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Suraj Products Overview

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 h...Read More

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Suraj Products Key Financials

Market Cap ₹256 Cr.

Stock P/E 11.9

P/B 1.7

Current Price ₹224.5

Book Value ₹ 135.9

Face Value 10

52W High ₹515

Dividend Yield 0.94%

52W Low ₹ 216.1

Suraj Products Share Price

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Volume
Price

Suraj Products Quarterly Price

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Suraj Products Peer Comparison

Suraj Products Quarterly Results

#(Fig in Cr.) Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
Net Sales 103 111 68 74 92 93 76 67 91 81
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 103 111 68 74 92 93 76 67 91 81
Total Expenditure 88 97 55 60 81 82 65 60 82 73
Operating Profit 14 15 12 13 11 11 11 7 9 7
Interest 1 1 1 1 1 1 1 1 0 0
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 11 11 9 10 8 8 8 5 6 5
Provision for Tax 3 3 2 3 2 2 1 1 2 1
Profit After Tax 8 8 7 7 6 7 6 4 4 5
Adjustments 0 0 0 -0 0 -0 0 -0 0 0
Profit After Adjustments 8 8 7 7 6 7 6 4 4 5
Adjusted Earnings Per Share 6.7 7.4 6.4 6.5 5.1 5.9 5.7 3.5 3.7 4

Suraj Products Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 93 56 60 70 116 118 218 237 285 345 326 315
Other Income 0 0 0 0 1 0 0 0 0 1 1 0
Total Income 93 56 60 70 117 118 218 237 285 345 327 315
Total Expenditure 84 51 55 58 102 101 187 193 237 294 289 280
Operating Profit 9 5 5 12 15 17 31 44 49 52 38 34
Interest 2 2 3 5 4 6 7 4 4 3 2 2
Depreciation 3 2 2 4 4 7 9 9 9 9 8 8
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 4 1 1 3 6 4 15 31 36 39 28 24
Provision for Tax 1 0 -0 -0 0 -2 5 7 10 10 6 5
Profit After Tax 3 0 1 4 6 5 9 24 26 29 21 19
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 3 0 1 4 6 5 9 24 26 29 21 19
Adjusted Earnings Per Share 2.2 0.4 0.8 3.1 5.5 4.7 8 20.7 22.8 25.4 18.8 16.9

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -6% 11% 23% 13%
Operating Profit CAGR -27% -5% 17% 15%
PAT CAGR -28% -4% 33% 21%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -55% 19% 59% 30%
ROE Average 15% 23% 24% 16%
ROCE Average 18% 24% 23% 15%

Suraj Products Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 29 30 30 34 40 46 55 78 103 130 150
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 2 7 28 31 41 55 38 32 21 12 4
Other Non-Current Liabilities 1 1 1 -0 0 -2 0 2 6 6 5
Total Current Liabilities 22 21 20 25 29 47 35 33 42 37 24
Total Liabilities 54 59 79 89 111 146 129 145 172 186 183
Fixed Assets 21 20 39 41 57 82 75 74 84 75 69
Other Non-Current Assets 0 1 1 8 16 3 4 7 12 12 15
Total Current Assets 33 38 38 40 38 60 49 64 76 98 99
Total Assets 54 59 79 89 111 146 129 145 172 186 183

Suraj Products Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 2 3 2 4 2 2 2 4 1 1 14
Cash Flow from Operating Activities 22 -4 7 8 20 -0 33 13 33 31 30
Cash Flow from Investing Activities -2 -1 -21 -12 -28 -16 -2 -7 -19 -1 -5
Cash Flow from Financing Activities -19 4 17 1 8 16 -28 -9 -13 -18 -24
Net Cash Inflow / Outflow 1 -1 2 -2 0 -0 2 -3 1 13 1
Closing Cash & Cash Equivalent 3 2 4 2 2 2 4 1 2 14 14

