Sunflag Iron & Steel Company Ltd
SUNFLAGSunflag Iron & Steel Company Ltd's earnings have outrun its stock. EPS grew +24.9% in a year against a +16.5% price move.
The sharpest disagreement: the engine is strong, but at the 94th percentile of its own range you are paying full price for it.
The price is in a confirmed uptrend (11 weeks in) while the P/E sits at the 94th percentile of its own 10-year range. Underneath, the last four quarters read improving — profit −20.9% year on year, and 162% of the last 3 years' profit arrived as cash. What settles it: whether the earnings grow into the multiple.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Sunflag Iron & Steel Company Ltd trades at ₹345, in a confirmed uptrend and 11 weeks into that stage. That is +16.1% against its own 200-day average. It sits at 67% of a 52-week range of ₹203 to ₹416. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (4 weeks and counting).
Today the stock is in a confirmed uptrend — week 11 of stage 2, confirmed. At ₹345 it trades +16.1% versus its 200-day average and sits at 67% of its 52-week range (₹203–₹416).
Against the market, two honest reads. Cumulative: over the last 10.3 years the stock moved +1,526% while the NIFTY 500 moved +274% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (4 weeks and counting; last ahead the week of 2026-06-25) — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 94th percentile of its own range.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Sunflag Iron & Steel Company Ltd trades at 30.2× P/E, at the pricey end of its own range (94th percentile). Its long-run median P/E is 12.1×, measured across 10.4 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 30.2× is at the pricey end of its own range (94th percentile), against a long-run median of 12.1× measured over 10.4 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Why the multiple sits where it does: over the past year annual EPS moved +24.9% against a +16.5% price move — earnings outran the price, pushing the multiple DOWN its own range.
The price move, decomposed: over 5y, of the +33.1%/yr price move, ~+8.1%/yr came from earnings growth and ~+25.0 pp from the multiple (expanding); over 10y, of the +29.2%/yr price move, ~+14.1%/yr came from earnings growth and ~+15.1 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.
→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.
Stage: Mixed Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Sunflag Iron & Steel Company Ltd reads as mixed on its fundamental arc. Mixed — no clean majority across the growth curves, ROCE slipping at 4.0% — the per-curve reads carry the story. The read is built from 12 quarters across 4 curves, on partial evidence.
Why it matters: when the curves disagree, the per-curve reads above matter more than any single verdict.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +11.4% | +4.1% | +15.8% | +10.0% |
| Profit | +24.7% | −43.4% | +7.5% | +13.7% |
| EPS | +24.9% | −43.4% | +7.6% | +13.7% |
| Share price | +16.5% | +16.2% | +33.1% | +29.2% |
→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.
4-Factor Sector Score
64.1/100 — rank 5 of 17 in Steel Products · 93% evidence confidence
Sunflag Iron & Steel Company Ltd scores 64.1 out of 100 against the 17 companies it is compared with in Steel Products, ranking 5. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 23.1 + 13.3 + 11.5 + 16.2 = 64.1. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Sunflag Iron & Steel Company Ltd reported ₹1,001 Cr of revenue in the Mar 26 quarter, +13.4% year on year. That is the 4th straight quarter of year-on-year growth. Over 10 years it has compounded at 10.0% a year. The last full year, FY26, came in at ₹3,939 Cr. The last four reported quarters add to ₹3,939 Cr.
Sunflag Iron & Steel Company Ltd reported ₹1,001 Cr of revenue in the Mar 26 quarter, +13.4% year on year. That is the 4th straight quarter of year-on-year growth. Over 10 years it has compounded at 10.0% a year. The last full year, FY26, came in at ₹3,939 Cr. The last four reported quarters add to ₹3,939 Cr.
FY26 revenue came in at ₹3,939 Cr (+11.4% on the year), capping 10 years at 10.0% compound. The latest quarter (Mar 26) printed ₹1,001 Cr, +13.4% year on year — the 4th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +11.4% growth against the decade's 10.0% — the current year is running faster than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +11.4% over the last 4 quarters against +7.4%/yr over the last 8 — accelerating; TTM profit +25.3% vs +18.7%/yr — accelerating.
→ Revenue grew — did margins hold as it scaled? Next: 12.0% this quarter (+1.0 pp YoY).
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Sunflag Iron & Steel Company Ltd's operating margin is 12.0% in the Mar 26 quarter, +1.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 10.0% to 15.0%. The current quarter sits inside that band.
