MarketFriction

Sunflag Iron & Steel Company Ltd

NSE SUNFLAG · BSE 500404 · Iron & Steel Products
₹433.50 -4.94%
NSE close2026-10-01
52 week range192.15 - 471.00
Market cap₹8,368 Cr.
P/E39.4
Microcap 250 ASM short-term Price band 5% Delivery 62.5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales8588549198958668928831,0239739421,0011,079
Expenses759757820815767782783903872810877960
Operating Profit9997998098110100120101132124119
OPM %12%11%11%9%11%12%11%12%10%14%12%11%
Other Income1123833102-6313
Interest232624212522222117171814
Depreciation262626262626262727312830
Profit before tax514751355566558259788188
Tax %25%23%17%21%26%24%22%24%23%23%58%25%
Net Profit393643284150436346603466
EPS in Rs2.152.002.381.552.262.782.403.472.533.331.903.66
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,5241,4562,0182,1861,7581,8922,6983,4883,4153,5363,9393,995
Expenses1,3461,3111,7821,9491,5881,6382,3003,0433,0403,1463,4623,519
Operating Profit178145237237170254398446375389477476
OPM %12%10%12%11%10%13%15%13%11%11%12%12%
Other Income981711111151,201817912
Interest653535394129428197907266
Depreciation3633343846707681103104113116
Profit before tax8685184172941662851,485183212301307
Tax %35%23%30%36%2%15%24%25%22%23%33%
Net Profit5665129110921412171,115144162202206
EPS in Rs3.123.627.146.125.117.8012.0461.897.968.9911.2311.42
Dividend Payout %0%0%7%8%0%0%0%0%0%8%9%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth10%16%4%9%
Compounded Profit Growth14%8%-2%8%
Stock Price CAGR30%41%33%77%
Return on Equity5%4%3%2%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital185180180180180180180180180180180180
Reserves4034635296577601,2051,3531,5693,1624,9848,5868,692
Borrowings421250330341352387268587609727624524
Other Liabilities3333553423894776375887559911,1321,7971,896
Total Liabilities1,3421,2481,3811,5661,7692,4092,3893,0914,9427,02211,18711,292
Fixed Assets5725435135155371,1471,1901,2521,5911,5251,4851,577
CWIP292669130202233173373193281297214
Investments4799121116171,7263,6427,7797,692
Other Assets7366717919131,0191,0191,0111,4491,4321,5741,6261,809
Total Assets1,3421,2481,3811,5661,7692,4092,3893,0914,9427,02211,18711,292
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity78236-1811717720922343278244192390
Cash from Investing Activity-4-13-33-97-141-125-60-335-219-83-91-122
Cash from Financing Activity-71-21360-41-39-79-151289-6321-194-188
Net Cash Flow31010-20-3512-3-4182-9381
Free Cash Flow74225-48214667170-296109119104262
CFO/OP52%143%2%73%99%137%107%29%141%85%63%98%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days425362554846413733373731
Inventory Days140129166130147190164186142137154144
Days Payable70645957711068010293877980
Cash Conversion Cycle112118169128124130124122838811295
Working Capital Days303844514661775440233430
ROCE %12%16%12%20%17%9%11%16%12%6%4%4%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters51.16%51.16%51.16%51.16%51.16%51.16%51.16%51.16%51.16%51.16%51.16%51.16%
FIIs0.96%0.93%0.80%0.86%0.89%0.60%0.48%0.60%0.64%0.47%0.54%0.86%
DIIs0.04%0.08%0.10%0.10%0.12%0.13%0.14%0.18%0.18%0.17%0.04%0.21%
Public47.84%47.83%47.95%47.87%47.82%48.10%48.21%48.06%48.01%48.22%48.27%47.78%
No. of Shareholders66,89767,61266,39265,35966,81165,54263,59663,23164,00356,63156,09855,328

