Sandur Manganese & Iron Ores Ltd
Sandur Manganese & Iron Ores (SMIORE) is involved in mining of low phosphorous manganese and iron ore in the Hospet-Ballari region of Karnataka. It is the flagship company of the Sandur group which was promoted by the former ruler of the princely state of Sandur. It is the fifth-largest iron ore miner in Karnataka and the largest private miner of manganese ore in India. #
Production Capacities
Company has two mining leases valid up to 2033, with estimated reserves of almost 118.5 million tonne of iron ore and around 14.7 million tonne of manganese with permissible production limit of 1.6 million tonne per annum (TPA) for the former and 0.289 million TPA for the later.
The company has also sought approval to increase the iron ore mining limit from 1.6 mtpa to 3.5 mtpa.
It also manufactures ferro-alloys (silico-manganese) from its 36,000-metric-tonnes-per-annum (MTPA)plant in Vyasankare, Karnataka. #
- Market Cap ₹ 1,128 Cr.
- Current Price ₹ 1,253
- High / Low ₹ 1,320 / 458
- Stock P/E 9.28
- Book Value ₹ 746
- Dividend Yield 0.56 %
- ROCE 37.5 %
- ROE 23.8 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 31.19% CAGR over last 5 years
Cons
- Promoters have pledged 53.10% of their holding.
Peer comparison
Sector: Mining & Mineral products Industry: Mining / Minerals / Metals
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
435 | 294 | 363 | 206 | 219 | 347 | 351 | 269 | 434 | 608 | 702 | 608 | |
206 | 259 | 223 | 188 | 193 | 291 | 308 | 249 | 335 | 434 | 478 | 419 | |
Operating Profit | 229 | 36 | 140 | 18 | 26 | 57 | 42 | 20 | 99 | 174 | 224 | 189 |
OPM % | 53% | 12% | 39% | 9% | 12% | 16% | 12% | 7% | 23% | 29% | 32% | 31% |
Other Income | 5 | 13 | 3 | 9 | 23 | 17 | 4 | 6 | 10 | 13 | 19 | 19 |
Interest | 0 | 2 | 2 | 1 | 2 | 0 | 2 | 0 | 7 | 5 | 6 | 7 |
Depreciation | 10 | 11 | 14 | 19 | 19 | 18 | 10 | 9 | 12 | 12 | 13 | 17 |
Profit before tax | 223 | 36 | 128 | 7 | 27 | 56 | 35 | 16 | 90 | 169 | 224 | 184 |
Tax % | 35% | 38% | 35% | 244% | 14% | 35% | 20% | 57% | 33% | 34% | 34% | |
Net Profit | 146 | 24 | 85 | -8 | 25 | 37 | 25 | 7 | 60 | 110 | 146 | 122 |
EPS in Rs | 166.42 | 27.01 | 97.06 | -8.83 | 28.49 | 42.07 | 29.12 | 8.45 | 68.45 | 126.26 | 167.41 | 138.92 |
Dividend Payout % | 2% | 11% | 5% | 0% | 0% | 7% | 10% | 36% | 4% | 6% | 4% |
Compounded Sales Growth | |
---|---|
10 Years: | 5% |
5 Years: | 15% |
3 Years: | 38% |
TTM: | 15% |
Compounded Profit Growth | |
---|---|
10 Years: | -0% |
5 Years: | 31% |
3 Years: | 328% |
TTM: | 30% |
Stock Price CAGR | |
---|---|
10 Years: | 7% |
5 Years: | 15% |
3 Years: | 3% |
1 Year: | 166% |
Return on Equity | |
---|---|
10 Years: | 14% |
5 Years: | 15% |
3 Years: | 21% |
Last Year: | 24% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | |
---|---|---|---|---|---|---|---|---|---|---|---|
9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | |
Reserves | 177 | 198 | 278 | 270 | 295 | 329 | 351 | 355 | 420 | 522 | 662 |
Borrowings | 19 | 16 | 12 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
184 | 189 | 209 | 191 | 164 | 177 | 174 | 145 | 167 | 156 | 191 | |
Total Liabilities | 388 | 411 | 507 | 470 | 467 | 514 | 533 | 508 | 596 | 687 | 862 |
99 | 111 | 252 | 241 | 229 | 222 | 225 | 224 | 225 | 262 | 260 | |
CWIP | 47 | 115 | 8 | 13 | 28 | 5 | 4 | 3 | 4 | 12 | 202 |
Investments | 50 | 61 | 83 | 18 | 40 | 45 | 58 | 48 | 119 | 175 | 65 |
192 | 124 | 164 | 197 | 170 | 242 | 245 | 234 | 248 | 238 | 335 | |
Total Assets | 388 | 411 | 507 | 470 | 467 | 514 | 533 | 508 | 596 | 687 | 862 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | |
---|---|---|---|---|---|---|---|---|---|---|---|
171 | 33 | 56 | -66 | 32 | 16 | 36 | -7 | 85 | 128 | 169 | |
-135 | -62 | -67 | 60 | -28 | -9 | -24 | 4 | -71 | -106 | -147 | |
18 | -4 | -8 | -5 | -0 | -0 | -3 | -3 | -13 | -13 | -12 | |
Net Cash Flow | 54 | -34 | -20 | -12 | 4 | 8 | 9 | -7 | 1 | 9 | 10 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | |
---|---|---|---|---|---|---|---|---|---|---|---|
ROCE % | 17% | 50% | 2% | 10% | 17% | 11% | -1% | 25% | 36% | 37% | |
Debtor Days | 25 | 31 | 20 | 81 | 31 | 43 | 6 | 10 | 5 | 3 | 11 |
Inventory Turnover | 1.38 | -0.22 | 0.22 | 0.56 | 1.84 | 1.51 | 1.21 | 0.99 | 1.52 | 1.73 |
Documents
Recent announcements
- Shareholding for the Period Ended March 31, 2021 14 Apr
- Clarification On Price Movement 10 Apr
- Compliance Certificate Under Regulation 7(3) Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 For The Half-Year Ended 31.03.2021 9 Apr
- Compliance Certificate Under Regulation 40(9) Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 For The Half Year Ended 31 March 2021 9 Apr
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 9 Apr
View all