The company has a market capitalization of Rs 3.22 billion and belongs to the BSE Small Cap Index.
On January 16th, the market traded in the red. The S&P BSE Sensex fell 0.28% at 60,092.97 while the NIFTY50 closed down 0.36% at 17891.65. In terms of sector performance, power and utilities outperformed, while commodities and healthcare ranked high. top loserWhen it comes to equity-specific actions, Surya Roshni Ltd was one of them. top gain BSE group “A”.
Shares of Surya Roshni Ltd closed at Rs 592, up more than 3.7% from its previous closing price of Rs 570.75. The stock opened at Rs 574.4 with intraday highs and lows of Rs 597.05 and Rs 573.15 respectively. The company has a market capitalization of Rs 3.22 billion and belongs to the BSE Small Cap Index.
Surya Roshni Ltd operates in two business segments, the Steel Pipes & Strips segment and the Lighting & Durables segment. Approximately 80% of revenue is from the steel pipe and strip segment and the remaining 20% is from other segments. India’s largest exporter of ERW (Electrical Resistance Welding) pipes, leading manufacturer of GI (Galvanized Iron) pipes and his second largest player in the domestic lighting industry.
In 2022, the company achieved excellent performance. In fiscal year 2022, the company’s revenue increased by 39% and net profit increased by 29.5% to a reported Rs 204.92 crore.
For the latest September quarter, the company reported total revenue of Rs 198.4 billion, showing a year-on-year growth of 2%. Net profit for the quarter increased significantly by 55% year-on-year, from Rs 44 million to Rs 68 million in Q2 FY2022.
In terms of shareholding pattern, 62.96% are owned by promoters, 1.18% by FIIs, 0.04% by DIIs, 1.89% by Surya Roshni Employees Welfare Trust and the remaining 33.93% by non-institutional investors.
The stock is trading at 14.5 times TTM PE, with 52-week highs and lows of Rs 597.05 and Rs 336.05 respectively.
