Realty stock jumps 8% after winning redevelopment project in Mumbai


The shares of the Micro-Cap company, specializing in real estate development, mainly focusing on residential, commercial, retail, and social infrastructure projects, jumped upto 8 percent upon being selected as the Developer for the Redevelopment of the Civil Project at Kanjur Village, Mumbai.

With a market capitalization of Rs. 455.68 crores on Wednesday, the shares of Sumit Woods Limited jumped upto 8.3 percent, making a high of Rs. 107.90 per share compared to its previous closing price of Rs. 99.55  per share.

Sumit Woods Limited, engaged in real estate development, specifically focusing on residential, commercial, retail, and social infrastructure projects, has been appointed as the developer for the redevelopment of Station Plaza Premises Co-operative Society Ltd. in Bhandup (West), Mumbai. 

This major project covers approximately 6.5 lakh sq. ft. of total area and will deliver a saleable carpet area of 2 lakh sq. ft., with an estimated Gross Development Value of Rs. 700 crore. 

This project strengthens Sumit Woods’ presence in Mumbai, adding to its extensive portfolio of over 65 completed projects and recent premium launches in Borivali West and Prabhadevi, and highlights the company’s reputation for timely delivery and urban transformation.

Mr. Mitaram Jangid, Managing Director of Sumit Woods Limited, stated: “The appointment for the redevelopment of Station Plaza Premises Co-operative Society is a significant responsibility and an affirmation of the confidence placed in Sumit Woods. With a GDV of ₹700 crore, this project allows us to bring meaningful change to a well-connected yet underutilized pocket of Bhandup West. Our approach will remain grounded in functional design, quality execution, and creating spaces that serve the evolving needs of the community.”

Financials & Others 

The company’s revenue declined by 28.7 percent from Rs. 43.36 crore to Rs. 30.9 crore in Q3FY24-25. Meanwhile, Net profit rose from  Rs. 1.64 crore to Rs. 2.87  crore during the same period. 

The company has a P/E ratio of 38.0, slightly below the industry average of 38.02, and has achieved an impressive average revenue growth of 39.78 percent over the past three years, reflecting strong financial stability.

Sumit Woods Limited, established in 1997 and headquartered in Mumbai, is a leading real estate developer with over 39 years of experience. The company specializes in residential, commercial, and social infrastructure projects, including redevelopment and slum rehabilitation, primarily across Mumbai, Thane, and Goa. 

Written by Sridhar J 

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