Suraj Ltd
Incorporated in 1994, Suraj Ltd manufactures tube and tube fittings of basic iron and steel[1]
- Market Cap ₹ 694 Cr.
- Current Price ₹ 378
- High / Low ₹ 530 / 220
- Stock P/E 61.9
- Book Value ₹ 71.1
- Dividend Yield 0.40 %
- 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.
- Working capital days have increased from 77.7 days to 131 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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
238 | 248 | 153 | 196 | 207 | 179 | 176 | 188 | 344 | 367 | 331 | 234 | |
211 | 224 | 136 | 180 | 190 | 162 | 159 | 175 | 331 | 332 | 291 | 205 | |
Operating Profit | 27 | 24 | 17 | 16 | 17 | 18 | 17 | 14 | 12 | 35 | 39 | 28 |
OPM % | 11% | 10% | 11% | 8% | 8% | 10% | 10% | 7% | 4% | 10% | 12% | 12% |
1 | 3 | 1 | 0 | 0 | 0 | 1 | 4 | 5 | 6 | 3 | 4 | |
Interest | 11 | 10 | 10 | 9 | 10 | 10 | 10 | 9 | 6 | 4 | 4 | 5 |
Depreciation | 11 | 7 | 7 | 6 | 6 | 7 | 7 | 7 | 7 | 8 | 9 | 11 |
Profit before tax | 6 | 9 | 1 | 1 | 1 | 1 | 2 | 2 | 5 | 29 | 30 | 17 |
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 | |
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 |
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: | -29% |
Compounded Profit Growth | |
---|---|
10 Years: | 7% |
5 Years: | 63% |
3 Years: | 55% |
TTM: | -45% |
Stock Price CAGR | |
---|---|
10 Years: | 22% |
5 Years: | 81% |
3 Years: | 76% |
1 Year: | 58% |
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 | 167 | 187 | 325 | 248 | 238 | 255 | 233 | 186 | 83 | 54 | 48 | 131 |
ROCE % | 8% | 8% | 5% | 5% | 5% | 6% | 7% | 7% | 8% | 26% | 24% | 12% |
Documents
Announcements
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Announcement Under Regulation 30(LODR)-News Paper Publication
1d - Notice of Suraj Ltd's 32nd AGM on July 9, 2025, with e-voting details and annual report availability.
- Reg. 34 (1) Annual Report. 2d
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Notice Of 32Nd Annual General Meeting For Financial Year 2024-25.
2d - Suraj Ltd AGM on July 9, 2025; approval of FY25 financials and key managerial remuneration up to Rs.20 lakh/month.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
27 May - Of Newspaper Publication of Quarterly Results for Quarter Ended on 31st March, 2025
- Financial Results For The Quarter And Year Ended On 31St March, 2025. 26 May
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