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Prices as of 8 Oct 2026 close · Not investment advice

Sarda Energy & Minerals Limited

NSE: SARDAENIron & Steel

Share price

₹491.90

-1.49% close of 8 Oct 2026

Market cap ₹17,217 CrP/E 15.3

Business score

How strong the business is, in one number. The parts behind it are in Pro.

63

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹17,217 Cr

P/E ratio

15.3

P/B ratio

2.4

ROCE

16.9%

ROE

15.1%

Dividend yield

0.4%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹612.7052-week low ₹462.40

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 5.9% over the past year, and 14.8% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales slipped from 33.7% to 31.6% over the last four years.

Whether it grew faster than its sector

It grew 14.8% a year against a sector median of 10.6% — 4.3 percentage points faster.

Room to re-rate, or risk of de-rating

At 15.3× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 18.1×, across 5 companies. It is against its own five-year median of 15.3×, the 50th percentile of its own range.

Whether growth justifies the valuation

Priced at 0.8 times its growth rate, on earnings growth of 20%.

Profit growthPrice per ₹1 profitPer 1% growth
Sarda Energy & Minerals Limited — this one20%/yr15.3×₹0.77
JSW Steel35%/yr23.9×₹0.68
Tata Steel10%/yr18.1×₹1.8
JINDAL STEEL LIMITED1%/yr33.4×₹33.4
Steel Authority of India26%/yr14.2×₹0.55
Jindal Stainless Limited15%/yr17.7×₹1.2

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Iron & Steel), it ranks 3 of 13 on returns, 3 of 11 on growth, 1 of 13 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A narrow advantage: it earns 16.9% on capital, ahead of 77% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹4981 crore of cash from the business, spent ₹1579 crore on plant and equipment, and returned ₹352 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 142 arrived as cash (before interest, which is why it can exceed the profit). Its cash comes back more slowly than it used to: it went from being waiting 53 days for its cash to waiting 68 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

8 of 9 checks clear · 89%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Highest-ever quarterly profit at 478 crore rupees, though the 50 MW solar plant slipped a quarter

Announced 1 Aug 2026 · Consolidated · Unaudited

Revenue

₹1,608 Cr

Revenue vs last year

-1.5%

Revenue vs last quarter

+28.3%

Net profit

₹478 Cr

Profit vs last year

+9.4%

Profit vs last quarter

+208.5%

Net margin

29.7%

EPS

₹13.00

Earnings call transcript · 3 Aug 2026

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹17,217 Cr
Prev close
₹491.90
52w High
₹624
52w Low
₹453
Enterprise value
₹17,469 Cr
Beta
1.0
Price CAGR 1y
-11.0%
Price CAGR 3y
33.0%
Price CAGR 5y
45.0%
Price CAGR 10y
37.0%

Ratios

Return on assets
9.8%
PEG ratio
0.8
P/E ratio
15.3
P/B ratio
2.4
EV / EBITDA
9.6
Industry P/E
16.5
ROCE
16.9%
ROCE 5y average
19.0%
ROE
15.1%
Debt / Equity
0.4
Interest coverage
6.9
Dividend yield
0.4%
ROE 3y average
14.0%
ROE last year
15.0%

Annual P&L

Annual revenue
₹5,690 Cr
Annual profit
₹1,109 Cr
Operating margin
31.0%
Net profit margin
19.5%
EBITDA margin
31.4%
Sales growth 3y
10.5%
Sales growth 5y
20.9%
Profit growth 3y
20.0%
Profit growth 5y
22.0%
EPS
₹31.4
Sales growth TTM
6.0%
Profit growth TTM
20.0%
Dividend payout
6.0%

Quarter P&L

Sales latest quarter
₹1,608 Cr
Profit latest quarter
₹478 Cr
YoY quarterly sales growth
-1.5%
YoY quarterly profit growth
9.4%
OPM latest quarter
40.6%

Balance Sheet

Book Value
₹211
Face Value
₹1.0
Total debt
₹2,632 Cr
Total cash
₹864 Cr
Borrowings
₹2,632 Cr
Reserves / Equity
209.6

Cash Flow

Operating cash flow
₹1,735 Cr
Free cash flow
₹1,400 Cr
FCF yield
6.7%
Net cash flow
₹50 Cr

