Surana Telecom and Power Limited (SURANAT&P)
₹15.52 +3.33% last close, 2 Nov
Snapshot
Surana Telecom and Power Limited closed at ₹15.52 on 2 Nov 2026, 11.6% below its 200-day average, with an RSI(14) of 52.5 and a P/E of 6.98. On the daily chart it is in a weak downtrend, with a technical score of 36/100 (bearish). In the quarter ended June 2026, revenue fell 15.6% and net profit grew 349.4% from a year earlier. The board meets on 3 Nov 2026 to consider the Q2 FY27 results. Data as of 2 Nov 2026.
Price
- Price
- ₹15.52
- Day change
- +3.33%
- Market Cap
- ₹211 Cr
- 52-week range
- ₹13.71 – ₹23.00
- From 52-week high
- -32.52%
Financials2 Nov 2026
- P/E
- 6.98
- P/B
- 1.16
- ROE
- 16.6%
- ROCE
- 13.0%
- Debt to Equity
- 0.37
- OPM
- -5.1%
- YoY qtr sales growth
- -15.6%
- YoY qtr profit growth
- 349.4%
- Dividend Yield
- 0.00%
Latest quarter Jun 2026 · Consolidated
OwnershipSep 2026
- Promoters
- 72.33%
- FIIs
- 0.00%
- DIIs
- 0.05%
Shareholding for the quarter ended September 2026; changes in percentage points.
Technicals2 Nov 2026
- Trend
- Weak Downtrend
- Technical score
- 36/100 · Bearish
- MACD
- Bullish
- RSI (14)
- 52.54
- ADX (14)
- 25.09
- SuperTrend
- Bearish
- vs 20-day SMA
- +1.94%
- vs 50-day SMA
- -1.53%
- vs 200-day SMA
- -11.57%
- RS rating
- 34.00
- Nearest support
- ₹13.71
- Nearest resistance
- ₹16.35
Exchange activity2 Nov 2026
- Delivery
- 62.0% vs 72.69% average
- Volume vs its average
- 0.9×
- Price band
- 1 band close in ~20 sessions
Events
- Next results
- 3 Nov 2026 (Q2 FY27)
- Latest results
- Q1 FY27, filed 7 Aug 2026
- Board meeting filing
- 27 Aug 2026
Exchange data. Each figure as its own page shows it; the dates are the data's. Information only, not investment advice.
📈 Share price & events
Q2 FY27 results
📅 Next results: 03 Nov 2026 (board meeting)Surana Telecom and Power Limited's board meets on 3 Nov 2026 to consider its Q2 FY27 results (July-September 2026).
In its latest reported quarter, Q1 FY27, Surana Telecom's revenue was ₹3.5 Cr (-15.6% year on year, -85.3% on the previous quarter), and net profit ₹11.0 Cr (+349.4% year on year); the operating margin was 34.3%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹3.5 | -15.6% | -85.3% |
| Operating profit | ₹1.2 | -22.2% | from loss |
| Net profit | ₹11.0 | +349.4% | -28.2% |
| EPS (₹) | 0.81 | +350.0% | -28.3% |
| Operating margin | 34.3% | — | — |
SURANAT&P delivery percentage
NSE end-of-day data for
On Mon, 2 Nov 2026, 62.0% of the SURANAT&P shares traded on NSE were taken to delivery, against the stock's own 20-session average of 72.69%. That is close to its usual level. Turnover was only ₹7 lakh, so a handful of trades can move this figure. It closed at a price band (circuit) on 1 session in about the last 20.
Delivery in the last 5 sessions: 38.5% · 73.3% · 59.0% · 65.2% · 62.0%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Surana Telecom and Power Limited has released its FY 2025-26 Annual Report and announced its 37th Annual General Meeting (AGM) scheduled for September 29, 2026, via video conferencing. The remote e-voting window is set from September 26, 2026, to September 28, 2026. The disclosures include notes to the balance sheet showing trade receivables credit exposure increased to Rs 41.58 Cr (Rs 4,158.33 Lakhs) as of March 31, 2026, from Rs 0.89 Cr (Rs 88.54 Lakhs) in the prior year.
