SUNFLAGIndustrials

Sunflag Iron And Steel Company Limited

Iron & Steel Products · ISIN INE947A01014 · BSE 500404 · NSE EQ · FV ₹10
Last price
₹344
+1.39%today
What this company does

Sunflag Iron And Steel Company Limited operates in Iron & Steel Products, part of the Industrials sector. It booked ₹1,079 cr of revenue in its latest quarter (Q1 FY27) and kept 6.1% of sales as profit.

In the report:
59out of 100
Equitytale Health Score
Mixed

Healthier than 59% of companies in Industrials, on all six measures of filed financials. Each measure is ranked against the 129–290 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
48

At close. Not part of the score.

Profitability & returns28

How much profit it earns on the money it employs

Balance sheet71

How much it owes, and whether earnings cover the interest

Cash quality80

Whether reported profit actually arrives as cash

Growth & consistency41

Whether sales and profit have grown, and how steadily

Valuation66

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 7% vs last year
Profit up 5% vs last year
Promoters hold 51%
No promoter shares pledged
Virtually debt-free
Turns profit into real cash
Watch-outs
! Thin 6.1% net margin
! Low 3.0% return on equity

What if I invest in SUNFLAG?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹344 +1.39%
latest close · 2026-09-17
1-year return
+323.8%
52-wk low ₹5752-wk high ₹394
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio23.5Average
LowAverageHigh
P/B ratio0.70Below book
Below bookModerateHigh
EV / EBITDA12.5Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity3.0%Weak
WeakFairStrong ▸15%
Return on capital4.0%Weak
WeakFairStrong
Net margin6.1%Decent
ThinDecentStrong
EBITDA margin12.0%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.05Comfortable
LowModerateHigh ▸1
Interest cover7.1×Strong
RiskyOkayStrong ▸5×
Current ratio1.47Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹6,194 cr
Book value
₹492
EPS
₹3.66
latest quarter
Net debt
₹293 cr
owes more than its cash
Enterprise value
₹6,487 cr
EBITDA
₹519 cr
annualised
EBIT
₹400 cr
annualised
Operating margin
9.3%
Return on assets
2.3%
Earnings yield
4.26%
P/S
1.44
Sales / share
₹239.5
Tax rate
25.6%
Face value
₹10
Shares
18.0 cr
Working capital
₹557 cr
Current assets
₹1,734 cr
Current liabilities
₹1,177 cr
Delivery %
52.8%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹173₹192, midpoint ₹183

