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Surya Roshni Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹165.11Overvalued by 24.61%vs CMP ₹219.00

P/E (15.3) × ROE (10.9%) × BV (₹121.00) × DY (2.28%)

₹181.47Overvalued by 17.14%vs CMP ₹219.00
MoS: -20.7% (Negative)Confidence: 60/100 (Moderate)Models: 1 Under, 2 Fair, 6 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹180.2922%Over (-17.7%)
Graham NumberEarnings₹199.3016%Fair (-9%)
Earnings PowerEarnings₹124.9713%Over (-42.9%)
DCFCash Flow₹230.4813%Fair (+5.2%)
Net Asset ValueAssets₹120.877%Over (-44.8%)
EV/EBITDAEnterprise₹254.229%Under (+16.1%)
Earnings YieldEarnings₹145.907%Over (-33.4%)
ROCE CapitalReturns₹174.259%Over (-20.4%)
Revenue MultipleRevenue₹170.715%Over (-22.1%)
Consensus (9 models)₹181.47100%Overvalued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 9.2%

*Investments are subject to market risks

Analyst Summary

Surya Roshni Ltd operates in the Steel - Tubes/Pipes segment, current market price is ₹219.00, market cap is 4,769 Cr.. At a glance, stock P/E is 15.3, ROE is 10.9 %, ROCE is 15.6 %, book value is 121, dividend yield is 2.28 %. The latest intrinsic value estimate is ₹181.47, around 17.1% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹7,435 Cr versus the prior period change of -4.8%, while latest net profit is about ₹348 Cr with a prior-period change of 5.8%. The 52-week range shown on this page is 314/187, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisSurya 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 L31501HR…

This summary is generated from the stock page data available for Surya Roshni Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

52
Surya Roshni Ltd scores 52/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health67/100 · Strong
ROCE 15.6% GoodROE 10.9% AverageD/E 0.48 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money30/100 · Weak
FII holding down -1.13% (6mo) SellingPromoter holding at 63.0% Stable
Earnings Quality50/100 · Moderate
OPM stable around 8% Steady
Quarterly Momentum40/100 · Moderate
Revenue (4Q): 2% YoY FlatProfit (4Q): -1% YoY Declining
Industry Rank55/100 · Moderate
P/E 15.3 vs industry 53.2 Cheaper than peersROCE 15.6% vs industry 14.5% Average3Y sales CAGR: -1% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily.

Share Price and Basic Stock Data

Last Updated: August 25, 2026, 8:11 am

Market Cap 4,769 Cr.
Current Price 219
Intrinsic Value₹181.47
High / Low 314/187
Stock P/E15.3
Book Value 121
Dividend Yield2.28 %
ROCE15.6 %
ROE10.9 %
Face Value 5.00
PEG Ratio1.66

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

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 4,769 Cr. 219 314/18715.3 1212.28 %15.6 %10.9 % 5.00
Goodluck India Ltd 4,763 Cr. 478 558/30526.0 1390.21 %15.1 %13.4 % 2.00
Man Industries (India) Ltd 5,386 Cr. 718 735/30226.4 2780.00 %16.2 %9.23 % 5.00
Hi-Tech Pipes Ltd 1,639 Cr. 80.7 128/70.126.7 61.60.03 %9.21 %5.26 % 1.00
Gandhi Special Tubes Ltd 1,088 Cr. 895 1,034/68114.4 2601.68 %28.4 %20.0 % 5.00
Industry Average14,993.25 Cr652.8153.22157.380.38%14.52%11.06%4.69

All Competitor Stocks of Surya Roshni Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 2,0212,1511,8751,9161,9382,0801,8931,5291,8682,1461,6041,8451,927
Expenses 1,8581,8991,7611,7781,7831,9151,7421,4521,7181,9431,5351,7271,782
Operating Profit 1632521141371551661517615020270118145
OPM % 8%12%6%7%8%8%8%5%8%9%4%6%8%
Other Income 122147896913233
Interest 111066745655597
Depreciation 30292929302930313031323233
Profit before tax 123215811031211391234812117546100107
Tax % 27%28%27%27%26%25%25%25%26%26%26%26%26%
Net Profit 90156597690104923690130347480
EPS in Rs 4.127.152.713.494.144.774.251.664.135.981.543.413.66

