Surya Roshni Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: March 6, 2026, 3:14 am

Market Cap	4,640 Cr.
Current Price	213
Intrinsic Value	₹222.88
High / Low	359/205
Stock P/E	14.6
Book Value	115
Dividend Yield	1.99 %
ROCE	20.7 %
ROE	14.9 %
Face Value	5.00
PEG Ratio	1.59

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Surya Roshni Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Surya Roshni Ltd	4,640 Cr.	213	359/205	14.6	115	1.99 %	20.7 %	14.9 %	5.00
Goodluck India Ltd	3,658 Cr.	1,104	1,353/592	21.9	392	0.36 %	16.1 %	14.5 %	2.00
Man Industries (India) Ltd	3,002 Cr.	400	491/239	16.0	262	0.00 %	16.0 %	10.0 %	5.00
Hi-Tech Pipes Ltd	1,652 Cr.	81.4	128/70.7	25.6	60.2	0.03 %	11.3 %	7.47 %	1.00
Hariom Pipe Industries Ltd	1,110 Cr.	358	572/301	17.6	195	0.17 %	14.1 %	11.9 %	10.0
Industry Average	11,393.27 Cr	543.42		41.68	163.02	0.44%	15.34%	11.65%	4.69

All Competitor Stocks of Surya Roshni Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	2,021	2,151	1,875	1,916	1,938	2,080	1,893	1,529	1,868	2,146	1,604	1,845	1,927
Expenses	1,858	1,899	1,761	1,778	1,783	1,915	1,742	1,452	1,718	1,943	1,535	1,727	1,782
Operating Profit	163	252	114	137	155	166	151	76	150	202	70	118	145
OPM %	8%	12%	6%	7%	8%	8%	8%	5%	8%	9%	4%	6%	8%
Other Income	1	2	2	1	4	7	8	9	6	9	13	23	3
Interest	11	10	6	6	7	4	5	6	5	5	5	9	7
Depreciation	30	29	29	29	30	29	30	31	30	31	32	32	33
Profit before tax	123	215	81	103	121	139	123	48	121	175	46	100	107
Tax %	27%	28%	27%	27%	26%	25%	25%	25%	26%	26%	26%	26%	26%
Net Profit	90	156	59	76	90	104	92	36	90	130	34	74	80
EPS in Rs	4.12	7.15	2.71	3.49	4.14	4.77	4.25	1.66	4.13	5.98	1.54	3.41	3.66

Last Updated: March 3, 2026, 2:26 pm

Below is a detailed analysis of the quarterly data for Surya Roshni Ltd based on the most recent figures (Dec 2025) and their trends compared to the previous period:

For Sales, as of Dec 2025, the value is 1,927.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,845.00 Cr. (Sep 2025) to 1,927.00 Cr., marking an increase of 82.00 Cr..
For Expenses, as of Dec 2025, the value is 1,782.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,727.00 Cr. (Sep 2025) to 1,782.00 Cr., marking an increase of 55.00 Cr..
For Operating Profit, as of Dec 2025, the value is 145.00 Cr.. The value appears strong and on an upward trend. It has increased from 118.00 Cr. (Sep 2025) to 145.00 Cr., marking an increase of 27.00 Cr..
For OPM %, as of Dec 2025, the value is 8.00%. The value appears strong and on an upward trend. It has increased from 6.00% (Sep 2025) to 8.00%, marking an increase of 2.00%.
For Other Income, as of Dec 2025, the value is 3.00 Cr.. The value appears to be declining and may need further review. It has decreased from 23.00 Cr. (Sep 2025) to 3.00 Cr., marking a decrease of 20.00 Cr..
For Interest, as of Dec 2025, the value is 7.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 9.00 Cr. (Sep 2025) to 7.00 Cr., marking a decrease of 2.00 Cr..
For Depreciation, as of Dec 2025, the value is 33.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 32.00 Cr. (Sep 2025) to 33.00 Cr., marking an increase of 1.00 Cr..
For Profit before tax, as of Dec 2025, the value is 107.00 Cr.. The value appears strong and on an upward trend. It has increased from 100.00 Cr. (Sep 2025) to 107.00 Cr., marking an increase of 7.00 Cr..
For Tax %, as of Dec 2025, the value is 26.00%. The value remains steady. There is no change compared to the previous period (Sep 2025) which recorded 26.00%.
For Net Profit, as of Dec 2025, the value is 80.00 Cr.. The value appears strong and on an upward trend. It has increased from 74.00 Cr. (Sep 2025) to 80.00 Cr., marking an increase of 6.00 Cr..
For EPS in Rs, as of Dec 2025, the value is 3.66. The value appears strong and on an upward trend. It has increased from 3.41 (Sep 2025) to 3.66, marking an increase of 0.25.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 1:44 am

