Shyam Metalics and Energy Limited

NSE: SHYAMMETLIron & Steel Products

Share price

₹1,066.80

-0.05% close of 8 Oct 2026

Market cap ₹29,657 CrP/E 26.4

Business score

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

out of 100 · worked out 8 Oct 2026

Your ratios

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

Market cap

₹29,657 Cr

P/E ratio

26.4

P/B ratio

2.6

ROCE

13.0%

ROE

9.7%

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 ₹1,105.8052-week low ₹761.45

Answers

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

How fast it has been growing

Sales grew 22.8% over the past year, and 20.0% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales slipped from 22.8% to 12.7% over the last four years.

Whether it grew faster than its sector

It grew 20.0% a year against a sector median of 10.6% — 9.3 percentage points faster.

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

At 26.4× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 30.3×, across 5 companies. It is against its own five-year median of 18.6×, the 86th percentile of its own range.

Whether growth justifies the valuation

Priced at 2.9 times its growth rate, on earnings growth of 9%.

	Profit growth	Price per ₹1 profit	Per 1% growth
Shyam Metalics and Energy Limited — this one	9%/yr	26.4×	₹2.9
Welspun Corp Limited	119%/yr	30.3×	—
APL Apollo Tubes Limited	23%/yr	46.5×	₹2.0
Ratnamani Metals & Tubes Limited	-1%/yr	39.9×	—
Jindal Saw Limited	14%/yr	26.5×	₹1.9
Usha Martin Limited	9%/yr	28.6×	₹3.2

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 Products), it ranks 35 of 70 on returns, 18 of 68 on growth, 25 of 70 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 13% on capital, ahead of 50% 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

No — Over the last five years it made ₹8610 crore of cash from the business but spent ₹9516 crore on plant and equipment, ₹906 crore more than it made; the gap was from lenders and shareholders. And the profit is real: of every 100 rupees it reported over 9 years, about 130 arrived as cash (before interest, which is why it can exceed the profit). Its cash comes back faster than it used to: it went from being waiting 53 days for its cash to paid 11 days before it paid its own suppliers.

Profit reality check

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

6 of 9 checks clear · 67%

Latest result

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

Results are expected soon.

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: ₹29,657 Cr
Prev close: ₹1,066.80
52w High: ₹1,148
52w Low: ₹746
Enterprise value: ₹30,130 Cr
Beta: 0.9
Price CAGR 1y: 15.0%
Price CAGR 3y: 35.0%
Price CAGR 5y: 24.0%
Price CAGR 10y: —

Ratios

Return on assets: 5.3%
PEG ratio: 2.9
P/E ratio: 26.4
P/B ratio: 2.6
EV / EBITDA: 12.0
Industry P/E: 24.9
ROCE: 13.0%
ROCE 5y average: 19.0%
ROE: 9.7%
Debt / Equity: 0.1
Interest coverage: 8.6
Dividend yield: 0.4%
ROE 3y average: 10.0%
ROE last year: 10.0%

Annual P&L

Annual revenue: ₹18,552 Cr
Annual profit: ₹1,060 Cr
Operating margin: 13.0%
Net profit margin: 5.7%
EBITDA margin: 12.6%
Sales growth 3y: 13.6%
Sales growth 5y: 24.1%
Profit growth 3y: 9.0%
Profit growth 5y: 5.0%
EPS: ₹38.3
Sales growth TTM: 23.0%
Profit growth TTM: 22.0%
Dividend payout: 12.0%

Quarter P&L

Sales latest quarter: ₹5,455 Cr
Profit latest quarter: ₹351 Cr
YoY quarterly sales growth: 23.5%
YoY quarterly profit growth: 20.6%
OPM latest quarter: 14.0%

Balance Sheet

Book Value: ₹414
Face Value: ₹10.0
Total debt: ₹1,005 Cr
Total cash: ₹106 Cr
Borrowings: ₹1,005 Cr
Reserves / Equity: 40.4

Cash Flow

Operating cash flow: ₹2,024 Cr
Free cash flow: -₹614 Cr
FCF yield: -2.7%
Net cash flow: ₹34 Cr

Shareholding

Promoter holding: 74.6%
FII holding: 5.3%
DII holding: 11.2%
Public holding: 8.7%

