MarketFriction

Surya Roshni Ltd

NSE SURYAROSNI · BSE 500336 · Iron & Steel Products
₹220.67 -0.32%
NSE close2026-10-01
52 week range187.35 - 314.50
Market cap₹4,802 Cr.
P/E15.4
Microcap 250 Price band 20% Delivery 29.8%

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
Sales1,9161,9382,0801,8931,5291,8682,1461,6051,8451,9272,1632,046
Expenses1,7781,7831,9151,7421,4531,7181,9431,5351,7271,7832,0091,934
Operating Profit1371551661517615020270118145154112
OPM %7%8%8%8%5.0%8%9%4.3%6%8%7%5%
Other Income247876913233168
Interest674565559765
Depreciation293029303130313232333334
Profit before tax104121139123461211754610010713181
Tax %27%26%25%25%26%26%26%26%26%26%25%26%
Net Profit76901049234901303474809860
EPS in Rs3.494.144.784.251.574.135.981.553.413.664.522.74
Mar 2013Mar 2016Mar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3,5072,9643,1455,9755,4715,5617,7317,9977,8097,4367,5407,982
Expenses3,1972,7222,9165,6035,1175,1827,2887,3837,2376,8577,0537,452
Operating Profit310243230372354379443614572579487530
OPM %9%8%7%6%6%7%6%8%7%8%6%7%
Other Income1214356514305449
Interest145968811511470644524212828
Depreciation85615689103103108115117123130133
Profit before tax828787172140211277459445465384419
Tax %6%27%24%30%27%25%26%27%26%26%26%
Net Profit736772121103158205336329347286312
EPS in Rs4.193.834.085.554.717.289.4215.4215.1315.9313.1314.33
Dividend Payout %24%7%9%9%11%10%10%11%16%35%38%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth10%6%-2%12%
Compounded Profit Growth15%12%-6%8%
Stock Price CAGR15%3%-3%-23%
Return on Equity%15%14%11%
Mar 2012Mar 2013Mar 2016Mar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital44444444545454535454109109
Reserves6846936607231,0971,1851,3141,4941,8102,1122,3562,525
Borrowings1,1861,1968958861,1921,090732593418161680
Other Liabilities285362390465685641842974776739752832
Total Liabilities2,2002,2951,9902,1183,0292,9712,9413,1153,0572,9223,2343,545
Fixed Assets1,1591,1967537871,0891,0611,029943912835841892
CWIP38261815251510538175730
Investments00636800000000
Other Assets1,0021,0731,1551,2481,9161,8951,9032,1192,1362,0702,3362,623
Total Assets2,2002,2951,9902,1183,0292,9712,9413,1153,0572,9223,2343,545
Mar 2012Mar 2013Mar 2016Mar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity64254208181120276540285280546395401
Cash from Investing Activity-194-108-51-84-105-48-66-54-33-51-329-284
Cash from Financing Activity122-155-156-105-37-229-475-231-246-461-80-92
Net Cash Flow-7-81-8-22-1-10134-1525
Free Cash Flow-1311451579715228474231247495254250
CFO/OP33%88%95%88%42%89%157%79%63%119%91%107%
Mar 2012Mar 2013Mar 2016Mar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days424765635146504234344445
Inventory Days876879846680745968665964
Days Payable191336402726413524222431
Cash Conversion Cycle10910110810790101836578777978
Working Capital Days252531312834383346616364
ROCE %9%11%11%11%13%16%23%21%21%16%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters62.96%62.96%62.96%62.96%62.96%62.47%62.47%62.47%62.47%62.89%63.00%63.02%
FIIs5.15%5.26%5.02%4.49%4.87%4.53%4.12%4.67%4.94%4.75%4.68%3.81%
DIIs0.45%0.52%0.56%1.00%1.03%1.46%1.63%1.69%1.67%2.04%2.10%1.90%
Public30.54%30.63%31.11%31.27%31.02%31.49%31.75%31.15%30.90%30.31%30.20%31.27%
Others0.91%0.62%0.36%0.29%0.12%0.06%0.03%0.02%0.02%0.02%0.01%0.00%
No. of Shareholders43,08347,63253,43859,59555,54661,30266,60062,98363,44365,95366,76667,798

