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Suraj Ltd - Stock Valuation and Financial Performance

BSE: 531638 | NSE: SURAJLTD | Steel & Iron Products | Small Cap

Suraj Share Price

380.50 -18.50 -4.64%
as on 20-Jun'25 16:59

DeciZen - make an informed investing decision on Suraj

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Suraj stock performance -

mw4me loader
P/E Ratio (SA):
59.69
Market Cap:
698.8 Cr.
52-wk low:
220.1
52-wk high:
530.4

Is Suraj Ltd an attractive stock to invest in?

1. Is Suraj Ltd a good quality company?

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

2. Is Suraj Ltd undervalued or overvalued?

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

3. Is Suraj Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Suraj 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 Suraj:

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.
Suraj 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 % 4.8%4.9%5.3%5.9%6.7%6.8%7.5%25.9%23.9%12.4%-
Value Creation
Index
-0.7-0.7-0.6-0.6-0.5-0.5-0.50.90.7-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 154196207179176188344367331234234
Sales YoY Gr.-27.9%5.5%-13.3%-2.1%7.2%82.5%6.7%-9.8%-29.3%-
Adj EPS 0.80.1-1.10.80.2-0.3-0.38.9104.86.4
YoY Gr.--94%-2340%NA-82.1%-320%NANA12.9%-51.7%-
BVPS (₹) 44.544.244.445.145.646.347.956.566.371.171.1
Adj Net
Profit
1.60.1-2.21.60.3-0.6-0.516.318.48.912
Cash Flow from Ops. 9.615.914.526.330.532.533.344.640.8-9-
Debt/CF from Ops. 12.77.37.73.82.71.71.10.50.8-7.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 4.8%5.9%-12.1%-29.3%
Adj EPS 21.6%100.3%NA-51.7%
BVPS5.4%9.3%14.1%7.3%
Share Price 21.6% 73.3% 77.3% 60.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
1.90.1-2.51.90.3-0.7-0.516.616.379
Op. Profit
Mgn %
11.97.96.3109.87.23.69.511.912.112.1
Net Profit
Mgn %
1.10.1-10.90.2-0.3-0.14.45.63.85
Debt to
Equity
1.41.41.31.10.90.60.40.20.30.50
Working Cap
Days
334266270289278242120969516082
Cash Conv.
Cycle
3002252142342181818161559016

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 9.00%

Sales growth has been subdued in last 3 years -12.06%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -29.07%

Latest Financials - Suraj Ltd.

Standalone Consolidated
TTM EPS (₹) 6.4 7.3
TTM Sales (₹ Cr.) 234 234
BVPS (₹.) 71.1 72.4
Reserves (₹ Cr.) 112 115
P/BV 5.35 5.25
PE 59.69 52.52
From the Market
52 Week Low / High (₹) 220.05 / 530.40
All Time Low / High (₹) 0.43 / 530.40
Market Cap (₹ Cr.) 699
Equity (₹ Cr.) 18.4
Face Value (₹) 10
Industry PE 23.3

Management X-Ray of Suraj:

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 (%)

Event Update

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Analyst's Notes

No data found!

Key Ratios of Suraj

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
Sales153196207179176188344367331234
Operating Expenses 137181194162159175331332291205
Manufacturing Costs9121614151432373131
Material Costs107149147131124145280269228144
Employee Cost 9111111141214172222
Other Costs 1182156468108
Operating Profit 17161318171412353928
Operating Profit Margin (%) 10.8%7.9%6.3%9.8%9.8%7.2%3.6%9.5%11.9%12.1%
Other Income 1140145634
Interest 10910101096445
Depreciation 76677778911
Exceptional Items 0000000000
Profit Before Tax 1111225293017
Tax 0010112895
Profit After Tax 0001113202112
PAT Margin (%) 0.3%0.2%0.2%0.8%0.6%0.7%0.9%5.5%6.2%5.0%
Adjusted EPS (₹)0.20.20.20.70.50.71.611.011.36.4
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%13%24%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 86858687888992104122131
Share Capital 19191919191919181818
Reserves 6666666869707385103112
Minority Interest0000000000
Debt12211611299815635223464
Long Term Debt0000000000
Short Term Debt12211611299815635223464
Trade Payables2178612162151412
Others Liabilities 61087889151613
Total Liabilities 216229213198188169158146185220

