---
title: "Suyog Gurbaxani Funicular Ropeways Ltd (543391) — Share Price, Financials & Analysis"
symbol: "543391"
company: "Suyog Gurbaxani Funicular Ropeways Ltd"
canonical: "https://tapetide.com/stocks/543391"
isin: "INE07GA01011"
nse_symbol: "SGFRLLTD"
bse_code: "543391"
sector: "Construction"
industry: "Civil Construction"
market_cap_cr: 226
generated_at: "2026-09-13T19:16:41.173Z"
---

# Suyog Gurbaxani Funicular Ropeways Ltd (543391)

Canonical page: https://tapetide.com/stocks/543391

## Company

- **NSE Symbol:** SGFRLLTD
- **BSE Code:** 543391
- **ISIN:** INE07GA01011
- **Sector:** Construction
- **Industry:** Civil Construction
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2021-11-16
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** sgfrl.com

## About

Incorporated in 2010, Suyog Gurbaxani Funicular Ropeways Ltd is in the business to design, engineer, procure, finance, construct, operate and maintain Funicular Ropeway on Build, Operate & Transfer basis[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:34:54.102974Z.

- **Market Cap:** ₹226 Cr
- **Classification:** SME
- **P/E (reported):** 38
- **EPS (reported):** ₹2.25
- **Book Value:** ₹16.4
- **Price to Book:** 5.54
- **Dividend Yield:** 0.55%
- **ROE:** 35.52%
- **ROCE:** 10.18%
- **Debt to Equity:** 4.17
- **Revenue (yearly):** ₹47.16 Cr
- **Net Income:** ₹10.34 Cr
- **EBITDA:** ₹23.79 Cr
- **52-Week High:** ₹146.9
- **52-Week Low:** ₹83.2
- **RSI (14):** 44.87

## Tapetide Score

- **Score:** 33 / 100
- **Score date:** 2026-09-04
- **Archetype:** Weak and Under Pressure
- **What it means:** Weak financials are the defining feature, and neither the valuation nor the trend reading is strong enough to offset them. Worth reading the risk flags and recent filings closely before anything else.
- **Pillar profile:** Quality: Weak · Valuation: Expensive · Momentum: Falling
- **Percentile:** 4 (of 4473 scored stocks)
- **Confidence:** 88%
- **Data coverage:** 76%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 4.38 | 9% |
| growth | 26.66 | 9% |
| momentum | 38.85 | 12% |
| ownership | 50 | 24% |
| quality | 33.04 | 22% |
| valuation | 33.33 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Weaknesses

- Stock is trading at 5.19 times its book value
- Company might be capitalizing the interest cost

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | 126.27% | 252.43% | 160.91% |
| ebitda margin growth | 52.42% | 47.21% | 192.62% |
| net income growth | 18.85% | 84.64% | -249.86% |
| revenue growth | -11.02% | -9.3% | 42.24% |
| roce | -33.33% | 371.3% | 2.69% |
| roe | 0.34% | 24.67% | -131.29% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2025 | Mar 2026 |
| --- | --- | --- |
| Sales | 30.2 | 22.6 |
| Expenses | 17.79 | 9.39 |
| Operating Profit | 12.41 | 13.21 |
| OPM % | 41.09 | 58.45 |
| Other Income | 0.01 | 0.3 |
| Interest | 1.25 | 5.37 |
| Depreciation | 3.3 | 4.62 |
| Profit before tax | 7.87 | 3.52 |
| Tax % | -10.04 | 111.93 |
| Net Profit | 8.66 | -0.42 |
| EPS in Rs | 3.48 | -0.17 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2025 | Mar 2026 |
| --- | --- | --- |
| Sales | 53.01 | 49.79 |
| Expenses | 35.51 | 25.3 |
| Operating Profit | 17.5 | 24.49 |
| OPM % | 33.01 | 49.19 |
| Other Income | 0.01 | 0.3 |
| Interest | 2.74 | 7.37 |
| Depreciation | 6.6 | 7.93 |
| Profit before tax | 8.17 | 9.49 |
| Tax % | -6.49 | 37.41 |
| Net Profit | 8.69 | 5.95 |
| EPS in Rs | 3.5 | 2.39 |
| Dividend Payout % | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2025 | Mar 2026 |
| --- | --- | --- |
| Equity Capital | 24.86 | 24.86 |
| Reserves | -0.39 | 15.9 |
| Borrowings | 86.16 | 169.92 |
| Other Liabilities | 30.37 | 53.09 |
| Total Liabilities | 141 | 263.77 |
| Fixed Assets | 53.6 | 236.16 |
| CWIP | 0 | 0 |
| Investments | 0 | 0 |
| Other Assets | 87.4 | 27.61 |
| Total Assets | 141 | 263.77 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2025 | Mar 2026 |
| --- | --- | --- |
| Cash from Operating Activity | 3.63 | 6.58 |
| Cash from Investing Activity | -0.08 | 7.92 |
| Cash from Financing Activity | -3.5 | -14.17 |
| Net Cash Flow | 0.05 | 0.34 |
| Free Cash Flow | 3.55 | 6.26 |
| CFO/OP | 21 | 27 |

