Sunflag Iron & Steel Company
Metals & Mining
SUNFLAG NSE
₹391.90 No trade today
- P/E
- 34.32
Close 4 Nov 2026 ₹391.90 +132.80 +51.3% 1Y
Start ₹259.10
Key Fundamentals
MicrocapFerrous MetalsMetals & MiningPrice-based figures as of · EPS basis: Consolidated · TTM
- ROCE
- 4.07%
- Debt to Equity
- 0.06
- EPS (TTM)
- ₹11.42
- Book Value
- ₹474.06
- Market Cap
- —
- P/E (TTM)
- 34.32
- P/B
- 0.83
- ROE
- 2.37%
- Dividend Yield
- 0.26%
- EBITDA
- ₹493 Cr
- 52W High
- ₹479.10
- 52W Low
- ₹192.15
- Volume
- 0
Peer Comparison
Industrials › Metals & Mining › Iron & Steel › Iron & Steel Products
| ₹2,400.00 | 27.41 | ₹60,980 Cr | 5.96 | 0.22% | 19.40% | 22.90% | ₹17,300 Cr | ₹2,319 Cr | |
| ₹2,199.80 | 49.69 | ₹60,246 Cr | 10.64 | 0.39% | 25.40% | 31.80% | ₹23,065 Cr | ₹1,229 Cr | |
| ₹1,231.40 | 30.60 | ₹34,478 Cr | 2.78 | 0.15% | 9.70% | 13.00% | ₹19,584 Cr | ₹1,121 Cr | |
| ₹2,449.40 | 39.67 | ₹17,025 Cr | 4.18 | 0.42% | 12.60% | 17.90% | ₹4,314 Cr | ₹514 Cr | |
| ₹253.22 | 29.51 | ₹15,754 Cr | 1.28 | 0.81% | 8.20% | 10.40% | ₹18,501 Cr | ₹498 Cr | |
| ₹486.00 | 29.21 | ₹14,245 Cr | 4.49 | 0.81% | 15.10% | 19.50% | ₹3,837 Cr | ₹508 Cr | |
| ₹529.15 | 29.28 | ₹12,939 Cr | 3.66 | 0.38% | 15.60% | 18.20% | ₹4,437 Cr | ₹436 Cr | |
| Sunflag Iron & Steel Company (this company) | ₹391.90 | 34.32 | ₹7,026 Cr | 0.83 | 0.26% | 2.37% | 4.07% | ₹3,995 Cr | ₹206 Cr |
| Median 8 companies | ₹880.28 | 30.06 | ₹16,390 Cr | 3.92 | 0.39% | 13.85% | 18.05% | ₹10,869 Cr | ₹511 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
51 Average
Data confidence 100/100
Category scores
- Quality
- 54
- Average
- Returns, margins, earnings quality 22% weight
- Valuation
- 67
- Strong
- Cheap vs sector & own history 24% weight
- Growth
- 34
- Poor
- Sales & profit trajectory 9% weight
- Financial Health
- 45
- Average
- Solvency, leverage, coverage 9% weight
- Momentum
- 48
- Average
- Trend strength, vol-adjusted 12% weight
- Ownership
- 47
- Average
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
3- Company is almost debt free.
- Stock is trading at 0.82 times its book value
- Market value of investments Rs.7,630 Cr. is more than the Market Cap Rs.7,111 Cr.
Weaknesses
2- Company has a low return on equity of 2.57% over last 3 years.
