Loading...

Surya Roshni

NSEI:SURYAROSNI
Snowflake Description

Mediocre balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SURYAROSNI
NSEI
₹12B
Market Cap
  1. Home
  2. IN
  3. Materials
Company description

Surya Roshni Limited manufactures and markets steel pipes and tubes, lighting products, fans, home appliances, and PVC pipes in India. The last earnings update was 95 days ago. More info.


Add to Portfolio Compare Print
SURYAROSNI Share Price and Events
7 Day Returns
5.5%
NSEI:SURYAROSNI
-2.7%
IN Metals and Mining
-0.1%
IN Market
1 Year Returns
-36%
NSEI:SURYAROSNI
-25.1%
IN Metals and Mining
-3.7%
IN Market
SURYAROSNI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Surya Roshni (SURYAROSNI) 5.5% -6.5% 16.3% -36% 57.4% 143.7%
IN Metals and Mining -2.7% -10.8% 4.2% -25.1% 55.6% -11%
IN Market -0.1% -5% 5.7% -3.7% 34.5% 38.6%
1 Year Return vs Industry and Market
  • SURYAROSNI underperformed the Metals and Mining industry which returned -25.1% over the past year.
  • SURYAROSNI underperformed the Market in India which returned -3.7% over the past year.
Price Volatility
SURYAROSNI
Industry
5yr Volatility vs Market

SURYAROSNI Value

 Is Surya Roshni undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Surya Roshni to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Surya Roshni.

NSEI:SURYAROSNI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 19.9%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:SURYAROSNI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.035 (1 + (1- 35%) (90.42%))
1.432
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.43
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.432 * 8.6%)
19.86%

Discounted Cash Flow Calculation for NSEI:SURYAROSNI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Surya Roshni is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:SURYAROSNI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 19.86%)
2019 978.44 Est @ 6.62% 816.32
2020 1,045.94 Est @ 6.9% 728.03
2021 1,120.14 Est @ 7.09% 650.49
2022 1,201.13 Est @ 7.23% 581.94
2023 1,289.13 Est @ 7.33% 521.08
2024 1,384.44 Est @ 7.39% 466.88
2025 1,487.45 Est @ 7.44% 418.50
2026 1,598.61 Est @ 7.47% 375.25
2027 1,718.45 Est @ 7.5% 336.54
2028 1,847.55 Est @ 7.51% 301.87
Present value of next 10 years cash flows ₹5,196.90
NSEI:SURYAROSNI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹1,847.55 × (1 + 7.55%) ÷ (19.86% – 7.55%)
₹16,140.34
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹16,140.34 ÷ (1 + 19.86%)10
₹2,637.14
NSEI:SURYAROSNI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹5,196.90 + ₹2,637.14
₹7,834.04
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹7,834.04 / 54.41
₹143.98
NSEI:SURYAROSNI Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹143.98
Current discount Discount to share price of ₹238.55
= -1 x (₹238.55 - ₹143.98) / ₹143.98
-65.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Surya Roshni is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Surya Roshni's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Surya Roshni's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:SURYAROSNI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹20.92
NSEI:SURYAROSNI Share Price ** NSEI (2019-05-20) in INR ₹238.55
India Metals and Mining Industry PE Ratio Median Figure of 140 Publicly-Listed Metals and Mining Companies 9.55x
India Market PE Ratio Median Figure of 2,759 Publicly-Listed Companies 15.1x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Surya Roshni.

NSEI:SURYAROSNI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NSEI:SURYAROSNI Share Price ÷ EPS (both in INR)

= 238.55 ÷ 20.92

11.4x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Surya Roshni is overvalued based on earnings compared to the IN Metals and Mining industry average.
  • Surya Roshni is good value based on earnings compared to the India market.
Price based on expected Growth
Does Surya Roshni's expected growth come at a high price?
Raw Data
NSEI:SURYAROSNI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.4x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
11.2%per year
India Metals and Mining Industry PEG Ratio Median Figure of 23 Publicly-Listed Metals and Mining Companies 0.64x
India Market PEG Ratio Median Figure of 558 Publicly-Listed Companies 1.25x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Surya Roshni, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Surya Roshni's assets?
Raw Data
NSEI:SURYAROSNI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹198.04
NSEI:SURYAROSNI Share Price * NSEI (2019-05-20) in INR ₹238.55
India Metals and Mining Industry PB Ratio Median Figure of 166 Publicly-Listed Metals and Mining Companies 0.96x
India Market PB Ratio Median Figure of 3,638 Publicly-Listed Companies 1.02x
NSEI:SURYAROSNI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NSEI:SURYAROSNI Share Price ÷ Book Value per Share (both in INR)