Peer comparison

Company	Price ₹	P/E	Mkt cap ₹ Cr	Div yield %	Profit qtr ₹ Cr	Profit var %	Sales qtr ₹ Cr	Sales var %	ROCE %
Welspun Corp	2,661.20	30.4	70,200	0.18	1,047.9	198.6	4,081.1	14.9	22.9
APL Apollo Tubes	2,083.20	47.0	57,842	0.40	263.1	10.9	5,606.7	8.4	31.8
Shyam Metalics	1,066.60	26.5	29,772	0.42	350.7	18.1	5,455.1	23.4	13.0
Ratnamani Metals	2,492.65	39.8	17,471	0.40	107.0	-37.7	971.6	-15.6	17.9
Jindal Saw	270.70	26.5	17,311	0.72	90.8	-75.4	4,452.3	9.0	10.4
Usha Martin	504.35	28.3	15,370	0.73	142.0	40.7	1,033.0	16.4	19.5
Godawari Power	206.70	17.0	13,916	0.47	222.4	2.7	1,750.5	32.3	20.5
Median	169.47	22.3	966	0.00	14.3	28.3	213.2	16.6	13.0

Quarterly results

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

Consolidated · to 30 Jun 2026

Line item	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
Material Cost								2,902	3,290	3,290	3,251	3,849	4,214
Change in Inventories								95	-105	-75	-66	-228	-305
Purchases of Stock-in-Trade								0.53	3.45	53	57	33	0.03
Employee Cost								109	123	124	126	134	136
Other Expenses								517	527	526	566	725	645
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
Exceptional items (within Other Income)								0	0.03	0.01	0.04	0	0
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
Profit before tax	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	19	4.99	7.76	9.89	7.72	7.08	7.84	10	9.38	7.07	11	12
Diluted EPS in Rs								7.89	10	9.33	7.07	11	13

Profit & loss

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

Consolidated · to 31 Mar 2026

Line item	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
Material Cost								11,337	13,680
Change in Inventories								-401	-474
Purchases of Stock-in-Trade								5.88	146
Employee Cost								434	507
Other Expenses								1,896	2,360
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
Exceptional items (within Other Income)								0	0
Interest	49	64	86	62	23	93	133	144	192	231
Depreciation	215	195	297	300	272	474	656	711	882	942
Profit before tax	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	91	26	15	36	68	33	37	33	38	40
Diluted EPS in Rs								33	38
Dividend Payout %	0	0	0	14	7	5	12	14	12

Compounded growth

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

Compounded sales growth

10 years: —
5 years: 24%
3 years: 14%
TTM: 23%

Compounded profit growth

10 years: —
5 years: 5%
3 years: 9%
TTM: 22%

Stock price CAGR

10 years: —
5 years: 24%
3 years: 35%
1 year: 15%

Return on equity

10 years: —
5 years: 14%
3 years: 10%
Last year: 10%

Balance sheet

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

Consolidated

Line item	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
Minority Interest								725	834
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 flows

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

Consolidated

Line item	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	247	457	-91	1,056	1,561	1,518	1,794	1,713	2,024
Cash from Investing Activity	-118	-567	-420	-499	-1,800	-1,944	-2,762	-1,654	-1,939
Cash from Financing Activity	-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	-613

Ratios

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

Consolidated

Line item	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

Shareholding pattern

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

Consolidated · to 30 Sep 2026

Line item	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	82	75	75	75	75	75	75	75	75	75	75	75
FIIs	1.98	2.35	2.25	3.48	3.84	3.75	3.21	3.65	3.21	3.09	2.97	5.29
DIIs	3.72	4.45	5.39	6.18	6.74	7.68	8.73	8.64	8.87	9.17	14	11
Public	12	18	17	15	14	14	13	13	13	13	8.42	8.71
Others	0.43	0.39	0.39	0.39	0.39	0.33	0.32	0.32	0.32	0.30	0.27	0.27
No. of Shareholders	1,24,167	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	98,522

Price trend

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

Change over 1 year +12.8% (₹945.70 → ₹1,066.80)Brick size ₹32.04 (fixed)Bricks 17

Price moved up one brickPrice moved down one brickLast close ₹1,066.80 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

exports as % of revenue

21.00

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

473inr_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)

930cr

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)

1,80,74,825inr

2026-03-31

News

News and filings about Shyam Metalics and Energy Limited. Open one to see why it matters.

