SURYAROSNICapital Goods

Surya Roshni Limited

Iron & Steel Products · ISIN INE335A01020 · BSE 500336 · NSE EQ · FV ₹5
Last price
₹210
+0.37%today
What this company does

Surya Roshni Limited operates in Iron & Steel Products, part of the Capital Goods sector. It booked ₹2,046 cr of revenue in its latest quarter (Q1 FY27) and kept 2.9% of sales as profit.

Where Illumination Meets Strength At Surya Roshni Limited (hereafter referred to as ‘Surya Roshni’, ‘Our Company’ or ‘We), we have long been part of India’s journey towards sustainable infrastructure. With specialised manufacturing competence in lighting, steel pipes and PVC products, our Company has earned the trust of several industries.
In the report:
57out of 100
Equitytale Health Score
Mixed

Healthier than 57% of companies in Capital Goods, on all six measures of filed financials. Each measure is ranked against the 16–113 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)
31

At close. Not part of the score.

Profitability & returns25

How much profit it earns on the money it employs

Balance sheet70

How much it owes, and whether earnings cover the interest

Cash quality86

Whether reported profit actually arrives as cash

Growth & consistency28

Whether sales and profit have grown, and how steadily

Valuation67

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 28% vs last year
Profit up 77% vs last year
Promoters hold 63%
No promoter shares pledged
Virtually debt-free
Turns profit into real cash
Watch-outs
! Thin 2.9% net margin

What if I invest in SURYAROSNI?

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 1% a year, it would become
₹12.62 lakh

The slider starts at 1%, 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 We do not publish price targets or predict returns.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
₹210 +0.37%
latest close · 2026-09-17
52-wk low ₹20742 sessions so far52-wk high ₹259
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 ratio19.2Average
LowAverageHigh
P/B ratio1.74Moderate
Below bookModerateHigh
EV / EBITDA9.5Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity9.1%Fair
WeakFairStrong ▸15%
Return on capital12.5%Fair
WeakFairStrong
Net margin2.9%Thin
ThinDecentStrong
EBITDA margin5.9%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.02Comfortable
LowModerateHigh ▸1
Interest cover16.3×Strong
RiskyOkayStrong ▸5×
Current ratio3.21Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹4,570 cr
Book value
₹121
EPS
₹2.74
latest quarter
Net debt
₹20 cr
owes more than its cash
Enterprise value
₹4,590 cr
EBITDA
₹481 cr
annualised
EBIT
₹344 cr
annualised
Operating margin
4.2%
Return on assets
6.7%
Earnings yield
5.22%
P/S
0.56
Sales / share
₹376.1
Tax rate
26.1%
Face value
₹5
Shares
21.8 cr
Working capital
₹1,776 cr
Current assets
₹2,580 cr
Current liabilities
₹805 cr
Delivery %
57.8%
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
Looks overpricedMedium confidence
Median of 2 models ₹107 vs market price ₹210 — price is 96% above it
Safety cushion-96.1%(target ≥ +20%)
Models span ₹101₹113, midpoint ₹107
Model ₹107
Price ₹210
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₹2,046 cr
Other Income₹8 cr
Total Income₹2,054 cr
Cost of Materials₹1,565 cr
Purchases of Stock-in-Trade₹144 cr
Inventory Change (±)₹-99 cr
Employee Benefit Expense₹121 cr
Finance Costs₹5 cr
Depreciation & Amortisation₹34 cr
Other Expenses₹203 cr
Total Expenses₹1,974 cr
Profit before Tax₹81 cr
Tax Expense₹21 cr
Net Profit₹60 cr
Net margin on total income2.9%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹1,610 cr78.4%
Employee benefit expense₹121 cr5.9%
Finance costs₹5 cr0.3%
Depreciation & amortisation₹34 cr1.7%
Other expenses₹203 cr9.9%
Tax expense₹21 cr1.0%
Profit for the period₹60 cr2.9%
Total income ₹2,054 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue1,927 cr2,163 cr2,046 cr
Total income1,930 cr2,179 cr2,054 cr
Expenses1,823 cr2,048 cr1,974 cr
Profit before tax107 cr131 cr81 cr
Tax28 cr33 cr21 cr
Net profit (owners' share)80 cr98 cr60 cr
Net margin (owners' share, on revenue)4.1%4.5%2.9%
EPS (₹)3.664.512.74
YoY (latest quarter): total income +27.0% · net profit +77.2%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹3,545 cr
Shareholder equity
₹2,634 cr
parent shareholders
Total debt
₹65 cr
Cash
₹44 cr
Cash flow · H1 FY26
Operating
₹247 cr
Investing
₹-289 cr
Financing
₹24 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
2.38%
trailing 12 months
Dividend / share (TTM)
₹5
Last dividend
₹2.5
ex 21 Aug 2026
ActionDetailEx-date
Dividend₹2.5 / share21 Aug 2026
Dividend₹2.5 / share17 Nov 2025
Dividend₹3 / share4 Sep 2025
Bonus issue1:11 Jan 2025
Dividend₹2.5 / share29 Nov 2024
Dividend₹2.5 / share23 Aug 2024
Who owns it · 2026-06-30
No pledge
Promoter
63.0%
FII / Foreign
3.8%
DII / Domestic
1.9%
Retail / others
31.3%
Promoter stake up 0.1% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtVINAY SURYA · Promoter Immediate Relative5,904 · ₹13.2 L18 Aug 26
BoughtGoel Die Cast Limited · Promoter Group25,000 · ₹47.8 L30 Mar 26
BoughtGoel Die Cast Limited · Promoter Group8,606 · ₹17.0 L27 Mar 26
Bulk / block deals
short · NSE463 Sep 26
short · NSE50011 Aug 26
short · NSE17 Aug 26
Stake changes
SoldKotak Investment Advisory Limited→ 2.13%28 Jun 19
SoldKotak Mahindra Investments Ltd→ 0.03% · 35.00 L28 Jun 19
SoldKotak Securities→ 0.00% · 40028 Jun 19
Promoter pledges
ReleasedSBI12.00 L · 2.21% held25 Aug 22
ReleasedSBI19.00 L · 3.49% held25 Aug 22
ReleasedSBI & PNB1,955 · 0.00% held12 Aug 22
What shareholders were asked to approve
2 proposals passed only on promoter votes

