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← CockpitCompetitor Analysis › SURYAROSNI.NS Surya Roshni LimitedOpen in the cockpit ↗

Surya Roshni LimitedSURYAROSNI.NSCompetitor analysis, valuation and peers

India · INR·Metal & Mining›Steel
Momentum weak 28
Mkt cap
$500M
US dollars, full cap
Free float
31%
of shares outstanding
$/day
$834,785
20-day average traded
Fwd P/E
11.0×
forward earnings
ROIC−WACC
-7.0 pp
WACC 18.3%
Hurdle
+14 pp
Req g minus delivered
Next earnings
1 days
7 Nov 2026
Close · INR₹216.76
1D-1.0%
1W+6.3%
1M-0.7%
3M-13.6%
6M-19.6%
YTD-21.2%
1Y-25.2%
ATR %3.7%
Beta1.00
52w lowhigh31.1% off high

What Surya Roshni does

No business profile yet.

Surya Roshni at a glance

Size Surya Roshni (SURYAROSNI.NS) is an India Materials company (Steel) with a market value of $500M, the 841st largest of 1,058 India companies the cockpit tracks. Shares closed at ₹216.76 on 6 Nov 2026.

Performance Over six months the shares fell 19.6%, against -10.8% for the median peer and 0.0% for the India market (cap-weighted) — 7th lowest of 21 in its peer set.

Growth Revenue grew 11.7% over the last twelve months (peer median +1.3%); the operating margin is 5.0% (peer median 3.7%).

Valuation It trades at 11.0× forward earnings against a peer median of 13.0× (7th cheapest of 13).

Price implies For today's price to make sense, revenue must grow about 20% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is +14 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 7.0 points below its cost of capital (18.3% WACC).

Next results Next results expected around 7 Nov 2026 (exchange calendar; dates can move).

Relative performance

809010011 May 202611 Aug 20266 Nov 2026Peer median 90SURYAROSNI.NS 81
Six months, rebased to 100: Surya Roshni against the median of its 20 peers (local-currency closes).

Surya Roshni financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹79.8B₹75.4B₹74.1B₹77.8B₹79.7B
Revenue growth—+2%-5%-2%—
Gross profit₹11.8B₹11.3B₹10.3B₹9.94B₹10.8B
EBITDA₹5.30B₹4.87B₹5.63B₹5.56B₹5.97B
Net income₹3.12B₹2.86B₹3.47B₹3.29B₹3.36B
Free cash flown/a₹2.51B₹2.39B₹4.62B₹2.00B
Capital expendituren/a₹1.60B₹1.51B₹619M₹364M
Total debtn/a₹798M₹163M₹160M₹4.18B

Quarterly statements and history in the cockpit →

Surya Roshni competitor charts

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.

Performance: 6-month against 1-month return

-60%-40%-20%0%+20%-10%0%6051585480SAMBHV603500BANSALWIRE600581003037600408FXPOELECTCAST20107231603315GOODLUCK560200065599571000902031SURYAROSNI.NS6-month return →1-month return →
Up and to the right = strong over both horizons. Surya Roshni is the large dot.

Fundamentals: revenue growth against valuation

-20%0%+20%+40%10×20×5480SAMBHVBANSALWIRE6005815440ELECTCAST7231GOODLUCK5602000655100090SURYAROSNI.NSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Surya Roshni is the large dot.

Capital: growth delivered against growth the price implies

0%+20%0%20%6051585480603500BANSALWIRE6004085440ELECTCAST2010723160331556020006552031SURYAROSNI.NSGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Surya Roshni is the large dot.

Surya Roshni competitors and peer comparison

How Surya Roshni compares with its peers

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.

