Price Movement and Market Context
On 29 Dec 2025, Suraj Products Ltd. recorded an intraday low of Rs.215, down 4.42% from its previous close, while also reaching an intraday high of Rs.236.15, representing a 4.98% gain during the session. Despite this intraday volatility, the closing price established a new 52-week low. The stock outperformed its sector by 1.88% on the day and showed signs of a short-term rebound after five consecutive days of decline.
However, the stock remains below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating sustained downward momentum. This contrasts with the broader market, where the Sensex opened flat but traded slightly negative at 84,835.61 points, down 0.24%. The Sensex is currently trading near its 52-week high of 86,159.02, just 1.56% away, and remains above its 50-day and 200-day moving averages, signalling a generally bullish market environment.
Long-Term Performance and Valuation
Over the last twelve months, Suraj Products Ltd. has underperformed significantly, delivering a negative return of -54.42%, while the Sensex gained 7.79% and the BSE500 index rose 5.44%. The stock’s 52-week high was Rs.513.90, underscoring the steep decline it has experienced.
Financially, the company’s growth has been modest. Net sales have increased at an annualised rate of 12.70% over the past five years, with operating profit growth slightly lower at 11.93%. Despite these growth rates, the company has reported negative results for the last four consecutive quarters. The latest quarterly figures reveal a Profit Before Tax (PBT) excluding other income of Rs.3.82 crore, down 51.65%, and a Profit After Tax (PAT) of Rs.3.20 crore, down 50.7%. Quarterly net sales have also declined to Rs.58.69 crore, the lowest in recent periods.
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Financial Strength and Efficiency Metrics
Despite the recent financial setbacks, Suraj Products Ltd. demonstrates strong management efficiency. The company’s Return on Capital Employed (ROCE) stands at an impressive 25.99%, indicating effective utilisation of capital resources. Additionally, the firm maintains a low Debt to EBITDA ratio of 0.52 times, reflecting a strong capacity to service its debt obligations.
The Return on Equity (ROE) is recorded at 10.7%, and the stock trades at a Price to Book Value of 1.7, suggesting a fair valuation relative to its book value. Compared to its peers, Suraj Products Ltd. is trading at a discount to average historical valuations, which may reflect market caution given its recent performance.
Shareholding and Market Sentiment
The majority shareholding remains with the promoters, indicating a stable ownership structure. However, the stock’s Mojo Score has deteriorated to 33.0, with a Mojo Grade downgraded from Hold to Sell as of 13 Nov 2025. This downgrade reflects the company’s recent financial results and subdued growth outlook.
While the stock has shown a minor recovery today after a prolonged decline, the overall trend remains negative, with a year-to-date return of -54.42% and a profit decline of 39.4% over the past year.
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Summary of Key Metrics
To summarise, Suraj Products Ltd. is currently trading at Rs.215, its lowest level in 52 weeks, down from a high of Rs.513.90. The stock’s performance over the past year has been significantly weaker than the broader market indices, with a return of -54.42% compared to the Sensex’s 7.79% gain. The company’s recent quarterly results have shown declines in profitability and sales, contributing to the negative sentiment.
Nevertheless, the company maintains strong capital efficiency and a conservative debt profile, with a ROCE of 25.99% and a Debt to EBITDA ratio of 0.52. The stock’s valuation metrics suggest it is trading at a discount relative to peers, with a Price to Book Value of 1.7 and an ROE of 10.7%.
Market participants will note the downgrade in the Mojo Grade to Sell, reflecting the company’s recent financial trajectory and subdued growth prospects. The stock’s position below all major moving averages further underscores the prevailing bearish trend.
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