Surya Roshni Share Price Target 2026 Analyst Forecast Bull and Bear Case

Surya Roshni (NSE: SURYAROSNI) is a LED Lighting and Steel Pipes company trading at Rs 260.29 with a market capitalisation of Rs 4,982 crore. Analysts have set the Surya Roshni share price target at Rs 310 for 2026, based on FY27 earnings projections and sector re-rating potential. This article covers the complete 2026 price forecast including sector tailwinds, key risks, and bull and bear scenarios.

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Surya Roshni Share Price Target 2026: Key Takeaways

• Surya Roshni share price target 2026: Rs 310 (20% upside from CMP Rs 260.29)
• Bull case: Rs 375 | Bear case: Rs 210
• Ticker: SURYAROSNI | Sector: LED Lighting and Steel Pipes | MCap: Rs 4,982 crore
• 52W range: Rs 180 to Rs 427 | PE: 15x
• Key catalyst: Q4 FY26 results and FY27 earnings confirmation in 2026
• Key risk: FY27 earnings miss or FII outflows from Indian equities

Surya Roshni Company Overview

Surya Roshni (NSE: SURYAROSNI) is a Gwalior-based manufacturer of LED lighting products, energy-efficient luminaries, and GI steel pipes under the Surya brand, with FY26 revenue of Rs 6,000 crore and LED lighting growing on government energy efficiency programmes. At CMP Rs 260.29 against a 52 week range of Rs 180 to Rs 427, the stock trades at a meaningful discount to its 52 week high. Market capitalisation is Rs 4,982 crore with trailing PE of 15x. Compared to peers in LED lighting like Havells India and Bajaj Electricals, Surya Roshni is positioned as a potential re-rating candidate toward the Rs 310 price objective on FY27 earnings delivery.

Parameter	Value
NSE Ticker	SURYAROSNI
Sector	LED Lighting and Steel Pipes
CMP (2026)	Rs 260.29
52 Week High	Rs 427
52 Week Low	Rs 180
Market Cap	Rs 4,982 crore
Trailing PE	15x
12-Month Analyst Target	Rs 310
Bull Case Target	Rs 375
Bear Case Target	Rs 210

Why Is the Surya Roshni Share Price Target Set at Rs 310 for 2026

FY27 Earnings Recovery and Revenue Acceleration

The Surya Roshni share price target of Rs 310 rests on analyst projections of 15 to 20 percent PAT growth in FY27. Q4 FY26 results released in 2026 confirming the earnings trajectory are the most direct catalyst for re-rating from CMP Rs 260.29.

Structural Sector Tailwinds in LED Lighting and Steel Pipes

The LED Lighting and Steel Pipes sector is expanding on the back of India’s domestic demand growth, PLI scheme support, and rising corporate investment. Surya Roshni’s position among peers in LED lighting like Havells India and Bajaj Electricals creates a structural growth runway. Sustained outperformance is one of the key conditions for the Rs 375 bull case to materialise.

RBI Rate Cut Cycle and Lower Cost of Capital

India’s RBI rate cut cycle in 2026 is reducing borrowing costs and stimulating end market demand. Lower interest costs improve Surya Roshni’s EPS trajectory, narrowing the gap between current earnings and the FY27 estimates that underpin the Rs 310 analyst consensus.

Union Budget 2026-27 Capex Push and Policy Support

Budget 2026-27’s Rs 11.21 lakh crore infrastructure capex and PLI scheme continuity create a favourable backdrop for Surya Roshni’s LED Lighting and Steel Pipes operations, improving the probability of achieving the Rs 310 price objective through FY27 earnings delivery.

FII Flow Normalisation After the 2026 Tariff Shock

As global macro conditions normalise through 2026, FII flows into quality Indian equities are gradually recovering. At 15x PE, Surya Roshni is positioned as a beneficiary of institutional reallocation toward the Rs 375 bull case over the medium term.

Surya Roshni Share Price Targets: Short Term, 12 Month, and Long Term

Short Term Surya Roshni Share Price Target

Near-term support for Surya Roshni is anchored close to the 52 week low of Rs 180. A confirmed Q4 FY26 earnings recovery in 2026 is the trigger for an initial 10 to 15 percent re-rating from CMP Rs 260.29.

12-Month Surya Roshni Share Price Target 2026

The 12-month Surya Roshni share price target 2026 is Rs 310, implying approximately 20 percent upside from CMP Rs 260.29. This base case assumes in-line FY27 earnings delivery and partial normalisation of FII flows.

Long Term Surya Roshni Share Price Target: FY27 to FY28

The long term Surya Roshni share price target for FY27 to FY28 is Rs 375 in the bull case, requiring full earnings delivery, re-rating among peers in LED lighting like Havells India and Bajaj Electricals, and sustained institutional buying over a 2 to 3 year horizon.