### Ratios

| Item | Mar 2025 | Mar 2026 |
| --- | --- | --- |
| Debtor Days | 6.33 | 9.31 |
| Cash Conversion Cycle | 6.33 | 9.31 |
| Working Capital Days | 328.78 | -46.18 |
| ROCE % | — | 9.65 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 64.78% | 64.78% | 64% | 64% | 63.38% | 63.33% | 63.33% | 63.33% | 63.33% | 63.33% | 63.33% | 63.33% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 23.2% | 24.17% | 23.29% | 24.67% | 27.05% | 28.33% | 27.9% | 28.09% | 28.01% | 26.88% | 27.84% | 26.96% |
| Others | 12.03% | 11.06% | 12.71% | 11.32% | 9.57% | 8.34% | 8.77% | 8.59% | 8.66% | 9.8% | 8.83% | 9.72% |
| No. of Shareholders | 242 | 328 | 442 | 488 | 673 | 849 | 879 | 906 | 914 | 906 | 908 | 895 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 5 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 89.69 | Sell |
| EMA (10) | 90.31 | Sell |
| SMA (20) | 93.62 | Sell |
| EMA (20) | 92.28 | Sell |
| SMA (50) | 95.8 | Sell |
| EMA (50) | 95.79 | Sell |
| SMA (100) | 101.61 | Sell |
| EMA (100) | 100.5 | Sell |
| SMA (200) | 108.92 | Sell |
| EMA (200) | 111.33 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 37.39 | Neutral |
| MACD (12,26,9) | -2.4 | Sell |
| Stochastic (14,3,3) | 23.35 | Neutral |
| ADX (14) | 19.29 | Neutral |
| Williams %R (14) | -88.1 | Buy |
| ATR (14) | 4.51 | High Volatility |
| ROC (12) | -3.33 | Sell |
| Stoch RSI (14) | 1.45 | Buy |
| UO (7,14,28) | 51.47 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-08 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fb263f7f-410f-4afa-a026-bfa6381504e5.pdf) |
| 2026-09-07 | [Notice Of 17Th Annual General Meeting Of Suyog Gurbaxani Funicular Ropeways Limited](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9acbfecd-07da-4679-904c-32a4c6f0d47a.pdf) |
| 2026-09-07 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6c8a81e2-a564-450e-9306-450560661c8a.pdf) |
| 2026-09-05 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7e689b14-5e17-4a7d-8279-eeae397c044d.pdf) |
| 2026-08-18 | [Board Meeting Outcome for Board Meeting Outcome Held On August 18 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7e7e642d-7317-41b5-8779-67ebf74c0668.pdf) |
| 2026-08-18 | [Corporate Action-Board approves Dividend](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7b910224-7541-49b5-8b95-9972bb3b923b.pdf) |
| 2026-08-18 | [Corporate Action-Record Date For Dividend](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=474ccc12-ff7a-4604-9852-4a6dc41c5c2e.pdf) |
| 2026-08-18 | [Corporate Action- Fixes Book Closure](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8e05d219-4387-43d5-974a-3622812d7ad2.pdf) |
| 2026-08-10 | [Board Meeting Intimation for Recommendation Of Final Dividend For The Financial Year Ended March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7bbb9343-be03-45e5-9269-c6f56b7e9dd9.pdf) |
| 2026-08-04 | [Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bf41a641-03a5-4927-bbd8-840a4f42b2c6.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-05-29 | [Financial Results ( Standalone & Consolidated ) For The Half Year And Financial Year Ended March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fc5feb1c-7fae-4724-8d58-0d661f362058.pdf) |
| 2025-11-19 | [Submission Of Revised Outcome Of Board Meeting In Compliance With The Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 (Listing Regulations).](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bdd4ab82-51f4-4405-a561-0af55969dff3.pdf) |
| 2025-05-27 | [Audited Financial Results Of The Company For The Half Year And Year Ended March 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1d35a8a9-41f6-4595-93ad-25a6905babf2.pdf) |