Fundamentals

Market Cap₹ 8,368 Cr.
Current Price₹ 464
Stock P/E39.4
Book Value₹ 492
ROCE4.07 %
ROE2.37 %
Dividend Yield0.22 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)9%
Compounded Profit Growth (TTM)8%
Consolidated figures.
Valuation
Market capRs 7,813 Cr
Enterprise valueRs 8,107 Cr
P/E (TTM)37.96x
Price to book0.88x
Price to sales1.96x
EV / EBITDA16.59x
EV / EBIT21.76x
EV / sales2.03x
Price to cash flow20.03x
Earnings yield2.63%
Dividend yield0.23%
P/E, 3-year average22.26x
P/B, 3-year average0.51x
P/E, 5-year average14.88x
P/B, 5-year average0.59x
Profitability
Operating margin (excl. other income)12.12%
Operating margin (incl. other income)12.34%
EBITDA margin12.23%
Pre-tax margin7.68%
Net profit margin5.15%
Net margin, latest quarter6.12%
ROE2.29%
ROCE3.97%
ROA1.80%
ROE, 3-year average2.67%
ROCE, 3-year average4.54%
ROA, 3-year average1.99%
ROE, 5-year average13.01%
ROCE, 5-year average15.85%
ROA, 5-year average8.33%
ROIC (approx.)2.73%
Tax rate32.73%
Other income / net worth0.10%
Growth
Sales growth (latest year)11.42%
Profit growth (latest year)24.86%
Sales CAGR, 3 years4.14%
Sales CAGR, 5 years15.80%
Profit CAGR, 3 years-43.39%
Profit CAGR, 5 years7.55%
Sales growth QoQ7.82%
Profit growth QoQ92.73%
Sales growth YoY (latest quarter)5.45%
Profit growth YoY (latest quarter)5.49%
Per share
EPS (TTM)Rs 11.42
EPS (latest year)Rs 11.23
EPS (latest quarter)Rs 3.67
EPS, 3-year averageRs 9.39
EPS, 5-year averageRs 20.42
Book value per shareRs 492.32
Sales per shareRs 221.68
Cash flow per shareRs 21.65
Free cash flow per shareRs 14.54
Dividend per share (latest year)Rs 1.00
Dividend per share, 3-year averageRs 0.88
Dividend per share, 5-year averageRs 0.88
Dividends
Dividend payout8.91%
Dividend payout, 3-year average8.62%
Dividend payout, 5-year average8.62%
Efficiency
Asset turnover0.35x
Fixed asset turnover2.50x
Inventory turnover3.19x
Inventory days115 days
Debtor days31 days
Debtors turnover11.61x
Creditor days80 days
Cash conversion cycle95 days
Working capital days30 days
Leverage
Total debtRs 524 Cr
Cash and bankRs 230 Cr
Net debtRs 294 Cr
Debt to equity0.06x
Net debt / EBITDA0.60x
Interest coverage5.67x
Current ratio (filing 2026-03-31)1.47x
Quick ratio (filing 2026-03-31)0.64x
Trade payables (filing 2026-03-31)Rs 547 Cr
Owners' fund to total sources78.57%
Debt to assets4.64%
Cash flow
Cash from Operating Activity (latest year)Rs 390 Cr
Cash from Investing Activity (latest year)Rs -122 Cr
Cash from Financing Activity (latest year)Rs -188 Cr
Net Cash Flow (latest year)Rs 81 Cr
Free cash flow (latest year)Rs 262 Cr
FCFE (approx.: FCF + change in debt)Rs 162 Cr
Cash from ops / profit, 5 years0.62x
Sales to cash flow10.10x
Statement figures
Net sales (TTM)Rs 3,995 Cr
Net sales (latest year)Rs 3,939 Cr
Sales (latest quarter)Rs 1,079 Cr
Operating profit excl. other income (latest year)Rs 477 Cr
Operating profit (latest quarter)Rs 119 Cr
Other income (TTM)Rs 12 Cr
EBITDA (TTM)Rs 489 Cr
PBDT (TTM)Rs 423 Cr
Profit before tax (TTM)Rs 307 Cr
Tax (latest year)Rs 98 Cr
Net profit (TTM)Rs 206 Cr
Net profit (latest year)Rs 202 Cr
Net profit (latest quarter)Rs 66 Cr
Depreciation (TTM)Rs 116 Cr
Depreciation (latest quarter)Rs 30 Cr
Interest (TTM)Rs 66 Cr
Cost of goods sold (latest year)Rs 3,109 Cr
Total expenditure (latest year)Rs 3,462 Cr
Total income (latest year)Rs 3,948 Cr
Share capitalRs 180 Cr
ReservesRs 8,692 Cr
Shareholders' fundsRs 8,873 Cr
Total assetsRs 11,292 Cr
Net blockRs 1,577 Cr
Capital work in progressRs 214 Cr
InvestmentsRs 7,692 Cr
ReceivablesRs 339 Cr
InventoryRs 976 Cr
Other liabilitiesRs 1,896 Cr
Shares outstanding (crore)18.02
Ownership
Promoter holding51.16% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 38.0 is at the 98th percentile of its own 9.4-year range (median 10.6, low 2.6, high 39.9).
P/B 0.88 is at the 49th percentile (median 0.88).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodSUNFLAGNifty 50Difference
1 week+9.2%-2.8% +12.0 pts
1 month+27.6%-6.8% +34.4 pts
3 months+22.7%-7.6% +30.3 pts
6 months+123.3%+0.4% +122.9 pts
1 year+60.7%-9.9% +70.7 pts
2 years+99.5%-13.6% +113.1 pts
3 years+117.5%+14.2% +103.3 pts
5 years+428.7%+27.9% +400.8 pts
1 mutual fund schemes hold about ₹0 Cr. Over three months 0 bought more and 1 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Motilal Oswal BSE 1000 Index Fund0.01%0 -18%

