Is Suraj a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Suraj Ltd is a average quality company .

Is Suraj undervalued or overvalued?

The key valuation ratios of Suraj Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Suraj share price return in the past 10 years?

Suraj Ltd share price has appreciated 20.6% annually (CAGR) over the past ten years.

Is Suraj a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Suraj Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

Suraj Ltd - Stock Valuation and Financial Performance

Name: Suraj
Brand: Suraj

BSE: 531638 | NSE: SURAJLTD | Steel & Iron Products | Small Cap

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Suraj Share Price

₹510.20 15.65 3.16%
as on 20-Dec'24 16:59

10 Year X-Ray of Suraj:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	9.3%	4.8%	4.9%	5.3%	5.9%	6.7%	6.8%	7.5%	25.9%	23.9%	-
Value Creation Index ⓘ	-0.3	-0.7	-0.7	-0.6	-0.6	-0.5	-0.5	-0.5	0.9	0.7	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	248	154	196	207	179	176	188	344	367	331	281
Sales YoY Gr.	-	-38.2%	27.9%	5.5%	-13.3%	-2.1%	7.2%	82.5%	6.7%	-9.8%	-
Adj EPS ⓘ	3.5	0.8	0.1	-1.1	0.8	0.2	-0.3	-0.3	8.9	10	11.5
YoY Gr.	-	-76.6%	-94%	-2340%	NA	-82.1%	-320%	NA	NA	12.9%	-
BVPS (₹) ⓘ	44.3	44.5	44.2	44.4	45.1	45.6	46.3	47.9	56.5	66.3	71
Adj Net Profit ⓘ	6.8	1.6	0.1	-2.2	1.6	0.3	-0.6	-0.5	16.3	18.4	21
Cash Flow from Ops. ⓘ	1	9.6	15.9	14.5	26.3	30.5	32.5	33.3	44.6	40.8	-
Debt/CF from Ops. ⓘ	132.2	12.7	7.3	7.7	3.8	2.7	1.7	1.1	0.5	0.8	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	3.2%	13%	20.6%	-9.8%
Adj EPS ⓘ	12.2%	64.1%	NA	12.9%
BVPSⓘ	4.6%	8%	12.7%	17.3%
Share Price	20.6%	68.6%	67.2%	184.2%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	8.2	1.9	0.1	-2.5	1.9	0.3	-0.7	-0.5	16.6	16.3	16.8
Op. Profit Mgn % ⓘ	10.3	11.9	7.9	6.3	10	9.8	7.2	3.6	9.5	11.9	14.3
Net Profit Mgn % ⓘ	2.8	1.1	0.1	-1	0.9	0.2	-0.3	-0.1	4.4	5.6	7.5
Debt to Equity ⓘ	1.5	1.4	1.4	1.3	1.1	0.9	0.6	0.4	0.2	0.3	0
Working Cap Days ⓘ	204	334	266	270	289	278	242	120	96	95	62
Cash Conv. Cycle ⓘ	175	300	225	214	234	218	181	81	61	55	11

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 16.80%

Sales growth is growing at healthy rate in last 3 years 20.63%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -17.38%

Latest Financials - Suraj Ltd.

	Standalone	Consolidated
TTM EPS (₹)	11.5	13.6
TTM Sales (₹ Cr.)	281	281
BVPS (₹.) ⓘ	71	73.4
Reserves (₹ Cr.) ⓘ	112	116
P/BV ⓘ	7.18	6.96
PE ⓘ	44.34	37.51

From the Market
52 Week Low / High (₹)	171.50 / 519.25
All Time Low / High (₹)	0.43 / 494.65
Market Cap (₹ Cr.)	937
Equity (₹ Cr.)	18.4
Face Value (₹)	10
Industry PE ⓘ	22.2

Management X-Ray of Suraj:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Suraj

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Suraj

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	248	153	196	207	179	176	188	344	367	331
Operating Expenses ⓘ	225	137	181	194	162	159	175	331	332	291
Manufacturing Costs	10	9	12	16	14	15	14	32	37	31
Material Costs	193	107	149	147	131	124	145	280	269	228
Employee Cost	10	9	11	11	11	14	12	14	17	22
Other Costs ⓘ	11	11	8	21	5	6	4	6	8	10
Operating Profit ⓘ	24	17	16	13	18	17	14	12	35	39
Operating Profit Margin (%)	9.6%	10.8%	7.9%	6.3%	9.8%	9.8%	7.2%	3.6%	9.5%	11.9%
Other Income ⓘ	3	1	1	4	0	1	4	5	6	3
Interest ⓘ	10	10	9	10	10	10	9	6	4	4
Depreciation ⓘ	7	7	6	6	7	7	7	7	8	9
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	9	1	1	1	1	2	2	5	29	30
Tax ⓘ	2	0	0	1	0	1	1	2	8	9
Profit After Tax	7	0	0	0	1	1	1	3	20	21
PAT Margin (%)	2.8%	0.3%	0.2%	0.2%	0.8%	0.6%	0.7%	0.9%	5.5%	6.2%
Adjusted EPS (₹)	3.6	0.2	0.2	0.2	0.7	0.5	0.7	1.6	11.0	11.3
Dividend Payout Ratio (%)	42%	0%	0%	0%	0%	0%	0%	0%	0%	13%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	85	86	85	86	87	88	89	92	104	122
Share Capital ⓘ	19	19	19	19	19	19	19	19	18	18
Reserves ⓘ	66	66	66	66	68	69	70	73	85	103
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	124	122	116	112	99	81	56	35	22	34
Long Term Debt	0	0	0	0	0	0	0	0	0	0
Short Term Debt	124	122	116	112	99	81	56	35	22	34
Trade Payables	8	2	17	8	6	12	16	21	5	14
Others Liabilities ⓘ	17	6	10	8	7	8	8	9	15	16
Total Liabilities ⓘ	235	216	229	213	198	188	169	158	146	185
Fixed Assets
Gross Block	151	152	152	157	159	163	165	172	190	224
Accumulated Depreciation	77	84	90	96	103	109	116	123	131	139
Net Fixed Assetsⓘ	74	68	63	61	57	54	49	49	60	85
CWIP ⓘ	0	0	3	0	0	0	0	0	0	0
Investmentsⓘ	0	0	0	0	0	0	0	0	0	13
Inventories	112	101	99	88	84	93	77	61	28	24
Trade Receivables	27	33	42	42	31	22	25	28	33	34
Cash Equivalents	11	5	5	4	5	3	0	1	1	0
Others Assetsⓘ	11	8	17	18	22	17	17	19	24	28
Total Assets ⓘ	235	216	229	213	198	188	169	158	146	185

