Suyog Gurbaxani Funicular RopewaysShare price, financial results, shareholding and management

BSE SME · SGFRLPilgrim ropeways
sgfrl.com ↗Live price on BSE ↗ISIN INE07GA01011 · Lot 750 shares · ₹61,500
₹82.00
0.00% on the day
Close · 6 Nov 2026
Valuation
Market cap
₹204 cr
Stock P/E
34.3peers 34.7
Book value
₹16.4
Price to book
5.00
EV / operating profit
-
Market cap to sales
4.10
Returns and growth
ROCE · FY26
10.5%
ROE · FY26
18.2%
ROE, 3-year average
34.7%
Operating margin · FY26
49.8%peers 9.7%
Sales growth, 3 years
40.3%
Profit growth, 3 years
167.7%
Safety
Debt to equity
4.17peers 0.38
Borrowings
₹170 cr
Interest cover
2.3×
Cash from business / op. profit
27%
Debtor days
9
Pledged
0.00%
Ownership and share
Promoter holding
63.04%
Change in promoter holding
-0.29 pts
Shareholders
886
52-week high / low
₹147 / ₹75
Dividend yield
Paid
Face value
₹10

Tap or hover on any figure for what it means. Our arithmetic on reported figures, at the latest close.

Suyog Gurbaxani Funicular Ropeways share price chart

₹82.00-33.60% 1 year

Close on 6 Nov 2026 · 0.00% on the day · Vol 1,500

Daily prices to 6 Nov 2026, adjusted for splits and bonuses. Closing prices only: check the exchange for the live price.

Share price returns

To the close of 6 Nov 2026

1 month
+1.2%
3 months
-13.7%
6 months
-30.5%
1 year
-33.6%
Traded a day, 20 days
₹0.05 cr

Business growth

Sales and net profit, from the reported results

SalesProfit
FY26 on FY25-5%-32%
3 years, a year+40%+168%
Latest half, H2 FY26-34%-45%

About Suyog Gurbaxani Funicular Ropeways: business, products and customers

Suyog Gurbaxani Funicular Ropeways runs hill railways that carry pilgrims up to a temple and a shrine in Maharashtra, and earns from fares, shops, parking and a hotel. Its shares trade on BSE SME.

Suyog Gurbaxani Funicular Ropeways built and runs India's first funicular ropeway, two cable-pulled rail coaches that carry pilgrims up the hill to the Saptashrungi temple in Nashik district. It holds the project under a build, operate and transfer concession from the Maharashtra Public Works Department signed in January 2010, began collecting fares in July 2018, and hands the asset back to the state when the concession ends. Around the station it also runs a hotel, a shopping complex with food outlets and a paid car park.

On 18 January 2026 a second funicular opened at the Haji Malang shrine near Kalyan. The company built it as the contractor for Supreme Suyog Funicular Ropeways, the company set up for that project, and in FY26 took a majority stake in it against the money owed under the work order, so the Haji Malang concession now sits in the group accounts. The annual report names no further project, order or bid, only areas it intends to pursue selectively, such as public private partnerships, building contracts and maintenance work under the government's Parvatmala ropeway programme.

Read more about the business

The business model shapes the numbers. Fares are cash at the gate, so almost nothing is owed by customers, and running costs are mostly staff, power and upkeep, which leaves a high operating margin; below that line sit large fixed charges, because each ropeway's cost is written off over its concession and the debt that built it carries interest. The Haji Malang building work was different: it was booked as revenue in FY25 and FY26 while unbilled, the company took shares in the project company rather than cash for money owed, and that revenue ends now that the project is complete.

The annual report names no rival and speaks only of competition from infrastructure developers, building contractors and specialised ropeway companies as the sector grows. The 2021 prospectus says new projects are mostly awarded through government tenders where price is a major factor. No listed company in the documents plainly does the same thing, so none is named here.

