Suraj Products Ltd
Incorporated in 1991, Suraj Product
Ltd manufactures finished products
from Iron Ore[1]
- 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.
Peer comparison
Industrials Capital Goods Industrial Products Iron & Steel Products
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 |
|
|||||||||||
| 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
Documents
Announcements
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
30 May - Suraj Products filed its FY26 secretarial compliance report; no major non-compliances reported.
-
Board Meeting Outcome for Revised Outcome
27 May - Board approved FY2026 audited results and recommended Rs.2.25 final dividend per share; auditors gave unmodified opinion.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
27 May - Submission of News paper cutting for publication of outcome of Board Meeting held on 26.05.2026 along with Audited Financial Results (both Standalone & Consolidated) for …
-
Financial Results For The Quarter And Year Ended 31.03.2026
26 May - Suraj Products released audited FY26 standalone and consolidated results on May 26, 2026; auditors issued unmodified opinion.
-
Board Meeting Outcome for Board Meeting Outcome
26 May - Board approved audited standalone and consolidated results for quarter/year ended March 31, 2026 on May 26, 2026.
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
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.