Stock Performance and Market Context
On 12 Jan 2026, Suraj Products Ltd. saw its share price fall by 5.00% intraday, touching the new low of Rs.173.05. This decline extended a losing streak that has persisted for six consecutive trading sessions, during which the stock has depreciated by 20.56%. The day’s performance lagged behind the Iron & Steel Products sector by 4.75%, underscoring relative weakness within its industry group.
The stock is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained bearish momentum. This technical positioning highlights the stock’s struggle to regain upward traction in the near term.
In contrast, the broader market index, Sensex, despite opening 140.93 points lower, closed down by 443.85 points at 82,991.46, a decline of 0.7%. Notably, the Sensex remains within 3.82% of its 52-week high of 86,159.02, and its 50-day moving average continues to trade above the 200-day moving average, indicating a more resilient market backdrop compared to Suraj Products’ performance.
Long-Term and Recent Financial Trends
Suraj Products Ltd. has experienced a challenging financial period, reflected in its stock performance and underlying business metrics. Over the past year, the stock has delivered a negative return of 62.13%, a stark contrast to the Sensex’s positive 7.24% gain over the same timeframe. The stock’s 52-week high was Rs.479, illustrating the extent of the decline.
Financially, the company’s net sales have grown at a modest compound annual growth rate of 12.70% over the last five years, while operating profit has increased at an annual rate of 11.93%. However, recent quarterly results have been disappointing, with four consecutive quarters of negative outcomes. The latest quarter reported a Profit After Tax (PAT) of Rs.3.20 crore, down by 50.7%, while net sales reached a low of Rs.58.69 crore. Operating profit before depreciation, interest, and taxes (PBDIT) also declined to Rs.5.85 crore, marking the lowest level in recent quarters.
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Valuation and Market Sentiment
The company’s Mojo Score currently stands at 36.0, with a Mojo Grade of Sell, downgraded from Hold on 13 Nov 2025. This reflects a cautious stance based on the company’s recent performance and outlook. The market capitalisation grade is rated at 4, indicating a mid-cap status with moderate liquidity and market presence.
Suraj Products’ valuation metrics present a mixed picture. The stock trades at a Price to Book Value of 1.4, which is considered attractive relative to its peers’ historical averages. The company’s Return on Capital Employed (ROCE) is notably high at 25.99%, signalling efficient use of capital. Additionally, the Return on Equity (ROE) stands at 10.7%, which, while moderate, supports the company’s ability to generate shareholder returns.
Debt servicing capacity remains strong, with a low Debt to EBITDA ratio of 0.52 times, indicating manageable leverage and financial stability despite the recent earnings pressure.
Comparative Performance and Shareholding
Suraj Products has underperformed not only the Sensex but also the BSE500 index over multiple time horizons, including the last three years, one year, and three months. This underperformance highlights the stock’s relative weakness within the broader market and its sector.
The majority shareholding is held by promoters, which typically suggests a stable ownership structure. However, the stock’s recent price action and financial results have weighed on investor sentiment.
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Summary of Key Metrics
To summarise, Suraj Products Ltd. is currently trading at Rs.173.05, its lowest level in 52 weeks, reflecting a 62.13% decline over the past year. The company’s recent quarterly results have shown a significant contraction in profitability, with PAT down by over 50% and net sales at their lowest quarterly level. Despite these challenges, the company maintains strong capital efficiency and a conservative debt profile.
The stock’s downgrade to a Sell grade and its position below all major moving averages indicate ongoing pressure on the share price. While the broader market and sector have shown relative resilience, Suraj Products has lagged behind, underscoring the difficulties faced by the company in recent periods.
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