AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 25 Jul - Copy of News paper publication for Financial results for quarter ended on 30th June, 2026.
Source: Bse
Suraj Limited (SURAJLTD)
Small CapMetals stocks · Small cap · NSE
Suraj Limited operates in Steel Pipes, within the Metals sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result23 Jul, 06:46 pm IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Metals P/E 23.2 (n=92)
Technical timing lens
Trend score and candlestick chart
44NeutralSMA20 -3.1% / mo · MACD + · near 52W low
Stock trend: 40
Sector RS: 50
Sector 3M: -4.5% vs Nifty 500 -5.6%
Metals FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
SURAJLTDD candles · FIT view-17.3%Latest close ₹203.60 on 2026-10-19
Bar
-7.0%
RSI
53
MACD hist
1.84
52W pos
15%
2026-10-19O ₹219.00H ₹219.99L ₹201.00C ₹203.60Vol 1,088 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
SURAJLTDNifty MetalNifty 500
- SURAJLTD
- -10.9%
- Nifty 500
- -5.6%
- Nifty Metal
- -3.8%
- Vs Nifty 500
- -5.3 pp
Chart stats
19 Oct 2026- From 52W high
- -41.6%
- 52W range position
- 15%
- ATR (14)
- 4.4%
- Volume vs 20D
- 0.64x
- Avg traded value
- ₹0 Cr
- 20D price channel
- ₹178 - ₹220
₹348.7
₹178 - ₹348.7
₹8.9
Latest completed session
20-session average
44.4% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · WATCHLIST32
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Average30
Revenue -22.5% · PAT +31.0% YoY
Technical
Neutral44
Price trend and sector-relative-strength timing.
Valuation
Legacy model-29.4%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence59
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Average · 30/100Rev -22% YoY · PAT +31% YoY · margin expansion · operating leverage
Filed 23 Jul 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹39 Cr | -22.5% | -10.1% |
| EBITDA | ₹6.4 Cr | +32.9% | +469.0% |
| Operating margin | 16.5% | +686 bps | +1387 bps |
| PAT | ₹3.6 Cr | +31.0% | +42.5% |
| PAT margin | 9.2% | +376 bps | +340 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 42.30
- P/B
- 2.56
- EV/EBITDA
- 18.73
- Market Cap
- 352.00Cr
Profitability
- ROE
- 4.98%
- ROCE
- 7.11%
- ROA
- 3.54%
- Dividend Y
- 0.78%
Growth (CAGR)
- Revenue 5Y
- 27.00%
- EPS 5Y
- 27.00%
- Revenue 3Y
- -18.00%
- EPS 3Y
- -31.00%
Balance Sheet
- Debt/Equity
- 0.44
- Interest Coverage
- 4.00×
- Altman Z
- 4.42
- Book Value
- 75.00
Cash Flow
- FCF Yield
- 3.13%
- FCF Positive Y
- 4/5
- OCF
- 17.00 Cr
- EPS TTM
- 4.52
Shareholding
- Promoter Hold
- 75.00%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 1%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 206-12.0% vs prev
Net Profit
₹ CrLatest: 7.0-46.2% vs prev
Return on Equity
%Latest: 5.1-47.7% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 53.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~3.1% over last month) — short-term momentum negative.
- RSI(14) at 53 — falling, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 41% off 52W high · 14% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
26
RS percentile
Stage 4 Downtrend
1M return
+1.4%
3M return
-10.9%
6M return
-17.4%
1Y return
-31.0%
RS 1D
+3
RS 20D
+11
Sector rank
#4
Industry rank
#50
Stage evidence
- Price is 8.9% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -1.7%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
leading
Industry
improving
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 66.71+1.89%
RS vs Nifty 50067
Valuation & peers
U-Score 32 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 32 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
WATCHLIST
Fundamental score breakdown
U band · WATCHLISTValuation0/30
Growth15/25
Quality0/20
Balance Sheet8/15
Cash Flow6/10
Piotroski
8/9 (+5)
Penalties
-2
Raw sum
32
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
32/100 · legacy band WATCHLIST
Positive drivers
- FCF yield is supportive at 3.1%.
- Piotroski is strong at 8/9.
- Growth contributes 15/25 to the score.
Main drags
- Penalty bucket subtracts 2 points.
- Fair-value margin of safety is negative at -29.4%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
Sector valuation model
Cyclical valuation: normalized earnings, not just trailing PE
Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.
Primary lens
Mid-cycle PE/EV/EBITDA using multi-year average margins or earnings.
Secondary checks
Current margin versus 5-year average, balance sheet strength, commodity cycle.
Main risk check
A low trailing PE may mean peak-cycle earnings, not true cheapness.
PE
42.3
PB
2.6
EV/EBITDA
18.7
ROE
5.0%
ROCE
7.1%
FCF Yield
3.1%
Debt/Equity
0.4
MoS
-29.4%
Cyclical/value-trap warning
This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE.
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
32
Previous: 32
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
-29.4%
Previous: -29.4%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
32
32
32
32
32
32
32
32
32
32
32
32
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹87.34
-133.1% MoS
Growth-justified P/E
34.8
Growth-justified Value
₹157.3
-29.4% MoS
PEG
1.57
Comparable companies
Peers
Business-comparable peers in Metals — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
SHAH
Small
Shah Metacorp Limited
Steel
match 64
40
23.1
5.2%
+40%
WATCHLIST
DPWIRES
Small
D P Wires Limited
Steel
match 63
34
13.6
6.8%
-235%
WATCHLIST
VMSTMT
Small
VMS TMT Limited
Steel
match 60
58
12.8
14.0%
+62%
FAIR VALUE
PSRAJ
SME
P S Raj Steels Ltd.
Steel
match 59
30
44.4
12.4%
-11%
OVERVALUED
KRITIKA
Small
Kritika Wires Limited
Steel
match 59
42
16.2
7.7%
+42%
WATCHLIST
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Suraj Limited operates in Steel Pipes, within the Metals sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
59Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 25th percentile of the scored universe and 26th percentile within Metals. Main check: results consistency is weak at 5/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
3 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
25th percentile
overall median 67 · Metals: 26th pctile, median 70 · Small: 28th pctile, median 66
Evidence depth
Financial-only
3 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Needs extra due diligence; demand valuation comfort and recent improvement.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
81
strong · leverage and solvency
Discipline
30
weak · capital discipline
Results
5
weak · quarterly consistency
Trust positives
- ▸Promoter holding is 75%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 3%.
- ▸4 years of positive FCF.
Trust risks
- ▸3 latest quarters had PAT decline worse than 25% YoY.
- ▸ROCE is low at 7.1%.
- ▸ROE is low at 5%.
- ▸ROCE trend is -7.6%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Suraj Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 5 Jun
Source: Bse
Annual report
Reg. 34 (1) Annual Report. 4 Jun
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 8 May
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Announcement
Standalone And Consolidated Audited Financial Results For The Quarter And Year Ended 31St March, 2026 7 May
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.