On 6 Nov 2026, Shyam Metalics and Energy was priced at ₹1,300.60, or 26.7× trailing earnings, against an industry P/E of 19.9×, and the shares are close to their 52-week high. It earns ROCE of 12% and ROE of 11%, and sales and net profit grew 14% and 7.9% a year over 3 years. Its dividend yield is 0.3%, and debt is 0.10× equity. It is a mid-cap company with a market cap of ₹36,206 Cr, ranked 10th of 150 Steel companies by market cap; the shares rose 43% over the past year.
- ₹1,261.00
- ₹1,305.00
- ₹1,247.00
- ₹1,270.00
- 11.6 L
Health check
- ReturnsAhead
+43.2% over a year, better than 7 of 7 peers.
- Price tagPricier
P/E 26.7 vs industry 19.9.
- GrowthSteady
Sales +13.6%, profit +7.9% a year over 3 years.
- ProfitabilityWeak
ROCE 12.4% vs peer median 18.7%.
- Balance sheetSolid
Debt 0.10× equity, interest covered 12.5×, Piotroski 6 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Mid cap
Defensive
Key metrics
- Market cap
- ₹36,206 Cr
- Mid cap
- P/E
- 26.7
- Industry 19.9
- Price to book
- 2.83
- Peers 2.28
- Dividend yield
- 0.35%
- ROE
- 10.9%
- Peers 23.4%
- ROCE
- 12.4%
- Peers 18.7%
- Debt to equity
- 0.10
- Debt ₹1,358 Cr
- EPS (TTM)
- ₹48.70
- Face value ₹10
- OPM (TTM)
- 13.4%
- Net margin 6.4%
- Sales growth
- +33.4%
- Latest quarter vs a year ago
- Profit growth
- +88.5%
- Latest quarter vs a year ago
- Price to sales
- 1.72
- EV/EBITDA 12.4
Strengths and risks
Strengths
- Quarterly profit up 88.5% on a year ago.
- Quarterly sales up 33.4% on a year ago.
- Positive operating cash flow in each of the last 4 years.
About Shyam Metalics and Energy
Shyam Metalics and Energy Limited, a metal-producing company, produces and sells long steel products, ferro alloys, and aluminium and stainless steel in India and internationally. The company offers carbon steel products, such as pellet, sponge and pig iron, billet, TMT bar, structural bar, structural steel, wire rods, and crash barrier; SS rebar, hot rolled bar, bright bar, wires, welding wires, and wire rod, as well as stainless steel billets; and flat,…
- Headquarters
- Kolkata
- Employees
- 10,264
- Sector
- Basic Materials
- ISIN
- INE810G01011
- Website
- shyammetalics.com
Price range
- Avg volume (3M)
- 5.3 L
- 1-year return
- plus 43.2%
- From 52-week high
- minus 0.3%
Analyst consensus
Peers · Steel
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| JSWSTEELJSW Steel | 1,357.10 | plus 0.11% | 3,31,265 | 11.7 | 12.2 | 18.7% | 17.7% | 0.62 | 3.6% | plus 14.7% |
| TATASTEELTata Steel | 186.30 | plus 2.36% | 2,32,397 | 21.1 | 9.1 | 11.3% | 15.2% | 0.89 | −1.6% | plus 1.5% |
| JINDALSTELJindal Steel | 1,165.00 | plus 1.31% | 1,18,594 | 41.5 | 14.9 | 7.5% | 15.9% | 0.42 | −13.1% | plus 6.4% |
| LLOYDSMELloyds Metals And Energy | 1,785.50 | minus 1.38% | 1,00,482 | 19.1 | 18.8 | 19.4% | 37.4% | 1.23 | 71.3% | plus 37.4% |
