Rs 650 crore order book: Mukul Agrawal’s portfolio company secures new order worth Rs 75.40 crore from Gujarat Gas Ltd
The stock gave multibagger returns of over 900 per cent in just 5 years whereas the BSE Small-cap Index is up by 327 per cent.
Surya Roshni Limited has been awarded a domestic order valued at Rs 75.40 crore (including GST) by Gujarat Gas Limited (GGL). The contract entails the supply of 3LPE Coated ERW Steel Pipes (API 5L, X52) across various GGL locations. This order, for PIPE, CS, ERW,3LPE, APISL GR. XS, 6.4 MM, in 4", 6", 8" & 12" sizes, is to be executed within a period of 34 weeks.
Surya Roshni Limited, established in 1973, is a prominent player in India's manufacturing sector, particularly known for being the largest exporter of ERW Pipes and the largest producer of GI Pipes. The company operates primarily in two segments: Steel Pipes & Strips, which contributes approximately 80 per cent of its revenue, and Lighting & Consumer Durables, accounting for the remaining 20 per cent. Surya Roshni has a robust presence in both domestic and international markets, with a significant share in the Gulf Cooperation Council countries.
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The company is actively expanding its manufacturing capacity, with new facilities planned in Bahadurgarh, Gwalior, and Hindupur. It has also made strides in product innovation, launching new consumer durable products and enhancing its LED lighting offerings. Surya Roshni's strategic focus on high-margin products like API & Spiral Pipes and LED lighting has contributed to its growth.
The company has a market cap of over Rs 7,500 crore and has delivered good profit growth of 25.4 per cent CAGR over the last 5 years. As of March 2025, the company has an order book of Rs 650 crore and an ace investor, Mukul Agrawal, owns a 1.01 per cent stake in the company as of March 2025. The stock gave multibagger returns of over 900 per cent in just 5 years whereas the BSE Small-cap Index is up by 327 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.