Sunflag Steel

Nagpur, India Founded: 1989 • Age: 37 yrs Listed
Sunflag Steel is engaged in manufacturing high-quality steel products.

About Sunflag Steel

Sunflag Steel is a publicly listed company based in Nagpur (India) founded in 1989. Sunflag Steel is engaged in manufacturing high-quality steel products. It operates on a Reseller / Distribution and Direct-to-Consumer (D2C) model. The company has 3,800 employees. Its website sunflagsteel.com draws about 16 thousand monthly visits. Its Indian entity Sunflag Iron And Steel Co Ltd reported revenue of ₹4,071 Cr. Sunflag Steel offers products and services including Special Alloy Steel and Stainless Steel. Its focus areas include Manufacturing, Steel Production and Alloy and Stainless Steel.

Company details

Sunflag Steel, based in Nagpur, India, is recognized for producing high-quality steel, including special alloy and stainless steel. Operations are conducted through an integrated plant near Nagpur, with additional facilities in Bhandara. The company is committed to sustainable practices, incorporating clean steel technology and eco-friendly solutions. Steel products are supplied to various industrial sectors, with a focus on precision and durability. Research and development efforts are prioritized to enhance technological capabilities and maintain industry standards. Multiple branches across India ensure widespread distribution and customer support.

  • Headquarters Nagpur, India
  • Employees 3,800
  • Stage Public
  • Sectors
    Industrial Goods & Manufacturing
  • Phone
    •••• ••••
  • Website sunflagsteel.com
  • Social LinkedIn X Facebook Instagram YouTube
  • Legal Name Sunflag Iron & Steel Co. Ltd.
Key Metrics
  • Market Cap
    ₹6,947 Cr

    SUNFLAG · NSE

  • Share Price
    ₹374.90

    -2.75% today

  • Revenue
    ₹4,053 Cr

    FY 2025-26 · +10.9% YoY

  • EBITDA
    ₹468 Cr

    Margin 11.6%

  • Net Profit
    ₹209 Cr

    FY 2025-26 · +29.1% YoY

  • P/E (TTM)
    34.9x

    P/B 0.9x

  • ROE
    2.4%

    ROCE 4.1%

  • Debt / Equity
    0.07

    Interest cover 20.4x

  • Employee Count
    3,800

Products & Services of Sunflag Steel

Sunflag Steel offers a comprehensive portfolio of products and services, including Special Alloy Steel and Stainless Steel.

Special Alloy Steel
Steel Products

High-quality alloy steel is produced for industrial applications.

Stainless Steel
Steel Products

Durable stainless steel is manufactured for various sectors.

Apps and channels of Sunflag Steel

its YouTube channel Sunflag Iron and Steel Company Limited has 971 subscribers and 15 videos.

Sunflag Iron and Steel Company Limited
YouTube 971 subscribers 15 videos Science & Technology
Open channel

Videos from Sunflag Steel

The most watched videos on Sunflag Steel's YouTube channel, Sunflag Iron and Steel Company Limited (971 subscribers). Click a video to play it here.

SUNFLAG IRON AND STEEL BUSINESS FILM
49.8K views
Sunflag Iron and Steel Official Company Vídeo
31.8K views
Sunflag Iron and Steel
6.6K views
160 acre plant located in Bhandara, Maharashtra
6.6K views

More on Sunflag Iron and Steel Company Limited.

Board of directors of Sunflag Iron And Steel Co Ltd (Sunflag Steel)

Sunflag Iron And Steel Co Ltd is the primary company behind Sunflag Steel. The board of Sunflag Iron And Steel Co Ltd currently have 8 directors; the longest-serving is Ravi Bhushan Satya Dev Bhardwaj, appointed in 1998. 25 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Ravi Bhushan Satya Dev Bhardwaj
DIN 00054700
Director01 Oct 199828 yrsSunflag Iron And Steel Co Ltd
Pranav Ravi Bhardwaj
DIN 00054805
Managing Director03 Feb 200026 yrs 8 moSunflag Iron And Steel Co Ltd
Suhrit Ravi Bhushan Bhardwaj
DIN 02318190
Director27 Mar 20179 yrs 6 moSunflag Iron And Steel Co Ltd
Ramchandra Vasant Dalvi
DIN 00012065
Whole-time director14 Aug 20179 yrs 2 moSunflag Iron And Steel Co Ltd
Anand Sadashiv Kapre
DIN 00019530
Director12 Nov 20196 yrs 11 moSunflag Iron And Steel Co Ltd
Vinita Bahri
DIN 03109454
Director13 Mar 20206 yrs 7 moSunflag Iron And Steel Co Ltd
Mattegunta Goutham Anjani Venkatramana
DIN 00101447
Director12 Aug 20224 yrs 2 moSunflag Iron And Steel Co Ltd
Tirthnath Jha Indranath
DIN 07593002
Director03 Sep 20224 yrs 1 moSunflag Iron And Steel Co Ltd

