Shyam Metalics & Energy Ltd logo

Shyam Metalics & Energy Ltd

SHYAMMETL NSE

Key Fundamentals

SmallcapIron & Steel ProductsIndustrial Products
Market Cap
₹27,439 Cr
Volatility
Moderate
P/E Ratio
24.32
EBITDA
₹2,537 Cr
Return on Equity
8.58%
Debt to Equity
0.09
Book Value
₹412.84
EPS
₹39.63
52W High
₹1,090
52W Low
₹746

Insights

Beta

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

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56 extracted metrics + investor summaries across FY18–FY26.

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Tapetide Score

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

Technical Indicators

Key Insights

Strengths

1
  • Company is almost debt free.

Weaknesses

2
  • Company has a low return on equity of 10.2% over last 3 years.
  • Dividend payout has been low at 12.5% of profits over last 3 years

Growth Rate

Revenue Growth
21.88% ↗
Net Income Growth
16.60% ↗
Cash Flow Change
18.10% ↗
ROE
6.45% ↘
ROCE
9.47% ↗
EBITDA Margin (Avg.)
-0.73% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 10h ago
AI opinion · based on fundamentals
Risk medium

Shyam Metalics & Energy Ltd is a ₹27,439 crore integrated metal producer trading at a P/E of 24.6x with near-zero debt, 23% TTM sales growth, and a 3-year stock CAGR of 29%. However, the company's return on equity has averaged only 10% over 3 years, dividend payout remains low at 12.5%, and Q4 FY24 profit fell 17% YoY, reflecting margin cyclicality in the steel value chain.

Bull Case 8
  • Virtually debt-free balance sheet with a debt-to-equity ratio near zero, providing significant financial flexibility for expansion
  • TTM revenue growth of 23% and 5-year compounded sales CAGR of 24%, demonstrating consistent top-line momentum
  • Aggressive capacity expansion from 15 MTPA currently to 27 MTPA by FY31, backed by a ₹10,000 crore capex plan targeting ₹40,000 crore revenue by 2031
  • High promoter holding of ~74.6%, indicating strong skin-in-the-game and alignment with minority shareholders
  • 3-year stock price CAGR of 29%, significantly outperforming broader market indices over the same period
  • Integrated operations spanning pellets, sponge iron, ferro alloys, TMT bars, and captive power (376 MW), providing cost advantages across the value chain
  • TTM profit growth of 22% indicates recovering earnings trajectory after the Q4 FY24 dip
  • Entry into higher-margin specialty steel and stainless steel segments with ₹2,700 crore dedicated investment for value-added products
Bear Case 8
  • Return on equity averaged only 10% over the last 3 years, below the 15%+ threshold typically expected for quality compounders
  • Dividend payout of just 12.5% of profits over 3 years with a current yield of only 0.18%, offering negligible income to shareholders
  • Q4 FY24 net profit declined 17.09% YoY despite 6.69% revenue growth, highlighting margin vulnerability in a cyclical commodity business
  • P/E of 24.6x is elevated for a metals and energy company with 10% ROE, implying high expectations already priced in
  • 5-year compounded profit CAGR of only 5% significantly lags the 24% sales CAGR, suggesting limited operating leverage or persistent margin compression over cycles
  • P/B ratio of 2.39x against a 10% ROE implies the market is pricing in future returns that have not yet materialized
  • ₹10,000 crore capex plan carries execution risk and may pressure free cash flows over the next 5 years even if funded internally
  • Steel sector remains exposed to global pricing cycles, Chinese overcapacity, and potential trade policy shifts that can compress margins rapidly

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

AI News Digest

Anthropic anthropic claude-opus-4.6 4h ago
Headwinds 1
  • Sponge iron volumes decline YoY Aug 6

    July 2026 sales data showed sponge iron volumes declined on a year-on-year basis, indicating weakness in this legacy segment even as other products grew.

Positives 7
  • FY26 revenue up 22% to ₹18,552 Cr Aug 3

    Consolidated FY26 revenue rose 22% YoY to ₹18,552 crore with PAT of ₹1,060 crore and operating EBITDA up 25% YoY to ₹2,333 crore.

  • Q1FY27 profit rises 21% Jul 24

    Net profit grew 21% to ₹351 crore on 23% revenue growth to ₹5,455 crore. Management unveiled Vision 2031 with downstream integration focus and ₹4,500 crore enabling fund-raise approval.

  • ₹150 Cr beneficiation plant commissioned Jul 29

    New 1.5 MTPA beneficiation plant commissioned in Sambalpur, Odisha at ₹150 crore cost, reducing reliance on external feedstock.

  • July volumes & prices surge Aug 6

    Stainless steel sales volume rose 12.92% YoY in July FY27 and pellet volumes saw significant growth, with average realizations also increasing across segments.

