Current price is less than the intrinsic value

Intrinsic value

Stock has been generating better return on equity than bank FD

ROE vs FD rates

Stock doesn't offer attractive dividend returns

Dividend Returns

Good time to consider, as stock is not in overbought zone

Entry point

Stock not in ASM/GSM lists and not a lot of promoter holding is pledged

No Red Flags

Metro Brands will turn ex-dividend today. Metro Brands had announced an interim dividend of Re 2.50 per share. The record date for the same is January 28.

Metro Brands, Surya Roshni shares to go ex-dividend; Vedanta, Bajaj Finance, Fineotex Chemical Q3 results today

Surya Roshni said that it has received orders worth Rs 147.30 crore for supplying API 5L grade coated pipes to IOCL and powder coated GI pipes to GAIL (India).

Surya Roshni bags an order worth Rs 147 cr

Total expenses were at Rs 1,899.51 crore, down 3.91 per cent in the December quarter of 2022-23 compared to the year-ago period

Surya Roshni Q3 net up over two-fold to Rs 89.6 cr; revenue at Rs 2,021 cr

Mukul Agrawal owned Surya Roshni 9,31,631 shares or 1.71 per cent stake of Surya Roshni as on December 31, 2022 and bought another 2.25 lakh shares of the company between October-December 2022 period

Mukul Agrawal bought 2 stocks in Q3, trimmed stakes in 2 others

Agrawal joins Surya from Luminous Power Technology Pvt Ltd, where he was senior vice president and responsible for the company’s home electrical business

Jitendra Agrawal new CEO of Surya Roshni’s lighting, consumer durables biz

Its steel pipes segment Ebitda/tonne jumped 30% YoY to Rs 5,259 led by strong growth in value added products (mainly API pipes).

Surya Roshni Q2 Results Review - Steel Profitability Improves Remarkably: IDBI Capital

Surya Roshni consolidated net profit rises 53.52% in the September 2022 quarter

Company’s short-term rating on instruments worth Rs1,014.32 crore has been reaffirmed at ‘CARE A1+’.

CARE reaffirms rating on Surya Roshni’s facilities worth Rs2,214 crore; stock gains ~1%

GMM Pfaudler Ltd, Kalpataru Power Transmission Ltd, Surya Roshni Ltd and Esab India Ltd are among the other gainers in the BSE’s ‘A’ group today, 06 September 2022.

Shree Renuka Sugars Ltd leads gainers in ‘A’ group

NELCO Ltd, Aegis Logistics Ltd, Surya Roshni Ltd and Suven Pharmaceuticals Ltd are among the other gainers in the BSE’s ‘A’ group today, 29 August 2022.

Mazagon Dock Shipbuilders Ltd leads gainers in ‘A’ group

The stock surged saw its biggest one-day jump in 11 months, with volumes rising by 40 times the 20-day average volume due to healthy business outlook comments for FY23. Strong demand across water, oil & gas pipes especially on exports for the steel pipes and steel strips business, especially for USA and Canada. DFT manufacturing facility at Gwalior to enhance margins and focus will be to increase the mix of value-added products. To achieve 100% plant utilization levels in FY23. For the consumer durables and lighting business, there will be aggressive channel financing and the focus will be to increase market share in fans and appliances.
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Surya Roshni Ltd

Surya Roshni Ltd

Intrinsic value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Metro Brands, Surya Roshni shares to go ex-dividend; Vedanta, Bajaj Finance, Fineotex Chemical Q3 results today

Surya Roshni bags an order worth Rs 147 cr

Surya Roshni Q3 net up over two-fold to Rs 89.6 cr; revenue at Rs 2,021 cr

Mukul Agrawal bought 2 stocks in Q3, trimmed stakes in 2 others

Jitendra Agrawal new CEO of Surya Roshni’s lighting, consumer durables biz

Surya Roshni Q2 Results Review - Steel Profitability Improves Remarkably: IDBI Capital

Surya Roshni consolidated net profit rises 53.52% in the September 2022 quarter

CARE reaffirms rating on Surya Roshni’s facilities worth Rs2,214 crore; stock gains ~1%

Shree Renuka Sugars Ltd leads gainers in ‘A’ group

Surya Roshni Ltd

Intrinsic valueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry pointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Metro Brands, Surya Roshni shares to go ex-dividend; Vedanta, Bajaj Finance, Fineotex Chemical Q3 results today

Surya Roshni bags an order worth Rs 147 cr

Surya Roshni Q3 net up over two-fold to Rs 89.6 cr; revenue at Rs 2,021 cr

Mukul Agrawal bought 2 stocks in Q3, trimmed stakes in 2 others

Jitendra Agrawal new CEO of Surya Roshni’s lighting, consumer durables biz

Surya Roshni Q2 Results Review - Steel Profitability Improves Remarkably: IDBI Capital

Surya Roshni consolidated net profit rises 53.52% in the September 2022 quarter

CARE reaffirms rating on Surya Roshni’s facilities worth Rs2,214 crore; stock gains ~1%

Shree Renuka Sugars Ltd leads gainers in ‘A’ group

Intrinsic value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock