Surya Roshni Limited

Steel/ NSE

Compiled

Auto-generated from filings and public channels — no analyst dossier.

If management delivers what it guided

arithmetic on filed guidance and past valuations · not a price target

SURYAROSNI

FY26 → FY27 · 1 year of guidance · ~0.7 years from today₹239 today

BEAR

₹162

-32%

12% a year · 11x exit

BASE

₹221

-8%

20.8% a year · 13.9x exit

BULL

₹276

+15%

28.2% a year · 16.4x exit

Where the market has priced it

4x18x today — outside the range17x

at 18x its FY26 earnings the stock already trades above the top of its own ten-year range (16x)

How these numbers are produced

Earnings base	FY26 fiscal year EPS ₹13.13 (screener)
Guided growth	20.8% a year, said on the call of 02-Jun-2026 · transcript
Read across as	operating: unlabelled growth figure, read as revenue — medium confidence
Delivery calibration	0.58x / 1x / 1.36x of what was guided — measured: 76 annual guided-vs-filed pairs + 77 near-complete quarterly years — NSE transcripts against the companies' own filings
Exit multiple	11x / 13.92x / 16.41x, this company’s own p20 / median / p80 across 9 filed years
Filed-industry peers	median 19.52x across 25 peers — the cross-check, not the input
Arithmetic	base EPS × (1 + guided growth × delivery)¹ × exit multiple

Arithmetic on management’s own guidance and this company’s own past valuations. Not a price target, not a recommendation, and not a forecast of what the stock will do.

How to read this

It answers one question. If this management delivers the growth it told its own investors it would, and the market pays what it has historically paid for this company's earnings, where does the arithmetic land? Nothing here is a forecast of the share price.
Three cases, two moving parts. Bear, base and bull vary the delivery — what fraction of guidance managements actually file — and the exit multiple together, because a company that misses its guidance is usually de-rated for missing it. Each case shows the growth rate and the multiple that produced it.
Read the width, not just the middle. A wide gap between bear and bull means the inputs are uncertain, not that the upside is bigger. A narrow range is a more confident statement than a high one.
“Where the market has priced it” puts today's P/E on the company's own historical range. Sitting far below that range is why a scenario can look enormous: the number is then mostly about re-rating, not about delivery, and the board marks those separately.
The bullets underneath are the caveats — a borrowed peer multiple, a thin filed history, an earnings base that carried a one-off. They are the reasons to trust the number less, listed rather than buried.

Not a price target, not a recommendation, and not a forecast of what the stock will do. The field guide covers the method.

What management said

from NSE earnings-call filings · extracted, not interpreted

generic growth 21%roe 15.23%

Looking ahead to FY27, we are targeting overall volume of 11 lakh tons, representing growth of nearly 21% to 22% over FY26, supported by improving utilization levels, phased commissioning of new capacities and strong contribution from value

Call 02-Jun-2026 · bridge confidence medium · transcript PDF

Coverage

SectorSteel

Dossiersnone

Guidanceyes

Scenarioyes

Street chatter

unverified · logged from public channels

SURYA ROSHNI: Receives ₹68.11 Cr export order from USA for steel pipes and tubing.

Order win27 Apr 13:29

SURYA ROSHNI LIMITED : EXPORT ORDER FROM USA WORTH ₹17.89 CR. 🇺🇸📦

Order win27 Apr 11:46

SURYA ROSHNI Q4 : Management says Looking ahead to FY27, we are targeting overall volumes of approximately 11 lakh tonnes representing a growth of approximately 21-22% over FY26 volumes supported by improving utilisation levels, phased commissioning of new capacities and stronger contribution from value-added products.

Capacity / capex25 May 09:38