Suraj
- Market cap
- ₹ 366 Cr.
- P/E
- 46.4x
- P/B
- 2.76x
- 52-week range
- 177.99 – 308.99
- ROE
- 5%
- ROCE
- 7%
- Dividend yield
- 0.7%
- Debt / equity
- 0.44
- Sector
- Industrial Products
- Industry
- Iron & Steel Products
- Listed on
- NSE, BSE
About
Suraj Limited is an India-based manufacturer of stainless-steel pipes, tubes, and U tubes, flanges and fittings with electro polishing. The Company has plants located at Thol and Chandarda, Mehsana, Gujarat. Its products find application in various industry segments, such as pharmaceuticals, dyes and pigments, oil, refineries, and others. It caters to both domestic and international markets. The Company operates through a single segment, namely manufacturing stainless steel, seamless pipes, tubes, flanges & fittings business. It is a Government of India-recognized export house and sells its products in India and abroad to approximately 70 countries across the world. Its products include Seamless Heat Exchanger Tubes, Seamless Heat Exchanger U-Tubes, Seamless Instrumentation Tubes, Welded and Seamless Mechanical Polished Tubes, Welded and Seamless Electropolished Tubes, Seamless Pipes, Seamless Buttweld Fittings, Flanges and Stub Ends, and Forged Rings.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Iron & Steel Products: 148 companies →Suraj against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)46.4 against a typical 18.9: pricier than most peers (1st = cheapest).118th of 146
- Sales growth−22.5% against a typical +13.1% from a year earlier.102nd of 117
- Profit growth+109% against a typical +26.2% from a year earlier.19th of 105
- Share price, 3 months−5% against a typical −4.5%.71st of 134
- Size₹ 366.4 Cr. market value against a typical ₹ 156.5 Cr. (1st = largest).48th of 135
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 29 Oct 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 23 Jul 2026 | Financial Results | To consider and approve the Standalone and Consolidated financial results for the period ended Jun 30, 2026 |
| 7 May 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 16 Jan 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended December 31, 2025 and Declaration of Interim Dividend, if any, for the financial year 2025-26 |
| 10 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 24 Jul 2025 | Financial Results | To consider and approve the Standalone and Consolidated un-audited financial results along with the Limited Review Report for the quarter ended June 30, 2025. |
| 26 May 2025 | Financial Results | To consider and approve the financial results for the period ended March 31, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 85 | 93 | 76 | 55 | 57 | 64 | 59 | 50 | 50 | 62 | 43 | 39 |
| Expenses | 77 | 82 | 65 | 46 | 48 | 51 | 61 | 46 | 47 | 57 | 41 | 33 |
| Operating Profit | 7 | 11 | 11 | 9 | 8 | 13 | −2 | 5 | 4 | 5 | 2 | 6 |
| OPM % | 8.8% | 12.3% | 14.8% | 16.5% | 14.7% | 20.6% | −3.7% | 9.6% | 7.3% | 8.4% | 5.6% | 16.5% |
| Other Income | 1 | 1 | 1 | 0 | 2 | 1 | 2 | 1 | 1 | 1 | 3 | 1 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | −1 | 1 |
| Profit before tax | 5 | 9 | 9 | 6 | 7 | 10 | −5 | 2 | 1 | 2 | 5 | 5 |
| Tax % | 29.2% | 29.3% | 30.8% | 30.9% | 30.7% | 29.3% | −28.3% | 29% | 53.8% | 30.3% | 27.1% | 32.4% |
| Net Profit | 4 | 6 | 6 | 4 | 5 | 7 | −4 | 2 | 1 | 1 | 4 | 3 |
| EPS in Rs | 2.06 | 3.49 | 3.26 | 2.29 | 2.47 | 3.72 | −2.11 | 0.84 | 0.3 | 0.74 | 2.07 | 1.76 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 3%
- 5 Years
- 2%
- 3 Years
- −18%
- TTM
- −15%
- 10 Years
- 33%
- 5 Years
- 38%
- 3 Years
- −31%
- TTM
- −1%
- 10 Years
- 17%
- 5 Years
- 25%
- 3 Years
- 12%
- TTM
- —
- 10 Years
- 7%
- 5 Years
- 11%
- 3 Years
- 10%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Suraj | ₹ 212.86 | ₹ 366 Cr. | 46.4x | 2.8x | 5% | — |
| JSW Steel | ₹ 1,187.00 | ₹ 2,90,275 Cr. | 42.2x | 3.1x | — | 14.8% |
| Tata Steel | ₹ 167.25 | ₹ 2,08,786 Cr. | 19.2x | 2.3x | 11.2% | 4.7% |
| Lloyds Metals And Energy | ₹ 1,780.40 | ₹ 1,00,195 Cr. | 28.4x | 7.7x | 36.2% | 22.4% |
| Jindal Steel | ₹ 1,012.00 | ₹ 1,04,634 Cr. | 26.1x | 2.1x | — | 7.5% |
| Steel Authority of India | ₹ 165.00 | ₹ 70,012 Cr. | 17.3x | 1.1x | 5.7% | 3% |
Management
- Ashokbhai T. Shah
- Chairman of the Board
- Gunvantbhai T. Shah
- Executive Vice Chairman of the Board
- Rashmi Krunal Lakhani
- Company Secretary and Compliance Officer
- Kunalbhai T. Shah
- Managing Director, Executive Director
- Ashu Malik
- Additional Whole Time Director
Prices are delayed and for information only. Nothing on this page is investment advice.