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 · 15 Sep 2026
See the official result
1
To receive, consider and adopt the audited standalone financial statement of the Company for the financial year ended 31st March, 2026 and the reports of the Board of Directors and Auditors thereon
Backed by 100% of shareholders other than promotersneeded 50%
1.67 cr votes for, 832 against · 0% of mutual funds and other big investors said no
2
To consider and adopt the audited consolidated financial statement of the Company for the financial year ended 31st March, 2026 and the report of Auditors thereon
Backed by 100% of shareholders other than promotersneeded 50%
1.67 cr votes for, 752 against · 0% of mutual funds and other big investors said no
3
To declare final dividend of Rs. 2.50/- per equity share for the financial year ended 31st March, 2026
Backed by 100% of shareholders other than promotersneeded 50%
1.68 cr votes for, 742 against · 0% of mutual funds and other big investors said no
4
To appoint Mr. Kaustubh Narsinh Karmarkar (DIN – 00288642) who retires by rotation as a Director and, being eligible, offers himself for re-appointment in compliance to the provision of the Companies Act, 2013
Backed by 74% of shareholders other than promotersneeded 50%
1.24 cr votes for, 43.70 L against · 71% of mutual funds and other big investors said no
7
Re-appointment of Mr. Jai Prakash Agarwal (DIN – 00041119), as Whole-time Director designated as Executive Chairman of the Company, not liable to retire by rotation, to hold office for a period of 5 (five) consecutive years w.e.f. 1st January, 2027 till 31st December, 2031 (both days inclusive)
⚑ Passed only because promoters voted yesPromoters had a personal stake in this
Backed by 64% of shareholders other than promotersneeded 75%
1.08 cr votes for, 59.57 L against · 96% of mutual funds and other big investors said no
8
Re-appointment of Mr. Vinay Surya (DIN – 00515803), as Managing Director of the Company, liable to retire by rotation, to hold office for a period of 5 (five) consecutive years w.e.f. 26th October, 2026 till 25th October, 2031 (both days inclusive)
⚑ Passed only because promoters voted yesPromoters had a personal stake in this
Backed by 72% of shareholders other than promotersneeded 75%
1.21 cr votes for, 46.70 L against · 75% 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 — 25 named members
owning 63.0% between them · as of 2026-06-30
DIWAKAR MARKETING PRIVATE LIMITED10.55%
CUBITEX MARKETING PRIVATE LIMITED9.14%
SHREYANSH MERCANTILE PRIVATE LIMITED5.84%
SAHAJ TIE-UP PRIVATE LIMITED5.74%
DICORD COMMODEAL PRIVATE LIMITED4.16%
SHIRIN COMMODEAL PRIVATE LIMITED3.89%
GOEL DIE CAST LIMITED3.69%
S M VYAPAAR PRIVATE LIMITED3.65%
Business done with them
FY2025 · 7 of the group
The company paid ₹32 cr to companies in the promoter group last year — about 0.4% of its ₹7,436 cr revenue.
Mr. Jai Prakash Agarwal
Other payments to them · Description is mentioned along with relevent line item
also owns 1.04% of the company
₹20 cr
company paid
Mr. Vinay Surya
Other payments to them · Description is mentioned along with relevent line item
also owns 1.08% of the company
₹11 cr
company paid
Puja Surya
Other payments to them · Description is mentioned along with relevent line item
also owns 0.25% of the company
₹99 L
company paid
Vasudha Surya
Other payments to them · Description is mentioned along with relevent line item
also owns 0.33% of the company
₹41 L
company paid
Mrs. Urmil Agarwal
Other payments to them · Description is mentioned along with relevent line item
also owns 0.54% of the company
₹33 L
company paid
Parinistha Surya
Other payments to them · Description is mentioned along with relevent line item
also owns 0.33% of the company
₹18 L
company paid
Mrs. Padmini Agarwal
Other payments to them · Description is mentioned along with the relevant line item
also owns 0.30% of the company
₹16 L
company paid

The company also transacted with 14 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

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.