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Shyam Metalics & Energy

SHYAMMETL NSE
₹1,231.40 No trade today
P/E
30.60
View as Markdown
MCP
Close 4 Nov 2026 ₹1,231.40 +392.10 +46.7% 1Y
Start ₹839.30

Key Fundamentals

SmallcapIndustrial ProductsCapital Goods

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
13.00%
Debt to Equity
0.09
EPS (TTM)
₹40.24
Book Value
₹442.42
Market Cap
—
P/E (TTM)
30.60
P/B
2.78
ROE
9.70%
Dividend Yield
0.15%
EBITDA
₹2,537 Cr
52W High
₹1,257.00
52W Low
₹746.00
Volume
0

Peer Comparison

Industrials › Industrial Products › Iron & Steel Products

Shyam Metalics & Energy peer comparison
Welspun Corp
₹2,400.0027.41₹60,980 Cr5.960.22%19.40%22.90%₹17,300 Cr₹2,319 Cr
APL Apollo Tubes
₹2,199.8049.69₹60,246 Cr10.640.39%25.40%31.80%₹23,065 Cr₹1,229 Cr
Shyam Metalics & Energy (this company)
₹1,231.4030.60₹34,478 Cr2.780.15%9.70%13.00%₹19,584 Cr₹1,121 Cr
Ratnamani Metals & Tubes
₹2,449.4039.67₹17,025 Cr4.180.42%12.60%17.90%₹4,314 Cr₹514 Cr
Jindal SAW
₹253.2229.51₹15,754 Cr1.280.81%8.20%10.40%₹18,501 Cr₹498 Cr
Usha Martin
₹486.0029.21₹14,245 Cr4.490.81%15.10%19.50%₹3,837 Cr₹508 Cr
Gallantt Ispat
₹529.1529.28₹12,939 Cr3.660.38%15.60%18.20%₹4,437 Cr₹436 Cr
Median 7 companies₹1,231.4029.51₹17,025 Cr4.180.39%15.10%18.20%₹17,300 Cr₹514 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

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

Overall score

57 Good

Data confidence 100/100

Category scores

Quality
55
Average
Returns, margins, earnings quality 22% weight
Valuation
66
Good
Cheap vs sector & own history 24% weight
Growth
68
Strong
Sales & profit trajectory 9% weight
Financial Health
30
Poor
Solvency, leverage, coverage 9% weight
Momentum
78
Strong
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company is almost debt free.

Weaknesses

3
  • Stock is trading at 2.88 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

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish1513
OscillatorsBullish153
Moving AveragesStrong Bullish0010

Key readings

RSI (14)
67.45
Neutral
MACD (12,26,9)
31.21
Bullish
SMA (50)
1,101.25
Bullish
SMA (200)
953.44
Bullish

As of

Analyst Rating

Based on 8 analysts
BUY88%

7 of 8 analysts rate Buy, 1 Hold, 0 Sell.

As of

BUY
7
88%
HOLD
1
13%
SELL
0
0%

Growth Rate

From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
5Y+24.12%
3Y+13.59%
1Y+22.38%
TTM+22.79%

Net profit

Net profit growth by window
5Y+4.66%
3Y+7.93%
1Y+16.61%
TTM+21.32%

Operating cash flow

Operating cash flow growth by window
5Y+13.90%
3Y+10.06%
1Y+18.16%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
5Y−9.56 pp
3Y+0.74 pp
1Y+0.27 pp
TTM+0.57 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2018₹3,747 Cr
Mar 2019₹4,606 Cr
Mar 2020₹4,376 Cr
Mar 2021₹6,297 Cr
Mar 2022₹10,394 Cr
Mar 2023₹12,658 Cr
Mar 2024₹13,195 Cr
Mar 2025₹15,159 Cr
Mar 2026₹18,552 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2018₹528 Cr
Mar 2019₹637 Cr
Mar 2020₹340 Cr
Mar 2021₹844 Cr
Mar 2022₹1,724 Cr
Mar 2023₹843 Cr
Mar 2024₹1,029 Cr
Mar 2025₹909 Cr
Mar 2026₹1,060 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EBITDA
₹945 Cr +10.3% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 4 Nov 2026
AI opinion · based on fundamentals
Risk medium

As of 2026-11-04, Shyam Metalics & Energy Ltd trades at ₹1,231.40 with a market cap of ₹34,478 crore, commanding a P/E of 30.6x and a P/B of 2.78x. The company is nearly debt-free with a debt-to-equity ratio of 0.09, while TTM sales and profit growth stand at 23% and 22% respectively, though return on equity at 8.58% remains modest relative to its valuation.

