Sarda Energy & Minerals Ltd
NSE: SARDAEN BSE: 504614Metal
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]
₹537
52W: ₹420 — ₹640
PE 20.9 · Book ₹181 · +197% vs bookMarket Cap₹18,916 Cr
Stock P/E20.9Price to Earnings
ROCE16.6%Return on Capital
ROE12.9%Return on Equity
Div. Yield0.28%Face Value ₹1
Strengths
- +Company is expected to give good quarter
Weaknesses
- −Dividend payout has been low at 8.18% of profits over last 3 years
Shareholding Pattern
Promoters73.16%
FIIs3.5%
DIIs3.32%
Public20.01%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 72.64% | 73.16%▲0.5 | 73.16% | 73.16% | 73.16% | 73.16% | 73.16% | 73.16% |
| FIIs | 2.49% | 2.29%▼0.2 | 2.66%▲0.4 | 3.46%▲0.8 | 3.83%▲0.4 | 4.14%▲0.3 | 3.54%▼0.6 | 3.5%▼0.0 |
| DIIs | 3.75% | 4.27%▲0.5 | 4.35%▲0.1 | 3.79%▼0.6 | 3.81%▲0.0 | 2.87%▼0.9 | 2.93%▲0.1 | 3.32%▲0.4 |
| Public | 21.1% | 20.28%▼0.8 | 19.82%▼0.5 | 19.58%▼0.2 | 19.21%▼0.4 | 19.84%▲0.6 | 20.38%▲0.5 | 20.01%▼0.4 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 646 | 657 | 670 | 662 | 763 | 1,047 | 1,013 | 1,307 | 1,092 | 918 |
| Expenses | 540 | 527 | 534 | 470 | 567 | 740 | 751 | 781 | 760 | 709 |
| Operating Profit | 106 | 131 | 136 | 192 | 195 | 306 | 262 | 526 | 332 | 208 |
| OPM % | 16% | 20% | 20% | 29% | 26% | 29% | 26% | 40% | 30% | 23% |
| Net Profit | 93 | 113 | 101 | 181 | 123 | 189 | 115 | 386 | 240 | 163 |
| EPS ₹ | 2.63 | 3.2 | 2.87 | 5.14 | 3.48 | 5.37 | 3.27 | 10.96 | 6.8 | 4.63 |
AI Insights
Revenue Trend
TTM revenue at ₹4,330Cr, up 24.3% YoY. OPM at 31%.
Debt Position
Borrowings at ₹1,446Cr. Debt-to-equity ratio: 0.23x. Healthy balance sheet.
Capex Cycle
CWIP at ₹388Cr (11% of fixed assets). Moderate ongoing capital expenditure.
Institutional Flow
DIIs: 3.32% (-0.44pp change). FIIs: 3.5% (+0.95pp change). Promoters hold 73.16%.
Margin & Efficiency
ROCE improving from 13% (Mar 2014) to 17% (Mar 2025). Working capital days: 135.
Valuation
PE 20.9x with 16.6% ROCE. Price is 197% above book value of ₹181. Dividend yield: 0.28%.
Recent Announcements
- Closure of Trading Window 11 May - Board to meet on 23 May 2026 for FY26 audited results; trading window closed till 25 May 2026.
- Board Meeting Intimation for Considering And Approving Audited Results And Audited Financial Statements For F.Y. 2025-26 And Dividend For F.Y. 2025-26, If Any. 11 May - Board meeting on 23 May 2026 to approve FY2025-26 audited results and consider dividend.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 29 Apr
- Updates 8 Apr - CARE reaffirmed Madhya Bharat Power’s ₹780.76 crore long-term bank facilities at CARE A; Stable on 8 April 2026.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 Apr
- Financial Year 2025 from bse
- Financial Year 2024 from web
- Financial Year 2024 from bse