7 Sept, 18:05 IST · Company event · low impact

Shyam Metalics and Energy Limited — Monthly Business Updates for the month of August 2026

Supply chain

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

Uses as raw material

aluminium inputs / aluminium foil rolling feedstock
chrome ore
coking coal
hot rolled coils
iron ore / iron ore fines
manganese ore
thermal coal

Depends on the price of

Coking Coal
Iron Ore
coal
steel

Sells to

JM Global Resources · ferro alloys / export products
JSW Steel · iron and steel products / ferro alloys
Jindal Stainless Limited · ferro alloys / iron and steel products
Norecom DMCC · ferro alloys / export products
POSCO International Corporation · ferro alloys / export products
Rimjhim Ispat Limited · iron and steel products / ferro alloys
Steel Authority of India · iron and steel products / ferro alloys
The Dhamra Port Company Limited · iron and steel products / unspecified
Traxys North America LLC · ferro alloys / export products
Vijayshri Steel Pvt Ltd · iron and steel products
World Metals & Alloys · ferro alloys / export products

About

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

Sector: Capital Goods
Industry: Iron & Steel Products
Classification: Capital Goods › Iron & Steel Products
ISIN: INE810G01011

Plants

Giridih aluminium foil plant · Giridih, Jharkhand
Jamuria integrated steel plant · Jamuria, West Bengal
Kharagpur Ramsarup plant · Kharagpur, West Bengal
Mangalpur plant · Mangalpur, West Bengal
Pakuria aluminium foil plant · Pakuria, West Bengal
Pithampur stainless steel plant · Pithampur, Madhya Pradesh
Sambalpur integrated steel plant · Sambalpur, Odisha

News impact

Big market events that reach Shyam Metalics and Energy Limited, and how the effect spreads.

1 Oct, 10:48 IST · Market event · high impact

A-One Steels India shares make a decent stock market debut; shares list at 14% premium - Business Today

A-One Steels India listed at a 14% premium, rewarding IPO investors with instant gains while rival steelmakers see no change in orders or prices.

Metals & Mining

Who it hits first

A-One Steels India debuted on Oct 1, listing 14% above its IPO issue price.
IPO investors booked an instant listing-day gain as demand outpaced the offer supply.
Rival steelmakers feel nothing in orders or prices: a listing changes ownership, not steel demand.

Who may gain

IPO allottees, who banked a 14% gain on listing day
A-One Steels promoters, whose holding now carries a listed market value
The company itself, which gains a public currency for future fundraising

Along the supply chain

Downstream

No downstream link: builders and dealers buy steel on price and delivery, not on whether a mill is listed.

Upstream

No upstream link: a listing does not change what the mill buys from iron-ore or coal suppliers.

Where demand moves

Business

No business demand shifts: steel buyers order the same volumes the day a mill lists its shares.

Capital

Fresh equity supply was absorbed at a 14% premium, showing healthy IPO appetite; peer stocks see no spillover flows.

How it spreads across sectors

Metals & Mining

Mildly positive mood: a healthy 14% listing premium supports sentiment for small steel names without changing steel prices.

When it plays out

Immediate

A-One Steels rides listing momentum for 1-7 days while IPO gains settle and flippers exit.

Medium term

Over 1-6 months the stock trades on quarterly output and margins; the listing pop becomes old news.

Short term

Over 1-4 weeks it finds a level as early hype fades and the first results approach.

28 Sept, 17:20 IST · Market event · high impact

Unmoved by stock market crash! Small-cap stock under ₹50 hits 5% upper circuit after this MoU worth ₹300 crore

Rhetan TMT, a small steel-bar maker, won a Rs 300 crore order understanding and its shares hit the upper circuit, helping its own shareholders while rival steel-pipe makers see no real gain or loss.

Metals & Mining

Who it hits first

Rhetan TMT Limited, a small maker of TMT steel bars, announced a memorandum of understanding worth Rs 300 crore.
Its shares rose 4.94% on September 28 to hit the 5% upper circuit, even as the wider market fell.