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

Quarterly Chart

Profit & Loss - Annual Report

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

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 2,9622,7782,9643,8874,9385,9805,4695,5547,7307,9967,8097,4357,522
Expenses 2,7282,5552,7223,5744,5925,6085,1155,1777,2887,3827,2366,8566,987
Operating Profit 235224243313346372354377442614572579535
OPM % 8%8%8%8%7%6%6%7%6%8%7%8%7%
Other Income 3321343565143147
Interest 11410996113105115114706445242126
Depreciation 565661848789103103108115117123128
Profit before tax 676287118156173139209276459445467428
Tax % 20%12%27%27%31%30%27%25%26%27%26%25%
Net Profit 53546386108121102156205335329348317
EPS in Rs 3.043.083.604.924.975.564.707.199.4015.4115.1116.0114.59
Dividend Payout % 8%8%7%9%10%9%11%10%10%11%16%34%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
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: July 23, 2026, 1:00 am

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital 44445454545454535454109109
Reserves 7676488979931,0981,1851,3121,4921,8072,1092,3552,523
Borrowings 9488951,0711,0971,1921,090732593418161680
Other Liabilities 310390594711685641842974776739752832
Total Liabilities 2,0681,9772,6162,8553,0292,9702,9393,1123,0542,9193,2333,544
Fixed Assets 9367531,1011,0721,0891,0611,029943912835841892
CWIP 26181622251510538175730
Investments 50500004444444
Other Assets 1,0561,1551,5001,7621,9161,8901,8962,1122,1302,0632,3312,618
Total Assets 2,0681,9772,6162,8553,0292,9702,9393,1123,0542,9193,2333,544

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + 267208256155120280540285279540393401
Cash from Investing Activity + -62-51-100-63-105-52-66-54-33-51-328-284
Cash from Financing Activity + -203-156-163-88-37-229-475-231-246-454-80-92
Net Cash Flow 21-64-22-1-1-0-034-1524
Free Cash Flow 2041571589015232474231246489253250
CFO/OP 124%95%90%55%42%90%157%79%63%118%91%107%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow235.00-724.00-652.00312.00345.00371.00353.00-355.00-151.00196.00556.00563.00

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 616965595351475042343344
Inventory Days 707079848066797459686659
Days Payable 193136443927264135242224
Cash Conversion Cycle 1121081089993901008265787779
Working Capital Days 252731303028343833456163
ROCE %11%9%11%13%13%13%11%13%16%23%21%21%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters 62.96%62.96%62.96%62.96%62.96%62.47%62.47%62.47%62.47%62.89%63.00%63.02%
FIIs 5.15%5.26%5.02%4.49%4.87%4.53%4.12%4.67%4.94%4.75%4.68%3.81%
DIIs 0.45%0.52%0.56%1.00%1.03%1.46%1.63%1.69%1.67%2.04%2.10%1.90%
Public 30.54%30.63%31.11%31.27%31.02%31.49%31.75%31.15%30.90%30.31%30.20%31.27%
Others 0.91%0.62%0.36%0.29%0.12%0.06%0.03%0.02%0.02%0.02%0.01%0.00%
No. of Shareholders 43,08347,63253,43859,59555,54661,30266,60062,98363,44365,95366,76667,798