Suraj Products Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 2.22 0.38 0.84 3.14 5.52 4.74 8.04 20.68 22.81 25.38 18.8
CEPS(Rs) 4.54 2.26 2.43 6.31 9.04 10.65 16.32 28.21 30.66 33.23 25.67
DPS(Rs) 0.7 0 0 0 0 0 0 1.1 1.5 2 2.1
Book NAV/Share(Rs) 25.43 25.81 26.53 29.67 35.19 39.94 48.1 68.67 90.47 114.37 131.16
Core EBITDA Margin(%) 8.37 7.55 7.82 16.19 12.05 14.04 14.15 18.42 16.97 14.75 11.39
EBIT Margin(%) 5.98 4.47 5.39 11.32 9.29 8.55 9.91 14.92 13.94 12.38 9.16
Pre Tax Margin(%) 3.67 0.96 1.33 4.72 5.48 3.24 6.67 13.03 12.53 11.37 8.46
PAT Margin (%) 2.46 0.69 1.43 5.04 5.41 4.58 4.21 9.96 9.13 8.39 6.57
Cash Profit Margin (%) 5.04 4.12 4.13 10.13 8.86 10.29 8.54 13.58 12.26 10.99 8.97
ROA(%) 4.15 0.76 1.39 4.26 6.3 4.21 6.68 17.23 16.41 16.17 11.62
ROE(%) 8.95 1.47 3.21 11.17 17.03 12.62 18.27 35.43 28.67 24.78 15.32
ROCE(%) 11.36 5.53 5.58 10.06 11.44 8.57 17.2 27.35 26.97 26.14 17.57
Receivable days 18.08 25.53 19.36 16.23 8.81 13.7 11.41 10.63 11.77 10.58 12.33
Inventory Days 87.45 129.87 143.65 131.01 80.56 113.14 67.15 64.41 54.42 43.48 50.7
Payable days 13.34 23.76 16.9 13.22 11.19 39.01 21.75 7.32 5.24 5.56 6.2
PER(x) 9.1 41.68 15.85 6.05 3.59 1.96 4.36 5.47 5.35 15.98 22.08
Price/Book(x) 0.79 0.61 0.5 0.64 0.56 0.23 0.73 1.65 1.35 3.54 3.17
Dividend Yield(%) 3.47 0 0 0 0 0 0 0.97 1.23 0.49 0.51
EV/Net Sales(x) 0.41 0.74 0.94 1.01 0.73 0.8 0.46 0.8 0.67 1.41 1.46
EV/Core EBITDA(x) 4.33 8.29 10.33 6.07 5.7 5.63 3.24 4.29 3.91 9.45 12.63
Net Sales Growth(%) 5.9 -40.07 7.45 16.78 66.67 1.41 84.5 8.8 20.32 20.95 -5.31
EBIT Growth(%) 12.19 -54.47 29.03 123.04 34.23 -6.67 113.95 63.79 12.46 7.39 -29.98
PAT Growth(%) 120.45 -83.01 122.78 274.18 75.87 -14.16 69.63 157.21 10.3 11.23 -25.91
EPS Growth(%) 120.46 -83.01 122.79 274.18 75.87 -14.16 69.63 157.21 10.3 11.23 -25.91
Debt/Equity(x) 0.62 0.84 1.48 1.51 1.59 1.88 1.18 0.77 0.51 0.31 0.13
Current Ratio(x) 1.47 1.79 1.9 1.61 1.28 1.28 1.4 1.94 1.83 2.63 4.08
Quick Ratio(x) 0.69 0.52 0.63 0.58 0.4 0.28 0.47 0.4 1 1.35 2.31
Interest Cover(x) 2.59 1.27 1.33 1.71 2.44 1.61 3.05 7.89 9.88 12.28 13.22
Total Debt/Mcap(x) 0.78 1.39 2.96 2.36 2.82 8.08 1.62 0.47 0.38 0.09 0.04

Suraj Products Shareholding Pattern

# Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
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

Suraj Products News

Suraj Products Pros & Cons

Pros

  • Company has delivered good profit growth of 33% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 23%
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Debtor days have increased from 5.56 to 6.2days.
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