Surya Roshni Ltd logo

Surya Roshni Ltd

SURYAROSNI NSE

Key Fundamentals

MicrocapIron & Steel ProductsIndustrial Products
Market Cap
₹5,464 Cr
Volatility
Moderate
P/E Ratio
19.2
EBITDA
₹487 Cr
Return on Equity
14.06%
Debt to Equity
0.03
Book Value
₹121.01
EPS
₹33.31
52W High
₹327.95
52W Low
₹187.35

Insights

Beta

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

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44 extracted metrics + investor summaries across FY12–FY26.

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Tapetide Score

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

Technical Indicators

Key Insights

Strengths

2
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 29.7%

Weaknesses

2
  • The company has delivered a poor sales growth of 6.28% over past five years.
  • Company has a low return on equity of 13.9% over last 3 years.

Growth Rate

Revenue Growth
1.00% ↘
Net Income Growth
-20.51% ↘
Cash Flow Change
-27.73% ↘
ROE
-7.44% ↘
ROCE
-8.18% ↘
EBITDA Margin (Avg.)
-21.32% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 33d ago
AI opinion · based on fundamentals
Risk medium

Surya Roshni Ltd trades at a market cap of ₹5,793 Cr with a PE of 20x and near-zero debt. The company has delivered strong long-term profit CAGR of 16% over 10 years but faces recent headwinds with TTM profit declining 17% and sales growth stalling at 1% TTM.

Bull Case 7
  • Company is almost debt-free, providing significant financial flexibility and low interest burden
  • 10-year compounded profit growth of 16% demonstrates long-term earnings power
  • 10-year stock CAGR of 20% reflects sustained long-term wealth creation
  • 5-year compounded profit growth of 13% indicates medium-term profitability trajectory
  • Healthy dividend payout ratio of 29.7% signals shareholder-friendly capital allocation
  • Price-to-book of 2.18x is reasonable for an industrial company with near-zero debt
  • 5-year compounded sales growth of 6% alongside 13% profit growth suggests margin expansion over the medium term
Bear Case 8
  • TTM profit has declined 17%, indicating significant near-term earnings pressure
  • TTM sales growth of just 1% signals demand stagnation or pricing headwinds
  • 3-year compounded sales growth is negative at -2%, showing revenue contraction over a meaningful period
  • ROE has declined from 15% (5-year average) to 11% in the last year, indicating deteriorating capital efficiency
  • Stock has declined 22% over the past 1 year, reflecting negative market sentiment
  • 3-year ROE of 14% and last year ROE of 11% show a declining trend in returns on equity
  • 3-year compounded profit growth is negative at -5%, suggesting recent earnings erosion
  • 5-year sales CAGR of only 6.28% reflects structurally slow top-line growth for an industrial business

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

AI News Digest

Anthropic anthropic claude-opus-4.6 33d ago
Neutral 1
  • Zero promoter share pledges Jun 20

    Surya Roshni filed annual declaration confirming no encumbrance by promoters for FY ended 31 Mar 2026, indicating clean promoter holdings.

TL;DR: Limited recent news flow for Surya Roshni. The confirmation of zero promoter pledges is a routine but reassuring governance signal. With no material headwinds or catalysts in the current news cycle, the stock's near-term direction will likely depend on broader sector trends and upcoming quarterly results.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
2,151
1,875
1,916
1,938
2,080
1,893
1,529
1,868
2,146
1,605
1,845
1,927
2,163
Expenses
1,899
1,761
1,778
1,783
1,915
1,742
1,453
1,718
1,943
1,535
1,727
1,783
2,009
Operating Profit
252
114
137
155
166
151
76
150
202
70
118
145
154
OPM %
12%
6%
7%
8%
8%
8%
5%
8%
9%
4.3%
6%
8%
7%
Other Income
2
2
2
4
7
8
7
6
9
13
23
3
16
Interest
10
6
6
7
4
5
6
5
5
5
9
7
6
Depreciation
29
29
29
30
29
30
31
30
31
32
32
33
33
PBT
215
81
104
121
139
123
46
121
175
46
100
107
131
Tax %
28%
27%
27%
26%
25%
25%
26%
26%
26%
26%
26%
26%
25%
Net Profit
156
59
76
90
104
92
34
90
130
34
74
80
98
EPS in Rs
7.15
2.72
3.49
4.14
4.78
4.25
1.57
4.13
5.98
1.55
3.41
3.66
4.52
Figures in ₹ Crores