People of Sunflag Steel

29 people are tracked at Sunflag Steel (6 in leadership, 7 in board & advisors, 16 in team); the tracked headcount is 3,800.

NameRoleGroup
Managing DirectorLeadership
Director of TechnicalLeadership
Surendra Kumar Gupta
Deputy Managing DirectorLeadership
S. Mahadevan
Chief Financial OfficerLeadership
Rambhatla Muralidhar
Executive Director, FinanceLeadership
Shripad Jirafe
Section HeadLeadership
Non-Executive, Non-Independent DirectorBoard & advisors
Sajiv Dhawan
Independent, Non-Executive DirectorBoard & advisors
Independent, Non-Executive DirectorBoard & advisors
Neelam Kothari
Independent, Non-Executive DirectorBoard & advisors
Independent, Non-Executive DirectorBoard & advisors
Independent, Non-Executive DirectorBoard & advisors
Independent, Non-Executive DirectorBoard & advisors
Roushan Jha
Senior Human Resources OfficerTeam
Mayank Dhawan
HR GeneralistTeam
Somesh Dixit
Mechanical EngineerTeam
Prashant Singh
Sr EngineerTeam
Umesh Balpande
Sr. EngineerTeam
Selvamani Selvam
ExecutiveTeam
Pradyut Tripathy
Senior Engineer SuperalloysTeam

9 more people are available in the full profile.

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Complete people profiles for Sunflag Steel

Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.

  • Full employee list
  • Team structure
  • Board tenure
  • Professional contacts

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IPO & Listings of Sunflag Steel

Sunflag Steel is a publicly listed company on the NSE with ticker symbol SUNFLAG in India, operating in the Non-energy minerals sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date29 Sep 2005
  • Listed onNSE: SUNFLAG
  • Listed entitySunflag Iron & Steel Co. Ltd.
  • Exchange sectorNon-energy minerals
  • ISININE947A01014
  • Share price₹444.75 (+0.51% on the day) · 2026-10-14
  • Market capitalisation₹7,992 Cr
  • Price to earnings38.9
  • EPS (diluted, trailing year)₹11.42
  • Dividend yield0.23%
  • Volume (last session)66,406

