NSE: SURYAROSNI · BSE: 500336 · ISIN INE335A01020
Surya Roshni Limited stock analysis
Surya Roshni Limited ranks #1820 in the TickerSutra evidence-ranked universe with a score of 50/100 and 95% data confidence. The latest captured fundamentals show ROCE of 15.6%, quarterly sales growth of 27.5% and quarterly profit growth of 77.2%.Monitor only
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Low debt/equity of 0.03×
- Strong CFO/EBITDA of 0.82×
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- No calculated threshold risk in the current snapshot.
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹7,731cr | ₹443cr | ₹205cr | 6.0% |
| 2023 | ₹7,997cr | ₹614cr | ₹336cr | 8.0% |
| 2024 | ₹7,809cr | ₹572cr | ₹329cr | 7.0% |
| 2025 | ₹7,436cr | ₹579cr | ₹347cr | 8.0% |
| 2026 | ₹7,540cr | ₹487cr | ₹286cr | 6.0% |
| TTM | ₹7,982cr | ₹530cr | ₹312cr | 7.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
MANAGEMENT COMMENTARY
Signals from filed documents
And we are fully committed that full year of FY27 guidance of INR4,600 to INR4,700 per ton EBITDA will be achieved. We remain confident that our current global supply chain present structural long -term opportunity for efficient Indian manufacturers with integrated capabilities, and Surya is exceptionally doing well-positioned to capture that upside across both our businesses. Singal: Thank you, MD sir, and a very go
So, you are focusing a bit more on export and trying to capture market. So , I wanted to know your view, that domestically, with the margin pressure that you are facing, along with Surya Roshni Limited August 11, 2026 Page 12 of 15 competition, you are also not getting volume, so you also had to squeeze margin and sell goods, how is the situation on ground? Raju Bista: Slightly, every company has its own strength and
So, despite that, this is our highest ever Q1 sales volume in number one. Number two, capacity expansion work has already been happening quite a bit in the last 1.5 years, and by the end of this year, more additional volume is coming. And because of all these reasons, in the coming time, you will see that growth in volume, and there will be no disappointment.
And in FY28, how do you see the growth, especially in the API business because EBITDA per ton is much higher? So, it'll be very good to paint a picture for us to say, exports will see this much growth and all this export growth will come at a higher EBITDA per ton. Raju Bista: See, two or three things, as I mentioned earlier as well, in the full year, our volume target is of 11 lakh tons.
Because now, the double taxation angle that was there earlier has also been corrected by the government. And a bit, particularly within these two or three quarters because of this price increase or steel prices going through ups and downs, working capital has also increased a bit, money is tied up there quite a bit. But very soon, we will do some corporate action and inform you quickly.
So all the money in the company belongs to the shareholders; whatever is the company's wealth belongs to the shareholders and it will go to them only. So that's why -- because whenever I study this company, I feel that regulatory-wise or bank-wise or anything, there is no theoretical thing stopping demerger, unless and until... Raju Bista: I also believe there is no logic in not doing the demerger.
MANAGEMENT PROMISE LEDGER
Quantified statements on the clock
“And in FY28, how do you see the growth, especially in the API business because EBITDA per ton is much higher? So, it'll be very good to paint a picture for us to say, exports will see this much growth and all this export growth will come at a higher EBITDA per ton. Raju Bista: See, two or three things, as I mentioned earlier as well, in the full year, our volume target is of 11 lakh tons.”
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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