Sunflag Iron And Steel Company Ltd.

•

₹ 353.85-1.2%

2026-08-21

sunflagsteel.comBSE: 500404NSE: SUNFLAG

Market Cap₹ 6,449 Cr.

Current Price₹ 354

High / Low₹ 428 / 192

Stock P/E0.0

Book Value₹ 477

Price to Book0.50

Dividend Yield0.28 %

ROCE4.2 %

ROE2.5 %

Face Value₹ 10

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ABOUT

KEY POINTS

PROS

Company is almost debt free
Company has a healthy return on capital (ROCE) of 22.7%
Company generates healthy free cash flow

CONS

Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.50x)
Operating margins have contracted to 10.7% from 14.8%
Growth is decelerating - 3Y profit CAGR (-9.2%) trails the 5Y trend (11.8%)
Company's return on assets is weak at 1.8%

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

Peer comparison

EDIT COLUMNS

Metals & MiningIron & SteelSteel & Iron Products

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

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	JSWSTEEL	1296.00	12.79	316930.83	0.55	4696.00	112.58	47364.00	11.55	20.67	19.60
2.	TATASTEEL	183.25	20.73	228759.33	2.18	2385.24	18.82	60794.29	15.26	12.70	15.40
3.	SAIL	174.85	16.90	72222.23	1.34	1644.05	120.80	26245.67	1.25	6.39	15.92
4.	APLAPOLLO	2142.50	48.40	59488.31	0.40	263.11	10.94	5606.71	12.07	22.90	7.34
5.	JSL	718.45	18.23	59230.43	0.56	768.66	7.56	11278.54	10.50	19.19	12.09
6.	WELCORP	2004.10	22.89	52866.28	0.25	1047.88	200.11	4081.12	14.91	23.94	32.17
7.	SHYAMMETL	996.80	24.77	27823.86	0.45	3507.30	1106.63	54550.90	1133.35	13.88	14.03
8.	SARDAEN	508.30	15.85	17911.54	0.39	478.13	9.50	1608.04	-1.07	15.84	41.59
9.	JINDALSAW	269.60	26.38	17241.14	0.74	90.79	-78.15	4452.31	9.00	10.38	8.79
10.	GPIL	247.45	20.65	16655.80	0.40	222.37	2.75	1750.47	32.29	23.51	19.36
11.	RATNAMANI	2285.90	37.01	16022.33	0.44	107.03	-15.82	971.63	-15.63	18.01	16.69
12.	SUNFLAG	357.85	31.34	6449.15	0.28	66.05	5.49	1078.95	6.53	4.16	11.25

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	784	858	854	919	895	866	892	883	1,013	973	942	1,001	1,079
	707	759	757	820	815	767	781	783	903	872	810	877	1,004
Operating Profit	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	4	1	1	2	3	8	3	3	19	2	2	3	11
Interest	24	23	26	24	21	25	22	22	21	17	17	18	14
Depreciation	26	26	26	26	26	26	26	26	27	27	31	28	30
	33	51	47	51	35	56	66	55	81	59	77	81	86
Tax %	22.99%	25.06%	22.97%	17.18%	21.47%	26.38%	23.42%	21.96%	23.71%	23.24%	23.65%	58.09%	25.56%
Net Profit	25	38	36	42	28	41	50	43	62	46	59	34	64
	1	2	199	2	2	2	3	2	3	3	3	2	0
Equity Capital	180	180	180	180	180	180	180	180	180	180	180	180	180
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	180	180	180	180	180	180	180	180	180	180	180	180	180
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Jun 2023

: 784
: 707
Operating Profit: —
OPM %: —
Other Income: 4
Interest: 24
Depreciation: 26
: 33
Tax %: 22.99%
Net Profit: 25
: 1
Equity Capital: 180
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 180
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2023