From the FY26 annual report (company overview, board's report and annexures, management discussion, standalone and consolidated accounts), the 2021 prospectus, the Crisil rating note of October 2025 and the rating withdrawal announcement of 24 September 2026.

Read the deeper study ↓

In its favour

  • Sales have grown fast: 40% a year over three years.
  • It brings in more cash than it shows as profit: ₹6.6 cr against ₹6 cr in FY26.
  • The promoters own a large part of the company: 63.04%.
  • It paid a dividend in the past year.

To watch

  • Whether the three year extension of the Saptashrungi concession, which the accounts show ending on 14 June 2030, is granted (Annual report FY26, p.101 and p.113).
  • Fares at Haji Malang, opened on 18 January 2026, against the loss of Supreme Suyog Funicular Ropeways and the interest on group borrowings in the next results (Annual report FY26, p.12, p.65 and p.130).
  • Repayment of the unsecured loans from directors and related companies at 7.10% a year, for which the notes to the accounts say balance confirmations were not received (Annual report FY26, p.66, p.111 and p.144).
  • Compliance after the BSE penalty of ₹23,600 for Regulations 33 and 23(9) for the half year to September 2025, and after Crisil withdrew its rating at the company's request on 24 September 2026 (Annual report FY26, p.68; Exchange announcement, 24 September 2026).
  • Its borrowings rose a lot last year: ₹169.9 cr, from ₹86.2 cr.

From the company's documents first, then the reported figures read by fixed rules, the same for every company. Facts, not a view on the shares.

Suyog Gurbaxani Funicular Ropeways revenue and profit growth

Half-yearly results · Profit and loss

Sales have grown fast. Last year profit grew more slowly than sales, so the profit kept from each rupee of sales slipped.

Sales and net profit, every year, ₹ crore
SalesNet profit
-20020406080Sales, FY19: 8 ₹ cr8Net profit, FY19: -3 ₹ cr-3FY19Sales, FY20: 13 ₹ cr13Net profit, FY20: -2 ₹ cr-2FY20Sales, FY21: 4 ₹ cr4Net profit, FY21: -8 ₹ cr-8FY21Sales, FY23: 18 ₹ cr18Net profit, FY23: 0.3 ₹ cr0.3FY23Sales, FY24: 63.1 ₹ cr63.1Net profit, FY24: 5.6 ₹ cr5.6FY24Sales, FY25: 52.6 ₹ cr52.6Net profit, FY25: 8.7 ₹ cr8.7FY25Sales, FY26: 49.8 ₹ cr49.8Net profit, FY26: 6 ₹ cr6FY26
The latest halves, ₹ crore
SalesNet profit
-200204060Sales, H1FY23: 6.3 ₹ cr6.3Net profit, H1FY23: -0.9 ₹ cr-0.9H1FY23Sales, H2FY23: 11.7 ₹ cr11.7Net profit, H2FY23: 1.2 ₹ cr1.2H2FY23Sales, H1FY24: 11 ₹ cr11Net profit, H1FY24: 3 ₹ cr3H1FY24Sales, H2FY24: 52 ₹ cr52Net profit, H2FY24: 5.1 ₹ cr5.1H2FY24Sales, H1FY25: 22.8 ₹ cr22.8Net profit, H1FY25: 0 ₹ cr0H1FY25Sales, H2FY25: 30.2 ₹ cr30.2Net profit, H2FY25: 8.7 ₹ cr8.7H2FY25Sales, H1FY26: 27.2 ₹ cr27.2Net profit, H1FY26: 6.4 ₹ cr6.4H1FY26Sales, H2FY26: 20 ₹ cr20Net profit, H2FY26: 4.8 ₹ cr4.8H2FY26

SME companies report every six months. In the latest half, sales were lower than in the same half a year before. Profit grew more slowly than sales, so each rupee of sales left a little less profit.

