Surya Roshni Share Price

Surya Roshni Limited, with operations in Delhi, is a prominent manufacturer of steel pipes, tubes, and lighting products in India. The company provides a diverse product portfolio that caters to infrastructure, housing, agriculture, and consumer lighting sectors. Surya Roshni has a substantial manufacturing and distribution reach across the country. Surya Roshni share price on the NSE and BSE is a reflection of how market participants respond to a company’s performance and broader business developments within its industry. It captures the sentiment of the investors based on financial results, operational updates, macroeconomic factors, and trends specific to sectors. Movements in the share price͏ reveal how the market evaluates the company’s current position and its future prospects, making ͏it a key indicator of market perception across various industries.’

The Surya Roshni stock price is impacted by various factors including profitability, prices of raw materials, demand from key sectors, and government spending on infrastructure. In the longer term, capacity expansion, product diversification, and cost efficiencies influence stock market sentiments. All these factors must be closely monitored to have an idea about the stock price movements.

Surya Roshni live share price provides real-time information about the last price traded, bid price, ask price, and volume traded. These indicators represent trading activity and liquidity and the reaction of investors to corporate announcements, quarterly results, and sector news. Constant ͏monitoring of Surya Roshni live price helps observe short-term price fluctuations and understand how the stock is moving in relation to the broader market.

Furthermore, monitoring the Surya Roshni share͏ price today helps investors understandreal-time market sentiment, price volatility, and trading behaviour. It allows market participants to evaluate short-term performance, identifypossible entry or exit points, and respond to news, quarterly results or sector trends that may affect the company’s valuation and overall investment outlook.

Surya Roshni Limited Fundamentals

Surya Roshni Company Background

Surya Roshni began operations in 1973 with the manufacture of steel tubes and has since developed into a diversified enterprise with a presence in steel pipes and lighting products. Over the years, the company has expanded its manufacturing capabilities, product portfolio, and market reach in response to evolving industrial and consumer needs. Its lighting division, established in 1984, marked an important phase in diversification and aligned with the growing demand for efficient and reliable lighting solutions. With the advancement of LED technology, the company adopted energy-efficient lighting products designed to offer longer service life and reduced maintenance requirements.

Surya Roshni operates across domestic and international markets, supplying products to multiple countries through established distribution and export channels. The company’s activities are supported by a focus on manufacturing processes, technology adoption, and quality systems across its businesses. Its approach to operations is guided by defined organisational values that emphasise integrity, responsibility towards society, and long-term stakeholder relationships. Alongside business growth, the company engages in initiatives aimed at resource efficiency and environmentally conscious product development. Through steady expansion, product development, and adherence to defined principles, Surya Roshni continues to operate as an integrated participant in the steel and lighting sectors.

Surya Roshni Company Product Lines

Steel Pipes & Strips

• ERW Steel Pipes (Galvanised Iron – GI, Black, Hollow Section)
• Spiral Welded Pipes
• Cold Rolled (CR) Strips & Sheets
• API & 3LPE Coated Pipes for Oil & Gas and Infrastructure
• Pipes for Agriculture, Water Transportation, Construction, Firefighting, Solar Panels, Scaffolding, and Plumbing applications

Lighting Products

• LED Lamps (General, Decorative, and Specialty LED Lighting)
• LED Downlighters, Battens, Tubes, Street Lights, Flood Lights, and Landscape Lights
• Value-added LED Offerings (App-controlled, Auto-Dimming, Track Lights, LED Strips, Radar LED)
• HID Lamps and Traditional Lighting Solutions
• Luminaires for Indoor, Industrial, Commercial, Roadway, and Façade applications

Fans and Home Appliances

• Ceiling, Table, Pedestal, Wall, and Industrial Exhaust Fans
• Juicers, Mixers, Grinders, Vegetable Choppers
• Cooktops (Induction and Infrared), Sandwich Makers
• Electric Kettles, Dry and Steam Irons
• Storage and Instant Water Heaters, Immersion Water Heaters
• Air Coolers, Halogen and Quartz Heaters

PVC Pipes and Fittings

• PVC Pipes for Water Pipelines (Domestic and Industrial)
• PVC Fittings for Drainage, Irrigation, Process Lines, and Swimming Pools