Bull Case 7
  • The company is virtually debt-free with a debt-to-equity ratio of just 0.09, providing significant financial flexibility and resilience through commodity cycles.
  • TTM revenue growth of 23% and TTM profit growth of 22% indicate strong recent momentum in both top-line and bottom-line performance.
  • Compounded sales growth of 24% over 5 years demonstrates a sustained ability to scale operations meaningfully over a longer horizon.
  • The stock has delivered a 1-year CAGR of 32% and a 3-year CAGR of 39%, reflecting strong investor confidence and price momentum.
  • Trading at ₹1,231.40 against a 52-week low of ₹746, the stock has appreciated roughly 65% from its trough, signalling sustained demand from market participants.
  • Compounded sales growth of 14% over 3 years shows consistent revenue expansion even when viewed over a medium-term window.
  • ROCE of 12.95% is reasonable for a capital-intensive industrial products company and suggests the business generates adequate returns on deployed capital.
Bear Case 7
  • Return on equity stands at just 8.58% on a TTM basis and has averaged only 10% over 3 years, which is low relative to the premium valuation the stock commands.
  • The stock trades at 2.78x book value, which is rich for a cyclical industrial business and prices in significant future growth.
  • Dividend yield of just 0.15% and a payout ratio of only 12.5% of profits over the last 3 years mean shareholders receive minimal cash returns.
  • Compounded profit growth of only 5% over 5 years suggests that the recent 22% TTM profit surge may not be representative of the long-term earnings trajectory.
  • The 3-year compounded profit growth of 9% lags the 3-year compounded sales growth of 14%, indicating margin compression or rising costs over that period.
  • At ₹1,231.40, the stock is near its 52-week high of ₹1,257, leaving just about 2% headroom before reaching prior resistance levels.
  • 5-year average ROE of 14% has declined to 10% over the last year, pointing to a deteriorating trend in equity efficiency despite revenue growth.

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

AI News Digest

9h ago

TL;DR: Shyam Metalics is executing well on volume growth, with Q2FY27 metallics and flat steel volumes posting strong double-digit YoY gains. Backward integration is being bolstered by the 170-million-tonne Phutamura coal block acquisition. The subsidiary merger is a housekeeping positive that unlocks tax efficiencies. No material headwinds surfaced in recent news, and the operational trajectory appears to be improving heading into H2FY27.

Positives 2
  • Metallics & flat steel volume surge Oct 6

    Q2FY27 metallics volumes surged 54.89% YoY and Carbon Steel (Flat) volumes jumped 164.38% YoY, signaling strong capacity utilization and demand.

  • Phutamura coal block secured Oct 13

    Shyam Metalics invested in Alom Solar to secure mining rights for the Phutamura Coal Block in Chhattisgarh with 170 million tonnes of reserves, strengthening backward integration and long-term fuel security.

Neutral 1
  • Subsidiary merger gets NCLT approval Oct 23

    NCLT Kolkata approved the merger of Shree Venkateshwara Electrocast into Shyam Sel and Power on October 16, 2026, effective retroactively from April 1, 2024. Section 72A enables absorption of accumulated losses, creating a tax shield; no new shares were issued.

Quarterly Results

₹ Cr
SHYAMMETL quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 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
5,960
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
5,137
Operating Profit
414
307
407
442
488
409
456
515
580
539
487
727
765
823
OPM %
12%
10%
12%
12%
14%
11%
12%
12%
13%
12%
11%
14%
14%
14%
Other Income
30
38
40
51
51
72
51
54
54
69
52
29
47
34
Interest
37
35
40
22
29
30
41
44
40
50
51
51
78
89
Depreciation
158
177
182
139
136
144
203
229
205
211
218
249
265
110
PBT
249
133
226
332
374
307
263
297
389
347
270
456
469
658
Tax %
19%
−261%
44%
34%
26%
30%
25%
26%
25%
25%
27%
32%
25%
22%
Net Profit
202
482
126
220
276
216
197
220
291
260
198
312
351
511
EPS (₹)
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
—

Sep 2026: from the results filed on 31 Oct 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
SHYAMMETL profit and loss, annual, ₹ crore
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 (₹)
18.17
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%
—

Balance Sheet

₹ Cr
SHYAMMETL balance sheet, annual, ₹ crore
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

Cash Flow

₹ Cr
SHYAMMETL cash flow, annual, ₹ crore
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/EBITDA
51
66
−5
89
82
117
126
94
101

Ratios

SHYAMMETL financial ratios, annual
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

Log in to view Shyam Metalics & Energy insights

65 extracted metrics across FY18–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 74.59%
  • DIIs 11.15%
  • FIIs 5.29%
  • Public 4.77%
  • Others 4.21%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

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.
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 Industrial Products sector, in the Iron & Steel Products industry.
What is the PE ratio of Shyam Metalics & Energy Ltd?
Shyam Metalics & Energy Ltd trades at a PE ratio of 30.60 as of 4 Nov 2026, on earnings per share of ₹40.24, against a book value of ₹442.42 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 ₹1,257 as of 4 Nov 2026.
Does Shyam Metalics & Energy Ltd pay dividends?
Shyam Metalics & Energy Ltd has a dividend yield of 0.15%.
What is the Return on Equity (ROE) of Shyam Metalics & Energy Ltd?
Shyam Metalics & Energy Ltd reported a return on equity of 9.70%. 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.

Website shyammetalics.com
Listed 24 Jun 2021
Face Value ₹10

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