Suyog Gurbaxani Funicular Ropeways half-yearly results

SME companies report every six months · ₹ crore

₹ crore · growth on the same half a year before
H1FY23H2FY23H1FY24H2FY24H1FY25H2FY25H1FY26H2FY26
Sales6.2611.741152.0222.8130.2027.1919.97
Expenses3.246.56437.8717.7317.7815.907.48
Operating profit3.025.18714.155.0812.4211.2912.49
OPM48.3%44.1%64.0%27.2%22.3%41.1%41.5%62.6%
Interest0.780.8015.721.481.2524.95
Depreciation3.303.3433.093.303.303.313.29
Profit before tax-0.900.9125.380.297.875.974.36
Net profit-0.901.2235.080.038.666.374.77

Suyog Gurbaxani Funicular Ropeways profit and loss

Full years to March, FY19 to FY26 · ₹ crore, consolidated where reported

₹ crore
FY19FY20FY21FY23FY24FY25FY26
Sales813418.0163.1252.6249.79
Expenses5649.8048.0135.1025.25
Operating profit3718.2115.1117.5224.54
OPM42.0%51.0%19.0%45.6%23.9%33.3%49.8%
Other income0000.020.050.010.30
Interest2221.587.112.767.42
Depreciation5776.640.226.607.93
Exceptional and other items1······
Profit before tax-3-2-80.017.848.179.49
Tax rate0.0%0.0%0.0%-3825.0%28.8%-6.4%37.3%
Net profit-3-2-80.315.588.695.95
EPS ₹-1.72-0.93-3.91·2.253.502.39
Dividend payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%

The years to FY21 come rounded to the nearest crore in the source.

Exceptional and other items: profit before tax beyond operating profit, other income, interest and depreciation, such as one-off items or a share of associates' profit, as reported.

A tax rate above 60% or below zero (FY23, FY25) comes from tax charged on a small or negative profit, as reported.

Earnings per share is left blank where the source shows zero against a profit.

Suyog Gurbaxani Funicular Ropeways profitability

Margins and returns on capital

Last year the company kept more from each rupee of sales than the year before. It earns a moderate return on the money it uses.

Operating margin, every year

Per cent of sales kept before interest, depreciation and tax

0%20%40%60%FY19: 42.0%42.0%FY19FY20: 51.0%51.0%FY20FY21: 19.0%19.0%FY21FY23: 45.6%45.6%FY23FY24: 23.9%23.9%FY24FY25: 33.3%33.3%FY25FY26: 49.8%49.8%FY26
Per cent
FY19FY20FY21FY23FY24FY25FY26
Operating margin42.0%51.0%19.0%45.6%23.9%33.3%49.8%
Tax rate0.0%0.0%0.0%-3825.0%28.8%-6.4%37.3%
ROCE·0.0%-7.3%2.0%16.7%10.2%10.5%
ROE·-12.5%-72.7%3.6%42.9%42.9%18.2%
Dividend payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Suyog Gurbaxani Funicular Ropeways debt and cash flow

Balance sheet · Cash flow · Working capital

The company's own money, its net worth, has grown fast. It borrowed much more last year. Its loans are now larger than its own money. Last year the business brought in more cash than it showed as profit. Customers take longer to pay than they did in FY24, which ties up more of the company's money in unpaid bills.