Additional & Emerging Categories

• House Wiring Cables

Surya Roshni Company Revenue Model

• Product Sales – Steel Pipes & Strips: Revenue from manufacturing and selling steel pipes and strips, including ERW (welded), GI (galvanised iron), API (oil & gas), spiral pipes, hollow sections, and cold-rolled strips. The division contributes the majority of the company’s income through domestic sales and exports.
• Product Sales – Lighting & LED Solutions: Revenue from LED lamps, battens, luminaires, smart lighting, and professional lighting solutions sold via retail and institutional channels.
• Consumer Durables Sales: Revenue from fans (including BLDC technology), home appliances (e.g., water heaters, mixers, grinders), and other electrical consumer products.
• PVC Pipes & Fittings Sales: Revenue from PVC pipes and fitting products for plumbing, agriculture, and construction applications.
• Electrical & New Segment Sales: Revenue from newly launched electrical products such as house wiring cables and related electrical solutions.
• Exports to International Markets: Income from exporting products — particularly steel pipes — to over 50 countries, supporting revenue diversification.
• Distribution & Retail Channel Sales: Revenue earned through extensive domestic distribution networks, wholesale dealers, and retail outlets across India.

Surya Roshni Geographic Presence

Domestic (India)

• Pan-India operations with manufacturing facilities in multiple states including Haryana, Madhya Pradesh, Gujarat, and Andhra Pradesh.
• Extensive retail and distribution network across urban, semi-urban, and rural regions of India.

International Presence

• Middle East & GCC countries – export markets for steel and pipe products.
• North America – including USA and Canada — markets for pipes and related products.
• Australia and New Zealand – export destinations supported through distribution networks.
• Europe – supplies steel and lighting products to European markets.
• Africa – export markets for infrastructure steel and lighting products

Surya Roshni Leadership 

Some of the key leaders of Surya Roshni as of January 2026 are

• Mr. Jitendra J. Agrawal – Chief Executive Officer (Lighting, Consumer)
• Mr. Raju Bista – Managing Director & Executive Director
• Mr. Vinay Surya – Managing Director & Executive Director
• Mr. K. N. Karmarkar – Whole-Time Director
• Mr. B. B. Singal – Chief Financial Officer & Company Secretary
• Ms. Puja Surya – Whole-Time Executive Director
• Mr. Vrajender Sen – President (Professional Lighting)
• Mr. B. B. Singal – Company Secretary & Chief Financial Officer
• Mr. Vasu Mitra Pandey – Chief Operations Officer (Lighting)
• Mr. Kumar Gaurav Jain – Executive Director & Chief Operations Officer (Steel)
• Ms. Puja Surya – Executive Director (PVC)
• Mr. J. P. Agarwal – Chairman & Executive Director

Surya Roshni Key Milestones

• 1973 – Established as Prakash Tubes Limited under the leadership of Mr. J. P. Agarwal, commencing operations as a steel pipe manufacturer.
• 1974 – Began commercial production of ERW steel pipes and tubes.
• 1983-84 – Entered the lighting business with the launch of the lighting division under the Surya brand.
• 1993 – Undertook backward integration in lighting through lead glass tubing manufacturing and capacity expansion.
• 1995-96 – Completed multiple backward integration projects for lamps, filaments, caps, and automated packing systems using European technology.
• Late 1990s – Formed a joint venture with Osram to manufacture compact fluorescent lamps.
• 2006-08 – Started and expanded manufacturing of energy-saving CFL lamps; transitioned to natural gas and advanced production technologies.
• 2008-10 – Commissioned cold rolling mill, galvanizing plants, spiral pipe facilities, and expanded lighting and PVC capacities.
• 2010 – Subsidiary Surya Global Steel Tubes commenced spiral pipe production at Anjar, Gujarat.
• 2013-15 – Launched fans and entered the home appliances segment.
• 2017-18 – Expanded LED, BLDC fans, and commissioned Hindupur steel pipe plant; merged Surya Global Steel Tubes into the company.
• 2018 – Commissioned advanced 3LPE coating facility for oil and gas pipelines.
• 2021 – Expanded galvanized and 3LPE coating capacities at Hindupur and Anjar.
• 2022 – Commissioned large-diameter section pipe facility using Direct Forming Technology at Malanpur.
• 2023 – Began in-house manufacturing of LED components.
• 2024-25 – Commissioned spiral pipe plant at Gwalior, new CR plant at Bahadurgarh, launched residential pumps, and diversified into house wiring cables.

