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Surya Roshni Overview

Surya Roshni Ltd is a manufacturing organisation with enterprise activities in metal tubes and pipes, lighting fixtures, fans and home equipment, and polyvinyl chloride (PVC) pipes. The Company offers Pipes & Tubes, CR Strips and Lighting Products. It operates in 2 segments: Steel and Lighting. The Steel segment is engaged within the manufacturing and sale of metal tubes and pipes, and cold rolled strips. It gives electric resistance welded pipes, structural hollow sections, spiral welded pipes and galvanised iron pipes. The Lighting segment is...Read More

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Surya Roshni Key Financials

Market Cap ₹5167 Cr.

Stock P/E 14.9

P/B 2

Current Price ₹237.4

Book Value ₹ 118.9

Face Value 5

52W High ₹358.3

Dividend Yield 2.32%

52W Low ₹ 187

Surya Roshni Share Price

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Volume
Price

Surya Roshni Quarterly Price

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Surya Roshni Peer Comparison

Surya Roshni Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 1916 1938 2080 1893 1529 1868 2146 1605 1845 1927
Other Income 2 4 7 8 7 6 9 13 23 3
Total Income 1917 1942 2087 1901 1536 1874 2155 1617 1868 1930
Total Expenditure 1778 1783 1915 1742 1453 1718 1943 1535 1727 1783
Operating Profit 139 158 173 159 83 156 211 83 141 148
Interest 6 7 4 5 6 5 5 5 9 7
Depreciation 29 30 29 30 31 30 31 32 32 33
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 104 121 139 123 46 121 175 46 100 107
Provision for Tax 28 31 35 31 12 31 45 12 25 28
Profit After Tax 76 90 104 92 34 90 130 34 74 80
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 76 90 104 92 34 90 130 34 74 80
Adjusted Earnings Per Share 1.8 4.2 4.8 4.3 1.6 4.1 6 1.5 3.4 3.7

Surya Roshni Profit & Loss

#(Fig in Cr.) Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 3026 3544 2964 3145 5975 5471 5561 7731 7997 7809 7436 7523
Other Income 1 2 2 1 4 3 5 6 5 14 30 48
Total Income 3027 3546 2966 3146 5979 5474 5566 7737 8002 7823 7466 7570
Total Expenditure 2795 3234 2722 2916 5603 5117 5182 7288 7383 7237 6857 6988
Operating Profit 232 311 244 231 376 358 384 449 620 586 609 583
Interest 116 145 96 88 115 114 70 64 45 24 21 26
Depreciation 60 85 61 56 89 103 103 108 115 117 123 128
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 56 82 87 87 172 140 211 277 459 445 465 428
Provision for Tax 4 5 24 21 52 37 53 72 124 116 119 110
Profit After Tax 53 77 63 66 121 103 158 205 336 329 347 318
Adjustments -0 -4 4 5 0 0 0 0 0 0 0 0
Profit After Adjustments 52 73 67 72 121 103 158 205 336 329 347 318
Adjusted Earnings Per Share 3 4.2 3.8 4.1 5.6 4.7 7.4 9.6 15.6 15.2 15.9 14.6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -5% -1% 6% 9%
Operating Profit CAGR 4% 11% 11% 10%
PAT CAGR 5% 19% 27% 21%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -8% 9% 22% 20%
ROE Average 15% 17% 16% 13%
ROCE Average 21% 22% 19% 15%

Surya Roshni Balance Sheet

#(Fig in Cr.) Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 728 737 704 767 1152 1239 1367 1548 1864 2166 2465
Minority's Interest 44 100 0 0 0 0 0 0 0 0 0
Borrowings 586 572 333 306 335 270 172 61 0 0 0
Other Non-Current Liabilities 71 69 84 93 141 130 149 139 106 103 96
Total Current Liabilities 771 818 869 952 1401 1332 1253 1367 1088 652 673
Total Liabilities 2200 2295 1990 2118 3029 2971 2941 3115 3057 2922 3234
Fixed Assets 1159 1196 753 787 1089 1061 1029 943 912 835 841
Other Non-Current Assets 39 27 89 92 78 68 74 104 57 91 139
Total Current Assets 1001 1073 1147 1239 1862 1841 1838 2068 2087 1996 2255
Total Assets 2200 2295 1990 2118 3029 2971 2941 3115 3057 2922 3234

Surya Roshni Cash Flow

#(Fig in Cr.) Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 34 27 26 27 24 2 1 0 0 1 35
Cash Flow from Operating Activities 64 254 208 181 120 276 540 285 280 546 395
Cash Flow from Investing Activities -194 -108 -51 -84 -105 -48 -66 -54 -33 -51 -329
Cash Flow from Financing Activities 122 -155 -156 -105 -37 -229 -475 -231 -246 -461 -80
Net Cash Inflow / Outflow -7 -8 1 -8 -22 -1 -1 0 1 34 -15
Closing Cash & Cash Equivalent 27 19 27 19 2 1 0 0 1 35 20

