Price
Financials
Standalone, Rs crore| Mar 2025 | Mar 2026 | |
|---|---|---|
| Sales | 114.21 | 41.34 |
| Expenses | 113.66 | 42.20 |
| Operating Profit | 0.55 | -0.86 |
| OPM % | 0.48% | -2.08% |
| Other Income | -1.22 | 1.64 |
| Interest | 0.02 | -0.04 |
| Depreciation | 0.46 | 0.44 |
| Profit before tax | -1.15 | 0.38 |
| Tax % | -39.13% | 118.42% |
| Net Profit | -0.69 | -0.07 |
| EPS in Rs | -0.44 | -0.05 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 58.11 | 68.35 | 76.53 | 100.78 | 92.99 | 97.89 | 106.58 | 136.75 | 123.60 | 155.14 | 225.00 | 92.28 |
| Expenses | 56.19 | 65.09 | 73.03 | 96.65 | 91.89 | 99.41 | 99.38 | 131.99 | 123.25 | 154.74 | 223.62 | 93.88 |
| Operating Profit | 1.92 | 3.26 | 3.50 | 4.13 | 1.10 | -1.52 | 7.20 | 4.76 | 0.35 | 0.40 | 1.38 | -1.60 |
| OPM % | 3.30% | 4.77% | 4.57% | 4.10% | 1.18% | -1.55% | 6.76% | 3.48% | 0.28% | 0.26% | 0.61% | -1.73% |
| Other Income | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.10 | 0.08 | 0.06 | 0.21 | 0.79 | -0.40 | 5.53 |
| Interest | 1.34 | 1.32 | 1.36 | 1.02 | 0.86 | 2.01 | 1.97 | 1.66 | 1.12 | 0.11 | 0.02 | 0.00 |
| Depreciation | 0.34 | 0.51 | 0.40 | 0.39 | 0.37 | 1.26 | 1.27 | 1.26 | 0.94 | 0.48 | 0.80 | 0.89 |
| Profit before tax | 0.27 | 1.46 | 1.77 | 2.74 | -0.11 | -4.69 | 4.04 | 1.90 | -1.50 | 0.60 | 0.16 | 3.04 |
| Tax % | 37.04% | 2.74% | 42.94% | 35.77% | 18.18% | 5.76% | 3.47% | 2.11% | 20.00% | 18.33% | -200.00% | 32.89% |
| Net Profit | 0.16 | 1.43 | 1.00 | 1.76 | -0.14 | -4.96 | 3.89 | 1.85 | -1.79 | 0.50 | 0.49 | 2.05 |
| EPS in Rs | 0.64 | 5.72 | 4.00 | 3.03 | -0.17 | -5.99 | 4.70 | 2.23 | -2.16 | 0.47 | 0.32 | 1.32 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 3% | -3% | -9% | -59% | ||
| Compounded Profit Growth | % | % | 20% | -118% | ||
| Stock Price CAGR | % | 20% | -29% | 13% | ||
| Return on Equity | 1% | 1% | 1% | 0% |
| 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 | 2.50 | 2.50 | 2.50 | 5.80 | 8.28 | 8.28 | 8.28 | 8.28 | 8.28 | 10.63 | 15.55 | 15.55 |
| Reserves | 0.12 | 1.55 | 2.19 | 5.20 | 15.50 | 10.54 | 14.44 | 16.29 | 14.50 | 77.71 | 106.29 | 108.33 |
| Borrowings | 10.50 | 12.27 | 13.38 | 15.35 | 17.32 | 19.66 | 18.20 | 14.95 | 11.33 | 42.36 | 34.57 | 0.00 |
| Other Liabilities | 2.93 | 6.82 | 10.29 | 9.41 | 4.13 | 9.21 | 4.53 | 11.77 | 7.28 | 3.51 | 0.77 | 126.70 |
| Total Liabilities | 16.05 | 23.14 | 28.36 | 35.76 | 45.23 | 47.69 | 45.45 | 51.29 | 41.39 | 134.21 | 157.18 | 250.58 |
| Fixed Assets | 4.89 | 5.17 | 4.76 | 4.38 | 4.01 | 14.59 | 13.40 | 12.13 | 4.60 | 10.30 | 11.83 | 11.03 |
