Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹1.90, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 24x in the Trade Distributors industry in India. Total loss to shareholders of 93% over the past three years. Announcement • May 25
SRU Steels Limited to Report Q4, 2026 Results on May 30, 2026 SRU Steels Limited announced that they will report Q4, 2026 results at 9:15 AM, Indian Standard Time on May 30, 2026 Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹1.67, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 20x in the Trade Distributors industry in India. Total loss to shareholders of 90% over the past three years. New Risk • Mar 02
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.5% average weekly change). Market cap is less than US$10m (₹163.0m market cap, or US$1.78m). Minor Risk Revenue is less than US$5m (₹435m revenue, or US$4.8m). Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₹2.72, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 21x in the Trade Distributors industry in India. Total loss to shareholders of 73% over the past three years. New Risk • Feb 22
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: ₹436m (US$4.8m) This is considered a minor risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹203.8m market cap, or US$2.24m). Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Revenue is less than US$5m (₹436m revenue, or US$4.8m). Announcement • Feb 10
SRU Steels Limited to Report Q3, 2026 Results on Feb 14, 2026 SRU Steels Limited announced that they will report Q3, 2026 results at 9:15 AM, Indian Standard Time on Feb 14, 2026 Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹4.31, the stock trades at a trailing P/E ratio of 20x. Average trailing P/E is 28x in the Trade Distributors industry in India. Total loss to shareholders of 40% over the past year. New Risk • Dec 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (130% accrual ratio). Shareholders have been substantially diluted in the past year (400% increase in shares outstanding). Market cap is less than US$10m (₹262.5m market cap, or US$2.92m). Minor Risk Share price has been volatile over the past 3 months (7.3% average weekly change). Announcement • Nov 08
SRU Steels Limited to Report Q2, 2026 Results on Nov 13, 2025 SRU Steels Limited announced that they will report Q2, 2026 results on Nov 13, 2025 Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹5.54, the stock trades at a trailing P/E ratio of 24.6x. Average trailing P/E is 33x in the Trade Distributors industry in India. Total loss to shareholders of 16% over the past year. Reported Earnings • Aug 14
First quarter 2026 earnings released: EPS: ₹0.22 (vs ₹0.38 loss in 1Q 2025) First quarter 2026 results: EPS: ₹0.22 (up from ₹0.38 loss in 1Q 2025). Revenue: ₹232.1m (up ₹230.9m from 1Q 2025). Net income: ₹13.5m (up ₹18.1m from 1Q 2025). Profit margin: 5.8% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Announcement • Aug 13
SRU Steels Limited, Annual General Meeting, Sep 25, 2025 SRU Steels Limited, Annual General Meeting, Sep 25, 2025, at 12:00 Indian Standard Time. Announcement • Aug 09
SRU Steels Limited to Report Q1, 2026 Results on Aug 12, 2025 SRU Steels Limited announced that they will report Q1, 2026 results on Aug 12, 2025 Reported Earnings • May 29
Full year 2025 earnings released: ₹0.08 loss per share (vs ₹0.27 profit in FY 2024) Full year 2025 results: ₹0.08 loss per share (down from ₹0.27 profit in FY 2024). Revenue: ₹256.1m (up 45% from FY 2024). Net loss: ₹4.59m (down 242% from profit in FY 2024). Announcement • May 20
SRU Steels Limited to Report Q4, 2025 Results on May 26, 2025 SRU Steels Limited announced that they will report Q4, 2025 results on May 26, 2025 Board Change • Apr 24
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Additional Non Executive Independent Director Kairavi Vadodariya is the most experienced director on the board, commencing their role in 2024. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. New Risk • Mar 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 14% per year over the past 5 years. Shareholders have been substantially diluted in the past year (400% increase in shares outstanding). Market cap is less than US$10m (₹467.5m market cap, or US$5.37m). Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Revenue is less than US$5m (₹98m revenue, or US$1.1m). Reported Earnings • Mar 01
