Sarda Energy & Minerals Ltd

Sarda Energy & Minerals Ltd

₹ 430 -3.21%
27 May - 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 15,149 Cr.
  • Current Price 430
  • High / Low 566 / 201
  • Stock P/E 21.6
  • Book Value 178
  • Dividend Yield 0.23 %
  • ROCE 15.6 %
  • ROE 13.8 %
  • Face Value 1.00

Pros

Cons

  • Dividend payout has been low at 7.69% of profits over last 3 years
  • Working capital days have increased from 110 days to 157 days

* 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

Consolidated Figures in Rs. Crores / View Standalone

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
1,058 1,261 967 908 1,076 1,052 1,001 925 889 926 1,159 1,319 1,239
707 892 685 713 862 837 759 737 737 666 821 950 968
Operating Profit 352 370 281 196 214 215 242 188 152 261 337 369 271
OPM % 33% 29% 29% 22% 20% 20% 24% 20% 17% 28% 29% 28% 22%
30 -39 21 44 24 83 24 32 42 75 51 -0 46
Interest 45 32 32 33 28 35 35 31 28 36 50 64 70
Depreciation 46 44 44 45 45 45 46 46 46 45 62 78 87
Profit before tax 291 255 226 161 165 218 186 143 121 255 276 226 160
Tax % 30% 32% 18% 19% 30% 20% 19% 25% 37% 24% 26% 17% 41%
207 173 186 130 115 172 149 114 88 198 203 200 100
EPS in Rs 5.92 4.71 5.13 3.70 3.44 4.85 3.99 3.32 2.68 5.64 5.55 5.60 3.07
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,591 1,760 1,480 1,434 2,174 2,324 2,000 2,199 3,914 4,212 3,868 4,643
1,263 1,383 1,295 1,217 1,772 1,842 1,644 1,679 2,559 3,152 3,070 3,406
Operating Profit 329 377 185 217 402 482 356 520 1,355 1,060 798 1,237
OPM % 21% 21% 12% 15% 18% 21% 18% 24% 35% 25% 21% 27%
44 -77 41 96 63 17 -17 130 43 49 181 172
Interest 123 120 112 94 97 99 82 79 147 124 128 220
Depreciation 96 93 75 69 73 76 78 75 143 178 183 271
Profit before tax 154 87 39 150 294 324 179 495 1,108 807 667 918
Tax % 40% 35% 68% 15% 30% 36% 24% 23% 27% 25% 24% 26%
92 56 13 127 205 207 128 376 807 604 524 702
EPS in Rs 2.54 1.53 0.35 3.66 5.62 5.64 3.50 10.40 22.31 17.09 14.84 19.86
Dividend Payout % 12% 20% 143% 11% 9% 9% 14% 7% 3% 9% 7% 8%
Compounded Sales Growth
10 Years: 10%
5 Years: 18%
3 Years: 6%
TTM: 20%
Compounded Profit Growth
10 Years: 18%
5 Years: 40%
3 Years: -5%
TTM: 36%
Stock Price CAGR
10 Years: 41%
5 Years: 98%
3 Years: 69%
1 Year: 78%
Return on Equity
10 Years: 15%
5 Years: 18%
3 Years: 15%
Last Year: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 1,112 1,174 1,187 1,322 1,540 1,707 1,834 2,182 2,968 3,375 3,853 6,251
1,737 1,482 1,221 1,363 1,386 1,395 1,694 1,714 1,581 1,407 1,366 2,861
363 352 382 395 451 543 538 587 714 664 747 977
Total Liabilities 3,247 3,044 2,827 3,115 3,413 3,682 4,102 4,518 5,298 5,481 6,002 10,125
1,383 1,333 1,226 1,183 1,358 1,349 1,323 1,287 2,853 2,907 2,853 5,854
CWIP 375 441 594 799 783 1,063 1,374 1,616 133 132 251 613
Investments 572 279 205 226 241 213 191 266 500 422 659 792
917 991 803 907 1,030 1,057 1,214 1,349 1,812 2,020 2,239 2,867
Total Assets 3,247 3,044 2,827 3,115 3,413 3,682 4,102 4,518 5,298 5,481 6,002 10,125

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
241 -36 469 177 300 480 336 188 917 701 752 886
-385 330 -148 -241 -156 -399 -415 -186 -466 -431 -434 -2,132
176 -385 -383 63 -86 -106 199 -70 -331 -479 -222 1,200
Net Cash Flow 32 -91 -61 -1 58 -24 120 -68 120 -208 96 -46

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 15 20 31 27 22 15 23 23 16 16 10 17
Inventory Days 122 177 84 133 102 107 141 157 107 106 80 115
Days Payable 54 29 42 59 39 46 72 67 46 24 26 28
Cash Conversion Cycle 83 168 72 101 85 76 92 113 77 98 64 105
Working Capital Days 65 105 105 131 86 86 108 133 89 96 78 157
ROCE % 10% 12% 6% 8% 14% 13% 8% 15% 29% 19% 15% 16%

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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