Shyam Metalics and Energy Ltd
SHYAMMETLShyam Metalics and Energy Ltd
SHYAMMETLPrice Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
GoodThe stock is underpriced and is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
25.42 | 2.06 | 0.59% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
27.34 | 3.11 | 1.49% |
Forecast & Ratings
Detailed Forecast from 5 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Shyam Metalics & Energy is manufacturer of steel billets, Ferro alloys, sponge iron, iron pellets and TMT and structural products and pipes.
Investor Presentation
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Compare with peersJSW Steel Ltd
Tata Steel Ltd
Jindal Steel And Power Ltd
Bharat Forge Ltd
Jindal Stainless Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
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Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 3,827.44 | 4,684.60 | 4,388.20 | 6,321.06 | 10,454.11 | 12,762.71 | 13,354.32 | 14,383.69 | ||||||||
Raw Materials | 2,425.07 | 2,811.39 | 2,781.48 | 3,784.32 | 6,493.41 | 9,212.21 | 9,624.87 | 12,423.74 | ||||||||
Power & Fuel Cost | 96.74 | 147.25 | 247.14 | 252.17 | 288.91 | 697.54 | 574.50 | |||||||||
Employee Cost | 106.45 | 145.03 | 168.36 | 188.14 | 246.56 | 315.45 | 368.52 | |||||||||
Selling & Administrative Expenses | 129.90 | 142.33 | 166.99 | 223.09 | 327.80 | 320.04 | 305.86 | |||||||||
Operating & Other expenses | 287.98 | 415.69 | 346.29 | 455.58 | 437.54 | 613.42 | 751.45 | |||||||||
EBITDA | 781.30 | 1,022.91 | 677.94 | 1,417.76 | 2,659.89 | 1,604.05 | 1,729.12 | 1,959.95 | ||||||||
Depreciation/Amortization | 215.05 | 194.58 | 296.68 | 300.36 | 272.40 | 473.97 | 656.04 | 601.28 | ||||||||
PBIT | 566.25 | 828.33 | 381.26 | 1,117.40 | 2,387.49 | 1,130.08 | 1,073.08 | 1,358.67 | ||||||||
Interest & Other Items | 48.86 | 64.43 | 85.89 | 62.46 | 23.16 | 93.18 | 133.28 | 118.25 | ||||||||
PBT | 517.39 | 763.90 | 295.37 | 1,054.94 | 2,364.33 | 1,036.90 | 939.80 | 1,240.42 | ||||||||
Taxes & Other Items | 93.02 | 159.78 | -44.87 | 211.60 | 639.79 | 184.22 | -94.99 | 402.94 | ||||||||
Net Income | 424.37 | 604.12 | 340.24 | 843.34 | 1,724.54 | 852.68 | 1,034.79 | 837.48 | ||||||||
EPS | 18.17 | 25.86 | 14.56 | 36.10 | 70.58 | 33.43 | 38.82 | 30.12 | ||||||||
DPS | 0.00 | 0.00 | 0.00 | 4.95 | 4.95 | 1.80 | 4.50 | 2.70 | ||||||||
Payout ratio | 0.00 | 0.00 | 0.00 | 0.14 | 0.07 | 0.05 | 0.12 | 0.09 |
Company Updates
Peers & Comparison
MaterialsIron & Steel
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Shyam Metalics and Energy Ltd | 20.57 | 2.06 | 0.59% |
JSW Steel Ltd | 24.47 | 2.70 | 1.03% |
Tata Steel Ltd | -34.58 | 1.66 | 2.93% |
Jindal Steel And Power Ltd | 14.94 | 1.98 | 0.23% |
Price Comparison
Compare SHYAMMETL with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Increased Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has increased by 1.23%
Shareholding Pattern
Jan 2024
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Shyam Metalics and Energy Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
Invesco India Contra Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.8068% | Percentage of the fund’s portfolio invested in the stock 0.95% | Change in the portfolio weight of the stock over the last 3 months -0.24% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 43/73 (-9) |
Aditya Birla Sun Life Manufacturing Equity Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.0904% | Percentage of the fund’s portfolio invested in the stock 1.62% | Change in the portfolio weight of the stock over the last 3 months -1.07% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 14/76 (-5) |
SBI FUNDS MANAGEMENT PVT LTD#SBI MF-SBI MAGNUM COMMA FUND DIRECT PL GROWTH Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.0782% | Percentage of the fund’s portfolio invested in the stock 2.60% | Change in the portfolio weight of the stock over the last 3 months -0.71% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 18/31 (-4) |
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Events
Dividend Trend
No dividend trend available
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateAug 30, 2024
Dividend/Share
₹2.70
Ex DateEx Date
Aug 30, 2024
Cash Dividend
Ex DateEx DateJun 5, 2023
Dividend/Share
₹1.80
Ex DateEx Date
Jun 5, 2023
Cash Dividend
Ex DateEx DateSep 16, 2022
Dividend/Share
₹2.70
Ex DateEx Date
Sep 16, 2022
Cash Dividend
Ex DateEx DateAug 11, 2022
Dividend/Share
₹1.80
Ex DateEx Date
Aug 11, 2022
Cash Dividend
Ex DateEx DateFeb 18, 2022
Dividend/Share
₹2.25
Ex DateEx Date
Feb 18, 2022
