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Earnings Call

Suraj Estate Developers Earnings Call: Key Takeaways

Suraj Estate achieved FY26 pre-sales of ₹615cr, marginally beating its ₹600cr guidance, but faced analyst scrutiny over rising debt levels and declining residential sales velocity as focus shifts to commercial projects.

Why this was an Alfa AlertPre-sales beat guidance by 2.5%, which is below the 10% materiality threshold for a filter event.
Highlights
Revenue growthFY26 income steady at ₹561cr; pre-sales grew 23% YoY to ₹615cr.
MarginsEBITDA margins improved to 39.7% in FY26 from 37.4% YoY.
Order bookOngoing projects have ₹2,105cr in receivables from sold and unsold inventory.
Demand visibilityStrong institutional demand for commercial; residential demand focus on luxury niche.
Management confidenceConfident but defensive regarding rising debt levels and guidance delays.

Growth

FY26 pre-sales grew 23% YoY; sales area up 42% to 1.31 lakh sq ft, though average realizations dipped due to product mix.

Outlook

Launch pipeline for FY27 estimated at ₹1,400cr GDV, including residential and commercial projects; targeting debt levels around ₹600-650cr.

Risks

Net debt rose to ₹579.9cr following aggressive land acquisitions; residential pre-sales slowed significantly in Q4 to ₹28cr.

Source

Earnings Call filed with BSE, NSE: SURAJEST. Summary written with AI assistance from the document.

Read the document ↗

Suraj Estate Developers Ltd: key numbers

Share price
₹221.75
Market cap
₹1,059 Cr
Revenue (annual)
₹555.9 Cr
Net profit (annual)
₹90.28 Cr
P/E (TTM)
11.5×Sector 35.8×
Promoter holding
69.80%+0.00% QoQ
FII holding
1.31%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

More from Suraj Estate Developers Ltd

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17:35 IST BSE
Acquisition

Suraj Estate Developers Acquisition Worth ₹82.72 Cr

Suraj Estate Developers' subsidiary completed the acquisition of land development rights in Mahim (West), Mumbai, for an investment of ₹82.72 Crores to expand its commercial project.

Value
₹82.72 Cr
saleable carpet area
1.5 lakh sq ft
17:48 IST NSE
Price Movement Clarification

Suraj Estate Developers Price Movement Clarification

Suraj Estate Developers clarified that the recent price movement in its securities is market-driven and not due to any undisclosed material information or developments.

17:01 IST BSE
Other Announcement

Suraj Estate Developers Other Announcement

KMP Shreepal Shah acquired 5,300 equity shares of Suraj Estate Developers Ltd via market purchases. The total value of these transactions is approximately ₹0.09 Crore.

Value
₹0.09 Cr
17:11 IST BSE
Other Announcement

Suraj Estate Developers Other Announcement

Suraj Estate Developers informs shareholders of the weblink to access the Annual Report for FY 2025-26 and the 40th Annual General Meeting notice.

17:40 IST BSE
Other Announcement

Suraj Estate Developers Other Announcement

KMP Shreepal Shah acquired 2,800 equity shares of Suraj Estate Developers through market purchases totaling ₹0.05 Crore.

Value
₹0.05 Cr
17:42 IST BSE
Annual General Meeting

Suraj Estate Developers Annual General Meeting

Suraj Estate Developers Limited has issued the notice for its Annual General Meeting scheduled for September 30, 2026.