Suraj Ltd - Stock Valuation and Financial Performance

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

Suraj Ltd Share Price

241.55 0.00 0.00%
as on 22-Feb'24 09:31

DeciZen - make an informed investing decision on Suraj

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Suraj stock performance -

mw4me loader
P/E Ratio (SA):
16.03
Market Cap:
443.6 Cr.
52-wk low:
65.5
52-wk high:
251

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 Weak which suggest that the price of Suraj Ltd is likely to Fall 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 8.6%6.7%3.9%3.2%2.3%4.7%4.2%3.5%2.5%15.1%-
Value Creation
Index
-0.4-0.5-0.7-0.8-0.8-0.7-0.7-0.8-0.80.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 238248154196207179176188344367337
Sales YoY Gr.-4.3%-38.2%27.9%5.5%-13.3%-2.1%7.2%82.5%6.7%-
Adj EPS 5.23.50.80.1-1.10.80.2-0.3-0.38.915.1
YoY Gr.--31.8%-76.6%-94%-2340%NA-82.1%-320%NANA-
BVPS (₹) 42.644.344.544.244.445.145.646.347.956.564.7
Adj Net
Profit
106.81.60.1-2.21.60.3-0.6-0.516.328
Cash Flow from Ops. 3019.615.914.526.330.532.533.344.6-
Debt/CF from Ops. 4132.212.77.37.73.82.71.71.10.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 4.9%12.1%27.8%6.7%
Adj EPS 6.1%NA289.3%NA
BVPS3.2%4.9%7.4%18.1%
Share Price 22.1% 44.1% 101.2% 260%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
12.28.21.90.1-2.51.90.3-0.7-0.516.624.9
Op. Profit
Mgn %
1510.311.97.96.3109.87.23.69.514.2
Net Profit
Mgn %
4.22.81.10.1-10.90.2-0.3-0.14.48.2
Debt to
Equity
1.51.51.41.41.31.10.90.60.40.2-
Working Cap
Days
2042043342662702892782421209654
Cash Conv.
Cycle
172175300225214234218181816121

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 24.90%

Sales growth is growing at healthy rate in last 3 years 27.79%

Net Profit is growing at healthy rate in last 3 years 289.30%

Sales growth is not so good in last 4 quarters at -14.69%

Latest Financials - Suraj Ltd.

Standalone Consolidated
TTM EPS (₹) 15.1 0.8
TTM Sales (₹ Cr.) 337 182
BVPS (₹.) 64.7 0
Reserves (₹ Cr.) 100 101
P/BV 3.74 0.00
PE 16.03 313.49
From the Market
52 Week Low / High (₹) 65.45 / 251.00
All Time Low / High (₹) 0.43 / 296.75
Market Cap (₹ Cr.) 444
Equity (₹ Cr.) 18.4
Face Value (₹) 10
Industry PE 24.9

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

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Balance Sheet

(All Figures are in Crores.)

Profit And Loss

(All Figures in Cr. Adjusted EPS in Rs.)

Cash Flow

(All Figures are in Crores.)

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 22-Feb-2024 09:31 is ₹241.6.
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 22-Feb-2024 09:31 the market cap of Suraj stood at ₹443.6.
The latest P/E ratio of Suraj as of 22-Feb-2024 09:31 is 16.03.
The latest P/B ratio of Suraj as of 22-Feb-2024 09:31 is 3.74.
The 52-week high of Suraj is ₹251.0 and the 52-week low is ₹65.45.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Suraj is ₹336.9 ( 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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