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Suyog Gurbaxani Funicular Ropeways Ltd (543391)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543391 NSE: Engineering - Construction | Small Cap | Suyog Gurbaxani Fun. Share Price

₹90.20 0.10 (0.11%)

As on 04-Jun'26 16:59

Suyog Gurbaxani Funicular Ropeways Ltd (543391)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543391 NSE: Engineering - Construction | Small Cap | Suyog Gurbaxani Fun. Share Price

₹90.20 0.10 (0.11%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹224 Cr.
Current Price
₹90.2
52-Week Low / High
₹90 / 147
TTM EPS
₹4.5
TTM Sales
₹47.2 Cr.
Book Value per Share
₹9.8
P/E Ratio
20.12
Lower than its 5-year historical median
Industry PE
29.9
Price to Book (P/B)
9.17
Lower than its 5-year historical median
Price to Sales (P/S)
4.76
Lower than its 5-year historical median
EV/EBITDA
12.99
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
43.19%
Outperforms industry median
Return on Capital Employed (ROCE)
10.24%
In line with industry median
Return on Assets (ROA)
6.80%
Operating Profit Margin
33%
Net Profit Margin
16.4%
Gross Profit Margin
27.9%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-16.02%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
15.72%
Net Profit Growth (1 Year)
-
55.46%
Asset Quality
Promoter Holding
63.33%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
-
Equity
₹24.9 Cr.
Face Value
₹10
All Time Low / High
₹45.00 / 274.50

Suyog Gurbaxani Funicular Ropeways stock performance

Key Ratios
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Check Before You Invest

Valuation

Somewhat Undervalued

Price Trend

Weak
Q.1 Is Suyog Gurbaxani Funicular Ropeways Ltd a good quality company?
Suyog Gurbaxani Funicular Ropeways 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 Suyog Gurbaxani Funicular Ropeways Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Suyog Gurbaxani Funicular Ropeways Ltd vs industry peers?
Suyog Gurbaxani Funicular Ropeways Ltd revenue CAGR is 32.08%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Suyog Gurbaxani Funicular Ropeways Ltd?
Promoters hold 63.33% of the Suyog Gurbaxani Funicular Ropeways Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Suyog Gurbaxani Funicular Ropeways Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of 33.79% 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 end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

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.
Suyog Gurbaxani Funicular Ropeways 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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 0%0%0%-1.9%0.1%-7.1%-3.1%6%16.8%10.2%-
Value Creation
Index
NANANA-1.1-1.0-1.5-1.2-0.60.2-0.3-

Growth Parameters

Sales 0007.913.24.57.91863.15347
Sales YoY Gr.-NANANA66.8%-66.1%76.3%128.6%250.5%-16%-
Adj EPS 000-1.7-0.9-3.9-2.80.12.33.54.5
YoY Gr.-NANANANANANANA1630.8%55.6%-
BVPS (₹) 010108.37.43.444.16.49.89.8
Adj Net
Profit
000-3.5-1.9-7.9-6.90.35.68.711
Cash Flow from Ops. 0009.16.1-63.71-13.83.6-
Debt/CF from Ops. 0007.811.1-12.518.364.1-6.323.7-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NA32.1%88.8%-16%
Adj EPS NANANA55.6%
BVPSNA6%35.3%55%
Share Price - - 26.1% -27.8%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
000-24.2-11.9-72.4-82.33.14343.245.5
Op. Profit
Mgn %
00042.151.218.952.662.32433NAN
Net Profit
Mgn %
000-44.1-14.3-177.3-881.78.916.423.6
Debt to
Equity
055.74.24.610.76.96.55.53.5-
Working Cap
Days
00093483312851951974870
Cash Conv.
Cycle
000-119-585328798-530

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales0081348186353
Operating Expenses + 00564474835
Manufacturing Costs00001183621
Material Costs00000-0-6-32
Employee Cost 001322457
Other Costs 0034112105
Operating Profit 003714111518
Operating Profit Margin (%) --42.1%51.1%18.9%52.6%62.3%24.0%33.0%
Other Income + 000000000
Exceptional Items 000000000
Interest 002224573
Depreciation 005777707
Profit Before Tax 00-3-2-8-7088
Tax 000000-02-1
Profit After Tax 00-3-2-8-7069
PAT Margin (%) ---44.1%-14.3%-177.0%-88.0%1.7%8.9%16.4%
Adjusted EPS (₹)0.00.0-1.7-0.9-3.9-2.80.12.33.5
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%

Valuation of Suyog Gurbaxani Fun. - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 12121715710101624
Share Capital 121220202025252525
Reserves 00-3-5-13-15-15-9-0
Debt +606867647262618080
Long Term Debt606867647262618080
Short Term Debt000000000
Minority Interest000000000
Trade Payables522211159
Others Liabilities 711887981527
Total Liabilities 83939489868280115140

Fixed Assets

Net Fixed Assets +0092868073676054
Gross Block0093989898999999
Accumulated Depreciation000121925323845
CWIP 76910000000
Investments 000000000
Inventories001111731
Trade Receivables000111111
Cash Equivalents 100003000
Others Assets 63115555184
Total Assets 83939489868280115140

