Suraj

Why is Suraj Ltd falling/rising?

As of 12-Jul, Suraj Ltd's stock price has risen by 1.5%, but the company faces significant challenges, including a year-to-date decline of 6.44% and a 38.95% drop over the past year, alongside poor financial metrics and declining sales. Overall, despite the temporary stock price increase, the fundamentals indicate a struggling company with limited growth prospects.

As of 12-Jul, Suraj Ltd's stock price is currently rising, with a change of 3.46, representing a 1.5% increase. However, this rise occurs in the context of broader performance metrics that indicate significant challenges for the company. Over the past week, the stock has underperformed the benchmark Sensex, declining by 0.67% compared to the Sensex's 0.26% drop. <BR><BR>In the longer term, the stock has shown a year-to-date decline of 6.44% and a staggering 38.95% drop over the past year. This poor performance is compounded by a high Debt to EBITDA ratio of 3.74 times, indicating a low ability to service debt, and a concerning trend in net sales, which have decreased at an annual rate of 21.10% over the last five years. <BR><BR>Additionally, the company's recent financial results reflect a decline in net sales by 26.08% and a significant drop in profit after tax by 37.84%. The inventory turnover ratio is at its lowest, suggesting inefficiencies in managing stock. Despite the current rise in stock price, the overall indicators point to a struggling company with flat long-term growth prospects and a history of underperformance against benchmarks. Thus, while there is a temporary increase in stock price, the underlying fundamentals suggest a challenging environment for Suraj Ltd.

Which are the latest news on Suraj?

How big is Suraj?

Summary could not be generated.

As of 10th June, Suraj Ltd has a market capitalization of 422.00 Cr, which classifies it as a Micro Cap company.<BR><BR>In the latest four quarters, Suraj Ltd reported net sales of 205.84 Cr and a net profit of 7.47 Cr.<BR><BR>The reporting period for the balance sheet data is the latest annual period, but specific values for Shareholder's Funds and Total Assets are unavailable.

Who are in the management team of Suraj?

The management team of Suraj includes Ashok T Shah (Chairman & CFO), Gunvant T Shah (Whole-time Director), Kunal T Shah (Managing Director), Shilpa Ben Mangaldas Patel (Whole-time Director), Maunishkumar S Gandhi (Company Secretary & Compliance Officer), and several independent directors: Anil Kanwal Gidwani, Rajesh Chimanlal Kharandi, Altesh Jayantilal Shah, and Jagrutkumar Mehta.

The management team of Suraj includes the following individuals:<BR><BR>1. **Ashok T Shah** - Chairman & CFO<BR>2. **Gunvant T Shah** - Whole-time Director<BR>3. **Kunal T Shah** - Managing Director<BR>4. **Shilpa Ben Mangaldas Patel** - Whole-time Director<BR>5. **Maunishkumar S Gandhi** - Company Secretary & Compliance Officer<BR>6. **Anil Kanwal Gidwani** - Non-Executive & Independent Director<BR>7. **Rajesh Chimanlal Kharandi** - Non-Executive & Independent Director<BR>8. **Altesh Jayantilal Shah** - Independent Director<BR>9. **Jagrutkumar Mehta** - Independent Director<BR><BR>If you need more details about any specific member or their roles, feel free to ask!

Who are the peers of the Suraj?

Suraj's peers include Kamdhenu, Scoda Tubes, Panchmahal Steel, Azad India, Shah Metacorp, Aerpace Indus, Manaksia, Bedmutha Indus., and Riddhi Steel. In terms of management risk, growth, and capital structure, Kamdhenu and Manaksia show strong performance, while Suraj has average ratings and a 1-year return of -37.85%.

Peers: The peers of Suraj are Kamdhenu, Scoda Tubes, Panchmahal Steel, Azad India, Shah Metacorp, Aerpace Indus, Manaksia, Bedmutha Indus., and Riddhi Steel.<BR><BR>Quality Snapshot: Excellent management risk is observed at Kamdhenu and Manaksia, while Average management risk is found at Scoda Tubes, Panchmahal Steel, and Suraj, and the rest. Below Average management risk is noted at Azad India, Shah Metacorp, Aerpace Indus, Bedmutha Indus., and Riddhi Steel. Growth is Excellent at Azad India, Good at Scoda Tubes and Bedmutha Indus., Below Average at Kamdhenu, Panchmahal Steel, Suraj, Manaksia, and the rest, and Below Average at Shah Metacorp, Aerpace Indus, and Riddhi Steel. Capital Structure is Excellent at Kamdhenu and Manaksia, Average at Scoda Tubes, Panchmahal Steel, and Suraj, and Below Average at Azad India, Shah Metacorp, Aerpace Indus, Bedmutha Indus., and Riddhi Steel.<BR><BR>Return Snapshot: Riddhi Steel has the highest 1-year return at 293.64%, while Scoda Tubes has the lowest at -32.34%, with Suraj's 1-year return at -37.85%, indicating it performs worse than both. Additionally, the six-month return is negative for Scoda Tubes, Panchmahal Steel, Azad India, Shah Metacorp, Suraj, Manaksia, Bedmutha Indus., and Riddhi Steel.

