Surya Roshni Ltd
Surya Roshni Q4 FY26: Order Book ₹1,000 Cr
Q4 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #49 of 100 in Industrial Products
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The short version
FY27 revenue is projected at ₹9,400-₹9,500 crores (₹7,200 crores from Steel, ₹2,200 crores from Lighting), a 24-25% growth. For FY27, Surya Roshni Limited projects combined EBITDA of ₹680-700 crores, a 24-26% growth over FY26.
From Surya Roshni Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- FY27 revenue is projected at ₹9,400-₹9,500 crores (₹7,200 crores from Steel, ₹2,200 crores from Lighting), a 24-25% growth.
- Steel division volume target for FY27 is 11 lakh tons, a 21-22% increase over FY26's 9.04 lakh tons.
- Steel capacity to rise from 1.4 million tons currently to 1.6 million tons in FY27 and approximately 1.9 million tons by FY28-FY29.
- Exports expected to nearly double from 1.36 lakh tons in FY26 to over 2.5 lakh tons in FY27, with strong order books in North America and Europe.
- Value-added products to constitute a higher contribution, maintaining at 43% volume share in FY26 and expected growth ahead.
- Lighting segment targets ₹200 crores EBITDA in FY27, with continued double-digit revenue growth anticipated.
2 more points from Surya Roshni Ltd's call on revenue
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Profitability & Margins
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Capital Expenditure Plans
- Surya Roshni has undertaken significant capacity additions over the last 1.5 years, increasing capacity by about 2 lakh tons.
- Current capacity is around 1.4 million tons, expected to increase to 1.6 million tons in FY27.
- Further capacity expansion to approximately 1.9 million tons is planned by FY28-FY29, adding around 3 lakh tons.
- New capex projects will take about 9-10 months to impact volumes, with some benefits anticipated starting FY28.
- Focus on high-value, export-oriented, and value-added products continues, supported by export orders (e.g., 65,000 tons booked for North America).
2 more points from Surya Roshni Ltd's call on capex
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Top-ranked in Industrial Products
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Surya Roshni Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- The Steel Division currently has an order book of approximately ₹1,000 crores.
- This order book is driven by exports, spiral pipes, and some domestic API orders.
- The order book provides strong visibility for the first half of FY27.
- Lighting segment had an order book of ₹160 crores at the end of Q4 FY26, indicating healthy near-term execution visibility.
Surya Roshni Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹2.2K Cr, net profit ₹98 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Surya Roshni's management said in earlier quarters
- Q3 FY25 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q4 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
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Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Products
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Surya Roshni Ltd Q4 FY26 results?
FY27 revenue is projected at ₹9,400-₹9,500 crores (₹7,200 crores from Steel, ₹2,200 crores from Lighting), a 24-25% growth. For FY27, Surya Roshni Limited projects combined EBITDA of ₹680-700 crores, a 24-26% growth over FY26.
What is Surya Roshni Ltd share price analysis?
Surya Roshni Ltd currently shows a neutral. The stock trades at a P/E of 18.8 with a market cap of ₹5,369 Cr. Investors should review the full earnings analysis for detailed insights.
Is Surya Roshni Ltd planning capital expenditure?
Surya Roshni has undertaken significant capacity additions over the last 1.5 years, increasing capacity by about 2 lakh tons.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.