: 858
: 759
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 23
Depreciation: 26
: 51
Tax %: 25.06%
Net Profit: 38
: 2
Equity Capital: 180
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 180
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 854
: 757
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 26
Depreciation: 26
: 47
Tax %: 22.97%
Net Profit: 36
: 199
Equity Capital: 180
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 180
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 919
: 820
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 24
Depreciation: 26
: 51
Tax %: 17.18%
Net Profit: 42
: 2
Equity Capital: 180
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 180
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 895
: 815
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 21
Depreciation: 26
: 35
Tax %: 21.47%
Net Profit: 28
: 2
Equity Capital: 180
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 180
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 866
: 767
Operating Profit: —
OPM %: —
Other Income: 8
Interest: 25
Depreciation: 26
: 56
Tax %: 26.38%
Net Profit: 41
: 2
Equity Capital: 180
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 180
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 892
: 781
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 22
Depreciation: 26
: 66
Tax %: 23.42%
Net Profit: 50
: 3
Equity Capital: 180
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 180
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 883
: 783
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 22
Depreciation: 26
: 55
Tax %: 21.96%
Net Profit: 43
: 2
Equity Capital: 180
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 180
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 1,013
: 903
Operating Profit: —
OPM %: —
Other Income: 19
Interest: 21
Depreciation: 27
: 81
Tax %: 23.71%
Net Profit: 62
: 3
Equity Capital: 180
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 180
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 973
: 872
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 17
Depreciation: 27
: 59
Tax %: 23.24%
Net Profit: 46
: 3
Equity Capital: 180
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 180
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 942
: 810
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 17
Depreciation: 31
: 77
Tax %: 23.65%
Net Profit: 59
: 3
Equity Capital: 180
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 180
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 1,001
: 877
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 18
Depreciation: 28
: 81
Tax %: 58.09%
Net Profit: 34
: 2
Equity Capital: 180
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 180
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 1,079
: 1,004
Operating Profit: —
OPM %: —
Other Income: 11
Interest: 14
Depreciation: 30
: 86
Tax %: 25.56%
Net Profit: 64
: 0
Equity Capital: 180
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 180
Reserves: 0
Promoter Pledge %: 0.00%

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	TTM
	1,590	1,516	2,074	2,186	1,758	1,892	2,698	3,488	3,415	3,536	3,995
	1,412	1,371	1,838	1,948	1,588	1,644	2,301	3,043	3,040	3,146	3,563
Operating Profit	187	153	254	249	182	258	403	453	381	406	—
OPM %	12	10	12	11	10	14	15	13	11	11	—
Other Income	9	8	17	11	11	11	6	7	6	16	18
Interest	65	35	35	39	41	29	42	81	97	90	66
Depreciation	36	33	34	38	46	70	76	81	103	104	116
	87	85	184	172	94	159	284	1,484	181	211	304
Tax %	34	23	30	36	2	16	24	25	22	23	33
Net Profit	57	65	129	111	93	134	216	1,114	142	162	203
EPS	3	4	7	6	5	7	12	62	8	9	—
Dividend Payout %	0	0	7	8	0	0	0	0	0	8	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	3	4	7	6	5	7	12	62	8	9	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	3	4	7	6	5	7	12	62	8	9	—

Mar 2016

: 1,590
: 1,412
Operating Profit: 187
OPM %: 12
Other Income: 9
Interest: 65
Depreciation: 36
: 87
Tax %: 34
Net Profit: 57
EPS: 3
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3

Mar 2017

: 1,516
: 1,371
Operating Profit: 153
OPM %: 10
Other Income: 8
Interest: 35
Depreciation: 33
: 85
Tax %: 23
Net Profit: 65
EPS: 4
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4

Mar 2018

: 2,074
: 1,838
Operating Profit: 254
OPM %: 12
Other Income: 17
Interest: 35
Depreciation: 34
: 184
Tax %: 30
Net Profit: 129
EPS: 7
Dividend Payout %: 7
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 7
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 7

Mar 2019

: 2,186
: 1,948
Operating Profit: 249
OPM %: 11
Other Income: 11
Interest: 39
Depreciation: 38
: 172
Tax %: 36
Net Profit: 111
EPS: 6
Dividend Payout %: 8
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 6
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 6

