SURAJLTDIndustrials

Suraj Limited

Iron & Steel Products · ISIN INE713C01016 · BSE 531638 · NSE EQ · FV ₹10
Last price
₹202
+2.32%today
What this company does

Suraj Limited operates in Iron & Steel Products, part of the Industrials sector. It booked ₹39 cr of revenue in its latest quarter (Q1 FY27) and kept 9.2% of sales as profit.

In the report:
55out of 100
Equitytale Health Score
Mixed

Healthier than 55% of companies in Industrials, on the 5 of 6 measures we could read for it. Each measure is ranked against the 51–290 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)
44

At close. Not part of the score.

Profitability & returns62

How much profit it earns on the money it employs

Balance sheet43

How much it owes, and whether earnings cover the interest

Cash quality84

Whether reported profit actually arrives as cash

Valuation2

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

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Profit up 31% vs last year
Promoters hold 75%
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Sales down 22% vs last year

What if I invest in SURAJLTD?

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 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — 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 We do not publish price targets or predict returns.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
₹202 +2.32%
latest close · 2026-09-17
52-wk low ₹19242 sessions so far52-wk high ₹247
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 ratio25.9Average
LowAverageHigh
P/B ratio2.69Moderate
Below bookModerateHigh
EV / EBITDA14.7Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity10.4%Fair
WeakFairStrong ▸15%
Return on capital16.8%Strong
WeakFairStrong
Net margin9.2%Decent
ThinDecentStrong
EBITDA margin18.7%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.44Comfortable
LowModerateHigh ▸1
Interest cover5.2×Strong
RiskyOkayStrong ▸5×
Current ratio1.35Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹371 cr
Book value
₹75
EPS
₹1.95
latest quarter
Net debt
₹60 cr
owes more than its cash
Enterprise value
₹431 cr
EBITDA
₹29 cr
annualised
EBIT
₹24 cr
annualised
Operating margin
15.2%
Return on assets
6.4%
Earnings yield
3.86%
P/S
2.37
Sales / share
₹85.0
Tax rate
32.3%
Face value
₹10
Shares
1.8 cr
Working capital
₹30 cr
Current assets
₹114 cr
Current liabilities
₹85 cr
Delivery %
82.3%
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 2026 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 3 models ₹83 vs market price ₹202 — price is 144% above it
Safety cushion-143.7%(target ≥ +20%)
Models span ₹29₹87, midpoint ₹83
Model ₹83
Price ₹202
Cheap sideExpensive side

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₹39 cr
Other Income₹88.7 L
Total Income₹40 cr
Cost of Materials₹24 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-5 cr
Employee Benefit Expense₹4 cr
Finance Costs₹1 cr
Depreciation & Amortisation₹1 cr
Other Expenses₹9 cr
Total Expenses₹35 cr
Profit before Tax₹5 cr
Tax Expense₹2 cr
Share of JV / Associates₹34.7 L
Net Profit₹4 cr
Net margin on total income9.0%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹19 cr46.6%
Employee benefit expense₹4 cr11.0%
Finance costs₹1 cr2.8%
Depreciation & amortisation₹1 cr3.4%
Other expenses₹9 cr23.4%
Tax expense₹2 cr3.8%
Profit for the period₹4 cr8.9%
Total income ₹40 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue62 cr43 cr39 cr
Total income63 cr46 cr40 cr
Expenses61 cr41 cr35 cr
Profit before tax2 cr5 cr5 cr
Tax58.9 L1 cr2 cr
Net profit (owners' share)1 cr3 cr4 cr
Net margin (owners' share, on revenue)2.2%5.8%9.2%
EPS (₹)0.751.371.95
YoY (latest quarter): total income -22.8% · net profit +30.8%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹226 cr
Shareholder equity
₹138 cr
parent shareholders
Total debt
₹60 cr
Cash
₹12.3 L
Cash flow · H1 FY26
Operating
₹24 cr
Investing
₹-1 cr
Financing
₹-22 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
0.74%
trailing 12 months
Dividend / share (TTM)
₹1.5
Last dividend
₹1.5
ex 23 Jan 2026
ActionDetailEx-date
Dividend₹1.5 / share23 Jan 2026
Dividend₹1.5 / share10 Feb 2025
Dividend₹1.5 / share31 Jan 2024
BuybackBuy Back of Shares18 Aug 2022
Dividend₹1.5 / share9 Jul 2015
Dividend₹1.5 / share12 Aug 2014
Who owns it · 2026-06-30
No pledge
Promoter
75.0%
Public
25.0%
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 · 9 Jul 2025
See the official result
1
(a) The Audited Standalone Financial Statement of the Company for the financial year ended March 31, 2025 and the reports of the Board of Directors and Auditors thereon. (b) The Audited Consolidated Financial Statement of the Company for the financial year ended March 31, 2025 and the reports of the Auditors thereon.
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
8.67 L votes for, 0 against
2
To appoint a director in place of Mr. Ashok Tarachand Shah (DIN: 00254255) who retires by rotation and being eligible offers himself for re-appointment.
Backed by 100% of shareholders other than promotersneeded 50%
8.67 L votes for, 0 against
3
To ratify the remuneration payable to the cost auditors of the company for the financial year ending on March 31, 2026
Backed by 100% of shareholders other than promotersneeded 50%
8.67 L votes for, 0 against
4
To Approve Remuneration of Mr. Gunvantkumar Tarachand Shah (DIN: 00254292), as Whole-Time Director and Vice Chairman of the Company
Backed by 100% of shareholders other than promotersneeded 75%
8.67 L votes for, 0 against

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 — 12 named members
owning 75.0% between them · as of 2026-06-30
ANILABEN ASHOKKUMAR SHAH19.43%
CHANDRIKA KUNAL SHAH15.79%
REKHA GUNVANT SHAH12.76%
ASHOK SHAH5.87%
KUNAL TARACHAND SHAH5.61%
SHAH GUNVANTKUMAR TARACHAND5.40%
DISHANT KUNAL SHAH3.02%
CHIRAG SHAH1.59%

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.