Suraj Estate Developers Ltd Falls to 52-Week Low of Rs.218

Stock Price Movement and Market Context

On the day in question, Suraj Estate Developers Ltd touched an intraday low of Rs.218, representing a 2.15% decline from previous levels and closing with a day change of -2.49%. This movement was largely in line with the broader Construction - Real Estate sector, which also fell by 2.16%. The Sensex opened flat with a marginal gain of 28.57 points but subsequently declined by 718.90 points, or 0.84%, settling at 81,617.04. The NIFTY REALTY index also hit a new 52-week low on the same day, indicating sector-wide pressures.

Suraj Estate’s stock is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained downward momentum. The Sensex itself is trading below its 50-day moving average, although the 50DMA remains above the 200DMA, suggesting some underlying market resilience despite short-term weakness.

Financial Performance and Valuation Metrics

Over the last 12 months, Suraj Estate Developers Ltd has delivered a negative return of 55.45%, significantly underperforming the Sensex, which posted a positive return of 6.62% over the same period. The stock’s 52-week high was Rs.522, highlighting the extent of the decline to the current low.

The company’s financial metrics reveal several areas of concern. The Debt to EBITDA ratio stands at 2.64 times, indicating a relatively high leverage level that may constrain financial flexibility. Interest expenses for the latest six months have increased by 67.91%, reaching Rs.41.12 crores, which adds to the cost burden. Operating cash flow for the year was negative at Rs.-306.34 crores, reflecting cash outflows from core business activities. Additionally, the Dividend Payout Ratio (DPR) is at its lowest point of 0.00%, signalling no dividend distribution to shareholders during the period.

Profitability metrics also point to subdued returns. The company’s average Return on Equity (ROE) is 9.68%, which is modest and suggests limited profitability relative to shareholders’ funds. However, the Return on Capital Employed (ROCE) is relatively higher at 12.8%, indicating some efficiency in capital utilisation. The Enterprise Value to Capital Employed ratio is 1.1, which is considered very attractive from a valuation standpoint.

Institutional Holding and Market Sentiment

Institutional investors have reduced their stake in Suraj Estate Developers Ltd by 1.01% over the previous quarter, now collectively holding 2.62% of the company’s shares. This decline in institutional participation may reflect a cautious stance given the company’s financial profile and recent performance trends. Institutional investors typically possess greater analytical resources, and their reduced involvement can be indicative of concerns regarding the company’s fundamentals.

Long-Term and Recent Performance Trends

Suraj Estate Developers Ltd has underperformed not only in the last year but also over longer time horizons. The stock has lagged behind the BSE500 index over the past three years, one year, and three months, underscoring persistent challenges in maintaining competitive returns. Despite the negative price performance, the company’s profits have risen by 35% over the past year, resulting in a Price/Earnings to Growth (PEG) ratio of 0.5, which suggests that the stock is trading at a valuation that factors in growth potential.

Rating and Market Position

MarketsMOJO assigns Suraj Estate Developers Ltd a Mojo Score of 45.0, with a current Mojo Grade of Sell, downgraded from Hold on 19 Nov 2025. The company’s Market Cap Grade is 3, reflecting its mid-tier market capitalisation within the realty sector. These ratings incorporate the company’s financial metrics, market performance, and sector dynamics, providing a comprehensive assessment of its current standing.

Summary of Key Financial Indicators

To summarise, Suraj Estate Developers Ltd’s key financial indicators as of the latest reporting period include:

• Debt to EBITDA ratio: 2.64 times


• Interest expense growth (latest six months): 67.91%, amounting to Rs.41.12 crores


• Operating cash flow (yearly): Rs.-306.34 crores


• Dividend Payout Ratio: 0.00%


• Return on Equity (average): 9.68%


• Return on Capital Employed: 12.8%


• Enterprise Value to Capital Employed: 1.1


• Profit growth over past year: 35%


• PEG ratio: 0.5

These figures illustrate a complex financial picture, with pressures on cash flow and debt servicing balanced against some positive profit growth and valuation metrics.

Sector and Market Dynamics

The realty sector continues to face headwinds, as reflected in the NIFTY REALTY index hitting a 52-week low alongside Suraj Estate Developers Ltd. The broader market’s decline on the day, with the Sensex falling by 0.84%, adds to the challenging environment for real estate stocks. Suraj Estate’s performance is consistent with these sectoral trends, compounded by company-specific financial factors.

Overall, the stock’s fall to Rs.218 marks a significant milestone in its recent price trajectory, underscoring the interplay of sectoral pressures, financial metrics, and market sentiment that have influenced its valuation over the past year.

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