Surana Industries Ltd - Stock Valuation and Financial Performance

Name: Surana Industries
Brand: Surana Industries

BSE: 513597 | NSE: SURANAIND | Steel & Iron Products | Small Cap

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Data

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Surana Industries stock performance -

PE Chart Key Ratios

P/E Ratio (SA):

0.00

Market Cap:

7.1 Cr.

52-wk low:

1.6

52-wk high:

1.6

Is an attractive stock to invest in?

1. Is a good quality company?

Data is not available for this company.

2. Is undervalued or overvalued?

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

3. Is a good buy now?

No data found

10 Year X-Ray of Surana Industries:

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'08	Mar'09	Mar'10	Mar'11	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16	Mar'17	TTM
ROCE % ⓘ	13.8%	10%	8.8%	9.9%	9.4%	7.5%	-4.1%	-4.7%	-20.2%	-26.1%	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	800	871	945	1,223	1,351	1,425	555	642	585	63.2	84
Sales YoY Gr.	-	8.9%	8.5%	29.4%	10.5%	5.5%	-61%	15.7%	-8.9%	-89.2%	-
Adj EPS ⓘ	19.2	15.8	-3.4	19.9	10.4	2.3	-34.9	-59	-92.2	-111.2	-147.3
YoY Gr.	-	-17.8%	-121.8%	NA	-48%	-77.8%	-1618.3%	NA	NA	NA	-
BVPS (₹) ⓘ	95.5	118.1	176.4	198.5	204.4	244.6	210.5	150	31.9	-82.4	-171.2
Adj Net Profit ⓘ	32.9	31.8	-9.3	54.1	30.1	10.3	-155	-263	-410	-566	-656
Cash Flow from Ops. ⓘ	-38.8	32.3	-101	145	18	198	-140	-29.8	-135	-91.5	-
Debt/CF from Ops. ⓘ	-13.4	22.6	-7.1	6.8	48.4	4.8	-8.8	-43.9	-11.1	-15.4	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-24.6%	-45.8%	-51.5%	-89.2%
Adj EPS ⓘ	-221.6%	-260.7%	NA	NA
BVPSⓘ	-198.4%	-183.4%	-173.2%	-358.2%
Share Price	-	-	-	-

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16	Mar'17	TTM
Return on Equity % ⓘ	18.1	13.3	-2.3	10.1	4.3	1.1	-15.3	-32.5	-99.9	416.6	116.2
Op. Profit Mgn % ⓘ	10.1	10.9	3.3	12.8	12.5	12.3	-10.3	-6.9	-31.8	-297.1	-393.4
Net Profit Mgn % ⓘ	4.1	3.6	-1	4.4	2.2	0.7	-28	-40.9	-70.2	-894.8	-780.2
Debt to Equity ⓘ	3.2	3.1	1.5	1.8	1.5	0.9	1.3	2	10.5	-3.4	-
Working Cap Days ⓘ	201	190	191	169	182	223	600	500	438	2,735	2,624
Cash Conv. Cycle ⓘ	60	50	94	99	109	117	313	274	276	1,937	-3,842

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to %

Sales growth has been subdued in last 3 years %

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

Latest Financials - Surana Industries Ltd.

	Standalone	Consolidated
TTM EPS (₹)	-147.3	-224.4
TTM Sales (₹ Cr.)	84.1	63.2
BVPS (₹.) ⓘ	-171.2	-378.5
Reserves (₹ Cr.) ⓘ	-807	-1,729
P/BV ⓘ	-0.01	0.00
PE ⓘ	0.00	0.00

From the Market
52 Week Low / High (₹)	1.59 / 1.59
All Time Low / High (₹)	1.59 / 448.00
Market Cap (₹ Cr.)	7.1
Equity (₹ Cr.)	44.5
Face Value (₹)	10
Industry PE ⓘ	22

Management X-Ray of Surana Industries:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

76.06

100.00

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

Valuation of Surana Industries

Analyst's Notes

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Key Ratios of Surana Industries

