Suraj Products Ltd Stock Analysis

BSE: 518075 | NSE: | Steel/Sponge Iron/Pig Iron | Small Cap

BSE Share Price Aug 19, 18:03
92.70 2.50 (2.77%)

DeciZen - Make an Informed Decision on Suraj Products

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

1. Quality

2. Valuation

Fair

3. Price Trend

Suraj Products Price Chart

P/E Ratio (SA) :
4.46
Market Cap :
102.8 Cr.
52-wk low :
60.8
52-wk high :
157.4
Bole Toh?

1. Is Suraj Products Ltd a good quality company?

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

2. Is Suraj Products Ltd undervalued or overvalued?

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

3. Is Suraj Products Ltd a good buy now?

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

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 Products Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 9.2%7.4%6.2%7.7%3.8%4.4%8.6%9.7%8.3%11.2%-
Value Creation Index -0.3-0.5-0.6-0.5-0.7-0.7-0.4-0.3-0.4-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 84.774.587.792.855.659.869.8116118218241
YoY Gr. Rt. %--12%17.7%5.9%-40.1%7.5%16.8%66.7%1.4%84.5%-
Adj EPS 2.31.312.20.40.83.15.34.7820.2
YoY Gr. Rt. %--41.2%-24.1%119.8%-84.2%137.1%278.3%69.8%-12.4%71.7%-
BVPS (₹) 26.327.124.125.425.826.529.735.239.948.174.2
Adj Net Profit 1.30.81.22.50.413.66.15.39.123
Cash Flow from Ops. -1.1-4.31021.7-3.56.68.520-0.333.5-
Debt/CF from Ops. -20.2-10.33.40.8-76.863.2-334.91.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 11.1%31.4%46.1%84.5%
Adj EPS 15.1%87.1%36.7%71.7%
BVPS 6.913.317.520.4
Share Price 19.8% 45.4% 92.3% 25%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 8.74.95.28.91.43.211.216.412.418.233.1
Op. Profit Mgn % 9.611.18.89.38.58.816.512.11414.217.1
Net Profit Mgn % 1.61.11.32.70.71.65.15.24.54.29.6
Debt to Equity 1.52.81.20.60.81.51.51.61.91.2-
Working Cap Days 128189172132196198193121155930
Cash Conv. Cycle 761181279413914813880100620

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 33.10%

Sales growth is growing at healthy rate in last 3 years 46.10%

Net Profit is growing at healthy rate in last 3 years 36.69%

Debt to equity has declined versus last 3 years average to 1.18

Sales growth is not so good in last 4 quarters at 1.80%

Latest Financials - Suraj Products Ltd.

Standalone Consolidated
TTM EPS (₹) 20.2 -
TTM Sales (₹ Cr.) 241 -
BVPS (₹.) 74.2 -
Reserves (₹ Cr.) 73 -
P/BV 1.22 -
PE 4.46 -
From the Market
52 Week Low / High (₹) 60.75 / 157.40
All Time Low / High (₹) 2.00 / 157.40
Market Cap (₹ Cr.) 103
Equity (₹ Cr.) 11.4
Face Value (₹) 10
Industry PE 3.7

Management X-Ray of Suraj Products :

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

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Key Ratios of Suraj Products

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

About Suraj Products Ltd

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.

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