1. India Stocks

  2. •

    Basic Materials

  3. •

    Steel
Suraj Ltd

Suraj Ltd

SURAJLTD.NS
Suraj LtdIN flagNational Stock Exchange of India
230.00
INR
+5.00
- -
4.22BMarket Cap
Suraj Ltd
SURAJLTD.NS
(National Stock Exchange of India)

Recent

price

230.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
123.64
129.24
137.92
123.55
128.92
79.68
101.88
106.26
90.8
90.31
97.16
176.94
193.68
179.6
125.81
- -
111.85
Revenue per Share
3.5
3.25
3.71
1.91
3.58
0.2
0.22
0.19
0.73
0.5
0.71
1.56
10.7
11.72
7.24
- -
4.06
Basic EPS, GAAP
1.94
-4.13
7.87
12.86
-1.74
4.14
6.82
6.37
12.33
13.77
15.6
13.73
13.74
3.15
-13.34
- -
- -
Free Cash Flow per Basic Share
1.32
1.5
1.5
1.5
1.5
1.52
- -
- -
- -
- -
- -
- -
- -
1.5
1.5
- -
- -
Dividend per Share
25.15
26.5
28.26
28.32
29.91
30.12
30.34
30.04
30.77
31.22
31.93
33.5
44.52
55.83
61.54
- -
63.98
Book Value per Share
38.98
40.48
42.41
42.57
44.24
44.44
44.67
44.38
45.11
45.56
46.27
47.84
55.14
66.63
72.2
- -
74.65
Tangible Book Value per Share
19
19
19
19
19
19
19
19
19
19
19
19
19
18
18
- -
18
Basic Weighted Avg Shares
2,382
2,490
2,657
2,380
2,483
1,535
1,963
2,047
1,749
1,740
1,872
3,409
3,644
3,298
2,310
2,029
2,059
Sales/Revenue/Turnover
9.7
9.55
9.49
6.7
6.65
6.2
4.93
3.19
6.45
6.04
3.78
1.56
7.45
9.17
7.6
4.36
4.29
Operating Margin (%)
100
102
104
107
73
71
63
64
66
67
69
73
79
94
109
73
73
Depreciation Expense
67
63
71
37
69
4
4
4
14
10
14
30
201
215
133
75
75
Net Income, GAAP
32.81
7.51
32.76
35.99
26.26
23.74
38.3
62.91
- -
38.74
28.58
34.8
29.69
29.96
28.03
30.41
30.42
Effective Tax Rate (%)
2.83
2.51
2.69
1.55
2.77
0.25
0.22
0.18
0.8
0.56
0.73
0.88
5.52
6.53
5.76
3.68
3.63
Profit Margin (%)
211
211
180
121
133
192
224
273
317
349
405
435
440
99
200
297
297
Working Capital
388
292
164
52
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
751
780
817
820
853
857
861
855
869
878
891
922
1,038
1,225
1,330
1,378
1,378
Total Equity
9.02
11.6
8.4
5.15
5.98
3.44
2.91
1.21
- -
3.62
3.19
2.49
13.95
13.49
6.7
3.02
3.02
Return on Invested Capital (%)
12.17
14.27
4.09
5.84
7.35
3.52
2.92
1.89
- -
4.16
5.31
5.77
22.03
19.76
10.59
5.82
5.92
Return on Capital (%)
19.93
12.57
13.55
6.75
12.28
0.68
0.74
0.62
2.4
1.63
2.26
4.76
27.14
23.11
12.35
6.47
6.47
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
439
- -
603
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
18
- -
18
Market Capitalization
5,849
4,601
3,939

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
954
- -
1,144
Cash, Cash Equivalents & STI
2
- -
2
Accounts Receivable, Net
254
- -
367
Inventories
556
- -
629
Total Current Liabilities
670
- -
847
Payables & Accruals
- -
- -
- -
ST Debt
439
- -
603
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.02%
9.23%
3.56%
Free Cash Flow
-56.99%
-149.34%
-131.68%
Net Income, GAAP
90.78%
122.77%
-43.85%
Sales/Revenue/Turnover
6.21%
7.48%
-12.19%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
765
849
931
753
3,298
2025
547
566
636
587
2,310
2026
503
502
619
434
2,029

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.62
2.3
3.67
- -
11.72
2025
3.1
3.52
3.84
-3.22
7.24
2026
1.49
0.45
0.75
1.37
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.5
2025
- -
- -
- -
- -
1.5
2026
- -
- -
- -
- -
- -
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Business
Suraj Ltd manufactures and sells stainless steel seamless pipes, tubes, U-tubes, flanges, fittings and electropolished products; specializes in tubing solutions for heat exchangers, LP/HP heaters, condensers and heating elements; and offers duly annealed, pickled, cold-rolled products with lengths up to 30 meters conforming to international standards including ASTM, ASME, DIN, EN, NFA and JIS. The company, part of the Suraj Group founded in 1960 and incorporated in 1994 as a public limited entity, maintains headquarters in Suraj House, opposite Usmanpura Garden, Ashram Road, Ahmedabad, Gujarat, India, and operates state-of-the-art facilities for mother pipe production via hot piercing, followed by cold pilgering or drawing processes using stainless steel round bars from reputed producers. A Government of India-recognized Export House, Suraj Ltd supplies premium products to diverse industries such as pharmaceuticals, dyes and pigments, oil and gas, refineries, chemicals and power plants in India and more than 70 countries worldwide. Recent financial performance reflects consolidated net profit of Rs 13 crore for fiscal year 2025, down from Rs 22 crore in 2024 amid sales contraction to Rs 234 crore, with net debt decreasing to Rs 44 crore as of September 2025; the company continues dividend payments at 0.55% yield and reports consolidated half-year profit after tax of Rs 3.57 crore for the period ended September 30, 2025.