| 2024-11-13 | [Financials Results For The Half Year Ended September 30, 2024 Along With The Limited Review Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=62556e9a-c1b3-481c-a583-bedc3eaa56a4.pdf) |
| 2024-05-30 | [Financials Results For The Year Ended March 31, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7863e4ee-d09f-4ec1-ade7-9cdadd61554d.pdf) |
| 2023-11-08 | [Outcome Of Board Meeting Held On Wednesday, November 08, 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bd9d11c0-72ee-436e-b7df-f2cf98c12486.pdf) |
| 2023-05-29 | [Board Meeting Outcome for Outcome Of The Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=eec44706-0a8e-4950-814c-3d8ffff44bfd.pdf) |
| 2023-05-29 | [Outcome Of The Board Meeting Held On May 29, 2023<BR> <BR>](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=70de46c7-b2b3-4135-a94d-1b54eb36f324.pdf) |
| 2022-11-28 | [Non-Applicability Of Regulation 23(9) Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c8fc544d-158d-4083-8e6d-8362a5e5dc97.pdf) |
| 2022-11-09 | [Board Meeting Outcome for Outcome Of The Board Meeting Held On November 09, 2022](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cfbc7ca8-594e-4cd4-bbbc-7b9e28159d2c.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9 Apr - CARE assigned BBB- Stable ratings for ₹80 crore bank facilities on April 6, 2026. | [Announcement under Regulation 30 (LODR)-Credit Rating 9 Apr - CARE assigned BBB- Stable ratings for ₹80 crore bank facilities on April 6, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c9ccf851-120c-4a32-b228-72603d8321b7.pdf) |
| 8 May - 1 share transmitted from late Vivek Gurushantappa Lature to Mrs. Sampada Vivek Lature on May 08, 2026. | [Transmission Of Shares From The Deceased Member Of The Promoter Group To Legal Heir 8 May - 1 share transmitted from late Vivek Gurushantappa Lature to Mrs. Sampada Vivek Lature on May 08, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/5958d528-11c2-47c4-9e5d-c42f9f1c84cf.pdf) |
| 6 Feb - Board approved NOC filing for reclassification of 71,250 shares; paid ₹23,600 fine (Dec 16, 2025). | [Board Meeting Outcome for Outcome Of Board Meeting Held On Friday, February 06, 2026 6 Feb - Board approved NOC filing for reclassification of 71,250 shares; paid ₹23,600 fine (Dec 16, 2025).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cfa8035f-7d1d-49cd-9f55-2ff293b0633f.pdf) |
| 5 Feb - Promoter Mr. Somnath Lature requests reclassification of 71,250 shares (0.29%) to public; Board to consider. | [Intimation Regarding Request Letter Received From Member Of The Promoter(S) Group For Reclassification From Promoter And Promoter Group To Public Category 5 Feb - Promoter Mr. Somnath Lature requests reclassification of 71,250 shares (0.29%) to public; Board to consider.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7c8b87e4-3f32-4e2b-856c-e9938f3cc32e.pdf) |
| 25 Mar - Trading window closed Apr 1, 2026 until 48 hours after audited results for quarter/year ended Mar 31, 2026. | [Closure of Trading Window 25 Mar - Trading window closed Apr 1, 2026 until 48 hours after audited results for quarter/year ended Mar 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/43aa8512-d63a-42a2-963d-8facce3a79b5.pdf) |
| 21 Apr - Company states Regulation 24A is not applicable; no annual secretarial compliance report required. | [Compliances-Reg.24(A)-Annual Secretarial Compliance 21 Apr - Company states Regulation 24A is not applicable; no annual secretarial compliance report required.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a3bd8298-1257-442d-9cb6-8ebc6f754b66.pdf) |
