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Suraj Ltd

ā‚¹ 233-3.36%
14 Jan ā€“ close price
šŸ”—surajgroup.comā€¢BSE: 531638ā€¢NSE: SURAJLTD
Market Capā‚¹ 428 Cr.
Current Priceā‚¹ 233
High / Lowā‚¹ 494
Stock P/E84.5
Book Valueā‚¹ 72.2
Dividend Yield0.64 %
ROCE11.9 %
ROE8.89 %
Face Valueā‚¹ 10.0
Salesā‚¹ 223 Cr.
OPM8.72 %
Mar Capā‚¹ 428 Cr.

ABOUT

Incorporated in 1994, Suraj Ltd manufactures tube and tube fittings of basic iron and steel[1]

KEY POINTS

Business Overview:[1]SL is a part of Suraj Group. It manufacturesand sells stainless Steel Seamless Pipes, Tubes & ā€˜Uā€™ 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

Also present in buckets:
Aggressive Growth TriggersRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.APL Apollo Tubes1934.7051.2253714.240.30301.54460.385206.309.0622.3621317.407.401048.79301.5411.6610.020.16
2.Shyam Metalics836.7524.0723356.360.54260.4521.474457.0222.6512.0516767.7312.46970.37261.762.125.920.10
3.Welspun Corp738.6510.9819484.900.68443.5148.674373.6132.4621.2415463.5813.001773.93439.682.388.930.19
4.Godawari Power265.1523.9417796.020.38161.651.781307.683.1623.255396.6120.82743.44161.443.3913.860.04
5.Ratnamani Metals2171.8025.1015222.580.64156.0435.691191.6922.6921.515374.7616.84606.49136.223.9312.110.06
6.Gallantt Ispat L557.0027.2813439.350.2288.9381.901012.757.4519.204331.0017.56492.7088.934.3311.960.21
7.Usha Martin434.2531.3613233.410.69109.8016.20907.561.8418.753551.3716.89421.99127.504.4611.500.09
8.Suraj232.9184.53427.720.640.55-87.8950.19-11.3911.93222.898.725.060.553.225.540.33
ā€“Median: 82 Co.156.8822.36891.610.010.4612.73201.638.9613.98739.18.6833.8310.522.276.80.26

Quarterly Results

Standalone figures in ā‚¹ crores

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales
107.7893.3782.3576.4984.9293.0976.1754.7456.6463.6158.7550.3450.19
Expenses
103.5987.4062.8467.2477.4481.6064.9245.7248.3150.5160.9245.5046.52
Operating Profit
4.195.9719.519.257.4811.4911.259.028.3313.10-2.174.843.67
Other Income
1.081.951.900.370.980.731.370.491.560.521.661.371.23
Profit before tax
2.595.1218.016.805.379.048.666.086.549.67-5.412.171.19
Tax %
28.19%31.05%29.65%29.26%29.24%29.31%30.83%30.92%30.73%29.27%-28.28%29.03%53.78%
Net Profit
1.853.5412.674.813.796.405.994.214.546.84-3.881.550.55
EPS in Rs
0.961.936.902.622.063.493.262.292.473.72-2.110.840.30

Profit & Loss

Standalone Figures in ā‚¹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
238248153196207179176188344367331234223
Expenses
211224136180190162159175331332291205203
Operating Profit
27241716171817141235392819
Other Income
1310001456345
Interest
1110109101010964455
Depreciation
1177667777891111
Profit before tax
6911112252930178
Net Profit
4700011132021125
EPS in Rs
1.913.580.200.220.200.730.500.711.5610.9611.256.382.75
Dividend Payout %
79%42%0%0%0%0%0%0%0%0%13%24%ā€“

Compounded Sales Growth

10 Years:-1%
5 Years:6%
3 Years:-12%
TTM:-21%

Compounded Profit Growth

10 Years:7%
5 Years:63%
3 Years:55%
TTM:-76%

Stock Price CAGR

10 Years:15%
5 Years:53%
3 Years:55%
1 Year:-52%

Return on Equity

10 Years:6%
5 Years:11%
3 Years:15%
Last Year:9%

Balance Sheet

Standalone figures in ā‚¹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
19191919191919191918181818
Reserves
63666666666869707385103112114
Borrowings
1211301221161129981563522346444
Other Liabilities
2220828161220243020292526
Total Liabilities
225235216229213198188169158146185220202
Fixed Assets
78746863615754494960858986
Gross Block
148.84150.72151.96152.50156.99159.45163.27165.10171.90190.09223.99237.77ā€“
Accumulated Depreciation
71.3176.6983.6789.8596.25102.83109.37115.94123.15130.54139.08148.58ā€“
CWIP
0003000000000
Investments
0000000000131313
Other Assets
1471601471641521411341191098687118103
Total Assets
225235216229213198188169158146185220202

Cash Flows

Standalone Figures in ā‚¹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
301101614263033334541-9
Cash from Investing Activity
-4-65-2-1-2-4-2-7-19-47-14
Cash from Financing Activity
-242-14-13-14-23-28-34-26-26623
Net Cash Flow
2-300-11-1-30-0-0-0

