Suryo Foods & Inds.
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India Ratings found no deviation in Suryo Foods & Industries’ ₹5.94 crore rights-issue proceeds, with ₹5.30 crore adjusted against promoter-group liabilities rather than received in cash. It noted that a ₹2.44 crore liability to related party Suryo Udyog had remained outstanding since 2007-08 and was not separately disclosed in the financial statements; the company had reported nil operating revenue for five financial years, lacked supporting ledgers and invoices for the liability, completed the stated payment object 66 days late and incurred ₹42.64 lakh in issue expenses against ₹30 lakh planned.
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India Ratings found no deviation in Suryo Foods & Industries’ ₹5.94 crore rights-issue proceeds, with ₹5.30 crore adjusted against promoter-group liabilities rather than received in cash. It noted that a ₹2.44 crore liability to related party Suryo Udyog had remained outstanding since 2007-08 and was not separately disclosed in the financial statements; the company had reported nil operating revenue for five financial years, lacked supporting ledgers and invoices for the liability, completed the stated payment object 66 days late and incurred ₹42.64 lakh in issue expenses against ₹30 lakh planned.
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Dec 12 (Reuters) - Suryo Foods and Industries Ltd SFDI.BO:
SURYO FOODS AND INDUSTRIES LTD - APPROVES RIGHTS ISSUE UP TO 60 MILLION RUPEES
Source text: ID:nBSE3lHySl
Further company coverage: SFDI.BO
(([email protected];))
Dec 12 (Reuters) - Suryo Foods and Industries Ltd SFDI.BO:
SURYO FOODS AND INDUSTRIES LTD - APPROVES RIGHTS ISSUE UP TO 60 MILLION RUPEES
Source text: ID:nBSE3lHySl
Further company coverage: SFDI.BO
(([email protected];))
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What does Suryo Foods & Inds. do?
Suryo Foods & Industries Ltd specializes in shrimp processing and exports, focusing on delivering high-quality products to the global market.
Who are the competitors of Suryo Foods & Inds.?
Suryo Foods & Inds. major competitors are Shivamshree Business, Super Bakers (India), Uniroyal Marine Exp., Astron Multigrain, Neelkanth, Tasty Dairy Special., Chothani Foods. Market Cap of Suryo Foods & Inds. is ₹13 Crs. While the median market cap of its peers are ₹11 Crs.
Is Suryo Foods & Inds. financially stable compared to its competitors?
Suryo Foods & Inds. seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Suryo Foods & Inds. pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Suryo Foods & Inds. latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Suryo Foods & Inds. allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Suryo Foods & Inds. balance sheet?
Balance sheet of Suryo Foods & Inds. is strong. But short term working capital might become an issue for this company.
Is the profitablity of Suryo Foods & Inds. improving?
The profit is oscillating. The profit of Suryo Foods & Inds. is ₹0.25 Crs for Mar 2025, ₹1.13 Crs for Mar 2024 and -₹0.16 Crs for Mar 2023
Is the debt of Suryo Foods & Inds. increasing or decreasing?
The net debt of Suryo Foods & Inds. is decreasing. Latest net debt of Suryo Foods & Inds. is -₹0.67 Crs as of Mar-26. This is less than Mar-25 when it was -₹0.06 Crs.
Is Suryo Foods & Inds. stock expensive?
There is insufficient historical data to gauge this. Latest PE of Suryo Foods & Inds. is 0
Has the share price of Suryo Foods & Inds. grown faster than its competition?
Suryo Foods & Inds. has given lower returns compared to its competitors. Suryo Foods & Inds. has grown at ~3.18% over the last 8yrs while peers have grown at a median rate of 16.0%
Is the promoter bullish about Suryo Foods & Inds.?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Suryo Foods & Inds. is 71.67% and last quarter promoter holding is 71.67%.
Are mutual funds buying/selling Suryo Foods & Inds.?
The mutual fund holding of Suryo Foods & Inds. is stable. The current mutual fund holding in Suryo Foods & Inds. is 1.18% while previous quarter holding is 1.18%.