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Suratwwala Business Group (SBGLP) Fair Value & Analysis

Real Estate · IN · Market cap ₹4.3B

SB Suratwwala Business Group SBGLP · BSE
Price₹24.76
Fair Value₹37.15
Upside+50.0%
Quality48/100
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Strengths

Trades 50% below our fair value of ₹37.15
Highly profitable · 24.8% net margin
Wide moat 83/100

Risks

!Expensive Growth
!Moderate debt · negative free cash flow
Expensive Growth
Highly profitable · 24.8% net margin
Moderate debt · negative free cash flow
Wide moat 83/100
Evidence: High Range ₹27.87 – ₹46.44 Share as image

Fair value as of: Aug 23, 2026

From 7 valuation models · updated today

Share price −1.0% over the past month.

Below-average quality, screening 50% undervalued on our models.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price is below even our cautious bear case (₹27.87). The market is more pessimistic than our downside scenario.
  • Solid quality (48/100) at a price below fair value, the discount is the argument here, not the business quality.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

₹138.16 ₹1.43 Fair Value ₹37.15 Aug 2020 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 23, 2026.

How to read this chart

60‑month range ₹1.43 – ₹138.16 · fair‑value band ₹27.87 – ₹46.44 · the ₹24.76 price screens below the ₹37.15 fair value. Dashed = 300-day average. As of Aug 23, 2026.

Full chart & analysis →

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Analysis

Suratwwala Business Group (SBGLP) currently trades at ₹24.76, while our model-based Fair Value estimate is ₹37.15, implying the stock looks roughly 50.0% undervalued today. The Quality Score stands at 48/100 (below-average quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Suratwwala Business Group generated revenue of ₹1.7B at a net margin of 24.8%. Revenue grew 164.0% year over year. It earns a return on equity of 42.0%. Net debt stands at ₹781M. Fundamentals as of Aug 23, 2026

Our scenario range runs from ₹27.87 (bear case) to ₹46.44 (bull case); at ₹24.76, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 42% below its 52-week high and 34% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 45% fair-value upside, at 50%, SBGLP screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income ₹16.04 ₹23.09 ₹236.61 76
P/S Multiple ₹27.87 ₹37.15 ₹46.44 58
P/B Multiple ₹9.03 ₹12.04 ₹15.05 55
All 7 models by family
Multiples
P/S Multiple ₹27.87 ₹37.15 ₹46.44 58
P/B Multiple ₹9.03 ₹12.04 ₹15.05 55
EV/EBIT ₹45.01 ₹61.36 ₹77.71 53
EV/EBITDA ₹35.09 ₹48.14 ₹61.19 54
EV/Revenue ₹23.01 ₹34.60 ₹46.19 43
Asset-Based
NCAV (Graham) ₹3.01 ₹4.03 ₹6.02 50
Economic Profit
Residual Income ₹16.04 ₹23.09 ₹236.61 76

Widest divergence: Multiples (₹37.15) versus Asset-Based (₹4.03). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹1.7B
Revenue growth (YoY) +164%
Net margin 24.8%
Return on equity 42.0%
Free cash flow −₹150M FY2026
P/E ratio 10.6
More key figures
Operating margin 30.8%
EPS (TTM) ₹2.34
EPS growth (YoY) +71.0%
Net debt ₹781M FY2026

Figures from reported company fundamentals · as of Aug 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 43 · Market factors (momentum, volatility) 31

Profitability 72
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 1
Earnings quality: real cash, not paper profit
Fin. Strength 55
Balance sheet, leverage, solvency risk
Investment 26
Disciplined investing over empire-building
Low Volatility 62
Calm price path (market factor)
Momentum 20
Price trend over the last 3–12 months (market factor)
52W Momentum 13
Distance to the 52-week high (market factor)
Net Issuance 40
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Suratwwala Business Group Limited, a real estate development company, engages in the construction of residential, commercial, and IT parks properties in India. The company provides maintenance services for its developed properties, including housekeeping, security, and power backup.

