Surya Roshni Ltd Stock Analysis

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

BSE Share Price 25-Nov-2022 18:01
476.30 1.35 (0.28%)

DeciZen - Make an Informed Decision on Surya Roshni

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Surya Roshni Price Chart

P/E Ratio (SA) :
12.16
Market Cap :
2,591.5 Cr.
52-wk low :
336.1
52-wk high :
672.3
Bole Toh?

1. Is Surya Roshni Ltd a good quality company?

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

2. Is Surya Roshni Ltd 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 Fair zone.

3. Is Surya Roshni Ltd a good buy now?

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

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
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.
Surya Roshni 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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 9.4%7.8%7.2%7.8%9.2%8.7%9%7.8%9.3%12%-
Value Creation Index -0.3-0.4-0.5-0.4-0.4-0.4-0.4-0.4-0.3-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,9593,0312,8572,9643,8844,9315,9775,4695,5547,7308,155
YoY Gr. Rt. %-2.4%-5.7%3.8%31%27%21.2%-8.5%1.6%39.2%-
Adj EPS 15.7121214.315.919.922.218.829.338.339.2
YoY Gr. Rt. %--24.1%0.1%19.7%11%25.1%11.8%-15.4%55.7%30.9%-
BVPS (₹) 124.6135.6144.1157.8174.8192.5211.7227.7254.4288.4297.6
Adj Net Profit 6952.452.462.886.5108121102157207213
Cash Flow from Ops. 17590.3267208256155120280540285-
Debt/CF from Ops. 4.911.53.64.34.27.19.93.91.32-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 11.3%14.8%9%39.2%
Adj EPS 10.4%19.2%19.9%30.9%
BVPS 9.810.510.913.4
Share Price 21% 3.9% 41.3% -14.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 9.876.68.410.510.8118.61214.213.4
Op. Profit Mgn % 87.77.88.28.176.26.56.85.85.5
Net Profit Mgn % 2.31.71.82.12.22.221.92.82.72.6
Debt to Equity 1.61.81.51.31.11.110.90.50.40
Working Cap Days 911041221231141171111271249590
Cash Conv. Cycle 7482908371737387795634

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 13.40%

Net Profit is growing at healthy rate in last 3 years 19.89%

Debt to equity has declined versus last 3 years average to 0.38

Sales growth is good in last 4 quarters at 22.73%

Sales growth has been subdued in last 3 years 8.95%

Latest Financials - Surya Roshni Ltd.

Standalone Consolidated
TTM EPS (₹) 39.2 39.3
TTM Sales (₹ Cr.) 8,155 8,156
BVPS (₹.) 297.6 298.1
Reserves (₹ Cr.) 1,565 1,567
P/BV 1.60 1.59
PE 12.16 12.07
From the Market
52 Week Low / High (₹) 336.05 / 672.30
All Time Low / High (₹) 7.45 / 868.40
Market Cap (₹ Cr.) 2,592
Equity (₹ Cr.) 54.4
Face Value (₹) 10
Industry PE 33.4

Management X-Ray of Surya Roshni :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *21.349.069.069.059.059.059.059.069.050.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Surya Roshni

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Surya Roshni Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Surya Roshni on 25-Nov-2022 18:01 is : 476.3.
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 25-Nov-2022 18:01 the market cap of Surya Roshni stood at ₹ 2,591.5.
The latest PE ratio of Surya Roshni as of 25-Nov-2022 18:01 is 12.16.
The latest PB ratio of Surya Roshni as of 25-Nov-2022 18:01 is 1.60
The 52-week high of Surya Roshni is ₹ 672.3 and the 52-week low is ₹ 336.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Surya Roshni is ₹ 8,155 ( 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 company’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. Company’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-Company’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 plant’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
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