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- SUNFLAG
SUNFLAG
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Recent events
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News
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Corporate Actions
India's Orissa Bengal Carrier up after contract win
** Shares of Orissa Bengal Carrier Ltd ORIB.NS rise as much as 5.7% to 61.99 rupees
** Logistics co says it has entered into a contract with Sunflag Iron & Steel Co SFLG.NS for transportation of about 26,000 metric tons of materials
** Stock on track to gain for third straight day
** ORIB last up 1.1%, adding to YTD gains of ~1%
(Reporting by Meenakshi Maidas in Bengaluru)
(([email protected];))
** Shares of Orissa Bengal Carrier Ltd ORIB.NS rise as much as 5.7% to 61.99 rupees
** Logistics co says it has entered into a contract with Sunflag Iron & Steel Co SFLG.NS for transportation of about 26,000 metric tons of materials
** Stock on track to gain for third straight day
** ORIB last up 1.1%, adding to YTD gains of ~1%
(Reporting by Meenakshi Maidas in Bengaluru)
(([email protected];))
Sunflag Iron And Steel Co March-Quarter Consol Total Pat 429.6 Million Rupees
May 24 (Reuters) - Sunflag Iron and Steel Co Ltd SFLG.NS:
SUNFLAG IRON AND STEEL CO MARCH-QUARTER CONSOL TOTAL PAT 429.6 MILLION RUPEES VERSUS 397.1 MILLION RUPEES
SUNFLAG IRON AND STEEL CO MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 9.19 BILLION RUPEES VERSUS 8.37 BILLION RUPEES
Source text for Eikon: ID:nNSEb5rgzl
Further company coverage: SFLG.NS
(([email protected];))
May 24 (Reuters) - Sunflag Iron and Steel Co Ltd SFLG.NS:
SUNFLAG IRON AND STEEL CO MARCH-QUARTER CONSOL TOTAL PAT 429.6 MILLION RUPEES VERSUS 397.1 MILLION RUPEES
SUNFLAG IRON AND STEEL CO MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 9.19 BILLION RUPEES VERSUS 8.37 BILLION RUPEES
Source text for Eikon: ID:nNSEb5rgzl
Further company coverage: SFLG.NS
(([email protected];))
Sunflag Iron And Steel Co Got Grant Of Composite Licence For Iron Ore In Ramunkal, Maharashtra
Dec 15 (Reuters) - Sunflag Iron and Steel Co Ltd SFLG.NS:
GOT GRANT OF COMPOSITE LICENCE FOR “SURJAGAD — 6 IRON ORE BLOCK” FOR IRON ORE IN RAMUNKAL, MAHARASHTRA
Further company coverage: SFLG.NS
(([email protected];))
Dec 15 (Reuters) - Sunflag Iron and Steel Co Ltd SFLG.NS:
GOT GRANT OF COMPOSITE LICENCE FOR “SURJAGAD — 6 IRON ORE BLOCK” FOR IRON ORE IN RAMUNKAL, MAHARASHTRA
Further company coverage: SFLG.NS
(([email protected];))
India's Jindal Steel, Hindalco among bidders for commercial coal mines
NEW DELHI, June 28 (Reuters) - India has received bids from 22 companies, including Jindal Steel and Power JNSP.NS and Hindalco Industries HALC.NS, for the commercial extraction of coal from 18 thermal and coking coal mines, the Ministry of Coal said on Wednesday.
Most of the mines have reserves of thermal coal used in power generation, while one has the variety used in the process of making steel. Half of the mines are fully explored and the others partially, the ministry said in a statement.
The total capacity of the fully explored mines is 47.8 million tonnes per year.
The other bidders include Sunflag Iron and Steel SFLG.NS, miner NLC India NLCI.NS, the mining unit of power company NTPC NTPC.NS, and cement and ready-mix concrete company Nuvoco Vistas NUVO.NS.
The government wants private players to boost coal production in the country as power demand surges. State-run Coal India COAL.NS dominates coal mining in the country.
(Reporting by Sakshi Dayal; Editing by Krishna N. Das)
(([email protected];))
NEW DELHI, June 28 (Reuters) - India has received bids from 22 companies, including Jindal Steel and Power JNSP.NS and Hindalco Industries HALC.NS, for the commercial extraction of coal from 18 thermal and coking coal mines, the Ministry of Coal said on Wednesday.
Most of the mines have reserves of thermal coal used in power generation, while one has the variety used in the process of making steel. Half of the mines are fully explored and the others partially, the ministry said in a statement.
