Sarda Energy & Minerals Ltd

Sarda Energy & Minerals Ltd

₹ 233 4.04%
24 Apr - 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
The Co. offers a wide range of products that include Wires Rods, HB Wires, Ferro Alloys, Pellets, Sponge Iron, and Billets. [1]

  • Market Cap 8,221 Cr.
  • Current Price 233
  • High / Low 265 / 107
  • Stock P/E 16.0
  • Book Value 93.7
  • Dividend Yield 0.32 %
  • ROCE 28.4 %
  • ROE 22.2 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 26.9% 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: Steel Industry: Steel - Medium / Small

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
440 551 619 592 671 761 819 688 698 816 760 646 657
325 408 414 401 473 477 554 495 520 610 619 540 527
Operating Profit 115 143 205 191 198 284 266 193 177 205 141 106 131
OPM % 26% 26% 33% 32% 30% 37% 32% 28% 25% 25% 19% 16% 20%
28 22 -3 51 -1 27 -32 61 41 17 80 37 37
Interest 8 8 7 5 3 7 4 4 4 5 4 5 4
Depreciation 12 12 12 13 13 15 16 16 17 17 16 16 16
Profit before tax 122 145 182 224 181 289 214 233 198 202 202 123 147
Tax % 23% 23% 26% 21% 26% 26% 29% 20% 23% 26% 21% 25% 24%
94 111 134 177 134 215 152 186 151 149 159 93 113
EPS in Rs 2.62 3.09 3.72 4.91 3.72 5.96 4.23 5.28 4.29 4.22 4.52 2.63 3.20
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,100 1,384 1,271 1,379 1,041 1,026 1,476 1,653 1,424 1,595 2,642 3,020 2,879
922 1,112 1,042 1,083 919 855 1,175 1,279 1,184 1,223 1,764 2,179 2,295
Operating Profit 178 272 228 296 122 171 301 374 240 372 878 841 584
OPM % 16% 20% 18% 21% 12% 17% 20% 23% 17% 23% 33% 28% 20%
59 15 32 -87 40 80 53 32 61 93 75 87 172
Interest 70 63 63 59 56 42 36 35 36 34 22 16 18
Depreciation 63 64 63 68 51 47 49 50 51 48 54 66 65
Profit before tax 104 160 134 82 56 162 269 321 214 382 877 847 674
Tax % -10% 22% 44% 32% 33% 19% 30% 33% 15% 22% 25% 25%
114 125 75 56 37 131 188 215 182 297 660 638 513
EPS in Rs 3.19 3.47 2.10 1.55 1.04 3.64 5.21 5.96 5.06 8.23 18.30 18.12 14.57
Dividend Payout % -0% 9% 14% 19% 48% 11% 10% 8% 10% 9% 4% 8%
Compounded Sales Growth
10 Years: 8%
5 Years: 15%
3 Years: 28%
TTM: -3%
Compounded Profit Growth
10 Years: 18%
5 Years: 27%
3 Years: 52%
TTM: -27%
Stock Price CAGR
10 Years: 34%
5 Years: 52%
3 Years: 70%
1 Year: 112%
Return on Equity
10 Years: 16%
5 Years: 20%
3 Years: 23%
Last Year: 22%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 36 36 36 36 36 36 36 36 36 36 36 35 35
Reserves 772 884 949 995 1,028 1,160 1,333 1,530 1,695 1,975 2,607 3,067 3,266
723 661 628 527 399 397 325 295 391 270 171 139 109
171 181 232 221 205 203 268 220 260 309 362 263 425
Total Liabilities 1,702 1,762 1,844 1,780 1,668 1,795 1,962 2,081 2,382 2,590 3,175 3,504 3,835
732 754 728 690 621 579 575 570 543 528 589 595 568
CWIP 111 65 65 39 36 30 31 27 35 66 68 28 55
Investments 213 403 412 451 500 576 692 721 849 913 1,161 1,102 1,398
646 541 639 601 510 611 664 762 956 1,084 1,357 1,780 1,814
Total Assets 1,702 1,762 1,844 1,780 1,668 1,795 1,962 2,081 2,382 2,590 3,175 3,504 3,835

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
227 276 139 128 318 121 215 261 152 199 585 380
-202 -132 9 -3 -119 -77 -91 -178 -191 -26 -418 -165
-26 -138 -109 -169 -200 -43 -124 -83 41 -173 -156 -227
Net Cash Flow -1 6 38 -44 -1 1 0 0 2 -1 12 -12

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 14 16 14 14 14 18 15 9 16 18 13 11
Inventory Days 129 100 149 185 94 138 114 107 147 165 107 112
Days Payable 47 47 56 29 45 62 55 34 71 77 47 17
Cash Conversion Cycle 96 69 107 170 63 94 74 81 92 105 72 106
Working Capital Days 92 54 67 75 94 130 98 122 178 159 111 132
ROCE % 12% 14% 13% 17% 7% 10% 19% 20% 13% 20% 35% 28%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
72.50% 72.50% 72.50% 72.50% 71.01% 72.64% 72.64% 72.64% 72.64% 72.64% 72.64% 72.64%
0.76% 1.33% 1.56% 1.72% 1.83% 1.97% 1.91% 2.44% 2.55% 2.69% 2.81% 2.69%
2.31% 1.94% 1.77% 2.21% 2.54% 2.82% 3.44% 3.76% 3.76% 3.92% 3.85% 3.61%
24.43% 24.23% 24.17% 23.58% 24.62% 22.55% 21.99% 21.16% 21.04% 20.74% 20.70% 21.04%
No. of Shareholders 24,93925,95924,94125,40028,79627,89726,58126,24226,63338,80742,08253,543

* 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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Documents

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