Third quarter 2025 earnings released: ₹0.08 loss per share (vs ₹0.07 profit in 3Q 2024) Third quarter 2025 results: ₹0.08 loss per share (down from ₹0.07 profit in 3Q 2024). Revenue: ₹93.7m (up ₹89.7m from 3Q 2024). Net loss: ₹5.02m (down ₹5.88m from profit in 3Q 2024). Announcement • Feb 07
SRU Steels Limited to Report Q3, 2025 Results on Feb 14, 2025 SRU Steels Limited announced that they will report Q3, 2025 results on Feb 14, 2025 New Risk • Jan 21
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 400% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (400% increase in shares outstanding). Revenue is less than US$1m (₹8.5m revenue, or US$99k). Market cap is less than US$10m (₹510.7m market cap, or US$5.90m). Board Change • Jan 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Chairman of Board Minaxi Pareek is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Dec 18
SRU Steels Limited Announces Board Resignations SRU Steels Limited announced that Mr. Rajeev Mehra and Vishal Mehra have tendered their resignation as a Non Executive Independent Director of the Company with effect from close of business hours on 18th December, 2024. Mr. Rajeev Mehra as expressed his intention to resign as an Non-executive, Independent director of the company y with effect from i.e. 18th December 2024 due to pre occupation with other matters. Mr. Vishal Mehra as expressed his intention to resign as an Non-executive, Independent director of the company with effect from i.e. 18th December 2024 due to pre occupation with other matters. Reported Earnings • Nov 16
Second quarter 2025 earnings released: ₹0.11 loss per share (vs ₹0.05 profit in 2Q 2024) Second quarter 2025 results: ₹0.11 loss per share (down from ₹0.05 profit in 2Q 2024). Net loss: ₹1.31m (down 312% from profit in 2Q 2024). Announcement • Nov 11
SRU Steels Limited to Report Q2, 2025 Results on Nov 14, 2024 SRU Steels Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Announcement • Oct 18
SRU Steels Limited Announces Resignation of Sitaben S Patel as an Non-Executive Independent Director and Reconstitution of Committees SRU Steels Limited announced that Mrs. Sitaben S Patel has tendered her resignation as an Non Executive Independent Director of the Company with effect from close of business hours on 16 October, 2024, due to pre-occupation with other matters. Following the resignation of Mrs. Sitaben S Patel, the composition of the Audit Committee and the Nomination and Remuneration Committee of the Board will be reconstituted effective from 16th October 2024. The Audit Committee will consist of Rajiv Mehra, a Non-Executive - Independent Director, serving as the Chairperson; Minaxi Manoj Pareek, a Non-Executive - Non Independent Director, as a Member; and Vishal Mehra, a Non-Executive - Independent Director, also as a Member. Meanwhile, the Nomination and Remuneration Committee will be chaired by Vishal Mehra, a Non-Executive - Independent Director, with Rajiv Mehra, a Non-Executive - Independent Director, as a Member, and Minaxi Manoj Pareek, a Non-Executive - Non Independent Director, also serving as a Member. Announcement • Oct 17
SRU Steels Limited Announces Resignation of Surendra Deepchand Sharma as Non-Executive Independent Director SRU Steels Limited announced that Mr. Surendra Deepchand Sharma has tendered her resignation as non-executive independent director of the company with effect from close of business hours on 17 October 2024 due to pre-occupation with other matters. Name of the listed entities in which resigning director holds directorship including category of directorship and membership of committee, if any: Shree Uttam Steel And Power Limited – Director; Palak Agency Private Limited Director; Kredence Multi Trading Limited – Director; Blackstone Multi Trading Private Limited- Director. Announcement • Sep 04
SRU Steels Limited, Annual General Meeting, Sep 28, 2024 SRU Steels Limited, Annual General Meeting, Sep 28, 2024, at 12:00 Indian Standard Time. Location: 107/ 22, gali no - 3 east azad nagar, 110051 Delhi Delhi India Reported Earnings • Aug 15
First quarter 2025 earnings released: ₹0.38 loss per share (vs ₹0.06 profit in 1Q 2024) First quarter 2025 results: ₹0.38 loss per share (down from ₹0.06 profit in 1Q 2024). Revenue: ₹1.17m (down 99% from 1Q 2024). Net loss: ₹4.60m (down ₹5.28m from profit in 1Q 2024). Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹8.37, the stock trades at a trailing P/E ratio of 31x. Average trailing P/E is 37x in the Trade Distributors industry in India. Total loss to shareholders of 51% over the past year. Announcement • Aug 07
