Suraj Ltd - Stock Valuation and Financial Performance

BSE: 531638 | NSE: | Steel & Iron Products | Small Cap

Suraj Share Price

218.55 7.55 3.58%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Suraj

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Suraj stock performance -

mw4me loader
P/E Ratio (SA):
14.48
Market Cap:
400.6 Cr.
52-wk low:
71.9
52-wk high:
251

Is Suraj Ltd an attractive stock to invest in?

1. Is Suraj Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Suraj Ltd is a average quality company.

2. Is Suraj Ltd undervalued or overvalued?

The key valuation ratios of Suraj Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Suraj Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Suraj Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Suraj:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Suraj Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 8.6%6.7%3.9%3.2%2.3%4.7%4.2%3.5%2.5%15.1%-
Value Creation
Index
-0.4-0.5-0.7-0.8-0.8-0.7-0.7-0.8-0.80.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 238248154196207179176188344367337
Sales YoY Gr.-4.3%-38.2%27.9%5.5%-13.3%-2.1%7.2%82.5%6.7%-
Adj EPS 5.23.50.80.1-1.10.80.2-0.3-0.38.915.1
YoY Gr.--31.8%-76.6%-94%-2340%NA-82.1%-320%NANA-
BVPS (₹) 42.644.344.544.244.445.145.646.347.956.564.7
Adj Net
Profit
106.81.60.1-2.21.60.3-0.6-0.516.328
Cash Flow from Ops. 3019.615.914.526.330.532.533.344.6-
Debt/CF from Ops. 4132.212.77.37.73.82.71.71.10.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 4.9%12.1%27.8%6.7%
Adj EPS 6.1%NA289.3%NA
BVPS3.2%4.9%7.4%18.1%
Share Price 16.3% 43.4% 97% 190.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
12.28.21.90.1-2.51.90.3-0.7-0.516.624.9
Op. Profit
Mgn %
1510.311.97.96.3109.87.23.69.514.2
Net Profit
Mgn %
4.22.81.10.1-10.90.2-0.3-0.14.48.2
Debt to
Equity
1.51.51.41.41.31.10.90.60.40.2-
Working Cap
Days
2042043342662702892782421209654
Cash Conv.
Cycle
172175300225214234218181816121

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 24.90%

Sales growth is growing at healthy rate in last 3 years 27.79%

Net Profit is growing at healthy rate in last 3 years 289.30%

Sales growth is not so good in last 4 quarters at -14.69%

Latest Financials - Suraj Ltd.

Standalone Consolidated
TTM EPS (₹) 15.1 0.8
TTM Sales (₹ Cr.) 337 182
BVPS (₹.) 64.7 0
Reserves (₹ Cr.) 100 101
P/BV 3.37 0.00
PE 14.48 283.12
From the Market
52 Week Low / High (₹) 71.90 / 251.00
All Time Low / High (₹) 0.43 / 296.75
Market Cap (₹ Cr.) 401
Equity (₹ Cr.) 18.4
Face Value (₹) 10
Industry PE 25.1

Management X-Ray of Suraj:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales238248153196207179176188344367
Operating Expenses 211225137181194162159175331332
Manufacturing Costs1510912161415143237
Material Costs168193107149147131124145280269
Employee Cost 1210911111114121417
Other Costs 17111182156468
Operating Profit 27241716131817141235
Operating Profit Margin (%) 11.2%9.6%10.8%7.9%6.3%9.8%9.8%7.2%3.6%9.5%
Other Income 1311401456
Interest 1110109101010964
Depreciation 11776677778
Exceptional Items 0000000000
Profit Before Tax 69111122529
Tax 2200101128
Profit After Tax 47000111320
PAT Margin (%) 1.5%2.8%0.3%0.2%0.2%0.8%0.6%0.7%0.9%5.5%
Adjusted EPS (₹)1.93.60.20.20.20.70.50.71.611.0
Dividend Payout Ratio (%)79%42%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 828586858687888992104
Share Capital 19191919191919191918
Reserves 63666666666869707385
Minority Interest0000000000
Debt1111241221161129981563522
Long Term Debt5000000000
Short Term Debt1051241221161129981563522
Trade Payables68217861216215
Others Liabilities 26176108788915
Total Liabilities 225235216229213198188169158146