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	2,962	2,778	2,964	3,887	4,938	5,980	5,469	5,554	7,730	7,996	7,809	7,435	7,522
Expenses	2,728	2,555	2,722	3,574	4,592	5,608	5,115	5,177	7,288	7,382	7,236	6,856	6,987
Operating Profit	235	224	243	313	346	372	354	377	442	614	572	579	535
OPM %	8%	8%	8%	8%	7%	6%	6%	7%	6%	8%	7%	8%	7%
Other Income	3	3	2	1	3	4	3	5	6	5	14	31	47
Interest	114	109	96	113	105	115	114	70	64	45	24	21	26
Depreciation	56	56	61	84	87	89	103	103	108	115	117	123	128
Profit before tax	67	62	87	118	156	173	139	209	276	459	445	467	428
Tax %	20%	12%	27%	27%	31%	30%	27%	25%	26%	27%	26%	25%
Net Profit	53	54	63	86	108	121	102	156	205	335	329	348	317
EPS in Rs	3.04	3.08	3.60	4.92	4.97	5.56	4.70	7.19	9.40	15.41	15.11	16.01	14.59
Dividend Payout %	8%	8%	7%	9%	10%	9%	11%	10%	10%	11%	16%	34%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	1.89%	16.67%	36.51%	25.58%	12.04%	-15.70%	52.94%	31.41%	63.41%	-1.79%	5.78%
Change in YoY Net Profit Growth (%)	0.00%	14.78%	19.84%	-10.93%	-13.54%	-27.74%	68.64%	-21.53%	32.00%	-65.21%	7.57%

Surya Roshni 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:	10%
5 Years:	6%
3 Years:	-1%
TTM:	-9%

Compounded Profit Growth
10 Years:	21%
5 Years:	28%
3 Years:	19%
TTM:	-20%

Stock Price CAGR
10 Years:	26%
5 Years:	48%
3 Years:	33%
1 Year:	-12%

Return on Equity
10 Years:	14%
5 Years:	16%
3 Years:	17%
Last Year:	15%

Last Updated: September 5, 2025, 1:41 pm

Balance Sheet

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

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	44	44	44	54	54	54	54	54	53	54	54	109	109
Reserves	730	767	648	897	993	1,098	1,185	1,312	1,492	1,807	2,109	2,355	2,398
Borrowings	1,038	948	895	1,071	1,097	1,192	1,090	732	593	418	16	16	124
Other Liabilities	259	310	390	594	711	685	641	842	974	776	739	752	816
Total Liabilities	2,071	2,068	1,977	2,616	2,855	3,029	2,970	2,939	3,112	3,054	2,919	3,233	3,446
Fixed Assets	912	936	753	1,101	1,072	1,089	1,061	1,029	943	912	835	841	873
CWIP	54	26	18	16	22	25	15	10	53	8	17	57	16
Investments	50	50	50	0	0	0	4	4	4	4	4	4	4
Other Assets	1,055	1,056	1,155	1,500	1,762	1,916	1,890	1,896	2,112	2,130	2,063	2,331	2,554
Total Assets	2,071	2,068	1,977	2,616	2,855	3,029	2,970	2,939	3,112	3,054	2,919	3,233	3,446

Below is a detailed analysis of the balance sheet data for Surya Roshni Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:

