Suraj Ltd

Suraj Ltd

₹ 224 -0.93%
28 Feb - close price
About

Suraj Limited is a Manufacturer of Stainless Steel Seamless Pipes, Tubes and "U" Tubes, Flanges & Fittings with Electro polishing catering to both domestic and international markets. [1]

Key Points

Product Portfolio
The Co’s product portfolio includes Seamless Heat Exchanger Tubes, and Seamless Heat Exchanger. 'U'-Tubes, Seamless Instrumentation Tubes, Welded & Seamless Mechanical Polished Tubes, Welded & Seamless Electropolished Tubes, Seamless Pipes, Seamless Buttweld Fittings, Flanges & Stub Ends, and Forged Rings. [1]

  • Market Cap 411 Cr.
  • Current Price 224
  • High / Low 251 / 65.4
  • Stock P/E 14.8
  • Book Value 61.2
  • Dividend Yield 0.67 %
  • ROCE 25.8 %
  • ROE 20.5 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 120% CAGR over last 5 years
  • Company's working capital requirements have reduced from 111 days to 64.7 days

Cons

  • Stock is trading at 3.66 times its book value
  • Company has a low return on equity of 8.79% 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

Sector: Steel Industry: Steel - Medium / Small

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
51.03 60.33 59.93 73.48 93.95 116.36 83.14 107.78 93.37 82.35 76.49 84.92 93.09
48.10 56.84 56.84 70.02 90.53 113.88 77.83 103.59 87.40 62.84 67.24 77.44 81.60
Operating Profit 2.93 3.49 3.09 3.46 3.42 2.48 5.31 4.19 5.97 19.51 9.25 7.48 11.49
OPM % 5.74% 5.78% 5.16% 4.71% 3.64% 2.13% 6.39% 3.89% 6.39% 23.69% 12.09% 8.81% 12.34%
1.24 1.21 0.70 0.83 1.29 2.22 0.73 1.08 1.95 1.90 0.37 0.98 0.73
Interest 2.04 1.95 1.33 1.35 1.25 1.69 1.27 0.78 0.76 1.29 0.66 0.85 0.78
Depreciation 1.73 1.76 1.76 1.81 1.84 1.85 1.87 1.90 2.04 2.11 2.16 2.24 2.40
Profit before tax 0.40 0.99 0.70 1.13 1.62 1.16 2.90 2.59 5.12 18.01 6.80 5.37 9.04
Tax % 42.50% 30.30% 37.14% 36.28% 32.72% 36.21% 28.62% 28.19% 31.05% 29.65% 29.26% 29.24% 29.31%
0.23 0.69 0.45 0.72 1.09 0.74 2.06 1.85 3.54 12.67 4.81 3.79 6.40
EPS in Rs 0.12 0.36 0.23 0.37 0.57 0.38 1.07 0.96 1.93 6.90 2.62 2.06 3.49
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
249 265 238 248 153 196 207 179 176 188 344 367 337
215 230 211 224 136 180 190 162 159 175 331 332 289
Operating Profit 34 36 27 24 17 16 17 18 17 14 12 35 48
OPM % 14% 13% 11% 10% 11% 8% 8% 10% 10% 7% 4% 10% 14%
1 1 1 3 1 0 0 0 1 4 5 6 4
Interest 18 16 11 10 10 9 10 10 10 9 6 4 4
Depreciation 10 10 11 7 7 6 6 7 7 7 7 8 9
Profit before tax 7 11 6 9 1 1 1 1 2 2 5 29 39
Tax % 8% 33% 36% 26% 25% 38% 60% -48% 38% 29% 35% 30%
6 7 4 7 0 0 0 1 1 1 3 20 28
EPS in Rs 3.25 3.71 1.91 3.58 0.20 0.22 0.20 0.73 0.50 0.71 1.56 10.96 15.07
Dividend Payout % 46% 40% 79% 42% -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: 3%
5 Years: 12%
3 Years: 28%
TTM: -16%
Compounded Profit Growth
10 Years: 11%
5 Years: 120%
3 Years: 174%
TTM: 238%
Stock Price CAGR
10 Years: 19%
5 Years: 45%
3 Years: 93%
1 Year: 227%
Return on Equity
10 Years: 4%
5 Years: 6%
3 Years: 9%
Last Year: 20%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 19 19 19 19 19 19 19 19 19 19 19 18 18
Reserves 59 62 63 66 66 66 66 68 69 70 73 85 94
134 132 121 130 122 116 112 99 81 56 35 22 51
20 23 22 20 8 28 16 12 20 24 30 20 32
Total Liabilities 232 236 225 235 216 229 213 198 188 169 158 146 195
91 84 78 74 68 63 61 57 54 49 49 60 65
CWIP -0 -0 -0 0 0 3 -0 -0 -0 -0 -0 -0 -0
Investments -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 13
141 153 147 160 147 164 152 141 134 119 109 86 118
Total Assets 232 236 225 235 216 229 213 198 188 169 158 146 195

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

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 19 30 1 10 16 14 26 30 33 33 45
-4 -2 -4 -6 5 -2 -1 -2 -4 -2 -7 -19
3 -15 -24 2 -14 -13 -14 -23 -28 -34 -26 -26
Net Cash Flow -6 1 2 -3 0 0 -1 1 -1 -3 0 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 71 40 31 40 78 79 74 62 45 48 30 33
Inventory Days 152 190 225 212 343 242 220 234 273 194 80 38
Days Payable 7 9 13 15 6 42 20 16 36 40 27 7
Cash Conversion Cycle 216 221 244 237 415 279 274 281 282 203 82 64
Working Capital Days 159 160 167 187 325 248 238 255 233 186 83 65
ROCE % 12% 13% 8% 8% 5% 5% 5% 6% 7% 7% 8% 26%

Shareholding Pattern

Numbers in percentages

Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
74.70% 74.70% 74.70% 74.70% 74.70% 74.70% 74.70% 75.32% 75.00% 75.00% 75.00% 75.00%
0.33% 0.35% 0.35% 0.35% 0.32% 0.32% 0.35% 0.39% 0.38% 0.38% 0.38% 0.38%
24.97% 24.95% 24.95% 24.95% 24.98% 24.98% 24.95% 24.30% 24.62% 24.62% 24.62% 24.62%
No. of Shareholders 1,5581,5411,5401,5493,8603,3663,1012,9602,7762,7482,4942,733

* 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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