S

Surya Roshni Limited

SURYAROSNINSE
Market snapshot · 2026-08-11 14:59 UTC

235.83

₹-11.89 (-4.80%)

MARKET CAP

₹5.13K Cr

STOCK P/E

18.0x

52W HIGH

₹326.00

52W LOW

₹187.35

BOOK VALUE

₹120.83

EPS

₹13.13

ROE

11.21%

SECTOR

Materials

DEBT/EQUITY

3.03

VOLUME

52.43L

P/B RATIO

1.95x

PEG RATIO

-0.73

Sector

Materials

Themes

Iron & SteelMukul Agrawal Portfolio
D
Dividend
E
Earnings
₹298.31₹272.93₹247.55₹222.16₹196.78VolumeEDEDEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for SURYAROSNI.

1.00 analysts

Price Forecast

Current
₹235.83
High Target
₹221.00
▼ -6.3%
Median Target
₹221.00
▼ -6.3%
Low Target
₹221.00
▼ -6.3%
Now₹235.83High ₹221.00Median ₹221.00Low ₹221.00Aug '25Now12M Target
Price history (1Y)
Analyst target range
1 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹170.70 - ₹289.4880%
6M₹144.23 - ₹304.4080%
12M₹109.78 - ₹315.7080%
Realized vol: +41.2% · Drift: -15.2%

Revenue Forecast

₹ Cr
Dec '25Current₹1,927.0
Sep 2026 ETrend estimate range
High₹2,049.4Base₹1,897.6Low₹1,745.8
Mar '25: ₹2,146.0 · Jun '25: ₹1,604.0 · Sep '25: ₹1,845.0 · Dec '25: ₹1,927.0 · Sep '26: ₹1,897.6 · Dec '26: ₹1,982.0
Mar '25Jun '25Sep '25Dec '25Sep '26 EDec '26 E2,146.01,604.01,845.01,927.01,897.61,982.0
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Dec '25Current₹3.66
Sep 2026 ETrend estimate range
High₹2.67Base₹2.39Low₹2.10
Mar '25: ₹5.98 · Jun '25: ₹1.54 · Sep '25: ₹3.41 · Dec '25: ₹3.66 · Sep '26: ₹2.39 · Dec '26: ₹2.56
Mar '25Jun '25Sep '25Dec '25Sep '26 EDec '26 E5.981.543.413.662.392.56
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Mixed
51%
Analyst Consensus
Unavailable

From 1 analysts

Mean upside-6.3%

Fundamentals

Weakening

Fundamentals institutional score is 43 using EVA spread proxy -0.8%; growth durability 40.2.

Valuation

Attractive relative to peers

Valuation institutional score is 80 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Weakening

Analyst View institutional score is 36 using mean target upside -6.3%; dispersion penalty 0; recommendation breadth from available consensus.

Technical Structure

Weak Structure

Technicals institutional score is 34 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Neutral backdrop

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 5 recent ticker-linked news items.

Signal Summary

Market intelligence remains Mixed. valuation and market sentiment provide support, while fundamentals and analyst consensus remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals WeakeningValuation Attractive relative to peersAnalyst Consensus WeakeningTechnical Structure Weak StructureMarket Sentiment Neutral backdrop

Key Data Points

Mean Target Price221 target
Mean Upside-6.3%
Technical Score34%
Fundamental Score43%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 13.1% below historical median. Valuation is stable — currently in the strongly undervalued zone (z-score: -0.99). Confidence: 85%.

Live forward EPS implies next-12-month EPS of ₹21.80. Applying the stock's normalized valuation corridor produces a fair range of ₹409.19 to ₹500.53, with base value near ₹450.39 (+91.0% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Below normalized range

