BSE: 543218 | NSE: SBGLP | Construction - Real Estate | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Suratwwala Business Group Ltd is a average quality company.
The key valuation ratios of Suratwwala Business Group Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Suratwwala Business Group Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 32.6% | 35.2% | 14% | 10.2% | 26% | -9.4% | 222.5% | 81.9% | - |
| Value Creation Index ⓘ | 1.3 | 1.5 | -0 | -0.3 | 0.9 | NA | 14.9 | 4.9 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||
| Sales ⓘ | 16.3 | 10.8 | 9 | 10.8 | 12.8 | 0.8 | 61.8 | 72 | 47 |
| Sales YoY Gr. | - | -33.6% | -17.2% | 19.8% | 18.6% | -93.8% | 7,722.8% | 16.5% | - |
| Adj EPS ⓘ | 0.3 | 0.3 | 0.1 | 0 | 0.4 | -0.6 | 1.2 | 0.2 | 1 |
| YoY Gr. | - | 24% | -71% | -55.6% | 800% | -272.2% | NA | -86.9% | - |
| BVPS (₹) ⓘ | 0.7 | 1 | 1.1 | 1.1 | 1.6 | -0.6 | 0.6 | 0.3 | 3.6 |
| Adj Net Profit ⓘ | 2.2 | 2.7 | 0.8 | 0.6 | 6.2 | -10.8 | 21.2 | 27.8 | 16 |
| Cash Flow from Ops. ⓘ | 0.6 | 2.4 | -12.6 | -11.6 | -6.8 | 9.1 | 7.4 | -7.5 | - |
| Debt/CF from Ops. ⓘ | 11.4 | 1.8 | -1.3 | -2.1 | -3.6 | 2.1 | 0.9 | -2.8 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 51.7% | 78.1% | 16.5% | ||||
| Adj EPS ⓘ | NA | 12.2% | -23.7% | -86.9% | ||||
| BVPSⓘ | NA | -21.3% | -40.4% | -48.4% | ||||
| Share Price | - | - | 130.8% | 138.4% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 36 | 36.3 | 8.2 | 4.8 | 30.2 | -127 | 4185.4 | 80.5 | 48.6 |
| Op. Profit Mgn % ⓘ | 26.4 | 41.1 | 30.9 | 32.4 | 87.9 | -456.2 | 48.7 | 54.5 | 51.8 |
| Net Profit Mgn % ⓘ | 13.6 | 25.3 | 8.5 | 5.3 | 48.6 | -1355.9 | 34.2 | 38.6 | 34.8 |
| Debt to Equity ⓘ | 1.2 | 0.5 | 1.6 | 1.7 | 0.9 | -1.9 | 0.6 | 0.4 | 0 |
| Working Cap Days ⓘ | 0 | 937 | 1,459 | 1,572 | 1,726 | 35,963 | 525 | 482 | 1,750 |
| Cash Conv. Cycle ⓘ | 0 | 58 | 766 | 1,005 | 743 | 28,499 | 375 | 310 | 845 |
Sales growth is growing at healthy rate in last 3 years 78.06%
Return on Equity has declined versus last 3 years average to 48.60%
Net Profit has been subdued in last 3 years -23.69%
Sales growth is not so good in last 4 quarters at -22.72%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 1 | 1 |
| TTM Sales (₹ Cr.) | 47.4 | 48.4 |
| BVPS (₹.) ⓘ | 3.6 | 3.6 |
| Reserves (₹ Cr.) ⓘ | 45 | 45 |
| P/BV ⓘ | 31.03 | 31.04 |
| PE ⓘ | 117.25 | 117.19 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 45.17 / 143.05 |
| All Time Low / High (₹) | 1.52 / 143.05 |
| Market Cap (₹ Cr.) | 1,927 |
| Equity (₹ Cr.) | 17.3 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 72.9 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|
| Sales | 16 | 11 | 9 | 11 | 13 | 1 | 62 | 72 |
| Operating Expenses ⓘ | 12 | 6 | 6 | 7 | 2 | 4 | 32 | 33 |
| Manufacturing Costs | 3 | 1 | 4 | 0 | 0 | 0 | 0 | 0 |
| Material Costs | 6 | 1 | -2 | 4 | -2 | 0 | 23 | 28 |
| Employee Cost | 0 | 1 | 2 | 2 | 2 | 1 | 2 | 1 |
| Other Costs ⓘ | 2 | 4 | 2 | 2 | 2 | 3 | 6 | 3 |
| Operating Profit ⓘ | 4 | 4 | 3 | 3 | 11 | -4 | 30 | 39 |
| Operating Profit Margin (%) | 26.4% | 41.1% | 30.7% | 30.7% | 87.9% | -456.0% | 48.6% | 54.5% |
| Other Income ⓘ | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 1 |
| Interest ⓘ | 1 | 0 | 1 | 3 | 4 | 4 | 3 | 2 |
| Depreciation ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 3 | 4 | 1 | 1 | 8 | -7 | 27 | 38 |
| Tax ⓘ | 1 | 2 | 1 | 0 | 2 | 4 | 6 | 10 |
| Profit After Tax | 2 | 3 | 1 | 0 | 6 | -11 | 21 | 28 |
| PAT Margin (%) | 13.7% | 25.3% | 8.5% | 4.2% | 48.6% | -1,354.3% | 34.3% | 38.6% |
| Adjusted EPS (₹) | 0.3 | 0.3 | 0.1 | 0.0 | 0.4 | -0.6 | 1.2 | 0.2 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 11% | 0% | 0% | 0% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 6 | 9 | 10 | 14 | 27 | -10 | 11 | 58 | ||
| Share Capital ⓘ | 0 | 0 | 9 | 13 | 17 | 17 | 17 | 17 | ||
| Reserves ⓘ | 6 | 9 | 1 | 1 | 10 | -27 | -6 | 41 | ||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Debt | 7 | 4 | 16 | 24 | 24 | 19 | 7 | 12 | ||
| Long Term Debt | 7 | 4 | 16 | 24 | 18 | 13 | 5 | 5 | ||
| Short Term Debt | 0 | 0 | 0 | 0 | 6 | 6 | 2 | 7 | ||
| Trade Payables | 1 | 1 | 4 | 1 | 2 | 2 | 8 | 9 | ||
| Others Liabilities ⓘ | 14 | 17 | 15 | 15 | 21 | 78 | 68 | 28 | ||
| Total Liabilities ⓘ | 28 | 31 | 44 | 54 | 74 | 89 | 94 | 107 | ||
Fixed Assets | ||||||||||
