Surya Roshni Experiences Valuation Grade Change Amid Competitive Steel Industry Landscape

Surya Roshni, a midcap player in the Steel/Sponge Iron/Pig Iron industry, has recently undergone a valuation adjustment. The company currently reports a price-to-earnings (PE) ratio of 17.58 and a price-to-book value of 2.48. Its enterprise value to EBITDA stands at 10.15, while the EV to EBIT is recorded at 13.07. Surya Roshni also showcases a return on capital employed (ROCE) of 19.90% and a return on equity (ROE) of 14.13%, indicating a solid performance in terms of profitability.
In comparison to its peers, Surya Roshni's valuation metrics reflect a competitive landscape. For instance, Ratnamani Metals and Sarda Energy exhibit higher PE ratios, while Jindal Saw and Jai Balaji Industries present more attractive valuations based on their respective metrics. The company's dividend yield is noted at 0.97%, contributing to its overall financial profile.

Despite a recent decline in stock performance, with a year-to-date return of -12.85% compared to a 3.40% gain in the Sensex, Surya Roshni has shown remarkable growth over longer periods, particularly a 1,151.24% return over the past five years. This context highlights the dynamic nature of the steel industry and the varying performance of its constituents.