Mar 2020

: 1,758
: 1,588
Operating Profit: 182
OPM %: 10
Other Income: 11
Interest: 41
Depreciation: 46
: 94
Tax %: 2
Net Profit: 93
EPS: 5
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 5
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 5

Mar 2021

: 1,892
: 1,644
Operating Profit: 258
OPM %: 14
Other Income: 11
Interest: 29
Depreciation: 70
: 159
Tax %: 16
Net Profit: 134
EPS: 7
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 7
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 7

Mar 2022

: 2,698
: 2,301
Operating Profit: 403
OPM %: 15
Other Income: 6
Interest: 42
Depreciation: 76
: 284
Tax %: 24
Net Profit: 216
EPS: 12
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 12
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 12

Mar 2023

: 3,488
: 3,043
Operating Profit: 453
OPM %: 13
Other Income: 7
Interest: 81
Depreciation: 81
: 1,484
Tax %: 25
Net Profit: 1,114
EPS: 62
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 62
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 62

Mar 2024

: 3,415
: 3,040
Operating Profit: 381
OPM %: 11
Other Income: 6
Interest: 97
Depreciation: 103
: 181
Tax %: 22
Net Profit: 142
EPS: 8
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 8
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 8

Mar 2025

: 3,536
: 3,146
Operating Profit: 406
OPM %: 11
Other Income: 16
Interest: 90
Depreciation: 104
: 211
Tax %: 23
Net Profit: 162
EPS: 9
Dividend Payout %: 8
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 9
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 9

TTM

: 3,995
: 3,563
Operating Profit: —
OPM %: —
Other Income: 18
Interest: 66
Depreciation: 116
: 304
Tax %: 33
Net Profit: 203
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: 7%
5 Years:: 15%
3 Years:: 9%

COMPOUNDED PROFIT GROWTH

10 Years:: 21%
5 Years:: 12%
3 Years:: -9%

STOCK PRICE CAGR

10 Years:: 28%
5 Years:: 34%
3 Years:: 22%
1 Year:: 17%

RETURN ON EQUITY

10 Years:: 14%
5 Years:: 17%
3 Years:: 19%
Last Year:: 2%

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	180	180	180	180	180	180	180	180	180	180
	463	528	657	760	1,206	1,341	1,556	3,148	4,968	8,570
	112	275	246	289	195	68	330	165	295	282
Trade Payables	156	141	189	267	315	266	457	564	525	478
	332	250	289	267	508	517	549	865	1,032	1,654
Total Liabilities	1,243	1,374	1,561	1,763	2,404	2,371	3,072	4,923	7,001	11,165
ASSETS	-	-	-	-	-	-	-	-	-	-
	542	511	513	535	1,145	1,188	1,250	1,590	1,523	1,483
Capital Work in Progress	4	46	108	179	210	150	350	170	258	274
	10	12	12	14	14	14	14	1,722	3,647	7,784
	315	391	433	552	563	544	837	866	833	931
	220	0	0	0	0	0	0	0	346	362
Cash & Bank	64	75	54	58	52	69	66	117	252	157
	88	339	442	425	421	406	555	458	142	175
Total Assets	1,243	1,374	1,561	1,763	2,404	2,371	3,072	4,923	7,001	11,165
Total Debt	246	326	337	348	322	204	524	545	666	566
Net Working Capital	222	248	334	331	349	468	466	499	463	512
Contingent Liabilities	186	118	177	137	116	176	270	259	266	382
Book Value per Share	35.68	39.30	46.44	52.18	56.79	64.93	77.62	163.96	265.91	466.76
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00
Total Debt	246	326	337	348	322	204	524	545	666	566
Net Working Capital	222	248	334	331	349	468	466	499	463	512
Contingent Liabilities	186	118	177	137	116	176	270	259	266	382
Book Value per Share	35.68	39.30	46.44	52.18	56.79	64.93	77.62	163.96	265.91	466.76
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00