What does Suraj do?

Suraj Ltd is a micro-cap manufacturer of stainless steel welded pipes and tubes, with net sales of 43 Cr and a net profit of 3 Cr for the quarter ending March 2026. The company has a market cap of INR 422 Cr and key financial metrics include a P/E ratio of 56.00 and a dividend yield of 0.65%.

Overview:<BR>Suraj Ltd is a manufacturer of stainless steel welded pipes and tubes, operating within the Iron & Steel Products industry and classified as a micro-cap company.<BR><BR>History:<BR>Suraj Ltd was incorporated as a private limited company in 1994 and converted into a public limited company in 1995. The company underwent a significant business transformation after amalgamating with Suraj Stainless Ltd. The latest quarterly results reported net sales and net profit for the period ending March 2026.<BR><BR>Financial Snapshot:<BR>Net Sales: 43 Cr (Quarterly Results - Mar 2026) <BR>Net Profit: 3 Cr (Quarterly Results - Mar 2026) <BR>Market Cap: INR 422 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 56.00 <BR>Industry P/E: 26 <BR>Dividend Yield: 0.65% <BR>Debt Equity: 0.44 <BR>Return on Equity: 5.42% <BR>Price to Book: 3.09 <BR><BR>Contact Details:<BR>Address: Suraj House Ashram Road, Opp Usmanpura Garden Ahmedabad Gujarat : 380014 <BR>Tel: 91-079-27540720/27540721 <BR>Email: suraj@surajgroup.com <BR>Website: http://www.surajgroup.com

Are Suraj Ltd latest results good or bad?

Suraj Ltd's latest results show a mixed performance: while the net profit for Q4 FY26 increased by 82.61% quarter-on-quarter, it declined by 142.57% year-on-year, and net sales fell by 29.82% quarter-on-quarter and 26.08% year-on-year, indicating significant operational challenges and revenue pressures. Investors should remain cautious and watch for future improvements.

Suraj Ltd's latest results present a mixed picture. On one hand, the company reported a consolidated net profit of ₹2.52 crore for Q4 FY26, which is an impressive 82.61% increase quarter-on-quarter. This indicates a recovery in profitability compared to the previous quarter. However, when looking at the year-on-year performance, the net profit reflects a significant decline of 142.57%, highlighting challenges over a longer time frame.<BR><BR>The net sales for the same quarter were ₹43.43 crore, which represents a concerning decline of 29.82% compared to the previous quarter and a 26.08% drop year-on-year. This sharp contraction in revenue raises questions about demand and competitive positioning in the market, particularly in the stainless steel pipes segment.<BR><BR>Additionally, the operating margin (excluding other income) decreased to 5.55%, down from 8.37% in the previous quarter, indicating that the company is facing margin pressures despite managing to return to profitability. The reliance on non-operating income, which constituted a significant portion of the profit before tax, raises concerns about the sustainability of these earnings.<BR><BR>Overall, while the profit recovery in the latest quarter is a positive sign, the substantial revenue decline and operational challenges suggest that the company's performance is under significant pressure. Investors should be cautious and monitor future quarters for signs of stabilization and improvement in revenue and margins.

Should I buy, sell or hold Suraj Ltd?

When is the next results date for Suraj Ltd?

The next results date for Suraj Ltd is 07 May 2026.

The next results date for Suraj Ltd is scheduled for 07 May 2026.

Is Suraj technically bullish or bearish?

As of November 20, 2025, Suraj's technical trend has shifted to a bearish stance, supported by bearish MACD, moving averages, and Bollinger Bands, despite some mild bullishness in the KST.

As of 20 November 2025, the technical trend for Suraj has changed from mildly bearish to bearish. The current stance is bearish with moderate strength. The weekly MACD is bearish, and the daily moving averages confirm a bearish outlook. Bollinger Bands on the weekly timeframe are mildly bearish, while the monthly perspective shows a bearish trend. The Dow Theory also indicates a mildly bearish stance on both weekly and monthly charts. Although the KST shows mild bullishness on the weekly, it is outweighed by the overall bearish indicators. The RSI shows no signals, indicating a lack of momentum in either direction. Overall, the combination of these indicators suggests a bearish sentiment for Suraj in the near term.

How has been the historical performance of Suraj?

