This leading pipe manufacturer’s stock jumped over 7% on Wednesday after winning a Rs 75.4 crore order from Gujarat Gas for supplying coated steel pipes across various locations. With the market capitalization of Rs 7,600 Crores, the shares of Surya Roshni Limited jumped over 7% making an intraday high of Rs 358.30 per share from its previous closing price of Rs 333.95 per share.
Surya Roshni Ltd has received new orders worth Rs 75.40 crore (including GST) from Gujarat Gas Limited for the supply of 3LPE coated ERW steel pipes in various sizes. These pipes will be delivered across multiple Gujarat Gas locations, and the order is expected to be completed within 34 weeks.
Surya Roshni, founded in 1973, is one of India’s most trusted names in steel pipes, lighting, PVC pipes, and consumer electricals. The company started with making steel tubes and exports to over 50 countries.
It is the largest manufacturer of ERW GI pipes and top exporter of ERW pipes from India, operating under the well-known ‘Prakash Surya’ brand. Surya has a strong pan-India presence with over 21,000 dealers, 250+ distributors, and 4 manufacturing units in Haryana, Madhya Pradesh, Gujarat, and Andhra Pradesh.
With a capacity of 13 lakh MTPA, the company offers a wide range of pipe products including structural, GI, API grade, spiral pipes, and CR strips. Around 43% of its revenue comes from value-added products, and it has an order book of Rs 650 crore in the oil & gas, water, and export sectors.
Coming to the financials, the company reported a 4.8% decline in revenue, falling from Rs 7,809 crore in FY24 to Rs 7,435 crore in FY25. Net profit saw a 5.78 percent jump to Rs 348 crore, compared to Rs 329 crore a year ago. The company reports a healthy ROCE of 20.9 percent and ROE of 15.1 percent.
Written By: Rohan Pandey
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