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Sarda Energy&Min. Overview

Sarda Energy & Minerals Ltd is a manufacturer of steel and ferro alloys. The Company is engaged in the manufacturing and promoting of pellets, sponge iron, metallic billets, wire rod, wire and ferro alloys from its plant positioned at Raipur, Chhattisgarh. Its segments consist of Steel, Ferro and Power. It produces sponge iron for its personal captive use to produce metal ingots and billets through furnace route. It produces and exports manganese-based ferro alloys with exports to 60 countries. Ferro alloys are produced in sub-merged arc furnac...Read More

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Sarda Energy&Min. Key Financials

Market Cap ₹20984 Cr.

Stock P/E 30.8

P/B 2.9

Current Price ₹595.5

Book Value ₹ 203.8

Face Value 1

52W High ₹640

Dividend Yield 0.25%

52W Low ₹ 402.1

Sarda Energy&Min. Share Price

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Volume
Price

Sarda Energy&Min. Quarterly Price

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Sarda Energy&Min. Peer Comparison

Sarda Energy&Min. Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 1001 925 889 926 1159 1319 1239 1633 1528 1276
Other Income 24 34 43 75 56 -0 47 80 68 84
Total Income 1025 960 933 1001 1214 1319 1286 1713 1596 1360
Total Expenditure 759 737 737 666 821 950 968 1016 1016 965
Operating Profit 266 222 196 336 393 368 317 697 580 395
Interest 35 31 28 36 55 64 70 62 64 64
Depreciation 46 46 46 45 62 78 87 81 85 86
Exceptional Income / Expenses 0 -2 -1 0 0 0 -0 0 0 10
Profit Before Tax 186 143 121 255 276 226 160 553 431 255
Provision for Tax 35 36 44 60 73 38 66 130 116 71
Profit After Tax 151 107 76 194 204 188 95 423 315 184
Adjustments -10 10 18 4 -9 9 14 11 8 7
Profit After Adjustments 141 117 94 199 195 197 108 434 323 190
Adjusted Earnings Per Share 4 3.3 2.7 5.6 5.5 5.6 3.1 12.3 9.2 5.4

Sarda Energy&Min. Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 1760 1480 1434 2174 2324 2000 2199 3914 4212 3868 4643 5676
Other Income 63 36 73 72 41 26 159 79 87 195 183 279
Total Income 1822 1515 1508 2246 2365 2027 2357 3993 4299 4063 4826 5955
Total Expenditure 1383 1289 1223 1774 1866 1687 1693 2588 3189 3081 3416 3965
Operating Profit 440 227 284 472 499 339 664 1406 1110 982 1410 1989
Interest 120 112 94 97 99 82 79 147 124 128 220 260
Depreciation 93 75 69 73 76 78 75 143 178 183 271 339
Exceptional Income / Expenses -139 -1 28 -8 0 0 -15 -7 0 -3 -0 10
Profit Before Tax 87 39 150 294 324 179 495 1108 807 667 918 1399
Provision for Tax 31 27 23 90 117 43 115 300 202 159 237 383
Profit After Tax 56 13 127 205 207 136 380 808 605 509 681 1017
Adjustments -1 -0 5 -2 -4 -9 -5 -4 -3 14 19 40
Profit After Adjustments 55 13 132 202 203 126 375 804 602 523 700 1055
Adjusted Earnings Per Share 1.5 0.3 3.7 5.6 5.6 3.5 10.4 22.3 17.1 14.8 19.9 30

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 20% 6% 18% 10%
Operating Profit CAGR 44% 0% 33% 12%
PAT CAGR 34% -6% 38% 28%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 24% 74% 70% 49%
ROE Average 13% 15% 19% 13%
ROCE Average 16% 17% 19% 14%

Sarda Energy&Min. Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 1210 1223 1358 1576 1743 1870 2218 3004 3410 3889 6286
Minority's Interest 71 72 83 88 132 100 101 104 100 106 106
Borrowings 821 877 923 983 1064 1408 1493 1195 1063 1058 2342
Other Non-Current Liabilities 125 108 78 91 94 97 102 168 157 169 362
Total Current Liabilities 818 546 673 673 649 626 605 828 751 780 1028
Total Liabilities 3044 2827 3115 3413 3682 4102 4518 5298 5481 6002 10125
Fixed Assets 1333 1226 1138 1310 1297 1271 1234 2806 2861 2815 5809
Other Non-Current Assets 574 780 925 988 1242 1527 1785 361 376 562 1169
Total Current Assets 1137 822 1053 1115 1143 1304 1499 2131 2245 2625 3147
Total Assets 3044 2827 3115 3413 3682 4102 4518 5298 5481 6002 10125

Sarda Energy&Min. Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 102 72 11 10 68 43 164 96 216 8 104
Cash Flow from Operating Activities -36 469 177 300 480 336 188 917 701 742 886
Cash Flow from Investing Activities 330 -148 -241 -156 -399 -415 -186 -466 -431 -423 -2132
Cash Flow from Financing Activities -385 -383 63 -86 -106 199 -70 -331 -479 -223 1200
Net Cash Inflow / Outflow -91 -61 -1 58 -24 120 -68 120 -208 96 -46
Closing Cash & Cash Equivalent 11 11 10 68 43 164 96 216 8 104 58

