Shyam Metalics & Energy logo

Shyam Metalics & Energy

SHYAMMETL NSE

Key Fundamentals

SmallcapIron & Steel ProductsIndustrial Products
Market Cap
₹29,970 Cr
Volatility
Moderate
P/E Ratio
26.71
EBITDA
₹2,537 Cr
Return on Equity
8.58%
Debt to Equity
0.09
Book Value
₹412.84
EPS
₹39.63
52W High
₹1,111
52W Low
₹746

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

1
  • Company is almost debt free.

Weaknesses

3
  • Stock is trading at 2.60 times its book value
  • Company has a low return on equity of 10.2% over last 3 years.
  • Dividend payout has been low at 12.5% of profits over last 3 years

Growth Rate

Revenue Growth
21.88% higher than 3Y
Net Income Growth
16.6% higher than 3Y
Cash Flow Change
18.1% higher than 3Y
ROE
6.45% lower than 3Y
ROCE
9.47% lower than 3Y
EBITDA Margin (Avg.)
-0.73% lower than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 2d ago
AI opinion · based on fundamentals
Risk medium

Shyam Metalics & Energy Ltd is a ~₹29,970 Cr market-cap integrated metal producer trading at a P/E of 27.1x and P/B of 2.63x. The company is virtually debt-free with a net cash position of -₹1,514 Cr net debt as of FY26, and has grown FY26 consolidated revenue 22% YoY to ₹18,552 Cr, though its 3-year average ROE of ~10% remains modest for the sector.

Bull Case 7
  • Near-zero leverage: gross debt-to-equity at just 0.08x and net debt at -₹1,514 Cr (net cash) as of March 2026, providing strong financial flexibility
  • Aggressive capacity ramp: installed capacity expanded from 5.71 MTPA in FY21 to 16.78 MTPA in FY26, with a clear roadmap to 27 MTPA by FY31 via a ₹10,000 Cr+ pending capex pipeline
  • Healthy revenue momentum: FY26 consolidated revenue of ₹18,552 Cr, up 22% YoY, with a 5-year compounded sales CAGR of 24%
  • Self-funded growth: all major capex funded through internal accruals with no increase in net debt, preserving balance sheet strength during peak investment phase
  • High promoter conviction: promoter holding stands at 74.59%, signalling strong insider alignment
  • Diversification into higher-value segments: entry into stainless steel, aluminium, cold rolling, and wagon manufacturing broadens the revenue mix beyond long steel
  • Stock has delivered a 3-year price CAGR of 35% and 5-year CAGR of 22%, reflecting sustained re-rating by the market
Bear Case 7
  • Modest return on equity: 3-year average ROE of only ~10%, indicating the large capex base has not yet translated into proportionally higher shareholder returns
  • Elevated valuation: P/B of 2.63x is rich for a metals company generating just 10% ROE, implying the stock prices in significant future improvement
  • Profit growth has lagged revenue: 5-year compounded profit CAGR of only 5% versus 24% sales CAGR, pointing to margin compression over the cycle
  • Low dividend payout: only 12.5% of profits distributed as dividends over the last 3 years, with a current yield of just 0.17%, offering minimal income return
  • FY25 PAT declined 11.6% YoY to ₹909 Cr due to acquisition-related adjustments, highlighting earnings volatility around inorganic moves
  • Large pending capex of ₹10,000 Cr+ carries execution risk across multiple new segments (aluminium, stainless steel, wagons) where the company has limited operating history
  • Cyclical sector exposure: steel and metal prices are inherently volatile, and FY26 EBITDA margin of 12.6% can compress sharply in a downturn

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 2h ago
Positives 3
  • Flat steel volumes surge 114% Sep 7

    Carbon Steel (Flat) volumes surged 114.14% YoY to 29,262 MT in August 2026. Stainless Steel realisations also jumped 45.51% YoY to ₹1,83,032 per MT.

  • Aluminium & alloys growth strong Sep 7

    Aluminium Foil volumes rose 27.41% YoY as the new Sambalpur plant stabilises, while Speciality Alloys volumes grew 27.97% YoY with a 23.44% rise in realisations.

  • AGM approves dividend & funding Aug 25

    The 24th AGM approved a ₹2.70 final dividend for FY26 and sought shareholder approval for ₹4,500 crore in fresh fund-raising to support expansion.

Neutral 1
  • ESG rating of 48 received Sep 3

    Shyam Metalics received a voluntary ESG rating of 48 from ESG Risk Assessments and Insights Limited, based solely on publicly available data without company engagement.

