Suraj Limited
NSE: SURAJLTD · Iron & Steel Products · sector
₹204.84NSE close 2026-10-26
Key numbers
Market cap₹376 cr
Price₹204.84
52w high / low₹345 / ₹178
P/E45.3xSector median 15.5x
P/B2.7xSector median 1.7x
Book value₹75.0
Dividend yield0.73%Sector median 0.60%
ROE6.1%Sector median 11.1%
ROCE8.8%Sector median 11.9%
OPM9.1%Sector median 6.7%
Debt / equity0.44xSector median 0.21x
EV/EBITDA24.6xSector median 11.8x
Interest cover4.0x
Current ratio1.35x
Sales growth 3y–Sector median +2.1%
Profit growth 3y–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 ₹0 cr vs borrowings ₹60 cr (FY26): borrowings are higher by ₹60 cr.
- Operating profit covered interest 4.0x in the last 12 months.
- Net loss in 1 of the last 8 quarters.
- Revenue was higher than a year earlier in 0 of the last 4 quarters.
- Other income was 67% of net profit in the last 12 months.
- Dividend paid in 2 of the last 2 financial years.
- Price ₹204.84 on 2026-10-26: -40.6% from the 52-week high, +15.1% 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 ₹520.00 · low ₹193.51
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 57 | 64 | 59 | 50 | 50 | 62 | 43 | 39 |
| EBITDA | 8 | 13 | -2 | 5 | 4 | 5 | 2 | 6 |
| OPM % | 14.7% | 20.6% | -3.7% | 9.6% | 7.3% | 8.4% | 5.6% | 16.5% |
| Other income | 2 | 1 | 2 | 1 | 1 | 1 | 3 | 1 |
| Net profit | 6 | 7 | -6 | 3 | 1 | 1 | 3 | 4 |
| EPS (₹) | 3.52 | 3.84 | -3.22 | 1.49 | 0.45 | 0.75 | 1.37 | 1.95 |
| Revenue YoY | -11.4% | -2.7% | -26.1% | -22.5% | ||||
| Profit YoY | -87.2% | -80.5% | – | +31.0% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY25 | FY26 | TTM |
|---|---|---|---|
| Revenue | 234 | 206 | 195 |
| EBITDA | 28 | 16 | 18 |
| Net profit | 13 | 7 | 8 |
| EPS (₹) | 7.24 | 4.07 | 4.52 |
| Revenue growth | -11.9% | -15.2% | |
| Profit growth | -43.8% | -19.6% | |
| Dividend / share (₹) | 1.50 | 1.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | – | – | -15.2% |
| Net profit | – | – | -19.6% |
| EPS | – | – | – |
| Share price | – | -31.9% (2y) | -37.9% |
Balance sheet
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Shareholders' equity | 133 | 138 |
| Borrowings | 64 | 60 |
| Cash & equivalents | 0 | 0 |
| Total assets | 222 | 226 |
| Fixed assets | 89 | 89 |
| Capital work in progress | 0 | 0 |
| Investments | 15 | 0 |
| Receivables | 33 | 37 |
| Inventory | 52 | 63 |
| Payables | 12 | 17 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Cash from operations | -9 | 17 |
| Cash from investing | -14 | -6 |
| Cash from financing | 23 | -11 |
| Capex | 17 | 10 |
| Free cash flow | -26 | 8 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY25 | FY26 |
|---|---|---|
| ROE % | 10.0% | 5.4% |
| ROCE % | 11.0% | 7.5% |
| Debtor days | 51 | 65 |
| Inventory days | 133 | 178 |
| Payable days | 31 | 48 |
| Cash conversion cycle (days) | 153 | 195 |
| Working capital days | 31 | 53 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 75.00% |
| Public (non-institutions) | 25.00% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% |
| Promoter group | % |
|---|---|
| Anilaben Ashokkumar Shah | 19.43% |
| Chandrika Kunal Shah | 15.79% |
| Rekha Gunvant Shah | 12.76% |
| Ashok Shah | 5.87% |
| Kunal Tarachand Shah | 5.61% |
| Shah Gunvantkumar Tarachand | 5.40% |
| Dishant Kunal Shah | 3.02% |
| Dixit Shah | 1.59% |
| Chirag Shah | 1.59% |
| Abhay Gunvantkumar Shah | 1.47% |
| Kapil Gunvant Shah | 1.47% |
| Nisha Maheshkumar Jain | 0.98% |
| Public holders above 1% | % |
|---|---|
| Dinesh Stainless Private Limited | 3.74% |
| Pawan Paras Jain | 2.39% |
| Mukesh Raghunathmal Chandan | 1.69% |
2,773 shareholders. Pledged: – 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% | – |
| SURAJLTD | ₹376 cr | 45.3x | 2.7x | 6.1% | 8.8% | 9.1% | – | 0.73% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-01-23 | Dividend | Interim Dividend - Rs 1.50 Per Share |
| 2025-02-10 | Dividend | Interim Dividend - Rs 1.50 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Industrials |
| Industry | Iron & Steel Products |
| Sub-industry | Iron & Steel Products |
| Symbol | SURAJLTD |
| BSE code | 531638 |
| ISIN | INE713C01016 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.