Surani Steel Tubes Ltd.

•

suranisteel.comBSE: -NSE: SURANI

Market Cap₹ 160 Cr.

Current Price

High / Low₹ 144 / 47

Stock P/E78.3

Book Value₹ 80

Price to Book1.32

Dividend Yield0.00 %

ROCE0.1 %

ROE0.5 %

Face Value₹ 10

Add ratio to table

ABOUT

AI Sector View

AI GENERATED

Metals & Mining

Hold

The sector backdrop is mixed. Iron ore output was very strong at 29.5% YoY (2026-07), but steel slowed to 2.9% YoY (2026-07), finished steel consumption was 8.0% YoY (2026-06), and headline mining production was still -0.9% (Jul/26). FPI outflows of INR -2349 crore over 3 months to 2026-08-31 also argue against an aggressive overweight.

Confidence

61%

View full sector analysis →

PROS

Company has delivered good sales growth of 18.1% CAGR over last 5 years
Company comfortably covers its interest (10.6x coverage)
Company maintains a comfortable, low leverage position
Company converts assets efficiently - asset turnover of 1.5x

CONS

Receivables are growing faster than sales - a possible quality concern
A large part of profit comes from other income (1441.4% of PBT)
Company has a low return on capital employed of -0.0%
Company has a low return on equity of -1.9% over last 3 years
Promoter holding has decreased over last 2 years: -8.2pp
Operating cash flow has been negative in recent years

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Metals & MiningIron & SteelSteel & Iron Products

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	JSWSTEEL	1306.00	12.89	319376.29	0.54	4696.00	112.58	47364.00	11.55	20.67	19.60
2.	TATASTEEL	183.60	20.77	229196.25	2.18	2385.24	18.82	60794.29	15.26	12.70	15.40
3.	SAIL	196.35	18.98	81102.86	1.20	1644.05	120.80	26245.67	1.25	7.08	15.92
4.	WELCORP	2522.00	28.81	66528.00	0.20	1047.88	200.11	4081.12	14.91	23.94	32.17
5.	APLAPOLLO	2217.80	50.10	61579.08	0.38	263.11	10.94	5606.71	12.07	31.83	7.34
6.	JSL	733.55	18.62	60475.30	0.55	768.66	7.56	11278.54	10.50	19.19	12.09
7.	SHYAMMETL	1072.40	26.65	29934.10	0.42	350.73	20.66	5455.09	23.45	13.88	14.03
8.	JINDALSAW	309.55	30.29	19795.98	0.65	90.79	-78.15	4452.31	9.00	10.38	8.79
9.	RATNAMANI	2629.05	42.57	18427.54	0.38	107.03	-15.82	971.63	-15.63	18.01	16.69
10.	SARDAEN	490.90	15.31	17298.40	0.41	478.13	9.50	1608.04	-1.07	17.76	41.59
11.	GPIL	239.75	20.01	16140.90	0.42	222.37	2.75	1750.47	32.29	20.20	19.36
12.	SURANI	103.10	78.35	160.30	0.00	—	—	—	—	0.13	—

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

No standalone quarterly results found

We don't have this information yet. Please check back later.

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	68	77	101	93	98	107	137	124	155	225
	65	73	97	92	99	99	132	123	155	224
Operating Profit	3	4	4	1	-1	7	5	1	1	4
OPM %	5	5	4	1	-1	7	4	0	1	2
Other Income	0	0	0	0	0	0	0	0	1	2
Interest	1	1	1	1	2	2	2	1	0	0
Depreciation	1	0	0	0	1	1	1	1	0	1
	2	2	3	-0	-5	4	2	-1	1	0
Tax %	31	43	36	-22	-6	3	2	-20	17	-194
Net Profit	1	1	2	-0	-5	4	2	-2	1	0
EPS	0	0	0	0	0	5	2	-2	0	0
Dividend Payout %	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	2	2	3	-0	-6	5	2	-2	0	0

