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Sunflag Iron & Steel Company Share Price

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NSEBSE

216.35-3.15 (-1.44%)

03:51 PM,12th Apr 2024

216.30-3.25 (-1.48%)

04:01 PM,12th Apr 2024

BSE : 500404

NSE : SUNFLAG

Sector : Metals & Mining

ISIN Code : INE947A01014

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Last Updated: Apr 12 2024 | 04:01 PM IST

Market Cap (₹ Cr)

3899

Turnover (₹ Cr)

1.51

Volume (Shares)

696925

Face Value

10

52-WK High

248.80

52-WK High Date

02 Aug 2023

52-WK Low

138.75

52-WK Low Date

05 Jun 2023

All Time High

248.80

All Time High Date

02 Aug 2023

All Time Low

1.65

All Time Low Date

01 Aug 2001

Sunflag Iron & Steel Company Ltd

Sunflag Iron and Steel Company Ltd is a prestigious unit of Sunflag Group was promoted by Sunflag UK. The Sunflag Group was founded by Satyadev Bhardwaj in Kenya in 1937. The Company got incorporated in 1984 and is presently engaged in manufacture of Steel products like Rolled products Billets Sponge Iron etc. with a present capacity of 150000 MT of Direct reduced Iron 200000 MT of Mild & Alloy Steel Rolled Products and with captive power plant capacity of 108 million KwH.The company has set up a state of art integrated plant at Bhandara India to produce 200000 tonnes per annum of high quality steel using ironore and non-coking coal as basic inputs. The products are spring steel rounds flats carbon steel and alloy steel. They are used by automobile leaf spring manufacturers engineering goods manufacturers and the forgings industry Spring steel forms 70% of the total production.The plant comprises a 150000 tonnes per annum Direct Reduction Plant to produce sponge iron for captive consumption in the Steel Melting Shop. This shop comprises a 50/60 tonnes ultra high power Electric Are Furnace with Eccentric bottom arrangement; a Ladle auto mould level controller and electromagnetic stirrer. The billets produced at the steel melting shop are rolled at the Mannesmann Demag Designed ultra modern 18 stand Continous mill.This mill has a walking hearth reheating furnace quick roll-changing facilities a 65 metres long walk and wait type modern cooling bed and above all computerised process control linking and controlling the various stages. The company came out with a rights issue in Feb 92 to part-finance the capital cost of a 15.5-MW wast heat recovery project to gain full use of waste gases and coal ash/fires generated in the process of making Sponge Iron.Installation of a new Captive Power Plant of 10 MW is under progress. The company has also started manufacturing high value stainless steel for which tremendous growth of domestic and international market is expected.The Company installed and commissioned a new Captive Power Plant of 10 MW in 2006. It installed Wire Rod Blotk Mill.&Mini Blast Fumance (MBF) commissioned on 14th August 2006 and 14th March 2007 respectively. Sinter Plant commenced its operation on 4th September 2009. A new Direct Reduction Plant (DRP-II) was commissioned on 24th June 2011. The Company commissioned Direct Reduction Plant (DRP-II) with a capacity of 350 TPD together with WHRGS boiler to generate 8 MW power for captive consumption. Besides the commercial production of Blooming Mill was commissioned on 1st April 2012. It installed Fume Extraction System in its Steel Melt Shop area in reducing the pollution during 2013. The Company incorporated a joint venture Company at Faridabad in the National Capital Territory of Delhi with two JV partners -Daido Steel Co. Ltd. Japan and Daido Die & Mold Steel Co. Ltd. Japan on 10th March 2015. It installed alloy feeding system in Ladle re-heating furnace - 2 of Steel Melt Shop wherein alloy materials will be weighed and fed through automatic process in to steel ladle in re-heating process. This system reduced heat cycle time and in turn resulted in improved productivity.During FY 2016-17 the Company took up installation of certain balancing equipment viz. Pulverized Coal Injection System Refurbishing of Mini Blast Furnace; Capacity Enhancement of Sinter Plant and conversion of Heat Recovery Boiler of DRP-I to Dual Operation of FBC and WHRB.During 2018-19 the Company commissioned Induction Furnace in Steel Melt Shop. It commissioned Super Alloy Project and started the commercial production during FY 2020-21. It commissioned Blooming Mill in 2022-23.

Sunflag Iron & Steel Company Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

3899

EPS - TTM (₹) [S]

7.74

P/E Ratio (X) [S]

0.90

Face Value (₹) 10
Latest Dividend (%)5.00
Latest Dividend Date 05 Sep 2019
Dividend Yield (%) -
Book Value Share (₹) [S]241.51
P/B Ratio (₹) [S]0.90
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
Motilal Oswal Nifty Microcap 250 Index Fund-Reg (G) 1.86 99746 0.23
Motilal Oswal Nifty Microcap 250 Index Fund-Dir (G) 1.86 99746 0.23
Groww Nifty Total Market Index Fund-Regular (G) 0.01 447 0.01
Groww Nifty Total Market Index Fund-Direct (G) 0.01 447 0.01

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

215.20

221.80

Week Low/High

198.30

221.80

Month Low/High

175.00

221.80

Year Low/High

138.75

249.00

All time Low/High

1.60

249.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week5.43%5.10%0.000.03%
1 Month10.52%10.72%0.780.82%
3 Month0.00%0.28%2.312.85%
6 Month8.45%8.58%11.8013.77%
1 Year41.87%41.82%22.9426.43%
3 Year244.78%245.33%55.0557.36%

Company Info

Company Information

Chairman & Non Executive Dir. : Ravi Bhushan Bhardwaj

ED / MD / Promoter : Pranav Bhardwaj

Independent Non Exe. Director : Neelam Kothari

Executive Director / Deputy Ma : Surendra Kumar Gupta

Non Executive Director : Surhit Bhardwaj

Executive Director (Fin) & CFO : Muralidhar Rambhatla

Executive Director : Ramchandra Vasant Dalvi

Independent Non Exe. Director : Sajiv Dhawan

Independent Non Exe. Director : A S Kapre

Independent Non Exe. Director : Vinita Bahri

Independent Non Exe. Director : Mattegunta Anjani Venkatramana Goutham

Independent Non Exe. Director : Tirthnath Indranath Jha

Registered Office: 33 Mount Road, Sadar,Nagpur,Maharashtra-440001 Ph: 91-0712-2524661/2520357/358

Email:investor@sunflagsteel.com; admin@sunflagsteel.com

URL:http://www.sunflagsteel.com