---
title: "Suratwwala Business Group Ltd (SBGLP) — Share Price, Financials & Analysis"
symbol: "SBGLP"
company: "Suratwwala Business Group Ltd"
canonical: "https://tapetide.com/stocks/SBGLP"
isin: "INE05ST01028"
nse_symbol: "SBGLP"
bse_code: "543218"
sector: "Consumer Discretionary"
industry: "Realty"
market_cap_cr: 383.25
generated_at: "2026-09-13T21:37:23.367Z"
---

# Suratwwala Business Group Ltd (SBGLP)

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

## Company

- **NSE Symbol:** SBGLP
- **BSE Code:** 543218
- **ISIN:** INE05ST01028
- **Sector:** Consumer Discretionary
- **Industry:** Realty
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2023-02-10
- **Face Value:** ₹1
- **F&O Eligible:** No
- **Website:** suratwwala.co.in

## About

Incorporated in 2008, Suratwwala Business 
Group Ltd is in the business of construction 
of residential, commercial, IT Parks, renting 
of immovable properties and in solar power generating activity, along with other related business auxiliary services[1]

## Latest Price

- **Price:** ₹21.56
- **Change:** -0.88 (-3.92%)
- **Open:** ₹22.33
- **Day High:** ₹23.4
- **Day Low:** ₹21.31
- **Previous Close:** ₹22.44
- **Volume:** 95640
- **As Of:** 2026-09-11T10:01:41+00:00

## Key Fundamentals

Observed at 2026-09-11T04:35:32.350428Z.

- **Market Cap:** ₹383.25 Cr
- **Classification:** Microcap
- **P/E (reported):** 9.1
- **P/E (TTM):** 8.91
- **EPS (TTM):** ₹2.42
- **Book Value:** ₹6.02
- **Price to Book:** 3.65
- **Dividend Yield:** 0.54%
- **ROE:** 34.33%
- **ROCE:** 27.87%
- **Debt to Equity:** 0.8
- **Revenue (yearly):** ₹143.6 Cr
- **Net Income:** ₹37.9 Cr
- **EBITDA:** ₹53.6 Cr
- **52-Week High:** ₹40.9
- **52-Week Low:** ₹18.35
- **RSI (14):** 36

## Tapetide Score

- **Score:** 54 / 100
- **Score date:** 2026-09-04
- **Archetype:** No Dominant Pattern
- **What it means:** The three pillars do not combine into a recognisable pattern. Read them individually rather than looking for one story — the lack of a pattern is itself the finding.
- **Pillar profile:** Quality: Average · Valuation: Fair · Momentum: Falling
- **Percentile:** 65.6 (of 4473 scored stocks)
- **Confidence:** 98%
- **Data coverage:** 95%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 60.72 | 9% |
| growth | 98.9 | 9% |
| momentum | 34.97 | 12% |
| ownership | 50 | 24% |
| quality | 53.15 | 22% |
| valuation | 51.68 | 24% |

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

## Key Insights

### Strengths

- Company is expected to give good quarter
- Company has a good return on equity (ROE) track record: 3 Years ROE 40.8%

