Surya Roshni Limited (500336) Fair Value & Analysis
Basic Materials · IN · Market cap ₹11.0B
Fair value as of: Aug 14, 2026
From 26 valuation models · updated 4 days ago
Share price −10.4% over the past month.
Below-average quality, screening 195% undervalued on our models.
What matters now
- The price is below even our cautious bear case (₹430.77). The market is more pessimistic than our downside scenario.
- Solid quality (48/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range (₹430.77 to ₹957.16) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 14, 2026.
How to read this chart
60‑month range ₹81.79 – ₹403.88 · fair‑value band ₹430.77 – ₹957.16 · the ₹221.15 price screens below the ₹652.46 fair value. Dashed = 300-day average. As of Aug 14, 2026.
Analysis
Surya Roshni Limited (500336) currently trades at ₹221.15, while our model-based Fair Value estimate is ₹652.46, implying the stock looks roughly 195.0% undervalued today. The Quality Score stands at 48/100 (below-average quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, Surya Roshni Limited generated revenue of ₹50.0B at a net margin of 2.1%. Revenue grew 3.9% year over year. It earns a return on equity of 8.6%. The stock trades on a trailing P/E of 13.2 (as of Aug 14, 2026). Fundamentals as of Aug 14, 2026
Our scenario range runs from ₹430.77 (bear case) to ₹957.16 (bull case); at ₹221.15, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 29% below its 52-week high and 18% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -49% fair-value upside, at 195%, 500336 screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 26 models by family
Widest divergence: Multiples (₹1,083) versus Dividend Discount (₹144.66). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 14, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 51 · Market factors (momentum, volatility) 22
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Surya Roshni Limited manufactures and markets steel pipes and tubes, lighting products, fans, home appliances, and PVC pipes in India. The company operates through Steel Pipe and Strips; and Lighting and Consumer Durables segments.
Full company description
Surya Roshni Limited manufactures and markets steel pipes and tubes, lighting products, fans, home appliances, and PVC pipes in India. The company operates through Steel Pipe and Strips; and Lighting and Consumer Durables segments. It offers ERW pipes for agriculture industry and construction activities, such as scaffolding and casing in bore wells; hollow section pipes; spiral welded pipes for transportation of oil, gas, and water, as well as structural and industrial applications; and cold rolled strips and sheets. The company also provides various LED lamps, fittings, down lighters, and power drivers/strips; FTL fittings, starters/ballasts, CFLs, FTL, and GLS lamps; extension board, holder, and immersion heater; irons, torches, and lanterns; indoor commercial, industrial, roadway, flood, landscape, and solar lightening products; and accessories, HID lamps, light sources, and high masts and poles. In addition, it offers celling, table/pedestal/wall, and domestic and industrial exhaust fans; and home appliances, including mixer grinders, juicer mixer grinders, dry and steam irons, induction cooktops, sandwich makers, pop-up toasters, storage and instant water heaters, immersion water heaters, air cooler, oil filled radiators, heat convectors, halogen and quartz heaters, and electric kettles. Further, the company provides CPVC, and uPVC plumbing and SWR pipes, as well as related fittings; and uPVC pressure piping systems. It exports its products to approximately 50 countries worldwide. Surya Roshni Limited was founded in 1973 and is headquartered in New Delhi, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Surya Roshni Limited reported revenue of ₹74.4B in FY2025 versus ₹55.6B in FY2021, a compound +7.5%/yr. Reported net income was ₹3.5B in FY2025, compounding +21.6%/yr from FY2021.
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Peer Group
Materials · 3561 stocks
How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Steel & Iron” was too small, so the broader sector is used.)
Valuation Multiples vs Materials median · lower = cheaper
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Steel & Iron stocks, each showing price versus our Fair Value estimate (as of Aug 14, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Steel Authority of India Limited 500113 | ₹174.00 | ₹89.25 | -49% |
| Mukand Limited 500460 | ₹135.65 | ₹80.48 | -41% |
| Steelcast Limited 513517 | ₹354.10 | ₹365.70 | +3% |
| Uni Abex Alloy Products Limited 504605 | ₹4,574 | ₹3,296 | -28% |
| Panchmahal Steel Limited 513511 | ₹298.55 | ₹36.13 | -88% |
| Bhagwati Autocast Limited 504646 | ₹692.10 | ₹664.13 | -4% |
| Facor Alloys Limited 532656 | ₹3.21 | ₹1.15 | -64% |
| S.A.L. Steel Limited 532604 | ₹71.88 | ₹7.81 | -89% |
| Rathi Bars Limited 532918 | ₹19.05 | ₹4.56 | -76% |
| Rishabh Digha Steel And Allied Products Limited 531539 | ₹36.10 | ₹7.61 | -79% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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