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Employees: 4,049
Size Sunflag Iron & Steel (SUNFLAG.NS) is an India Materials company (Steel) with a market value of $730M, the 703rd largest of 1,058 India companies the cockpit tracks. Shares closed at ₹382.05 on 6 Nov 2026.
Performance Over six months the shares fell 7.3%, against -19.3% for the median peer and 0.0% for the India market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue grew 9.3% over the last twelve months (peer median +1.3%); the operating margin is 9.0% (peer median 3.9%).
Valuation It trades at 1.7× enterprise value to sales against a peer median of 1.2× (5th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 23% a year for seven years (Req g). Recent delivered growth is +16%, so the hurdle is +8 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 10.9 points below its cost of capital (14.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹40.0B | ₹39.2B | ₹35.3B | ₹34.1B | ₹34.9B |
| Revenue growth | — | +11% | +4% | -2% | — |
| Gross profit | ₹12.5B | ₹5.49B | ₹4.58B | ₹4.26B | ₹5.29B |
| EBITDA | ₹4.76B | ₹4.66B | ₹3.98B | ₹3.80B | ₹4.58B |
| Net income | ₹2.06B | ₹2.02B | ₹1.62B | ₹1.44B | ₹11.2B |
| Free cash flow | n/a | ₹2.10B | ₹346M | ₹336M | ₹388M |
| Capital expenditure | n/a | ₹1.28B | ₹882M | ₹1.25B | ₹1.68B |
| Total debt | n/a | ₹5.24B | ₹6.24B | ₹7.27B | ₹6.09B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SUNFLAG.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -19.5% | -10.6% | 4th lowest of 21 |
| 6-month return | -7.3% | -19.3% | 3rd highest of 21 |
| Distance from 52-week high | -20.3% | -32.9% | 4th highest of 21 |
| Revenue growth (TTM) | +9.3% | +1.3% | 7th highest of 21 |
| Operating margin | 9.0% | 3.9% | 5th highest of 21 |
| EV / Sales | 1.7× | 1.2× | 5th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 23.4% | 8.1% | 2nd most demanding of 12 |
| Growth delivered (Del g) | +15.7% | +8.4% | 4th highest of 12 |
| Hurdle (Req g minus delivered) | +7.7 pp | -5.6 pp | 3rd most demanding of 12 |
| ROIC minus cost of capital | -10.9 pp | -4.7 pp | 3rd lowest of 21 |
| EV / EBITDA | 14.5× | 8.1× | 2nd most expensive of 9 |
| Net debt / EBITDA | 0.6× | 1.0× | 4th least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sunflag Iron & Steel SUNFLAG.NS | India | $730M | -7% | +9% | 9% | 1.7× | 23.4% | +15.7% |
| Guangdong Zhongnan Iron & Steel 000717.SZ | China | $734M | -19% | -12% | -5% | 0.5× | n/a | n/a |
| SBHC 001430.KS | South Korea | $712M | -64% | +11% | 3% | 0.2× | n/a | n/a |
| Metallus MTUS | United States | $687M | -10% | +11% | 1% | 0.5× | n/a | n/a |
| Silvery Dragon Group Co., Ltd Tianjin 603969.SS | China | $790M | -33% | -1% | 15% | 1.9× | -3.5% | +4.7% |
| Kirloskar Ferrous Industries KIRLFER.NS | India | $674M | -15% | +7% | 8% | 1.0× | 14.2% | +27.6% |
| Champion Iron CIA.AX | Australia | $799M | -60% | -7% | 7% | 1.4× | 10.4% | +7.4% |
| Yieh Phui Enterprise 2023.TW | Taiwan | $804M | +5% | -9% | 0% | 1.3× | n/a | n/a |
| Maharashtra Seamless MAHSEAMLES.NS | India | $809M | -12% | -12% | 13% | 1.6× | 8.1% | +15.2% |
| Anyang Iron and Steel 600569.SS | China | $810M | -10% | +1% | -10% | 0.6× | n/a | n/a |
| Hangxiao Steel Structure 600477.SS | China | $810M | -24% | -24% | 3% | 1.7× | 11.6% | -2.5% |
| Jai Balaji Industries JAIBALAJI.NS | India | $651M | -20% | +2% | 4% | 1.0× | 35.8% | +15.7% |
| SunCoke Energy SXC | United States | $832M | +34% | +3% | 4% | 0.7× | 7.2% | +6.6% |
| Chung Hung Steel 2014.TW | Taiwan | $636M | -16% | -17% | -1% | 1.2× | -10.1% | -12.4% |
| Jiangsu Changbao Steel Tube 002478.SZ | China | $847M | -40% | +2% | 6% | 0.8× | -4.8% | +8.4% |
| Xinjiang Baodi Mining 601121.SS | China | $887M | -23% | +23% | 23% | 5.5× | n/a | n/a |
| BRC Asia BEC.SI | Singapore | $894M | -9% | +23% | 8% | 0.6× | -14.8% | +20.5% |
| RongFa Nuclear Equipment 002366.SZ | China | $898M | -29% | -15% | -18% | 9.0× | n/a | n/a |
| Yieh United Steel 9957.TWO | Taiwan | $581M | -18% | -10% | -12% | 1.5× | n/a | n/a |
| Jiangsu Longda Superalloy 688231.SS | China | $919M | -34% | +54% | 6% | 2.7× | n/a | n/a |
| Jayaswal Neco Industries JAYNECOIND.NS | India | $920M | -22% | +18% | 15% | 1.2× | 8.4% | +14.0% |