Earnings Call/Transcript
Surya Roshni Earnings Call Audio Available
Surya Roshni Ltd has provided the audio recording of its earnings call for the quarter ended September 30, 2026.
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Industrial Products
Iron & Steel Products
4,717 Cr
Moderate Risk
15.1
30.9
0.5
1.8
314.50
187.00
Sales CAGR
Profit CAGR
ROE
ROCE

Earnings Call/Transcript
Surya Roshni Ltd has provided the audio recording of its earnings call for the quarter ended September 30, 2026.
Investor Presentation
Surya Roshni released its November 2026 investor presentation, highlighting Q2 and H1 FY27 performance, including consolidated revenue growth of 33% and 30% year-on-year, respectively.
Financial Results
Surya Roshni reported Q2FY27 consolidated revenue of ₹2,448 crore, up 33% YoY, and H1FY27 PAT of ₹136 crore, up 26% YoY.
Financial Results
Surya Roshni approved unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026.
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Surya Roshni Ltd (SURYAROSNI) is currently trading at 217.95 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.
Surya Roshni Limited manufactures steel pipes and strips, lighting products, consumer durables, wires and cables, and PVC pipes. Its two principal businesses are Steel Pipes and Strips and Lighting and Consumer Durables, supported by multiple Indian manufacturing locations, a nationwide distribution network, and the established Surya and Prakash Surya brands. Consolidated H1FY27 revenue increased 30% year on year to ₹4,495 crore, while EBITDA rose 18% and PAT increased 26%. The strongest contributor was Steel Pipes and Strips, where volume grew 22% and PBT rose 40%, demonstrating operating leverage despite lower quarterly EBITDA per tonne and a difficult prior-year comparison. Steel Pipes and Strips achieved record quarterly volume of 2.67 lakh tonnes, with exports rising 64% year on year and value-added products representing approximately 48% of segment volume. The export order book includes nearly one lakh tonnes, creating strong H2FY27 execution visibility, particularly in API and coated-pipe categories. Lighting and Consumer Durables delivered record Q2 revenue of ₹507 crore despite Diwali shifting into the following quarter. Ceiling fans, water heaters, mixer grinders, TPW fans and LED bulbs all recorded double-digit volume growth, while the company continues expanding into wires, cables, fans, appliances and professional lighting. The balance sheet remains relatively conservative, with consolidated net worth of ₹2,716 crore and no term borrowings as of September 2026. However, working-capital investment materially weakened operating cash flow in H1FY27, as inventories and receivables increased, making cash conversion an important monitoring area despite reported net cash surplus.
Over the past 52 weeks, Surya Roshni Ltd has traded between a low of ₹187.00 and a high of ₹314.50. 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.
Surya Roshni Ltd has a market capitalization of approximately 4,717.26. 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.
Surya Roshni Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 15.13 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 4,717.26 Cr, Surya Roshni 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.
Surya Roshni 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 Surya Roshni Ltd is 15.13. 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.
Surya Roshni lists spiral-pipe capacity of 2.60 lakh metric tonnes per annum within its steel pipes and strips business. The company also lists 27.50 lakh square metres of external 3LPE coating capacity.
SURYA sold 2.67 lakh tonnes in Q2FY27, its highest-ever quarterly volume in the presentation. The result was 23% above Q2FY26 and 17% above Q1FY27, exceeding management’s 2.60 lakh-tonne guidance.
Surya Roshni attributed the decline to higher input costs, EPR payments and planned brand investment. EBITDA margin was 5.8% in Q2FY27, compared with 7.6% in Q2FY26 and 5.8% in Q1FY27. The prior-year comparison also benefited from one-time customer pre-buying in Steel Pipes & Strips.
Surya reported Rs 507 crore of Lighting & Consumer Durables revenue in Q2FY27. It was the segment's highest-ever Q2 revenue, up 17% from Rs 434 crore in Q2FY26 and 11% from Rs 456 crore in Q1FY27.