Is Suraj Products Ltd (518075) a good quality company?

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

Is Suraj Products Ltd (518075) undervalued or overvalued?

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

What is Suraj Products Ltd (518075) share price return in the past 10 years?

Suraj Products Ltd share price has appreciated 29.7% annually (CAGR) over the past ten years.

Is Suraj Products Ltd (518075) a good buy now?

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

What is the share price of Suraj Products Ltd (518075)?

Company share prices are keep on changing according to the market conditions. The current trading price of Suraj Products Ltd (518075) on 17-Apr-2026 16:59:59 at 16:59 is 232.65.

What is the P/E ratio of Suraj Products?

The latest standalone P/E ratio of Suraj Products as of 17-Apr-2026 is 16.49.

What is the P/B ratio of Suraj Products Ltd (518075)?

The latest standalone P/B ratio of Suraj Products Ltd (518075) as of 17-Apr-2026 is 1.67.

What is the 52-week high and low of Suraj Products Ltd (518075)?

The 52-week high of Suraj Products Ltd (518075) is Rs. 444.70 and the 52-week low is Rs. 156.20.

Suraj Products Ltd (518075) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: Suraj Products Ltd (518075)
Brand: Suraj Products

Suraj Products Ltd (518075) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Suraj Products Ltd (518075)

BSE: 518075 NSE:

Key Metrics

Market Cap

₹265 Cr.

P/E Ratio

16.49

Price to Book (P/B)

1.67

Price to Sales (P/S)

0.90

EV/EBITDA

9.02

Return on Capital Employed (ROCE)

17.57%

Current Price

₹232.7

Return on Equity (ROE)

15.32%

Return on Assets (ROA)

11.62%

Operating Profit Margin

11.4%

Net Profit Margin

6.57%

Gross Profit Margin

10.9%

Book Value per Share

₹139.4

Sales Growth (YoY)

-5.31%

Sales Growth (3 Years)

11.28%

Operating Profit Growth (1 Year)

-26.86%

Operating Profit Growth (3 Years)

-5.18%

Net Profit Growth (1 Year)

-25.92%

52-Week Low / High

₹156 / 445

Net Profit Growth (3 Years)

-3.13%

Dividend Yield

0.51%

Promoter Holding

73.70%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Revenue growth of Suraj Products Ltd?

Suraj Products Ltd revenue growth is -5.3% for FY-2025 , which is below its 5 year CAGR of 22.6% , indicating slower growth.

Q.1 Promoter shareholding and pledge status of Suraj Products Ltd?

Promoters hold 73.70% of the Suraj Products Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of Suraj Products Ltd vs industry peers?

Suraj Products Ltd revenue CAGR is 22.57% , compared to the industry median CAGR of 7.41% , indicating faster growth and gaining its market share.

Q.1 Which industry/sub-sector does Suraj Products Ltd belong to?

Suraj Products Ltd belongs to the Metals & Mining sector, operating specifically within the Steel & Iron Products segment.

Q.1 Stock return of Suraj Products Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 29.7% based on the current price.

DeciZen - make an informed investing decision on Suraj Products

Based on:

Data

Overall Rating ⓘ
Login to view analysis. M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation ⓘ

3. Price Trend

Suraj Products stock performance

Key Ratios

Is Suraj Products Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	5.5%	5.6%	10.1%	11.4%	8.6%	17.2%	27.4%	27%	26.1%	17.6%	-
Value Creation Index ⓘ	-0.6	-0.6	-0.3	-0.2	-0.4	0.2	1.0	0.9	0.9	0.3	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	55.6	59.8	69.8	116	118	218	237	285	345	326	296
Sales YoY Gr.	-	7.5%	16.8%	66.7%	1.4%	84.5%	8.8%	20.3%	21%	-5.3%	-
Adj EPS ⓘ	0.4	0.8	3.1	5.3	4.7	8	20.7	22.8	25.4	18.8	14.1
YoY Gr.	-	137.1%	278.3%	69.8%	-12.4%	71.7%	157.9%	10.3%	11.3%	-26%	-
BVPS (₹) ⓘ	25.8	26.5	29.7	35.2	39.9	48.1	68.7	90.5	114.4	131.2	139.4
Adj Net Profit ⓘ	0.4	1	3.6	6.1	5.3	9.1	23.6	26	28.9	21.4	16
Cash Flow from Ops. ⓘ	-3.5	6.6	8.5	20	-0.3	32.8	12.7	32.7	31.5	29.9	-
Debt/CF from Ops. ⓘ	-7	6.8	6	3.2	-334.9	2	4.8	1.6	1.3	0.7	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	21.7%	22.6%	11.3%	-5.3%
Adj EPS ⓘ	55.7%	32.1%	-3.2%	-26%
BVPSⓘ	19.8%	26.9%	24.1%	14.7%
Share Price	29.7%	44%	19.5%	-45.6%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	1.4	3.2	11.2	16.4	12.4	18.2	35.4	28.7	24.8	15.3	10.4
Op. Profit Mgn % ⓘ	8.5	8.8	16.5	12.1	14	14.2	18.4	17	14.8	11.4	9.5
Net Profit Mgn % ⓘ	0.7	1.6	5.1	5.2	4.5	4.2	10	9.1	8.4	6.6	5.4
Debt to Equity ⓘ	0.8	1.5	1.5	1.6	1.9	1.2	0.8	0.5	0.3	0.1	-
Working Cap Days ⓘ	196	198	193	121	155	93	92	100	96	105	63
Cash Conv. Cycle ⓘ	139	148	138	80	100	62	69	62	50	58	49

