Surya Roshni Ltd
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]
- Market Cap ₹ 6,797 Cr.
- Current Price ₹ 625
- High / Low ₹ 842 / 364
- Stock P/E 20.7
- Book Value ₹ 199
- Dividend Yield 0.96 %
- ROCE 21.0 %
- ROE 16.3 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 22.2% CAGR over last 5 years
Cons
- The company has delivered a poor sales growth of 5.48% over past five years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Steel Industry: Steel - Large
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2,922 | 2,962 | 2,778 | 2,964 | 3,887 | 4,938 | 5,980 | 5,469 | 5,554 | 7,730 | 7,996 | 7,809 | |
2,685 | 2,728 | 2,555 | 2,722 | 3,574 | 4,592 | 5,608 | 5,115 | 5,177 | 7,288 | 7,382 | 7,236 | |
Operating Profit | 237 | 235 | 224 | 243 | 313 | 346 | 372 | 354 | 377 | 442 | 614 | 572 |
OPM % | 8% | 8% | 8% | 8% | 8% | 7% | 6% | 6% | 7% | 6% | 8% | 7% |
1 | 3 | 3 | 2 | 1 | 3 | 4 | 3 | 5 | 6 | 5 | 14 | |
Interest | 110 | 114 | 109 | 96 | 113 | 105 | 115 | 114 | 70 | 64 | 45 | 24 |
Depreciation | 57 | 56 | 56 | 61 | 84 | 87 | 89 | 103 | 103 | 108 | 115 | 117 |
Profit before tax | 72 | 67 | 62 | 87 | 118 | 156 | 173 | 139 | 209 | 276 | 459 | 445 |
Tax % | 4% | 20% | 12% | 27% | 27% | 31% | 30% | 27% | 25% | 26% | 27% | 26% |
69 | 53 | 54 | 63 | 86 | 108 | 121 | 102 | 156 | 205 | 335 | 329 | |
EPS in Rs | 7.90 | 6.08 | 6.17 | 7.19 | 9.84 | 9.93 | 11.11 | 9.39 | 14.38 | 18.80 | 30.82 | 30.22 |
Dividend Payout % | 25% | 8% | 8% | 7% | 9% | 10% | 9% | 11% | 10% | 10% | 11% | 8% |
Compounded Sales Growth | |
---|---|
10 Years: | 10% |
5 Years: | 5% |
3 Years: | 12% |
TTM: | -2% |
Compounded Profit Growth | |
---|---|
10 Years: | 20% |
5 Years: | 22% |
3 Years: | 28% |
TTM: | -2% |
Stock Price CAGR | |
---|---|
10 Years: | 27% |
5 Years: | 41% |
3 Years: | 33% |
1 Year: | 44% |
Return on Equity | |
---|---|
10 Years: | 13% |
5 Years: | 15% |
3 Years: | 17% |
Last Year: | 16% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 44 | 44 | 44 | 44 | 54 | 54 | 54 | 54 | 54 | 53 | 54 | 54 |
Reserves | 688 | 730 | 767 | 648 | 897 | 993 | 1,098 | 1,185 | 1,312 | 1,492 | 1,807 | 2,109 |
857 | 1,038 | 948 | 895 | 1,071 | 1,097 | 1,192 | 1,090 | 732 | 593 | 418 | 16 | |
226 | 259 | 310 | 390 | 594 | 711 | 685 | 641 | 842 | 974 | 776 | 739 | |
Total Liabilities | 1,815 | 2,071 | 2,068 | 1,977 | 2,616 | 2,855 | 3,029 | 2,970 | 2,939 | 3,112 | 3,054 | 2,919 |
853 | 912 | 936 | 753 | 1,101 | 1,072 | 1,089 | 1,061 | 1,029 | 943 | 912 | 835 | |
CWIP | 26 | 54 | 26 | 18 | 16 | 22 | 25 | 15 | 10 | 53 | 8 | 17 |
Investments | 50 | 50 | 50 | 50 | 0 | 0 | 0 | 4 | 4 | 4 | 4 | 4 |
886 | 1,055 | 1,056 | 1,155 | 1,500 | 1,762 | 1,916 | 1,890 | 1,896 | 2,112 | 2,130 | 2,063 | |
Total Assets | 1,815 | 2,071 | 2,068 | 1,977 | 2,616 | 2,855 | 3,029 | 2,970 | 2,939 | 3,112 | 3,054 | 2,919 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
175 | 90 | 267 | 208 | 256 | 155 | 120 | 280 | 540 | 285 | 279 | 540 | |
-77 | -146 | -62 | -51 | -100 | -63 | -105 | -52 | -66 | -54 | -33 | -51 | |
-100 | 62 | -203 | -156 | -163 | -88 | -37 | -229 | -475 | -231 | -246 | -454 | |
Net Cash Flow | -2 | 6 | 2 | 1 | -6 | 4 | -22 | -1 | -1 | -0 | -0 | 34 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 51 | 61 | 69 | 65 | 59 | 53 | 51 | 47 | 50 | 42 | 34 | 33 |
Inventory Days | 63 | 70 | 70 | 79 | 84 | 80 | 66 | 79 | 74 | 59 | 68 | 65 |
Days Payable | 12 | 19 | 31 | 36 | 44 | 39 | 27 | 26 | 41 | 35 | 24 | 22 |
Cash Conversion Cycle | 102 | 112 | 108 | 108 | 99 | 93 | 90 | 100 | 82 | 65 | 78 | 77 |
Working Capital Days | 77 | 93 | 95 | 94 | 89 | 83 | 77 | 85 | 74 | 58 | 64 | 61 |
ROCE % | 12% | 11% | 9% | 11% | 13% | 13% | 13% | 11% | 13% | 16% | 23% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
1d - Received order amounted to Rs.53 crores (with GST)
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 2d
- Closure of Trading Window 24 Jun
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 12 Jun
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
11 Jun - Certificate for the month of May, 2024
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Concalls
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May 2024Transcript PPT
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Feb 2024Transcript PPT REC
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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Jan 2023Transcript PPT
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Nov 2022TranscriptPPT
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Nov 2022Transcript PPT
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Aug 2022TranscriptNotesPPT
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Oct 2021TranscriptNotesPPT
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Jul 2021TranscriptNotesPPT
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May 2021TranscriptNotesPPT
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Jan 2021TranscriptNotesPPT
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Oct 2020TranscriptNotesPPT
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Sep 2020TranscriptNotesPPT
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Feb 2020TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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Aug 2019TranscriptNotesPPT
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Jun 2019TranscriptNotesPPT
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Dec 2018TranscriptNotesPPT
Brand Reputation
It is the leading manufacturer of ERW GI Pipes in India. It is also the leading exporter of ERW Pipes with a 60% market share. It is a leader in South India and among the top 3 in North India for GI Pipes. [1] It is ranked no. 1 in states such as AP, Telangana, MP, Chhattisgarh, UP, and Jharkhand; ranked no. 2 in Karnataka, Delhi, Maharashtra, Bihar, Rajasthan, and Uttarakhand, among others. [2]