- 37th AGM scheduled to be held on September 29, 2026, at 11:00 AM IST via Video Conferencing
- Remote e-voting period opens September 26, 2026 (9:00 AM IST) and closes September 28, 2026 (5:00 PM IST)
- Maximum trade receivable credit risk exposure stood at Rs 4,158.33 Lakhs as of March 31, 2026, compared to Rs 88.54 Lakhs in March 31, 2025
- Paid-up equity share capital remains unchanged at 13,57,59,963 equity shares of Re 1 each (Rs 1,357.60 Lakhs)
Surana Telecom and Power Limited has scheduled its 37th Annual General Meeting (AGM) for September 29, 2026, via Video Conferencing. Key agenda items include shareholder approval for material Related Party Transactions (RPTs) involving loans, guarantees, or investments up to ₹35 crore (representing ~58% of TTM revenue of ₹60 crore). The company also seeks approval to revise the remuneration cap for Managing Director Mangilal Narender Surana to ₹3.00 crore per annum effective October 1, 2026, and reappoint Shri Rangarajan Venkataramanan Thiruvaiyar as Whole-Time Director at ₹48,400 per month.
- 37th AGM scheduled for September 29, 2026, with cut-off date on September 22, 2026, and e-voting from September 26 to 28, 2026
- Omnibus approval sought for material Related Party Transactions (loans/guarantees/investments) up to ₹3,500 lakh (₹35 crore)
- Proposed revision of Managing Director Mangilal Narender Surana's annual remuneration limit to ₹3,00,00,000 (₹3 crore)
- Re-appointment of Shri Rangarajan Venkataramanan Thiruvaiyar as Whole-Time Director for 3 years at ₹48,400 per month
Surana Telecom and Power Limited held a Board meeting on August 27, 2026, approving the notice for its 37th AGM scheduled for September 29, 2026. The Board approved an increase in Managing Director Mangilal Narender Surana's annual remuneration from ₹2.00 crore to ₹3.00 crore, effective October 1, 2026, subject to shareholder approval. Additionally, Company Secretary & Compliance Officer Ms. Arcot Ganeshan Monisha resigned effective September 5, 2026, and Mr. Ankit Pansari was appointed to the role effective September 6, 2026.
- Proposed hike in MD annual remuneration by 50% from ₹2,00,00,000 to ₹3,00,00,000 effective October 1, 2026, subject to member approval
- 37th Annual General Meeting scheduled for Tuesday, September 29, 2026, via Video Conferencing
- Share transfer book closure fixed from September 23, 2026, to September 29, 2026, with cut-off date on September 22, 2026
- Appointment of Mr. Ankit Pansari as CS & Compliance Officer w.e.f. September 6, 2026, succeeding Ms. Arcot Ganeshan Monisha
Surana Telecom and Power Limited announced the outcome of its board meeting held on August 27, 2026. The Board approved the notice for the 37th AGM scheduled on September 29, 2026, with the e-voting cut-off date set as September 22, 2026. Crucially, the Board approved a 50% increase in Managing Director Mangilal Narender Surana's remuneration from ₹2.00 Cr to ₹3.00 Cr per annum effective October 1, 2026, subject to shareholder approval. Additionally, Mr. Ankit Pansari was appointed as Company Secretary & Compliance Officer following the resignation of Ms. Arcot Ganeshan Monisha.
- Proposed increase in MD Mangilal Narender Surana's annual remuneration from ₹2,00,00,000 to ₹3,00,00,000 (+50%) effective October 1, 2026.
- 37th Annual General Meeting scheduled for Tuesday, September 29, 2026 via Video Conferencing.
- Cut-off date for e-voting fixed as September 22, 2026; book closure from September 23 to September 29, 2026.
- Mr. Ankit Pansari appointed as Company Secretary & Compliance Officer effective September 6, 2026, replacing Ms. Arcot Ganeshan Monisha.
Surana Telecom and Power reported a consolidated PAT of ₹11.00 Cr for Q1 FY27, a significant jump from ₹2.45 Cr in Q1 FY26. However, this performance was primarily driven by 'Other Income' of ₹11.68 Cr, which includes a one-time profit of ₹8.74 Cr from the sale of assets. Revenue from operations actually declined 15.6% YoY to ₹3.49 Cr. Additionally, the company divested a 49% stake in its subsidiary, Bhagyanagar Solar Private Limited, during the quarter.
- Consolidated PAT increased to ₹11.00 Cr from ₹2.45 Cr in the year-ago period.
- Other Income of ₹11.68 Cr includes a non-recurring profit of ₹8.74 Cr from asset sales.
- Revenue from operations fell to ₹3.49 Cr, down from ₹4.14 Cr in Q1 FY26 and ₹23.86 Cr in Q4 FY26.
- Divested 49% equity stake in subsidiary Bhagyanagar Solar Private Limited.
