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As of 6 Nov 2026, Sandur Manganese & Iron Ores trades at 10.3× trailing earnings, below the industry P/E of 19.9×, and the shares are 35% below their 52-week high. Sales and net profit grew 34% and 34% a year over 3 years, with ROCE of 26% and ROE of 22%. Debt is 0.31× equity, and its dividend yield is 0.3%. It is a small-cap company with a market cap of ₹8,640 Cr, ranked 22nd of 150 Steel companies by market cap; the shares fell 19% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹176.90
Day high
₹179.00
Day low
₹172.39
Prev. close
₹178.44
Volume
4.8 L

Health check

3 good · 1 fair · 2 to check
  • ReturnsBehind

    −18.9% over a year, better than 0 of 7 peers.

  • Price tagCheaper

    P/E 10.3 vs industry 19.9.

  • GrowthStrong

    Sales +33.5%, profit +34.3% a year over 3 years.

  • ProfitabilityStrong

    ROCE 25.7% vs peer median 18.7%.

  • Balance sheetFair

    Debt 0.31× equity, interest covered 5.4×, Piotroski 5 of 9.

  • Red flags1 to check

    35% below its 52-week high.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Steel

149 listed peers. Screen the industry

Small cap

₹8,640 Cr, #22 of 150 in its industry by size.

Moves with the market

Beta 0.90 vs the NIFTY 50: tracks the market closely.

Key metrics

Last 12 months to Sep 2026: sales ₹5,329 Cr · profit ₹717 Cr
Market cap
₹8,640 Cr
Small cap
P/E
10.3
Industry 19.9
Price to book
2.66
Peers 2.28
Dividend yield
0.30%
ROE
22.4%
Peers 23.4%
ROCE
25.7%
Peers 18.7%
Debt to equity
0.31
Debt ₹1,000 Cr
EPS (TTM)
₹17.26
Face value ₹10
OPM (TTM)
24.3%
Net margin 13.5%
Sales growth
+22.2%
Latest quarter vs a year ago
Profit growth
+87.9%
Latest quarter vs a year ago
Price to sales
1.62
EV/EBITDA 6.9

Strengths and risks

Strengths

  • Return on equity of 22.4%.
  • Return on capital employed of 25.7%.
  • Quarterly profit up 87.9% on a year ago.
  • Quarterly sales up 22.2% on a year ago.
  • P/E of 10.3 against an industry P/E of 19.9.

Risks to check

  • 35% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About Sandur Manganese & Iron Ores

The Sandur Manganese & Iron Ores Limited, together with its subsidiary, engages in the mining of manganese and iron ores in Deogiri village of Ballari District, Karnataka. It operates through three segments: Mining, Ferroalloys, and Coke and Energy. The company also manufactures and sells steel, ferroalloys and coke. In addition, it generates power through a 32-megawatt of cleaner by-product energy. The company serves steel manufacturers and ferroalloy…

Headquarters
Bengaluru
Employees
2,707
Sector
Basic Materials
ISIN
INE149K01016
Website
sandurgroup.com

Price range

52 weeks

₹153.30₹273.00

Today

₹172.39₹179.00
Avg volume (3M)
6.6 L
1-year return
minus 18.9%
From 52-week high
minus 34.9%

Peers · Steel

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
JSWSTEELJSW Steel1,357.10plus 0.11%3,31,26511.712.218.7%17.7%0.623.6%plus 14.7%
TATASTEELTata Steel186.30plus 2.36%2,32,39721.19.111.3%15.2%0.89−1.6%plus 1.5%
JINDALSTELJindal Steel1,165.00plus 1.31%1,18,59441.514.97.5%15.9%0.42−13.1%plus 6.4%
LLOYDSMELloyds Metals And Energy1,785.50minus 1.38%1,00,48219.118.819.4%37.4%1.2371.3%plus 37.4%
SAILSteel Authority of India171.60minus 0.41%70,88012.68.17.2%12.9%0.502.0%plus 24.7%
NMDCNMDC70.40minus 0.01%61,8948.36.228.4%30.0%0.1922.0%minus 5.2%
APLAPOLLOAPL Apollo Tubes2,185.30minus 0.41%60,67746.332.728.0%8.2%0.1712.6%plus 23.3%
SANDUMASandur Manganese & Iron Ores177.73minus 0.40%8,64010.37.725.7%21.3%0.3133.5%minus 18.9%
Median of 7 peers–−0.01%1,00,48219.112.218.7%15.9%0.503.6%14.7%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrSep 25Dec 25Mar 26Jun 26Sep 26
1,2321,2091,5111,3751,506
9609591,1251,0311,128
273251387343378
22.1%20.7%25.6%25.0%25.1%
12.427.919.514.713
57.146.155.426.125.6
53.353.653.851.154.2
–−32.3––9.3
175147297281320
20.5%20.6%20.3%18.6%18.5%
139116236227260
2.852.384.854.675.35

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+33.5%
Profit CAGR 3Y
+34.3%
EPS CAGR 3Y
+33.9%
ROE
22.4%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
2,1131,2383,1035,031
–minus 41.4%+150.7%+62.1%
1,6889172,3183,814
4253207851,217
20.1%25.9%25.3%24.2%
16.661.919.536.9
27.914.993.5190
64.357.8121212
1015.433.7−24.5
360325624827
24.6%26.6%24.0%20.4%
271239470657
–minus 11.6%+96.3%+39.7%
5.624.939.6713.51

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
27162162486
1,9071,9962,4512,768
2061331,890999
3923021,1461,274
2,5322,5935,6485,527
9571,0073,0913,028
123164411150
0.80.7113118
735467147228
7159551,8872,004
2,5322,5935,6485,527

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
1421538411,143
−11.2−66.4−1,56119.7
−129−107704−1,123
2.1−20−16.539
−187−103−87.5−155
−4550.3753988
−13.6−13.5−16.2−20.3

Shareholding pattern

Source: NSE filings

NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 0.7% (Yahoo estimate).

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you