# Surya Roshni share price today (Surya Roshni Ltd, NSE: SURYAROSNI)

> Surya Roshni share price today: ₹204.67 at the NSE close on 3 November 2026, down 30.5% in a year. Surya Roshni (NSE: SURYAROSNI) is worth ₹4,451 crore, trades at a P/E of 14.3 and has closed between ₹195.56 and ₹301.05 over the past 52 weeks. > Surya Roshni Ltd's share price has fallen more than its earnings. Earnings per share fell 17.6% in a year while the price moved −30.5%. SURYAROSNI · Steel - Tubes/Pipes · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/surya-roshni-ltd

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## Key numbers

- Business trend: Turning around, from the last 12 quarters
- Price: ₹204.67 (−30.5% in a year)
- P/E: 14.3× (lower than 68% of the last 8.9 years)
- Revenue (Jun 2026): ₹2,046 Cr (+27.5% on a year ago)
- Profit (Jun 2026): ₹60.0 Cr (+76.5% on a year ago)
- Operating margin: 5.0% (+0.7 points on a year ago)
- ROCE: 16%, FY26
- ROIC: 13.0%, against a 12.0% cost of capital: +1.0 points

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. ## What is the Surya Roshni share price today? Surya Roshni Ltd's share price was ₹204.67 at the close on 3 November 2026. It has been falling for 16 weeks. That is 13.5% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹196 and ₹301, and at that close it sat 9% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 18 weeks running. Over the last 11 years the share price moved +515% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 10 July 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Surya Roshni this quarter? 1. Profit grew again in the June 2026 quarter Profit was ₹60 crore, +76.5% on a year earlier (₹34 crore), after 2 quarters of decline. Why: Profit grew because the steel pipe business sold more pipes and made more profit on each tonne. Next results: check steel profit per tonne recovers toward the planned range. From the earnings call on 11 Aug 2026. 3. Revenue up on a year earlier for 4 quarters in a row In the June 2026 quarter revenue was ₹2,046 crore, +27.5% on a year earlier. Why: Revenue grew because the steel pipe business sold more pipes. From the earnings call on 11 Aug 2026. ## What are Surya Roshni's latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Surya Roshni reported revenue of ₹2,046 crore, up 27.5% from ₹1,605 crore a year earlier, and a profit of ₹60.0 crore, up 76.5% from ₹34.0 crore. ### Surya Roshni results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹2,046 crore | ₹1,605 crore | +27.5% |
| Profit | ₹60.0 crore | ₹34.0 crore | +76.5% |
| Earnings per share | ₹2.74 | ₹1.55 | +76.8% |
| Operating margin | 5.0% | 4.3% | +0.7 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Surya Roshni's management discussed these results on a call held on 11 August 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Surya Roshni share price history? Surya Roshni closed at ₹204.67 on 3 November 2026, down 30.5% from ₹294.40 a year earlier (31 October 2025) and up 24.7% over five years. Its highest weekly close since March 2016 was ₹402.48 on 12 January 2024. ### Surya Roshni share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹195.56 | +4.7% |
| 1 month ago · 1 Oct 2026 | ₹220.67 | −7.3% |
| 6 months ago · 30 Apr 2026 | ₹250.12 | −18.2% |
| 1 year ago · 31 Oct 2025 | ₹294.40 | −30.5% |
| 3 years ago · 3 Nov 2023 | ₹266.00 | −23.1% |
| 5 years ago · 4 Nov 2021 | ₹164.13 | +24.7% |
| 10 years ago · 4 Nov 2016 | ₹55.65 | +267.8% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹33.30 | +514.6% |
| Highest weekly close since March 2016 · 12 Jan 2024 | ₹402.48 | −49.1% |
| Lowest weekly close since March 2016 · 27 Mar 2020 | ₹16.08 | +1,172.8% |
| 52-week high (weekly close) · 7 Nov 2025 | ₹301.05 | −32.0% |
| 52-week low (weekly close) · 23 Oct 2026 | ₹195.56 | +4.7% |

