Suraj

NSE: SURAJLTD · Iron & Steel Products

52W Range₹192 ₹349

Snapshot

Unlock Suraj's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Suraj Limited is an Indian manufacturer specialising in stainless steel seamless pipes, tubes, flanges, and fittings. The company serves a diverse range of industrial sectors, including pharmaceuticals, oil and gas, and refineries, with a significant global export footprint.

Business Model

The company generates revenue through the manufacturing and sale of high-quality stainless steel products tailored for industrial applications. It leverages a global distribution network, exporting to approximately 70 countries to maintain its market position.

  • Founded:1960

Growth Outlook

Growth is driven by sustained demand for specialised seamless tubes and fittings across critical infrastructure and process industries. The company continues to focus on expanding its international reach and product portfolio to capture emerging industrial opportunities.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the prices of stainless steel and nickel can significantly impact the company's operating margins.
  • Geopolitical and Trade Risks. As an exporter to 70 countries, the company is vulnerable to changes in international trade policies, tariffs, and geopolitical instability.
  • Cyclical Industrial Demand. Demand for industrial piping and fittings is highly dependent on capital expenditure cycles in the oil, gas, and pharmaceutical sectors.
  • Currency Exchange Risk. Significant exposure to international markets subjects the company to risks associated with foreign exchange rate volatility.

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Key Metrics

REVENUE

₹195 Cr

TTM · consolidated

-15.2%YoY

NET PROFIT

₹8 Cr

TTM · consolidated

-19.6%YoY

EPS

₹4.52

TTM · consolidated

-19.7%YoY

RETURN ON EQUITY

6.1%

TTM · consolidated

-1.7 ppYoY

RETURN ON CAPITAL EMPLOYED

12.6%

TTM · consolidated

-0.8 ppYoY

P/E

44.6x

Q1 FY27 · consolidated

44.6 vs 30.3x5Y avg

EV/EBITDA

18.5x

Q1 FY27 · consolidated

18.5 vs 14.9x5Y avg

EBITDA MARGIN

12.0%

TTM · consolidated

-0.7 ppYoY

NET PROFIT MARGIN

9.2%

Q1 FY27 · consolidated

+3.8 ppYoY

DEBT TO EQUITY

0.4x

Q1 FY27 · consolidated

-0.01xYoY

Peers · Iron & Steel Products

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
SurajSURAJLTD
₹371 Cr44.6418.50-15.2%12.0%6.1%12.6%-34.2%
Aerpace Industries LimitedAERPACE
₹615 Cr37.7031.84720.0%38.3%25.9%+56.3%
Panchmahal SteelPANCHMAHQ
₹572 Cr98.3631.355.0%3.9%7.2%+14.6%
Modern MalleableMODMA
₹524 Cr27.1019.54189.2%18.2%11.8%15.1%
Azad India Mobility LimitedAZADIND
₹488 Cr3.3%-1.4%-1.3%-31.0%
Shah MetacorpSHAH
₹347 Cr25.0724.4848.8%10.1%5.6%5.4%-2.2%

As of Q1 FY27

Financials