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	14.1	-
TTM Sales (₹ Cr.)	296	-
BVPS (₹) ⓘ	139.4	-
Reserves (₹ Cr.) ⓘ	148	-
P/BV ⓘ	1.67	-
PE ⓘ	16.49	-

From the Market
52 Week Low / High (₹)	156.20 / 444.70
All Time Low / High (₹)	2.00 / 951.00
Market Cap (₹ Cr.)	265
Equity (₹ Cr.)	11.4
Face Value (₹)	10
Industry PE ⓘ	26.8

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Suraj Products - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	56	60	70	116	118	218	237	285	345	326
Operating Expenses ⓘ +	51	55	58	102	101	187	193	237	294	289
Manufacturing Costs	7	6	6	12	15	30	25	32	38	36
Material Costs	40	45	47	83	78	144	154	189	236	230
Employee Cost	2	2	3	5	6	10	11	12	16	18
Other Costs ⓘ	1	1	3	3	2	3	3	4	4	5
Operating Profit ⓘ	5	5	12	14	17	31	44	48	51	37
Operating Profit Margin (%)	8.5%	8.8%	16.5%	12.1%	14.0%	14.1%	18.4%	17.0%	14.8%	11.4%
Other Income ⓘ +	0	0	0	1	0	0	0	0	1	1
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Interest ⓘ	2	3	5	4	6	7	4	4	3	2
Depreciation ⓘ	2	2	4	4	7	9	9	9	9	8
Profit Before Tax ⓘ	1	1	3	6	4	15	31	36	39	28
Tax ⓘ	0	-0	-0	0	-2	5	7	10	10	6
Profit After Tax	0	1	4	6	5	9	24	26	29	21
PAT Margin (%)	0.8%	1.6%	5.1%	5.4%	4.6%	4.2%	10.0%	9.1%	8.4%	6.6%
Adjusted EPS (₹)	0.4	0.8	3.1	5.5	4.7	8.0	20.7	22.8	25.4	18.8
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	5%	7%	8%	11%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	30	30	34	40	46	55	78	103	130	150
Share Capital ⓘ	11	11	11	11	11	11	11	11	11	11
Reserves ⓘ	18	19	22	29	34	43	67	92	119	138
Debt +	24	45	48	59	81	55	53	44	33	11
Long Term Debt	7	28	31	41	55	38	32	21	12	4
Short Term Debt	17	17	17	17	25	16	21	22	20	7
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	2	2	1	4	13	4	2	3	4	4
Others Liabilities ⓘ	3	2	6	9	6	15	12	22	19	18
Total Liabilities ⓘ	59	79	89	111	146	129	145	172	186	183
Fixed Assets
Net Fixed Assets ⓘ +	20	39	41	57	82	75	74	84	75	69
Gross Block	51	72	78	98	129	131	139	158	158	159
Accumulated Depreciation	31	33	36	40	47	56	65	74	83	90
CWIP ⓘ	0	0	6	13	0	0	0	0	1	3
Investments ⓘ	0	0	0	0	0	0	0	0	0	0
Inventories	27	26	25	26	47	33	51	34	48	43
Trade Receivables	4	3	3	3	6	7	6	12	8	14
Cash Equivalents	2	4	2	2	2	4	1	2	15	17
Others Assets ⓘ	6	7	11	10	8	9	13	40	39	37
Total Assets ⓘ	59	79	89	111	146	129	145	172	186	183

