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Suraj (SURAJLTD)₹203.30−3.14%Iron & Steel Products
In the Sep 2026 quarter (consolidated), Suraj reported sales of ₹55.85 Cr, up 10.8% from Sep 2025, and net profit of ₹3.26 Cr, up 288.1% year on year. For the year to Mar 2026, sales were ₹207 Cr and net profit ₹7.02 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 93.48 | 76.48 | 54.95 | 56.83 | 63.85 | 59.01 | 50.56 | 50.41 | 62.10 | 43.63 | 39.19 | 55.85 |
| Expenses | 81.73 | 65.07 | 45.84 | 48.43 | 50.65 | 63.13 | 45.58 | 46.60 | 56.85 | 42.41 | 32.67 | 48.84 |
| Operating Profit | 11.50 | 11.26 | 9.04 | 8.34 | 13.11 | −4.22 | 4.85 | 3.68 | 5.19 | 1.14 | 6.44 | 6.95 |
| OPM % | 12.3% | 14.7% | 16.5% | 14.6% | 20.5% | −7.2% | 9.5% | 7.3% | 8.3% | 2.6% | 16.4% | 12.4% |
| Other Income | 1.06 | 1.44 | 1.97 | 3.48 | 0.72 | 1.65 | 2.56 | 1.50 | 0.64 | 2.82 | 1.22 | 0.89 |
| Interest | 0.77 | 1.37 | 0.72 | 0.79 | 1.17 | 2.01 | 1.20 | 0.82 | 1.12 | 1.19 | 1.13 | 1.23 |
| Depreciation | 2.41 | 2.59 | 2.69 | 2.56 | 2.78 | 2.89 | 2.84 | 2.89 | 2.75 | −1.17 | 1.40 | 2.12 |
| Profit before tax | 9.37 | 8.72 | 7.56 | 8.46 | 9.85 | −7.44 | 3.36 | 1.46 | 1.95 | 3.91 | 5.12 | 4.48 |
| Tax % | 28.3% | 30.6% | 24.8% | 23.8% | 28.7% | −20.5% | 18.7% | 43.6% | 30.2% | 36.0% | 30.2% | 27.6% |
| Net Profit | 6.76 | 6.09 | 5.72 | 6.49 | 7.08 | −5.94 | 2.75 | 0.84 | 1.39 | 2.53 | 3.60 | 3.26 |
| EPS (Rs) | 3.66 | 3.30 | 3.09 | 3.51 | 3.83 | −3.21 | 1.48 | 0.44 | 0.74 | 1.36 | 1.94 | 1.76 |
| Mar 2018 | Mar 2019 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| Sales | 208 | 183 | 368 | 332 | 235 | 207 | 201 |
| Expenses | 192 | 164 | 333 | 292 | 206 | 190 | 181 |
| Operating Profit | 17.03 | 18.02 | 35.04 | 39.04 | 28.02 | 16.02 | 19.72 |
| OPM % | 8.0% | 10.0% | 9.9% | 12.0% | 12.0% | 8.0% | 9.8% |
| Other Income | 0.00 | 0.00 | 5.98 | 3.99 | 5.98 | 5.98 | 5.57 |
| Interest | 9.99 | 9.99 | 3.99 | 3.99 | 4.99 | 3.99 | 4.67 |
| Depreciation | 6.01 | 7.01 | 8.01 | 9.01 | 11.01 | 7.01 | 5.10 |
| Profit before tax | 0.99 | 0.99 | 28.97 | 30.93 | 17.97 | 10.97 | 15.46 |
| Tax % | 62.1% | −48.0% | 30.1% | 30.0% | 28.0% | 30.0% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.36 | 0.51 | 0.72 | — |
| Net Profit | 0.00 | 1.01 | 20.07 | 22.07 | 13.05 | 7.02 | 10.78 |
| EPS (Rs) | 0.18 | 0.72 | 10.95 | 11.71 | 7.23 | 4.06 | 5.80 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 13.1% | 21.1% | 37.1% | — |
| Mar 2018 | Mar 2019 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 18.97 | 18.96 | 17.97 | 17.99 | 17.98 | 17.98 |
| Reserves | 65.81 | 67.78 | 84.81 | 104 | 115 | 119 |
| Borrowings | 112 | 98.74 | 21.95 | 33.92 | 63.84 | 59.87 |
| Other Liabilities | 15.93 | 11.94 | 19.90 | 28.86 | 24.88 | 27.86 |
| Total Liabilities | 212 | 197 | 146 | 185 | 221 | 225 |
| Fixed Assets | 60.83 | 56.80 | 59.74 | 84.73 | 88.63 | 88.68 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 13.96 | 14.96 | 14.97 |
| Other Assets | 153 | 141 | 85.89 | 86.79 | 118 | 122 |
| Inventories | 87.69 | 83.78 | 27.92 | 23.93 | 51.87 | 62.81 |
| Trade receivables | 41.90 | 30.93 | 32.92 | 33.93 | 32.94 | 36.96 |
| Cash & equivalents | 4.01 | 5.01 | 1.01 | 0.00 | 0.00 | 0.00 |
| Total Assets | 212 | 197 | 146 | 185 | 221 | 225 |
| Mar 2018 | Mar 2019 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from operating activity | 13.97 | 26.93 | 44.94 | 40.92 | −8.99 | 16.98 |
| Cash from investing activity | −1.01 | −2.01 | −19.03 | −47.06 | −14.01 | −6.01 |
| Cash from financing activity | −13.99 | −23.97 | −25.98 | 5.99 | 22.96 | −10.99 |
| Net cash flow | −1.01 | 0.99 | 0.00 | 0.00 | 0.00 | 0.00 |
| Capex | 1.67 | 2.50 | 18.71 | 34.89 | 15.43 | 9.46 |
| Free cash flow | 12.04 | 24.07 | 26.09 | 7.03 | −23.06 | 11.04 |
| CFO / OP % | 89.9% | 156.0% | 151.0% | 135.9% | −20.0% | 106.0% |
| Mar 2018 | Mar 2019 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor days | 74 | 61 | 33 | 38 | 51 | 65 |
| Inventory days | 219 | 230 | 37 | 38 | 132 | 177 |
| Days payable | 20 | 15 | 7 | 22 | 31 | 48 |
| Cash conversion cycle | 274 | 278 | 65 | 56 | 154 | 196 |
| Working capital days | 40 | 53 | 42 | 10 | 30 | 51 |
| ROCE % | — | 6.0% | — | 24.0% | 12.9% | 7.0% |
For the Sep 2026 quarter, Suraj reported sales of ₹55.85 Cr, up 10.8% year on year and net profit of ₹3.26 Cr, up 288.1% year on year. The operating margin was 12.4%.
Suraj's sales for the year to Mar 2026 were ₹207 Cr; over the last twelve months they were ₹201 Cr.
Net profit for the year to Mar 2026 was ₹7.02 Cr, and ₹10.78 Cr over the last twelve months. Earnings per share over the same trailing period were ₹5.80.
Suraj reported borrowings of ₹59.87 Cr at Mar 2026, against cash and equivalents of ₹0 Cr.
Cash from operations was ₹16.98 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹11.04 Cr.