Full company description

Suratwwala Business Group Limited, a real estate development company, engages in the construction of residential, commercial, and IT parks properties in India. The company provides maintenance services for its developed properties, including housekeeping, security, and power backup. It also engages in renting of immovable properties and provision of other related business auxiliary services. In addition, the company installs and commissions solar power plants for various customers, including industries, residential communities, commercial outlets, restaurants, hospitals, and corporate houses. Suratwwala Business Group Limited was incorporated in 2008 and is headquartered in Pune, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Suratwwala Business Group reported revenue of ₹1.4B in FY2026 versus ₹362M in FY2022, a compound +41.0%/yr. Reported net income was ₹379M in FY2026, compounding +27.9%/yr from FY2022.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹1.4B
Latest YoY
+298.6%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+32.3%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+62.2%
Avg. growth/yr (6Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+53.9%
Revenue +41.0%/yr
FY22 ₹362M
FY23 ₹618M
FY24 ₹720M
FY25 ₹359M
FY26 ₹1.4B
Net income +27.9%/yr
FY22 ₹142M
FY23 ₹211M
FY24 ₹278M
FY25 ₹110M
FY26 ₹379M

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Cite: Fair Value Calculator (2026). "Suratwwala Business Group Fair Value". https://www.fairvalue-calculator.com/stock/SBGLP.BSE

Peer Group

Real Estate - Development · 598 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 48 · Above median
Fair Value upside +50% · Above median
Return on equity (TTM) 42% · Top 25%
Return on assets 14% · Top 25%
Net margin (TTM) 25% · Top 25%
Operating margin (TTM) 31% · Top 25%
Revenue growth 164% · Top 25%
Dividend yield (TTM) 0.4% · Bottom 25%
Debt / equity 0.72× · Higher than median

Valuation Multiples vs Real Estate - Development median · lower = cheaper

P/E (TTM) 10.6× · Cheaper than median
P/B 4.11× · Pricier than 75% of peers
P/S (TTM) 2.54× · Pricier than 75% of peers
EV/EBITDA 8.3× · Cheaper than median

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Aug 23, 2026).

Stock Price Fair Value vs Fair Value
DLF Limited DLF ₹667.10 ₹170.24 -74%
Macrotech Developers Limited LODHA ₹1,244 ₹583.42 -53%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,050 IDR 1,330 IDR -78%
PT Jaya Real Property, Tbk., JRPT 1,075 IDR 1,674 IDR +56%
PT Bumi Serpong Damai Tbk, BSDE 610.00 IDR 1,525 IDR +150%
PT Sentul City Tbk, BKSL 77.00 IDR 192.50 IDR +150%
PT Ciputra Development Tbk, CTRA 625.00 IDR 1,563 IDR +150%
PT Duta Pertiwi Tbk DUTI 4,300 IDR 6,239 IDR +45%
PT Puradelta Lestari Tbk DMAS 147.00 IDR 164.33 IDR +12%
Phat Dat Real Estate Development Corporation PDR 12,100 VND 4,943 VND -59%

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Frequently asked questions

Is Suratwwala Business Group (SBGLP) overvalued or undervalued?
As of Aug 23, 2026, our model estimates a fair value of ₹37.15 versus a price of ₹24.76, about +50% (undervalued).
What is the fair value of SBGLP?
Our model-based fair value for Suratwwala Business Group is ₹37.15 (as of Aug 23, 2026), built from audited fundamentals. The current price: ₹24.76.
What is the quality score of SBGLP?
Suratwwala Business Group has a Quality Score of 48/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Suratwwala Business Group (SBGLP)?
Suratwwala Business Group reported trailing-twelve-month revenue of about ₹1.7B (latest available figure, as of Aug 23, 2026).
What is the net profit margin of SBGLP?
The net profit margin of Suratwwala Business Group is about 24.8%, meaning it keeps roughly 24.8% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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