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NSE:SURAJLTD

SURAJ LIMITED

Capital Goods › Industrial Products
₹190.00
at close · 9 Oct 2026
▲ 6.00 (+3.26%)

Latest filings

  1. Suraj Limited files dematerialization compliance certificate for September 2026 quarter · Compliance
  2. Trading Window closed from Oct 1 ahead of Q2 results · Compliance
  3. Suraj Limited Company Secretary Rashmi Lakhani resigns effective Oct 31, 2026 · Management Changes
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures pipes (industry classified under Iron & Steel Products) for domestic buyers, with existing capacity close to full utilisation being expanded by about 40% to handle larger pipe sizes, scheduled to commission by September 2026. The expansion is funded entirely through internal accruals, with the company aiming to reduce dependence on imports. In May 2026, it also announced entry into copper and aluminium recycling as a new business line, though investment, capacity or revenue details were not disclosed. An associate entity, Suraj Enterprise Private Limited, contributed a Rs 21 lakh share of profit in FY26 and is also a related party for transactions ratified at the AGM. FY26 consolidated revenue stood at Rs 205.85 crore. Raw materials are the dominant cost at 70.4% of revenue, with other operating expenses at 19.7%, employee costs at 9.8% and depreciation at 3.5%.

Operating scale
Existing pipe capacity
~5,000 MT per annumFY26
Post-expansion pipe capacity
up to 7,000 MT per annumpost-Sep 2026
Maximum pipe size
170 mm OD
Expansion capex
Rs 15 croreFY26-FY27
Expansion funding
Internal accruals (no debt)
Expansion commissioning
September 2026
Who pays it
Domestic pipe buyers; expansion aimed at serving domestic demand and reducing import dependence
Biggest cost
Raw materials at 70.4% of FY26 revenue
Kind of business
Mid-sized industrial products maker in a capacity-expansion phase
Where it sits
Classified under Capital Goods > Industrial Products > Iron & Steel Products
Market Cap
₹349 Cr
P / E (TTM)
42.0×
EV / EBITDA
17.6×
Div Yield
0.79%
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
10.5%·
ROCE (FY26)
ROE 5.4% · margin 10.8%
Leverage
0.44·
Debt / Equity · low
Net debt ₹60 Cr
Revenue FY19→FY26
1.1×▲
Margin +2.8 pts
₹182 Cr → ₹206 Cr
Cash conversion
1.15×▲
Operating cash ÷ profit · 3 yrs
₹49 Cr on ₹43 Cr
Moves on a normal day
1.42%·
Median daily move
Last 268 sessions · the yardstick for filing-day moves
Where it sits among 123 Iron & Steel Products peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#86/105
P/B#72/101
ROCE#63/115
ROE#65/103
Debt / Equity#77/101
EBITDA margin#28/100
Revenue growth#82/97
Profit growth#51/105

Scorecard

Measured from the filed financials, judged against its Iron & Steel Products peers · as of FY26 — not investment advice

Strengths
Over 3 years it reported ₹43 Cr of profit and ₹49 Cr of operating cash — 1.15×
Profit is converting into cash
Pays out 37% of profit as dividend
Concerns
Carries more debt than its peers — 0.44× equity
higher than 76% of its 101 Iron & Steel Products peers
Heavy working capital — 147 days of cash tied up

Charts

How has the market priced it — with filings on the timeline?

SURAJLTD · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from SURAJ LIMITED's filed financials and exchange disclosures

What does SURAJ LIMITED do?

SURAJ LIMITED is a Industrial Products company listed on NSE and BSE, trading under the symbol SURAJLTD.

Is SURAJ LIMITED profitable?

Yes. Over the trailing twelve months SURAJ LIMITED reported a net profit of ₹8.32 Cr on revenue of ₹195 Cr.

Does SURAJ LIMITED pay a dividend?

Yes. The dividend yield is 0.79% at the current price. It paid out 37% of its profit as dividend in FY26.

Is SURAJ LIMITED debt-free?

No. It reported borrowings of ₹60 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹60 Cr after cash. Debt stands at 0.44× equity. That is higher than 76% of its 101 Iron & Steel Products peers.

Is SURAJ LIMITED expensive compared with its peers?

On trailing P/E, SURAJ LIMITED ranks 86 of 105 in Iron & Steel Products — cheaper than 18% of them, against an industry median of 17.3×. This is a position, not a valuation judgement.

How much does the SURAJ LIMITED share price move in a day?

On a typical session SURAJ LIMITED moves 1.42% — that is the median absolute close-to-close move across its last 268 trading days. MarketPing measures each filing's price reaction against it.

Where can I track SURAJ LIMITED's announcements?

Every NSE and BSE filing by SURAJ LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.