Suraj Ltd (SURAJLTD) share price, results

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

Standalone, Rs crore

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	84.92	93.09	76.17	54.74	56.64	63.61	58.75	50.34	50.19	61.88	43.43	39.03
Expenses	77.44	81.60	64.92	45.72	48.31	50.51	60.92	45.50	46.52	56.70	41.02	32.61
Operating Profit	7.48	11.49	11.25	9.02	8.33	13.10	-2.17	4.84	3.67	5.18	2.41	6.42
OPM %	8.81%	12.34%	14.77%	16.48%	14.71%	20.59%	-3.69%	9.61%	7.31%	8.37%	5.55%	16.45%
Other Income	0.98	0.73	1.37	0.49	1.56	0.52	1.66	1.37	1.23	0.64	2.83	0.89
Interest	0.85	0.78	1.38	0.73	0.80	1.18	2.02	1.21	0.83	1.13	1.20	1.14
Depreciation	2.24	2.40	2.58	2.70	2.55	2.77	2.88	2.83	2.88	2.74	-1.16	1.39
Profit before tax	5.37	9.04	8.66	6.08	6.54	9.67	-5.41	2.17	1.19	1.95	5.20	4.78
Tax %	29.24%	29.31%	30.83%	30.92%	30.73%	29.27%	-28.28%	29.03%	53.78%	30.26%	27.12%	32.43%
Net Profit	3.79	6.40	5.99	4.21	4.54	6.84	-3.88	1.55	0.55	1.36	3.80	3.24
EPS in Rs	2.06	3.49	3.26	2.29	2.47	3.72	-2.11	0.84	0.30	0.74	2.07	1.76

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	153	196	207	179	176	188	344	367	331	234	206	195
Expenses	136	180	190	162	159	175	331	332	291	205	190	177
Operating Profit	17	16	17	18	17	14	12	35	39	28	16	18
OPM %	11%	8%	8%	10%	10%	7%	3.6%	10%	12%	12%	8%	9%
Other Income	1	0	0	0	1	4	5	6	3	4	6	6
Interest	10	9	10	10	10	9	6	4	4	5	4	4
Depreciation	7	6	6	7	7	7	7	8	9	11	7	6
Profit before tax	1	1	1	1	2	2	5	29	30	17	11	13
Tax %	25%	38%	60%	-48%	38%	29%	35%	30%	31%	31%	31%
Net Profit	0	0	0	1	1	1	3	20	21	12	7	9
EPS in Rs	0.20	0.22	0.20	0.73	0.50	0.71	1.56	10.96	11.25	6.38	3.95	4.87
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	13%	24%	38%

	10 Years	5 Years	3 Years	TTM	1 Year	Last Year
Compounded Sales Growth	3%	2%	-18%	-15%
Compounded Profit Growth	33%	38%	-31%	-1%
Stock Price CAGR	17%	28%	7%		-39%
Return on Equity	7%	11%	10%			5%

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	19	19	19	19	19	19	19	19	18	18	18	18
Reserves	66	66	66	66	68	69	70	73	85	103	112	117
Borrowings	130	122	116	112	99	81	56	35	22	34	64	60
Other Liabilities	20	8	28	16	12	20	24	30	20	29	25	28
Total Liabilities	235	216	229	213	198	188	169	158	146	185	220	223
Fixed Assets	74	68	63	61	57	54	49	49	60	85	89	89
CWIP	0	0	3	0	0	0	0	0	0	0	0	0
Investments	0	0	0	0	0	0	0	0	0	13	13	13
Other Assets	160	147	164	152	141	134	119	109	86	87	118	122
Total Assets	235	216	229	213	198	188	169	158	146	185	220	223

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	1	10	16	14	26	30	33	33	45	41	-9	17
Cash from Investing Activity	-6	5	-2	-1	-2	-4	-2	-7	-19	-47	-14	-6
Cash from Financing Activity	2	-14	-13	-14	-23	-28	-34	-26	-26	6	23	-11
Net Cash Flow	-3	0	0	-1	1	-1	-3	0	-0	-0	-0	-0
Free Cash Flow	-1	8	16	13	24	27	30	26	26	7	-23	11
CFO/OP	17%	75%	101%	93%	153%	181%	243%	278%	151%	136%	-20%	106%

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	40	78	79	74	62	45	48	30	33	38	51	65
Inventory Days	212	343	242	220	234	273	194	80	38	39	133	178
Days Payable	15	6	42	20	16	36	40	27	7	22	31	48
Cash Conversion Cycle	237	415	279	274	281	282	203	82	64	55	153	195
Working Capital Days	4	33	32	41	55	65	78	45	33	11	31	52
ROCE %	8%	5%	5%	5%	6%	7%	7%	8%	26%	24%	12%	7%

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	75.00%	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%	0.02%	0.00%	0.00%	0.00%
Government	0.38%	0.38%	0.38%	0.38%	0.38%	0.38%	0.38%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	24.62%	24.62%	24.62%	24.63%	24.61%	24.61%	24.62%	24.99%	24.98%	24.99%	25.00%	24.99%
No. of Shareholders	2,494	2,733	3,278	3,141	3,192	2,991	2,880	2,838	2,795	2,812	2,783	2,786

Fundamentals

Market Cap₹ 353 Cr.

