NSEI:SURYAROSNI

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Executive Summary

Surya Roshni Limited manufactures and markets steel pipes and tubes, lighting products, fans, home appliances, and PVC pipes in India.


Snowflake Analysis

Undervalued with proven track record.


Similar Companies

Share Price & News

How has Surya Roshni's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SURYAROSNI's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

8.8%

SURYAROSNI

8.4%

IN Metals and Mining

7.4%

IN Market


1 Year Return

-64.3%

SURYAROSNI

-32.3%

IN Metals and Mining

-17.6%

IN Market

Return vs Industry: SURYAROSNI underperformed the Indian Metals and Mining industry which returned -32.3% over the past year.

Return vs Market: SURYAROSNI underperformed the Indian Market which returned -17.6% over the past year.


Shareholder returns

SURYAROSNIIndustryMarket
7 Day8.8%8.4%7.4%
30 Day5.7%11.2%6.7%
90 Day-34.6%-13.3%-11.1%
1 Year-63.9%-64.3%-29.7%-32.3%-16.0%-17.6%
3 Year-69.4%-70.1%-26.9%-34.4%-5.4%-10.4%
5 Year-13.8%-16.8%10.7%-9.9%19.3%8.0%

Price Volatility Vs. Market

How volatile is Surya Roshni's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Surya Roshni undervalued compared to its fair value and its price relative to the market?

22.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SURYAROSNI (₹87.85) is trading below our estimate of fair value (₹112.8)

Significantly Below Fair Value: SURYAROSNI is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: SURYAROSNI is good value based on its PE Ratio (4.1x) compared to the Metals and Mining industry average (7.6x).

PE vs Market: SURYAROSNI is good value based on its PE Ratio (4.1x) compared to the Indian market (10.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SURYAROSNI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SURYAROSNI is good value based on its PB Ratio (0.4x) compared to the IN Metals and Mining industry average (0.6x).


Next Steps

Future Growth

How is Surya Roshni forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

20.4%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Surya Roshni has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Surya Roshni performed over the past 5 years?

19.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SURYAROSNI has high quality earnings.

Growing Profit Margin: SURYAROSNI's current net profit margins (2%) are higher than last year (2%).


Past Earnings Growth Analysis

Earnings Trend: SURYAROSNI's earnings have grown by 19.5% per year over the past 5 years.

Accelerating Growth: SURYAROSNI's earnings growth over the past year (2.6%) is below its 5-year average (19.5% per year).

Earnings vs Industry: SURYAROSNI earnings growth over the past year (2.6%) exceeded the Metals and Mining industry -6.8%.


Return on Equity

High ROE: SURYAROSNI's Return on Equity (9.9%) is considered low.


Next Steps

Financial Health

How is Surya Roshni's financial position?


Financial Position Analysis

Short Term Liabilities: SURYAROSNI's short term assets (₹18.3B) exceed its short term liabilities (₹13.6B).

Long Term Liabilities: SURYAROSNI's short term assets (₹18.3B) exceed its long term liabilities (₹4.5B).


Debt to Equity History and Analysis

Debt Level: SURYAROSNI's debt to equity ratio (91.2%) is considered high.

Reducing Debt: SURYAROSNI's debt to equity ratio has reduced from 120.9% to 91.2% over the past 5 years.

Debt Coverage: SURYAROSNI's debt is not well covered by operating cash flow (17.8%).

Interest Coverage: SURYAROSNI's interest payments on its debt are not well covered by EBIT (2.6x coverage).


Balance Sheet


Next Steps

Dividend

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

2.28%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SURYAROSNI's dividend (2.28%) is higher than the bottom 25% of dividend payers in the Indian market (0.82%).

High Dividend: SURYAROSNI's dividend (2.28%) is low compared to the top 25% of dividend payers in the Indian market (3.37%).


Stability and Growth of Payments

Stable Dividend: SURYAROSNI's dividend payments have been volatile in the past 10 years.

Growing Dividend: SURYAROSNI's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (9.3%), SURYAROSNI's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.7yrs

Average management tenure


CEO

Raju Bista (33yo)

7.67yrs

Tenure

₹49,860,000

Compensation

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 Sury ...


CEO Compensation Analysis

Compensation vs Market: Raju's total compensation ($USD661.82K) is above average for companies of similar size in the Indian market ($USD50.46K).

Compensation vs Earnings: Raju's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Jai Agarwal
Executive Chairman no data₹61.89m3.24% 155.6m
Raju Bista
MD & Whole Time Director7.67yrs₹49.86mno data
R. Maloo
Executive Director & Group CFO6.5yrs₹8.11mno data
B. Singal
Senior VPno data₹3.88mno data
Kaustubh Karmarkar
Additional Whole Time Director & Director of HR1.83yrs₹13.27mno data
Vinay Surya
Additional Whole-Time Director2.08yrs₹19.52m1.31% 62.7m
Tarun Baldua
Chief Executive Officer of Steel Operationsno data₹10.45mno data
Ramanjit Singh
Chief Executive Officer of Lighting Operations4.83yrs₹12.57mno data
Sushil Singhal
Chief General Manager of Investor Relations1.75yrsno datano data
Rajendra Arya
Senior Vice President of Projects of Steel Divisionno data₹30.00kno data

5.7yrs

Average Tenure

52.5yo

Average Age

Experienced Management: SURYAROSNI's management team is seasoned and experienced (5.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jai Agarwal
Executive Chairman no data₹61.89m3.24% 155.6m
Raju Bista
MD & Whole Time Director7.67yrs₹49.86mno data
Kaustubh Karmarkar
Additional Whole Time Director & Director of HR1.83yrs₹13.27mno data
Vinay Surya
Additional Whole-Time Director2.08yrs₹19.52m1.31% 62.7m
Tara Sankar Bhattacharya
Non-Executive Independent Director9.33yrs₹250.00kno data
Krishan Narula
Non Executive Independent Director20.25yrs₹640.00kno data
Urmil Agarwal
Non-Executive Non-Independent Woman Director3.5yrs₹80.00k0.39% 18.6m
Surendra Khurana
Non-Executive Independent Director6.08yrs₹310.00k0.000090% 4.3k
Ravinder Narang
Non-Executive Independent Director11yrs₹340.00kno data
Sudhanshu Awasthi
Non-Executive Independent Director5.75yrs₹80.00kno data

6.1yrs

Average Tenure

68.5yo

Average Age

Experienced Board: SURYAROSNI's board of directors are considered experienced (6.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Surya Roshni Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Surya Roshni Limited
  • Ticker: SURYAROSNI
  • Exchange: NSEI
  • Founded: 1973
  • Industry: Steel
  • Sector: Materials
  • Market Cap: ₹4.804b
  • Shares outstanding: 54.41m
  • Website: https://www.surya.co.in

Number of Employees


Location

  • Surya Roshni Limited
  • Padma Tower - 1
  • 2nd Floor
  • New Delhi
  • Delhi
  • 110008
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
500336BSE (Mumbai Stock Exchange)YesEquity SharesININRMay 1995
SURYAROSNINSEI (National Stock Exchange of India)YesEquity SharesININRMay 1995

Biography

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; extension board, holder, and immersion heater; irons, torches, and lanterns; 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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/04 13:09
End of Day Share Price2020/06/04 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


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.