Bull Case and Bear Case Scenarios for Surya Roshni in 2026

Bull Case Surya Roshni Share Price Target: Rs 375

The bull case Surya Roshni share price target of Rs 375 materialises when FY27 earnings beat analyst estimates, LED Lighting and Steel Pipes tailwinds accelerate, and FII flows return strongly to Indian equities. From CMP Rs 260.29, this represents approximately 45 percent potential upside.

Bear Case Surya Roshni Share Price Target: Rs 210

The bear case Surya Roshni share price target of Rs 210 materialises if FY27 earnings disappoint or FII outflows depress the broader market, risking a test of support near the 52 week low of Rs 180.

Scenario	Target	Key Conditions
Bull Case	Rs 375	FY27 beat, sector re-rating, FII inflows
Base Case (Analyst Target)	Rs 310	In-line FY27 delivery, partial FII recovery
Bear Case	Rs 210	FY27 miss, guidance cut, FII outflows persist

Key Risks That Could Derail the Surya Roshni 2026 Price Objective

Global Macro and US Tariff Headwinds

Prolonged tariff tensions and global demand slowdown remain prominent macro risks to the Surya Roshni share price target of Rs 310, with FII outflows being the direct transmission mechanism to Indian equity valuations.

FY27 Earnings Miss and Guidance Risk

An FY27 earnings miss or downward guidance revision would compress valuation multiples and is the most direct company-specific risk to the Rs 310 analyst price objective. Investors must monitor quarterly results and management commentary closely.

Competitive Intensity Among LED Lighting and Steel Pipes Peers

Intensifying competition from peers in LED lighting like Havells India and Bajaj Electricals could compress Surya Roshni’s market share and pricing power, a structural risk that must be weighed when assessing the defensibility of the earnings trajectory underpinning the Rs 310 analyst target for 2026.

Liquidity Risk and FII Selling Pressure

Sustained FII outflows from Indian equities can delay the re-rating process regardless of company-level improvement. Investors should maintain position sizing discipline and stop losses to protect capital.

How to Invest in Surya Roshni

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Before considering any investment based on the Surya Roshni share price target of Rs 310, review Q4 FY26 results and FY27 guidance released in 2026. Focus on revenue growth, margin trends, and management commentary on LED Lighting and Steel Pipes sector demand.

Open a Demat account with a SEBI registered stockbroker to trade Surya Roshni (NSE: SURYAROSNI) with full regulatory protection. Study the competitive landscape among peers in LED lighting like Havells India and Bajaj Electricals before executing any position.

Plan your entry using the 52 week low of Rs 180 as a key support reference. A confirmed FY27 earnings uptick validates the entry case for the Rs 310 price objective. Always set a stop loss below the 52 week low.

Restrict any single stock to 3 to 5 percent of your total equity portfolio. Always consult a SEBI registered financial advisor before investing. SEBI Registration No. INH000013776.

Download the Univest iOS App or the Univest Android App to track Surya Roshni’s live share price and receive daily stock recommendations.

FAQs on Surya Roshni Share Price Target 2026

What is the Surya Roshni share price target for 2026?

Ans. The Surya Roshni share price target 2026 is Rs 310, implying approximately 20 percent upside from CMP Rs 260.29. Bull case is Rs 375, bear case is Rs 210.

What was the Surya Roshni share price target for 2025?

Ans. The 2025 price objective for Surya Roshni was based on FY26 earnings projections. The current 2026 analyst consensus is Rs 310, reflecting FY27 growth potential from CMP Rs 260.29.

Is Surya Roshni a good investment at Rs 260.29?

Ans. At Rs 260.29, Surya Roshni offers potential upside toward Rs 310 if FY27 earnings recover. Whether this represents a good entry depends on individual risk tolerance. Consult a SEBI registered financial advisor before investing.

What are the key risks to the Surya Roshni share price target 2026?

Ans. Key risks to the Surya Roshni share price target of Rs 310 include FY27 earnings miss, global tariff headwinds, FII outflows, and competitive pressure in LED Lighting and Steel Pipes. Monitoring quarterly results is essential.

What is the 52 week high and low of Surya Roshni?

Ans. The 52 week high of Surya Roshni is Rs 427 and the 52 week low is Rs 180. At CMP Rs 260.29, the stock offers potential upside toward the Rs 310 price objective.

What are the main growth catalysts for Surya Roshni in 2026?

Ans. Key catalysts include FY27 PAT recovery, LED Lighting and Steel Pipes tailwinds, RBI rate cuts in 2026, Budget 2026-27 policy support, and normalisation of FII flows into Indian equities.

How does Surya Roshni compare to its peers?

Ans. Surya Roshni operates in LED Lighting and Steel Pipes alongside peers in LED lighting like Havells India and Bajaj Electricals. At CMP Rs 260.29 with MCap Rs 4,982 crore, it is a potential re-rating candidate toward the Surya Roshni share price target of Rs 310 on FY27 delivery.

What is the Surya Roshni share price target for 2027?

Ans. The long-term Surya Roshni share price target for FY27 to FY28 is Rs 375 in the bull case, assuming earnings growth, sector re-rating, and FII inflows. Consult a SEBI registered financial advisor for personalised guidance.