Surya Roshni Ltd.
•Add ratio to table
ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Steel: 76.0% • Lighting Cons: 24.0%
AI Sector View
AI GENERATEDCapital Goods
Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.
PROS
- Company is almost debt free
- Company has consistently been profitable over the last 5 years
- Latest quarter profit grew 77.2% YoY, showing strong momentum
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.40x)
- Company has been maintaining a healthy dividend payout of 38.1%
CONS
- Total debt has risen sharply - up 2007.8% year on year
- Company has delivered a poor sales growth of 6.3% over past five years
- Growth is decelerating - 3Y profit CAGR (-5.2%) trails the 5Y trend (12.5%)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| JSWSTEEL | 1308.00 | 12.91 | 319865.38 | 0.54 | 4696.00 | 112.58 | 47364.00 | 11.55 | 20.67 | 19.60 |
| TATASTEEL | 185.95 | 21.04 | 232129.86 | 2.15 | 2385.24 | 18.82 | 60794.29 | 15.26 | 12.70 | 15.40 |
| SAIL | 184.00 | 17.79 | 76001.67 | 1.28 | 1644.05 | 120.80 | 26245.67 | 1.25 | 7.08 | 15.92 |
| WELCORP | 2775.65 | 31.71 | 73219.05 | 0.18 | 1047.88 | 200.11 | 4081.12 | 14.91 | 23.94 | 32.17 |
| JSL | 762.35 | 19.35 | 62849.63 | 0.52 | 768.66 | 7.56 | 11278.54 | 10.50 | 19.19 | 12.09 |
| APLAPOLLO | 2198.00 | 49.66 | 61029.32 | 0.39 | 263.11 | 10.94 | 5606.71 | 12.07 | 31.83 | 7.34 |
| SHYAMMETL | 1086.30 | 27.00 | 30322.09 | 0.41 | 3507.30 | 1106.63 | 54550.90 | 1133.35 | 13.88 | 14.03 |
| JINDALSAW | 317.60 | 31.08 | 20310.78 | 0.63 | 90.79 | -78.15 | 4452.31 | 9.00 | 10.38 | 8.79 |
| RATNAMANI | 2808.00 | 45.47 | 19681.83 | 0.36 | 107.03 | -15.82 | 971.63 | -15.63 | 18.01 | 16.69 |
| SARDAEN | 537.05 | 16.75 | 18924.64 | 0.37 | 478.13 | 9.50 | 1608.04 | -1.07 | 17.76 | 41.59 |
| GPIL | 252.40 | 21.07 | 16992.55 | 0.40 | 222.37 | 2.75 | 1750.47 | 32.29 | 20.20 | 19.36 |
| SURYAROSNI | 216.10 | 15.08 | 4703.11 | 2.31 | 59.60 | 77.22 | 2046.48 | 27.54 | 15.93 | 5.49 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,875 | 1,916 | 1,938 | 2,080 | 1,893 | 1,529 | 1,868 | 2,146 | 1,605 | 1,845 | 1,927 | 2,163 | 20,465 | |
| 1,761 | 1,778 | 1,783 | 1,915 | 1,742 | 1,453 | 1,718 | 1,943 | 1,535 | 1,727 | 1,783 | 2,009 | 19,738 | |
| Operating Profit | 114 | 137 | 155 | 166 | 151 | 76 | 150 | 202 | 70 | 118 | 145 | 154 | 727 |
| OPM % | 6.11% | 7.17% | 7.98% | 7.97% | 7.97% | 4.99% | 8.01% | 9.43% | 4.35% | 6.41% | 7.52% | 7.14% | 3.55% |
| 2 | 2 | 4 | 7 | 8 | 7 | 6 | 9 | 13 | 23 | 3 | 16 | 80 | |
| Interest | 6 | 6 | 7 | 4 | 5 | 6 | 5 | 5 | 5 | 9 | 7 | 6 | 53 |
| Depreciation | 29 | 29 | 30 | 29 | 30 | 31 | 30 | 31 | 32 | 32 | 33 | 33 | 343 |
| Profit before Tax | 81 | 104 | 121 | 139 | 123 | 46 | 121 | 175 | 46 | 100 | 107 | 131 | 807 |
| Tax % | 27.08% | 26.57% | 25.56% | 25.43% | 25.00% | 25.67% | 25.52% | 25.87% | 26.36% | 25.53% | 25.81% | 24.97% | 26.14% |
| Net Profit | 0 | 0 | 0 | 0 | 92 | 34 | 90 | 130 | 34 | 74 | 80 | 98 | 596 |
| 5.49 | 7.06 | 4.17 | 4.81 | 4.26 | 1.57 | 4.13 | 5.98 | 1.55 | 3.41 | 3.66 | 4.51 | 2.74 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,964 | 3,145 | 5,975 | 5,471 | 5,561 | 7,731 | 7,997 | 7,809 | 7,436 | 7,540 | 7,982 | |
| 2,722 | 2,916 | 5,603 | 5,117 | 5,182 | 7,288 | 7,383 | 7,237 | 6,857 | 7,053 | 7,492 | |
| Operating Profit | 242 | 230 | 372 | 354 | 379 | 443 | 614 | 572 | 579 | 487 | 490 |
| OPM % | 8.18% | 7.31% | 6.23% | 6.47% | 6.82% | 5.73% | 7.68% | 7.33% | 7.79% | 6.46% | 6.14% |
| 2 | 1 | 4 | 3 | 5 | 6 | 5 | 14 | 30 | 54 | 49 | |
| Interest | 96 | 88 | 115 | 114 | 70 | 64 | 45 | 24 | 21 | 28 | 28 |
