Surya Roshni Ltd (BOM:500336)
₹ 649.75 -12.5 (-1.89%) Market Cap: 70.50 Bil Enterprise Value: 70.21 Bil PE Ratio: 22.52 PB Ratio: 3.36 GF Score: 90/100
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Q4 2024 Surya Roshni Ltd Earnings Call Transcript

May 15, 2024 / 06:30AM GMT
Release Date Price: ₹577.7 (+5.20%)

Key Points

Positve
  • Surya Roshni Ltd (BOM:500336) achieved zero-debt status by reducing debt by INR400 crores in FY24.
  • The company declared a final dividend of INR2.5 per share, in addition to an interim dividend of INR2.5 per share.
  • The lighting and consumer durable segment recorded a 2% annual revenue growth, reaching INR1,572 crores in FY24.
  • The steel pipe segment achieved its highest ever quarterly volume of 2.36 lakh tons in Q4 FY24.
  • Surya Roshni Ltd (BOM:500336) has a strong order book of about INR800 crores as of March 31, 2024.
Negative
  • EBITDA per ton for the steel pipe segment decreased to INR5,877 in Q4 FY24 from INR9,868 in Q4 FY23.
  • Overall revenue for FY24 was INR7,809 crores, a slight decline from INR7,997 crores in FY23.
  • The steel pipe and strip segment's revenue decreased to INR1,665 crores in Q4 FY24 from INR1,721 crores in Q4 FY23.
  • The company faced challenges in the steel pipe business due to price falls, impacting operating margins.
  • Despite the growth in lighting and consumer durables, the segment faced substantial price erosion in the consumer lighting business.
Operator

Ladies and gentlemen, good day, and welcome to Surya Roshni Limited Q4 FY24 earning conference call. This conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions, and expectations of the company as on date of this call. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Raju Bista, Managing Director of Surya Roshni Limited. Thank you and over to you, sir.

Raju Bista
Surya Roshni Ltd - Managing Director, Whole-time Director

Thank you, thank you. So good afternoon. Namaskar. On behalf of Surya Roshni Limited, I extend a very warm welcome to everyone for joining us today. On this call, we are joined by Mr. Naresh Singhal, Executive Director, Steel Operation; Mr. Gaurav Jain, COO, Steel Operations; Mr. Jitendra Agrawal, CEO, Lighting & Consumer Durables; and our CFO and Company Secretary, Mr. B. B. Singal; and SGA, our

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