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Sunflag Iron & Steel Co. Ltd.
(SUNFLAG)
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Rating:64Neutral
Price Target:
₹482.00
▲(38.17% Upside)
Action:Reiterated
Date:09/29/26
The score is driven primarily by a solid financial foundation (notably low leverage) and improved FY2026 cash generation, supported by strong technical momentum with the stock trading above major moving averages. These positives are tempered by stretched overbought signals (RSI/Stoch) and an expensive valuation (high P/E with low dividend yield), which increases downside sensitivity if performance normalizes.
Positive Factors
Conservative leverage
Very low and improving leverage gives Sunflag financial flexibility through steel-market cycles. A stronger balance sheet can support maintenance spending, operational improvements, and resilience when industry profitability or demand weakens.
Negative Factors
Volatile profitability
The sharp normalization after FY2023 indicates that reported earnings can vary materially across the cycle. This reduces confidence in recurring profitability and makes future performance more dependent on steel spreads, utilization, and input-cost conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative leverage
Very low and improving leverage gives Sunflag financial flexibility through steel-market cycles. A stronger balance sheet can support maintenance spending, operational improvements, and resilience when industry profitability or demand weakens.
Read all positive factors
Sunflag Iron & Steel Co. Ltd. (SUNFLAG) vs. iShares MSCI India ETF (INDA)
Market Cap
₹81.98B
Dividend Yield0.23%
Average Volume (3M)32.96K
Price to Earnings (P/E)37.9
Beta (1Y)1.68
Revenue Growth9.35%
EPS Growth4.58%
CountryIN
Employees1,216
SectorGeneral
Sector StrengthN/A
IndustrySteel
Share Statistics
EPS (TTM)11.43
Shares Outstanding180,219,450
10 Day Avg. Volume79,230
30 Day Avg. Volume32,960
Financial Highlights & Ratios
PEG Ratio0.69
Price to Book (P/B)0.39
Price to Sales (P/S)0.89
P/FCF Ratio16.67
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Sunflag Iron & Steel Co. Ltd. Business Overview & Revenue Model
Company Description
Sunflag Iron and Steel Company Limited, an Indian-based enterprise, specializes in the manufacturing and distribution of a wide array of rolled steel products. The company's extensive product portfolio encompasses various specialized steel grades,...
How the Company Makes Money
SUNFLAG primarily makes money by manufacturing and selling steel products. Its main revenue stream is the sale of finished steel (i.e., value-added products produced from its steelmaking and rolling/finishing operations) to customers such as indus...
Sunflag Iron & Steel Co. Ltd. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
78
Positive
Cash Flow
56
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 39.95B | 39.39B | 35.36B | 34.12B | 34.88B | 26.93B |
| Gross Profit | 13.15B | 11.94B | 10.86B | 6.47B | 7.18B | 6.22B |
| EBITDA | 4.76B | 4.86B | 4.06B | 3.81B | 16.46B | 4.05B |
| Net Income | 2.06B | 2.02B | 1.62B | 1.44B | 11.15B | 2.17B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 112.92B | 111.87B | 70.22B | 49.42B | 30.87B |
| Cash, Cash Equivalents and Short-Term Investments | 1.82B | 2.30B | 1.58B | 1.94B | 114.90M | 159.40M |
| Total Debt | 0.00 | 5.24B | 6.24B | 7.27B | 6.09B | 5.87B |
| Total Liabilities | -88.74B | 24.18B | 24.19B | 18.57B | 15.99B | 13.36B |
| Stockholders Equity | 88.74B | 88.73B | 87.66B | 51.64B | 33.42B | 17.49B |
Cash Flow | ||||||
| Free Cash Flow | 933.60M | 2.10B | 386.20M | 1.19B | 1.09B | -2.96B |
| Operating Cash Flow | 1.74B | 3.37B | 1.19B | 2.44B | 2.78B | 431.90M |
| Investing Cash Flow | -506.60M | -1.38B | -1.03B | -832.60M | -2.19B | -3.35B |
| Financing Cash Flow | -823.80M | -1.19B | -1.09B | 212.10M | -632.60M | 2.89B |
Sunflag Iron & Steel Co. Ltd. Technical Analysis
Positive
348.85
Price Trends
363.54
Positive
360.34
Positive
308.27
Positive
Market Momentum
25.00
Negative
67.74
Neutral
84.63
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SUNFLAG, the sentiment is Positive. The current price of 348.85 is below the 20-day moving average (MA) of 371.99, below the 50-day MA of 363.54, and above the 200-day MA of 308.27, indicating a bullish trend. The MACD of 25.00 indicates Negative momentum. The RSI at 67.74 is Neutral, neither overbought nor oversold. The STOCH value of 84.63 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:SUNFLAG.
Sunflag Iron & Steel Co. Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹605.59B | 47.80 | ― | 0.40% | 9.64% | 53.35% | |
68 Neutral | ₹716.35B | 29.75 | ― | 0.19% | 20.21% | 14.36% | |
68 Neutral | ₹177.85B | 26.40 | ― | 0.74% | -8.57% | -62.05% | |
65 Neutral | ₹190.77B | 42.41 | ― | 0.38% | -16.30% | -24.14% | |
64 Neutral | ₹81.98B | 37.93 | ― | 0.23% | 9.35% | 4.58% | |
64 Neutral | ₹615.80B | 18.58 | ― | 0.41% | 9.82% | 26.30% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:SUNFLAG
Sunflag Iron & Steel Co. Ltd.
432.35
167.57
63.29%
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Sunflag Iron & Steel Co. Ltd. Corporate Events
Sunflag Iron & Steel Announces Scheduled Exit of Independent Director Anand Kapre
Sep 21, 2026
Sunflag Iron Steel Co. Ltd., a Nagpur-based producer of iron and steel products, is listed on BSE and NSE and operates under India’s SEBI listing and disclosure framework. Its dual exchange presence positions the company as a notable partic...
Sunflag Iron & Steel sets 40th AGM, proposes dividend and board changes
Sep 1, 2026
Sunflag Iron Steel Co. Ltd. has convened its 40th Annual General Meeting for September 25, 2026, to be held via video conferencing and other audio-visual means, where shareholders will consider adoption of the FY 2025-26 standalone and consolidat...
Sunflag Iron & Steel Publishes Q1 FY27 Results, Opens Window for Physical Share Demat
Aug 12, 2026
Sunflag Iron Steel Co. Ltd., a Nagpur-based producer of iron and steel products listed on BSE and NSE, operates within India’s core metals sector and targets industrial and infrastructure demand. The company maintains detailed corporate gov...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.