Surani Steel Tubes Ltd. (SURANI-SM) Share Price Rises 9.95% Today
- August 4, 2026
- Posted by: Harsh Piplani
- Category: News
Surani Steel Tubes Ltd. Share Price rises 9.95% to Rs 104.45, marking a significant gain in the micro-cap category.
Surani Steel Tubes Ltd. Share Price has experienced a notable rise today, reaching Rs 104.45, up by 9.95% from its previous close of Rs 95. This significant price movement places the company in the spotlight, especially given its micro-cap status with a market capitalisation of Rs 155.17 crore.
The share price opened at Rs 94 and quickly gained momentum, reaching a high of Rs 104.45. This price action has drawn attention to Surani Steel Tubes Ltd., as investors seek to understand the factors behind this movement. While the data confirms the price rise, it does not establish a specific catalyst for today’s rally. Nevertheless, the stock’s performance is significant within its sector, Iron & Steel, and industry, Steel & Iron Products.
Surani Steel Tubes Ltd. (SURANI-SM) Share Price Today: Price Action Analysis
| Metric | Value |
|---|---|
| Current Price | Rs 104.45 |
| Previous Close | Rs 95 |
| Today's Change | +Rs 9.45 (+9.95%) |
| Day Open | Rs 94 |
| Day High | Rs 104.45 |
| Day Low | Rs 94 |
| Current Volume (NSE) | 1,400 |
| NSE Traded Volume | 1,400 |
| Combined NSE + BSE Volume | 1,400 |
| Turnover | Rs 0.01 crore |
| Market Capitalisation | Rs 155.17 crore |
| Market Cap Category | Micro Cap |
Surani Steel Tubes Ltd. (SURANI-SM) traded at Rs 104.45. versus the previous close of Rs 95, a rise of 9.95%. The stock opened at Rs 94, reached Rs 104.45, touched Rs 94. Reported volume was 1,400.
Surani Steel Tubes Ltd. (SURANI-SM) Fundamental Analysis
| Metric | Value |
|---|---|
| Market Capitalisation | Rs 155.17 crore |
| P/E Ratio | 72.16x |
| P/B Ratio | 1.19x |
| ROE | 18.75% |
| ROCE | 15.11% |
| EPS | Rs 1.32 |
| Dividend Yield | 0% |
Surani Steel Tubes Ltd. was valued at a P/E ratio of 72.16x, a P/B ratio of 1.19x. These multiples provide valuation context, but they should not be labelled expensive or inexpensive without a comparable peer or sector benchmark.
Profitability and capital efficiency were represented by ROE of 18.75% and ROCE of 15.11%. ROE relates profit to shareholder equity, while ROCE measures returns generated on the capital employed in the business.
Per-share and shareholder-return metrics included EPS of Rs 1.32, dividend yield of 0%. Dividend yield is a current or historical ratio and does not guarantee future distributions.
Surani Steel Tubes Ltd. has a market capitalisation of Rs 155.17 crore, placing it in the micro-cap category. The company’s price-to-earnings (P/E) ratio is 72.16, which is significantly higher than the industry median of 18.62 and the average of 36.05. This suggests that the stock is trading at a premium compared to its peers, indicating high investor expectations.
The price-to-book (P/B) ratio stands at 1.19, which is below the industry average of 1.98 but close to the median of 1.36. This indicates that the stock is reasonably valued in terms of its book value. The return on equity (ROE) is 18.75%, which is above the industry median of 4.09% but below the average of 29.96%, suggesting efficient use of shareholder funds.
The return on capital employed (ROCE) is 15.11%, higher than the industry median of 9.16% and the average of 9.93%, indicating effective capital utilisation. The earnings per share (EPS) is Rs 1.32, reflecting the earnings attributable to each share. The company does not currently offer a dividend yield, which may be a consideration for income-focused investors.
Overall, the fundamental analysis highlights that Surani Steel Tubes Ltd. is trading at a premium with strong returns on equity and capital employed, suggesting potential growth prospects. However, the high P/E ratio indicates that investors have high expectations for the company’s future performance.
