Sunflag Iron And Steel Company Ltd (SUNFLAG) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 500404 | NSE: SUNFLAG | Steel & Iron Products | Small Cap

Sunflag Iron & Steel Share Price

253.65 1.80 0.71%
as on 05-Dec'25 15:23

Sunflag Iron And Steel Company Ltd (SUNFLAG) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 500404 | NSE: SUNFLAG | Steel & Iron Products | Small Cap

DeciZen - make an informed investing decision on Sunflag Iron & Steel

Based on:

Overall Rating
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1. Quality


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2. Valuation


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3. Price Trend


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Sunflag Iron And Steel Company stock performance -

Key Ratios
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P/E Ratio (SA):
22.60
Market Cap:
4,538.8 Cr.
52-wk low:
196.1
52-wk high:
322

Is Sunflag Iron And Steel Company Ltd an attractive stock to invest in?


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10 Year X-Ray of Sunflag Iron & Steel: 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
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.
Sunflag Iron And Steel Company 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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 16.1%12.5%19.9%17.1%10.3%13.8%19.8%57.7%6.2%4.2%-
Value Creation
Index
0.2-0.10.40.2-0.30.00.43.1-0.6-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,5901,5162,0742,1861,7581,8922,6983,4883,4153,5363,761
Sales YoY Gr.--4.6%36.8%5.4%-19.6%7.6%42.7%29.3%-2.1%3.5%-
Adj EPS 3.13.67.165.17.612.215.87.99.211.1
YoY Gr.-17.4%95.1%-15.8%-15.6%50.7%60.7%29.3%-50.2%16.8%-
BVPS (₹) 35.739.346.452.256.864.977.6164265.9466.8454.3
Adj Net
Profit
55.865.612810891.1137220285142166201
Cash Flow from Ops. 236-21.494.817720822343.2278244187-
Debt/CF from Ops. 1-15.23.621.60.912.122.73-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 9.3%15%9.4%3.5%
Adj EPS 12.8%12.7%-9.1%16.8%
BVPS33.1%52.4%81.9%75.5%
Share Price 27.2% 33.3% 37.3% 17.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
9.19.716.612.17.89.413.511.33.42.42.4
Op. Profit
Mgn %
11.29.711.410.99.713.514.913.11111.211.2
Net Profit
Mgn %
3.54.36.24.95.27.38.28.24.24.75.3
Debt to
Equity
0.40.50.40.40.30.20.40.20.10.10
Working Cap
Days
13514413815219618415713913813977
Cash Conv.
Cycle
8710193100118928481949625

Recent Performance Summary

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Latest Financials - Sunflag Iron And Steel Company Ltd.

Standalone Consolidated
TTM EPS (₹) 11.1 11.2
TTM Sales (₹ Cr.) 3,761 3,761
BVPS (₹.) 454.3 455.2
Reserves (₹ Cr.) 8,006 8,023
P/BV 0.55 0.55
PE 22.60 22.52
From the Market
52 Week Low / High (₹) 196.10 / 322.00
All Time Low / High (₹) 1.60 / 322.00
Market Cap (₹ Cr.) 4,539
Equity (₹ Cr.) 180.2
Face Value (₹) 10
Industry PE 22.7

Management X-Ray of Sunflag Iron & Steel:

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 (%)

Valuation of Sunflag Iron & Steel - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Event Update

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Analyst's Notes

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Key Ratios of Sunflag Iron & Steel

