Surya Roshni Limited (SURYAROSNI) AI Stock Analysis

• Market Cap: ₹62.41B
• Dividend Yield: 1.49%
• Average Volume (3M): 24.57K
• Price to Earnings (P/E): 21.7
• Beta (1Y): 1.18
• Revenue Growth: -8.69%
• EPS Growth: -20.94%
• Country: IN
• Employees: 3,247
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Steel
• EPS (TTM): 1.50
• Shares Outstanding: 217,635,900
• 10 Day Avg. Volume: 27,680
• 30 Day Avg. Volume: 24,565
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹311.00
• Price Target Upside: 8.46% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 65 Neutral
• Price Target: ₹311.00 ▲(8.46% Upside)

Surya Roshni Limited's overall stock score is driven by its strong financial performance, characterized by consistent revenue growth and improving profitability. The technical analysis presents mixed signals, with short-term bearish indicators but long-term support. The valuation metrics suggest a fair valuation with moderate income potential. The absence of recent earnings call data and corporate events limits additional insights.

Surya Roshni Limited Business Overview & Revenue Model

Company Description

Surya Roshni Limited manufactures and markets steel pipes and tubes, lighting products, fans, home appliances, and PVC pipes in India. The company operates through Steel Pipe and Strips; and Lighting and Consumer Durables segments. It offers ERW steel pipes for agriculture, water transportation, fire-fighting, irrigation, greenhouse, and casing and tubing in bore wells, as well as construction activities, such as scaffolding; hollow section pipes; spiral welded pipes; and cold rolled strips and sheets. The company also provides various LED fittings and lamps; LED downlighter; LED strips, street, and flood lights; FTL fittings; irons, torches, and lanterns; extension board, holder, and immersion heater; CFL, FTL, and GLS lamps; indoor commercial, industrial, roadway, flood, landscape, and solar lightening products; and accessories, HID lamps, light sources, and high masts and poles. In addition, it offers celling, table, pedestal, wall, and domestic and industrial exhaust fans; and home appliances, including mixer and grinders, juicer mixer grinders, hand blenders, dry and steam irons, induction cooktops, sandwich makers, brewing products, steam and dry irons, storage and instant water heaters, immersion water heaters, air cooler, oil filled radiators, ceramic heaters, heat convectors, and halogen and quartz heaters. Further, the company provides CPVC, and uPVC plumbing and SWR pipes, as well as related fittings; and uPVC pressure piping systems. It exports its products to approximately 50 countries worldwide. Surya Roshni Limited was incorporated in 1973 and is headquartered in New Delhi, India.

How the Company Makes Money

Surya Roshni Limited generates revenue through its two main business segments: lighting and steel. In the lighting segment, the company makes money by manufacturing and selling a wide array of lighting products, such as LED lighting solutions, conventional lighting fixtures, and other related products. This is achieved through a robust distribution network that caters to both retail and institutional customers, including government projects and export markets. In the steel segment, Surya Roshni earns its revenue by producing and distributing a diverse range of steel pipes and tubes, which are utilized in various sectors including construction, agriculture, oil and gas, and water supply. The company's revenue is further bolstered by strategic partnerships and collaborations with other key players in the industry, as well as its focus on technological advancements and product innovation to meet evolving market demands.

Surya Roshni Limited Financial Statement Overview

Summary

Surya Roshni Limited exhibits a solid financial foundation with strong revenue growth, improving profitability, and efficient cash flow management. The company's low leverage and effective use of equity add to its financial stability. While there are areas for improvement, such as further enhancing asset utilization, the overall financial health is positive, positioning the company well for future growth in the steel industry.

Income Statement

Surya Roshni Limited has demonstrated a strong financial performance in its income statement with consistent revenue growth and improving profitability. Over the last few years, the company has maintained a healthy gross profit margin, showing efficiency in managing production costs. The net profit margin has also shown improvement, indicating better overall profitability. Revenue growth has been consistent, and the company has successfully improved its EBIT and EBITDA margins, reflecting strong operational performance.

Balance Sheet

The balance sheet of Surya Roshni Limited reflects a stable financial position with a strong equity base. The debt-to-equity ratio is low, indicating prudent leverage management. Additionally, the company has shown a good return on equity, which suggests effective use of shareholder funds. However, the equity ratio suggests that there is room for improvement in asset utilization.

Cash Flow

Surya Roshni Limited has shown robust cash flow management with consistent positive free cash flow. The operating cash flow to net income ratio indicates strong cash generation relative to net income, which is a positive sign for liquidity. While the free cash flow showed some volatility, the overall trend is upward, supporting the company's ability to finance its operations and growth initiatives.

Breakdown	TTM	Dec 2025	Dec 2023	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	74.36B	74.36B	79.75B	78.09B	77.12B	55.43B
Gross Profit	18.01B	18.01B	10.83B	17.28B	14.76B	11.66B
EBITDA	5.99B	5.79B	6.20B	5.86B	4.40B	3.78B
Net Income	3.47B	3.47B	3.36B	3.29B	2.05B	1.58B
Balance Sheet
Total Assets	32.34B	32.34B	30.57B	29.22B	31.15B	29.41B
Cash, Cash Equivalents and Short-Term Investments	2.96B	2.96B	446.80M	455.70M	4.30M	4.90M
Total Debt	163.00M	163.00M	4.18B	160.10M	5.93B	7.32B
Total Liabilities	7.69B	7.69B	11.94B	7.55B	15.67B	15.74B
Stockholders Equity	24.65B	24.65B	18.64B	21.66B	15.48B	13.67B
Cash Flow
Free Cash Flow	0.00	2.44B	2.44B	4.78B	2.27B	4.72B
Operating Cash Flow	0.00	3.95B	2.80B	5.40B	2.85B	5.40B
Investing Cash Flow	0.00	-3.29B	-331.80M	-514.60M	-536.20M	-658.80M
Financing Cash Flow	0.00	-803.40M	-2.46B	-4.54B	-2.31B	-4.75B

Surya Roshni Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 286.75
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SURYAROSNI, the sentiment is Negative. The current price of 286.75 is below the 20-day moving average (MA) of 292.66, below the 50-day MA of 302.62, and above the 200-day MA of 283.84, indicating a neutral trend. The MACD of -3.42 indicates Positive momentum. The RSI at 44.40 is Neutral, neither overbought nor oversold. The STOCH value of 33.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SURYAROSNI.

Surya Roshni Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BOROLTD	66 Neutral	42.22B	51.23	9.19%	―	5.16%	4.01%
SURYAROSNI	65 Neutral	₹62.41B	21.67	―	1.49%	-8.69%	-20.94%
BAJAJELEC	61 Neutral	62.67B	58.98	7.71%	0.55%	1.15%	-13.12%
ORIENTELEC	59 Neutral	42.73B	49.46	11.98%	0.75%	8.62%	23.56%
EVEREADY	57 Neutral	28.33B	34.00	17.88%	0.39%	5.32%	16.91%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%

Surya Roshni Limited Corporate Events

Surya Roshni Secures Rs. 75.40 Crore Order from Gujarat Gas

Surya Roshni Limited has secured a significant order worth Rs. 75.40 crore from Gujarat Gas Limited for the supply of 3LPE Coated ERW Steel Pipes. This contract, which is to be executed across multiple locations of Gujarat Gas Limited, highlights Surya Roshni’s strong positioning in the domestic market for steel pipes. The order is expected to be completed within 34 weeks, potentially enhancing the company’s revenue and reinforcing its reputation as a reliable supplier in the industry.