| CWIP | 0.10 | 0.00 | 2.28 | 6.32 | 11.23 | 0.00 | 0.00 | 0.00 | 0.00 | 0.13 | 0.10 | 0.86 |
| Investments | 0.01 | 0.10 | 0.10 | 0.10 | 0.10 | 0.13 | 0.13 | 0.13 | 0.13 | 0.00 | 17.55 | 0.11 |
| Other Assets | 11.05 | 17.87 | 21.22 | 24.96 | 29.89 | 32.97 | 31.92 | 39.03 | 36.66 | 123.78 | 127.70 | 238.58 |
| Total Assets | 16.05 | 23.14 | 28.36 | 35.76 | 45.23 | 47.69 | 45.45 | 51.29 | 41.39 | 134.21 | 157.18 | 250.58 |
| 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 | 2.46 | -0.04 | 2.44 | -0.68 | -8.33 | -0.43 | 2.40 | 4.78 | -1.65 | -56.80 | 8.87 | 12.60 |
| Cash from Investing Activity | -0.27 | -0.60 | -2.26 | -4.14 | -4.91 | -0.59 | -0.10 | 0.03 | 6.57 | -5.44 | -66.51 | 37.78 |
| Cash from Financing Activity | -1.87 | 0.45 | -0.25 | 4.75 | 13.31 | 1.03 | -2.32 | -4.85 | -4.64 | 95.99 | 25.19 | -34.57 |
| Net Cash Flow | 0.31 | -0.18 | -0.07 | -0.06 | 0.06 | 0.01 | -0.02 | -0.04 | 0.28 | 33.76 | -32.45 | 15.80 |
| Free Cash Flow | 2.27 | -0.73 | 0.18 | -4.73 | -13.25 | -1.03 | 2.31 | 4.82 | 5.29 | -63.12 | 6.57 | 11.75 |
| CFO/OP | 129% | -9% | 77% | -10% | -681% | 28% | 33% | 100% | -471% | -14,125% | 666% | -820% |
| 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 | 30.28 | 29.85 | 38.20 | 22.38 | 24.49 | 21.51 | 24.35 | 13.43 | 39.28 | 3.06 | 44.09 | 11.87 |
| Inventory Days | 34.81 | 62.63 | 59.53 | 65.89 | 82.32 | 88.27 | 82.86 | 76.53 | 52.94 | 153.59 | 52.77 | 587.89 |
| Days Payable | 14.14 | 31.97 | 43.89 | 30.28 | 13.83 | 31.13 | 11.96 | 17.47 | 16.69 | 5.53 | 0.60 | 513.02 |
| Cash Conversion Cycle | 50.95 | 60.51 | 53.84 | 57.99 | 92.99 | 78.65 | 95.26 | 72.49 | 75.53 | 151.12 | 96.26 | 86.74 |
| Working Capital Days | 18.22 | 23.44 | 14.59 | 12.78 | 47.93 | 25.88 | 40.10 | 34.11 | 52.48 | 102.53 | 142.29 | 375.44 |
| ROCE % | 12.16% | 18.89% | 18.20% | 16.93% | 2.22% | -6.74% | 15.14% | 8.80% | -1.36% | 0.86% | 1.91% | 0.77% |
| 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 | 53.75% | 51.72% | 44.93% | 39.02% | 38.40% | 31.02% | 30.84% | 30.84% | 30.84% | 30.84% | 30.84% | 30.84% |
| Public | 46.25% | 48.28% | 55.07% | 60.98% | 61.60% | 68.98% | 69.16% | 69.16% | 69.16% | 69.16% | 69.16% | 69.16% |
| No. of Shareholders | 258 | 321 | 587 | 1,098 | 1,208 | 1,280 | 1,243 | 1,239 | 1,230 | 1,232 | 1,217 | 1,152 |
Fundamentals
Market Cap₹ 153 Cr.
Current Price₹ 98.4
Book Value₹ 79.7
ROCE0.77 %
ROE-0.43 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-59%
Compounded Profit Growth (TTM)-118%
Standalone figures.
