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Suraj Products Ltd. Stock Analysis

Small Cap
Evaluated by 86 users | BSE: 518075 | NSE: |
Steel/Sponge Iron/Pig Iron
Suraj Products was established in the year 1991 as Champion Cement Industries. Subsequently in the year 2000, it was renamed to Suraj Products. The unit started its operations with a mini cement plant and subsequently in the year 2002 it diversified to sponge iron manufacturing and...

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 6.74%9.22%7.41%6.17%7.72%3.82%4.4%8.59%9.72%8.23%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 60.684.774.587.792.855.659.869.8116118
Y-o-Y Gr. Rt.-39.7%-12%17.7%5.9%-40.1%7.5%16.8%66.7%1.4%
Adjusted EPS (Rs.) 1.832.261.331.012.220.350.833.145.334.67
Y-o-Y Gr. Rt.-23.5%-41.2%-24.1%119.8%-84.2%137.1%278.3%69.8%-12.4%
Book Value per Share (Rs.) 25.1126.3227.0824.1125.4325.8126.5329.6735.1939.94
Adjusted Net Profit 1.11.30.81.22.50.413.66.15.3
Net Op. Cash Flow (Rs. Cr.) 1.5-1.1-4.31021.7-3.56.68.520-0.2
Debt to Cash Flow from Ops 14.9-20.15-10.333.390.83-7.016.846.023.19-486.61
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 Products Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 7.7%4.9%25.4%1.4%
Adjusted EPS 11%16%77.9%-12.4%
Book Value per Share 5.39.514.613.5
Share Price 2.6% -3.5% -1.8% 29.1%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 7.328.684.935.238.891.363.1811.1716.4212.42
Operating Profit Margin (%) 10.699.5911.098.779.278.488.7616.4912.0514.04
Net Profit Margin (%) 1.781.571.061.312.720.721.595.135.224.51
Debt to Equity 1.531.452.81.230.620.841.481.511.591.9
Working Capital Days 145128189172132196198193121155
Cash Conversion Cycle 99761181279413914813880100
Entity Percentage Holding
Promoters 73.70%
Non-Institutions 26.30%
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 Products Ltd.'s performance infers:

Suraj Products Ltd. earnings have grown by 16%, whereas share price has depreciated -3.5% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

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

Suraj Products Ltd. share price has depreciated -0.2% annually over the past ten years.

Suraj Products was established in the year 1991 as Champion Cement Industries. Subsequently in the year 2000, it was renamed to Suraj Products. The unit started its operations with a mini cement plant and subsequently in the year 2002 it diversified to sponge iron manufacturing and production of cement stopped. Today the installed capacity is 36,000 TPA. Subsequently, it set up a pig iron plant with an installed capacity of 24,000 TPA. The company seeks to provide the

Suraj Products was established in the year 1991 as Champion Cement Industries. Subsequently in the year 2000, it was renamed to Suraj Products. The unit started its operations with a mini cement plant and subsequently in the year 2002 it diversified to sponge iron manufacturing and production of cement stopped. Today the installed capacity is 36,000 TPA. Subsequently, it set up a pig iron plant with an installed capacity of 24,000 TPA. The company seeks to provide the ideal blend of technology, manpower and efficiency which places it in a unique position in terms of achievement of its goals and customer satisfaction.

The growth of the unit has resulted in the creation of numerous job opportunities in the area and the company strives towards furthering its contribution to the state & country.

Suraj Products is situated in the Sundargarh district of Orissa. The following are some basic facts about the company - the total capacity is 36,000 TPA for sponge and about 24,000 TPA for pig iron, the factory is situated at a distance of 30 km from the famous Rourkela Steel Plant, the factory is part of industrial hub famous for sponge iron & induction furnace plants and it is well connected by roads and railways.

The supply chain starts right from purchase of the iron ore, coal, coke, etc. to delivery of the finished product (sponge iron & pig iron) to the customers. The service by nature is customer centric with the intention of delivering the maximum value to the customer in the most cost effective and efficient manner. As the factory is a part of local industrial hub of induction furnaces, it caters finished product as raw material to local steel makers apart from Raigarh, Raipur, Ramgarh, Patna, Mandi Gobindgarh etc.

Suraj Products is one of the first companies to install Electro-Static Precipitator (ESP) with dry in 2004 as pollution control device on 50 TPD sponge iron kilns and later it becomes norm & trend in the industry.

The registered office is located at Barpali village, PO: Kesaramal (Rajgangpur), Sundargarh district, Odisha, Pin Code: 770017.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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