Suraj Estate Developers share price today

Suraj Estate Developers Ltd's share price was ₹189.52 at the close on 4 November 2026. It has been falling for 92 weeks. That is 12.9% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹171 and ₹290, and at that close it sat 16% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Suraj Estate Developers Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 1 week in a row.

Over the last 2.8 years the share price moved −43% while the NIFTY 500 moved +13%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

2. Operating margin down 12 points on a year earlier

   33% in the September 2026 quarter, from 45%.

For July to September 2026 (the quarter ended 30 September 2026), Suraj Estate Developers reported revenue of ₹170 crore, up 17.2% from ₹145 crore a year earlier, and a profit of ₹23.0 crore, down 30.3% from ₹33.0 crore.

Suraj Estate Developers results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

The newest call in our records is from 17 August 2026, about April to June 2026; a call about these results is not in our records yet.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Suraj Estate Developers closed at ₹189.52 on 4 November 2026, down 34.7% from ₹290.35 a year earlier (7 November 2025). Its highest weekly close since December 2023 was ₹798.95 on 16 August 2024.

Suraj Estate Developers share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

155 weekly closes from 29 December 2023 to 4 November 2026.

4 Nov 2026: Suraj Estate Developers closed at ₹189.52, up 9.9% on the week and down 5.3% on the month. Results for July to September 2026: Revenue up 17.2% and profit down 30.3% on a year earlier.

Earlier

• 17 Aug 2026: Suraj Estate Developers held its results call for April to June 2026. Management guided: FY27 launch pipeline totals about ₹1,600 crore: approximately ₹240 crore in Q2, ₹800-880 crore in Q3 and about ₹480 crore in Q4; Suraj Innova CC and RERA approvals expected soon.

Suraj Estate Developers paid no dividend in the 12 months to 5 November 2026. The last was a dividend of ₹1 a share, ex-date 20 September 2024.

Suraj Estate Developers dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Not in its latest year. Suraj Estate Developers Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 1 of its last 8 reported years, so there is a history but no current dividend.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 17 August 2026, Suraj Estate Developers' management guided: FY27 launch pipeline totals about ₹1,600 crore: approximately ₹240 crore in Q2, ₹800-880 crore in Q3 and about ₹480 crore in Q4; Suraj Innova CC and RERA approvals expected soon.

“No, there is no timeline. Unless we get the plot, only then can we discuss amalgamation. I think the first step is to complete the conveyances and finalize the ownership tie-up. Then we can provide a timeline for the plot amalgamation. That is a process with the BMC, so I do not see that as an issue. The main requirement is to tie up the balance plots.”Rahul Thomas, on the call for April to June 2026

What management guided

• FY27 accounting revenue growth of 10-15% versus the last financial year.
• Operating margin of 35-37% for the next two years.
• FY27 pre-sales goal of about ₹700 crore across residential and commercial; internal goal higher.
• Suraj One Business Bay goal of at least 1 lakh sq ft booked across the total amalgamated plot during FY27.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 17 August 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

When Suraj Estate Developers reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: FY27 launch cadence: check whether project approvals and scheduled launches translate into sales and collections on time.

Suraj Estate Developers is on 2 of our India lists: 52 week high & low and Real estate, REIT & cement.

Suraj Estate Developers Ltd earned ₹23.0 Cr of net profit in the Sep 2026 quarter, −30.3% on the same quarter a year earlier. Full-year FY26 profit was ₹90.0 Cr. Over 7 years profit has grown 72.3% a year on average. That is 13.5% of the quarter's revenue. The same quarter a year earlier earned ₹33.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹90.0 Cr (−10.0% on the year before).

Why profit moved: revenue changed +17.2% on a year earlier and the margin moved −12.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed −8.7% and revenue +1.4%. Profit is growing slower than sales: rising costs are taking part of the growth.

Suraj Estate Developers Ltd reported ₹170 Cr of revenue in the Sep 2026 quarter, +17.2% on the same quarter a year earlier. That is the 2nd quarter in a row with growth on the year before. Over 7 years it has grown 48.4% a year on average. The last full year, FY26, came in at ₹556 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹594 Cr.

FY26 revenue was ₹556 Cr, +1.3% on the year before.

Recent pace: the last four quarters grew +1.4% on average, against 48.4% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +1.9%, against +15.0% a year over the last 8 quarters (rolling over); profit over the last 12 months grew −10.9%, against −8.5% a year (stabilising).

