Ferrous Metals
Valuation | |
|---|---|
| Market Cap | 18.66 kCr |
| Price/Earnings (Trailing) | 17.67 |
| Price/Sales (Trailing) | 3.13 |
| EV/EBITDA | 10.63 |
| Price/Free Cashflow | 48.48 |
| MarketCap/EBT | 13.33 |
| Enterprise Value | 21.26 kCr |
Fundamentals | |
|---|---|
Growth & Returns | |
|---|---|
| Price Change 1W | 8.1% |
| Price Change 1M | 3.6% |
| Price Change 6M | -1% |
| Price Change 1Y | 15.2% |
| 3Y Cumulative Return | 71.5% |
| 5Y Cumulative Return | 69.9% |
| 7Y Cumulative Return | 55.1% |
| 10Y Cumulative Return | 50.5% |
| Revenue (TTM) |
| 5.95 kCr |
| Rev. Growth (Yr) | 3.2% |
| Earnings (TTM) | 1.05 kCr |
| Earnings Growth (Yr) | -5.1% |
Profitability | |
|---|---|
| Operating Margin | 23% |
| EBT Margin | 23% |
| Return on Equity | 14.84% |
| Return on Assets | 9.58% |
| Free Cashflow Yield | 2.06% |
Cash Flow & Liquidity |
|---|
| Cash Flow from Investing (TTM) | -2.13 kCr |
| Cash Flow from Operations (TTM) | 885.71 Cr |
| Cash Flow from Financing (TTM) | 1.2 kCr |
| Cash & Equivalents | 38.73 Cr |
| Free Cash Flow (TTM) | 395.39 Cr |
| Free Cash Flow/Share (TTM) | 11.22 |
Balance Sheet | |
|---|---|
| Total Assets | 11.01 kCr |
| Total Liabilities | 3.9 kCr |
| Shareholder Equity | 7.11 kCr |
| Current Assets | 4.09 kCr |
| Current Liabilities | 1.03 kCr |
| Net PPE | 5.96 kCr |
| Inventory | 684.61 Cr |
| Goodwill | 33 Cr |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.24 |
| Debt/Equity | 0.37 |
| Interest Coverage | 4.36 |
| Interest/Cashflow Ops | 4.52 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 1.5 |
| Dividend Yield | 0.28% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 0.00% |
Size: Market Cap wise it is among the top 20% companies of india.
Growth: Good revenue growth. With 40% growth over past three years, the company is going strong.
Momentum: Stock price has a strong positive momentum. Stock is up 3.6% in last 30 days.
Balance Sheet: Strong Balance Sheet.
Past Returns: Outperforming stock! In past three years, the stock has provided 71.5% return compared to 13.2% by NIFTY 50.
Profitability: Very strong Profitability. One year profit margin are 18%.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Smart Money: Smart money is losing interest in the stock.
Size: Market Cap wise it is among the top 20% companies of india.
Growth: Good revenue growth. With 40% growth over past three years, the company is going strong.
Momentum: Stock price has a strong positive momentum. Stock is up 3.6% in last 30 days.
Balance Sheet: Strong Balance Sheet.
Past Returns: Outperforming stock! In past three years, the stock has provided 71.5% return compared to 13.2% by NIFTY 50.
Profitability: Very strong Profitability. One year profit margin are 18%.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Smart Money: Smart money is losing interest in the stock.
Investor Care | |
|---|---|
| Dividend Yield | 0.28% |
| Dividend/Share (TTM) | 1.5 |
| Shares Dilution (1Y) | 0.00% |
| Earnings/Share (TTM) | 29.97 |
Financial Health | |
|---|---|
| Current Ratio | 3.98 |
| Debt/Equity | 0.37 |
Technical Indicators | |
|---|---|
| RSI (14d) | 67.32 |
| RSI (5d) | 94.12 |
| RSI (21d) | 55.28 |
| MACD Signal | Buy |
| Stochastic Oscillator Signal | Sell |
| SharesGuru Signal | Buy |
| RSI Signal | Hold |
| RSI5 Signal | Sell |
| RSI21 Signal | Hold |
| SMA 5 Signal | Buy |
| SMA 10 Signal |
Summary of Sarda Energy & Minerals's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
The management of Sarda Energy & Minerals Ltd. provided the following outlook and key points:
Outlook:
Major Points:
Risks: Chinese steel surplus, import pressures, and volatile raw material costs.
