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Shyam Metalics & Energy Ltd share Price Today

Company details

651.55
675.95
333.25
737.80
6M Return 29.30%
1Y Return 97.30%
Mkt Cap.(Cr) 18,749.30
Volume 1,419,376
Div Yield 0.41%
OI
-
OI Chg %
-
Volume 1,419,376

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Iron & Steel Products company Shyam Metalics and Energy announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Revenues increased to 3,606 crore, up by 5.2% compared to Q4FY23.
  • Operating EBITDA reached 442 crore, showing a 3.5% increase YoY.
  • EBITDA stood at 493 crore, reflecting a significant 9.6% growth compared to the same quarter last year.
  • Profit After Tax (PAT) declined to 220 crore, marking a decrease of 13.4% compared to Q4FY23.

FY24 Financial Highlights:

  • Revenues for the fiscal year amounted to 13,195 crore, showing a growth of 4.2% compared to FY23.
  • Operating EBITDA for FY24 reached 1,570 crore, indicating a 4.7% increase YoY.
  • EBITDA stood at 1,729 crore, demonstrating a substantial 7.8% growth compared to the previous fiscal year.
  • Profit After Tax (PAT) surged to 1,029 crore, marking a significant rise of 21.9% compared to FY23.

Commenting on the Results, Brij Bhushan Agarwal, Vice Chairman & Managing Director said “In the light of the challenges faced by the industry, I am happy to announce our commendable performance in FY24. Our Revenues and profitability increase reflects our sustained financial strength and strategic prowess. Our product mix continues to improve with higher contribution from our key products. We continue to stay on course with our growth plans.

In enhancing our capacities further, the board has approved expansion plans into new metals - Stainless Steel Wire Rods & Stainless Steel Bright Bars and Aluminium Foil with total investments of Rs 810 crores which will be funded through internal accruals. This would further boost our revenues and margins in forthcoming years. Looking ahead, we remain resolute in our commitment to delivering sustained growth and value to our stakeholders.“

Result PDF

View Other Company Results

Shyam Metalics & Energy Ltd shares SWOT Analysis

Strengths (7)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Company with Low Debt

Weakness (6)

  • Promoter holding decreased by more than -2% QoQ
  • MFs decreased their shareholding last quarter
  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years

Opportunity (3)

  • Highest Recovery from 52 Week Low
  • RSI indicating price strength
  • High Volume, High Gain

Threats (2)

  • Promoter decreasing their shareholding
  • Increasing Trend in Non-Core Income

Resistance and support

R1 681.3
R2 690.8
R3 705.7
Pivot

666.40

S1 656.9
S2 642.0
S3 632.5
EMA SMA
627.4
620.5
608.7
562.8
626.1
617.2
631.3
566.2
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SHYAM METALICS EMPLOYEES WELFARE TRUST Block Purchase 2023-09-22 430 1093286 NSE
NARANTAK DEALCOMM LTD. Block Sell 2023-09-22 430 1093286 NSE
SETU SECURITIES PRIVATE LIMITED Bulk Sell 2023-09-12 441.69 1608159 NSE
Name Category Shares
BRIJ BHUSHAN AGARWAL PROMOTER 8.34%
BRIJ BHUSHAN AGARWAL & SONS PROMOTER 0.81%
SUBHAM BUILDWELL PVT LTD PROMOTER 21.86%
NARANTAK DEALCOMM LIMITED PROMOTER 15.48%
SUBHAM CAPITAL PVT LTD PROMOTER 14.61%
KALPATARU HOUSEFIN AND TRADING PRIVATE LTD PROMOTER 7.67%
DORITE TRACON (P) LTD PROMOTER 5.09%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Shyam Metalics & Energy Ltd Stocks COMPARISON

Financials( in Cr) Shyam Metalics & Energy Ltd JSW Steel Ltd Tata Steel Ltd Jindal Steel & Power Ltd Tube Investments of India Ltd
Price 671.70 925.35 181.12 1,034.25 4,363.25
% Change 2.82 0.46 -1.11 -1.73 1.31
Mcap Cr 18,749.30 226,290.09 226,101.73 105,502.60 84,386.13
Revenue TTM Cr 12,610.18 165,960.00 243,352.69 53,211.52 14,964.73
Net Profit TTM Cr 848.41 4,139.00 8,075.35 3,974.09 1,325.06
PE TTM 17.63 26.72 0.00 18.06 125.33
1 Year Return 97.30 19.73 59.16 91.32 53.95
ROCE 14.98 8.60 12.10 14.17 33.06
ROE 13.06 6.22 7.48 13.27 37.40
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 7,162.45 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 32,550.52 645.34
LAST 3M 103,712.87 -29,605.88
LAST 6M 176,931.00 -14,371.69
LAST 12M 290,309.13 100,312.35

Shyam Metalics & Energy Ltd Information

Stock PE (TTM)
17.63
Promoter Holding
74.59%
Book Value
345.6346
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, and Wire Rods. 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. On 23rd May, 2022, Shyam Sel and Power Limited (Wholly owned Subsidiary of the Company) had acquired 366000 (60%) Equity Shares of S S Natural Resources Pvt. Ltd. and S S Natural Resources Pvt. Ltd. became a subsidiary of Shyam Sel and Power Limited. 50,00,000 Equity Shares were issued to S S Natural Resources Pvt. Ltd. on 5th May, 2022, by virtue of which, Ramsarup Industries Limited became a Wholly-owned subsidiary of S S Natural Resources Pvt. Ltd. Since S S Natural Resources Pvt. Ltd became a subsidiary of Shyam Sel and Power Limited on 23 May, 2022, therefore, Ramsarup Industries Ltd. became step-down subsidiary of Shyam Sel and Power Limited. On 14 February, 2023, Shyam Sel and Power Limited (Wholly owned Subsidiary of the Company) had acquired 10000 (100%) Equity Shares of Shyam Metalics Flat Product Pvt. Ltd. Subsequent to which Shyam Metalics Flat Product Pvt. Ltd. became a subsidiary of Shyam Sel and Power Limited. Shaym Metalics International DMCC was incorporated on 17 August, 2022 in Dubai (UAE) as the Wholly Owned Subsidiary of Shyam Sel and Power Ltd. In 2023, Company increased TMT bar capacity from 904 KTPA to 1674 KTPA following the commissioning of a new mill in Sambalpur. The production capacity of pellet plant in Sambalpur increased by 1200 KTPA.

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) : Sep
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 Jun 18, 2024 03:56 PM the closing price of Shyam Metalics & Energy Ltd was Rs.671.70.

The latest PE ratio of Shyam Metalics & Energy Ltd as of Jun 18, 2024 03:56 PM is 17.63

The latest PB ratio of Shyam Metalics & Energy Ltd as of Jun 18, 2024 03:56 PM is 0.53

The 52-week high of Shyam Metalics & Energy Ltd share price is Rs. 737.80 while the 52-week low is Rs. 333.25

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 Jun 18, 2024 03:56 PM, the market cap of Shyam Metalics & Energy Ltd stood at Rs. 18,749.30.

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