- Renewable Energy (Solar) segment contributed ₹3.01 Cr to consolidated revenue.
Surana Telecom and Power Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The document, issued by KFin Technologies Limited (the company's Registrar and Share Transfer Agent), confirms that share certificates received for dematerialization during the quarter ended June 30, 2026, have been processed. This is a standard procedural filing required by all listed companies in India to verify the integrity of electronic shareholding records. There is no impact on the company's financial performance or business operations.
- Compliance certificate covers the quarter ended June 30, 2026
- Certificate issued by KFin Technologies Limited on July 1, 2026
- Confirms compliance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
- Official submission to NSE and BSE occurred on July 7, 2026
Surana Telecom and Power Limited provided clarifications to the NSE regarding clerical errors in its FY26 financial results, including missing headers in cash flow statements and XBRL filing gaps. For the full year ended March 31, 2026, the company reported a total income of ₹92.21 crore, a 108% increase YoY, primarily driven by trading revenue and a one-time asset sale profit of ₹23.41 crore. Despite the revenue jump, net profit remained flat at ₹24.68 crore compared to ₹24.54 crore in the previous year. The company also reported asset impairment losses in its solar subsidiaries due to dismantling unviable plants.
- Total income for FY26 surged to ₹92.21 crore from ₹44.19 crore in FY25, driven by trading and other income.
- Net profit for the year stood at ₹24.68 crore, heavily supported by a ₹23.41 crore profit from the sale of assets.
- Trading & Others segment revenue grew significantly to ₹50.76 crore, while Renewable Energy revenue fell to ₹3.27 crore.
- Company clarified that filing delays were due to technical portal issues and clerical errors in Excel formatting.
- Investment value in subsidiaries was reduced by approximately ₹4.54 crore following the dismantling of unviable solar plants.
Surana Telecom and Power Limited has announced the closure of its trading window effective July 1, 2026. This closure is in compliance with SEBI Insider Trading regulations ahead of the declaration of unaudited financial results for the quarter ending June 30, 2026. The window will remain closed for all designated persons until 48 hours after the results are made public. This is a standard regulatory procedure for listed companies in India.
- Trading window closure starts on July 1, 2026, for the quarter ending June 30, 2026
- Restriction applies to all Directors, Connected Persons, and Designated Persons under the Company Code
- Window to reopen 48 hours after the official declaration of unaudited financial results
- Board meeting date for result approval to be intimated separately
Surana Telecom and Power Limited has approved the sale of a 49% equity stake in its wholly-owned subsidiary, Bhagyanagar Solar Private Limited, to Lakhanlal Anand Kumar Trade Private Limited. The transaction is valued at Rs 1.14 crore and is expected to be completed by June 20, 2026. Following the sale, Bhagyanagar Solar will cease to be a wholly-owned subsidiary but will remain a subsidiary of the company. Notably, the subsidiary has not yet commenced operations and contributed zero to the parent company's turnover or net worth in the last financial year.
- Divestment of 49% equity stake in Bhagyanagar Solar Private Limited for Rs 1.14 crore
- The buyer is Lakhanlal Anand Kumar Trade Private Limited, a non-promoter entity
- Bhagyanagar Solar has zero contribution to current turnover as operations are yet to commence
- The transaction is expected to be completed tentatively by June 20, 2026
Surana Telecom and Power Limited has approved the re-appointment of Shri Rangarajan Venkataramanan Thiruvaiyar as a Whole-time Director for a further period of three years. The new term will commence on August 9, 2026, following the recommendation of the Nomination and Remuneration Committee. Mr. Thiruvaiyar has been associated with the company for 40 years, bringing significant experience in the ferrous and telecom industries. The appointment is subject to shareholder approval and ensures leadership continuity within the firm.
- Re-appointment of R.V. Thiruvaiyar as Whole-time Director for a 3-year tenure
- New term is effective from August 9, 2026, pending shareholder approval
- Director brings over 4 decades (40 years) of experience in telecom and ferrous industries
- The appointee is not related to any other Director on the Board of the Company
- Board affirmation provided that the director is not debarred by any SEBI order
Surana Telecom and Power Limited reported a significant jump in annual revenue for FY26 to ₹54.03 Cr, compared to ₹8.22 Cr in FY25, primarily driven by its trading segment. Despite the revenue surge, annual Net Profit remained nearly flat at ₹24.68 Cr as the company recognized a one-time profit of ₹23.41 Cr from asset sales in Q4. The company is undergoing restructuring, including the dismantling of unviable solar plants in subsidiaries and the board's approval to disinvest up to 49% of its stake in Bhagyanagar Solar Private Limited.
