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Surya Roshni Limited (SURYAROSNI.NS)

IN NSE Basic Materials Steel
Address Padma Tower - 1 110008
New Delhi, IN
CEO Kumar Gaurav Jain
IPO 2002-07-01
ISIN INE335A01020

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Also trades on Bombay Stock Exchange · SURYAROSNI.BO (INR) National Stock Exchange of India · SURYAROSNI.NS (INR)
Description

Established in 1973 and headquartered in New Delhi, India, Surya Roshni Limited is a diversified manufacturer and marketer of industrial and consumer goods. The company primarily operates through two distinct segments: Steel Pipe and Strips, and Lighting and Consumer Durables. The Steel Pipe and Strips division produces Electric Resistance Welded (ERW) steel pipes, which serve a wide array of applications including agriculture, water conveyance, fire suppression systems, irrigation, greenhouse construction, and borewell casing, as well as general construction uses like scaffolding. This segment also manufactures hollow section pipes, spiral welded pipes, and various cold rolled strips and sheets. Within its Lighting and Consumer Durables segment, Surya Roshni offers a comprehensive portfolio of illumination products. This includes a vast selection of LED solutions such as fittings, lamps, downlighters, strips, streetlights, and floodlights, alongside traditional CFL, FTL, and GLS lamps, and portable lighting options like torches and lanterns. The company caters to diverse lighting requirements with products for indoor commercial, industrial, roadway, flood, landscape, and solar applications, complemented by accessories, HID lamps, light sources, and high masts and poles. Furthermore, this segment supplies a full range of fans, including ceiling, table, pedestal, wall-mounted, and both domestic and industrial exhaust models. Its home appliance collection features kitchen essentials like mixer grinders, juicer mixer grinders, hand blenders, induction cooktops, sandwich makers, and brewing equipment. It also provides various comfort solutions such as dry and steam irons, storage, instant, and immersion water heaters, air coolers, oil-filled radiators, ceramic, halogen, and quartz heaters, and heat convectors. The company further supplies CPVC, uPVC plumbing, and Soil, Waste, and Rain (SWR) pipes, complete with their associated fittings, alongside uPVC pressure piping systems. Globally, Surya Roshni Limited extends its market reach by exporting its diverse offerings to approximately 50 countries.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
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Volume Profile
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Liquidity & share structure
Average Volume
1M
Beta
0.54
Float Shares
68.16M
Free Float %
31.3%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+7.16% -3.53% -1.26% +3.96% -12.19% -15.50% -27.32% +20.57% +93.29% +504.16% +7,331.31%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
232.60
DCF (Unlevered) 152.09 -34.6%
DCF (Levered) 269.81 +16.0%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 0% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 0 0
Hold 1 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
6.60
Safe zone
Piotroski F-Score
3 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
A
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Steel: +1.2%
    +2.1% Q1'26: +0.8% (vs Q1'25)
  • EPS growth Steel: +17.4%
    -17.6% Q1'26: -24.5% (vs Q1'25)
  • FCF margin FCF growth · Steel: +44.2%
    +3.3% Q1'26: +8.6% (vs Q1'25)
  • EBIT margin Steel: +5.8%
    +4.7% Q1'26: +5.6% (vs Q1'25)
  • ROIC Steel: +4.3%
    +11.8% Q1'26: +16.1% (vs Q1'25)
  • Share dilution Steel: +0.0%
    +0.1% Q1'26: +0.1% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Steel: 0.57×
    0.22× Q1'26: 0.16× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.59) × ERP
WACC = 98% × Ke + 2% × Kd (34.7%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 153.35 Current price: 266.34
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2014
actual
Mar 2015
actual
Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
1 Rev. Ana.
1 EPS Ana.
Mar 2027
1 Rev. Ana.
1 EPS Ana.
Mar 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
30.05B
est: 32.29B (-6.9%)
28.35B
est: 28.53B (-0.6%)
29.64B
est: 29.92B (-0.9%)
31.45B
est: 36.51B (-13.8%)
48.79B
est: 43.66B (+11.7%)
59.06B
est: 57.64B (+2.5%)
53.80B
est: 58.21B (-7.6%)
55.43B
est: 51.05B (+8.6%)
77.12B
est: 75.30B (+2.4%)
79.75B
est: 82.91B (-3.8%)
78.09B
est: 78.27B (-0.2%)
73.85B
est: 74.00B (-0.2%)
79.25B
79.25B – 79.25B
+7.1% YoY
90.02B
90.02B – 90.02B
+13.6% YoY
100.74B