For Equity Capital, as of Sep 2025, the value is 109.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 109.00 Cr..
For Reserves, as of Sep 2025, the value is 2,398.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,355.00 Cr. (Mar 2025) to 2,398.00 Cr., marking an increase of 43.00 Cr..
For Borrowings, as of Sep 2025, the value is 124.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 16.00 Cr. (Mar 2025) to 124.00 Cr., marking an increase of 108.00 Cr..
For Other Liabilities, as of Sep 2025, the value is 816.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 752.00 Cr. (Mar 2025) to 816.00 Cr., marking an increase of 64.00 Cr..
For Total Liabilities, as of Sep 2025, the value is 3,446.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 3,233.00 Cr. (Mar 2025) to 3,446.00 Cr., marking an increase of 213.00 Cr..
For Fixed Assets, as of Sep 2025, the value is 873.00 Cr.. The value appears strong and on an upward trend. It has increased from 841.00 Cr. (Mar 2025) to 873.00 Cr., marking an increase of 32.00 Cr..
For CWIP, as of Sep 2025, the value is 16.00 Cr.. The value appears to be declining and may need further review. It has decreased from 57.00 Cr. (Mar 2025) to 16.00 Cr., marking a decrease of 41.00 Cr..
For Investments, as of Sep 2025, the value is 4.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 4.00 Cr..
For Other Assets, as of Sep 2025, the value is 2,554.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,331.00 Cr. (Mar 2025) to 2,554.00 Cr., marking an increase of 223.00 Cr..
For Total Assets, as of Sep 2025, the value is 3,446.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,233.00 Cr. (Mar 2025) to 3,446.00 Cr., marking an increase of 213.00 Cr..

Notably, the Reserves (2,398.00 Cr.) exceed the Borrowings (124.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	90	267	208	256	155	120	280	540	285	279	540	393
Cash from Investing Activity +	-146	-62	-51	-100	-63	-105	-52	-66	-54	-33	-51	-328
Cash from Financing Activity +	62	-203	-156	-163	-88	-37	-229	-475	-231	-246	-454	-80
Net Cash Flow	6	2	1	-6	4	-22	-1	-1	-0	-0	34	-15

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	234.00	-724.00	-652.00	312.00	345.00	371.00	353.00	-355.00	-151.00	196.00	556.00	563.00

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

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	61	69	65	59	53	51	47	50	42	34	33	44
Inventory Days	70	70	79	84	80	66	79	74	59	68	66	59
Days Payable	19	31	36	44	39	27	26	41	35	24	22	24
Cash Conversion Cycle	112	108	108	99	93	90	100	82	65	78	77	79
Working Capital Days	25	27	31	30	30	28	34	38	33	45	61	63
ROCE %	11%	9%	11%	13%	13%	13%	11%	13%	16%	23%	21%	21%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	62.96%	62.96%	62.96%	62.96%	62.96%	62.96%	62.96%	62.47%	62.47%	62.47%	62.47%	62.89%
FIIs	2.54%	4.87%	5.15%	5.26%	5.02%	4.49%	4.87%	4.53%	4.12%	4.67%	4.94%	4.75%
DIIs	0.24%	0.45%	0.45%	0.52%	0.56%	1.00%	1.03%	1.46%	1.63%	1.69%	1.67%	2.04%
Public	33.15%	30.63%	30.54%	30.63%	31.11%	31.27%	31.02%	31.49%	31.75%	31.15%	30.90%	30.31%
Others	1.11%	1.09%	0.91%	0.62%	0.36%	0.29%	0.12%	0.06%	0.03%	0.02%	0.02%	0.02%
No. of Shareholders	38,133	41,374	43,083	47,632	53,438	59,595	55,546	61,302	66,600	62,983	63,443	65,953

