NSE: SHYAMMETL · BSE: 543299 · ISIN INE810G01011
Shyam Metalics and Energy Limited stock analysis
Shyam Metalics and Energy Limited ranks #931 in the TickerSutra evidence-ranked universe with a score of 58/100 and 93% data confidence. The latest captured fundamentals show ROCE of 13.0%, quarterly sales growth of 23.4% and quarterly profit growth of 18.1%.Monitor only
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Low debt/equity of 0.09×
- Strong CFO/EBITDA of 0.87×
- Institutional ownership is rising
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- No calculated threshold risk in the current snapshot.
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹10,394cr | ₹2,601cr | ₹1,724cr | 25.0% |
| 2023 | ₹12,658cr | ₹1,499cr | ₹843cr | 12.0% |
| 2024 | ₹13,195cr | ₹1,570cr | ₹1,029cr | 12.0% |
| 2025 | ₹15,159cr | ₹1,866cr | ₹909cr | 12.0% |
| 2026 | ₹18,552cr | ₹2,333cr | ₹1,060cr | 13.0% |
| TTM | ₹19,584cr | ₹2,519cr | ₹1,120cr | 13.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Intimation of Trading Window Closure for the Financial Results of Quarter and Half Year ended 30th September, 2026
RoutineGeneral UpdatesNSE · 28 Sept 2026Shyam Metalics And Energy Limited has informed the Exchange about Intimation of Exercise of Options by Eligible Employees under SMEL ESOP II - 2023
RoutineShyam Metalics and Energy Ltd - 543299 - Intimation Of Exercise Of Options By Eligible Employees Under SMEL ESOP II - 2023BSE · 28 Sept 2026Pursuant to the Vesting of Options on 27th September, 2026, 4 Eligible Employees has exercised their options under SMEL Loyalty ESOP Scheme (ESOP II - 2023).
RoutineGeneral UpdatesNSE · 27 Sept 2026Shyam Metalics And Energy Limited has informed the Exchange about intimation of vesting of options under SMEL Employee Stock Incentive Plan- 2023
RoutineShyam Metalics and Energy Ltd - 543299 - Intimation Of Vesting On Completion Of 3Rd Year Of Grant Under SMEL Employee Stock Incentive Plan -2023BSE · 27 Sept 2026Intimation of Vesting on completion of 3rd year of Grant under SMEL Employee Stock Incentive Plan- 2023
MANAGEMENT COMMENTARY
Signals from filed documents
At the same time, long-term demand remained supported by infrastructure development, renewable energy, electric mobility, industrial manufacturing and supply-chain diversification. Integrated metal producers with diversified product portfolios, captive power, backward integration and cost-efficient operations remained better positioned to manage this volatility. GDP Growth (%) Y ear World Advanced Economies Emerging
As these projects ramp up, we expect a meaningful improvement in earnings quality, profitability and capital efficiency. We remain confident of delivering a 600 to 700 basis point improvement in return on equity and return on capital by 2031, supported by higher utilization, richer value-added product portfolio and increasing contributions from our downstream businesses. As we move forward, we remain confident about
The Company also implements Zero Liquid Discharge (ZLD) systems at all plants to ensure thorough wastewater treatment in compliance with applicable standards and regulations. Negative, as the Company may incur higher costs due to water scarcity—such as increased prices and supply interruptions—as well as expenses related to wastewater treatment and regulatory compliance. 12 Air pollution Risk Failure to effectively m
Opportunities Rising investments in infrastructure, railways, housing, industrial corridors and manufacturing are expected to support long- term domestic steel demand. Growing demand for speciality steel, stainless steel, ferro alloys and value- added downstream products creates opportunities for margin improvement and portfolio diversification. Expansion of renewable energy, electric mobility, battery manufacturing,
The emphasis on premium offerings enhances differentiation and supports sustainable profitability. GLOBAL STEEL PRICING AND IMPORT PRESSURE RISK Elevated steel exports from global markets, particularly China, and changing trade flows may create pricing pressure in domestic and international markets, affecting realisations and margins. The Company mitigates this risk through product diversification, increased focus on
The commissioning of a downstream heat treatment process further enhances its capability to manufacture specialised, high-value aluminium foil products. MANGALPUR , West Bengal A specialised production unit with an aggregate capacity of 0.1 MTPA, complementing our integrated network and enhancing operational flexibility across the diversified product portfolio. SAMBALPUR , Odisha A fully integrated manufacturing hub
China, which accounts for over half of global steel output, saw domestic consumption decline for the third consecutive year as its property sector continued to contract and construction activity weakened. With production capacity far exceeding internal requirements, Chinese steel exports rose to an all-time high of 119 million tonnes in CY25, as producers redirected surplus output to international markets at prices t
8 Aluminium Scrap Recycling Integrated aluminium scrap into foil manufacturing to promote circularity and reduce reliance on virgin materials. Promoted circular economy; lowered raw material cost and environmental footprint in aluminium value chain. 9 Cooling System Optimisation New cooling system at Jamuria reduced water and electricity usage, contributing to process optimisation and sustainability.
This configuration strengthens cost competitiveness, enhances operating reliability and provides the flexibility to serve both captive and merchant demand across product categories. In FY26, the Company accelerated its platform build-out through capacity expansion, downstream integration and a sharper focus on value-added products. Its growing presence in cold rolled products, stainless steel, aluminium foil, special
Under Vision 2031, the Company has outlined a clear roadmap to scale revenue to I42,500 crore plus (2.3x), supported by an aggregate capacity expansion from 16.78 million tonnes to 27 million tonnes and a I10,155 crore capital expenditure programme, funded entirely through internal accruals. EBITDA margins are targeted to improve by 200-300 basis points as the product mix shifts towards higher-value categories and op
The drivers were operational, not cyclical: higher utilisation across Jamuria facilities, a more favourable product mix as value-added volumes grew, and progressive normalisation of input costs as procurement systems aligned with new production configurations. The Q4 run-rate is the best current indication of underlying earnings capacity before the next wave of commissioned capacity — SBQ mill and stainless steel dow
All communications regarding share certificates, change of address, dividends, etc. Transfer of shares in electronic form were processed and approved by NSDL and CDSL through their Depository Participant without the involvement of the Company. Special Window for re-lodgement of transfer requests of Physical Shares In accordance with SEBI Circular dated 2nd July, 2025, a Special Window was opened from 7 th July, 2025
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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