Sector Alpha Week of 2026-07-31
Sector Alpha — machine-written from the numbers · Data as of 2026-07-31

Suratwwala Business Group Ltd

SBGLP
Realty - Construction & Contracting

Suratwwala Business Group Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it.

The sharpest disagreement: profits are rising, but only −25% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch.

The price is in a downtrend (60 weeks in) while the P/E sits at the 6th percentile of its own 3-year range. Underneath, the last four quarters read improving, and −25% of the last 3 years' profit arrived as cash. What settles it: whether the cash starts following the profit.

Stage
Turning around
partial read
Price
₹30.4
−25.8% 1Y
P/E
16.8×
6th pctile
of its own 3-year range
Revenue (Dec 25)
₹42.0 Cr
+1,300.0% YoY
Profit (Dec 25)
₹11.0 Cr
Operating margin
37.0%
+45.0 pp YoY
ROCE
12%
FY25
ROIC
23.5%
vs WACC 12.0% → +11.5 pp
Cash conversion
−25%
of profit, last 3 FY
Unverified figures: Some figures on this page come from a second financial-data feed that could not be cross-checked against the primary source — the two do not share enough overlapping reported history to compare. They are drawn, because they are the only evidence there is, and every section carrying one is marked unverified.
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Suratwwala Business Group Ltd trades at ₹30.4, in a downtrend and 60 weeks into that stage. That is −18.8% against its own 200-day average. It sits at 32% of a 52-week range of ₹22 to ₹49. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (6 weeks and counting).

Today the stock is in a downtrend — week 60 of stage 4, confirmed. At ₹30.4 it trades −18.8% versus its 200-day average and sits at 32% of its 52-week range (₹22–₹49).

Apr 26: ₹30.4 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 3-year window.
−18.8% versus the 200-day line, week 60 of stage 4
Price50-day avg200-day avg
S2S4₹146₹112₹77.8₹43.4₹9.0₹30₹38Apr 23Jan 24Oct 24Jul 25Apr 26
S2S4₹146₹112₹77.8₹43.4₹9.0₹30₹38Apr 23Oct 24Apr 26
Beating or trailing, week by week since 2020 Each cell is one week from 2020 to now (282 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Aug 20Apr 26

Against the market, two honest reads. Cumulative: over the last 5.7 years the stock moved +1,767% while the NIFTY 500 moved +144% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (6 weeks and counting; last ahead the week of 2026-03-06) — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

02 · Valuation

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Suratwwala Business Group Ltd trades at 16.8× P/E, near the bottom of its own range — cheaper only 6% of the time. Its long-run median P/E is 63.8×, measured across 2.7 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 16.8× is near the bottom of its own range — cheaper only 6% of the time, against a long-run median of 63.8× measured over 2.7 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 16.8× vs a 63.8× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 2.7-year window; loss-period spikes above 144× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
near the bottom of its own range — cheaper only 6% of the time
P/EMedianEPS (TTM) (quarterly)
154.8×₹2.0116.4×₹1.578.1×₹1.039.8×₹0.50.0×₹0.0×16.90×₹2Aug 23Apr 24Dec 24Aug 25Apr 26
154.8×₹2.0116.4×₹1.578.1×₹1.039.8×₹0.50.0×₹0.0×16.90×₹2Aug 23Dec 24Apr 26
P/E
16.8×
6th percentile of 3y

🚨 Why the multiple sits where it does: over the past year annual EPS moved −60.6% against a −25.8% price move — the price outran earnings, pushing the multiple UP its own range.

Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.

03 · Stage: Turning around

Stage: Turning around Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Suratwwala Business Group Ltd reads as turning around on its fundamental arc. Turning around — profit growth swung from −52.4% at the trough to +210.0%, a 3-quarter improving streak, ROCE holding at 12.0%. The read is built from 8 quarters across 4 curves, on partial evidence.

Growth, year by year: revenue −50.0% in FY25, profit −60.7% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn. Turnaround-year spikes shown pinned (▲).
Revenue YoYProfit YoYEPS YoY
6,595%347%4,800%178%3,004%8.4%1,208%−161%−588%−330%%%−50%−60.7%FY15FY20FY25
6,595%347%4,800%178%3,004%8.4%1,208%−161%−588%−330%%%−50%−60.7%FY15FY20FY25
Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. A missing point means that reading is not held for the quarter.
the trajectory the stage is read from · revenue accelerating, profit accelerating
RevenueProfitEPS
220%232%147%153%75%75%0.0%−3.8%−71%−82%%%200%210%210.3%Mar 23Jun 24Dec 25
220%232%147%153%75%75%0.0%−3.8%−71%−82%%%200%210%210.3%Mar 23Jun 24Dec 25
ROCE Annual readings — the quarterly balance-sheet pieces this curve needs are not held for this stock, so the returns read moves once a year and carries less weight in the call.
the return curve, annual readings
ROCE
83%58%32%6.5%−19%%12%FY22FY23FY25
83%58%32%6.5%−19%%12%FY22FY23FY25
Revenue growth
Recovering
latest +200.0% · span −50.7% to +200.0%
Profit growth
Recovering
latest +210.0% · span −60.7% to +210.0%
EPS growth
Recovering
latest +210.3% · span −60.0% to +210.3%
ROCE
Stuck low
latest 12.0% · span −12.0%–76.0%