### Weaknesses

- Company might be capitalizing the interest cost
- Debtor days have increased from 57.4 to 94.6 days.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -29.71% | — | 59.5% |
| ebitda margin growth | -25.13% | -12.3% | -30.85% | -37.17% |
| net income growth | -30.08% | 244.55% | 21% | 166.9% |
| revenue growth | -27.13% | 284.99% | 32% | 30.74% |
| roce | -26.81% | 144.47% | -53.48% | 56.64% |
| roe | -29.67% | 118.25% | 32.33% | -1.55% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 18.34 | 16.35 | 21.08 | 8.74 | 2.24 | 3.18 | 21.72 | 15.95 | 25.98 | 41.93 | 58.97 | 42.12 |
| Expenses | 7.22 | 7.24 | 10.65 | 3.47 | 1.57 | 3.45 | 12.96 | 8.96 | 14.92 | 26.33 | 39.84 | 28.69 |
| Operating Profit | 11.12 | 9.11 | 10.43 | 5.27 | 0.67 | -0.27 | 8.76 | 6.99 | 11.06 | 15.6 | 19.13 | 13.43 |
| OPM % | 60.63 | 55.72 | 49.48 | 60.3 | 29.91 | -8.49 | 40.33 | 43.82 | 42.57 | 37.2 | 32.44 | 31.89 |
| Other Income | 0.37 | 0.18 | 0.04 | 0.35 | 0.22 | 0.68 | 0.19 | 0.59 | 0.3 | 0.3 | -0.41 | 0.57 |
| Interest | 0.32 | 0.1 | 0.29 | 0.03 | 0.03 | 0.06 | 0.02 | 0.03 | 0.01 | 0.37 | 0.27 | 0.69 |
| Depreciation | 0.24 | 0.19 | -0.12 | 0.09 | 0.11 | 0.12 | 0.13 | 0.38 | 0.4 | 0.43 | 0.48 | 0.65 |
| Profit before tax | 10.93 | 9 | 10.3 | 5.5 | 0.75 | 0.23 | 8.8 | 7.17 | 10.95 | 15.1 | 17.97 | 12.66 |
| Tax % | 25.16 | 27.44 | 45.73 | 25.82 | 70.67 | 21.74 | 25.8 | 25.66 | 25.48 | 26.29 | 26.1 | 26.15 |
| Net Profit | 8.19 | 6.54 | 5.59 | 4.09 | 0.22 | 0.19 | 6.53 | 5.33 | 8.16 | 11.13 | 13.28 | 9.34 |
| EPS in Rs | 0.47 | 0.38 | 0.32 | 0.24 | 0.01 | 0.01 | 0.38 | 0.31 | 0.47 | 0.64 | 0.77 | 0.54 |

### Profit & Loss

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

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 36 | 62 | 72 | 36 | 143 | 169 |
| Expenses | 15 | 33 | 33 | 21 | 90 | 110 |
| Operating Profit | 21 | 30 | 39 | 14 | 53 | 59 |
| OPM % | 58 | 47 | 54 | 40 | 37 | 35 |
| Other Income | 1 | 0 | 1 | 1 | 0 | 1 |
| Interest | 4 | 2 | 1 | 0 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 2 | 2 |
| Profit before tax | 18 | 27 | 38 | 15 | 51 | 57 |
| Tax % | 23 | 23 | 26 | 28 | 26 | — |
| Net Profit | 14 | 21 | 28 | 11 | 38 | 42 |
| EPS in Rs | 0.82 | 1.22 | 1.6 | 0.63 | 2.15 | 2.42 |
| Dividend Payout % | 0 | 0 | 0 | 16 | 6 | — |

### Balance Sheet

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

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Equity Capital | 17 | 17 | 17 | 17 | 17 |
| Reserves | 23 | -6 | 41 | 51 | 87 |
| Borrowings | 42 | 32 | 38 | 73 | 83 |
| Other Liabilities | 25 | 79 | 32 | 44 | 75 |
| Total Liabilities | 107 | 122 | 127 | 185 | 263 |
| Fixed Assets | 1 | 1 | 1 | 21 | 34 |
| CWIP | 0 | 0 | 0 | 6 | 0 |
| Investments | 26 | 1 | 2 | 11 | 4 |
| Other Assets | 81 | 120 | 124 | 147 | 224 |
| Total Assets | 107 | 122 | 127 | 185 | 263 |

### Cash Flow

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

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -15 | -10 | 0 | -5 | -6 |
| Cash from Investing Activity | 0 | 25 | -2 | -35 | 2 |
| Cash from Financing Activity | 15 | -14 | 6 | 35 | 8 |
| Net Cash Flow | 0 | 0 | 5 | -4 | 4 |
| Free Cash Flow | -16 | -11 | -1 | -31 | -15 |
| CFO/OP | -73 | -20 | 17 | -19 | 19 |

### Ratios

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Debtor Days | 226 | 4 | 35 | 43 | 95 |
| Inventory Days | 1596 | 1593 | — | — | — |
| Days Payable | 69 | 123 | — | — | — |
| Cash Conversion Cycle | 1753 | 1474 | 35 | 43 | 95 |
| Working Capital Days | 584 | 24 | 265 | 935 | 336 |
| ROCE % | — | 47 | 55 | 12 | 31 |

