Suraj Ltd

₹ 208 0.00%

30 Mar 11:24 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 ₹ 382 Cr.
Current Price ₹ 208
High / Low ₹ 440 / 202
Stock P/E
Book Value ₹ 72.2
Dividend Yield 0.72 %
ROCE 11.9 %
ROE 8.89 %
Face Value ₹ 10.0

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Pros

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of 5.87% over past five years.
Earnings include an other income of Rs.4.90 Cr.
Debtor days have increased from 40.7 to 51.3 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

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
	93.37	82.35	76.49	84.92	93.09	76.17	54.74	56.64	63.61	58.75	50.34	50.19	61.88
	87.40	62.84	67.24	77.44	81.60	64.92	45.72	48.31	50.51	60.92	45.50	46.52	56.70
Operating Profit	5.97	19.51	9.25	7.48	11.49	11.25	9.02	8.33	13.10	-2.17	4.84	3.67	5.18
OPM %	6.39%	23.69%	12.09%	8.81%	12.34%	14.77%	16.48%	14.71%	20.59%	-3.69%	9.61%	7.31%	8.37%
	1.95	1.90	0.37	0.98	0.73	1.37	0.49	1.56	0.52	1.66	1.37	1.23	0.64
Interest	0.76	1.29	0.66	0.85	0.78	1.38	0.73	0.80	1.18	2.02	1.21	0.83	1.13
Depreciation	2.04	2.11	2.16	2.24	2.40	2.58	2.70	2.55	2.77	2.88	2.83	2.88	2.74
Profit before tax	5.12	18.01	6.80	5.37	9.04	8.66	6.08	6.54	9.67	-5.41	2.17	1.19	1.95
Tax %	31.05%	29.65%	29.26%	29.24%	29.31%	30.83%	30.92%	30.73%	29.27%	-28.28%	29.03%	53.78%	30.26%
	3.54	12.67	4.81	3.79	6.40	5.99	4.21	4.54	6.84	-3.88	1.55	0.55	1.36
EPS in Rs	1.93	6.90	2.62	2.06	3.49	3.26	2.29	2.47	3.72	-2.11	0.84	0.30	0.74
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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
	238	248	153	196	207	179	176	188	344	367	331	234	221
	211	224	136	180	190	162	159	175	331	332	291	205	210
Operating Profit	27	24	17	16	17	18	17	14	12	35	39	28	12
OPM %	11%	10%	11%	8%	8%	10%	10%	7%	4%	10%	12%	12%	5%
	1	3	1	0	0	0	1	4	5	6	3	4	5
Interest	11	10	10	9	10	10	10	9	6	4	4	5	5
Depreciation	11	7	7	6	6	7	7	7	7	8	9	11	11
Profit before tax	6	9	1	1	1	1	2	2	5	29	30	17	-0
Tax %	36%	26%	25%	38%	60%	-48%	38%	29%	35%	30%	31%	31%
	4	7	0	0	0	1	1	1	3	20	21	12	-0
EPS in Rs	1.91	3.58	0.20	0.22	0.20	0.73	0.50	0.71	1.56	10.96	11.25	6.38	-0.23
Dividend Payout %	79%	42%	0%	0%	0%	0%	0%	0%	0%	0%	13%	24%

Compounded Sales Growth
10 Years:	-1%
5 Years:	6%
3 Years:	-12%
TTM:	-12%

Compounded Profit Growth
10 Years:	7%
5 Years:	63%
3 Years:	55%
TTM:	-102%

Stock Price CAGR
10 Years:	16%
5 Years:	50%
3 Years:	41%
1 Year:	-42%

Return on Equity
10 Years:	6%
5 Years:	11%
3 Years:	15%
Last Year:	9%

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	Sep 2025
Equity Capital	19	19	19	19	19	19	19	19	19	18	18	18	18
Reserves	63	66	66	66	66	68	69	70	73	85	103	112	114
	121	130	122	116	112	99	81	56	35	22	34	64	44
	22	20	8	28	16	12	20	24	30	20	29	25	26
Total Liabilities	225	235	216	229	213	198	188	169	158	146	185	220	202
	78	74	68	63	61	57	54	49	49	60	85	89	86
CWIP	0	0	0	3	0	0	0	0	0	0	0	0	0
Investments	0	0	0	0	0	0	0	0	0	0	13	13	13
	147	160	147	164	152	141	134	119	109	86	87	118	103
Total Assets	225	235	216	229	213	198	188	169	158	146	185	220	202

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
	30	1	10	16	14	26	30	33	33	45	41	-9
	-4	-6	5	-2	-1	-2	-4	-2	-7	-19	-47	-14
	-24	2	-14	-13	-14	-23	-28	-34	-26	-26	6	23
Net Cash Flow	2	-3	0	0	-1	1	-1	-3	0	-0	-0	-0
Free Cash Flow	25	-1	8	16	13	24	27	30	26	26	7	-23
CFO/OP	122%	17%	75%	101%	93%	153%	181%	243%	278%	151%	136%	-20%

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	31	40	78	79	74	62	45	48	30	33	38	51
Inventory Days	225	212	343	242	220	234	273	194	80	38	39	133
Days Payable	13	15	6	42	20	16	36	40	27	7	22	31
Cash Conversion Cycle	244	237	415	279	274	281	282	203	82	64	55	153
Working Capital Days	5	4	33	32	41	55	65	78	45	33	11	31
ROCE %	8%	8%	5%	5%	5%	6%	7%	7%	8%	26%	24%	12%

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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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

Shareholding Pattern

Numbers in percentages

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
	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%	0.00%	0.02%	0.00%
	0.38%	0.38%	0.38%	0.38%	0.38%	0.38%	0.38%	0.38%	0.38%	0.00%	0.00%	0.00%
	24.62%	24.62%	24.62%	24.62%	24.62%	24.63%	24.61%	24.61%	24.62%	24.99%	24.98%	24.99%
No. of Shareholders	2,776	2,748	2,494	2,733	3,278	3,141	3,192	2,991	2,880	2,838	2,795	2,812

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Dec 2025
	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%	24.99%
No. of Shareholders	1,823	1,712	1,609	1,590	1,541	3,366	2,776	3,278	2,880	2,812

* 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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