Sunflag Iron & Steel Company Ltd

₹ 278 -4.25%

10 Jun 4:01 p.m.

sunflagsteel.com BSE: 500404 NSE: SUNFLAG

About

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]

Key Points

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]

Website BSE NSE

Market Cap ₹ 5,016 Cr.
Current Price ₹ 278
High / Low ₹ 311 / 188
Stock P/E 31.0
Book Value ₹ 486
Dividend Yield 0.00 %
ROCE 3.94 %
ROE 2.33 %
Face Value ₹ 10.0

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Pros

Company is almost debt free.
Stock is trading at 0.60 times its book value

Cons

Company has a low return on equity of 3.84% over last 3 years.
Dividend payout has been low at 2.78% 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

Part of BSE SmallCap BSE Allcap BSE Industrials Nifty Microcap 250 Nifty Total Market

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	649	897	886	869	837	784	858	854	919	895	866	892	883
	570	827	723	753	740	704	759	757	820	815	767	781	783
Operating Profit	79	70	162	117	97	80	99	97	99	80	99	111	100
OPM %	12%	8%	18%	13%	12%	10%	12%	11%	11%	9%	11%	12%	11%
	1	1,194	1	3	2	2	1	1	2	3	8	3	3
Interest	12	15	17	22	27	24	23	26	24	21	25	22	22
Depreciation	20	20	20	20	21	26	26	26	26	26	26	26	26
Profit before tax	48	1,229	126	78	50	33	51	47	51	35	56	66	55
Tax %	15%	25%	25%	24%	21%	23%	25%	23%	17%	21%	26%	23%	22%
	41	921	95	60	40	26	39	36	43	28	41	50	43
EPS in Rs	2.26	51.10	5.28	3.31	2.20	1.43	2.15	2.00	2.38	1.55	2.26	2.78	2.40
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	1,470	1,640	1,524	1,456	2,018	2,186	1,758	1,892	2,698	3,488	3,415	3,536
	1,323	1,471	1,346	1,311	1,782	1,949	1,588	1,638	2,300	3,043	3,040	3,146
Operating Profit	147	169	178	145	237	237	170	254	398	446	375	389
OPM %	10%	10%	12%	10%	12%	11%	10%	13%	15%	13%	11%	11%
	5	5	9	8	17	11	11	11	5	1,201	8	17
Interest	73	71	65	35	35	39	41	29	42	81	97	90
Depreciation	61	51	36	33	34	38	46	70	76	81	103	104
Profit before tax	18	52	86	85	184	172	94	166	285	1,485	183	211
Tax %	-18%	53%	35%	23%	30%	36%	2%	15%	24%	25%	22%	23%
	22	24	56	65	129	110	92	141	217	1,115	144	162
EPS in Rs	1.34	1.35	3.12	3.62	7.14	6.12	5.11	7.80	12.04	61.89	7.96	8.99
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:	13%

Stock Price CAGR
10 Years:	32%
5 Years:	52%
3 Years:	43%
1 Year:	39%

Return on Equity
10 Years:	6%
5 Years:	5%
3 Years:	4%
Last Year:	2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	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	167	185	180	180	180	180	180	180	180	180	180	180
Reserves	341	403	463	529	657	760	1,205	1,353	1,569	3,162	4,984	8,586
	477	421	250	330	341	352	387	268	587	609	727	624
	330	333	355	342	389	477	637	588	755	991	1,132	1,797
Total Liabilities	1,314	1,342	1,248	1,381	1,566	1,769	2,409	2,389	3,091	4,942	7,022	11,187
	586	572	543	513	515	537	1,147	1,190	1,252	1,591	1,525	1,485
CWIP	37	29	26	69	130	202	233	173	373	193	281	297
Investments	4	4	7	9	9	12	11	16	17	1,726	3,642	7,779
	686	736	671	791	913	1,019	1,019	1,011	1,449	1,432	1,574	1,626
Total Assets	1,314	1,342	1,248	1,381	1,566	1,769	2,409	2,389	3,091	4,942	7,022	11,187

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	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	-18	117	177	209	223	43	278	244	187
	-7	-4	-13	-33	-97	-141	-125	-60	-335	-219	-83	-87
	-103	-71	-213	60	-41	-39	-79	-151	289	-63	21	-193
Net Cash Flow	-3	3	10	10	-20	-3	5	12	-3	-4	182	-93

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	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	71	74	65	110	91	90	90	92	100	58	67	79
ROCE %	9%	12%	16%	12%	20%	17%	9%	11%	16%	12%	6%	4%

Shareholding Pattern

Numbers in percentages

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	51.16%	51.16%	51.16%	51.16%	51.16%	51.16%	51.16%	51.16%	51.16%	51.16%	51.16%	51.16%
	0.43%	0.33%	0.31%	0.88%	0.73%	0.96%	0.93%	0.80%	0.86%	0.89%	0.60%	0.48%
	0.04%	0.04%	0.04%	0.04%	0.05%	0.04%	0.08%	0.10%	0.10%	0.12%	0.13%	0.14%
	48.37%	48.47%	48.50%	47.92%	48.07%	47.84%	47.83%	47.95%	47.87%	47.82%	48.10%	48.21%
No. of Shareholders	66,081	66,555	63,974	61,232	60,136	66,897	67,612	66,392	65,359	66,811	65,542	63,596

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	49.06%	49.06%	49.16%	50.57%	51.16%	51.16%	51.16%	51.16%	51.16%
	0.00%	0.20%	0.22%	0.02%	0.05%	0.22%	0.88%	0.80%	0.48%
	0.14%	0.36%	0.14%	0.12%	0.04%	0.04%	0.04%	0.10%	0.14%
	50.80%	50.38%	50.47%	49.29%	48.75%	48.58%	47.92%	47.95%	48.21%
No. of Shareholders	68,241	57,039	56,767	54,869	62,072	72,601	61,232	66,392	63,596

* 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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Sunflag Iron & Steel Company Ltd

Sunflag Iron & Steel Company Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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