SURYA ROSHNI – A good Company to Invest

SURYA ROSHNI – A good Company to Invest

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SURYA ROSHNI – A good Company to Invest

(in Cr.)
Sep-11
Jun-11
FY10-11
Revenue
631.1
587.69
2,441.82
Net Profit
7.17
9.77
66.74
EPS
1.64
2.23
19.13
Cash EPS
4.54
4.66
26.92
OPM %
6.72
6.23
7.45
NPM %
1.14
1.66
2.73
 
 
 
 
SURYA ROSHNI – A good Company to Invest

SURYA ROSHNI – A good Company to Invest

 
 
 
Weekly H/L
46.95
43.1
Monthly H/L
50
42
52 Weeks H/L
110
42
 
( 3 Feb 11 )
( 22 Dec 11 )
Delivery / Var+ELM %
79.29
30.98
 
 
 
SURYA ROSHNI – A good Company to Invest

SURYA ROSHNI – A good Company to Invest

SURYA ROSHNI – A good Company to Invest
SURYA ROSHNI – A good Company to Invest | Source
SURYA ROSHNI – A good Company to Invest
SURYA ROSHNI – A good Company to Invest | Source
SURYA ROSHNI – A good Company to Invest
SURYA ROSHNI – A good Company to Invest | Source
SURYA ROSHNI – A good Company to Invest
SURYA ROSHNI – A good Company to Invest | Source
SURYA ROSHNI – A good Company to Invest
SURYA ROSHNI – A good Company to Invest | Source
SURYA ROSHNI – A good Company to Invest
SURYA ROSHNI – A good Company to Invest | Source
surya roshni - share price movement
surya roshni - share price movement | Source

SURYA ROSHNI – A good Company to Invest


Average results for Q2

Surya Roshni has reported average results for the second quarter of the current financial year ended 30.09.11 as compared to the first quarter ended 30.06.11. Revenue increased from Rs.587.69 crore to Rs.631.10 crore. Revenue for the whole year was at Rs.2441.82 crore. Net profit dropped from Rs.9.77 crore to Rs.7.17 crore. Net profit for the whole year was at Rs.66.74 crore. EPS declined from Rs.2.23 to Rs.1.64. EPS for the year 2010-11 was at Rs.19.13. Annualised EPS for the Q2 works out to Rs.6.56. Cash EPS has slightly increased from Rs.4.66 to Rs.4.54. Cash EPS for the year 2010-11 was at Rs.26.92. Annualised cash EPS for Q2 works out to Rs.18.16. Operating profit margin slightly increased from 6.23% to 6.72%. Net profit margin dropped from 1.66% to 1.14%.

Steel pipes and lighting equipments

The shares of Surya Roshni are traded in the Indian stock markets at Rs.43.10 (BSE 29.12.11). The shares of the company are available in both BSE and NSE. The highest price recorded by the shares of Surya Roshni in the last one year is at Rs.110 (03.02.11) and the lowest price is at Rs.42 (22.12.11). In other words, the current share price is close to its lowest price in the last one year. The company Surya Roshni is engaged in the business of iron and steel products. The company has set up a LED lighting laboratory. It produces lighting equipments which are very popular. The laboratory will function as a research centre and will aim to boost LED (Light Emitting Diode) lighting systems in India. It has been named as Surya Technology & Innovative Centre (STIC). It has the most advanced photometric laboratory and has housed a high speed automatic mirror gonio-photometer from LMT, Germany. The equipment can measure and do optical evaluation for both conventional light and LED light. Surya Roshni has also ventured into manufacturing complete range of high mast and high quality street lighting poles. The company is well equipped to enter into this segment with its rich experience in zinc galvanizing, steel pipes and lighting. Surya Roshni is the market leader in GI steel pipes and lighting. It now offers total lighting solutions. For the manufacture of poles and mast, the company has started a factory in Gwalior in Madhya Pradesh State. The new factory has an installed capacity of one lakh tonnes per annum of galvanization and steel fabrication.

Expansion of capacity

In the first phase, more than 30000 octagonal poles and 4000 high masts will be manufactured. This will be followed by expansion of the company’s product portfolio into telecom and power sectors which are lucrative areas. In addition to the above-stated products, Surya Roshni will also produce products like highway crash guards, galvanized swaged poles, stadium masts and lighting monopoles. The plant at Gwalior is spread over an area of 48 acres. It is well equipped with state-of-the-art technology. It has installed sophisticated computer controlled machines from YSD, Germany and USA. It has a modern galvanizing bath in the factory. Galvanization is the process of coating zinc on iron articles in order to prevent rust. Zinc acts as a protective coating over iron.

Research laboratory

This facility coupled with the exclusive laboratory at Nokia near Delhi will take care of the development of energy efficient lighting systems and optics. The development of high mast solutions will be supported by the world class lighting test laboratory. It will produce the required lighting arrangement suited to the customer to the exact extent in outdoor lighting like street lighting. Industries, city lighting, sports infrastructure and transportation systems require octagonal poles and high masts.

European CE certification

Surya Roshni has obtained the European CE certification for its products. This certification is mandatory for any company to export its products to Europe. The company is anticipating a 25% increase in its exports to Europe notwithstanding the depressed European economy because of debt crisis faced by several nations like Portugal, Spain, Ireland, Greece and Italy. J P Agarwal is the CMD of Surya Roshni. The company is at present exporting steel pipes to Europe and UAE. The company has also forayed into exporting to new countries like Canada, USA, Britain, Saudi Arabia, African nations and Latin America. The company reported an export turnover of Rs.300 crore last year out of is total turnover of Rs.1750 crore. The company reported a turnover of Rs.800 crore from is lighting business alone.

Invest for medium and long term holding

Promoters’ stake in Surya Roshni has gone up following conversion of warrants. The company made an open offer in the beginning of the year to the shareholders. The shares of Surya Roshni may be purchased at the current market price for medium and long term holding.

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