Sunflag Iron & Steel Company Ltd

Sunflag Iron & Steel Company Ltd (SUNFLAG)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-18.42 %
3 Month Return41.08 %
1 Year Return27.22 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 21
Rank 31
Rank 24
Dividend Yield
Rank 21
Rank 31
Price To Book Ratio
Rank 28
Debt To Asset
Rank 58

Company Information

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 incorporated in 1984 is engaged in the 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 150000 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.
OrganisationSunflag Iron & Steel Company Ltd