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'08	Mar'09	Mar'10	Mar'11	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16	Mar'17
Sales	799.95	871.13	945.02	1,223.03	1,351.42	1,425.01	555.21	642.18	584.83	63.24
Operating Expenses ⓘ	721.56	776.67	913.88	1,066.24	1,183.02	1,250.07	612.12	686.45	770.72	251.11
Manufacturing Costs	22.66	54.73	58.22	62.61	62.52	38.91	17.32	13.68	17.81	6.04
Material Costs	689.04	713.58	836.05	967.31	1,091.99	1,183.67	571.41	641.22	699.29	115.90
Employee Cost	2.56	3.06	6.47	24.38	18.29	18.44	12.93	4.56	5.89	5.16
Other Costs ⓘ	7.30	5.30	13.14	11.93	10.22	9.05	10.45	26.99	47.73	124.01
Operating Profit ⓘ	78.39	94.46	31.14	156.79	168.41	174.94	-56.91	-44.28	-185.89	-187.87
Operating Profit Margin (%)	9.8%	10.8%	3.3%	12.8%	12.5%	12.3%	-10.3%	-6.9%	-31.8%	-297.0%
Other Income ⓘ	4.73	3.08	33.32	1.81	15.87	5.43	3.03	7.97	4.70	1.78
Interest ⓘ	26.12	35.28	57.51	82.20	106.81	113.84	148.06	136.36	161.50	265.66
Depreciation ⓘ	7.39	12.29	22.04	25.67	32.73	39.03	31.93	61.83	42.20	39.79
Exceptional Items ⓘ	0	0	55.53	3.73	0	0	0	0	-140.83	-116.72
Profit Before Tax ⓘ	49.63	49.97	40.43	54.46	44.74	27.51	-233.88	-234.49	-525.72	-608.26
Tax ⓘ	17.20	17.47	5.72	-2.09	11.97	17.26	-78.41	28.29	0	0
Profit After Tax	32.42	32.50	34.71	56.55	32.77	10.25	-155.46	-262.79	-525.72	-608.26
PAT Margin (%)	4.1%	3.7%	3.7%	4.6%	2.4%	0.7%	-28.0%	-40.9%	-89.9%	-961.0%
Adjusted EPS (₹)	18.9	16.1	12.8	20.8	11.3	2.3	-34.9	-59.0	-118.0	-119.0
Dividend Payout Ratio (%)	8%	9%	12%	9%	11%	30%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16	Mar'17
Equity and Liabilities
Shareholders Fund	174.76	248.06	487.35	546.82	600.68	1,095.36	942.89	673.66	147.93	-419.59
Share Capital ⓘ	17.15	20.15	27.15	27.15	29.04	44.52	44.52	44.52	44.52	50.91
Reserves ⓘ	157.61	227.91	460.20	519.67	571.64	1,050.85	898.37	629.14	103.41	-470.50
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	518.37	728.77	715.25	954.75	833.91	910.11	1,236.52	1,253.79	1,216.19	692.33
Long Term Debt	518.37	728.77	715.25	705.06	532.70	566.40	900.59	855.66	722.18	0
Short Term Debt	0	0	0	249.70	301.21	343.72	335.93	398.13	494.02	692.33
Trade Payables	209.59	99.52	114.80	102.77	241.71	121.38	169.89	116.44	39.86	31.97
Others Liabilities ⓘ	98.37	78.10	96.45	125.54	432.97	208.36	49.06	202.12	324.48	1,073.83
Total Liabilities ⓘ	1,001.10	1,154.45	1,413.84	1,729.88	2,109.28	2,335.22	2,398.36	2,246.02	1,728.46	1,378.54
Fixed Assets
Gross Block	268.51	430.86	652.41	690.63	817.40	827.04	859.60	860.11	938.57	947.30
Accumulated Depreciation	32.14	44.06	70.26	77.03	108.81	148.43	179.55	247.83	290.03	330.01
Net Fixed Assetsⓘ	236.38	386.80	582.15	613.60	708.60	678.61	680.05	612.28	648.54	617.29
CWIP ⓘ	168.61	336.17	0	81.65	89.64	187.54	228.72	249.27	0	0
Investmentsⓘ	0.03	0.06	217.92	487.23	487.23	505.71	506.81	534.27	533.17	511.98
Inventories	162.05	138.61	180.65	210.76	296.41	298.77	299.71	258.69	165.77	148.79
Trade Receivables	165.85	148.30	242.85	275.19	395.51	311.33	364.44	336.03	291.31	166.34
Cash Equivalents	68.59	13.25	26.47	5.02	17.51	25.48	7.23	27.78	1.54	0.20
Others Assetsⓘ	199.60	131.27	163.81	56.44	114.40	327.78	311.41	227.70	88.13	-66.06
Total Assets ⓘ	1,001.10	1,154.45	1,413.84	1,729.88	2,109.28	2,335.22	2,398.36	2,246.02	1,728.46	1,378.54

