Suratwwala Business Group Limited (SBGLP)

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Suratwwala Business Group Limited (SBGLP) · mywealthgrid

About

Suratwwala Business Group is a small-cap real estate developer with a market cap of ₹432.63 Cr, focused on residential and commercial projects. The company reports strong profitability metrics—a 42.31% ROE and 37.01% operating margin—but its stock has declined 39% over the past year, reflecting investor concerns about execution or market conditions.

Face value: ₹1

Market cap

₹394 Cr

P/E

9.4×

P/B

3.6×

Dividend yield

ROE

42.3%

ROCE

32.2%

Debt / equity

0.75

OPM

37%

EPS (TTM)

₹2.4

Book value

₹6.4

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Stock fell 39% year-over-year despite reporting 42% ROE and 37% OPM—assess whether decline reflects project delivery concerns, competitive pressures, or market sentiment shifts
Operating margin volatility (31–52% across recent quarters) raises questions about project mix consistency, pricing, or cost management
Moderate leverage (D/E 0.75) in a real estate sector sensitive to interest-rate cycles; verify refinancing and construction-financing exposure
Zero institutional investor participation (FII/DII at 0%) despite listed status—assess governance, transparency, or liquidity concerns

Generated analysis · source review pending

Growth drivers

Net profit grew from ₹8.04 Cr (Dec 2025) to ₹13.28 Cr (Mar 2026), indicating project delivery acceleration
ROE of 42.31% reflects capital efficiency if operating margins near 37% sustain across cycles
Operating margins sustained at 31–52% across recent quarters suggest cost discipline or favorable project mix

Generated analysis · source review pending

893 historical price candles were omitted because the exchange source has not been verified.

₹22.8-1%1Y

Quick read

rule-based

Pros

+Strong return on equity of 46.8% (3-yr avg)
+High return on capital employed of 47.5%
+Healthy operating margin of 37%
+Profit CAGR of 21.5% over the last 3 years
+Revenue CAGR of 32.3% over the last 3 years
+Comfortable interest coverage of 76.3×
+High promoter holding of 73.4% with no pledge

Cons

−Low dividend payout of 9.1% of profit

Research score

Structured signal from quality, growth, valuation and momentum.

91/100

Business quality: 91
Growth

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Lodha Developers LimitedLODHALODHA	₹1,10,460 Cr	₹1,20,344 Cr	₹18,181 Cr	₹5,859 Cr	29.5%	₹4,126 Cr	20.6%	20.1%	15.8%	1,405
The Phoenix Mills LimitedPHOENIXLTDPHOENIXLTD	₹69,017 Cr	₹74,313 Cr	₹4,545 Cr	₹2,714 Cr	59.6%	₹1,280 Cr	35.2%	12.4%	11.4%	734
Prestige Estates Projects LimitedPRESTIGEPRESTIGE	₹64,006 Cr	₹78,992 Cr	₹13,053 Cr	₹3,675 Cr	29.2%	₹1,139 Cr	10.3%	13.6%	7.5%	2,755
Oberoi Realty LimitedOBEROIRLTYOBEROIRLTY	₹63,797 Cr	₹66,613 Cr	₹6,322 Cr	₹3,572 Cr	55.9%	₹2,630 Cr	41.7%	17.5%	14.9%	1,581
Godrej Properties LimitedGODREJPROPGODREJPROP	₹48,065 Cr	₹63,680 Cr	₹5,203 Cr	₹-458 Cr	-8.1%	₹1,600 Cr	35.9%	12.5%	10.1%	6,464
Anant Raj LimitedANANTRAJANANTRAJ	₹20,797 Cr	₹21,403 Cr	₹2,551 Cr	₹688 Cr	26.1%	₹579 Cr	22.2%	12%	11.2%	236
Brigade Enterprises LimitedBRIGADEBRIGADE	₹18,579 Cr	₹24,688 Cr	₹5,532 Cr	₹1,465 Cr	25.1%	₹695 Cr	12.7%	11.1%	10.3%	938
Horizon Industrial Parks LimitedHORIZONINDHORIZONIND	₹14,025 Cr	₹20,910 Cr	₹691 Cr	₹531 Cr	76.9%	₹-198 Cr	-29.5%	3.3%	-5.9%	-46
Sobha LimitedSOBHASOBHA	₹12,968 Cr	₹13,970 Cr	₹5,617 Cr	₹364 Cr	6%	₹231 Cr	3.7%	7.4%	4.2%	17,827
Aditya Birla Real Estate LimitedABRELABREL	₹12,293 Cr	₹17,929 Cr	₹450 Cr	₹-375 Cr	-88.2%	₹-116 Cr	-83%	-4.4%	-2.7%	22,467
Sri Lotus Developers And Realty LimitedLOTUSDEVLOTUSDEV	₹11,244 Cr	₹11,374 Cr	₹840 Cr	₹299 Cr	36.5%	₹257 Cr	31.6%	22.3%	16.7%	840
Signatureglobal (India) LimitedSIGNATURESIGNATURE	₹10,376 Cr	₹13,317 Cr	₹2,282 Cr	₹-126 Cr	-1.9%	₹1,044 Cr	42.2%	3.4%	85%	1,407

