Surya Roshni Limited is an India-based
holding company started in 1973. The Company is one of the fastest growing industrial
groups in India with strength of over 10,000 skilled employees.
The group started its operation as a steel pipe & tubes manufacturing unit at Bahadurgarh (Haryana), North India. It has now become a multi-national, multi-product steel conglomerate. Today it has one of the largest steel tubes manufacturing plant in the world. Surya Group is also reputed as India's second largest manufacturer of lighting products and exports fluorescent tubes in more than 40 countries around the globe.
The Company operates in three major segments: Steel, Lighting and Real Estate. Additionally, the company is also involved in the business of natural herbal health care products and Information Technology.
Surya's products run across both industrial and household segment. Surya is the only lighting company in India with 100% backward integration. It is the single largest manufacturing company of Lamps in the country. The company also has one of the biggest steel tube manufacturing units in Asia. Surya maintains its leadership in the export of fluorescent tubes and has achieved high brand visibility in over 45 countries. Surya has also rightfully earned its place as a global player in the steel pipe industry. Surya possesses two state-of-the-art plants at Malanpur and Kashipur for lighting products set up in 1984 and 1992 respectively. Both the plants have deservedly won ISO 9002 certification. Surya GLS also conforms to prestigious European safety standard "CE".
The group started its operation as a steel pipe & tubes manufacturing unit at Bahadurgarh (Haryana), North India. It has now become a multi-national, multi-product steel conglomerate. Today it has one of the largest steel tubes manufacturing plant in the world. Surya Group is also reputed as India's second largest manufacturer of lighting products and exports fluorescent tubes in more than 40 countries around the globe.
The Company operates in three major segments: Steel, Lighting and Real Estate. Additionally, the company is also involved in the business of natural herbal health care products and Information Technology.
Surya's products run across both industrial and household segment. Surya is the only lighting company in India with 100% backward integration. It is the single largest manufacturing company of Lamps in the country. The company also has one of the biggest steel tube manufacturing units in Asia. Surya maintains its leadership in the export of fluorescent tubes and has achieved high brand visibility in over 45 countries. Surya has also rightfully earned its place as a global player in the steel pipe industry. Surya possesses two state-of-the-art plants at Malanpur and Kashipur for lighting products set up in 1984 and 1992 respectively. Both the plants have deservedly won ISO 9002 certification. Surya GLS also conforms to prestigious European safety standard "CE".
Fundamental Analysis
Income Statement
- Sales of the company have grown by 110% from Rs. 71.18bn in 2003 to Rs. 148.90bn in 2009.
- PBT has increased from Rs. 1.29bn in 2003 to Rs. 2.79bn in 2009; an increase by 129%.
- EPS growth by 118% from Rs. 3.79 in 2003 to Rs 8.28 in 2009.
Balance Sheet
- Total Assets have grown from Rs. 52.64bn in 2003 to Rs. 72.76bn in 2009, an increase of 42%.
- Shareholders equity has grown by 71% during the same period.
- Tangible book value has grown by 63% (during the same period) from Rs. 47.36 to Rs. 77.25

Technical Analysis
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