Industry Perspective

Surya Roshni Limited operates across two closely linked industries: steel pipes & tubes and lighting and consumer electricals, both of which play a critical role in India’s infrastructure and urban development ecosystem. The Indian steel pipes and tubes industry supports sectors such as oil and gas, water supply, construction, irrigation and city gas distribution. In 2023, the market was valued at about USD 32.9 billion and is projected to grow at a CAGR of around 6.4% between 2024 and 2030, driven by infrastructure investment, industrial expansion and rising urbanisation . Continued government focus on highways, housing, renewable energy and city gas networks is expected to sustain growth at similar levels in the medium term. The lighting industry, particularly LED lighting, is another fast-evolving segment. India’s LED lighting market is witnessing strong adoption due to energy-efficiency regulations, declining LED prices and demand from smart cities, commercial buildings and public infrastructure. Industry studies indicate high single-digit to low double-digit growth over the rest of the decade, supported by policy-led energy conservation and smart lighting adoption . Growth in infrastructure output, where steel and lighting are key inputs, further reinforces demand prospects

Surya Roshni is likely to benefit from sustained growth in infrastructure, housing, and urban development, which will support demand for steel pipes across water, gas, and construction projects. Rising adoption of energy-efficient LED lighting, government focus on smart cities, and expansion in consumer electricals can strengthen volumes. Its diversified portfolio and manufacturing scale position the company to capture opportunities across multiple end-use sectors.

Surya Roshni Limited Stock Market Presence: Listings & Index Representation

Surya Roshni Limited is a well-established entity in the Indian stock market, listed on major exchanges such as NSE (SURYAROSNI) and BSE (500380). Its inclusion in prominent indices like S&P BSE Industrials, BSE 1000, S&P BSE Mid Small Cap, S&P BSE Small Cap, S&P BSE All Cap, Nifty Total Market, Nifty Total Market Momentum Quality 50, and Nifty Microcap 250 Index underscores the company’s significance in India’s manufacturing and infrastructure sector.

The Surya Roshni stock price is tracked by investors. Its inclusion in various indices reflects its market capitalisation and operational scale in steel and lighting. Listing on NSE and BSE ensures liquidity, while its index presence across market-cap segments connects it to different types of institutional and thematic fund flows.

Surya Roshni Stock Performance and Share Price History

The Surya Roshni share price on NSE and BSE reflects its position in the manufacturing sector. Performance is driven by steel pipe demand, lighting product sales, input cost management, and profitability. Investors compare Surya Roshni share price today with broader indices and peer companies to gauge relative performance. These underlying factors are often visible through real market movements across different periods. Similar trends are observed during earnings-driven movements. Broader sector strength has also played a role in supporting Surya Roshni share price.

In addition to operational and sector-led factors, corporate actions can also have a significant impact on Surya Roshni share price movements short-term even when a company’s fundamentals remain strong. This shows how corporate actions can trigger short-term swings, even within a cyclical industry framework influenced by commodity prices and infrastructure cycles. While short-term movements reflect events and announcements, longer-term valuation trends are visible through Surya Roshni share price 52-week high and low, providing context beyond daily or weekly changes.

These levels capture impacts of economic cycles, raw material inflation, demand expectations, and earnings visibility, providing context for the stock’s historical performance. Surya Roshni’s stock performance reflects the trading behaviour of a company operating within India’s manufacturing and infrastructure sectors. The company’s diversified product portfolio, focus on branded lighting, and manufacturing footprint have shaped its Surya Roshni share price history. Over time, the Surya Roshni stock price has shown volatility, marked by periods of sharp gains and phases of consolidation.

The early 2000s witnessed significant growth, with the Surya Roshni share price increasing by 108.14% in 2003 and 55.67% in 2004, driven by industrial expansion. A major correction of -68.06% occurred in 2008 during the global financial crisis, impacting industrial demand. Strong recoveries followed, with gains of 134.73% in 2009 and 56.81% in 2010. The Surya Roshni share price faced declines of -57.96% in 2011 and -40.79% in 2018, often linked to sectoral slowdowns and margin pressures.

High-growth phases included a 123.39% gain in 2017 and a 205.31% surge in 2023, supported by strong earnings and infrastructure push. Recent years show mixed performance, with a -24.91% decline in 2024 and a -3.89% dip in 2025. The Surya Roshni stock price reached an end-of-day high of ₹407.77 in January 2024. Over longer periods, the Surya Roshni share price has delivered substantial returns, such as the 130.96% gain in 2020, highlighting responsiveness to economic cycles and government-led infrastructure spending. These returns highlight growth aligned with industrial and construction activity across the Indian economy.

