Sarda Energy & Minerals logo

Sarda Energy & Minerals

SARDAEN NSE

Key Fundamentals

SmallcapIron & SteelMetals & Mining
Market Cap
₹17,438 Cr
Volatility
Moderate
P/E Ratio
15.44
EBITDA
₹2,025 Cr
Return on Equity
14.22%
Debt to Equity
0.36
Book Value
₹209.15
EPS
₹15.69
52W High
₹624
52W Low
₹453.1

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

1
  • Company has delivered good profit growth of 22.4% CAGR over last 5 years

Growth Rate

Revenue Growth
23.1% higher than 3Y
Net Income Growth
56.09% higher than 3Y
Cash Flow Change
95.87% lower than 3Y
ROE
33.4% higher than 3Y
ROCE
30.3% higher than 3Y
EBITDA Margin (Avg.)
16.63% lower than 3Y

AI Analysis — Bull vs Bear

5d ago
AI opinion · based on fundamentals
Risk medium

Sarda Energy & Minerals has a market capitalisation of about ₹17,633 Cr and trades at a P/E of 15.3x and a P/B of 2.39x. Profit has compounded at 22% over 5 years and 20% over 3 years, and TTM profit is up 20%. Growth is slowing, though: 3-year sales CAGR is 11% against 21% over 5 years, 3-year ROE is 14% against 17% over 5 years, and the stock has returned -13% over the past year after a 49% 5-year CAGR.

Bull Case 7
  • Profit has compounded consistently: 22% CAGR over 5 years, 20% over 3 years and 20% TTM. That points to steady earnings growth rather than a single spike.
  • Return on equity has held in a 14-17% band over 3, 5 and 10 years (10-year ROE 16%, last year 15%). That is fairly steady for a commodity-linked business.
  • A P/E of 15.3x implies an earnings yield of about 6.5%, which looks modest against 20% TTM profit growth.
  • TTM profit growth of 20% is well ahead of TTM sales growth of 6%, which suggests better margins or operating leverage in the latest period.
  • Over the long term, sales have compounded at 14% and profit at 58% over 10 years, showing how much the business has grown.
  • Shareholders have been rewarded over the long term, with stock CAGR of 37% over 10 years, 49% over 5 years and 30% over 3 years.
  • The P/B of 2.39x is roughly in line with a sustained ROE of about 15% (implied ROE = P/B ÷ P/E ≈ 15.6%). The book value multiple appears backed by returns rather than stretched.
Bear Case 8
  • Sales growth is slowing: 21% CAGR over 5 years, 11% over 3 years and only 6% TTM. The top line is losing momentum.
  • Profitability has eased, with 3-year ROE of 14% below the 5-year average of 17%. Recent capital deployment may be earning lower returns.
  • The stock returned -13% over the past year, a sharp reversal from its 49% 5-year CAGR. This may reflect concerns about growth or the commodity cycle.
  • Profit growing 20% TTM on just 6% sales growth relies on margins widening. In a commodities business, a turn in input or output prices could reverse that quickly.
  • The dividend yield is low at 0.4%, which implies a payout of only about 6% of earnings at a 15.3x P/E. That offers little income cushion if the share price is volatile.
  • Key balance sheet figures are missing: debt-to-equity, ROCE and EPS are not reported in the data. Leverage risk, which matters for a capital-intensive commodity producer, cannot be checked here.
  • The 58% 10-year profit CAGR is likely inflated by a low starting base. The more relevant 3-year and 5-year rates (20-22%) are about a third of that level.
  • A P/B of 2.39x for a cyclical commodity business leaves less downside protection from book value than peers trading closer to 1x if earnings fall.

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

20h ago
Positives 1
  • ₹2.00 per share dividend declared Sep 24

    Shareholders approved a dividend of ₹2.00 per share for FY26, which points to steady cash generation and a shareholder-friendly payout policy.

Neutral 2
  • ₹1,000 crore NCD issuance approved Sep 24

    Shareholders approved raising up to ₹1,000 crore through non-convertible debentures. This gives the company funding headroom for growth or refinancing, but could raise leverage depending on how and when it is used.

  • Analyst and investor meet scheduled Sep 28

    Sarda Energy & Minerals has scheduled an analyst and investor meeting for October 1. Management may update on capex, the use of NCD proceeds and operating performance.

