SURYAROSNI

Surya Roshni Limited

Steel pipes, strips and lighting products under Surya brand

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

surya.co.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹212.40
Market cap
4,620 Cr
Stock P/E
14.8
P/B
1.76
Dividend yield
2.6%
ROE (FY26)
10.9%
ROCE (FY26)
15.2%
Operating margin (FY26)
4.7%
Debt / equity (FY26)
0.02
OCF / EBITDA (FY26)
82.2%
OCF / EBITDA (3Y)
81.5%

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

Surya Roshni makes steel pipes and strips for trade, government and export customers, and lighting, fans, appliances and wires and cables for Indian consumers and professional buyers.

Company snapshot

19thBy market cap

Ranked among 64 companies in Iron & Steel Products.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 75.9% of revenue

SegmentRevenue shareRevenuePBTAssets
Lighting & Consumer Durables
24.2%
451 Cr36 Cr1,023 Cr
Steel Pipe & Strips
75.9%
1,417 Cr89 Cr2,071 Cr

What we see

Positives
  • ✓Debt-to-equity of 0.02x — the company is largely funded by its own money, not borrowed funds.
2 more signals from the filings.Sign in free to see them all

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
Sales1,916 Cr1,938 Cr2,080 Cr1,893 Cr1,529 Cr1,868 Cr2,146 Cr1,605 Cr1,845 Cr1,927 Cr2,163 Cr2,046 Cr
Operating expenses (approx.)1,778 Cr1,783 Cr1,915 Cr1,742 Cr1,453 Cr1,718 Cr1,943 Cr1,535 Cr1,727 Cr1,783 Cr2,009 Cr1,934 Cr
EBITDA137 Cr155 Cr166 Cr151 Cr76 Cr150 Cr202 Cr70 Cr118 Cr145 Cr154 Cr112 Cr
OPM %7.2%8.0%8.0%8.0%5.0%8.0%9.4%4.3%6.4%7.5%7.1%5.5%
Other income2 Cr4 Cr7 Cr8 Cr7 Cr6 Cr9 Cr13 Cr23 Cr3 Cr16 Cr8 Cr
Interest6 Cr7 Cr4 Cr5 Cr6 Cr5 Cr5 Cr5 Cr9 Cr7 Cr6 Cr5 Cr
Depreciation29 Cr30 Cr29 Cr30 Cr31 Cr30 Cr31 Cr32 Cr32 Cr33 Cr33 Cr34 Cr
Profit before tax104 Cr121 Cr139 Cr123 Cr46 Cr121 Cr175 Cr46 Cr100 Cr107 Cr131 Cr81 Cr
Tax %26.6%25.6%25.4%25.0%25.7%25.5%25.9%26.4%25.5%25.8%25.0%26.1%
Net profit76 Cr90 Cr104 Cr92 Cr34 Cr90 Cr130 Cr34 Cr74 Cr80 Cr98 Cr60 Cr
EPS (₹)₹7.06₹8.34₹9.61₹8.52₹3.14₹4.13₹5.98₹1.55₹3.41₹3.66₹4.51₹2.74

Profit & loss (annual)

