Sarda Energy & Minerals
- 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
The five things to look at first. Open one for more.
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.
- 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.
- 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.
- 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.
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- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CRISIL | Crisil AA | Stable | 6 Oct 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 6 Oct 2026 | ▲ Upgrade1 notch | Crisil AA- → Crisil AA | Low | CRISIL | ₹ 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 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 1 Aug 2026 | Financial Results/Fund Raising | To consider and approve the financial results for the period ended Jun 30, 2026 and Fund Raising |
| 23 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 7 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 10 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 2 Aug 2025 | Financial Results/Fund Raising | To consider and approve the financial results for the period ended Jun 30, 2025 and Fund Raising |
| 24 May 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2025 and dividend |
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 | 1,001 | 925 | 889 | 926 | 1,159 | 1,319 | 1,239 | 1,633 | 1,528 | 1,276 | 1,254 | 1,608 |
| Expenses | 759 | 737 | 737 | 666 | 821 | 950 | 968 | 1,016 | 1,016 | 965 | 906 | 955 |
| Operating Profit | 242 | 188 | 152 | 261 | 337 | 369 | 271 | 617 | 512 | 311 | 348 | 653 |
| OPM % | 24% | 20% | 17% | 28% | 29% | 28% | 22% | 38% | 34% | 24% | 28% | 41% |
| Other Income | 24 | 32 | 42 | 75 | 51 | 0 | 46 | 80 | 68 | 95 | 5 | 108 |
| Interest | 35 | 31 | 28 | 36 | 50 | 64 | 70 | 62 | 64 | 64 | 54 | 58 |
| Depreciation | 46 | 46 | 46 | 45 | 62 | 78 | 87 | 81 | 85 | 86 | 88 | 89 |
| Profit before tax | 186 | 143 | 121 | 255 | 276 | 226 | 160 | 553 | 431 | 255 | 210 | 615 |
| Tax % | 19% | 25% | 37% | 24% | 26% | 17% | 41% | 24% | 27% | 28% | 33% | 25% |
| Net Profit | 149 | 114 | 88 | 198 | 203 | 200 | 100 | 437 | 328 | 190 | 155 | 478 |
| EPS in Rs | 3.99 | 3.32 | 2.68 | 5.64 | 5.55 | 5.6 | 3.07 | 12.33 | 9.17 | 5.4 | 4.48 | 13 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 14%
- 5 Years
- 21%
- 3 Years
- 11%
- TTM
- 6%
- 10 Years
- 59%
- 5 Years
- 24%
- 3 Years
- 22%
- TTM
- 20%
- 10 Years
- 43%
- 5 Years
- 49%
- 3 Years
- 36%
- TTM
- —
- 10 Years
- 16%
- 5 Years
- 17%
- 3 Years
- 15%
- 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.
| Sarda Energy & Minerals | ₹ 454.85 | ₹ 15,787 Cr. | 14.3x | 2.2x | 16% | — |
| JSW Steel | ₹ 1,187.00 | ₹ 2,90,275 Cr. | 41.6x | 3x | — | 14.8% |
| Lloyds Metals And Energy | ₹ 1,780.40 | ₹ 1,00,195 Cr. | 27.8x | 7.6x | 36.2% | 22.4% |
| Jindal Steel | ₹ 1,012.00 | ₹ 1,04,634 Cr. | 25.9x | 2.1x | 6.9% | 6.3% |
| Jindal Stainless | ₹ 684.00 | ₹ 56,394 Cr. | 18.8x | 3.1x | 17.5% | 7.4% |
| Welspun Corp | ₹ 2,402.00 | ₹ 63,363 Cr. | 25.9x | 4.6x | 19.4% | 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.