Mar 2016

Equity Capital: 180
: 463
: 112
Trade Payables: 156
: 332
Total Liabilities: 1,243
: 542
Capital Work in Progress: 4
: 10
: 315
: 220
Cash & Bank: 64
: 88
Total Assets: 1,243
Total Debt: 246
Net Working Capital: 222
Contingent Liabilities: 186
Book Value per Share: 35.68
Face Value: 10.00
Total Debt: 246
Net Working Capital: 222
Contingent Liabilities: 186
Book Value per Share: 35.68
Face Value: 10.00

Mar 2017

Equity Capital: 180
: 528
: 275
Trade Payables: 141
: 250
Total Liabilities: 1,374
: 511
Capital Work in Progress: 46
: 12
: 391
: 0
Cash & Bank: 75
: 339
Total Assets: 1,374
Total Debt: 326
Net Working Capital: 248
Contingent Liabilities: 118
Book Value per Share: 39.30
Face Value: 10.00
Total Debt: 326
Net Working Capital: 248
Contingent Liabilities: 118
Book Value per Share: 39.30
Face Value: 10.00

Mar 2018

Equity Capital: 180
: 657
: 246
Trade Payables: 189
: 289
Total Liabilities: 1,561
: 513
Capital Work in Progress: 108
: 12
: 433
: 0
Cash & Bank: 54
: 442
Total Assets: 1,561
Total Debt: 337
Net Working Capital: 334
Contingent Liabilities: 177
Book Value per Share: 46.44
Face Value: 10.00
Total Debt: 337
Net Working Capital: 334
Contingent Liabilities: 177
Book Value per Share: 46.44
Face Value: 10.00

Mar 2019

Equity Capital: 180
: 760
: 289
Trade Payables: 267
: 267
Total Liabilities: 1,763
: 535
Capital Work in Progress: 179
: 14
: 552
: 0
Cash & Bank: 58
: 425
Total Assets: 1,763
Total Debt: 348
Net Working Capital: 331
Contingent Liabilities: 137
Book Value per Share: 52.18
Face Value: 10.00
Total Debt: 348
Net Working Capital: 331
Contingent Liabilities: 137
Book Value per Share: 52.18
Face Value: 10.00

Mar 2020

Equity Capital: 180
: 1,206
: 195
Trade Payables: 315
: 508
Total Liabilities: 2,404
: 1,145
Capital Work in Progress: 210
: 14
: 563
: 0
Cash & Bank: 52
: 421
Total Assets: 2,404
Total Debt: 322
Net Working Capital: 349
Contingent Liabilities: 116
Book Value per Share: 56.79
Face Value: 10.00
Total Debt: 322
Net Working Capital: 349
Contingent Liabilities: 116
Book Value per Share: 56.79
Face Value: 10.00

Mar 2021

Equity Capital: 180
: 1,341
: 68
Trade Payables: 266
: 517
Total Liabilities: 2,371
: 1,188
Capital Work in Progress: 150
: 14
: 544
: 0
Cash & Bank: 69
: 406
Total Assets: 2,371
Total Debt: 204
Net Working Capital: 468
Contingent Liabilities: 176
Book Value per Share: 64.93
Face Value: 10.00
Total Debt: 204
Net Working Capital: 468
Contingent Liabilities: 176
Book Value per Share: 64.93
Face Value: 10.00

Mar 2022

Equity Capital: 180
: 1,556
: 330
Trade Payables: 457
: 549
Total Liabilities: 3,072
: 1,250
Capital Work in Progress: 350
: 14
: 837
: 0
Cash & Bank: 66
: 555
Total Assets: 3,072
Total Debt: 524
Net Working Capital: 466
Contingent Liabilities: 270
Book Value per Share: 77.62
Face Value: 10.00
Total Debt: 524
Net Working Capital: 466
Contingent Liabilities: 270
Book Value per Share: 77.62
Face Value: 10.00