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16	Mar'17
Cash Flow From Operating Activity ⓘ	-38.76	32.28	-100.61	144.75	17.96	198.40	-140.14	-29.83	-134.74	-91.47
PBT ⓘ	49.63	49.97	40.43	54.46	44.74	27.51	-233.88	-234.49	-384.89	-491.54
Adjustment ⓘ	31.44	47.40	71.21	103.25	130.49	151.56	177.32	209.87	235.76	426.79
Changes in Working Capital ⓘ	-93.06	-16.58	-154.03	83.79	-50.13	-31	-84.29	-4.62	14.55	-26.77
Tax Paid ⓘ	-1.02	-11.12	-6.95	-11.56	-5.50	-11.67	0.71	-0.60	-0.15	0.04
Cash Flow From Investing Activity ⓘ	-225.53	-331.11	-99.78	-397.66	-137.38	-388.34	-32.67	-11.31	58.54	1.03
Capex	-225.53	-331.09	118.08	-128.35	-137.38	-371.18	-31.97	-4.93	50.65	-0.11
Net Investments	0	-0.03	-217.86	-269.31	0	0	-1.10	0	0	0.03
Others ⓘ	0	0	0	0	0	-17.16	0.39	-6.38	7.90	1.11
Cash Flow From Financing Activityⓘ	306.08	243.49	213.62	231.46	131.91	197.92	154.55	54.95	57.35	89.91
Net Proceeds from Shares ⓘ	21	33.09	227.14	-38.14	25.81	135.73	0	0	0	0
Net Proceeds from Borrowing ⓘ	285.08	210.40	-13.52	269.60	106.10	138.86	0	25.89	8.30	0
Interest Paid ⓘ	0	0	0	0	0	-113.84	162.33	-33.12	-46.82	-0.21
Dividend Paid ⓘ	0	0	0	0	0	-5.34	0	-0.02	-0.02	0
Others ⓘ	0	0	0	0	0	42.50	-7.78	62.20	95.88	90.12
Net Cash Flow ⓘ	41.79	-55.34	13.22	-21.45	12.49	7.97	-18.26	13.81	-18.85	-0.53

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16	Mar'17
Ratios
ROE (%)	21.87	16.17	9.68	11.11	5.79	1.22	-15.35	-32.75	-129.81	N/A
ROCE (%)	13.84	10.01	8.82	9.92	9.36	7.52	-4.07	-4.73	-20.17	N/A
Asset Turnover Ratio	1.03	0.84	0.75	0.78	0.7	0.64	0.25	0.28	0.3	0.04
PAT to CFO Conversion(x)	-1.2	0.99	-2.9	2.56	0.55	19.36	N/A	N/A	N/A	N/A
Working Capital Days
Receivable Days	86	63	74	77	91	91	212	195	190	1,221
Inventory Days	68	61	61	58	68	76	188	155	129	839
Payable Days	99	79	47	41	58	56	93	81	41	113

Surana Industries Ltd Stock News

Surana Industries Ltd FAQs

What is the share price of Surana Industries?

Company share prices are keep on changing according to the market conditions. The closing price of Surana Industries on 01-Jan-1970 05:30 is ₹0.00.

What is the market cap of Surana Industries?

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 01-Jan-1970 05:30 the market cap of Surana Industries stood at ₹7.08.

What is the P/E ratio of Surana Industries?

The latest P/E ratio of Surana Industries as of 01-Jan-1970 05:30 is 0.00.

What is the P/B ratio of Surana Industries?

The latest P/B ratio of Surana Industries as of 01-Jan-1970 05:30 is -0.01.

What is the 52-week high and low of Surana Industries?

The 52-week high of Surana Industries is ₹1.59 and the 52-week low is ₹1.59.

What is the TTM revenue of Surana Industries?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Surana Industries is ₹84.06 ( Cr.) .