| SAILSteel Authority of India | 171.60 | minus 0.41% | 70,880 | 12.6 | 8.1 | 7.2% | 12.9% | 0.50 | 2.0% | plus 24.7% |
| NMDCNMDC | 70.40 | minus 0.01% | 61,894 | 8.3 | 6.2 | 28.4% | 30.0% | 0.19 | 22.0% | minus 5.2% |
| APLAPOLLOAPL Apollo Tubes | 2,185.30 | minus 0.41% | 60,677 | 46.3 | 32.7 | 28.0% | 8.2% | 0.17 | 12.6% | plus 23.3% |
| SHYAMMETLShyam Metalics and Energy | 1,300.60 | plus 2.41% | 36,206 | 26.7 | 14.4 | 12.4% | 12.9% | 0.10 | 13.6% | plus 43.2% |
| Median of 7 peers | – | −0.01% | 1,00,482 | 19.1 | 12.2 | 18.7% | 15.9% | 0.50 | 3.6% | 14.7% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 4,467 | 4,421 | 5,240 | 5,455 | 5,960 | |
| 3,929 | 3,932 | 4,512 | 4,684 | 5,134 | |
| 538 | 489 | 729 | 771 | 826 | |
| 12.1% | 11.1% | 13.9% | 14.1% | 13.9% | |
| 69.1 | 51.7 | 29.2 | 47.1 | 34.1 | |
| 50.3 | 50.8 | 51.3 | 78.3 | 88.7 | |
| 211 | 218 | 249 | 265 | 110 | |
| 1.1 | −2.1 | −1.7 | −5.6 | −3.2 | |
| 347 | 270 | 456 | 469 | 658 | |
| 25.0% | 26.9% | 31.7% | 25.3% | 22.4% | |
| 262 | 197 | 319 | 345 | 493 | |
| 9.41 | 7.09 | 11.16 | 12.56 | 17.72 |
Profit & loss
- Sales CAGR 3Y
- +13.6%
- Profit CAGR 3Y
- +7.9%
- EPS CAGR 3Y
- +5.0%
- ROE
- 10.9%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 12,609 | 13,141 | 15,063 | 18,487 | |
| – | +4.2% | +14.6% | +22.7% | |
| 11,026 | 11,559 | 13,188 | 15,931 | |
| 1,584 | 1,582 | 1,875 | 2,556 | |
| 12.6% | 12.0% | 12.4% | 13.8% | |
| −57 | 23.5 | 73.2 | −144 | |
| 65.7 | 84.6 | 87.7 | 127 | |
| 474 | 656 | 711 | 882 | |
| 49.9 | 75 | 92.1 | 59.4 | |
| 1,037 | 940 | 1,241 | 1,462 | |
| 18.7% | −9.5% | 26.7% | 27.5% | |
| 853 | 1,035 | 908 | 1,070 | |
| – | +21.4% | minus 12.2% | +17.9% | |
| 33.07 | 39.68 | 32.53 | 38.33 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 255 | 278 | 278 | 278 | |
| 7,021 | 9,369 | 10,275 | 11,245 | |
| 1,172 | 597 | 789 | 1,005 | |
| 3,199 | 4,180 | 4,973 | 7,533 | |
| 11,647 | 14,424 | 16,316 | 20,061 | |
| 6,139 | 7,821 | 9,202 | 11,359 | |
| 2,974 | 3,922 | 2,934 | 3,284 | |
| 942 | 1,009 | 1,290 | 1,153 | |
| 651 | 1,295 | 888 | 523 | |
| 942 | 378 | 2,003 | 3,742 | |
| 11,647 | 14,424 | 16,316 | 20,061 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,518 | 1,794 | 1,713 | 2,024 | |
| −1,944 | −2,762 | −1,654 | −1,939 | |
| 424 | 916 | −36 | −50.3 | |
| −1.1 | −51.4 | 23.7 | 34 | |
| −1,905 | −1,888 | −2,148 | −2,637 | |
| −386 | −93.4 | −435 | −614 | |
| −114 | −46.4 | −138 | −112 |
Shareholding pattern
- Promoters74.59%
- Public25.14%
- Employee trusts0.27%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 74.59% | 25.14% | 0.00 | |
| 30 Jun 2026 | 74.59% | 25.14% | 0.00 | |
| 31 Mar 2026 | 74.59% | 25.11% | 0.00 | |
| 31 Dec 2025 | 74.59% | 25.09% | – |
Major shareholders
Filings & events
News
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