Sunflag Iron & Steel Company Ltd logo

Sunflag Iron & Steel Company Ltd

SUNFLAG NSE

Key Fundamentals

MicrocapIron & SteelMetals & Mining
Market Cap
₹6,528 Cr
Volatility
Moderate
P/E Ratio
31.48
EBITDA
₹468 Cr
Return on Equity
1.85%
Debt to Equity
0.06
Book Value
₹473.54
52W High
₹428
52W Low
₹192.15

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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29 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

3
  • Company is almost debt free.
  • Stock is trading at 0.73 times its book value
  • Market value of investments Rs.7,724 Cr. is more than the Market Cap Rs.6,501 Cr.

Weaknesses

2
  • Company has a low return on equity of 2.56% over last 3 years.
  • Dividend payout has been low at 5.75% of profits over last 3 years

Growth Rate

Revenue Growth
10.90% ↗
Net Income Growth
36.21% ↘
Cash Flow Change
-23.32% ↘
ROE
-33.45% ↘
ROCE
-36.46% ↘
EBITDA Margin (Avg.)
3.50% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 18d ago
AI opinion · based on fundamentals
Risk medium

Sunflag Iron & Steel has a market cap of Rs.6,506 Cr with a P/E of 31.9x and P/B of 0.76x. The company is virtually debt-free and its investment portfolio (Rs.7,724 Cr) exceeds its market capitalization, but return on equity has remained subdued at around 2-3% over recent years despite a 10-year stock CAGR of 29%.

Bull Case 8
  • Company is almost debt-free, reducing financial risk and interest burden significantly
  • Stock trades at 0.73x book value, well below asset replacement cost, indicating potential undervaluation on a balance sheet basis
  • Market value of investments at Rs.7,724 Cr exceeds the market cap of Rs.6,448 Cr, implying the core steel business is being valued at effectively zero or negative
  • 10-year stock price CAGR of 29% demonstrates sustained long-term wealth creation for shareholders
  • TTM sales growth of 11% shows revenue momentum recovering after a 3-year CAGR of just 4%
  • TTM profit growth of 28% indicates a sharp earnings recovery from the negative 3-year profit CAGR of -2%
  • 5-year compounded sales growth of 16% reflects reasonable top-line expansion through a full business cycle
  • 10-year compounded profit growth of 14% shows the company has been able to grow earnings meaningfully over longer periods despite cyclicality
Bear Case 7
  • Return on equity averaged just 2.56% over the last 3 years and was only 2% last year, indicating very poor capital efficiency
  • P/E of 31.9x is elevated for a steel company with sub-3% ROE, suggesting the stock prices in significant earnings improvement that may not materialize
  • Dividend payout of only 5.75% of profits over the last 3 years signals limited shareholder returns and low management confidence in distributing cash
  • Dividend yield of just 0.21% offers negligible income return to shareholders
  • 3-year compounded profit growth of -2% shows earnings actually declined over the medium term despite revenue growing at 4% CAGR
  • 3-year ROE of 3% and 5-year ROE of 4% suggest structurally low profitability rather than a temporary cyclical dip
  • Steel sector is inherently cyclical and capital-intensive, and the company's 10-year ROE of only 5% indicates it has not earned meaningfully above cost of capital even through up-cycles

This is AI-generated analysis, not financial advice. Do your own due diligence.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
784
858
854
919
895
866
892
883
1,023
973
942
1,001
1,079
Expenses
704
759
757
820
815
767
782
783
903
872
810
877
960
Operating Profit
80
99
97
99
80
98
110
100
120
101
132
124
119
OPM %
10%
12%
11%
11%
9%
11%
12%
11%
12%
10%
14%
12%
11%
Other Income
2
1
1
2
3
8
3
3
10
2
-6
3
13
Interest
24
23
26
24
21
25
22
22
21
17
17
18
14
Depreciation
26
26
26
26
26
26
26
26
27
27
31
28
30
PBT
33
51
47
51
35
55
66
55
82
59
78
81
88
Tax %
23%
25%
23%
17%
21%
26%
24%
22%
24%
23%
23%
58%
25%
Net Profit
26
39
36
43
28
41
50
43
63
46
60
34
66
EPS in Rs
1.43
2.15
2
2.38
1.55
2.26
2.78
2.4
3.47
2.53
3.33
1.9
3.66
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1,640
1,524
1,456
2,018
2,186
1,758
1,892
2,698
3,488
3,415
3,536
3,939
3,995
Expenses
1,471
1,346
1,311
1,782
1,949
1,588
1,638
2,300
3,043
3,040
3,146
3,463
3,519
Operating Profit
169
178
145
237
237
170
254
398
446
375
389
477
476
OPM %
10%
12%
10%
12%
11%
10%
13%
15%
13%
11%
11%
12%
12%
Other Income
5
9
8
17
11
11
11
5
1,201
8
17
9
12
Interest
71
65
35
35
39
41
29
42
81
97
90
72
66
Depreciation
51
36
33
34
38
46
70
76
81
103
104
113
116
PBT
52
86
85
184
172
94
166
285
1,485
183
212
301
307
Tax %
53%
35%
23%
30%
36%
2%
15%
24%
25%
22%
23%
33%
—
Net Profit
24
56
65
129
110
92
141
217
1,115
144
162
202
206
EPS in Rs
1.35
3.12
3.62
7.14
6.12
5.11
7.8
12.04
61.89
7.96
8.99
11.23
11.42
Div. Payout %
0%
0%
0%
7%
8%
0%
0%
0%
0%
0%
8%
9%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
185
180
180
180
180
180
180
180
180
180
180
180
Reserves
403
463
529
657
760
1,205
1,353
1,569
3,162
4,984
8,586
8,692
Borrowings
421
250
330
341
352
387
268
587
609
727
624
524
Other Liabilities
333
355
342
389
477
637
588
755
991
1,132
1,797
1,896
Total Liabilities
1,342
1,248
1,381
1,566
1,769
2,409
2,389
3,091
4,942
7,022
11,187
11,292
Fixed Assets
572
543
513
515
537
1,147
1,190
1,252
1,591
1,525
1,485
1,577
CWIP
29
26
69
130
202
233
173
373
193
281
297
214
Investments
4
7
9
9
12
11
16
17
1,726
3,642
7,779
7,692
Other Assets
736
671
791
913
1,019
1,019
1,011
1,449
1,432
1,574
1,626
1,809
Total Assets
1,342
1,248
1,381
1,566
1,769
2,409
2,389
3,091
4,942
7,022
11,187
11,292
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
78
236
-18
117
177
209
223
43
278
244
187
390
Investing
-4
-13
-33
-97
-141
-125
-60
-335
-219
-83
-87
-122
Financing
-71
-213
60
-41
-39
-79
-151
289
-63
21
-193
-188
Net Cash Flow
3
10
10
-20
-3
5
12
-3
-4
182
-93
81
Free Cash Flow
74
225
-48
21
46
67
170
-296
109
119
107
262
CFO/OP
52
143
2
73
99
137
107
29
141
85
64
98
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
42
53
62
55
48
46
41
37
33
37
37
31
Inventory Days
140
129
166
130
147
190
164
186
142
137
154
144
Days Payable
70
64
59
57
71
106
80
102
93
87
79
80
Cash Conversion Cycle
112
118
169
128
124
130
124
122
83
88
112
95
Working Capital Days
30
38
44
51
46
61
77
54
40
23
37
30
ROCE %
12%
16%
12%
20%
17%
9%
11%
16%
12%
6%
4%
4%