Shareholding

Promoter holding
73.2%
FII holding
3.5%
DII holding
3.5%
Public holding
19.8%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
JSW Steel1,173.0523.92,86,8640.584,696.0113.047,364.09.811.0
Tata Steel172.3518.12,15,1542.292,385.216.860,794.314.312.5
Jindal Steel1,008.2033.31,02,8450.19843.8-43.515,482.125.99.7
S A I L169.0514.569,8271.351,644.1134.326,245.71.37.9
Jindal Stain.707.0017.758,2860.55768.77.711,278.510.519.3
Sarda Energy492.1015.417,3410.40478.15.51,608.0-1.516.9
NMDC Steel39.60138.711,6050.0050.597.63,661.88.83.1
Median142.5317.711,3670.24174.432.72,672.212.79.7

Competes with: JINDAL STEEL LIMITED, JSW Steel, Jai Balaji Industries Limited, Jindal Stainless Limited, Manaksia Steels Limited, Mukand Limited, NMDC Steel Limited, Prakash Industries Limited, Sandur Manganese & Iron Ores Limited, Scan Steels Limited, Steel Authority of India, Tata Steel, Vedanta Iron and Steel Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,0521,0019258899261,1591,3191,2391,6331,5281,2761,2541,608
Expenses8377597377376668219509681,0161,016965906955
Material Cost690761705720597653
Change in Inventories3.22-1.7426-7.02-29-17
Purchases of Stock-in-Trade382927117934
Employee Cost515151606058
Other Expenses186177207181199227
Operating Profit215242188152261337369271617512311348653
OPM %20242017282928223834242841
Other Income832432427551-0468068955108
Exceptional items (within Other Income)-0.36001000
Interest35353128365064706264645458
Depreciation45464646456278878185868889
Profit before tax218186143121255276226160553431255210615
Tax %20192537242617412427283325
Net Profit17214911488198203200100437328190155478
EPS in Rs4.853.993.322.685.645.555.603.07129.175.404.4813
Diluted EPS in Rs3.07129.175.404.4813

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,7601,4801,4342,1742,3242,0002,1993,9144,2123,8684,6435,6905,665
Expenses1,3831,2891,2171,7721,8421,6441,6792,5593,1523,0703,4063,9033,842
Material Cost2,4952,783
Change in Inventories-27-12
Purchases of Stock-in-Trade104147
Employee Cost176222
Other Expenses657764
Operating Profit3771912174024823565201,3551,0607981,2371,7871,824
OPM %21131518211824352521273132
Other Income-7735966317-171304349181172247276
Exceptional items (within Other Income)-0.3610
Interest1201129497998279147124128220244240
Depreciation93756973767875143178183271341348
Profit before tax87391502943241794951,1088076679181,4491,511
Tax %356815303624232725242627
Net Profit56131272052071283768076045247021,1091,151
EPS in Rs1.530.353.665.625.643.5010221715203132
Diluted EPS in Rs2031
Dividend Payout %20143119914739786

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
14%
5 years
21%
3 years
11%
TTM
6%

Compounded profit growth

10 years
58%
5 years
22%
3 years
20%
TTM
20%

Stock price CAGR

10 years
37%
5 years
45%
3 years
33%
1 year
-11%

Return on equity

10 years
16%
5 years
17%
3 years
14%
Last year
15%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital363636363636363635353535
Reserves1,1741,1871,3221,5401,7071,8342,1822,9683,3753,8536,2517,335
Borrowings1,4821,2211,3631,3861,3951,6941,7141,5811,4071,3662,8612,632
Other Liabilities3523823954515435385877146647479771,369
Minority Interest106106
Total Liabilities3,0442,8273,1153,4133,6824,1024,5185,2985,4816,00210,12511,371
Fixed Assets1,3331,2261,1831,3581,3491,3231,2872,8532,9072,8535,8456,100
CWIP4415947997831,0631,3741,616133132251728472
Investments2792052262412131912665004226597921,645
Other Assets9918039071,0301,0571,2141,3491,8122,0202,2392,7593,154
Total Assets3,0442,8273,1153,4133,6824,1024,5185,2985,4816,00210,12511,371

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-364691773004803361889177017428861,735
Cash from Investing Activity330-148-241-156-399-415-186-466-431-423-2,132-1,166
Cash from Financing Activity-385-38363-86-106199-70-331-479-2231,200-519
Net Cash Flow-91-61-158-24120-68120-20896-4650
Free Cash Flow-50309-6349155-16-1156444854773961,400

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days203127221523231616101718
Inventory Days177841331021071411571071068011599
Days Payable294259394672674624262822
Cash Conversion Cycle1687210185769211377986410596
Working Capital Days71171549996120975367496868
ROCE %126814138152919151517