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 0096-641-144
PBT 00-3-2-8-7088
Adjustment 0079988149
Changes in Working Capital 006-1-72-7-33-14
Tax Paid 0000000-20
Cash Flow From Investing Activity + -16-11-4-1-00-0-0-0
Capex 00-1-1-00-0-0-0
Net Investments 000000000
Others -16-11-3000000
Cash Flow From Financing Activity + 1810-5-56-1-414-4
Net Proceeds from Shares 0080010000
Net Proceeds from Borrowing 208-1-38-9-2190
Interest Paid 00-2-2-2-2-2-7-3
Dividend Paid 000000000
Others -22-1000-0-02-1
Net Cash Flow 1-10-0-03-3-00

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)00-24.2-11.86-72.44-82.273.1343.0243.19
ROCE (%)00-1.90.06-7.12-3.135.9616.7510.24
Asset Turnover Ratio000.080.140.050.10.220.650.41
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/AN/A-2.330.44
Working Capital Days
Receivable Days001513.5060.1035.4016.504.305.20
Inventory Days0029.801749.7028.807829.9014.70
Payable Days000000-42.70-326.301,093.70

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Suyog Gurbaxani Funicular Ropeways Ltd FAQs

The current trading price of Suyog Gurbaxani Fun. on 04-Jun-2026 16:59 is ₹90.20.

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 03-Jun-2026 the market cap of Suyog Gurbaxani Fun. stood at ₹224.3 Cr

The latest P/E ratio of Suyog Gurbaxani Fun. as of 03-Jun-2026 is 20.12.

The latest P/B ratio of Suyog Gurbaxani Fun. as of 03-Jun-2026 is 9.17.

The 52-week high of Suyog Gurbaxani Fun. is ₹146.9 and the 52-week low is ₹90.10.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Suyog Gurbaxani Fun. is ₹47.16 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Suyog Gurbaxani Funicular Ropeways Ltd is a below average quality company.

The key valuation ratios of Suyog Gurbaxani Funicular Ropeways 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 Suyog Gurbaxani Funicular Ropeways Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Suyog Gurbaxani Funicular Ropeways Ltd

Suyog Gurbaxani Funicular Ropeways is an infrastructure development and constructions company engaged in building & operating the Funicular Ropeways Systems. The company is currently involved in an Infrastructural Development project through a Build, Operate and Transfer mode (BOT) wherein, it has completed the construction of a Funicular Ropeway System project (also known as Incline Ropeways) at Saptashrungi Gad Temple situated at Vani, Nashik, Maharashtra. Saptashrungi Gad Temple is a popular destination for devotees where people come from all over India for taking the blessings of Goddess and this temple experiences a large number of visitors throughout the years and also experiences some of the peak seasons at the time of Navratri festivals which happens two times in a year. The company’s project is spread over in an area of 10 acres, which houses the funicular ropeway system, a shopping mall, a parking facility and a hotel facility.

The company’s Saptashrungi Project primarily has a Funicular Ropeway System consisting of 2 Air Conditioner funicular vehicles / coaches which can carry 60 passengers/ devotees at a time. The Shopping complex, forming a part of its project, provides the facility of more than 50 shops providing various buying avenues to the visitors including food shops. The parking facility built in the vicinity of the funicular ropeway, has a capacity of more than 150 vehicles including four wheelers and two wheelers. Lastly, it also has constructed a hotel which houses 28 guest rooms & dormitories, a multi cuisine restaurant and a coffee shop.

Business area of the company

The company provides infrastructure construction services. It offers ropeway facilities, as well as provides stay, shopping, and parking services.

Major events

  • 2010: Incorporation of Company.
  • 2010: Received Work Order for construction of Funicular Ropeways at Saptashrungi.
  • 2010: Forest Department granted 4 hectare of land for construction of project.
  • 2010: Possession for the above land received
  • 2010: Received Water permission for the project from the Maharashtra Water Department.
  • 2010:  Received consent of Gram pachayat for construction of the Project.
  • 2011: The plan / drawing for the project with single track system approved by the PWD Steering Committee.
  • 2011: Obtained confirmation from RITES to act as technical consultant for the single track project.
  • 2012: Obtained RITES confirmation for change in project plan to double track instead of single track
  • 2013: Received consent from Temple Trust to build machine room near the temple.
  • 2014: Extension request letter given to PWD by the Company citing various statutory clearance delays and change in plans.
  • 2015: The official Project management Consultant certified that the construction of the Funicular ropeway is as per approved drawings & specification of PWD.
  • 2017: Extension Approval for 3 years 1 month and 27 days received from the PWD, Nashik.
  • 2017: Foreign Safety Consultant suggested additional braking facility before certifying the safety measures of the Funicular Ropeway.
  • 2017: Final Safety Certificate received from Tribal Public Works Division.
  • 2018: Received certificate from Damodar Ropeways Private Limited confirming the employee training for operating the Funicular Ropeway.
  • 2018: Received provisional Completion Certificate from PWD, Nashik.
  • 2018: Fire NoC received for operating the Ropeway for Public use.
  • 2018: Construction Completed and Inauguration by Hon. Chief Minister of Maharashtra Mr. Devendra Phadnavis.
  • 2019: Final Completion Certificate received from PWD, Nashik.
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