Understand Sarda Energy & Minerals ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| Chhattisgarh Investments Ltd. | 39.04% |
| Sarda Agriculture & Properties Pvt. Ltd. | 7.33% |
| Prachi Agriculture & Properties Pvt. Ltd. | 4.46% |
| Ghanshyam Sarda | 3.76% |
| Uma Sarda | 3.43% |
| Uma Sarda - Trustee to K K Sarda Family Trust | 2.76% |
| Anant Sarda | 2.23% |
Detailed comparison of Sarda Energy & Minerals against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| JSWSTEEL | JSW Steel | 3.02 LCr | 1.8 LCr | +3.90% | +30.40% | 40.5 | 1.68 | - | - |
| TATASTEEL | TATA STEEL | 2.46 LCr |
Comprehensive comparison against sector averages
SARDAEN metrics compared to Ferrous
| Category | SARDAEN | Ferrous |
|---|---|---|
| PE | 17.55 | 33.29 |
| PS | 3.16 | 1.31 |
| Growth | 33.3 % | 5.1 % |
Sarda Energy & Minerals Limited produces and sells steel products in India. The company product portfolio includes sponge iron, billets and wire rods, ferro alloys, eco-bricks, and HB wires. It is also involved in the coal and iron ore mining, as well as operation of thermal and solar power plants; and offers iron ore pellets. In addition, the company exports its products. Sarda Energy & Minerals Limited was incorporated in 1973 and is headquartered in Raipur, India.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
| Buy |
| SMA 20 Signal | Buy |
| SMA 50 Signal | Buy |
| SMA 100 Signal | Buy |
SARDAEN vs Ferrous (2021 - 2026)
Question 1:
Sir, you mentioned that the prices have started to decline from June. Just wanted to understand what are the current prices with respect to 1Q averages? How much it is down?
Answer:
Prices of steel products (e.g., pellets, billets, wire rods) and ferroalloys corrected by 6"“8% compared to Q1 FY25 averages. Raw material costs (coal, iron ore) had not seen material corrections as of the call, with a lag expected in price adjustments during market downturns.
Question 2:
We spent INR150 crores in 1Q. I wanted to understand the overall FY'25 capex, how much is left for spending?
Answer:
FY25 total capex is INR700 crores, with INR150 crores spent in Q1. Remaining funds will focus on coal mine expansions (Shahpur West awaiting Stage 2 forest clearance), solar power projects (50 MW operational by FY25-end), and hydropower (25 MW Rehar plant commissioning this quarter).
Question 3:
Regarding our Raipur captive power plant, it's been shut down last quarter. When do you expect re-start production? What's the status of the 25 MW hydropower project?
Answer:
Raipur plant resumed operations post-statutory overhaul. The 25 MW Rehar hydropower project is ahead of schedule, with dry tests ongoing; commissioning is expected this quarter (vs. March 2025 target) pending forest department approvals for evacuation infrastructure.
Question 4:
Do you see more margin improvement in coming quarters?
Answer:
Margins face pressure due to recent steel price corrections and delayed raw material cost adjustments. Recovery depends on post-monsoon demand, global steel dynamics (China's export pressures), and government trade policies to curb imports.
Question 5:
What is the timeline for SKS Power acquisition and associated capex?
Answer:
NCLT reserved its order post-rehearing; approval is expected soon. SKS Power (2x300 MW operational plant) requires no immediate capex. Integration plans will follow acquisition, pending legal resolution.
Question 6:
How are ferroalloy margins impacted amid price fluctuations?
Answer:
Ferroalloy prices corrected but margins remain stable due to quality control orders (QCOs) limiting substandard imports. Moil reduced manganese ore prices by 10"“27%, balancing input costs. Export volumes rose to 32,500 MT in Q1 (vs. 27,000 MT last quarter).
Question 7:
What is the outlook for domestic steel demand and imports?
Answer:
Strong infrastructure spending and private capex may boost demand. However, rising imports via FTA routes (e.g., China, South Korea) pose risks. The steel ministry is evaluating safeguards, but policy delays could prolong import pressures.
Question 8:
Why did steel production volumes drop in Q1?
Answer:
Billet production was curtailed to sell surplus power on IEX during high-demand periods (elections, heatwaves). Operations will normalize in Q2, subject to power market opportunities during monsoon.
Question 9:
What drives the decision to sell power over producing steel?
Answer:
Margins from merchant power sales (opportunistic, high-price windows) exceeded steel margins in Q1. Strategy remains flexible based on real-time power pricing and seasonal demand shifts.
Question 10:
How will hydropower/solar projects impact carbon footprint?