Mar 2023

Equity Capital: 180
: 3,148
: 165
Trade Payables: 564
: 865
Total Liabilities: 4,923
: 1,590
Capital Work in Progress: 170
: 1,722
: 866
: 0
Cash & Bank: 117
: 458
Total Assets: 4,923
Total Debt: 545
Net Working Capital: 499
Contingent Liabilities: 259
Book Value per Share: 163.96
Face Value: 10.00
Total Debt: 545
Net Working Capital: 499
Contingent Liabilities: 259
Book Value per Share: 163.96
Face Value: 10.00

Mar 2024

Equity Capital: 180
: 4,968
: 295
Trade Payables: 525
: 1,032
Total Liabilities: 7,001
: 1,523
Capital Work in Progress: 258
: 3,647
: 833
: 346
Cash & Bank: 252
: 142
Total Assets: 7,001
Total Debt: 666
Net Working Capital: 463
Contingent Liabilities: 266
Book Value per Share: 265.91
Face Value: 10.00
Total Debt: 666
Net Working Capital: 463
Contingent Liabilities: 266
Book Value per Share: 265.91
Face Value: 10.00

Mar 2025

Equity Capital: 180
: 8,570
: 282
Trade Payables: 478
: 1,654
Total Liabilities: 11,165
: 1,483
Capital Work in Progress: 274
: 7,784
: 931
: 362
Cash & Bank: 157
: 175
Total Assets: 11,165
Total Debt: 566
Net Working Capital: 512
Contingent Liabilities: 382
Book Value per Share: 466.76
Face Value: 10.00
Total Debt: 566
Net Working Capital: 512
Contingent Liabilities: 382
Book Value per Share: 466.76
Face Value: 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
	236	-21	95	177	208	223	43	278	244	187
Cash from Investing	-13	-28	-92	-142	-126	-60	-335	-219	-83	-87
Cash from Financing	-213	60	-25	-38	-79	-151	289	-63	21	-193
	10	11	-21	-3	4	12	-3	-4	182	-93
Free Cash Flow	236	-66	7	46	-477	223	-295	38	120	107
OCF / Net Profit	4.15	-0.33	0.74	1.60	2.25	1.67	0.20	0.25	1.72	1.16
Cumulative 5-Year FCF	0	0	0	0	-254	-266	-496	-465	-391	193
OCF / Net Profit	4.15	-0.33	0.74	1.60	2.25	1.67	0.20	0.25	1.72	1.16
Cumulative 5-Year FCF	0	0	0	0	-254	-266	-496	-465	-391	193

Mar 2016

: 236
Cash from Investing: -13
Cash from Financing: -213
: 10
Free Cash Flow: 236
OCF / Net Profit: 4.15
Cumulative 5-Year FCF: 0
OCF / Net Profit: 4.15
Cumulative 5-Year FCF: 0

Mar 2017

: -21
Cash from Investing: -28
Cash from Financing: 60
: 11
Free Cash Flow: -66
OCF / Net Profit: -0.33
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.33
Cumulative 5-Year FCF: 0

Mar 2018

: 95
Cash from Investing: -92
Cash from Financing: -25
: -21
Free Cash Flow: 7
OCF / Net Profit: 0.74
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.74
Cumulative 5-Year FCF: 0

Mar 2019

: 177
Cash from Investing: -142
Cash from Financing: -38
: -3
Free Cash Flow: 46
OCF / Net Profit: 1.60
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.60
Cumulative 5-Year FCF: 0

Mar 2020

: 208
Cash from Investing: -126
Cash from Financing: -79
: 4
Free Cash Flow: -477
OCF / Net Profit: 2.25
Cumulative 5-Year FCF: -254
OCF / Net Profit: 2.25
Cumulative 5-Year FCF: -254

Mar 2021

: 223
Cash from Investing: -60
Cash from Financing: -151
: 12
Free Cash Flow: 223
OCF / Net Profit: 1.67
Cumulative 5-Year FCF: -266
OCF / Net Profit: 1.67
Cumulative 5-Year FCF: -266

