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10 Yrs X-Ray 
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Analyst Note 
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About
Suratwwala Business Group Ltd (SBGLP)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543218 NSE: SBGLP Construction - Real Estate | Small Cap | Suratwwala Business Share Price
₹22.29 -3.27 (-12.79%)
As on 18-Sep'26 16:59
Suratwwala Business Group Ltd (SBGLP)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543218 NSE: SBGLP Construction - Real Estate | Small Cap | Suratwwala Business Share Price
₹22.29 -3.27 (-12.79%)
As on 18-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹387 Cr.
Current Price
₹22.3
52-Week Low / High
₹18 / 43
TTM EPS
₹2.4
TTM Sales
₹169 Cr.
Book Value per Share
₹6.6
P/E Ratio
9.22
Lower than its 5-year historical median
Industry PE
43
Price to Book (P/B)
3.40
Lower than its 5-year historical median
Price to Sales (P/S)
2.29
Lower than its 5-year historical median
EV/EBITDA
7.78
Lower than its 5-year historical median
Dividend Yield
0.54%
Profitability Efficiency
Return on Equity (ROE)
43.79%
Outperforms industry median
Return on Capital Employed (ROCE)
31.57%
Outperforms industry median
Return on Assets (ROA)
16.97%
Operating Profit Margin
37.3%
Net Profit Margin
26.51%
Gross Profit Margin
37%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
176.95%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
266.37%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
243.3%
Asset Quality
Promoter Holding
73.39%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹96 Cr.
Equity
₹17.3 Cr.
Face Value
₹1
All Time Low / High
₹1.52 / 143.05
Check Before You Invest
Quality
Not GoodValuation
Somewhat UndervaluedCheck Valuation charts
Price Trend
Weak
Is Suratwwala Business Group Ltd a good quality company?
Suratwwala Business Group Ltd is a weak quality company, based on a inconsistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Suratwwala Business Group Ltd performance compare with that of its Peers?
Revenue growth of Suratwwala Business Group Ltd vs industry peers?
Suratwwala Business Group Ltd revenue CAGR is 256.79%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Suratwwala Business Group Ltd?
Promoters hold 73.39% of the Suratwwala Business Group Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Suratwwala Business Group Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of 26.07% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Suratwwala Business Group Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 32.6% | 35.2% | 14% | 10.2% | 26% | -9.4% | 222.5% | 81.9% | 14.3% | 27.3% | - |
| Value Creation Index ⓘ | 1.3 | 1.5 | -0 | -0.3 | 0.9 | NA | 14.9 | 4.9 | 0.0 | 1.0 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 16.3 | 10.8 | 9 | 10.8 | 12.8 | 0.8 | 61.8 | 72 | 32.2 | 89.3 | 93 |
| Sales YoY Gr. | - | -33.6% | -17.2% | 19.8% | 18.6% | -93.8% | 7,722.8% | 16.5% | -55.2% | 177% | - |
| Adj EPS ⓘ | 0.3 | 0.3 | 0.1 | 0 | 0.4 | -0.6 | 1.2 | 0.2 | 0.6 | 1.8 | 1.8 |
| YoY Gr. | - | 24% | -71% | -55.6% | 800% | -272.2% | NA | -86.9% | 275% | 191.7% | - |
| BVPS (₹) ⓘ | 0.7 | 1 | 1.1 | 1.1 | 1.6 | -0.6 | 0.6 | 0.3 | 4 | 5.6 | 6 |
| Adj Net Profit ⓘ | 2.2 | 2.7 | 0.8 | 0.6 | 6.2 | -10.8 | 21.2 | 27.8 | 10.4 | 30.3 | 32 |
| Cash Flow from Ops. ⓘ | 0.6 | 2.4 | -12.6 | -11.6 | -6.8 | 9.1 | 7.4 | 0.9 | -2.8 | -0.4 | - |
| Debt/CF from Ops. ⓘ | 11.4 | 1.8 | -1.3 | -2.1 | -3.6 | 2.1 | 0.9 | 24.1 | -21.5 | -196.6 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 20.8% | 47.6% | 13.1% | 177% | ||||
| Adj EPS ⓘ | 24.1% | 37.2% | 12.8% | 191.7% | ||||
| BVPSⓘ | 26.2% | 29.2% | 106.2% | 42% | ||||
