Surana Telecom and Power Limited was listed on the NSE on May 22, 2002. In the last five years, its stock has given a massive return of more than 400%. Will Surana Telecom continue to provide such great returns in the future as well? Let’s explore Surana Telecom’s growth potential and the Surana Telecom share price target 2025 to 2050 in this article.
Surana Telecom and Power Limited was founded on August 14, 1989, as Surana Petro Products Pvt. Ltd. In the initial days of business, it used to make petroleum jelly and telecom jointing kits. Today, Surana Telecom and Power Limited makes products like optical fibre cables, power cables, and solar photovoltaic modules. It also runs various renewable energy power plants.
Surana Telecom Business Model
Telecom Products Business: Surana Telecom manufactures and sells a range of telecom products, including jelly-filled telephone cables (JFTC), optical fiber cables (OFC), and other communication-related components.
Solar and Renewable Energy Business: The company has diversified into solar energy by producing solar photovoltaic (PV) modules and implementing solar power projects. Surana Telecom develops, owns, and operates solar power plants, and sells electricity under long-term Power Purchase Agreements (PPAs) to state electricity boards and other buyers, generating steady income from clean energy.
Expansion into the Renewable Energy Sector: Surana Telecom has been continuously diversifying its portfolio into the renewable energy segment, particularly solar power. With India targeting 500 GW of renewable energy by 2030, the company’s focus on solar module manufacturing and solar EPC projects positions it well to benefit from strong policy support and rising demand for clean energy.
Government Incentives and PLI Scheme: The Indian government’s Production Linked Incentive (PLI) scheme for solar module manufacturing provides significant incentives for domestic manufacturers. As Surana Telecom is an active player in this space, it can benefit from subsidies, import substitution, and increased demand for domestically produced modules, which can boost its profitability and scale.
Growing Demand for Power Infrastructure: India’s power demand is expected to grow rapidly with industrialization, electric vehicle adoption, and digital infrastructure development. Surana Telecom’s capabilities in power systems, cables, and related infrastructure support long-term growth through rising demand in both urban and rural electrification projects.
Focus on Energy Storage and Emerging Technologies: The company is exploring opportunities in energy storage and related technologies, which are crucial for the success of solar and wind energy.
Supportive Regulatory Environment: The Indian government’s push for “Make in India,” along with import restrictions on Chinese solar components, enhances the competitive edge of domestic players like Surana Telecom.
Pros of Surana Telecom
Consistent Profit Growth: Surana Telecom’s profits have grown at a CAGR of 60% over the last five years.
Low P/B Ratio (Undervalued Stock): Surana Telecom’s Price to Book Value (P/B) ratio is 1.75, which shows that its stock is trading close to its intrinsic value and may be undervalued.
Low PE Ratio Compared to Peers: Surana Telecom’s PE ratio is11.6, which is lower than the industry average of 32.6, making it relatively undervalued and potentially a good investment opportunity.
Debt Free Company: Surana Telecom is almost a debt-free company with a debt-to-equity ratio of 0.04, which shows its financial stability.
Cons of Surana Telecom
Decreasing Sales – Surana Telecom’s sales have been decreasing at a CAGR of -18% over the last three years.
Low Return on Equity (ROE): Surana Telecom’s 5-year average ROE is 6.08%, which shows that Surana Telecom is not using shareholders’ funds efficiently to generate profits.
Low Return on Capital Employed (ROCE): Surana Telecom’s 5-year average ROCE is 6.92%, which shows that Surana Telecom is not using its capital efficiently to generate profits.
Decrease in FIIs Holding: Foreign Institutional Investors (FIIs) have reduced their holding to 0.04% in March 2025 from 0.05% in December 2024, indicating a decline in FII’s confidence in the company’s future growth prospects.
Surana Telecom Ltd Balance Sheet
Particulars
March 2023
March 2024
March 2025
Equity Capital
14
14
14
Reserves
110
120
143
Borrowings
12
2
6
Other Liabilities
16
17
17
Total Liabilities
151
153
180
Fixed Assets
72
61
48
CWIP
0
0
0
Investments
35
37
47
Other Assets
45
55
85
Total Assets
151
153
180
Surana Telecom Share Price Target 2025
By the end of 2025, the Surana Telecom share price is expected to be around ₹25 in normal conditions. In a bear market, it might be ₹18, and in a bull market, it may go up to ₹30.