Mar 2022

: 43
Cash from Investing: -335
Cash from Financing: 289
: -3
Free Cash Flow: -295
OCF / Net Profit: 0.20
Cumulative 5-Year FCF: -496
OCF / Net Profit: 0.20
Cumulative 5-Year FCF: -496

Mar 2023

: 278
Cash from Investing: -219
Cash from Financing: -63
: -4
Free Cash Flow: 38
OCF / Net Profit: 0.25
Cumulative 5-Year FCF: -465
OCF / Net Profit: 0.25
Cumulative 5-Year FCF: -465

Mar 2024

: 244
Cash from Investing: -83
Cash from Financing: 21
: 182
Free Cash Flow: 120
OCF / Net Profit: 1.72
Cumulative 5-Year FCF: -391
OCF / Net Profit: 1.72
Cumulative 5-Year FCF: -391

Mar 2025

: 187
Cash from Investing: -87
Cash from Financing: -193
: -93
Free Cash Flow: 107
OCF / Net Profit: 1.16
Cumulative 5-Year FCF: 193
OCF / Net Profit: 1.16
Cumulative 5-Year FCF: 193

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 (₹)	3.15	3.62	7.14	6.14	5.14	7.41	12.01	61.83	7.86	8.98
Book Value (₹)	35.68	39.30	46.44	52.18	56.79	64.93	77.62	163.96	265.91	466.76
Dividend per Share (₹)	0.00	0.00	0.50	0.50	0.00	0.00	0.00	0.00	0.00	0.75
Cash EPS (₹)	5.13	5.46	9.03	8.24	7.70	11.30	16.24	66.31	13.57	14.77
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	9.94%	8.94%	11.92%	11.16%	9.95%	13.43%	14.82%	12.72%	10.71%	10.66%
Net Margin %	3.17%	3.80%	6.04%	4.96%	5.07%	6.95%	7.96%	31.30%	4.04%	4.43%
ROE %	9.26%	9.65%	16.65%	12.44%	9.43%	12.17%	16.85%	51.19%	3.66%	2.45%
ROCE %	16.05%	12.48%	19.90%	17.14%	10.29%	13.83%	19.81%	57.73%	6.21%	4.17%
	4.41%	4.98%	8.77%	6.65%	4.44%	5.59%	7.95%	27.88%	2.38%	1.78%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	42	50	47	48	51	41	33	30	34	35
Inventory Days	72	75	71	81	111	105	93	87	89	88
Payable Days	50	39	36	42	65	72	64	50	42	39
	64	86	82	87	97	74	61	67	81	84
FINANCIAL HEALTH	-	-	-	-	-	-	-	-	-	-
Debt to Equity (x)	0.38x	0.46x	0.40x	0.37x	0.32x	0.17x	0.37x	0.18x	0.14x	0.07x
Interest Coverage (x)	2.33x	3.42x	6.19x	5.45x	3.29x	6.38x	7.73x	19.30x	2.88x	3.35x
	1.51x	1.48x	1.64x	1.51x	1.59x	2.07x	1.53x	1.56x	1.44x	1.49x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	-9.49%	-4.62%	36.80%	5.38%	-19.57%	7.59%	42.65%	29.28%	-2.10%	3.52%
Operating Profit Growth %	6.43%	-18.22%	65.70%	-1.92%	-26.97%	42.07%	55.99%	12.41%	-15.84%	6.46%
Net Profit Growth %	132.73%	14.72%	97.44%	-14.05%	-16.30%	44.25%	62.07%	414.94%	-87.29%	14.22%
	132.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-87.29%	14.22%
VALUATION	-	-	-	-	-	-	-	-	-	-
P/E (x)	6.33x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	23.59x	26.09x
P/B (x)	0.56x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.70x	0.50x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.32%
	2.90x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	9.85x	11.41x

