Micro Infrastructure

Suyog Gurbaxani Funicular Ropeways Ltd.

SGFRL

₹126.5

4.98% (6.0)

Market Cap

₹315 Cr.

P/E

36.19

Suyog Gurbaxani Funicular Ropeways Ltd.
Overview
Financials
Benchmarking
Shareholding

Suyog Gurbaxani Funicular Ropeways Ltd.

Suyog Gurbaxani Funicular Ropeways Ltd.
Overview
Financials
Benchmarking
Shareholding

Price
Growth Table
Balance Sheet
Profit & Loss
Cash Flow
Cash Flow Analysis
Ratios
Quarterly Results
Reverse DCF

FAQs on Suyog Gurbaxani Funicular Ropeways Ltd. Shareprice

Has the share price of Suyog Gurbaxani Fun. grown faster than its competition?

Suyog Gurbaxani Fun. has given lower returns compared to its competitors.
Suyog Gurbaxani Fun. has grown at ~-10.22% over the last 1yrs while peers have grown at a median rate of 14.0%

Is Suyog Gurbaxani Fun. stock expensive?

Suyog Gurbaxani Fun. is not expensive.
Latest PE of Suyog Gurbaxani Fun. is 34.47, while 3 year average PE is 201.
Also latest EV/EBITDA of Suyog Gurbaxani Fun. is 0 while 3yr average is 27.9.

View FAQ's On Business

Growth Table

Suyog Gurbaxani Funicular Ropeways Ltd.
Atlantaa
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BR Goyal Infrastruct
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In %	1yr	2yr	3yr	4yr	5yr	6yr	7yr	8yr	9yr	10yr
Share Price CAGR	-8.99	67.66	40.72	—	—	—	—	—	—	—
TTM EPS CAGR	63.39	—	—	—	—	—	—	—	—	—
Sales CAGR	66.40	142	135	—	—	—	—	—	—	—
PAT Margin (Abs Growth)	7.11	94.98	186	23.11	52.91	—	—	—	—	—
PE CAGR	-44.30	—	—	—	—	—	—	—	—	—
CFO CAGR	-1,266	—	26.22	—	—	—	—	—	—	—

* Share price and PE growth are updated everyday. All other fields are as of latest financial year end. EPS adjusted for bonus and splits.

Balance Sheet

Suyog Gurbaxani Funicular Ropeways Ltd.
Atlantaa
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BR Goyal Infrastruct
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In Rs. Cr.	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Assets	83.47	93.49	94.11	88.71	86.20	82.45	79.72	116	141
Non Current Assets	76.52	90.85	92.30	86.45	83.80	77.16	71.53	65.11	59.16
Net Block	0.08	0.07	92.26	86.41	79.76	73.11	66.75	60.14	53.60
Capital Work in Progress	76.39	90.74	0.00	0.00	0.00	0.00	0.00	0.00	—
Intangible Assets Under Development	76.39	90.74	—	—	—	—	—	—	—
Long Term Investments	—	—	—	—	—	—	—	—	—
Current Assets	6.95	2.64	1.80	2.26	2.39	5.29	8.49	50.94	81.84
Inventory	—	—	0.64	0.58	0.63	0.64	7.06	3.30	0.96
Accounts Receivable	—	—	0.32	0.65	0.82	0.74	0.88	41.23	0.92
Short Term Investments	—	—	—	—	—	—	—	—	—
Cash & Bank Balances	1.15	0.14	0.37	0.31	0.29	2.90	0.14	0.11	0.16
Liabilities	83.47	93.49	94.11	88.71	86.20	82.45	79.72	116	141
Shareholders Funds	12.00	12.00	16.80	14.92	6.99	9.88	10.19	15.78	24.47
Share Capital	12.00	12.00	20.29	20.29	20.29	24.86	24.86	24.86	24.86
Reserves	—	—	-3.48	-5.37	-13.30	-14.98	-14.67	-9.09	-0.40
Non Current Liabilities	66.19	78.73	70.10	67.00	74.91	65.44	62.78	85.84	82.59
Secured Loans	24.00	24.00	18.64	14.24	71.73	62.48	60.54	79.65	—
Unsecured Loans	36.00	44.29	48.44	49.43	0.05	—	—	—	79.93
Current Liabilities	5.27	2.76	7.21	6.79	4.30	7.14	6.75	14.07	33.94
Accounts Payable	4.68	2.25	2.45	2.04	0.89	0.93	0.57	6.13	8.77
Short Term Loans	—	—	—	—	—	—	—	—	6.23

Balance Sheet Snapshot

No data available.

