Sunflag Iron & Steel Company Ltd

NSE
SUNFLAG •
BUY

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Start SIP in Sunflag Iron & Steel Company Ltd
Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
55.90% Gain from 52W Low
5.3
TTM PE Ratio
Below industry Median
26.1
Price to Book Ratio
Below industry Median
1.1
Dividend yield 1yr %
0
TTM PEG Ratio
PEG TTM is negative
-0.3
RSI
RSI is mid-range
42.1
MFI
MFI is mid-range
44.6

Sunflag Iron & Steel Company Ltd Key Financials

*All values are in ₹ Cr.

Sunflag Iron & Steel Company Ltd shareholding Pattern

Promoter
51.2%
Foreign Institutions
0.9%
Mutual Funds
0.1%
Domestic Institutions
0.1%
Public
47.8%

Sunflag Iron & Steel Company Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
4
Bearish Moving Averages
12
5Day EMA
203.20
10Day EMA
205.90
12Day EMA
207.00
20Day EMA
210.40
26Day EMA
211.80
50Day EMA
212.50
100Day EMA
207.60
200Day EMA
193.30
Delivery & Volume
Resistance & Support
203.92
Pivot
Resistance
First Resistance
207.78
Second Resistance
212.12
Third Resistance
215.98
Support
First Support
199.58
Second support
195.72
Third Support
191.38
Relative Strength Index
42.09
Money Flow Index
44.56
MACD
-4.90
MACD Signal
-3.61
Average True Range
9.81
Average Directional Index
19.81
Rate of Change (21)
-12.72
Rate of Change (125)
1.27

Sunflag Iron & Steel Company Ltd Company background

Founded in: 1984
Sunflag Iron and Steel Company Ltd is a prestigious unit of Sunflag Group was promoted by Sunflag UK. The Sunflag Group was founded by Satyadev Bhardwaj in Kenya in 1937. The Company got incorporated in 1984 and is presently engaged in manufacture of Steel products like Rolled products, Billets, Sponge Iron etc., with a present capacity of 150000 MT of Direct reduced Iron, 200000 MT of Mild Alloy Steel Rolled Products and with captive power plant capacity of 108 million KwH.The company has set up a state of art integrated plant at Bhandara, India to produce 200000 tonnes per annum of high quality steel using ironore and noncoking coal as basic inputs. The products are spring steel rounds flats, carbon steel and alloy steel. They are used by automobile leaf spring manufacturers, engineering goods manufacturers and the forgings industry Spring steel forms 70% of the total production.The plant comprises a 1,50,000 tonnes per annum Direct Reduction Plant, to produce sponge iron for captive consumption in the Steel Melting Shop. This shop comprises a 50/60 tonnes ultra high power Electric Are Furnace with Eccentric bottom arrangement a Ladle auto mould level controller and electromagnetic stirrer. The billets produced at the steel melting shop are rolled at the Mannesmann Demag Designed ultra modern 18 stand Continous mill.This mill has a walking hearth reheating furnace, quick rollchanging facilities, a 65 metres long walk and wait type modern cooling bed and above all computerised process control linking and controlling the various stages. The company came out with a rights issue in Feb 92 to partfinance the capital cost of a 15.5MW wast heat recovery project to gain full use of waste gases and coal ash/fires generated in the process of making Sponge Iron.Installation of a new Captive Power Plant of 10 MW is under progress. The company has also started manufacturing high value stainless steel for which tremendous growth of domestic and international market is expected.The Company installed and commissioned a new Captive Power Plant of 10 MW in 2006. It installed Wire Rod Blotk Mill.Mini Blast Fumance (MBF) commissioned on 14th August, 2006 and 14th March, 2007 respectively. Sinter Plant commenced its operation on 4th September 2009. A new Direct Reduction Plant (DRPII) was commissioned on 24th June 2011. The Company commissioned Direct Reduction Plant (DRPII) with a capacity of 350 TPD together with WHRGS boiler to generate 8 MW power for captive consumption. Besides, the commercial production of Blooming Mill was commissioned on 1st April 2012. It installed Fume Extraction System in its Steel Melt Shop area in reducing the pollution during 2013. The Company incorporated a joint venture Company at Faridabad in the National Capital Territory of Delhi with two JV partners Daido Steel Co. Ltd., Japan and Daido Die Mold Steel Co. Ltd., Japan on 10th March, 2015. It installed alloy feeding system in Ladle reheating furnace 2 of Steel Melt Shop wherein alloy materials will be weighed and fed through automatic process in to steel ladle in reheating process. This system reduced heat cycle time and in turn, resulted in improved productivity.During FY 201617, the Company took up installation of certain balancing equipment viz., Pulverized Coal Injection System, Refurbishing of Mini Blast Furnace Capacity Enhancement of Sinter Plant, and conversion of Heat Recovery Boiler of DRPI to Dual Operation of FBC and WHRB.During 201819, the Company commissioned Induction Furnace in Steel Melt Shop. It commissioned Super Alloy Project and started the commercial production during FY 202021. It commissioned Blooming Mill in 202223.
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Sunflag Iron & Steel Company Ltd FAQs

Sunflag Iron & Steel Company Ltd shares are currently priced at 203.45 on NSE and 203.7 on BSE as of 2/29/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.

The past 1-year return of Sunflag Iron & Steel Company Ltd [SUNFLAG] share was 55.36. The Sunflag Iron & Steel Company Ltd [SUNFLAG] share hit a 1-year low of Rs. 129.85 and a 1-year high of Rs. 248.8.

The market cap of Sunflag Iron & Steel Company Ltd is Rs. 3666.56 Cr. as of 2/29/2024 12:00:00 AM.

The PE ratios of Sunflag Iron & Steel Company Ltd is 26.32 as of 2/29/2024 12:00:00 AM.

The PB ratios of Sunflag Iron & Steel Company Ltd is 0.84 as of 2/29/2024 12:00:00 AM

The Mutual Fund Shareholding was 0.06% at the end of 2/29/2024 12:00:00 AM.

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