Sandur Manganese & Iron Ores Ltd

₹ 209 -1.88%

07 Aug 12:28 p.m.

sandurgroup.com BSE: 504918 NSE: SANDUMA

About

The Sandur Manganese & Iron Ores Limited (SMIORE), the flagship company of the Karnataka based Sandur Group, incorporated in 1954. Company is involved in mining of low phosphorous manganese and iron ore in the Hosapete Ballari region of Karnataka. In addition, Company manufactures ferro-alloys (silico-Manganese and ferro manganese) and coke at its plant in Vyasankare, near Hospet.^[1] It is the 3rd Largest Manganese ore miner in India.^[2]

Key Points

Business Segments^[1]

Website BSE NSE

Market Cap ₹ 10,162 Cr.
Current Price ₹ 209
High / Low ₹ 273 / 141
Stock P/E 13.7
Book Value ₹ 66.9
Dividend Yield 0.23 %
ROCE 24.2 %
ROE 23.0 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Company is expected to give good quarter
Company's median sales growth is 40.2% of last 10 years

Cons

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Commodities Metals & Mining Ferrous Metals Iron & Steel

Part of BSE Commodities BSE 1000 Nifty Smallcap 500 Nifty Microcap 250 Nifty Total Market

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	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
	363	185	153	552	602	260	952	1,321	1,135	1,232	1,209	1,511	1,375
	305	147	136	344	411	223	712	1,005	836	960	959	1,125	1,031
Operating Profit	58	37	17	208	191	38	240	316	299	273	251	387	343
OPM %	16%	20%	11%	38%	32%	14%	25%	24%	26%	22%	21%	26%	25%
	19	18	15	31	23	25	20	9	15	12	-4	20	15
Interest	6	5	5	4	4	5	41	67	54	57	46	55	26
Depreciation	14	14	15	15	14	14	38	54	51	53	54	54	51
Profit before tax	57	36	13	219	196	43	180	204	209	175	147	297	281
Tax %	29%	26%	25%	26%	25%	26%	23%	23%	20%	21%	21%	20%	19%
	40	27	9	164	144	32	137	156	167	139	116	236	228
EPS in Rs	0.82	0.56	0.19	3.37	2.97	0.66	2.83	3.21	3.43	2.85	2.38	4.85	4.67
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	219	347	351	269	434	608	702	2,249	2,126	1,252	3,135	5,088	5,328
	193	291	308	266	335	434	477	1,275	1,733	932	2,353	3,880	4,074
Operating Profit	26	57	42	3	99	174	225	974	392	320	782	1,208	1,253
OPM %	12%	16%	12%	1.0%	23%	29%	32%	43%	18%	26%	25%	24%	24%
	23	17	4	23	10	13	18	35	59	83	80	44	42
Interest	2	0	2	0	7	5	6	38	28	20	117	212	185
Depreciation	19	18	10	9	12	12	13	56	64	58	121	212	212
Profit before tax	27	56	35	16	90	169	224	915	360	325	624	827	899
Tax %	14%	35%	20%	57%	33%	34%	34%	26%	25%	27%	24%	20%
	23	36	25	7	61	111	147	675	271	239	471	658	719
EPS in Rs	0.53	0.78	0.54	0.16	1.27	2.33	3.09	13.89	5.57	4.93	9.67	13.51	14.75
Dividend Payout %	0%	7%	10%	36%	4%	6%	4%	1%	5%	7%	4%	4%

Compounded Sales Growth
10 Years:	34%
5 Years:	%
3 Years:	34%
TTM:	45%

Compounded Profit Growth
10 Years:	80%
5 Years:	%
3 Years:	37%
TTM:	51%

Stock Price CAGR
10 Years:	36%
5 Years:	45%
3 Years:	48%
1 Year:	32%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	18%
Last Year:	23%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	9	9	9	9	9	9	9	27	162	162	486
Reserves	295	329	351	355	420	522	662	1,907	1,996	2,451	2,768
	0	0	0	0	0	0	0	206	133	1,890	999
	164	177	174	145	167	156	191	392	302	1,146	1,270
Total Liabilities	467	514	533	508	596	687	862	2,532	2,593	5,648	5,523
	229	222	225	224	225	262	260	878	886	3,111	3,300
CWIP	28	5	4	3	4	12	202	67	116	373	142
Investments	40	45	58	48	119	175	65	469	484	227	281
	170	242	245	234	248	238	335	1,118	1,106	1,937	1,800
Total Assets	467	514	533	508	596	687	862	2,532	2,593	5,648	5,523

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	32	16	36	-7	85	128	169	873	142	153	841	1,143
	-28	-9	-24	4	-71	-106	-147	-793	-11	-66	-1,554	20
	-0	-0	-3	-3	-13	-13	-12	-106	-129	-107	704	-1,123
Net Cash Flow	4	8	9	-7	1	9	10	-26	2	-20	-9	39
Free Cash Flow	26	10	20	-14	70	101	-71	795	-44	50	753	988
CFO/OP	181%	84%	143%	30%	109%	108%	110%	112%	58%	78%	124%	106%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	31	43	6	10	5	3	11	25	10	44	31
Inventory Days	574			256	440	238	180	92	794	312	149
Days Payable	346			107	146	128	207	79	275	245	146
Cash Conversion Cycle	259	43	6	159	299	113	-16	37	529	111	35
Working Capital Days	-70	-8	-22	-1	-10	-3	-16	14	189	7	-2
ROCE %	9%	16%	10%	-1%	23%	34%	36%		15%	21%	24%

Insights

In beta

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Ferroalloys Production Volume
Tonnes ・Standalone data

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x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx

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Ferroalloys Sales Volume
Tonnes ・Standalone data

Iron Ore MPAP Capacity
MTPA ・Standalone data

Iron Ore Production Volume
Million Tonnes ・Standalone data

Iron Ore Sales Volume
Million Tonnes ・Standalone data

Manganese Ore MPAP Capacity
MTPA ・Standalone data

Manganese Ore Production Volume
Million Tonnes ・Standalone data

Manganese Ore Sales Volume
Million Tonnes ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

2 Recently

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.26%	74.22%	74.22%	74.22%	74.22%	74.22%	74.22%	74.22%	74.22%	74.22%	74.22%	74.22%
	0.33%	0.43%	0.70%	0.77%	0.99%	1.06%	1.12%	1.00%	1.01%	1.20%	1.63%	1.73%
	0.64%	1.26%	1.42%	1.45%	1.46%	1.49%	1.43%	0.59%	0.70%	0.67%	0.66%	0.58%
	24.78%	24.07%	23.67%	23.56%	23.34%	23.23%	23.24%	24.18%	24.08%	23.93%	23.47%	23.47%
No. of Shareholders	24,757	34,621	57,023	52,803	54,523	55,636	55,408	55,747	62,156	81,705	85,207	87,803

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	72.43%	72.43%	72.45%	73.24%	73.22%	73.18%	74.37%	74.22%	74.22%	74.22%	74.22%
	0.00%	1.25%	1.53%	0.36%	0.00%	0.36%	0.32%	0.70%	1.12%	1.63%	1.73%
	0.85%	1.53%	1.52%	1.58%	0.81%	0.81%	0.79%	1.42%	1.43%	0.66%	0.58%
	26.73%	24.79%	24.50%	24.82%	25.97%	25.65%	24.52%	23.67%	23.24%	23.47%	23.47%
No. of Shareholders	7,915	9,150	9,513	9,958	9,620	12,716	27,458	57,023	55,408	85,207	87,803

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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