 | 95.50 | 71.38 | 37.96 | 14.89 | 6.14 | 0.96 |
| Net profit margin | +19.0% | +18.8% | +19.3% | +15.4% | +7.3% | +3.7% | +1.7% |
| EPS (₹) | 16.09 | 20.20 | 16.09 | 11.42 | 4.47 | 9.21 | 1.43 |
| 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 | 23.89 | 23.89 | 22.18 | 16.63 | 16.63 | 6.65 | 6.65 |
| Reserves & surplus | 910 | 833 | 502 | 57.62 | 19.61 | 14.65 | 9.37 |
| Shareholders' funds (net worth) | 984 | 907 | 524 | 74.25 | 36.24 | 21.30 | 16.02 |
| Secured loans | 409 | 321 | 302 | 368 | 307 | 299 | 289 |
| Unsecured loans | 57.19 | 48.00 | 53.43 | 39.05 | 80.57 | 58.46 | 63.32 |
| Total debt | 466 | 369 | 355 | 407 | 388 | 358 | 352 |
| Total liabilities | 1,461 | 1,285 | 886 | 486 | 429 | 384 | 368 |
| Assets | |||||||
| Gross block | 46.57 | 44.10 | 39.79 | 14.44 | 13.69 | 9.52 | 8.41 |
| Net block | 24.75 | 26.55 | 26.87 | 3.80 | 4.91 | 4.98 | 4.82 |
| Capital work in progress | 0.19 | 0.00 | 0.00 | 0.00 | 0.00 | 2.01 | 0.00 |
| Investments | 123 | 52.76 | 37.21 | 31.33 | 29.92 | 11.76 | 8.25 |
| Inventories | 404 | 432 | 451 | 438 | 395 | 357 | 386 |
| Sundry debtors | 104 | 47.71 | 86.03 | 63.41 | 69.69 | 66.55 | 30.28 |
| Cash & bank balances | 13.33 | 32.36 | 108 | 23.07 | 16.14 | 9.53 | 6.27 |
| Loans & advances | 520 | 563 | 202 | 181 | 42.91 | 35.59 | 46.52 |
| Total current assets | 1,042 | 1,075 | 847 | 706 | 524 | 468 | 469 |
| Total current liabilities | 261 | 333 | 288 | 278 | 135 | 106 | 116 |
| Net working capital | 782 | 742 | 559 | 428 | 389 | 362 | 353 |
| Total assets | 1,461 | 1,285 | 886 | 486 | 429 | 384 | 368 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 9.11 | 2.54 | 9.48 | 0.70 | (0.57) | 1.79 | 3.99 |
| Net cash from operating activities | (23.17) | (275) | (155) | 101 | 52.91 | 42.70 | (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 activities | 28.34 | 243 | 240 | (65.22) | (33.68) | (47.16) | 42.55 |
| Net change in cash | (3.12) | 6.56 | (6.94) | 8.78 | 1.28 | (0.45) | (2.37) |
| Closing cash | 13.33 | 32.36 | 108 | 23.07 | 16.14 | 9.53 | 6.27 |
| 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 | -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 | - | 0.51 | 1.27 | 7.18 | 12.93 | 19.02 | 21.86 |
| Long-term debt / equity | - | 0.34 | 0.84 | 4.78 | 9.15 | 14.91 | 16.90 |
| Interest cover | 61.11 | 39.16 | 47.02 | 63.04 | 77.60 | 90.03 | 99.13 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 12.08 | 13.68 | 20.46 | 21.37 | 18.32 | 6.90 |
| Inventory turnover | - | 1.15 | 0.83 | 0.59 | 0.54 | 0.44 | 0.15 |
| Debtors turnover | - | 7.58 | 4.96 | 3.70 | 3.00 | 3.39 | 1.92 |
| EPS (₹) | 16.09 | 20.20 | 16.09 | 11.42 | 4.47 | 9.21 | 1.43 |
| Dividend per share (₹) | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 179.36 | 118.08 | 22.33 | 10.90 | 32.03 | 24.08 |
Board of Directors of Suraj Estate Developers Limited
Suraj Estate Developers has 9 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
Peer Comparison
Suraj Estate Developers Limited is compared with the companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nirala Infratech Private Limited | ₹556.53 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Delhi, India |
| Suraj Estate Developers Limited this company | ₹555.86 Cr (FY 2026) | •••• | •••• | 1.2% | •••• | Mumbai, Maharashtra, India |
| Katerra India Private Limited | ₹549.01 Cr (FY 2021) | •••• | •••• | -45.0% | •••• | Bangalore, Karnataka, India |
| Isprava Vesta Private Limited | ₹542.34 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Mumbai, Maharashtra, India |
Peers are the companies nearest to Suraj Estate Developers by revenue, above and below it, in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details
Suraj Estate Developers Limited is audited by Bhuwania & Agrawal Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Bhuwania & Agrawal Associates | Locked | Locked | Locked |
: available in the company report
Shareholding Pattern
Shareholding for the quarter ended Sep 2026: promoters hold 69.80%, foreign institutional investors hold 1.30%, domestic institutional investors hold 1.00% and retail and other public shareholders hold 27.90%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 69.80% | 69.80% | 69.60% | 69.60% |
| Public | 30.20% | 30.20% | 30.40% | 30.40% |
Charges & Borrowings
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Jul 2026 | Others | ₹50 Cr | Open |
| 29 May 2026 | Others | ₹40 Cr | Open |
| 20 Apr 2026 | Others | ₹20 Cr | Open |
| 25 Mar 2026 | Others | ₹160 Cr | Open |
| 20 Feb 2026 | Idbi Trusteeship Services Limited | ₹45 Cr | Open |
Total charge records: 71 View all charges
Deals & Funding
Suraj Estate Developers Limited has 18 deals on record (10 market trades, 5 debt financings, 1 funding round), with disclosed funding of ₹830.39 Cr; the latest was in April 2026.
