Sarda Energy & Minerals

NSE: SARDAENBSE: 504614
Compare with peers
₹ 454.85▼ 3.4 (−0.74%)28 Oct, 03:29 pm IST
Market cap
₹ 15,787 Cr.
P/E
14.3x
P/B
2.18x
52-week range
436.2 – 624
ROE
16%
ROCE
17%
Dividend yield
0.4%
Debt / equity
0.36
Sector
Ferrous Metals
Industry
Iron & Steel
Listed on
NSE, BSE

About

Sarda Energy & Minerals Limited is an India-based company which is engaged in the metal, mining and power sectors. It operates integrated steel manufacturing facilities, ferro alloy manufacturing facilities, backed by a captive thermal power plant. Its segments include Steel, Ferro Alloys, Power and Unallocated. It is engaged in the hydropower sector. Its products are Sponge Iron (DRI), Billets and Wire Rods, Ferro Alloys, Eco-Bricks, Mining, Power and Pellets. Its Sponge Iron or Direct Reduced Iron (DRI) is used for its own captive use to produce steel billets through an induction furnace route. Its Ferro alloys are value-added products usually used for the manufacturing of mild steel and special steel. Eco-Bricks manufactures eco-friendly bricks mainly from the plant waste generated from other divisions, like fly ash from power plant, granulated silico slag from ferro alloys and other products. Its subsidiaries are Sarda Global Venture Pte. Limited, Sarda Energy Limited and more.

Quick check

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Compared with its industry

Iron & Steel: 15 companies →

Sarda Energy & Minerals 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)14.3 against a typical 14.3: in line than most peers (1st = cheapest).8th of 15
  • Sales growth−1.5% against a typical +16.3% from a year earlier.13th of 14
  • Profit growth+9.4% against a typical +25.7% from a year earlier.11th of 12
  • Share price, 3 months−13.1% against a typical −9.3%.11th of 15
  • Size₹ 15,786.7 Cr. market value against a typical ₹ 8,906.7 Cr. (1st = largest).5th of 14

Latest announcements

Exchange filings and their impact on the company.

  • 17 Oct 2026General UpdatesLow impactPositivePrice −1.6% on 19 Oct
    Sarda to set up a small Dubai trading arm for Middle East sales with up to Rs 3 crore investment.

    Sarda Energy's wholly owned subsidiary Sarda Metals & Alloys has approved setting up a wholly owned subsidiary in Dubai, UAE, which will be a step-down subsidiary of Sarda Energy. The new entity will handle trading and distribution of company products in the Middle East and is expected to be incorporated in 4-6 months. Initial investment is up to Rs 3 crore via equity, loan or guarantee. The outlay is tiny versus Sarda's scale, so near-term financial impact is minimal but it expands its Middle East footprint.

    Filing
  • 10 Oct 2026General UpdatesLow impactPositivePrice −0.3% on 12 Oct
    Subsidiary wins preferred bidder for 0.7 MT manganese block in Andhra Pradesh, with no near-term earnings impact.

    Sarda Metals & Alloys, a wholly owned subsidiary of Sarda Energy & Minerals, has been declared preferred bidder for the Avagudem Expired Manganese Mining Lease Block in Vizianagaram, Andhra Pradesh. The block has estimated total geological reserves of 0.70 million tonnes of manganese ore. With approvals and mine development still pending, there is no immediate production impact, but it supports long-term captive ore security for its alloys business.

    Filing
  • 7 Oct 2026General UpdatesLow impactPositivePrice −0.3% that day
    Wholly owned subsidiary's bank facilities upgraded to CRISIL AA-/Stable, marginally lowering borrowing costs.

    Sarda Energy & Minerals said its wholly owned subsidiary Sarda Metals & Alloys got its bank facilities of Rs 659.81 crore upgraded by CRISIL. The long-term rating moved up from CRISIL A/Positive to CRISIL AA-/Stable, and the short-term rating moved up from A1 to A1+. The upgrade signals a stronger credit profile for the subsidiary and should marginally reduce its borrowing costs over the next year.

