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Suraj Ltd Stock Analysis

Small Cap
Evaluated by 66 users | BSE: 531638 | NSE: |
Steel & Iron Products
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...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 8.96%9.58%9%8.56%6.67%3.91%3.24%2.26%4.66%4.63%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 238249266238248154196207179176
Y-o-Y Gr. Rt.-4.5%6.7%-10.4%4.3%-38.2%27.9%5.5%-13.3%-2.1%
Adjusted EPS (Rs.) 3.253.394.15.193.540.830.05-1.120.840.53
Y-o-Y Gr. Rt.-4.3%20.9%26.6%-31.8%-76.6%-94%-2340%NA-36.9%
Book Value per Share (Rs.) 38.9540.4642.4242.5844.2644.4644.244.3945.1145.56
Adjusted Net Profit 6.36.57.9106.81.60.1-2.21.61
Net Op. Cash Flow (Rs. Cr.) 14.3-5.818.63019.615.914.526.330.5
Debt to Cash Flow from Ops 8.26-22.917.124.03132.212.687.347.713.752.65
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Suraj Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -3.3%-6.7%-3.6%-2.1%
Adjusted EPS -18.3%-31.6%119.7%-36.9%
Book Value per Share 1.80.611
Share Price -6.1% -8.5% -13.9% 37%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 8.538.539.912.228.161.880.12-2.521.891.16
Operating Profit Margin (%) 13.7913.7913.951510.3411.97.96.289.969.77
Net Profit Margin (%) 2.632.622.984.22.751.050.05-1.040.910.58
Debt to Equity 1.571.711.621.481.521.421.371.31.130.92
Working Capital Days 137168182204204334266270289278
Cash Conversion Cycle 119149157172175300225214234218
Entity Percentage Holding
Promoters 74.70%
Institutions 0.35%
Non-Institutions 24.95%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Suraj Ltd's performance infers:

Suraj Ltd earnings have declined by -31.6%, whereas share price has depreciated -8.5% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Suraj Ltd share prices over the last 10 years. Here is what we found out:

Suraj Ltd share price has depreciated -6.9% annually over the past ten years.

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

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.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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