Sandur Manganese & Iron Ores Ltd
Sandur Manganese & Iron Ores is engaged in mining of Manganese and iron ore.
Sandur is the fifth-largest iron ore miner in Karnataka and the largest private miner of manganese ore in India.
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 production capacity of 1.6 million tonne per annum (TPA) for the former and 0.289 million TPA for the later.
Company has sought approval to increase the iron ore mining limit from 1.6 mtpa to 3.5 mtpa.
The company is among the few entities with category 'A' iron ore mining leases with production capacity of more than 1 million TPA.
The company has undertaken a large capex of 650 Cr, wherein the company plans to set up a 0.4 million TPA coke oven facility, a 30 megawatt (MW) waste heat recovery-based (WHRB) power plant, and also upgrade the existing ferroalloy plant apart from establishing additional evacuation infrastructure for its mines. The WHRB power plant is expected to bring down power cost substantially.
- Market Cap ₹ 1,072 Cr.
- Current Price ₹ 1,191
- High / Low ₹ 1,320 / 295
- Stock P/E 8.76
- Book Value ₹ 746
- Dividend Yield 0.59 %
- ROCE 37.5 %
- ROE 24.0 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 31.67% CAGR over last 5 years
Cons
- Promoters have pledged 53.09% of their holding.
Peer comparison
Sector: Mining & Mineral products Industry: Mining / Minerals / Metals
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | |
---|---|---|---|---|---|---|---|
205 | 167 | 195 | 135 | 196 | 138 | 138 | |
119 | 108 | 137 | 114 | 112 | 91 | 101 | |
Operating Profit | 86 | 59 | 58 | 21 | 85 | 47 | 36 |
OPM % | 42% | 35% | 30% | 15% | 43% | 34% | 26% |
Other Income | 2 | 3 | 3 | 11 | 2 | 3 | 4 |
Interest | 1 | 2 | 1 | 2 | 2 | 2 | 2 |
Depreciation | 3 | 3 | 3 | 3 | 4 | 5 | 5 |
Profit before tax | 84 | 57 | 57 | 26 | 80 | 44 | 33 |
Tax % | 36% | 38% | 34% | 20% | 32% | 39% | 40% |
Net Profit | 53 | 35 | 37 | 21 | 54 | 27 | 20 |
EPS in Rs | 60.74 | 40.49 | 42.50 | 23.51 | 62.08 | 30.82 | 22.51 |
Notes | Notes | Notes | Notes | Notes | Notes | Notes |
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: | 32% |
3 Years: | 328% |
TTM: | 29% |
Stock Price CAGR | |
---|---|
10 Years: | 6% |
5 Years: | 26% |
3 Years: | -5% |
1 Year: | 49% |
Return on Equity | |
---|---|
10 Years: | 14% |
5 Years: | 16% |
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
Add documentRecent announcements
- Statement Of Investor Complaints For The Quarter Ended December 2020 22h
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 22h
- Closure of Trading Window 28 Dec
- Disclosure Of Related Party Transactions For The Half Year Ended 30 September 2020 9 Dec 2020
- Clarification 9 Dec 2020
View all