Why it matters: growth inflections are where re-ratings start — the curves say a turn is forming, so the question becomes whether the next quarters confirm it.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.

Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue−50.0%+230.2%+26.8%+19.6%
Profit−60.7%+27.1%
EPS−60.6%+73.6%−34.8%
Share price−25.8%+18.0%+36.2%
Revenue YoY (Dec 25)
+1,300.0%
latest quarter vs a year ago
Revenue 10y
19.6%
long-run compound pace
04 · 4-Factor Sector Score

4-Factor Sector Score

50.5/100 — rank 12 of 26 in Realty - Construction & Contracting · 56% evidence confidence

Suratwwala Business Group Ltd scores 50.5 out of 100 against the 26 companies it is compared with in Realty - Construction & Contracting, ranking 12. Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

The four contributions add to the total exactly: 18.3 + 12.3 + 14.3 + 5.6 = 50.5. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

05 · Revenue

Revenue Revenue is the top line: everything the company billed its customers in the period.

Suratwwala Business Group Ltd reported ₹42.0 Cr of revenue in the Dec 25 quarter, +1,300.0% year on year. That is the 3rd straight quarter of year-on-year growth. Over 10 years it has compounded at 19.6% a year. The last full year, FY25, came in at ₹36.0 Cr. The last four reported quarters add to ₹105 Cr.

FY25 revenue came in at ₹36.0 Cr (−50.0% on the year), capping 10 years at 19.6% compound. The latest quarter (Dec 25) printed ₹42.0 Cr, +1,300.0% year on year — the 3rd consecutive quarter of year-over-year growth.

FY25 revenue ₹36.0 Cr (−50.0% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
19.6% a year over 10 years
RevenueYoY growth
786,595%584,800%393,004%191,208%0−588%₹ Cr%₹36−50%FY15FY20FY25
786,595%584,800%393,004%191,208%0−588%₹ Cr%₹36−50%FY15FY20FY25
Dec 25: ₹42.0 Cr (+1,300.0% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
3rd straight quarter of growth
Revenue (quarterly)YoY growth
451,411%341,008%23606%11203%0−200%₹ Cr%₹421,300%Mar 23Jun 24Dec 25
451,411%341,008%23606%11203%0−200%₹ Cr%₹421,300%Mar 23Jun 24Dec 25

Pace check: the last four quarters averaged +644.5% growth against the decade's 19.6% — the current year is running faster than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +200.0% over the last 4 quarters against +31.2%/yr over the last 8 — accelerating; TTM profit +210.0% vs +21.5%/yr — accelerating.

06 · Operating margin

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

Suratwwala Business Group Ltd's operating margin is 37.0% in the Dec 25 quarter, +45.0 percentage points against the same quarter a year ago. Across 12 fiscal years the operating margin has ranged −482.0% to 88.0%. The current quarter sits inside that band.

The latest quarter's operating margin is 37.0%, +45.0 pp against the same quarter a year ago. Across 12 fiscal years the operating margin has ranged −482.0%–88.0%.

Why the margin moved: operating margin went +45.3 pp year on year while gross margin went +21.5 pp — the gain came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.

FY25: 40.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 12-year window.
within a −482.0–88.0% band over 12 years
operating marginYoY change (pp)
134%617%−32%298%−197%−21%−362%−339%−528%−658%%%40%−14%FY14FY19FY25
134%617%−32%298%−197%−21%−362%−339%−528%−658%%%40%−14%FY14FY19FY25
Dec 25: 37.0% operating margin (+45.0 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
67%1,755%47%1,267%27%778%6.5%290%−14%−199%%%37%45%Mar 23Jun 24Dec 25
67%1,755%47%1,267%27%778%6.5%290%−14%−199%%%37%45%Mar 23Jun 24Dec 25
07 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Suratwwala Business Group Ltd earned ₹11.0 Cr of net profit in the Dec 25 quarter. Full-year FY25 profit was ₹11.0 Cr. The 10-year compound rate is 27.1%. That is 26.2% of the quarter's revenue. The same quarter a year earlier earned ₹0.0 Cr. 1 of the last 12 reported quarters were loss-making.