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	1	10	16	14	26	31	33	33	45	41
PBT ⓘ	9	1	1	1	1	2	2	5	29	30
Adjustment ⓘ	13	15	14	16	17	16	15	13	12	12
Changes in Working Capital ⓘ	-18	-3	2	-2	9	13	16	17	13	11
Tax Paid ⓘ	-3	-3	0	-1	-1	-1	-1	-1	-8	-13
Cash Flow From Investing Activity ⓘ	-6	5	-2	-1	-2	-4	-2	-7	-19	-47
Capex	-2	-2	-3	-2	-2	-4	-2	-7	-19	-34
Net Investments	0	0	0	0	0	0	0	0	0	-13
Others ⓘ	-4	6	1	0	0	0	0	0	0	0
Cash Flow From Financing Activityⓘ	2	-14	-13	-14	-23	-28	-34	-26	-26	6
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-5	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-8	-8	-8	-10	-10	-10	-9	-6	-4	-3
Dividend Paid ⓘ	-3	-3	0	0	0	0	0	0	0	-3
Others ⓘ	18	-3	-6	-5	-13	-18	-25	-20	-22	12
Net Cash Flow ⓘ	-3	0	0	-1	1	-1	-3	0	0	0

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	8.24	0.46	0.5	0.45	1.63	1.11	1.55	3.31	20.54	18.33
ROCE (%)	9.34	4.75	4.9	5.26	5.94	6.7	6.84	7.49	25.85	23.89
Asset Turnover Ratio	1.12	0.71	0.93	0.94	0.87	0.91	1.06	2.11	2.42	2
PAT to CFO Conversion(x)	0.14	N/A	N/A	N/A	26	31	33	11	2.25	1.95
Working Capital Days
Receivable Days	34	69	67	74	74	54	45	28	31	37
Inventory Days	153	244	177	165	175	184	165	73	44	29
Payable Days	13	16	23	31	19	26	35	24	18	15

Suraj Ltd Stock News

Suraj Ltd FAQs

What is the share price of Suraj?

Company share prices are keep on changing according to the market conditions. The closing price of Suraj on 20-Dec-2024 16:59 is ₹510.2.

What is the market cap of Suraj?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 20-Dec-2024 16:59 the market cap of Suraj stood at ₹936.9.

What is the P/E ratio of Suraj?

The latest P/E ratio of Suraj as of 20-Dec-2024 16:59 is 44.34.

What is the P/B ratio of Suraj?

The latest P/B ratio of Suraj as of 20-Dec-2024 16:59 is 7.18.

What is the 52-week high and low of Suraj?

The 52-week high of Suraj is ₹519.2 and the 52-week low is ₹171.5.

What is the TTM revenue of Suraj?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Suraj is ₹280.6 ( Cr.) .

About Suraj Ltd

Suraj, earlier known as Suraj Stainless, a Suraj Group company, was founded by Tarachand Balaji Shah in 1960. Suraj Group established has spearheaded the mini-revolution with the aim to be one of the market leaders in the country. In 2011 company changed its name from Suraj Stainless Ltd to Suraj Ltd.

The company manufactures Stainless Steel Seamless & Welded Pipes, Tubes & â€˜Uâ€™ Tubes are manufactured and tested to international Standards, under strict supervision of highly qualified and experienced technocrats, to satisfy and meet the most critical demands of reputed industrial users for various applications, sizes, grades and specifications as per ASTM and also conforming other international GradeStandards Equivalent to ASME, DIN, NFA, JIS, etc.

Suraj Stainless specialises in tubing for Heat exchangers, Heater, Condensers, Heating Elements and Instrumentation with facility of annealed, pickled, cold rolled and weld bead removed tubes upto 22-meters long tubes. Suraj Stainless is a Govt. of India recognized Export House and is selling its premium products in India and abroad to more than 53 countries in all over the world.

All products of Suraj Stainless Ltd.' have to meet a very high standard, set by stringent quality specifications and norms. All process parameters and conditions are developed and constantly monitored throughout the entire manufacturing process.

A quality system to ISO 9001 : 2000 , AD 2000 â€“ Merkblatt / WO , and PED â€“ 97 /23/EC as outlined in this manual has been developed and implemented to ensure that all the customer requirements is satisfied. The quality system is applicable to all departments and all activities undertaken by the company for manufacturing of Stainless Steel Seamless/Welded Pipes, Tubes and â€˜Uâ€™ Tubes.

In 2010 commenced Production of Large Diameter Fusion Welded Pipes to Specification ASTM A-358. A-409, A-779, A-928

Product range of the company includes:

Seamless ferritic and austenitic alloy steel boiler, super heater and heat Exchanger tubes

The company is specialized in tubing for equipment like

- Heat Exchanger- Heating Elements- Surface Condensers- Evaporators- Digesters- Instrumentation and Fluid Pipings.