Stock Price Movement and Market Context
On 27 Nov 2025, Suraj Products recorded its lowest price in the last 52 weeks at Rs.257. This level reflects a substantial reduction from its 52-week high of Rs.554, indicating a near 54% contraction in value over the period. Despite the stock outperforming its sector by 1.08% on the day of the new low, it remains below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This positioning suggests a sustained downward trend in the stock’s price trajectory.
In contrast, the broader market has shown resilience. The Sensex opened higher at 85,745.05 points, gaining 135.54 points (0.16%) and trading near its 52-week high of 85,801.70. The index has experienced a 2.91% rise over the past three weeks, supported by mega-cap stocks leading the gains. The Sensex’s 50-day moving average remains above its 200-day moving average, signalling a bullish trend for the market overall.
Financial Performance Over the Past Year
Suraj Products’ financial results over the last year have reflected challenges that coincide with its stock price decline. The company’s net sales for the most recent quarter stood at Rs.58.69 crore, the lowest quarterly figure recorded in recent periods. Operating profit before depreciation, interest, and taxes (PBDIT) also reached a low of Rs.5.85 crore, while profit after tax (PAT) for the quarter was Rs.3.20 crore, showing a contraction of 50.7% compared to previous quarters.
Over the last five years, the company’s net sales have grown at an annual rate of 12.70%, with operating profit increasing at 11.93% annually. However, the recent quarterly results indicate a reversal in this trend, with four consecutive quarters of negative results. This downturn has contributed to a 39.4% reduction in profits over the past year, contrasting with the Sensex’s 6.78% gain during the same period.
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Valuation and Efficiency Metrics
Suraj Products is currently trading at a price to book value of 2.1, which is considered relatively expensive when compared to its peers’ average historical valuations. Despite this, the stock is trading at a discount relative to those peers, reflecting the market’s cautious stance on the company’s prospects.
The company’s return on equity (ROE) stands at 10.7%, while its return on capital employed (ROCE) is notably higher at 25.99%. This indicates a strong efficiency in generating returns from its capital base. Additionally, the company maintains a low debt to EBITDA ratio of 0.52 times, suggesting a robust ability to service its debt obligations.
Shareholding and Sectoral Position
Suraj Products operates within the Iron & Steel Products industry and sector, where it faces competition from various peers. The majority shareholding is held by promoters, which often implies a stable ownership structure. However, the stock’s performance has lagged behind the broader market indices and sectoral benchmarks over the past year.
While the BSE500 index has generated returns of 5.04% in the last year, Suraj Products has recorded a negative return of 47.90%, highlighting its underperformance relative to the wider market.
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Recent Trading Activity and Technical Indicators
Despite the recent new low, Suraj Products’ stock price showed a slight recovery after two consecutive days of decline. However, the stock remains below all major moving averages, which typically serve as resistance levels in technical analysis. This persistent positioning below the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages indicates that the stock has yet to regain upward momentum.
The day’s decline of 3.55% further emphasises the pressure on the stock price, even as the broader market and sector indices have shown relative strength. This divergence suggests that company-specific factors continue to weigh on Suraj Products’ share price.
Summary of Key Financial and Market Data
To summarise, Suraj Products’ stock has reached Rs.257, its lowest level in 52 weeks, reflecting a significant decline from its peak of Rs.554. The company’s financial results over the past year show a contraction in profits and sales, with four quarters of negative results. While the company demonstrates strong capital efficiency and low leverage, its valuation remains relatively high compared to peers, and its stock price has underperformed the broader market indices.
Meanwhile, the Sensex and BSE500 indices have maintained positive returns, underscoring the contrast between Suraj Products’ performance and the overall market environment.
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