| Share Price | - | 26.1% | -13.5% | -31.3% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 36 | 36.3 | 8.2 | 4.8 | 30.2 | -127 | 4185.4 | 80.5 | 16.4 | 36.5 | 31.7 |
| Op. Profit Mgn % ⓘ | 26.4 | 41.1 | 30.9 | 32.4 | 87.9 | -456.2 | 48.7 | 54.5 | 41.4 | 45.4 | 45.5 |
| Net Profit Mgn % ⓘ | 13.6 | 25.3 | 8.5 | 5.3 | 48.6 | -1355.9 | 34.2 | 38.6 | 32.2 | 33.9 | 34.3 |
| Debt to Equity ⓘ | 1.2 | 0.5 | 1.6 | 1.7 | 0.9 | -1.9 | 0.6 | 0.4 | 0.9 | 0.8 | - |
| Working Cap Days ⓘ | 0 | 937 | 1,459 | 1,572 | 1,726 | 35,963 | 525 | 482 | 1,325 | 662 | 274 |
| Cash Conv. Cycle ⓘ | 0 | 58 | 766 | 1,005 | 743 | 28,499 | 375 | 310 | 852 | 381 | 165 |
Valuation of Suratwwala Business - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|
| Sales | 1 | 62 | 72 | 36 | 143 |
| Operating Expenses ⓘ + | 4 | 32 | 33 | 21 | 90 |
| Operating Profit ⓘ | -4 | 30 | 39 | 14 | 53 |
| Operating Profit Margin (%) | -457.0% | 48.2% | 54.6% | 40.3% | 37.0% |
| Other Income ⓘ + | 1 | 0 | 1 | 1 | 1 |
| Interest ⓘ | 4 | 3 | 2 | 0 | 1 |
| Depreciation ⓘ | 0 | 0 | 0 | 0 | 2 |
| Profit Before Tax ⓘ | -7 | 27 | 38 | 15 | 51 |
| Tax ⓘ | 4 | 6 | 10 | 4 | 13 |
| Profit After Tax | -11 | 21 | 28 | 11 | 38 |
| PAT Margin (%) | -1,356.0% | 34.0% | 38.6% | 30.8% | 26.5% |
| Adjusted EPS (₹) | -0.6 | 1.2 | 0.2 | 0.6 | 2.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 16% | 5.60% |
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | -10 | 11 | 58 | 69 | 104 | ||||||
| Debt + | 43 | 31 | 37 | 71 | 78 | ||||||
| Minority Interest | 0 | 1 | 1 | 1 | 6 | ||||||
| Trade Payables | 2 | 8 | 9 | 13 | 36 | ||||||
| Others Liabilities ⓘ | 79 | 68 | 21 | 31 | 37 | ||||||
| Total Liabilities ⓘ | 114 | 120 | 127 | 185 | 262 | ||||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 1 | 1 | 1 | 21 | 33 | ||||||
| CWIP ⓘ | 0 | 0 | 0 | 6 | 1 | ||||||
| Investments ⓘ | 26 | 1 | 2 | 11 | 4 | ||||||
| Inventories | 71 | 103 | 106 | 132 | 164 | ||||||
| Trade Receivables | 1 | 1 | 7 | 4 | 37 | ||||||
| Cash Equivalents | 1 | 1 | 6 | 1 | 5 | ||||||
| Others Assets ⓘ | 15 | 14 | 5 | 10 | 17 | ||||||
| Total Assets ⓘ | 114 | 120 | 127 | 185 | 262 | ||||||
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | -15 | -10 | 0 | -5 | -6 |
| Cash Flow From Investing Activity ⓘ + | -0 | 25 | -2 | -35 | 2 |
| Cash Flow From Financing Activity ⓘ | 15 | -14 | 6 | 35 | 8 |
| Net Proceeds from Shares ⓘ + | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | -0 | 0 | 5 | -4 | 4 |
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | 4186.13 | 80.58 | 17.44 | 43.79 | |||||
| ROCE (%) | N/A | 79.54 | 57.39 | 13.05 | 31.57 | |||||
| Asset Turnover Ratio | 0.01 | 0.53 | 0.58 | 0.23 | 0.64 | |||||
| PAT to CFO Conversion(x) | N/A | -0.48 | 0 | -0.45 | -0.16 | |||||
| Working Capital Days | ||||||||||
| Receivable Days | 368.80 | 4.40 | 19 | 56.20 | 52.70 | |||||
| Inventory Days | 0 | 509.90 | 529.80 | 1,208.50 | 377.20 | |||||
| Payable Days | 0 | 76.70 | 112.40 | 247.90 | 110.90 | |||||
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Suratwwala Business Group Ltd FAQs
The current trading price of Suratwwala Business on 18-Sep-2026 16:59 is ₹22.29.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 17-Sep-2026 the market cap of Suratwwala Business stood at ₹386.6 Cr
The latest P/E ratio of Suratwwala Business as of 17-Sep-2026 is 12.14.
The latest P/B ratio of Suratwwala Business as of 17-Sep-2026 is 3.72.
The 52-week high of Suratwwala Business is ₹42.50 and the 52-week low is ₹18.41.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Suratwwala Business is ₹93.11 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Suratwwala Business Group Ltd is a below average quality company.