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	62	72	36	143
COGS	23	28	16	80
Gross profit	38	44	19	63
	9	5	5	10
	30	39	14	53
OPM %	47.8%	53.5%	39.8%	37%
Depreciation	0	0	0	2
Interest	2	1	0	1
	0	1	2	1
Profit before tax	27	38	15	51
Tax	6	10	4	13
Tax %	22.9%	26.2%	27.8%	26%
	21	28	11	38
PAT margin %	34.2%	38.6%	31%	26.5%
EPS (₹)	24.4	1.6	0.6	2.2
EPS adjusted (₹)	1.2	1.6	0.6	2.2
	0%	0%	15.6%	5.6%
Annual report	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	17	17	17	17	17
Reserves	—	-6	41	51	93
Minority interest	—	—	1	1	—
	—	31	38	73	83
	—	77	30	43	70
Total equity & liabilities	—	119	127	185	263
	1	1	1	21	33
CWIP	—	0	0	6	1
Investments	—	1	2	11	4
	—	117	124	147	224
Total assets	—	119	127	185	263

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	7	0	-5	-6
	-1	-2	-35	-5
	-6	6	35	14
Net cash flow	0	5	-4	4
Free cash flow	7	-1	-31	-15
CFO / Operating profit %	24.3%	0.8%	-33.4%	-11.1%

Compounded sales growth

7 years: —
5 years: —
3 years: 32%
1 year: 301%

Compounded profit growth

7 years: —
5 years: —
3 years: 22%
1 year: 243%

Return on equity

7 years: —
5 years: —
3 years: 32%
Last year: 34%

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Real Estate	89.29	41.15	230.8	117.67	113.13	36.37
Solar Unit	54.49	10.46

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	62%	60.6%	54.3%	43.9%
EBITDA margin %	47.8%	53.5%	39.8%	37%
EBIT margin %	47.5%	53%	38.5%	35.8%
PAT margin %	34.2%	38.6%	31%	26.5%
Working capital
Receivable days	4	35	43	95
Inventory days	1,589	1,363	2,948	746
Payable days	125	121	286	164
NWC days	1,467	1,276	2,706	677
Leverage
Current ratio	1.03	1.96	3.08	2.84
Debt to EBITDA	1.06	0.97	5.12	1.57
Debt to equity	2.81	0.65	1.06	0.75
Interest coverage	14.1	34.3	118.6	76.3
Asset turnover	0.52	0.57	0.19	0.54
Return ratios
Return on assets %	17.7%	21.8%	6%	14.4%
Return on capital employed %	173.2%	94.8%	15.4%	32.2%
Return on equity %	190.1%	48%	16.1%	34.3%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	73.39%	73.39%	73.39%	73.39%	73.39%	73.39%	73.39%	73.39%	73.39%	73.39%	73.39%	73.39%
	0.15%	0.01%	0.01%	0.1%	0.03%	0.3%	0.05%	0.01%	0%	0.01%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	26.46%	26.6%	26.6%	26.51%	26.58%	26.31%	26.56%	26.6%	26.61%	26.6%	26.61%	26.61%
No. of shareholders	—	—	—	—	—	—	—	—	10,482	10,319	10,081	10,043

Promoter holding up 0 percentage points since Sep 2023.

