Suraj Products Ltd

Suraj Products Ltd

₹ 235 -0.82%
12 Jun - close price
About

Incorporated in 1991, Suraj Product
Ltd manufactures finished products
from Iron Ore[1]

Key Points

Business Overview:[1][2]
SPL does production of Sponge Iron by direct reduction of Iron Ore, Pig Iron, Ingots/Billet, TMT Bars & Generation of Power. It is a secondary steel producer and derives the major portion of its
revenue from semi-urban and rural areas.

  • Market Cap 268 Cr.
  • Current Price 235
  • High / Low 445 / 156
  • Stock P/E 14.2
  • Book Value 146
  • Dividend Yield 0.89 %
  • ROCE 14.7 %
  • ROE 12.0 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • The company has delivered a poor sales growth of 6.89% over past five years.
  • Dividend payout has been low at 10.9% of profits over last 3 years

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
102.67 111.21 67.78 73.59 92.09 92.64 75.68 67.22 90.84 80.70 58.69 65.50 98.90
88.42 96.77 55.41 60.47 81.16 81.74 65.13 59.88 82.44 73.42 52.83 58.97 87.42
Operating Profit 14.25 14.44 12.37 13.12 10.93 10.90 10.55 7.34 8.40 7.28 5.86 6.53 11.48
OPM % 13.88% 12.98% 18.25% 17.83% 11.87% 11.77% 13.94% 10.92% 9.25% 9.02% 9.98% 9.97% 11.61%
0.15 0.19 0.04 0.25 0.29 0.06 0.08 0.06 0.33 0.10 0.26 0.25 0.61
Interest 1.15 0.97 0.77 0.87 0.87 0.60 0.66 0.53 0.47 0.38 0.28 0.18 0.15
Depreciation 2.45 2.23 2.23 2.23 2.25 1.92 1.99 1.99 1.94 1.72 1.76 1.76 1.85
Profit before tax 10.80 11.43 9.41 10.27 8.10 8.44 7.98 4.88 6.32 5.28 4.08 4.84 10.09
Tax % 29.54% 26.60% 22.32% 27.85% 28.15% 20.62% 18.67% 18.44% 32.75% 13.07% 21.57% 16.53% 30.43%
7.61 8.39 7.31 7.41 5.82 6.71 6.49 3.99 4.25 4.59 3.20 4.04 7.01
EPS in Rs 6.68 7.36 6.41 6.50 5.11 5.89 5.69 3.50 3.73 4.03 2.81 3.54 6.15
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
93 56 60 70 116 118 218 237 285 345 326 304
84 51 55 58 102 101 187 193 237 294 289 273
Operating Profit 9 5 5 12 14 17 31 44 48 51 37 31
OPM % 9% 8% 9% 16% 12% 14% 14% 18% 17% 15% 11% 10%
0 0 0 0 0 0 0 0 0 1 1 1
Interest 2 2 3 5 4 6 7 4 4 3 2 1
Depreciation 3 2 2 4 4 7 9 9 9 9 8 7
Profit before tax 4 1 1 3 6 4 15 31 36 39 28 24
Tax % 33% 28% -8% -7% 1% -42% 37% 24% 27% 26% 22% 22%
3 0 1 4 6 5 9 24 26 29 21 19
EPS in Rs 2.22 0.38 0.84 3.14 5.53 4.74 8.04 20.68 22.82 25.38 18.80 16.54
Dividend Payout % 32% 0% 0% 0% 0% 0% 0% 5% 7% 8% 11% 14%
Compounded Sales Growth
10 Years: 19%
5 Years: 7%
3 Years: 2%
TTM: -7%
Compounded Profit Growth
10 Years: 46%
5 Years: 16%
3 Years: -10%
TTM: -12%
Stock Price CAGR
10 Years: 34%
5 Years: 38%
3 Years: 13%
1 Year: -24%
Return on Equity
10 Years: 19%
5 Years: 21%
3 Years: 17%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 11 11 11 11 11 11 11 11 11 11 11 11
Reserves 18 18 19 22 29 34 43 67 92 119 138 155
18 25 45 51 64 87 66 61 54 41 21 7
6 4 4 4 7 17 9 5 15 14 12 14
Total Liabilities 53 59 79 89 111 149 130 145 172 186 183 187
21 20 39 41 57 82 75 74 84 75 69 65
CWIP 0 0 0 6 13 0 0 0 0 1 3 1
Investments 0 0 0 0 0 0 0 0 0 0 0 15
32 39 40 41 40 67 54 71 88 110 111 106
Total Assets 53 59 79 89 111 149 130 145 172 186 183 187

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
22 -4 7 8 20 -0 33 13 33 31 30 40
-2 -1 -21 -12 -28 -16 -2 -7 -19 -1 -5 -30
-19 4 17 1 8 16 -28 -9 -13 -18 -24 -18
Net Cash Flow 1 -1 2 -2 0 -0 2 -3 1 13 1 -9
Free Cash Flow 20 -5 -14 -4 -7 -17 31 6 14 30 26 39
CFO/OP 267% -67% 132% 77% 150% 4% 112% 43% 80% 78% 102% 142%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 20 24 21 15 8 19 12 10 15 8 16 13
Inventory Days 88 246 207 197 114 221 83 120 66 74 68 80
Days Payable 15 20 16 11 16 61 10 5 6 6 6 5
Cash Conversion Cycle 92 250 212 201 106 178 86 125 75 76 78 88
Working Capital Days 30 99 86 69 20 35 17 46 42 49 64 90
ROCE % 11% 5% 6% 10% 11% 8% 17% 27% 27% 26% 17% 15%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Pig Iron Production
MT

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Sponge Iron Production
MT
MS Billet (Ingots) Production
MT
Net Power Generated
MW
TMT Bars Production
MT
Captive Power Plant Capacity
MW
Installed Capacity - Pig Iron
TPA
Installed Capacity - Sponge Iron
TPA

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
73.70% 73.70% 73.70% 73.70% 73.70% 73.70% 73.70% 73.70% 73.70% 73.70% 73.70% 73.70%
0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
26.28% 26.27% 26.27% 26.28% 26.28% 26.27% 26.28% 26.28% 26.27% 26.28% 26.26% 26.28%
No. of Shareholders 9,51710,32510,68411,32812,04512,03811,93011,83111,84611,71511,90011,805

* 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.

Click on the line-items to see the names of individual entities.

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