Sarda Energy & Minerals
Sarda Energy & Minerals
CommoditiesKey Fundamentals
SmallcapIron & SteelMetals & MiningTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Company has delivered good profit growth of 22.4% CAGR over last 5 years
Growth Rate
AI Analysis — Bull vs Bear
Sarda Energy & Minerals Ltd is a mid-cap commodities company with a market cap of ₹18,602 Cr trading at a P/E of 16.4x and P/B of 2.57x. The company has delivered strong long-term profit growth of 22% CAGR over 5 years and 58% over 10 years, though TTM sales growth has moderated to 6% and the stock has declined 8% over the past year.
- Strong long-term profit compounding at 22% CAGR over 5 years and 58% CAGR over 10 years, indicating sustained earnings expansion
- Reasonable valuation at P/E of 16.4x relative to the strong historical profit growth, suggesting earnings are not excessively priced
- Robust stock price CAGR of 50% over 5 years and 41% over 10 years, reflecting long-term wealth creation
- Compounded sales growth of 21% over 5 years demonstrates consistent top-line scaling in the commodities business
- ROE has remained steady in the 14-17% range across 3, 5, and 10-year periods, indicating consistent return generation on equity
- TTM profit growth of 20% continues to outpace TTM sales growth of 6%, suggesting improving margins or operating leverage
- 3-year stock CAGR of 35% despite the recent 1-year decline of 8% suggests the broader trend remains positive
- TTM sales growth has decelerated sharply to 6% compared to the 5-year CAGR of 21%, signaling a potential slowdown in revenue momentum
- Stock has declined 8% over the past 1 year, underperforming the broader market and indicating near-term sentiment weakness
- Dividend yield of just 0.37% offers minimal income return to shareholders relative to the earnings generated
- As a commodities sector company, earnings are inherently cyclical and the 58% 10-year profit CAGR may partly reflect a favorable commodity cycle that could reverse
- P/B ratio of 2.57x is elevated for a commodities business where asset-heavy balance sheets typically command lower multiples
- Last year ROE of 15% has dipped from the 5-year average of 17%, suggesting a slight deterioration in capital efficiency
- 52-week high and low data unavailable (reported as 0), limiting visibility into recent price range and volatility assessment
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- AGM scheduled for Sep 24 Sep 1
Sarda Energy's 53rd AGM is set for September 24, 2026 via video conferencing, with remote e-voting starting September 21.
- FY26 BRSR report filed Aug 31
Sarda Energy submitted its FY26 Business Responsibility and Sustainability Report covering environmental metrics, waste management, and safety data.
TL;DR: A quiet period for Sarda Energy with only routine corporate filings and no material business developments. The AGM scheduling and BRSR filing are standard compliance events with no direct impact on fundamentals. No new headwinds or positive catalysts have emerged. Investors should watch the Sep 24 AGM for any forward-looking commentary from management.
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,052 | 1,001 | 925 | 889 | 926 | 1,159 | 1,319 | 1,239 | 1,633 | 1,528 | 1,276 | 1,254 | 1,608 |
| Expenses | 837 | 759 | 737 | 737 | 666 | 821 | 950 | 968 | 1,016 | 1,016 | 965 | 906 | 955 |
| Operating Profit | 215 | 242 | 188 | 152 | 261 | 337 | 369 | 271 | 617 | 512 | 311 | 348 | 653 |
| OPM % | 20% | 24% | 20% | 17% | 28% | 29% | 28% | 22% | 38% | 34% | 24% | 28% | 41% |
| Other Income | 83 | 24 | 32 | 42 | 75 | 51 | 0 | 46 | 80 | 68 | 95 | 5 | 108 |
| Interest | 35 | 35 | 31 | 28 | 36 | 50 | 64 | 70 | 62 | 64 | 64 | 54 | 58 |
| Depreciation | 45 | 46 | 46 | 46 | 45 | 62 | 78 | 87 | 81 | 85 | 86 | 88 | 89 |
| PBT | 218 | 186 | 143 | 121 | 255 | 276 | 226 | 160 | 553 | 431 | 255 | 210 | 615 |
| Tax % | 20% | 19% | 25% | 37% | 24% | 26% | 17% | 41% | 24% | 27% | 28% | 33% | 25% |