Current Price₹ 193

Stock P/E39.5

Book Value₹ 73.6

ROCE7.10 %

ROE4.92 %

Dividend Yield0.78 %

Face Value₹ 10.0

Compounded Sales Growth (TTM)-15%

Compounded Profit Growth (TTM)-1%

Standalone figures.

Valuation

Market capRs 355 Cr

Enterprise valueRs 416 Cr

P/E (TTM)39.71x

Price to book2.63x

Price to sales1.83x

EV / EBITDA17.86x

EV / EBIT23.85x

EV / sales2.14x

Price to cash flow20.58x

Earnings yield2.52%

Dividend yield0.77%

P/E, 3-year average44.50x

P/B, 3-year average3.85x

P/E, 5-year average36.15x

P/B, 5-year average2.85x

Profitability

Operating margin (excl. other income)7.83%

Operating margin (incl. other income)10.78%

EBITDA margin11.96%

Pre-tax margin6.74%

Net profit margin4.60%

Net margin, latest quarter8.30%

ROE5.47%

ROCE7.64%

ROA3.27%

ROE, 3-year average11.03%

ROCE, 3-year average14.63%

ROA, 3-year average7.19%

ROE, 5-year average11.39%

ROCE, 5-year average15.45%

ROA, 5-year average7.33%

ROIC (approx.)6.16%

Tax rate30.99%

Other income / net worth4.49%

Growth

Sales growth (latest year)-11.93%

Profit growth (latest year)-38.00%

Sales CAGR, 3 years-17.50%

Sales CAGR, 5 years1.79%

Profit CAGR, 3 years-28.81%

Profit CAGR, 5 years39.59%

Sales growth QoQ-10.13%

Profit growth QoQ-14.74%

Sales growth YoY (latest quarter)-22.47%

Profit growth YoY (latest quarter)109.03%

Per share

EPS (TTM)Rs 4.87

EPS (latest year)Rs 3.95

EPS (latest quarter)Rs 1.76

EPS, 3-year averageRs 7.19

EPS, 5-year averageRs 6.82

Book value per shareRs 73.56

Sales per shareRs 105.93

Cash flow per shareRs 9.40

Free cash flow per shareRs 5.99

Dividend per share (latest year)Rs 1.50

Dividend per share, 3-year averageRs 1.50

Dividend per share, 5-year averageRs 1.50

Dividends

Dividend payout37.88%

Dividend payout, 3-year average24.89%

Dividend payout, 5-year average24.89%

Efficiency

Asset turnover0.92x

Fixed asset turnover2.31x

Inventory turnover2.57x

Inventory days142 days

Debtor days65 days

Debtors turnover5.61x

Creditor days48 days

Cash conversion cycle195 days

Working capital days52 days

Leverage

Total debtRs 60 Cr

Cash and bankRs 0 Cr

Net debtRs 60 Cr

Debt to equity0.45x

Net debt / EBITDA2.58x

Interest coverage4.05x

Owners' fund to total sources60.48%

Debt to assets27.00%

Cash flow

Cash from Operating Activity (latest year)Rs 17 Cr

Cash from Investing Activity (latest year)Rs -6 Cr

Cash from Financing Activity (latest year)Rs -11 Cr

Net Cash Flow (latest year)Rs -0 Cr

Free cash flow (latest year)Rs 11 Cr

FCFE (approx.: FCF + change in debt)Rs 7 Cr

Cash from ops / profit, 5 years2.02x

Sales to cash flow11.92x

Statement figures

Net sales (TTM)Rs 195 Cr

Net sales (latest year)Rs 206 Cr

Sales (latest quarter)Rs 39 Cr

Operating profit excl. other income (latest year)Rs 16 Cr

Operating profit (latest quarter)Rs 6 Cr

Other income (TTM)Rs 6 Cr

EBITDA (TTM)Rs 23 Cr

PBDT (TTM)Rs 19 Cr

Profit before tax (TTM)Rs 13 Cr

Tax (latest year)Rs 3 Cr

Net profit (TTM)Rs 9 Cr

Net profit (latest year)Rs 7 Cr

Net profit (latest quarter)Rs 3 Cr

Depreciation (TTM)Rs 6 Cr

Depreciation (latest quarter)Rs 1 Cr

Interest (TTM)Rs 4 Cr

Cost of goods sold (latest year)Rs 162 Cr

Total expenditure (latest year)Rs 190 Cr

Total income (latest year)Rs 212 Cr

Share capitalRs 18 Cr

ReservesRs 117 Cr

Shareholders' fundsRs 135 Cr

Total assetsRs 223 Cr

Net blockRs 89 Cr

InvestmentsRs 13 Cr

ReceivablesRs 37 Cr

InventoryRs 63 Cr

Other liabilitiesRs 28 Cr

Shares outstanding (crore)1.84

Ownership

Promoter holding75.00% (+0.00 in a year)

Computed by MarketFriction from the standalone statements. Returns use average balances.

