Surya Roshni Ltd

Surya Roshni Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Surya Roshni Ltd

₹ 665 -0.31%
03 Jul 11:47 a.m.
surya.co.in BSE: 500336 NSE: SURYAROSNI
About

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]

Key Points

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]

Website BSE NSE
  • Market Cap ₹ 7,236 Cr.
  • Current Price ₹ 665
  • High / Low ₹ 842 / 364
  • Stock P/E 21.9
  • Book Value ₹ 199
  • Dividend Yield 0.92 %
  • ROCE 21.0 %
  • ROE 16.3 %
  • Face Value ₹ 5.00
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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 5.50% 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
1,722 1,453 1,946 2,030 2,301 1,840 1,984 2,021 2,151 1,875 1,916 1,938 2,080
1,602 1,361 1,845 1,933 2,149 1,770 1,855 1,859 1,899 1,761 1,778 1,783 1,915
Operating Profit 120 92 101 98 152 70 129 163 252 114 137 155 166
OPM % 7% 6% 5% 5% 7% 4% 7% 8% 12% 6% 7% 8% 8%
1 1 1 1 2 1 2 1 2 2 2 4 7
Interest 16 17 15 17 15 13 11 11 10 6 6 7 4
Depreciation 28 25 27 28 28 28 29 30 29 29 29 30 29
Profit before tax 78 51 60 55 112 30 91 123 215 81 104 121 139
Tax % 25% 27% 26% 26% 26% 26% 25% 27% 28% 27% 27% 26% 25%
59 37 44 40 83 22 68 90 156 59 76 90 104
EPS in Rs 5.38 3.43 4.07 3.72 7.61 2.04 6.25 8.24 14.30 5.43 6.99 8.28 9.55
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,756 2,271 2,994 3,507 2,964 3,145 5,975 5,471 5,561 7,731 7,997 7,809
1,643 2,079 2,763 3,197 2,722 2,916 5,603 5,117 5,182 7,288 7,383 7,237
Operating Profit 112 193 231 310 243 230 372 354 379 443 614 572
OPM % 6% 8% 8% 9% 8% 7% 6% 6% 7% 6% 8% 7%
17 0 1 1 2 1 4 3 5 6 5 14
Interest 49 67 116 145 96 88 115 114 70 64 45 24
Depreciation 27 55 60 85 61 56 89 103 103 108 115 117
Profit before tax 54 71 56 82 87 87 172 140 211 277 459 445
Tax % 16% 5% 7% 6% 27% 24% 30% 27% 25% 26% 27% 26%
45 67 52 73 67 72 121 103 158 205 336 329
EPS in Rs 8.11 7.69 5.96 8.38 7.67 8.17 11.10 9.43 14.55 18.83 30.84 30.25
Dividend Payout % 12% 10% 0% 24% 7% 9% 9% 11% 10% 10% 11% 8%
Compounded Sales Growth
10 Years: %
5 Years: 6%
3 Years: 12%
TTM: -2%
Compounded Profit Growth
10 Years: %
5 Years: 22%
3 Years: 28%
TTM: -2%
Stock Price CAGR
10 Years: 28%
5 Years: 43%
3 Years: 36%
1 Year: 68%
Return on Equity
10 Years: %
5 Years: 15%
3 Years: 17%
Last Year: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 28 44 44 44 44 44 54 54 54 53 54 54
Reserves 220 573 669 693 660 723 1,097 1,185 1,314 1,494 1,810 2,112
691 991 1,186 1,196 895 886 1,192 1,090 732 593 418 16
208 256 300 362 390 465 685 641 842 974 776 739
Total Liabilities 1,148 1,864 2,200 2,295 1,990 2,118 3,029 2,971 2,941 3,115 3,057 2,922
463 926 1,159 1,196 753 787 1,089 1,061 1,029 943 912 835
CWIP 154 137 38 26 18 15 25 15 10 53 8 17
Investments 28 0 0 0 63 68 0 0 0 0 0 0
504 801 1,002 1,073 1,155 1,248 1,916 1,895 1,903 2,119 2,136 2,070
Total Assets 1,148 1,864 2,200 2,295 1,990 2,118 3,029 2,971 2,941 3,115 3,057 2,922

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
9 -68 64 254 208 181 120 276 540 285 280 540
-271 -289 -194 -108 -51 -84 -105 -48 -66 -54 -33 -51
257 380 122 -155 -156 -105 -37 -229 -475 -231 -246 -454
Net Cash Flow -5 22 -7 -8 1 -8 -22 -1 -1 0 1 34

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 37 48 42 47 65 63 51 46 50 42 34 34
Inventory Days 78 94 87 68 79 84 66 80 74 59 68 65
Days Payable 20 13 19 13 36 40 27 26 41 35 24 22
Cash Conversion Cycle 94 129 109 101 108 107 90 101 83 65 78 77
Working Capital Days 78 88 83 76 94 94 77 85 74 58 64 61
ROCE % 13% 11% 10% 11% 11% 11% 13% 16% 23%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
62.96% 62.96% 62.96% 62.96% 62.96% 62.96% 62.96% 62.96% 62.96% 62.96% 62.96% 62.96%
1.59% 2.68% 2.63% 1.04% 0.71% 1.18% 0.86% 2.54% 4.87% 5.15% 5.26% 5.02%
1.64% 1.43% 1.47% 1.24% 1.24% 0.04% 0.24% 0.24% 0.45% 0.45% 0.52% 0.56%
32.08% 30.66% 30.92% 32.76% 33.10% 33.93% 34.33% 33.15% 30.63% 30.54% 30.63% 31.11%
1.73% 2.27% 2.01% 1.99% 1.99% 1.89% 1.61% 1.11% 1.09% 0.91% 0.62% 0.36%
No. of Shareholders 26,80529,55237,99245,07745,64646,64545,72238,13341,37443,08347,63253,438

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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