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Suraj Limited (IN:SURAJLTD)
:SURAJLTD
India Market
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Suraj Limited (SURAJLTD) AI Stock Analysis

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IN:SURAJLTD

Suraj Limited

(SURAJLTD)

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Neutral 52 (OpenAI - Gpt-5.6Sol)
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)

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
FY2026 shows a strong rebound with sharp revenue growth and improved profitability, and leverage is moderate/improving (debt-to-equity ~0.44). However, results are highly volatile versus FY2025 and cash-flow conversion is uneven (FCF ~45% of net income in FY2026, with prior-year negative OCF/FCF), reducing confidence in sustainability.
Income Statement
58
Neutral
Balance Sheet
71
Positive
Cash Flow
52
Neutral
BreakdownTTMMar 2025Mar 2024
Income Statement
Total Revenue1.06B2.06B2.31B
Gross Profit-4.71M770.05M2.59M
EBITDA24.79M223.99M111.50M
Net Income-50.89M74.70M1.56M
Balance Sheet
Total Assets2.06B2.26B2.22B
Cash, Cash Equivalents and Short-Term Investments1.58M1.59M1.58M
Total Debt438.86M603.02M640.80M
Total Liabilities694.07M882.58M894.50M
Stockholders Equity1.37B1.38B1.33B
Cash Flow
Free Cash Flow120.05M77.61M-3.37M
Operating Cash Flow236.53M172.66M-1.56M
Investing Cash Flow-88.72M-62.35M-142.93M
Financing Cash Flow-148.74M-110.66M231.52M

Suraj Limited Technical Analysis

Technical Analysis Sentiment
Negative
Last Price210.45
Price Trends
50DMA
207.33
Negative
100DMA
218.69
Negative
200DMA
228.21
Negative
Market Momentum
MACD
-6.10
Positive
RSI
27.32
Positive
STOCH
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

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
66
Neutral
₹4.00B11.01――29.01%-0.59%
64
Neutral
₹7.35B9.06――80.77%283.94%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
52
Neutral
₹3.35B40.83―0.82%-15.18%-19.65%
51
Neutral
₹3.55B20.91――51.93%45.78%
45
Neutral
₹2.98B18.91――48.83%-21.60%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
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.Date of analysis: Aug 24, 2026