| Market Cap | ₹369.9 CrSmall Cap |
|---|---|
| Revenue TTM | ₹169.16 CrLTM Performance |
| P/E Ratio | 8.83Sector PE 33.77 |
| Order from | Shree Tatyasaheb Kore Warana SSK Ltd. |
| Execution period | 4 months |
| Deal value | ₹69 Cr |
| Share of market cap | 18.7% |
| Share of annual revenue | 40.8% |
Key highlights
- Contract value of ₹69 crore excluding GST for a 20 MW (AC) / 28.1 MW (DC) solar plant
- Awarded to subsidiary Suratwwala Natural Energy Resource Private Limited by Warana SSK Ltd
- Project includes design, supply, installation, and commissioning in Kolhapur and Sangli
- Stringent execution timeline of 4 months from the commencement date
- Includes one year of operation and maintenance at ₹50 lakh and guaranteed annual generation
What Is the Order?
Suratwwala Natural Energy Resource Private Limited, a subsidiary of Suratwwala Business Group, has received a Letter of Intent for an Engineering, Procurement, and Construction (EPC) contract. The project encompasses the design, supply, construction, installation, testing, and commissioning of a solar power plant with a capacity of 20 MW (AC) and 28.1 MW (DC). Located in the Kolhapur and Sangli districts of Maharashtra, the project carries a broad commercial consideration of ₹69 crore, excluding GST.
Additionally, the contract includes a comprehensive operation and maintenance agreement for one year at a cost of ₹50 lakh and a minimum guaranteed annual generation target of 42.0048 MUs.
Client Profile
The contract was awarded by M/s. Shree Tatyasaheb Kore Warana Sahakari Sakhar Karkhana (SSK) Ltd. This entity is a prominent sugar cooperative based in Warananagar, Maharashtra, known for its diversified interests in dairy, education, and retail.
As a major player in the cooperative sector, Warana SSK is increasingly focusing on renewable energy to power its industrial operations and enhance sustainability. The engagement of a listed entity's subsidiary for such a large-scale solar installation underscores the growing trend of cooperative societies in India transitioning toward green energy solutions to manage operational costs and reduce carbon footprints.
Business Impact & Overview
- Diversification into renewable energy EPC services through its subsidiary strengthens the group's revenue pipeline beyond its core real estate focus.
- The ₹69 crore order value represents a significant addition to the company's project book relative to its TTM revenue of ₹169.16 crore.
- Execution within a tight four-month window demonstrates the company's operational capability in the fast-growing solar infrastructure segment.
- The long-term maintenance component and generation guarantees provide a framework for service-based recurring income and performance benchmarking.
Financial Context
Suratwwala Business Group currently operates with a market capitalization of ₹369.9 crore within the realty sector. Its financial performance has seen substantial growth, with annual revenue increasing by 284.82% and net profit rising by 244.61% year-on-year. The company maintains a high promoter holding of 73.39%.
In terms of valuation, the stock's TTM price-to-earnings ratio stands at 8.83, which is lower than the industry average of 33.79. Despite recent price volatility characterized by a 38.88% one-year decline, the company maintains a Piotroski Score of 5 and a durability score of 60, reflecting its current financial position.
| Share price | ₹21.33 |
|---|---|
| Market capitalisation | ₹369.90 Cr |
| Revenue (annual) | ₹142.99 Cr |
| Net profit (annual) | ₹37.90 Cr |
| Revenue (latest quarter) | ₹42.12 Cr-28.58% vs previous quarter |
| Net profit (latest quarter) | ₹9.34 Cr-29.67% vs previous quarter |
| P/E (TTM) | 8.83×Sector 33.77× |
| Promoter holding | 73.39%0.00% QoQ |
| FII holding | 0%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Suratwwala Business Group Limited announcing a new solar EPC contract worth ₹69 crore. Market figures from a third-party data provider.