Fixed Assets

Gross Block152152157159163165172190224238
Accumulated Depreciation849096103109116123131139149
Net Fixed Assets68636157544949608589
CWIP 0300000000
Investments 000000001313
Inventories101998884937761282452
Trade Receivables33424231222528333433
Cash Equivalents 5545301100
Others Assets8171822171719242833
Total Assets 216229213198188169158146185220

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity 101614263133334541-9
PBT 1111225293017
Adjustment 15141617161513121214
Changes in Working Capital -32-291316171311-37
Tax Paid -30-1-1-1-1-1-8-13-3
Cash Flow From Investing Activity 5-2-1-2-4-2-7-19-47-14
Capex -2-3-2-2-4-2-7-19-34-14
Net Investments 00000000-130
Others 6100000000
Cash Flow From Financing Activity -14-13-14-23-28-34-26-26623
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -8-8-10-10-10-9-6-4-3-5
Dividend Paid -30000000-3-3
Others -3-6-5-13-18-25-20-221230
Net Cash Flow 00-11-1-30000
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)0.460.50.451.631.111.553.3120.5418.339.28
ROCE (%)4.754.95.265.946.76.847.4925.8523.8912.35
Asset Turnover Ratio0.710.930.940.870.911.062.112.4221.15
PAT to CFO Conversion(x)N/AN/AN/A263133112.251.95-0.75
Working Capital Days
Receivable Days69677474544528313752
Inventory Days24417716517518416573442960
Payable Days16233119263524181533

Suraj Ltd Stock News

Suraj Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Suraj on 20-Jun-2025 16:59 is ₹380.5.
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 20-Jun-2025 16:59 the market cap of Suraj stood at ₹698.8.
The latest P/E ratio of Suraj as of 20-Jun-2025 16:59 is 59.69.
The latest P/B ratio of Suraj as of 20-Jun-2025 16:59 is 5.35.
The 52-week high of Suraj is ₹530.4 and the 52-week low is ₹220.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Suraj is ₹233.7 ( Cr.) .

About Suraj Ltd

Suraj, earlier known as Suraj Stainless, a Suraj Group company, was founded by Tarachand Balaji Shah in 1960. Suraj Group established has spearheaded the mini-revolution with the aim to be one of the market leaders in the country. In 2011 company changed its name from Suraj Stainless Ltd to Suraj Ltd.

The company manufactures Stainless Steel Seamless & Welded Pipes, Tubes & ‘U’ Tubes are manufactured and tested to international Standards, under strict supervision of highly qualified and experienced technocrats, to satisfy and meet the most critical demands of reputed industrial users for various applications, sizes, grades and specifications as per ASTM and also conforming other international GradeStandards Equivalent to ASME, DIN, NFA, JIS, etc.

Suraj Stainless specialises in tubing for Heat exchangers, Heater, Condensers, Heating Elements and Instrumentation with facility of annealed, pickled, cold rolled and weld bead removed tubes upto 22-meters long tubes.  Suraj Stainless is a Govt. of India recognized Export House and is selling its premium products in India and abroad to more than 53 countries in all over the world.

All products of Suraj Stainless Ltd.' have to meet a very high standard, set by stringent quality specifications and norms. All process parameters and conditions are developed and constantly monitored throughout the entire manufacturing process.

A quality system to ISO 9001 : 2000 , AD 2000 – Merkblatt / WO , and PED – 97 /23/EC as outlined in this manual has been developed and implemented to ensure that all the customer requirements is satisfied. The quality system is applicable to all departments and all activities undertaken by the company for manufacturing of Stainless Steel Seamless/Welded Pipes, Tubes and ‘U’ Tubes.

In 2010 commenced Production of Large Diameter Fusion Welded Pipes to Specification ASTM A-358. A-409, A-779, A-928

Product range of the company includes:

Seamless ferritic and austenitic alloy steel boiler, super heater and heat Exchanger tubes

The company is specialized in tubing for equipment like

- Heat Exchanger- Heating Elements- Surface Condensers- Evaporators- Digesters- Instrumentation and Fluid Pipings.

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