Suraj

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.

how big is Suraj?

As of Jun 06, Suraj Ltd has a market capitalization of 711.15 Cr, with recent net sales of 233.74 Cr and a net profit of 13.31 Cr over the latest four quarters. Shareholder's funds are 122.53 Cr, and total assets are 185.62 Cr as of the latest annual period ending Mar'24.

Market Cap: Suraj Ltd has a market capitalization of 711.15 Cr and is classified as a Micro Cap company as of Jun 06.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters, which is consolidated data, amounts to 233.74 Cr. The sum of Net Profit for the same period is 13.31 Cr.<BR><BR>Balance Sheet Snapshot: This is consolidated data for the latest annual period ending Mar'24. Shareholder's Funds are reported at 122.53 Cr, while Total Assets stand at 185.62 Cr.

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.

Who are the peers of the Suraj?

Suraj's peers include APL Apollo Tubes, Welspun Corp, Shyam Metalics, Ratnamani Metals, Jindal Saw, Uni Abex Alloy, Bedmutha Indus, Mahamaya Steel, and Azad India. APL Apollo Tubes shows excellent management and growth, while Suraj has average management and below average growth, with a 1-year return of 53.44%.

Peers: The peers of Suraj are APL Apollo Tubes, Welspun Corp, Shyam Metalics, Ratnamani Metals, Jindal Saw, Uni Abex Alloy, Bedmutha Indus., Mahamaya Steel, and Azad India.<BR><BR>Quality Snapshot: Excellent management risk is observed at APL Apollo Tubes, while Good management risk is found at Welspun Corp, Shyam Metalics, and Ratnamani Metals, and Average management risk is present at Jindal Saw, Suraj, and Uni Abex Alloy. Below Average management risk is noted at Bedmutha Indus. and Mahamaya Steel, while Azad India does not qualify. Excellent growth is seen at APL Apollo Tubes, while Average growth is found at Shyam Metalics and Ratnamani Metals, and Below Average growth is noted at Welspun Corp, Jindal Saw, Suraj, Uni Abex Alloy, Bedmutha Indus., and Mahamaya Steel. Azad India does not qualify for growth. Excellent capital structure is observed at APL Apollo Tubes and Uni Abex Alloy, while Good capital structure is noted at Welspun Corp, and Excellent capital structure is found at Shyam Metalics and Ratnamani Metals. Below Average capital structure is present at Jindal Saw, Suraj, Bedmutha Indus., and Mahamaya Steel, while Azad India does not qualify.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Mahamaya Steel at 201.22%, while the lowest is Jindal Saw at -22.93%. Suraj's own 1-year return is 53.44%, which is significantly higher than Jindal Saw's but lower than Mahamaya Steel's. Additionally, the six-month return is negative for Ratnamani Metals, Jindal Saw, and Bedmutha Indus.

When is the next results date for Suraj?

The next results date for Suraj is 24 July 2025.

The next results date for Suraj is scheduled for 24 July 2025.

Who are in the management team of Suraj?

As of March 2023, the management team of Suraj includes Ashok T Shah (Chairman & CFO), Kunal T Shah (Managing Director), and several other directors, both executive and independent, overseeing the company's operations and compliance.

As of March 2023, 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>The team consists of a mix of executive and independent directors, overseeing various aspects of the company's operations and compliance.

What does Suraj do?

Suraj Ltd is a micro-cap manufacturer of stainless steel welded pipes and tubes, incorporated in 1994 and publicly listed since 1995. As of March 2025, it reported net sales of 588 Cr and a net loss of 59 Cr, with a market cap of INR 676 Cr.

Overview:<BR>Suraj Ltd is a manufacturer of stainless steel welded pipes and tubes, operating in the Iron & Steel Products industry within the micro-cap market segment.<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 following its amalgamation with Suraj Stainless Ltd. The latest quarterly results reported net sales and net profit for March 2025.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: 588 Cr (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: -59 Cr (Quarterly Results - Mar 2025) <BR>Market-cap value: INR 676 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 51.00 <BR>Industry P/E: 34 <BR>Dividend Yield: 0.40% <BR>Debt Equity: 0.48 <BR>Return on Equity: 10.01% <BR>Price to Book: 5.12 <BR><BR>Contact Details:<BR>Address: Suraj House Ashram Road, Opp Usmanpura Garden Ahmedabad Gujarat : 380014 <BR>Phone: 91-079-27540720/27540721 <BR>Email: suraj@surajgroup.com <BR>Website: http://www.surajgroup.com

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.

Are Suraj latest results good or bad?

Suraj's latest results are concerning, with a net profit decline of 87.17% year-on-year and a third consecutive quarter of falling sales, indicating significant operational challenges and a bleak outlook for the company.

Suraj's latest results are quite concerning. In Q2 FY26, the company reported a consolidated net profit of ₹0.83 crore, which represents a staggering decline of 87.17% year-on-year. Additionally, net sales fell by 11.39% to ₹50.19 crore, marking the third consecutive quarter of revenue decline. This trend indicates persistent demand weakness in their core stainless steel pipes and tubes business.<BR><BR>The operating margin has also taken a hit, dropping to 7.33% from 14.71% a year ago, reflecting significant margin compression. The company's profitability metrics are troubling, with a PAT margin of just 1.65%, down from 11.42% in the same quarter last year.<BR><BR>Overall, the financial performance suggests that Suraj is facing serious operational challenges, including pricing pressures and elevated costs, which raise questions about its ability to sustain its business model in the current environment. The results indicate a negative trajectory, and the outlook appears bleak without significant improvements.

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 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.

Should I buy, sell or hold Suraj Ltd?

Why is Suraj Ltd falling/rising?

As of 23-Mar, Suraj Ltd's stock price is declining, currently at 216.00, with a year-to-date drop of -13.43% and a significant -46.55% decrease over the past year. The company has reported negative financial results for four consecutive quarters, leading to waning investor interest and a bearish trend in its stock performance.

As of 23-Mar, Suraj Ltd's stock price is falling, currently at 216.00, reflecting a change of -14.44 or -6.27%. This decline is evident in various performance metrics, including a significant underperformance against the benchmark Sensex, which has seen a decrease of only -3.83% over the past week compared to Suraj Ltd's -9.62%. <BR><BR>The stock has consistently underperformed in both the short and long term, with a year-to-date decline of -13.43% and a staggering -46.55% drop over the past year. Additionally, the company has reported negative results for the last four consecutive quarters, with a notable decrease in profit after tax (PAT) of -83.67% in the latest six months. The operating profit has also seen a drastic annual decline of -50.99% over the last five years.<BR><BR>Investor participation appears to be waning, as evidenced by a 65.11% drop in delivery volume compared to the five-day average. The stock is trading below all key moving averages, indicating a bearish trend. Furthermore, the company's return on capital employed (ROCE) is at a low of 4.5, which, combined with a high enterprise value to capital employed ratio of 2.4, suggests an expensive valuation relative to its earnings.<BR><BR>Overall, the combination of poor financial performance, declining investor interest, and underwhelming returns compared to market benchmarks contributes to the ongoing decline in Suraj Ltd's stock price.

Why is Suraj Ltd falling/rising?

As of 24-Mar, Suraj Ltd's stock price is rising by 2.24% despite a recent downward trend and significant long-term growth issues, including a -50.99% decline in operating profit over five years. The stock's erratic trading patterns and decreased investor participation further contribute to a concerning overall outlook.

As of 24-Mar, Suraj Ltd's stock price is currently rising, with a change of 4.84, or 2.24%. This increase comes despite the stock's recent poor performance, as it has fallen by 3.09% over the past week and 3.55% over the past month. The stock has been experiencing a downward trend, trading below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages.<BR><BR>Today's performance is described as inline with the sector, and the stock reached an intraday high of Rs 231.7, reflecting a 7.27% increase at that point. However, it is important to note that the stock has not traded on one day out of the last 20 days, indicating erratic trading patterns. Furthermore, there has been a significant decline in investor participation, with delivery volume dropping by 63.06% compared to the 5-day average.<BR><BR>Despite the current rise in price, the overall outlook for Suraj Ltd remains concerning due to its long-term growth issues, as evidenced by a -50.99% annual decline in operating profit over the last five years and negative results for the last four consecutive quarters. The stock has generated a return of -45.47% over the past year, while its profits have decreased by -102%. This combination of factors suggests that while there may be short-term fluctuations in price, the long-term performance indicators are significantly negative.

Why is Suraj Ltd falling/rising?

As of 25-Mar, Suraj Ltd's stock price is at 220.00, down -4.33%. The stock has significantly underperformed over various time frames, with a year-to-date decline of -12.00% and a one-year drop of -45.00%, indicating a bearish trend and declining investor participation.

As of 25-Mar, Suraj Ltd's stock price is falling, currently at 220.00, reflecting a change of -9.95, or -4.33%. This decline is evident in various performance metrics. Over the past week, the stock has underperformed with a decrease of -1.79%, while the benchmark Sensex fell by -1.87%. In the past month, Suraj Ltd's stock has dropped by -3.51%, compared to a more significant decline of -8.51% in the Sensex.<BR><BR>Year-to-date, the stock is down -12.00%, which is slightly worse than the Sensex's decline of -11.67%. The most alarming statistic is the one-year performance, where Suraj Ltd has plummeted by -45.00%, contrasting sharply with the Sensex's minor drop of -3.52%. Despite a strong performance over the last three years (+212.10%) and five years (+633.33%), the recent trends indicate a significant downturn.<BR><BR>Today's trading performance also highlights issues, as the stock has underperformed its sector by -102.57%. There has been erratic trading, with the stock not trading on 2 out of the last 20 days. Additionally, Suraj Ltd is trading below its moving averages across all time frames (5-day, 20-day, 50-day, 100-day, and 200-day), indicating a bearish trend. Investor participation has also declined, with a delivery volume of 380 on 24 March, which is down -53.61% compared to the 5-day average. This lack of liquidity further contributes to the stock's falling price.

Which are the latest news on Suraj?