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Suraj Products

₹573 -1 | 0.2%

Market Cap ₹653 Cr.

Stock P/E 24.0

P/B 4.8

Current Price ₹573

Book Value ₹ 120.3

Face Value 10

52W High ₹951

Dividend Yield 0.35%

52W Low ₹ 233.6

Suraj Products Research see more...

Overview Inc. Year: 1991Industry: Steel/Sponge Iron/Pig Iron

Suraj Products Ltd is a reputable company operating in the manufacturing industry. With a strong focus on quality and customer satisfaction, the company has established itself as a leading provider of various products. Suraj Products Ltd specializes in the production of a wide range of goods, catering to diverse sectors such as consumer electronics, household appliances, and industrial equipment. The company prides itself on its state-of-the-art manufacturing facilities and cutting-edge technology, ensuring efficient production processes and high-quality output. Suraj Products Ltd maintains a dedicated team of skilled professionals who are committed to delivering excellence in every aspect of their work. Additionally, Suraj Products Ltd places great importance on sustainability and environmentally friendly practices. The company strives to minimize its ecological footprint by adopting eco-conscious manufacturing methods and sourcing materials responsibly. With a strong track record of delivering reliable products and a commitment to innovation, Suraj Products Ltd continues to be a trusted choice for customers seeking superior quality goods across various industries.

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Suraj Products Share Price

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Suraj Products Quarterly Results

#(Fig in Cr.) Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
Net Sales 60 75 61 47 103 111 68 74 92 93
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 60 75 61 47 103 111 68 74 92 93
Total Expenditure 50 65 49 35 88 97 55 60 81 82
Operating Profit 10 11 12 11 14 15 12 13 11 11
Interest 1 1 1 1 1 1 1 1 1 1
Depreciation 2 2 2 2 2 2 2 2 2 2
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 6 8 9 8 11 11 9 10 8 8
Provision for Tax 2 1 3 3 3 3 2 3 2 2
Profit After Tax 5 6 7 6 8 8 7 7 6 7
Adjustments -0 0 0 0 0 0 0 -0 0 -0
Profit After Adjustments 5 6 7 6 8 8 7 7 6 7
Adjusted Earnings Per Share 4.1 5.5 5.7 4.9 6.7 7.4 6.4 6.5 5.1 5.9

Suraj Products Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 75 88 93 56 60 70 116 118 218 237 285 327
Other Income 0 0 0 0 0 0 1 0 0 0 0 0
Total Income 75 88 93 56 60 70 117 118 218 237 285 327
Total Expenditure 66 80 84 51 55 58 102 101 187 193 237 278
Operating Profit 8 8 9 5 5 12 15 17 31 44 49 47
Interest 4 4 2 2 3 5 4 6 7 4 4 4
Depreciation 3 3 3 2 2 4 4 7 9 9 9 8
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 1 2 4 1 1 3 6 4 15 31 36 35
Provision for Tax 1 1 1 0 -0 -0 0 -2 5 7 10 9
Profit After Tax 1 1 3 0 1 4 6 5 9 24 26 27
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 1 1 3 0 1 4 6 5 9 24 26 27
Adjusted Earnings Per Share 1.3 1 2.2 0.4 0.8 3.1 5.5 4.7 8 20.7 22.8 23.9

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 20% 34% 32% 14%
Operating Profit CAGR 11% 42% 32% 20%
PAT CAGR 8% 73% 45% 39%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 107% 102% 111% 45%
ROE Average 29% 27% 22% 13%
ROCE Average 27% 24% 18% 13%

Suraj Products Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 16 28 29 30 30 34 40 46 55 78 103
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 26 15 2 7 28 31 41 55 38 32 21
Other Non-Current Liabilities 1 2 1 1 1 -0 0 -2 0 2 6
Total Current Liabilities 25 23 22 21 20 25 29 47 35 33 42
Total Liabilities 68 68 54 59 79 89 111 146 129 145 172
Fixed Assets 18 22 21 20 39 41 57 82 75 74 84
Other Non-Current Assets 1 1 0 1 1 8 16 3 4 7 12
Total Current Assets 49 44 33 38 38 40 38 60 49 64 76
Total Assets 68 68 54 59 79 89 111 146 129 145 172

Suraj Products Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 2 2 2 3 2 4 2 2 2 4 1
Cash Flow from Operating Activities -4 10 22 -4 7 8 20 -0 33 13 33
Cash Flow from Investing Activities -1 -6 -2 -1 -21 -12 -28 -16 -2 -7 -19
Cash Flow from Financing Activities 5 -4 -19 4 17 1 8 16 -28 -9 -13
Net Cash Inflow / Outflow 0 -1 1 -1 2 -2 0 -0 2 -3 1
Closing Cash & Cash Equivalent 2 2 3 2 4 2 2 2 4 1 2

Suraj Products Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 1.33 1.01 2.22 0.38 0.84 3.14 5.52 4.74 8.04 20.68 22.81
CEPS(Rs) 6.52 3.32 4.54 2.26 2.43 6.31 9.04 10.65 16.32 28.21 30.66
DPS(Rs) 0.5 0.6 0.7 0 0 0 0 0 0 1.1 1.5
Book NAV/Share(Rs) 27.08 24.11 25.43 25.81 26.53 29.67 35.19 39.94 48.1 68.67 90.47
Core EBITDA Margin(%) 9.95 7.89 8.37 7.55 7.82 16.19 12.05 14.04 14.15 18.42 16.97
EBIT Margin(%) 6.53 5.62 5.98 4.47 5.39 11.32 9.29 8.55 9.91 14.92 13.94
Pre Tax Margin(%) 1.55 1.76 3.67 0.96 1.33 4.72 5.48 3.24 6.67 13.03 12.53
PAT Margin (%) 0.95 1.18 2.46 0.69 1.43 5.04 5.41 4.58 4.21 9.96 9.13
Cash Profit Margin (%) 4.63 3.88 5.04 4.12 4.13 10.13 8.86 10.29 8.54 13.58 12.26
ROA(%) 1.22 1.69 4.15 0.76 1.39 4.26 6.3 4.21 6.68 17.23 16.41
ROE(%) 5 5.28 8.95 1.47 3.21 11.17 17.03 12.62 18.27 35.43 28.67
ROCE(%) 10.96 8.97 11.36 5.53 5.58 10.06 11.44 8.57 17.2 27.35 26.97
Receivable days 12.9 16.09 18.08 25.53 19.36 16.23 8.81 13.7 11.41 10.63 11.76
Inventory Days 126.86 125 87.45 129.87 143.65 131.01 80.56 113.14 67.15 64.41 54.42
Payable days 27.08 15.92 13.34 23.76 16.9 13.22 11.19 39.01 21.75 7.32 5.24
PER(x) 8.62 12.92 9.1 41.68 15.85 6.05 3.59 1.96 4.36 5.47 5.35
Price/Book(x) 0.42 0.54 0.79 0.61 0.5 0.64 0.56 0.23 0.73 1.65 1.35
Dividend Yield(%) 4.35 4.62 3.47 0 0 0 0 0 0 0.97 1.23
EV/Net Sales(x) 0.66 0.54 0.41 0.74 0.94 1.01 0.73 0.8 0.46 0.8 0.67
EV/Core EBITDA(x) 5.84 5.8 4.33 8.29 10.33 6.07 5.7 5.63 3.24 4.29 3.91
Net Sales Growth(%) -12.03 17.66 5.9 -40.07 7.45 16.78 66.67 1.41 84.5 8.8 20.32
EBIT Growth(%) 8.32 1.02 12.19 -54.47 29.03 123.04 34.23 -6.67 113.95 63.79 12.46
PAT Growth(%) -40.96 45.69 120.45 -83.01 122.78 274.18 75.87 -14.16 69.63 157.21 10.3
EPS Growth(%) -40.95 -24.6 120.46 -83.01 122.79 274.18 75.87 -14.16 69.63 157.21 10.3
Debt/Equity(x) 2.8 1.23 0.62 0.84 1.48 1.51 1.59 1.88 1.18 0.77 0.51
Current Ratio(x) 1.96 1.9 1.47 1.79 1.9 1.61 1.28 1.28 1.4 1.94 1.83
Quick Ratio(x) 0.57 0.54 0.69 0.52 0.63 0.58 0.4 0.28 0.47 0.4 1
Interest Cover(x) 1.31 1.46 2.59 1.27 1.33 1.71 2.44 1.61 3.05 7.89 9.88
Total Debt/Mcap(x) 6.6 2.28 0.78 1.39 2.96 2.36 2.82 8.08 1.62 0.47 0.38

Suraj Products Shareholding Pattern

# Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Promoter 73.7 73.7 73.7 73.7 73.7 73.7 73.7 73.7 73.7 73.7
FII 0 0 0 0 0 0 0 0 0 0
DII 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
Public 26.28 26.28 26.28 26.28 26.28 26.28 26.28 26.28 26.28 26.28
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has delivered good profit growth of 45% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 27%
  • Debtor days have improved from 7.32 to 5.24days.
  • Company has reduced debt.

Cons

  • Stock is trading at 4.8 times its book value.

* 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.

Suraj Products News

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