100.74B – 100.74B
+11.9% YoY
EBITDA
2.29B
est: 2.30B (-0.1%)
2.22B
est: 2.03B (+9.5%)
2.43B
est: 2.13B (+14.4%)
3.14B
est: 772.93M (+306.1%)
3.41B
est: 950.69M (+259.1%)
3.68B
est: 4.10B (-10.1%)
3.53B
est: 4.14B (-14.8%)
3.78B
est: 3.63B (+4.1%)
4.40B
est: 1.55B (+184.0%)
6.13B
est: 5.90B (+3.9%)
5.86B
est: 7.62B (-23.0%)
5.79B
est: 7.20B (-19.6%)
7.71B
7.71B – 7.71B
+7.1% YoY
8.76B
8.76B – 8.76B
+13.6% YoY
9.80B
9.80B – 9.80B
+11.9% YoY
EBIT
1.74B
est: 1.79B (-2.8%)
1.66B
est: 1.58B (+5.1%)
1.82B
est: 1.66B (+10.1%)
2.22B
est: 2.31B (-4.0%)
2.54B
est: 2.25B (+13.1%)
2.80B
est: 3.19B (-12.3%)
2.49B
est: 3.22B (-22.6%)
2.75B
est: 2.83B (-2.7%)
3.31B
est: 3.01B (+10.2%)
4.97B
est: 4.59B (+8.3%)
4.67B
est: 6.43B (-27.4%)
4.56B
est: 6.08B (-24.9%)
6.51B
6.51B – 6.51B
+7.1% YoY
7.39B
7.39B – 7.39B
+13.6% YoY
8.27B
8.27B – 8.27B
+11.9% YoY
Net Income
533.60M
est: 3.13B (-83.0%)
540.87M
est: 1.22B (-55.6%)
672.60M
est: 799.60M (-15.9%)
862.80M
est: 855.26M (+0.9%)
1.08B
est: 843.63M (+28.1%)
1.21B
est: 1.27B (-5.0%)
1.03B
est: 2.22B (-53.8%)
1.58B
est: 1.69B (-6.1%)
2.05B
est: 1.23B (+66.7%)
3.36B
est: 2.95B (+13.6%)
3.29B
est: 7.30B (-54.9%)
3.47B
est: 3.22B (+7.6%)
3.42B
3.42B – 3.42B
+6.1% YoY
4.31B
4.31B – 4.31B
+26.1% YoY
5.03B
5.03B – 5.03B
+16.7% YoY
SGA
2.49B
est: 1.81B (+37.6%)
2.85B
est: 1.60B (+78.3%)
1.35B
est: 1.68B (-19.2%)
1.57B
est: 5.87B (-73.2%)
1.84B
est: 4.20B (-56.1%)
2.57B
est: 3.23B (-20.4%)
2.68B
est: 3.26B (-17.8%)
2.68B
est: 2.86B (-6.2%)
4.55B
est: 7.32B (-37.8%)
4.16B
est: 4.64B (-10.5%)
4.80B
est: 4.38B (+9.6%)
4.36B
est: 4.14B (+5.2%)
4.44B
4.44B – 4.44B
+7.1% YoY
5.04B
5.04B – 5.04B
+13.6% YoY
5.64B
5.64B – 5.64B
+11.9% YoY
EPS
3.05
est: 14.40 (-78.9%)
3.09
est: 5.60 (-44.9%)
3.84
est: 3.68 (+4.5%)
3.97
est: 4.03 (-1.6%)
4.97
est: 4.12 (+20.5%)
5.55
est: 5.84 (-5.0%)
4.72
est: 10.20 (-53.7%)
7.33
est: 7.75 (-5.4%)
9.60
est: 8.25 (+16.4%)
15.67
est: 13.58 (+15.4%)
15.26
est: 33.54 (-54.5%)
15.95
est: 14.80 (+7.8%)
15.70
15.70 – 15.70
+6.1% YoY
19.80
19.80 – 19.80
+26.1% YoY
23.10
23.10 – 23.10
+16.7% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-26 A 4/5 4/5 4/5 5/5 3/5 3/5 3/5
2026-05-25 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-05-22 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-05-21 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-05-20 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-05-19 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-05-18 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-05-15 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-05-14 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-05-13 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-05-12 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-05-11 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-05-08 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-05-07 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-05-06 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-05-05 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-05-04 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-30 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-29 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-28 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-27 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-24 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-23 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-22 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-21 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-20 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-17 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-16 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
1.89B
OE per share TTM
8.70
Owner's Yield
3.74%
Maintenance CapEx ratio
23.62%
Maint CapEx / Avg PPE
13.6%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
1.10M
Shares Outstanding
217.61M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Jai Prakash Agarwal Executive Chairman 189M male
Raju Bista MD & Whole Time Director 108M male
Vinay Kumar Surya MD & Director 101M male
Kaustubh Narsinh Karmarkar Whole time Director 11M male
Puja Surya Whole time Director 11M female
Bharat Bhushan Singal Senior Vice President, Compliance Officer, Company Secretary & Chief Financial Officer male
Vrajender Sen President of Professional Lighting male
Girish O. Sr. Vice President of CL male
Kumar Gaurav Jain Chief Executive Officer of Steel Division male
Sushil Singhal Chief General Manager of Investor Relations male
Vasu Mitra Pandey COO of Lighting & CEO of Lighting male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits