Suraj Industries Ltd (SURJIND)

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Suraj Industries Ltd (SURJIND) · mywealthgrid

About

Suraj Industries operates in breweries and distilleries within Consumer Staples, with market cap ₹269.71 Cr. Recent quarterly revenue is highly volatile (₹0.07–₹6.4 Cr), with most periods unprofitable and current operating margin of -5.99%.

Face value: ₹10

Market cap

₹268 Cr

P/E

—

P/B

1.8×

Dividend yield

ROE

-0.5%

ROCE

-0.2%

Debt / equity

1.18

OPM

2.7%

EPS (TTM)

₹-0.1

Book value

₹30.0

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margin -5.99% with net losses in 7 of 8 recent quarters indicates structural profitability challenges rather than cyclical weakness
Debt-to-equity of 1.15 combined with consistent losses limits financial flexibility to fund recovery or growth investments
PE of 67.09 is unusually elevated given negative current earnings; verify whether metric is distorted, reflects a data anomaly, or prices in speculative turnaround assumptions
Quarterly revenue ranges from ₹0.07 Cr to ₹6.4 Cr; identify root cause—whether cyclical demand, capacity constraints, or operational instability—to assess if volatility is reversible

Generated analysis · source review pending

Growth drivers

Mar 2021 quarter achieved OPM 3.75% and net profit ₹0.59 Cr, proving business can be profitable; verify whether this represents sustainable operational fix or temporary event and whether trend continued post-Jun 2026
Revenue reached ₹6.4 Cr in Mar 2021, demonstrating production capacity exists; identify what production or demand barriers limit this level in other quarters and whether they are addressable
Beverages sector in India has structural growth potential; verify company's distribution network, brand positioning, and category focus (premium vs. commodity) to assess ability to capture growth

Generated analysis · source review pending

1,279 historical price candles were omitted because the exchange source has not been verified.

₹55.2-0.7%1Y

Quick read

rule-based

Pros

+Revenue CAGR of 18% over the last 3 years

Cons

−Low return on equity of 5.4% (3-yr avg)
−Thin operating margin of 2.7%
−Weak interest coverage of -0.1×

Research score

Structured signal from quality, growth, valuation and momentum.

42/100

Business quality: 8
Growth: 72
Valuation: 46

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
United Spirits LimitedUNITDSPRUNITDSPR	₹97,115 Cr	₹97,121 Cr	₹28,118 Cr	₹2,281 Cr	8.2%	₹1,884 Cr	6.6%	27.2%	21.6%	63
Radico Khaitan LimitedRADICORADICO	₹56,733 Cr	₹57,065 Cr	₹21,531 Cr	₹1,138 Cr	4.9%	₹704 Cr	2.9%	26.2%	19.9%	113
United Breweries LimitedUBLUBL	₹31,432 Cr	₹32,607 Cr	₹18,002 Cr	₹777 Cr	4.6%	₹396 Cr	2.4%	12.7%	9.3%	86
Allied Blenders And Distillers LimitedABDLABDL	₹19,004 Cr	₹20,150 Cr	₹7,604 Cr	₹546 Cr	7.2%	₹221 Cr	2.9%	26.7%	14.2%	77
Tilaknagar Industries LimitedTITI	₹13,428 Cr	₹15,723 Cr	₹6,711 Cr	₹494 Cr	8%	₹-32 Cr	0.4%	11.7%	1.1%	107
Piccadily Agro Industries LimitedPICCADILPICCADIL	₹5,729 Cr	₹6,260 Cr	₹1,177 Cr	₹239 Cr	20.6%	₹141 Cr	12.1%	32.5%	24.8%	297
Globus Spirits LimitedGLOBUSSPRGLOBUSSPR	₹2,290 Cr	₹2,805 Cr	₹3,813 Cr	₹279 Cr	7.2%	₹101 Cr	2.5%	13.4%	8.8%	41
Gm Breweries LimitedGMBREWGMBREW	₹2,171 Cr	₹2,171 Cr	₹2,977 Cr	₹181 Cr	6.1%	₹157 Cr	5.3%	19.1%	14.5%	17
India Glycols LimitedINDIAGLYCOINDIAGLYCO	₹2,002 Cr	₹3,580 Cr	₹10,312 Cr	₹669 Cr	6.6%	₹316 Cr	3%	11.9%	11.3%	27
Som Distilleries & Breweries LimitedSDBLSDBL	₹1,558 Cr	₹1,770 Cr	₹2,026 Cr	₹30 Cr	3.7%	₹-30 Cr	0.5%	6.1%	1.2%	21
Associated Alcohols & Breweries Ltd.ASALCBRASALCBR	₹1,228 Cr	₹1,294 Cr	₹1,049 Cr	₹136 Cr	13.8%	₹83 Cr	8.6%	19.2%	14.6%	89
Sula Vineyards LimitedSULASULA	₹1,105 Cr	₹1,399 Cr	₹599 Cr	₹102 Cr	17.4%	₹25 Cr	4.3%	9.7%	4.4%	375

