Arthneeti

Suraj Q2 FY27 Share Price & Earnings Call Analysis

₹196.90-1.13% today
Market cap
₹362 Cr
P/E
31.86
ROE
4.92%
PEG
-1.02
Price to sales
1.81
Debt to equity
0.50
52W high / low
₹285 / ₹182
Sales growth (5Y)
1.79%
EBITDA margin
10.47%
Net profit margin
3.17%
Promoter holding
75.00%
Sales (last year)
₹200 Cr

Incorporated in 1994, Suraj Ltd manufactures tube and tube fittings of basic iron and steel[1]

Potential multibaggers · Q2 FY27

Potential multibaggers in Industrial Products
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Suraj rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Industrial Products companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹448 Cr17.9
240%+Up 2%+₹413 Cr12.0
340%+Up 2%+₹324 Cr22.7
440%+Up 0–2%₹1,496 Cr32.8
540%+Up 0–2%₹1,079 Cr12.7
640%+Flat₹827 Cr21.4

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Pro shows every company guiding 40%+ revenue growth →Full Industrial Products ranking

Financials of Suraj

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Suraj

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%
FIIs +0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.02%0.00%0.00%0.00%0.00%
Government +0.38%0.38%0.38%0.38%0.38%0.38%0.00%0.00%0.00%0.00%0.00%0.00%
Public +24.62%24.62%24.63%24.61%24.61%24.62%24.99%24.98%24.99%25.00%24.99%25.00%
No. of Shareholders2,7333,2783,1413,1922,9912,8802,8382,7952,8122,7832,7862,773

Financials of Suraj

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +84.9293.0976.1754.7456.6463.6158.7550.3450.1961.8843.4339.0355.63
Expenses +77.4481.6064.9245.7248.3150.5160.9245.5046.5256.7041.0232.6148.70
Operating Profit7.4811.4911.259.028.3313.10-2.174.843.675.182.416.426.93
OPM %8.81%12.34%14.77%16.48%14.71%20.59%-3.69%9.61%7.31%8.37%5.55%16.45%12.46%
Other Income +0.980.731.370.491.560.521.661.371.230.642.830.890.60
Interest0.850.781.380.730.801.182.021.210.831.131.201.141.24
Depreciation2.242.402.582.702.552.772.882.832.882.74-1.161.392.11
Profit before tax5.379.048.666.086.549.67-5.412.171.191.955.204.784.18
Tax %29.24%29.31%30.83%30.92%30.73%29.27%-28.28%29.03%53.78%30.26%27.12%32.43%29.67%
Net Profit +3.796.405.994.214.546.84-3.881.550.551.363.803.242.95
EPS in Rs2.063.493.262.292.473.72-2.110.840.300.742.071.761.61

Financials of Suraj

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +248153196207179176188344367331234206200
Expenses +224136180190162159175331332291205190179
Operating Profit24171617181714123539281621
OPM %10%11%8%8%10%10%7%3.6%10%12%12%8%10%
Other Income +3100014563465
Interest101091010109644545
Depreciation77667777891175
Profit before tax911112252930171116
Tax %26%25%38%60%-48%38%29%35%30%31%31%31%
Net Profit +70001113202112711
EPS in Rs3.580.200.220.200.730.500.711.5610.9611.256.383.956.18
Dividend Payout %42%0%0%0%0%0%0%0%0%13%24%38%

Financials of Suraj

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital19191919191919191818181818
Reserves666666666869707385103112117123
Borrowings +130122116112998156352234646070
Other Liabilities +2082816122024302029252828
Total Liabilities235216229213198188169158146185220223239
Fixed Assets +74686361575449496085898997
CWIP0030000000000
Investments00000000013131313
Other Assets +1601471641521411341191098687118122130
Total Assets235216229213198188169158146185220223239

Financials of Suraj

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +1101614263033334541-917
Cash from Investing Activity +-65-2-1-2-4-2-7-19-47-14-6
Cash from Financing Activity +2-14-13-14-23-28-34-26-26623-11
Net Cash Flow-300-11-1-30-0-0-0-0
Free Cash Flow-18161324273026267-2311
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit17%75%101%93%153%181%243%278%151%136%-20%106%

Financials of Suraj

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days407879746245483033385165
Inventory Days212343242220234273194803839133178
Days Payable1564220163640277223148
Cash Conversion Cycle237415279274281282203826455153195
Working Capital Days43332415565784533113152
ROCE %8%5%5%5%6%7%7%8%26%24%12%7%

Continue your research

What Suraj's management said in earlier quarters

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