Profit & Loss

  Mar 2012Mar 2013Mar 2016Mar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
2,994
3,507
2,964
3,145
5,975
5,471
5,561
7,731
7,997
7,809
7,436
7,540
Expenses
2,763
3,197
2,722
2,916
5,603
5,117
5,182
7,288
7,383
7,237
6,857
7,053
Operating Profit
231
310
243
230
372
354
379
443
614
572
579
487
OPM %
8%
9%
8%
7%
6%
6%
7%
6%
8%
7%
8%
6%
Other Income
1
1
2
1
4
3
5
6
5
14
30
54
Interest
116
145
96
88
115
114
70
64
45
24
21
28
Depreciation
60
85
61
56
89
103
103
108
115
117
123
130
PBT
56
82
87
87
172
140
211
277
459
445
465
384
Tax %
7%
6%
27%
24%
30%
27%
25%
26%
27%
26%
26%
26%
Net Profit
52
73
67
72
121
103
158
205
336
329
347
286
EPS in Rs
2.98
4.19
3.83
4.08
5.55
4.71
7.28
9.42
15.42
15.13
15.93
13.13
Div. Payout %
0%
24%
7%
9%
9%
11%
10%
10%
11%
16%
35%
38%
Figures in ₹ Crores

Balance Sheet

  Mar 2012Mar 2013Mar 2016Mar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
44
44
44
44
54
54
54
53
54
54
109
109
Reserves
684
693
660
723
1,097
1,185
1,314
1,494
1,810
2,112
2,356
2,525
Borrowings
1,186
1,196
895
886
1,192
1,090
732
593
418
16
16
80
Other Liabilities
285
362
390
465
685
641
842
974
776
739
752
832
Total Liabilities
2,200
2,295
1,990
2,118
3,029
2,971
2,941
3,115
3,057
2,922
3,234
3,545
Fixed Assets
1,159
1,196
753
787
1,089
1,061
1,029
943
912
835
841
892
CWIP
38
26
18
15
25
15
10
53
8
17
57
30
Investments
0
0
63
68
0
0
0
0
0
0
0
0
Other Assets
1,002
1,073
1,155
1,248
1,916
1,895
1,903
2,119
2,136
2,070
2,336
2,623
Total Assets
2,200
2,295
1,990
2,118
3,029
2,971
2,941
3,115
3,057
2,922
3,234
3,545
Figures in ₹ Crores

Cash Flow

  Mar 2012Mar 2013Mar 2016Mar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
64
254
208
181
120
276
540
285
280
546
395
401
Investing
-194
-108
-51
-84
-105
-48
-66
-54
-33
-51
-329
-284
Financing
122
-155
-156
-105
-37
-229
-475
-231
-246
-461
-80
-92
Net Cash Flow
-7
-8
1
-8
-22
-1
-1
0
1
34
-15
25
Free Cash Flow
-131
145
157
97
15
228
474
231
247
495
254
250
CFO/OP
33
88
95
88
42
89
157
79
63
119
91
107
Figures in ₹ Crores

Ratios

  Mar 2012Mar 2013Mar 2016Mar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
42
47
65
63
51
46
50
42
34
34
44
45
Inventory Days
87
68
79
84
66
80
74
59
68
66
59
63
Days Payable
19
13
36
40
27
26
41
35
24
22
24
30
Cash Conversion Cycle
109
101
108
107
90
101
83
65
78
77
79
78
Working Capital Days
25
25
31
31
28
34
38
33
46
61
63
64
ROCE %
9%
11%
—
11%
—
11%
13%
16%
23%
21%
21%
16%