Who may gain

Rhetan TMT Limited shareholders, who gain from the Rs 300 crore order pipeline
Ashokamet, which supplies inputs to Rhetan TMT and could see follow-on orders if the MoU converts to production

Along the supply chain

Downstream

Downstream, the MoU buyer and end builders using TMT steel bars take delivery; the graph shows no standing Rhetan TMT customers, so this is a new outlet rather than an existing chain.

Upstream

Upstream, Ashokamet supplies inputs to Rhetan TMT, so it could see follow-on orders if the Rs 300 crore MoU converts into production.

Where demand moves

Business

New business demand flows to Rhetan TMT from the Rs 300 crore MoU counterparty for TMT steel bars, while rival pipe and steel makers get no new orders from this company-specific understanding.

Capital

Capital flow chased Rhetan TMT shares to the 5% upper circuit on September 28 despite the market crash, a stock-specific buying rush with no sector-wide inflow.

How it spreads across sectors

Metals & Mining

Small sympathy readthrough only — a Rs 300 crore win for one tiny TMT maker does not change steel demand, so large steel makers see no real impact.

When it plays out

Immediate

In 1–7 days Rhetan TMT stays in focus after the September 28 circuit while peers drift with the market.

Medium term

In 1–6 months the Rs 300 crore MoU either converts into revenue or fades as a sentiment spike.

Short term

In 1–4 weeks attention shifts to MoU details — the buyer, the timeline, and conversion into firm orders.

17 Sept, 16:49 IST · Market event · high impact

Ashish Kacholia, Vikas Khemani to get Venus Pipes shares in preferential issue; stock jumps 9%

Venus Pipes will raise Rs 372 crore from star investors to repay debt, so its shares jumped 9%; it helps Venus and its lenders, while rival pipe makers see no real change.

Capital Goods

Who it hits first

Venus Pipes raises Rs 372 crore by selling about 22.27 lakh new shares at Rs 1,670 each to well-known investors; most of the money repays company loans, which cuts yearly interest cost and leaves the firm financially stronger. The stock jumped 9% to a 52-week high as the market cheered the backing.

Who may gain

Venus Pipes and its shareholders gain from lower debt and the confidence signal of star investors joining; its lending banks also gain as the loans get safer. Rival pipe makers get only a faint sentiment lift, with no change to their orders or profits.

Along the supply chain

Downstream

No impact on pipe buyers in oil, gas, chemicals and construction — Venus's prices, output and delivery schedules are unchanged by who owns its shares.

Upstream

No immediate change for steel suppliers — Venus buys the same inputs the day after as the day before. Over the medium term a debt-lighter Venus is a more reliable buyer of stainless-steel coils and billets.

Where demand moves

Business

No new product demand is created — this is a money-and-debt event, not an order event. Over time a stronger Venus may keep spending on capacity and keep buying stainless steel steadily, which mildly steadies its suppliers.

Capital

Fresh equity from famous investors pulls investor attention into small-cap pipes for a few sessions; no big money rotation across sectors is expected since the issue only reshuffles Venus's own funding.

How it spreads across sectors

Capital Goods

Mild positive sentiment for listed pipe makers as marquee money entering Venus reads as a vote of confidence in the pipes business; no earnings impact beyond Venus itself.

When it plays out

Immediate

Momentum trading continues for 1-7 days as the market digests the Rs 1,670 allotment price and the 9% pop; watch shareholder-approval timelines.

Medium term

Over 1-6 months lower interest cost should lift earnings if operating margins near 16% hold; sustained gains need proof that the freed-up balance sheet funds growth, not just repair.

Short term

Over 1-4 weeks the focus shifts to execution — shareholder vote, actual allotment, and how fast the Rs 372 crore repays debt — while new-share dilution weighs on per-share numbers.

Dividends, splits & big trades

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

Dividends

7 Aug 2026	unspecified	₹2.7
24 Jul 2026	interim	₹1.8
19 Aug 2025	unspecified	₹2.25
28 Jul 2025	interim	₹1.8
7 Feb 2025	interim	₹2.25
30 Aug 2024	unspecified	₹2.7
5 Jun 2023	interim	₹1.8
16 Sep 2022	unspecified	₹2.7

Splits, bonuses & buybacks

daily-prices repair: 8 rows from NSE's archive (replace 2, delete 1, insert 5), 2023-11-12..2026-02-01 (docs/flat_day_repair.md)1× · 12 Nov 2023

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.