Suraj Ltd

₹ 243 -0.44%

08 May 10:19 a.m.

surajgroup.com BSE: 531638 NSE: SURAJLTD

About

Incorporated in 1994, Suraj Ltd manufactures tube and tube fittings of basic iron and steel^[1]

Key Points

Business Overview:^[1]
SL is a part of Suraj Group. It manufactures
and sells stainless Steel Seamless Pipes, Tubes & ‘U’ Tubes, flanges and fittings with electro-polishing, etc., and specializes in tubing for Heat exchangers, LP/HP Heater, Condensers, Heating Elements and duly annealed, pickled, tubes with 30-meters length tubes

Website BSE NSE

Market Cap ₹ 446 Cr.
Current Price ₹ 243
High / Low ₹ 440 / 202
Stock P/E 61.5
Book Value ₹ 73.6
Dividend Yield 0.61 %
ROCE 7.64 %
ROE 5.47 %
Face Value ₹ 10.0

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Pros

Cons

Stock is trading at 3.32 times its book value
The company has delivered a poor sales growth of 1.79% over past five years.
Company has a low return on equity of 10.4% over last 3 years.
Earnings include an other income of Rs.6.07 Cr.
Dividend payout has been low at 12.3% of profits over last 3 years
Debtor days have increased from 51.4 to 65.1 days.

* 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

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Detailed Comparison with:

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
	82.35	76.49	84.92	93.09	76.17	54.74	56.64	63.61	58.75	50.34	50.19	61.88	43.43
	62.84	67.24	77.44	81.60	64.92	45.72	48.31	50.51	60.92	45.50	46.52	56.70	41.02
Operating Profit	19.51	9.25	7.48	11.49	11.25	9.02	8.33	13.10	-2.17	4.84	3.67	5.18	2.41
OPM %	23.69%	12.09%	8.81%	12.34%	14.77%	16.48%	14.71%	20.59%	-3.69%	9.61%	7.31%	8.37%	5.55%
	1.90	0.37	0.98	0.73	1.37	0.49	1.56	0.52	1.66	1.37	1.23	0.64	2.83
Interest	1.29	0.66	0.85	0.78	1.38	0.73	0.80	1.18	2.02	1.21	0.83	1.13	1.20
Depreciation	2.11	2.16	2.24	2.40	2.58	2.70	2.55	2.77	2.88	2.83	2.88	2.74	-1.16
Profit before tax	18.01	6.80	5.37	9.04	8.66	6.08	6.54	9.67	-5.41	2.17	1.19	1.95	5.20
Tax %	29.65%	29.26%	29.24%	29.31%	30.83%	30.92%	30.73%	29.27%	-28.28%	29.03%	53.78%	30.26%	27.12%
	12.67	4.81	3.79	6.40	5.99	4.21	4.54	6.84	-3.88	1.55	0.55	1.36	3.80
EPS in Rs	6.90	2.62	2.06	3.49	3.26	2.29	2.47	3.72	-2.11	0.84	0.30	0.74	2.07
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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
	248	153	196	207	179	176	188	344	367	331	234	206
	224	136	180	190	162	159	175	331	332	291	205	190
Operating Profit	24	17	16	17	18	17	14	12	35	39	28	16
OPM %	10%	11%	8%	8%	10%	10%	7%	4%	10%	12%	12%	8%
	3	1	0	0	0	1	4	5	6	3	4	6
Interest	10	10	9	10	10	10	9	6	4	4	5	4
Depreciation	7	7	6	6	7	7	7	7	8	9	11	7
Profit before tax	9	1	1	1	1	2	2	5	29	30	17	11
Tax %	26%	25%	38%	60%	-48%	38%	29%	35%	30%	31%	31%	31%
	7	0	0	0	1	1	1	3	20	21	12	7
EPS in Rs	3.58	0.20	0.22	0.20	0.73	0.50	0.71	1.56	10.96	11.25	6.38	3.95
Dividend Payout %	42%	0%	0%	0%	0%	0%	0%	0%	0%	13%	24%	0%

Compounded Sales Growth
10 Years:	3%
5 Years:	2%
3 Years:	-18%
TTM:	-12%

Compounded Profit Growth
10 Years:	34%
5 Years:	41%
3 Years:	-29%
TTM:	-35%

Stock Price CAGR
10 Years:	18%
5 Years:	40%
3 Years:	32%
1 Year:	-35%

Return on Equity
10 Years:	7%
5 Years:	11%
3 Years:	10%
Last Year:	5%

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	19	19	19	19	19	19	19	19	18	18	18	18
Reserves	66	66	66	66	68	69	70	73	85	103	112	117
	130	122	116	112	99	81	56	35	22	34	64	60
	20	8	28	16	12	20	24	30	20	29	25	28
Total Liabilities	235	216	229	213	198	188	169	158	146	185	220	223
	74	68	63	61	57	54	49	49	60	85	89	89
CWIP	0	0	3	0	0	0	0	0	0	0	0	0
Investments	0	0	0	0	0	0	0	0	0	13	13	13
	160	147	164	152	141	134	119	109	86	87	118	122
Total Assets	235	216	229	213	198	188	169	158	146	185	220	223

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
	1	10	16	14	26	30	33	33	45	41	-9	17
	-6	5	-2	-1	-2	-4	-2	-7	-19	-47	-14	-6
	2	-14	-13	-14	-23	-28	-34	-26	-26	6	23	-11
Net Cash Flow	-3	0	0	-1	1	-1	-3	0	-0	-0	-0	-0
Free Cash Flow	-1	8	16	13	24	27	30	26	26	7	-23	11
CFO/OP	17%	75%	101%	93%	153%	181%	243%	278%	151%	136%	-20%	106%

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	40	78	79	74	62	45	48	30	33	38	51	65
Inventory Days	212	343	242	220	234	273	194	80	38	39	133	178
Days Payable	15	6	42	20	16	36	40	27	7	22	31	48
Cash Conversion Cycle	237	415	279	274	281	282	203	82	64	55	153	195
Working Capital Days	4	33	32	41	55	65	78	45	33	11	31	52
ROCE %	8%	5%	5%	5%	6%	7%	7%	8%	26%	24%	12%	8%

Insights

In beta

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Energy Consumption per unit of Production
KWH / M.T.

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x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx
xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx		xx.xx	xx.xx	xx.xx
					xxx	xxx		xxx	xxx	xxx

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Production Volume
Metric Tonnes (M.T.)

Export Share of Revenue
Percentage (%)

Total Permanent Employees
Count

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.00%	0.00%
	0.38%	0.38%	0.38%	0.38%	0.38%	0.38%	0.38%	0.38%	0.00%	0.00%	0.00%	0.00%
	24.62%	24.62%	24.62%	24.62%	24.63%	24.61%	24.61%	24.62%	24.99%	24.98%	24.99%	25.00%
No. of Shareholders	2,748	2,494	2,733	3,278	3,141	3,192	2,991	2,880	2,838	2,795	2,812	2,783

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	74.70%	74.70%	74.70%	74.70%	74.70%	74.70%	75.00%	75.00%	75.00%	75.00%
	0.00%	0.00%	0.27%	0.28%	0.35%	0.32%	0.38%	0.38%	0.38%	0.00%
	25.30%	25.30%	25.03%	25.02%	24.95%	24.98%	24.62%	24.62%	24.62%	25.00%
No. of Shareholders	1,823	1,712	1,609	1,590	1,541	3,366	2,776	3,278	2,880	2,783

* 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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Suraj Ltd

Suraj Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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