However, the average realisation of stainless steel deceresed 6% YoY to Rs 1,22,681 per MT in December 2024. The production of aluminium foil jumped 32% YoY to 1,910 MT with the average realisations increased by 11% YoY to Rs 3,56,235 /MT in December 2024. Speciality alloys production stood at 14,502 MT in December 2024, marking a 7% (YoY) increase. However, the average realisation decreased 6% YoY to Rs 89,628 /MT. Carbon Steel production rose 11% YoY to 1,58,333 MT and average realisation slipped 5% to Rs 42,988 /MT in December 2024. The sponge iron production fell 31% to 74,305 MT in December 2024 from 1,07,198 MT in December 2023 and average realisation shed 6% YoY to Rs 24,410 /MT in December 2024. Pellet production increased by 42% (YoY) to 87,114 MT in December 2024, while the average realisation saw a 5% YoY decline to Rs 8,687 /MT. Pig iron production zoomed by 772% to 24,594 MT in December 2024 in terms of sales volumes. However, the average realisation decreased by 5% month-on-month (MoM), reaching to Rs 33,595 /MT. CR Coil/CR Sheets production surged by 69% to 1,932 MT in December 2024 in terms of sales volume. Additionally, the average realisation rose by 14% to Rs 68,057 /MT. Shyam Metalics and Energy is a leading integrated metal producing company based in India with a focus on long steel products and ferro alloys. The company is amongst the largest producers of ferro alloys, one of the leading players in terms of pellet capacity and the fourth largest player in the sponge iron industry in terms of sponge iron capacity in India. The company's consolidated net profit dropped 55.3% to Rs 215.68 crore in Q2 FY25 as against Rs 481.97 crore posted in Q2 FY24. However, revenue from operations jumped 23.6% YoY to Rs 3,634.02 crore in the quarter ended 30 September 2024. Powered by Capital Market - Live
Asahi India Glass Ltd, Saregama India Ltd, Avenue Supermarts Ltd, Sapphire Foods India Ltd are among the other stocks to see a surge in volumes on NSE today, 03 January 2025.Shyam Metalics & Energy Ltd recorded volume of 40.52 lakh shares by 14:14 IST on NSE, a 14.81 times surge over two-week average daily volume of 2.74 lakh shares. The stock gained 4.03% to Rs.772.45. Volumes stood at 5.07 lakh shares in the last session.Asahi India Glass Ltd registered volume of 9.03 lakh shares by 14:14 IST on NSE, a 14.35 fold spurt over two-week average daily volume of 62922 shares. The stock slipped 2.34% to Rs.735.05. Volumes stood at 31914 shares in the last session.Saregama India Ltd saw volume of 58.35 lakh shares by 14:14 IST on NSE, a 13.5 fold spurt over two-week average daily volume of 4.32 lakh shares. The stock increased 13.88% to Rs.544.65. Volumes stood at 3.19 lakh shares in the last session.Avenue Supermarts Ltd recorded volume of 83.25 lakh shares by 14:14 IST on NSE, a 11.06 times surge over two-week average daily volume of 7.52 lakh shares. The stock gained 12.21% to Rs.4,051.90. Volumes stood at 5.66 lakh shares in the last session.Sapphire Foods India Ltd clocked volume of 38.03 lakh shares by 14:14 IST on NSE, a 8.81 times surge over two-week average daily volume of 4.32 lakh shares. The stock gained 1.22% to Rs.345.65. Volumes stood at 2.84 lakh shares in the last session.Powered by Capital Market - Live
Shyam Metalics & Energy has received revision in credit ratings from CRISIL as under: Long term bank facilities - CRISIL AA/ Positive (upgraded) Short term bank facilities - CRISIL A1+ (reaffirmed) Rs 50 crore commercial paper - CRISIL A1+ (reaffirmed) Powered by Capital Market - Live
Net profit of Shyam Metalics & Energy declined 55.48% to Rs 215.50 crore in the quarter ended September 2024 as against Rs 484.09 crore during the previous quarter ended September 2023. Sales rose 23.58% to Rs 3634.02 crore in the quarter ended September 2024 as against Rs 2940.70 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales3634.022940.70 24 OPM %11.1910.44 - PBDT450.77309.94 45 PBT306.80133.40 130 NP215.50484.09 -55 Powered by Capital Market - Live
Shyam Metalics & Energy has officially commissioned a new blast furnace and launched a sinter plant at its Jamuria facility. With an investment of Rs. 600 crore, this significant new development aims to expand production capabilities to meet the growing demand for high-quality steel products across various industries. The newly commissioned blast furnace has a capacity of 0.77 million tonnes per annum (MTPA), substantially increasing the plant's production capability. This blast furnace, with a volume of 550 cubic meters, is equipped with three top-fired stoves, modern coal dust injection technology, and a dry gas cleaning plant to optimize the steelmaking process. This enhancement is anticipated to boost steel production by 0.77 MTPA and improve margins by approximately Rs. 700/MTPA.Powered by Capital Market - Live