Sunflag Iron & Steel Company Ltd's operating margin is 12.0% in the Mar 26 quarter, +1.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 10.0% to 15.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 12.0%, +1.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 10.0%–15.0%.
Why the margin moved: operating margin went +1.0 pp year on year while gross margin went +2.8 pp — the gain came mostly from the gross line: input costs and pricing.
→ Margins held — did that reach the bottom line? Next: profit −20.9% in the latest quarter.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Sunflag Iron & Steel Company Ltd earned ₹34.0 Cr of net profit in the Mar 26 quarter, −20.9% year on year. Full-year FY26 profit was ₹202 Cr. The 10-year compound rate is 13.7%. That is 3.4% of the quarter's revenue. The same quarter a year earlier earned ₹43.0 Cr.
Sunflag Iron & Steel Company Ltd earned ₹34.0 Cr of net profit in the Mar 26 quarter, −20.9% year on year. Full-year FY26 profit was ₹202 Cr. The 10-year compound rate is 13.7%. That is 3.4% of the quarter's revenue. The same quarter a year earlier earned ₹43.0 Cr.
Mar 26 profit was ₹34.0 Cr, −20.9% year on year. On the full year, FY26 printed ₹202 Cr (+24.7%), and the 10-year compound rate is 13.7%.
🚨 Why profit moved: revenue contributed +13.4% and the margin +1.0 pp — the quarter was revenue-led, with the margin roughly flat.
Pace comparison, last four quarters: profit +34.1% vs revenue +11.4%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.
→ Profit rose — but did the cash follow? Next: 162% of the last 3 years' profit arrived as cash.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 162% of Sunflag Iron & Steel Company Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹390 Cr of operating cash against ₹202 Cr of profit. After ₹122 Cr of capital spending, ₹268 Cr was left as free cash.
FY26: operating cash of ₹390 Cr against reported profit of ₹202 Cr, leaving free cash of ₹268 Cr after ₹122 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 162% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why conversion sits at 162%: the cash cycle tightened 29 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner.
Router verdict: no single sink dominates — the next section checks both the working-capital cycle and the capital spending.
→ So follow the cash to where it goes. Next: a 95-day cycle and ₹327 Cr of building.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Sunflag Iron & Steel Company Ltd's cash conversion cycle runs 95 days in FY26, down from 124 days in FY21. Capital spending ran ₹327 Cr over the last 3 years. At FY26 sales of ₹3,939 Cr each day of that cycle holds about ₹10.8 Cr, so roughly ₹1,025 Cr sits inside the business at any moment.
FY26: debtors at 31 days, inventory at 144 days — roughly 4.7 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 95 days, tighter than FY21's 124.
The full loop: cash goes out to suppliers and production on day 0; stock waits 144 days to sell; customers pay about 31 days after that; and suppliers themselves are paid at 80 days — netting out to the 95-day cycle.
In money terms: at FY26 sales of ₹3,939 Cr, each day of the cycle holds about ₹10.8 Cr — so the 95-day loop keeps roughly ₹1,025 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹327 Cr over the last 3 fiscal years against ₹320 Cr of depreciation — building somewhat ahead of wear-and-tear. Capital work-in-progress stands at ₹214 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.
→ Does all this activity actually earn its cost of capital? Next: ROCE is 4% and the ROIC − WACC spread is −9.3 pp.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
Sunflag Iron & Steel Company Ltd earns a ROCE of 4% in FY26. That is up from a trough of 4% in FY25. Return on invested capital clears the cost of that capital by −9.3 percentage points, so growth here is not yet paying for the capital it uses.
FY26 ROCE is 4%, recovered from a FY25 trough of 4% — the full ladder below shows the fall and the climb, undoctored.
🚨 Why the return is what it is — the wiring (FY26): 5.1% net margin × 0.35× asset turns × 1.27× balance-sheet leverage ≈ 2.3% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.
The capstone test — ROIC − WACC: 2.7% − 12.0% = a −9.3 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.
→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.06.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.
Sunflag Iron & Steel Company Ltd carries total debt of ₹524 Cr against shareholder equity of ₹8,874 Cr as of Mar 26, a debt-to-equity of 0.06 — effectively unlevered. On the annual view that ratio went from 0.34 in FY22 to 0.06 in FY26. The returns elsewhere on this page are therefore earned rather than borrowed.
Mar 26: total debt of ₹524 Cr against shareholder equity of ₹8,874 Cr — a debt-to-equity of 0.06. On the annual view, debt-to-equity went from 0.34 (FY22) to 0.06 (FY26). The returns on this page are earned, not borrowed.