Answer:
The 25 MW hydropower plant and 50 MW solar project (FY25 completion) will reduce reliance on thermal power. A 30 MW turbine replacement (BHEL order, 24"“28 months) aims to further cut emissions.
| Manish J Sarda | 2.14% |
| Neeraj Sarda | 1.99% |
| Pankaj Sarda | 1.91% |
| Kamal Kishore Sarda | 1.6% |
| Vipula Sarda | 1.18% |
| Mukul Mahavir Agrawal | 1.14% |
| Abakkus Emergng Opportunities Fund 1 | 1.06% |
| Chhattisgarh Investments Ltd. (Firm - CIL, SAPPL and PAPPL) | 0.41% |
| Aditya Ghanshyam Sarda | 0.32% |
| Raghav Sarda | 0.3% |
| Sonal Sarda | 0.16% |
| Jugal Kishore Sarda (HUF) | 0.06% |
| Shashi Rathi | 0.05% |
Distribution across major stakeholders
Distribution across major institutional holders
| 2.27 LCr |
| +7.20% |
| +48.70% |
| 26.77 |
| 1.09 |
| - |
| - |
| JINDALSTEL | Jindal Steel & Power | 1.21 LCr | 50.32 kCr | +10.70% | +47.00% | 60.93 | 2.41 | - | - |
| SAIL | Steel Authority of India | 66.3 kCr | 1.1 LCr | +6.70% | +48.70% | 23.78 | 0.6 | - | - |
| MAITHANALL | Maithan Alloys | 2.97 kCr | 2.5 kCr | +0.10% | +4.80% | 6.69 | 1.18 | - | - |
| 1,116 |
| 1,165 |
| 1,159 |
| 1,125 |
| 1,093 |
| 938 |
| Profit Before exceptional items and Tax | -43.3% | 245 | 431 | 553 | 161 | 226 | 276 |
| Exceptional items before tax | - | 10 | 0 | 0 | -0.36 | 0 | 0 |
| Total profit before tax | -40.9% | 255 | 431 | 553 | 160 | 226 | 276 |
| Current tax | -27.2% | 9.73 | 13 | 5.4 | -0.36 | 1.03 | -47 |
| Deferred tax | -41.2% | 61 | 103 | 125 | 66 | 37 | 120 |
| Total tax | -39.1% | 71 | 116 | 130 | 66 | 38 | 72 |
| Total profit (loss) for period | -42.2% | 190 | 328 | 437 | 100 | 200 | 203 |
| Other comp. income net of taxes | 109.1% | 1.73 | -7.05 | -0.71 | -3.11 | -0.05 | -5.56 |
| Total Comprehensive Income | -40.3% | 192 | 321 | 436 | 97 | 200 | 198 |
| Earnings Per Share, Basic | -46.1% | 5.4 | 9.17 | 12.33 | 3.07 | 5.6 | 5.55 |
| Earnings Per Share, Diluted | -46.1% | 5.4 | 9.17 | 12.33 | 3.07 | 5.6 | 5.55 |
| 27.6% |
| 135 |
| 106 |
| 95 |
| 82 |
| 68 |
| 68 |
| Finance costs | 464.7% | 97 | 18 | 16 | 22 | 34 | 36 |
| Depreciation and Amortization | 136.5% | 150 | 64 | 66 | 54 | 48 | 51 |
| Other expenses | 38.1% | 443 | 321 | 296 | 216 | 182 | 195 |
| Total Expenses | 20.6% | 2,775 | 2,302 | 2,261 | 1,840 | 1,306 | 1,271 |
| Profit Before exceptional items and Tax | 34.4% | 829 | 617 | 847 | 877 | 396 | 214 |
| Exceptional items before tax | - | 0 | 0 | 0 | 0 | -14.52 | 0 |
| Total profit before tax | 34.4% | 829 | 617 | 847 | 877 | 382 | 214 |
| Current tax | -100.7% | -0.12 | 151 | 216 | 217 | 80 | 51 |
| Deferred tax | 18281.8% | 221 | -0.21 | -8 | 0.05 | 4.85 | -19.74 |
| Total tax | 46.7% | 221 | 151 | 208 | 217 | 85 | 32 |
| Total profit (loss) for period | 30.5% | 608 | 466 | 638 | 660 | 297 | 182 |
| Other comp. income net of taxes | -695.2% | -2.34 | 0.58 | -0.54 | -0.95 | 0.96 | 1.53 |
| Total Comprehensive Income | 30.1% | 606 | 466 | 638 | 659 | 298 | 184 |
| Earnings Per Share, Basic | 33.1% | 17.26 | 13.22 | 18.018 | 18.302 | 8.226 | 5.057 |
| Earnings Per Share, Diluted | 33.1% | 17.26 | 13.22 | 18.018 | 18.302 | 8.226 | 5.057 |
| 83.4% |
| 388 |
| 212 |
| 168 |
