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. [1]
- Market Cap ₹ 3,210 Cr.
- Current Price ₹ 3,566
- High / Low ₹ 5,075 / 1,405
- Stock P/E 26.4
- Book Value ₹ 746
- Dividend Yield 0.28 %
- ROCE 37.5 %
- ROE 23.8 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 31.52% CAGR over last 5 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
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 | 191 | 193 | 291 | 308 | 266 | 335 | 434 | 477 | 419 | |
Operating Profit | 229 | 35 | 140 | 15 | 26 | 57 | 42 | 3 | 99 | 174 | 225 | 189 |
OPM % | 53% | 12% | 39% | 7% | 12% | 16% | 12% | 1% | 23% | 29% | 32% | 31% |
5 | 14 | 4 | 12 | 23 | 17 | 4 | 23 | 10 | 13 | 18 | 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: | 32% |
3 Years: | 328% |
TTM: | 30% |
Stock Price CAGR | |
---|---|
10 Years: | 23% |
5 Years: | 42% |
3 Years: | 58% |
1 Year: | 131% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 25 | 31 | 20 | 81 | 31 | 43 | 6 | 10 | 5 | 3 | 11 |
Inventory Days | 125 | 1,836 | 574 | 256 | 440 | 238 | 180 | ||||
Days Payable | 769 | 665 | 346 | 107 | 146 | 128 | 207 | ||||
Cash Conversion Cycle | 25 | -612 | 20 | 1,252 | 259 | 43 | 6 | 159 | 299 | 113 | -16 |
Working Capital Days | -36 | -111 | -72 | -31 | -70 | -8 | -22 | -1 | -10 | -3 | -16 |
ROCE % | 17% | 50% | 2% | 10% | 17% | 11% | -1% | 25% | 36% | 37% |
Documents
Announcements
- Corporate Action-Board to consider Dividend 11 May
- Board Meeting Intimation for Considering And Approving The Audited Financial Results For The Quarter And Year Ended 31 March 2022 And Recommendation Of Final Dividend For The Financial Year 2021-22 11 May
- Update On Right Issue 10 May
- Corporate Action-Intimation of Right issue 10 Apr
- Board Meeting Outcome for Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Outcome Of Board Meeting 10 Apr
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 0.55 MnTPA for the later.
The company has also sought approval to increase the iron ore mining limit from 1.6 MnTPA to 3.85 MnTPA since Jan, 2019.[1]
It also manufactures ferro-alloys (silico-manganese) from its 36,000-metric-tonnes-per-annum (MTPA)plant in Vyasankare, Karnataka. [2]