Shareholding Pattern

As of Jun 2026
Promoters 51.16%
Public 32.06%
Others 15.71%
FIIs 0.86%
DIIs 0.21%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
51.16%
51.16%
51.16%
51.16%
51.16%
51.16%
51.16%
51.16%
51.16%
51.16%
51.16%
51.16%
51.16%
51.16%
51.16%
51.16%
51.16%
51.16%
51.16%
51.16%
51.16%
51.16%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.80%
0.86%
0.89%
0.60%
0.48%
0.60%
0.65%
0.47%
0.54%
0.86%
DIIs
0.04%
0.04%
0.04%
0.04%
0.04%
0.04%
0.04%
0.04%
0.04%
0.05%
0.04%
0.06%
0.10%
0.11%
0.12%
0.14%
0.15%
0.19%
0.18%
0.17%
0.04%
0.21%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
33.35%
33.31%
33.80%
34.04%
34.02%
32.86%
33.52%
33.16%
32.12%
32.24%
32.36%
33.17%
33.48%
33.22%
32.91%
32.86%
32.94%
32.81%
32.90%
32.49%
32.62%
32.06%
Others
15.45%
15.49%
15.00%
14.76%
14.78%
15.94%
15.28%
15.64%
16.68%
16.55%
16.44%
15.61%
14.47%
14.66%
14.92%
15.24%
15.28%
15.25%
15.12%
15.72%
15.65%
15.71%
No. of Shareholders
62,072
71,246
70,974
74,491
72,601
66,081
66,555
63,974
61,232
60,136
66,897
67,612
66,392
65,359
66,811
65,542
63,596
63,231
64,003
56,631
56,098
55,328

Documents

Frequently Asked Questions about Sunflag Iron & Steel Company Ltd

What does Sunflag Iron & Steel Company Ltd do?
Sunflag Iron & Steel Company Ltd was established in 1984 & is a part of Sunflag Group, company started operations in 1989 as a spring steel producer however, at present the company manufactures mild-steel and alloy steel products of varieties like carbon steel, free & semi free cutting steels,etc...
Where is Sunflag Iron & Steel Company Ltd (SUNFLAG) listed?
Sunflag Iron & Steel Company Ltd is listed on the Indian stock exchanges. It is listed on NSE: SUNFLAG and BSE: 500404. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Sunflag Iron & Steel Company Ltd belong to?
Sunflag Iron & Steel Company Ltd operates in the Industrials sector within the Industrial Products industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Sunflag Iron & Steel Company Ltd?
Sunflag Iron & Steel Company Ltd has a market capitalisation of approximately ₹6527.55 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Sunflag Iron & Steel Company Ltd?
The Price-to-Earnings (PE) ratio of Sunflag Iron & Steel Company Ltd is 31.48. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Sunflag Iron & Steel Company Ltd?
Over the past 52 weeks, Sunflag Iron & Steel Company Ltd has traded between a low of ₹192.15 and a high of ₹428. This range helps investors understand the stock's price volatility and recent trading levels.
Does Sunflag Iron & Steel Company Ltd pay dividends?
Yes, Sunflag Iron & Steel Company Ltd has a dividend yield of 0.28%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Sunflag Iron & Steel Company Ltd?
Sunflag Iron & Steel Company Ltd has a Return on Equity (ROE) of 1.85%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Sunflag Iron & Steel Company Ltd on Tapetide?
On Tapetide, you can view Sunflag Iron & Steel Company Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Sunflag Iron & Steel Company Ltd was established in 1984 & is a part of Sunflag Group, company started operations in 1989 as a spring steel producer however, at present the company manufactures mild-steel and alloy steel products of varieties like carbon steel, free & semi free cutting steels,etc. [1]

Website sunflagsteel.com
Listed 2005-09-29
Face Value ₹ 10
Issued Size 18,02,19,448

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