- Annual Revenue from operations grew by 557% YoY to ₹5,403.30 Lakhs in FY26.
- Q4 FY26 Other Income included a one-time profit of ₹2,340.66 Lakhs from the sale of assets.
- Board approved disinvestment of up to 49% equity stake in Bhagyanagar Solar Private Limited.
- Renewable Energy segment revenue declined from ₹490.58 Lakhs in FY25 to ₹327.41 Lakhs in FY26.
- Total borrowings increased significantly to ₹7,208.13 Lakhs as of March 31, 2026, from ₹934.47 Lakhs in the previous year.
Surana Telecom and Power Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the period ended March 31, 2026. The certificate, issued by the company's Registrar and Share Transfer Agent, KFin Technologies Limited, confirms that all securities dematerialized or rematerialized during the quarter have been duly reported to the stock exchanges. This is a standard administrative filing required by all listed entities in India to maintain the integrity of electronic shareholding records. No financial data or strategic updates were included in this announcement.
- Compliance certificate submitted for the quarter ended March 31, 2026.
- Issued by Registrar and Share Transfer Agent, KFin Technologies Limited.
- Confirms adherence to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.
Surana Telecom and Power reported a massive 955% YoY increase in standalone revenue to ₹21.68 crore for the quarter ended December 31, 2025. Net profit surged to ₹4.31 crore from ₹0.95 crore in the previous year, primarily driven by a significant turnaround in the 'Infra & Others' segment. While the solar segment faced a revenue decline and a segment loss, the overall performance was bolstered by ₹6.81 crore in other income. The company's EPS rose significantly to ₹0.32 from ₹0.07.
- Standalone Revenue from operations grew 955% YoY to ₹2,167.90 Lakhs in Q3 FY26.
- Net Profit for the quarter increased to ₹430.72 Lakhs from ₹95.43 Lakhs in the previous year.
- Infra & Others segment revenue skyrocketed to ₹2,117.23 Lakhs from ₹81.80 Lakhs YoY.
- Renewable Energy (Solar) segment revenue declined to ₹50.66 Lakhs, posting a segment loss of ₹39.35 Lakhs.
- Other income contributed ₹680.84 Lakhs to the total income of ₹2,848.73 Lakhs for the quarter.
Surana Telecom and Power Limited has completed the sale of 9,364.50 sq. yards of industrial land located at Cherlapally, Telangana. The transaction was executed for a total consideration of ₹24.04 Crores to multiple independent industrial entities. This sale follows a prior Board approval from September 2025 and is not a related party transaction. The cash inflow provides a significant liquidity boost to the company's balance sheet.
- Total sale consideration of ₹24.04 Crores received for industrial land disposal.
- Land parcel admeasures 9,364.50 sq. yards situated at Phase-II, I.D.A. Cherlapally.
- Transaction completed on January 28, 2026, involving six different purchasing entities.
- The sale does not constitute the disposal of a substantial undertaking under Section 180(1)(a).
- Proceeds are from non-related parties, ensuring an arm's length transaction.
Topsun Solar Private Limited, a wholly owned subsidiary of Surana Telecom and Power Limited, has completed the purchase of 8.00 acres of land in IDA-Nacharam, Hyderabad. The land was acquired from United Breweries Limited for a total consideration of INR 80.80 Crore plus registration charges. This acquisition is intended to strengthen the company's operational capabilities, likely within its solar energy business segment. The transaction was finalized on January 19, 2026, and is not a related party transaction.
- Acquisition of 8.00 acres (32,374.9 square meters) of land in Medchal-Malkajgiri District, Hyderabad
- Total purchase consideration of INR 80.80 Crore plus applicable registration charges
- Seller identified as M/s. United Breweries Limited with no promoter group involvement
- Transaction completed through wholly owned subsidiary Topsun Solar Private Limited to boost operational capacity
Company profilewritten 14 Dec 2025
Financial Performance
Revenue Growth by Segment
The Infra & Others segment grew by 347.7% YoY to INR 855.19 Lakhs in H1 FY26, while the Renewable Energy (Solar) segment experienced a 9.5% decline to INR 495.84 Lakhs compared to INR 547.89 Lakhs in H1 FY25.
Geographic Revenue Split
The company operates in both domestic and overseas markets; however, the specific percentage split between regions is not disclosed in the available documents.
