This small-cap stock in the lighting segment is trending today!

The stock surged 4.5% on Thursday.

On December 15, the market is trading in red. At 9:50 am, the S&P BSE Sensex is trading at 62391.47 down 0.46%, while NIFTY50 closed at 18578.90, down 0.44%. Regarding sectoral performance, Power and Healthcare are outperformers, while IT and Metal are among the top losers. Talking about stock-specific action, Surya Roshni Ltd is among the top gainers in BSE group ‘A’.

Talking about a stock-specific action, Surya Roshni Ltd is the top gainer among S&P BSE group ‘A’ companies. The company has a market capitalisation of Rs 2,867.35 crore and belongs to BSE small cap index.

The shares of Surya Roshni Ltd are trading at Rs 527, up by 4.5% from its previous close of Rs 504.75. The stock opened at Rs 507.9 and so far, has made an intraday high and low of Rs 530.1 and Rs 507, respectively.

Surya Roshni Ltd is India's top exporter of ERW (Electrical Resistance Welding) pipes, the top manufacturer of GI (Galvanised Iron) pipes, and 2nd largest player in the domestic lighting industry.

In FY22, the company delivered excellent results. For FY22, the company’s revenue increased by 39%, while its net profit jumped by 29.5%, reported at Rs 204.92 crore. For the latest September quarter, the company reported total revenue of Rs 1984 crore with 2% YoY growth. For the same quarter, the net profit increased significantly by 55% YoY from Rs 44 crore in Q2 FY22 to Rs 68 crore. As per the FY22 period ending, the company has ROE and ROCE of 14% and 16%, respectively.

About the shareholding pattern, 62.96% is owned by the promoters, 1.18% by FIIs, 0.04% by DIIs, 1.89% by Surya Roshni Employees Welfare Trust, and the rest 33.93% by non-institutional investors.

The stock is trading at a TTM PE of 12.89x and has a 52-week high and low of Rs 868.4 and Rs 336.05, respectively.