Fundamentals

Market Cap₹ 4,802 Cr.
Current Price₹ 221
Stock P/E15.4
Book Value₹ 121
ROCE15.6 %
ROE10.9 %
Dividend Yield2.27 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)12%
Compounded Profit Growth (TTM)8%
Consolidated figures.
Valuation
Market capRs 4,803 Cr
Enterprise valueRs 4,429 Cr
P/E (TTM)15.40x
Price to book1.82x
Price to sales0.60x
EV / EBITDA7.65x
EV / EBIT9.92x
EV / sales0.55x
Price to cash flow11.99x
Earnings yield6.49%
Dividend yield2.27%
P/E, 3-year average12.69x
P/B, 3-year average1.66x
P/E, 5-year average8.70x
P/B, 5-year average1.17x
Profitability
Operating margin (excl. other income)6.46%
Operating margin (incl. other income)7.18%
EBITDA margin7.25%
Pre-tax margin5.25%
Net profit margin3.91%
Net margin, latest quarter2.91%
ROE11.21%
ROCE15.84%
ROA8.43%
ROE, 3-year average14.17%
ROCE, 3-year average19.23%
ROA, 3-year average10.23%
ROE, 5-year average15.25%
ROCE, 5-year average19.31%
ROA, 5-year average9.67%
ROIC (approx.)14.72%
Tax rate25.52%
Other income / net worth2.05%
Growth
Sales growth (latest year)1.41%
Profit growth (latest year)-17.54%
Sales CAGR, 3 years-1.94%
Sales CAGR, 5 years6.28%
Profit CAGR, 3 years-5.20%
Profit CAGR, 5 years12.54%
Sales growth QoQ-5.40%
Profit growth QoQ-39.37%
Sales growth YoY (latest quarter)27.54%
Profit growth YoY (latest quarter)77.22%
Per share
EPS (TTM)Rs 14.33
EPS (latest year)Rs 13.13
EPS (latest quarter)Rs 2.74
EPS, 3-year averageRs 19.77
EPS, 5-year averageRs 31.73
Book value per shareRs 121.01
Sales per shareRs 366.78
Cash flow per shareRs 18.41
Free cash flow per shareRs 11.49
Dividend per share (latest year)Rs 5.00
Dividend per share, 3-year averageRs 5.16
Dividend per share, 5-year averageRs 5.27
Dividends
Dividend payout38.07%
Dividend payout, 3-year average29.69%
Dividend payout, 5-year average22.14%
Efficiency
Asset turnover2.13x
Fixed asset turnover8.45x
Inventory turnover5.96x
Inventory days61 days
Debtor days45 days
Debtors turnover8.04x
Creditor days31 days
Cash conversion cycle78 days
Working capital days64 days
Leverage
Total debtRs 80 Cr
Cash and bankRs 453 Cr
Net debtRs -373 Cr
Debt to equity0.03x
Net debt / EBITDA-0.64x
Interest coverage16.03x
Current ratio (filing 2026-03-31)3.21x
Quick ratio (filing 2026-03-31)1.96x
Trade payables (filing 2026-03-31)Rs 484 Cr
Owners' fund to total sources74.29%
Debt to assets2.25%
Cash flow
Cash from Operating Activity (latest year)Rs 401 Cr
Cash from Investing Activity (latest year)Rs -284 Cr
Cash from Financing Activity (latest year)Rs -92 Cr
Net Cash Flow (latest year)Rs 25 Cr
Free cash flow (latest year)Rs 250 Cr
FCFE (approx.: FCF + change in debt)Rs 314 Cr
Cash from ops / profit, 5 years1.27x
Sales to cash flow18.82x
Statement figures
Net sales (TTM)Rs 7,982 Cr
Net sales (latest year)Rs 7,540 Cr
Sales (latest quarter)Rs 2,046 Cr
Operating profit excl. other income (latest year)Rs 487 Cr
Operating profit (latest quarter)Rs 112 Cr
Other income (TTM)Rs 49 Cr
EBITDA (TTM)Rs 579 Cr
PBDT (TTM)Rs 551 Cr
Profit before tax (TTM)Rs 419 Cr
Tax (latest year)Rs 98 Cr
Net profit (TTM)Rs 312 Cr
Net profit (latest year)Rs 286 Cr
Net profit (latest quarter)Rs 60 Cr
Depreciation (TTM)Rs 133 Cr
Depreciation (latest quarter)Rs 34 Cr
Interest (TTM)Rs 28 Cr
Cost of goods sold (latest year)Rs 5,991 Cr
Total expenditure (latest year)Rs 7,053 Cr
Total income (latest year)Rs 7,594 Cr
Share capitalRs 109 Cr
ReservesRs 2,525 Cr
Shareholders' fundsRs 2,634 Cr
Total assetsRs 3,545 Cr
Net blockRs 892 Cr
Capital work in progressRs 30 Cr
ReceivablesRs 937 Cr
InventoryRs 1,005 Cr
Other liabilitiesRs 832 Cr
Shares outstanding (crore)21.76
Ownership
Promoter holding63.02% (+0.55 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 15.4 is at the 31th percentile of its own 10.1-year range (median 17.5, low 2.8, high 33.6).
P/B 1.82 is at the 40th percentile (median 2.06).
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.
PeriodSURYAROSNINifty 50Difference
1 week+1.5%-2.8% +4.2 pts
1 month+0.8%-6.8% +7.6 pts
3 months-16.2%-7.6% -8.6 pts
6 months+17.3%+0.4% +16.9 pts
1 year-22.7%-9.9% -12.8 pts
2 years-36.1%-13.6% -22.6 pts
3 years-10.1%+14.2% -24.3 pts
5 years+6.6%+27.9% -21.3 pts
7 mutual fund schemes hold about ₹5 Cr. Over three months 0 bought more and 2 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Motilal Oswal Nifty Microcap 250 Index Fund0.18%4 -5%
Groww Nifty Total Market Index Fund0.01%0 -5%
Angel One Nifty Total Market Index Fund0.01%0 -5%
Motilal Oswal BSE 1000 Index Fund0.01%0 -5%
Mirae Asset Nifty Total Market Index Fund0.01%0 -5%
Bandhan Nifty Total Market Index Fund0.01%0 -5%
LIC MF Midcap Fund0.00%0 -100%

