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Shyam Metalics & Energy Ltd share Price

Company details

437.40
449.20
254.55
494.35
6M Return 62.07%
1Y Return 54.81%
Mkt Cap.(Cr) 11,238.87
Volume 1,288,315
Div Yield 0.41%
OI
-
OI Chg %
-
Volume 1,288,315

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Iron & Steel/Intermediate Products company Shyam Metalics and Energy announced Q1FY24 results:

  • Revenues of Rs 3,307 crore in Q1FY24 compared to Rs 3,223 crore in Q1FY23, up 3% YoY 
  • EBITDA of Rs 405 crore in Q1FY24 compared to Rs 607 crore in Q1FY23, down 33% YoY
  • EBITDA Margins of 12.2% in Q1FY24 compared to 18.8% in Q1FY23
  • Profit After Tax of Rs 235 crore in Q1FY24 compared to Rs 414 crore in Q1FY23, down 43% YoY
  • PAT Margins of 7.1% in Q1FY24 compared to 12.8% in Q1FY23

Commenting on the Results, Brij Bhushan Agarwal, Vice Chairman & Managing Director said, “We are encouraged by the upward trajectory in sales of finished steel, with a robust 36% growth in volumes year on year. The company is progressing as per the strategic roadmap envisaged. Shyam Metalics strives to stay ahead of the curve and will continue to pursue growth, profitability, and sustainability. Today our board has approved a significant capex plan of Rs 3,915 crore, which will enable us to enhance our capacities further. Our present finished steel capacity of 2.7 MTPA will grow to 4.4 MTPA. Cost advantage will be retained even with capacity expansion as we will grow our captive power generation from 377 MW to 597 MW. Sustainability is our top priority, the renewable energy portfolio be enhanced more than tenfold, growing from existing 9.1 MW to 109.1 MW.

As the favourable demand environment stays strong in India, we are energized and progressing towards a more enriched product mix and higher volumes, and consequently, a much stronger company in the coming years ”

 

 

Result PDF

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FINANCIALS

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Operating Profit
Profit after Tax
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Shyam Metalics & Energy Ltd Stocks COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 7,162.45 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 15,612.36 -19,132.24
LAST 3M 53,075.98 -4,241.70
LAST 6M 58,662.39 138,824.89
LAST 12M 133,944.68 162,473.45