Fund Flow Analysis

Increase
Decrease
Total

No data available.

*Data is as of latest FY end

Profit & Loss

Suyog Gurbaxani Funicular Ropeways Ltd.
Atlantaa
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BR Goyal Infrastruct
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In Rs. Cr.	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Sales	0.00	0.00	7.91	13.19	4.47	7.88	18.01	63.12	53.01
Operating Expenses	0.00	0.00	4.58	6.44	3.63	3.74	6.79	48.01	35.52
Raw Material	—	—	—	—	—	—	—	—	0.00
Material Cost (%)	0.00	0.00	0.00	0.47	-0.00	-0.03	-35.65	-5.18	4.42
Employee Cost	—	—	1.16	2.58	1.67	1.79	3.65	4.99	7.26
Power & Fuel Cost	—	—	—	—	0.47	0.38	0.56	0.64	—
Operating Profit	0.00	0.00	3.33	6.75	0.85	4.15	11.21	15.11	17.49
Other Income	—	—	—	0.00	0.00	0.01	0.02	0.05	0.01
OPM (%)	0.00	0.00	42.09	51.15	18.93	52.58	62.26	23.94	33.00
Depreciation and Amortisation	—	—	4.93	6.70	6.71	6.65	6.64	0.22	6.60
Interest	—	—	1.89	1.93	2.08	4.44	4.58	7.11	2.74
Profit Before Tax	—	—	-3.48	-1.88	-7.93	-6.94	0.01	7.84	8.16
Tax	—	—	0.00	0.00	0.00	0.00	-0.31	2.25	-0.53
Net Profit	0.00	0.00	-3.48	-1.88	-7.93	-6.94	0.31	5.59	8.69
Number of shares(Crs)	—	—	—	—	—	2.49	2.49	2.49	—
Dividend Payout Ratio(%)	—	—	0.00	0.00	0.00	0.00	0.00	0.00	—

TTM Values as of Mar 2025

Cash Flow

Suyog Gurbaxani Funicular Ropeways Ltd.
Atlantaa
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BR Goyal Infrastruct
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In Rs. Cr.	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Sep'24
Cash from Operating Activity	0.00	0.00	9.10	6.13	-5.96	3.71	1.03	-11.99	-2.43
Profit Before Tax	0.00	0.00	-3.48	-1.88	-7.93	-6.94	0.01	7.84	5.68
Adjustments	—	—	6.81	8.63	8.77	8.32	8.22	7.32	7.41
OCF Before Working Capital	0.00	0.00	3.33	6.75	0.84	1.39	8.23	15.16	13.09
Working Capital Changes	—	—	5.77	-0.62	-6.80	2.33	-7.20	-24.87	-13.24
Taxes Paid	—	—	—	—	—	—	—	-2.28	-2.28
Cash from Investing Activity	-16.44	-11.04	-3.88	-0.85	-0.06	—	-0.28	0.04	-0.00
Net Fixed Assets Purchased	0.02	0.01	-1.25	-0.85	-0.06	0.00	-0.28	0.04	-0.00
Fixed Assets Purchased	—	—	-1.25	-0.85	-0.06	—	-0.28	0.04	-0.00
Fixed Assets Sold	0.02	0.01	—	—	—	—	—	—	—
Investment Purchased	—	—	—	—	—	—	—	—	—
Investment Sold	—	—	—	—	—	—	—	—	—
Interest Recieved	—	—	—	—	—	—	—	—	—
Dividends Recieved	—	—	—	—	—	—	—	—	—
Subsidiary Investments	—	—	—	—	—	—	—	—	—
Cash from Financing Activity	17.58	10.02	-4.99	-5.33	6.00	-1.11	-3.51	12.00	2.56
Proceeds From Shares	—	—	8.29	—	—	9.82	—	—	—
Net Long Term Borrowings	20.01	8.29	-1.22	-3.40	8.07	-9.26	-1.93	19.11	9.77
Proceeds From Borrowings	20.01	8.29	—	—	8.07	—	—	19.11	9.77
Repayment From Borrowings	—	—	-1.22	-3.40	—	-9.26	-1.93	—	—
Interest Paid	—	—	-1.89	-1.93	-2.06	-1.68	-1.58	-7.11	-7.21
Dividend Paid	—	—	—	—	—	—	—	—	—
Net Cash Flow	1.14	-1.02	0.23	-0.05	-0.02	2.60	-2.76	0.05	0.13
Opening Cash & Cash Equivalents	0.01	1.15	0.14	0.37	0.31	0.29	2.90	0.06	—
Effect of FX	—	—	—	—	—	—	—	—	—
Closing Cash & Cash Equivalents	1.15	0.14	0.37	0.31	0.29	2.90	0.14	0.11	—
Net Capex (est)	-0.02	-0.01	1.25	0.85	0.06	0.00	0.28	-0.04	0.00
Free Cash Flow (est)	0.02	0.01	7.86	5.28	-6.02	3.71	0.75	-11.95	-2.44

Cash Flow Analysis

Increase
Decrease
Total

No data available.