Valuation
Market capRs 156 Cr
Enterprise valueRs 138 Cr
P/E (TTM)75.88x
Price to book1.26x
Price to sales1.69x
EV / EBITDA35.15x
EV / EBIT45.44x
EV / sales1.50x
Price to cash flow12.35x
Earnings yield1.32%
P/E, 3-year average439.68x
P/B, 3-year average2.59x
P/E, 5-year average334.91x
P/B, 5-year average2.26x
Profitability
Operating margin (excl. other income)-1.73%
Operating margin (incl. other income)4.26%
EBITDA margin4.26%
Pre-tax margin3.29%
Net profit margin2.22%
ROE1.67%
ROCE2.17%
ROA1.01%
ROE, 3-year average1.01%
ROCE, 3-year average1.05%
ROA, 3-year average0.64%
ROE, 5-year average0.66%
ROCE, 5-year average2.20%
ROA, 5-year average0.37%
ROIC (approx.)1.92%
Tax rate32.89%
Other income / net worth4.46%
Growth
Sales growth (latest year)-58.99%
Profit growth (latest year)318.37%
Sales CAGR, 3 years-9.28%
Sales CAGR, 5 years-2.84%
Profit CAGR, 5 years-12.02%
Per share
EPS (TTM)Rs 1.32
EPS (latest year)Rs 1.32
EPS, 3-year averageRs 0.70
EPS, 5-year averageRs 0.44
Book value per shareRs 79.68
Sales per shareRs 59.35
Cash flow per shareRs 8.10
Free cash flow per shareRs 7.56
Efficiency
Asset turnover0.37x
Fixed asset turnover8.37x
Inventory turnover0.63x
Inventory days579 days
Debtor days12 days
Debtors turnover30.76x
Creditor days513 days
Cash conversion cycle87 days
Working capital days375 days
Leverage
Cash and bankRs 17 Cr
Net debtRs -17 Cr
Net debt / EBITDA-4.43x
Owners' fund to total sources49.44%
Cash flow
Cash from Operating Activity (latest year)Rs 13 Cr
Cash from Investing Activity (latest year)Rs 38 Cr
Cash from Financing Activity (latest year)Rs -35 Cr
Net Cash Flow (latest year)Rs 16 Cr
Free cash flow (latest year)Rs 12 Cr
Cash from ops / profit, 5 years-10.39x
Sales to cash flow7.32x
Statement figures
Net sales (TTM)Rs 92 Cr
Net sales (latest year)Rs 92 Cr
Operating profit excl. other income (latest year)Rs -2 Cr
Other income (TTM)Rs 6 Cr
EBITDA (TTM)Rs 4 Cr
PBDT (TTM)Rs 4 Cr
Profit before tax (TTM)Rs 3 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 2 Cr
Net profit (latest year)Rs 2 Cr
Depreciation (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 90 Cr
Total expenditure (latest year)Rs 94 Cr
Total income (latest year)Rs 98 Cr
Share capitalRs 16 Cr
ReservesRs 108 Cr
Shareholders' fundsRs 124 Cr
Total assetsRs 251 Cr
Net blockRs 11 Cr
Capital work in progressRs 1 Cr
InvestmentsRs 0 Cr
ReceivablesRs 3 Cr
InventoryRs 143 Cr
Other liabilitiesRs 127 Cr
Shares outstanding (crore)1.55
Ownership
Promoter holding30.84% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 75.9 is at the 63th percentile of its own 3.8-year range
(median 45.1, low 8.3, high 381.4).
P/B 1.26 is at the 12th percentile (median 2.21).
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 | SURANI | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +7.6% | -2.8% | +10.4 pts |
| 1 month | +3.1% | -6.8% | +9.9 pts |
| 3 months | -8.0% | -7.6% | -0.4 pts |
| 6 months | +87.7% | +0.4% | +87.3 pts |
| 1 year | +0.2% | -9.9% | +10.1 pts |
| 2 years | -72.7% | -13.6% | -59.2 pts |
| 3 years | -63.0% | +14.2% | -77.2 pts |
| 5 years | +138.2% | +27.9% | +110.3 pts |
Red flags
F-score 6 of 8| explain | Weak cash conversion Cash from operations was -1162% of net profit over the last 3 years |
| explain | Share dilution Share count up 0% in a year, 87% in three |
| look | Inventory outrunning sales Inventory grew 351% vs sales -59% in 2026 |
| look | Profit leans on other income Other income was 182% 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
No quarterly results published.
Activity
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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
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.
High low price variation greater than 150perc in previous 12 monthsHigh low price variation greater than 200perc in previous 365 DaysLess than 100 unique PAN traded in previous 30 daysMandatory Market making period in SME scrip is overSME scrip is not regularly tradedScrip PE is greater than 50 (4 trailing quarters)
Quick answers
What is the market cap of Surani Steel Tubes Ltd?
Surani Steel Tubes Ltd (SURANI) has a market capitalisation of Rs 153 Cr. at the 2026-10-01 close.
What is the 52-week high and low of Surani Steel Tubes Ltd?
The 52-week high is Rs 143.60 and the 52-week low is Rs 47.30.