Sarda Energy&Min. Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 1.53 0.35 3.66 5.62 5.64 3.5 10.4 22.31 17.09 14.84 19.86
CEPS(Rs) 4.15 2.44 5.43 7.71 7.87 5.92 12.63 26.39 22.23 19.63 27.03
DPS(Rs) 0.3 0.2 0.4 0.5 0.5 0.5 0.75 0.75 1.5 1 1.5
Book NAV/Share(Rs) 33.64 33.99 37.67 43.73 48.36 51.86 61.53 83.32 96.77 110.35 178.39
Core EBITDA Margin(%) 19.83 11.89 13.44 18.03 19.69 15.64 22.98 33.89 24.28 20.34 26.41
EBIT Margin(%) 10.91 9.4 15.53 17.64 18.19 13.07 26.13 32.07 22.11 20.57 24.51
Pre Tax Margin(%) 4.59 2.45 9.56 13.28 13.93 8.94 22.53 28.31 19.16 17.25 19.77
PAT Margin (%) 2.96 0.79 8.08 9.24 8.92 6.78 17.3 20.65 14.37 13.15 14.67
Cash Profit Margin (%) 7.84 5.46 12.45 12.54 12.21 10.67 20.71 24.31 18.6 17.89 20.52
ROA(%) 1.79 0.43 4.27 6.27 5.84 3.48 8.83 16.47 11.23 8.86 8.45
ROE(%) 4.78 1.05 9.84 13.96 12.48 7.5 18.61 30.96 18.87 13.94 13.39
ROCE(%) 7.45 5.88 9.45 13.76 13.86 7.8 15.33 29.48 19.81 15.8 15.84
Receivable days 15.55 25.24 26.87 19.57 17.58 19.75 21.76 14.31 15.2 13.36 12.67
Inventory Days 68.31 73.85 65.57 62.07 66.81 85.79 89.62 55.58 58.02 59.19 52.56
Payable days 40.53 31.13 39.16 30.11 38.06 55.66 56.77 36.53 25.38 23.3 26.03
PER(x) 8.12 26.86 6.64 7.49 5.55 3.39 4.03 5.07 6.3 13.69 25.72
Price/Book(x) 0.37 0.28 0.65 0.96 0.65 0.23 0.68 1.36 1.11 1.84 2.86
Dividend Yield(%) 2.42 2.13 1.65 1.19 1.6 4.21 1.79 0.66 1.39 0.49 0.29
EV/Net Sales(x) 1.09 1.05 1.55 1.3 1.07 0.98 1.42 1.37 1.15 2.01 4.35
EV/Core EBITDA(x) 4.36 6.83 7.83 6 4.96 5.77 4.71 3.82 4.35 7.9 14.34
Net Sales Growth(%) 10.59 -15.91 -3.09 51.56 6.91 -13.93 9.93 78.01 7.61 -8.16 20.03
EBIT Growth(%) -25.03 -27.28 61.56 60.28 8.1 -38.16 119.78 118.49 -25.81 -14.55 43
PAT Growth(%) -38.86 -77.36 896.14 61.28 1.18 -34.58 180.64 112.48 -25.14 -15.93 33.93
EPS Growth(%) -39.85 -77.1 946.37 53.46 0.34 -37.82 196.73 114.5 -23.4 -13.14 33.81
Debt/Equity(x) 1.23 1 1 0.88 0.8 0.91 0.77 0.53 0.41 0.35 0.45
Current Ratio(x) 1.39 1.5 1.56 1.66 1.76 2.08 2.48 2.57 2.99 3.36 3.06
Quick Ratio(x) 0.87 1.1 1.05 1.04 1.08 1.28 1.52 1.83 2.02 2.69 2.27
Interest Cover(x) 1.73 1.35 2.6 4.04 4.27 3.17 7.26 8.53 7.49 6.2 5.17
Total Debt/Mcap(x) 3.32 3.61 1.56 0.91 1.24 3.95 1.14 0.39 0.37 0.19 0.16

Sarda Energy&Min. Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 72.64 72.64 72.64 73.16 73.16 73.16 73.16 73.16 73.16 73.16
FII 2.81 2.69 2.5 2.28 2.66 3.47 3.83 4.13 3.54 3.51
DII 3.85 3.61 3.75 4.27 4.35 3.78 3.81 2.88 2.92 3.32
Public 20.7 21.06 21.11 20.29 19.83 19.59 19.21 19.83 20.38 20.01
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Sarda Energy&Min. News

Sarda Energy&Min. Pros & Cons

Pros

  • Company has delivered good profit growth of 38% CAGR over last 5 years
  • Company is almost debt free.

Cons

  • Debtor days have increased from 23.3 to 26.03days.
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