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (563 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Surya Roshni? 3 Nov 2026: Surya Roshni closed at ₹204.67, up 4.7% on the week and down 7.3% on the month. 21 Aug 2026: ex-date for a dividend of ₹2.50 a share. ### Earlier

- 11 Aug 2026: Surya Roshni held its results call for April to June 2026. Management guided: FY27 steel volume goal 11 lakh tonnes; quarterly phasing: Q2 minimum 2.6 lakh, Q3 2.8-2.9 lakh and Q4 3.2 lakh. - Results for April to June 2026: Revenue up 27.5% and profit up 76.5% on a year earlier. - 17 Nov 2025: ex-date for an interim dividend of ₹2.50 a share. - 1 Jan 2025: Bonus issue: 1 new share for every 1 held (ex-date). ## What dividend does Surya Roshni pay? Surya Roshni paid ₹5 a share in regular dividends in the 12 months to 4 November 2026 (2 payments), a yield of 2.44% at the ₹204.67 close on 3 November 2026. The last was a dividend of ₹2.50 a share, ex-date 21 August 2026. ### Surya Roshni dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 21 Aug 2026 | ₹2.50 | Dividend | same day |
| 17 Nov 2025 | ₹2.50 | Interim | same day |
| 4 Sep 2025 | ₹3 | Dividend | 5 Sep 2025 |
| 29 Nov 2024 | ₹2.50 | Interim | same day |
| 23 Aug 2024 | ₹2.50 | Dividend | same day |
| 10 Nov 2023 | ₹2.50 | Interim | same day |
| 25 Aug 2023 | ₹4 | Dividend | same day |
| 27 Jan 2023 | ₹3 | Interim | same day |
| 1 Sep 2022 | ₹4 | Dividend | 2 Sep 2022 |
| 2 Sep 2021 | ₹1.50 | Dividend | 3 Sep 2021 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Surya Roshni Ltd paid out 38% of its profit as dividends in FY26, and it paid a dividend in 12 of its last 13 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Surya Roshni management say on the latest results call? On the call for April to June 2026, held on 11 August 2026, Surya Roshni's management guided: FY27 steel volume goal 11 lakh tonnes; quarterly phasing: Q2 minimum 2.6 lakh, Q3 2.8-2.9 lakh and Q4 3.2 lakh. > “The company's money belongs to all the shareholders, and whatever wealth the company has will go to the shareholders.”
> Raju Bista, Managing Director, on the call for April to June 2026

### What management guided

- FY27 steel operating profit per tonne ₹4,600-4,700; Q2 ₹4,400-4,500; structural programs goal ₹1,100 per tonne cost reduction and 20% manpower-cost reduction over one year. - FY27 consolidated revenue ₹9,400-9,500 crore and operating profit ₹670-680 crore; Q2 operating profit approximately ₹150 crore and H2 ₹400 crore. - FY27 Lighting revenue ₹2,200 crore and operating profit ₹200 crore; value-growth guidance was 22-23% in opening remarks versus 19-20% in Q&A, with 25% volume growth. - FY27 wires revenue goal ₹250 crore, aligned with a three-year ₹500 crore goal. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/252/Conference Call/CC-Aug26.pdf). (From the call for April to June 2026, 11 August 2026.)

