Sarda Energy & Minerals Ltd

Sarda Energy & Minerals Ltd

₹ 431 -2.00%
20 Jun - close price
About

Incorporated in 1973, Sarda Energy & Minerals Limited (SEML) is the flagship company of Sarda Group and is engaged in the production of steel, ferro alloys and power. [1]

Key Points

Product Portfolio & Production Capacities
1) Steel Products (46% in FY24 vs 48% in FY22): [1] [2] The company is an integrated steel producer of long steel products including iron pellets, sponge iron, billets, wire rods, etc having a steel manufacturing facility at Raipur, Chhattisgarh with a production capacity of:
Pellets: 9 lakh MT
Sponge Iron: 3.6 lakh MT
Billets: 3 lakh MT
Wire Rod: 2.5 lakh MT
H.B. Wire: 0.45 Lakh MT [3] [4]

  • Market Cap 15,222 Cr.
  • Current Price 431
  • High / Low 566 / 224
  • Stock P/E 25.0
  • Book Value 165
  • Dividend Yield 0.23 %
  • ROCE 16.8 %
  • ROE 13.0 %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter

Cons

  • Dividend payout has been low at 8.18% of profits over last 3 years

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
761 819 688 698 816 760 646 657 670 662 763 1,047 1,013
477 554 495 520 610 619 540 527 534 470 567 740 751
Operating Profit 284 266 193 177 205 141 106 131 136 192 195 306 262
OPM % 37% 32% 28% 25% 25% 19% 16% 20% 20% 29% 26% 29% 26%
27 -32 61 41 17 80 37 37 30 63 35 7 15
Interest 7 4 4 4 5 4 5 4 5 4 19 34 40
Depreciation 15 16 16 17 17 16 16 16 16 15 31 48 56
Profit before tax 289 214 233 198 202 202 123 147 144 236 181 231 181
Tax % 26% 29% 20% 23% 26% 21% 25% 24% 30% 23% 32% 18% 36%
215 152 186 151 149 159 93 113 101 181 123 189 115
EPS in Rs 5.96 4.23 5.28 4.29 4.22 4.52 2.63 3.20 2.87 5.14 3.48 5.37 3.27
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,271 1,379 1,041 1,026 1,476 1,653 1,424 1,595 2,642 3,020 2,733 3,484
1,042 1,083 919 855 1,175 1,279 1,184 1,223 1,764 2,179 2,219 2,528
Operating Profit 228 296 122 171 301 374 240 372 878 841 514 956
OPM % 18% 21% 12% 17% 20% 23% 17% 23% 33% 28% 19% 27%
32 -87 40 80 53 32 61 93 75 87 185 120
Interest 63 59 56 42 36 35 36 34 22 16 18 97
Depreciation 63 68 51 47 49 50 51 48 54 66 64 150
Profit before tax 134 82 56 162 269 321 214 382 877 847 617 829
Tax % 44% 32% 33% 19% 30% 33% 15% 22% 25% 25% 24% 27%
75 56 37 131 188 215 182 297 660 638 466 608
EPS in Rs 2.10 1.55 1.04 3.64 5.21 5.96 5.06 8.23 18.30 18.12 13.22 17.26
Dividend Payout % 14% 19% 48% 11% 10% 8% 10% 9% 4% 8% 8% 9%
Compounded Sales Growth
10 Years: 10%
5 Years: 20%
3 Years: 10%
TTM: 27%
Compounded Profit Growth
10 Years: 16%
5 Years: 27%
3 Years: -3%
TTM: 34%
Stock Price CAGR
10 Years: 44%
5 Years: 88%
3 Years: 78%
1 Year: 88%
Return on Equity
10 Years: 16%
5 Years: 18%
3 Years: 16%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 36 36 36 36 36 36 36 36 36 35 35 35
Reserves 949 995 1,028 1,160 1,333 1,530 1,695 1,975 2,607 3,067 3,481 5,784
628 527 399 397 325 295 391 270 171 139 134 1,537
232 221 205 203 268 220 260 309 362 263 240 470
Total Liabilities 1,844 1,780 1,668 1,795 1,962 2,081 2,382 2,590 3,175 3,504 3,891 7,826
728 690 621 579 575 570 543 528 589 595 582 3,660
CWIP 65 39 36 30 31 27 35 66 68 28 46 212
Investments 412 451 500 576 692 721 849 913 1,161 1,102 1,401 1,429
639 601 510 611 664 762 956 1,084 1,357 1,780 1,861 2,526
Total Assets 1,844 1,780 1,668 1,795 1,962 2,081 2,382 2,590 3,175 3,504 3,891 7,826

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
139 128 318 121 215 261 152 199 585 380 877 550
9 -3 -119 -77 -91 -178 -191 -26 -418 -165 -723 -1,834
-109 -169 -200 -43 -124 -83 41 -173 -156 -227 -81 1,232
Net Cash Flow 38 -44 -1 1 0 0 2 -1 12 -12 74 -52

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 14 14 14 18 15 9 16 18 13 11 6 18
Inventory Days 149 185 94 138 114 107 147 165 107 112 71 111
Days Payable 56 29 45 62 55 34 71 77 47 17 14 20
Cash Conversion Cycle 107 170 63 94 74 81 92 105 72 106 62 109
Working Capital Days 67 75 94 130 98 122 178 159 111 132 132 192
ROCE % 13% 17% 7% 10% 19% 20% 13% 20% 35% 28% 18% 17%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
71.01% 72.64% 72.64% 72.64% 72.64% 72.64% 72.64% 72.64% 72.64% 73.16% 73.16% 73.16%
1.83% 1.97% 1.91% 2.44% 2.55% 2.69% 2.81% 2.69% 2.49% 2.29% 2.66% 3.46%
2.54% 2.82% 3.44% 3.76% 3.76% 3.92% 3.85% 3.61% 3.75% 4.27% 4.35% 3.79%
24.62% 22.55% 21.99% 21.16% 21.04% 20.74% 20.70% 21.04% 21.10% 20.28% 19.82% 19.58%
No. of Shareholders 28,79627,89726,58126,24226,63338,80742,08253,54353,95771,21676,03785,188

* 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.

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