āagman

Not investment advice. Data and computed figures, for information only.

Surya Roshni Ltd

NSE: SURYAROSNI
₹212.52
+₹5.04 (+2.43%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹4,534 Cr
CMP
₹212.52
52-wk High / Low
₹315 / 187
P/E
14.5
P/B
1.7
Book Value
₹121.0
Div Yield
2.40%
ROCE
16.0%
ROE
10.9%
Face Value
₹5
D/E
0.03

Price−26.3% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
4
/ 9
4 of 9 F-score tests passed
Graham Number
₹189
√(22.5 × EPS × book value per share)
ROIC
9.8%
vs 12.3% sector median
Cash flow to profit
1.40
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+111
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
7.1%
ROE × earnings retention ratio
ROE stability
2.4
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.02FII −0.87DII −0.20
Latest quarter vs the previous one
Cash-accrual divergence
−3.4%
of assets
Low = accruals track cash flow
Strengths
+Borrowings are down 91.1% since FY2016 (895 to 80)
+FII holding rose by 1.3pp over the last year
+PE of 14.5x is below the sector median of 43.6x
Watch-outs
−Latest ROCE of 16% trails the sector median of 19%
−Price trades below its 200-day moving average (0.9x)
−Price is 32.4% below its 52-week high

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,8751,9161,9382,0801,8931,5291,8682,1461,6051,8451,9272,1632,046
Expenses1,7611,7781,7831,9151,7421,4531,7181,9431,5351,7271,7832,0091,934
Operating Profit1141371551661517615020270118145154112
OPM %6.1%7.2%8.0%8.0%8.0%5.0%8.0%9.4%4.4%6.4%7.5%7.1%5.5%
Other Income2247876913233168
Interest6674565559765
Depreciation29293029303130313232333334
Profit before tax81104121139123461211754610010713181
Net Profit5976901049234901303474809860
EPS (₹)2.723.494.144.784.251.574.135.981.553.413.664.522.74

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2012Mar 2013Mar 2016Mar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,9943,5072,9643,1455,9755,4715,5617,7317,9977,8097,4367,5407,982
Expenses2,7633,1972,7222,9165,6035,1175,1827,2887,3837,2376,8577,0537,452
Operating Profit231310243230372354379443614572579487530
OPM %7.7%8.8%8.2%7.3%6.2%6.5%6.8%5.7%7.7%7.3%7.8%6.5%6.6%
Other Income11214356514305449
Interest116145968811511470644524212828
Depreciation6085615689103103108115117123130133
Profit before tax56828787172140211277459445465384419
Net Profit52736772121103158205336329347286312
EPS (₹)2.984.193.834.085.554.717.289.4215.4215.1315.9313.1314.33

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2012Mar 2013Mar 2016Mar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital44444444545454535454109109—
Reserves6846936607231,0971,1851,3141,4941,8102,1122,3562,525—
Borrowings1,1861,1968958861,1921,090732593418161680—
Other Liabilities285362390465685641842974776739752832—
Total Liabilities2,2002,2951,9902,1183,0292,9712,9413,1153,0572,9223,2343,545—
Fixed Assets1,1591,1967537871,0891,0611,029943912835841892—
CWIP38261815251510538175730—
Investments00636800000000—
Other Assets1,0021,0731,1551,2481,9161,8951,9032,1192,1362,0702,3362,623—
Total Assets2,2002,2951,9902,1183,0292,9712,9413,1153,0572,9223,2343,545—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2012Mar 2013Mar 2016Mar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity64254208181120276540285280546395401
Cash from Investing Activity−194−108−51−84−105−48−66−54−33−51−329−284
Cash from Financing Activity122−155−156−105−37−229−475−231−246−461−80−92
Net Cash Flow−7−81−8−22−1−10134−1525

Ratios

As of 31 Mar 2026
12 periods
Mar 2012Mar 2013Mar 2016Mar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %9.011.0—11.0—11.013.016.023.021.021.016.0
ROE %———————————10.9
EPS (₹)2.984.193.834.085.554.717.289.4215.4215.1315.9313.13
Book Value (₹)———————————121.0
Face Value (₹)———————————5
P/E———————————14.5
Div Yield %———————————2.40
NPM %1.72.12.32.32.01.92.82.64.24.24.63.8
OPM %8.09.08.07.06.06.07.06.08.07.08.06.0
D/E1.631.621.271.161.040.880.540.380.220.010.010.03
P/B———————————1.7

