Suraj Products Ltd.

BSE: SURAJ518075ISIN INE069E01019

Industrials
Iron & Steel Products

Share price

₹250.30+4.95 (+2.02%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹384.00
52W low: ₹156.20
Off 52W high: -34.82%
1M return: +1.48%
3M return: +13.77%
6M return: +6.40%
1Y return: -30.46%
20D avg volume: 3,270
50 DMA: ₹253.71
200 DMA: ₹230.89

Key ratios Consolidated

Market cap: ₹285.34 Cr
Current price: ₹250.30
52W high / low: ₹384.00 / ₹156.20
Face value: ₹10.00
P/E: 13.74
P/B: 1.72
EPS (TTM): ₹18.22
Book value / share: ₹145.56
ROE: —
ROCE: 14.40%
Operating margin: —
Net margin: —
Debt / equity: 0.03
Net debt: ₹-2.46 Cr
Interest cover: 25.40
Dividend yield: 0.90%
Dividend / share (TTM): ₹2.25
Payout: 12.35%
Cash conversion cycle: 64.5 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q4 FY25
Income statement
	87.70	98.90	65.50	58.69	—
	0.50	0.49	0.25	0.26	—
	88.20	99.38	65.75	58.96	—
	79.95	89.42	60.91	54.88	—
	64.36	65.41	36.57	45.49	—
	9.61	10.81	9.24	9.13	—
	5.15	5.46	5.06	4.42	—
	0.12	0.15	0.18	0.28	—
	1.58	1.85	1.76	1.76	—
	1.02	1.85	0.83	0.93	—
	8.25	9.96	4.84	4.08	—
	0.00	0.00	0.00	0.00	—
	8.25	9.96	4.84	4.08	—
	1.61	3.08	0.80	0.88	—
	6.64	6.89	4.04	3.20	—
	5.83	6.04	3.54	2.81	—
Key metrics
	9.95	11.96	6.78	6.12	—
	11.30%	12.10%	10.40%	10.40%	—
	7.60%	7.00%	6.20%	5.50%	—
	—	5.80%	—	2.70%	—

