Sandur Manganese & Iron Ores Ltd
- Market cap
- ₹ 7,560 Cr.
- P/E
- 11.1x
- P/B
- 2.42x
- 52-week range
- 153.3 – 273
- ROE
- 23%
- ROCE
- 24%
- Dividend yield
- 0.3%
- Debt / equity
- 0.31
- Sector
- Ferrous Metals
- Industry
- Iron & Steel
- Listed on
- NSE, BSE
About
The Sandur Manganese and Iron Ores Limited are an integrated and diversified commodity producer. The Company is engaged in the mining of manganese and iron ores in Deogiri village of Sandur Taluk, Bellary District, Karnataka. It is also engaged in the manufacture of ferroalloys, coke and energy located at Vyasanakere, Hosapete. It operates three segments: Mining, Ferroalloys, and Coke and Energy. The Mining segment is engaged in the mining of manganese ore and iron ore, which produces the low-grade, low-phosphorus manganese ores required to make ferroalloy and steel. It holds manganese ore reserves of approximately 14 million metric tons. The Ferroalloys segment manufactures ferromanganese, silicomanganese, pig iron, and ferrosilicon in its furnaces. The Coke and energy segment is engaged in producing metallurgical coke and generating energy for the power requirements of ferroalloy manufacturing operations. The Company has a subsidiary, Sandur Pellets Private Limited.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Iron & Steel: 15 companies →Sandur Manganese & Iron Ores Ltd against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)11.1 against a typical 14.3: cheaper than most peers (1st = cheapest).5th of 15
- Sales growth+21.1% against a typical +16.3% from a year earlier.5th of 14
- Profit growth+36.5% against a typical +25.7% from a year earlier.5th of 12
- Share price, 3 months−17.5% against a typical −9.3%.14th of 15
- Size₹ 7,560.4 Cr. market value against a typical ₹ 8,906.7 Cr. (1st = largest).8th of 14
Latest announcements
Exchange filings and their impact on the company.
- Leased 6.2 acres at AMTZ for medtech foray; no revenue impact in next 12 months.
Sandur Manganese said its wholly owned unit Royal Sandur MedTech has leased 6.2 acres on a 33-year lease at the Andhra Pradesh MedTech Zone in Visakhapatnam to set up a medical devices and consumables plant, plus office space at WTC AMTZ. The lease was signed on 19 October 2026 and marks the first concrete step in its diversification beyond mining, ferroalloys and steel. The company did not disclose investment or timelines, so there is no near-term revenue impact.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Adequate safety
Rated A+ by ICRA- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CRISIL | Withdrawn | Positive | 2 Jun 2026 |
| ICRA | [ICRA]A+ | Stable | 10 Apr 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 2 Jun 2026 | Withdrawn | was Crisil A+ | — | CRISIL | ₹ 1,630 Cr. | |
| 10 Apr 2026 | Reaffirmed | [ICRA]A+ | — | ICRA | ₹ 450 Cr. | |
| 24 Sep 2025 | Reaffirmed | [ICRA]A+ | — | ICRA | ₹ 450 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 3 Nov 2026Upcoming | Financial Results/Other business matters | To inter-alia consider and approve the unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026 |
| 6 Aug 2026 | Financial Results/Other business matters | To consider, inter-alia the unaudited standalone and consolidated financial results for the quarter ended 30 June 2026. |
| 7 May 2026 | Financial Results/Dividend/Other business matters | To consider and approve inter-alia audited standalone and consolidated financial results for the quarter and year ended 31 March 2026 and recommending final dividend for the financial year 2025-26 |
| 4 Feb 2026 | Financial Results/Other business matters | To consider inter-alia the unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2025 and early redemption of Non-Convertible Debentures of the Company. |
| 7 Nov 2025 | Financial Results/Other business matters | To consider and approve the unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2025 |
| 8 Aug 2025 | Financial Results/Other business matters | To consider and approve, inter-alia the unaudited standalone and consolidated financial results for the quarter ended 30 June 2025, increase in Authorised Share Capital and proposal for issue of Bonus Shares to the equity shareholders of the Company. |
| 28 May 2025 | Financial Results/Dividend/Other business matters | To inter-alia consider and approve audited standalone and consolidated financial results for the quarter and year ended 31 March 2025 and recommending final dividend for the Financial Year 2024-25 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 185 | 153 | 552 | 602 | 260 | 952 | 1,321 | 1,135 | 1,232 | 1,209 | 1,511 | 1,375 |
| Expenses | 147 | 136 | 344 | 411 | 223 | 712 | 1,005 | 836 | 960 | 959 | 1,125 | 1,031 |
| Operating Profit | 37 | 17 | 208 | 191 | 38 | 240 | 316 | 299 | 273 | 251 | 387 | 343 |
| OPM % | 20% | 11% | 38% | 32% | 14% | 25% | 24% | 26% | 22% | 21% | 26% | 25% |
| Other Income | 18 | 15 | 31 | 23 | 25 | 20 | 9 | 15 | 12 | −4 | 20 | 15 |
| Interest | 5 | 5 | 4 | 4 | 5 | 41 | 67 | 54 | 57 | 46 | 55 | 26 |
| Depreciation | 14 | 15 | 15 | 14 | 14 | 38 | 54 | 51 | 53 | 54 | 54 | 51 |
| Profit before tax | 36 | 13 | 219 | 196 | 43 | 180 | 204 | 209 | 175 | 147 | 297 | 281 |
| Tax % | 26% | 25% | 26% | 25% | 26% | 23% | 23% | 20% | 21% | 21% | 20% | 19% |
| Net Profit | 27 | 9 | 164 | 144 | 32 | 137 | 156 | 167 | 139 | 116 | 236 | 228 |
| EPS in Rs | 0.56 | 0.19 | 3.37 | 2.97 | 0.66 | 2.83 | 3.21 | 3.43 | 2.85 | 2.38 | 4.85 | 4.67 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 34%
- 5 Years
- —
- 3 Years
- 34%
- TTM
- 45%
- 10 Years
- 80%
- 5 Years
- —
- 3 Years
- 37%
- TTM
- 51%
- 10 Years
- 34%
- 5 Years
- 43%
- 3 Years
- 42%
- TTM
- —
- 10 Years
- —
- 5 Years
- —
- 3 Years
- 18%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Sandur Manganese & Iron Ores Ltd | ₹ 171.99 | ₹ 7,560 Cr. | 11.1x | 2.4x | 23% | — |
| Hindustan Zinc | ₹ 497.00 | ₹ 2,09,998 Cr. | 15.9x | 9.7x | 76.9% | 33.9% |
| Hindalco Industries | ₹ 860.50 | ₹ 1,93,374 Cr. | 11.6x | 1.6x | 10.3% | 4.9% |
| Vedanta | ₹ 226.00 | ₹ 88,375 Cr. | 21.3x | 2x | 22.4% | 14.9% |
| NMDC | ₹ 66.30 | ₹ 58,290 Cr. | 9.8x | 2.2x | 23.4% | 23.1% |
| Hindustan Copper | ₹ 399.40 | ₹ 38,623 Cr. | 47.5x | 14.1x | 30.6% | 29.9% |
Management
- Manoj Kumar Jha
- Chief Financial Officer, Chief Risk Officer
- Neha Thomas
- Company Secretary and Compliance Officer
- Bahirji Ajai Ghorpade
- Managing Director, Whole-Time Director
Prices are delayed and for information only. Nothing on this page is investment advice.