## What to watch in Surya Roshni's next results? When Surya Roshni reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Q2 steel volume reaches the stated minimum - check delayed port shipments and API/spiral order conversion. - What to check (from the call)
- Q2 steel volume reaches the stated minimum - check delayed port shipments and API/spiral order conversion. - Steel operating profit per tonne recovers toward the FY27 range - verify new freight-inclusive pricing and break-bulk execution. - DFT mills begin commissioning in the guided window - check capacity contribution, utilization and value-added mix. - Board clarity on buyback versus demerger - check whether macro conditions translate into a formal corporate-action step. ## Which stock lists is Surya Roshni on? Surya Roshni is on one of our India lists: Dividend stocks. [Dividend stocks Regular dividend yield (%): 2.43](https://www.sectoralpha.in/dividend-stocks-india)

## Is Surya Roshni profitable? Surya Roshni Ltd earned ₹60.0 Cr of net profit in the Jun 2026 quarter, +76.5% on the same quarter a year earlier. Full-year FY26 profit was ₹286 Cr. Over 13 years profit has grown 11.1% a year on average. That is 2.9% of the quarter's revenue. The same quarter a year earlier earned ₹34.0 Cr. For the full year, FY26 profit was ₹286 Cr (−17.6% on the year before). Why profit moved: revenue changed +27.5% on a year earlier and the margin moved +0.7 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +39.6% and revenue +13.1%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. ## How much revenue does Surya Roshni make, and is it growing? Surya Roshni Ltd reported ₹2,046 Cr of revenue in the Jun 2026 quarter, +27.5% on the same quarter a year earlier. That is the 4th quarter in a row with growth on the year before. Over 13 years it has grown 6.1% a year on average. The last full year, FY26, came in at ₹7,540 Cr. The last four reported quarters add to ₹7,981 Cr. FY26 revenue was ₹7,540 Cr, +1.4% on the year before. Recent pace: the last four quarters grew +13.1% on average, against 6.1% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +11.7%, against +1.0% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +8.3%, against −7.2% a year (accelerating). ## How much of every ₹100 of sales does Surya Roshni keep? Surya Roshni Ltd's operating margin was 5.0% in the Jun 2026 quarter, 0.7 percentage points higher than the same quarter a year ago. Across 13 years it has been between 6.0% and 9.0%. The latest quarter is below every full year in that period. Why the margin moved: operating margin changed +1.1 percentage points on the year while gross margin changed −2.0 points. So the gain came mostly from the gross margin, which means input costs and prices charged. ## Is Surya Roshni's profit turning into cash? Over the last 3 years, 140% of Surya Roshni Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹401 Cr of operating cash against ₹286 Cr of profit. After ₹154 Cr of spending on assets, ₹247 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 140% of profit came in as cash: the cash cycle stayed about the same between FY21 and FY26, so the cash follows profit, not the cycle. What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets. ## Where does Surya Roshni's cash go? Surya Roshni Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 78 days in FY26, down from 83 days in FY21. It spent ₹372 Cr on assets over the last 3 years. Customers take 45 days to pay, and stock sits for 64 days on average. At FY26 sales of ₹7,540 Cr, each day of that cycle ties up about ₹20.7 Cr, so roughly ₹1,611 Cr is tied up in the business at any time. FY26: customers took 45 days to pay and stock sat for 64 days, about 2.1 months of sales sitting as stock, for a full cycle of 78 days, shorter than FY21's 83. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 64 days. Customers pay about 45 days after that. Suppliers are paid at 31 days. Together that makes the 78-day cycle. Spending on assets: ₹372 Cr over the last 3 years, against ₹370 Cr of depreciation (the yearly wear and tear on existing assets). So it is building a little beyond replacing what wears out. Work still in progress is ₹30.0 Cr (FY26): assets paid for that are not earning yet. In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean. ## What is Surya Roshni's P/E ratio, and how does it compare with its own history? Surya Roshni Ltd's P/E is 14.3×, near the low end of its own history: it has been lower only 32% of the time. Its usual P/E (the middle reading) is 16.4×, over 8.9 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved −17.6% while the price moved −30.5%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +4.5% a year; about +9.8% a year came from earnings growth and about −5.3 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Surya Roshni business getting better or worse? Surya Roshni Ltd's business is turning around. Profit growth has swung from −16.0% at its low to +8.3%, rising from a low 5 quarters ago, with ROCE steady at 16.8%. This is based on 12 quarters of 4 measures. Why it matters: a turn in growth is often where a bigger change starts. The lines say a turn is forming, so the question is whether the next quarters confirm it. ## How much does Surya Roshni earn on its capital? Surya Roshni Ltd earned a ROCE of 16% in FY26. That is up from a low of 9% in FY12. Its return on capital used (ROIC) is 1.0 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 3.8% net margin and 2.13× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 3.8% net margin × 2.13× asset turnover × 1.35× leverage (assets divided by equity) ≈ 10.9% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 13.0% − 12.0% = +1.0 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error. The 13.0% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 11.8%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Surya Roshni have too much debt? Surya Roshni Ltd has total debt of ₹80.0 Cr against shareholder equity of ₹2,634 Cr as of Jun 2026, so its debt is 0.03× its equity, which is very little. Year by year, that ratio went from 0.38 in FY22 to 0.03 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Surya Roshni shareholding pattern? No group of Surya Roshni Ltd's owners changed its stake by a full percentage point over the last two years. Domestic institutions moved +0.5 points over the same period, to 1.5%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: −0.6 points over 8 quarters, to 4.3%; Domestic institutions: +0.5 points over 8 quarters, to 1.5%; Promoters: +0.1 points over 8 quarters, to 63.0%. ## How far is Surya Roshni from balance-sheet trouble? For Surya Roshni Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Surya Roshni rank in its industry? 39.1 out of 100, rank 12 of 15 in Steel - Tubes/Pipes, with 96% of the evidence available. Surya Roshni Ltd scores 39.1 out of 100 against the 15 companies it is compared with in Steel - Tubes/Pipes, ranking 12. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 17.6 + 11.1 + 7.1 + 3.3 = 39.1. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Surya Roshni compared with? Surya Roshni ranks 12 of 15 Steel - Tubes/Pipes companies on the 4-Factor Sector Score, with 39.1 out of 100. 1. [Sambhv Steel Tubes Ltd](https://www.sectoralpha.in/stocks/sambhv-steel-tubes-ltd) SAMBHV · breaking out · Most evidence points up · 93% evidence 74.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.4/35 · Revenue 41.9% · Profit 100% · Operating margin change 2 points · 100% evidence Capital efficiency 15.8/25 · ROCE 19.1% · Operating margin 12% · 100% evidence Valuation 9.6/20 · P/E 22.7× · PEG 1.74 · 65% evidence Relative strength 19.3/20 · Lead over its industry 27.9% · Lead over NIFTY 500 39% · 1 year 35.5% · 100% evidence · 12 of 12 weeks ahead Exact sum: 29.4 + 15.8 + 9.6 + 19.3 = 74.