Dec 25 profit was ₹11.0 Cr, null year on year. On the full year, FY25 printed ₹11.0 Cr (−60.7%), and the 10-year compound rate is 27.1%.

FY25 profit ₹11.0 Cr (−60.7% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
27.1% a year over 10 years
Net profitYoY growth
31131%2020%9−92%−3−203%−14−314%₹ Cr%₹11−60.7%FY15FY20FY25
31131%2020%9−92%−3−203%−14−314%₹ Cr%₹11−60.7%FY15FY20FY25
Dec 25: ₹11.0 Cr (null YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Net profit (quarterly)YoY growth
1247%87.3%5−32%2−71%−2−111%₹ Cr%₹1125%Mar 23Jun 24Dec 25
1247%87.3%5−32%2−71%−2−111%₹ Cr%₹1125%Mar 23Jun 24Dec 25
08 · Cash flow — the router

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years −25% of Suratwwala Business Group Ltd's reported profit arrived as operating cash — a gap worth watching. In FY25 that was ₹−5.0 Cr of operating cash against ₹11.0 Cr of profit. After ₹26.0 Cr of capital spending, ₹−31.0 Cr was left as free cash.

FY25: operating cash of ₹−5.0 Cr against reported profit of ₹11.0 Cr, leaving free cash of ₹−31.0 Cr after ₹26.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is −25% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

FY25: CFO ₹−5.0 Cr vs profit ₹11.0 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 10-year window, annual resolution.
−25% of 3-year profit arrived as cash
Operating cashNet profitFree cash
3316−2−19−36₹ Cr₹−5₹11₹−31FY14FY20FY25
3316−2−19−36₹ Cr₹−5₹11₹−31FY14FY20FY25
FY25: CFO = −45% of profit (three-year rate −25%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash.
Conversion100%
196%−152%−500%−848%−1,196%%−45%FY14FY20FY25
196%−152%−500%−848%−1,196%%−45%FY14FY20FY25

🚨 Why conversion sits at −25%: the cash cycle tightened 3,025 days between FY20 and FY25 — cash that used to wait in the cycle now reaches the bank sooner. Less than 70% of profit arriving as cash is the thing to watch on this page.

Router verdict: no single sink dominates — the next section checks both the working-capital cycle and the capital spending.

09 · Where the cash goes

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Suratwwala Business Group Ltd's cash conversion cycle runs 43 days in FY25, down from 3,068 days in FY20. Capital spending ran ₹26.0 Cr over the last 3 years. At FY25 sales of ₹36.0 Cr each day of that cycle holds about ₹0.1 Cr, so roughly ₹4.0 Cr sits inside the business at any moment.

FY25: debtors at 43 days (an asset-light business — no inventory to speak of) — for a full cycle of 43 days, tighter than FY20's 3,068.

In money terms: at FY25 sales of ₹36.0 Cr, each day of the cycle holds about ₹0.1 Cr — so the 43-day loop keeps roughly ₹4.0 Cr sitting inside the business at any moment.

FY25: a 43-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 12-year window.
−3,025 days vs FY20
Cash cycleInventory daysDebtor daysPayable days
3,3132,4241,534644−245days43d1,192d43d123dFY14FY16FY19FY22FY25
3,3132,4241,534644−245days43d1,192d43d123dFY14FY19FY25

On the investment side: capital spending of ₹26.0 Cr over the last 3 fiscal years. Capital work-in-progress stands at ₹6.0 Cr (FY25) — capacity paid for but not yet earning.

FY25: capex ₹26.0 Cr, work-in-progress ₹6.0 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
steady investment
CapexWork-in-progress
28211470₹ Cr₹26₹6FY15FY17FY20FY22FY25
28211470₹ Cr₹26₹6FY15FY20FY25

The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.

10 · Return on capital

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Suratwwala Business Group Ltd earns a ROCE of 12% in FY25. That is up from a trough of −12% in FY22. Return on invested capital clears the cost of that capital by +11.5 percentage points, so growth here adds value rather than only size. The wiring behind it is 30.6% net margin on 0.19× asset turns.

FY25 ROCE is 12%, recovered from a FY22 trough of −12% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY25): 30.6% net margin × 0.19× asset turns × 2.72× balance-sheet leverage ≈ 15.8% on equity. Margin is doing the heavy lifting; leverage is a meaningful part of the equation.

The capstone test — ROIC − WACC: 23.5% − 12.0% = a +11.5 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. A spread this wide means every rupee reinvested creates more than a rupee of value — the engine compounds.

