Surya Roshni Ltd

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

Surya Roshni Ltd

₹ 647 -2.93%
24 Mar - 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 60% market share. It is a leader in South India and among the top 3 in North India for GI Pipes. [1] #1 in states such as AP, Telangana, MP, Chhattisgarh, UP, and Jharkhand

<h1>2 in Karnataka, Delhi, Maharashtra, Bihar, Rajasthan, and Uttarakhand, among others. [2]</h1>
Website BSE NSE
  • Market Cap ₹ 3,521 Cr.
  • Current Price ₹ 647
  • High / Low ₹ 741 / 324
  • Stock P/E 13.4
  • Book Value ₹ 298
  • Dividend Yield 0.62 %
  • ROCE 16.0 %
  • ROE 14.0 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 23.4% CAGR over last 5 years

Cons

  • Company has a low return on equity of 11.8% over last 3 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

Sector: Steel Industry: Steel - Large

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
1,398 1,339 887 1,374 1,578 1,722 1,453 1,946 2,030 2,301 1,840 1,984 2,021
1,302 1,248 844 1,274 1,462 1,602 1,361 1,845 1,933 2,149 1,770 1,855 1,859
Operating Profit 97 90 43 100 116 120 92 101 98 152 70 129 163
OPM % 7% 7% 5% 7% 7% 7% 6% 5% 5% 7% 4% 7% 8%
1 1 1 1 1 1 1 1 1 2 1 2 1
Interest 30 25 20 17 16 16 17 15 17 15 13 11 11
Depreciation 26 27 21 27 27 28 25 27 28 28 28 29 30
Profit before tax 42 39 3 57 74 78 51 60 55 112 30 91 123
Tax % 26% 24% 23% 26% 25% 25% 27% 26% 26% 26% 26% 25% 27%
Net Profit 31 30 2 42 56 59 37 44 40 83 22 68 90
EPS in Rs 5.71 5.48 0.41 7.70 10.22 10.76 6.86 8.15 7.44 15.22 4.09 12.51 16.48
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
1,058 1,462 1,756 2,271 2,994 3,507 2,964 3,145 5,975 5,471 5,561 7,731 8,147
995 1,380 1,643 2,079 2,763 3,197 2,722 2,916 5,603 5,117 5,182 7,288 7,633
Operating Profit 64 83 112 193 231 310 243 230 372 354 379 443 514
OPM % 6% 6% 6% 8% 8% 9% 8% 7% 6% 6% 7% 6% 6%
16 15 17 0 1 1 2 1 4 3 5 6 6
Interest 31 46 49 67 116 145 96 88 115 114 70 64 50
Depreciation 27 24 27 55 60 85 61 56 89 103 103 108 114
Profit before tax 22 28 54 71 56 82 87 87 172 140 211 277 356
Tax % 37% 23% 16% 5% 7% 6% 27% 24% 30% 27% 25% 26%
Net Profit 14 22 45 67 52 73 67 72 121 103 158 205 263
EPS in Rs 16.23 15.39 11.93 16.76 15.35 16.34 22.20 18.85 29.10 37.66 48.30
Dividend Payout % 28% 14% 12% 10% 0% 24% 7% 9% 9% 11% 10% 10%
Compounded Sales Growth
10 Years: 10%
5 Years: 20%
3 Years: 9%
TTM: 14%
Compounded Profit Growth
10 Years: 15%
5 Years: 23%
3 Years: 19%
TTM: 45%
Stock Price CAGR
10 Years: 26%
5 Years: 11%
3 Years: 110%
1 Year: 51%
Return on Equity
10 Years: %
5 Years: %
3 Years: 12%
Last Year: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
26 26 28 44 44 44 44 44 54 54 54 53 53
Reserves 135 172 220 573 669 693 660 723 1,097 1,185 1,314 1,494 1,567
380 440 691 991 1,186 1,196 895 886 1,192 1,090 732 593 523
88 109 208 256 300 362 390 465 685 641 842 974 860
Total Liabilities 629 748 1,148 1,864 2,200 2,295 1,990 2,118 3,029 2,971 2,941 3,115 3,003
295 339 463 926 1,159 1,196 753 787 1,089 1,061 1,029 943 957
CWIP 20 23 154 137 38 26 18 15 25 15 10 53 3
Investments 0 0 28 0 0 0 63 68 0 0 0 0 0
313 386 504 801 1,002 1,073 1,155 1,248 1,916 1,895 1,903 2,119 2,043
Total Assets 629 748 1,148 1,864 2,200 2,295 1,990 2,118 3,029 2,971 2,941 3,115 3,003

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2019 Mar 2020 Mar 2021 Mar 2022
33 67 9 -68 64 254 208 181 120 276 540 285
-55 -71 -271 -289 -194 -108 -51 -84 -105 -48 -66 -54
23 16 257 380 122 -155 -156 -105 -37 -229 -475 -231
Net Cash Flow -0 12 -5 22 -7 -8 1 -8 -22 -1 -1 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 42 36 37 48 42 47 65 63 51 46 50 42
Inventory Days 72 63 78 94 87 68 79 84 66 80 74 59
Days Payable 7 5 20 13 19 13 36 40 27 26 41 35
Cash Conversion Cycle 108 93 94 129 109 101 108 107 90 101 83 65
Working Capital Days 94 79 78 88 83 76 94 94 77 85 74 58
ROCE % 10% 13% 11% 10% 12% 11% 11% 13% 16%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
62.90 62.90 62.92 62.96 62.96 62.96 62.96 62.96 62.96 62.96 62.96 62.96
1.16 0.59 0.37 0.68 1.29 1.59 2.68 2.63 1.04 0.71 1.18 0.86
2.31 2.31 2.15 2.71 1.61 1.64 1.43 1.47 1.24 1.24 0.04 0.24
33.62 34.20 33.31 32.19 32.67 32.08 30.66 30.92 32.76 33.10 33.93 34.33
0.00 0.00 1.26 1.47 1.47 1.73 2.27 2.01 1.99 1.99 1.89 1.61

* 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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