Sector and Industry Context
| Metric | Value |
|---|---|
| Sector | Iron & Steel |
| Industry | Steel & Iron Products |
| Benchmark Scope | same industry |
| Company P/E Ratio | 72.16x |
| Benchmark Median P/E | 18.62x |
| Benchmark Average P/E | 36.05x |
| Benchmark P/E Range | 0.3x to 379.02x |
| Company P/B Ratio | 1.19x |
| Benchmark Median P/B | 1.36x |
| Company ROE | 18.75% |
| Benchmark Median ROE | 4.09% |
| Company ROCE | 15.11% |
| Benchmark Median ROCE | 9.16% |
| Company Market Capitalisation | Rs 155.17 crore |
| Benchmark Median Market Cap | Rs 147.66 crore |
Surani Steel Tubes Ltd. (SURANI-SM) is classified under sector: Iron & Steel and industry: Steel & Iron Products.
Surani Steel Tubes Ltd. (SURANI-SM) has a P/E ratio of 72.16x, which is above the benchmark median of 18.62x, a difference of +287.54%. P/E is a valuation multiple and is not, by itself, a buy or sell signal.
Surani Steel Tubes Ltd. (SURANI-SM) has a ROE of 18.75%, which is above the benchmark median of 4.09%, a difference of +358.44%. Surani Steel Tubes Ltd. (SURANI-SM) has a ROCE of 15.11%, which is above the benchmark median of 9.16%, a difference of +64.96%.
Track today’s top gainers through the Univest top gainers screener. The peer table below provides the company-level comparison.
Surani Steel Tubes Ltd. operates within the Iron & Steel sector, specifically in the Steel & Iron Products industry. The sector comprises 105 companies, with Surani Steel Tubes Ltd. being one of the smaller players by market capitalisation. The company’s P/E ratio of 72.16 is significantly higher than the industry median of 18.62 and the average of 36.05, indicating that it is trading at a premium compared to its peers.
The industry P/B ratio median is 1.36, with an average of 1.98. Surani Steel Tubes Ltd.’s P/B ratio of 1.19 suggests it is reasonably valued in terms of its book value. The company’s ROE of 18.75% is well above the industry median of 4.09%, indicating strong profitability relative to its peers.
The ROCE of 15.11% is also higher than the industry median of 9.16%, suggesting efficient capital utilisation. The sector’s market capitalisation ranges from Rs 3.53 crore to Rs 2,959.9 crore, with Surani Steel Tubes Ltd. positioned towards the lower end of the spectrum.
Overall, the sector analysis indicates that while Surani Steel Tubes Ltd. is trading at a premium, it demonstrates strong profitability and efficient capital utilisation, which may attract investor interest.
Peer Comparison
| Company | Symbol | Market Cap (Cr) | P/E | P/B | ROE (%) | ROCE (%) |
|---|---|---|---|---|---|---|
| JTL Industries Ltd | JTLIND | 2,959.9 | 33.9 | 2.29 | 24.68 | 22.3 |
| Vardhman Special Steels Ltd. | VSSL | 2,944.07 | 20.55 | 2.23 | 10.14 | 12.97 |
| Rhetan TMT Ltd. | RHETAN | 2,484.66 | 241.3 | 22.88 | 3.76 | 4.11 |
| Pennar Industries Ltd. | PENIND | 2,238.4 | 22.56 | 2.31 | 0.41 | 6.85 |
| Prakash Industries Ltd. | PRAKASH | 2,209.87 | 6.74 | 0.63 | 3.29 | 4.87 |
Surani Steel Tubes Ltd. (SURANI-SM) has a P/E ratio of 72.16x compared with the displayed peer median of 22.56x. This is a relative valuation comparison, not a buy or sell signal. Its ROE of 18.75% compares with a peer median of 3.76% across the companies shown in the table. ROCE stood at 15.11% versus the displayed peer median of 6.85%, providing a capital-efficiency comparison. Surani Steel Tubes Ltd. (SURANI-SM) has a market capitalisation of Rs 155.17 crore. Among the 5 peers shown, 5 have a larger market capitalisation.
In comparison to its peers, Surani Steel Tubes Ltd. exhibits a higher P/E ratio of 72.16, indicating that it is trading at a premium. JTL Industries Ltd, with a P/E of 33.9, and Vardhman Special Steels Ltd., with a P/E of 20.55, are trading at lower valuations. Rhetan TMT Ltd. has a significantly higher P/E of 241.3, suggesting a different valuation approach.
The company’s P/B ratio of 1.19 is lower than that of JTL Industries Ltd. (2.29) and Vardhman Special Steels Ltd. (2.23), indicating a more conservative valuation. Surani Steel Tubes Ltd.’s ROE of 18.75% is competitive, surpassing Vardhman Special Steels Ltd.’s 10.14% but lower than JTL Industries Ltd.’s 24.68%.