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [APL Apollo Tubes Ltd](https://www.sectoralpha.in/stocks/apl-apollo-tubes-ltd) APLAPOLLO · breaking out · Most evidence points up · 100% evidence 69.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.5/35 · Revenue 14.9% · Profit 24.8% · Operating margin change 0 points · 100% evidence Capital efficiency 20.8/25 · ROCE 31.8% · Operating margin 8% · 100% evidence Valuation 10.4/20 · P/E 45.9× · PEG 0.92 · 100% evidence Relative strength 15.4/20 · Lead over its industry 3.8% · Lead over NIFTY 500 14.7% · 1 year 20.9% · 100% evidence · 12 of 12 weeks ahead Exact sum: 22.5 + 20.8 + 10.4 + 15.4 = 69.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Man Industries (India) Ltd](https://www.sectoralpha.in/stocks/man-industries-indialtd) MANINDS · leader · Most evidence points up · 96% evidence 68.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.2/35 · Revenue 10.8% · Profit 25.9% · Operating margin change 7 points · 88% evidence Capital efficiency 14.9/25 · ROCE 16.2% · Operating margin 14% · 100% evidence Valuation 11.1/20 · P/E 26.6× · PEG 0.22 · 100% evidence Relative strength 19.7/20 · Lead over its industry 31% · Lead over NIFTY 500 40% · 1 year 76.6% · 100% evidence · 11 of 12 weeks ahead Exact sum: 23.2 + 14.9 + 11.1 + 19.7 = 68.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Gandhi Special Tubes Ltd](https://www.sectoralpha.in/stocks/gandhi-special-tubes-ltd) GANDHITUBE · breaking out · Most evidence points up · 96% evidence 67.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.1/35 · Revenue 11.1% · Profit 13.6% · Operating margin change 4 points · 88% evidence Capital efficiency 19.8/25 · ROCE 28.4% · Operating margin 47% · 100% evidence Valuation 16.6/20 · P/E 13.1× · PEG 0.85 · 100% evidence Relative strength 11.4/20 · Lead over its industry -1.2% · Lead over NIFTY 500 8.5% · 1 year -0.9% · 100% evidence · 8 of 12 weeks ahead Exact sum: 20.1 + 19.8 + 16.6 + 11.4 = 67.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [DEE Development Engineers Ltd](https://www.sectoralpha.in/stocks/dee-development-engineers-ltd) DEEDEV · quiet · Evidence leans up · 89% evidence 60.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.4/35 · Revenue 40.1% · Profit 50% · Operating margin change 1 points · 88% evidence Capital efficiency 9.1/25 · ROCE 10.7% · Operating margin 17% · 100% evidence Valuation 13.6/20 · P/E 46.6× · PEG 0.62 · 65% evidence Relative strength 11.8/20 · Lead over its industry 14.2% · Lead over NIFTY 500 20.2% · 1 year 96.8% · 100% evidence · 3 of 12 weeks ahead Exact sum: 26.4 + 9.1 + 13.6 + 11.8 = 60.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Venus Pipes & Tubes Ltd](https://www.sectoralpha.in/stocks/venus-pipes-tubes-ltd) VENUSPIPES · leader · Evidence leans up · 96% evidence 58.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.1/35 · Revenue 21.9% · Profit 14.3% · Operating margin change 0 points · 88% evidence Capital efficiency 20.8/25 · ROCE 21.3% · Operating margin 16% · 100% evidence Valuation 4.1/20 · P/E 39.9× · PEG 3.94 · 100% evidence Relative strength 17.3/20 · Lead over its industry 22.1% · Lead over NIFTY 500 31.6% · 1 year 41.3% · 100% evidence · 12 of 12 weeks ahead Exact sum: 16.1 + 20.8 + 4.1 + 17.3 = 58.3 · What this means: Relative strength against the index is 31.6%, and revenue and profit growth are weak. 7. [JTL Industries Ltd](https://www.sectoralpha.in/stocks/jtl-industries-ltd) JTLIND · breaking out · Evidence leans up · 78% evidence 56.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.6/35 · Revenue 19% · Profit 42.4% · Operating margin change 3.7 points · 83% evidence Capital efficiency 7.9/25 · ROCE 9.6% · Operating margin 8% · 76% evidence Valuation 12.4/20 · P/E 25.4× · PEG n/a · 50% evidence Relative strength 13.2/20 · Lead over its industry 3.4% · Lead over NIFTY 500 12.7% · 1 year 15.3% · 100% evidence · 12 of 12 weeks ahead Exact sum: 22.6 + 7.9 + 12.4 + 13.2 = 56.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Goodluck India Ltd](https://www.sectoralpha.in/stocks/goodluck-india-ltd) GOODLUCK · breaking out · Evidence leans up · 100% evidence 56.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.4/35 · Revenue 18.8% · Profit 31.3% · Operating margin change 0 points · 100% evidence Capital efficiency 12.8/25 · ROCE 14.4% · Operating margin 9% · 100% evidence Valuation 9.7/20 · P/E 23.4× · PEG 0.94 · 100% evidence Relative strength 13.1/20 · Lead over its industry 10.3% · Lead over NIFTY 500 20% · 1 year 17.9% · 100% evidence · 7 of 12 weeks ahead Exact sum: 20.4 + 12.8 + 9.7 + 13.1 = 56 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Hariom Pipe Industries Ltd](https://www.sectoralpha.in/stocks/hariom-pipe-industries-ltd) HARIOMPIPE · quiet · Evidence leans down · 81% evidence 47.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.1/35 · Revenue 10.8% · Profit 1.5% · Operating margin change 0 points · 88% evidence Capital efficiency 15.7/25 · ROCE 15.7% · Operating margin 12% · 100% evidence Valuation 10.3/20 · P/E 13.8× · PEG 3.05 · 100% evidence Relative strength 8.4/20 · Lead over its industry n/a · Lead over NIFTY 500 -9.6% · 1 year -30.9% · 25% evidence · 1 of 12 weeks ahead Exact sum: 13.1 + 15.7 + 10.3 + 8.4 = 47.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Maharashtra Seamless Ltd](https://www.sectoralpha.in/stocks/maharashtra-seamless-ltd) MAHSEAMLES · losing its lead · Evidence leans down · 96% evidence 43.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.0/35 · Revenue -12.2% · Profit -16.1% · Operating margin change 2 points · 88% evidence Capital efficiency 12.2/25 · ROCE 14.3% · Operating margin 16% · 100% evidence Valuation 15.7/20 · P/E 9.8× · PEG 0.78 · 100% evidence Relative strength 5.6/20 · Lead over its industry -13.8% · Lead over NIFTY 500 -5.3% · 1 year -5.2% · 100% evidence · 6 of 12 weeks ahead Exact sum: 10 + 12.2 + 15.7 + 5.6 = 43.5 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 11. [Scoda Tubes Ltd](https://www.sectoralpha.in/stocks/scoda-tubes-ltd) SCODATUBES · quiet · Evidence leans down · 64% evidence 43.2 out of 100 Growth Capital Valuation Relative
12. Surya Roshni Ltd this page SURYAROSNI · basing · Evidence leans down · 96% evidence 39.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.6/35 · Revenue 11.7% · Profit 8.3% · Operating margin change 0.7 points · 88% evidence Capital efficiency 11.1/25 · ROCE 15.6% · Operating margin 5% · 100% evidence Valuation 7.1/20 · P/E 14.2× · PEG 4.08 · 100% evidence Relative strength 3.3/20 · Lead over its industry -19.6% · Lead over NIFTY 500 -10.7% · 1 year -30.8% · 100% evidence · 0 of 12 weeks ahead Exact sum: 17.6 + 11.1 + 7.1 + 3.3 = 39.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 13. [Hi-Tech Pipes Ltd](https://www.sectoralpha.in/stocks/hi-tech-pipes-ltd) HITECH · basing · Most evidence points down · 96% evidence 34.4 out of 100 Growth Capital Valuation Relative
14. [Welspun Specialty Solutions Ltd](https://www.sectoralpha.in/stocks/welspun-specialty-solutions-ltd) WELSPLSOL · losing its lead · Most evidence points down · 83% evidence 28.9 out of 100 Growth Capital Valuation Relative
15. [Rama Steel Tubes Ltd](https://www.sectoralpha.in/stocks/rama-steel-tubes-ltd) RAMASTEEL · quiet · Most evidence points down · 96% evidence 24.2 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Steel - Tubes/Pipes](https://www.sectoralpha.in/sectors/steel-tubes-pipes), all 15 compared on one page. ## Which companies are close to Surya Roshni in size? Surya Roshni is the 6th largest of 15 Steel - Tubes/Pipes companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Man Industries (India), Goodluck India and Sambhv Steel Tubes. Just below it: Venus Pipes & Tubes, DEE Development Engineers and JTL Industries. ### Steel - Tubes/Pipes companies close in size

