Suraj

Suraj Net Debt/Equity

The Net Debt to Equity Ratio of Suraj (SURAJLTD.NS) as of Oct 23, 2026 is 0.44. In the previous year, Net Debt to Equity Ratio was 0.48 — a change of -9.15% (lower).

Net Debt/Equity

0.44

YoY

-9.15%

Last updated:

Net Debt to Equity Ratio of Suraj is 2026 0.44 . Net Debt to Equity Ratio of Suraj was 2025 0.48 . It decreases by -9.15% lower compared to the previous year.

The Suraj Net Debt/Equity history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

Net Debt/Equity
Date
Net Debt/Equity
Jan 1, 2016
1.36 INR
Jan 1, 2017
1.29 INR
Jan 1, 2018
1.26 INR
Jan 1, 2019
1.08 INR
Jan 1, 2020
0.88 INR
Jan 1, 2021
0.62 INR
Jan 1, 2025
0.48 INR
Jan 1, 2026
0.44 INR
The Suraj Net Debt/Equity history
YEARNet Debt/EquityYoY
0.44-9.15%
0.48-22.71%
0.62-29.40%
0.88-18.34%
1.08-14.59%
1.26-2.02%
1.29-5.30%
1.36+2.17%
1.33-2.64%
1.37—

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Suraj Stock analysis

What does Suraj do? Suraj Ltd. generates revenue through the manufacture and export of stainless steel products, including seamless heat exchanger tubes, U-tubes, instrumentation tubes, and various polished and mechanical tubes. The company serves domestic and international markets, exporting to approximately 70 countries, with a specialization in tubing for heat exchangers, low-pressure/high-pressure heaters, condensers, and heating elements. Its product portfolio includes seamless pipes, buttweld fittings, flanges, stub ends, and forged rings, catering to industries such as pharmaceuticals, dyes and pigments, oil, gas, and refineries. The company operates two plants in Mehsana, Gujarat, and is recognized as a Government of India-recognized export house. The primary buyers of Suraj Ltd.'s products are industries requiring specialized stainless steel components, including pharmaceutical manufacturers, dyes and pigments producers, and oil and gas sector entities. The company's focus on heat exchanger tubing and high-pressure applications drives demand from refineries and industrial facilities. Suraj Ltd. leverages its export house status to reach global clients across 70 countries, emphasizing quality and technical specifications for industrial applications. Suraj Ltd. differentiates itself through its specialized product lines, such as annealed and pickled tubes with 30-meter lengths, which are tailored for specific industrial uses. Its domestic and international market presence allows it to serve both local and global clients, with a strong emphasis on export-driven revenue. The company's manufacturing capabilities in Mehsana, Gujarat, support its production of high-quality stainless steel products for diverse industrial segments. Suraj is one of the most popular companies on Eulerpool.

Frequently Asked Questions about Suraj stock

Net Debt to Equity Ratio of Suraj is 0.44 in 2026.

Net Debt to Equity Ratio of Suraj changed from 0.48 to 0.44, representing a -9.15% change. The value is lower than the previous year.

On Eulerpool you can find the complete historical development of Net Debt to Equity Ratio Suraj since 2006 – with annual values, charts, and detailed analysis.

Net Debt/Equity adjusts the debt-to-equity ratio by subtracting cash from total debt. It provides a more accurate picture of actual leverage.

A 'good' varies by industry and company stage. On Eulerpool, you can compare Net Debt to Equity Ratio's Suraj with sector peers and the industry average to assess whether it is attractive.

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