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 ₹ 2,536 Cr.
- Current Price ₹ 939
- High / Low ₹ 1,703 / 655
- Stock P/E 3.76
- Book Value ₹ 636
- Dividend Yield 0.53 %
- ROCE %
- ROE %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 62.3% CAGR over last 5 years
- Company's median sales growth is 15.5% 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
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 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
435 | 294 | 363 | 206 | 219 | 347 | 351 | 269 | 434 | 608 | 702 | 2,249 | |
206 | 259 | 223 | 191 | 193 | 291 | 308 | 266 | 335 | 434 | 477 | 1,275 | |
Operating Profit | 229 | 35 | 140 | 15 | 26 | 57 | 42 | 3 | 99 | 174 | 225 | 974 |
OPM % | 53% | 12% | 39% | 7% | 12% | 16% | 12% | 1% | 23% | 29% | 32% | 43% |
5 | 14 | 4 | 12 | 23 | 17 | 4 | 23 | 10 | 13 | 18 | 35 | |
Interest | 0 | 2 | 2 | 1 | 2 | 0 | 2 | 0 | 7 | 5 | 6 | 38 |
Depreciation | 10 | 11 | 14 | 19 | 19 | 18 | 10 | 9 | 12 | 12 | 13 | 56 |
Profit before tax | 223 | 36 | 128 | 7 | 27 | 56 | 35 | 16 | 90 | 169 | 224 | 915 |
Tax % | 35% | 38% | 35% | 244% | 14% | 35% | 20% | 57% | 33% | 34% | 34% | 26% |
Net Profit | 145 | 22 | 83 | -11 | 23 | 36 | 25 | 7 | 61 | 111 | 147 | 675 |
EPS in Rs | 55.37 | 8.98 | 32.29 | -2.94 | 9.48 | 14.00 | 9.69 | 2.81 | 22.77 | 42.01 | 55.70 | 250.04 |
Dividend Payout % | 2% | 11% | 5% | -0% | -0% | 7% | 10% | 36% | 4% | 6% | 4% | 1% |
Compounded Sales Growth | |
---|---|
10 Years: | 27% |
5 Years: | 39% |
3 Years: | 47% |
TTM: | % |
Compounded Profit Growth | |
---|---|
10 Years: | 62% |
5 Years: | 62% |
3 Years: | 68% |
TTM: | % |
Stock Price CAGR | |
---|---|
10 Years: | 19% |
5 Years: | 18% |
3 Years: | 51% |
1 Year: | 9% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | % |
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 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 27 | ||
Reserves | 177 | 198 | 278 | 270 | 295 | 329 | 351 | 355 | 420 | 522 | 662 | 1,692 | |
19 | 16 | 12 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 281 | ||
184 | 189 | 209 | 191 | 164 | 177 | 174 | 145 | 167 | 156 | 191 | 590 | ||
Total Liabilities | 388 | 411 | 507 | 470 | 467 | 514 | 533 | 508 | 596 | 687 | 862 | 2,590 | |
99 | 111 | 252 | 241 | 229 | 222 | 225 | 224 | 225 | 262 | 260 | 846 | ||
CWIP | 47 | 115 | 8 | 13 | 28 | 5 | 4 | 3 | 4 | 12 | 202 | 55 | |
Investments | 50 | 61 | 83 | 18 | 40 | 45 | 58 | 48 | 119 | 175 | 65 | 287 | |
192 | 124 | 164 | 197 | 170 | 242 | 245 | 234 | 248 | 238 | 335 | 1,402 | ||
Total Assets | 388 | 411 | 507 | 470 | 467 | 514 | 533 | 508 | 596 | 687 | 862 | 2,590 |
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 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
171 | 33 | 56 | -66 | 32 | 16 | 36 | -7 | 85 | 128 | 169 | 873 | |
-135 | -62 | -67 | 60 | -28 | -9 | -24 | 4 | -71 | -106 | -147 | -793 | |
18 | -4 | -8 | -5 | -0 | -0 | -3 | -3 | -13 | -13 | -12 | -106 | |
Net Cash Flow | 54 | -34 | -20 | -12 | 4 | 8 | 9 | -7 | 1 | 9 | 10 | -26 |
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 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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
- Board Meeting Intimation for To Consider, Inter-Alia The Un-Audited Standalone And Consolidated Financial Results For The Quarter Ended 31 December 2022. 1 Feb
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 21 Jan
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 6 Jan
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
5 Jan - Confirmation under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31 December 2022
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 3 Jan
Annual reports
Concalls
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Nov 2022TranscriptPPT
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Aug 2022TranscriptPPT
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May 2022TranscriptPPT
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Feb 2022TranscriptPPT
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Nov 2021TranscriptPPT
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Aug 2021Transcript PPT
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Jun 2021TranscriptPPT
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Jun 2021TranscriptPPT
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Jul 2019TranscriptPPT
Mining Segment (~34% of revenues)[1]
This is the legacy business of the company wherein it is involved in the mining of iron and manganese ores[2] with capacities of 1.6 MTPA and ~0.3 MTPA respectively. It has reserves of ~105 Million tonnes (MT) and ~17 MT of iron ore (56-58% Fe grade)[3] and manganese ore respectively through its mining leases valid upto 2033.[4]
Proposed Expansion :- The company has sought approval to expand its iron ore mining operations from 1.6 MTPA to 4.5 MTPA and manganese ore mining from 0.28 MTPA to 0.46 MTPA. It has filed requisite applications with the respective government authorities.[5]