= 238.55 ÷ 198.04

1.2x

* Primary Listing of Surya Roshni.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Surya Roshni is overvalued based on assets compared to the IN Metals and Mining industry average.
X
Value checks
We assess Surya Roshni's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Surya Roshni has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SURYAROSNI Future Performance

 How is Surya Roshni expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

  • No analysts cover Surya Roshni, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
11.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Surya Roshni expected to grow at an attractive rate?
  • Surya Roshni's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Surya Roshni's earnings growth is positive but not above the India market average.
  • Surya Roshni's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:SURYAROSNI Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:SURYAROSNI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 11.2%
NSEI:SURYAROSNI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 10.6%
India Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 9.4%
India Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 6.2%
India Market Earnings Growth Rate Market Cap Weighted Average 16.9%
India Market Revenue Growth Rate Market Cap Weighted Average 10.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:SURYAROSNI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:SURYAROSNI Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-03-31 64,591 1
2019-03-31 57,668 1
NSEI:SURYAROSNI Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 56,964 1,138
2018-09-30 54,039 1,137
2018-06-30 51,675 1,109
2018-03-31 49,312 1,549 1,080
2017-12-31 43,709 990
2017-09-30 38,565 856
2017-06-30 35,006 787
2017-03-31 31,455 1,809 716
2016-12-31 32,033 640
2016-09-30 31,444 632
2016-06-30 31,011 630
2016-03-31 29,642 2,083 673

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Surya Roshni's earnings are expected to grow by 11.2% yearly, however this is not considered high growth (20% yearly).
  • Surya Roshni's revenue is expected to grow by 10.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:SURYAROSNI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Surya Roshni Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:SURYAROSNI Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-03-31
2019-03-31
NSEI:SURYAROSNI Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 20.92
2018-09-30 20.90
2018-06-30 20.38
2018-03-31 19.86
2017-12-31 19.12
2017-09-30 17.43
2017-06-30 16.94
2017-03-31 16.34
2016-12-31 14.61
2016-09-30 14.42
2016-06-30 14.38
2016-03-31 15.35

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Surya Roshni will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Surya Roshni's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Surya Roshni has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SURYAROSNI Past Performance

  How has Surya Roshni performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Surya Roshni's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Surya Roshni has delivered over 20% year on year earnings growth in the past 5 years.
  • Surya Roshni's 1-year earnings growth is less than its 5-year average (14.9% vs 20.4%)
  • Surya Roshni's earnings growth has not exceeded the IN Metals and Mining industry average in the past year (14.9% vs 37.8%).
Earnings and Revenue History
Surya Roshni's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Surya Roshni Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:SURYAROSNI Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 56,964.00 1,137.90 3,093.50
2018-09-30 54,039.20 1,137.10 3,037.60
2018-06-30 51,675.40 1,108.75 2,993.95
2018-03-31 49,311.60 1,080.40 2,950.30
2017-12-31 43,709.00 990.00 2,686.20
2017-09-30 38,564.80 856.30 2,531.70
2017-06-30 35,005.65 787.30 2,355.95
2017-03-31 31,454.60 716.30 2,199.10
2016-12-31 32,033.26 640.23 2,235.89
2016-09-30 31,444.36 632.13 2,191.49
2016-06-30 31,010.66 630.23 2,149.19
2016-03-31 29,641.60 672.60 2,059.50
2015-12-31 30,088.38 575.77 4,344.09
2015-09-30 29,462.38 551.27 4,264.09
2015-06-30 29,162.18 546.77 4,190.89
2015-03-31 28,570.98 540.87 1,718.34
2014-03-31 30,309.75 533.60 3,796.55
2013-03-31 35,439.01 734.58 3,840.04

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Surya Roshni has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Surya Roshni used its assets less efficiently than the IN Metals and Mining industry average last year based on Return on Assets.
  • Surya Roshni has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Surya Roshni's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Surya Roshni has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SURYAROSNI Health

 How is Surya Roshni's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Surya Roshni's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Surya Roshni is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Surya Roshni's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Surya Roshni's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Surya Roshni Company Filings, last reported 4 months ago.