COMPOUNDED SALES GROWTH

10 Years:: 14%
5 Years:: 18%
3 Years:: 18%

COMPOUNDED PROFIT GROWTH

10 Years:: 12%
5 Years:: —
3 Years:: -36%

STOCK PRICE CAGR

10 Years:: —
5 Years:: 20%
3 Years:: -21%
1 Year:: 18%

RETURN ON EQUITY

10 Years:: 8%
5 Years:: 4%
3 Years:: -2%
Last Year:: 1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	2	2	6	8	8	8	8	8	11	16
	1	2	5	16	11	14	16	14	44	106
	6	7	11	12	16	15	13	11	42	35
Trade Payables	5	8	8	3	8	3	6	5	2	0
	8	8	6	6	5	5	7	2	35	0
Total Liabilities	23	28	36	45	48	45	51	41	134	157
ASSETS	-	-	-	-	-	-	-	-	-	-
	5	5	4	4	15	13	12	5	10	12
Capital Work in Progress	0	2	6	11	0	0	0	0	0	0
	0	0	0	0	0	0	0	0	0	18
	11	11	17	20	23	22	27	17	63	32
	0	0	0	0	0	0	0	0	1	27
Cash & Bank	0	0	0	0	0	0	0	1	35	4
	7	10	8	10	10	10	12	19	25	64
Total Assets	23	28	36	45	48	45	51	41	134	157
Total Debt	12	13	15	17	20	18	15	11	42	35
Net Working Capital	5	3	4	12	7	12	13	19	78	110
Contingent Liabilities	0	0	0	0	0	0	0	0	0	2
Book Value per Share	14.76	18.76	18.97	28.71	22.73	27.43	29.67	27.50	51.73	78.36
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-0	2	-1	-8	-0	2	5	-2	-57	9
Cash from Investing	-1	-2	-4	-5	-1	-0	0	7	-5	-67
Cash from Financing	0	-0	5	13	1	-2	-5	-5	96	25
	-0	-0	-0	0	0	-0	-0	0	34	-32
Free Cash Flow	-1	0	-5	-13	-1	2	5	-2	-63	7
OCF / Net Profit	-0.08	2.44	-0.38	61.13	0.09	0.62	2.58	1.14	-113.34	18.27
Cumulative 5-Year FCF	0	0	0	0	-20	-17	-12	-9	-59	-51

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE
EPS (₹)	4.38	4.00	3.04	-0.16	-5.99	4.70	2.24	-2.16	0.47	0.31
Book Value (₹)	14.76	18.76	18.97	28.71	22.73	27.43	29.67	27.50	51.73	78.36
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	3.20	2.80	3.71	0.28	-4.47	6.24	3.76	-1.03	0.92	0.83
PROFITABILITY
Operating Margin %	4.44%	4.09%	3.98%	1.21%	-1.45%	6.82%	3.53%	0.46%	0.26%	0.61%
Net Margin %	1.42%	1.16%	1.69%	-0.15%	-5.07%	3.65%	1.36%	-1.45%	0.32%	0.22%
ROE %	34.88%	23.85%	22.48%	-0.78%	-23.27%	18.75%	7.84%	-7.57%	1.29%	0.55%
ROCE %	20.05%	18.38%	16.92%	2.23%	-6.74%	15.11%	8.85%	-1.02%	0.86%	0.13%
	5.63%	3.89%	5.50%	-0.34%	-10.67%	8.36%	3.83%	-3.87%	0.57%	0.33%
EFFICIENCY
Debtor Days	24	29	25	24	22	22	16	27	17	23
Inventory Days	37	46	49	72	80	76	65	65	95	77
Payable Days	22	36	32	23	22	21	13	18	9	2
	39	39	43	74	80	77	68	75	103	98
FINANCIAL HEALTH
Debt to Equity (x)	3.32x	2.85x	1.40x	0.73x	1.04x	0.80x	0.61x	0.50x	0.77x	0.28x
Interest Coverage (x)	2.21x	2.30x	3.70x	0.87x	-1.34x	3.05x	2.14x	-0.33x	6.65x	10.55x
	1.35x	1.17x	1.17x	1.71x	1.28x	1.60x	1.50x	2.03x	2.72x	4.11x
GROWTH
Revenue Growth %	17.75%	12.04%	31.45%	-7.73%	5.26%	8.88%	28.31%	-9.62%	25.51%	45.04%
Operating Profit Growth %	77.47%	3.16%	17.61%	-72.98%	-226.89%	611.50%	-33.69%	-88.22%	109.15%	216.53%
Net Profit Growth %	574.46%	-8.85%	76.58%	-107.73%	-3536.63%	178.54%	-52.40%	-196.73%	127.94%	-3.09%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	121.77%	-33.72%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	909.44x	331.87x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	8.28x	1.32x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	390.17x	50.89x

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	39.02	38.40	31.02	30.84	30.84	30.84	30.84	30.84	30.84
FIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	60.98	61.60	68.98	69.16	69.16	69.16	69.16	69.16	69.16

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

No announcements filed.