→ Who owns this, and are they adding or leaving? Next: the register is quiet.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
No holder of Sunflag Iron & Steel Company Ltd moved a full percentage point over the last two years — the register is quiet. Promoters moved +0.0 points over the same window, to 51.2%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Domestic institutions: +0.1 points over 8 quarters to 0.2%; Promoters: +0.0 points over 8 quarters to 51.2%; Foreign institutions: +0.0 points over 8 quarters to 0.9%.
→ One last check: does the safety math agree? Next: the balance-sheet safety line.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Sunflag Iron & Steel Company Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | P/E | Mkt cap | Revenue | EPS | ROCE | Stage |
|---|---|---|---|---|---|---|
| Sunflag Iron & Steel Company Ltd this page | 30.2× | ₹6,284 Cr | Mixed | |||
| Jindal Steel Ltd | 34.2× | ₹1.1L Cr | Turning around | |||
| Shyam Metalics & Energy Ltd | 25.5× | ₹28,679 Cr | Improving | |||
| Gallantt Ispat Ltd. | 26.0× | ₹12,576 Cr | Mixed | |||
| Raghav Productivity Enhancers Ltd | 95.5× | ₹5,985 Cr | Consistent | |||
| Kalyani Steels Ltd | 14.8× | ₹3,898 Cr | No read | |||
| Vardhman Special Steels Ltd | 31.1× | ₹2,865 Cr | — | No read | ||
| Rhetan TMT Ltd | 219.0× | ₹2,259 Cr | Turning around | |||
| Prakash Industries Ltd | 6.7× | ₹2,216 Cr | Mixed | |||
| Steel Exchange India Ltd | 46.4× | ₹1,476 Cr | No read | |||
| Electrotherm (India) Ltd | — | ₹1,285 Cr | Deteriorating | |||
| BMW Industries Ltd | 15.3× | ₹1,241 Cr | Turning around | |||
| Salasar Techno Engineering Ltd | 60.6× | ₹1,044 Cr | Turning around | |||
| Kamdhenu Ltd | 33.5× | ₹1,019 Cr | No read | |||
| Beekay Steel Industries Ltd | 20.8× | ₹764 Cr | Mixed | |||
| Banganga Paper Industries Ltd | 347.0× | ₹657 Cr | — | No read | ||
| Panchmahal Steel Ltd | — | ₹652 Cr | No read | |||
| Panchmahal Steel Ltd | — | ₹610 Cr | No read | |||
| Panchmahal Steel Ltd | — | ₹517 Cr | No read |
Frequently asked questions
What is Sunflag Iron & Steel Company Ltd's share price today?
Sunflag Iron & Steel Company Ltd trades at ₹345, +16.5% over the past year. The company is valued at ₹6,284 Cr. The stock sits at 67% of its 52-week range of ₹203–₹416, +16.1% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 11 weeks in. — as of 24 July 2026.
What were Sunflag Iron & Steel Company Ltd's latest quarterly results?
Sunflag Iron & Steel Company Ltd reported revenue of ₹1,001 Cr and net profit of ₹34.0 Cr for the Mar 26 quarter. Revenue rose 13.4% and profit fell 20.9% year on year. Earnings per share were ₹1.90. The operating margin was 12.0%, 1.0 pp higher than a year earlier. — as of 24 July 2026.
What is Sunflag Iron & Steel Company Ltd's revenue?
Sunflag Iron & Steel Company Ltd reported revenue of ₹1,001 Cr in the Mar 26 quarter, +13.4% year on year. For the full FY26 fiscal year, revenue was ₹3,939 Cr (+11.4%). Over the last 10 years revenue compounded at 10.0% a year. — as of 24 July 2026.
What is Sunflag Iron & Steel Company Ltd's profit?
Sunflag Iron & Steel Company Ltd earned ₹34.0 Cr of net profit in the Mar 26 quarter, −20.9% year on year. Full-year FY26 profit was ₹202 Cr. The operating margin ran 12.0% in the latest quarter. — as of 24 July 2026.
What is Sunflag Iron & Steel Company Ltd's market cap?
Sunflag Iron & Steel Company Ltd's market capitalisation is ₹6,284 Cr at a share price of ₹345. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.
What is Sunflag Iron & Steel Company Ltd's P/E ratio?
Sunflag Iron & Steel Company Ltd trades at a P/E of 30.2×, at the 94th percentile of its own 10-year range, against a long-run median of 12.1×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.