FY25: ROCE 12% Return on capital employed by fiscal year, % (line). 12-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the climb back from FY22's −12%
ROCEWACC
83%58%32%6.5%−19%%12%FY14FY16FY19FY22FY25
83%58%32%6.5%−19%%12%FY14FY19FY25
11 · Debt

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

Suratwwala Business Group Ltd carries ₹73.0 Cr of borrowings against ₹68.0 Cr of equity in FY25, a debt-to-equity of 1.07. Over 5 years borrowings went from ₹24.0 Cr to ₹73.0 Cr. Capital spending ran ₹26.0 Cr across the last 3 of those years.

FY25: borrowings of ₹73.0 Cr against equity of ₹68.0 Cr — a debt-to-equity of 1.07. Over 5 years borrowings went from ₹24.0 Cr to ₹73.0 Cr while capital spending ran ₹26.0 Cr in just the last 3 — part of the build-out is riding on borrowed money.

FY25: borrowings ₹73.0 Cr at 1.07× equity Borrowings by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 12-year window. Quarterly balance-sheet history is not held for India — annual is the honest resolution.
the debt trajectory
BorrowingsDebt-to-equity
796.7×593.7×390.7×20−2.2×0−5.2×₹ Cr×₹731.07×FY14FY16FY19FY22FY25
796.7×593.7×390.7×20−2.2×0−5.2×₹ Cr×₹731.07×FY14FY19FY25
12 · Ownership

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

No holder of Suratwwala Business Group Ltd moved a full percentage point over the last two years — the register is quiet. Foreign institutions moved +0.0 points over the same window, to 0.0%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Promoters: +0.0 points over 8 quarters to 73.4%; Foreign institutions: +0.0 points over 8 quarters to 0.0%.

Fiscal-year ends: promoters −1.4 pts from Mar 23 to Mar 26 Shareholding at each fiscal-year end (March quarter), % of the company. 4 year-ends held.
PromotersForeign inst.Public
81%59%37%16%−6.0%%73.4%0%26.6%Mar 23Mar 24Mar 26
81%59%37%16%−6.0%%73.4%0%26.6%Mar 23Mar 24Mar 26
A quiet register: no holder moved a full point in two years Shareholding by holder class, % of the company, quarterly, last 13 quarters.
PromotersForeign inst.Public
81%59%37%16%−6.0%%73.4%0%26.6%Mar 23Sep 24Mar 26
81%59%37%16%−6.0%%73.4%0%26.6%Mar 23Sep 24Mar 26
13 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Suratwwala Business Group Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

