Sunflag Iron and Steel Co
NSE: SUNFLAG · Iron & Steel Products · sector
₹387.65NSE close 2026-10-26
Key numbers
Market cap₹6,986 cr
Price₹387.65
52w high / low₹479 / ₹192
P/E34.0xSector median 15.5x
P/B0.8xSector median 1.7x
Book value₹492.3
Dividend yield0.19%Sector median 0.60%
ROE2.3%Sector median 11.1%
ROCE4.0%Sector median 11.9%
OPM11.7%Sector median 6.7%
Debt / equity0.05xSector median 0.21x
EV/EBITDA15.5xSector median 11.8x
Interest cover5.6x
Current ratio1.47x
Sales growth 3y+4.1%Sector median +2.1%
Profit growth 3y-43.4%Sector median +13.0%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 118 companies in Iron & Steel Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹230 cr vs borrowings ₹475 cr (FY26): borrowings are higher by ₹245 cr.
- Operating profit covered interest 5.6x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 2 of the last 5 years (FY23, FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 9% of net profit in the last 12 months.
- Dividend paid in 1 of the last 5 financial years.
- Price ₹387.65 on 2026-10-26: -19.1% from the 52-week high, +101.7% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹439.80 · low ₹194.59
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 866 | 892 | 883 | 1,013 | 973 | 942 | 1,001 | 1,079 |
| EBITDA | 99 | 111 | 100 | 109 | 101 | 123 | 124 | 119 |
| OPM % | 11.4% | 12.4% | 11.4% | 10.8% | 10.4% | 13.1% | 12.4% | 11.1% |
| Other income | 8 | 3 | 3 | 19 | 2 | 2 | 3 | 11 |
| Net profit | 41 | 50 | 43 | 63 | 46 | 60 | 34 | 66 |
| EPS (₹) | 2.26 | 2.78 | 2.40 | 3.47 | 2.53 | 3.33 | 1.90 | 3.66 |
| Revenue YoY | +12.4% | +5.7% | +13.3% | +6.5% | ||||
| Profit YoY | +11.6% | +19.5% | -20.7% | +5.5% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 2,698 | 3,488 | 3,415 | 3,536 | 3,939 | 3,995 |
| EBITDA | 398 | 1,639 | 375 | 389 | 468 | 468 |
| Net profit | 217 | 1,115 | 144 | 162 | 202 | 206 |
| EPS (₹) | 12.04 | 61.89 | 7.97 | 8.99 | 11.23 | 11.42 |
| Revenue growth | +29.3% | -2.1% | +3.5% | +11.4% | +9.3% | |
| Profit growth | +414.0% | -87.1% | +12.9% | +24.9% | +4.6% | |
| Dividend / share (₹) | – | – | – | – | 0.75 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +4.1% | +15.8% | +9.3% |
| Net profit | -43.4% | +7.4% | +4.6% |
| EPS | -43.4% | +7.6% | – |
| Share price | – | +35.5% (2y) | +49.9% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 3,342 | 5,164 | 8,766 | 8,873 |
| Borrowings | – | 549 | 670 | 571 | 475 |
| Cash & equivalents | – | 118 | 253 | 158 | 230 |
| Total assets | – | 4,942 | 7,022 | 11,187 | 11,292 |
| Fixed assets | – | 1,591 | 1,525 | 1,442 | 1,539 |
| Capital work in progress | – | 193 | 281 | 297 | 214 |
| Investments | – | 1,726 | 3,642 | 7,779 | 7,692 |
| Receivables | – | 315 | 346 | 362 | 339 |
| Inventory | – | 866 | 833 | 931 | 976 |
| Payables | – | 564 | 525 | 478 | 547 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 43 | 278 | 244 | 187 | 390 |
| Cash from investing | -335 | -219 | -83 | -87 | -122 |
| Cash from financing | 289 | -63 | 21 | -193 | -188 |
| Capex | 339 | 168 | 126 | 80 | 128 |
| Free cash flow | -296 | 109 | 119 | 107 | 262 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 33.4% | 2.8% | 1.8% | 2.3% |
| ROCE % | – | 40.2% | 4.8% | 3.2% | 4.0% |
| Debtor days | – | 33 | 37 | 37 | 31 |
| Inventory days | – | 142 | 137 | 154 | 144 |
| Payable days | – | 93 | 87 | 79 | 80 |
| Cash conversion cycle (days) | – | 82 | 87 | 112 | 95 |
| Working capital days | – | 52 | 50 | 53 | 52 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 51.16% |
| FIIs | 0.70% |
| DIIs | 0.37% |
| of which Mutual funds | 0.12% |
| Government | 0.00% |
| Public (non-institutions) | 47.78% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 51.16% | 51.16% | 51.16% | 51.16% | 51.16% | 51.16% | 51.16% | 51.16% |
| Promoter group | % |
|---|---|
| Sunflag Ltd | 36.21% |
| Suhrit Ravi Bhushan Bhardwaj | 7.33% |
| Supra Corporation Limited | 4.73% |
| Veena Bhardwaj | 1.99% |
| Pranav Ravi Bhardwaj | 0.89% |
| Public holders above 1% | % |
|---|---|
| Daido Steel Co Ltd | 10.00% |
| Dhirendra Bhupendra Sanghavi | 7.11% |
| Dhirajlal V Shah | 3.05% |
| Investor Education and Protection Fund Authority Ministry of Corporate Affairs | 2.40% |
| Kanwaljit Singh Bakshi | 2.18% |
| Bhupendra Gokaldas Sanghavi | 1.39% |
| Vallabh Bhanshali | 1.11% |
55,930 shareholders. Pledged: 0.00% of promoter shares.