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales1,5901,5162,0742,1861,7581,8922,6983,4883,4153,536
Operating Expenses 1,4121,3711,8381,9481,5881,6442,3013,0433,0403,146
Manufacturing Costs396254327357313233429546550627
Material Costs7438621,2191,3731,0791,2101,6412,2242,2152,208
Employee Cost 9894103102979298108121137
Other Costs 17416118911799109133165155174
Operating Profit 178145237238171247397446375389
Operating Profit Margin (%) 11.2%9.6%11.4%10.9%9.7%13.1%14.7%12.8%11.0%11.0%
Other Income 981711111167616
Interest 65353539412942819790
Depreciation 3633343846707681103104
Exceptional Items 00000001,19300
Profit Before Tax 8785184172941592841,484181211
Tax 30205562225683704050
Profit After Tax 5765129111931342161,114142162
PAT Margin (%) 3.6%4.3%6.2%5.1%5.3%7.1%8.0%31.9%4.1%4.6%
Adjusted EPS (₹)3.23.67.16.15.17.412.061.87.99.0
Dividend Payout Ratio (%)0%0%7%8%0%0%0%0%0%8%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund 6437088379401,3871,5211,7363,3295,1488,750
Share Capital 180180180180180180180180180180
Reserves 4635286577601,2061,3411,5563,1484,9688,570
Minority Interest0000000000
Debt169309303314263161462416553443
Long Term Debt58438350119129189377258161
Short Term Debt1122652212641433127439295282
Trade Payables156141189267315266457564525478
Others Liabilities 2742172312424404244166147741,493
Total Liabilities 1,2431,3741,5611,7632,4042,3713,0724,9237,00111,165

Fixed Assets

Gross Block1,3031,3051,3311,3902,0451,3041,4431,8631,8991,963
Accumulated Depreciation761794818855900116193273376480
Net Fixed Assets 5425115135351,1451,1881,2501,5901,5231,483
CWIP 446108179210150350170258274
Investments 101212151514141,7223,6477,784
Inventories315391433552563544837866833931
Trade Receivables220249302286222210276315346362
Cash Equivalents 64755458526966117252157
Others Assets 8890140139199196278143142175
Total Assets 1,2431,3741,5611,7632,4042,3713,0724,9237,00111,165

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity 236-219517720822343278244187
PBT 8785184172941592841,484181211
Adjustment 10265688383105121-1,033196186
Changes in Working Capital 66-152-103-20547-288176-58-148
Tax Paid -18-19-55-58-23-48-74-349-75-62
Cash Flow From Investing Activity -13-28-92-142-126-60-335-219-83-87
Capex -12-30-97-131-142-54-339-168-125-80
Net Investments -1-20-1010-120-5537-23
Others 05507634616
Cash Flow From Financing Activity -21360-25-38-79-151289-6321-193
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -62-1455-3295-677255-134-87
Interest Paid -65-35-35-39-37-23-36-75-91-84
Dividend Paid 000-9-900000
Others -86110-4541-128-122248-243247-22
Net Cash Flow 1011-21-3412-3-5182-93

Finance Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)9.269.6516.6512.449.4312.1716.8551.193.662.45
ROCE (%)16.0512.4819.917.1410.2913.8319.8157.736.214.17
Asset Turnover Ratio1.391.311.451.340.880.8110.890.590.4
PAT to CFO Conversion(x)4.14-0.320.741.592.241.660.20.251.721.15
Working Capital Days
Receivable Days42504748514133303435
Inventory Days7275718111110593878988
Payable Days50393642657264504239

Sunflag Iron And Steel Company Ltd Stock News

Sunflag Iron And Steel Company Ltd FAQs

The current trading price of Sunflag Iron & Steel on 05-Dec-2025 15:23 is ₹253.7.
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 04-Dec-2025 the market cap of Sunflag Iron & Steel stood at ₹4,538.8.
The latest P/E ratio of Sunflag Iron & Steel as of 04-Dec-2025 is 22.60.
The latest P/B ratio of Sunflag Iron & Steel as of 04-Dec-2025 is 0.55.
The 52-week high of Sunflag Iron & Steel is ₹322.0 and the 52-week low is ₹196.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sunflag Iron & Steel is ₹3,761 ( Cr.) .

