Sarda Energy & Minerals Ltd
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]
- 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.
Peer comparison
Sector: Steel Industry: Steel - Medium / Small
Part of Nifty 500 BSE SmallCap BSE Allcap BSE Commodities Nifty MidSmallcap 400
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 3m
- Announcement under Regulation 30 (LODR)-Investor Presentation 6h
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
2d - Q4 FY25 results: 20% revenue growth, 34% PAT growth, 150% dividend recommended by Sarda Energy.
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Appointment Of Secretarial Auditor And Cost Auditor
24 May - FY25 audited results approved; ₹1.50 dividend recommended; SKS Power acquisition finalized.
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Corporate Action-Board approves Dividend
24 May - FY25 audited results: ₹608 Cr standalone net profit, ₹699 Cr consolidated; ₹1.50 dividend recommended.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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May 2025TranscriptNotesPPT
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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]