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Suraj Estate Developers Ltd. (SURAJEST) fair value: what the stock is really worth

As of Oct 1, 2026: fair value of Suraj Estate Developers Ltd. ₹246, price ₹200, upside +22.7%, quality 44 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? No
  3. Add to watchlist

Real Estate · IN · ISIN INE843S01025

SE Broad data Oct 2, 2026

Suraj Estate Developers Ltd.

SURAJEST · NSE

SpeculativeUpside exists, but weak quality makes the signal speculative.

✓Fair value ₹245.67 · Undervalued (+22.7%)
!Quality 44/100
!Expensive Growth (revenue 5y +18.3 %/yr)
✓Solidly profitable · 16.2% net margin (TTM)
!Moderate debt · negative free cash flow
!Mixed vs. peers (7/13)
✓Wide moat 68/100
!Weak on dividend: 9 out of 100

What runs behind every stock

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

Price vs Fair Value

₹816.82 ₹168.69 Fair Value ₹245.67 Dec 2023 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 2, 2026.

How to read this chart

33‑month range ₹168.69 – ₹816.82 · fair‑value band ₹146.49 – ₹307.09 · the ₹200.15 price screens below the ₹245.67 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 2, 2026.

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Company profile

Suraj Estate Developers Limited, together with its subsidiaries, engages in the real estate development business in India. The company develops and sells residential and commercial properties and projects. Suraj Estate Developers Limited was incorporated in 1986 and is based in Mumbai, India.

Stock analysis

Suraj Estate Developers Ltd. (SURAJEST) currently trades at ₹200.15, while our model-based Fair Value estimate is ₹245.67, implying the stock looks roughly 18.5% undervalued today.

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Valuation

Bull case: the DCF Models group reads highest at a median of ₹670.24 per share, and 5 of the 9 models we run sit above the ₹200.15 price.

Bear case: the Asset-Based group reads lowest at ₹139.27, and 4 of the 9 models stay below the price. Evidence for this calculation is high.

Scenario range: ₹146.49 (bear) to ₹307.09 (bull), the price of ₹200.15 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 44/100 (below-average quality), in the Real Estate sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Suraj Estate Developers Ltd. reported revenue of ₹5.6B in FY2026 versus ₹2.7B in FY2022, a compound +19.5%/yr. Reported net income was ₹903M in FY2026, compounding +36.0%/yr from FY2022.

Key figures

Market cap ₹9.3B (≈ $96.2M) · P/E ratio 10.0 · P/S ratio 1.63 · EPS (TTM) ₹19.86 · Dividend yield 0.5% · Net margin 16.2% · Return on equity 9.5% · Return on assets (EBIT) 14.5%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).

What moves the price

The share trades about 34% below its 52-week high and 19% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Real Estate peers we cover trades at 6% fair-value upside, at 23%, SURAJEST screens cheaper than that median.

Fair Value models

Bear ₹146.49 Fair Value ₹245.67 Bull ₹307.09
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹10.12 per share) are deliberately not added. 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
Residual Income ₹158.68 ₹165.12 ₹184.54 74
Owner Earnings ₹291.65 ₹670.24 ₹1,331 69
Gordon GGM ₹6.47 ₹10.83 ₹14.06 66
All 9 models by family
DCF Models
Owner Earnings ₹291.65 ₹670.24 ₹1,331 69
Earnings-Based
Graham-Dodd ₹128.50 ₹896.17 ₹1,258 61
Lynch FV ₹462.99 ₹661.42 ₹859.85 59
Dividend Discount
Gordon GGM ₹6.47 ₹10.83 ₹14.06 66
DDM Multi-Stage ₹6.47 ₹10.27 ₹11.65 65
Multiples
P/E Multiple ₹184.25 ₹245.67 ₹307.09 63
P/B Multiple ₹218.26 ₹291.01 ₹363.76 55
Asset-Based
NCAV (Graham) ₹103.93 ₹139.27 ₹207.86 54
Economic Profit
Residual Income ₹158.68 ₹165.12 ₹184.54 74

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Quality Score breakdown

Overall quality 44/100

Of which business quality 38 · Market factors (momentum, volatility) 32

Profitability 37
Margins and returns on capital today
Quality Growth 47
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 41
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 53
Calm price path (market factor)
Momentum 30
Price trend over the last 3–12 months (market factor)
52W Momentum 13
Distance to the 52-week high (market factor)
Net Issuance 85
Share count: buybacks or dilution?