Its own money and its borrowings, ₹ crore
Net worthBorrowings
050100150200Net worth, FY19: 17 ₹ cr17Borrowings, FY19: 71 ₹ cr71FY19Net worth, FY20: 15 ₹ cr15Borrowings, FY20: 68 ₹ cr68FY20Net worth, FY21: 7 ₹ cr7Borrowings, FY21: 75 ₹ cr75FY21Net worth, FY23: 10 ₹ cr10Borrowings, FY23: 66 ₹ cr66FY23Net worth, FY24: 16 ₹ cr16Borrowings, FY24: 87 ₹ cr87FY24Net worth, FY25: 24.5 ₹ cr24.5Borrowings, FY25: 86.2 ₹ cr86.2FY25Net worth, FY26: 40.8 ₹ cr40.8Borrowings, FY26: 170 ₹ cr170FY26
Cash from the business against net profit, ₹ crore
Cash from the businessNet profit
-20-10010Net profit, FY19: -3 ₹ cr-3FY19Cash from the business, FY20: 6 ₹ cr6Net profit, FY20: -2 ₹ cr-2FY20Cash from the business, FY21: -6 ₹ cr-6Net profit, FY21: -8 ₹ cr-8FY21Cash from the business, FY23: 1 ₹ cr1Net profit, FY23: 0.3 ₹ cr0.3FY23Cash from the business, FY24: -14 ₹ cr-14Net profit, FY24: 5.6 ₹ cr5.6FY24Cash from the business, FY25: 3.6 ₹ cr3.6Net profit, FY25: 8.7 ₹ cr8.7FY25Cash from the business, FY26: 6.6 ₹ cr6.6Net profit, FY26: 6 ₹ cr6FY26

Bars below the line are cash going out.

Suyog Gurbaxani Funicular Ropeways balance sheet

At each 31 March · ₹ crore

₹ crore
FY19FY20FY21FY23FY24FY25FY26
Equity capital202020252524.8624.86
Reserves-3-5-13-15-9-0.3915.90
Net worth17157101624.4740.76
Borrowings716875668786.15169.92
Other liabilities66441330.3853.09
Total liabilities94898680116141263.77
Fixed assets928680676053.60195.02
Capital work in progress00000041.14
Investments0000000
Other assets236135687.4027.61

Suyog Gurbaxani Funicular Ropeways cash flow

₹ crore

₹ crore
FY19FY20FY21FY23FY24FY25FY26
Cash from operations·6-61-143.636.58
Cash from investing·-1000-0.087.92
Cash from financing·-56-414-3.50-14.17
Net cash flow·00-300.050.33

Working capital

Days

Days
FY19FY20FY21FY23FY24FY25FY26
Debtor days15186718369
Cash conversion cycle15186718369
Working capital days-267-134-18032189331-47

Suyog Gurbaxani Funicular Ropeways peers and competitors

Listed SME companies in the same industry

By sales, Suyog Gurbaxani Funicular Ropeways is number 51 of the 58 listed SME companies in construction.

Each company's latest full year and its latest close; companies the exchange puts in the same industry, whose businesses can differ a good deal. A list, not a comparison of their shares.

CompanyMarket cap ₹ crP/ESales ₹ crProfit ₹ crOp. marginDebt/equity
Promax Power3945.170.70.94.5%0.97
NACDAC Infrastructure255.663.24.49.3%0.27
Popular Foundations5655.761.813.7%0.33
Chiraharit55608.854.90.12.7%0.33
Samay Project Services679.950.26.814.9%0.09
Suyog Gurbaxani Funicular Ropeways20434.349.8649.8%4.17
Mewar Hi-Tech Engineering2528.247.30.913.1%1.90
Manav Infra Projects5112.741.6416.0%0.47
Telge Projects23136.840.26.322.7%0.23
Agni Green Power2832.638.60.810.0%0.51
Ranjeet Mechatronics2781.829.10.35.5%0.42
Median of the 10 others4534.748.70.99.7%0.38

Suyog Gurbaxani Funicular Ropeways shareholding pattern

Promoters, FIIs, DIIs, HNIs and small holders

The promoters own more than half the company. Big foreign and Indian funds own very little. The number of shareholders is about the same.

Promoters
63.04%
-0.29 pts since Dec 24
Number of shareholders
886
849 in Dec 24

Suyog Gurbaxani Funicular Ropeways shareholding pattern

Per cent of shares, from the patterns filed with the exchange. Tap + to see everyone holding 1% or more in that group. HNIs and small holders show only where the pattern was filed in full.

Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Promoters63.33%63.33%63.33%63.33%63.33%63.32%63.33%63.04%
Number of shareholders849879906914906908895886

Suyog Gurbaxani Funicular Ropeways study: the business from its own documents

Read from 5 of the company's own documents

Suyog Gurbaxani Funicular Ropeways key facts from the filings

Each figure with the document it comes from

Fare income
₹25.0 cr
Ticket fees at Saptashrungi in FY26 in the company's own accounts, up from ₹21.1 cr in FY25.Annual report FY26, p.115
Haji Malang building work
₹20.1 cr
Construction revenue booked in FY26 for the Haji Malang project, after ₹29.7 cr in FY25; the project is now complete.Annual report FY26, p.115
Second ropeway
Opened 18 Jan 2026
The Haji Malang funicular near Kalyan was completed and inaugurated, the group's second operating site.Annual report FY26, p.12
Saptashrungi concession
To 14 June 2030
End date given in the accounts; the company is seeking a three year extension and writes the asset off over fifteen years on that basis.Annual report FY26, p.101 and p.113
Group borrowings
₹169.9 cr
Consolidated long-term borrowings at March 2026, up from ₹79.9 cr a year earlier as the Haji Malang company joined the group.Annual report FY26, p.130
Show 5 more facts
Credit rating
Withdrawn Sept 2026
Crisil had reaffirmed BBB/Stable on the bank loans in October 2025, then withdrew the rating at the company's request with the lender's no-objection.Crisil rating note, October 2025, p.1; Exchange announcement, 24 September 2026, p.1
Subsidiary result
₹5.19 cr loss
FY26 loss after tax of Supreme Suyog Funicular Ropeways, the Haji Malang company, on turnover of ₹2.85 cr.Annual report FY26, p.65
Profit, alone and as a group
₹11.15 cr
FY26 profit of the company alone, helped by a tax credit; the consolidated figure, including the new subsidiary, was ₹5.95 cr.Annual report FY26, p.53 and p.131
Coach size
60 riders
Each of the two Saptashrungi coaches carries 60 people; the ride replaces a climb of over 500 steep steps.Prospectus, 2021, p.93; Crisil rating note, October 2025, p.1
Dividend
₹0.50 a share
Recommended for FY26; the board's report says no dividend was declared in the previous seven years.Annual report FY26, p.54 and p.64

Is it a good business? Six questions

Each answer is about that one question, read from the documents; tap one for the evidence. Not a view on the shares.

The company earns steady fares from pilgrims at a hill temple, a business with high margins once the ropeway is built, and has just opened a second one.

Its weak spots are heavy borrowing, much of it from its own directors and their companies, and a main concession that the accounts show ending in a few years unless it is extended.

AverageCan it set its own prices?Only within limits. Fares are kept low for pilgrims and are charged under the state concession.
The evidence. The prospectus gave round trip fares of ₹50 to ₹100 with discounts for children and senior citizens; Crisil says revenue relies on toll collection and is exposed to toll rates and traffic.Prospectus, 2021, p.93; Crisil rating note, October 2025, p.1
StrongHow strong is it against rivals?At each hill it is the only ride up for the life of its concession, though new projects are won in government tenders where price matters.
The evidence. The concession gives it the right to build, run and collect tolls at Saptashrungi Gad; the prospectus says price is a major factor in tenders.Annual report FY26, p.101; Prospectus, 2021, p.27
AverageWho are its customers?Pilgrims and tourists who pay at the gate, plus shopkeepers who rent space. Until this year one temple supplied all its fares.
The evidence. FY26 ticket fees of ₹25.0 cr, rent of ₹1.7 cr and parking of ₹0.4 cr; the prospectus said all operating revenue came from a single project.Annual report FY26, p.115; Prospectus, 2021, p.30
WatchDoes it need a lot of money?Yes. Each ropeway is paid for up front with borrowed money, and group borrowings more than doubled in FY26.
The evidence. Consolidated long-term borrowings of ₹169.9 cr at March 2026 against ₹79.9 cr; the management discussion calls ropeway projects capital intensive.Annual report FY26, p.130 and p.83
WatchCan it keep finding new work?Not shown yet. Beyond its two ropeways the company names no new order, bid or project.
The evidence. The management discussion lists areas it intends to pursue selectively, such as partnership projects, building contracts and maintenance, without naming any.Annual report FY26, p.82
WatchDo good and bad years swing a lot?Yes. Pilgrim numbers peak at festivals and fall with bad weather or shocks, and one-off building work has moved revenue up and down.
The evidence. The prospectus describes Navratri peaks twice a year and operations shut during the pandemic; the FY26 report says seasons, weather and unforeseen events may affect passenger numbers.Prospectus, 2021, p.88 and p.89; Annual report FY26, p.83