NSEI:SURYAROSNI Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 10,780.70 10,855.30 226.00
2018-09-30 10,780.70 10,855.30 226.00
2018-06-30 10,473.20 10,973.90 241.20
2018-03-31 10,473.20 10,973.90 241.20
2017-12-31
2017-09-30
2017-06-30 7,672.40 8,861.10 187.90
2017-03-31 7,672.40 8,861.10 187.90
2016-12-31 7,118.50 7,987.90 635.60
2016-09-30 7,118.50 7,987.90 635.60
2016-06-30 8,677.95 8,949.90 272.61
2016-03-31 7,040.20 8,949.90 268.40
2015-12-31 8,355.50 8,129.70 294.60
2015-09-30 8,355.50 8,129.70 294.60
2015-06-30 8,110.17 9,476.40 263.51
2015-03-31 8,110.17 9,476.40 263.51
2014-03-31 7,739.06 10,378.91 246.86
2013-03-31 8,369.62 11,961.48 188.20
  • Surya Roshni's level of debt (100.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (136.4% vs 100.7% today).
  • Debt is not well covered by operating cash flow (14.3%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.6x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Surya Roshni's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Surya Roshni has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SURYAROSNI Dividends

 What is Surya Roshni's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.84%
Current annual income from Surya Roshni dividends.
If you bought ₹2,000 of Surya Roshni shares you are expected to receive ₹17 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Surya Roshni's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.55%).
  • Surya Roshni's dividend is below the markets top 25% of dividend payers in India (2.09%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:SURYAROSNI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
India Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 63 Stocks 4.1%
India Market Average Dividend Yield Market Cap Weighted Average of 1400 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:SURYAROSNI Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2020-03-31
2019-03-31
NSEI:SURYAROSNI Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-08-30 2.000 0.860
2017-05-30 1.500 0.435
2016-09-01 1.000 0.486
2016-05-27 1.000 0.600
2015-08-13 1.000 0.727
2015-06-01 1.000 0.800
2014-05-30 1.000 0.964
2013-08-29 4.000 5.320
2013-05-28 4.000 5.743
2013-02-05 3.000 4.062
2012-08-27 0.000 0.000
2012-05-28 0.000 0.000
2011-05-05 1.500 2.459
2010-05-31 2.000 1.995
2009-06-18 1.200 2.071
2009-06-01 1.200 2.581

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Surya Roshni's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (10.5x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Surya Roshni's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Surya Roshni afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Surya Roshni has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SURYAROSNI Management

 What is the CEO of Surya Roshni's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Raju Bista
COMPENSATION ₹34,800,000
AGE 32
TENURE AS CEO 6.6 years
CEO Bio

Shri Raju Bista has been the Managing Director at Surya Roshni Limited since October 29, 2012. Shri Bista served as a Deputy Managing Director of Surya Roshni Limited until October 29, 2012. He joined Surya Foundation an NGO in furtherance of his deep rooted desire to develop the youth of the country. His management and planning skills are valuable factors in the growth of Surya. He has been a Whole Time Director of Surya Roshni Limited since June 18, 2009. Shri Bista holds the directorship in Surya Global Steel Tubes Limited and Surya Global Infrastructure Limited. He is a Graduate in Arts from Manipur. He has done Executive Masters Programme in Business Administration with specialization in Marketing Management from National Institute of Business Management.