Red flags

F-score 4 of 8
explainDebt up, profit down Borrowings up 390% while net profit fell 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 ₹2,046 Cr +27.5% vs Jun 2025. Net profit ₹60 Cr +76.5%.
Against our estimate for Jun 2026: sales +25.0%, profit -10.2% in line. Our estimate for Sep 2026: sales Rs 2,106 Cr, profit Rs 86 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-08-21Dividend - Rs 2.50 Per Share
2025-11-17Interim Dividend - Rs 2.50 Per Share
2025-09-04Dividend - Rs 3 Per Share
2025-01-01Bonus 1:10.5000
2024-11-29Interim Dividend - Rs 2.50 Per Share
2024-08-23Dividend - Rs 2.50 Per Share
2023-11-10Interim Dividend - Rs 2.50 Per Share
2023-10-06Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 5/- Per Share0.5000
2023-08-25Dividend - Rs 4 Per Share
2023-01-27Interim Dividend - Rs 3 Per Share
2022-09-01Dividend - Rs 4 Per Share
2021-09-02 Dividend - Rs 1.50 Per Share
2020-11-06 Interim Dividend - Rs 1.50 Per Share
2020-09-03 Dividend - Rs 2 Per Share
2019-08-27 Dividend Rs 2 Per Share
2018-09-07 Dividend- Rs 2 Per Share
2017-12-08 Dividend - Rs 1.50 Per Share
2016-09-01 Annual General Meeting/Dividend Re 1/- Per Share
2015-08-21Dividend - Re 1/- Per Share
2014-08-08Annual General Meeting / Final Dividend - Re 1/- Per Share
2013-08-30Annual General Meeting/Dividend Re 1/- Per Share
2013-02-082nd Interim Dividend Re 1 Per Share (Purpose Revised)
2012-10-31Interim Dividend Rs.2/- Per Share (Purpose Revised)
2012-08-31Annual General Meeting
2011-09-02Dividend-Rs.1.50 Per Share
2010-09-03Dividend-Rs.2/- Per Share
2009-09-04Agm/Div-Rs.1.20 Per Share
2008-09-05Dividend-15%
2007-09-11Agm/Dividend-15%
2006-09-11Agm/Dividend-15%
DateTypeWhat it says
2026-10-01Press ReleaseA press release dated October 01, 2026, titled "Q2 & H1 FY27 Business Update".
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.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Surya Roshni Ltd?

Surya Roshni Ltd (SURYAROSNI) has a market capitalisation of Rs 4,802 Cr. at the 2026-10-01 close.

What is the P/E ratio of Surya Roshni Ltd?

Surya Roshni Ltd trades at a P/E of 15.4 on trailing twelve-month profit, at the 2026-10-01 close.

What were Surya Roshni Ltd's latest quarterly results?

In the Jun 2026 quarter, Surya Roshni Ltd sales was Rs 2,046 Cr (+27.5% vs Jun 2025) and net profit was Rs 60 Cr.

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

The 52-week high is Rs 314.50 and the 52-week low is Rs 187.35.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03