Suraj Estate Developers Ltd's operating margin was 33.0% in the Sep 2026 quarter, 12.0 percentage points lower than the same quarter a year ago. Across 8 years it has been between 36.0% and 157.0%. The latest quarter is below every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −12.2 percentage points on the year while gross margin changed −14.2 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years Suraj Estate Developers Ltd's operations used more cash than they brought in, so cash conversion was −137%, a gap worth watching. In FY26 its operations used ₹54.0 Cr of cash, against ₹90.0 Cr of profit. After ₹34.0 Cr of spending on assets, free cash was −₹88.0 Cr: it spent more than its operations brought in.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason.

What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building.

Suraj Estate Developers Ltd's customer, stock and supplier day counts come out in the thousands of days on sales this small (₹556 Cr in FY26), so no cash-cycle chart is drawn and this section looks at its spending on assets instead. It spent ₹64.0 Cr on assets over the last 3 years.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Averaged over those years that is 3.8% of FY26 revenue a year.

Spending on assets: ₹64.0 Cr over the last 3 years, against ₹14.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹0.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Suraj Estate Developers Ltd's P/E is 11.1×, near the low end of its own history: it has been lower only 26% of the time. Its usual P/E (the middle reading) is 15.1×, over 2.8 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Why the multiple is where it is: over the past year earnings per share moved −9.9% while the price moved −34.7%. Earnings did better than the price, which pulled the multiple down within its own range.

In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.

Suraj Estate Developers Ltd's business is giving mixed signals. Revenue growth is rising at +17.2% (from single-quarter figures) while profit growth is falling at −30.3% (from single-quarter figures), so the lines disagree and each one tells part of the story. This is based on 11 quarters of 3 measures, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: when the lines disagree, each line above matters more than any single label.

One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result.

This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Suraj Estate Developers Ltd earned a ROCE of 14% in FY26. Its return on capital used (ROIC) is 3.2 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 16.2% net margin and 0.28× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a 16.2% net margin × 0.28× asset turnover × 1.97× leverage (assets divided by equity) ≈ 8.9% on equity. The margin does most of the work; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: 8.8% − 12.0% = −3.2 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve.

The 8.8% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 10.4%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method.

Suraj Estate Developers Ltd has total debt of ₹802 Cr against shareholder equity of ₹1,039 Cr as of Sep 2026, so its debt is 0.77× its equity. Year by year, that ratio went from 0.84 in FY24 to 0.65 in FY26. Keep that borrowing in mind when reading the returns on this page.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

Promoters cut their stake in Suraj Estate Developers Ltd by 5.2 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 69.8% of the company. Domestic institutions moved −1.5 points over the same period, to 1.0%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Promoters: −5.2 points over 8 quarters, to 69.8%; Domestic institutions: −1.5 points over 8 quarters, to 1.0%; Foreign institutions: −1.0 points over 8 quarters, to 2.1%.

Why the owners changed: promoters drove it (−5.2 points), together with domestic institutions (−1.5 points). They reduced their stake.

For Suraj Estate Developers Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

48.6 out of 100, rank 13 of 26 in Realty - Construction & Contracting, with 100% of the evidence available.

Suraj Estate Developers Ltd scores 48.6 out of 100 against the 26 companies it is compared with in Realty - Construction & Contracting, ranking 13. The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far.

The four parts add up to the total exactly: 10.4 + 16.9 + 16.8 + 4.5 = 48.6. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Suraj Estate Developers ranks 13 of 26 Realty - Construction & Contracting companies on the 4-Factor Sector Score, with 48.6 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Realty - Construction & Contracting, all 26 compared on one page.

Suraj Estate Developers is the 22nd largest of 26 Realty - Construction & Contracting companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: PVP Ventures, Shriram Properties and Arihant Foundations & Housing. Just below it: Eldeco Housing & Industries, Geecee Ventures and Peninsula Land.

Realty - Construction & Contracting companies close in size

19. PVP Ventures Ltd ₹1,157 crore
20. Shriram Properties Ltd ₹1,091 crore
21. Arihant Foundations & Housing Ltd ₹888 crore
22. Suraj Estate Developers Ltd ₹824 crore
23. Eldeco Housing & Industries Ltd ₹769 crore
24. Geecee Ventures Ltd ₹734 crore
25. Peninsula Land Ltd ₹485 crore

All 26 Realty - Construction & Contracting companies, largest first

Companies close in size in other industries

1716. Permanent Magnets Ltd ₹826 crore · Shunt Resistors
1717. Salzer Electronics Ltd ₹824 crore · Capital Goods - Electric General
1718. Suraj Estate Developers Ltd ₹824 crore
1719. Ambika Cotton Mills Ltd ₹823 crore · Textiles - Spinning
1720. Hexa Tradex Ltd ₹823 crore · Trading

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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