Deals on record (5 of 18)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2026 | Market trade | ₹35.12 Cr | Buyer: NK Securities Research Private Limited , Silverleaf Capital Services Private Limited , Junomoneta Finsol Private Limited Seller: NK Securities Research Private Limited , Silverleaf Capital Services Private Limited , Junomoneta Finsol Private Limited |
| Oct 2025 | Market trade | ₹48.34 Cr | Buyer: Graviton Research Capital LLP , Silverleaf Capital Services Private Limited , NK Securities Research Private Limited Seller: Graviton Research Capital LLP , Silverleaf Capital Services Private Limited , NK Securities Research Private Limited |
| Oct 2024 | Market trade | ₹19.65 Cr | Buyer: L7 Hitech Private Limited Seller: L7 Hitech Private Limited |
| Oct 2024 | Market trade | ₹24.41 Cr | Buyer: L7 Hitech Private Limited Seller: L7 Hitech Private Limited |
| Aug 2024 | Funding round | ₹500 Cr | Investors: Ovata Equity Fund, Keemtee Financial Services Limited , 2 individuals |
: available in the company report
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases
Suraj Estate Developers Limited has 132 court cases on record: 50 filed by Suraj Estate Developers, 82 filed against it. 14 cases are pending and 118 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 72 | 49 | 4 |
| High courts | 59 | 33 | 10 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 132)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Appeal | Filed by the company against Kalpataru Homes Private Limited and 23 others | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed by the company against Kalpataru Homes Private Limited and 22 others | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed against the company | Pending |
| Bombay High Court | Writ petition | Filed by the company against State of Maharashtra Ministry of Revenue and Forests | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company | Pending |
: available in the company report
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME Payment Delays
Suraj Estate Developers Limited has 10 MSME Form 1 returns on record between 2019 and 2023, listing 46 overdue payments to 10 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 10)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Aikon Telecom Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Crescent Technologies | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
: available in the company report
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance
Suraj Estate Developers Limited has a workforce of 11 employees as of Apr 03, 2024.
: available in the company report
Group Structure
Suraj Estate Developers has 3 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Skyline Realty Private Limited | U45201MH2006PTC164709 | - |
| Accord Estates Pvt Ltd | U70100MH1987PTC044983 | - |
| Iconic Property Developers Private Limited | U70100MH2010PTC205955 | - |
Showing major subsidiaries. Total: 3.
Recent Activity
Suraj Estate Developers Limited has 19 board changes on record since 1986: 9 appointments and 10 cessations. The latest: Ananta Singh Raghuvanshi ceased to be Additional Director on 02 Dec 2025.
155 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Suraj Estate Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACS8375H1Z0 | Maharashtra | Active | 01 Jul 2017 |
: available in the company report
MCA Filings & Documents
: available in the company report
Related news
Frequently Asked Questions
Suraj Estate Developers is an active public limited company based in Mumbai, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 10 September 1986 (40+ years old) and is registered under CIN L99999MH1986PLC040873. Listed on BSE: 544054 and NSE: SURAJEST.
Suraj Estate Developers reported revenue of ₹555.86 Cr for FY 2025-26 (up 1.2% YoY) based on consolidated financials.
Suraj Estate Developers has 9 current directors:
- Rajan Meenathakonil Thomas - Managing Director
- Rahul Rajan Jesu Thomas - Whole-Time Director
- Satyendra Shridhar Nayak - Director
- Sujatha R Thomas - Director
- Sunil Pant - Director
- Ananta Singh Raghuvanshi - Director
- Elizabeth Lavanya Thomas - Director
- Jitendra Shantilal Mehta - Director
- Vinod Prabhudas Chithore - Director
The latest financial statements of Suraj Estate Developers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Suraj Estate Developers is 27AAACS8375H1Z0, registered in Maharashtra.
The CIN (Corporate Identification Number) of Suraj Estate Developers is L99999MH1986PLC040873. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Suraj Estate Developers is listed on both BSE (code: 544054) and NSE (symbol: SURAJEST).
Suraj Estate Developers has 132 court cases on record: 50 filed by the company and 82 filed against it. 14 are pending. Most are in the district courts.
Suraj Estate Developers was incorporated on 10 September 1986, making it 40+ years old. It is registered with the Registrar of Companies, Mumbai.
Suraj Estate Developers has 18 deals on record (10 market trades, 5 debt financings, 1 funding round), with disclosed funding of ₹830.39 Cr; the latest was in April 2026.
The peers of Suraj Estate Developers by revenue are Nirala Infratech Private Limited, Katerra India Private Limited, Isprava Vesta Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Ananta Singh Raghuvanshi ceased to be Additional Director on 02 Dec 2025. Ananta Singh Raghuvanshi was appointed as Director on 10 Sep 2025. Elizabeth Lavanya Rajan Thomas ceased to be Additional Director on 31 Mar 2025. Suraj Estate Developers has 19 board changes on record in total.