Surya Roshni Ltd

Surya Roshni is engaged in the largest GI Steel Pipe Manufacturer and the second largest in lighting products in India.

  • Market Cap: 619.17 Cr.
  • Current Price: 113.80
  • 52 weeks High / Low 231.50 / 61.70
  • Book Value: 227.71
  • Stock P/E: 6.06
  • Dividend Yield: 1.76 %
  • ROCE: 12.81 %
  • ROE: 10.98 %
  • Sales Growth (3Yrs): 26.36 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
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Pros:
Stock is trading at 0.50 times its book value
Cons:
Company has a low return on equity of 10.79% for last 3 years.
Contingent liabilities of Rs.412.61 Cr.

Peer comparison Sector: Steel // Industry: Steel - Large

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
1,056 1,136 1,313 1,426 1,270 1,395 1,605 1,706 1,412 1,324 1,395 1,338
986 1,054 1,221 1,324 1,197 1,311 1,509 1,588 1,329 1,239 1,298 1,249
Operating Profit 70 82 92 102 74 84 96 118 83 84 96 90
OPM % 7% 7% 7% 7% 6% 6% 6% 7% 6% 6% 7% 7%
0 0 1 2 1 1 1 2 1 1 1 1
Interest 26 26 26 28 27 27 30 31 30 29 30 25
Depreciation 21 22 22 22 21 22 23 23 25 26 26 27
Profit before tax 23 34 45 53 27 36 45 66 29 30 42 39
Tax % 29% 32% 31% 30% 24% 29% 30% 33% 32% 25% 26% 24%
Net Profit 16 24 31 37 21 25 31 44 19 23 31 30
EPS in Rs 3.02 4.33 5.70 6.81 3.77 4.62 5.72 8.11 3.56 4.16 5.63 5.43
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
1,229 1,462 1,756 2,182 2,522 2,922 2,962 2,778 2,964 3,887 4,938 5,980 5,469
1,166 1,379 1,643 2,001 2,326 2,686 2,729 2,555 2,722 3,574 4,592 5,608 5,115
Operating Profit 63 83 113 181 196 237 234 223 242 313 346 372 354
OPM % 5% 6% 6% 8% 8% 8% 8% 8% 8% 8% 7% 6% 6%
28 15 17 0 1 2 4 4 2 1 3 4 3
Interest 38 46 49 61 94 110 114 109 96 113 105 115 114
Depreciation 26 24 27 51 47 57 56 56 61 84 87 89 103
Profit before tax 27 28 54 70 56 72 67 62 87 118 156 173 139
Tax % 26% 23% 16% 5% 7% 4% 20% 12% 27% 27% 31% 30%
Net Profit 20 22 45 67 52 69 53 54 63 86 108 121 102
EPS in Rs 15.90 14.98 11.86 15.14 12.00 12.14 14.40 15.86 19.86 22.22 18.78
Dividend Payout % 19% 14% 12% 10% 0% 25% 8% 8% 7% 9% 10% 9%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:15.13%
5 Years:15.09%
3 Years:26.36%
TTM:-8.50%
Compounded Profit Growth
10 Years:18.89%
5 Years:18.18%
3 Years:24.39%
TTM:-15.45%
Stock Price CAGR
10 Years:2.39%
5 Years:-3.22%
3 Years:-27.06%
1 Year:-48.98%
Return on Equity
10 Years:9.91%
5 Years:9.63%
3 Years:10.79%
Last Year:10.98%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
26 26 28 44 44 44 44 44 44 54 54 54 54
Reserves 155 172 220 573 624 688 730 767 648 897 993 1,098 1,185
Borrowings 403 440 664 761 833 857 1,038 948 895 1,071 1,097 1,192 1,032
90 103 145 195 198 226 259 310 390 594 711 685 699
Total Liabilities 673 742 1,057 1,572 1,699 1,815 2,071 2,068 1,977 2,616 2,855 3,029 2,970
285 339 460 775 821 853 912 936 753 1,101 1,072 1,089 1,061
CWIP 31 10 48 32 38 26 54 26 18 16 22 25 15
Investments 0 16 50 50 50 50 50 50 50 0 0 0 4
358 377 498 715 790 886 1,055 1,056 1,155 1,500 1,762 1,916 1,890
Total Assets 673 742 1,057 1,572 1,699 1,815 2,071 2,068 1,977 2,616 2,855 3,029 2,970

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
6 67 11 14 117 175 90 267 208 256 155 120
-4 -73 -220 -164 -98 -77 -146 -62 -51 -100 -63 -105
-2 11 209 165 -23 -100 62 -203 -156 -163 -88 -37
Net Cash Flow 0 5 1 15 -4 -2 6 2 1 -6 4 -22

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 10% 12% 13% 11% 10% 12% 11% 9% 11% 13% 13% 13%
Debtor Days 40 36 37 45 49 51 61 69 65 59 53 51
Inventory Turnover 5.62 6.09 5.70 5.16 5.42 6.00 5.73 5.08 5.21 5.21 5.20 5.71

Shareholding pattern in percentages

Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
63.32 63.32 63.32 62.90 62.90 62.90 62.90 62.90 62.90 62.90 62.90 62.90
1.61 1.10 1.14 1.12 1.19 1.35 1.32 1.30 1.48 1.32 1.27 1.16
2.79 2.71 2.78 2.22 2.28 2.40 2.34 2.41 2.39 2.29 2.26 2.31
32.28 32.87 32.75 33.76 33.63 33.35 33.44 33.38 33.23 33.49 33.57 33.62