Who runs Suyog Gurbaxani Funicular Ropeways?

Promoters, directors and officers; tap a name for the background

RDRajkumar Dwarkadas GurbaxaniPromoter and Whole Time Director

Founder member and the only executive director. B.Com from Nagpur University; the FY26 annual report describes over 25 years managing construction of roads and bridges, mainly in the Chandrapur and Gadchiroli areas, and the prospectus more than three decades. The prospectus names Rajkumar Gurbaxani as brother of Omprakash Gurbaxani. Paid ₹12 lakh in FY26; has lent the company money as an unsecured loan at 7.10% a year, per the related party form. Held 15.05% after the 2021 offer.

Annual report FY26, p.28, p.66 and p.75; Prospectus, 2021, p.66 and p.112
ODOmprakash Dwarkadas GurbaxaniPromoter, Non-Executive Non-Independent Director

B.Com from Nagpur University with over three decades in construction; the prospectus describes a partner in D. C. Gurbaxani, a registered class-I contractor with the Maharashtra Public Works Department. Paid ₹12 lakh in FY26 and has lent the company money as an unsecured loan at 7.10% a year. Held 14.37% after the 2021 offer.

Annual report FY26, p.28, p.66 and p.75; Prospectus, 2021, p.66 and p.112
SGShivshankar Gurushantappa LaturePromoter, Non-Executive Non-Independent Director

B.E. in Civil Engineering from Dr. Babasaheb Ambedkar Marathwada University, with over two decades in infrastructure including telecom infrastructure; the prospectus lists directorships in Suyog Telematics and Suyog Holdings, both of which lend to the company. Chairs the stakeholder relationship committee and was paid ₹12 lakh in FY26. Held 1.96% after the 2021 offer, having sold shares in it.

Annual report FY26, p.28, p.31, p.66 and p.75; Prospectus, 2021, p.1, p.66, p.110 and p.113
ARAditya Rajkumar GurbaxaniNon-Executive Non-Independent Director

Described in the AGM notice as the son of Rajkumar Gurbaxani. B.Tech in Information Technology from Amrita University and an MBA from Johns Hopkins University Carey Business School; director since January 2022, holding 2,50,000 shares and paid ₹12 lakh in FY26. The Union Bank loans are secured in part on this director's property, with personal guarantees.

Annual report FY26, p.29, p.51, p.75, p.77 and p.110
SSSuyash Shivshankar LatureNon-Executive Non-Independent Director

Described in the AGM notice as the son of Shivshankar Lature. B.E. in Electronics and Telecommunications from Manipal University, Jaipur, and an MBA in Global Family Business Management from S.P. Jain Institute of Management & Research; director since January 2022, holding 9,28,692 shares and paid ₹12 lakh in FY26. The Union Bank loans are secured in part on this director's property, with personal guarantees.

Annual report FY26, p.29, p.51, p.75, p.77 and p.110
JPJagadamma Purushottam WandhareChief Financial Officer

Paid ₹10.61 lakh in FY26, against ₹8.5 lakh in FY25. The annual report gives no further background.

Annual report FY26, p.30 and p.75
NKNandan Kumar BasuIndependent Director, chair of the audit committee

Diploma in Digital Electronics and Microprocessors, with over 35 years in the cable TV and internet service business. Became audit committee chair after independent director Ramlal Kisan Sarote resigned on 29 October 2025, citing preoccupation.

