Shyam Metalics & Energy Ltd
SHYAMMETL NSE
Shyam Metalics & Energy Ltd
IndustrialsNSE: SHYAMMETL BSE: 543299 Industrial Products
Key Fundamentals
SmallcapIron & Steel ProductsIndustrial ProductsMarket Cap
₹27,821 Cr
Volatility
Moderate
P/E Ratio
24.62
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
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Shyam Metalics & Energy Ltd insights
56 extracted metrics + investor summaries across FY18–FY26.
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 claude-opus-4.6 5d agoAI 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 claude-opus-4.6 20h ago Positives 6
- FY26 revenue up 22% YoY Aug 3
Consolidated revenue rose 22% to ₹18,552 crore with operating EBITDA up 25% YoY to ₹2,333.14 crore and PAT of ₹1,060.17 crore.
- Q1FY27 profit jumps 21% Jul 24
Net profit rose 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 live Jul 29
Commissioned a 1.5 MTPA beneficiation plant in Sambalpur, Odisha for ₹150 crore, reducing reliance on external feedstock by upgrading low-grade ore.
- July volumes rise, prices surge Aug 6
Stainless steel sales volume grew 12.92% YoY in July FY27 alongside significant pellet volume growth and higher average realizations across segments.
- 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, boosting renewable energy capacity.
- ₹2.70 final dividend recommended Jul 31
Board recommended ₹2.70 per share final dividend for FY26; 24th AGM scheduled for Aug 25, 2026 with e-voting from Aug 21.
Neutral 1
- FY26 BRSR filed with assurance Aug 3
Submitted Business Responsibility and Sustainability Report for FY26 with BDO India reasonable assurance, highlighting 100% Zero Liquid Discharge and 1.085 MWp solar project.
TL;DR: Shyam Metalics is firing on all cylinders with 22% revenue growth in FY26, strong Q1FY27 momentum, and active capacity commissioning across beneficiation and solar. There are no visible headwinds in recent news, though sponge iron volume decline in July bears watching. The trend is clearly improving with Vision 2031 providing a credible long-term growth roadmap backed by a ₹4,500 crore fund-raise enabler.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 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 |
Profit & Loss
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| 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% | — |
Balance Sheet
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 |
Cash Flow
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 |
Ratios
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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% |
Documents
1
Corporate Action-Board approves Dividend
14h - On May 11, 2026, board approved FY26 audited results, ₹2.70 dividend, and ₹2,700 crore expansion projects. 14h - On May 11, 2026, board approved FY26 audited results, ₹2.70 dividend, and ₹2,700 crore expansion projects.
2
Audited Financial Results (Standalone And Consolidated) For The Fourth Quarter And Financial Year Ended 31.03.2026
14h - Board approved FY26 audited results, ₹2.70 dividend, and ₹2,700 crore expansion projects. 14h - Board approved FY26 audited results, ₹2.70 dividend, and ₹2,700 crore expansion projects.
3
Appointment Of M/S. Erst & Young LLP, As The Internal Auditors, Appointment Of M/S. BSS & Associates, Cost Accountants And Fresh Capex Announcement Amounting To Rs. 2700 Crores
13h - Board approved FY26 audited results, ₹2.70 dividend, ₹2,700 crore capex, and noted ED attachment of ₹152.48 crore. 13h - Board approved FY26 audited results, ₹2.70 dividend, ₹2,700 crore capex, and noted ED attachment of ₹152.48 crore.
4
Announcement under Regulation 30 (LODR)-Dividend Updates
13h - FY26 audited results approved; ₹2.70 dividend; ₹2,700 crore capex; ED provisional attachment of ₹152.48 crore noted. 13h - FY26 audited results approved; ₹2.70 dividend; ₹2,700 crore capex; ED provisional attachment of ₹152.48 crore noted.
5
Announcement under Regulation 30 (LODR)-Press Release / Media Release
9h - Q4/FY26 results: revenue Rs. 5,240 Cr, PAT Rs. 312 Cr; board approved Rs. 2,700 Cr capex. 9h - Q4/FY26 results: revenue Rs. 5,240 Cr, PAT Rs. 312 Cr; board approved Rs. 2,700 Cr capex.
1
Clarification / Corrigendum Regarding Typographical Error In The Notice Of Annual General Meeting 7 Aug 2026
General_Announcements
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 Industrials sector within the Industrial 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 ₹27821.07 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 24.62. 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]