The key valuation ratios of Suratwwala Business Group Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Suratwwala Business Group Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Suratwwala Business Group Ltd
Suratwwala Business Group was originally incorporated as ‘Suratwala Housing Private Limited’ under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated January 31, 2008 issued by the Registrar of Companies, Maharashtra, Pune. Thereafter, the name of the company was changed to ‘Suratwwala Business Group Private Limited’ and a fresh certificate of incorporation consequent upon change of name dated May 15, 2019 was issued by the Registrar of Companies, Maharashtra, Pune. Subsequently, the company was converted into a public limited company pursuant to a Shareholders' Resolution passed at the Extra-Ordinary General meeting of the company held on July 29, 2019 and the name of the company was changed to ‘Suratwwala Business Group Limited’ vide a fresh certificate of incorporation dated November 21, 2019 issued by the Registrar of Companies, Maharashtra, Pune.
The company is a real estate development company primarily focusing on development of residential and commercial projects in the Pune district. Its business activities comprise of development and sale of residential as well as commercial properties (the Development Business) and the maintenance of the properties developed by it (the Maintenance Business). Apart from the development and maintenance business, it also focuses on providing the space on rent such as renting for mobile tower, hoardings and banners on building or renting of the unsold space for short durations.
The company’s Development Business spans all activities related to real estate development, which begins from the identification and acquisition of land till through the planning, execution and sales of its developed projects. It uses its knowledge, experience and information from internal and external sources in making decision relating to land acquisition, development and lease/sales decisions. It emphasizes more on quality design and quality construction and work with different domestic architects and contractors in order to ascertain the best possible design and amenities which can be provided to the customers.
Business area of the company
Suratwwala Business Group and its subsidiaries are primarily engaged in the business of construction of residential, commercial, IT Parks, renting of immovable properties and in solar power generating activity along with other related business auxiliary services.
Business model of the company
- Real estate development
- Renting service
- Maintenance service
Awards
- 2012: Debut Residential project Sweet 16 at Baner Awarded for being among the top three nominated project at CREDAI Real-estate Award 2012.
- 2020: The company received certificate of recognition for Top Commercial Projects in September 2020 from Times Real Estate Icons West India 2020.
- 2021: The company received certificate of excellence in commercial real estate projects at Pune Times Mirror Awards 2021.
- 2022: The company has bagged the Most Iconic Young Business Leader in Golden Aim Conference Award 2022.
- 2022: Lokmat Vishwakarma Award 2022.
- 2022: ‘Best Commercial Projject Award of the Year – Suratwwala Mark Plazzo’ from the hands of Hon’ble Eknath Shinde – Chief Minister, State of Maharashtra at CONSTRUCTION TIMES BAM Awards 2022.
- 2023: Suratwwala Business Group has been honored with the prestigious ET Business Awards 2023 2023 From the hand of actors ‘Sanya Malhotra’ in the Category at Trustworthy Brand in Pune Real Estate.
- 2024: Sakal Mahabrand Award 2024.
- 2025: Best Employer Brand Awards 2025 from the Maharashtra State.
History and milestones:
- 2008: Incorporation of company as ‘Suratwala Housing Private Limited’ under the Companies Act, 1956.
- 2008: Marked the beginning of Real-estate operations in Pune district by commencing construction of residential project ‘Suratwala Sweet 16’ at Baner, Pune.
- 2010: Completion of the residential project ‘Suratwala Sweet 16’ at Baner.
- 2012: The company was awarded with a Certificate for the project ‘Suratwala’s Sweet 16’ for being among the top three nominated projects under the category Residential-Apartment-Low Cost- Non-Metro at the CREDAI Real Estate Awards 2012.
- 2015: Started Construction of commercial building ‘Suratwala Mark Plazzo Phase I’ at village Hinjewadi, near Rajiv Gandhi IT Park, Pune.
- 2016: Successfully completed first commercial project ‘Suratwala Mark Plazzo Phase I’.
- 2019: Awarded with a ‘Certificate of Membership’ under the authority of ‘CREDAI’ Association.
- 2019: Change in the name of Company from ‘Suratwala Housing Private Limited’ to ‘Suratwwala Business Group Private Limited’.
- 2019: Conversion of company from private to public i.e. from ‘Suratwwala Business Group Private Limited’ to ‘Suratwwala Business Group Limited’.
- 2019: Launching commercial project ‘Suratwala Mark Plazzo Phase II’ at Hinjewadi.
- 2020: Listed on BSE SME.
- 2023: Migrated from BSE SME to NSE SME main board.
- 2025: Suratwwala Business Group’s subsidiary -- Suratwwala Royyal Hills Properties LLP received environmental clearance certificate for the project 'Californiaa West' towards construction of residential housing project at Kasar Amboli, Pune.
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