Ratios

= Dominant Factor

Suyog Gurbaxani Funicular Ropeways Ltd.
Atlantaa
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BR Goyal Infrastruct
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	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Operational Ratios
Quick Ratio	0.16	0.25	0.41	0.65	0.21	3.39
Liquid Assets (Crs)	1.15	1.68	1.76	4.66	1.44	47.64
Current Liabilities (Crs)	7.21	6.79	4.30	7.14	6.75	14.07
Current Ratio	0.25	0.33	0.56	0.74	1.26	3.62
Current Assets (Crs)	1.80	2.26	2.39	5.29	8.49	50.94
Current Liabilities (Crs)	7.21	6.79	4.30	7.14	6.75	14.07
Interest Coverage Ratio	-0.85	0.03	-2.82	-0.56	1.00	2.10
EBIT (Crs)	-1.60	0.05	-5.86	-2.49	4.59	14.95
Interest Expenses (Crs)	1.89	1.93	2.08	4.44	4.58	7.11
Fixed Asset Turnover	0.09	0.13	0.05	0.08	0.18	0.64
Net Sales (Crs)	7.91	13.19	4.47	7.88	18.01	63.12
Fixed Assets (Crs)	92.62	98.26	98.32	98.32	98.60	98.63
Cash Conversion Cycle	-96.36	30.50	110	64.25	137	526
Inventory Days	29.75	16.98	49.68	28.84	77.98	29.94
Days Receivable	14.98	13.52	60.11	35.42	16.45	122
Days Payable	141	0.00	0.00	0.00	-42.68	-374
Debt to Equity Ratio	4.24	4.55	10.70	6.88	6.47	5.51
Total Debt (Crs)	71.27	67.87	74.77	67.92	65.98	86.93
Shareholders Equity (Crs)	16.80	14.92	6.99	9.88	10.19	15.78
Free Cash Flow/Sales (%)	99.35	40.05	-135	47.11	4.16	-18.94
Free Cash Flow(est) (Crs)	7.86	5.28	-6.02	3.71	0.75	-11.95
Net Sales (Crs)	7.91	13.19	4.47	7.88	18.01	63.12
Profitability Ratios
Gross Margin (%)	100.00	99.53	100	100	136	105
Op Profit Margin (%)	42.09	51.15	18.93	52.58	62.26	23.94
Operating Profit (Crs)	3.33	6.75	0.85	4.15	11.23	15.16
Net Sales (Crs)	7.91	13.19	4.47	7.88	18.01	63.12
Net Profit Margin (%)	-44.06	-14.26	-177	-87.98	1.74	8.85
Net Profit (Crs)	-3.48	-1.88	-7.93	-6.94	0.31	5.59
Net Sales (Crs)	7.91	13.19	4.47	7.88	18.01	63.12
ROCE (%)	-1.84	0.06	-7.15	-3.31	6.29	14.71
EBIT (Crs)	-1.60	0.05	-5.86	-2.49	4.59	14.95
Capital Employed (Crs)	86.90	81.92	81.90	75.32	72.97	102
Return on Assets (%)	-3.70	-2.12	-9.20	-8.41	0.39	4.83
Net Profit (Crs)	-3.48	-1.88	-7.93	-6.94	0.31	5.59
Total Assets (Crs)	94.11	88.71	86.20	82.45	79.72	116
ROIC (%)	-1.85	0.06	-7.56	-3.66	253	10.95
Op Profit after Taxes (Crs)	-1.60	0.05	-5.86	-2.50	173	10.61
Invested Capital (Crs)	86.49	81.56	77.56	68.38	68.36	96.90
ROE (%)	-20.73	-12.60	-114	-70.22	3.08	35.40
Net Profit Margin (%)	-44.06	-14.26	-177	-87.98	1.74	8.85
Asset Turnover ratio	0.08	0.15	0.05	0.10	0.23	0.55
Equity Multiplier	5.60	5.94	12.33	8.35	7.82	7.33
Adjusted EPS	-1.72	-0.93	-3.91	-2.79	0.13	2.25
Valuation Ratios
P/E	0.00	0.00	0.00	0.00	356	49.94
Price to Book	0.00	0.00	0.00	11.45	10.98	17.68
EV/EBITDA	27.40	13.01	111	42.90	15.82	24.12
Dividend Yield (%)	—	—	—	0.00	0.00	0.00

