Surya Roshni Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for SURYAROSNI, BSE:500336 Surya Roshni Ltd.

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Surya Roshni Ltd.

12 Nov 2025

270.45

-0.20%

Surya Roshni: Q2FY26 Result Review

Hold: Surya Roshni Ltd.

Target

IDBI Capital

Surya Roshni's Q2FY26 performance was below expectations. Revenue grew 21% YoY to Rs18.4bn, driven by a 24% YoY increase in steel pipes segment, while LCD segment grew by 7% YoY to Rs4bn. Consolidated EBITDA margin expanded 142bps YoY to 6.4%, driven by steel pipe segment. EBITDA/t for steel pipes increased by 73% YoY to Rs5,013/t, led by improved product mix (API pipes), pricing discipline and operational efficiencies despite a Rs500/t inventory loss. Management has further lowered its volume guidance for the steel pipe segment to 0.98 mnT due to the shortfall in Q1 and expects a consolidated...

Surya Roshni Ltd. is trading above its 30 day SMA of 263.9

Surya Roshni Ltd.

14 Aug 2025

270.45

-0.20%

Surya Roshni: Q1FY26 Result Review

Hold: Surya Roshni Ltd.

IDBI Capital

Surya Roshni's Q1FY26 performance was below expectations. Revenue declined by 15% YoY to Rs16bn, primarily due to a 20% YoY drop in the steel pipes segment. LCD segment grew by 3% YoY to Rs4bn. Consolidated EBITDA margin contracted 360bps YoY to 4.3%, dragged by both the segments. EBITDA/t for steel pipes fell by 52% YoY to Rs2,922/t, impacted by ~Rs1,000/t inventory loss and ~Rs2,000/t hit from lower volumes, higher fixed cost due to SAP implementation, and a higher share of low margin products. Management guided for 35%-38% YoY revenue growth in steel pipes for Q2FY26 but lowered FY26 sales volume guidance...