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters737373737373737373737373
FIIs2.692.812.692.492.292.663.463.834.143.543.503.51
DIIs3.923.853.613.754.274.353.793.812.872.933.323.47
Public212121212020201920202020
No. of Shareholders38,80742,08253,54353,95771,21676,03785,18885,67695,66695,33890,80991,188

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -13.9% (₹571.25 → ₹491.90)Brick size ₹13.05 (fixed)Bricks 52
₹550₹600₹492Nov '25Jan '26Mar '26May '26Jul '26Sep '26
Price moved up one brickPrice moved down one brickLast close ₹491.90 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

253inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

428cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

2,23,15,602inr

2026-03-31

News

News and filings about Sarda Energy & Minerals Limited. Open one to see why it matters.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • coal (partly captive - Gare Palma IV/7)
  • dolomite
  • ferrous scrap
  • iron ore (partly captive)
  • manganese ore
  • nut coke
  • quartz

Depends on the price of

  • Iron Ore
  • coal
  • steel

Sells to

  • Hanwa Co Ltd · silico manganese / ferro alloys (export via trading house)
  • Krakatau Posco · silico manganese / ferro alloys (export)
  • Regional secondary steel re-rollers · sponge iron, billets, wire rods, HB wire, iron ore pellets

Buys from

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Metals & Mining
Industry
Iron & Steel
Classification
Metals & Mining › Iron & Steel
ISIN
INE385C01021

Business segments

  • Power · 44%
  • Steel · 30%
  • Ferro Alloys · 26%

Plants

  • Gare Palma IV/7 captive coal mine
  • Gullu Small Hydro Electric Project · Gullu, Chhattisgarh
  • Rehar-I Small Hydro Project · Rehar, Chhattisgarh
  • Rongni Chu Hydro Electric Project · East Sikkim / near Gangtok-Rangpo, Sikkim
  • SKS Power Generation thermal power plant · Raigarh district, Chhattisgarh
  • Sarda Metals & Alloys ferro alloy complex · Kantakapalli/Vizianagaram near Visakhapatnam, Andhra Pradesh
  • Sarda integrated steel, ferro alloy, pellet, sponge iron & power works, Raipur

News impact

Big market events that reach Sarda Energy & Minerals Limited, and how the effect spreads.

1 Oct, 22:37 IST · Market event · medium impact

Tata Steel receives tribunal approval for subsidiary merger

Tata Steel won tribunal approval to merge its subsidiaries into itself, trimming costs and simplifying the group for its shareholders, with no effect on rival steelmakers.

Metals & Mining

Who it hits first

  • Tata Steel, one of India's biggest steelmakers, won tribunal approval to merge its subsidiaries into itself.
  • The cleanup cuts duplicate costs and paperwork and pools cash across the group, but adds no steel output or customers.
  • Rival steelmakers, steel buyers and raw-material suppliers feel no direct change from this internal reshuffle.

Who may gain

  • Tata Steel (steelmaker): lower overheads and simpler accounts once the merger completes.
  • Tata Steel shareholders: a leaner group structure that can lift earnings per share over time.

Along the supply chain

Downstream

Downstream, car, truck and construction buyers of Tata Steel pay the same prices, as steel supply is unchanged.

Upstream

Upstream, miners and equipment suppliers to Tata Steel see no order change, since the merger adds no furnace or mine.

Where demand moves

Business

No new steel demand is created: the same mills, customers and volumes, just owned more simply, so business demand flow is flat.

Capital

Investors may pay a small premium for a simpler Tata Steel with lower costs, but no fresh money flows to rivals or suppliers.

How it spreads across sectors

Automobile and Auto Components

No link: vehicle makers buying Tata steel see no price or supply change.

Capital Goods

No link: equipment suppliers to steel plants gain no new orders from paperwork.

Metals & Mining

Neutral: an internal Tata cleanup moves no steel price, volume or input cost for peers.

When it plays out

Immediate

In the first week, expect a mild positive drift in Tata Steel shares on the cleared overhang, with peers unmoved.

Medium term

Over one to six months, actual cost savings and cleaner accounts decide whether the market rewards the simpler structure.

Short term

Over the next few weeks, watch for the merger record date and share-swap details that set the final terms.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

14 Aug 2026unspecified₹2
22 Aug 2025unspecified₹1.5
30 Aug 2024unspecified₹1
8 Sep 2023unspecified₹0.75
8 Sep 2023special₹0.75
4 Aug 2023split₹0
5 May 2022interim₹7.5
18 Aug 2021unspecified₹7.5

Splits, bonuses & buybacks

  • daily-prices repair: 9 rows from NSE's archive (replace 1, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.