| Gross Block | 1 | 1 | 2 | 2 | 2 | 2 | 3 | 3 | ||
| Accumulated Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | ||
| Net Fixed Assetsⓘ | 0 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | ||
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Investmentsⓘ | 1 | 0 | 2 | 2 | 2 | 1 | 1 | 3 | ||
| Inventories | 13 | 19 | 26 | 32 | 43 | 71 | 77 | 78 | ||
| Trade Receivables | 0 | 0 | 4 | 6 | 10 | 1 | 1 | 7 | ||
| Cash Equivalents | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 6 | ||
| Others Assetsⓘ | 13 | 10 | 12 | 13 | 17 | 15 | 14 | 14 | ||
| Total Assets ⓘ | 28 | 31 | 44 | 54 | 74 | 89 | 94 | 107 | ||
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 1 | 2 | -13 | -12 | -7 | 9 | 7 | -7 |
| PBT ⓘ | 3 | 4 | 1 | 1 | 8 | -7 | 27 | 38 |
| Adjustment ⓘ | 1 | 0 | 0 | 0 | 0 | 3 | 2 | 0 |
| Changes in Working Capital ⓘ | -3 | -1 | -14 | -12 | -13 | 13 | -19 | -39 |
| Tax Paid ⓘ | -1 | -2 | 0 | 0 | -2 | 0 | -4 | -6 |
| Cash Flow From Investing Activity ⓘ | 3 | 1 | 0 | 0 | 0 | 0 | -1 | -1 |
| Capex | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Investments | 3 | 1 | 0 | 0 | 0 | 0 | -1 | -1 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | -4 | -4 | 13 | 12 | 7 | -9 | -7 | 14 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 4 | 7 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -3 | -3 | 12 | 8 | 0 | -4 | -8 | 0 |
| Interest Paid ⓘ | -1 | 0 | -1 | 0 | 0 | -3 | -2 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | -1 | 0 | 0 |
| Others ⓘ | 0 | 0 | 2 | 0 | 0 | -1 | 3 | 14 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 35.99 | 36.31 | 8.18 | 3.84 | 30.22 | N/A | 4193.81 | 80.61 | ||
| ROCE (%) | 32.58 | 35.15 | 13.99 | 10.2 | 26.04 | N/A | 222.52 | 81.89 | ||
| Asset Turnover Ratio | 0.58 | 0.37 | 0.24 | 0.22 | 0.2 | 0.01 | 0.68 | 0.72 | ||
| PAT to CFO Conversion(x) | 0.5 | 0.67 | -13 | N/A | -1.17 | N/A | 0.33 | -0.25 | Working Capital Days | |
| Receivable Days | 0 | 0 | 166 | 166 | 231 | 2,580 | 4 | 19 | ||
| Inventory Days | 290 | 542 | 918 | 978 | 1,066 | 0 | 436 | 392 | ||
| Payable Days | 56 | 391 | -511 | 243 | -221 | 0 | 77 | 111 | ||
The company was originally incorporated as ‘Suratwala Housing Private Limited’ under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated January 31, 2008 issued by the Registrar of Companies, Maharashtra, Pune. Thereafter, the name of the company was changed to ‘Suratwwala Business Group Private Limited’ and a fresh certificate of incorporation consequent upon change of name dated May 15, 2019 was issued by the Registrar of Companies, Maharashtra, Pune. Subsequently, the company was converted into a public limited company pursuant to a Shareholders' Resolution passed at the Extra-Ordinary General meeting of the company held on July 29, 2019 and the name of the company was changed to ‘Suratwwala Business Group Limited’ vide a fresh certificate of incorporation dated November 21, 2019 issued by the Registrar of Companies, Maharashtra, Pune.
Business area of the Company
The company is a real estate development company primarily focusing on development of residential and commercial projects in the Pune district. Its business activities comprise of development and sale of residential as well as commercial properties (the Development Business) and the maintenance of the properties developed by it (the Maintenance Business). Apart from the development and maintenance business, it also focus on providing the space on rent such as renting for mobile tower, hoardings and banners on building or renting of the unsold space for short durations.
The company’s Development Business spans all activities related to real estate development, which begins from the identification and acquisition of land till through the planning, execution and sales of its developed projects. It uses its knowledge, experience and information from internal and external sources in making decision relating to land acquisition, development and lease/sales decisions. It emphasizes more on quality design and quality construction and work with different domestic architects and contractors in order to ascertain the best possible design and amenities which can be provided to the customers.
Major Events and milestones:
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Download APP