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	-4	7	8	20	-0	33	13	33	31	30
PBT ⓘ	1	1	3	6	4	15	31	36	39	28
Adjustment ⓘ	4	5	8	8	13	16	13	13	12	10
Changes in Working Capital ⓘ	-8	2	-3	7	-16	3	-25	-10	-11	1
Tax Paid ⓘ	-0	-0	-0	-1	-1	-2	-6	-6	-8	-8
Cash Flow From Investing Activity ⓘ +	-1	-21	-12	-28	-16	-2	-7	-19	-1	-5
Capex	-1	-21	-12	-27	-16	-2	-7	-19	-0	-2
Net Investments	0	0	0	0	0	0	0	0	-0	-1
Others ⓘ	-0	-0	0	-1	-0	0	0	0	-1	-2
Cash Flow From Financing Activity ⓘ +	4	17	1	8	16	-28	-9	-13	-18	-24
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	5	20	6	13	15	-12	-7	-10	-11	-7
Interest Paid ⓘ	-2	0	-5	-4	-6	-7	-4	-4	-3	-2
Dividend Paid ⓘ	-1	-3	-0	-0	-0	-0	0	-1	-2	-2
Others ⓘ	2	-0	0	-0	8	-9	2	3	-2	-12
Net Cash Flow ⓘ	-1	2	-2	0	-0	2	-3	1	13	1

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	1.47	3.21	11.17	17.03	12.62	18.27	35.43	28.67	24.78	15.32
ROCE (%)	5.53	5.58	10.06	11.44	8.57	17.2	27.35	26.97	26.14	17.57
Asset Turnover Ratio	1.11	0.97	0.85	1.16	0.92	1.59	1.73	1.8	1.93	1.77
PAT to CFO Conversion(x)	N/A	7	2	3.33	-0	3.67	0.54	1.27	1.07	1.43
Working Capital Days
Receivable Days	26	19	16	9	14	11	11	12	11	12
Inventory Days	130	144	131	81	113	67	64	54	43	51
Payable Days	24	17	13	11	39	22	7	5	6	6

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Announcements

Suraj Products Ltd FAQs

The current trading price of Suraj Products on 17-Apr-2026 16:59 is ₹232.7.

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 16-Apr-2026 the market cap of Suraj Products stood at ₹265.2 Cr

The latest P/E ratio of Suraj Products as of 16-Apr-2026 is 16.49.

The latest P/B ratio of Suraj Products as of 16-Apr-2026 is 1.67.

The 52-week high of Suraj Products is ₹444.7 and the 52-week low is ₹156.2.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Suraj Products is ₹296 ( Cr.) .

About Suraj Products Ltd

Suraj Products was established in the year 1991 as Champion Cement Industries. Subsequently in the year 2000, it was renamed to Suraj Products. The unit started its operations with a mini cement plant and subsequently in the year 2002 it diversified to sponge iron manufacturing and production of cement stopped. Today the installed capacity is 36,000 TPA. Subsequently, it set up a pig iron plant with an installed capacity of 24,000 TPA. The company seeks to provide the ideal blend of technology, manpower and efficiency which places it in a unique position in terms of achievement of its goals and customer satisfaction.

The growth of the unit has resulted in the creation of numerous job opportunities in the area and the company strives towards furthering its contribution to the state & country.

Suraj Products is situated in the Sundargarh district of Orissa. The following are some basic facts about the company - the total capacity is 36,000 TPA for sponge and about 24,000 TPA for pig iron, the factory is situated at a distance of 30 km from the famous Rourkela Steel Plant, the factory is part of industrial hub famous for sponge iron & induction furnace plants and it is well connected by roads and railways.

The supply chain starts right from purchase of the iron ore, coal, coke, etc. to delivery of the finished product (sponge iron & pig iron) to the customers. The service by nature is customer centric with the intention of delivering the maximum value to the customer in the most cost effective and efficient manner. As the factory is a part of local industrial hub of induction furnaces, it caters finished product as raw material to local steel makers apart from Raigarh, Raipur, Ramgarh, Patna, Mandi Gobindgarh etc.

Suraj Products is one of the first companies to install Electro-Static Precipitator (ESP) with dry in 2004 as pollution control device on 50 TPD sponge iron kilns and later it becomes norm & trend in the industry.

The registered office is located at Barpali village, PO: Kesaramal (Rajgangpur), Sundargarh district, Odisha, Pin Code: 770017.

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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
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Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
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Suraj Products Ltd (518075) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Suraj Products Share Price