SRU Steels Limited to Report Q1, 2025 Results on Aug 13, 2024 SRU Steels Limited announced that they will report Q1, 2025 results on Aug 13, 2024 New Risk • Jul 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹148.6m market cap, or US$1.78m). Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Share price has been volatile over the past 3 months (8.3% average weekly change). Profit margins are more than 30% lower than last year (1.8% net profit margin). Revenue is less than US$5m (₹183m revenue, or US$2.2m). Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹11.38, the stock trades at a trailing P/E ratio of 42.2x. Average trailing P/E is 36x in the Trade Distributors industry in India. Total loss to shareholders of 48% over the past year. New Risk • Jun 04
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.8% Last year net profit margin: 4.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹118.2m market cap, or US$1.41m). Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Profit margins are more than 30% lower than last year (1.8% net profit margin). Revenue is less than US$5m (₹183m revenue, or US$2.2m). Announcement • May 22
SRU Steels Limited to Report Q4, 2024 Results on May 29, 2024 SRU Steels Limited announced that they will report Q4, 2024 results on May 29, 2024 Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹10.53, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 32x in the Trade Distributors industry in India. Total loss to shareholders of 2.6% over the past three years. Announcement • Feb 10
SRU Steels Limited Announces Resignation of Shallu Garg as Company Secretary & Compliance Officer SRU Steels Limited announced hat due to some personal reasons Ms. Shallu Garg has tendered her resignation from the post of Company Secretary & Compliance Officer of the Company with effect from the closure of business hours of 10th February, 2024. Reported Earnings • Jan 30
Third quarter 2024 earnings released: EPS: ₹0.07 (vs ₹0.087 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.07 (down from ₹0.087 in 3Q 2023). Revenue: ₹4.00m (down 89% from 3Q 2023). Net income: ₹866.0k (down 17% from 3Q 2023). Profit margin: 22% (up from 2.9% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Jan 20
SRU Steels Limited to Report Q3, 2024 Results on Jan 27, 2024 SRU Steels Limited announced that they will report Q3, 2024 results on Jan 27, 2024 Valuation Update With 7 Day Price Move • Jan 10
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹12.28, the stock trades at a trailing P/E ratio of 20.1x. Average trailing P/E is 34x in the Trade Distributors industry in India. Total returns to shareholders of 14% over the past three years. Board Change • Jan 01
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Non-Executive Independent Director Surendra Sharma is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Oct 26
SRU Steels Limited to Report Q2, 2024 Results on Nov 01, 2023 SRU Steels Limited announced that they will report Q2, 2024 results on Nov 01, 2023 Announcement • Oct 08
SRU Steels Limited Announces Director Resignations SRU Steels Limited announced that Mr. Rajiv Ramchandra Mittal (DIN: 00082115) has tendered his resignation from the position of the independent director and chairmanship of audit committee and membership of nomination and remuneration committee and stakeholder relationship committee of the company due to personal & professional reasons with effect from the close of the business hours of October 07, 2023 and also announced that Mr. Ashok mahawar (DIN: 02600539) also tendered his resignation from the position of the independent director and member of the audit committee, nomination and remuneration committee and stakeholder relationship committee of the company due to professional commitments with effect from the close of the business hours of October 7, 2023. Board Change • Oct 01
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non-Executive Independent Director Sitaben Patel was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Sep 25
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹11.07, the stock trades at a trailing P/E ratio of 18.1x. Average trailing P/E is 24x in the Trade Distributors industry in India. Announcement • Sep 04
SRU Steels Limited, Annual General Meeting, Sep 30, 2023 SRU Steels Limited, Annual General Meeting, Sep 30, 2023, at 15:00 Indian Standard Time. New Risk • Jul 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.7% average weekly change). Market cap is less than US$10m (₹264.8m market cap, or US$3.23m). Minor Risks Paying a dividend despite having no free cash flows. Significant insider selling over the past 3 months (₹4.8m sold). Revenue is less than US$5m (₹243m revenue, or US$3.0m). Reported Earnings • Jul 25