Surya Roshni Investor Relevance and Role in Portfolio

Surya Roshni offers exposure to the manufacturing and infrastructure sectors through its steel pipes and lighting businesses. Its inclusion in various indices like Nifty Microcap 250 and S&P BSE Industrials underscores its relevance within specific market segments. Focus on operational efficiency and sectoral demand cycles make it a constituent in thematic and diversified portfolios. Surya Roshni equity is held by a mix of domestic and international institutional investors, reflecting its presence in India’s industrial sector.

Top mutual fund holders include LIC MF Multi Cap Fund and Motilal Oswal Nifty Microcap 250 Index Fund. Global funds such as iShares Core MSCI Emerging Markets ETF, DFA Emerging Markets Core Equity Portfolio, Avantis Emerging Markets Equity ETF, Dimensional Emerging Markets Value Fund, iShares Core MSCI EM IMI UCITS ETF, WisdomTree India Earnings Fund, DFA Emerging Markets Small Cap Series, and Dimensional Emerging Markets ETF also hold stakes. This investor base highlights the stock’s role in emerging market and sector-specific portfolios.

Beyond fundamentals and ownership, Surya Roshni’s stock is monitored in derivatives markets, where activity reflects expectations on sector demand, commodity prices, and quarterly results. Technical indicators such as Surya Roshni RSI, MACD, and MFI provide additional insight into short-term momentum shifts in Surya Roshni stock price. While primarily used for near-term trading, these tools can also help gauge market sentiment around earnings or sector news.

Surya Roshni’s beta has generally been above 1, indicating higher volatility than the broader market. Historical beta figures show Surya Roshni’s beta at 1.14 long-term, with ranges from 0.685 in a three-month daily range to 1.60 in a two-year monthly range. The mean price across these periods varied from ₹232.34 to ₹295.71, with standard deviations between 1.38 and 12.31. These metrics highlight the stock’s sensitivity to market movements, reflecting its position in a cyclical industry where the Surya Roshni share price can experience wider swings compared to the overall market.

Surya Roshni Limited Sectoral Relevance and Peer Positioning

Surya Roshni sector relevance stems from its scale in steel pipes and LED lighting, established distribution, and focus on infrastructure and housing, making it a key player supporting India’s industrial and consumer durable sectors. Peer comparisons with companies like APL Apollo Tubes, Jindal Saw, and Crompton Greaves Consumer Electricals focus on product mix, market share, raw material cost management, and brand strength rather than short-term stock moves. These benchmarks help assess operational scale, efficiency, and positioning within competitive markets.

Surya Roshni’s sectoral importance is also reflected in financial and market metrics that demonstrate its scale and cyclical performance. The Surya Roshni P/E ratio demonstrates how the market values the company’s earnings relative to its growth phases and sector cycles. The P/E ratio history shows significant variation, from 8.13 at the end of 2016 to 26.5 in January 2026 (TTM). It peaked at 19.6 in 2017, fell to 10.1 in 2018, and has since risen, reflecting changing market expectations for earnings growth in the infrastructure-linked manufacturing space.

Alongside valuation, Surya Roshni EPS highlights operational performance and income generation. EPS increased from ₹6.76 in 2016 to ₹6.99 in 2018. The current TTM EPS stands at ₹8.60. These figures provide insight into the company’s per-share profitability over time, corresponding to periods of expansion and consolidation within its business cycles. Surya Roshni market cap underscores its prominence within its segment. Market cap history shows growth from ₹1.57 billion in 2006 to ₹52.48 billion in January 2026.

Notable annual changes include a 123.94% increase in 2017, a 217.36% surge in 2023, and declines of -26.46% in 2024 and -9.69% in 2026. These shifts often mirror the Surya Roshni share price trajectory and sector sentiment. Finally, Surya Roshni earnings trajectory demonstrates cyclical growth. Earnings rose from ₹1.61 billion in 2014 to ₹5.44 billion in 2023, with a TTM figure of ₹4.63 billion for 2025. Annual changes have been volatile, with notable increases of 39.97% in 2017 and 37.15% in 2023, and a decrease of -17.84% in 2024, reflecting the inherent variability in a business tied to commodity prices and infrastructure spending.

Summary

Surya Roshni Limited is a significant player in India’s manufacturing sector, producing steel pipes and lighting products. Its stock market presence spans multiple indices, and its financial performance is closely tied to infrastructure and industrial cycles. The Surya Roshni share price history shows periods of high growth and consolidation, influenced by earnings, sector demand, and broader economic factors. Investors monitor these elements to understand the company’s market position and valuation trends within its competitive industry landscape.