- Dividend payout has been low at 5.75% of profits over last 3 years
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Neutral | 6 | 7 | 6 |
| Oscillators | Bearish | 2 | 7 | 0 |
| Moving Averages | Strong Bullish | 4 | 0 | 6 |
Oscillators
Bearish
Bearish
2
Neutral
7
Bullish
0
Overall
Neutral
Bearish
6
Neutral
7
Bullish
6
Moving Averages
Strong Bullish
Bearish
4
Neutral
0
Bullish
6
Key readings
- RSI (14)
- 46.63
- Neutral
- MACD (12,26,9)
- −3.45
- Bearish
- SMA (50)
- 387.83
- Bullish
- SMA (200)
- 325.96
- Bullish
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | +9.96% |
|---|---|
| 5Y | +15.80% |
| 3Y | +4.14% |
| 1Y | +11.40% |
| TTM | +9.03% |
Net profit
| 10Y | +13.69% |
|---|---|
| 5Y | +7.45% |
| 3Y | −43.42% |
| 1Y | +24.69% |
| TTM | +4.57% |
Operating cash flow
| 10Y | +5.15% |
|---|---|
| 5Y | +11.83% |
| 3Y | +11.95% |
| 1Y | +103.13% |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | +0.43 pp |
|---|---|
| 5Y | −1.31 pp |
| 3Y | −0.68 pp |
| 1Y | +1.11 pp |
| TTM | +0.23 pp |
Revenue by year
| Mar 2017 | ₹1,456 Cr |
|---|---|
| Mar 2018 | ₹2,018 Cr |
| Mar 2019 | ₹2,186 Cr |
| Mar 2020 | ₹1,758 Cr |
| Mar 2021 | ₹1,892 Cr |
| Mar 2022 | ₹2,698 Cr |
| Mar 2023 | ₹3,488 Cr |
| Mar 2024 | ₹3,415 Cr |
| Mar 2025 | ₹3,536 Cr |
| Mar 2026 | ₹3,939 Cr |
Net profit by year
| Mar 2017 | ₹65.00 Cr |
|---|---|
| Mar 2018 | ₹129 Cr |
| Mar 2019 | ₹110 Cr |
| Mar 2020 | ₹92.00 Cr |
| Mar 2021 | ₹141 Cr |
| Mar 2022 | ₹217 Cr |
| Mar 2023 | ₹1,115 Cr |
| Mar 2024 | ₹144 Cr |
| Mar 2025 | ₹162 Cr |
| Mar 2026 | ₹202 Cr |
AI Analysis — Bull vs Bear
Generated 31 Jul 2026
AI opinion · based on fundamentals
Risk medium
Sunflag Iron & Steel has a market cap of Rs.6,506 Cr with a P/E of 31.9x and P/B of 0.76x. The company is virtually debt-free and its investment portfolio (Rs.7,724 Cr) exceeds its market capitalization, but return on equity has remained subdued at around 2-3% over recent years despite a 10-year stock CAGR of 29%.
Bull Case 8
- Company is almost debt-free, reducing financial risk and interest burden significantly
- Stock trades at 0.73x book value, well below asset replacement cost, indicating potential undervaluation on a balance sheet basis
- Market value of investments at Rs.7,724 Cr exceeds the market cap of Rs.6,448 Cr, implying the core steel business is being valued at effectively zero or negative
- 10-year stock price CAGR of 29% demonstrates sustained long-term wealth creation for shareholders
- TTM sales growth of 11% shows revenue momentum recovering after a 3-year CAGR of just 4%
- TTM profit growth of 28% indicates a sharp earnings recovery from the negative 3-year profit CAGR of -2%
- 5-year compounded sales growth of 16% reflects reasonable top-line expansion through a full business cycle
- 10-year compounded profit growth of 14% shows the company has been able to grow earnings meaningfully over longer periods despite cyclicality
Bear Case 7
- Return on equity averaged just 2.56% over the last 3 years and was only 2% last year, indicating very poor capital efficiency
- P/E of 31.9x is elevated for a steel company with sub-3% ROE, suggesting the stock prices in significant earnings improvement that may not materialize
- Dividend payout of only 5.75% of profits over the last 3 years signals limited shareholder returns and low management confidence in distributing cash
- Dividend yield of just 0.21% offers negligible income return to shareholders
- 3-year compounded profit growth of -2% shows earnings actually declined over the medium term despite revenue growing at 4% CAGR
- 3-year ROE of 3% and 5-year ROE of 4% suggest structurally low profitability rather than a temporary cyclical dip
- Steel sector is inherently cyclical and capital-intensive, and the company's 10-year ROE of only 5% indicates it has not earned meaningfully above cost of capital even through up-cycles
This is AI-generated analysis, not financial advice. Do your own due diligence.
