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Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹27949 Cr.
Stock P/E
30.7
P/B
2.4
Current Price
₹1001.3
Book Value
₹ 412.8
Face Value
10
52W High
₹1014.5
52W Low
₹ 745.7
Dividend Yield
0.45%

Shyam Metalics&Ener Overview

Business

Shyam Metalics And Energy Ltd. is an integrated metal producing company based in India. Its core business involves the manufacturing and sale of a diverse range of long steel products, ferro alloys, and intermediate products like sponge iron and pellets. The company operates a fully integrated manufacturing value chain, from raw material beneficiation (producing iron ore pellets) to manufacturing finished steel products (like structural steel, TMT bars, wire rods) and ferro alloys (such as ferro manganese, ferro silicon, ferro chrome). This integration enables cost efficiencies and quality control across its operations. The company generates revenue by selling these various steel and ferro alloy products to a wide range of end-user industries including infrastructure, construction, automotive, and power. It also has captive power generation facilities, reducing its reliance on external power sources.

Revenue Mix

Shyam Metalics' major business segments broadly include:

Steel Products: This segment comprises various long steel products such as TMT bars, structural steel, wire rods, and billets.

Ferro Alloys: The company produces different grades of ferro alloys, which are crucial additives in steel manufacturing.

Intermediate Products: This includes the manufacturing of sponge iron and iron ore pellets, which are key raw materials for steel production.

Power: Through its captive power plants, the company fulfills its internal energy requirements and may also sell surplus power.

While specific revenue contributions can vary year-to-year based on market prices and demand, the steel products and ferro alloys typically represent the largest revenue-generating segments.

Industry

The Indian steel industry is a cyclical, capital-intensive, and commodity-driven sector, heavily influenced by economic growth, infrastructure spending, and industrial production. It is characterized by the presence of large integrated players, mid-tier companies, and numerous smaller, regional units. Shyam Metalics is positioned as a rapidly growing, integrated mid-tier player in the Indian steel and ferro alloys sector. Its significant presence in Eastern India and integrated operations provide a regional competitive edge. The company differentiates itself through its multi-product portfolio, vertical integration from pellets to finished steel, and focus on both commodity and value-added products.

MOAT

Shyam Metalics possesses several competitive advantages:

Vertical Integration: Its fully integrated operations, from producing iron ore pellets and sponge iron to manufacturing finished long steel products and ferro alloys, coupled with captive power generation, significantly contributes to cost efficiency and reduces reliance on external raw material and power suppliers. This cost leadership is crucial in a commodity business.

Operational Efficiency & Modern Facilities: The company utilizes modern manufacturing processes and automation, leading to higher operational efficiencies and consistent product quality.

Diversified Product Portfolio: Offering a wide range of products (steel long products, ferro alloys, intermediates) diversifies revenue streams and reduces dependence on any single product category or end-user industry.

Strategic Location: Its manufacturing facilities are strategically located in mineral-rich Eastern India, providing proximity to raw material sources and key markets.

Growth Drivers

Key factors that can drive Shyam Metalics' growth over the next 3-5 years include:

Infrastructure Development: India's continued focus on large-scale infrastructure projects (roads, railways, housing, urban development) will sustain robust demand for steel.

Industrialization & Economic Growth: Broader economic growth and increased industrial activity will boost steel consumption across various sectors.

Capacity Expansion Plans: The company's ongoing and planned capacity expansion projects across its various segments (steel, ferro alloys, pellets) are direct drivers of volume growth.

Focus on Value-Added Products: Increasing the proportion of higher-margin, value-added steel products in its portfolio can improve profitability.

Raw Material Security: Further backward integration or securing long-term raw material linkages will enhance cost competitiveness and supply stability.

Risks

Commodity Price Volatility: Prices of steel, ferro alloys, and key raw materials (iron ore, coal) are highly cyclical and volatile, directly impacting profitability.

Economic Downturn: A slowdown in the Indian or global economy can reduce demand for steel, affecting sales volumes and prices.

Regulatory & Environmental Risks: Stricter environmental norms, changes in mining policies, or trade protectionist measures can impact operations and costs.

Input Cost Inflation: Significant increases in the cost of raw materials (even with integration), power, or logistics can erode margins.

Intense Competition: The presence of large domestic players and potential competition from imports can put pressure on pricing and market share.

Execution Risk: Delays or cost overruns in ongoing capacity expansion projects could impact financial performance.

Management & Ownership

Shyam Metalics And Energy Ltd. is primarily a promoter-driven company, led by the Agarwal family. The promoters have a long-standing experience and established track record in the metals and energy sector, guiding the company's growth and integration strategy. The ownership structure typically features a significant promoter holding, indicating strong promoter commitment and control over the company's long-term vision and operations.

