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Suraj Estate Developers Ltd
NSE:SURAJEST

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Suraj Estate Developers Ltd
NSE:SURAJEST
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Price: 191.71 INR 0.31% Market Closed
Market Cap: ₹9.2B

Suraj Estate Developers Ltd
Investor Relations

Suraj Estate Developers Ltd is a IN-based company operating in industry. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2023-12-26. Suraj Estate Developers Limited is an India-based company, which is involved in the real estate business. The firm develops real estate across the residential and commercial sectors in South Central Mumbai region. The firm has a residential portfolio located in the markets of Mahim, Dadar, Prabhadevi and Parel, which are sub-markets of the South-Central Mumbai micro market. The company is focused primarily on value luxury, luxury segments and commercial segments. The firm is venturing into residential real estate development in Bandra sub-market. The company identifies ceased/ non-ceased properties with existing tenants and ties up with the landlords of such tenanted properties by entering into a development agreement or on an outright purchase basis through conveyance deed. The company has completed 42 projects in the South-Central Mumbai region. In addition, the Company has 13 ongoing projects.

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Last Earnings Call
Fiscal Period
Q3 2026
Call Date
Jan 29, 2026
AI Summary
Q3 2026

Revenue Growth: Total income rose 11% year-on-year for 9 months FY '26, reaching INR 460 crores, with Q3 income up 6% to INR 182 crores.

Profitability: Q3 PAT increased to INR 25 crores from INR 20 crores last year, with strong operating leverage noted.

Commercial Momentum: Suraj One Business Bay sold 40,000 sqft for INR 200 crores within 45 days of launch, highlighting robust commercial demand.

Sales Surge: Q3 sales area jumped 211% YoY to 51,826 sqft; sales value up 137% to INR 253 crores.

Guidance Maintained: Management reiterated presales guidance of INR 600 crores for FY '26 despite strong Q3 performance.

Strategic Focus: Continued emphasis on South Central Mumbai and Bandra, with five years of land inventory secured.

Margin Outlook: Blended EBITDA margin remains 35–40%, with commercial projects at 25–28% and luxury residential up to 40%.

Key Financials
Total Income (9 Months)
INR 460 crores
Total Income (Q3)
INR 182 crores
EBITDA (9 Months)
INR 171 crores
EBITDA (Q3)
INR 55 crores
PAT (9 Months)
INR 80 crores
PAT (Q3)
INR 25 crores
Sales Area (Q3)
51,826 sq ft
Sales Area (9 Months)
1.03 lakh sq ft
Sales Value (Q3)
INR 253 crores
Sales Value (9 Months)
INR 487 crores
Collections (Q3)
INR 124 crores
Collections (9 Months)
INR 310 crores
Net Debt
INR 500 crores
Presales Guidance (FY '26)
INR 600 crores
One Business Bay GDV
INR 1,200 crores
One Business Bay Sales
40,000 sq ft / INR 200 crores
Blended EBITDA Margin
35–40%
Commercial Margin
25–28%
Value Luxury Residential Margin
38–40%
Unsold GDV
INR 1,225 crores
Other Earnings Calls

Management

Mr. Rajan Meenathakonil Thomas
Chairperson & MD
No Bio Available
Mr. Shreepal Suresh Shah
Chief Financial Officer
No Bio Available
Mr. Shivil Kapoor
Company Secretary & Compliance Officer
No Bio Available
Mr. Rahul Rajan Jesu Thomas
Whole-Time Director
No Bio Available
Mr. Anand Vyas
Vice President of Sales
No Bio Available
Ms. Palak Dani Mansotra
Chief Marketing Officer
No Bio Available
Mr. Madanlal Jain
Chief Engineer
No Bio Available
Mr. Gopal Barve
Chief Engineer of Accord Estates Private Limited
No Bio Available
Dr. Mohit Ramsinghani
Chief Business & Strategy Officer
No Bio Available

Contacts

Address
MAHARASHTRA
Mumbai
301, 3rd Floor, Aman Chambers, Veer Savarkar Marg, Opp. Bengal Chemicals, Prabhadevi
Contacts
+912240154746
surajestate.com
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