Quarterly Results
₹ Cr| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 784 | 858 | 854 | 919 | 895 | 866 | 892 | 883 | 1,023 | 973 | 942 | 1,001 | 1,079 |
| Expenses | 704 | 759 | 757 | 820 | 815 | 767 | 782 | 783 | 903 | 872 | 810 | 877 | 960 |
| Operating Profit | 80 | 99 | 97 | 99 | 80 | 98 | 110 | 100 | 120 | 101 | 132 | 124 | 119 |
| OPM % | 10% | 12% | 11% | 11% | 9% | 11% | 12% | 11% | 12% | 10% | 14% | 12% | 11% |
| Other Income | 4.26 | 1 | 1 | 2 | 3 | 8 | 3 | 3 | 10 | 2 | −6 | 3 | 13 |
| Interest | 24 | 23 | 26 | 24 | 21 | 25 | 22 | 22 | 21 | 17 | 17 | 18 | 14 |
| Depreciation | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 27 | 27 | 31 | 28 | 30 |
| PBT | 33 | 51 | 47 | 51 | 35 | 55.64 | 66 | 55 | 82 | 59 | 78 | 81 | 88 |
| Tax % | 23% | 25% | 23% | 17% | 21% | 26% | 24% | 22% | 24% | 23% | 23% | 58% | 25% |
| Net Profit | 26 | 39 | 36 | 43 | 28 | 41 | 50 | 43 | 63 | 46 | 60 | 34 | 66 |
| EPS (₹) | 1.43 | 2.15 | 2 | 2.38 | 1.55 | 2.26 | 2.78 | 2.4 | 3.47 | 2.53 | 3.33 | 1.9 | 3.66 |
Profit & Loss
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,640 | 1,524 | 1,456 | 2,018 | 2,186 | 1,758 | 1,892 | 2,698 | 3,488 | 3,415 | 3,536 | 3,939 | 3,995 |
| Expenses | 1,471 | 1,346 | 1,311 | 1,782 | 1,949 | 1,588 | 1,638 | 2,300 | 3,043 | 3,040 | 3,146 | 3,462 | 3,519 |
| Operating Profit | 169 | 178 | 145 | 237 | 237 | 170 | 254 | 398 | 446 | 375 | 389 | 477 | 476 |
| OPM % | 10% | 12% | 10% | 12% | 11% | 10% | 13% | 15% | 13% | 11% | 11% | 12% | 12% |
| Other Income | 5 | 9 | 8 | 17 | 11 | 11 | 11 | 5 | 1,201 | 8 | 17 | 9 | 12 |
| Interest | 71 | 65 | 35 | 35 | 39 | 41 | 29 | 42 | 81 | 97 | 90 | 72 | 66 |
| Depreciation | 51 | 36 | 33 | 34 | 38 | 46 | 70 | 76 | 81 | 103 | 104 | 113 | 116 |
| PBT | 52 | 86 | 85 | 184 | 172 | 94 | 166 | 285 | 1,485 | 183 | 212 | 301 | 307 |
| Tax % | 53% | 35% | 23% | 30% | 36% | 2% | 15% | 24% | 25% | 22% | 23% | 33% | — |
| Net Profit | 24 | 56 | 65 | 129 | 110 | 92 | 141 | 217 | 1,115 | 144 | 162 | 202 | 206 |
| EPS (₹) | 1.35 | 3.12 | 3.62 | 7.14 | 6.12 | 5.11 | 7.8 | 12.04 | 61.89 | 7.96 | 8.99 | 11.23 | 11.42 |
| Div. Payout % | 0% | 0% | 0% | 7% | 8% | 0% | 0% | 0% | 0% | 0% | 8% | 9% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 185 | 180 | 180 | 180 | 180 | 180 | 180 | 180 | 180 | 180 | 180 | 180 |
| Reserves | 403 | 463 | 529 | 657 | 760 | 1,205 | 1,353 | 1,569 | 3,162 | 4,984 | 8,586 | 8,692 |
| Borrowings | 421 | 250 | 330 | 341 | 352 | 387 | 268 | 587 | 609 | 727 | 624 | 524 |
| Other Liabilities | 333 | 355 | 342 | 389 | 477 | 637 | 588 | 755 | 991 | 1,132 | 1,797 | 1,896 |
| Total Liabilities | 1,342 | 1,248 | 1,381 | 1,566 | 1,769 | 2,409 | 2,389 | 3,091 | 4,942 | 7,022 | 11,187 | 11,292 |
| Fixed Assets | 572 | 543 | 513 | 515 | 537 | 1,147 | 1,190 | 1,252 | 1,591 | 1,525 | 1,485 | 1,577 |
| CWIP | 29 | 26 | 69 | 130 | 202 | 233 | 173 | 373 | 193 | 281 | 297 | 214 |
| Investments | 4 | 7 | 9 | 9 | 12 | 11 | 16 | 17 | 1,726 | 3,642 | 7,779 | 7,692 |
| Other Assets | 736 | 671 | 791 | 913 | 1,019 | 1,019 | 1,011 | 1,449 | 1,432 | 1,574 | 1,626 | 1,809 |