1. [Man Industries (India) Ltd](https://www.sectoralpha.in/stocks/man-industries-indialtd) ₹5,443 crore
2. [Goodluck India Ltd](https://www.sectoralpha.in/stocks/goodluck-india-ltd) ₹4,923 crore
3. [Sambhv Steel Tubes Ltd](https://www.sectoralpha.in/stocks/sambhv-steel-tubes-ltd) ₹4,487 crore
4. Surya Roshni Ltd ₹4,436 crore
5. [Venus Pipes & Tubes Ltd](https://www.sectoralpha.in/stocks/venus-pipes-tubes-ltd) ₹4,147 crore
6. [DEE Development Engineers Ltd](https://www.sectoralpha.in/stocks/dee-development-engineers-ltd) ₹3,818 crore
7. [JTL Industries Ltd](https://www.sectoralpha.in/stocks/jtl-industries-ltd) ₹2,915 crore

[All 15 Steel - Tubes/Pipes companies, largest first](https://www.sectoralpha.in/sectors/steel-tubes-pipes#all-companies)

### Companies close in size in other industries

1. [Praj Industries Ltd](https://www.sectoralpha.in/stocks/praj-industries-ltd) ₹4,443 crore · Capital Goods - Engineering Heavy
2. [MAS Financial Services Ltd](https://www.sectoralpha.in/stocks/mas-financial-services-ltd) ₹4,439 crore · Finance & Investments - MSME Lending
3. Surya Roshni Ltd ₹4,436 crore
4. [Mastek Ltd](https://www.sectoralpha.in/stocks/mastek-ltd) ₹4,433 crore · IT - Software
5. [Foseco India Ltd](https://www.sectoralpha.in/stocks/foseco-india-ltd) ₹4,419 crore · Chemicals - Organic

## What else do people ask about Surya Roshni? ### What is Surya Roshni's share price today? Surya Roshni Ltd's share price is ₹204.67, −30.5% over the past year. The whole company is worth ₹4,451 Cr on the market. In the last 52 weeks it traded between ₹196 to ₹301; today it is 9% of the way up from the low, 13.5% below its 200-day average (as of 3 November 2026). ### What were Surya Roshni's latest quarterly results? Surya Roshni Ltd reported revenue of ₹2,046 Cr and net profit of ₹60.0 Cr for the Jun 2026 quarter. Revenue rose 27.5% and profit rose 76.5% compared with a year earlier. Earnings per share were ₹2.74. The operating margin was 5.0%, 0.7 percentage points higher than a year earlier (as of 3 November 2026). ### What is Surya Roshni's market cap? Surya Roshni Ltd's market capitalisation is ₹4,451 Cr at a share price of ₹204.67. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Surya Roshni performing? Surya Roshni Ltd's share price has been falling for 16 weeks. In its latest quarter, revenue rose 27.5% and profit rose 76.5% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 18 weeks running (as of 3 November 2026). ### Will Surya Roshni's share price go up? This page does not forecast Surya Roshni Ltd's share price. What it shows instead: the share price is ₹204.67, and it has been falling for 16 weeks. Its P/E of 14.3× is higher than 32% of its own last 9 years (as of 3 November 2026). ### Where is Surya Roshni in its business cycle? Surya Roshni Ltd's FY26 operating margin was 6.0%, against a 13-year range of 6.0% to 9.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 5.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Surya Roshni story? Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Surya Roshni a stock worth studying right now? What the numbers show: Surya Roshni Ltd's share price has fallen more than its earnings. Earnings per share fell 17.6% in a year while the price moved −30.5%. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Surya Roshni share price forecast for 2026? What management itself guided: FY27 steel volume goal 11 lakh tonnes; quarterly phasing: Q2 minimum 2.6 lakh, Q3 2.8-2.9 lakh and Q4 3.2 lakh. ## Lists

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