## 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 | 73.39% | 73.39% | 73.39% | 73.39% | 73.39% | 73.39% | 73.39% | 73.39% | 73.39% | 73.39% | 73.39% | 73.39% |
| FIIs | 0% | 0% | 0.01% | 0.1% | 0.03% | 0.3% | 0.05% | 0.01% | 0% | 0.01% | 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 | 20.42% | 19.32% | 18.86% | 18.4% | 18.02% | 18.53% | 20.37% | 21.02% | 21.16% | 21.18% | 20.61% | 20.1% |
| Others | 6.18% | 7.28% | 7.74% | 8.11% | 8.56% | 7.77% | 6.18% | 5.58% | 5.45% | 5.42% | 6% | 6.51% |
| No. of Shareholders | 1248 | 2114 | 3107 | 9415 | 9054 | 9884 | 11296 | 10783 | 10482 | 10319 | 10081 | 10043 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 1 / 6 / 12

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 23.6 | Sell |
| EMA (10) | 23.37 | Sell |
| SMA (20) | 24.04 | Sell |
| EMA (20) | 23.89 | Sell |
| SMA (50) | 24.69 | Sell |
| EMA (50) | 24.61 | Sell |
| SMA (100) | 25.42 | Sell |
| EMA (100) | 25.66 | Sell |
| SMA (200) | 28.1 | Sell |
| EMA (200) | 28.8 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 31.81 | Neutral |
| MACD (12,26,9) | -0.57 | Sell |
| Stochastic (14,3,3) | 41.14 | Neutral |
| ADX (14) | 16.68 | Neutral |
| Williams %R (14) | -65.29 | Neutral |
| ATR (14) | 1.89 | High Volatility |
| ROC (12) | -8.8 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 39.22 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-02 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=62a4bc12-3451-414e-a24a-e04d9ad19e22.pdf) |
| 2026-08-31 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e0fea3c8-1e60-4453-82ef-6e5006090469.pdf) |
| 2026-08-31 | [NOTICE OF AGM AND BOOK CLOSURE PARTICULARS](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=95552659-958b-4450-8f21-e0991dc74193.pdf) |
| 2026-08-17 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cc13628a-c1c3-463f-94f2-7f3ae6e341c3.pdf) |
| 2026-08-13 | [Board Meeting Outcome for Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5fdc8f10-4cf5-487c-b378-bb43a573e0e6.pdf) |
| 2026-08-06 | [Board Meeting Intimation for Board Meeting For The Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=eae1877d-e57a-4c85-9c89-49f87556f8c2.pdf) |
| 2026-07-14 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f3fe0fd5-752e-49c2-8b56-45c928855de6.pdf) |
| 2026-06-24 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=69d8888f-b1d6-417c-9561-80371c1c8c08.pdf) |
| 2026-06-19 | [SBGLP : Suratwwala Business Group Limited Has Informed The Exchange About Update On Investor/Analyst Meet_Samruddhiseason3_Organised By Hem Securities.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=935b65b8-00c8-439d-9518-bb72d9456734.pdf) |
| 2026-06-10 | [Intimation About Participation At Samruddhi Season 3 Nav-Bharat Ka Caravan Organised By Hem Securities.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0c8aba9c-3e59-46e0-85ba-5d6a9b137305.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-13 | [Un-Audited Financial Results For Q1 Of 2026-2027](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a910fcd1-3cc6-42ac-b9a5-87b2f71bbcc6.pdf) |
| 2026-05-27 | [Audited Financials Results. Detailed PDF Attached.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fcf2f60d-2b6b-413c-9fe8-c36fefc0dff5.pdf) |
| 2026-02-12 | [Board Meeting Outcome For The Quarter 3 And Nine Months Ended December 31 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7ff32906-7de5-4529-a4ae-26e2813d16fd.pdf) |
| 2025-11-14 | [Board Meeting Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a72689b9-1c0b-4340-83bd-e999a19b93a0.pdf) |
| 2025-08-13 | [Un-Audited Financial Results Of Quarter 1 Ended June 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7024b2e9-4d06-4d2b-9d92-6486684a3605.pdf) |
| 2025-05-27 | [Outcome Of Board Meeting Held On May 27 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f4c4d6ce-0ac7-4d40-865c-414d12cea1fe.pdf) |
| 2025-02-04 | [Un-Audited Financial Result](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8a8efc20-b882-4124-8e72-77ac314e4a21.pdf) |
| 2024-10-26 | [Financial Result For The Quarter And Half Year Ended As On September 30,2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e3545deb-1ec3-4992-b6a1-ce8216583d8e.pdf) |
| 2024-08-10 | [Un-Audited Standalone And Consolidated Financial Statements For The Quarter Ended June 30, 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=98faf340-a95d-49c4-a5ce-9409eebd52cf.pdf) |