Suraj's historical performance shows a declining trend in key financial metrics, with net sales dropping from INR 366.64 crore in March 2023 to INR 233.74 crore in March 2025, alongside decreases in operating profit, profit before tax, profit after tax, and earnings per share. Overall, the company's financial performance has weakened over the observed period.

Answer:<BR>The historical performance of Suraj shows a fluctuating trend in key financial metrics over the years.<BR><BR>Breakdown:<BR>Suraj's net sales have seen a decline from INR 366.64 crore in March 2023 to INR 233.74 crore in March 2025, with a peak of INR 366.64 crore in March 2023. The total operating income followed a similar trend, decreasing from INR 366.64 crore in March 2023 to INR 233.74 crore in March 2025. The total expenditure, excluding depreciation, also decreased from INR 331.66 crore in March 2023 to INR 205.46 crore in March 2025. Operating profit (PBDIT) decreased from INR 40.65 crore in March 2023 to INR 32.51 crore in March 2025, while profit before tax dropped from INR 28.62 crore in March 2023 to INR 16.89 crore in March 2025. Profit after tax showed a decline from INR 20.12 crore in March 2023 to INR 11.70 crore in March 2025. The earnings per share (EPS) also decreased from INR 10.96 in March 2023 to INR 7.24 in March 2025. Overall, Suraj's financial performance reflects a downward trend in sales and profits over the observed period.

Is Suraj overvalued or undervalued?

As of October 6, 2025, Suraj is fairly valued with a PE ratio of 56.01 and an EV to EBITDA of 26.70, but has underperformed with a year-to-date return of -39.27% compared to a 4.67% gain in the Sensex.

As of 6 October 2025, the valuation grade for Suraj has moved from expensive to fair. The company is currently fairly valued. Key ratios include a PE ratio of 56.01, an EV to EBITDA of 26.70, and a ROE of 10.01%. In comparison to peers, JSW Steel has a PE ratio of 55.4 and Tata Steel has a PE ratio of 43.72, indicating that Suraj's valuation is in line with its industry but on the higher end.<BR><BR>Despite the fair valuation, Suraj has faced significant stock performance challenges, with a year-to-date return of -39.27% compared to a 4.67% gain in the Sensex. This underperformance may suggest that while the stock is fairly valued based on ratios, market sentiment and external factors could be influencing its price negatively.

Who are the top shareholders of the Suraj?

The top shareholders of Suraj include Anilaben Ashokkumar Shah with 19.43%, Dinesh Stainless Private Ltd at 3.74%, and individual investors holding 19.31%. There are no pledged promoter holdings, and the company has no mutual funds or foreign institutional investors.

The top shareholders of Suraj include the promoters, with Anilaben Ashokkumar Shah holding the highest stake at 19.43%. Additionally, Dinesh Stainless Private Ltd is the largest public shareholder, owning 3.74%. Individual investors collectively hold 19.31% of the shares. Notably, there are no pledged promoter holdings, and the company does not have any mutual funds or foreign institutional investors (FIIs) holding shares.

What is the bonus history of the Suraj?

Suraj Ltd issued a 2:1 bonus on September 14, 2007, with a record date of September 17, 2007, allowing shareholders to receive two additional shares for every one share held.

Suraj Ltd has a bonus history that includes a notable 2:1 bonus issue announced with an ex-date of September 14, 2007. The record date for this bonus was September 17, 2007. This means that shareholders on the record date received two additional shares for every one share they held. If you have any more questions about Suraj or need further details, feel free to ask!

Has Suraj declared dividend?

Yes, Suraj Ltd has declared a 15% dividend, amounting to 1.5 per share, with an ex-date of February 10, 2025. The company has shown strong total returns over various periods, particularly in the long term.

Suraj Ltd has declared a 15% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 15%<BR>- Amount per share: 1.5<BR>- Ex-date: 10 Feb 25<BR><BR>Dividend Yield: 0.39%<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -11.66%, the dividend return was 0.36%, resulting in a total return of -11.3%.<BR><BR>Over the past year, there was a price return of 63.68%, a dividend return of 0.64%, leading to a total return of 64.32%.<BR><BR>In the 2-year period, the price return was 195.0%, with a dividend return of 2.11%, culminating in a total return of 197.11%.<BR><BR>For the 3-year period, the price return stood at 446.86%, the dividend return was 4.23%, which resulted in a total return of 451.09%.<BR><BR>In the last 4 years, the price return was 465.83%, the dividend return was 4.81%, leading to a total return of 470.64%.<BR><BR>Finally, over the 5-year period, the price return reached 1770.0%, with a dividend return of 9.71%, resulting in a total return of 1779.71%.<BR><BR>Overall, Suraj Ltd has declared a dividend, contributing positively to its total returns, especially over longer periods, indicating strong performance and shareholder value enhancement.