Ratios

Standalone Figures in ā‚¹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
314078797462454830333851
Inventory Days
225212343242220234273194803839133
Days Payable
1315642201636402772231
Cash Conversion Cycle
244237415279274281282203826455153
Working Capital Days
5433324155657845331131
ROCE %
8%8%5%5%5%6%7%7%8%26%24%12%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
75.32%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%
FIIs
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.02%
DIIs
ā€“ā€“ā€“ā€“ā€“ā€“ā€“ā€“ā€“ā€“ā€“ā€“
Public
24.30%24.62%24.62%24.62%24.62%24.62%24.63%24.61%24.61%24.62%24.99%24.98%

* The classifications might have changed from Sep'2022 onwards.ā„¹ļø

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Suraj Limited plans ā‚¹15 Crore capacity expansion to 7000 MT per annum

8th April 2026, 11:38 pm

Suraj Limited Confirms SEBI Dematerialization Compliance for Q4 FY26

7th April 2026, 6:29 pm

Suraj Limited to Close Trading Window from April 1 for Financial Results

24th March 2026, 6:10 pm

SURAJ LIMITED: Appoints Trivedi Parikh & Shah as Internal Auditor for FY26; Board Meeting Concludes

11th February 2026, 8:17 pm

SURAJ LIMITED Appoints New Internal Auditor M/s. Trivedi Parikh & Shah for FY 2025-26

11th February 2026, 8:12 pm

Published by Other Websites

External media mentions & references

NHPC, NTPC Score Big Projects; Pharma Giants Lupin, Zydus Gain US FDA Nod

9th April 2026, 7:18 am

Mixed Earnings Shake Indian Markets; IndiGo, Bandhan Bank Fall

23rd January 2026, 7:30 am

Indian Firms Declare Dividends, Stock Splits Ahead of Jan 2026 Dates

18th January 2026, 5:46 pm

Dividend Watch: Bank of Maharashtra, Angel One, ICICI Pru AMC Lead Week's Payouts

18th January 2026, 7:49 am

Suraj Ltd. Trading Window Shuts April 1 for FY26 Audited Results

News Articles

Editorial & research coverage

Dividend Watch: Bank of Maharashtra, Angel One, ICICI Pru AMC Lead Week's Payouts
Dividend Watch: Bank of Maharashtra, Angel One, ICICI Pru AMC Lead Week's Payouts

18th January 2026, 7:49 am

Documents

Announcements

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Board Meeting Intimation for To Consider And Approve The Financial Results For The Period Ended December 31, 2025 And Declaration Of Interim Dividend, If Any, For The Financial Year 2025-26

7 Jan - Board meeting Jan 16, 2026 to approve unaudited quarterly and nine-months Dec 31, 2025 results; possible interim dividend.

Closure of Trading Window
Announcement under Regulation 30 (LODR)-Newspaper Publication

12 Nov 2025 - Suraj Limited has informed the Stock Exchange about copy of News paper Publications.

Board Meeting Outcome for Standalone And Consolidated Quarterly Result For Quarter And Half Year Ended On 30Th September, 2025

10 Nov 2025 - Approved unaudited standalone and consolidated results for quarter/H1 ended Sep 30, 2025; consolidated H1 PAT Rs.357.48 lakh.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Financial Year 2020

(from bse)

Financial Year 2019

(from bse)

Financial Year 2018

(from bse)

Financial Year 2017

(from bse)

Financial Year 2016

(from bse)

Financial Year 2015

(from bse)

Financial Year 2014

(from bse)

Financial Year 2013

(from bse)

Financial Year 2012

(from bse)

Financial Year 2011

(from bse)

Credit Ratings

Rating update

26 Jun 2023 from crisil

Rating update

26 May 2023 from crisil

Rating update

26 Sep 2022 from crisil

Rating update

31 May 2022 from crisil

Rating update

28 May 2021 from brickwork

Rating update

26 Mar 2021 from crisil

Concalls

No concalls.

Stock Analysis

Corporate Announcements

8th Apr 26
Impact Rating: 8
Suraj Limited is enhancing its manufacturing capacity to a total of 7000 MT per annum for up to 170 MM OD pipes. This expansion, requiring a ā‚¹15 Crore investment, is expected to be completed by September 2026.
7th Apr 26
Impact Rating: 5
Suraj Limited received confirmation from its registrar, MCS Share Transfer Agent, regarding compliance with SEBI (Depositories and Participants) Regulations, 2018, for the quarter ending March 31, 2026.
24th Mar 26
Impact Rating: 6
Suraj Limited's trading window will be shut from April 1, 2026, until 48 hours post-announcement of audited financial results for the fiscal year ending March 31, 2026.
11th Feb 26
Impact Rating: 1
SURAJ LIMITED's Board approved the appointment of M/s. Trivedi Parikh & Shah, Chartered Accountants, as Internal Auditor for FY26.
11th Feb 26
Impact Rating: 1
SURAJ LIMITED has appointed M/s. Trivedi Parikh & Shah, Chartered Accountants, as its Internal Auditor for the fiscal year 2025-26, filling a casual vacancy.