14 · Related companies · Realty - Construction & Contracting
CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Ashiana Housing LtdASHIANA 64.2/100Mixed-positive evidence96% evidence LEADER 26.4/35 Revenue 100% · PAT 100% · OPM change -2 pp 88% evidence 13.4/25 ROCE 14.4% · OPM 6% 100% evidence 5.5/20 P/E 33.3× · PEG 4.68 100% evidence 18.9/20 RS sector 20.7% · RS bench 19.2% · 1Y 23.5%12 of 12 weeks ahead 100% evidence
Exact sum: 26.4 + 13.4 + 5.5 + 18.9 = 64.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2Arihant Foundations & Housing LtdARIHANT 62.8/100Mixed-positive evidence77% evidence TURNING 18.8/35 Revenue 100% · PAT 41.9% · OPM change -17.1 pp 83% evidence 17.4/25 ROCE 17.5% · OPM 7.5% 95% evidence 10.7/20 P/E 19.3× · PEG — 50% evidence 15.9/20 RS sector 10.4% · RS bench 6.5% · 1Y -1.6%2 of 10 weeks ahead 70% evidence
Exact sum: 18.8 + 17.4 + 10.7 + 15.9 = 62.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3AGI Infra LtdAGIIL 61.8/100Mixed-positive evidence89% evidence FADING 20.2/35 Revenue 8.6% · PAT 43.9% · OPM change 5 pp 88% evidence 19.9/25 ROCE 20.1% · OPM 24% 100% evidence 10.8/20 P/E 41.1× · PEG 1.37 65% evidence 10.9/20 RS sector 4.1% · RS bench 3% · 1Y 46.1%8 of 12 weeks ahead 100% evidence
Exact sum: 20.2 + 19.9 + 10.8 + 10.9 = 61.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4Kesar India Ltd543542 61.2/100Mixed-positive evidence67% evidence TURNING 18.4/35 Revenue 91.9% · PAT 12.6% · OPM change 16 pp 71% evidence 19.8/25 ROCE 23.4% · OPM 24% 76% evidence 8.8/20 P/E 133× · PEG — 15% evidence 14.2/20 RS sector 20% · RS bench 19.4% · 1Y 81.4%3 of 12 weeks ahead 100% evidence
Exact sum: 18.4 + 19.8 + 8.8 + 14.2 = 61.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5Shriram Properties LtdSHRIRAMPPS 56.6/100Mixed-positive evidence83% evidence ASLEEP 23.4/35 Revenue 53.8% · PAT 32.5% · OPM change -1 pp 83% evidence 9.9/25 ROCE 8% · OPM 11% 95% evidence 12.9/20 P/E 14.2× · PEG — 50% evidence 10.4/20 RS sector -0.7% · RS bench -2.2% · 1Y -12.1%7 of 12 weeks ahead 100% evidence
Exact sum: 23.4 + 9.9 + 12.9 + 10.4 = 56.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6Capacite Infraprojects LtdCAPACITE 56.0/100Mixed-positive evidence77% evidence ASLEEP 18.0/35 Revenue 11.6% · PAT -4.9% · OPM change 2 pp 83% evidence 17.3/25 ROCE 15.5% · OPM 15% 95% evidence 13.8/20 P/E 9.6× · PEG — 50% evidence 6.9/20 RS sector -7.6% · RS bench -16.3% · 1Y -32.6%2 of 10 weeks ahead 70% evidence
Exact sum: 18 + 17.3 + 13.8 + 6.9 = 56 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7Geecee Ventures LtdGEECEE 53.7/100Mixed-positive evidence83% evidence BREAKING OUT 14.8/35 Revenue -44.4% · PAT -12.5% · OPM change 59 pp 83% evidence 10.7/25 ROCE 6.3% · OPM 87% 95% evidence 9.8/20 P/E 17.5× · PEG — 50% evidence 18.4/20 RS sector 7.8% · RS bench 6.1% · 1Y -5.1%11 of 12 weeks ahead 100% evidence
Exact sum: 14.8 + 10.7 + 9.8 + 18.4 = 53.7 · Decision use: Price leads the evidence: RS versus the benchmark is 6.1%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
8Hubtown LtdHUBTOWN 52.4/100Mixed-positive evidence73% evidence ASLEEP 25.3/35 Revenue 57.8% · PAT 100% · OPM change 40 pp 88% evidence 10.8/25 ROCE 9.5% · OPM 49% 100% evidence 10.5/20 P/E 18.2× · PEG — 15% evidence 5.8/20 RS sector -10.6% · RS bench -24.3% · 1Y -39.6%0 of 10 weeks ahead 70% evidence
Exact sum: 25.3 + 10.8 + 10.5 + 5.8 = 52.4 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -10.6% and the one-year return is -39.6%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
9Sunteck Realty LtdSUNTECK 50.8/100Mixed-positive evidence93% evidence ASLEEP 25.7/35 Revenue 55.5% · PAT 31.1% · OPM change 10 pp 100% evidence 8.4/25 ROCE 7.5% · OPM 35% 100% evidence 13.9/20 P/E 20.8× · PEG 0.87 65% evidence 2.8/20 RS sector -19% · RS bench -20.2% · 1Y -28%0 of 12 weeks ahead 100% evidence