Fixed Assets

Gross Block149151152152157159163165172190
Accumulated Depreciation7177849096103109116123131
Net Fixed Assets78746863615754494960
CWIP 0003000000
Investments 0000000000
Inventories10311210199888493776128
Trade Receivables20273342423122252833
Cash Equivalents 91155453011
Others Assets1511817182217171924
Total Assets 225235216229213198188169158146

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 3011016142631333345
PBT 69111122529
Adjustment 20131514161716151312
Changes in Working Capital 7-18-32-2913161713
Tax Paid -3-3-30-1-1-1-1-1-8
Cash Flow From Investing Activity -4-65-2-1-2-4-2-7-19
Capex -5-2-2-3-2-2-4-2-7-19
Net Investments 0000000000
Others 1-461000000
Cash Flow From Financing Activity -242-14-13-14-23-28-34-26-26
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -11-500000000
Interest Paid -10-8-8-8-10-10-10-9-6-4
Dividend Paid -3-3-30000000
Others 018-3-6-5-13-18-25-20-22
Net Cash Flow 2-300-11-1-300
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)4.498.240.460.50.451.631.111.553.3120.54
ROCE (%)8.139.344.754.95.265.946.76.847.4925.85
Asset Turnover Ratio1.111.120.710.930.940.870.911.062.112.42
PAT to CFO Conversion(x)7.50.14INFINFINF263133112.25
Working Capital Days
Receivable Days36346967747454452831
Inventory Days1461532441771651751841657344
Payable Days12131623311926352418

Suraj Ltd Stock News

Suraj Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Suraj on 28-Mar-2024 16:01 is ₹218.6.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Suraj stood at ₹400.6.
The latest P/E ratio of Suraj as of 28-Mar-2024 16:01 is 14.48.
The latest P/B ratio of Suraj as of 28-Mar-2024 16:01 is 3.37.
The 52-week high of Suraj is ₹251.0 and the 52-week low is ₹71.90.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Suraj is ₹336.9 ( Cr.) .

About Suraj Ltd

Suraj, earlier known as Suraj Stainless, a Suraj Group company, was founded by Tarachand Balaji Shah in 1960. Suraj Group established has spearheaded the mini-revolution with the aim to be one of the market leaders in the country. In 2011 company changed its name from Suraj Stainless Ltd to Suraj Ltd.

The company manufactures Stainless Steel Seamless & Welded Pipes, Tubes & ‘U’ Tubes are manufactured and tested to international Standards, under strict supervision of highly qualified and experienced technocrats, to satisfy and meet the most critical demands of reputed industrial users for various applications, sizes, grades and specifications as per ASTM and also conforming other international GradeStandards Equivalent to ASME, DIN, NFA, JIS, etc.

Suraj Stainless specialises in tubing for Heat exchangers, Heater, Condensers, Heating Elements and Instrumentation with facility of annealed, pickled, cold rolled and weld bead removed tubes upto 22-meters long tubes.  Suraj Stainless is a Govt. of India recognized Export House and is selling its premium products in India and abroad to more than 53 countries in all over the world.

All products of Suraj Stainless Ltd.' have to meet a very high standard, set by stringent quality specifications and norms. All process parameters and conditions are developed and constantly monitored throughout the entire manufacturing process.

A quality system to ISO 9001 : 2000 , AD 2000 – Merkblatt / WO , and PED – 97 /23/EC as outlined in this manual has been developed and implemented to ensure that all the customer requirements is satisfied. The quality system is applicable to all departments and all activities undertaken by the company for manufacturing of Stainless Steel Seamless/Welded Pipes, Tubes and ‘U’ Tubes.

In 2010 commenced Production of Large Diameter Fusion Welded Pipes to Specification ASTM A-358. A-409, A-779, A-928

Product range of the company includes:

Seamless ferritic and austenitic alloy steel boiler, super heater and heat Exchanger tubes

The company is specialized in tubing for equipment like

- Heat Exchanger- Heating Elements- Surface Condensers- Evaporators- Digesters- Instrumentation and Fluid Pipings.

Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.