| Depreciation | 61 | 56 | 89 | 103 | 103 | 108 | 115 | 117 | 123 | 130 | 133 |
| Profit before Tax | 87 | 87 | 172 | 140 | 211 | 277 | 459 | 445 | 465 | 384 | 419 |
| Tax % | 27.30% | 23.82% | 29.96% | 26.72% | 25.14% | 25.93% | 26.94% | 26.03% | 25.53% | 25.52% | 25.54% |
| Net Profit | 63 | 66 | 121 | 103 | 158 | 205 | 336 | 329 | 347 | 286 | 312 |
| EPS | 15.35 | 16.34 | 22.20 | 18.85 | 29.10 | 37.66 | 61.67 | 30.34 | 15.93 | 13.13 | — |
| Dividend Payout % | 6.52% | 9.18% | 9.01% | 10.61% | 10.16% | 10.41% | 11.23% | 16.48% | 34.52% | 38.07% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 8%
- 5 Years:
- 6%
- 3 Years:
- -2%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 15%
- 5 Years:
- 13%
- 3 Years:
- -5%
STOCK PRICE CAGR
- 10 Years:
- 16%
- 5 Years:
- 9%
- 3 Years:
- -5%
- 1 Year:
- -28%
RETURN ON EQUITY
- 10 Years:
- 13%
- 5 Years:
- 15%
- 3 Years:
- 14%
- Last Year:
- 11%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 44 | 44 | 54 | 54 | 54 | 53 | 54 | 54 | 109 | 109 |
| 660 | 723 | 1,097 | 1,185 | 1,312 | 1,487 | 1,795 | 2,091 | 2,334 | 2,502 | |
| 903 | 895 | 1,202 | 1,101 | 742 | 599 | 425 | 30 | 44 | 109 | |
| Trade Payables | 215 | 259 | 350 | 295 | 480 | 594 | 407 | 369 | 364 | 484 |
| 168 | 197 | 325 | 336 | 353 | 382 | 377 | 377 | 384 | 342 | |
| Total Liabilities | 1,990 | 2,118 | 3,029 | 2,971 | 2,941 | 3,115 | 3,057 | 2,922 | 3,234 | 3,545 |
| 753 | 787 | 1,089 | 1,061 | 1,029 | 943 | 912 | 835 | 841 | 892 | |
| Capital Work in Progress | 18 | 15 | 25 | 15 | 10 | 53 | 8 | 17 | 57 | 30 |
| 63 | 68 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 470 | 541 | 846 | 918 | 869 | 988 | 1,152 | 1,087 | 902 | 1,005 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 718 | 897 | 937 | |
| Cash & Bank | 27 | 19 | 2 | 2 | 1 | 1 | 2 | 46 | 296 | 453 |
| 658 | 688 | 1,068 | 976 | 1,033 | 1,130 | 982 | 220 | 241 | 228 | |
| Total Assets | 1,990 | 2,118 | 3,029 | 2,971 | 2,941 | 3,115 | 3,057 | 2,922 | 3,234 | 3,545 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 230 | 201 | 155 | 315 | 594 | 350 | 385 | 546 | 395 | 401 | |
| Cash from Investing | -51 | -84 | -105 | -48 | -66 | -54 | -33 | -51 | -329 | -284 |
| Cash from Financing | -156 | -105 | -37 | -229 | -475 | -231 | -246 | -461 | -80 | -92 |
| 1 | -8 | -22 | -1 | -1 | 0 | 1 | 34 | -15 | 25 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-11 - Surya Roshni Limited has informed the Exchange about Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the month ended August, 2026
2026-08-27 - Surya Roshni Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-21 - Surya Roshni Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-20 - Surya Roshni Limited has informed the Exchange regarding 'Physical Letter to Shareholders' providing the weblink and exact pathway of Annual Report 2025-26 and Notice of 53rd AGM
2026-08-19 - Surya Roshni Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 15, 2026
2026-08-18 - Surya Roshni Limited has informed the Exchange about Transcript
2026-08-12 - Surya Roshni Limited has informed the Exchange about Copy of Newspaper Publication - prior notice of 53rd AGM
2026-08-12 - Surya Roshni Limited has informed the Exchange about Copy of Newspaper Publication - extract of financial results
2026-08-11 - Surya Roshni Limited has informed the Exchange about Link of Recording
News
Recent coverage and analyst commentary for SURYAROSNI
Loading news…
AI Stock Analyst
Surya Roshni Ltd.
Sign in to Chat with AI
Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.
✨ Sign In to ChatFree 5nance Account