Sunflag Iron & Steel Company Ltd
Sunflag Iron & Steel Company Ltd was established in 1984 & is a part of Sunflag Group, company started operations in 1989 as a spring steel producer however, at present the company manufactures mild-steel and alloy steel products of varieties like carbon steel, free & semi free cutting steels,etc. [1]
- Market Cap ₹ 4,699 Cr.
- Current Price ₹ 260
- High / Low ₹ 322 / 188
- Stock P/E 24.0
- Book Value ₹ 486
- Dividend Yield 0.29 %
- ROCE 3.95 %
- ROE 2.33 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.54 times its book value
- Market value of investments Rs.7,724 Cr. is more than the Market Cap Rs.4,699 Cr.
Cons
- Company has a low return on equity of 3.83% over last 3 years.
- Dividend payout has been low at 2.79% 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,470 | 1,640 | 1,524 | 1,456 | 2,018 | 2,186 | 1,758 | 1,892 | 2,698 | 3,488 | 3,415 | 3,536 | 3,654 | |
| 1,323 | 1,471 | 1,346 | 1,311 | 1,782 | 1,948 | 1,588 | 1,644 | 2,300 | 3,043 | 3,040 | 3,146 | 3,235 | |
| Operating Profit | 147 | 169 | 178 | 145 | 237 | 238 | 171 | 247 | 398 | 446 | 375 | 389 | 419 |
| OPM % | 10% | 10% | 12% | 10% | 12% | 11% | 10% | 13% | 15% | 13% | 11% | 11% | 11% |
| 5 | 5 | 9 | 8 | 17 | 11 | 11 | 11 | 5 | 1,200 | 6 | 16 | 33 | |
| Interest | 73 | 71 | 65 | 35 | 35 | 39 | 41 | 29 | 42 | 81 | 97 | 90 | 89 |
| Depreciation | 61 | 51 | 36 | 33 | 34 | 38 | 46 | 70 | 76 | 81 | 103 | 104 | 105 |
| Profit before tax | 18 | 52 | 87 | 85 | 184 | 172 | 94 | 159 | 284 | 1,484 | 181 | 211 | 258 |
| Tax % | -18% | 53% | 34% | 23% | 30% | 36% | 2% | 16% | 24% | 25% | 22% | 24% | |
| 22 | 24 | 57 | 65 | 129 | 111 | 93 | 134 | 216 | 1,114 | 142 | 162 | 196 | |
| EPS in Rs | 1.34 | 1.35 | 3.15 | 3.62 | 7.14 | 6.14 | 5.14 | 7.41 | 12.01 | 61.83 | 7.86 | 8.98 | 10.88 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 7% | 8% | 0% | 0% | 0% | 0% | 0% | 8% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 15% |
| 3 Years: | 9% |
| TTM: | 4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 21% |
| 5 Years: | 12% |
| 3 Years: | -9% |
| TTM: | 36% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 30% |
| 5 Years: | 41% |
| 3 Years: | 44% |
| 1 Year: | 22% |
| Return on Equity | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 5% |
| 3 Years: | 4% |
| Last Year: | 2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 162 | 180 | 180 | 180 | 180 | 180 | 180 | 180 | 180 | 180 | 180 | 180 |
| Reserves | 341 | 403 | 463 | 528 | 657 | 760 | 1,206 | 1,341 | 1,556 | 3,148 | 4,968 | 8,570 |
| 473 | 417 | 246 | 326 | 337 | 348 | 382 | 264 | 582 | 605 | 722 | 620 | |
| 328 | 331 | 353 | 340 | 387 | 475 | 636 | 587 | 754 | 989 | 1,130 | 1,795 | |
| Total Liabilities | 1,304 | 1,332 | 1,243 | 1,374 | 1,561 | 1,763 | 2,404 | 2,371 | 3,072 | 4,923 | 7,001 | 11,165 |
| 584 | 570 | 542 | 511 | 513 | 535 | 1,145 | 1,188 | 1,250 | 1,590 | 1,523 | 1,483 | |
| CWIP | 12 | 3 | 4 | 46 | 108 | 179 | 210 | 150 | 350 | 170 | 258 | 274 |
| Investments | 8 | 8 | 10 | 12 | 12 | 14 | 14 | 14 | 14 | 1,722 | 3,647 | 7,784 |
| 700 | 751 | 687 | 806 | 929 | 1,035 | 1,035 | 1,020 | 1,458 | 1,441 | 1,573 | 1,624 | |
| Total Assets | 1,304 | 1,332 | 1,243 | 1,374 | 1,561 | 1,763 | 2,404 | 2,371 | 3,072 | 4,923 | 7,001 | 11,165 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 107 | 78 | 236 | -21 | 95 | 177 | 208 | 223 | 43 | 278 | 244 | 187 | |
| -6 | -4 | -13 | -28 | -92 | -142 | -126 | -60 | -335 | -219 | -83 | -87 | |
| -103 | -71 | -213 | 60 | -25 | -38 | -79 | -151 | 289 | -63 | 21 | -193 | |
| Net Cash Flow | -3 | 3 | 10 | 11 | -21 | -3 | 4 | 12 | -3 | -4 | 182 | -93 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 52 | 42 | 53 | 62 | 55 | 48 | 46 | 41 | 37 | 33 | 37 | 37 |
| Inventory Days | 130 | 140 | 129 | 166 | 130 | 147 | 190 | 164 | 186 | 142 | 137 | 154 |
| Days Payable | 82 | 70 | 64 | 59 | 57 | 71 | 106 | 80 | 102 | 93 | 87 | 79 |
| Cash Conversion Cycle | 100 | 112 | 118 | 169 | 128 | 124 | 130 | 124 | 122 | 83 | 88 | 112 |
| Working Capital Days | 29 | 30 | 38 | 44 | 51 | 46 | 62 | 77 | 54 | 40 | 23 | 37 |
| ROCE % | 9% | 13% | 16% | 12% | 20% | 17% | 9% | 11% | 16% | 12% | 6% | 4% |
Documents
Announcements
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Board Meeting Intimation for Consider And Approve The Un-Audited Financial Results (Standalone And Consolidated) For The Second Quarter (Q-2) / Half Year (H-1) Ended 30Th September, 2025
1d - Board meeting 13 Nov 2025 to approve Q2/H1 results for Sep 30, 2025; trading window closed till 15 Nov.
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Announcement under Regulation 30 (LODR)-Change in Management
1 Nov - CEO Brijendra Kumar Tiwari resigned; relieved effective close of business 31 October 2025.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
11 Oct - Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended September, 2025
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 29 Sep
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Shareholder Meeting / Postal Ballot-Outcome of AGM
26 Sep - AGM adopted FY24-25 financials; final dividend Rs0.75/share; MD reappointed five years from 17 Jan 2026; Lodha & Co. appointed.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
from nse
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Financial Year 2013
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Financial Year 2012
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Product Portfolio
Products include rolled products, billet/bloom, ingots, bright Bars, etc. of varied shapes and size ranges. It is a reputed supplier of flat bars, round bars, bright bars, and wire rods for alloy, spring, ball-bearing, and stainless steel. [1] [2]