Surya Roshni Limited Surya Roshni Limited will host an earnings conference call on August 11, 2026, at 4:00 PM IST to discuss its financial and operational performance for the quarter ended June 30, 2026. This event provides investors with a direct opportunity to engage with the company’s leadership regarding Q4FY27 results and strategic updates ahead of the formal board meeting scheduled for the same day.

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company notified the Stock Exchange, Mumbai, and the National Stock Exchange of India Ltd on August 05, 2026, at 10:00 AM. An investor presentation covering the unaudited financial results for the quarter will also be released following the board meeting.

Conference Call Participants

The session will feature key executives from across the organization, offering insights into both the steel and lighting segments:

• Raju Bista, Managing Director
• B. B. Singal, CFO & Company Secretary
• Kumar Gaurav Jain, CEO, Steel
• Vasumitra Pandey, CEO, Lighting & Consumer Durables
• Naresh Singhal, Executive Director, Steel

Access Details

Investors can join the group meet via the following access numbers:

For registration assistance, participants may contact Strategic Growth Advisors Pvt. Ltd., specifically Mr. Jigar Kavaia or Mr. Parin Narichania, at +91 9920602034 or +91 9930025733.

Surya Roshni has secured a confirmed work order valued at Rs 17.89 crore from an international client for the supply of ERW (Electric Resistance Welded) Carbon Steel Pipes of API 5L Grade. The filing specifies an execution timeline extending up to June 2026. The awarding entity's name has not been disclosed in the regulatory filing.

WHAT HAPPENED

The company received a formal work order, classifying this as a Type A confirmed contract with firm and executable value. The scope involves the supply of API 5L Grade carbon steel pipes, a standard specification used in oil and gas transmission infrastructure. The order was disclosed to the exchange on April 27, 2026.

ORDER IN FINANCIAL CONTEXT

The Rs 17.89 crore order value constitutes approximately 0.9% of the company's pre-computed average quarterly revenue of Rs 1898.58 crore. When viewed against the broader pipeline, the total disclosed order book sums to Rs 154.11 crore across 3 orders (sum of the 3 orders disclosed across the last 3 fiscal quarters shown in the table below). This results in a book-to-bill ratio of 0.02x when divided by trailing twelve-month revenue. The existing backlog covers only 0.08 quarters of average quarterly revenue, indicating that the company operates on a make-to-order or short-cycle model where backlog accumulation is minimal relative to the scale of operations.

COMPANY ORDER TRACK RECORD

Order inflow velocity appears stable, with the recent quarter showing consistent activity. The current order size is consistent with the company's typical per-order magnitude visible in recent filings.

EXECUTION AND REVENUE QUALITY

The company demonstrates stable revenue conversion with no signs of execution stress in recent quarters. Operating profit margins have remained resilient.

REVENUE GROWTH - ORDER WINS TRANSLATING TO REVENUE

As Surya Roshni has sustained order wins, its annual revenue has grown from Rs 7465.60 crore in FY25 to Rs 7540.42 crore in FY26, representing a YoY growth of +1.0% based on the latest annual data. However, net profit declined by 20.5% in FY26 compared to the previous year, suggesting margin compression despite top-line stability.

WORKING CAPITAL AND EXECUTION CAPACITY

The company exhibits strong liquidity with a current ratio of 3.21x, indicating ample working capital to execute new orders without funding constraints. The Total Liabilities/Equity ratio stands at a conservative 0.35x, reflecting a low-leverage balance sheet structure. Operating cashflow remained robust at Rs 394.80 crore in FY25, supporting healthy free cashflow generation.

WHAT TO WATCH

• Execution rate: Monitor whether quarterly revenue run-rate accelerates as new orders are onboarded, given the low backlog coverage.
• OPM trajectory: Track if operating margins on these international pipe orders improve upon the historical average of 6.4% to 7.5%.
• Client concentration: The awarding entity remains undisclosed; monitor future filings for clarity on buyer identity and concentration risk.
• Margin quality: Watch for any impact of raw material price volatility on the fixed-price nature of API grade steel contracts.

KEY OBSERVATIONS

• Backlog signal: Book-to-bill of 0.02x. At this level, execution capacity is not constrained by backlog depth, but rather by continuous order acquisition velocity.
• Margin stress: Net profit decline of 20.5% YoY in FY26 despite revenue growth, signaling potential input cost pressures or mix shifts that warrant monitoring.