Does Sunflag Iron & Steel Company Ltd pay a dividend?
Yes — Sunflag Iron & Steel Company Ltd's dividend payout was 9% of profit in FY26, and it recorded a payout in 4 of its last 13 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 24 July 2026.
Is Sunflag Iron & Steel Company Ltd overvalued?
On its own history, Sunflag Iron & Steel Company Ltd looks expensive against its own history: its P/E of 30.2× sits at the 94th percentile of its 10-year range (long-run median 12.1×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 24 July 2026.
Is Sunflag Iron & Steel Company Ltd growing?
Yes — Sunflag Iron & Steel Company Ltd is growing: latest-quarter revenue +13.4% year on year, profit −20.9%, and the margin +1.0 pp at 12.0%. The 10-year compound rates are 10.0% (revenue) and 13.7% (profit). The earnings engine currently reads: improving — as of 24 July 2026.
How is Sunflag Iron & Steel Company Ltd performing?
Sunflag Iron & Steel Company Ltd is in a confirmed uptrend, 11 weeks in. Its latest quarter's revenue rose 13.4% and profit fell 20.9% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 4 weeks. — as of 24 July 2026.
What stage is Sunflag Iron & Steel Company Ltd in?
Mixed — no clean majority across the growth curves, ROCE slipping at 4.0% — the per-curve reads carry the story. The read comes from the last 12 quarters of growth (revenue growth +11.4% latest, profit growth +25.3% latest, eps growth +24.9% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.
Is Sunflag Iron & Steel Company Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 11 of stage 2), trading +16.1% versus its 200-day average and at 67% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.
Is Sunflag Iron & Steel Company Ltd beating the market?
Not lately — on a trailing-13-week view Sunflag Iron & Steel Company Ltd is currently behind the NIFTY 500 (4 weeks and counting; last ahead the week of 2026-06-25), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.3 years the stock moved +1,526% against the NIFTY 500's +274% — ahead of the index over the full window. — as of 24 July 2026.
Will Sunflag Iron & Steel Company Ltd's share price go up?
This page publishes no price forecast for Sunflag Iron & Steel Company Ltd. What it measures instead: the share price is ₹345, the price is in a confirmed uptrend 11 weeks in. Its P/E of 30.2× sits at the 94th percentile of its own 10-year range. — as of 24 July 2026.
Who owns Sunflag Iron & Steel Company Ltd?
Promoters hold 51.2% of Sunflag Iron & Steel Company Ltd, foreign institutions 0.9%, domestic institutions 0.2% and the public 47.8% (latest quarter). No holder moved a full point over the last two years — the register is quiet. — as of 24 July 2026.
Does Sunflag Iron & Steel Company Ltd have too much debt?
No — Sunflag Iron & Steel Company Ltd's debt-to-equity is 0.06, and operating profit covers the interest bill 7×. FY26 borrowings were ₹524 Cr against equity of ₹8,872 Cr. The returns on this page are earned, not borrowed — as of 24 July 2026.
What is Sunflag Iron & Steel Company Ltd's capex?
Sunflag Iron & Steel Company Ltd spent ₹327 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹122 Cr, with ₹214 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.
What is Sunflag Iron & Steel Company Ltd's cash flow?
Sunflag Iron & Steel Company Ltd generated ₹390 Cr of operating cash flow in FY26 and ₹268 Cr of free cash flow after ₹122 Cr of capital spending. Reported profit that year was ₹202 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 24 July 2026.
Is Sunflag Iron & Steel Company Ltd's profit real cash?
Yes — over the last 3 fiscal years, 162% of Sunflag Iron & Steel Company Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹390 Cr against reported profit of ₹202 Cr. The cash then goes into a mix of the working-capital cycle and capacity. Cash-flow resolution is annual — as of 24 July 2026.
Where is Sunflag Iron & Steel Company Ltd in its business cycle?
Sunflag Iron & Steel Company Ltd's FY26 operating margin was 12.0%, against a 13-year band of 10.0%–15.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 12.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.
What could break the Sunflag Iron & Steel Company Ltd story?
The sharpest disagreement: the engine is strong, but at the 94th percentile of its own range you are paying full price for it. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.
Is Sunflag Iron & Steel Company Ltd a stock worth studying right now?
This is not investment advice. The machine read: Sunflag Iron & Steel Company Ltd's earnings have outrun its stock. EPS grew +24.9% in a year against a +16.5% price move. The sharpest open question: whether the earnings grow into the multiple. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.