Peers in Iron & Steel Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| WELCORP | ₹61,798 cr | 26.7x | 6.8x | 27.8% | 19.2% | 13.9% | +19.8% | 0.21% |
| APLAPOLLO | ₹57,703 cr | 46.9x | 10.9x | 25.9% | 30.1% | 8.0% | +12.6% | 0.28% |
| SHYAMMETL | ₹31,351 cr | 28.0x | 2.7x | 7.8% | 14.2% | 12.9% | +13.7% | 0.36% |
| RATNAMANI | ₹16,345 cr | 37.8x | 4.0x | 11.2% | 15.7% | 16.7% | +0.1% | 0.60% |
| JINDALSAW | ₹14,824 cr | 26.9x | 1.2x | 4.4% | 7.2% | 9.5% | +0.1% | 0.86% |
| USHAMART | ₹14,192 cr | 27.9x | 4.3x | 16.8% | 20.1% | 19.6% | +4.1% | 0.64% |
| GALLANTT | ₹12,989 cr | 31.9x | 3.7x | 12.4% | 14.2% | 13.8% | +3.1% | 0.08% |
| GPIL | ₹11,769 cr | 14.6x | 2.0x | 15.1% | 18.7% | 21.4% | -2.2% | 0.54% |
| JAYNECOIND | ₹8,607 cr | 12.5x | 2.6x | 23.4% | 25.6% | 18.9% | +4.0% | – |
| SUNFLAG | ₹6,986 cr | 34.0x | 0.8x | 2.3% | 4.0% | 11.7% | +4.1% | 0.19% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-11 | Dividend | Dividend - Re 1 Per Share |
| 2025-09-12 | Dividend | Dividend - Re 0.75 Per Share |
| 2024-09-13 | Other | Annual General Meeting |
| 2023-09-08 | Other | Annual General Meeting |
| 2022-09-15 | Other | Annual General Meeting |
| 2021-09-02 | Other | Annual General Meeting |
| 2020-09-10 | Other | Annual General Meeting |
| 2019-09-05 | Dividend | Annual General Meeting/Dividend - Rs 0.50 Per Share |
| 2018-09-06 | Dividend | Annual General Meeting/Dividend Re 0.5 Per Share |
| 2017-09-14 | Other | Annual General Meeting |
| 2016-09-15 | Other | Annual General Meeting |
| 2015-09-16 | Other | Annual General Meeting |
| 2014-09-04 | Other | Annual General Meeting |
| 2013-09-05 | Other | Annual General Meeting |
| 2012-08-30 | Other | Annual General Meeting |
| 2011-08-30 | Dividend | Annual General Meeting And Dividend Re.0.50 Per Share |
| 2010-09-02 | Dividend | Annual General Meeting And Dividend Re.0.50 Per Share |
| 2009-09-03 | Other | Agm/Div-Re.0.50 Per Share |
| 2008-09-04 | Dividend | Agm/Dividend - 5% Bc End Date Revised |
| 2007-09-06 | Dividend | Agm/Dividend-2.50% |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacture of Steel and Steel products: Manufacturing
| Sector | Industrials |
| Industry | Iron & Steel Products |
| Sub-industry | Iron & Steel Products |
| Symbol | SUNFLAG |
| BSE code | 500404 |
| ISIN | INE947A01014 |
| Face value | ₹10.0 |
| Incorporated | 1984-09-12 |
| Website | www.sunflagsteel.com |
| Plants (India / abroad) | 1 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.