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Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+1.2%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+22.0%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+18.3%
Start year 2021 (pandemic)
Revenue growth 8 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+49.3%
What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+70.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+69.6%
Dividend (yield on the price)0.5%
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.35% → 38%

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Peer Groupⓘ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.Real Estate - Development · 570 stocks

Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 43 · Below median
Fair Value upside +22.7% · Below median
Profitability
Return on equity (TTM) 9.5% · Above median
Return on assets 7.2% · Top 25%
Net margin (TTM) 16.2% · Above median
Operating margin (TTM) 36.1% · Top 25%
Growth and dividend
Revenue growth 9.2% · Above median
Dividend yield (TTM) 0.5% · Bottom 25%
Balance sheet
Debt / equity 0.54× · Above median

Valuation Multiplesvs Real Estate - Development median · lower = cheaper

P/E (TTM) 10.0× · Cheaper than median
P/B 0.93× · Pricier than median
P/S (TTM) 1.63× · Pricier than median
EV/EBITDA 6.4× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)64 · sector 69
FUTURE (revenue growth)46 · sector 0
PAST (return on equity)38 · sector 12
HEALTH (low debt)73 · sector 84
DIVIDEND (yield)9 · sector 59

Context: sector, industry, market

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.

Stock Price Fair Value vs Fair Value
Sun Hung Kai Properties Limited 0016 HK$107.10 HK$155.14 +45%
China Resources Land Limited 1109 HK$28.64 HK$71.60 +150%
CK Asset Holdings 1113 HK$46.00 HK$71.49 +55%
Hongkong Land Holdings H78 $8.57 $1.52 −82%
DLF Limited DLF ₹683.00 ₹167.48 −75%
China Overseas Land & Investment Limited 0688 HK$12.42 HK$22.33 +80%
Lodha Developers Limited LODHA ₹1,165 ₹274.14 −76%
Poly Developments and Holdings 600048 ¥5.56 ¥5.87 +6%
China Merchants Shekou Industrial Zone Holdings 001979 ¥7.18 ¥6.04 −16%
The Wharf (Holdings) Limited 0004 HK$19.39 HK$8.31 −57%

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Cite: Fair Value Calculator (2026). "Suraj Estate Developers Ltd. Fair Value". https://www.fairvalue-calculator.com/stock/SURAJEST

