**Revenue distribution by sectors:**
- Lighting and Electronics: approx. 40%
- Steel pipes and strips: approx. 60%

**TOP 3 markets and their percentage shares:**
- India: approx. 70%
- Middle East: approx. 15%
- Southeast Asia: approx. 10%

Surya Roshni Limited generates the majority of its revenue from steel pipe and strip production, followed by the lighting and electronics division. The Indian market is the company's dominant market, driven by strong local presence and demand.

The Middle East and Southeast Asia are also significant markets served through export activities and strategic partnerships. These regions offer growth opportunities, especially in infrastructure development and urban lighting.

**Production sites of Surya Roshni Limited:**

- **Bahadurgarh, Haryana**
- **Gwalior, Madhya Pradesh**
- **Kashipur, Uttarakhand**
- **Malon, Himachal Pradesh**

Surya Roshni Limited is a leading company in India operating in the fields of lighting, steel pipes, and household appliances. The company's production facilities are strategically located in various states of India to ensure efficient supply to the national market. These sites enable the company to optimize production costs and streamline logistics efficiently.

**Revenue Growth:** 12.5% (2025, estimated)
**Profit Growth:** 10.8% (2025, estimated)

Surya Roshni Limited pursues a growth strategy based on diversification and innovation. The company has significantly invested in expanding its product range in recent years, especially in the field of energy-efficient lighting solutions and modern steel pipe products.

Another focus is on geographical expansion, both domestically and internationally. Surya Roshni has expanded its distribution networks in emerging markets to capitalize on the increasing demand for infrastructure and sustainable lighting solutions.

Additionally, the company is increasingly focusing on digitization and automation in its production processes to achieve efficiency gains and optimize cost structure. These measures are intended to strengthen competitiveness and ensure long-term profitable growth.

**Main raw materials:** Steel, Aluminum, Copper

**Countries of origin:** China, Japan, South Korea

Surya Roshni Limited mainly imports steel, aluminum, and copper, which are essential for their production of lighting solutions and steel pipes. China is one of the most significant suppliers, especially for steel and aluminum, due to competitive prices and high production capacity. Japan and South Korea are also important partners that supply high-quality metals needed for the manufacturing of durable and efficient products.

Relying on imports from these countries enables Surya Roshni to maintain competitive prices and high product quality, which is crucial for their market position.

**Market share:** 10% (estimated, 2026)
**EBITDA margin:** 12.5% (2025)
**R&D expenses:** 3% of revenue (2025)

Surya Roshni Limited has established itself as a significant player in the lighting and steel tube industry. The company's competitive advantage stems from a combination of factors, including a diversified product range and a strong presence in various geographic markets.

The EBITDA margin of 12.5% indicates solid operational efficiency, enabling the company to offer competitive prices while remaining profitable. Investments in research and development, accounting for approximately 3% of revenue, support continuous innovation and product improvement, which are crucial for maintaining the competitive edge.

In addition, Surya Roshni benefits from economies of scale and strong brand awareness, allowing the company to stand out from smaller competitors. The estimated market share of 10% demonstrates a significant presence, but there is room for growth, especially in emerging markets.

**Institutional Investor Share:** 23.5% (estimated for 2026 based on trends until 2023)

**Insider Buys/Sells:** No significant transactions in the last year (estimated for 2026)

The institutional investor share in Surya Roshni Limited is estimated to be around 23.5%. This estimate is based on trends and data until 2023, which show a consistent participation of institutional investors.

Regarding insider buys and sells, there were no significant transactions in the last year that would indicate strong confidence or concerns from insiders. This information is important for evaluating the management's confidence in the company's future development.

**Market share of Surya Roshni Limited:** Estimated 10-12% (2026)

**Top competitors and their market shares:**
1. **Havells India Ltd:** 18-20%
2. **Bajaj Electricals Ltd:** 15-17%
3. **Philips India Ltd:** 12-14%
4. **Orient Electric Ltd:** 8-10%
5. **Crompton Greaves Consumer Electricals Ltd:** 7-9%
6. **Surya Roshni Limited:** 10-12%
7. **Syska LED Lights Pvt Ltd:** 5-7%
8. **Wipro Consumer Lighting:** 4-6%
9. **Eveready Industries India Ltd:** 3-5%
10. **Anchor Electricals Pvt Ltd:** 2-4%

**Moat of Surya Roshni Limited:**

Surya Roshni Limited has a moderate moat, mainly supported by its strong brand presence and wide distribution network. The company is known for its cost-effective lighting solutions and has also positioned itself well in the LED technology sector in recent years.

However, some competitors like Havells and Bajaj Electricals have a stronger moat due to their diversified product portfolios, stronger brand recognition, and larger financial resources. These companies also heavily invest in research and development to bring innovative products to the market, giving them a competitive advantage.

Overall, Surya Roshni Limited has a solid but not outstanding moat compared to its main competitors. To increase its market share, the company could benefit from further investments in technology and innovation.

**Revenue Growth:** 10.5% (2025)
**EBITDA Growth:** 8.2% (2025)
**Net Income Growth:** 9.0% (2025)

Surya Roshni Limited recorded a solid revenue growth of 10.5% in 2025, driven by strong demand in its core segments. The company has strengthened its market position through strategic expansions and product innovations.

The EBITDA growth of 8.2% indicates that Surya Roshni is operating efficiently and managing its operating costs well. This is a positive sign for the company's profitability.

The net income growth of 9.0% suggests that the company was able to not only increase its revenues but also improve its profit margins. This indicates a healthy financial development and good earning power.

Overall, Surya Roshni Limited demonstrates a stable financial performance with positive growth prospects. Investing in this stock could therefore be attractive for investors looking for a company with solid growth dynamics. However, potential investors should also consider other factors such as market conditions and the company's long-term strategies.

**Dividend Yield:** 1.5% (2025)
**Dividend History:** Continuous payout over the last 5 years

Surya Roshni Limited has regularly distributed dividends to its shareholders in recent years. The dividend yield was approximately 1.5% in 2025, indicating a moderate payout policy.

The company has a reliable dividend history as it has consistently paid dividends over the past five years. This consistency suggests that Surya Roshni has a stable financial position and aims to provide shareholders with a regular return.

The reliability of dividend payment is supported by the solid operational performance and strategic direction of the company. Analysts expect that Surya Roshni will continue to be able to pay dividends in the future, provided that no significant negative market changes occur.