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Last Updated: April 2, 2026, 3:45 am
Author: Getaka|Social: XLinkedIn

Sunflag Iron & Steel Company Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹156.05Overvalued by 26.74%vs CMP ₹213.00

P/E (17.6) × ROE (2.3%) × BV (₹474.00) × DY (0.35%)

₹219.69Fairly Valued by 3.14%vs CMP ₹213.00
MoS: +3% (Thin)Confidence: 48/100 (Moderate)Models: 3 Under, 1 Fair, 5 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹155.2323%Over (-27.1%)
Graham NumberEarnings₹353.7016%Under (+66.1%)
Earnings PowerEarnings₹114.7111%Over (-46.1%)
DCFCash Flow₹94.9114%Over (-55.4%)
Net Asset ValueAssets₹473.647%Under (+122.4%)
EV/EBITDAEnterprise₹186.559%Over (-12.4%)
Earnings YieldEarnings₹117.307%Over (-44.9%)
ROCE CapitalReturns₹418.557%Under (+96.5%)
Revenue MultipleRevenue₹196.095%Fair (-7.9%)
Consensus (9 models)₹219.69100%Fairly Valued
Key Drivers: ROE 2.3% is below cost of equity. | Wide model spread (₹95–₹474) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -0.5%

*Investments are subject to market risks

Investment Snapshot

57
Sunflag Iron & Steel Company Ltd scores 57/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health62/100 · Moderate
ROCE 4.0% WeakROE 2.3% WeakD/E 0.10 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 51.2% Stable
Earnings Quality50/100 · Moderate
OPM stable around 11% Steady
Quarterly Momentum80/100 · Strong
Revenue (4Q): +7% YoY GrowingProfit (4Q): +31% YoY Strong
Industry Rank30/100 · Weak
P/E 17.6 vs industry 12.4 In-lineROCE 4.0% vs industry 16.0% Below peersROE 2.3% vs industry 25.3% Below peers3Y sales CAGR: 9% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:45 am

Market Cap 3,841 Cr.
Current Price 213
Intrinsic Value₹219.69
High / Low 322/192
Stock P/E17.6
Book Value 474
Dividend Yield0.35 %
ROCE3.95 %
ROE2.33 %
Face Value 10.0
PEG Ratio-33.82

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Sunflag Iron & Steel Company Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Sunflag Iron & Steel Company Ltd 3,841 Cr. 213 322/19217.6 4740.35 %3.95 %2.33 % 10.0
ISMT Ltd 3,612 Cr. 120 /20.8 54.40.00 %17.9 %12.1 % 5.00
Kalyani Steels Ltd 2,667 Cr. 611 989/5749.94 4511.64 %15.6 %14.0 % 5.00
Ahmedabad Steelcraft Ltd 196 Cr. 130 303/11510.4 82.10.00 %21.4 %18.4 % 10.0
Modern Steels Ltd 16.4 Cr. 11.9 21.7/10.43.33 13.20.00 %28.1 %28.4 % 10.0
Industry Average2,579.00 Cr185.2212.41180.780.33%16.00%25.34%8.33

All Competitor Stocks of Sunflag Iron & Steel Company Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 8698377848588549198958668928831,023973942
Expenses 753740704759757820815767782783903872810
Operating Profit 11797809997998098110100120101132
OPM % 13%12%10%12%11%11%9%11%12%11%12%10%14%
Other Income 3221123833102-6
Interest 22272423262421252222211717
Depreciation 20212626262626262626272731
Profit before tax 78503351475135556655825978
Tax % 24%21%23%25%23%17%21%26%24%22%24%23%23%
Net Profit 60402639364328415043634660
EPS in Rs 3.312.201.432.152.002.381.552.262.782.403.472.533.33

Last Updated: March 3, 2026, 2:28 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 12:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,4701,6401,5241,4562,0182,1861,7581,8922,6983,4883,4153,5363,822
Expenses 1,3231,4711,3461,3111,7821,9491,5881,6382,3003,0433,0403,1463,369
Operating Profit 147169178145237237170254398446375389453
OPM % 10%10%12%10%12%11%10%13%15%13%11%11%12%
Other Income 55981711111151,2018179
Interest 73716535353941294281979076
Depreciation 61513633343846707681103104111
Profit before tax 18528685184172941662851,485183212274
Tax % -18%53%35%23%30%36%2%15%24%25%22%23%
Net Profit 22245665129110921412171,115144162211
EPS in Rs 1.341.353.123.627.146.125.117.8012.0461.897.968.9911.73
Dividend Payout % 0%0%0%0%7%8%0%0%0%0%0%8%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)9.09%133.33%16.07%98.46%-14.73%-16.36%53.26%53.90%413.82%-87.09%12.50%
Change in YoY Net Profit Growth (%)0.00%124.24%-117.26%82.39%-113.19%-1.63%69.62%0.64%359.92%-500.91%99.59%