| Total Assets | 1,342 | 1,248 | 1,381 | 1,566 | 1,769 | 2,409 | 2,389 | 3,091 | 4,942 | 7,022 | 11,187 | 11,292 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 78 | 236 | −18 | 117 | 177 | 209 | 223 | 43 | 278 | 244 | 192 | 390 |
| Investing | −4 | −13 | −33 | −97 | −141 | −125 | −60 | −335 | −219 | −83 | −91 | −122 |
| Financing | −71 | −213 | 60 | −41 | −39 | −79 | −151 | 289 | −63 | 21 | −194 | −188 |
| Net Cash Flow | 3 | 10 | 10 | −20 | −3 | 5 | 12 | −3 | −4 | 182 | −93 | 81 |
| Free Cash Flow | 74 | 225 | −48 | 21 | 46 | 67 | 170 | −296 | 109 | 119 | 104 | 262 |
| CFO/EBITDA | 52 | 143 | 2 | 73 | 99 | 137 | 107 | 29 | 141 | 85 | 63 | 98 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 42 | 53 | 62 | 55 | 48 | 46 | 41 | 37 | 33 | 37 | 37 | 31 |
| Inventory Days | 140 | 129 | 166 | 130 | 147 | 190 | 164 | 186 | 142 | 137 | 154 | 144 |
| Days Payable | 70 | 64 | 59 | 57 | 71 | 106 | 80 | 102 | 93 | 87 | 79 | 80 |
| Cash Conversion Cycle | 112 | 118 | 169 | 128 | 124 | 130 | 124 | 122 | 83 | 88 | 112 | 95 |
| Working Capital Days | 30 | 38 | 44 | 51 | 46 | 61 | 77 | 54 | 40 | 23 | 34 | 30 |
| ROCE % | 12% | 16% | 12% | 20% | 17% | 9% | 11% | 16% | 12% | 6% | 4% | 4% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Sunflag Iron & Steel Company insights
70 extracted metrics across FY11–FY27.
Documents
- 29 May 2026
- 2 Apr 2026
- 23 Feb 2026
- 13 Nov 2025
- 26 Nov 2024
- 28 Aug 2024
- General announcements 13 Oct 2026
Frequently Asked Questions about Sunflag Iron & Steel Company
What does Sunflag Iron & Steel Company Ltd do?
Sunflag Iron & Steel Company Ltd was established in 1984 & is a part of Sunflag Group, company started operations in 1989 as a spring steel producer however, at present the company manufactures mild-steel and alloy steel products of varieties like carbon steel, free & semi free cutting steels,etc.
Where is Sunflag Iron & Steel Company Ltd (SUNFLAG) listed?
Sunflag Iron & Steel Company Ltd trades as SUNFLAG on the NSE and under code 500404 on the BSE.
Which sector does Sunflag Iron & Steel Company Ltd belong to?
Sunflag Iron & Steel Company Ltd is classified under the Metals & Mining sector, in the Iron & Steel industry.
What is the PE ratio of Sunflag Iron & Steel Company Ltd?
Sunflag Iron & Steel Company Ltd trades at a PE ratio of 34.32 as of 4 Nov 2026, on earnings per share of ₹11.42, against a book value of ₹474.06 per share.
What is the 52-week high and low of Sunflag Iron & Steel Company Ltd?
Over the last 52 weeks Sunflag Iron & Steel Company Ltd has traded between ₹192.15 and ₹479.1 as of 4 Nov 2026.
Does Sunflag Iron & Steel Company Ltd pay dividends?
Sunflag Iron & Steel Company Ltd has a dividend yield of 0.26%.
What is the Return on Equity (ROE) of Sunflag Iron & Steel Company Ltd?
Sunflag Iron & Steel Company Ltd reported a return on equity of 2.37%. Its debt-to-equity ratio is 0.06.
Company Information
Sunflag Iron & Steel Company Ltd was established in 1984 & is a part of Sunflag Group, company started operations in 1989 as a spring steel producer however, at present the company manufactures mild-steel and alloy steel products of varieties like carbon steel, free & semi free cutting steels,etc.
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