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

MetricMar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3,413 Cr5,975 Cr5,471 Cr5,561 Cr7,731 Cr7,997 Cr7,809 Cr7,436 Cr7,540 CrSign in free for the trailing twelve months
Operating expenses (approx.)3,183 Cr5,603 Cr5,117 Cr5,182 Cr7,288 Cr7,383 Cr7,237 Cr6,857 Cr7,053 CrSign in free for the trailing twelve months
EBITDA230 Cr372 Cr354 Cr379 Cr443 Cr614 Cr572 Cr579 Cr487 CrSign in free for the trailing twelve months
OPM %6.7%6.2%6.5%6.8%5.7%7.7%7.3%7.8%6.5%Sign in free for the trailing twelve months
Other income0.76 Cr4 Cr3 Cr5 Cr6 Cr5 Cr14 Cr30 Cr54 CrSign in free for the trailing twelve months
Interest88 Cr115 Cr114 Cr70 Cr64 Cr45 Cr24 Cr21 Cr28 CrSign in free for the trailing twelve months
Depreciation56 Cr89 Cr103 Cr103 Cr108 Cr115 Cr117 Cr123 Cr130 CrSign in free for the trailing twelve months
Profit before tax92 Cr172 Cr140 Cr211 Cr277 Cr459 Cr445 Cr465 Cr384 CrSign in free for the trailing twelve months
Tax %22.4%30.0%26.7%25.1%25.9%26.9%26.0%25.5%25.5%Sign in free for the trailing twelve months
Net profit72 Cr121 Cr103 Cr158 Cr205 Cr336 Cr329 Cr347 Cr286 CrSign in free for the trailing twelve months
EPS (₹)₹16.34₹22.20₹18.85₹29.35₹38.40₹62.78₹30.51₹15.95₹13.13Sign in free for the trailing twelve months
Dividend payout %———12.0%4.0%11.4%14.9%15.7%41.9%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 capital44 Cr54 Cr54 Cr54 Cr53 Cr54 Cr54 Cr109 Cr109 Cr
Reserves723 Cr1,097 Cr1,185 Cr1,314 Cr1,494 Cr1,810 Cr2,112 Cr2,356 Cr2,525 Cr
Borrowings852 Cr1,132 Cr1,032 Cr665 Cr580 Cr404 Cr4 Cr3 Cr65 Cr
Other liabilities499 Cr745 Cr700 Cr909 Cr987 Cr790 Cr752 Cr765 Cr846 Cr
Total liabilities2,118 Cr3,029 Cr2,971 Cr2,941 Cr3,115 Cr3,057 Cr2,922 Cr3,234 Cr3,545 Cr
Fixed assets (net)787 Cr1,089 Cr1,049 Cr1,015 Cr943 Cr901 Cr821 Cr826 Cr869 Cr
CWIP15 Cr25 Cr15 Cr10 Cr53 Cr8 Cr17 Cr57 Cr30 Cr
Investments68 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Loans & advances—0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr2 Cr2 Cr
Inventories541 Cr846 Cr918 Cr869 Cr988 Cr1,152 Cr1,087 Cr902 Cr1,005 Cr
Trade receivables542 Cr835 Cr696 Cr756 Cr888 Cr747 Cr718 Cr897 Cr937 Cr
Cash & bank19 Cr2 Cr1 Cr0.26 Cr0.26 Cr1 Cr35 Cr20 Cr44 Cr
Other assets146 Cr233 Cr292 Cr291 Cr243 Cr247 Cr243 Cr531 Cr658 Cr
Total assets2,118 Cr3,029 Cr2,971 Cr2,941 Cr3,115 Cr3,057 Cr2,922 Cr3,234 Cr3,545 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 activity181 Cr120 Cr276 Cr540 Cr285 Cr280 Cr540 Cr395 Cr401 Cr
Cash from investing-84 Cr-105 Cr-48 Cr-66 Cr-54 Cr-33 Cr-51 Cr-329 Cr-284 Cr
Cash from financing-105 Cr-37 Cr-229 Cr-475 Cr-231 Cr-246 Cr-454 Cr-80 Cr-92 Cr
Net cash flow-8 Cr-22 Cr-0.63 Cr-0.75 Cr0 Cr0.85 Cr34 Cr-15 Cr25 Cr
Free cash flow (OCF − Capex)95 Cr14 Cr226 Cr480 Cr227 Cr244 Cr478 Cr244 Cr241 Cr

Ratios

MetricMar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %11.1%12.6%11.2%13.8%16.0%22.2%21.6%19.7%15.2%
ROE %9.3%10.5%8.3%11.6%13.2%18.0%15.2%14.1%10.9%
Debtor days585146494234344445
Inventory days957082786172716568
Days payable462926433725242633
Cash conversion cycle10792102846680808381
OCF / EBITDA %78.7%32.3%78.1%142.4%64.4%45.6%94.3%68.2%82.2%
OCF / EBITDA % (3 years)———84.7%93.6%76.9%67.8%68.8%81.5%
Debt / equity1.110.980.830.490.370.220.00170.00120.02
Current ratio—1.331.381.451.511.923.063.353.21
Net debt / EBITDA3.623.042.911.751.310.66-0.05-0.030.04