1. Shyam Metalics and Energy
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Shyam Metalics and Energy Share Price

SHYAMMETL

₹641.05-₹6.00 (-0.93%) TodayLast updated on 24 May, 2024 | 03:58 PM IST
₹637.05₹651.95
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Company overview

Financial performance

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Market cap

Market Cap Switch₹17,824 Crs

Open

₹645.95

Close

₹647.05

Circuit range

₹776.45 - ₹517.65

Day range

₹637.05 - ₹651.95

Year range

₹292.00 - ₹737.80

Volume

4,51,117

Avg. traded

₹645.28

Revenue (12m)

₹13,195 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

₹737.80

52 week low

₹292.00

P/E ratio

16.17

P/B ratio

1.67

ROE

7.97%

ROCE

8.31%

Dividend yield

0.78%

Debt/Equity ratio

0.1

EPS

11.72

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Investment checklist: (4/6)

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

100%

Hold

0%

Sell

0%

This analysis is based on the reviews of 3 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

8.7%

Net profit margin

4.79%

ROE

7.97%

ROA

5.83%

ROCE

8.31%

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Shyam Metalics and Energy Shareholder returns

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1 day

-0.93%

1 week

+2.64%

1 month

-1.89%

3 months

-3.54%

1 year

+112.87%

3 years

+70.42%

5 years

+70.42%

Revenue statement

All values are in ₹ Crores (Cr)
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Cash flow

All values are in ₹ Crores (Cr)
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Balance sheet

All values are in ₹ Crores (Cr)
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Shyam Metalics and Energy Share Price history

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DayOpenCloseDay’s change
Fri, May 24 2024
₹645.95
₹641.05
-0.93%
Thu, May 23 2024
₹650.50
₹647.05
-0.20%
Wed, May 22 2024
₹635.00
₹648.35
+2.60%
Tue, May 21 2024
₹645.00
₹631.90
-1.92%
Sat, May 18 2024
₹627.95
₹644.25
+3.15%
Fri, May 17 2024
₹594.30
₹624.55
+6.17%
Thu, May 16 2024
₹604.00
₹588.25
-2.62%
Wed, May 15 2024
₹613.00
₹604.10
+0.02%

Shareholding info

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Promoters (74.59%)

Mutual Funds (1.85%)

Retail and other (18.61%)

Foreign institutions-FII (2.35%)

Other domestic institutions (2.6%)

Promoters

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Events

Corporate actions

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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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