SUNFLAG

Sunflag Iron And Steel Company Limited

Integrated iron and steel producer of long and specialty steel products

Industrials›Capital Goods›Industrial Products›Iron & Steel Products

sunflagsteel.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹430.40
Market cap
7,767 Cr
Stock P/E
37.7
P/B
0.87
Dividend yield
0.2%
ROE (FY26)
2.3%
ROCE (FY26)
4.0%
Operating margin (FY26)
9.2%
Debt / equity (FY26)
0.05
OCF / EBITDA (FY26)
81.8%
OCF / EBITDA (3Y)
66.2%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Sunflag (Sunflag Iron and Steel Company) is a Nagpur-based integrated steel maker that sells alloy and special steel products to automotive, engineering, bearing, railways, oil and gas and industrial customers.

Company snapshot

11thBy market cap

Ranked among 64 companies in Iron & Steel Products.

What we see

Positives
  • ✓Debt-to-equity of 0.05x — the company is largely funded by its own money, not borrowed funds.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales858 Cr854 Cr919 Cr895 Cr866 Cr892 Cr883 Cr1,013 Cr973 Cr942 Cr1,001 Cr1,079 Cr
Operating expenses (approx.)759 Cr757 Cr820 Cr815 Cr767 Cr781 Cr783 Cr903 Cr872 Cr810 Cr877 Cr960 Cr
EBITDA99 Cr97 Cr99 Cr79 Cr99 Cr111 Cr100 Cr109 Cr101 Cr132 Cr124 Cr119 Cr
OPM %11.5%11.3%10.8%8.9%11.4%12.4%11.4%10.8%10.4%14.0%12.4%11.1%
Other income1 Cr1 Cr2 Cr3 Cr8 Cr3 Cr3 Cr19 Cr2 Cr2 Cr3 Cr11 Cr
Interest23 Cr26 Cr24 Cr21 Cr25 Cr22 Cr22 Cr21 Cr17 Cr17 Cr18 Cr14 Cr
Depreciation26 Cr26 Cr26 Cr26 Cr26 Cr26 Cr26 Cr27 Cr27 Cr31 Cr28 Cr30 Cr
Profit before tax52 Cr47 Cr52 Cr35 Cr55 Cr66 Cr55 Cr82 Cr59 Cr78 Cr81 Cr88 Cr
Tax %24.9%22.9%16.9%21.3%26.4%23.5%21.8%23.5%23.3%23.4%57.9%25.0%
Net profit39 Cr36 Cr43 Cr28 Cr41 Cr50 Cr43 Cr63 Cr46 Cr60 Cr34 Cr66 Cr
EPS (₹)₹2.15₹2.00₹2.38₹1.55₹2.26₹2.78₹2.40₹3.47₹2.53₹3.33₹1.90₹3.66

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,713 Cr2,186 Cr1,758 Cr1,892 Cr2,698 Cr3,488 Cr3,415 Cr3,536 Cr3,939 CrSign in free for the trailing twelve months
Operating expenses (approx.)1,567 Cr1,948 Cr1,587 Cr1,638 Cr2,300 Cr3,043 Cr3,040 Cr3,146 Cr3,463 CrSign in free for the trailing twelve months
EBITDA146 Cr238 Cr171 Cr253 Cr398 Cr446 Cr375 Cr389 Cr477 CrSign in free for the trailing twelve months
OPM %8.5%10.9%9.7%13.4%14.8%12.8%11.0%11.0%12.1%Sign in free for the trailing twelve months
Other income8 Cr11 Cr13 Cr11 Cr5 Cr7 Cr6 Cr17 Cr16 CrSign in free for the trailing twelve months
Interest35 Cr39 Cr43 Cr29 Cr42 Cr81 Cr97 Cr90 Cr72 CrSign in free for the trailing twelve months
Depreciation33 Cr38 Cr46 Cr70 Cr76 Cr81 Cr103 Cr104 Cr113 CrSign in free for the trailing twelve months
Profit before tax85 Cr172 Cr94 Cr166 Cr285 Cr1,485 Cr183 Cr212 Cr301 CrSign in free for the trailing twelve months
Tax %23.2%35.9%1.9%15.1%23.8%24.9%21.7%23.5%32.7%Sign in free for the trailing twelve months
Net profit65 Cr110 Cr92 Cr141 Cr217 Cr1,115 Cr144 Cr162 Cr202 CrSign in free for the trailing twelve months
EPS (₹)₹3.64₹6.12₹5.19₹7.80₹12.04₹61.89₹7.97₹8.99₹11.23Sign in free for the trailing twelve months
Dividend payout %———0.0%0.0%0.0%0.0%5.7%6.6%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital180 Cr180 Cr180 Cr180 Cr180 Cr180 Cr180 Cr180 Cr180 Cr
Reserves529 Cr760 Cr1,205 Cr1,353 Cr1,569 Cr3,162 Cr4,984 Cr8,586 Cr8,692 Cr
Borrowings269 Cr318 Cr267 Cr165 Cr528 Cr549 Cr670 Cr571 Cr475 Cr
Other liabilities358 Cr509 Cr745 Cr699 Cr808 Cr1,050 Cr1,187 Cr1,848 Cr1,944 Cr
Total liabilities1,338 Cr1,769 Cr2,399 Cr2,398 Cr3,087 Cr4,942 Cr7,022 Cr11,187 Cr11,292 Cr
Fixed assets (net)513 Cr537 Cr1,147 Cr1,190 Cr1,199 Cr1,591 Cr1,525 Cr1,442 Cr1,539 Cr
CWIP55 Cr202 Cr233 Cr173 Cr373 Cr193 Cr281 Cr297 Cr214 Cr
Investments9 Cr12 Cr11 Cr16 Cr70 Cr1,726 Cr3,642 Cr7,779 Cr7,692 Cr
Inventories406 Cr552 Cr563 Cr544 Cr837 Cr866 Cr833 Cr931 Cr976 Cr
Trade receivables205 Cr286 Cr212 Cr210 Cr276 Cr315 Cr346 Cr362 Cr339 Cr
Cash & bank4 Cr2 Cr6 Cr19 Cr16 Cr11 Cr194 Cr101 Cr182 Cr
Other assets147 Cr179 Cr228 Cr247 Cr316 Cr240 Cr202 Cr275 Cr350 Cr
Total assets1,338 Cr1,769 Cr2,399 Cr2,398 Cr3,087 Cr4,942 Cr7,022 Cr11,187 Cr11,292 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-15 Cr177 Cr218 Cr223 Cr43 Cr278 Cr244 Cr187 Cr390 Cr
Cash from investing-33 Cr-141 Cr-132 Cr-60 Cr-335 Cr-219 Cr-83 Cr-87 Cr-122 Cr
Cash from financing60 Cr-39 Cr-81 Cr-150 Cr289 Cr-63 Cr21 Cr-193 Cr-188 Cr
Net cash flow13 Cr-3 Cr5 Cr12 Cr-3 Cr-4 Cr182 Cr-93 Cr81 Cr
Free cash flow (OCF − Capex)-46 Cr46 Cr75 Cr169 Cr-295 Cr109 Cr119 Cr107 Cr262 Cr

Ratios

MetricMar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %12.3%16.7%8.3%11.4%14.4%40.2%4.8%3.2%4.0%
ROE %9.2%11.7%6.6%9.2%12.4%33.4%2.8%1.8%2.3%
Debtor days434844403733373731
Inventory days165136192180159140133152151
Days payable5766108918691847885
Cash conversion cycle151118129130110828611198
OCF / EBITDA %-10.5%74.4%127.5%88.1%10.8%62.3%65.2%48.1%81.8%
OCF / EBITDA % (3 years)———93.3%58.8%49.6%46.4%58.6%66.2%
Debt / equity0.380.340.190.110.300.160.130.070.05
Current ratio1.561.521.562.061.531.561.451.491.47
Net debt / EBITDA1.821.331.530.581.291.211.271.210.61