Is Surya Roshni a good quality company?

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

Is Surya Roshni undervalued or overvalued?

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

What is Surya Roshni share price return in the past 10 years?

Surya Roshni Ltd share price has appreciated 31.7% annually (CAGR) over the past ten years.

Is Surya Roshni a good buy now?

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

Surya Roshni Ltd - Stock Valuation and Financial Performance

Name: Surya Roshni
Brand: Surya Roshni

BSE: 500336 | NSE: SURYAROSNI | Diversified | Small Cap

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Surya Roshni Share Price

₹722.30 23.65 3.39%
as on 11-Oct'24 16:01

10 Year X-Ray of Surya Roshni:

Analysis of Financial Track Record

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

Standalone Basis ^P Consolidated Basis ^P

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'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	10.6%	11.6%	12.8%	12.5%	12.8%	10.9%	12.7%	16.2%	23%	21.2%	-
Value Creation Index ⓘ	-0.2	-0.2	-0.1	-0.1	-0.1	-0.2	-0.1	0.2	0.6	0.6	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	2,857	2,964	3,884	4,931	5,977	5,469	5,554	7,730	7,996	7,809	7,826
Sales YoY Gr.	-	3.8%	31%	27%	21.2%	-8.5%	1.6%	39.2%	3.4%	-2.3%	-
Adj EPS ⓘ	6	7.2	8	9.9	11.1	9.4	14.6	19.4	31.2	30.2	33.3
YoY Gr.	-	19.7%	11%	24.9%	11.9%	-15.5%	55.7%	32.9%	60.6%	-3.2%	-
BVPS (₹) ⓘ	72.1	78.9	87.4	96.2	105.9	113.9	127.2	144.2	171.5	197.5	205.4
Adj Net Profit ⓘ	52.4	62.8	86.5	108	121	102	157	207	336	328	362
Cash Flow from Ops. ⓘ	267	208	256	155	120	280	540	285	279	540	-
Debt/CF from Ops. ⓘ	3.6	4.3	4.2	7.1	9.9	3.9	1.3	2	1.5	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	11.8%	5.5%	12%	-2.3%
Adj EPS ⓘ	19.7%	22.1%	27.4%	-3.2%
BVPSⓘ	11.9%	13.3%	15.8%	15.1%
Share Price	31.7%	54.2%	27.6%	36.9%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	6.6	8.4	10.5	10.8	11	8.6	12	14.2	19.7	16.3	16.5
Op. Profit Mgn % ⓘ	7.8	8.2	8.1	7	6.2	6.5	6.8	5.8	7.7	7.4	7.8
Net Profit Mgn % ⓘ	1.8	2.1	2.2	2.2	2	1.9	2.8	2.7	4.2	4.2	4.6
Debt to Equity ⓘ	1.5	1.3	1.1	1.1	1	0.9	0.5	0.4	0.2	0	-
Working Cap Days ⓘ	122	123	114	117	111	127	124	95	97	97	44
Cash Conv. Cycle ⓘ	90	83	71	73	73	87	79	56	61	67	28

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 12.02%

Net Profit is growing at healthy rate in last 3 years 27.36%

Return on Equity has declined versus last 3 years average to 16.50%

Sales growth is not so good in last 4 quarters at -2.48%

Latest Financials - Surya Roshni Ltd.

	Standalone	Consolidated
TTM EPS (₹)	33.3	33.3
TTM Sales (₹ Cr.)	7,826	7,827
BVPS (₹.) ⓘ	205.4	205.6
Reserves (₹ Cr.) ⓘ	2,180	2,183
P/BV ⓘ	3.52	3.51
PE ⓘ	21.70	21.68

From the Market
52 Week Low / High (₹)	467.15 / 841.50
All Time Low / High (₹)	3.73 / 841.50
Market Cap (₹ Cr.)	7,860
Equity (₹ Cr.)	54.4
Face Value (₹)	5
Industry PE ⓘ	111.5

Management X-Ray of Surya Roshni:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