First quarter 2024 earnings released: EPS: ₹0.06 (vs ₹0.027 in 1Q 2023) First quarter 2024 results: EPS: ₹0.06 (up from ₹0.027 in 1Q 2023). Revenue: ₹91.6m (up 490% from 1Q 2023). Net income: ₹681.0k (up 101% from 1Q 2023). Profit margin: 0.7% (down from 2.2% in 1Q 2023). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹21.32, the stock trades at a trailing P/E ratio of 36.6x. Average trailing P/E is 28x in the Trade Distributors industry in India. Announcement • Jun 04
SRU Steels Limited Announces the Resignation of Harshit Ambrish Shah as Independent Director SRU Steels Limited announced the resignation of Mr. Harshit Ambrish Shah as Independent Director with effect from June 3, 2023. Resignation due to personal reasons. Recent Insider Transactions • May 15
MD & Director recently sold ₹774k worth of stock On the 9th of May, Apoorv Agarwal sold around 29k shares on-market at roughly ₹27.08 per share. This transaction amounted to 8.8% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹2.3m. Insiders have been net sellers, collectively disposing of ₹4.8m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • May 08
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹28.25, the stock trades at a trailing P/E ratio of 48.5x. Average trailing P/E is 26x in the Trade Distributors industry in India. Reported Earnings • Apr 30
Full year 2023 earnings released: EPS: ₹0.87 (vs ₹0.29 in FY 2022) Full year 2023 results: EPS: ₹0.87 (up from ₹0.29 in FY 2022). Revenue: ₹167.2m (up 19% from FY 2022). Net income: ₹6.99m (up 204% from FY 2022). Profit margin: 4.2% (up from 1.6% in FY 2022). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹25.00, the stock trades at a trailing P/E ratio of 66.7x. Average trailing P/E is 21x in the Trade Distributors industry in India. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹18.63, the stock trades at a trailing P/E ratio of 49.7x. Average trailing P/E is 22x in the Trade Distributors industry in India. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹17.90, the stock trades at a trailing P/E ratio of 47.7x. Average trailing P/E is 23x in the Trade Distributors industry in India. Board Change • Feb 10
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Ashok Mahawar was the last independent director to join the board, commencing their role in 2009. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 09
Third quarter 2023 earnings released: EPS: ₹0.13 (vs ₹0.014 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.13 (up from ₹0.014 in 3Q 2022). Revenue: ₹35.5m (up 13% from 3Q 2022). Net income: ₹1.04m (up ₹929.0k from 3Q 2022). Profit margin: 2.9% (up from 0.3% in 3Q 2022). The increase in margin was driven by higher revenue. Announcement • Feb 09
SRU Steels Limited Announces the Re-Constitution of Committees of the Board of Directors with Effect from February 7, 2023 SRU Steels Limited announced the re-constitution of committees of the board of directors with effect from February 7, 2023. Audit Committee: Mr. Rajiv Ramchandra Mittal, Independent Director - Chairman; Mr. Ashok Kumar Mahawar, Independent Director - Member; Mr. Anand Kumar Agarwal, Independent Director - Member. Nomination and Remuneration Committee: Mr. Rajiv Ramchandra Mittal, Independent Director - Chairman; Mr. Ashok Kumar Mahawar, Independent Director - Member; Mr. Anand Kumar Agarwal, Independent Director - Member. Stakeholders' Relationship Committee: Mr. Rajiv Ramchandra Mittal, Independent Director - Member; Mr. Ashok Kumar Mahawar, Independent Director - Member; Mr. Anand Kumar Agarwal, Independent Director - Chairman. Announcement • Feb 08
SRU Steels Limited Announces Resignation of Prem Prakash Agarwal as Independent Director and Membership of Audit and Nomination and Remuneration Committee SRU Steels Limited announced that Mr. Prem Prakash Agarwal, has tendered his resignation from the position of the Independent Director and membership of Audit, Stakeholder Relationship and nomination and remuneration committees of the company with effect from the closure of business hours of February 7, 2023. Resignation due to personal & Professional reasons. Announcement • Feb 01
SRU Steels Limited to Report Q3, 2023 Results on Feb 07, 2023 SRU Steels Limited announced that they will report Q3, 2023 results on Feb 07, 2023 