Outlook

Shyam Metalics is well-positioned to capitalize on India's growth story, particularly driven by infrastructure and industrial development. Its integrated business model and ongoing capacity expansions are strong tailwinds that could lead to significant volume and revenue growth. The company's focus on cost efficiency through integration and diversified product portfolio provides a degree of resilience in a cyclical industry.

However, the company remains susceptible to the inherent volatility of commodity prices for steel and its raw materials. Any prolonged downturn in steel prices or significant increase in input costs could pressure margins. Execution risks associated with large-scale capital expenditure plans and increasing competition are also factors to monitor. Overall, the outlook is balanced between the robust domestic demand environment and the cyclical and competitive nature of the global steel industry.

Shyam Metalics&Ener Share Price

Live · BSE / NSE · Inception: 2002
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Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Shyam Metalics&Ener Quarterly Results

#(Fig in Cr.) Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Net Sales 3315 3606 3612 3634 3756 4148 4419 4457 4421 5240
Other Income 40 51 51 72 51 54 54 69 52 29
Total Income 3355 3657 3662 3706 3807 4202 4472 4526 4473 5270
Total Expenditure 2908 3148 3124 3225 3301 3633 3839 3918 3934 4513
Operating Profit 447 510 539 481 507 569 633 609 539 756
Interest 40 22 29 30 41 44 40 50 51 51
Depreciation 182 156 136 144 203 229 205 211 218 249
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 226 332 374 307 263 297 389 347 270 456
Provision for Tax 100 112 98 91 66 77 98 87 73 145
Profit After Tax 126 220 276 216 197 220 291 260 197 312
Adjustments 2 -3 0 -0 0 -1 2 1 -0 8
Profit After Adjustments 127 217 276 216 198 219 292 262 197 319
Adjusted Earnings Per Share 5 7.8 9.9 7.8 7.1 7.9 10.5 9.4 7.1 11.5

Shyam Metalics&Ener 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 2240 1717 2196 3753 4606 4376 6297 10394 12658 13195 15138 18537
Other Income 87 37 77 80 78 16 77 115 104 159 232 204
Total Income 2327 1753 2274 3833 4685 4393 6374 10509 12763 13354 15369 18741
Total Expenditure 1950 1579 1923 3053 3662 3715 4956 7849 11159 11625 13273 16204
Operating Profit 377 174 350 780 1023 678 1417 2660 1604 1729 2096 2537
Interest 77 61 52 49 64 86 62 23 93 133 144 192
Depreciation 209 230 213 215 195 297 300 272 474 656 711 883
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 91 -117 86 519 764 295 1055 2364 1037 940 1241 1462
Provision for Tax -12 -40 5 -11 127 -45 211 640 193 -89 332 403
Profit After Tax 103 -77 81 530 637 340 844 1724 843 1029 909 1060
Adjustments -25 3 -10 -104 -33 0 -0 0 9 6 -1 11
Profit After Adjustments 78 -74 72 426 604 340 843 1725 853 1035 908 1070
Adjusted Earnings Per Share 3.6 -3.5 3.1 18.2 25.9 14.6 36.1 67.6 33.4 37.2 32.6 38.5

Shyam Metalics&Ener 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 1024 1366 1389 1856 2490 2826 3634 5835 7276 9647 10553
Minority's Interest 330 479 414 210 4 4 4 4 386 671 725
Borrowings 452 322 240 202 213 351 120 126 332 269 155
Other Non-Current Liabilities 144 358 338 200 313 287 223 311 545 614 1203
Total Current Liabilities 753 721 842 1003 1032 1565 1432 2150 3555 3815 5235
Total Liabilities 2704 3246 3223 3470 4052 5033 5413 8425 12093 15016 17872
Fixed Assets 1213 1865 1751 1744 1774 2012 1802 2455 3311 3995 6357
Other Non-Current Assets 461 449 305 229 492 489 872 1297 4549 5790 5354
Total Current Assets 1030 932 1167 1497 1787 2532 2739 4674 4234 5230 6161
Total Assets 2704 3246 3223 3470 4052 5033 5413 8425 12093 15016 17872

Shyam Metalics&Ener 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 78 11 13 41 8 10 30 164 92 91 39
Cash Flow from Operating Activities 488 441 135 503 457 -91 1056 1561 1518 1794 1964
Cash Flow from Investing Activities -1058 -285 102 -156 -567 -420 -499 -1800 -1944 -2762 -1904
Cash Flow from Financing Activities 703 -152 -222 -404 112 531 -423 167 424 916 -36
Net Cash Inflow / Outflow 133 3 14 -57 2 20 134 -72 -1 -51 24
Closing Cash & Cash Equivalent 198 13 41 8 10 30 164 92 91 39 63

