Suraj Ltd
Incorporated in 1994, Suraj Ltd manufactures tube and tube fittings of basic iron and steel[1]
- Market Cap ₹ 654 Cr.
- Current Price ₹ 356
- High / Low ₹ 530 / 224
- Stock P/E 72.2
- Book Value ₹ 71.1
- Dividend Yield 0.42 %
- ROCE 11.9 %
- ROE 8.89 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 63.1% CAGR over last 5 years
Cons
- The company has delivered a poor sales growth of 5.87% over past five years.
- 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
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
238 | 248 | 153 | 196 | 207 | 179 | 176 | 188 | 344 | 367 | 331 | 234 | 229 | |
211 | 224 | 136 | 180 | 190 | 162 | 159 | 175 | 331 | 332 | 291 | 205 | 205 | |
Operating Profit | 27 | 24 | 17 | 16 | 17 | 18 | 17 | 14 | 12 | 35 | 39 | 28 | 24 |
OPM % | 11% | 10% | 11% | 8% | 8% | 10% | 10% | 7% | 4% | 10% | 12% | 12% | 11% |
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 | 13 |
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 | 9 | |
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 | 4.92 |
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: | -26% |
Compounded Profit Growth | |
---|---|
10 Years: | 7% |
5 Years: | 63% |
3 Years: | 55% |
TTM: | -56% |
Stock Price CAGR | |
---|---|
10 Years: | 22% |
5 Years: | 68% |
3 Years: | 72% |
1 Year: | 48% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 18 | 18 | 18 |
Reserves | 63 | 66 | 66 | 66 | 66 | 68 | 69 | 70 | 73 | 85 | 103 | 112 |
121 | 130 | 122 | 116 | 112 | 99 | 81 | 56 | 35 | 22 | 34 | 64 | |
22 | 20 | 8 | 28 | 16 | 12 | 20 | 24 | 30 | 20 | 29 | 25 | |
Total Liabilities | 225 | 235 | 216 | 229 | 213 | 198 | 188 | 169 | 158 | 146 | 185 | 220 |
78 | 74 | 68 | 63 | 61 | 57 | 54 | 49 | 49 | 60 | 85 | 89 | |
CWIP | 0 | 0 | 0 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13 | 13 |
147 | 160 | 147 | 164 | 152 | 141 | 134 | 119 | 109 | 86 | 87 | 118 | |
Total Assets | 225 | 235 | 216 | 229 | 213 | 198 | 188 | 169 | 158 | 146 | 185 | 220 |
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 |
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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
25 Jul - Copy of Newspaper Publication of Unaudited Financial Results for quarter Ended on June 30, 2025.
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Board Comments On Non Compliance Under Regulation 24A.
24 Jul - Q1 2025-26 financial results approved; NSE and BSE non-compliance fines paid; future compliance assured.
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Outcome Of Board Meeting Held On 24Th July, 2025 For Approval Of Unaudited Standalone And Consolidated Financial Results For Quarter Ended On June 30Th, 2025.
24 Jul - Suraj Limited approved Q1 FY2026 unaudited financial results; minor compliance fines paid; limited review completed.
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Board Meeting Outcome for Outcome Of Board Meeting Held On 24Th July, 2025 For Approval Of Unaudited Standalone And Consolidated Financial Results For Quarter Ended On June 30Th, 2025.
24 Jul - Q1 FY26 unaudited results approved; minor compliance fines paid; PAT Rs. 154.84L standalone, Rs. 274.38L consolidated.
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Board Meeting Intimation for To Consider And Approve The Standalone And Consolidated Un-Audited Financial Results Along With The Limited Review Report For The Quarter Ended June 30, 2025.
15 Jul - Board meeting on July 24 to approve Q1 financial results and note SEBI non-compliance.
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
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Financial Year 2012
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Financial Year 2011
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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