Sandur Manganese & Iron Ores Ltd

Sandur Manganese Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Sandur Manganese & Iron Ores Ltd

₹ 524 -3.77%
26 Apr - close price
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

Mining Segment (~64% of 9MFY24 revenues) [1]
This is the legacy business of the company wherein it is involved in the mining of iron and manganese ores. Company produces iron ore with Fe content of 56-58%, with lump to fine production ratio of 1:2.[2]Company has large mines with two leases up to 2033, ML-2678 and ML-2679, with an area of 1860.10 hectares (ha) and 139.20 ha, respectively [3]with reserves of Manganese Ore: 17MT & Iron Ore: 110 MT. Company currently has a capacity of Manganese Ore: 0.46 MTPA & Iron Ore: 3.81 MTPA[4]

Website BSE NSE
  • Market Cap ₹ 8,495 Cr.
  • Current Price ₹ 524
  • High / Low ₹ 614 / 192
  • Stock P/E 34.0
  • Book Value ₹ 123
  • Dividend Yield 0.16 %
  • ROCE %
  • ROE %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company is almost debt free.
  • Company's median sales growth is 15.5% of last 10 years

Cons

  • Stock is trading at 4.28 times its book value

* 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

Edit Columns
Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Jun 2019 Sep 2019 Dec 2019 Jun 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
135.45 196.43 138.08 137.55 475.05 716.24 651.68 478.50 387.92 607.71 362.53 184.81 153.02
114.49 111.91 90.74 101.45 220.92 494.21 595.96 443.65 321.35 372.43 304.63 147.33 135.94
Operating Profit 20.96 84.52 47.34 36.10 254.13 222.03 55.72 34.85 66.57 235.28 57.90 37.48 17.08
OPM % 15.47% 43.03% 34.28% 26.25% 53.50% 31.00% 8.55% 7.28% 17.16% 38.72% 15.97% 20.28% 11.16%
10.57 1.53 3.40 3.55 8.07 12.22 12.29 17.82 12.34 16.75 18.52 17.81 15.44
Interest 2.10 1.66 1.62 1.59 10.32 8.95 6.86 7.09 7.00 6.90 5.63 5.07 4.80
Depreciation 3.34 4.29 4.66 4.87 12.21 18.57 16.06 15.99 15.95 16.26 14.19 14.43 14.56
Profit before tax 26.09 80.10 44.46 33.19 239.67 206.73 45.09 29.59 55.96 228.87 56.60 35.79 13.16
Tax % 20.35% 31.89% 38.84% 40.01% 37.92% -13.93% 25.46% 26.06% 26.00% 23.90% 29.42% 25.87% 25.46%
20.78 54.56 27.19 19.91 148.79 235.52 33.61 21.88 41.41 173.89 39.78 26.98 9.07
EPS in Rs 1.31 3.45 1.71 1.25 9.18 14.54 2.07 1.35 2.56 10.73 2.46 1.67 0.56
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2022 Mar 2023 TTM
294 363 206 219 347 351 269 434 608 702 2,249 2,126 1,308
259 223 191 193 291 308 266 335 434 477 1,275 1,733 960
Operating Profit 35 140 15 26 57 42 3 99 174 225 974 392 348
OPM % 12% 39% 7% 12% 16% 12% 1% 23% 29% 32% 43% 18% 27%
14 4 12 23 17 4 23 10 13 18 35 59 69
Interest 2 2 1 2 0 2 0 7 5 6 38 28 22
Depreciation 11 14 19 19 18 10 9 12 12 13 56 64 59
Profit before tax 36 128 7 27 56 35 16 90 169 224 915 360 334
Tax % 38% 35% 244% 14% 35% 20% 57% 33% 34% 34% 26% 25%
22 83 -11 23 36 25 7 61 111 147 675 271 250
EPS in Rs 1.50 5.39 -0.49 1.58 2.34 1.62 0.47 3.80 7.01 9.30 41.67 16.72 15.42
Dividend Payout % 11% 5% 0% 0% 7% 10% 36% 4% 6% 4% 1% 5%
Compounded Sales Growth
10 Years: 26%
5 Years: 28%
3 Years: %
TTM: -41%
Compounded Profit Growth
10 Years: 28%
5 Years: 19%
3 Years: %
TTM: -25%
Stock Price CAGR
10 Years: 33%
5 Years: 60%
3 Years: 91%
1 Year: 146%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2023 Sep 2023
Equity Capital 9 9 9 9 9 9 9 9 9 9 27 27
Reserves 198 278 270 295 329 351 355 420 522 662 1,907 1,958
16 12 0 0 0 0 0 0 0 0 206 147
189 209 191 164 177 174 145 167 156 191 392 238
Total Liabilities 411 507 470 467 514 533 508 596 687 862 2,532 2,370
111 252 241 229 222 225 224 225 262 260 878 872
CWIP 115 8 13 28 5 4 3 4 12 202 67 85
Investments 61 83 18 40 45 58 48 119 175 65 469 455
124 164 197 170 242 245 234 248 238 335 1,118 957
Total Assets 411 507 470 467 514 533 508 596 687 862 2,532 2,370

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2022 Mar 2023
33 56 -66 32 16 36 -7 85 128 169 873 142
-62 -67 60 -28 -9 -24 4 -71 -106 -147 -793 7
-4 -8 -5 -0 -0 -3 -3 -13 -13 -12 -106 -147
Net Cash Flow -34 -20 -12 4 8 9 -7 1 9 10 -26 2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2022 Mar 2023
Debtor Days 31 20 81 31 43 6 10 5 3 11 25
Inventory Days 125 1,836 574 256 440 238 180 92
Days Payable 769 665 346 107 146 128 207 79
Cash Conversion Cycle -612 20 1,252 259 43 6 159 299 113 -16 37
Working Capital Days -111 -72 -31 -70 -8 -22 -1 -10 -3 -16 21
ROCE % 16% 46% 2% 9% 16% 10% -1% 23% 34% 36%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
73.22% 73.22% 73.18% 73.18% 73.23% 74.37% 74.37% 74.37% 74.31% 74.26% 74.22% 74.22%
0.00% 0.13% 0.25% 0.36% 0.51% 0.49% 0.30% 0.32% 0.31% 0.33% 0.43% 0.70%
0.81% 0.81% 0.81% 0.81% 0.80% 0.81% 0.81% 0.79% 0.74% 0.64% 1.26% 1.42%
25.97% 25.84% 25.76% 25.65% 25.46% 24.34% 24.53% 24.52% 24.65% 24.78% 24.07% 23.67%
No. of Shareholders 9,90812,95512,25312,71624,21430,56030,24327,45825,80324,75734,62157,023

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Credit ratings

Concalls