The company invested Rs 600 crore in this expansion project, which is aimed at boosting its production capacity and meeting the rising demand for high-quality steel products. The new blast furnace, with a capacity of 0.77 million tonnes per annum (MTPA), is equipped with advanced technology to optimize steel production. This enhancement is anticipated to improve margins by approximately Rs 700/MTPA. The company has also launched a sinter plant with a capacity of 1.11 MTPA to process iron ore fines. This will enhance operational efficiency and reduce production costs. Brij Bhushan Agarwal, vice chairman & managing director of Shyam Metalics and Energy, stated, At Shyam Metalics, we have always strived for effective and continuous growth plans. The new blast furnace and sinter facility will improve India's steel production capability. This development demonstrates our commitment to encouraging industrial growth and creating employment opportunities in the region. Shyam Metalics is a leading Indian steel company focused on long steel products and ferro alloys. It's one of India's largest producers of ferro alloys and a major player in the sponge iron industry. On a consolidated basis, net profit of Shyam Metalics & Energy rose 36.29% to Rs 278.14 crore on 8.36% rise in net sales to Rs 3611.61 crore in Q1 June 2024 over Q1 June 2023. Powered by Capital Market - Live
Shyam Metalics & Energy will hold a meeting of the Board of Directors of the Company on 7 November 2024Powered by Capital Market - Live
Shyam Metalics & Energy announced the sudden demise of Yudhvir Singh Jain (DIN: 06507365), Independent Director of the Company on 24 October 2024. Powered by Capital Market - Live
Shyam Metalics and Energy announced the commencement of operations at its advanced Coke Oven Plant in Jamuria, West Bengal. The new facility began production, reflecting a significant step forward in the company's expansion and sustainability goals. Backward integration will enhance the company's bottom line by reducing costs and increasing control over the supply chain. The coke oven plant which was heated for commissioning has begun receiving raw materials. It is comprised of two batteries, each containing 35 ovens. The factory will largely employ coal imported from Australia, Indonesia, and Russia to create high-quality coke. This coke will be used in Shyam Metalics' blast furnace, sinter plant, and ferroalloys facility, increasing production efficiency and quality across all facilities. The new plant's eco-friendly features are one of its major highlights. The plant complies with strict environmental regulations and is friendly to the environment with its non-recovery type coke oven design, which ensures zero emissions. Furthermore, the waste heat recovery boiler (WHRB) facility will catch and use the flue gas released during the coke production process to generate electricity, increasing the plant's efficiency and reducing its impact on the environment.Powered by Capital Market - Live
Shyam Metalics & Energy announced the expansion of its production capabilities with the establishment of a state-of-the-art Greenfield Cold Rolling Mill (CRM) in Jamuria, West Bengal. This strategic investment highlights Shyam Metalics' commitment to enhancing its product portfolio and extending its reach in both domestic and international markets. The facility commenced trial run under Shyam Metalics Flat Product, a wholly owned stepdown subsidiary of SMEL. It is in line with government industrial policies and supports the company's strategic strategy. With a total capacity of 400,000 tons annually, the new Cold Rolling Mill is a cutting-edge establishment. The project has a total capital cost of Rs 603 crore, with Rs 346 crore invested and Rs 257 crore pending. The mill will specialize in producing pre-painted galvalume coils (PPGL) and coils of galvanized iron/galvanized steel (GI/GL). With this expansion, Shyam Metalics will be able to produce steel products of the highest caliber and further strengthen its integrated steel manufacturing capabilities. Powered by Capital Market - Live
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 23.31%, vs industry avg of 9.86%
Increasing Market Share
Over the last 5 years, market share increased from 0.88% to 1.7%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 11.36%, vs industry avg of 4.95%