CEO Compensation
  • Raju's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Raju's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Surya Roshni management team in years:

4.6
Average Tenure
51.5
Average Age
  • The tenure for the Surya Roshni management team is about average.
Management Team

Jai Agarwal

TITLE
Executive Chairman
COMPENSATION
₹56M
AGE
67

Raju Bista

TITLE
MD & Whole Time Director
COMPENSATION
₹35M
AGE
32
TENURE
6.6 yrs

R. Maloo

TITLE
Executive Director & Group CFO
COMPENSATION
₹7M
AGE
54
TENURE
5.4 yrs

B. Singal

TITLE
Senior VP
COMPENSATION
₹3M

Tarun Baldua

TITLE
Chief Executive Officer of Steel Operations
COMPENSATION
₹9M
AGE
57

Ramanjit Singh

TITLE
Chief Executive Officer of Lighting Operations
COMPENSATION
₹12M
AGE
57
TENURE
3.8 yrs

Sushil Singhal

TITLE
Chief General Manager of Investor Relations
TENURE
0.7 yrs

Kaustubh Karmarkar

TITLE
Additional Whole Time Director & Director of HR
AGE
39

Rajendra Arya

TITLE
Senior Vice President of Projects of Steel Division
COMPENSATION
₹30K
AGE
49

Vinay Surya

TITLE
Additional Whole-Time Director
AGE
45
Board of Directors Tenure

Average tenure and age of the Surya Roshni board of directors in years:

5
Average Tenure
67.5
Average Age
  • The tenure for the Surya Roshni board of directors is about average.
Board of Directors

Raju Bista

TITLE
MD & Whole Time Director
COMPENSATION
₹35M
AGE
32
TENURE
9.9 yrs

Kaustubh Karmarkar

TITLE
Additional Whole Time Director & Director of HR
AGE
39
TENURE
0.8 yrs

Vinay Surya

TITLE
Additional Whole-Time Director
AGE
45
TENURE
1 yrs

Krishan Narula

TITLE
Non Executive Independent Director
COMPENSATION
₹565K
AGE
79
TENURE
19.2 yrs

Jai Agarwal

TITLE
Executive Chairman
COMPENSATION
₹56M
AGE
67

Urmil Agarwal

TITLE
Non-Executive Non-Independent Woman Director
COMPENSATION
₹90K
AGE
65
TENURE
2.4 yrs

Ravinder Narang

TITLE
Non-Executive Independent Director
COMPENSATION
₹270K
AGE
79
TENURE
9.9 yrs

Tara Sankar Bhattacharya

TITLE
Non-Executive Independent Director
COMPENSATION
₹220K
AGE
70
TENURE
8.3 yrs

Surendra Khurana

TITLE
Non-Executive Independent Director
COMPENSATION
₹220K
AGE
68
TENURE
5 yrs

Sudhanshu Awasthi

TITLE
Non-Executive Independent Director
COMPENSATION
₹200K
AGE
73
TENURE
4.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
03. Jul 18 Buy Sunil Sikka Individual 25. Jun 18 27. Jun 18 1,800 ₹315.05 ₹567,096
X
Management checks
We assess Surya Roshni's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Surya Roshni has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SURYAROSNI News

Simply Wall St News

Evaluating Surya Roshni Limited’s (NSE:SURYAROSNI) Investments In Its Business

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Return On Capital Employed (ROCE): What is it? … Analysts use this formula to calculate return on capital employed:

Simply Wall St -

Introducing Surya Roshni (NSE:SURYAROSNI), The Stock That Zoomed 185% In The Last Five Years

One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … Over half a decade, Surya Roshni managed to grow its earnings per share at 11% a year. … This EPS growth is slower than the share price growth of 23% per year, over the same period.

Simply Wall St -

Is Now The Time To Put Surya Roshni (NSE:SURYAROSNI) On Your Watchlist?

If, on the other hand, you like companies that have revenue, and even earn profits, then you may well be interested in Surya Roshni (NSE:SURYAROSNI). … How Quickly Is Surya Roshni Increasing Earnings Per Share. … Surya Roshni maintained stable EBIT margins over the last year, all while growing revenue 30% to ₹57b.

Simply Wall St -

Do Institutions Own Surya Roshni Limited (NSE:SURYAROSNI) Shares?