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	67	51	30	111
COGS	56	41	21	25
Gross profit	12	10	9	85
	4	7	11	79
	8	3	-2	7
OPM %	11.9%	6.5%	-6%	6.2%
Depreciation	1	1	1	4
Interest	1	1	0	5
	1	1	2	0
Profit before tax	10	5	4	-2
Tax	2	1	-0	-1
Tax %	22.6%	12.6%	-5.8%	-57%
	7	4	4	-1
PAT margin %	11%	8.7%	13.5%	-0.6%
EPS (₹)	—	—	—	-0.3
EPS adjusted (₹)	6	3.5	2.5	-0.2
Annual report	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	10	12	13	16	33
Reserves	—	27	36	57	112
Minority interest	—	26	26	27	3
	—	11	10	84	172
	—	28	7	8	21
Total equity & liabilities	—	103	92	192	342
	23	23	22	25	80
CWIP	—	12	32	115	189
Investments	—	6	9	15	37
	—	63	29	36	35
Total assets	—	103	92	192	342

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	7	-2	2	-3
	0	-18	-97	-127
	0	5	94	134
Net cash flow	7	-15	-2	4
Free cash flow	7	-14	-101	-115
CFO / Operating profit %	86.1%	-48.7%	—	-100.7%

Compounded sales growth

7 years: —
5 years: —
3 years: 18%
1 year: 273%

Return on equity

7 years: —
5 years: —
3 years: 3%
Last year: -1%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	17.2%	19.8%	30.5%	77.2%
EBITDA margin %	11.9%	6.5%	-6%	2.7%
EBIT margin %	10.1%	4%	-10.8%	-0.9%
PAT margin %	11%	8.7%	13.5%	-0.6%
Working capital
Receivable days	131	47	28	7
Inventory days	5	5	10	90
Payable days	139	34	0	76
NWC days	-2	18	38	21
Leverage
Current ratio	1.2	1.23	3.82	1.13
Debt to EBITDA	1.31	3.05	—	56.73
Debt to equity	0.27	0.21	1.15	1.18
Interest coverage	10.9	3	-3.4	-0.1
Asset turnover	0.65	0.55	0.15	0.32
Return ratios
Return on assets %	7.2%	4.8%	2.1%	-0.2%
Return on capital employed %	11.5%	4.4%	-1.2%	-0.2%
Return on equity %	19.1%	9%	5.5%	-0.5%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	51.22%	53.32%	53.32%	53.32%	46.01%	46.01%	46.04%	39.35%	39.35%	39.49%	39.48%	39.6%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	3.16%	3.16%	3.17%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0.03%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	48.78%	46.68%	46.68%	46.68%	53.99%	53.99%	53.96%	60.65%	60.65%	57.35%	57.36%	57.2%
No. of shareholders	—	—	—	—	—	—	—	—	17,402	17,703	17,691	17,495

Promoter holding down 11.62 percentage points since Sep 2023.

2 deals · 16 Jan 2026 – 16 Jan 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
16 Jan 2026	SARITA JAIN	Bulk	BSE	Sell	1,23,538	₹47.50	₹0.59 Cr
16 Jan 2026	G.S.P.INTERNATIONAL / ARUN JAIN	Bulk	BSE	Buy	1,23,538	₹47.50	₹0.59 Cr

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Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. Sanjay Kumar JainNon-Executive - Nominee Director-Chairperson
Mr. Suraj Prakash GuptaExecutive Director-MD
Mrs. Pooja SolankiNon-Executive - Independent Director
Mr. Vyom GoelNon-Executive - Non Independent Director
Mr. Ritesh GuptaExecutive Director-MD
Mr. Sanjeev MitlaNon-Executive - Independent Director
Mr. Somir BhaduriChief Financial Officer
Ms. Snehlata SharmaCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Suraj Industries Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Credit Rating of Material Subsidiary Company.25 Sept 2025

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results6 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

9 announcementsExport CSV

1 Oct 2026, 7:18 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

30 Sept 2026, 5:15 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

28 Sept 2026, 6:53 pmCompany Update

Announcement under Regulation 30 (LODR)-Acquisition

Acquisition PDF

28 Sept 2026, 6:51 pmOthers

Board Meeting Outcome for Outcome Of Board Meeting Held On September 28,2026.

Outcome without intimation PDF

8 Sept 2026, 3:38 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

7 Sept 2026, 5:42 pmCompany Update

Intimation Regarding Letter Dispatched To The Shareholders Of The Company As Per Regulation 36(1)(B) Of SEBI LODR Regulations, 2015.

General PDF

7 Sept 2026, 3:19 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

7 Sept 2026, 3:12 pmAGM/EGM

34Th AGM Of The Company Scheduled To Be Held On Sepetmber 30,2026 At 03:30 P.M.

AGM PDF

Date	Category	Subject	Filing
1 Oct 2026, 7:18 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
30 Sept 2026, 5:15 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF

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Suraj Industries Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Events

Board meetings1

Announcements

Ratio timeline

Not in the F&O segment

Board meetings1

No fund holdings on record

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Credit ratings

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Return on equity

1

1