Shareholding Pattern Chart

No. of Shareholders

Surya Roshni Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
LIC MF Multi Cap Fund	487,662	0.68	12.04	N/A	N/A	N/A
LIC MF Dividend Yield Fund	290,045	1.1	7.16	293,006	2026-02-23 00:07:45	-1.01%
LIC MF Midcap Fund	125,459	0.94	3.1	N/A	N/A	N/A
LIC MF Balanced Advantage Fund	117,809	0.4	2.91	88,829	2025-12-15 01:17:07	32.62%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	5.00	5.00	10.00	10.00	10.00
Basic EPS (Rs.)	15.95	30.51	62.78	38.40	29.35
Diluted EPS (Rs.)	15.93	30.25	61.67	37.66	29.10
Cash EPS (Rs.)	21.57	41.15	83.80	58.75	48.69
Book Value[Excl.RevalReserv]/Share (Rs.)	113.31	199.70	346.33	290.19	255.04
Book Value[Incl.RevalReserv]/Share (Rs.)	113.31	199.70	346.33	290.19	255.04
Revenue From Operations / Share (Rs.)	341.78	719.88	1486.10	1449.62	1037.38
PBDIT / Share (Rs.)	27.99	54.05	115.13	84.13	71.63
PBIT / Share (Rs.)	22.35	43.24	93.68	63.81	52.48
PBT / Share (Rs.)	21.39	41.02	85.35	51.88	39.45
Net Profit / Share (Rs.)	15.93	30.34	62.35	38.42	29.53
NP After MI And SOA / Share (Rs.)	15.93	30.34	62.35	38.42	29.53
PBDIT Margin (%)	8.18	7.50	7.74	5.80	6.90
PBIT Margin (%)	6.53	6.00	6.30	4.40	5.05
PBT Margin (%)	6.25	5.69	5.74	3.57	3.80
Net Profit Margin (%)	4.66	4.21	4.19	2.65	2.84
NP After MI And SOA Margin (%)	4.66	4.21	4.19	2.65	2.84
Return on Networth / Equity (%)	14.05	15.19	18.00	13.24	11.57
Return on Capital Employeed (%)	18.98	20.66	25.60	19.47	16.79
Return On Assets (%)	10.71	11.26	10.97	6.57	5.38
Long Term Debt / Equity (X)	0.00	0.00	0.00	0.03	0.12
Total Debt / Equity (X)	0.00	0.00	0.21	0.37	0.48
Asset Turnover Ratio (%)	2.42	2.61	2.59	2.55	1.88
Current Ratio (X)	3.35	3.06	1.92	1.51	1.45
Quick Ratio (X)	2.01	1.39	0.85	0.79	0.76
Inventory Turnover Ratio (X)	7.48	5.01	5.47	6.35	4.54
Dividend Payout Ratio (NP) (%)	15.69	14.87	11.35	3.98	12.02
Dividend Payout Ratio (CP) (%)	11.59	10.96	8.44	2.60	7.29
Earning Retention Ratio (%)	84.31	85.13	88.65	96.02	87.98
Cash Earning Retention Ratio (%)	88.41	89.04	91.56	97.40	92.71
Interest Coverage Ratio (X)	29.36	24.38	13.81	7.05	5.50
Interest Coverage Ratio (Post Tax) (X)	17.71	14.69	8.48	4.22	3.27
Enterprise Value (Cr.)	5014.07	5496.06	3940.86	2785.69	2525.95
EV / Net Operating Revenue (X)	0.67	0.70	0.49	0.36	0.45
EV / EBITDA (X)	8.23	9.37	6.36	6.21	6.58
MarketCap / Net Operating Revenue (X)	0.71	0.70	0.44	0.28	0.33
Retention Ratios (%)	84.30	85.12	88.64	96.01	87.97
Price / BV (X)	2.15	2.56	1.90	1.43	1.36
Price / Net Operating Revenue (X)	0.71	0.70	0.44	0.28	0.33
EarningsYield	0.06	0.05	0.09	0.09	0.08

