Surya Roshni Ltd
Surya Roshni Limited incorporated in 1973 has emerged as India’s largest ERW Pipes exporter, largest GI Pipes producer, and the second largest in the lighting segment. Its focus is on developing the value-added product mix (3LPE Coated pipes, Alkyd pipes, etc.) [1]
- Market Cap ₹ 6,648 Cr.
- Current Price ₹ 611
- High / Low ₹ 842 / 364
- Stock P/E 17.5
- Book Value ₹ 182
- Dividend Yield 0.98 %
- ROCE 22.8 %
- ROE 19.7 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
Cons
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Steel Industry: Steel - Large
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2016 | Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,462 | 1,756 | 2,271 | 2,994 | 3,507 | 2,964 | 3,145 | 5,975 | 5,471 | 5,561 | 7,731 | 7,997 | 7,880 | |
1,380 | 1,643 | 2,079 | 2,763 | 3,197 | 2,722 | 2,916 | 5,603 | 5,117 | 5,182 | 7,288 | 7,383 | 7,221 | |
Operating Profit | 83 | 112 | 193 | 231 | 310 | 243 | 230 | 372 | 354 | 379 | 443 | 614 | 659 |
OPM % | 6% | 6% | 8% | 8% | 9% | 8% | 7% | 6% | 6% | 7% | 6% | 8% | 8% |
15 | 17 | 0 | 1 | 1 | 2 | 1 | 4 | 3 | 5 | 6 | 5 | 9 | |
Interest | 46 | 49 | 67 | 116 | 145 | 96 | 88 | 115 | 114 | 70 | 64 | 45 | 30 |
Depreciation | 24 | 27 | 55 | 60 | 85 | 61 | 56 | 89 | 103 | 103 | 108 | 115 | 117 |
Profit before tax | 28 | 54 | 71 | 56 | 82 | 87 | 87 | 172 | 140 | 211 | 277 | 459 | 521 |
Tax % | 23% | 16% | 5% | 7% | 6% | 27% | 24% | 30% | 27% | 25% | 26% | 27% | |
22 | 45 | 67 | 52 | 73 | 67 | 72 | 121 | 103 | 158 | 205 | 336 | 381 | |
EPS in Rs | 8.11 | 7.69 | 5.96 | 8.38 | 7.67 | 8.17 | 11.10 | 9.43 | 14.55 | 18.83 | 30.84 | 35.00 | |
Dividend Payout % | 14% | 12% | 10% | 0% | 24% | 7% | 9% | 9% | 11% | 10% | 10% | 11% |
Compounded Sales Growth | |
---|---|
10 Years: | 9% |
5 Years: | % |
3 Years: | 13% |
TTM: | -3% |
Compounded Profit Growth | |
---|---|
10 Years: | 16% |
5 Years: | % |
3 Years: | 48% |
TTM: | 45% |
Stock Price CAGR | |
---|---|
10 Years: | 30% |
5 Years: | 39% |
3 Years: | 43% |
1 Year: | 53% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 16% |
Last Year: | 20% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2016 | Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 26 | 28 | 44 | 44 | 44 | 44 | 44 | 54 | 54 | 54 | 53 | 54 | 54 |
Reserves | 172 | 220 | 573 | 669 | 693 | 660 | 723 | 1,097 | 1,185 | 1,314 | 1,494 | 1,810 | 1,928 |
440 | 691 | 991 | 1,186 | 1,196 | 895 | 886 | 1,192 | 1,090 | 732 | 593 | 418 | 229 | |
109 | 208 | 256 | 300 | 362 | 390 | 465 | 685 | 641 | 842 | 974 | 776 | 669 | |
Total Liabilities | 748 | 1,148 | 1,864 | 2,200 | 2,295 | 1,990 | 2,118 | 3,029 | 2,971 | 2,941 | 3,115 | 3,057 | 2,881 |
339 | 463 | 926 | 1,159 | 1,196 | 753 | 787 | 1,089 | 1,061 | 1,029 | 943 | 912 | 879 | |
CWIP | 23 | 154 | 137 | 38 | 26 | 18 | 15 | 25 | 15 | 10 | 53 | 8 | 9 |
Investments | 0 | 28 | 0 | 0 | 0 | 63 | 68 | 0 | 0 | 0 | 0 | 0 | 0 |
386 | 504 | 801 | 1,002 | 1,073 | 1,155 | 1,248 | 1,916 | 1,895 | 1,903 | 2,119 | 2,136 | 1,993 | |
Total Assets | 748 | 1,148 | 1,864 | 2,200 | 2,295 | 1,990 | 2,118 | 3,029 | 2,971 | 2,941 | 3,115 | 3,057 | 2,881 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2016 | Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
67 | 9 | -68 | 64 | 254 | 208 | 181 | 120 | 276 | 540 | 285 | 280 | |
-71 | -271 | -289 | -194 | -108 | -51 | -84 | -105 | -48 | -66 | -54 | -33 | |
16 | 257 | 380 | 122 | -155 | -156 | -105 | -37 | -229 | -475 | -231 | -246 | |
Net Cash Flow | 12 | -5 | 22 | -7 | -8 | 1 | -8 | -22 | -1 | -1 | 0 | 1 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2016 | Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 36 | 37 | 48 | 42 | 47 | 65 | 63 | 51 | 46 | 50 | 42 | 34 |
Inventory Days | 63 | 78 | 94 | 87 | 68 | 79 | 84 | 66 | 80 | 74 | 59 | 68 |
Days Payable | 5 | 20 | 13 | 19 | 13 | 36 | 40 | 27 | 26 | 41 | 35 | 24 |
Cash Conversion Cycle | 93 | 94 | 129 | 109 | 101 | 108 | 107 | 90 | 101 | 83 | 65 | 78 |
Working Capital Days | 79 | 78 | 88 | 83 | 76 | 94 | 94 | 77 | 85 | 74 | 58 | 64 |
ROCE % | 13% | 11% | 10% | 11% | 11% | 11% | 13% | 16% | 23% |
Documents
Announcements
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Compliance Certificate From Practising Company Secretary
10 Apr - Certificate under Regulation 40(9) of the Listing Regulations
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 9 Apr
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 9 Apr
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Apr - Certificate pursuant to Regulation 74(5) of SEBI (DP) Regulations, 2018 for the month ended 31st March, 2024
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Compliance Certificate For The Period Ended 31.03.2024
5 Apr - Compliance certificate pursuant to regulation 7(3) of the SEBI Listing Regulations.
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Concalls
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Feb 2024Transcript PPT REC
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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Jan 2023Transcript PPT
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Nov 2022TranscriptPPT
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Aug 2022TranscriptNotesPPT
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Oct 2021TranscriptNotesPPT
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Oct 2020TranscriptNotesPPT
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Feb 2020TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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Aug 2019TranscriptNotesPPT
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Jun 2019TranscriptNotesPPT
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Dec 2018TranscriptNotesPPT
Brand Reputation
<h1>2 in Karnataka, Delhi, Maharashtra, Bihar, Rajasthan, and Uttarakhand, among others. [2]</h1>It is the leading manufacturer of ERW GI Pipes in India. It is also the leading exporter of ERW Pipes with 60% market share. It is a leader in South India and among the top 3 in North India for GI Pipes. [1] #1 in states such as AP, Telangana, MP, Chhattisgarh, UP, and Jharkhand