SURAJLTD
Suraj Limited
Iron and steel products manufacturer under Suraj group umbrella
Industrials›Capital Goods›Industrial Products›Iron & Steel Products
surajgroup.com(opens the company website in a new tab)Key metrics
Price as of 2026-10-19
Full years shown; sign in free for the trailing twelve months. Learn about these metrics →
Price & valuation
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What you need to know
Suraj Limited makes and exports stainless steel, alloy steel and carbon steel seamless pipes, tubes, fittings and flanges, from a works at Kadi in Mehsana district.
Company snapshot
49thBy market cap
Ranked among 64 companies in Iron & Steel Products.
What we see
- ✓Dividend payout of 37% — the company returns a meaningful share of profits to shareholders.
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
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 85 Cr | 93 Cr | 76 Cr | 55 Cr | 57 Cr | 64 Cr | 59 Cr | 50 Cr | 50 Cr | 62 Cr | 43 Cr | 39 Cr |
| Operating expenses (approx.) | 77 Cr | 82 Cr | 65 Cr | 46 Cr | 48 Cr | 51 Cr | 61 Cr | 45 Cr | 47 Cr | 57 Cr | 41 Cr | 33 Cr |
| EBITDA | 7 Cr | 11 Cr | 11 Cr | 9 Cr | 8 Cr | 13 Cr | -2 Cr | 5 Cr | 4 Cr | 5 Cr | 2 Cr | 6 Cr |
| 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 | 0.98 Cr | 0.73 Cr | 1 Cr | 0.49 Cr | 2 Cr | 0.52 Cr | 2 Cr | 1 Cr | 1 Cr | 0.64 Cr | 3 Cr | 0.89 Cr |
| Interest | 0.85 Cr | 0.78 Cr | 1 Cr | 0.73 Cr | 0.80 Cr | 1 Cr | 2 Cr | 1 Cr | 0.83 Cr | 1 Cr | 1 Cr | 1 Cr |
| Depreciation | 2 Cr | 2 Cr | 3 Cr | 3 Cr | 3 Cr | 3 Cr | 3 Cr | 3 Cr | 3 Cr | 3 Cr | -1 Cr | 1 Cr |
| Profit before tax | 6 Cr | 9 Cr | 9 Cr | 8 Cr | 8 Cr | 10 Cr | -7 Cr | 3 Cr | 1 Cr | 2 Cr | 4 Cr | 5 Cr |
| Tax % | 27.2% | 28.2% | 30.8% | 24.7% | 23.7% | 28.6% | 20.5% | 18.6% | 43.5% | 30.0% | 35.9% | 30.1% |
| Net profit | 4 Cr | 7 Cr | 6 Cr | 6 Cr | 6 Cr | 7 Cr | -6 Cr | 3 Cr | 0.83 Cr | 1 Cr | 3 Cr | 4 Cr |
| EPS (₹) | ₹2.30 | ₹3.67 | ₹3.31 | ₹3.10 | ₹3.52 | ₹3.84 | ₹-3.22 | ₹1.49 | ₹0.45 | ₹0.75 | ₹1.37 | ₹1.95 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2018 | Mar 2019 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|
| Sales | 207 Cr | 182 Cr | 331 Cr | 234 Cr | 206 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 190 Cr | 164 Cr | 291 Cr | 205 Cr | 190 Cr | Sign in free for the trailing twelve months |
| EBITDA | 17 Cr | 18 Cr | 39 Cr | 28 Cr | 16 Cr | Sign in free for the trailing twelve months |
| OPM % | 8.0% | 9.7% | 11.9% | 12.1% | 7.8% | Sign in free for the trailing twelve months |
| Other income | 0.26 Cr | 0.44 Cr | 3 Cr | 4 Cr | 6 Cr | Sign in free for the trailing twelve months |
| Interest | 10 Cr | 10 Cr | 4 Cr | 5 Cr | 4 Cr | Sign in free for the trailing twelve months |
| Depreciation | 6 Cr | 7 Cr | 9 Cr | 11 Cr | 7 Cr | Sign in free for the trailing twelve months |
| Profit before tax | 0.94 Cr | 0.96 Cr | 31 Cr | 18 Cr | 11 Cr | Sign in free for the trailing twelve months |
| Tax % | 62.9% | -48.1% | 28.9% | 28.0% | 30.4% | Sign in free for the trailing twelve months |
| Net profit | 0.35 Cr | 1 Cr | 22 Cr | 13 Cr | 7 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹0.17 | ₹0.73 | ₹11.90 | ₹7.24 | ₹4.07 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | 12.6% | 20.7% | 36.9% | 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
| Metric | Mar 2018 | Mar 2019 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Equity capital | 19 Cr | 19 Cr | 18 Cr | 18 Cr | 18 Cr |
| Reserves | 66 Cr | 68 Cr | 104 Cr | 115 Cr | 119 Cr |
| Borrowings | 112 Cr | 99 Cr | 34 Cr | 64 Cr | 60 Cr |
| Other liabilities | 16 Cr | 12 Cr | 29 Cr | 25 Cr | 28 Cr |
| Total liabilities | 213 Cr | 198 Cr | 186 Cr | 222 Cr | 226 Cr |
| Fixed assets (net) | 61 Cr | 57 Cr | 85 Cr | 89 Cr | 89 Cr |
| CWIP | — | 0 Cr | — | 0 Cr | 0 Cr |
| Investments | — | 0 Cr | 14 Cr | 15 Cr | 0 Cr |
| Inventories | 88 Cr | 84 Cr | 24 Cr | 52 Cr | 63 Cr |
| Trade receivables | 42 Cr | 31 Cr | 34 Cr | 33 Cr | 37 Cr |
| Cash & bank | 4 Cr | 5 Cr | 0.31 Cr | 0.16 Cr | 0.12 Cr |
| Other assets | 18 Cr | 22 Cr | 28 Cr | 33 Cr | 38 Cr |
| Total assets | 213 Cr | 198 Cr | 186 Cr | 222 Cr | 226 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2018 | Mar 2019 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Cash from operating activity | 14 Cr | 27 Cr | 41 Cr | -9 Cr | 17 Cr |
| Cash from investing | -1 Cr | -2 Cr | -47 Cr | -14 Cr | -6 Cr |
| Cash from financing | -14 Cr | -24 Cr | 6 Cr | 23 Cr | -11 Cr |
| Net cash flow | -1 Cr | 0.72 Cr | -0.36 Cr | -0.15 Cr | -0.04 Cr |
| Free cash flow (OCF − Capex) | 12 Cr | 24 Cr | 6 Cr | -24 Cr | 8 Cr |
Ratios
| Metric | Mar 2018 | Mar 2019 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| ROCE % | 5.3% | 6.1% | 22.0% | 11.8% | 7.6% |
| ROE % | 0.4% | 1.6% | 17.8% | 10.0% | 5.4% |
| Debtor days | 74 | 61 | 38 | 51 | 65 |
| Inventory days | 196 | 227 | 39 | 115 | 158 |
| Days payable | 18 | 15 | 22 | 27 | 43 |
| Cash conversion cycle | 252 | 273 | 55 | 139 | 181 |
| OCF / EBITDA % | 83.9% | 152.9% | 103.4% | -31.9% | 107.1% |
| OCF / EBITDA % (3 years) | — | — | — | — | 58.5% |
| Debt / equity | 1.31 | 1.13 | 0.27 | 0.48 | 0.44 |
| Current ratio | 1.22 | 1.29 | 1.16 | 1.23 | 1.35 |
| Net debt / EBITDA | 6.51 | 5.35 | 0.84 | 2.26 | 3.73 |