Financials of Sunflag Steel

Exchange-reported figures of Sunflag Iron And Steel Co Ltd, the listed company behind Sunflag Steel (NSE: SUNFLAG).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹4,053 Cr
+10.9% YoY
EBITDA
₹468 Cr
+20.2% YoY
Profit After Tax
₹209 Cr
+29.1% YoY
Net Worth
₹8,873 Cr
+1.2% YoY
Total Assets
₹9,425 Cr
+0.1% YoY
Total Debt
₹524 Cr
-16.0% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue4,0533,6533,5023,5602,7181,9221,826
Revenue growth+10.9%+4.3%-1.6%+31.0%+41.4%+5.3%-
EBITDA468389375446398254170
EBITDA margin+11.6%+10.7%+10.7%+12.5%+14.7%+13.2%+9.3%
Profit before tax3012121831,48528516693.84
Net profit20916214422421714192.05
Net profit margin+5.2%+4.4%+4.1%+6.3%+8.0%+7.3%+5.0%
EPS (₹)11.238.997.9661.8812.047.805.11
Balance sheet
Total assets9,4259,4145,9363,9922,3801,8581,839
Net worth8,8738,7665,1643,3421,7491,5331,385
Total debt524624727609587268387
Cash & bank23015825311867.6370.5753.17
Net working capital975895876671805547555
Cash flow
Cash from operations39019224427843.19223209
Cash from investing(122)(91.29)(83.26)(219)(335)(59.97)(125)
Cash from financing(188)(194)21.21(63.26)289(151)(79.15)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,0791,0019429731,023883892866
Revenue growth (YoY)+5.5%+13.3%+5.7%+12.4%+14.4%---
Other income12.603.302.972.249.633.132.768.30
EBITDA11912412310112010011098.52
EBITDA margin+11.1%+12.4%+13.1%+10.4%+11.7%+11.4%+12.4%+11.4%
Depreciation29.9028.3730.8027.0126.9926.4026.0526.00
Interest14.0117.6617.2116.8120.5421.8721.5125.18
Profit before tax88.0181.3478.2559.3481.8955.2965.5755.64
Tax21.9647.0618.3113.8019.2812.0415.4314.67
Net profit66.0534.2859.9445.5462.6143.2550.1440.97
EPS (₹)3.661.903.332.533.472.402.782.26
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue4,0533,6533,5023,5602,7181,9221,826
Revenue growth+10.9%+4.3%-1.6%+31.0%+41.4%+5.3%-
EBITDA468389375446398247171
EBITDA margin+11.6%+10.7%+10.7%+12.5%+14.7%+12.9%+9.3%
Profit before tax2992111811,48428415994.33
Net profit20716214222321613492.56
Net profit margin+5.1%+4.4%+4.0%+6.3%+8.0%+7.0%+5.1%
EPS (₹)11.138.987.8661.8312.017.415.14
Balance sheet
Total assets9,4129,3925,9143,9722,3621,8401,835
Net worth8,8658,7505,1483,3291,7361,5211,387
Total debt520620722605582264382
Cash & bank22815725211766.3769.3451.97
Net working capital974893875669804545554
Cash flow
Cash from operations39019224427843.16223208
Cash from investing(122)(91.32)(83.17)(219)(335)(59.97)(126)
Cash from financing(188)(194)21.22(63.28)289(151)(79.12)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,0791,0019429731,023883892866
Revenue growth (YoY)+5.5%+13.3%+5.7%+12.4%+14.4%---
Other income10.512.962.132.229.062.652.758.28
Total expenses960877819872903783781767
EBITDA11912412310112010011198.52
EBITDA margin+11.1%+12.4%+13.1%+10.4%+11.7%+11.4%+12.4%+11.4%
Depreciation29.9028.3730.8027.0126.9926.4026.0526.00
Interest14.0117.6617.2116.8120.5421.8721.5125.18
Profit before tax85.9281.0177.4159.3781.3254.8265.8755.62
Tax21.9647.0618.3113.8019.2812.0415.4314.67

