High Promoter Holding Realty Stock Posts 97% Growth In Q4 Revenue, EBITDA Up 989%; Do You Own?

One of Pune's top construction firms, Suratwwala Business Group Ltd., has approved the audited financial results for the quarter and year that ended on March 31, 2024. Its revenue from operations in Q4FY24 climbed to Rs 2107.8 lakhs from Rs 1071.0 lakhs in Q4FY23, a 97% year-over-year growth.

EBITDA also showed a notable rise in earnings, rising by 989% from Rs. 96.1 lakhs in the March 2023 quarter to Rs. 1046.8 lakhs in the quarter under review. While the real estate company recorded a net profit of Rs 558.6 lakhs in Q4FY24 compared to a net loss of Rs 102.2 lakhs in Q4FY23, Profit Before Tax (PBT) grew 1638% to Rs. 1029.5 Lakhs, which was Rs 59.24 lakhs in the year-ago quarter.

Revenue from operations during fiscal year 2024 was Rs. 7201 lakhs, up 16% from the previous year's Rs. 6227.9 lakhs in FY23. With a rise of 32% over the previous year, when it was Rs 2972.9 lakhs, the company's EBITDA for the year was Rs 3915.9 lakhs. 53.9% was the EBITDA margin compared to 47.6% in FY23, a 633 basis point improvement. The PAT of the company was Rs. 2779.4 lakhs in FY24, a noteworthy 31% rise from Rs. 2116.3 lakhs in FY23. Additionally, the PAT margin climbed to 38.3% from 33.9% in FY23, a 440 basis point advancement.

On Friday, the shares of Suratwwala Business Group ended 2.91% lower at Rs 124.95 apiece with a market cap of Rs 2,166.84 Cr. The realty stock reached a 52-week-high level of Rs 134.00 on (24/05/2024) and a 52-week-low of Rs 19.01 on (06/06/2023). Among Dalal Street's multibagger stocks is Suratwwala Business Group, whose scrip value climbed from Rs 21.80 to the current market price of Rs 127, resulting in a 482.57% multibagger return in just one year.

The stock price went up from Rs 60.49 to the current market price on a year-to-date basis, resulting in a multibagger return of 109.95% so far in 2024. The stock has produced a multibagger return of 148.48% over the past six months, and it has gained 25.25% during the past month. Currently, the stock is trading at a 3 years CAGR return of 167% and 1-year CAGR return of 460%. Over the last year, the stock price increased by 482% and outpaced its sector by 320.55%.Suratwwala Business Group is a stock with a low debt-to-equity ratio of 0.62 and a high return on equity (ROE). According to Trendlyne statistics, the ROE for the recent fiscal year was 190.63%.

During the quarter ended 31st March 2024, Suratwwala Business Group recorded a promoters shareholding of 73.39% and a public stake of 26.60%. The promoters' stake at the current level is much higher than its peers such as Oberoi Realty, Godrej Properties, Prestige Estates Projects, Phoenix Mills, Brigade Enterprises and Sobha, as per the data of Screener.in.