Exact sum: 25.7 + 8.4 + 13.9 + 2.8 = 50.8 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -19% and the one-year return is -28%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
10Puravankara LtdPURVA 50.6/100Thin evidence · provisional58% evidence ASLEEP 24.0/35 Revenue 85.7% · PAT 100% · OPM change 14 pp 62% evidence 11.2/25 ROCE 11.2% · OPM 20% 76% evidence 9.1/20 P/E 78.5× · PEG — 15% evidence 6.3/20 RS sector -13.6% · RS bench -11.5% · 1Y -23.2%5 of 10 weeks ahead 70% evidence
Exact sum: 24 + 11.2 + 9.1 + 6.3 = 50.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
11Ajmera Realty & Infra India LtdAJMERA 50.5/100Mixed-positive evidence72% evidence TURNING 20.5/35 Revenue 47.7% · PAT 24.6% · OPM change -4 pp 83% evidence 16.3/25 ROCE 14.3% · OPM 25% 76% evidence 10.1/20 P/E 16.6× · PEG — 50% evidence 3.6/20 RS sector -24.9% · RS bench -21.2% · 1Y -32.6%3 of 11 weeks ahead 70% evidence
Exact sum: 20.5 + 16.3 + 10.1 + 3.6 = 50.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
12Suratwwala Business Group Ltdthis pageSBGLP 50.5/100Thin evidence · provisional56% evidence 18.3/35 Revenue 100% · PAT 100% · OPM change 45 pp 40% evidence 12.3/25 ROCE 12.4% · OPM 37% 71% evidence 14.3/20 P/E 16.8× · PEG — 50% evidence 5.6/20 RS sector -15.1% · RS bench -14.8% · 1Y -31.9%2 of 12 weeks ahead to 2026-04-19 70% evidence
Exact sum: 18.3 + 12.3 + 14.3 + 5.6 = 50.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
13Eldeco Housing & Industries LtdELDEHSG 50.2/100Mixed-positive evidence77% evidence ASLEEP 18.2/35 Revenue 23.1% · PAT 12.9% · OPM change -4.7 pp 83% evidence 11.8/25 ROCE 7.7% · OPM 10.9% 95% evidence 6.5/20 P/E 31.3× · PEG — 50% evidence 13.7/20 RS sector 28.2% · RS bench -9.7% · 1Y 1.8%0 of 10 weeks ahead 70% evidence
Exact sum: 18.2 + 11.8 + 6.5 + 13.7 = 50.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
14Suraj Estate Developers LtdSURAJEST 49.6/100Mixed-negative evidence83% evidence ASLEEP 15.7/35 Revenue 1.3% · PAT -10% · OPM change 28 pp 83% evidence 17.2/25 ROCE 14.5% · OPM 50% 95% evidence 14.1/20 P/E 10.4× · PEG — 50% evidence 2.6/20 RS sector -18.5% · RS bench -19.8% · 1Y -38.1%0 of 12 weeks ahead 100% evidence
Exact sum: 15.7 + 17.2 + 14.1 + 2.6 = 49.6 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
15Raymond LtdRAYMOND 49.0/100Mixed-negative evidence65% evidence TURNING 19.1/35 Revenue 13.6% · PAT -29.8% · OPM change 4 pp 83% evidence 9.5/25 ROCE 3.1% · OPM 12% 76% evidence 11.5/20 P/E 0.7× · PEG — 15% evidence 8.9/20 RS sector -18.2% · RS bench 14% · 1Y -17.5%10 of 10 weeks ahead 70% evidence
Exact sum: 19.1 + 9.5 + 11.5 + 8.9 = 49 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
16Arvind SmartSpaces LtdARVSMART 48.5/100Mixed-negative evidence78% evidence ASLEEP 13.3/35 Revenue -20.9% · PAT -14.2% · OPM change 17 pp 83% evidence 15.8/25 ROCE 12.9% · OPM 38% 76% evidence 9.1/20 P/E 28.2× · PEG — 50% evidence 10.3/20 RS sector -0.2% · RS bench -1.6% · 1Y -5.2%5 of 12 weeks ahead 100% evidence
Exact sum: 13.3 + 15.8 + 9.1 + 10.3 = 48.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
17Hemisphere Properties India LtdHEMIPROP 42.0/100Mixed-negative evidence62% evidence TURNING 18.9/35 Revenue 9.9% · PAT -49.2% · OPM change 408.3 pp 65% evidence 0.5/25 ROCE -1.1% · OPM -900% 100% evidence 10.0/20 P/E — · PEG — 0% evidence 12.6/20 RS sector 6.5% · RS bench -5.8% · 1Y 1.8%2 of 10 weeks ahead 70% evidence
Exact sum: 18.9 + 0.5 + 10 + 12.6 = 42 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
