Suraj Products Multibagger stock : These Multibagger stocks offer high returns but also high risks. It is therefore advised to only invest in a company if its fundamentals are strong.
Suraj Products could be a good stock to keep an eye on if you are looking for a multibagger stock. In a short time, it can generate huge profits for its shareholders.
The company’s shares closed on Monday at Rs. 466.60, up 5 percent. The market capitalization of Rs. 532 crore.
What Has Been The Performance Of The Share?
In the last month, shares of Suraj Products increased by approximately 15.42%. The last six months have seen a return of 106.69%.
In the last year, investors have got a return of around 238.36 percent. The company also made a profit in the past 4 years of 1500 percent and in the previous 5 years, 2,256.57%. The share gave 4,141.82% return so far.
1 Lakh Became 58 Lakh
In June 2020 the price per share was Rs 7.66. On 26 March, 2021, the share price was only Rs 33.15. Today, it is Rs 466.60.
The money invested by the investors has increased in a significant amount in this period. If you invested Rs 1 lakh in this stock around 4 years ago, your investment would now be worth Rs 58 lakh.
Suraj Products Businesses
Suraj Products Limited produces sponge iron and iron pig at its facility located in the Sundargarh District of Odisha.
The company operates a vertically integrated continuous-casting facility that can produce 36,000 MTPA of sponge iron, 24,000. MTPA of pig-iron and 72.600 MTPA for each of the billets and TMT bar.
About Suraj Products Ltd
Suraj Products Limited is a steel-integrated manufacturer based in India. In 1991, Suraj Products Limited was established. It used to be known as Champion Cement Industries Limited.
In 2000, the company was renamed Suraj Products Limited. The headquarters of Suraj Products Limited company is in Sundergarh, Orissa.
Direct reduction of iron ore is used to produce sponge iron. The Company has a single business segment: finished products made from iron ore. The company produces TMT bars, sponge Iron, pig iron, as well as MS bills/ingots.
The company has a capacity of approximately 36,000 tonnes per annum. The iron plant can produce 24,000 TPA.
Fundamental Analysis of Suraj Products Ltd
| Market Cap | ₹ 532 Cr. |
| Current Price | ₹ 466.60 |
| 52-wk High | ₹ 467 |
| 52-wk Low | ₹ 116.50 |
| Stock P/E | 18.2 |
| Book Value | ₹ 103 |
| Dividend | 0.32 % |
| ROCE | 26.8 % |
| ROE | 28.7 % |
| Face Value | ₹ 10.0 |
| P/B Value | 4.49 |
| OPM | 16.0 % |
| EPS | ₹ 25.3 |
| Debt | ₹ 45.2 Cr. |
| Debt to Equity | 0.39 |
Suraj Products Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹460 | ₹490 |
| 2025 | ₹500 | ₹534 |
| 2026 | ₹545 | ₹576 |
| 2027 | ₹580 | ₹590 |
| 2028 | ₹600 | ₹636 |
| 2029 | ₹640 | ₹679 |
| 2030 | ₹700 | ₹780 |
Suraj Products Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 73.70% |
| Mar 2023 | 73.70% |
| June 2023 | 73.70% |
| Sept 2023 | 73.70% |
| Dec 2023 | 73.70% |
| DII Holding | |
| Dec 2022 | 0.02% |
| Mar 2023 | 0.02% |
| June 2023 | 0.02% |
| Sept 2023 | 0.02% |
| Dec 2023 | 0.02% |
| Public Holding | |
| Dec 2022 | 26.26% |
| Mar 2023 | 26.27% |
| June 2023 | 26.28% |
| Sept 2023 | 26.27% |
| Dec 2023 | 26.27% |
Suraj Products Ltd Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 116 Cr |
| 2020 | ₹ 118 Cr |
| 2021 | ₹ 218 Cr |
| 2022 | ₹ 237 Cr |
| 2023 | ₹ 328 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 6 Cr |
| 2020 | ₹ 5 Cr |
| 2021 | ₹ 9 Cr |
| 2022 | ₹ 24 Cr |
| 2023 | ₹ 29 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 1.46 |
| 2020 | 1.79 |
| 2021 | 1 |
| 2022 | 0.77 |
| 2023 | 0.51 |
Last 10 Years’ Profit Growth:
| 10 Years: | 42% |
| 5 Years: | 49% |
| 3 Years: | 70% |
| Current Year: | 20% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 18% |
| 5 Years: | 24% |
| 3 Years: | 28% |
| Last Year: | 29% |
Sales Growth Over 10 Years:
| 10 Years: | 14% |
| 5 Years: | 32% |
| 3 Years: | 34% |
| Current Year: | 31% |
Conclusion
This article is a complete guide about Suraj Products Ltd Share.
This information and forecasts are based on our research, company fundamentals, history, experiences, and various technical analyses.
Also, We have discussed the share’s prospects and growth potential in detail.
This information will help you in your further investment.
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