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Sunflag Iron And Steel Company Ltd (SUNFLAG)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500404 NSE: SUNFLAG Steel & Iron Products | Small Cap | Sunflag Iron & Steel Share Price

₹349.65 -2.30 (-0.65%)

As on 06-Jul'26 09:56

Sunflag Iron And Steel Company Ltd (SUNFLAG)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500404 NSE: SUNFLAG Steel & Iron Products | Small Cap | Sunflag Iron & Steel Share Price

₹349.65 -2.30 (-0.65%)

As on 06-Jul'26 09:56

Key Metrics
Valuation Multiples
Market Cap
₹6,343 Cr.
Current Price
₹349.7
52-Week Low / High
₹192 / 428
TTM EPS
₹11.1
TTM Sales
₹3,939 Cr.
Book Value per Share
₹473.7
P/E Ratio
31.61
Higher than its 5-year historical median
Industry PE
24.4
Price to Book (P/B)
0.74
Lower than its 5-year historical median
Price to Sales (P/S)
1.61
Higher than its 5-year historical median
EV/EBITDA
13.35
Higher than its 5-year historical median
Dividend Yield
0.21%
Profitability Efficiency
Return on Equity (ROE)
2.45%
Underperforms industry median
Return on Capital Employed (ROCE)
4.17%
Underperforms industry median
Return on Assets (ROA)
1.78%
Operating Profit Margin
11.2%
Net Profit Margin
4.57%
Gross Profit Margin
8.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
3.52%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
3.8%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
14.22%
Asset Quality
Promoter Holding
51.16%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹8,356 Cr.
Equity
₹180.2 Cr.
Face Value
₹10
All Time Low / High
₹1.60 / 427.90

Sunflag Iron And Steel Company stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Sunflag Iron And Steel Company Ltd a good quality company?
Sunflag Iron And Steel Company Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Sunflag Iron And Steel Company Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Sunflag Iron And Steel Company Ltd vs industry peers?
Sunflag Iron And Steel Company Ltd revenue CAGR is 15.00%, compared to the industry median CAGR of 7.56%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Sunflag Iron And Steel Company Ltd?
Promoters hold 51.16% of the Sunflag Iron And Steel Company Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Sunflag Iron And Steel Company Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 30.4% based on the current price.

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)

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

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

Sales 1,5901,5162,0742,1861,7581,8922,6983,4883,4153,5363,939
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 (₹) 35.739.346.452.256.864.977.6164265.9466.8473.7
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

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 30.1% 34.1% 23% 13.6%

Key Financial Parameters

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 %
11.29.711.410.99.713.514.913.11111.211.9
Net Profit
Mgn %
3.54.36.24.95.27.38.28.24.24.75.1
Debt to
Equity
0.40.50.40.40.30.20.40.20.10.10
Working Cap
Days
13514413815219618415713913813976
Cash Conv.
Cycle
8710193100118928481949624

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
Exceptional Items 00000001,19300
Interest 65353539412942819790
Depreciation 3633343846707681103104
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%4.2%4.6%
Adjusted EPS (₹)3.23.67.16.15.17.412.061.87.99.0
Dividend Payout Ratio (%)0%0%7%8.20%0%0%0%0%0%8.40%

Valuation of Sunflag Iron & Steel - Standalone

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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Analyst's Notes

data not found
No data found!

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
Debt +169309303314263161462416553443
Long Term Debt58438350119129189377258161
Short Term Debt1122652212641433127439295282
Minority Interest0000000000
Trade Payables156141189267315266457564525478
Others Liabilities 2742172312424404244166147741,493
Total Liabilities 1,2431,3741,5611,7632,4042,3713,0724,9237,00111,165

Fixed Assets

Net Fixed Assets +5425115135351,1451,1881,2501,5901,5231,483
Gross Block1,3031,3051,3311,3902,0451,3041,4431,8631,8991,963
Accumulated Depreciation761794818855900116193273376480
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

Financial 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 Days41.705047.2048.1050.704132.7030.3034.5035.40
Inventory Days72.2075.2070.7080.60111.40105.1092.7087.3088.5088.10
Payable Days49.8038.8036.2041.9065.3072.1063.9050.2041.8039.10

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Sunflag Iron And Steel Company Ltd FAQs

The current trading price of Sunflag Iron & Steel on 06-Jul-2026 09:56 is ₹349.6.

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 05-Jul-2026 the market cap of Sunflag Iron & Steel stood at ₹6,342.8 Cr

The latest P/E ratio of Sunflag Iron & Steel as of 05-Jul-2026 is 31.61.

The latest P/B ratio of Sunflag Iron & Steel as of 05-Jul-2026 is 0.74.

The 52-week high of Sunflag Iron & Steel is ₹427.9 and the 52-week low is ₹191.8.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sunflag Iron & Steel is ₹3,939 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Sunflag Iron And Steel Company Ltd is a average quality company.

The key valuation ratios of Sunflag Iron And Steel Company Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

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

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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