Surya Roshni Limited (SURYAROSNI) AI Stock Analysis

Surya Roshni Limited

(NSE:SURYAROSNI)

Select Model

Rating:66Neutral

Price Target:INR 211.00▲(3.81% Upside)

Action:reiterated

Date:08/27/26

The score is driven primarily by solid financial stability (low leverage) and consistent positive free cash flow, partially offset by weak recent income statement momentum and margin pressure. Technically, the stock trends bearish (below major moving averages with negative momentum), which meaningfully drags the overall score despite a reasonable P/E and dividend yield.

Positive Factors

Low leverageA conservatively financed balance sheet gives Surya Roshni financial flexibility through industry cycles. Low debt relative to equity can reduce financing strain, preserve capacity for operating needs, and support investment while profitability remains uneven.

Negative Factors

Limited revenue momentumMuted revenue progression indicates that recent expansion has not translated into sustained top-line momentum. Continued flat or declining sales could limit operating leverage, constrain reinvestment capacity, and make future earnings more dependent on cost control or product mix.

Surya Roshni Limited (SURYAROSNI) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 44.73B
Dividend Yield: 2.47%
Average Volume (3M): 41.28K
Price to Earnings (P/E): 14.2
Beta (1Y): 1.14
Revenue Growth: 11.69%
EPS Growth: 8.23%
Country: India
Employees: 3,319
Sector: General
Sector Strength: 55
Industry: Steel

Surya Roshni Limited Business Overview & Revenue Model

Company Description

Established in 1973 and headquartered in New Delhi, India, Surya Roshni Limited is a diversified manufacturer and marketer of industrial and consumer goods. The company primarily operates through two distinct segments: Steel Pipe and Strips, and Ligh...

How the Company Makes Money

Surya Roshni makes money primarily by manufacturing and selling physical products across two major revenue streams: (1) Steel/pipe & tube products and (2) Lighting and related electrical/consumer products. 1) Steel pipes and tubes (industrial/infrast...

Surya Roshni Limited Financial Statement Overview

Summary

Fundamentals are supported by a conservatively financed balance sheet (low leverage, improving versus earlier years) and consistently positive free cash flow with strong improvement in FY2026. Offsetting this, the income statement shows muted revenue growth and recent margin pressure (gross profit and net income down in FY2026 vs FY2025), indicating cyclical profitability risk.

Income Statement

63Positive

Balance Sheet

82Very Positive

Cash Flow

71Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	79.82B	75.40B	73.85B	78.09B	79.75B	77.12B
Gross Profit	14.85B	11.28B	18.01B	17.28B	10.83B	14.76B
EBITDA	5.71B	5.41B	5.79B	5.86B	6.13B	4.40B
Net Income	3.12B	2.86B	3.47B	3.29B	3.36B	2.05B
Balance Sheet
Total Assets	0	35.45B	32.34B	29.22B	30.57B	31.15B
Cash, Cash Equivalents and Short-Term Investments	4.53B	4.53B	2.96B	449.90M	11.10M	4.30M
Total Debt	0	798.10M	163.00M	160.10M	4.18B	5.93B
Total Liabilities	-26.34B	9.11B	7.69B	7.55B	11.94B	15.67B
Stockholders Equity	26.34B	26.34B	24.65B	21.66B	18.64B	15.48B
Cash Flow
Free Cash Flow	1.86B	2.51B	2.44B	4.78B	2.44B	2.27B
Operating Cash Flow	2.47B	4.10B	3.95B	5.40B	2.80B	2.85B
Investing Cash Flow	-2.89B	-3.20B	-3.29B	-514.60M	-331.80M	-536.20M
Financing Cash Flow	238.20M	-653.40M	-803.40M	-4.54B	-2.46B	-2.31B

Surya Roshni Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price203.25

Price Trends

50DMA214.25Negative

100DMA229.80Negative

200DMA231.39Negative

Market Momentum

MACD-3.24Positive

RSI42.16Neutral

STOCH52.10Neutral

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 203.25 is below the 20-day moving average (MA) of 210.27, below the 50-day MA of 214.25, and below the 200-day MA of 231.39, indicating a bearish trend. The MACD of -3.24 indicates Positive momentum. The RSI at 42.16 is Neutral, neither overbought nor oversold. The STOCH value of 52.10 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

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:SURYAROSNI against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:WELCORP	80Outperform	INR 615.85B	26.07	―	0.21%	13.62%	9.05%
IN:APLAPOLLO	70Outperform	INR 600.02B	46.05	―	0.39%	15.83%	24.85%
IN:JSL	68Neutral	INR 555.86B	16.65	―	0.44%	11.65%	20.53%
IN:SURYAROSNI	66Neutral	INR 44.23B	14.23	―	2.47%	11.69%	8.23%
IN:RATNAMANI	63Neutral	INR 162.60B	37.55	―	0.43%	-16.30%	-24.14%
IN:JINDALSAW	61Neutral	INR 146.03B	26.52	―	0.88%	-0.73%	-60.06%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* General Sector Average

Performance Comparison

IN:SURYAROSNI and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:SURYAROSNI	Surya Roshni Limited	203.25	-93.75	-31.57%
IN:APLAPOLLO	APL Apollo Tubes Limited	2161.00	388.17	21.90%
IN:JINDALSAW	Jindal Saw Limited	228.35	59.46	35.20%
IN:JSL	Jindal Stainless Limited	674.25	-60.36	-8.22%
IN:RATNAMANI	Ratnamani Metals & Tubes Ltd.	2319.85	-110.09	-4.53%
IN:WELCORP	Welspun Corp Limited	2334.60	1412.71	153.24%

Surya Roshni Limited Corporate Events

Surya Roshni Holds 53rd AGM Via Virtual Platform, Underscores Governance Focus

Sep 15, 2026

Surya Roshni Limited convened its 53rd Annual General Meeting on September 15, 2026 via video conferencing and other audio-visual means, using an NSDL-provided platform in line with Ministry of Corporate Affairs guidance. The virtual format demonstra...

Surya Roshni Issues Second Reminder on SEBI Special Window for Old Physical Shares

Aug 27, 2026

Surya Roshni Limited has notified stock exchanges that it has published newspaper notices reminding equity shareholders about a SEBI-mandated special window for the transfer and dematerialisation of physical securities sold or purchased before April...

Surya Roshni Sets September AGM to Approve Dividend and ₹1,000 Crore Working Capital Security

Aug 19, 2026

Surya Roshni Limited has convened its 53rd Annual General Meeting for September 15, 2026, to be held via video conferencing, where shareholders will review audited standalone and consolidated financial statements for FY 2025-26 and vote on a final di...

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 27, 2026

Surya Roshni Limited AI Stock Analysis