Suraj Ltd
Incorporated in 1994, Suraj Ltd manufactures tube and tube fittings of basic iron and steel[1]
- Market Cap ₹ 382 Cr.
- Current Price ₹ 208
- High / Low ₹ 440 / 202
- Stock P/E
- Book Value ₹ 74.4
- Dividend Yield 0.72 %
- ROCE 12.7 %
- ROE 10.0 %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- Earnings include an other income of Rs.6.39 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2007 | Mar 2018 | Mar 2019 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 217 | 207 | 182 | 367 | 331 | 234 | 221 | |
| 196 | 191 | 164 | 332 | 291 | 205 | 212 | |
| Operating Profit | 21 | 17 | 18 | 35 | 39 | 28 | 9 |
| OPM % | 10% | 8% | 10% | 10% | 12% | 12% | 4% |
| 1 | 0 | 0 | 6 | 4 | 6 | 6 | |
| Interest | 7 | 10 | 10 | 4 | 4 | 5 | 5 |
| Depreciation | 3 | 6 | 7 | 8 | 9 | 11 | 11 |
| Profit before tax | 12 | 1 | 1 | 29 | 31 | 18 | -1 |
| Tax % | 34% | 62% | -48% | 30% | 30% | 28% | |
| 8 | 0 | 1 | 20 | 22 | 13 | -1 | |
| EPS in Rs | 4.78 | 0.19 | 0.73 | 10.96 | 11.72 | 7.24 | -0.53 |
| Dividend Payout % | 10% | 0% | 0% | 0% | 13% | 21% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -104% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 50% |
| 3 Years: | 41% |
| 1 Year: | -42% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 16% |
| Last Year: | 10% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2007 | Mar 2018 | Mar 2019 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 19 | 19 | 18 | 18 | 18 | 18 |
| Reserves | 30 | 66 | 68 | 85 | 104 | 115 | 118 |
| 68 | 112 | 99 | 22 | 34 | 64 | 44 | |
| 31 | 16 | 12 | 20 | 29 | 25 | 26 | |
| Total Liabilities | 135 | 213 | 198 | 146 | 186 | 222 | 206 |
| 45 | 61 | 57 | 60 | 85 | 89 | 86 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 14 | 15 | 17 |
| 90 | 153 | 141 | 86 | 87 | 118 | 103 | |
| Total Assets | 135 | 213 | 198 | 146 | 186 | 222 | 206 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2007 | Mar 2018 | Mar 2019 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| -18 | 14 | 27 | 45 | 41 | -9 | |
| -17 | -1 | -2 | -19 | -47 | -14 | |
| 38 | -14 | -24 | -26 | 6 | 23 | |
| Net Cash Flow | 3 | -1 | 1 | -0 | -0 | -0 |
| Free Cash Flow | -35 | 12 | 24 | 26 | 7 | -23 |
| CFO/OP | -72% | 90% | 156% | 151% | 136% | -20% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2007 | Mar 2018 | Mar 2019 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 32 | 74 | 61 | 33 | 38 | 51 |
| Inventory Days | 117 | 220 | 231 | 38 | 39 | 133 |
| Days Payable | 39 | 20 | 15 | 7 | 22 | 31 |
| Cash Conversion Cycle | 110 | 273 | 277 | 64 | 55 | 153 |
| Working Capital Days | 96 | 41 | 54 | 43 | 11 | 31 |
| ROCE % | 6% | 24% | 13% |
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. ・Standalone data |
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| Production Volume Metric Tonnes (M.T.) ・Standalone data |
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| Export Share of Revenue Percentage (%) ・Standalone data |
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| Total Permanent Employees Count ・Standalone data |
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Documents
Announcements
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Closure of Trading Window
24 Mar - Trading window closed from April 1, 2026 until 48 hours after audited results for quarter/year ending March 31, 2026.
-
Announcement under Regulation 30 (LODR)-Change in Management
11 Feb - Appointed M/s Trivedi Parikh & Shah as Internal Auditor for FY2025-26 on 11 Feb 2026, replacing deceased auditor.
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Board Meeting Outcome for Outcome Of Board Meeting Held On February 11, 2026
11 Feb - Appointed M/s. Trivedi Parikh & Shah as internal auditor for FY2025-26, effective 11 Feb 2026.
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Announcement under Regulation 30 (LODR)-Cessation
24 Jan - Internal auditor Sandip S. Gandhi (M/s S.S. Gandhi & Associates) died 22 Jan 2026; replacement to be appointed.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
17 Jan - Newspaper publication of Financial Results of Quarter and Nine months Ended on 31St December, 2025.
Annual reports
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Financial Year 2025
from bse
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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
from bse
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