Shyam Metalics and Energy Limited is a company that makes and sells long steel products and ferroalloys. Founded in 1991, it is headquartered in Kolkata.
It started a manufacturing site in Odisha and was rebranded from Shyam DRI and Power Limited to Shyam Metalics and Energy Limited. It engages in the entire steel production process, ranging from pellets to the final rolled products.
The market capitalisation of the company is over ₹16,200 crore as of January 9, 2023. SMEL share price has gained over 110% in the last one year.
Business operations
Shyam Metalics and Energy Limited (SMEL) is a key player in the steel industry in West Bengal and Odisha. It is ranked as the fourth-largest contributor in the sponge iron industry across India, according to the CRISIL Report.
Shyam Metalics’ manufacturing revolves around long steel products including iron pellets, sponge iron, steel billets, TMT, structural products and ferroalloys. The company's targeted focus is on high-margin offerings like customised billets and specialised ferroalloys for distinct steel applications.
Its products reach markets in 32 Indian states, including Union Territories, as well as 17 countries worldwide. The company holds a notable presence in the central, northern and western regions of the country apart from eastern India. Its products are distributed through a network comprising 2,060 dealers and distributors as of March 31, 2023.
SMEL's operations span three manufacturing plants: one in Odisha and two in West Bengal. These plants have a collective installed metal capacity of 13 MTPA, covering intermediate and final products. Its manufacturing facilities also house captive power plants with a combined installed capacity of 118 MW.
SMEL's Sambalpur plant in Odisha serves customers in the southern and western parts of India, while its Jamuria and Mangalpur plants, both in West Bengal, cater to the northern and eastern regions.
The core of its operations lies in two integrated steel manufacturing plants in Sambalpur and Jamuria. These facilities include captive railway sidings, power plants, iron pellet, sponge iron, billet, TMT, wire rods, structural mills and ferroalloy units. The company's Mangalpur plant in West Bengal specialises in sponge iron and ferroalloy production and operates a captive power plant.
Under the brand SEL Tiger, the company markets its TMT and structural products. Besides, it undertakes the conversion of hot rolled coils into pipes, chrome ore into ferrochrome and manganese ore into silico manganese for an Indian steel conglomerate. SEML is also in the process of diversifying its product portfolio by venturing into segments such as pig iron, ductile iron pipes and aluminium foil.
Shyam Metalics and Energy Financial Highlights
- Revenue: Shyam Metalics and Energy reported revenue of ₹18,755.82 crore in FY26 vs ₹15,389.26 crore in FY25. It showed an increase of 21.88% on a yearly basis.
- Operating Profit: Shyam Metalics and Energy reported an operating profit of ₹1,462.37 crore in FY26 vs ₹1,241.19 crore in FY25. It showed an increase of 17.82% on a year-on-year basis.
- Net Profit: Shyam Metalics and Energy reported a net profit of ₹1,060.17 crore in FY26 vs ₹909.26 crore in FY25. It showed an increase of 16.60% on a yearly basis.
Shyam Metalics and Energy Quarterly Result Highlights
- Shyam Metalics and Energy reported revenue of ₹5,502.18 crore in Jun 2026, compared with ₹5,269.58 crore in Mar 2026, representing an increase of 4.41% on a quarter-on-quarter (QoQ) basis.
- Shyam Metalics and Energy reported an operating profit of ₹469.23 crore in Jun 2026, compared with ₹456.30 crore in Mar 2026, representing an increase of 2.83% on a quarter-on-quarter (QoQ) basis.
- Shyam Metalics and Energy reported a profit of ₹350.73 crore in Jun 2026, compared with ₹311.54 crore in Mar 2026, reflecting an increase of 12.58% on a QoQ basis.
- The earnings per share (EPS) of Shyam Metalics and Energy stood at ₹38.10 during Jun 2026.
Data Source: BSE, Company announcements
Securities shown are illustrative, not recommendations. Past performance does not guarantee future results.