| 2024-05-24 | [Q4 & Year Ended 31.3.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7ce53cc0-63f5-4f3c-b00e-3b70829432b7.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9 Apr - Subsidiary won 15 MWAC EPC order from Bondada Engineering for Rs. 19 crore, completion within 12 months. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 9 Apr - Subsidiary won 15 MWAC EPC order from Bondada Engineering for Rs. 19 crore, completion within 12 months.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/30a0276c-0803-4b5d-9088-e50fddb0207e.pdf) |
| 8 Apr - Regulation 74(5) certificate filed for quarter ended March 31, 2026; no securities received for dematerialization. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 8 Apr - Regulation 74(5) certificate filed for quarter ended March 31, 2026; no securities received for dematerialization.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b50a8c85-7581-494e-92c9-4879739dc303.pdf) |
| 4 Feb - Board meeting on 12 Feb 2026 to approve Q3/9M results (Dec 31, 2025) and shift registered office. | [Board Meeting Intimation for Board Meeting Intimation For Quarter 3 And Nine Months Ended As On December 31, 2025. 4 Feb - Board meeting on 12 Feb 2026 to approve Q3/9M results (Dec 31, 2025) and shift registered office.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2e15d710-b68b-4070-b959-e3588d178150.pdf) |
| 25 Mar - Trading window closed from April 1, 2026; reopens 48 hours after audited Q4/FY2026 results disclosure. | [Closure of Trading Window 25 Mar - Trading window closed from April 1, 2026; reopens 48 hours after audited Q4/FY2026 results disclosure.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/db545d55-4f0f-4ea4-b920-4905fa62df4b.pdf) |
| 24 Apr - On April 23, 2026, disclosed Rs. 76.28 crore borrowing and confirmed non-large corporate status. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 24 Apr - On April 23, 2026, disclosed Rs. 76.28 crore borrowing and confirmed non-large corporate status.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/29dbf030-58bb-4a64-a0ac-bcd796018a46.pdf) |
| 2 Apr - Company clarified recent price movement is market-driven; no undisclosed material information. | [Clarification On Price Movement 2 Apr - Company clarified recent price movement is market-driven; no undisclosed material information.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/105b9aa8-b6ce-45fd-b803-287ea903f648.pdf) |
| 13h - On April 23, 2026, disclosed Rs. 76.28 crore borrowing and confirmed non-large corporate status. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 13h - On April 23, 2026, disclosed Rs. 76.28 crore borrowing and confirmed non-large corporate status.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/29dbf030-58bb-4a64-a0ac-bcd796018a46.pdf) |
| 12 Feb - Approved unaudited Q3 and nine-month results to Dec 31, 2025; office moved Pune effective Feb 12, 2026. | [Board Meeting Outcome for Board Meeting Outcome For The Quarter 3 And Nine Months Ended December 31, 2025. 12 Feb - Approved unaudited Q3 and nine-month results to Dec 31, 2025; office moved Pune effective Feb 12, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7458146c-62df-4ce7-9934-bdbc3298fd6d.pdf) |
| — | [Announcement under Regulation 30 (LODR)-Newspaper Publication 17 Feb](https://www.bseindia.com/xml-data/corpfiling/AttachHis/06529541-beac-4952-80fc-16b37b1af5bb.pdf) |
| — | [Announcement under Regulation 30 (LODR)-Newspaper Publication 17 Feb](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9ead1d74-b222-42a5-ac4d-845a57dbab9c.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/83adfaf2-826c-4869-91e1-d31954921029.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/33573bbe-dcc9-428a-9eb9-b477bf576624.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/32ecf328-57db-4d68-834e-85180f21d6b1.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/543218/73868543218.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/543218/71986543218.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2024-08-29 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d7bfbd91-ee7a-456c-abfb-612b94ce23a5.pdf) |
| 2024-08-29 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=db6560cc-e84e-4d22-9d75-17dcc157643e.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Aug 2024 | [Concall - Aug 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/db6560cc-e84e-4d22-9d75-17dcc157643e.pdf) |
| Aug 2024 | [Concall - Aug 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d7bfbd91-ee7a-456c-abfb-612b94ce23a5.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 2026-09-13T21:37:23.367Z.