Surya Roshni Limited (SURYAROSNI) AI Stock Analysis

• Market Cap: ₹58.42B
• Dividend Yield: 2.03%
• Average Volume (3M): 20.48K
• Price to Earnings (P/E): 17.6
• Beta (1Y): 1.08
• Revenue Growth: 0.31%
• EPS Growth: 1.98%
• Country: IN
• Employees: 3,247
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Steel
• EPS (TTM): 3.40
• Shares Outstanding: 217,635,900
• 10 Day Avg. Volume: 17,919
• 30 Day Avg. Volume: 20,485
• PEG Ratio: 3.58
• Price to Book (P/B): 2.27
• Price to Sales (P/S): 0.76
• P/FCF Ratio: 23.02
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 63 Neutral
• Price Target: ₹274.00 ▼(-2.16% Downside)

Surya Roshni Limited's overall stock score is primarily driven by its strong financial performance, which is the most significant factor. However, the bearish technical indicators and moderate valuation slightly offset the positive financials, resulting in a balanced but cautious outlook for the stock.

Positive Factors

Financial Stability

A strong equity base and low debt-to-equity ratio indicate prudent leverage management, supporting long-term financial stability and growth.

Cash Flow Management

Consistent positive free cash flow and strong cash generation relative to net income enhance liquidity, enabling the company to finance growth initiatives sustainably.

Profitability

Maintaining a healthy gross profit margin and improving net profit margin reflect strong cost management and operational efficiency, bolstering long-term profitability.

Negative Factors

Revenue Growth Decline

A decline in revenue growth can signal challenges in market demand or competitive pressures, potentially impacting future financial performance.

Earnings Decline

A decline in EPS growth suggests reduced profitability, which could affect investor confidence and the company's ability to reinvest in growth.

Asset Utilization

Inefficient asset utilization can limit the company's ability to maximize returns on investments, potentially hindering long-term growth prospects.

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 generates revenue through several key streams. Primarily, the company earns income from the sale of its lighting products, including LED bulbs, fixtures, and other lighting solutions, which cater to both residential and commercial markets. Additionally, the electrical cables segment contributes significantly to revenue, providing a variety of cables used in construction and infrastructure projects. The steel division, producing pipes and tubes, also adds to the company’s earnings, particularly in the industrial sector. The company has established significant partnerships with various distributors and retail networks, enhancing its market reach and sales. Furthermore, Surya Roshni's focus on innovation and sustainability attracts new customers and retains existing ones, thereby bolstering its revenue in a competitive marketplace.

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 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	71.47B	73.85B	78.09B	79.75B	77.12B	55.43B
Gross Profit	17.23B	18.01B	17.28B	10.83B	14.76B	11.66B
EBITDA	5.23B	5.79B	5.86B	6.13B	4.40B	3.78B
Net Income	2.88B	3.47B	3.29B	3.36B	2.05B	1.58B
Balance Sheet
Total Assets	0.00	32.34B	29.22B	30.57B	31.15B	29.41B
Cash, Cash Equivalents and Short-Term Investments	2.96B	2.96B	449.90M	11.10M	4.30M	4.90M
Total Debt	0.00	163.00M	160.10M	4.18B	5.93B	7.32B
Total Liabilities	-24.65B	7.69B	7.55B	11.94B	15.67B	15.74B
Stockholders Equity	24.65B	24.65B	21.66B	18.64B	15.48B	13.67B
Cash Flow
Free Cash Flow	0.00	2.44B	4.78B	2.44B	2.27B	4.72B
Operating Cash Flow	0.00	3.95B	5.40B	2.80B	2.85B	5.40B
Investing Cash Flow	0.00	-3.29B	-514.60M	-331.80M	-536.20M	-658.80M
Financing Cash Flow	0.00	-803.40M	-4.54B	-2.46B	-2.31B	-4.75B

Surya Roshni Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 280.05
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• 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 Neutral. The current price of 280.05 is above the 20-day moving average (MA) of 270.95, above the 50-day MA of 271.66, and below the 200-day MA of 288.38, indicating a neutral trend. The MACD of 2.59 indicates Negative momentum. The RSI at 54.34 is Neutral, neither overbought nor oversold. The STOCH value of 65.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:SURYAROSNI.

Surya Roshni Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SURYAROSNI	63 Neutral	₹58.42B	17.62	―	2.03%	0.31%	1.98%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
ORIENTELEC	60 Neutral	₹35.43B	39.92	―	0.82%	6.63%	42.16%
BOROLTD	58 Neutral	₹33.20B	38.23	―	―	15.59%	20.12%
BAJAJELEC	57 Neutral	₹51.54B	48.95	―	0.62%	0.80%	-4.31%
EVEREADY	55 Neutral	₹23.53B	51.91	―	0.46%	7.37%	-39.19%

Surya Roshni Limited Corporate Events

Surya Roshni Announces Special Window for Share Transfer Re-lodgment

Surya Roshni Limited has announced a special window for the re-lodgment of transfer requests for physical shares that were lodged before April 1, 2019, but faced objections or deficiencies. This initiative, in compliance with a SEBI circular, aims to ease the process of investment for shareholders by allowing them a six-month period to rectify and resubmit their transfer deeds. The notice was published in major newspapers and is available on the company’s website, reflecting the company’s commitment to facilitating shareholder engagement and compliance with regulatory requirements.

Surya Roshni Secures Rs. 105.18 Crore Order for Spiral Pipes

Surya Roshni Limited has secured a significant order valued at Rs. 105.18 crores, including GST, for the supply of spiral pipes with external 3 LPE coating to an engineering and infrastructure company in Gujarat. This order, which is expected to be fulfilled by March 31, 2026, highlights Surya Roshni’s strong positioning in the domestic market and its capability to deliver large-scale infrastructure products, potentially enhancing its market reputation and stakeholder confidence.