The total capacity of the fully explored mines is 47.8 million tonnes per year.
The other bidders include Sunflag Iron and Steel SFLG.NS, miner NLC India NLCI.NS, the mining unit of power company NTPC NTPC.NS, and cement and ready-mix concrete company Nuvoco Vistas NUVO.NS.
The government wants private players to boost coal production in the country as power demand surges. State-run Coal India COAL.NS dominates coal mining in the country.
(Reporting by Sakshi Dayal; Editing by Krishna N. Das)
(([email protected];))
India's Sunflag Iron And Steel Co March-Qtr Consol Total PAT Falls
May 29 (Reuters) - Sunflag Iron and Steel Co Ltd SFLG.NS:
INDIA'S SUNFLAG IRON AND STEEL CO MARCH-QUARTER CONSOL TOTAL PAT 397.1 MILLION RUPEES VERSUS PROFIT 408.2 MILLION RUPEES
SUNFLAG IRON AND STEEL CO LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 8.37 BILLION RUPEES VERSUS 6.49 BILLION RUPEES
RE-EPPOINTS SURENDRA KUMAR GUPTA AS DEPUTY MD
Source text for Eikon: ID:nNSE6MJGHh
Further company coverage: SFLG.NS
(([email protected];;))
May 29 (Reuters) - Sunflag Iron and Steel Co Ltd SFLG.NS:
INDIA'S SUNFLAG IRON AND STEEL CO MARCH-QUARTER CONSOL TOTAL PAT 397.1 MILLION RUPEES VERSUS PROFIT 408.2 MILLION RUPEES
SUNFLAG IRON AND STEEL CO LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 8.37 BILLION RUPEES VERSUS 6.49 BILLION RUPEES
RE-EPPOINTS SURENDRA KUMAR GUPTA AS DEPUTY MD
Source text for Eikon: ID:nNSE6MJGHh
Further company coverage: SFLG.NS
(([email protected];;))
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Popular questions
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What does Sunflag Iron & Steel do?
Sunflag Iron & Steel Co. Ltd., part of the Sunflag Group, focuses on producing high-quality steel using Clean Steel Technology from Daido Steel Japan for critical applications worldwide.
Who are the competitors of Sunflag Iron & Steel?
Sunflag Iron & Steel major competitors are Mukand, Vardhman Special, Mishra Dhatu Nigam, Kalyani Steels, Lloyds Enterprises, Welspun Special.Soln, Rhetan TMT. Market Cap of Sunflag Iron & Steel is ₹4,688 Crs. While the median market cap of its peers are ₹2,234 Crs.
Is Sunflag Iron & Steel financially stable compared to its competitors?
Sunflag Iron & Steel seems to be less financially stable compared to its competitors. Altman Z score of Sunflag Iron & Steel is 3.2 and is ranked 8 out of its 8 competitors.
Does Sunflag Iron & Steel pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Sunflag Iron & Steel latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Sunflag Iron & Steel allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Sunflag Iron & Steel balance sheet?
Balance sheet of Sunflag Iron & Steel is strong. But short term working capital might become an issue for this company.
Is the profitablity of Sunflag Iron & Steel improving?
The profit is oscillating. The profit of Sunflag Iron & Steel is ₹161 Crs for TTM, ₹144 Crs for Mar 2024 and ₹1,115 Crs for Mar 2023.
Is the debt of Sunflag Iron & Steel increasing or decreasing?
Yes, The debt of Sunflag Iron & Steel is increasing. Latest debt of Sunflag Iron & Steel is ₹436 Crs as of Sep-24. This is greater than Mar-24 when it was ₹164 Crs.
Is Sunflag Iron & Steel stock expensive?
Yes, Sunflag Iron & Steel is expensive. Latest PE of Sunflag Iron & Steel is 28.98, while 3 year average PE is 13.23. Also latest EV/EBITDA of Sunflag Iron & Steel is 13.22 while 3yr average is 7.95.
Has the share price of Sunflag Iron & Steel grown faster than its competition?
Sunflag Iron & Steel has given better returns compared to its competitors. Sunflag Iron & Steel has grown at ~33.04% over the last 2yrs while peers have grown at a median rate of 32.7%
Is the promoter bullish about Sunflag Iron & Steel?
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 Sunflag Iron & Steel is 51.16% and last quarter promoter holding is 51.16%.
Are mutual funds buying/selling Sunflag Iron & Steel?
The mutual fund holding of Sunflag Iron & Steel is increasing. The current mutual fund holding in Sunflag Iron & Steel is 0.12% while previous quarter holding is 0.11%.