Shyam Metalics & Energy Ltd

₹ 295 -0.29%
05 Dec 4:01 p.m.
About

Shyam Metalics is a leading integrated metal producing company based in India with a focus on long steel products and ferro alloys. The company is one of the largest producers of ferro alloys in terms of installed capacity in India and has the ability to sell intermediate and final products across the steel value chain.[1]

Key Points

India’s leading Metal Producer [1]
The company is one of the leading Integrated metal producers in India and it is among India's largest producers of ferroalloys in terms of installed capacity and the fourth-largest player in the sponge iron industry.

  • Market Cap 7,522 Cr.
  • Current Price 295
  • High / Low 386 / 273
  • Stock P/E 5.46
  • Book Value 268
  • Dividend Yield 2.45 %
  • ROCE 44.0 %
  • ROE 36.2 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.11 times its book value
  • Company is expected to give good quarter
  • Company has a good return on equity (ROE) track record: 3 Years ROE 27.3%
  • Company's working capital requirements have reduced from 91.3 days to 67.6 days

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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
1,084 912 1,335 1,700 2,351 2,465 2,494 2,578 2,857 3,223 3,085
894 760 1,075 1,346 1,724 1,777 1,870 1,953 2,194 2,617 2,842
Operating Profit 189 152 260 353 627 688 624 625 663 607 244
OPM % 17% 17% 20% 21% 27% 28% 25% 24% 23% 19% 8%
2 4 3 9 9 8 21 17 15 22 22
Interest 25 20 16 20 7 7 5 6 6 7 15
Depreciation 93 69 74 78 80 61 61 60 91 95 110
Profit before tax 73 67 174 265 549 627 580 576 581 527 140
Tax % -9% -19% 8% 18% 29% 27% 29% 27% 25% 21% 21%
Net Profit 80 80 160 216 388 458 410 423 433 414 111
EPS in Rs 3.41 3.44 6.84 9.26 16.59 17.95 16.24 16.52 16.89 16.26 4.48
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
3,747 4,606 4,376 6,297 10,394 11,743
3,034 3,656 3,710 4,903 7,793 9,605
Operating Profit 714 950 666 1,394 2,601 2,138
OPM % 19% 21% 15% 22% 25% 18%
68 73 12 24 59 75
Interest 49 64 86 62 23 34
Depreciation 215 195 297 300 272 356
Profit before tax 517 764 295 1,055 2,364 1,824
Tax % -2% 17% -15% 20% 27%
Net Profit 528 637 340 844 1,724 1,381
EPS in Rs 90.83 25.86 14.56 36.10 67.61 54.15
Dividend Payout % -0% -0% -0% 7% 7%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 31%
TTM: 30%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 42%
TTM: -6%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -5%
Return on Equity
10 Years: %
5 Years: %
3 Years: 27%
Last Year: 36%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
47 234 234 234 255 255
Reserves 1,807 2,256 2,593 3,400 5,580 6,571
568 729 1,114 796 543 850
1,049 834 1,121 990 2,047 2,536
Total Liabilities 3,471 4,052 5,062 5,420 8,425 10,212
1,747 1,774 2,012 1,802 2,455 2,646
CWIP 91 358 235 506 768 2,471
Investments 195 274 144 282 1,036 1,463
1,437 1,647 2,670 2,829 4,166 3,632
Total Assets 3,471 4,052 5,062 5,420 8,425 10,212

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
247 457 -91 1,056 1,690
-118 -567 -420 -499 -1,927
-162 112 531 -423 165
Net Cash Flow -33 2 20 134 -72

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 36 17 13 31 13
Inventory Days 86 96 203 98 119
Days Payable 69 41 79 35 69
Cash Conversion Cycle 53 72 136 94 63
Working Capital Days 57 71 123 83 68
ROCE % 29% 11% 27% 44%

Shareholding Pattern

Numbers in percentages

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
88.35 88.35 88.35 88.35 88.35 88.35
2.59 1.66 0.98 1.06 0.81 0.67
2.04 2.67 2.69 2.96 3.09 3.16
7.02 7.32 7.97 7.63 7.75 7.82

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

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

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