Sunflag Iron & Steel Company Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:8%
5 Years:15%
3 Years:9%
TTM:4%
Compounded Profit Growth
10 Years:21%
5 Years:12%
3 Years:-9%
TTM:35%
Stock Price CAGR
10 Years:30%
5 Years:43%
3 Years:43%
1 Year:28%
Return on Equity
10 Years:6%
5 Years:5%
3 Years:4%
Last Year:2%

Last Updated: September 5, 2025, 1:36 pm

Balance Sheet

Last Updated: December 4, 2025, 2:03 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 167185180180180180180180180180180180180
Reserves 3414034635296577601,2051,3531,5693,1624,9848,5868,361
Borrowings 477421250330341352387268587609727624580
Other Liabilities 3303333553423894776375887559911,1321,7971,750
Total Liabilities 1,3141,3421,2481,3811,5661,7692,4092,3893,0914,9427,02211,18710,871
Fixed Assets 5865725435135155371,1471,1901,2521,5911,5251,4851,431
CWIP 37292669130202233173373193281297372
Investments 44799121116171,7263,6427,7797,408
Other Assets 6867366717919131,0191,0191,0111,4491,4321,5741,6261,661
Total Assets 1,3141,3421,2481,3811,5661,7692,4092,3893,0914,9427,02211,18710,871

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 10778236-1811717720922343278244187
Cash from Investing Activity + -7-4-13-33-97-141-125-60-335-219-83-87
Cash from Financing Activity + -103-71-21360-41-39-79-151289-6321-193
Net Cash Flow -331010-20-3512-3-4182-93
Free Cash Flow 10074225-48214667170-296109119107
CFO/OP 75%52%143%2%73%99%137%107%29%141%85%64%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-330.00-252.00-72.00-185.00-104.00-115.00-217.00-14.00-189.00-163.00-352.00-235.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 524253625548464137333737
Inventory Days 130140129166130147190164186142137154
Days Payable 82706459577110680102938779
Cash Conversion Cycle 1001121181691281241301241228388112
Working Capital Days 293038445146617754402337
ROCE %9%12%16%12%20%17%9%11%16%12%6%4%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 51.16%51.16%51.16%51.16%51.16%51.16%51.16%51.16%51.16%51.16%51.16%51.16%
FIIs 0.88%0.73%0.96%0.93%0.80%0.86%0.89%0.60%0.48%0.60%0.64%0.47%
DIIs 0.04%0.05%0.04%0.08%0.10%0.10%0.12%0.13%0.14%0.18%0.18%0.17%
Public 47.92%48.07%47.84%47.83%47.95%47.87%47.82%48.10%48.21%48.06%48.01%48.22%
No. of Shareholders 61,23260,13666,89767,61266,39265,35966,81165,54263,59663,23164,00356,631