After reviewing the key financial ratios for Surya Roshni Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 25, the value is 5.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 5.00.
For Basic EPS (Rs.), as of Mar 25, the value is 15.95. This value is within the healthy range. It has decreased from 30.51 (Mar 24) to 15.95, marking a decrease of 14.56.
For Diluted EPS (Rs.), as of Mar 25, the value is 15.93. This value is within the healthy range. It has decreased from 30.25 (Mar 24) to 15.93, marking a decrease of 14.32.
For Cash EPS (Rs.), as of Mar 25, the value is 21.57. This value is within the healthy range. It has decreased from 41.15 (Mar 24) to 21.57, marking a decrease of 19.58.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 113.31. It has decreased from 199.70 (Mar 24) to 113.31, marking a decrease of 86.39.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 113.31. It has decreased from 199.70 (Mar 24) to 113.31, marking a decrease of 86.39.
For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 341.78. It has decreased from 719.88 (Mar 24) to 341.78, marking a decrease of 378.10.
For PBDIT / Share (Rs.), as of Mar 25, the value is 27.99. This value is within the healthy range. It has decreased from 54.05 (Mar 24) to 27.99, marking a decrease of 26.06.
For PBIT / Share (Rs.), as of Mar 25, the value is 22.35. This value is within the healthy range. It has decreased from 43.24 (Mar 24) to 22.35, marking a decrease of 20.89.
For PBT / Share (Rs.), as of Mar 25, the value is 21.39. This value is within the healthy range. It has decreased from 41.02 (Mar 24) to 21.39, marking a decrease of 19.63.
For Net Profit / Share (Rs.), as of Mar 25, the value is 15.93. This value is within the healthy range. It has decreased from 30.34 (Mar 24) to 15.93, marking a decrease of 14.41.
For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 15.93. This value is within the healthy range. It has decreased from 30.34 (Mar 24) to 15.93, marking a decrease of 14.41.
For PBDIT Margin (%), as of Mar 25, the value is 8.18. This value is below the healthy minimum of 10. It has increased from 7.50 (Mar 24) to 8.18, marking an increase of 0.68.
For PBIT Margin (%), as of Mar 25, the value is 6.53. This value is below the healthy minimum of 10. It has increased from 6.00 (Mar 24) to 6.53, marking an increase of 0.53.
For PBT Margin (%), as of Mar 25, the value is 6.25. This value is below the healthy minimum of 10. It has increased from 5.69 (Mar 24) to 6.25, marking an increase of 0.56.
For Net Profit Margin (%), as of Mar 25, the value is 4.66. This value is below the healthy minimum of 5. It has increased from 4.21 (Mar 24) to 4.66, marking an increase of 0.45.
For NP After MI And SOA Margin (%), as of Mar 25, the value is 4.66. This value is below the healthy minimum of 8. It has increased from 4.21 (Mar 24) to 4.66, marking an increase of 0.45.
For Return on Networth / Equity (%), as of Mar 25, the value is 14.05. This value is below the healthy minimum of 15. It has decreased from 15.19 (Mar 24) to 14.05, marking a decrease of 1.14.
For Return on Capital Employeed (%), as of Mar 25, the value is 18.98. This value is within the healthy range. It has decreased from 20.66 (Mar 24) to 18.98, marking a decrease of 1.68.
For Return On Assets (%), as of Mar 25, the value is 10.71. This value is within the healthy range. It has decreased from 11.26 (Mar 24) to 10.71, marking a decrease of 0.55.
For Long Term Debt / Equity (X), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 0.2. There is no change compared to the previous period (Mar 24) which recorded 0.00.
For Total Debt / Equity (X), as of Mar 25, the value is 0.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 0.00.
For Asset Turnover Ratio (%), as of Mar 25, the value is 2.42. It has decreased from 2.61 (Mar 24) to 2.42, marking a decrease of 0.19.
For Current Ratio (X), as of Mar 25, the value is 3.35. This value exceeds the healthy maximum of 3. It has increased from 3.06 (Mar 24) to 3.35, marking an increase of 0.29.
For Quick Ratio (X), as of Mar 25, the value is 2.01. This value exceeds the healthy maximum of 2. It has increased from 1.39 (Mar 24) to 2.01, marking an increase of 0.62.
For Inventory Turnover Ratio (X), as of Mar 25, the value is 7.48. This value is within the healthy range. It has increased from 5.01 (Mar 24) to 7.48, marking an increase of 2.47.
For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 15.69. This value is below the healthy minimum of 20. It has increased from 14.87 (Mar 24) to 15.69, marking an increase of 0.82.
For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 11.59. This value is below the healthy minimum of 20. It has increased from 10.96 (Mar 24) to 11.59, marking an increase of 0.63.
For Earning Retention Ratio (%), as of Mar 25, the value is 84.31. This value exceeds the healthy maximum of 70. It has decreased from 85.13 (Mar 24) to 84.31, marking a decrease of 0.82.
For Cash Earning Retention Ratio (%), as of Mar 25, the value is 88.41. This value exceeds the healthy maximum of 70. It has decreased from 89.04 (Mar 24) to 88.41, marking a decrease of 0.63.
For Interest Coverage Ratio (X), as of Mar 25, the value is 29.36. This value is within the healthy range. It has increased from 24.38 (Mar 24) to 29.36, marking an increase of 4.98.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 17.71. This value is within the healthy range. It has increased from 14.69 (Mar 24) to 17.71, marking an increase of 3.02.
For Enterprise Value (Cr.), as of Mar 25, the value is 5,014.07. It has decreased from 5,496.06 (Mar 24) to 5,014.07, marking a decrease of 481.99.
For EV / Net Operating Revenue (X), as of Mar 25, the value is 0.67. This value is below the healthy minimum of 1. It has decreased from 0.70 (Mar 24) to 0.67, marking a decrease of 0.03.
For EV / EBITDA (X), as of Mar 25, the value is 8.23. This value is within the healthy range. It has decreased from 9.37 (Mar 24) to 8.23, marking a decrease of 1.14.
For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 0.71. This value is below the healthy minimum of 1. It has increased from 0.70 (Mar 24) to 0.71, marking an increase of 0.01.
For Retention Ratios (%), as of Mar 25, the value is 84.30. This value exceeds the healthy maximum of 70. It has decreased from 85.12 (Mar 24) to 84.30, marking a decrease of 0.82.
For Price / BV (X), as of Mar 25, the value is 2.15. This value is within the healthy range. It has decreased from 2.56 (Mar 24) to 2.15, marking a decrease of 0.41.
For Price / Net Operating Revenue (X), as of Mar 25, the value is 0.71. This value is below the healthy minimum of 1. It has increased from 0.70 (Mar 24) to 0.71, marking an increase of 0.01.
For EarningsYield, as of Mar 25, the value is 0.06. This value is below the healthy minimum of 5. It has increased from 0.05 (Mar 24) to 0.06, marking an increase of 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Surya Roshni Ltd as of March 9, 2026 is: ₹204.12

