Surya Roshni Ltd

Surya Roshni Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Surya Roshni Ltd

₹ 337 -1.99%
13 Jun - close price
surya.co.in BSE: 500336 NSE: SURYAROSNI
About

Surya Roshni Limited incorporated in 1973 has emerged as India’s largest ERW Pipes exporter, largest GI Pipes producer, and the second largest in the lighting segment. Its focus is on developing the value-added product mix (3LPE Coated pipes, Alkyd pipes, etc.) [1]

Key Points

Brand Reputation
It is the leading manufacturer of ERW GI Pipes in India. It is also the leading exporter of ERW Pipes with a 60% market share. It is a leader in South India and among the top 3 in North India for GI Pipes. [1] It is ranked no. 1 in states such as AP, Telangana, MP, Chhattisgarh, UP, and Jharkhand; ranked no. 2 in Karnataka, Delhi, Maharashtra, Bihar, Rajasthan, and Uttarakhand, among others. [2]

Website BSE NSE
  • Market Cap ₹ 7,333 Cr.
  • Current Price ₹ 337
  • High / Low ₹ 372 / 205
  • Stock P/E 21.2
  • Book Value ₹ 113
  • Dividend Yield 0.37 %
  • ROCE 20.8 %
  • ROE 15.0 %
  • Face Value ₹ 5.00
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 27.6% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 20.7%

Cons

  • The company has delivered a poor sales growth of 6.33% over past five years.

* 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

Part of BSE SmallCap BSE Allcap BSE Industrials Nifty Microcap 250 Nifty Total Market

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
2,301 1,840 1,984 2,021 2,151 1,875 1,916 1,938 2,080 1,893 1,529 1,868 2,146
2,149 1,770 1,855 1,859 1,899 1,761 1,778 1,783 1,915 1,742 1,453 1,718 1,943
Operating Profit 152 70 129 163 252 114 137 155 166 151 76 150 202
OPM % 7% 4% 7% 8% 12% 6% 7% 8% 8% 8% 5% 8% 9%
2 1 2 1 2 2 2 4 7 8 7 6 9
Interest 15 13 11 11 10 6 6 7 4 5 6 5 5
Depreciation 28 28 29 30 29 29 29 30 29 30 31 30 31
Profit before tax 112 30 91 123 215 81 104 121 139 123 46 121 175
Tax % 26% 26% 25% 27% 28% 27% 27% 26% 25% 25% 26% 26% 26%
83 22 68 90 156 59 76 90 104 92 34 90 130
EPS in Rs 3.81 1.02 3.13 4.12 7.15 2.72 3.49 4.14 4.78 4.25 1.57 4.13 5.98
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
2,271 2,994 3,507 2,964 3,145 5,975 5,471 5,561 7,731 7,997 7,809 7,436
2,079 2,763 3,197 2,722 2,916 5,603 5,117 5,182 7,288 7,383 7,237 6,857
Operating Profit 193 231 310 243 230 372 354 379 443 614 572 579
OPM % 8% 8% 9% 8% 7% 6% 6% 7% 6% 8% 7% 8%
0 1 1 2 1 4 3 5 6 5 14 30
Interest 67 116 145 96 88 115 114 70 64 45 24 21
Depreciation 55 60 85 61 56 89 103 103 108 115 117 123
Profit before tax 71 56 82 87 87 172 140 211 277 459 445 465
Tax % 5% 7% 6% 27% 24% 30% 27% 25% 26% 27% 26% 26%
67 52 73 67 72 121 103 158 205 336 329 347
EPS in Rs 3.85 2.98 4.19 3.83 4.08 5.55 4.71 7.28 9.42 15.42 15.13 15.93
Dividend Payout % 10% 0% 24% 7% 9% 9% 11% 10% 10% 11% 16% 35%
Compounded Sales Growth
10 Years: %
5 Years: 6%
3 Years: -1%
TTM: -5%
Compounded Profit Growth
10 Years: %
5 Years: 28%
3 Years: 19%
TTM: 6%
Stock Price CAGR
10 Years: 29%
5 Years: 69%
3 Years: 54%
1 Year: 8%
Return on Equity
10 Years: %
5 Years: 16%
3 Years: 17%
Last Year: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 44 44 44 44 44 54 54 54 53 54 54 109
Reserves 588 684 693 660 723 1,097 1,185 1,314 1,494 1,810 2,112 2,356
991 1,186 1,196 895 886 1,192 1,090 732 593 418 16 16
241 285 362 390 465 685 641 842 974 776 739 752
Total Liabilities 1,864 2,200 2,295 1,990 2,118 3,029 2,971 2,941 3,115 3,057 2,922 3,234
926 1,159 1,196 753 787 1,089 1,061 1,029 943 912 835 841
CWIP 137 38 26 18 15 25 15 10 53 8 17 57
Investments 0 0 0 63 68 0 0 0 0 0 0 0
801 1,002 1,073 1,155 1,248 1,916 1,895 1,903 2,119 2,136 2,070 2,336
Total Assets 1,864 2,200 2,295 1,990 2,118 3,029 2,971 2,941 3,115 3,057 2,922 3,234

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-68 64 254 208 181 120 276 540 285 280 540 395
-289 -194 -108 -51 -84 -105 -48 -66 -54 -33 -51 -329
380 122 -155 -156 -105 -37 -229 -475 -231 -246 -454 -80
Net Cash Flow 22 -7 -8 1 -8 -22 -1 -1 0 1 34 -15

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 48 42 47 65 63 51 46 50 42 34 34 44
Inventory Days 94 87 68 79 84 66 80 74 59 68 66 58
Days Payable 13 19 13 36 40 27 26 41 35 24 22 24
Cash Conversion Cycle 129 109 101 108 107 90 101 83 65 78 77 79
Working Capital Days 88 83 76 94 94 77 85 74 58 64 61 64
ROCE % 10% 9% 11% 11% 11% 13% 16% 23% 21% 21%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
62.96% 62.96% 62.96% 62.96% 62.96% 62.96% 62.96% 62.96% 62.96% 62.96% 62.47% 62.47%
0.71% 1.18% 0.86% 2.54% 4.87% 5.15% 5.26% 5.02% 4.49% 4.87% 4.53% 4.12%
1.24% 0.04% 0.24% 0.24% 0.45% 0.45% 0.52% 0.56% 1.00% 1.03% 1.46% 1.63%
33.10% 33.93% 34.33% 33.15% 30.63% 30.54% 30.63% 31.11% 31.27% 31.02% 31.49% 31.75%
1.99% 1.89% 1.61% 1.11% 1.09% 0.91% 0.62% 0.36% 0.29% 0.12% 0.06% 0.03%
No. of Shareholders 45,64646,64545,72238,13341,37443,08347,63253,43859,59555,54661,30266,600

* 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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