The ROCE of 15.11% is higher than Vardhman Special Steels Ltd.’s 12.97% but lower than JTL Industries Ltd.’s 22.3%. Overall, Surani Steel Tubes Ltd. demonstrates a premium valuation with strong profitability metrics compared to its peers.
Why Investors Are Watching Surani Steel Tubes Ltd.
Investors are closely monitoring Surani Steel Tubes Ltd. due to its significant price rise today and its position within the Iron & Steel sector. The company’s premium valuation and strong profitability metrics make it a point of interest.
- Price Action: Surani Steel Tubes Ltd. Share Price rose 9.95% today, reaching Rs 104.45.
- Technical Position: RSI indicates neutral momentum at 46.1.
- Fundamental Context: High P/E ratio of 72.16, strong ROE of 18.75%.
- Sector Positioning: Operates in the Iron & Steel sector, trading at a premium.
Investors should continue to monitor Surani Steel Tubes Ltd.’s performance, particularly its ability to sustain growth and profitability in a competitive sector. The company’s valuation and market dynamics will be key factors to watch.
About Surani Steel Tubes Ltd.
Surani Steel Tubes Ltd. operates in the Iron & Steel sector, specifically within the Steel & Iron Products industry. The company is engaged in the manufacturing and distribution of steel tubes, catering to various industrial applications. Its products are used in construction, infrastructure, and engineering projects, contributing to its revenue streams.
As a micro-cap company with a market capitalisation of Rs 155.17 crore, Surani Steel Tubes Ltd. is positioned towards the lower end of the market spectrum. Despite its smaller size, the company has demonstrated strong profitability metrics, with an ROE of 18.75% and a ROCE of 15.11%, indicating efficient use of capital and shareholder funds.
The company’s operations are influenced by the broader trends in the Iron & Steel sector, which is characterized by cyclical demand and price fluctuations. Surani Steel Tubes Ltd. aims to leverage its industry expertise and product offerings to maintain its position in the market.
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Frequently Asked Questions
What is the current share price of Surani Steel Tubes Ltd.?
Ans. The current share price of Surani Steel Tubes Ltd. is Rs 104.45, reflecting a 9.95% increase from the previous close of Rs 95. The stock moved 9.95% during the session.
How much did Surani Steel Tubes Ltd. share price rise today?
Ans. Surani Steel Tubes Ltd. share price rose by 9.95% today, reaching a high of Rs 104.45 during the trading session. The stock moved 9.95% during the session. The intraday range extended from Rs 94 to Rs 104.45.
What is the market capitalisation of Surani Steel Tubes Ltd.?
Ans. Surani Steel Tubes Ltd. has a market capitalisation of Rs 155.17 crore, categorizing it as a micro-cap company. The company operates in the Iron & Steel sector. Its P/E ratio is 72.16x.
What is the P/E ratio of Surani Steel Tubes Ltd.?
Ans. The P/E ratio of Surani Steel Tubes Ltd. is 72.16, indicating a premium valuation compared to the industry median of 18.62. The company trades at a P/E ratio of 72.16x.
How does Surani Steel Tubes Ltd. compare to its peers?
Ans. Surani Steel Tubes Ltd. has a higher P/E ratio of 72.16 compared to peers like JTL Industries Ltd. (33.9) and Vardhman Special Steels Ltd. (20.55). Comparable listed companies include JTL Industries Ltd, Vardhman Special Steels Ltd., Rhetan TMT Ltd.
What is the ROE of Surani Steel Tubes Ltd.?
Ans. Surani Steel Tubes Ltd. has a return on equity (ROE) of 18.75%, which is above the industry median of 4.09%. ROE stands at 18.75%. ROCE stands at 15.11%. The relevant peer median ROE is 4.09%.
What is the ROCE of Surani Steel Tubes Ltd.?
Ans. The return on capital employed (ROCE) for Surani Steel Tubes Ltd. is 15.11%, higher than the industry median of 9.16%. ROE stands at 18.75%. ROCE stands at 15.11%. The relevant peer median ROE is 4.09%.
What sector does Surani Steel Tubes Ltd. operate in?
Ans. Surani Steel Tubes Ltd. operates in the Iron & Steel sector, specifically within the Steel & Iron Products industry. The stock belongs to the Iron & Steel sector. Its industry classification is Steel & Iron Products.
Where can I track Surani Steel Tubes Ltd. share price?
Ans. You can track Surani Steel Tubes Ltd. share price on Univest for live updates, technical indicators, and fundamental analysis. The stock moved 9.95% during the session. The intraday range extended from Rs 94 to Rs 104.45.