Metric	TTM	FY26	FY25
Income statement
	310.79	303.79	—
	1.50	1.09	—
	312.29	304.88	—
	285.16	280.72	—
	211.83	204.03	—
	38.79	38.45	—
	20.09	19.48	—
	0.73	0.99	—
	6.95	7.08	—
	4.63	4.72	—
	27.13	24.16	—
	0.00	0.00	—
	27.13	24.16	—
	6.37	5.45	—
	20.77	18.72	—
	18.22	16.42	—
Key metrics
	34.81	32.23	—
	11.20%	10.60%	—
	6.68%	6.20%	—
	—	14.40%	—
	—	38.34	—
	—	2.11	—
	—	0.03	—
	—	-2.46	—
	—	64.5	—
Balance sheet
	—	186.82	—
	—	108.31	—
	—	7.99	—
	—	10.67	—
	—	45.88	—
	—	13.03	—
	—	64.58	—
	—	2.83	—
	—	12.56	—
	—	5.53	—
	—	2.24	—
	—	3.29	—
	—	165.94	—
Cash flow
	—	39.51	—
	—	-28.28	—
	—	-17.84	—
	—	1.17	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	87.70	98.90	65.50	58.69	80.70	90.84	67.22	75.68	92.64	92.09	73.59	67.78
	0.58	0.61	0.25	0.26	0.10	0.33	0.06	0.08	0.06	0.29	0.25	0.04
	88.28	99.51	65.75	58.96	80.79	91.17	67.28	75.76	92.69	92.38	73.84	67.83
	79.95	89.42	60.91	54.87	75.51	84.86	62.40	67.78	84.25	84.28	63.57	58.42
	64.36	65.41	36.57	45.49	56.56	59.76	44.15	59.67	63.62	65.76	57.00	45.02
	9.61	10.81	9.24	9.13	9.27	10.04	9.12	8.16	9.00	9.03	7.54	8.67
	5.15	5.46	5.06	4.42	4.55	5.40	4.41	4.00	3.94	4.46	4.68	3.21
	0.12	0.15	0.18	0.28	0.38	0.47	0.53	0.66	0.60	0.87	0.87	0.77
	1.58	1.85	1.76	1.76	1.72	1.94	1.99	1.99	1.92	2.25	2.23	2.23
	1.01	1.85	0.83	0.92	1.11	1.94	1.26	1.11	—	1.26	0.69	0.78
	8.34	10.09	4.84	4.08	5.28	6.32	4.88	7.98	8.45	8.10	10.26	9.41
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	8.34	10.09	4.84	4.08	5.28	6.32	4.88	7.98	8.45	8.10	10.26	9.41
	1.61	3.07	0.80	0.88	0.69	2.06	0.90	1.49	1.74	2.28	2.86	2.10
	6.73	7.01	4.04	3.20	4.59	4.25	3.99	6.49	6.71	5.82	7.41	7.31
	5.90	6.15	3.54	2.81	4.03	3.73	3.50	5.69	5.88	5.11	6.51	6.41
Key metrics
	10.04	12.09	6.78	6.12	7.38	8.73	7.40	10.63	10.97	11.22	13.36	12.41
	11.40%	12.20%	10.40%	10.40%	9.10%	9.60%	11.00%	14.00%	11.80%	12.20%	18.20%	18.30%
	7.70%	7.10%	6.20%	5.50%	5.70%	4.70%	5.90%	8.60%	7.20%	6.30%	10.10%	10.80%
	—	5.90%	—	2.70%	—	4.30%	—	—	—	—	—	—
	8.70%	8.90%	-2.60%	-22.40%	-12.90%	-1.40%	-8.70%	11.70%	—	—	—	—
	46.60%	64.90%	1.30%	-50.70%	-31.60%	-27.00%	-46.20%	-11.20%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	310.79	303.79	326.37	344.68	284.98	236.85
	1.70	1.22	0.53	0.77	0.33	0.29
	312.50	305.00	326.90	345.45	285.31	237.14
	285.15	280.71	299.28	306.25	249.59	206.28
	211.83	204.03	227.19	241.26	194.00	151.89
	38.79	38.45	36.33	38.15	32.70	24.92
	20.09	19.48	17.76	15.80	11.53	11.13
	0.73	0.99	2.26	3.48	4.02	4.48
	6.95	7.08	7.83	8.95	8.94	8.58
	4.61	4.71	5.01	3.54	3.49	2.70
	27.35	24.30	27.62	39.20	35.72	30.86
	0.00	0.00	0.00	—	—	—
	27.35	24.30	27.62	39.20	35.72	30.86
	6.36	5.45	6.19	10.27	9.71	7.28
	20.98	18.85	21.43	28.93	26.01	23.58
	18.40	16.53	18.80	25.38	22.81	20.68
Key metrics
	35.03	32.37	37.71	51.63	48.68	43.92
	11.27%	10.70%	11.60%	15.00%	17.10%	18.50%
	6.75%	6.20%	6.60%	8.40%	9.10%	10.00%
	—	14.50%	18.80%	—	—	—
	-1.16%	-6.90%	-5.30%	20.90%	20.30%	—
	8.59%	-12.00%	-25.90%	11.20%	10.30%	—
	—	38.65	28.20	—	—	—
	—	2.10	1.39	—	—	—
	—	0.03	0.13	—	—	—
	—	0.04	5.61	—	—	—
	—	64.5	59.4	—	—	—
Balance sheet
	—	186.84	183.05	—	—	—
	—	108.30	98.89	—	—	—
	—	5.49	14.49	—	—	—
	—	10.67	14.11	—	—	—
	—	45.88	42.80	—	—	—
	—	13.03	24.95	—	—	—
	—	64.58	68.96	—	—	—
	—	2.83	3.88	—	—	—
	—	12.55	24.24	—	—	—
	—	5.53	20.10	—	—	—
	—	2.24	16.23	—	—	—
	—	3.29	3.87	—	—	—
	—	165.97	149.52	—	—	—
Cash flow
	—	39.51	29.86	—	—	—
	—	-30.32	-4.56	—	—	—
	—	-18.19	-24.38	—	—	—
	—	0.86	1.66	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +2.15%
Sales CAGR 5Y: —
Profit CAGR 3Y: -10.18%
Profit CAGR 5Y: —
Sales YoY (TTM): -1.16%
Profit YoY (TTM): +8.59%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 73.70%