  • Aluminium foil unit begins production Jul 16

    Subsidiary started commercial production at 18,000 TPA aluminium foil facility in Odisha; FRP plant targeted for launch by September 2026.

  • 8.90 MWp solar plant commissioned Jul 28

    Subsidiary commissioned an 8.90 MWp captive solar project at Jamuria, West Bengal on July 28, 2026, adding to renewable energy capacity.

  • ₹2.70 final dividend recommended Jul 31

    Board recommended ₹2.70 per share final dividend for FY26; AGM scheduled for August 25, 2026 with e-voting from August 21.

Neutral 2
  • FY26 BRSR filed with assurance Aug 3

    Submitted FY26 sustainability report highlighting 100% Zero Liquid Discharge adoption and 1.085 MWp solar project, with reasonable assurance by BDO India Services.

  • Q1FY27 earnings call scheduled Jul 15

    Q1FY27 results announced July 20, 2026 with earnings call on July 21 at 16:00 IST.

TL;DR: Shyam Metalics is firing on multiple cylinders — 22% FY26 revenue growth, consistent quarterly profit expansion, and aggressive capacity additions across beneficiation, aluminium foil, and solar. The only notable soft spot is declining sponge iron volumes, though this is offset by strong stainless steel and pellet growth. The trend is clearly improving with Vision 2031 providing a multi-year capex and integration roadmap, supported by the ₹4,500 crore fund-raise enablement.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
3,333
2,941
3,315
3,606
3,612
3,634
3,756
4,139
4,419
4,467
4,421
5,240
5,455
Expenses
2,919
2,634
2,908
3,165
3,124
3,225
3,301
3,624
3,839
3,928
3,934
4,513
4,690
Operating Profit
414
307
407
442
488
409
456
515
580
539
487
727
765
OPM %
12%
10%
12%
12%
14%
11%
12%
12%
13%
12%
11%
14%
14%
Other Income
30
38
40
51
51
72
51
54
54
69
52
29
47
Interest
37
35
40
22
29
30
41
44
40
50
51
51
78
Depreciation
158
177
182
139
136
144
203
229
205
211
218
249
265
PBT
249
133
226
332
374
307
263
297
389
347
270
456
469
Tax %
19%
-261%
44%
34%
26%
30%
25%
26%
25%
25%
27%
32%
25%
Net Profit
202
482
126
220
276
216
197
220
291
260
198
312
351
EPS in Rs
8
18.98
4.99
7.76
9.89
7.72
7.08
7.84
10.47
9.38
7.07
11.43
12.36
Figures in ₹ Crores

Profit & Loss

  Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
3,747
4,606
4,376
6,297
10,394
12,658
13,195
15,159
18,552
19,584
Expenses
3,034
3,656
3,710
4,903
7,793
11,159
11,625
13,293
16,219
17,066
Operating Profit
714
950
666
1,394
2,601
1,499
1,570
1,866
2,333
2,519
OPM %
19%
21%
15%
22%
25%
12%
12%
12%
13%
13%
Other Income
68
73
12
24
59
105
159
231
204
197
Interest
49
64
86
62
23
93
133
144
192
231
Depreciation
215
195
297
300
272
474
656
711
882
942
PBT
517
764
295
1,055
2,364
1,037
940
1,241
1,462
1,543
Tax %
-2%
17%
-15%
20%
27%
19%
-9%
27%
28%
—
Net Profit
528
637
340
844
1,724
843
1,029
909
1,060
1,120
EPS in Rs
90.83
25.86
14.56
36.1
67.61
33.43
37.07
32.53
38.34
40.24
Div. Payout %
0%
0%
0%
14%
7%
5%
12%
14%
12%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
47
234
234
234
255
255
278
278
278
Reserves
1,807
2,256
2,593
3,400
5,580
7,021
9,369
10,275
11,245
Borrowings
568
729
1,114
796
543
1,172
597
789
1,005
Other Liabilities
1,049
834
1,121
990
2,047
3,147
4,150
4,977
7,538
Total Liabilities
3,471
4,052
5,062
5,420
8,425
11,595
14,393
16,320
20,066
Fixed Assets
1,747
1,774
2,012
1,802
2,455
3,311
3,995
6,357
8,134
CWIP
91
358
235
506
768
2,769
3,764
2,708
2,792
Investments
195
274
144
282
1,036
1,474
2,262
2,118
1,582
Other Assets
1,437
1,647
2,670
2,829
4,166
4,041
4,372
5,137
7,558
Total Assets
3,471
4,052
5,062
5,420
8,425
11,595
14,393
16,320
20,066
Figures in ₹ Crores

