
Suraj Share Price Forecast to 2030
Suraj share price Rs 223.95. 52W high Rs 373.00, low Rs 202.00. Market cap Rs 411. Cr. 2030 scenario range Rs 167.96 to Rs 403.11.
Updated: 31 Jul 2026 • 3:48 pm
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The Suraj share price forecast for the next 3 years is a question on many investors' minds as the stock trades at Rs 223.95, within a 52 week range of Rs 202.00 to Rs 373.00. This article lays out a scenario based Suraj share price outlook for 2027, 2028 and 2030, built on the company's fundamentals, sector trends and the key risks that could change the trajectory. Rather than a single number, the focus here is on the range of outcomes and the assumptions behind each one.
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Suraj Company Overview
Suraj manufactures seamless stainless steel tubes and pipes for pharma, chemical and oil and gas applications. Understanding the business model is the first step in framing any credible Suraj share price forecast, because the durability of earnings ultimately decides where the stock trades.
| Company | Suraj |
| NSE Ticker | SURAJLTD |
| CMP | Rs 223.95 |
| 52 Week High | Rs 373.00 |
| 52 Week Low | Rs 202.00 |
| Market Cap | Rs 411. Cr |
| Stock PE | 49.4 |
| Book Value | ₹ 75.0 |
| ROE | 4.98 % |
| ROCE | 7.11 % |
| Dividend Yield | 0.67 % |
Where Does Suraj Share Price Stand Today?
The stock currently trades at Rs 223.95, within a 52 week range of Rs 202.00 to Rs 373.00. For anyone building a Suraj share price forecast, this means the valuation starting point is a P/E of 49.4. How the broader Nifty 50 index trades over this period will also influence the multiple investors are willing to assign to the stock.
At the current price, Suraj commands a market capitalisation of Rs 411. Cr and trades at a price to earnings multiple of 49.4. The company generates a return on equity of 4.98 % and a return on capital employed of 7.11 %. These numbers anchor the Suraj share price forecast scenarios that follow.
Suraj Share Price Forecast: Key Growth Drivers for the Next 3 Years
The primary growth catalyst for Suraj is rising demand for stainless steel seamless tubes from pharma and industrial clients. This driver is anchored in structural trends within the Metals & Mining sector.
Earnings Trajectory and Return Ratios
Stock prices ultimately follow earnings. The pace at which profits compound over FY27 to FY30 will be the single biggest determinant of the Suraj share price forecast actually playing out. Consistent earnings delivery tends to expand valuation multiples, while misses compress them quickly.
Metals & Mining Sector Dynamics
Sector trends are a second key driver. Within the space, investors often benchmark Suraj against peers such as Ratnaveer Precision Engineering, Prakash Steelage, Scoda Tubes on growth and valuations before forming a view on the Suraj share price forecast for the next 3 years.
Balance Sheet and Debt Management
the ability to manage financial leverage will directly influence the Suraj share price forecast. Companies that reduce debt or fund growth without diluting equity tend to see stronger share price appreciation.
Macro and Policy Environment
Interest rate cycles, currency movements and sector-specific policy changes will also shape the Suraj share price forecast over the 2027 to 2030 horizon. These are harder to predict but need to be monitored closely.
Consult a SEBI Registered Investment Advisor Before Acting on Any Forecast
Key Risks to the Suraj Share Price Forecast
The Suraj share price forecast could be materially impacted by stainless steel input cost volatility and client concentration in pharma applications are key risks. These risks are not unique to Suraj but the degree of impact depends on the company's specific exposure and management quality.
Suraj Share Price Forecast: 3-Year Scenario Table
The following indicative scenario analysis is illustrative only and does not constitute a research-grade price target. Actual outcomes will depend on company performance, sector dynamics, and macroeconomic conditions.
| Scenario | 3-Year Indicative Range | Key Assumptions |
| Bull Case | Rs 403.11 | Strong execution, sector tailwinds materialise, margin expansion via operating leverage |
| Base Case | Rs 302.33 | Steady growth broadly in line with sector, manageable cost pressures, stable demand conditions |
| Bear Case | Rs 167.96 | Demand slowdown, margin compression from rising costs, or sector-specific headwinds materialise |
These ranges are not investment advice. The bull case assumes key growth drivers materialise fully, while the bear case reflects meaningful headwinds. The base case represents a moderate, sector-average outcome.
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Should You Invest in Suraj?
Any investment in Suraj must be evaluated against your own risk profile, investment horizon, and portfolio composition. The Suraj share price forecast outlined here is scenario-based and not a guaranteed outcome. Key considerations are the growth drivers (rising demand for stainless steel seamless tubes from pharma and industrial clie), the risks (stainless steel input cost volatility and client concentration in pharma applica), and how those interact with your overall portfolio strategy.
Retail investors are always advised to consult a SEBI-registered investment advisor before taking any position. The Metals & Mining index provides a useful benchmark for comparing Suraj share price performance against the broader sector.
Conclusion
The Suraj share price forecast for the next 3 years ranges from Rs 167.96 in the bear case to Rs 403.11 in the bull case, with a base case around Rs 302.33. The primary driver is rising demand for stainless steel seamless tubes from pharma and industrial clie, while the main risk is stainless steel input cost volatility and client concentration in pharma applica. Investors should track quarterly results, balance sheet trends, and sector developments to refine their view as the forecast horizon approaches.
This article is for informational purposes only. Consult a SEBI-registered advisor before investing.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risks. Past performance is not indicative of future returns. This article is for informational purposes only and does not constitute financial advice. SEBI Research Analyst Registration No. INH000013776. Investment Adviser Registration No. INA000017639. Broker Registration No. INZ000317437.
Frequently Asked Questions on Suraj Share Price Forecast
What is the Suraj share price forecast for the next 3 years?
Ans. The Suraj share price forecast for the next 3 years is scenario based rather than a single number. By 2030, the illustrative range spans Rs 167.96 in the bear case to Rs 403.11 in the bull case, with a base case near Rs 302.33, depending on earnings delivery and market conditions.
What is the Suraj share price forecast for 2027?
Ans. For 2027, the scenario range works out to Rs 212.75 to Rs 291.13, with a base case around Rs 246.34. This assumes compounding on the current price of Rs 223.95 and is illustrative, not a guaranteed outcome.
What is the Suraj share price forecast for 2028?
Ans. The 2028 scenario range is Rs 190.36 to Rs 335.92, with the base case near Rs 268.74. Actual levels will depend on earnings growth, sector trends and overall market valuations at the time.
What is the current share price of Suraj?
Ans. Suraj currently trades at around Rs 223.95 on the NSE, within a 52 week range of Rs 202.00 to Rs 373.00. Prices change continuously during market hours, so check live quotes before acting.
Is Suraj a good stock for the long term?
Ans. Suraj has a long term story built on rising demand for stainless steel seamless tubes from pharma and industrial clie, but it also carries risks since stainless steel input cost volatility and client concentration in pharma applica. Long term suitability depends on your risk profile and portfolio, so consult a SEBI registered investment advisor before investing.
What is the Suraj share price outlook for 2030?
Ans. The Suraj share price outlook for 2030 spans Rs 167.96 to Rs 403.11 across bear and bull scenarios. Where the stock actually lands will be driven by profit growth, valuation multiples and macro conditions closer to that date.
What are the key risks to the Suraj share price forecast?
Ans. The main risks are stainless steel input cost volatility and client concentration in pharma applications are key risks. Any of these can push the stock below the base case scenario discussed in this article.
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