9.06

9.05

0.00

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

Valuation of Surya Roshni

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Surya Roshni

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	2,857	2,964	3,884	4,931	5,977	5,469	5,554	7,730	7,996	7,809
Operating Expenses ⓘ	2,634	2,722	3,571	4,585	5,605	5,115	5,177	7,288	7,382	7,236
Manufacturing Costs	172	138	147	159	170	185	168	208	230	229
Material Costs	2,021	2,124	2,853	3,771	4,686	4,197	4,301	6,150	6,174	6,033
Employee Cost	156	186	236	269	294	304	307	340	372	410
Other Costs ⓘ	285	274	335	387	455	430	401	590	605	564
Operating Profit ⓘ	223	242	313	346	372	354	377	442	614	572
Operating Profit Margin (%)	7.8%	8.2%	8.1%	7.0%	6.2%	6.5%	6.8%	5.7%	7.7%	7.3%
Other Income ⓘ	4	2	1	3	4	3	5	6	5	14
Interest ⓘ	109	96	113	105	115	114	70	64	45	24
Depreciation ⓘ	56	61	84	87	89	103	103	108	115	117
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	62	87	118	156	173	139	209	276	459	445
Tax ⓘ	8	24	31	48	52	37	53	72	124	116
Profit After Tax	54	63	86	108	121	102	157	205	335	329
PAT Margin (%)	1.9%	2.1%	2.2%	2.2%	2.0%	1.9%	2.8%	2.6%	4.2%	4.2%
Adjusted EPS (₹)	6.2	7.2	7.9	9.9	11.1	9.4	14.6	19.2	31.2	30.3
Dividend Payout Ratio (%)	8%	7%	9%	10%	9%	11%	10%	10%	11%	16%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	811	691	951	1,047	1,152	1,239	1,364	1,538	1,846	2,142
Share Capital ⓘ	44	44	54	54	54	54	54	53	54	54
Reserves ⓘ	767	648	897	993	1,098	1,185	1,310	1,485	1,792	2,088
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	880	846	1,031	1,071	1,132	1,032	665	580	404	4
Long Term Debt	364	333	401	354	335	270	172	61	0	0
Short Term Debt	516	513	631	717	797	762	493	519	404	4
Trade Payables	172	215	341	408	350	295	480	594	407	369
Others Liabilities ⓘ	205	225	293	328	395	405	430	401	398	404
Total Liabilities ⓘ	2,068	1,977	2,616	2,855	3,029	2,970	2,939	3,112	3,054	2,919
Fixed Assets
Gross Block	1,553	811	1,273	1,328	1,432	1,503	1,570	1,577	1,642	1,664
Accumulated Depreciation	617	58	172	256	343	442	541	634	729	829
Net Fixed Assetsⓘ	936	753	1,101	1,072	1,089	1,061	1,029	943	912	835
CWIP ⓘ	26	18	16	22	25	15	10	53	8	17
Investmentsⓘ	50	50	0	0	0	4	4	4	4	4
Inventories	390	470	655	829	844	913	868	987	1,152	1,086
Trade Receivables	524	526	632	713	838	698	753	885	745	715
Cash Equivalents	26	27	22	25	2	2	1	1	1	45
Others Assetsⓘ	115	132	191	196	232	278	274	239	232	217
Total Assets ⓘ	2,068	1,977	2,616	2,855	3,029	2,970	2,939	3,112	3,054	2,919

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	267	208	256	155	120	280	540	285	279	540
PBT ⓘ	62	87	118	156	173	139	209	276	459	445
Adjustment ⓘ	163	156	193	194	204	210	172	176	161	138
Changes in Working Capital ⓘ	54	-13	-28	-160	-221	-30	212	-103	-236	90
Tax Paid ⓘ	-11	-22	-26	-35	-35	-39	-53	-64	-105	-132
Cash Flow From Investing Activity ⓘ	-62	-51	-100	-63	-105	-52	-66	-54	-33	-51
Capex	-63	-51	-99	-65	-105	-48	-66	-54	-33	-51
Net Investments	0	0	-1	2	0	0	0	0	0	0
Others ⓘ	1	0	0	0	0	-4	0	0	0	0
Cash Flow From Financing Activityⓘ	-203	-156	-163	-88	-37	-229	-475	-231	-246	-454
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	3	3
Net Proceeds from Borrowing ⓘ	-54	-50	-68	-60	15	-66	-105	-163	-61	0
Interest Paid ⓘ	-109	-98	-118	-106	-118	-115	-68	-63	-44	-23
Dividend Paid ⓘ	-5	-4	-4	-7	-11	-11	-19	-8	-38	-49
Others ⓘ	-35	-3	28	85	77	-37	-283	3	-106	-386
Net Cash Flow ⓘ	2	1	-7	4	-22	-1	-1	0	0	34

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	8.82	9.54	10.51	10.81	10.99	8.55	12.03	14.1	19.82	16.49
ROCE (%)	10.63	11.58	12.76	12.54	12.82	10.85	12.65	16.16	22.95	21.15
Asset Turnover Ratio	1.48	1.58	1.82	1.83	2.03	1.82	1.88	2.55	2.59	2.61
PAT to CFO Conversion(x)	4.94	3.3	2.98	1.44	0.99	2.75	3.44	1.39	0.83	1.64
Working Capital Days
Receivable Days	61	60	51	49	47	51	48	39	37	34
Inventory Days	49	49	49	54	51	59	59	44	49	52
Payable Days	26	33	36	36	30	28	33	32	30	23

Surya Roshni Ltd Stock News

Surya Roshni Ltd FAQs

What is the share price of Surya Roshni?