| Net Profit | 172 | 149 | 114 | 88 | 198 | 203 | 200 | 100 | 437 | 328 | 190 | 155 | 478 |
| EPS in Rs | 4.85 | 3.99 | 3.32 | 2.68 | 5.64 | 5.55 | 5.6 | 3.07 | 12.33 | 9.17 | 5.4 | 4.48 | 13 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,760 | 1,480 | 1,434 | 2,174 | 2,324 | 2,000 | 2,199 | 3,914 | 4,212 | 3,868 | 4,643 | 5,690 | 5,665 |
| Expenses | 1,383 | 1,289 | 1,217 | 1,772 | 1,842 | 1,644 | 1,679 | 2,559 | 3,152 | 3,070 | 3,406 | 3,903 | 3,842 |
| Operating Profit | 377 | 191 | 217 | 402 | 482 | 356 | 520 | 1,355 | 1,060 | 798 | 1,237 | 1,787 | 1,824 |
| OPM % | 21% | 13% | 15% | 18% | 21% | 18% | 24% | 35% | 25% | 21% | 27% | 31% | 32% |
| Other Income | -77 | 35 | 96 | 63 | 17 | -17 | 130 | 43 | 49 | 181 | 172 | 247 | 276 |
| Interest | 120 | 112 | 94 | 97 | 99 | 82 | 79 | 147 | 124 | 128 | 220 | 244 | 240 |
| Depreciation | 93 | 75 | 69 | 73 | 76 | 78 | 75 | 143 | 178 | 183 | 271 | 341 | 348 |
| PBT | 87 | 39 | 150 | 294 | 324 | 179 | 495 | 1,108 | 807 | 667 | 918 | 1,449 | 1,511 |
| Tax % | 35% | 68% | 15% | 30% | 36% | 24% | 23% | 27% | 25% | 24% | 26% | 27% | — |
| Net Profit | 56 | 13 | 127 | 205 | 207 | 128 | 376 | 807 | 604 | 524 | 702 | 1,109 | 1,151 |
| EPS in Rs | 1.53 | 0.35 | 3.66 | 5.62 | 5.64 | 3.5 | 10.4 | 22.31 | 17.09 | 14.84 | 19.86 | 31.38 | 32.05 |
| Div. Payout % | 20% | 143% | 11% | 9% | 9% | 14% | 7% | 3% | 9% | 7% | 8% | 6% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 35 | 35 | 35 | 35 |
| Reserves | 1,174 | 1,187 | 1,322 | 1,540 | 1,707 | 1,834 | 2,182 | 2,968 | 3,375 | 3,853 | 6,251 | 7,335 |
| Borrowings | 1,482 | 1,221 | 1,363 | 1,386 | 1,395 | 1,694 | 1,714 | 1,581 | 1,407 | 1,366 | 2,861 | 2,632 |
| Other Liabilities | 352 | 382 | 395 | 451 | 543 | 538 | 587 | 714 | 664 | 747 | 977 | 1,369 |
| Total Liabilities | 3,044 | 2,827 | 3,115 | 3,413 | 3,682 | 4,102 | 4,518 | 5,298 | 5,481 | 6,002 | 10,125 | 11,371 |
| Fixed Assets | 1,333 | 1,226 | 1,183 | 1,358 | 1,349 | 1,323 | 1,287 | 2,853 | 2,907 | 2,853 | 5,845 | 6,100 |
| CWIP | 441 | 594 | 799 | 783 | 1,063 | 1,374 | 1,616 | 133 | 132 | 251 | 728 | 472 |
| Investments | 279 | 205 | 226 | 241 | 213 | 191 | 266 | 500 | 422 | 659 | 792 | 1,645 |
| Other Assets | 991 | 803 | 907 | 1,030 | 1,057 | 1,214 | 1,349 | 1,812 | 2,020 | 2,239 | 2,759 | 3,154 |
| Total Assets | 3,044 | 2,827 | 3,115 | 3,413 | 3,682 | 4,102 | 4,518 | 5,298 | 5,481 | 6,002 | 10,125 | 11,371 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -36 | 469 | 177 | 300 | 480 | 336 | 188 | 917 | 701 | 742 | 886 | 1,735 |
| Investing | 330 | -148 | -241 | -156 | -399 | -415 | -186 | -466 | -431 | -423 | -2,132 | -1,166 |
| Financing | -385 | -383 | 63 | -86 | -106 | 199 | -70 | -331 | -479 | -223 | 1,200 | -519 |
| Net Cash Flow | -91 | -61 | -1 | 58 | -24 | 120 | -68 | 120 | -208 | 96 | -46 | 50 |
| Free Cash Flow | -50 | 309 | -63 | 49 | 155 | -16 | -115 | 644 | 485 | 477 | 396 | 1,400 |
| CFO/OP | -2 | 254 | 89 | 90 | 123 | 112 | 52 | 87 | 88 | 112 | 74 | 98 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 20 | 31 | 27 | 22 | 15 | 23 | 23 | 16 | 16 | 10 | 17 | 18 |
| Inventory Days | 177 | 84 | 133 | 102 | 107 | 141 | 157 | 107 | 106 | 80 | 115 | 99 |
| Days Payable | 29 | 42 | 59 | 39 | 46 | 72 | 67 | 46 | 24 | 26 | 28 | 22 |
| Cash Conversion Cycle | 168 | 72 | 101 | 85 | 76 | 92 | 113 | 77 | 98 | 64 | 105 | 96 |
| Working Capital Days | 7 | 117 | 154 | 99 | 96 | 120 | 97 | 53 | 67 | 49 | 68 | 68 |
| ROCE % | 12% | 6% | 8% | 14% | 13% | 8% | 15% | 29% | 19% | 15% | 15% | 17% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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64 extracted metrics + investor summaries across FY10–FY27.
Documents
Frequently Asked Questions about Sarda Energy & Minerals
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Company Information
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]
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