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+10.0%
5 years+6.0%
3 years−2.0%
TTM+12.0%
Compounded profit growth
10 years+15.0%
5 years+12.0%
3 years−6.0%
TTM+8.0%
Stock price CAGR
10 years+15.0%
5 years+4.0%
3 years−8.0%
Last year−28.0%
Return on equity
5 years15.0%
3 years14.0%
Last year11.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters63.32%63.32%62.90%62.90%62.90%62.96%62.96%62.96%62.96%62.47%63.00%63.02%
FIIs2.77%2.77%1.12%1.30%1.16%1.29%1.04%2.54%5.02%4.12%4.68%3.81%
DIIs1.47%1.47%2.22%2.41%2.31%1.61%1.24%0.24%0.56%1.63%2.10%1.90%
Government————————————
Public32.44%32.44%33.76%33.38%33.62%32.67%32.76%33.15%31.11%31.75%30.20%31.27%
No. of shareholders22,82722,82722,76024,13725,06525,41345,07738,13353,43866,60066,76667,798
Change since Jun 2023 (pp)
Promoters −0.30FIIs +1.04DIIs +0.43Public −1.17

Documents

As of 11 Oct 2026
Announcements
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseClosure of Trading WindowShareholder Meeting / Postal Ballot-Scrutinizer''s ReportShareholder Meeting / Postal Ballot-Outcome of AGMCompliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingJun 2026TranscriptJun 2026PPTJun 2026RecordingFeb 2026TranscriptFeb 2026PPTNov 2025TranscriptNov 2025PPTNov 2025RecordingAug 2025TranscriptAug 2025PPTAug 2025Recording

Corporate actions

As of 21 Aug 2026
21 Aug 2026DIVIDENDDividend - Rs 2.50 Per Share—
17 Nov 2025DIVIDENDInterim Dividend - Rs 2.50 Per Share—
4 Sep 2025DIVIDENDDividend - Rs 3 Per Share—
1 Jan 2025BONUSBonus 1:1—
29 Nov 2024DIVIDENDInterim Dividend - Rs 2.50 Per Share—
23 Aug 2024DIVIDENDDividend - Rs 2.50 Per Share—
10 Nov 2023DIVIDENDInterim Dividend - Rs 2.50 Per Share—
6 Oct 2023SPLITFace Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 5/- Per Share10 : 5
25 Aug 2023DIVIDENDDividend - Rs 4 Per Share—
27 Jan 2023DIVIDENDInterim Dividend - Rs 3 Per Share—
1 Sep 2022DIVIDENDDividend - Rs 4 Per Share—
2 Sep 2021DIVIDEND Dividend - Rs 1.50 Per Share—
6 Nov 2020DIVIDEND Interim Dividend - Rs 1.50 Per Share—
3 Sep 2020DIVIDEND Dividend - Rs 2 Per Share—
27 Aug 2019DIVIDEND Dividend Rs 2 Per Share—
7 Sep 2018DIVIDEND Dividend- Rs 2 Per Share—
8 Dec 2017DIVIDEND Dividend - Rs 1.50 Per Share—
1 Sep 2016DIVIDEND Annual General Meeting/Dividend Re 1/- Per Share—
21 Aug 2015DIVIDENDDividend - Re 1/- Per Share—
8 Aug 2014DIVIDENDAnnual General Meeting / Final Dividend - Re 1/- Per Share—
30 Aug 2013DIVIDENDAnnual General Meeting/Dividend Re 1/- Per Share—
8 Feb 2013DIVIDEND2nd Interim Dividend Re 1 Per Share (Purpose Revised)—
31 Oct 2012DIVIDENDInterim Dividend Rs.2/- Per Share (Purpose Revised)—
2 Sep 2011DIVIDENDDividend-Rs.1.50 Per Share—
3 Sep 2010DIVIDENDDividend-Rs.2/- Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman