Sunflag Iron and Steel Company Limited was incorporated in 1984 and is headquartered in Nagpur, India. Sunflag Steel is one of the largest Nagpur-based steel producers in India, initiated its steel journey in 1989 with a state-of-the-art integrated plant near Nagpur. Sunflag Iron and Steel Company Limited is a prestigious unit of Sunflag Group, promoted by Sunflag UK. The Sunflag Group was founded by Satyadev Bhardwaj in Kenya in 1937.
The company has established itself as a prominent manufacturer in the specialty steel segment, specializing in high-quality steel, including special alloy and stainless steel. 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.
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. The plant features a 150,000 metric ton Direct Reduction Plant, a 50-60 metric ton ultra-high power Electric Arc Furnace, an 18-stand Continuous mill, and a 15.5 MW Waste Heat Recovery Project.
The company has continuously modernized its operations with advanced technologies. With a constant endeavor to enhance its technology and to be the best in the industry, Sunflag has successfully embraced "Clean Steel Technology," demonstrating its commitment to environmental sustainability and operational excellence.
Sunflag Iron and Steel Company Limited manufactures and sells steel rolled products in India. The company offers super alloys, tool steels, SSR 550, spring steels, free-cutting steels, forging steels, forging ingots, microalloyed steels, engine valve steels, cold forging steels, and bearing steels. It provides flat steel, round bars and coils, rolled bars and wires, round-cornered squares, and hexagonal steel products.
It is a reputed supplier of flat bars, round bars, bright bars, and wire rods for alloy, spring, ball-bearing, and stainless steel. The company has expanded into high-value segments with Sunflag Iron and Steel Company Limited's super alloy steel manufacturing facility being commissioned in FY23. This was done to cater to requirements related to aircraft parts, the defence sector, space vehicles, nuclear reactors, supercritical power plants, industrial and vehicle gas turbines, petrochemical plants, and other high-temperature and corrosive applications.
The company's products are used for automobile, general engineering, machinery, projects, railway, defence, and construction applications. Its products are used for the manufacture of automotive transmission gears, drive shafts, steering systems, bearings, exhaust systems, and engine components through hot forging, cold forming, and machining operations. Its products are supplied to Indian Railways, ordnance factories, power sectors, and other general engineering areas for the manufacture of critical application components.
It exports its products to South East Asian, North American, and South American countries, South Africa, the European Union, Japan, Taiwan, Australia, Switzerland, the United Kingdom, and Ireland. This extensive international footprint demonstrates the company's quality standards and competitive positioning in global markets.
Based on the most recent financial data available:
- Revenue: ₹883.11 Cr as on March 2025 (Q4 FY25)
- Net Profit: ₹42.79 Cr as on March 2025 (Q4 FY25)
- Annual Performance: For the full year, net profit rose 12.91% to ₹162.08 crore in the year ended March 2025 as against ₹143.55 crore during the previous year ended March 2024. Sales rose 3.52% to ₹3535.59 crore in the year ended March 2025 as against ₹3415.28 crore during the previous year ended March 2024.
- Market Capitalization: ₹ 5,552 Cr as per latest available data
- Employee Strength: Sunflag Iron & Steel Company has 1,216 total employees.
- Debt Position: The company is almost debt-free.
- Promoter Holding: Promoter holding in Sunflag Iron & Steel Company Ltd has gone up to 51.15 per cent as of Mar 2025 from 51.15 per cent as of Jun 2024.
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. This strategic alignment with government initiatives positions the company to benefit from policy support for specialty steel manufacturing.
As part of its strategic business operations, the plant would reduce the company's dependency on automotive and auto ancillary industries. This diversification strategy enhances the company's resilience across market cycles.
Sunflag Iron and Steel Company Limited's subsidiaries include Sunflag Power Limited, Khappa Coal Company Private Limited, and Sunflag Foundation. The company also maintains strategic partnerships through 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.
Sunflag Iron & Steel Company Limited represents a well-established player in India's specialty steel sector, combining decades of experience with modern manufacturing capabilities and a commitment to technological advancement and sustainability.
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