    Filing

Credit ratings

Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates

High safety

Rated AA by CRISIL
AA
DefaultRiskyModerateSafeVery safe
  • No warnings from the agency.
AgencyCurrent ratingOutlookAs of
CRISILCrisil AAStable6 Oct 2026
Credit rating actions
RatingDetails
6 Oct 2026
▲ Upgrade1 notch
Crisil AA- → Crisil AALowCRISIL₹ 2,401.6 Cr.
11 Nov 2025
Rating action
Crisil AA-—CRISIL₹ 2,845.5 Cr.

Board meetings

Results dates and other board meetings. Full calendar

Details
31 Oct 2026UpcomingFinancial ResultsTo consider and approve the financial results for the period ended September 30, 2026
1 Aug 2026Financial Results/Fund RaisingTo consider and approve the financial results for the period ended Jun 30, 2026 and Fund Raising
23 May 2026Financial Results/DividendTo consider and approve the financial results for the period ended March 31, 2026 and dividend
7 Feb 2026Financial ResultsTo consider and approve the financial results for the period ended December 31, 2025
10 Nov 2025Financial ResultsTo consider and approve the financial results for the period ended September 30, 2025
2 Aug 2025Financial Results/Fund RaisingTo consider and approve the financial results for the period ended Jun 30, 2025 and Fund Raising
24 May 2025Financial Results/DividendTo consider and approve the financial results for the period ended March 31, 2025 and dividend

Share price

1Y change −16.02%
0 of 3 filing days came with a big price move
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,0019258899261,1591,3191,2391,6331,5281,2761,2541,608
Expenses7597377376668219509681,0161,016965906955
Operating Profit242188152261337369271617512311348653
OPM %24%20%17%28%29%28%22%38%34%24%28%41%
Other Income24324275510468068955108
Interest353128365064706264645458
Depreciation464646456278878185868889
Profit before tax186143121255276226160553431255210615
Tax %19%25%37%24%26%17%41%24%27%28%33%25%
Net Profit14911488198203200100437328190155478
EPS in Rs3.993.322.685.645.555.63.0712.339.175.44.4813

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
14%
5 Years
21%
3 Years
11%
TTM
6%
Compounded Profit Growth
10 Years
59%
5 Years
24%
3 Years
22%
TTM
20%
Stock Price CAGR
10 Years
43%
5 Years
49%
3 Years
36%
TTM
—
Return on Equity
10 Years
16%
5 Years
17%
3 Years
15%
TTM
—

Shareholding

Latest: Jun 2026.

Promoters
73.16%
0 pts in a year
FIIs
3.51%
−0.32 pts in a year
DIIs
3.47%
−0.34 pts in a year
Public
19.84%
+0.63 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 14.3xEPS (12 months) ₹ 31.85Median P/E 7.2x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
Sarda Energy & Minerals₹ 454.85₹ 15,787 Cr.14.3x2.2x16%—
JSW Steel₹ 1,187.00₹ 2,90,275 Cr.41.6x3x—14.8%
Lloyds Metals And Energy₹ 1,780.40₹ 1,00,195 Cr.27.8x7.6x36.2%22.4%
Jindal Steel₹ 1,012.00₹ 1,04,634 Cr.25.9x2.1x6.9%6.3%
Jindal Stainless₹ 684.00₹ 56,394 Cr.18.8x3.1x17.5%7.4%
Welspun Corp₹ 2,402.00₹ 63,363 Cr.25.9x4.6x19.4%9.7%

Management

Kamal Kishore Sarda
Executive Chairman of the Board, Managing Director
Padam Kumar Jain
Chief Financial Officer, Whole-Time Director
Pankaj Sarda
Managing Director, Whole-Time Director
Manish Sethi
Compliance Officer, Company Secretary

Prices are delayed and for information only. Nothing on this page is investment advice.