Red flags

F-score 8 of 8
lookOn NSE surveillance On NSE surveillance: ASM short-term
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹1,079 Cr +5.5% vs Jun 2025. Net profit ₹66 Cr +4.8%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-11Dividend - Re 1 Per Share
2025-09-12Dividend - Re 0.75 Per Share
2024-09-13Annual General Meeting
2023-09-08Annual General Meeting
2022-09-15Annual General Meeting
2021-09-02 Annual General Meeting
2020-09-10 Annual General Meeting
2019-09-05 Annual General Meeting/Dividend - Rs 0.50 Per Share
2018-09-06 Annual General Meeting/Dividend Re 0.5 Per Share
2017-09-14 Annual General Meeting
2016-09-15 Annual General Meeting
2015-09-16 Annual General Meeting
2014-09-04Annual General Meeting
2013-09-05Annual General Meeting
2012-08-30Annual General Meeting
2011-08-30Annual General Meeting And Dividend Re.0.50 Per Share
2010-09-02Annual General Meeting And Dividend Re.0.50 Per Share
2009-09-03Agm/Div-Re.0.50 Per Share
2008-09-04Agm/Dividend - 5% Bc End Date Revised
2007-09-06Agm/Dividend-2.50%
2006-09-14Agm/Dividend-5%
DateTypeWhat it says
2026-09-30Price movementSignificant movement in price has been observed in Sunflag Iron And Steel Company Limited. The Exchange, in order to ensure that investors have latest...
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Trade dateShares sold short
2026-09-2910
2026-09-282,669
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2020-10-23NCLTM/s. Sunflag Iron & Steel CO. Ltd. Vs M/s. Rajat Wires Pvt. Ltd.
2017-09-22NCLATMass Metals Pvt. Ltd. VS Sunflag Iron & Steel Co. Ltd.
2017-07-25NCLATMass Metals Pvt. Ltd. VS Sunflag Iron & Steel Co. Ltd.
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Short Term Additional Surveillance Measure (Short Term ASM): stage 1
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03