| 17 Feb - Management to meet Manulife Investment Management on 20-Feb-2026; presentation available. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 17 Feb - Management to meet Manulife Investment Management on 20-Feb-2026; presentation available.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fe730614-a94f-457e-a1aa-3a6c23e1fdc7.pdf) |
| 14h - Company states Regulation 24A is not applicable; no annual secretarial compliance report required. | [Compliances-Reg.24(A)-Annual Secretarial Compliance 14h - Company states Regulation 24A is not applicable; no annual secretarial compliance report required.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/a3bd8298-1257-442d-9cb6-8ebc6f754b66.pdf) |
| 13 Feb - Feb 13, 2026: Radico promotes Sudhir Upadhyay to CSO, Kunal Madan to CMO; COO Amar Sinha resigns. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 13 Feb - Feb 13, 2026: Radico promotes Sudhir Upadhyay to CSO, Kunal Madan to CMO; COO Amar Sinha resigns.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7bed7608-04a6-4513-8e03-4b859d694345.pdf) |
| 13 Feb - COO Amar Sinha resigns; effective 31 March 2026; resignation accepted 13 February 2026. | [Announcement under Regulation 30 (LODR)-Change in Management 13 Feb - COO Amar Sinha resigns; effective 31 March 2026; resignation accepted 13 February 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8317ac48-6685-449d-862b-1f8e3516735a.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Oct 2025 | [Concall - Oct 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e4d307d6-5ef4-4c49-b438-0fb3b3e6b0cf.pdf) |
| Oct 2024 | [Concall - Oct 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2b1b9be1-8630-4e8b-8829-ae55007461a7.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bbf63e89-7168-4733-9c5a-85450585b82e.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b5bbbeed-9caf-481a-afb3-8add6e363b8e.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9dbafb3b-94e4-4d70-92b7-21778ffb2ee9.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bc683b14-bcc3-46a9-bcaf-9bf134fc2675.pdf) |
| Nov 2021 | [Concall - Nov 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/27072347-3c0f-4334-8ea9-cc59eaac17c9.pdf) |
| Nov 2016 | [Concall - Nov 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5DC9FCD0_F855_4CB1_8227_9BE8C41D2384_132749.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/22096843-43ec-47ff-b2e0-c289fce72554.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7442334b-a764-47ed-b575-5fde4e1feaea.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2013 from nse](https://archives.nseindia.com/annual_reports/AR_1985_RADICO_2012_2013_25092013100816.zip) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2e5d5cbe-d961-4d61-8ad9-d86ee521ceaa.pdf) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c8ff4ada-6a1d-4850-b186-2de53204bcb6.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e2e92f48-fe05-4d0f-9be3-6fbec1fc78f4.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c38a9241-64ab-446d-9f0d-57521b3483d0.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/58df862b-b44c-451b-89e0-f2b22da49d2d.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/74dc01b8-d80a-4d43-b23b-88b6e9d12aee.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/543391/76218543391_20_09_22.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/532497/76509532497.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/532497/71331532497.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:16:41.173Z.