Quarterly Results

Suyog Gurbaxani Funicular Ropeways Ltd.
Atlantaa
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BR Goyal Infrastruct
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In Rs. Cr.	Mar'23	Sep'23	Mar'24	Sep'24	Mar'25
Net Sales	11.74	11.10	52.02	22.81	30.20
Operating Expenses	6.56	3.95	44.06	17.73	17.78
Increase/Decrease in Stock	-6.42	-15.99	12.72	6.74	-4.39
Raw Material	0.00	0.00	0.00	0.00	0.00
Employee Cost	2.25	2.00	2.99	3.89	3.36
Selling and Distribution Expenses	0.00	0.00	0.00	0.00	0.00
Electricity, Power & Fuel Cost	0.00	0.00	0.00	0.00	0.00
Gen_AdminExpenses	0.00	0.00	0.00	0.00	0.00
Miscellaneous Expenses	0.00	0.00	0.00	0.00	0.00
Operating Profit	5.18	7.15	7.96	5.08	12.42
Other Income	-0.14	0.00	0.05	0.00	0.01
Interest	0.80	1.38	5.72	1.48	1.25
PBDT	4.25	5.77	2.29	3.60	11.17
Depreciation and Amortization	3.34	3.31	-3.09	3.30	3.30
Profit Before Tax	0.91	2.46	5.38	0.30	7.87
Tax	-0.31	-0.33	0.30	0.26	-0.79
Profit After Tax	1.22	2.79	5.08	0.03	8.66
Exceptional Items	0.00	0.00	0.00	0.00	0.00
Net Profit	1.22	2.79	5.08	0.03	8.66
Quarterly Ratios
EPS	0.49	1.12	2.04	0.01	3.48
Operating Profit Margin	44.13	64.42	15.31	22.26	41.12
Net Profit Margin	10.35	25.09	9.77	0.15	28.67

Reverse DCF

Earnings

Discount Rate (%)

Terminal Multiple

5 YEAR

10 YEAR

20 YEAR

45.20%

Implied Growth Rate over a 5 year period*

16.00%

Implied Growth Rate over a 10 year period*

7.50%

Implied Growth Rate over a 20 year period*

*Implied Growth calculated using Newton-Raphson method.

Learn how to use Reverse DCF

FAQs on Suyog Gurbaxani Funicular Ropeways Ltd. Financials

How strong is Suyog Gurbaxani Fun. balance sheet?

Balance sheet of Suyog Gurbaxani Fun. is strong.
It shouldn't have solvency or liquidity issues.

Is the debt of Suyog Gurbaxani Fun. increasing or decreasing?

The net debt of Suyog Gurbaxani Fun. is decreasing.
Latest net debt of Suyog Gurbaxani Fun. is ₹86 Crs as of Mar-25.
This is less than Mar-24 when it was ₹86.8 Crs.

Is the profitablity of Suyog Gurbaxani Fun. improving?

Yes, profit is increasing.
The profit of Suyog Gurbaxani Fun. is ₹8.69 Crs for TTM, ₹5.59 Crs for Mar 2024 and ₹0.31 Crs for Mar 2023.

Does Suyog Gurbaxani Fun. pay decent dividends?

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Suyog Gurbaxani Fun. latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

How has Suyog Gurbaxani Fun. allocated its funds?

Companies resources are allocated to majorly unproductive assets like Accounts Receivable

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Suyog Gurbaxani Funicular Ropeways Ltd.

Suyog Gurbaxani Funicular Ropeways Ltd.

Has the share price of Suyog Gurbaxani Fun. grown faster than its competition?

Is Suyog Gurbaxani Fun. stock expensive?

How strong is Suyog Gurbaxani Fun. balance sheet?

Is the debt of Suyog Gurbaxani Fun. increasing or decreasing?

Is the profitablity of Suyog Gurbaxani Fun. improving?

Does Suyog Gurbaxani Fun. pay decent dividends?

How has Suyog Gurbaxani Fun. allocated its funds?

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