Shareholding Pattern Chart

No. of Shareholders

Sunflag Iron & Steel Company Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Motilal Oswal Nifty Microcap 250 Index Fund 75,135 0.25 1.5775,1352025-04-22 15:56:530%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 8.997.9761.8912.047.80
Diluted EPS (Rs.) 8.997.9761.8912.047.80
Cash EPS (Rs.) 14.7713.5866.3116.2411.68
Book Value[Excl.RevalReserv]/Share (Rs.) 486.43286.61185.5497.1385.14
Book Value[Incl.RevalReserv]/Share (Rs.) 486.43286.61185.5497.1385.14
Revenue From Operations / Share (Rs.) 196.18189.51193.56149.72104.96
PBDIT / Share (Rs.) 22.5221.1525.1322.3614.66
PBIT / Share (Rs.) 16.7215.4420.6618.1210.77
PBT / Share (Rs.) 11.7310.0782.3415.789.17
Net Profit / Share (Rs.) 8.987.8661.8312.017.78
NP After MI And SOA / Share (Rs.) 8.997.9661.8812.047.80
PBDIT Margin (%) 11.4711.1612.9814.9313.96
PBIT Margin (%) 8.528.1410.6712.1010.25
PBT Margin (%) 5.985.3142.5410.538.74
Net Profit Margin (%) 4.574.1431.948.027.41
NP After MI And SOA Margin (%) 4.584.2031.978.047.43
Return on Networth / Equity (%) 1.842.7733.3612.409.17
Return on Capital Employeed (%) 2.974.659.1714.789.93
Return On Assets (%) 1.442.0422.567.035.86
Long Term Debt / Equity (X) 0.010.050.110.110.08
Total Debt / Equity (X) 0.060.120.160.300.10
Asset Turnover Ratio (%) 0.380.570.860.980.79
Current Ratio (X) 1.491.451.561.532.06
Quick Ratio (X) 0.600.650.580.570.83
Inventory Turnover Ratio (X) 4.012.702.652.771.98
Interest Coverage Ratio (X) 4.513.945.589.549.21
Interest Coverage Ratio (Post Tax) (X) 2.802.460.036.125.89
Enterprise Value (Cr.) 4634.703759.883096.641598.221224.94
EV / Net Operating Revenue (X) 1.311.100.880.590.64
EV / EBITDA (X) 11.429.866.843.974.64
MarketCap / Net Operating Revenue (X) 1.190.970.760.420.59
Price / BV (X) 0.480.640.790.640.73
Price / Net Operating Revenue (X) 1.190.970.760.420.59
EarningsYield 0.030.040.410.190.12

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Sunflag Iron & Steel Company Ltd. is a Public Limited Listed company incorporated on 12/09/1984 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L27100MH1984PLC034003 and registration number is 034003. Currently Company is involved in the business activities of Manufacture of basic iron and steel. Company's Total Operating Revenue is Rs. 3535.59 Cr. and Equity Capital is Rs. 180.22 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Steel33/1, Mount Road, Nagpur Maharashtra 440001Contact not found
Management
NamePosition Held
Mr. Ravi Bhushan BhardwajNon Executive Chairman
Mr. Pranav BhardwajManaging Director
Mr. Suhrit BhardwajNon Executive Director
Mr. Ramchandra Vasant DalviDirector - Technical
CA. Neelam KothariInd. Non-Executive Director
Mr. Anand Sadashiv KapreInd. Non-Executive Director
CA. Vinita BahriInd. Non-Executive Director
CA. M A V GouthamInd. Non-Executive Director
Mr. Tirthnath JhaInd. Non-Executive Director

FAQ

What is the intrinsic value of Sunflag Iron & Steel Company Ltd and is it undervalued?

As of 14 April 2026, Sunflag Iron & Steel Company Ltd's intrinsic value is ₹219.69, which is 3.14% higher than the current market price of ₹213.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (2.33 %), book value (₹474), dividend yield (0.35 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Sunflag Iron & Steel Company Ltd?

Sunflag Iron & Steel Company Ltd is trading at ₹213.00 as of 14 April 2026, with a FY2026-2027 high of ₹322 and low of ₹192. The stock is currently near its 52-week low. Market cap stands at ₹3,841 Cr..

How does Sunflag Iron & Steel Company Ltd's P/E ratio compare to its industry?

Sunflag Iron & Steel Company Ltd has a P/E ratio of 17.6, which is above the industry average of 12.41. The premium over industry average may reflect growth expectations or speculative interest.

Is Sunflag Iron & Steel Company Ltd financially healthy?

Key indicators for Sunflag Iron & Steel Company Ltd: ROCE of 3.95 % is on the lower side compared to the industry average of 16.00%; ROE of 2.33 % is below ideal levels (industry average: 25.34%). Dividend yield is 0.35 %.

Is Sunflag Iron & Steel Company Ltd profitable and how is the profit trend?

Sunflag Iron & Steel Company Ltd reported a net profit of ₹162 Cr in Mar 2025 on revenue of ₹3,536 Cr. Compared to ₹217 Cr in Mar 2022, the net profit shows a declining trend.

Does Sunflag Iron & Steel Company Ltd pay dividends?

Sunflag Iron & Steel Company Ltd has a dividend yield of 0.35 % at the current price of ₹213.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Sunflag Iron & Steel Company Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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