Surya Roshni Ratios

# Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 2.98 4.19 3.84 4.09 5.55 4.71 7.38 9.61 15.59 15.17 15.93
CEPS(Rs) 6.41 9.22 7.08 6.97 9.62 9.47 12.17 14.69 20.95 20.58 21.57
DPS(Rs) 0 1 0.25 0.38 0.5 0.5 0.75 1 1.75 2.5 5.5
Book NAV/Share(Rs) 27.55 31.44 40.16 43.76 52.93 56.94 63.7 72.21 85.89 98.87 112.26
Core EBITDA Margin(%) 7.24 8.2 7.58 6.73 6.23 6.47 6.82 5.73 7.68 7.33 7.79
EBIT Margin(%) 5.39 6 5.73 5.12 4.81 4.64 5.06 4.4 6.3 6.01 6.54
Pre Tax Margin(%) 1.77 2.17 2.72 2.55 2.89 2.56 3.8 3.58 5.74 5.7 6.26
PAT Margin (%) 1.65 2.04 1.97 1.94 2.02 1.87 2.85 2.65 4.2 4.22 4.66
Cash Profit Margin (%) 3.53 4.28 3.88 3.58 3.5 3.77 4.69 4.05 5.64 5.72 6.31
ROA(%) 2.59 3.43 2.95 3.22 4.69 3.42 5.36 6.77 10.87 11.01 11.26
ROE(%) 11.51 14.91 10.05 9 12.59 8.58 12.15 14.1 19.8 16.48 15.11
ROCE(%) 10.86 13.04 10.95 10.74 14.39 10.87 12.75 16.16 22.94 21.14 20.96
Receivable days 36.79 38.34 55.72 57.1 42.07 51.08 47.66 38.82 37.32 34.24 39.63
Inventory Days 56.36 50.68 55.14 54.05 42.35 58.81 58.62 43.82 48.84 52.33 48.8
Payable days 14.38 14.97 26.78 37.42 23.73 28.05 32.88 31.87 29.56 23.45 23.91
PER(x) 4.59 4.08 9.36 13 11.33 3.34 11.76 10.77 10.55 16.82 15.31
Price/Book(x) 0.5 0.54 0.89 1.21 1.19 0.28 1.36 1.43 1.91 2.58 2.17
Dividend Yield(%) 0 5.85 0.7 0.71 0.79 3.18 0.86 0.97 1.06 0.98 2.25
EV/Net Sales(x) 0.46 0.42 0.51 0.57 0.43 0.26 0.46 0.36 0.49 0.7 0.67
EV/Core EBITDA(x) 6.04 4.74 6.13 7.8 6.8 4 6.71 6.21 6.36 9.37 8.23
Net Sales Growth(%) 31.21 17.13 -16.36 6.12 89.96 -8.43 1.65 39.01 3.44 -2.34 -4.78
EBIT Growth(%) 24.07 31.95 -19.18 -4.67 64.63 -11.64 10.73 20.96 48.13 -6.96 3.65
PAT Growth(%) -22.05 46.58 -18.14 4.94 82.44 -15.11 54.37 29.44 63.73 -1.9 5.3
EPS Growth(%) -22.47 40.43 -8.44 6.5 35.86 -15.11 56.68 30.12 62.27 -2.67 5.01
Debt/Equity(x) 2.46 2.17 1.27 1.15 1.03 0.88 0.52 0.38 0.22 0 0
Current Ratio(x) 1.3 1.31 1.32 1.3 1.33 1.38 1.47 1.51 1.92 3.06 3.35
Quick Ratio(x) 0.58 0.71 0.78 0.73 0.73 0.69 0.77 0.79 0.86 1.39 2.01
Interest Cover(x) 1.49 1.57 1.9 1.99 2.5 2.23 4.03 5.35 11.24 19.5 23.44
Total Debt/Mcap(x) 4.94 3.99 1.42 0.95 0.87 3.18 0.38 0.26 0.11 0 0

Surya Roshni Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 62.96 62.96 62.96 62.96 62.47 62.47 62.47 62.47 62.89 63
FII 5.26 5.02 4.49 4.87 4.53 4.12 4.67 4.95 4.75 4.68
DII 0.52 0.56 1 1.02 1.38 1.55 1.69 1.67 2.03 2.1
Public 31.26 31.46 31.55 31.14 31.62 31.86 31.17 30.92 30.33 30.22
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Surya Roshni News

Surya Roshni Pros & Cons

Pros

  • Company has delivered good profit growth of 27% CAGR over last 5 years
  • Company is almost debt free.

Cons

  • Debtor days have increased from 23.45 to 23.91days.
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