Suraj Ltd

₹ 298 0.57%

29 Apr 12:16 p.m.

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

Market Cap ₹ 548 Cr.
Current Price ₹ 298
High / Low ₹ 319 / 73.0
Stock P/E 19.2
Book Value ₹ 61.4
Dividend Yield 0.50 %
ROCE %
ROE %
Face Value ₹ 10.0

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Pros

Cons

Stock is trading at 4.83 times its book value

* 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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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2022	Sep 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
	60.72	48.25	48.62	42.89	48.50	83.14	107.78	82.35	76.49	84.92	93.09
	56.71	43.45	44.42	38.87	44.00	77.83	103.59	62.84	67.24	77.44	81.60
Operating Profit	4.01	4.80	4.20	4.02	4.50	5.31	4.19	19.51	9.25	7.48	11.49
OPM %	6.60%	9.95%	8.64%	9.37%	9.28%	6.39%	3.89%	23.69%	12.09%	8.81%	12.34%
	0.08	0.06	0.07	0.08	0.23	0.73	1.08	1.90	0.38	1.41	1.07
Interest	2.50	2.47	2.33	2.49	3.12	1.27	0.78	1.29	0.66	0.85	0.78
Depreciation	1.61	1.62	1.65	1.66	1.66	1.87	1.90	2.11	2.16	2.24	2.40
Profit before tax	-0.02	0.77	0.29	-0.05	-0.05	2.90	2.59	18.01	6.81	5.80	9.38
Tax %	-1,500.00%	-49.35%	-72.41%	940.00%	-1,180.00%	28.62%	28.19%	29.65%	29.22%	27.07%	28.25%
	-0.32	1.15	0.50	0.42	-0.65	2.06	1.85	12.67	4.81	4.23	6.74
EPS in Rs	-0.16	0.60	0.26	0.22	-0.34	1.07	0.96	6.90	2.62	2.30	3.67
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2007	Mar 2018	Mar 2019	Mar 2023	TTM
	217	207	182	367	337
	196	191	164	332	289
Operating Profit	21	17	18	35	48
OPM %	10%	8%	10%	10%	14%
	1	0	0	6	5
Interest	7	10	10	4	4
Depreciation	3	6	7	8	9
Profit before tax	12	1	1	29	40
Tax %	34%	62%	-48%	30%
	8	0	1	20	28
EPS in Rs	4.78	0.19	0.73	10.96	15.49
Dividend Payout %	10%	0%	0%	0%

Compounded Sales Growth
10 Years:	%
5 Years:	12%
3 Years:	%
TTM:	%

Compounded Profit Growth
10 Years:	%
5 Years:	125%
3 Years:	%
TTM:	%

Stock Price CAGR
10 Years:	21%
5 Years:	48%
3 Years:	95%
1 Year:	295%

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

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2007	Mar 2018	Mar 2019	Mar 2023	Sep 2023
Equity Capital	6	19	19	18	18
Reserves	30	66	68	85	94
	68	112	99	22	51
	31	16	12	20	32
Total Liabilities	135	213	198	146	195
	45	61	57	60	65
CWIP	0	0	0	0	0
Investments	0	0	0	0	13
	90	153	141	86	118
Total Assets	135	213	198	146	195

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2007	Mar 2018	Mar 2019	Mar 2023
	-18	14	27	45
	-17	-1	-2	-19
	38	-14	-24	-26
Net Cash Flow	3	-1	1	-0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2007	Mar 2018	Mar 2019	Mar 2023
Debtor Days	32	74	61	33
Inventory Days	117	220	231	38
Days Payable	39	20	15	7
Cash Conversion Cycle	110	273	277	64
Working Capital Days	96	238	252	65
ROCE %			6%

Shareholding Pattern

Numbers in percentages

4 Recently

	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	74.70%	74.70%	74.70%	74.70%	74.70%	74.70%	75.32%	75.00%	75.00%	75.00%	75.00%	75.00%
	0.35%	0.35%	0.35%	0.32%	0.32%	0.35%	0.39%	0.38%	0.38%	0.38%	0.38%	0.38%
	24.95%	24.95%	24.95%	24.98%	24.98%	24.95%	24.30%	24.62%	24.62%	24.62%	24.62%	24.62%
No. of Shareholders	1,541	1,540	1,549	3,860	3,366	3,101	2,960	2,776	2,748	2,494	2,733	3,278

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

* 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

Shareholding Pattern

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