About Surana Industries Ltd

Surana Industries was incorporated in the year 1991, as Surana Metals & Steels (India), the name was changed to Surana Industries in 2002. The company is the flagship of Surana Group. Other company in the group is Surana Corparation that is involved in jewellery business.

Surana Industries Limited possesses a fully integrated state-of-the-art steel manufacturing plant at Gummidipoondi, Chennai. The unit is complete with the following facilities: Induction Furnace for the manufacturing of Mild Steel Ingots from Heavy Metal Scrap Steel plant for rolled products from Mild Steel Ingots and Billets (from 6mm to 36mm diameter)

Hot rolled products like cold Twisted Deformed (CTD) bars, TOR Steel, Thermo-Mechanically Treated (TMT) bars (known as Surana TMT), Mild Steel Wires, MS Structurals and Angels etc.

Cold Rolled Items - Surana Industries manufactures High Strength Deformed Steel bars (approved by Bureau of Indian Standards association), Thermo Mechanically treated bars known as SURANA TMT, CRS Reinforcing bars, Cold Twisted Deformed bars, Mild Steel Rounds and Mild Steel Structurals. The plant has an installed capacity to produce per annum 30,000 tonnes of mild steel ingots, and 1,09,800 tonnes of CTD bars and TMT bars.

Surana Industries Limited is one of the major TMT (thermo mechanically treated) bars manufacturer located in Chennai and sourced Eurotherm DEL India Limited to modernize their plant located at Gummidipoondi around 45KM from chennai.

CF series of online pyrometers have been used in the TMT line by Surana Industries. CF series of Infrared Radiation Thermometers are compact, on-line instruments for non contact temperature measurement from 300 to 25000 C in applications such as secondary metals processing -- hardening, forging, soldering and sintering - and many others with spectral response from 0.8 to 1.1mm(CF 100 series) or 1.45 to 1.8mm (CF 200 series), providing measurement of temperature which is relatively insensitive to variation in target surface emissivity. It has high accuracy digital signal processing system housed in rugged stainless steel. CF series thermometers may be configured from a PC via a serial interface and proprietary set-up software.

Surana adopts a unique and highly refined process in the making of Surana TMT bars. The infrastructure advantage of Surana's fully integrated steel manufacturing plant is complete with Programmable Logic Controllers (PLC), where in the entire process is fully computerized.Being the only plant in the private sector in Southern India, Surana offers a good value addition to the industry by studying and employing global trends in TMT processes.

Surana Industries has a team of well-qualified and experienced professionals who have in-depth knowledge of the steel industry. Keeping abreast with the latest trends in steel manufacturing, the company constantly analyses the latest trends so as to adopt to new technologies.SIL is an accredited / authorized conversion agent of SAIL for TMT BARS and has also entered into MOU with SAIL (Steel Authority of India Ltd.) & LTC (Long Term Contact) with RINL (Rashtriya Ispat Nigam Ltd.)

In 2011 Surana Industries acquired Surana Mines and Minerals Pte Limited.

Product range of the company includes:

Surana offers steel, can be described as high-strength steel having superior properties such as weldability, ductility and bendability meeting highest quality standards at domestic level.

MS Billets
MS Ingots
CTD Bars
Ms Wires rods
Ms Structural
MS Rounds
MS Angles
MS Channels
MS Beams
MS Joist
MS Flats
MS Plate
MS Square

Achievements/ milestones

During 1970-85, Surana was in the business of metal & finance.
Surana entered in the field of steel by trading business from 1986-1994. However it was a closely held company.
On 12th March 1991; 'surana metals & steels (India) limited' was incorporated as a public limited company. Since 1991, the Surana Group has been focusing on creation of high standards in their production fields.
The company received â€œthe best customer satisfaction award' and 'the best service and management' award issued by two academies at Chennai for the year 1991-1992.
Envisaging bright prospects for steel, in 1995 Surana embarked upon the steel manufacturing activity.
Company also received 'Certificate Of Excellence' Award By Rashtriya Ispat Nigam Ltd, Visakhapatnam Steel Plant (Southern Region) Highest Lifting Of Semis For the Year 1997-98.
In 2000, Surana added a power wing, for its captive consumption, utilizing (Non Conventional) wind energy. On and from 5th February 2002, Surana had Its name changed & thus was born 'Surana Industries Limited'.