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹1,079 cr
Other Income₹11 cr
Total Income₹1,089 cr
Cost of Materials₹673 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹1 cr
Employee Benefit Expense₹43 cr
Finance Costs₹14 cr
Depreciation & Amortisation₹30 cr
Other Expenses₹242 cr
Total Expenses₹1,004 cr
Profit before Tax₹86 cr
Tax Expense₹22 cr
Share of JV / Associates₹2 cr
Net Profit₹66 cr
Net margin on total income6.1%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹674 cr61.8%
Employee benefit expense₹43 cr4.0%
Finance costs₹14 cr1.3%
Depreciation & amortisation₹30 cr2.7%
Other expenses₹242 cr22.2%
Tax expense₹22 cr2.0%
Profit for the period₹66 cr6.1%
Total income ₹1,089 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue942 cr1,001 cr1,079 cr
Total income945 cr1,004 cr1,089 cr
Expenses858 cr923 cr1,004 cr
Profit before tax77 cr81 cr86 cr
Tax18 cr47 cr22 cr
Net profit (owners' share)60 cr34 cr66 cr
Net margin (owners' share, on revenue)6.4%3.4%6.1%
EPS (₹)3.331.903.66
YoY (latest quarter): total income +5.5% · net profit +5.5%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹11,292 cr
Shareholder equity
₹8,873 cr
parent shareholders
Total debt
₹475 cr
Cash
₹182 cr
Cash flow · H1 FY26
Operating
₹174 cr
Investing
₹-51 cr
Financing
₹-82 cr
Peer comparison
Iron & Steel Products · by market value
CompanyPriceMarket capP/E
Welspun Corp Limited₹2,460₹64,903 cr15.5
APL Apollo Tubes Limited₹2,149₹59,664 cr56.7
Shyam Metalics and Energy Limited₹1,077₹29,982 cr21.4
Ratnamani Metals & Tubes Limited₹2,703₹18,943 cr57.6
Jindal Saw Limited₹291₹18,622 cr44.7
Usha Martin Limited₹496₹15,122 cr26.6
Godawari Power And Ispat limited₹238₹14,709 cr16.6
Gallantt Ispat Limited₹538₹12,974 cr26.2
Maharashtra Seamless Limited₹720₹9,651 cr9.1
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.29%
trailing 12 months
Dividend / share (TTM)
₹1
Last dividend
₹1
ex 11 Sep 2026
ActionDetailEx-date
Dividend₹1 / share11 Sep 2026
Dividend₹0.75 / share12 Sep 2025
Dividend₹0.5 / share5 Sep 2019
Dividend₹0.5 / share6 Sep 2018
Who owns it · 2026-06-30
No pledge
Promoter
51.2%
FII / Foreign
0.9%
DII / Domestic
0.2%
Retail / others
47.8%
Smart-money activity
Insider trades
SoldMr. Sajiv Dhawan · Director3,500 · ₹7.7 L5 Mar 25
SoldJivesh Dhawan · Immediate relative750 · ₹1.6 L23 Feb 24
SoldChand Jagdishlal Seth · Immediate relative10,000 · ₹20.2 L14 Dec 23
Bulk / block deals
short · NSE1993 Sep 26
short · NSE8725 Aug 26
short · NSE1218 Feb 26
Stake changes
SoldDhirendra B. Sanghavi→ 8.98% · 51.35 L4 May 26
SoldDhirendra B Sanghavi→ 10.06% · 31.94 L1 Jul 25
BoughtVeena Ravi Bhushan Bhardwaj · promoter→ 1.99% · 10.62 L18 Aug 20
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 26 Sep 2025
See the official result
1
Adoption of Audited Financial Statements (Standalone and Consolidated) of the Company for the Financial Year 2024-25 ended 31st March, 2025 including, the Balance Sheet as at 31st March, 2025, Statement of Profit and Loss and Cash Flow for the Financial year 2024-25, together with the Board's Report and Report of the Statutory Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
4.14 cr votes for, 1,031 against · 0% of mutual funds and other big investors said no
2
Declaration final dividend @7.5% (i.e. Rs. 0.75/- per share) on Equity Share of face value of Rs. 10/- (Ten) each for the Financial Year ended 31st March, 2025.
Backed by 100% of shareholders other than promotersneeded 50%
4.15 cr votes for, 1,066 against · 0% of mutual funds and other big investors said no
3
To appoint a director in place of Mr. Suhrit Bhardwaj (DIN - 02318190), who retires by rotation and, being eligible, offers himself for re-appointment
Promoters had a personal stake in this
Backed by 99% of shareholders other than promotersneeded 50%
4.08 cr votes for, 6.12 L against · 68% of mutual funds and other big investors said no
4
Appointment of M/s. Lodha & Co. LLP, Chartered Accountants, New Delhi as the Statutory Auditors of the Company in place of retiring Auditors.
Backed by 100% of shareholders other than promotersneeded 75%
4.14 cr votes for, 7,919 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 5 named members
owning 51.1% between them · as of 2026-06-30
SUNFLAG LTD36.21%
SUHRIT RAVI BHUSHAN BHARDWAJ7.33%
SUPRA CORPORATION LIMITED4.73%
VEENA BHARDWAJ1.99%
PRANAV RAVI BHARDWAJ0.89%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.