Sunflag Iron and Steel Company Limited is a member of the Sunflag Group. It was established under the leadership of Sunflag UK. The Sunflag Group was founded by Satyadev Bhardwaj in Kenya in 1937. The company was incorporated in 1984 and is currently dedicated to the production of steel products such as rolled products, billets and sponge iron.
The market capitalisation of Sunflag Iron and Steel Company Limited stood at ₹3,600 crore as of February 29, 2024. Sunflag share price has surged over 210% in the last three years.
Business Operations
Sunflag Iron and Steel Company Limited currently has a production capacity of 150,000 metric tons of direct reduced iron, 200,000 metric tons of mild & alloy steel rolled products, and a captive power plant with a capacity of 108 million kWh. It has established an integrated plant in Bhandara, Maharashtra, capable of producing 200,000 tonnes per annum of high-quality steel using iron ore and non-coking coal as primary inputs.
Its product range includes spring steel rounds, flats, carbon steel and alloy steel, catering to automobile leaf spring manufacturers, engineering goods manufacturers and the forging industry. Spring steel constitutes 70% of the total production.
In FY23, steel ingots and long products contributed to 92.08% of the company's total turnover, while pig iron contributed 7.86%, and sponge iron contributed only 0.01%.
The company exports its products to customers across South East Asia, North America, South America, East Africa, Europe, Japan, Taiwan, China, Turkey, South Korea and Vietnam. The contribution of exports is 1.94% of the total turnover of the company. All of the exports and domestic operations are done by the company's offices located in Nagpur, Bhandara, Mumbai, Pune, Delhi, Faridabad, Chennai and Bengaluru.
Sunflag Iron and Steel Company Limited's super alloy steel manufacturing facility was commissioned in FY23. This has been done to cater to requirements related to aircraft parts, defence sector, space vehicles, nuclear reactors, supercritical power plants, industrial and vehicle gas turbines, petrochemical plants and other high-temperature and corrosive applications. As part of the strategic business operations, the plant would reduce the company's dependency on automotive and auto ancillary industries.
During FY23, the company signed MoUs for four product categories with the Ministry of Steel under the production-linked incentive (PLI) Scheme-2013 for specialty steel.
Sunflag Iron and Steel Company Limited's subsidiaries include Sunflag Power Limited, Khappa Coal Company Private Limited and Sunflag Foundation. Regarding joint ventures, the company is involved with Madanpur (North) Coal Block Private Limited, CT Mining Private Limited, Daido DMS India Private Limited and Ramesh Sunwire Private Limited.
Sunflag Iron and Steel Financial Highlights
- Revenue: Sunflag Iron and Steel reported revenue of ₹3,955.82 crore in FY26 vs ₹3,552.11 crore in FY25. It showed an increase of 11.37% on a yearly basis.
- Operating Profit: Sunflag Iron and Steel reported an operating profit of ₹300.82 crore in FY26 vs ₹211.76 crore in FY25. It showed an increase of 42.06% on a year-on-year basis.
- Net Profit: Sunflag Iron and Steel reported a net profit of ₹202.37 crore in FY26 vs ₹162.08 crore in FY25. It showed an increase of 24.86% on a yearly basis.
Sunflag Iron and Steel Quarterly Result Highlights
- Sunflag Iron and Steel reported revenue of ₹1,089.47 crore in Jun 2026, compared with ₹1,003.68 crore in Mar 2026, representing an increase of 8.55% on a quarter-on-quarter (QoQ) basis.
- Sunflag Iron and Steel reported an operating profit of ₹88.01 crore in Jun 2026, compared with ₹81.34 crore in Mar 2026, representing an increase of 8.20% on a quarter-on-quarter (QoQ) basis.
- Sunflag Iron and Steel reported a profit of ₹66.05 crore in Jun 2026, compared with ₹34.28 crore in Mar 2026, reflecting an increase of 92.68% on a QoQ basis.
- The earnings per share (EPS) of Sunflag Iron and Steel stood at ₹11.23 during Jun 2026.
Data Source: BSE, Company announcements
Securities shown are illustrative, not recommendations. Past performance does not guarantee future results.