A look at the shareholders of Surya Roshni Limited (NSE:SURYAROSNI) can tell us which group is most powerful. … As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.'. … Surya Roshni is a smaller company with a market capitalization of ₹14b, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

Does Surya Roshni Limited's (NSE:SURYAROSNI) CEO Pay Compare Well With Peers?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Raju Bista's Compensation Compare With Similar Sized Companies. … Our data indicates that Surya Roshni Limited is worth ₹14b, and total annual CEO compensation is ₹35m.

Simply Wall St -

What Surya Roshni Limited's (NSE:SURYAROSNI) ROE Can Tell Us

To keep the lesson grounded in practicality, we'll use ROE to better understand Surya Roshni Limited (NSE:SURYAROSNI). … One way to conceptualize this, is that for each ₹1 of shareholders' equity it has, the company made ₹0.11 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Evaluating Surya Roshni Limited’s (NSE:SURYAROSNI) Investments In Its Business

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … What is Return On Capital Employed (ROCE)? … Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)

Simply Wall St -

Does Surya Roshni Limited's (NSE:SURYAROSNI) P/E Ratio Signal A Buying Opportunity?

We'll show how you can use Surya Roshni Limited's (NSE:SURYAROSNI) P/E ratio to inform your assessment of the investment opportunity. … Based on the last twelve months, Surya Roshni's P/E ratio is 11.48. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

What Type Of Shareholder Owns Surya Roshni Limited's (NSE:SURYAROSNI)?

If you want to know who really controls Surya Roshni Limited (NSE:SURYAROSNI), then you'll have to look at the makeup of its share registry. … Surya Roshni is not a large company by global standards. … Check out our latest analysis for Surya Roshni

Simply Wall St -

Should You Take Comfort From Insider Transactions At Surya Roshni Limited (NSE:SURYAROSNI)?

So before you buy or sell Surya Roshni Limited (NSE:SURYAROSNI), you may well want to know whether insiders have been buying or selling. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … Surya Roshni Insider Transactions Over The Last Year

Simply Wall St -

SURYAROSNI Company Info

Description

Surya Roshni Limited manufactures and markets steel pipes and tubes, lighting products, fans, home appliances, and PVC pipes in India. The company operates through Steel Pipe and Strips; and Lighting and Consumer Durables segments. It offers ERW pipes for agriculture industry and construction activities, such as scaffolding and casing in bore wells; hollow section pipes; spiral welded pipes for transportation of oil, gas, and water, as well as structural and industrial applications; and cold rolled strips and sheets. The company also provides various LED lamps, fittings, down lighters, and power drivers/strips; FTL fittings, starters/ballasts, CFLs, FTL and GLS lamps, and extensions cords; indoor commercial, industrial, roadway, flood, landscape, and solar lightening products; and accessories, HID lamps, light sources, and high masts and poles. In addition, it offers celling, table/pedestal/wall, and domestic and industrial exhaust fans; and home appliances, including mixer grinders, juicer mixer grinders, dry and steam irons, induction cooktops, sandwich makers, pop-up toasters, storage and instant water heaters, immersion water heaters, air cooler, oil filled radiators, heat convectors, halogen and quartz heaters, and electric kettles. Further, the company provides CPVC, and uPVC plumbing and SWR pipes, as well as related fittings; and uPVC pressure piping systems. It exports its products to approximately 50 countries worldwide. Surya Roshni Limited was founded in 1973 and is headquartered in New Delhi, India.

Details
Name: Surya Roshni Limited
SURYAROSNI
Exchange: NSEI
Founded: 1973
₹12,005,340,113
54,408,974
Website: http://www.surya.co.in
Address: Surya Roshni Limited
Padma Tower - 1,
2nd Floor,
New Delhi,
Delhi, 110008,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NSEI SURYAROSNI Equity Shares National Stock Exchange of India IN INR 10. May 1995
BSE 500336 Equity Shares Mumbai Stock Exchange IN INR 10. May 1995
Number of employees
Current staff
Staff numbers
3,614
Surya Roshni employees.
Industry
Steel
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 12:49
End of day share price update: 2019/05/20 00:00
Last estimates confirmation: 2019/01/21
Last earnings filing: 2019/02/14
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.