Company share prices are keep on changing according to the market conditions. The closing price of Surya Roshni on 11-Oct-2024 16:01 is ₹722.3.

What is the market cap of Surya Roshni?

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 11-Oct-2024 16:01 the market cap of Surya Roshni stood at ₹7,859.9.

What is the P/E ratio of Surya Roshni?

The latest P/E ratio of Surya Roshni as of 11-Oct-2024 16:01 is 21.70.

What is the P/B ratio of Surya Roshni?

The latest P/B ratio of Surya Roshni as of 11-Oct-2024 16:01 is 3.52.

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

The 52-week high of Surya Roshni is ₹841.5 and the 52-week low is ₹467.1.

What is the TTM revenue of Surya Roshni?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Surya Roshni is ₹7,826 ( Cr.) .

About Surya Roshni Ltd

Surya Roshni was incorporated in 1973 with a steel pipe plant located at Bahadurgarh in Haryana. Presently, this plant has emerged as one of the largest in Asia, with a production capacity of 180000 MT of steel pipes annually. Today companyâ€™s product portfolio comprise of fluorescent tube lights, GLS lamps, CFL lamps, HPSV Lamps, HPMV Lamps Metal Halide Lamps and ERW pipe.

Company owns two manufacturing units at Malanpur and Kashipur. Companyâ€™s Malanpur unit was set up in 1984 and its Kashipur unit in 1992. These units have received ISO 9001:2000, ISO 14001:1996 and OHSAS18001:1999 certifications for quality management.

Presently, it has marketing network of 30 branches, over 1500 authorized dealers and over 1,00,000 retailers in India itself. In India, Surya Roshni is the second largest seller of GLS and FTL. Currently company has presence in over 48 countries namely Australia, Indonesia, Oman, Bahrain, Iran, Paraguay, Bangladesh, Jordan, Saudi Arabia, Botswana, Korea, Singapore, Columbia, Kenya, Sri Lanka, Egypt and many more.

Products

General Lighting Service Lamps (GLS lamps)
Fluorescent Tubes
Compact Fluorescent Lamp (CFL)
HID Lamps
Luminaries
Lighting Poles
High Masts
Miniature Circuit Breakers (MCB)
Accessories like choke and starters
Components like soda lime glass shells, tubular glass shells, aluminum caps, GLS filament, TL cathodes and CFL cathodes

Milestones

1973- Surya Roshni incorporated in 1973 with a steel pipe plant at Bahadurgarh in Haryana.
1984- Company set up lighting division at Kashipur.
1985- Its Kashipur unit started production of GLS chain and first chain of FTL. Company launched Surya tubes and bulbs.
1986-Companyâ€™s Kashipur unit started production of second chain of FTL. Company set up a glass factory.
1987-Company started production of second GLS lamp chain.
1988-Company added a bulb blowing machine in Kashipur unit.
1991-Company expanded its tube drawing capacity.
1992-Company started production of its Fluorescent powder, Filament for GLS and FTL. Company added two GLS shell blowing machines at Kashipur. Company started production of its Malanpur plant producing 5 million FTLs and 20 million GLS.
1993- Company expanded its Malanpur plantâ€™s FTL capacity to 10 million.
1994-Company started production of its glass plant. Company increased production capacity of GLS lamp unit. Its Malanpur plant started producing H4-Halogen lamps.
1995-Company doubled GLS lamp production capacity. Production of H3 Lamps and Deco Lamps started at Malanpur plant.
1996-Company increased filament and wire drawing capacity. Company installed an automatic packing machine for FTL. Company set up aluminium cap plant for GLS at Malanpur plant.
1997- Company increased its FTL capacity increased by addition of a new FTL chain. At its Malanpur plant, company installed FTL automatic packaging machine and production of new Osram GLS chain was started.
1998-Company established Asia's largest ribbon glass plant started with annual capacity of 400 million GLS and 25 million FTL shell.
2001-Company developed Triband tubes.
2002-Company developed blended lamps and blue tubes. Company received ISO 14001 and OHSAS 18001 certifications.
2004-Company increased production capacity of HID lamps from 1.5 lac Pcs. p.a. to 4.5 lacs Pcs. p.a.
2005- Company added tube drawing line in lead glass furnace thus leading to doubling of production capacity. Company installed additional tube drawing line on sodalime furnace.
2006-Company increased production capacity of wire drawing and filament plant by 90 million filaments p.a.
2008 - Worlds best CFL plant from GE Europe commissioned
2010- Surya Roshni launched its high-power factor CFL lamps in the Kerala market.
2011 -Surya Gets Award for Energy Conservation