Shareholding Pattern

As of Jun 2026
Promoters 63.02%
Public 21.30%
Others 9.97%
FIIs 3.81%
DIIs 1.90%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Oct 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Jan 2025Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
62.96%
62.96%
62.96%
62.96%
62.96%
62.96%
62.96%
62.96%
62.96%
62.96%
62.96%
62.96%
62.96%
62.96%
62.96%
62.96%
62.47%
62.47%
62.47%
62.47%
62.47%
62.89%
63.00%
63.02%
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%
5.26%
5.02%
4.49%
4.87%
4.53%
4.59%
4.12%
4.67%
4.95%
4.75%
4.68%
3.81%
DIIs
0.09%
0.10%
0.01%
0.01%
0.01%
0.01%
0.00%
0.24%
0.24%
0.01%
0.45%
0.55%
0.52%
0.56%
1.00%
1.26%
1.45%
1.45%
1.62%
1.69%
1.67%
2.03%
2.10%
1.90%
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%
0.00%
0.00%
Public
19.66%
19.85%
19.07%
19.98%
21.05%
21.15%
23.01%
23.64%
22.05%
21.52%
20.27%
20.35%
20.08%
20.47%
20.93%
21.11%
21.45%
21.10%
21.72%
21.70%
21.63%
21.28%
21.02%
21.30%
Others
17.29%
17.09%
17.96%
17.05%
15.98%
15.88%
14.02%
13.15%
14.75%
15.51%
16.32%
16.14%
11.18%
10.98%
10.63%
9.79%
10.10%
10.40%
10.07%
9.48%
9.29%
9.05%
9.20%
9.97%
No. of Shareholders
25,413
26,805
29,552
37,992
45,077
45,646
46,645
45,722
38,133
41,374
43,083
44,642
47,632
53,438
59,595
55,546
61,302
61,815
66,600
62,983
63,443
65,953
66,766
67,798

Documents

1
Concall - Dec 2018 Dec 2018
2
Concall - Jun 2019 Jun 2019
3
Concall - Aug 2019 Aug 2019
4
Concall - Nov 2019 Nov 2019
5
Concall - Feb 2020 Feb 2020

Frequently Asked Questions about Surya Roshni Ltd

What does Surya Roshni Ltd do?
Surya Roshni Limited incorporated in 1973 has emerged as India’s largest ERW Pipes exporter, largest GI Pipes producer, and the second largest in the lighting segment. Its focus is on developing the value-added product mix (3LPE Coated pipes, Alkyd pipes, etc.) [1]
Where is Surya Roshni Ltd (SURYAROSNI) listed?
Surya Roshni Ltd is listed on the Indian stock exchanges. It is listed on NSE: SURYAROSNI and BSE: 500336. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Surya Roshni Ltd belong to?
Surya Roshni Ltd operates in the Industrial Products sector within the Iron & Steel Products industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Surya Roshni Ltd?
Surya Roshni Ltd has a market capitalisation of approximately ₹5464.40 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Surya Roshni Ltd?
The Price-to-Earnings (PE) ratio of Surya Roshni Ltd is 19.20. 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 Surya Roshni Ltd?
Over the past 52 weeks, Surya Roshni Ltd has traded between a low of ₹187.35 and a high of ₹327.95. This range helps investors understand the stock's price volatility and recent trading levels.
Does Surya Roshni Ltd pay dividends?
Yes, Surya Roshni Ltd has a dividend yield of 1.00%. 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 Surya Roshni Ltd?
Surya Roshni Ltd has a Return on Equity (ROE) of 14.06%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Surya Roshni Ltd on Tapetide?
On Tapetide, you can view Surya Roshni 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

Surya Roshni Limited incorporated in 1973 has emerged as India’s largest ERW Pipes exporter, largest GI Pipes producer, and the second largest in the lighting segment. Its focus is on developing the value-added product mix (3LPE Coated pipes, Alkyd pipes, etc.) [1]

Website surya.co.in
CEO Mr. Jai Prakash Agarwal B.Com.
Employees 3,328
Listed 1995-05-10
Face Value ₹ 5
Issued Size 21,76,35,896

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