Cash Flow

  Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
247
457
-91
1,056
1,561
1,518
1,794
1,713
2,024
Investing
-118
-567
-420
-499
-1,800
-1,944
-2,762
-1,654
-1,939
Financing
-162
112
531
-423
167
424
916
-36
-50
Net Cash Flow
-33
2
20
134
-72
-1
-51
24
34
Free Cash Flow
144
-32
-655
695
621
-386
-93
-435
-614
CFO/OP
51
66
-5
89
82
117
126
94
101
Figures in ₹ Crores

Ratios

  Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
36
17
13
31
13
18
20
19
18
Inventory Days
86
96
203
98
119
90
84
100
123
Days Payable
69
41
79
35
69
63
91
97
133
Cash Conversion Cycle
53
72
136
94
63
45
12
22
8
Working Capital Days
30
36
65
45
53
-1
3
1
-11
ROCE %
—
28%
11%
27%
44%
15%
11%
12%
13%

Shareholding Pattern

As of Jun 2026
Promoters 74.59%
DIIs 13.75%
Public 5.56%
Others 3.13%
FIIs 2.97%
Total 100.00%
  Feb 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Jan 2024Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
100.00%
88.35%
88.35%
88.35%
88.35%
88.35%
88.35%
88.35%
88.35%
88.35%
81.62%
81.62%
74.59%
74.59%
74.59%
74.59%
74.59%
74.59%
74.59%
74.59%
74.59%
74.59%
74.59%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
2.35%
2.25%
3.48%
3.84%
3.75%
3.21%
3.65%
3.21%
3.09%
2.97%
DIIs
0.00%
1.62%
2.43%
2.51%
2.75%
2.90%
2.96%
3.22%
3.14%
3.09%
4.34%
3.59%
3.59%
4.54%
5.39%
6.19%
6.74%
7.68%
8.73%
8.64%
8.87%
9.17%
13.75%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
0.00%
5.26%
5.97%
6.77%
6.19%
6.34%
6.31%
6.06%
6.09%
6.04%
7.57%
8.60%
8.06%
9.58%
8.80%
7.76%
7.13%
6.31%
5.65%
5.01%
5.05%
4.76%
5.56%
Others
0.00%
4.76%
3.24%
2.37%
2.71%
2.41%
2.38%
2.37%
2.42%
2.51%
6.47%
6.19%
13.76%
8.93%
8.97%
7.98%
7.70%
7.67%
7.83%
8.11%
8.28%
8.39%
3.13%
No. of Shareholders
15
2,32,087
1,76,314
1,81,622
1,69,129
1,64,622
1,64,333
1,59,043
1,56,267
1,46,165
1,30,019
1,24,167
1,23,152
1,22,770
1,20,726
1,27,474
1,21,181
1,16,740
1,13,869
1,08,523
1,05,184
1,01,423
1,00,443

Documents

Frequently Asked Questions about Shyam Metalics & Energy Ltd

What does Shyam Metalics & Energy Ltd do?
Shyam Metalics is primarily engaged in the manufacturing of steel and allied products including pellets, sponge iron, TMT and long products, ferro alloys and generation of power.[1]
Where is Shyam Metalics & Energy Ltd (SHYAMMETL) listed?
Shyam Metalics & Energy Ltd is listed on the Indian stock exchanges. It is listed on NSE: SHYAMMETL and BSE: 543299. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Shyam Metalics & Energy Ltd belong to?
Shyam Metalics & Energy Ltd operates in the Industrial Products sector within the Iron & Steel Products industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Shyam Metalics & Energy Ltd?
Shyam Metalics & Energy Ltd has a market capitalisation of approximately ₹27438.66 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Shyam Metalics & Energy Ltd?
The Price-to-Earnings (PE) ratio of Shyam Metalics & Energy Ltd is 24.32. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Shyam Metalics & Energy Ltd?
Over the past 52 weeks, Shyam Metalics & Energy Ltd has traded between a low of ₹746 and a high of ₹1,090. This range helps investors understand the stock's price volatility and recent trading levels.
Does Shyam Metalics & Energy Ltd pay dividends?
Yes, Shyam Metalics & Energy Ltd has a dividend yield of 0.18%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Shyam Metalics & Energy Ltd?
Shyam Metalics & Energy Ltd has a Return on Equity (ROE) of 8.58%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Shyam Metalics & Energy Ltd on Tapetide?
On Tapetide, you can view Shyam Metalics & Energy Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Shyam Metalics is primarily engaged in the manufacturing of steel and allied products including pellets, sponge iron, TMT and long products, ferro alloys and generation of power.[1]

Website shyammetalics.com
Listed 2021-06-24
Face Value ₹ 10
Issued Size 27,91,31,853

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