| 46 |
| 55 |
| 28 |
| Investment property | 0% | 30 | 30 | 30 | 30 | 30 | 38 |
| Non-current investments | 3.6% | 1,114 | 1,075 | 1,066 | 987 | 905 | 891 |
| Loans, non-current | - | 0 | 0 | 0 | 0 | 223 | 200 |
| Total non-current financial assets | 3.7% | 1,120 | 1,080 | 1,074 | 996 | 1,135 | 1,091 |
| Total non-current assets | -1.2% | 5,238 | 5,300 | 5,005 | 1,696 | 1,813 | 1,772 |
| Total assets | 9% | 8,529 | 7,826 | 7,786 | 3,891 | 3,835 | 3,504 |
| Borrowings, non-current | -0.5% | 1,301 | 1,308 | 1,355 | 35 | 57 | 83 |
| Total non-current financial liabilities | 2.5% | 1,363 | 1,330 | 1,380 | 38 | 60 | 86 |
| Provisions, non-current | 0.8% | 248 | 246 | 37 | 31 | 31 | 31 |
| Total non-current liabilities | 9.3% | 1,758 | 1,609 | 1,424 | 109 | 133 | 156 |
| Borrowings, current | -44.7% | 106 | 191 | 155 | 99 | 52 | 56 |
| Total current financial liabilities | -8.5% | 334 | 365 | 854 | 213 | 277 | 194 |
| Provisions, current | 145.7% | 7.88 | 3.8 | 1.77 | 0.68 | 2.14 | 1 |
| Current tax liabilities | - | 0 | 0 | 13 | 13 | 64 | 3.68 |
| Total current liabilities | -4.3% | 381 | 398 | 904 | 266 | 400 | 245 |
| Total liabilities | 6.5% | 2,138 | 2,007 | 2,328 | 374 | 533 | 402 |
| Equity share capital | 0% | 35 | 35 | 35 | 35 | 35 | 35 |
| Total equity | 9.8% | 6,391 | 5,819 | 5,458 | 3,516 | 3,302 | 3,103 |
| Total equity and liabilities | 9% | 8,529 | 7,826 | 7,786 | 3,891 | 3,835 | 3,504 |
| - |
| 0 |
| 0 |
| 0 |
| -0.53 |
| - |
| - |
| Income taxes paid (refund) | -84% | 24 | 145 | 222 | 213 | - | - |
| Net Cashflows From Operating Activities | -37.3% | 550 | 877 | 380 | 585 | - | - |
| Cashflows used in obtaining control of subsidiaries | 2211.2% | 1,850 | 81 | 55 | 42 | - | - |
| Proceeds from sales of PPE | - | 2.13 | 0 | 2.67 | 1.89 | - | - |
| Purchase of property, plant and equipment | 278.1% | 277 | 74 | 22 | 146 | - | - |
| Proceeds from sales of investment property | -58.7% | 0 | 0.37 | 0 | 0 | - | - |
| Cash receipts from repayment of advances and loans made to other parties | - | 120 | 0 | 0 | 79 | - | - |
| Dividends received | -47.9% | 3.32 | 5.45 | 22 | 0.53 | - | - |
| Interest received | -5.2% | 93 | 98 | 0 | 6.07 | - | - |
| Other inflows (outflows) of cash | 98.4% | 0 | -61.55 | -176.54 | 0 | - | - |
| Net Cashflows From Investing Activities | -153.5% | -1,834.35 | -722.91 | -164.82 | -409.69 | - | - |
| Proceeds from borrowings | 3147.6% | 1,365 | 43 | 0 | 0 | - | - |
| Repayments of borrowings | -102% | 0 | 52 | 32 | 99 | - | - |
| Payments of lease liabilities | - | 1.42 | 0 | 0 | 0 | - | - |
| Dividends paid | -34.6% | 35 | 53 | 27 | 27 | - | - |
| Other inflows (outflows) of cash | -376.2% | -96.1 | -19.39 | -168.67 | -29.12 | - | - |
| Net Cashflows from Financing Activities | 1605.4% | 1,232 | -80.77 | -227.3 | -155.59 | - | - |
| Net change in cash and cash eq. | -173% | -52.3 | 74 | -12.26 | 20 | - | - |
Analysis of Sarda Energy & Minerals's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Dec 31, 2025
| Description | Share | Value |
|---|---|---|
| Power | 38.3% | 559.6 Cr |
| Ferro Alloys | 31.0% | 453.7 Cr |
| Steel | 30.7% | 449 Cr |
| Total | 1.5 kCr |