18PVP Ventures LtdPVP 40.8/100Mixed-negative evidence65% evidence FADING 20.1/35 Revenue 100% · PAT -16.2% · OPM change -10 pp 62% evidence 6.0/25 ROCE 6.2% · OPM 17.4% 95% evidence 10.0/20 P/E — · PEG — 0% evidence 4.7/20 RS sector -9.5% · RS bench -10.6% · 1Y 27%5 of 12 weeks ahead 100% evidence
Exact sum: 20.1 + 6 + 10 + 4.7 = 40.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
19Ganesh Housing LtdGANESHHOU 40.6/100Mixed-negative evidence94% evidence TURNING 4.2/35 Revenue -28.6% · PAT -54.1% · OPM change -46 pp 100% evidence 18.0/25 ROCE 18.8% · OPM 39% 100% evidence 12.8/20 P/E 23.3× · PEG 0.31 100% evidence 5.6/20 RS sector -19.7% · RS bench -4.1% · 1Y -16.6%8 of 10 weeks ahead 70% evidence
Exact sum: 4.2 + 18 + 12.8 + 5.6 = 40.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
20Valor Estate LtdDBREALTY 38.8/100Mixed-negative evidence81% evidence BREAKING OUT 19.0/35 Revenue 81.6% · PAT 100% · OPM change -86.8 pp 65% evidence 6.1/25 ROCE 1.6% · OPM -91% 100% evidence 4.4/20 P/E 237.7× · PEG 4.19 65% evidence 9.3/20 RS sector -11.1% · RS bench -12.9% · 1Y -38.9%9 of 12 weeks ahead 100% evidence
Exact sum: 19 + 6.1 + 4.4 + 9.3 = 38.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
21Omaxe LtdOMAXE 34.8/100Thin evidence · provisional59% evidence TURNING 8.6/35 Revenue -19.7% · PAT -1.6% · OPM change -38 pp 62% evidence 1.9/25 ROCE -110% · OPM -58% 95% evidence 10.0/20 P/E — · PEG — 0% evidence 14.3/20 RS sector 4% · RS bench 6.5% · 1Y -8.5%1 of 10 weeks ahead 70% evidence
Exact sum: 8.6 + 1.9 + 10 + 14.3 = 34.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
22Keystone Realtors LtdRUSTOMJEE 33.9/100Adverse evidence72% evidence TURNING 12.8/35 Revenue 31.4% · PAT -49.7% · OPM change -3 pp 83% evidence 8.6/25 ROCE 4.7% · OPM 5% 76% evidence 6.6/20 P/E 64× · PEG — 50% evidence 5.9/20 RS sector -11.6% · RS bench -18.8% · 1Y -36%0 of 10 weeks ahead 70% evidence
Exact sum: 12.8 + 8.6 + 6.6 + 5.9 = 33.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
23Peninsula Land LtdPENINLAND 33.8/100Adverse evidence65% evidence BASING 13.0/35 Revenue -44.4% · PAT -80% · OPM change -12.7 pp 62% evidence 6.7/25 ROCE 5.3% · OPM -15% 95% evidence 10.0/20 P/E — · PEG — 0% evidence 4.1/20 RS sector -34.4% · RS bench -35.9% · 1Y -59.3%0 of 12 weeks ahead 100% evidence
Exact sum: 13 + 6.7 + 10 + 4.1 = 33.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
24SignatureGlobal India LtdSIGNATURE 32.5/100Adverse evidence86% evidence ASLEEP 15.8/35 Revenue 3.9% · PAT 100% · OPM change -3 pp 83% evidence 4.4/25 ROCE 2.6% · OPM 5% 95% evidence 5.1/20 P/E 322× · PEG 3.94 65% evidence 7.2/20 RS sector -14.1% · RS bench -15.3% · 1Y -30.8%0 of 12 weeks ahead 100% evidence
Exact sum: 15.8 + 4.4 + 5.1 + 7.2 = 32.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
25Kolte Patil Developers LtdKOLTEPATIL 30.0/100Adverse evidence70% evidence ASLEEP 3.4/35 Revenue -57.2% · PAT -80% · OPM change -17.4 pp 88% evidence 5.2/25 ROCE -0.3% · OPM -2.4% 100% evidence 10.0/20 P/E — · PEG — 0% evidence 11.4/20 RS sector 1.1% · RS bench -1.8% · 1Y -13.5%3 of 10 weeks ahead 70% evidence
Exact sum: 3.4 + 5.2 + 10 + 11.4 = 30 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
26Laxmi Goldorna House LtdLGHL 52.3/100Thin evidence · provisional48% evidence ASLEEP 16.3/35 Revenue — · PAT — · OPM change -1.5 pp 19% evidence 16.3/25 ROCE 17% · OPM 18.2% 95% evidence 9.0/20 P/E 87.5× · PEG — 15% evidence 10.7/20 RS sector 4.8% · RS bench -26.9% · 1Y -38.3%0 of 10 weeks ahead 70% evidence
Exact sum: 16.3 + 16.3 + 9 + 10.7 = 52.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. 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 curve the sector itself 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 widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

