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.

26 May 2026

207.48

0.03%

Surya Roshni: Q4FY26 Result Review

Hold: Surya Roshni Ltd.

Target

IDBI Capital

Surya Roshni's Q4FY26 performance was below expectations. Revenue remained flat YoY at Rs21.6bn, driven by a 9% YoY growth in LCD revenue, while steel pipes segment declined 2% YoY due to export disruptions arising from West Asia conflict. Consolidated EBITDA margin contracted 230bps YoY to 7.1%, impacted by elevated input costs and higher employee costs (+8% YoY). Steel pipes EBITDA/t declined 1% YoY to Rs5,121/t, due to lower realisation. Management reiterated FY27 volume guidance of 1.1mnT, supported by improving export visibility and stronger order book. We cut FY26E/FY27E...

Surya Roshni has lost -26.28% in the last 1 Year

Surya Roshni Ltd.

12 Feb 2026

207.48

0.03%

Surya Roshni: Q3FY26 Result Review -

Hold: Surya Roshni Ltd.

Target

IDBI Capital

Surya Roshni's Q3FY26 performance was below expectations. Revenue grew 3% YoY to Rs19.2bn, driven by a 2% YoY increase in steel pipes revenue, while LCD segment grew by 6% YoY to Rs4.7bn. Consolidated EBITDA margin contracted 49bps YoY to 7.5%, owing to higher employee costs. EBITDA/t for steel pipes decreased by 7% YoY to Rs4,810/t, due to decline in high margin API and 3 LPE pipe segments, and an inventory loss of Rs500/t. Management has further lowered its FY26 volume guidance for the steel pipe segment to 0.93-0.94 mnT Vs 1.1mnT guidance at the start of the fiscal year. We cut FY26E/FY27E EBITDA...

Surya Roshni Ltd. has an average target of 221.00 from 1 broker.

Surya Roshni Ltd.

12 Nov 2025

207.48

0.03%

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. has an average target of 221.00 from 1 broker.

Surya Roshni Ltd.

14 Aug 2025, 12:00AM

207.48

0.03%

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...