Suraj Products Ltd

Suraj Products Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Suraj Products Ltd

₹ 277 -0.41%
29 Sep 4:01 p.m.
surajproducts.com BSE: 518075
About

Suraj Products Limited is engaged in production of Sponge Iron by direct reduction of Iron Ore, Pig Iron, Ingots/Billet, TMT Bars & Generation of Power. [1]

Key Points

Revenue Breakup[1] [2]
- TMT bars (46% in FY23, 69% in FY21)
- Pig iron (23% in FY23, 16% in 2021)
- MS billet (6% in FY23, 11% in 2021)
- Sponge Iron (21% in FY23, 4% in 2021)

Website BSE
  • Market Cap ₹ 316 Cr.
  • Current Price ₹ 277
  • High / Low ₹ 297 / 76.0
  • Stock P/E 11.2
  • Book Value ₹ 90.5
  • Dividend Yield 0.55 %
  • ROCE 26.8 %
  • ROE 28.7 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 48.7% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 28.3%

Cons

  • Company might be capitalizing the interest cost

* 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 - Sponge Iron

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Quarterly Results

Figures in Rs. Crores

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
47.44 44.21 54.80 71.24 70.51 51.64 54.81 59.89 74.95 60.82 46.54 102.67 111.21
41.43 38.28 46.75 60.41 57.77 41.61 43.69 50.15 64.55 48.58 35.07 88.42 96.77
Operating Profit 6.01 5.93 8.05 10.83 12.74 10.03 11.12 9.74 10.40 12.24 11.47 14.25 14.44
OPM % 12.67% 13.41% 14.69% 15.20% 18.07% 19.42% 20.29% 16.26% 13.88% 20.12% 24.65% 13.88% 12.98%
0.09 0.05 0.02 0.04 0.10 0.07 0.03 0.09 0.11 0.04 0.03 0.15 0.19
Interest 2.03 1.81 1.93 1.30 1.24 1.07 0.99 1.18 1.08 0.80 1.00 1.15 0.97
Depreciation 2.35 2.35 2.35 2.39 2.10 2.11 2.11 2.26 1.83 2.37 2.29 2.45 2.23
Profit before tax 1.72 1.82 3.79 7.18 9.50 6.92 8.05 6.39 7.60 9.11 8.21 10.80 11.43
Tax % 6.40% 37.36% 10.29% 57.80% 28.32% 20.38% 18.51% 26.29% 17.24% 28.21% 32.16% 29.54% 26.60%
1.61 1.13 3.39 3.03 6.80 5.51 6.56 4.70 6.29 6.54 5.57 7.61 8.39
EPS in Rs 1.41 0.99 2.97 2.66 5.96 4.83 5.75 4.12 5.52 5.74 4.89 6.68 7.36
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
85 74 88 93 56 60 70 116 118 218 237 285 321
77 66 80 84 51 55 58 102 101 187 193 237 269
Operating Profit 8 8 8 9 5 5 12 14 17 31 44 48 52
OPM % 10% 11% 9% 9% 8% 9% 16% 12% 14% 14% 18% 17% 16%
0 0 0 0 0 0 0 0 0 0 0 0 0
Interest 3 4 4 2 2 3 5 4 6 7 4 4 4
Depreciation 3 3 3 3 2 2 4 4 7 9 9 9 9
Profit before tax 2 1 2 4 1 1 3 6 4 15 31 36 40
Tax % 30% 39% 33% 33% 28% -8% -7% 1% -42% 37% 24% 27%
1 1 1 3 0 1 4 6 5 9 24 26 28
EPS in Rs 2.25 1.34 1.01 2.22 0.38 0.84 3.14 5.53 4.74 8.04 20.68 22.82 24.67
Dividend Payout % 40% 37% 59% 32% 0% 0% 0% 0% 0% 0% 5% 7%
Compounded Sales Growth
10 Years: 14%
5 Years: 32%
3 Years: 34%
TTM: 33%
Compounded Profit Growth
10 Years: 42%
5 Years: 49%
3 Years: 70%
TTM: 22%
Stock Price CAGR
10 Years: 32%
5 Years: 46%
3 Years: 157%
1 Year: 223%
Return on Equity
10 Years: 18%
5 Years: 24%
3 Years: 28%
Last Year: 29%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
6 6 11 11 11 11 11 11 11 11 11 11
Reserves 10 10 16 18 18 19 22 29 34 43 67 92
23 45 34 18 25 45 51 64 87 66 61 54
22 7 5 6 4 4 4 7 17 9 5 15
Total Liabilities 60 68 67 53 59 79 89 111 149 130 145 172
21 18 22 21 20 39 41 57 82 75 74 84
CWIP 0 0 0 0 0 0 6 13 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0
39 50 45 32 39 40 41 40 67 54 71 88
Total Assets 60 68 67 53 59 79 89 111 149 130 145 172

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-1 -4 10 22 -4 7 8 20 -0 33 13 33
-2 -1 -6 -2 -1 -21 -12 -28 -16 -2 -7 -19
3 5 -4 -19 4 17 1 8 16 -28 -9 -13
Net Cash Flow 0 0 -1 1 -1 2 -2 0 -0 2 -3 1

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 10 17 21 20 24 21 15 8 19 12 10 15
Inventory Days 123 222 165 88 246 207 197 114 221 83 120 66
Days Payable 25 25 12 15 20 16 11 16 61 10 5 6
Cash Conversion Cycle 108 214 175 92 250 212 201 106 178 86 125 75
Working Capital Days 114 191 153 90 212 190 161 75 115 61 91 83
ROCE % 13% 11% 9% 11% 5% 6% 10% 11% 8% 17% 27% 27%

Shareholding Pattern

Numbers in percentages

1 Recently
Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
73.70% 73.70% 73.70% 73.70% 73.70% 73.70% 73.70% 73.70% 73.70% 73.70% 73.70% 73.70%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.02% 0.02% 0.02% 0.02% 0.02%
26.30% 26.30% 26.30% 26.30% 26.30% 26.30% 26.30% 26.28% 26.27% 26.26% 26.27% 26.28%
No. of Shareholders 8,4768,4668,4708,5498,8259,2229,2979,6569,6489,5789,5319,517

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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