Mar 2016

EPS (₹): 3.15
Book Value (₹): 35.68
Dividend per Share (₹): 0.00
Cash EPS (₹): 5.13
Operating Margin %: 9.94%
Net Margin %: 3.17%
ROE %: 9.26%
ROCE %: 16.05%
: 4.41%
Debtor Days: 42
Inventory Days: 72
Payable Days: 50
: 64
Debt to Equity (x): 0.38x
Interest Coverage (x): 2.33x
: 1.51x
Revenue Growth %: -9.49%
Operating Profit Growth %: 6.43%
Net Profit Growth %: 132.73%
: 132.73%
P/E (x): 6.33x
P/B (x): 0.56x
Dividend Yield %: 0.00%
: 2.90x

Mar 2017

EPS (₹): 3.62
Book Value (₹): 39.30
Dividend per Share (₹): 0.00
Cash EPS (₹): 5.46
Operating Margin %: 8.94%
Net Margin %: 3.80%
ROE %: 9.65%
ROCE %: 12.48%
: 4.98%
Debtor Days: 50
Inventory Days: 75
Payable Days: 39
: 86
Debt to Equity (x): 0.46x
Interest Coverage (x): 3.42x
: 1.48x
Revenue Growth %: -4.62%
Operating Profit Growth %: -18.22%
Net Profit Growth %: 14.72%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): 7.14
Book Value (₹): 46.44
Dividend per Share (₹): 0.50
Cash EPS (₹): 9.03
Operating Margin %: 11.92%
Net Margin %: 6.04%
ROE %: 16.65%
ROCE %: 19.90%
: 8.77%
Debtor Days: 47
Inventory Days: 71
Payable Days: 36
: 82
Debt to Equity (x): 0.40x
Interest Coverage (x): 6.19x
: 1.64x
Revenue Growth %: 36.80%
Operating Profit Growth %: 65.70%
Net Profit Growth %: 97.44%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2019

EPS (₹): 6.14
Book Value (₹): 52.18
Dividend per Share (₹): 0.50
Cash EPS (₹): 8.24
Operating Margin %: 11.16%
Net Margin %: 4.96%
ROE %: 12.44%
ROCE %: 17.14%
: 6.65%
Debtor Days: 48
Inventory Days: 81
Payable Days: 42
: 87
Debt to Equity (x): 0.37x
Interest Coverage (x): 5.45x
: 1.51x
Revenue Growth %: 5.38%
Operating Profit Growth %: -1.92%
Net Profit Growth %: -14.05%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): 5.14
Book Value (₹): 56.79
Dividend per Share (₹): 0.00
Cash EPS (₹): 7.70
Operating Margin %: 9.95%
Net Margin %: 5.07%
ROE %: 9.43%
ROCE %: 10.29%
: 4.44%
Debtor Days: 51
Inventory Days: 111
Payable Days: 65
: 97
Debt to Equity (x): 0.32x
Interest Coverage (x): 3.29x
: 1.59x
Revenue Growth %: -19.57%
Operating Profit Growth %: -26.97%
Net Profit Growth %: -16.30%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 7.41
Book Value (₹): 64.93
Dividend per Share (₹): 0.00
Cash EPS (₹): 11.30
Operating Margin %: 13.43%
Net Margin %: 6.95%
ROE %: 12.17%
ROCE %: 13.83%
: 5.59%
Debtor Days: 41
Inventory Days: 105
Payable Days: 72
: 74
Debt to Equity (x): 0.17x
Interest Coverage (x): 6.38x
: 2.07x
Revenue Growth %: 7.59%
Operating Profit Growth %: 42.07%
Net Profit Growth %: 44.25%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 12.01
Book Value (₹): 77.62
Dividend per Share (₹): 0.00
Cash EPS (₹): 16.24
Operating Margin %: 14.82%
Net Margin %: 7.96%
ROE %: 16.85%
ROCE %: 19.81%
: 7.95%
Debtor Days: 33
Inventory Days: 93
Payable Days: 64
: 61
Debt to Equity (x): 0.37x
Interest Coverage (x): 7.73x
: 1.53x
Revenue Growth %: 42.65%
Operating Profit Growth %: 55.99%
Net Profit Growth %: 62.07%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 61.83
Book Value (₹): 163.96
Dividend per Share (₹): 0.00
Cash EPS (₹): 66.31
Operating Margin %: 12.72%
Net Margin %: 31.30%
ROE %: 51.19%
ROCE %: 57.73%
: 27.88%
Debtor Days: 30
Inventory Days: 87
Payable Days: 50
: 67
Debt to Equity (x): 0.18x
Interest Coverage (x): 19.30x
: 1.56x
Revenue Growth %: 29.28%
Operating Profit Growth %: 12.41%
Net Profit Growth %: 414.94%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 7.86
Book Value (₹): 265.91
Dividend per Share (₹): 0.00
Cash EPS (₹): 13.57
Operating Margin %: 10.71%
Net Margin %: 4.04%
ROE %: 3.66%
ROCE %: 6.21%
: 2.38%
Debtor Days: 34
Inventory Days: 89
Payable Days: 42
: 81
Debt to Equity (x): 0.14x
Interest Coverage (x): 2.88x
: 1.44x
Revenue Growth %: -2.10%
Operating Profit Growth %: -15.84%
Net Profit Growth %: -87.29%
: -87.29%
P/E (x): 23.59x
P/B (x): 0.70x
Dividend Yield %: 0.00%
: 9.85x