15 · Frequently asked questions

Frequently asked questions

What is Suratwwala Business Group Ltd's share price today?

Suratwwala Business Group Ltd trades at ₹30.4, −25.8% over the past year. The company is valued at ₹524 Cr. The stock sits at 32% of its 52-week range of ₹22–₹49, −18.8% versus its 200-day average. On the tape, the price is in a downtrend, 60 weeks in. — as of 31 July 2026.

What were Suratwwala Business Group Ltd's latest quarterly results?

Suratwwala Business Group Ltd reported revenue of ₹42.0 Cr and net profit of ₹11.0 Cr for the Dec 25 quarter. Earnings per share were ₹0.64. The operating margin was 37.0%, 45.0 pp higher than a year earlier. — as of 31 July 2026.

What is Suratwwala Business Group Ltd's revenue?

Suratwwala Business Group Ltd reported revenue of ₹42.0 Cr in the Dec 25 quarter, +1,300.0% year on year. For the full FY25 fiscal year, revenue was ₹36.0 Cr (−50.0%). Over the last 10 years revenue compounded at 19.6% a year. — as of 31 July 2026.

What is Suratwwala Business Group Ltd's profit?

Suratwwala Business Group Ltd earned ₹11.0 Cr of net profit in the Dec 25 quarter. Full-year FY25 profit was ₹11.0 Cr. The operating margin ran 37.0% in the latest quarter. — as of 31 July 2026.

What is Suratwwala Business Group Ltd's market cap?

Suratwwala Business Group Ltd's market capitalisation is ₹524 Cr at a share price of ₹30.4. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 31 July 2026.

What is Suratwwala Business Group Ltd's P/E ratio?

Suratwwala Business Group Ltd trades at a P/E of 16.8×, at the 6th percentile of its own 3-year range, against a long-run median of 63.8×. This is a comparison with the stock's own history, not a value call — as of 31 July 2026.

Does Suratwwala Business Group Ltd pay a dividend?

Not in its latest year — Suratwwala Business Group Ltd's dividend payout was 0% of profit in FY25. It did record a payout in 1 of its last 12 reported fiscal years, so there is a history but no current dividend. — as of 31 July 2026.

Is Suratwwala Business Group Ltd overvalued?

On its own history, Suratwwala Business Group Ltd looks cheap against its own history: its P/E of 16.8× has been cheaper only 6% of the time in 3 years (long-run median 63.8×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 31 July 2026.

How is Suratwwala Business Group Ltd performing?

Suratwwala Business Group Ltd is in a downtrend, 60 weeks in. Against the NIFTY 500 it has been behind on a trailing-13-week view for 6 weeks. This describes what the data did, not a rating. — as of 31 July 2026.

What stage is Suratwwala Business Group Ltd in?

Turning around — profit growth swung from −52.4% at the trough to +210.0%, a 3-quarter improving streak, ROCE holding at 12.0%. The read comes from the last 12 quarters of growth (revenue growth +200.0% latest, profit growth +210.0% latest, eps growth +210.3% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 31 July 2026.

Is Suratwwala Business Group Ltd in an uptrend?

No — the price is in a downtrend (week 60 of stage 4), trading −18.8% versus its 200-day average and at 32% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 31 July 2026.

Is Suratwwala Business Group Ltd beating the market?

Not lately — on a trailing-13-week view Suratwwala Business Group Ltd is currently behind the NIFTY 500 (6 weeks and counting; last ahead the week of 2026-03-06), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 5.7 years the stock moved +1,767% against the NIFTY 500's +144% — ahead of the index over the full window. — as of 31 July 2026.

Will Suratwwala Business Group Ltd's share price go up?

This page publishes no price forecast for Suratwwala Business Group Ltd. What it measures instead: the share price is ₹30.4, the price is in a downtrend 60 weeks in. Its P/E of 16.8× sits at the 6th percentile of its own 3-year range. — as of 31 July 2026.

Who owns Suratwwala Business Group Ltd?

Promoters hold 73.4% of Suratwwala Business Group Ltd, foreign institutions 0.0%, domestic institutions null% and the public 26.6% (latest quarter). No holder moved a full point over the last two years — the register is quiet. — as of 31 July 2026.

Does Suratwwala Business Group Ltd have too much debt?

It carries real leverage — Suratwwala Business Group Ltd's debt-to-equity is 1.07, and operating profit covers the interest bill 39×. FY25 borrowings were ₹73.0 Cr against equity of ₹68.0 Cr. Read the returns on this page with that leverage in mind — as of 31 July 2026.

What is Suratwwala Business Group Ltd's capex?

Suratwwala Business Group Ltd spent ₹26.0 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY25 alone that was ₹26.0 Cr, with ₹6.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 31 July 2026.

What is Suratwwala Business Group Ltd's cash flow?

Suratwwala Business Group Ltd generated ₹−5.0 Cr of operating cash flow in FY25 and ₹−31.0 Cr of free cash flow after ₹26.0 Cr of capital spending. Reported profit that year was ₹11.0 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 31 July 2026.

Is Suratwwala Business Group Ltd's profit real cash?

Not fully — over the last 3 fiscal years, −25% of Suratwwala Business Group Ltd's reported profit arrived as operating cash. In FY25, operating cash was ₹−5.0 Cr against reported profit of ₹11.0 Cr. The cash then goes into a mix of the working-capital cycle and capacity. Cash-flow resolution is annual — as of 31 July 2026.

Where is Suratwwala Business Group Ltd in its business cycle?

Suratwwala Business Group Ltd's FY25 operating margin was 40.0%, against a 12-year band of −482.0%–88.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 37.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 31 July 2026.

What could break the Suratwwala Business Group Ltd story?

The sharpest disagreement: profits are rising, but only −25% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 31 July 2026.

Is Suratwwala Business Group Ltd a stock worth studying right now?

This is not investment advice. The machine read: Suratwwala Business Group Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it. The sharpest open question: whether the cash starts following the profit. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 31 July 2026.

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