Quarter	September 2026	June 2026
Promoter %	73.70%	73.70%

Holder	Type	Holding	Previous	Change
MOLISATI VINIMAY PRIVATE LIMITED	Promoter Group	47.17%	47.17%	0.00%
Y.K.DALMIA	Promoter	13.08%	13.08%	0.00%
SUNITA DALMIA	Promoter Group	6.78%	6.78%	0.00%
BALBHADRA INFRATECH PRIVATE LIMITED	Promoter Group	4.74%	4.74%	0.00%
NIVEDITA DALMIA	Promoter Group	0.97%	0.97%	0.00%
NANDITA DALMIA	Promoter Group	0.96%	0.96%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Welspun Corp Limited	63,062	2,390.60	26.60	16.70%	+13.62% TTM	+9.55% TTM	+158.46%
APL Apollo Tubes Limited	61,038	2,198.30	46.60	28.20%	+15.83% TTM	+24.90% TTM	+23.52%
Shyam Metalics and Energy Limited S	34,361	1,231.00	58.56	12.00%	+6.12% TTM	+12.47% TTM	+38.81%
Ratnamani Metals & Tubes Ltd	17,199	2,453.80	33.44	16.30%	-16.31% TTM	-8.61% TTM	+0.53%
Jindal Saw Ltd.	16,202	253.35	32.58	10.80%	-0.73% TTM	-55.61% TTM	+48.64%
Usha Martin Ltd.	14,798	485.60	29.16	18.20%	+8.54% TTM	+25.85% TTM	+2.31%
GODAWARI POWER AND ISPAT LTD.	13,845	205.65	17.14	17.90%	+8.43% TTM	+8.78% TTM	-26.21%
GALLANTT ISPAT LIMITED	12,753	528.55	31.30	18.00%	+5.52% TTM	-17.31% TTM	-5.83%
Jayaswal Neco Industries Ltd S	8,906	91.72	12.94	24.20%	+18.34% TTM	+82.81% TTM	+21.19%
Aeroflex Industries Limited	7,504	567.10	83.87	16.50%	+55.03% TTM	+87.04% TTM	+210.65%
Maharashtra Seamless Ltd.	7,450	556.00	10.11	13.00%	-12.21% TTM	-16.12% TTM	-3.03%
Sunflag Iron & Steel Co. Ltd.	7,070	392.30	34.35	3.70%	+9.35% TTM	+4.58% TTM	+48.12%
Shivalik Bimetal Controls Ltd.	6,178	1,072.50	58.24	25.00%	+27.78% TTM	+33.44% TTM	+130.55%
Technocraft Industries (India) Ltd.	6,166	2,719.40	17.69	19.30%	+12.39% TTM	+33.31% TTM	+12.14%
Man Industries (India) Ltd	5,756	767.35	28.17	16.10%	+10.75% TTM	+26.33% TTM	+94.91%
Goodluck India Limited	5,412	542.70	24.86	19.40%	+18.76% TTM	+31.22% TTM	+32.51%
SAMBHV STEEL TUBES LIMITED	4,886	165.80	25.04	17.50%	—	—	+41.23%
Bansal Wire Industries Limited	4,681	59.80	5.97	16.20%	+20.27% TTM	+2.82% TTM	-2.99%
Surya Roshni Ltd.	4,492	206.40	14.41	15.00%	+11.69% TTM	+8.34% TTM	-31.93%
Electrosteel Castings Ltd.	4,241	68.60	35.12	5.10%	-15.69% TTM	-78.91% TTM	-23.36%
Venus Pipes & Tubes Limited S	3,813	1,840.60	40.76	22.80%	+21.73% TTM	+15.01% TTM	+45.10%
Kalyani Steels Ltd	3,774	864.65	13.40	16.20%	-1.11% TTM	+8.01% TTM	+1.58%
Kirloskar Industries Ltd	3,479	3,308.30	10.24	—	+3.82% TTM	-0.15% TTM	-12.15%
Vardhman Special Steels Ltd S	3,454	356.90	21.41	13.50%	+14.75% TTM	+68.58% TTM	+20.94%
Ratnaveer Precision Engineering Limited S	3,192	380.35	41.84	13.30%	+21.02% TTM	+45.53% TTM	—
Suraj Products Ltd. S	285	250.30	13.60	14.50%	-1.16% TTM	+8.59% TTM	-30.46%