Surana Telecom Share Price Target 2025
Rupees (₹)
Bear Market
18.0
Normal Market
25
Bull Market
30
Surana Telecom Share Price Target 2026
In 2026, the Surana Telecom share price is expected to be around ₹30 in a normal situation. In a bear market, it might be ₹20, and in a bull market, it may cross ₹40.
Surana Telecom Share Price Target 2026
Rupees (₹)
Bear Market
20
Normal Market
30
Bull Market
40
Surana Telecom Share Price Target 2027
According to our analysis, the Surana Telecom share price is expected to be around ₹36 in 2027. In a bear market, it might be ₹23, and in a bull market, it may cross ₹52.
Surana Telecom Share Price Target 2027
Rupees (₹)
Bear Market
23
Normal Market
36
Bull Market
52
Surana Telecom Share Price Target 2028
According to our analysis, the Surana Telecom share price may trade near ₹45 by 2028; bearish conditions could pull it down to ₹24, while a strong bull run might lift it to ₹68.
Surana Telecom Share Price Target 2028
Rupees (₹)
Bear Market
24
Normal Market
45
Bull Market
68
Surana Telecom Share Price Target 2029
Under normal conditions, the Surana Telecom share price might hit ₹52 by 2029. A bearish trend could lower it to ₹26, whereas a bullish surge could raise it to ₹98.
Surana Telecom Share Price Target 2029
Rupees (₹)
Bear Market
26
Normal Market
52
Bull Market
98
Surana Telecom Share Price Target 2030
In a normal situation, the Surana Telecom share price is projected to be approximately ₹62 in 2030. In a bear market, the value may be as low as ₹30, while in a bull market, it may rise to ₹120.
Surana Telecom Share Price Target 2030
Rupees (₹)
Bear Market
30
Normal Market
62
Bull Market
120
Surana Telecom Share Price Target 2035
By 2035, the Surana Telecom share price is projected to be around ₹125 under normal conditions. In adverse markets, the price could fall to ₹50, while favorable conditions might push it up to ₹360.
Surana Telecom Share Price Target 2035
Rupees (₹)
Bear Market
50
Normal Market
125
Bull Market
360
Surana Telecom Share Price Target 2040
Under normal conditions, the Surana Telecom share price might hit ₹250 by 2040. A bearish trend could lower it to ₹70, whereas a bullish surge could raise it to ₹1080.
Surana Telecom Share Price Target 2040
Rupees (₹)
Bear Market
70
Normal Market
250
Bull Market
1080
Surana Telecom Share Price Target 2050
In 2050, the Surana Telecom share price is expected to be around ₹1000 in a normal situation. In a bear market, it might be ₹200, and in a bull market, it may go up to ₹6480.
Surana Telecom Share Price Target 2050
Rupees (₹)
Bear Market
200
Normal Market
1000
Bull Market
6480
Quick Summary of Surana Telecom Share Price Target 2025 to 2050
Years
Target Price
Surana Telecom Share Price Target 2025
₹18 to ₹30
Surana Telecom Share Price Target 2026
₹20 to ₹40
Surana Telecom Share Price Target 2027
₹23 to ₹52
Surana Telecom Share Price Target 2028
₹24 to ₹68
Surana Telecom Share Price Target 2029
₹26 to ₹98
Surana Telecom Share Price Target 2030
₹30 to ₹120
Surana Telecom Share Price Target 2035
₹50 to ₹360
Surana Telecom Share Price Target 2040
₹70 to ₹1080
Surana Telecom Share Price Target 2050
₹200 to ₹6480
Disclaimer
This article is for educational purposes only. It is not a stock recommendation and should not be treated as such. Please ask your financial advisor before making any investment decision.
Yogesh Jalwania is a stock market trader and investor with 3+ years of experience. He share valuable insights on stock market trends, mutual funds and IPOs.