Forward EPS

₹21.80

Forward P/E

10.8x

Base Fair Value

₹450.39

Fair Range

₹409.19 - ₹500.53

Upside To Base

+91.0%

Estimate Source

Live forward EPS

Growth Estimate

-24.6%

P/E
Strongly Undervalued

5Y Average

17.00

Current

17.96

Overvalued

22.96

Undervalued

18.77

EV/EBITDA
Fair

5Y Average

9.76

Current

10.31

Overvalued

12.38

Undervalued

6.69

P/B
Strongly Undervalued

5Y Average

2.29

Current

1.95

Overvalued

2.63

Undervalued

1.95

Peers & Comparison

Sector: Materials · Theme: Iron & Steel

Iron & Steel Peers8 peers
Avg P/E: 201x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
JAYASWAL NECO INDUSTR LTD
JAYNECOINDIron & Steel
+27.7%7.4%
16.0x
Undervalued
-92% vs avg
+52.5%
NAVA LIMITED
NAVAIron & Steel
+12.2%18.3%
20.4x
Undervalued
-90% vs avg
-7.2%
GODAWARI POW & ISP LTD
GPILIron & Steel
+34.8%13.9%
18.7x
Undervalued
-91% vs avg
+19.6%
BANSAL WIRE INDUSTRIES L
BANSALWIREIron & Steel
+24.4%3.2%
35.2x
Undervalued
-82% vs avg
-12.1%
JAI BALAJI INDUSTRIES LTD
JAIBALAJIIron & Steel
+9.8%2.2%
47.1x
Undervalued
-77% vs avg
-34.2%
GALLANTT ISPAT LIMITED
GALLANTTIron & Steel
11.1%
29.6x
Undervalued
-85% vs avg
-16.7%
KIOCL LIMITED
KIOCLIron & Steel
-10.6%2.7%
1396.1x
Premium
+595% vs avg
+16.8%
LLOYDS ENTERPRISES LTD
LLOYDSENTIron & Steel
+47.1%16.1%
45.2x
Undervalued
-78% vs avg
+18.9%
WHY THESE PEERS

SURYA ROSHNI LTD trades at a discount (18.0x vs peer avg 201.0x), suggesting potential undervaluation relative to the Iron & Steel cohort. Peers include JAYASWAL NECO INDUSTR LTD, NAVA LIMITED, GODAWARI POW & ISP LTD — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹1.93K CrDec 2025

Latest net profit

₹80 CrDec 2025

Latest EPS

₹3.66Dec 2025

Net margin

5.8%Dec 2025

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q3 '25Q4 '25Q1 '26Q2 '26Q3 '260.0%2.0%4.0%6.0%8.0%0.00 Cr550 Cr1.10K Cr1.65K Cr2.20K Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q3 '25Q4 '25Q1 '26Q2 '26Q3 '260.00 Cr550 Cr1.10K Cr1.65K Cr2.20K Cr₹0₹2₹4₹6₹8
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOperatingprofitOther incomeInterestProfitbefore taxTax & otherNet Profit0.00 Cr500 Cr1.00K Cr1.50K Cr2.00K Cr

Latest reported period: Dec 2025

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
202120222023202420250.00 Cr200 Cr400 Cr600 Cr800 Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales2,1511,8751,9161,9382,0801,8931,5291,8682,1461,6041,8451,927
Expenses1,8991,7611,7781,7831,9151,7421,4521,7181,9431,5351,7271,782
Operating Profit22485.6710812413612045.3411917137.9986.12112
OPM %10.39%4.57%5.65%6.43%6.56%6.36%2.97%6.39%7.98%2.37%4.67%5.8%
Other Income1.51.71.483.736.877.68.965.99.0212.7622.512.73
Interest9.886.366.417.2844.896.444.574.835.129.097.1
Depreciation28.8328.7828.9930.0829.4230.3830.930.3231.1431.7832.0833.21
Profit before tax21581.0110312113912347.8612117545.6399.54107
Tax %27.73%27.08%26.57%25.56%25.43%24.99%24.66%25.52%25.87%26.36%25.53%25.81%
Net Profit15659.0775.8890.0310492.4136.0689.8713033.674.1379.64
EPS in Rs14.5110.987.058.334.808.523.324.135.981.543.413.66

All values in Rs. Crore unless otherwise stated. Source: CMIE Prowess, Quarterly Interim Standalone.

Shareholding Pattern

HolderMar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters62.47%62.47%62.47%62.89%63.00%
FII4.12%4.67%4.94%4.75%4.68%
DII1.59%1.71%1.69%2.06%2.11%
Public21.72%21.69%21.63%21.28%21.01%
Others10.10%9.46%9.27%9.02%9.20%
Mar 2026
Promoters
FII
DII
Public
Others