1. Shyam Metalics and Energy
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75% Buy

Shyam Metalics and Energy Share Price

SHYAMMETL

₹843.40+₹3.85 (0.46%) TodayLast updated on 05 Nov, 2024 | 10:07 IST

Shyam Metalics and Energy Share Price Chart

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  • About Shyam Metalics and Energy
  • Fundamentals
  • Events
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About Shyam Metalics and Energy

Shyam Metalics and Energy Financials

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Market cap
Market Cap Switch₹23,590 Crs
Open
₹835.05
Close
₹839.55
Circuit range
₹1,007.45 - ₹671.65
Day range
₹835.05 - ₹867.00
Year range
₹438.95 - ₹956.90
Volume
1,90,400
Avg. traded
₹851.89
Revenue (12m)
₹13,474 Crs
Shyam Metalics and Energy

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.

Financial Highlights

Shyam Metalics and Energy Limited's revenue from operations for FY23 stood at ₹12,610 crore, up by 21.3%, as compared to ₹10,394 crore in FY22. The net profit after tax for FY23 was ₹848.41 crore compared to ₹1,724.16 crore during the previous year. In FY23, the earnings before interest, tax, depreciation and amortisation (EBITDA) decreased to ₹1,486 crore from the previous year's ₹2,600 crore. The company's earnings per share (EPS) stood at ₹33.26 in FY23 compared to ₹68.91 in the previous financial year.

Shyam Metalics And Energy Key indicators

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52 week high
₹956.90
52 week low
₹438.95
P/E ratio
20.32
P/B ratio
2.34
ROE
7.43%
ROCE
10.37%
Dividend yield
0.51%
Debt/Equity ratio
0.02
EPS
12.64

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Investment checklist: (4/6)
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Profit factor

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Analyst ratings:

Buy

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Buy

75%

Hold

0%

Sell

25%

This analysis is based on the reviews of 4 experts in the last 7 days

Shyam Metalics and Energy Fundamentals

Shyam Metalics and Energy Financial Ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

10.99%

Net profit margin

5.27%

ROE

7.43%

ROA

5.07%

ROCE

10.37%

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Shyam Metalics and Energy Shareholder returns

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1 day
-0.12%
1 week
+4.38%
1 month
-7.59%
3 months
+15.50%
1 year
+90.81%
3 years
+135.53%
5 years
+123.20%

Shyam Metalics And Energy Share Price history

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DayOpenCloseChange %
Mon, Nov 4 2024
₹839.80
₹839.55
-0.12%
Fri, Nov 1 2024
₹851.75
₹840.60
-0.93%
Thu, Oct 31 2024
₹832.75
₹848.45
+1.28%
Wed, Oct 30 2024
₹835.10
₹837.70
+0.31%
Tue, Oct 29 2024
₹804.95
₹835.10
+3.82%
Mon, Oct 28 2024
₹800.00
₹804.35
+0.87%
Fri, Oct 25 2024
₹821.00
₹797.45
-3.95%
Thu, Oct 24 2024
₹825.00
₹830.25
+0.45%

Shyam Metalics and Energy Shareholding Pattern

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Promoters (74.59%)

Mutual Funds (1.29%)

Retail and other (15.75%)

Foreign institutions-FII (3.48%)

Other domestic institutions (4.89%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹2.7/share

    Ex date 30 Aug 2024

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  • Dividend • ₹1.8/share

    Ex date 05 Jun 2023

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  • Dividend • ₹2.7/share

    Ex date 16 Sep 2022

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  • Dividend • ₹1.8/share

    Ex date 11 Aug 2022

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  • Dividend • ₹2.25/share

    Ex date 18 Feb 2022

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  • Dividend • ₹2.25/share

    Ex date 17 Nov 2021

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FAQs on Shyam Metalics and Energy