Profitability Margins
The Net Profit Margin for FY25 was 298.67%, a significant increase from 49.18% in FY24. For H1 FY26, the consolidated Net Profit was INR 261.56 Lakhs, representing a 29.8% decline from INR 372.89 Lakhs in H1 FY25.
EBITDA Margin
Consolidated Segment Results (Profit before tax and interest) for H1 FY26 was INR 85.90 Lakhs, up 78.9% from INR 48.01 Lakhs in H1 FY25, though overall net profitability was impacted by lower other income.
Capital Expenditure
Historical depreciation and amortization for H1 FY26 was INR 106.46 Lakhs compared to INR 207.25 Lakhs in H1 FY25; specific planned future CapEx in INR Cr is not disclosed.
Credit Rating & Borrowing
The company maintains a 'Stable' outlook from CARE Ratings (as of November 08, 2023). Finance costs for H1 FY26 were INR 10.66 Lakhs, an increase of 9% from INR 9.78 Lakhs in H1 FY25.
Operational Drivers
Raw Materials
Key raw materials include petroleum-based inputs for Petroleum Jelly and components for Telecom Jointing Kits; specific percentage of total cost per material is not disclosed.
Import Sources
Not specifically disclosed, though the company notes exposure to global demand/supply conditions and domestic markets.
Capacity Expansion
Current and planned capacity in MW or MT is not specified, though the company operates in the Renewable Energy (Solar) and Infrastructure sectors.
Raw Material Costs
Cost of Traded Goods for H1 FY26 was INR 650.57 Lakhs, representing approximately 48.1% of consolidated revenue, compared to just INR 27.75 Lakhs in H1 FY25.
Manufacturing Efficiency
Inventory turnover improved significantly, with inventory days dropping from 20 days in FY24 to 0 days in FY25, indicating a shift in operational model or liquidation of stock.
Strategic Growth
Expected Growth Rate
82.80%
Growth Strategy
Growth is being driven by a massive expansion in the Infrastructure segment (347.7% growth in H1 FY26). The company is pivoting from its historical focus on petro/telecom products toward renewable energy and infrastructure services to capture market demand.
Products & Services
Solar power generation, Infrastructure services, Petroleum Jelly, and Telecom Jointing Kits.
Brand Portfolio
Surana Telecom and Power.
New Products/Services
The company has transitioned from manufacturing petro products to renewable energy and infrastructure; specific new product revenue contributions are not quantified.
Market Expansion
The company targets both domestic and overseas markets for its products and services.
Strategic Alliances
The group includes four subsidiaries and one associate company, Surana Solar Limited.
External Factors
Industry Trends
The industry is shifting toward renewable energy; the company's solar segment currently faces profitability challenges with a segment loss of INR 57.29 Lakhs in H1 FY26, while the infrastructure sector is showing rapid growth.
Competitive Landscape
The company operates in highly competitive sectors including solar power and infrastructure where pricing is largely market-driven.
Competitive Moat
The company relies on its long-standing presence since 1989 and diversification into infrastructure; however, it faces high competition and regulatory sensitivity in the solar space.
Macro Economic Sensitivity
Highly sensitive to global and domestic economic developments and demand/supply conditions affecting the price of finished goods.
Consumer Behavior
Demand is driven by government and industrial shifts toward green energy and infrastructure development.
Geopolitical Risks
Operations are subject to global demand/supply conditions and changes in international trade environments.
Regulatory & Governance
Industry Regulations
Operations are governed by government regulations affecting solar tariffs, infrastructure project norms, and petroleum product standards.
Environmental Compliance
Not specifically quantified in INR, but the company operates in the renewable energy sector which is subject to environmental norms.
Taxation Policy Impact
The company is subject to changes in Indian tax laws; H1 FY26 tax expense was INR 80.97 Lakhs on a consolidated PBT of INR 342.53 Lakhs (~23.6% effective rate).
Legal Contingencies
The company identifies litigation as an important factor influencing operations, but specific pending case values in INR are not disclosed.
Risk Analysis
Key Uncertainties
Technological obsolescence and changes in government policies regarding renewable energy pose significant risks to the solar segment's profitability.
Geographic Concentration Risk
Primarily focused on the Indian market with some overseas exposure; specific regional revenue percentages are not provided.
Third Party Dependencies
The company notes dependency on input availability from suppliers, though no single supplier is named as a dominant risk.
Technology Obsolescence Risk
Identified as a key risk factor that could materially affect the company's operations and asset value.
Credit & Counterparty Risk
Receivables turnover increased to 39 days in FY25, indicating a slight lengthening of the credit cycle.
