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Suraj Limited
(SURAJLTD)
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Rating:52Neutral
Price Target:
₹185.00
▼(-12.09% Downside)
Action:Reiterated
Date:08/24/26
The score is driven by improved FY2026 financial performance and a reasonably leveraged balance sheet, but it is held back by high volatility in earnings/cash flows, weak technical trend/momentum (price below key DMAs with negative MACD), and a high P/E with a low dividend yield.
Positive Factors
FY2026 operating rebound
The FY2026 rebound demonstrates that Suraj can restore revenue and profitability after a weak period. If the improved gross margin and positive net margin persist, the business could rebuild earnings capacity and support reinvestment over the next several quarters.
Negative Factors
High earnings volatility
The sharp difference between FY2025 and FY2026 results makes normalized earnings difficult to assess and reduces confidence in near-term predictability. Persistent volatility could weaken planning, constrain reinvestment decisions, and make the recent profitability rebound less durable.
Read all positive and negative factors
Positive Factors
Negative Factors
FY2026 operating rebound
The FY2026 rebound demonstrates that Suraj can restore revenue and profitability after a weak period. If the improved gross margin and positive net margin persist, the business could rebuild earnings capacity and support reinvestment over the next several quarters.
Read all positive factors
Suraj Limited (SURAJLTD) vs. iShares MSCI India ETF (INDA)
Market Cap
₹3.35B
Dividend Yield0.82%
Average Volume (3M)116.00
Price to Earnings (P/E)40.8
Beta (1Y)0.26
Revenue Growth-15.18%
EPS Growth-19.65%
CountryIN
Employees121
SectorGeneral
Sector StrengthN/A
IndustrySteel
Share Statistics
EPS (TTM)-2.77
Shares Outstanding18,364,100
10 Day Avg. Volume62
30 Day Avg. Volume116
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)3.42
Price to Sales (P/S)2.29
P/FCF Ratio60.76
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
Suraj Limited Business Overview & Revenue Model
Company Description
Established in Ahmedabad, India, in 1960, Suraj Limited operates as a manufacturer and supplier of a broad spectrum of stainless steel seamless products. Its offerings, sold within India and exported to approximately 70 countries globally, encompa...
How the Company Makes Money
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Suraj Limited Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
71
Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 |
|---|---|---|---|
Income Statement | |||
| Total Revenue | 1.06B | 2.06B | 2.31B |
| Gross Profit | -4.71M | 770.05M | 2.59M |
| EBITDA | 24.79M | 223.99M | 111.50M |
| Net Income | -50.89M | 74.70M | 1.56M |
Balance Sheet | |||
| Total Assets | 2.06B | 2.26B | 2.22B |
| Cash, Cash Equivalents and Short-Term Investments | 1.58M | 1.59M | 1.58M |
| Total Debt | 438.86M | 603.02M | 640.80M |
| Total Liabilities | 694.07M | 882.58M | 894.50M |
| Stockholders Equity | 1.37B | 1.38B | 1.33B |
Cash Flow | |||
| Free Cash Flow | 120.05M | 77.61M | -3.37M |
| Operating Cash Flow | 236.53M | 172.66M | -1.56M |
| Investing Cash Flow | -88.72M | -62.35M | -142.93M |
| Financing Cash Flow | -148.74M | -110.66M | 231.52M |
Suraj Limited Technical Analysis
Negative
210.45
Price Trends
207.33
Negative
218.69
Negative
228.21
Negative
Market Momentum
-6.10
Positive
27.32
Positive
12.38
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SURAJLTD, the sentiment is Negative. The current price of 210.45 is above the 20-day moving average (MA) of 197.87, above the 50-day MA of 207.33, and below the 200-day MA of 228.21, indicating a bearish trend. The MACD of -6.10 indicates Positive momentum. The RSI at 27.32 is Positive, neither overbought nor oversold. The STOCH value of 12.38 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SURAJLTD.
Suraj Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ₹4.00B | 11.01 | ― | ― | 29.01% | -0.59% | |
64 Neutral | ₹7.35B | 9.06 | ― | ― | 80.77% | 283.94% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹3.35B | 40.83 | ― | 0.82% | -15.18% | -19.65% | |
51 Neutral | ₹3.55B | 20.91 | ― | ― | 51.93% | 45.78% | |
45 Neutral | ₹2.98B | 18.91 | ― | ― | 48.83% | -21.60% |
* General Sector Average
IN:SURAJLTD
Suraj Limited
183.00
-132.40
-41.98%
IN:BEDMUTHA
Bedmutha Industries Limited
110.00
-23.65
-17.70%
IN:MANAKSTEEL
Manaksia Steels Ltd
106.50
46.70
78.09%
IN:SHAH
Shah Metacorp Ltd
2.97
-0.93
-23.90%
IN:SHIVAUM
Shiv Aum Steels Ltd.
551.50
251.50
83.83%
IN:VRAJ
Vraj Iron & Steel Ltd.
119.50
-29.35
-19.72%
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.