TL;DR: Shyam Metalics is firing on multiple cylinders with strong YoY volume and realisation growth across flat steel, stainless steel, aluminium foil, and speciality alloys in August 2026. The ₹4,500 crore fundraise signals aggressive capacity expansion ahead. No material headwinds are visible in recent news, though execution on the fundraise and sustained demand will be key to watch. The near-term trend is clearly improving with broad-based operational momentum.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
3,333
2,941
3,315
3,606
3,612
3,634
3,756
4,139
4,419
4,467
4,421
5,240
5,455
Expenses
2,919
2,634
2,908
3,165
3,124
3,225
3,301
3,624
3,839
3,928
3,934
4,513
4,690
Operating Profit
414
307
407
442
488
409
456
515
580
539
487
727
765
OPM %
12%
10%
12%
12%
14%
11%
12%
12%
13%
12%
11%
14%
14%
Other Income
30
38
40
51
51
72
51
54
54
69
52
29
47
Interest
37
35
40
22
29
30
41
44
40
50
51
51
78
Depreciation
158
177
182
139
136
144
203
229
205
211
218
249
265
PBT
249
133
226
332
374
307
263
297
389
347
270
456
469
Tax %
19%
-261%
44%
34%
26%
30%
25%
26%
25%
25%
27%
32%
25%
Net Profit
202
482
126
220
276
216
197
220
291
260
198
312
351
EPS in Rs
8
18.98
4.99
7.76
9.89
7.72
7.08
7.84
10.47
9.38
7.07
11.43
12.36
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
3,747
4,606
4,376
6,297
10,394
12,658
13,195
15,159
18,552
19,584
Expenses
3,034
3,656
3,710
4,903
7,793
11,159
11,625
13,293
16,219
17,066
Operating Profit
714
950
666
1,394
2,601
1,499
1,570
1,866
2,333
2,519
OPM %
19%
21%
15%
22%
25%
12%
12%
12%
13%
13%
Other Income
68
73
12
24
59
105
159
231
204
197
Interest
49
64
86
62
23
93
133
144
192
231
Depreciation
215
195
297
300
272
474
656
711
882
942
PBT
517
764
295
1,055
2,364
1,037
940
1,241
1,462
1,543
Tax %
-2%
17%
-15%
20%
27%
19%
-9%
27%
28%
—
Net Profit
528
637
340
844
1,724
843
1,029
909
1,060
1,120
EPS in Rs
90.83
25.86
14.56
36.1
67.61
33.43
37.07
32.53
38.34
40.24
Div. Payout %
0%
0%
0%
14%
7%
5%
12%
14%
12%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
47
234
234
234
255
255
278
278
278
Reserves
1,807
2,256
2,593
3,400
5,580
7,021
9,369
10,275
11,245
Borrowings
568
729
1,114
796
543
1,172
597
789
1,005
Other Liabilities
1,049
834
1,121
990
2,047
3,147
4,150
4,977
7,538
Total Liabilities
3,471
4,052
5,062
5,420
8,425
11,595
14,393
16,320
20,066
Fixed Assets
1,747
1,774
2,012
1,802
2,455
3,311
3,995
6,357
8,134
CWIP
91
358
235
506
768
2,769
3,764
2,708
2,792
Investments
195
274
144
282
1,036
1,474
2,262
2,118
1,582
Other Assets
1,437
1,647
2,670
2,829
4,166
4,041
4,372
5,137
7,558
Total Assets
3,471
4,052
5,062
5,420
8,425
11,595
14,393
16,320
20,066
Figures in ₹ Crores

Cash Flow

Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
247
457
-91
1,056
1,561
1,518
1,794
1,713
2,024
Investing
-118
-567
-420
-499
-1,800
-1,944
-2,762
-1,654
-1,939
Financing
-162
112
531
-423
167
424
916
-36
-50
Net Cash Flow
-33
2
20
134
-72
-1
-51
24
34
Free Cash Flow
144
-32
-655
695
621
-386
-93
-435
-614
CFO/OP
51
66
-5
89
82
117
126
94
101
Figures in ₹ Crores

Ratios

Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
36
17
13
31
13
18
20
19
18
Inventory Days
86
96
203
98
119
90
84
100
123
Days Payable
69
41
79
35
69
63
91
97
133
Cash Conversion Cycle
53
72
136
94
63
45
12
22
8
Working Capital Days
30
36
65
45
53
-1
3
1
-11
ROCE %
—
28%
11%
27%
44%
15%
11%
12%
13%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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Shareholding Pattern

FIIs2.97%Promot.74.59%Others3.13%Public5.56%DIIs13.75%As ofJun 2026

Documents

Frequently Asked Questions about Shyam Metalics & Energy

What does Shyam Metalics & Energy Ltd do?
Shyam Metalics is primarily engaged in the manufacturing of steel and allied products including pellets, sponge iron, TMT and long products, ferro alloys and generation of power.[1]
Where is Shyam Metalics & Energy Ltd (SHYAMMETL) listed?
Shyam Metalics & Energy Ltd trades as SHYAMMETL on the NSE and under code 543299 on the BSE.
Which sector does Shyam Metalics & Energy Ltd belong to?
Shyam Metalics & Energy Ltd is classified under the Industrials sector, in the Industrial Products industry.
What is the market capitalisation of Shyam Metalics & Energy Ltd?
Shyam Metalics & Energy Ltd has a market capitalisation of ₹29,970 Cr, which places it in the Large Cap band.
What is the PE ratio of Shyam Metalics & Energy Ltd?
Shyam Metalics & Energy Ltd trades at a PE ratio of 26.71, on earnings per share of ₹39.63, against a book value of ₹412.84 per share.
What is the 52-week high and low of Shyam Metalics & Energy Ltd?
Over the last 52 weeks Shyam Metalics & Energy Ltd has traded between ₹746 and ₹1,111.
Does Shyam Metalics & Energy Ltd pay dividends?
Shyam Metalics & Energy Ltd has a dividend yield of 0.17%.
What is the Return on Equity (ROE) of Shyam Metalics & Energy Ltd?
Shyam Metalics & Energy Ltd reported a return on equity of 8.58%. Its debt-to-equity ratio is 0.09.

Company Information

Shyam Metalics is primarily engaged in the manufacturing of steel and allied products including pellets, sponge iron, TMT and long products, ferro alloys and generation of power.[1]

Website shyammetalics.com
Listed 2021-06-24
Face Value ₹ 10
Issued Size 27,91,31,853

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