Annual report FY26, p.29, p.56 and p.58
BPB. PadmanabhanIndependent Director

Chartered accountant with over 40 years of experience in finance, legal, secretarial, mergers and IT; appointed from 13 January 2026 for five years, subject to shareholder approval at the September 2026 AGM.

Annual report FY26, p.29, p.32 and p.56
ADAmeya Dhananjay BodasCompany Secretary and Compliance Officer

In the post from 1 June 2025, after Deepak V. Sohoni resigned on 19 April 2025.

Annual report FY26, p.56

Suyog Gurbaxani Funicular Ropeways latest news and announcements

Announcements · Documents · Corporate actions

What changed recently

Each half-year is set against the same half a year earlier

  • H2 FY26: sales ₹20 cr (-34%), net profit ₹4.8 cr (-45%) on H2 FY25.
  • Shareholding, 30 Sept 2026: promoters 63.33% to 63.04%.

Suyog Gurbaxani Funicular Ropeways annual reports, earnings calls and documents

Every document links to its source; “read” marks those this page is built from

Suyog Gurbaxani Funicular Ropeways share split, bonus and dividends

From the corporate actions the company announces on the exchange

  • DividendFinal Dividend - Rs. - 0.5000ex-date 22 Sept 2026
Checks we ran on Suyog Gurbaxani Funicular Ropeways' data · 10

Before any number shows, it goes through the same checks. A figure that fails is held back, never shown as if it were right.

  • iThe halves of FY26 are shown standalone and the full year consolidated, as the company files them, so the two need not add up.
  • iNet profit is above profit before tax in FY25: a tax credit or a share of associates' profit, as reported.
  • ✓Balance sheet totals add up for FY25 and FY26.
  • ✓Market cap uses the share count in the latest shareholding pattern (2,48,62,222 shares).
  • ✓The share capital in the FY26 results matches the share count in the shareholding pattern.
  • ✓Promoter and public holdings add up to 100% in every shareholding pattern shown.
  • !The two half-years of FY26 add up to ₹47.2 cr of sales against ₹49.8 cr for the full year; both are shown as reported.
  • ✓Earnings per share moves in line with profit across the years shown.
  • ✓Revenue and profit are reported for every year shown, FY19 to FY26.
  • iPrices run to the close on 14 Oct 2026, from the exchange's daily figures.

Questions people ask about Suyog Gurbaxani Funicular Ropeways

What does Suyog Gurbaxani Funicular Ropeways do?

Suyog Gurbaxani Funicular Ropeways runs hill railways that carry pilgrims up to a temple and a shrine in Maharashtra, and earns from fares, shops, parking and a hotel. Its shares trade on BSE SME.

What is the share price of Suyog Gurbaxani Funicular Ropeways?

₹82 at the close on 6 Nov 2026, from the exchange's daily figures.

What is the market cap of Suyog Gurbaxani Funicular Ropeways?

₹204 cr at the close on 6 Nov 2026, on 2,48,62,222 shares.

What is the P/E of Suyog Gurbaxani Funicular Ropeways?

34.3 times FY26 profit at the close on 6 Nov 2026 (our arithmetic).

What are Suyog Gurbaxani Funicular Ropeways' revenue and profit?

Revenue ₹50 cr and profit after tax ₹6 cr in FY26.

Who are the promoters of Suyog Gurbaxani Funicular Ropeways?

Rajkumar Dwarkadas Gurbaxani, Omprakash Dwarkadas Gurbaxani, Shivshankar Gurushantappa Lature; promoters held 63.04% at 30 Sept 2026.

What is Suyog Gurbaxani Funicular Ropeways' website?

www.sgfrl.com

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Built from 2 annual reports, 2 credit rating notes, 1 offer document, 6 exchange announcements, 8 shareholding patterns and 7 years of reported results. Every figure carries its source; where the documents are silent, the page says so.