In Thursday’s trading session, the shares of one of the leading manufacturers of lighting and steel products jumped upto 3 percent following the announcement of record date for Bonus issue of 1:1
Price action
With a market capitalization of 6,023.62 Crores on Thursday, the shares of Surya Roshni limited rose by 2.37 percent making a high of Rs 574 compared to its previous closing price of Rs 553.60.
What happened
Surya Roshni Limited specialised in producing a wide range of products has fixed Wednesday, 1st January, 2025 as the record date for determining the eligible members for the issue of bonus equity shares.
The company will issue 10.88 crores bonus equity shares in a 1:1 ratio, where one fully paid-up equity share will be issued for every existing one equity share held, with a face value of Rs. 5.
About the company
Surya Roshni Limited is one of India’s leading manufacturers in the lighting and steel products sectors. Established in 1973, the company specializes in producing a wide range of products, including LED lighting solutions, electrical goods, and high-quality steel pipes.
Surya Roshni also manufactures home appliances such as fans and electrical fittings, and the company is committed to sustainability and innovation, constantly developing advanced, energy-efficient products.
They have a strong presence in both the domestic and international markets, offering energy-efficient lighting solutions and durable steel products for infrastructure, construction, and industrial applications.
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Segment Revenue
Surya Roshni reported a segment revenue of Rs. 6,241.78 crores from its Steel Pipe and Strips division in the year ended 31st March 2024, compared to Rs. 6,451.88 crores for the year ended 31st March 2023.
The Lighting and Consumer Durables segment generated Rs. 1,571.19 crores for the year ended 31st March 2024, slightly up from Rs. 1,544.42 crores for the year ended 31st March 2023.
Financials
The company’s revenue declined by 19.88 percent from Rs 1,917.24 crore to Rs 1535.96 crore in Q2FY24-25. Meanwhile, Net profit declined from Rs 76.01 crores to Rs 34.16 crore during the same period.
Key Financial ratios
Surya Roshni Limited has an impressive Return on Equity (RoE) of 14.13 percent and a Return on Capital Employed (RoCE) of 19.07 percent. Furthermore, the company’s debt-to-equity ratio is 0.03.
Written by Sridhar J
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