Shyam Metalics&Ener 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) 3.62 -3.47 3.07 18.23 25.86 14.56 36.1 67.61 33.43 37.22 32.64
CEPS(Rs) 14.38 7.2 12.58 31.86 35.59 27.26 48.97 78.27 51.65 60.6 58.24
DPS(Rs) 0 0 0 0 0 0 4.55 4.95 4.5 4.5 4.5
Book NAV/Share(Rs) 47.23 64.02 59.46 79.43 106.57 120.99 155.56 228.74 285.24 348.34 380.22
Core EBITDA Margin(%) 11.74 7.23 11.36 18.19 20.51 15.11 21.29 24.49 11.85 11.9 12.32
EBIT Margin(%) 6.8 -2.93 5.73 14.74 17.98 8.71 17.74 22.97 8.93 8.13 9.15
Pre Tax Margin(%) 3.7 -6.14 3.58 13.48 16.58 6.75 16.75 22.75 8.19 7.12 8.2
PAT Margin (%) 4.18 -4.04 3.38 13.76 13.82 7.77 13.4 16.59 6.66 7.8 6.01
Cash Profit Margin (%) 12.63 8.05 12.23 19.34 18.05 14.55 18.17 19.21 10.41 12.77 10.7
ROA(%) 5.11 -2.58 2.51 15.82 16.93 7.49 16.15 24.92 8.22 7.59 5.53
ROE(%) 12.25 -6.44 5.91 32.64 29.31 12.8 26.11 36.42 12.87 12.13 8.97
ROCE(%) 10.48 -2.68 6.49 25.06 29.42 10.67 26.74 44.25 15.27 11.49 12.84
Receivable days 14.94 26.85 31.12 30.74 23.32 15.51 20.07 15.97 14.21 18.22 18.09
Inventory Days 43.75 69.89 55.49 44.85 50.95 92.53 72.95 54.21 61.58 60.61 62.13
Payable days 22.48 41.03 46.48 51.55 49.63 60.88 45.22 45.13 55.58 75.22 88.17
PER(x) 0 0 0 0 0 0 0 5.35 7.89 15.87 26.17
Price/Book(x) 0 0 0 0 0 0 0 1.58 0.92 1.7 2.25
Dividend Yield(%) 0 0 0 0 0 0 0 1.37 1.71 0.76 0.53
EV/Net Sales(x) 0.38 0.43 0.31 0.15 0.19 0.28 0.11 0.91 0.61 1.29 1.62
EV/Core EBITDA(x) 2.26 4.25 1.93 0.72 0.84 1.8 0.49 3.55 4.8 9.81 11.68
Net Sales Growth(%) 126.07 -23.37 27.95 70.87 22.74 -4.99 43.89 65.06 21.78 4.24 14.72
EBIT Growth(%) 50.94 -133.15 347.14 312.18 45.98 -53.97 193.08 113.66 -52.67 -5.04 29.08
PAT Growth(%) 82.84 -174.47 205.84 551.05 20.25 -46.57 147.93 104.4 -51.08 21.99 -11.64
EPS Growth(%) 21.21 -196.08 188.45 493.31 41.85 -43.68 147.87 87.28 -50.56 11.34 -12.3
Debt/Equity(x) 0.98 0.56 0.52 0.3 0.29 0.39 0.22 0.09 0.16 0.06 0.07
Current Ratio(x) 1.37 1.29 1.39 1.49 1.73 1.62 1.91 2.17 1.19 1.37 1.18
Quick Ratio(x) 0.85 0.82 0.92 0.94 1.02 0.67 1.19 1.22 0.57 0.8 0.61
Interest Cover(x) 2.19 -0.91 2.67 11.69 12.86 4.44 17.89 103.09 12.13 8.05 9.62
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0.06 0.17 0.04 0.03

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +15% +13% +28% +21%
Operating Profit CAGR +21% -8% +25% +19%
PAT CAGR -12% -19% +22% +24%
Share Price CAGR +16% +50%
ROE Average +9% +11% +19% +17%
ROCE Average +13% +13% +22% +17%

Shyam Metalics&Ener Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 74.59 %
FII 3.09 %
DII (MF + Insurance) 9.17 %
Public (retail) 25.41 %
# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 81.6274.5974.5974.5974.5974.5974.5974.5974.5974.59
FII 1.982.352.253.483.843.750.443.653.213.09
DII 3.714.455.386.186.737.6711.498.638.869.17
Public 18.3825.4125.4125.4125.4125.4125.4125.4125.4125.41
Others 0000000000
Total 100100100100100100100100100100

Shyam Metalics&Ener Peer Comparison

Steel & Iron Products Edit Columns

Shyam Metalics&Ener Quarterly Price

10-year quarterly close · BSE
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News & Updates

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Shyam Metalics&Ener Pros & Cons

Pros

  • Company has delivered good profit growth of 21% CAGR over last 5 years
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 11% over the last 3 years.
  • Debtor days have increased from 75.22 to 88.17days.
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