P/E 39.7 is at the 27th percentile of its own 9.1-year range (median 50.8, low 12.0, high 257.6).

P/B 2.63 is at the 64th percentile (median 1.35).

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.

Period	SURAJLTD	Nifty 50	Difference
1 week	-3.5%	-2.8%	-0.7 pts
1 month	-6.1%	-6.8%	+0.7 pts
3 months	-17.7%	-7.6%	-10.0 pts
6 months	-10.4%	+0.4%	-10.8 pts
1 year	-37.6%	-9.9%	-27.7 pts
2 years	-52.0%	-13.6%	-38.5 pts
3 years	+23.5%	+14.2%	+9.3 pts
5 years	+239.5%	+27.9%	+211.6 pts

Red flags

F-score 5 of 8

look	Inventory outrunning sales Inventory grew 20% vs sales -12% in 2026
look	Profit leans on other income Other income was 58% of pre-tax profit in 2026

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 ₹39 Cr -22.5% vs Jun 2025. Net profit ₹3 Cr +109.0%.

Against our estimate for Jun 2026: sales -9.4%, profit +185.0% in line. Our estimate for Sep 2026: sales Rs 38 Cr, profit Rs 2 Cr (how).

Activity

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No bulk or block deals on record.

Ex-date	Action	Factor
2026-01-23	Interim Dividend - Rs 1.50 Per Share
2025-02-10	Interim Dividend - Rs 1.50 Per Share

Date	Type	What it says
2026-09-09	Resignation	Resignation of Director/KMP/SMP
2026-09-09	Resignation	Resignation of Director/KMP/SMP
2026-09-09	Resignation	Resignation of Director/KMP/SMP
2026-09-09	General Updates	The Resignation of CS Rashmi Lakhani from the post of Company Secretary & Compliance Officer and a Key Managerial Personnel of the Company with effect...
2026-07-23	Board meeting outcome	Suraj Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-06-26	Shareholder meeting	Voting results.
2026-06-26	Shareholder meeting	Proceedings of Annual General Meeting held on Jun 26, 2026
2026-06-04	Shareholder meeting	Notice of 33rd Annual General Meeting to be held on Jun 26, 2026
2026-05-29	Updates	Launching a new business in the field of Copper/Aluminium Recycling.
2026-05-15	Board meeting outcome	Suraj Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-07	Board meeting outcome	Suraj Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-07	Board meeting outcome	Suraj Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-04-09	Disclosure under SEBI Takeov	Ashokkumar Tarachand Shah has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Sub...
2026-04-08	Disclosure under SEBI Takeov	Gunvantkumar Tarachand Shah has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (S...
2026-04-08	Capacity addition	Capacity addition
2026-04-08	Disclosure under SEBI Takeov	Kunal Tarachand Shah has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substant...
2026-02-11	Appointment	Appointment of M/S Trivedi Parikh & Shah as Internal Auditor of the company w.e.f. February 11, 2026.
2026-02-11	Board meeting outcome	Outcome of Board Meeting held on February 11, 2026.
2026-01-24	Cessation	Cessation of Mr Sandip S. Gandhi as internal Auditor due to death From the company w.e.f. January 22, 2026.
2026-01-16	Record Date	Record date for the purpose of Dividend is 23-Jan-2026.
2026-01-16	Dividend	Board of Directors at its meeting held on January 16, 2026, declared Interim Dividend of 1.5 per equity share.
2026-01-16	Dividend	Board of Directors at its meeting held on January 16, 2026, declared Interim Dividend of Rs. 1.5 per equity share.
2026-01-16	Board meeting outcome	Suraj Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
2025-11-10	Board meeting outcome	Suraj Limited has submitted to the Exchange, the financial results for the Quarter and half year ended September 30, 2025.

Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.

No short selling reported to NSE in our files.

Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.

Less than 100 unique PAN traded in previous 30 days

Quick answers

What is the market cap of Suraj Ltd?

Suraj Ltd (SURAJLTD) has a market capitalisation of Rs 353 Cr. at the 2026-10-01 close.

What is the P/E ratio of Suraj Ltd?

Suraj Ltd trades at a P/E of 39.5 on trailing twelve-month profit, at the 2026-10-01 close.

What were Suraj Ltd's latest quarterly results?

In the Jun 2026 quarter, Suraj Ltd sales was Rs 39 Cr (-22.5% vs Jun 2025) and net profit was Rs 3 Cr.

What is the 52-week high and low of Suraj Ltd?

The 52-week high is Rs 348.65 and the 52-week low is Rs 190.30.