Shyam Metalics & Energy Ltd Information

Stock PE (TTM)
16.5
Promoter Holding
88.35%
Book Value
280.7916
ROCE
14.98%
ROE
13.06%
Description
  • Shyam Metalics and Energy Limited was originally incorporated as Shyam DRI & Power Limited on 10 December 2002 at Kolkata, West Bengal and later changed to Shyam Metalics and Energy Limited on 05 January 2010. The Company is amongst the largest producers of ferro alloys in terms of installed capacity and the fourth-largest player in the sponge iron industry. The company is engaged in production of long steel products such as iron pellets, sponge iron, steel billets, TMT, structural products, wire rods, and ferro alloys. It offers ferro chrome, ferro manganese, silico manganese, pig iron, angle, channels,beam ,TMT bars, HT billets, special steel billets, sponge iron and iron pellets. It has an integrated steel plant in Odisha and its presence in wind power sector in Maharashtra. It has 3 manufacturing plants,one in Odisha and 2 in West Bengal. The aggregate installed metal capacity of manufacturing plants is 11.60 MTPA. The manufacturing plants include captive power plants with an aggregated installed capacity of 357 MW. Pursuant to Scheme of Amalgamation of Jhawar Metacast & Engineers Pvt. Ltd. and Manush Vinimay Pvt. Ltd. with the Company, as approved by the High Court of Calcutta by Order dated 29 July 2010, the Shareholders of Jhawar Metacast & Engineers Pvt. Ltd. were allotted equity shares of the Company in the ratio of 1:3, and the shareholders of Manush Vinimay Pvt. Ltd. were allotted equity shares of the Company in the ratio of 1:1. Accordingly,1,393,367 Equity Shares were allotted to Subham Capital Private Limited and 1,468,950 Equity Shares were allotted to Subham Buildwell Pvt. Ltd. Pursuant to the scheme of amalgamation of Ponni Trexim Private Limited Eskay Business Private Limited and Nandlal Tie-Up Private Limited with the Company, as approved by the High Court of Calcutta by order dated 11 June 2014, the shareholders of Ponni Trexim Pvt. Ltd. were allotted two Equity Shares of the Company for every five equity shares of Ponni Trexim, the shareholders of Eskay Business Pvt. Ltd. were allotted one Equity Share in the Company for every four equity shares in Eskay Business Pvt. Ltd., and shareholders of Nandlal Tie-Up Pvt. Ltd. were allotted nine Equity Shares in the Company for every four equity shares of Nandlal Tie-up Pvt. Ltd. Accordingly, 1,470,536 Equity Shares were allotted to shareholders of Ponni Trexim Pvt. Ltd., 927,075 Equity Shares were allotted to shreholders of Eskay Business Pvt. Ltd., and 3,245,625 Equity Shares were allotted to shareholders of Nandlal Tie-Up Pvt. Ltd. Pursuant to the scheme of amalgamation, of Inforev Software Private Limited and Amazing Vinimay Private Limited with the Company, as approved by the High Court of Calcutta by order dated 03 October 2016, shareholders of Inforev Software Pvt Ltd. were allotted Equity Shares of the Company in the ratio 1:3 and shareholders of Amazing Vinimay Private Limited were allotted Equity Shares in the Company in the ratio 7:4. Accordingly, 42,333 Equity Shares were allotted to Dorite Tracon Pvt. Ltd., 4,333 Equity Shares were allotted to Parichay Tradelinks Pvt. Ltd., 93,666 Equity Shares were allotted to Brij Bhushan Agarwal, 4,666 Equity Shares were allotted to Kejariwal Mercantiles Company Pvt. Ltd., 3,666 Equity Shares were allotted to Seven Star Trades & Services Pvt. Ltd., 9,000 Equity Shares were allotted to Tulsi Vanijya Pvt. Ltd., 7,333 Equity Shares were allotted to Vaishno Trades & Services Pvt. Ltd., 5,333 Equity Shares were allotted to Vicky Marketing Services Pvt. Ltd., 64,333 Equity Shares were allotted to Narantak Dealcomm Limited, 71,000 Equity Shares were allotted to Subham Capital Private Limited, 6,666 Equity Shares were allotted to Wellman Tie-Up Pvt. Ltd., 9,333 Equity Shares were allotted to Accurate Dealmark Pvt. Ltd., 918,312 Equity Shares were allotted to Sonata Retails Pvt. Ltd., 905,187 Equity Shares were allotted to Sonata Traders Pvt. Ltd., and 940,626 Equity Shares were allotted to Sonata Dealtrade Pvt. Ltd. On 30 March 2017,the company has allotted 375000 equity shares of Rs 10 each at a price of Rs 186 per share on preferential basis. On 20 June 2018,the company has allotted 186888080 bonus equity shares to the shareholders in the ratio of 4:1. As on 31 March 2021,the company has 5 direct subsidiaries and 7 second layer subsidiaries.The company also having 3 associate companies and one joint venture company under its roof. During the year 2021-22, M/s. Damodar Aluminium Private Limited, M/s. Singhbhum Steel & Power Private Limited and M/s. Renaissance Hydro Power Private Limited ceased to be subsidiaries effective from 09 September 2021 respectively. It acquired 90% stake in Shree Venketeshwara Electrocast Pvt Ltd. It commissioned an Aluminium Foil plant at Pakuria, West Bengal. It acquired Kolkata based Ramsarup Industries Limited.

Registered Address

Trinity Tower, 83 Topsia Road 7th Floor, Kolkata, West Bengal, 700046

Tel : 91-33-40164000/01
Email : compliance:shyamgroup.com
Website : http://www.shyammetalics.com
Registrar

KFin Techologies Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 543299
NSE Code : SHYAMMETL
Book Closure Date (Month) :
BSE Group : A
ISIN : INE810G01011

FAQ’s on Shyam Metalics & Energy Ltd Shares

You can buy Shyam Metalics & Energy Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Shyam Metalics & Energy Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Oct 04, 2023 03:59 PM the closing price of Shyam Metalics & Energy Ltd was ₹ 440.60.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Oct 04, 2023 03:59 PM, the market cap of Shyam Metalics & Energy Ltd stood at ₹ 11,238.87.

The latest PE ratio of Shyam Metalics & Energy Ltd as of Oct 04, 2023 03:59 PM is 16.5

The latest PB ratio of Shyam Metalics & Energy Ltd as of Oct 04, 2023 03:59 PM is 0.64

The 52-week high of Shyam Metalics & Energy Ltd is ₹ 494.35 while the 52-week low is ₹ 254.55

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