Mar 2025

EPS (₹): 8.98
Book Value (₹): 466.76
Dividend per Share (₹): 0.75
Cash EPS (₹): 14.77
Operating Margin %: 10.66%
Net Margin %: 4.43%
ROE %: 2.45%
ROCE %: 4.17%
: 1.78%
Debtor Days: 35
Inventory Days: 88
Payable Days: 39
: 84
Debt to Equity (x): 0.07x
Interest Coverage (x): 3.35x
: 1.49x
Revenue Growth %: 3.52%
Operating Profit Growth %: 6.46%
Net Profit Growth %: 14.22%
: 14.22%
P/E (x): 26.09x
P/B (x): 0.50x
Dividend Yield %: 0.32%
: 11.41x

Shareholding Pattern

Numbers in percentages

TRADES

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	51.16	51.16	51.16	51.16	51.16	51.16	51.16	51.16	51.16
	0.86	0.89	0.60	0.48	0.60	0.64	0.47	0.54	0.86
	0.10	0.12	0.13	0.14	0.18	0.18	0.17	0.04	0.21
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	47.88	47.83	48.10	48.22	48.06	48.02	48.21	48.26	47.77

Jun 2024

: 51.16
: 0.86
: 0.10
Government: 0.00
: 47.88

Sep 2024

: 51.16
: 0.89
: 0.12
Government: 0.00
: 47.83

Dec 2024

: 51.16
: 0.60
: 0.13
Government: 0.00
: 48.10

Mar 2025

: 51.16
: 0.48
: 0.14
Government: 0.00
: 48.22

Jun 2025

: 51.16
: 0.60
: 0.18
Government: 0.00
: 48.06

Sep 2025

: 51.16
: 0.64
: 0.18
Government: 0.00
: 48.02

Dec 2025

: 51.16
: 0.47
: 0.17
Government: 0.00
: 48.21

Mar 2026

: 51.16
: 0.54
: 0.04
Government: 0.00
: 48.26

Jun 2026

: 51.16
: 0.86
: 0.21
Government: 0.00
: 47.77

Documents

Announcements

Copy of Newspaper Publication
2026-08-12 - Sunflag Iron And Steel Company Limited has informed the Exchange about Copy of Newspaper Publication
Record Date
2026-08-11 - Sunflag Iron And Steel Company Limited has informed the Exchange that Record date for the purpose of Dividend is 11-Sep-2026.

Annual Reports

Credit Ratings

Nothing filed yet.

Concalls

Nothing filed yet.