Surya Roshni Ltd
NSE: SURYAROSNI · Iron & Steel Products · sector
₹199.69NSE close 2026-10-26
Key numbers
Market cap₹4,346 cr
Price₹199.69
52w high / low₹314 / ₹187
P/E13.9xSector median 15.5x
P/B1.6xSector median 1.7x
Book value₹121.0
Dividend yield2.76%Sector median 0.60%
ROE12.2%Sector median 11.1%
ROCE16.6%Sector median 11.9%
OPM6.6%Sector median 6.7%
Debt / equity0.02xSector median 0.21x
EV/EBITDA7.5xSector median 11.8x
Interest cover16.0x
Current ratio3.21x
Sales growth 3y-1.9%Sector median +2.1%
Profit growth 3y-5.2%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 ₹453 cr vs borrowings ₹65 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 16.0x in the last 12 months.
- No promoter shares are pledged.
- Promoter holding rose by 0.55 percentage points in a year, to 63.02% (2026-09-30).
- Operating cash flow was below net profit in 1 of the last 5 years (FY23).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 16% of net profit in the last 12 months.
- Debtor days went from 34 (FY24) to 45 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹199.69 on 2026-10-26: -36.5% from the 52-week high, +6.6% 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 ₹719.35 · low ₹198.00
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,529 | 1,868 | 2,146 | 1,605 | 1,845 | 1,927 | 2,163 | 2,046 |
| EBITDA | 76 | 150 | 202 | 70 | 118 | 145 | 154 | 112 |
| OPM % | 5.0% | 8.0% | 9.4% | 4.3% | 6.4% | 7.5% | 7.1% | 5.5% |
| Other income | 7 | 6 | 9 | 13 | 23 | 3 | 16 | 8 |
| Net profit | 34 | 90 | 130 | 34 | 74 | 80 | 98 | 60 |
| EPS (₹) | 1.57 | 2.06 | 5.98 | 1.55 | 3.41 | 3.66 | 4.51 | 2.74 |
| Revenue YoY | +20.7% | +3.2% | +0.8% | +27.5% | ||||
| Profit YoY | +117.2% | -11.4% | -24.4% | +77.2% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 7,731 | 7,997 | 7,809 | 7,436 | 7,540 | 7,982 |
| EBITDA | 443 | 614 | 572 | 579 | 487 | 530 |
| Net profit | 205 | 336 | 329 | 347 | 286 | 312 |
| EPS (₹) | 19.20 | 31.39 | 15.26 | 15.95 | 13.13 | 14.32 |
| Revenue growth | +3.4% | -2.3% | -4.8% | +1.4% | +11.7% | |
| Profit growth | +63.7% | -1.9% | +5.3% | -17.5% | +8.3% | |
| Dividend / share (₹) | 1.50 | 7.00 | 6.50 | 5.00 | 5.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -1.9% | +6.3% | +11.7% |
| Net profit | -5.2% | +12.5% | +8.3% |
| EPS | -25.2% | -2.2% | – |
| Share price | – | -19.8% (2y) | -24.6% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 1,864 | 2,166 | 2,465 | 2,634 |
| Borrowings | – | 404 | 4 | 3 | 65 |
| Cash & equivalents | – | 2 | 46 | 296 | 453 |
| Total assets | – | 3,057 | 2,922 | 3,234 | 3,545 |
| Fixed assets | – | 901 | 821 | 826 | 869 |
| Capital work in progress | – | 8 | 17 | 57 | 30 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 747 | 718 | 897 | 937 |
| Inventory | – | 1,152 | 1,087 | 902 | 1,005 |
| Payables | – | 407 | 369 | 364 | 484 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 285 | 280 | 540 | 395 | 401 |
| Cash from investing | -54 | -33 | -51 | -329 | -284 |
| Cash from financing | -231 | -246 | -454 | -80 | -92 |
| Capex | 58 | 36 | 62 | 151 | 160 |
| Free cash flow | 227 | 244 | 478 | 244 | 241 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 18.0% | 15.2% | 14.1% | 10.9% |
| ROCE % | – | 22.2% | 21.6% | 19.7% | 15.2% |
| Debtor days | – | 34 | 34 | 44 | 45 |
| Inventory days | – | 68 | 65 | 58 | 63 |
| Payable days | – | 24 | 22 | 24 | 30 |
| Cash conversion cycle (days) | – | 78 | 77 | 78 | 78 |
| Working capital days | – | 46 | 63 | 78 | 86 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 63.02% |
