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Surya Roshni Ltd share Price

Company details

6M Return 27.27%
1Y Return 42.64%
Mkt Cap.(Cr) 3,326.02
Volume 33,685
Div Yield 0.64%
OI Chg %
Volume 33,685

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Surya Roshni Ltd.

Q3FY23 Quarterly Result Announced for Surya Roshni Ltd.

Steel Pipes and Lighting product manufacturer Surya Roshni announced Q3FY23 results:

  •  Q3FY23 and 9MFY23:
    • Q3FY23 EBITDA and PAT grew by 65% and 121% respectively
    • Announced interim dividend of Rs 3.00 per equity share
    • Steel Pipes and Strips EBITDA/MT at Rs 6,733, a growth of 76% YoY for Q3FY23.
    • Reduced debt by Rs 71 crore in 9MFY23. Similarly, the finance cost also reduced by 28% in 9MFY23 inspite of the increasing interest rate trend. Debt Equity reduced to 0.30x as on 31st December 2022 as compared to 0.48x as on 31st December 2021.

Commenting on the results, Company’s Managing Director, Mr. Raju Bista, said “The company continued to report a healthy set of numbers along with improvement on operational parameters on a YTD basis. The financial performance was further aided by stable input costs, festive season and continuous improvement in the product mix.

In Lighting and Consumer Durables, Q3 and 9M FY23 revenue grew by 6% and 20% YoY respectively, driven by an improved product mix. LED lighting as a whole grew by 8% YoY during the quarter (LED street lighting grew 66% and 74%, for Q3 and 9MFY23 respectively). The Professional Lighting business continued to do well and registered a growth of 33% and 43% in Q3 and 9MFY23, respectively. The company’s recent product launches also aided the growth momentum. The input costs, especially on the commodity prices front have been stable in Q3FY23, however the USD has gone up w.r.t. INR.

Professional lighting continued to deliver the projects well within the stipulated timeline. The company is bidding aggressively for various projects across the country and witnessing a strong order inflow.

The company’s capex under the PLI scheme is ongoing as per schedule. Once operationalized, it is expected to lower the external dependency along with the reduction in cost. The company’s constant effort to bring down replacement costs has worked well. The replacement cost now stands at 5.15%, a significant reduction on YoY as well as QoQ basis. The company remains committed to further bring down the cost, which will enable the company to offer high quality products.

The company continued to focus on R&D to offer innovative and trendy product line along with further deepening the engagement with dealers and distributors. The key focus of the company remains on enhancing the market share in Metro and Tier-1 cities along with further penetrating the existing rural network.

In the Steel Pipes and Strips, the topline was affected due to correction in global steel prices. HR coil prices reduced by 18% on an average in current quarter as compared to corresponding quarter. However, EBITDA/MT improved significantly by 76% on a YoY basis to Rs. 6,733 in Q3FY23, due to increased share of value-added products. The company remains well geared to accelerate the growth further in the coming quarters.

To reward the company’s shareholders on the remarkable financial performance during the period, the Board has declared an interim dividend of Rs.3.00 (30%) per equity share on the paid-up equity capital. The company remains committed to enhance value for the shareholders further”.


Result PDF

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Operating Profit

Profit after Tax


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Operating Profit

Profit after Tax




Surya Roshni Ltd Stocks COMPARISION


Equity Capital: 1,547.58 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 22,948.47 4,147.77
LAST 3M 50,808.43 -11,347.14
LAST 6M 78,521.89 15,105.83
LAST 12M 169,956.63 -37,974.87

Surya Roshni Limited - Trading Window

Mar 27, 2023 l NSE Announcement

Surya Roshni Limited - Loss of Share Certificates

Mar 23, 2023 l NSE Announcement

Surya Roshni Limited - Loss of Share Certificates

Mar 22, 2023 l NSE Announcement

Date Action Type Ratio
Jan 27, 2023 Dividend 30
Sep 01, 2022 Dividend 40
Sep 02, 2021 Dividend 15

Surya Roshni Ltd Information

Stock PE (TTM)


Promoter Holding


Book Value







  • Formerly known as Prakash Tubes, Surya Roshni has two divisions -- the steel division and the lighting division. The steel division, which commenced operations in 1974, manufactures electrical resistance welded (ERW) steel pipes and tubes, and cold-rolled formed sections and profiles, and cold-rolled (CR) strips. The lighting division, operating since 1983, manufactures flourescent tube lamps (FTL), general lighting systems (GLS), glass shells for GLS lamps, tubular glass shells, FTL filaments, GLS filaments, and sodium and mercury vapour lamps. The lamps are sold under the Surya brand. A backward intergration to manufacture lead glass tubings and an expansion of capacities of the lighting division were undertaken in 1993. The company recently completed a project to manufacture halogen lamps and decorative lamps. Its backward integration project to manufacture ribbon glass shells, FTL tube drawing lines, GLS filaments, FTL filaments, GLS caps and GLS chains, is under implementation, out of which two GLS lamp groups, GLS lamp filament and automatic FTL packing machine were completed in 1995-96. The technologies for the above projects are from GB Glass, UK, and Falma, Switzerland. The projects for GLS lamps, GLS filaments, lamp caps and electrostatic coating were also completed in 1995-96, while those for ribbon glass shells and tube drawing projects, will get over in 1998. All the products except ribbon shells are totally for captive consumption. Surya Roshni has also set up a joint venture with Osram, under the name Osram Surya Pvt Ltd to manufacture compact flourescent lamps.

Registered Address

Prakash Nagar Sankhol, , Bahadurgarh, Haryana, 124507

Tel : 01276-241540
Email : surya:suryasteelpipe.com
Website : http://www.surya.co.in


Mas Services Limited

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 500336
Book Closure Date (Month) :
BSE Group : A
ISIN : INE335A01012

FAQ’s on Surya Roshni Ltd Shares

You can buy Surya Roshni Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Surya Roshni Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Mar 27, 2023 04:01 PM the closing price of Surya Roshni Ltd was ₹ 611.30.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Mar 27, 2023 04:01 PM, the market cap of Surya Roshni Ltd stood at ₹ 3,326.02.

The latest PE ratio of Surya Roshni Ltd as of Mar 27, 2023 04:01 PM is 12.66

The latest PB ratio of Surya Roshni Ltd as of Mar 27, 2023 04:01 PM is 0.49

The 52-week high of Surya Roshni Ltd is ₹ 741.25 while the 52-week low is ₹ 336.05

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