TL;DR: News flow for Sarda Energy & Minerals is limited and mostly procedural. The ₹2.00 per share dividend is a modest positive, and the ₹1,000 crore NCD approval gives the company funding flexibility, though it brings some leverage risk if fully drawn. No clear headwinds appear in these articles, so the trend looks stable rather than clearly improving or getting worse. The October 1 investor meet is the next likely trigger, and guidance there on how the NCD money will be used and on growth capex will shape sentiment.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,052
1,001
925
889
926
1,159
1,319
1,239
1,633
1,528
1,276
1,254
1,608
Expenses
837
759
737
737
666
821
950
968
1,016
1,016
965
906
955
Operating Profit
215
242
188
152
261
337
369
271
617
512
311
348
653
OPM %
20%
24%
20%
17%
28%
29%
28%
22%
38%
34%
24%
28%
41%
Other Income
83
24
32
42
75
51
0
46
80
68
95
5
108
Interest
35
35
31
28
36
50
64
70
62
64
64
54
58
Depreciation
45
46
46
46
45
62
78
87
81
85
86
88
89
PBT
218
186
143
121
255
276
226
160
553
431
255
210
615
Tax %
20%
19%
25%
37%
24%
26%
17%
41%
24%
27%
28%
33%
25%
Net Profit
172
149
114
88
198
203
200
100
437
328
190
155
478
EPS in Rs
4.85
3.99
3.32
2.68
5.64
5.55
5.6
3.07
12.33
9.17
5.4
4.48
13
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1,760
1,480
1,434
2,174
2,324
2,000
2,199
3,914
4,212
3,868
4,643
5,690
5,665
Expenses
1,383
1,289
1,217
1,772
1,842
1,644
1,679
2,559
3,152
3,070
3,406
3,903
3,842
Operating Profit
377
191
217
402
482
356
520
1,355
1,060
798
1,237
1,787
1,824
OPM %
21%
13%
15%
18%
21%
18%
24%
35%
25%
21%
27%
31%
32%
Other Income
-77
35
96
63
17
-17
130
43
49
181
172
247
276
Interest
120
112
94
97
99
82
79
147
124
128
220
244
240
Depreciation
93
75
69
73
76
78
75
143
178
183
271
341
348
PBT
87
39
150
294
324
179
495
1,108
807
667
918
1,449
1,511
Tax %
35%
68%
15%
30%
36%
24%
23%
27%
25%
24%
26%
27%
—
Net Profit
56
13
127
205
207
128
376
807
604
524
702
1,109
1,151
EPS in Rs
1.53
0.35
3.66
5.62
5.64
3.5
10.4
22.31
17.09
14.84
19.86
31.38
32.05
Div. Payout %
20%
143%
11%
9%
9%
14%
7%
3%
9%
7%
8%
6%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
36
36
36
36
36
36
36
36
35
35
35
35
Reserves
1,174
1,187
1,322
1,540
1,707
1,834
2,182
2,968
3,375
3,853
6,251
7,335
Borrowings
1,482
1,221
1,363
1,386
1,395
1,694
1,714
1,581
1,407
1,366
2,861
2,632
Other Liabilities
352
382
395
451
543
538
587
714
664
747
977
1,369
Total Liabilities
3,044
2,827
3,115
3,413
3,682
4,102
4,518
5,298
5,481
6,002
10,125
11,371
Fixed Assets
1,333
1,226
1,183
1,358
1,349
1,323
1,287
2,853
2,907
2,853
5,845
6,100
CWIP
441
594
799
783
1,063
1,374
1,616
133
132
251
728
472
Investments
279
205
226
241
213
191
266
500
422
659
792
1,645
Other Assets
991
803
907
1,030
1,057
1,214
1,349
1,812
2,020
2,239
2,759
3,154
Total Assets
3,044
2,827
3,115
3,413
3,682
4,102
4,518
5,298
5,481
6,002
10,125
11,371
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-36
469
177
300
480
336
188
917
701
742
886
1,735
Investing
330
-148
-241
-156
-399
-415
-186
-466
-431
-423
-2,132
-1,166
Financing
-385
-383
63
-86
-106
199
-70
-331
-479
-223
1,200
-519
Net Cash Flow
-91
-61
-1
58
-24
120
-68
120
-208
96
-46
50
Free Cash Flow
-50
309
-63
49
155
-16
-115
644
485
477
396
1,400
CFO/OP
-2
254
89
90
123
112
52
87
88
112
74
98
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
20
31
27
22
15
23
23
16
16
10
17
18
Inventory Days
177
84
133
102
107
141
157
107
106
80
115
99
Days Payable
29
42
59
39
46
72
67
46
24
26
28
22
Cash Conversion Cycle
168
72
101
85
76
92
113
77
98
64
105
96
Working Capital Days
7
117
154
99
96
120
97
53
67
49
68
68
ROCE %
12%
6%
8%
14%
13%
8%
15%
29%
19%
15%
15%
17%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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Shareholding Pattern

DIIs3.47%Promot.73.16%FIIs3.52%Others4.17%Public15.68%As ofJun 2026

Documents

Frequently Asked Questions about Sarda Energy & Minerals

What does Sarda Energy & Minerals Ltd do?
Incorporated in 1973, Sarda Energy & Minerals Limited (SEML) is the flagship company of Sarda Group and is engaged in the production of steel, ferro alloys and power. [1]
Where is Sarda Energy & Minerals Ltd (SARDAEN) listed?
Sarda Energy & Minerals Ltd trades as SARDAEN on the NSE and under code 504614 on the BSE.
Which sector does Sarda Energy & Minerals Ltd belong to?
Sarda Energy & Minerals Ltd is classified under the Metals & Mining sector, in the Iron & Steel industry.
What is the market capitalisation of Sarda Energy & Minerals Ltd?
Sarda Energy & Minerals Ltd has a market capitalisation of ₹17,438 Cr, which places it in the Mid Cap band.
What is the PE ratio of Sarda Energy & Minerals Ltd?
Sarda Energy & Minerals Ltd trades at a PE ratio of 15.44, on earnings per share of ₹15.69, against a book value of ₹209.15 per share.
What is the 52-week high and low of Sarda Energy & Minerals Ltd?
Over the last 52 weeks Sarda Energy & Minerals Ltd has traded between ₹453.1 and ₹624.
Does Sarda Energy & Minerals Ltd pay dividends?
Sarda Energy & Minerals Ltd has a dividend yield of 0.40%.
What is the Return on Equity (ROE) of Sarda Energy & Minerals Ltd?
Sarda Energy & Minerals Ltd reported a return on equity of 14.22%. Its debt-to-equity ratio is 0.36.

Company Information

Incorporated in 1973, Sarda Energy & Minerals Limited (SEML) is the flagship company of Sarda Group and is engaged in the production of steel, ferro alloys and power. [1]

Website seml.co.in
CEO Mr. Kamal Kishore Sarda B.E. (Mech)
Employees 1,905
Listed 2009-12-03
Face Value ₹ 1
Issued Size 35,23,81,270

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