| FIIs | 4.27% |
| DIIs | 1.50% |
| of which Mutual funds | 0.10% |
| of which Insurance | 0.01% |
| Government | 0.00% |
| Public (non-institutions) | 31.21% |
| Quarter | Jan 2025 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 62.47% | 62.47% | 62.47% | 62.47% | 62.89% | 63.00% | 63.02% | 63.02% |
| Promoter group | % |
|---|---|
| Diwakar Marketing Private Limited | 10.55% |
| Cubitex Marketing Private Limited | 9.14% |
| Shreyansh Mercantile Private Limited | 5.84% |
| Sahaj Tie-up Private Limited | 5.74% |
| Dicord Commodeal Private Limited | 4.16% |
| Shirin Commodeal Private Limited | 3.89% |
| Goel DIE Cast Limited | 3.69% |
| S M Vyapaar Private Limited | 3.65% |
| Zatco Vyapar Private Limited | 2.58% |
| Sadabahar Tradecomm Private Limited | 2.35% |
| Jits Courier and Finance Private Limited | 1.84% |
| Pankaj Investments Limited | 1.78% |
| B.m.graphics Private Limited | 1.77% |
| Vinay Surya | 1.08% |
| JAI Prakash Agarwal | 1.04% |
| Public holders above 1% | % |
|---|---|
| Henco Commercials Private Limited | 2.36% |
| Raxon Motor Finance Private Limited | 1.89% |
69,562 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% | – |
| SURYAROSNI | ₹4,346 cr | 13.9x | 1.6x | 12.2% | 16.6% | 6.6% | -1.9% | 2.76% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Steel Pipes and Strips | ₹5,731 cr | 76.0% | ₹291 cr | 5.1% |
| Lighting and Consumer Durables | ₹1,809 cr | 24.0% | ₹120 cr | 6.6% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-08-21 | Dividend | Dividend - Rs 2.50 Per Share |
| 2025-11-17 | Dividend | Interim Dividend - Rs 2.50 Per Share |
| 2025-09-04 | Dividend | Dividend - Rs 3 Per Share |
| 2025-01-01 | Bonus | Bonus 1:1 |
| 2024-11-29 | Dividend | Interim Dividend - Rs 2.50 Per Share |
| 2024-08-23 | Dividend | Dividend - Rs 2.50 Per Share |
| 2023-11-10 | Dividend | Interim Dividend - Rs 2.50 Per Share |
| 2023-10-06 | Split | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 5/- Per Share |
| 2023-08-25 | Dividend | Dividend - Rs 4 Per Share |
| 2023-01-27 | Dividend | Interim Dividend - Rs 3 Per Share |
| 2022-09-01 | Dividend | Dividend - Rs 4 Per Share |
| 2021-09-02 | Dividend | Dividend - Rs 1.50 Per Share |
| 2020-11-06 | Dividend | Interim Dividend - Rs 1.50 Per Share |
| 2020-09-03 | Dividend | Dividend - Rs 2 Per Share |
| 2019-08-27 | Dividend | Dividend Rs 2 Per Share |
| 2018-09-07 | Dividend | Dividend- Rs 2 Per Share |
| 2017-12-08 | Dividend | Dividend - Rs 1.50 Per Share |
| 2016-09-01 | Dividend | Annual General Meeting/Dividend Re 1/- Per Share |
| 2015-08-21 | Dividend | Dividend - Re 1/- Per Share |
| 2014-08-08 | Dividend | Annual General Meeting / Final Dividend - Re 1/- Per Share |
Documents
- Annual report FY26
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- 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
- Steel Pipes & Strips: Steel Pipes & Tubes, Cold Rolled Strips
- Lighting & Fixtures, Electrical Consumer Durables & PVC Pipes: Lighting Produts (Professional Luminaires and Consumer Luminaires), Fans, domestic wires, small domestic home appliances and water heaters
| Sector | Industrials |
| Industry | Iron & Steel Products |
| Sub-industry | Iron & Steel Products |
| Symbol | SURYAROSNI |
| BSE code | 500336 |
| ISIN | INE335A01020 |
| Face value | ₹5.0 |
| Incorporated | 1973-10-17 |
| Website | www.surya.co.in |
| Plants (India / abroad) | 6 / 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.