News

Recent coverage and analyst commentary for SURANI

Loading news…

🤖

AI Stock Analyst

Surani Steel Tubes Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account

Name

JSWSTEEL

1306.00

12.89

319376.29

0.54

4696.00

112.58

47364.00

11.55

20.67

19.60

TATASTEEL

183.60

20.77

229196.25

2.18

2385.24

18.82

60794.29

15.26

12.70

15.40

SAIL

196.35

18.98

81102.86

1.20

1644.05

120.80

26245.67

1.25

7.08

15.92

WELCORP

2522.00

28.81

66528.00

0.20

1047.88

200.11

4081.12

14.91

23.94

32.17

APLAPOLLO

2217.80

50.10

61579.08

0.38

263.11

10.94

5606.71

12.07

31.83

7.34

JSL

733.55

18.62

60475.30

0.55

768.66

7.56

11278.54

10.50

19.19

12.09

SHYAMMETL

1072.40

26.65

29934.10

0.42

350.73

20.66

5455.09

23.45

13.88

14.03

JINDALSAW

309.55

30.29

19795.98

0.65

90.79

-78.15

4452.31

9.00

10.38

8.79

RATNAMANI

2629.05

42.57

18427.54

0.38

107.03

-15.82

971.63

-15.63

18.01

16.69

SARDAEN

490.90

15.31

17298.40

0.41

478.13

9.50

1608.04

-1.07

17.76

41.59

GPIL

239.75

20.01

16140.90

0.42

222.37

2.75

1750.47

32.29

20.20

19.36

SURANI

103.10

78.35

160.30

0.00

—

0.13

—

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

101

107

137

124

155

225

132

123

155

224

Operating Profit

-1

OPM %

-1

Other Income

Interest

Depreciation

-0

-5

-1

Tax %

-22

-6

-20

-194

Net Profit

-0

-5

-2

EPS

-2

Dividend Payout %

Minority Interest

Share of Associates

Adjusted EPS

-0

-6

-2

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

LIABILITIES

Equity Capital

106

Trade Payables

Total Liabilities

134

157

ASSETS

Capital Work in Progress

Cash & Bank

Total Assets

134

157

Total Debt

Net Working Capital

110

Contingent Liabilities

Book Value per Share

14.76

18.76

18.97

28.71

22.73

27.43

29.67

27.50

51.73

78.36

Face Value

10.00

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-0

-1

-8

-0

-2

-57

Cash from Investing

-1

-2

-4

-5

-1

-0

-5

-67

Cash from Financing

-0

-2

-5

-0

-32

Free Cash Flow

-1

-5

-13

-1

-2

-63

OCF / Net Profit

-0.08

2.44

-0.38

61.13

0.09

0.62

2.58

1.14

-113.34

18.27

Cumulative 5-Year FCF

-20

-17

-12

-9

-59

-51

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

PER SHARE

EPS (₹)

4.38

4.00

3.04

-0.16

-5.99

4.70

2.24

-2.16

0.47

0.31

Book Value (₹)

14.76

18.76

18.97

28.71

22.73

27.43

29.67

27.50

51.73

78.36

Dividend per Share (₹)

0.00

Cash EPS (₹)

3.20

2.80

3.71

0.28

-4.47

6.24

3.76

-1.03

0.92

0.83

PROFITABILITY

Operating Margin %

4.44%

4.09%

3.98%

1.21%

-1.45%

6.82%

3.53%

0.46%

0.26%

0.61%

Net Margin %

1.42%

1.16%

1.69%

-0.15%

-5.07%

3.65%

1.36%

-1.45%

0.32%

0.22%

ROE %

34.88%

23.85%

22.48%

-0.78%

-23.27%

18.75%

7.84%

-7.57%

1.29%

0.55%

ROCE %

20.05%

18.38%

16.92%

2.23%

-6.74%

15.11%

8.85%

-1.02%

0.86%

0.13%

5.63%

3.89%

5.50%

-0.34%

-10.67%

8.36%

3.83%

-3.87%

0.57%

0.33%

EFFICIENCY

Debtor Days

Inventory Days

Payable Days

103

FINANCIAL HEALTH

Debt to Equity (x)

3.32x

2.85x

1.40x

0.73x

1.04x

0.80x

0.61x

0.50x

0.77x

0.28x

Interest Coverage (x)

2.21x

2.30x

3.70x

0.87x

-1.34x

3.05x

2.14x

-0.33x

6.65x

10.55x

1.35x

1.17x

1.71x

1.28x

1.60x

1.50x

2.03x

2.72x

4.11x

GROWTH

Revenue Growth %

17.75%

12.04%

31.45%

-7.73%

5.26%

8.88%

28.31%

-9.62%

25.51%

45.04%

Operating Profit Growth %

77.47%

3.16%

17.61%

-72.98%

-226.89%

611.50%

-33.69%

-88.22%

109.15%

216.53%

Net Profit Growth %

574.46%

-8.85%

76.58%

-107.73%

-3536.63%

178.54%

-52.40%

-196.73%

127.94%

-3.09%

0.00%

121.77%

-33.72%

VALUATION

P/E (x)

0.00x

909.44x

331.87x

P/B (x)

0.00x

8.28x

1.32x

Dividend Yield %

0.00%

0.00x

390.17x

50.89x

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

39.02

38.40

31.02

30.84

FIIs

0.00

DIIs

0.00

Government

0.00

60.98

61.60

68.98

69.16

Surani Steel Tubes Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Surani Steel Tubes Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI