Overview

Detailed Summary

Suraj Limited is a leading manufacturer of stainless steel welded and seamless pipes and tubes, having transitioned from finance and leasing after its amalgamation with Suraj Stainless Ltd.
The company was originally established as Suraj Finsec Limited and has undergone several transformations, including a name change post-amalgamation in 2009.
In 2007, Suraj Limited expanded its manufacturing capabilities by establishing separate units for welded and seamless pipes, with operations beginning in 2008.
A significant expansion occurred in 2018 when Suraj Limited set up an Electro Polishing Plant dedicated to stainless steel seamless tubes, indicating its focus on advanced production technologies.

Sector: Industrial Products
Industry: Iron & Steel Products
Market Cap: 422 Cr
Volatility: Low Risk
P/E Ratio: 56.5
Industry P/E: 35.9
PEG Ratio: 1.0
P/B Ratio: 3.1
52W High: 422.50
52W Low: 202.00

Sales CAGR

1Y: -29.31%
3Y: -12.06%
5Y: 5.88%
10Y: 4.37%

Profit CAGR

1Y: -38.20%
3Y: 57.39%
5Y: 64.49%
10Y: 45.88%

ROE

TTM: 5.42%
3Y: 14.75%
5Y: 10.58%
10Y: 6.24%

ROCE

TTM: 7.63%
3Y: 24.40%
5Y: 20.06%
10Y: 16.51%

Technicals

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Forecasts

Peers

Industrials Capital Goods Industrial Products Iron & Steel Products

Symbol	Watchlist	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
SHAH		5.30	523 Cr	42.98	1.47	0.00	3.99	3.23	2.13
SURAJLTD		230.00	422 Cr	56.54	3.07	0.00	5.42	7.63	3.31
MANAKSIA		59.50	390 Cr	7.45	0.54	0.00	7.24	9.87	6.14
BEDMUTHA		114.00	369 Cr	56.83	2.43	0.00	4.28	10.06	0.97
AERPACE		22.41	341 Cr	-22.50	9.08	0.00	-40.36	-20.22	-19.69
RSTL		265.00	330 Cr	28.78	4.48	0.00	15.57	14.09	5.28
PSRAJ		393.00	296 Cr	34.53	4.03	0.00	11.68	15.58	10.35
Median: 7 Co.	—	114.00	369 Cr	34.53	3.07	0.00	5.42	9.87	3.31

Financial Statements

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Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	93	76	55	57	64	59	50	50	62	43
Expenses	82	65	46	48	51	61	46	47	57	41
Operating Profit	11	11	9.01	8.33	13	-2.16	4.84	3.68	5.18	2.41
OPM %	12.34	14.77	16.46	14.71	20.59	-3.68	9.61	7.33	8.37	5.55
Other Income	1.07	1.45	1.98	3.49	0.74	-0.38	2.57	1.51	0.65	1.55
Interest	0.78	1.38	0.73	0.80	1.18	2.02	1.21	0.83	1.13	1.20
Depreciation	2.40	2.58	2.70	2.55	2.77	2.88	2.83	2.88	2.74	-1.16
Profit Before Tax	9.39	8.74	7.57	8.48	9.88	-7.44	3.37	1.47	1.97	3.93
Tax %	28.22	30.55	24.70	23.70	28.64	20.43	18.69	43.54	29.95	35.88
Net Profit	6.74	6.07	5.70	6.47	7.06	-5.92	2.74	0.83	1.38	2.52
EPS in Rs	3.67	3.31	3.10	3.52	3.84	-3.22	1.49	0.45	0.75	1.37

Consolidated Profit Loss (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2018	Mar 2019	Mar 2024	Mar 2025	TTM
Sales	207	182	331	234	229
Expenses	191	164	291	205	205
Operating Profit	17	18	39	28	24
OPM %	8.00	9.65	11.94	12.10	10.51
Other Income	0.26	0.44	4.31	5.82	6.42
Interest	9.50	10	3.67	4.72	5.21
Depreciation	6.39	6.59	9.38	11	11
Profit Before Tax	0.94	0.96	31	18	14
Tax %	62.91	-48.14	29.96	28.03	27.57
Net Profit	0.35	1.42	22	13	10
EPS in Rs	—	0.77	11.90	7.24	4.06
Dividend Payout %	0.00	0.00	12.80	20.72	—

Consolidated Balance Sheet (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2018	Mar 2019	Mar 2024	Mar 2025
Equity Capital	19	19	18	18
Reserves	66	68	104	115
Borrowings	112	99	34	64
Other Liabilities	16	12	29	25
Total Liabilities	213	198	186	222
Fixed Assets	61	57	85	89
CWIP	0.00	0.00	0.00	0.00
Investments	0.00	0.00	14	15
Other Assets	153	141	87	118
Total Assets	213	198	186	222

Consolidated Cash Flows (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2018	Mar 2019	Mar 2024	Mar 2025
Cash from Operating Activity	14	27	41	-9.01
Cash from Investing Activity	-1.43	-2.08	-47	-14
Cash from Financing Activity	-14	-24	5.82	23
Net Cash Flow	-1.24	0.72	-0.36	-0.15

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Aug 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Promoters	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.00%	0.00%
DIIs	0.38%	0.38%	0.38%	0.38%	0.38%	0.38%	0.38%	0.38%	-0.00%	0.00%	0.00%	0.00%
Public	24.62%	24.62%	24.62%	24.62%	24.62%	24.62%	24.62%	24.62%	25.00%	24.99%	25.00%	25.00%
Total Shareholders	2,494	2,733	3,278	3,141	3,105	3,192	2,991	2,880	2,838	2,795	2,812	2,783

Market Transactions

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Projection

Documents

Presentations

Concalls

Reports

Presentations

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Actions

Action Type

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Announcements

Last 7 days

Newest

Sentiment

New Business Launch

6 days ago

Suraj Limited launches copper/aluminium recycling business

Suraj Limited notified stock exchanges under Regulation 30 (SEBI LODR) that it is launching a new copper and aluminium recycling business as a capacity expansion.

New Business Launch

6 days ago

Suraj Limited launches copper/aluminium recycling business

On 29-May-2026 Suraj Limited notified stock exchanges under Regulation 30 that it is launching a new copper and aluminium recycling business as a capacity expansion.

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Frequently Asked Questions about Suraj Ltd

Suraj Ltd (SURAJLTD) is currently trading at 229.70 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.

Suraj Limited is a leading manufacturer of stainless steel welded and seamless pipes and tubes, having transitioned from finance and leasing after its amalgamation with Suraj Stainless Ltd. The company was originally established as Suraj Finsec Limited and has undergone several transformations, including a name change post-amalgamation in 2009. In 2007, Suraj Limited expanded its manufacturing capabilities by establishing separate units for welded and seamless pipes, with operations beginning in 2008. A significant expansion occurred in 2018 when Suraj Limited set up an Electro Polishing Plant dedicated to stainless steel seamless tubes, indicating its focus on advanced production technologies.

Over the past 52 weeks, Suraj Ltd has traded between a low of ₹202.00 and a high of ₹422.50. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.

Suraj Ltd has a market capitalization of approximately 422.37. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.

Suraj Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 56.54 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.

Based on its market capitalization of 422.37 Cr, Suraj Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.

Suraj Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.

The Price-to-Earnings (PE) ratio of Suraj Ltd is 56.54. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.

Suraj Ltd

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