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of March 9, 2026, Surya Roshni Ltd is Overvalued by 4.17% compared to the current share price ₹213.00

Intrinsic Value of Surya Roshni Ltd as of March 9, 2026 is: ₹222.88

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of March 9, 2026, Surya Roshni Ltd is Undervalued by 4.64% compared to the current share price ₹213.00

Last 5 Year EPS CAGR: 9.19%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (1,368.54 cr) compared to borrowings (710.00 cr), indicating strong financial stability. The company has shown consistent growth in sales (4.85 cr) and profit (237.38 cr) over the years.	The stock has a low average ROCE of 14.58%, which may not be favorable. The stock has a high average Working Capital Days of 37.08, which may not be favorable. The stock has a high average Cash Conversion Cycle of 90.92, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Surya Roshni Ltd:
1. Net Profit Margin: 4.66%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 18.98% (Industry Average ROCE: 15.34%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 14.05% (Industry Average ROE: 11.65%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 17.71
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 2.01
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 14.6 (Industry average Stock P/E: 41.68)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Surya Roshni Ltd. is a Public Limited Listed company incorporated on 17/10/1973 and has its registered office in the State of Haryana, India. Company's Corporate Identification Number(CIN) is L31501HR1973PLC007543 and registration number is 007543. Currently Company is involved in the business activities of Manufacture of tube and tube fittings of basic iron and steel. Company's Total Operating Revenue is Rs. 7435.22 Cr. and Equity Capital is Rs. 108.78 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Steel - Tubes/Pipes	Prakash Nagar, Rohtak Road, Bahadurgarh Haryana 124507	Contact not found

Management
Name	Position Held
Mr. Jai Prakash Agarwal	Executive Chairman
Mr. Raju Bista	Managing Director
Mr. Vinay Surya	Managing Director
Mr. Kaustubh N Karmarkar	Whole Time Director
Mr. Sunil Sikka	Independent Director
Ms. Suruchi Aggarwal	Independent Woman Director
Mrs. Urmil Agarwal	Director
Mr. Tekan Ghanshyam Keswani	Independent Director
Mr. Naresh Agarwal	Independent Director
Mrs. Puja Surya	Whole Time Director
Mr. Ravinder Kumar Jaggi	Independent Director

FAQ

What is the intrinsic value of Surya Roshni Ltd?

Surya Roshni Ltd's intrinsic value (as of 09 March 2026) is ₹222.88 which is 4.64% higher the current market price of ₹213.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's ₹4,640 Cr. market cap, FY2025-2026 high/low of ₹359/205, reserves of ₹2,398 Cr, and liabilities of ₹3,446 Cr.

What is the Market Cap of Surya Roshni Ltd?

The Market Cap of Surya Roshni Ltd is 4,640 Cr..

What is the current Stock Price of Surya Roshni Ltd as on 09 March 2026?

The current stock price of Surya Roshni Ltd as on 09 March 2026 is ₹213.

What is the High / Low of Surya Roshni Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Surya Roshni Ltd stocks is ₹359/205.

What is the Stock P/E of Surya Roshni Ltd?

The Stock P/E of Surya Roshni Ltd is 14.6.

What is the Book Value of Surya Roshni Ltd?

The Book Value of Surya Roshni Ltd is 115.

What is the Dividend Yield of Surya Roshni Ltd?

The Dividend Yield of Surya Roshni Ltd is 1.99 %.

What is the ROCE of Surya Roshni Ltd?

The ROCE of Surya Roshni Ltd is 20.7 %.

What is the ROE of Surya Roshni Ltd?

The ROE of Surya Roshni Ltd is 14.9 %.

What is the Face Value of Surya Roshni Ltd?

The Face Value of Surya Roshni Ltd is 5.00.