Surya Roshni against its 20 peers (data as of 6 Nov 2026)
MeasureSURYAROSNI.NSPeer medianRank in peer set
1-month return-0.7%-7.3%7th highest of 21
6-month return-19.6%-10.8%7th lowest of 21
Distance from 52-week high-31.1%-28.9%10th lowest of 21
Revenue growth (TTM)+11.7%+1.3%5th highest of 21
Operating margin5.0%3.7%10th highest of 21
Forward P/E11.0×13.0×7th cheapest of 13
Growth the price implies (Req g, 7 yrs)20.2%6.0%5th most demanding of 14
Growth delivered (Del g)+6.3%+6.0%7th highest of 14
Hurdle (Req g minus delivered)+13.8 pp+0.2 pp4th most demanding of 14
ROIC minus cost of capital-7.0 pp-2.6 pp5th lowest of 21
EV / EBITDA8.9×10.5×6th cheapest of 14
Net debt / EBITDA-0.7×1.8×least indebted of 15

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Surya Roshni SURYAROSNI.NSIndia$500M-20%+12%5%11.0×20.2%+6.3%
Zhejiang Huada New Materials 605158.SSChina$496M-17%+22%0%n/a0.1%+2.8%
Nippon Yakin Kogyo 5480.TJapan$504M+17%+1%9%8.8×-1.0%+6.0%
Sambhv Steel Tubes SAMBHV.NSIndia$510M+27%+42%10%24.2×n/an/a
Zhejiang Tiantai Xianghe Industrial 603500.SSChina$515M-3%+22%20%n/a8.2%+25.0%
Bansal Wire Industries BANSALWIRE.NSIndia$517M+3%+20%6%25.4×31.6%+23.0%
Xinjiang Ba Yi Iron & Steel 600581.SSChina$526M-19%0%-8%5.9×n/an/a
Guangdong Sanhe Pile 003037.SZChina$466M-28%-9%1%n/an/an/a
Shanxi Antai 600408.SSChina$456M-8%-5%-3%n/a28.8%-10.7%
Kyoei Steel 5440.TJapan$455M-13%+7%4%8.8×-7.0%+6.8%
Ferrexpo FXPO.LUnited Kingdom$453M-55%-39%-1%n/an/an/a
Electrosteel Castings ELECTCAST.NSIndia$450M-25%-16%2%26.5×12.6%+11.3%
Chun Yuan Steel Industry 2010.TWTaiwan$445M-8%+2%8%n/a-11.7%+4.7%
Topy Industries 7231.TJapan$440M+1%+2%2%9.0×6.0%+5.8%
Liaoning Fu-An Heavy Industry 603315.SSChina$439M-46%-4%3%n/a31.1%+7.5%
Goodluck India GOODLUCK.NSIndia$571M+15%+10%8%24.5×n/an/a
Kurimoto,Ltd 5602.TJapan$576M-4%+3%7%10.5×2.1%+1.9%
Shandong Jinling Mining 000655.SZChina$578M-22%+11%3%15.4×23.3%+3.1%
Yieh United Steel 9957.TWOTaiwan$581M-18%-10%-12%n/an/an/a
SK oceanplant 100090.KSSouth Korea$430M-62%-5%8%15.7×n/an/a
Hsin Kuang Steel 2031.TWTaiwan$418M+6%-3%8%10.6×1.3%+11.3%

Questions

Which companies are Surya Roshni's closest peers?
The cockpit's peer set: Zhejiang Huada New Materials (605158.SS), Nippon Yakin Kogyo (5480.T), Sambhv Steel Tubes (SAMBHV.NS), Zhejiang Tiantai Xianghe Industrial (603500.SS), Bansal Wire Industries (BANSALWIRE.NS), Xinjiang Ba Yi Iron & Steel (600581.SS), Guangdong Sanhe Pile (003037.SZ), Shanxi Antai (600408.SS).
Is Surya Roshni expensive compared with its peers?
On forward p/e it trades at 11.0× against a peer median of 13.0×, 7th cheapest of 13 in its peer set. For today's price to make sense, revenue must grow about 20% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is +14 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.
How has Surya Roshni stock performed?
Over six months to 6 Nov 2026 the shares returned -19.6% against -10.8% for the median peer; over one year -25.2%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.