Suratwwala Business Group Limited is a real estate development company primarily engaged in the development and sale of residential and commercial projects in Pune, India. Incorporated in 2008, the company is headquartered in Pune, Maharashtra, and is listed under the stock symbol SBGLP on both the NSE and BSE exchanges.
The company's core activities include the construction of residential buildings, commercial complexes, and IT Parks. It also generates revenue through renting of immovable properties and has diversified into solar power generation activities, along with other related business auxiliary services. The company is led by Managing Director Jatin Dhansukhlal Suratwala, with promoter holding consistently strong at 73.4%.
Suratwwala Business Group operates as a comprehensive real estate developer with a significant focus on the Pune metropolitan region. The company's notable projects include Suratwala's Sweet 16, Suratwala Mark Plazzo A, Suratwala Mark Plazzo B, Gajanan Heritage, Car Mall, and Brahma Chaitanya. Suratwwala Mark Plazzo, located in Hinjewadi, stands out as one of the company's flagship commercial hubs.
In addition to construction and development, the company provides comprehensive maintenance services for its developed properties. These services encompass housekeeping, security and guard services, and power backup for occupants and residents. The company further generates revenue through space rental services, including mobile tower installations, advertising hoardings and banners on buildings, and short-term rental of unsold spaces.
The company has successfully diversified its business portfolio beyond traditional real estate development by venturing into solar power generation. The company's subsidiary structure includes Royale Hill Properties LLP.
Suratwwala Business Group reported a net profit of ₹11.04 crore for the full year ended March 2025, reflecting a decline of 60.27% compared to ₹27.79 crore in the previous year (FY24). Sales also saw a decline of 50.52% to ₹35.63 crore in FY25, down from ₹72.01 crore in FY24.
For the quarter ended March 2025, net profit increased by 16.82% to ₹6.53 crore, compared to ₹5.59 crore in the same quarter of the previous year. Sales for the quarter marginally increased by 1.85% to ₹21.47 crore, versus ₹21.08 crore in Q4 FY24.
- Operating Revenue (TTM): ₹35.63 crore
- Annual Revenue De-growth: -49%
- Pre-tax Margin: 43%
- Return on Equity (ROE): 16%
- Return on Capital Employed (ROCE): 12.9%
- Market Capitalization: ₹786 crore (as of July 2025)
- Price-to-Earnings (P/E) ratio: 63.7
- Book value per share: ₹3.96
- Stock trading at: 10.5 times its book value
- Face value: ₹1.00
- Promoter Holding: 73.39% (as of March 2025)
Suratwwala Business Group has a market capitalization of ₹786 crore as of July 2025. Over the past year, the market cap has decreased by 64.5%. The stock's 52-week high is ₹143.05, and its 52-week low is ₹25.18.
Current valuation metrics indicate a Price-to-Earnings (P/E) ratio of 63.7. The book value per share stands at ₹3.96, with the stock currently trading at 10.5 times its book value.
Suratwwala Business Group's stock has experienced significant volatility. In CY25, the stock declined over 72%, dropping from ₹130 to ₹36. It is nearly 75% below its peak of ₹143.05, which was hit in October 2024, and has lost more than 56% of investor wealth over the past year.
Recent performance metrics are as follows:
- Last 1 month (BSE): Stock price moved up by 0.49%
- Last 3 months (BSE): Stock price moved up by 15.87%
- Last 12 months (BSE): Stock price moved down by 63.82%
- Last 3 years (BSE): Stock price moved up by 112.51%
Despite consistently reporting profits, Suratwwala Business Group is not currently paying dividends to its shareholders, with the dividend yield standing at 0.00%. The company last declared a dividend of ₹0.40 per share in the quarter ending June 2021, which resulted in a dividend yield of 0.97% at that time.
The company's auditor is Parag Patwa & Associates. Jatin Suratwala serves as the chairman, and Prathama Gandhi holds the position of company secretary. Promoter holding in the company has remained stable at 73.39% as of March 2025, indicating strong insider confidence.
The company published its audited standalone and consolidated financial results for Q4 and FY25 ended March 31, 2025, in newspapers on May 29, 2025. A Board meeting held on May 27, 2025, approved these financial results, designated a subsidiary as material, announced CFO changes, and approved an increase and subdivision of share capital.
Notably, Mr. Shailesh Kasegaonkar (DIN: 07369961) was appointed as an Additional Non-executive Independent Director on the Board of the material subsidiary, Suratwwala Natural Energy Resource Private Limited.
Suratwwala Business Group continues to focus on its core real estate development activities in the Pune region. Simultaneously, it is exploring and expanding opportunities in renewable energy through its solar power generation initiatives. Despite recent financial challenges, the company benefits from a strong promoter base and remains committed to adapting to changing market conditions within the dynamic real estate sector.