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 23 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,0791,0019429731,023883892866
Revenue growth (YoY)+5.5%+13.3%+5.7%+12.4%+14.4%---
Other income12.603.302.972.249.633.132.768.30
EBITDA11912412310112010011098.52
EBITDA margin+11.1%+12.4%+13.1%+10.4%+11.7%+11.4%+12.4%+11.4%
Depreciation29.9028.3730.8027.0126.9926.4026.0526.00
Interest14.0117.6617.2116.8120.5421.8721.5125.18
Profit before tax88.0181.3478.2559.3481.8955.2965.5755.64
Tax21.9647.0618.3113.8019.2812.0415.4314.67
Net profit66.0534.2859.9445.5462.6143.2550.1440.97
EPS (₹)3.661.903.332.533.472.402.782.26
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue4,0533,6533,5023,5602,7181,9221,826
Revenue growth+10.9%+4.3%-1.6%+31.0%+41.4%+5.3%-
Other income18.0916.808.021,2015.1411.3311.22
Total expenses3,5843,2643,1263,1142,3201,6681,656
Employee cost15113712110897.8692.4697.34
EBITDA468389375446398254170
EBITDA margin+11.6%+10.7%+10.7%+12.5%+14.7%+13.2%+9.3%
Depreciation11310410380.6476.3170.2046.22
Interest72.2289.9096.7181.1042.2529.4841.25
Profit before tax3012121831,48528516693.84
Tax98.4549.6839.8137067.9025.081.77
Net profit20916214422421714192.05
Net profit margin+5.2%+4.4%+4.1%+6.3%+8.0%+7.3%+5.0%
EPS (₹)11.238.997.9661.8812.047.805.11
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital180180180180180180180
Reserves & surplus8,6928,5864,9843,1621,5691,3531,205
Shareholders' funds (net worth)8,8738,7665,1643,3421,7491,5331,385
Minority interest1.621.601.581.561.541.521.46
Secured loans457553652509430146289
Unsecured loans67.4671.5274.6810015612297.79
Total debt524624727609587268387
Total liabilities9,4259,4145,9363,9922,3801,8581,839
Assets
Gross block2,1631,9651,9011,8651,4451,3062,047
Net block1,5771,4851,5251,5911,2521,1901,147
Capital work in progress214297281193373173233
Investments7,6927,7793,6421,72616.5916.0010.75
Inventories976931833866837544563
Sundry debtors339362346315276210222
Cash & bank balances23015825311867.6370.5753.17
Loans & advances18911685.0888.1816881.10105
Total current assets1,7341,5671,5171,3871,349906943
Total current liabilities759672641717544359387
Net working capital975895876671805547555
Total assets9,4259,4145,9363,9922,3801,8581,839
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash10119411.4915.9418.636.411.84
Net cash from operating activities39019224427843.19223209
Net cash from investing activities(122)(91.29)(83.26)(219)(335)(59.97)(125)
Net cash from financing activities(188)(194)21.21(63.26)289(151)(79.15)
Net change in cash80.68(92.62)182(4.45)(2.69)12.224.57
Closing cash23015825311867.6370.5753.17
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+10.9%+4.3%-1.6%+31.0%+41.4%+5.3%-
EBITDA growth+20.2%+3.8%-15.9%+11.9%+56.8%+49.4%-
PBT growth+42.1%+15.5%-87.7%+421.2%+72.0%+76.6%-45.4%
Net income growth+29.1%+12.9%-35.8%+3.0%+54.3%+52.8%-
Revenue CAGR (3Y)+4.4%+10.4%+22.1%+24.9%+7.5%-2.5%+6.4%
EBITDA CAGR (3Y)+1.6%-0.8%+13.9%+37.9%+18.8%+2.4%+5.4%
Profitability & leverage
Net income margin+5.0%+4.4%+4.1%+31.3%+8.0%+7.3%+5.0%
Return on capital employed+4.1%+4.1%+6.1%+13.2%+18.5%+13.1%+9.6%
Return on net worth+2.4%+2.5%+3.7%+10.2%+16.7%+12.8%+9.4%
Debt / equity0.070.100.170.270.330.300.38
Long-term debt / equity0.020.040.100.160.170.170.12
Interest cover20.3531.5635.5522.2113.1216.0333.30
Efficiency & per share
Fixed asset turnover2.342.302.312.742.641.461.19
Inventory turnover4.254.144.124.183.943.473.28
Debtors turnover11.5610.3210.5912.0311.178.907.19
EPS (₹)11.238.997.9661.8812.047.805.11
Dividend per share (₹)1.000.750.000.000.000.000.00
Book value per share (₹)474.06467.65266.78164.7278.3365.6056.72
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,0791,0019429731,023883892866
Revenue growth (YoY)+5.5%+13.3%+5.7%+12.4%+14.4%---
Other income10.512.962.132.229.062.652.758.28
Total expenses960877819872903783781767
EBITDA11912412310112010011198.52
EBITDA margin+11.1%+12.4%+13.1%+10.4%+11.7%+11.4%+12.4%+11.4%
Depreciation29.9028.3730.8027.0126.9926.4026.0526.00
Interest14.0117.6617.2116.8120.5421.8721.5125.18
Profit before tax85.9281.0177.4159.3781.3254.8265.8755.62
Tax21.9647.0618.3113.8019.2812.0415.4314.67
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue4,0533,6533,5023,5602,7181,9221,826
Revenue growth+10.9%+4.3%-1.6%+31.0%+41.4%+5.3%-
Other income16.3716.466.071,2004.5110.9211.16
Total expenses3,5843,2643,1263,1142,3201,6751,656
Employee cost15113712110897.8692.4697.34
EBITDA468389375446398247171
EBITDA margin+11.6%+10.7%+10.7%+12.5%+14.7%+12.9%+9.3%
Depreciation11310410380.6576.3170.1846.20
Interest72.2289.9096.7181.1042.2529.4841.25
Profit before tax2992111811,48428415994.33
Tax98.4549.6839.8137067.8925.081.77
Net profit20716214222321613492.56
Net profit margin+5.1%+4.4%+4.0%+6.3%+8.0%+7.0%+5.1%
EPS (₹)11.138.987.8661.8312.017.415.14
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital180180180180180180180
Reserves & surplus8,6858,5704,9683,1481,5561,3411,206
Shareholders' funds (net worth)8,8658,7505,1483,3291,7361,5211,387
Secured loans457553652529503178289
Unsecured loans63.1867.2470.4076.5679.2486.2593.51
Total debt520620722605582264382
Total liabilities9,4129,3925,9143,9722,3621,8401,835
Assets
Gross block2,1611,9631,8991,8631,4431,3042,045
Net block1,5751,4831,5231,5901,2501,1881,145
Capital work in progress201274258170350150210
Investments7,6957,7843,6471,72213.8913.8914.50
Inventories976931833866837544563
Sundry debtors339362346315276210222
Cash & bank balances22815725211766.3769.3451.97
Loans & advances18911685.0788.1816881.10105
Total current assets1,7331,5661,5151,3861,348904942
Total current liabilities759672641717544359387
Net working capital974893875669804545554
Total assets9,4129,3925,9143,9722,3621,8401,835
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash99.7919210.1814.6817.405.211.61
Net cash from operating activities39019224427843.16223208
Net cash from investing activities(122)(91.32)(83.17)(219)(335)(59.97)(126)
Net cash from financing activities(188)(194)21.22(63.28)289(151)(79.12)
Net change in cash80.62(92.60)182(4.50)(2.72)12.193.60
Closing cash22815725211766.3769.3451.97
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+10.9%+4.3%-1.6%+31.0%+41.4%+5.3%-
EBITDA growth+20.2%+3.8%-15.9%+11.9%+61.1%+45.0%-
PBT growth+41.5%+16.5%-87.8%+422.0%+79.3%+68.1%-45.3%
Net income growth+28.3%+14.2%-36.4%+3.0%+62.1%+44.3%-
Revenue CAGR (3Y)+4.4%+10.4%+22.1%+24.9%+6.8%-2.5%+6.4%
EBITDA CAGR (3Y)+1.6%-0.8%+14.9%+37.7%+18.8%+1.5%+5.5%
Profitability & leverage
Net income margin+5.0%+4.4%+4.0%+31.3%+8.0%+7.0%+5.1%
Return on capital employed+4.1%+4.1%+6.1%+13.2%+18.6%+12.7%+9.7%
Return on net worth+2.4%+2.5%+3.7%+10.2%+16.9%+12.2%+9.4%
Debt / equity0.070.100.170.270.330.290.37
Long-term debt / equity0.020.040.100.160.170.170.12
Interest cover20.3531.5635.5522.2113.1216.6433.15
Efficiency & per share
Fixed asset turnover2.342.312.312.742.641.461.19
Inventory turnover4.254.144.124.183.943.473.28
Debtors turnover11.5610.3210.5912.0311.178.907.19
EPS (₹)11.138.987.8661.8312.017.415.14
Dividend per share (₹)1.000.750.000.000.000.000.00
Book value per share (₹)473.67466.76265.91163.9677.6264.9356.79