Filings & corporate actions

Recent announcements

Submission of Compliance certificate Under Regulation 74(5) of SEBI (DP) Regulations.8 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation regarding cessation of Directorship of Mr. Gagan Goyal(DIN-00678938) upon expiry of his tenure and not being re-appointed.5 Oct 2026 · Company Update / Cessation
Intimation regarding cessation of Directorship of Mr. C.K.Bhartia upon completion of his second consecutive term as an Independent Director.5 Oct 2026 · Company Update / Cessation
Intimation about resumption of Power Plant and DRI Kiln operations Under Regulation 30 of SEBI (LODR) Regulations1 Oct 2026 · Company Update / General
Intimation about Closure of Trading Window.28 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Submission of Consolidated Scrutinizer Report on voting results of 35th AGM.15 Sep 2026 · AGM/EGM / AGM
Submission of proceedings of 35th Annual General Meeting of Suraj Products Limited12 Sep 2026 · AGM/EGM / AGM
Disclosure under Regulation 30 of SEBI (LODR) Regarding Appointment of Go India Advisors as Investor Relations Agency.8 Sep 2026 · Company Update / General
Submission of paper cutting regarding publication of Notice of 35th AGM and Remote E-voting information to members.21 Aug 2026 · Company Update / Newspaper Publication
Annual Report for the Financial Year 2025-26.20 Aug 2026 · Others / Reg. 34 (1) Annual Report
Submission of Notice convening 35th AGM along with Annual Report for FY 2025-2619 Aug 2026 · AGM/EGM / AGM
Submission of News paper publication regarding publication of of Notice of 35th Annual General Meeting to members of Suraj Products Limited.18 Aug 2026 · Company Update / Newspaper Publication
Fixation of Record Date14 Aug 2026 · Corp. Action / Record Date
Submission of unaudited financial results (both standalone & consolidated) for the quarter ended 30.06.2026.14 Aug 2026 · Result / Financial Results
Outcome of Board Meeting14 Aug 2026 · Board Meeting / Outcome of Board Meeting
Suraj Products Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/08/2026 ,inter alia, to consider and approve to consider and approve the ....11 Aug 2026 · Board Meeting / Board Meeting
Intimation regarding maintenance of one of the Kiln of DRI Plant.20 Jul 2026 · Company Update / General
Intimation about maintenance of power plant.17 Jul 2026 · Company Update / General
Submission of Compliance Certificate Under Reg. 74(5) of SEBI (DP), Regulations.9 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation about Closure of Trading Window.1 Jul 2026 · Insider Trading / SAST / Closure of Trading Window
The Exchange has received the disclosure under Regulation 10(7) in respect of acquisition under Regulation 10(1)(d)(iii)of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....18 Jun 2026 · Insider Trading / SAST / Disclosures under Reg. 10(7) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Molisati Vinimay Pvt Ltd17 Jun 2026 · Insider Trading / SAST / Disclosures under Reg. 10(6) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Molisati Vinimay Pvt Ltd & PAC17 Jun 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Submission of Annual Secretarial Compliance Report for the Financial Year ended on 31.03.2026.30 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Revised outcome of Board Meeting held on 26.05.2026.27 May 2026 · Company Update / Revision of outcome
Submission of News paper cutting for publication of outcome of Board Meeting held on 26.05.2026 along with Audited Financial Results (both Standalone & Consolidated) for the quarter and ....27 May 2026 · Company Update / Newspaper Publication
Financial Results for the quarter and year ended 31.03.202626 May 2026 · Result / Financial Results
Board Meeting outcome26 May 2026 · Board Meeting / Outcome of Board Meeting
Submission of News paper cutting for publication of Notice of Board Meeting.19 May 2026 · Company Update / Newspaper Publication
Suraj Products Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 26/05/2026 ,inter alia, to consider and approve Audited Financial Results for ....18 May 2026 · Board Meeting / Board Meeting
Intimation about upgradation of Credit Rating by ICRA7 May 2026 · Company Update / Credit Rating
Announcement under Regulation 30 of SEBI LODR7 May 2026 · Company Update / General
Submission of compliance Certificate under Regulation 74(5) of (Depositories and Participants) Regulations, 2018.8 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation about closure of trading window.30 Mar 2026 · Insider Trading / SAST / Closure of Trading Window
Rectified Financial Results for the quarter and nine months ended on 31.12.2025.13 Feb 2026 · Result / Financial Results
Submission of Newspaper publication.4 Feb 2026 · Company Update / Newspaper Publication
Financial Results for the quarter & Nine Months ended on 31.12.2025.3 Feb 2026 · Result / Financial Results
Outcome of Board Meeting held on 3rd February, 2026.3 Feb 2026 · Board Meeting / Outcome of Board Meeting
Submission of News paper publication for notice of Board Meeting to be held on 3rd February, 2026.27 Jan 2026 · Company Update / Newspaper Publication
Suraj Products Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/02/2026 ,inter alia, to consider and approve Unaudited Financial Results ....24 Jan 2026 · Board Meeting / Board Meeting

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 2.2500	4 Sep 2026	5 Sep 2026	—
Final Dividend - Rs. - 2.1000	19 Sep 2025	19 Sep 2025	—
Final Dividend - Rs. - 2.0000	20 Sep 2024	—	—

Board meetings

14 Aug 2026 Board Meeting - Financial Results