About Sunflag Iron And Steel Company Ltd

Sunflag Iron and Steel Company is a prestigious unit of the Sun Flag Group incepted in 1989. It has set up a state-of-art integrated plant at Bhandara, India. The plant has a capacity to produce 200,000 tonnes per annum of high quality special steel using iron ore and non coking coal as basic inputs.

The plant comprises a 1,50,000 tonnes per annum Direct Reduction Plant, to produce sponge iron for captive consumption in the Steel Melting Shop. This shop comprises a 50/60 tonnes ultra high power Electric Are Furnace with Eccentric bottom arrangement; a Ladle auto mould level controller and electromagnetic stirrer. The billets produced at the steel melting shop are rolled at the Mannesmann Demag Designed ultra modern 18 stand Continous mill.This mill has a walking hearth reheating furnace, quick roll-changing facilities, a 65 metres long walk and wait type modern cooling bed and above all computerised process control linking and controlling the various stages.

Within a short period of its inception, Sunflag Steel has established itself as a major global force. This modern complex pulsating with world-class technology, expert human resources and a commitment to excellence, has created a distinct niche in spring steel and attained the position of market leader in the segment. Today Sunflag Steel has also embarked on an export thrust and is regularly receiving prestigious orders from Japan and many other Far East, Afro-Asian and Middle-East countries.

The ASM commenced production in the year 1997, enabling Sunflag to expand its product range upto 90 mm dia Rounds; 75 mm RCS and upto 120x25 mm Flats. Production capacity of rolled product is also enchanced by 60, 000 MT. per annum. In order to save energy, a captive power plant of 15 MW capacity has already been comissioned using waste gases.

In 2010 Company  entered into a technological pact with Japanese steel firm Daido Steel.

Product range of the company:

Sunflag Steel is accredited with the ISO-9002 Quality mark, backed up with sound management practices and a highly motivated team. It is a small wonder the Sunflag products are exported to a number of countries.

  • Flats - Spring steel that goes into the automobile and railway suspension. The grades include Silico Manganese, Chrome, Vanadium steel. In   specifications like: DIN, SAE/AISI, BS The sizes from 44 mm wide to 120 mm wide; and 5mm  to 25mm thick.
  • Rounds- In carbon, free-cutting, spring and alloy steels. In specifications like: DIN, SAE/AISI, BS et cetera. In sizes from 15 mm to 90 mm in diameter. For the forging, automobile, spring industries.
  • Round Cornered Squares (RCS)- In carbon, free-cutting and alloy steels. In specifications like: DIN, SAE/AISI, BS et cetera. In sizes from 45x45 mm to 90x90 mm. For the forging, automobile industries.

Production Units:

Sunflag Steel uses the (Sponge iron + Liquid Pig Iron)--Electric arc furnace--Ladle heating furnace--New Continuous casting machine--Rolling mills route, backed up by the state-of-the-art technology and computerized process control.

  • Sintering Plant (SINTER)-  A 33 M2 sinter plant, designed by Beijing Sino-Steel industry & trade Group Corp.(SSIT) and Jiangsu Province Metallurgical Designing Institute (JSMDI) Co. Ltd. The technology of it is based on principle of economical, applicable safe and operational. The annual production is expected to be 4,70,000 Tonnes.  
  • Mini Blast Furnace (MBF)- A Blast furnace of working volume 350 M3 designed by MECON Ltd. to produce 2,30,000 MT / annum of basic grade hot metal has been installed and sucessfully commissioned. The hot metal is mainly used in the steel melting shop as a raw material and surplus hot metal poured in pig casting machine. The Pig casting machine is designed by KBS Paramount & capacity 800 Tonnes per day (TPD). The Blast furnace gas is used for stoves heating, heating of preheating furnace of bar and section mill, heating of boiler, sinter plant. Slag which is a byproduct is mainly sold to cement plants.  
  • Direct Reduction Plant (DRP)- Based on Krupp's Codir process. The DRP can produce 150,000 tones per year of Sponge iron from iron ore and coal. Additionally, the flue gases help generate 30 MW of electric power.
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