Web traffic of Sunflag Steel

The website of Sunflag Steel (sunflagsteel.com) receives about 16.3K visits a month.

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    16.3K

    ▲ 174.6% vs previous month

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Frequently Asked Questions about Sunflag Steel

Sunflag Steel was founded in 1989.

Sunflag Steel is headquartered in Nagpur, India. It is registered at Nagpur, Maharashtra, India.

Sunflag Steel has 3,800 employees.

The primary company behind Sunflag Steel, Sunflag Iron And Steel Co Ltd, reported revenue of ₹4,071 Cr for FY 2026, up 11% year on year.

Sunflag Steel, based in Nagpur, India, is recognized for producing high-quality steel, including special alloy and stainless steel. Operations are conducted through an integrated plant near Nagpur, with additional facilities in Bhandara. The company is committed to sustainable practices, incorporating clean steel technology and eco-friendly solutions. Steel products are supplied to various industrial sectors, with a focus on precision and durability. Research and development efforts are prioritized to enhance technological capabilities and maintain industry standards. Multiple branches across India ensure widespread distribution and customer support.

Sunflag Steel offers Special Alloy Steel and Stainless Steel.

Yes, Sunflag Steel is publicly traded on NSE under the ticker symbol SUNFLAG.

Sunflag Steel operates through Sunflag Iron And Steel Co Ltd.

The legal entities of Sunflag Steel currently have 10 directors, including Pranav Ravi Bhardwaj, Suhrit Ravi Bhushan Bhardwaj, Ashutosh Mishra and others.

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