Frequently asked questions

Is Suraj Estate Developers Ltd. (SURAJEST) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of ₹245.67 versus a price of ₹200.15, about +23% upside (undervalued).
What is the fair value of SURAJEST?
Our model-based fair value for Suraj Estate Developers Ltd. is ₹245.67 (as of Oct 2, 2026), built from audited fundamentals. The current price: ₹200.15.
What is the quality score of SURAJEST?
Suraj Estate Developers Ltd. has a Quality Score of 44/100. 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 price target for Suraj Estate Developers Ltd. (SURAJEST)?
Our model-based price target is the fair value of ₹245.67 (as of Oct 2, 2026) from 9 valuation models. Cautious scenario ₹146.49, optimistic scenario ₹307.09. It is a calculation from audited fundamentals, not an analyst target.
What is the Suraj Estate Developers Ltd. stock forecast for 2026?
Our models put fair value at ₹245.67, about +23% upside versus a price of ₹200.15 (undervalued). Cautious scenario ₹146.49, optimistic scenario ₹307.09. The calculation is refreshed regularly with new filings.
What is the revenue of Suraj Estate Developers Ltd. (SURAJEST)?
Suraj Estate Developers Ltd. reported trailing-twelve-month revenue of about ₹5.7B (latest available figure, as of Oct 2, 2026).
Does Suraj Estate Developers Ltd. pay a dividend?
Suraj Estate Developers Ltd. currently shows a dividend yield of about 0.46% relative to its recent price (as of Oct 2, 2026).
What is the intrinsic value of Suraj Estate Developers Ltd. (SURAJEST)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Suraj Estate Developers Ltd. it is ₹245.67 per share (as of Oct 2, 2026), against a price of ₹200.15. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is Suraj Estate Developers Ltd. stock overvalued or undervalued in 2026?
As of Oct 2, 2026, SURAJEST trades below its calculated fair value: price ₹200.15, fair value ₹245.67, a gap of about +23% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SURAJEST?
No. The price is what the market pays today (₹200.15); the fair value is what the company's own numbers justify (₹245.67). For Suraj Estate Developers Ltd. the two are ₹45.52 per share apart. That gap is exactly why we show both numbers side by side.
How much is Suraj Estate Developers Ltd. worth?
The market values Suraj Estate Developers Ltd. at about ₹9.3B (market capitalisation, as of Oct 2, 2026). Per share that is ₹200.15; our models calculate a fair value of ₹245.67 per share.
What do the bullish and bearish scenarios say about SURAJEST?
Our models span a range for Suraj Estate Developers Ltd.: cautious scenario ₹146.49, base ₹245.67, optimistic ₹307.09 per share (as of Oct 2, 2026, price ₹200.15). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SURAJEST?
Suraj Estate Developers Ltd. trades at a price-to-earnings ratio of 10.0 (as of Oct 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹245.67 is built from several models across several years. Other multiples: P/B 0.9, P/S 1.6, EV/EBITDA 6.4.
How solid is the balance sheet of Suraj Estate Developers Ltd. (SURAJEST)?
Balance-sheet figures for Suraj Estate Developers Ltd. (as of Oct 2, 2026): return on equity 9.5%, debt of 0.54 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is SURAJEST from its 52-week high?
Suraj Estate Developers Ltd. trades at ₹200.15, about 34% below its 52-week high of ₹302.05 and 19% above the low of ₹168.69 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹245.67 is for.
Which stocks are comparable to Suraj Estate Developers Ltd.?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, CK Asset Holdings, Hongkong Land Holdings, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Suraj Estate Developers Ltd. stock attractive at the current price?
The data as of Oct 2, 2026: price ₹200.15, calculated fair value ₹245.67 (+23%), Quality Score 44/100, from 9 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SURAJEST calculated?
We run Suraj Estate Developers Ltd. through 9 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹245.67, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Suraj Estate Developers Ltd. currently trades 19 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Suraj Estate Developers Ltd. (SURAJEST)?
The closing price on Oct 1, 2026 was ₹200.15. Our model-based fair value is ₹245.67, about +23% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Suraj Estate Developers Ltd. right now?
A fairly wide model range (₹146.49 to ₹307.09) leaves room in how you read the outcome. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.

Key figures of Suraj Estate Developers Ltd.

How large is the market capitalisation of Suraj Estate Developers Ltd. (SURAJEST)?
The market capitalisation of Suraj Estate Developers Ltd. is ₹9.3B (≈ $96.2M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Suraj Estate Developers Ltd. (SURAJEST)?
The price-to-sales ratio of Suraj Estate Developers Ltd. is 1.63 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Suraj Estate Developers Ltd. (SURAJEST)?
Earnings per share at Suraj Estate Developers Ltd. are ₹19.86 (price ÷ EPS = P/E 10.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Suraj Estate Developers Ltd. (SURAJEST)?
The dividend yield of Suraj Estate Developers Ltd. is 0.5% (payout 4.7%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Suraj Estate Developers Ltd. (SURAJEST)?
The net margin of Suraj Estate Developers Ltd. is 16.2% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Suraj Estate Developers Ltd. (SURAJEST)?
The return on equity (ROE) of Suraj Estate Developers Ltd. is 9.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Suraj Estate Developers Ltd. (SURAJEST)?
On an EBIT basis the return on assets of Suraj Estate Developers Ltd. is 14.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Suraj Estate Developers Ltd. (SURAJEST)?
The operating margin of Suraj Estate Developers Ltd. is 36.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Suraj Estate Developers Ltd. (SURAJEST)?
Revenue at Suraj Estate Developers Ltd. is growing +9.2% versus a year earlier (3y avg +22.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Suraj Estate Developers Ltd. (SURAJEST)?
Earnings per share at Suraj Estate Developers Ltd. are growing +9.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Suraj Estate Developers Ltd. (SURAJEST) generate?
The free cash flow of Suraj Estate Developers Ltd. is −₹1.4B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Suraj Estate Developers Ltd. (SURAJEST) carry?
The net debt of Suraj Estate Developers Ltd. is ₹6.0B (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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