33 deals · 12 Oct 2022 – 26 Mar 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
26 Mar 2025	WEALTH 4 U HOSPITALITY CONSULTANCY PRIVATE LIMITED	Bulk	NSE	Sell	11,71,529	₹36.23	₹4.24 Cr
21 Feb 2025	MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	NSE	Buy	13,00,000	₹48.69	₹6.33 Cr
21 Feb 2025	DIVYAYUDH TRADING PRIVATE LIMITED	Bulk	NSE	Sell	11,98,000	₹48.69	₹5.83 Cr
21 Feb 2025	MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	NSE	Sell	4,75,375	₹48.69	₹2.31 Cr
17 Oct 2024	JALIYAN COMMODITY	Bulk	NSE	Buy	25,54,380	₹132.64	₹33.88 Cr
17 Oct 2024	JAINAM BROKING LIMITED	Bulk	NSE	Sell	25,54,380	₹132.64	₹33.88 Cr
17 Oct 2024	JAINAM BROKING LIMITED	Bulk	NSE	Buy	68	₹132.60	₹0.00 Cr
15 Oct 2024	DIVYAYUDH TRADING PRIVATE LIMITED	Bulk	NSE	Buy	12,00,000	₹138.03	₹16.56 Cr
15 Oct 2024	JAINAM BROKING LIMITED	Bulk	NSE	Sell	12,00,000	₹138.03	₹16.56 Cr
9 Apr 2024	JAINAM BROKING LIMITED	Bulk	NSE	Buy	1,55,000	₹921.41	₹14.28 Cr

1–10 of 33

1 / 4

Mr. JATIN DHANSUKHLAL SURATWALAExecutive Director-Chairperson-MD
Mr. MANOJ DHANSUKHLAL SURATWALAExecutive Director
Mrs. HEMABEN PANKAJKUMAR SUKHADIANon-Executive - Non Independent Director
Mrs. PRIYANKA MAYURESH OKANon-Executive - Independent Director
Mr. PRAMOD JAINNon-Executive - Independent Director
Mr. SHAILESH KASEGAONKARNon-Executive - Independent Director
Mr. Manish KasliwalChief Financial Officer
Ms. Pooja ThoraveCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Suratwwala Business Group Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

3

Final dividend11 Sept 2026 · ex-date₹0.12
Final dividend12 Sept 2025 · ex-date₹0.1
Final dividend21 Sept 2021 · ex-date₹0.4

1

Board meeting to consider results13 Aug 2026

1

Face value ₹10 → ₹118 Apr 2024 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

8 announcementsExport CSV

16 Sept 2026, 7:58 pmCompany Update

Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order

Award of Order / Receipt of Order PDF

2 Sept 2026, 12:57 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

31 Aug 2026, 6:48 pmCompany Update

NOTICE OF AGM AND BOOK CLOSURE PARTICULARS

General PDF

31 Aug 2026, 6:45 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

17 Aug 2026, 2:00 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

13 Aug 2026, 7:34 pmResult

Un-Audited Financial Results For Q1 Of 2026-2027

Financial Results PDF

13 Aug 2026, 7:28 pmBoard Meeting

Board Meeting Outcome for Outcome Of Board Meeting

Outcome of Board Meeting PDF

14 Jul 2026, 2:35 pmCompany Update

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 PDF

Date	Category	Subject	Filing
16 Sept 2026, 7:58 pm	Company Update Award of Order / Receipt of Order	Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order	PDF
2 Sept 2026, 12:57 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication

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Suratwwala Business Group Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Dividends3

Board meetings1

Stock splits1

Announcements

Ratio timeline

Not in the F&O segment

No fund holdings on record

Dividends3

Board meetings1

Stock splits1

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Segment results

0 · revenue

3

1

1

3

1

1