Shareholding Pattern Chart

No. of Shareholders

Surya Roshni 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
LIC MF Dividend Yield Fund 331,021 1.25 8.28335,0932026-06-09 22:26:26-1.22%
LIC MF Midcap Fund 201,370 1.45 5.04125,4592026-03-21 06:44:2660.51%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 5.005.0010.0010.0010.00
Basic EPS (Rs.) 15.9530.5162.7838.4029.35
Diluted EPS (Rs.) 15.9330.2561.6737.6629.10
Cash EPS (Rs.) 21.5741.1583.8058.7548.69
Book Value[Excl.RevalReserv]/Share (Rs.) 113.31199.70346.33290.19255.04
Book Value[Incl.RevalReserv]/Share (Rs.) 113.31199.70346.33290.19255.04
Revenue From Operations / Share (Rs.) 341.78719.881486.101449.621037.38
PBDIT / Share (Rs.) 27.9954.05115.1384.1371.63
PBIT / Share (Rs.) 22.3543.2493.6863.8152.48
PBT / Share (Rs.) 21.3941.0285.3551.8839.45
Net Profit / Share (Rs.) 15.9330.3462.3538.4229.53
NP After MI And SOA / Share (Rs.) 15.9330.3462.3538.4229.53
PBDIT Margin (%) 8.187.507.745.806.90
PBIT Margin (%) 6.536.006.304.405.05
PBT Margin (%) 6.255.695.743.573.80
Net Profit Margin (%) 4.664.214.192.652.84
NP After MI And SOA Margin (%) 4.664.214.192.652.84
Return on Networth / Equity (%) 14.0515.1918.0013.2411.57
Return on Capital Employeed (%) 18.9820.6625.6019.4716.79
Return On Assets (%) 10.7111.2610.976.575.38
Long Term Debt / Equity (X) 0.000.000.000.030.12
Total Debt / Equity (X) 0.000.000.210.370.48
Asset Turnover Ratio (%) 2.422.612.592.551.88
Current Ratio (X) 3.353.061.921.511.45
Quick Ratio (X) 2.011.390.850.790.76
Inventory Turnover Ratio (X) 7.485.015.476.354.54
Dividend Payout Ratio (NP) (%) 15.6914.8711.353.9812.02
Dividend Payout Ratio (CP) (%) 11.5910.968.442.607.29
Earning Retention Ratio (%) 84.3185.1388.6596.0287.98
Cash Earning Retention Ratio (%) 88.4189.0491.5697.4092.71
Interest Coverage Ratio (X) 29.3624.3813.817.055.50
Interest Coverage Ratio (Post Tax) (X) 17.7114.698.484.223.27
Enterprise Value (Cr.) 5014.075496.063940.862785.692525.95
EV / Net Operating Revenue (X) 0.670.700.490.360.45
EV / EBITDA (X) 8.239.376.366.216.58
MarketCap / Net Operating Revenue (X) 0.710.700.440.280.33
Retention Ratios (%) 84.3085.1288.6496.0187.97
Price / BV (X) 2.152.561.901.431.36
Price / Net Operating Revenue (X) 0.710.700.440.280.33
EarningsYield 0.060.050.090.090.08

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

[display_about_company_data title=”About the Company – Qualitative Analysis”]

FAQ

What is the intrinsic value of Surya Roshni Ltd and is it undervalued?

As of 09 September 2026, Surya Roshni Ltd's intrinsic value is ₹181.47, which is 17.14% lower than the current market price of ₹219.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (10.9 %), book value (₹121), dividend yield (2.28 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Surya Roshni Ltd?

Surya Roshni Ltd is trading at ₹219.00 as of 09 September 2026, with a FY2026-2027 high of ₹314 and low of ₹187. The stock is currently in the middle of its 52-week range. Market cap stands at ₹4,769 Cr..

How does Surya Roshni Ltd's P/E ratio compare to its industry?

Surya Roshni Ltd has a P/E ratio of 15.3, which is below the industry average of 53.22. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Surya Roshni Ltd financially healthy?

Key indicators for Surya Roshni Ltd: ROCE of 15.6 % indicates efficient capital utilization. Dividend yield is 2.28 %.

Is Surya Roshni Ltd profitable and how is the profit trend?

Surya Roshni Ltd reported a net profit of ₹348 Cr in Mar 2025 on revenue of ₹7,435 Cr. Compared to ₹205 Cr in Mar 2022, the net profit shows an improving trend.

Does Surya Roshni Ltd pay dividends?

Surya Roshni Ltd has a dividend yield of 2.28 % at the current price of ₹219.00. This is a relatively attractive yield for income-seeking investors.

Last Updated: August 25, 2026, 8:11 am
Author: Getaka|Social: XLinkedIn
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 Surya Roshni 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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