Sarda Energy & Minerals Ltd

Sarda Energy & Minerals Ltd

₹ 490 0.46%
21 Feb - close price
About

Incorporated in 1973, Sarda Energy & Minerals Limited (SEML) is the flagship company of Sarda Group and is engaged in the production of steel, ferro alloys and power. [1]

Key Points

Product Portfolio & Production Capacities
1) Steel Products (46% in FY24 vs 48% in FY22): [1] [2] The company is an integrated steel producer of long steel products including iron pellets, sponge iron, billets, wire rods, etc having a steel manufacturing facility at Raipur, Chhattisgarh with a production capacity of:
Pellets: 9 lakh MT
Sponge Iron: 3.6 lakh MT
Billets: 3 lakh MT
Wire Rod: 2.5 lakh MT
H.B. Wire: 0.45 Lakh MT [3] [4]

  • Market Cap 17,254 Cr.
  • Current Price 490
  • High / Low 525 / 180
  • Stock P/E 25.4
  • Book Value 168
  • Dividend Yield 0.20 %
  • ROCE 15.3 %
  • ROE 14.1 %
  • Face Value 1.00

Pros

Cons

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
999 1,058 1,261 967 908 1,076 1,052 1,001 925 889 926 1,159 1,319
678 707 892 685 713 862 837 759 737 737 666 821 950
Operating Profit 321 352 370 281 196 214 215 242 188 152 261 337 369
OPM % 32% 33% 29% 29% 22% 20% 20% 24% 20% 17% 28% 29% 28%
-16 30 -39 21 44 24 83 24 32 42 75 51 -0
Interest 45 45 32 32 33 28 35 35 31 28 36 50 64
Depreciation 39 46 44 44 45 45 45 46 46 46 45 62 78
Profit before tax 222 291 255 226 161 165 218 186 143 121 255 276 226
Tax % 24% 30% 32% 18% 19% 30% 20% 19% 25% 37% 24% 26% 17%
169 207 173 186 130 115 172 149 114 88 198 203 200
EPS in Rs 4.63 5.92 4.71 5.13 3.70 3.44 4.85 3.99 3.32 2.68 5.64 5.55 5.60
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,405 1,591 1,760 1,480 1,434 2,174 2,324 2,000 2,199 3,914 4,212 3,868 4,293
1,115 1,263 1,383 1,295 1,217 1,772 1,842 1,644 1,679 2,559 3,152 3,070 3,174
Operating Profit 290 329 377 185 217 402 482 356 520 1,355 1,060 798 1,119
OPM % 21% 21% 21% 12% 15% 18% 21% 18% 24% 35% 25% 21% 26%
49 44 -77 41 96 63 17 -17 130 43 49 181 168
Interest 69 123 120 112 94 97 99 82 79 147 124 128 178
Depreciation 69 96 93 75 69 73 76 78 75 143 178 183 231
Profit before tax 201 154 87 39 150 294 324 179 495 1,108 807 667 878
Tax % 19% 40% 35% 68% 15% 30% 36% 24% 23% 27% 25% 24%
162 92 56 13 127 205 207 128 376 807 604 524 690
EPS in Rs 4.51 2.54 1.53 0.35 3.66 5.62 5.64 3.50 10.40 22.31 17.09 14.84 19.47
Dividend Payout % 7% 12% 20% 143% 11% 9% 9% 14% 7% 3% 9% 7%
Compounded Sales Growth
10 Years: 9%
5 Years: 11%
3 Years: 21%
TTM: 6%
Compounded Profit Growth
10 Years: 19%
5 Years: 21%
3 Years: 11%
TTM: 25%
Stock Price CAGR
10 Years: 40%
5 Years: 91%
3 Years: 84%
1 Year: 129%
Return on Equity
10 Years: 15%
5 Years: 18%
3 Years: 20%
Last Year: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 36 36 36 36 36 36 36 36 36 36 35 35 35
Reserves 1,017 1,112 1,174 1,187 1,322 1,540 1,707 1,834 2,182 2,968 3,375 3,853 5,893
1,427 1,737 1,482 1,221 1,363 1,386 1,395 1,694 1,714 1,581 1,407 1,366 2,875
306 363 352 382 395 451 543 538 587 714 664 747 1,425
Total Liabilities 2,786 3,247 3,044 2,827 3,115 3,413 3,682 4,102 4,518 5,298 5,481 6,002 10,227
1,428 1,383 1,333 1,226 1,183 1,358 1,349 1,323 1,287 2,853 2,907 2,853 5,892
CWIP 263 375 441 594 799 783 1,063 1,374 1,616 133 132 251 514
Investments 289 572 279 205 226 241 213 191 266 500 422 659 601
806 917 991 803 907 1,030 1,057 1,214 1,349 1,812 2,020 2,239 3,220
Total Assets 2,786 3,247 3,044 2,827 3,115 3,413 3,682 4,102 4,518 5,298 5,481 6,002 10,227

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
247 241 -36 469 177 300 480 336 188 917 701 752
-474 -385 330 -148 -241 -156 -399 -415 -186 -466 -431 -434
218 176 -385 -383 63 -86 -106 199 -70 -331 -479 -222
Net Cash Flow -9 32 -91 -61 -1 58 -24 120 -68 120 -208 96

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 20 15 20 31 27 22 15 23 23 16 16 10
Inventory Days 113 122 177 84 133 102 107 141 157 107 106 80
Days Payable 52 54 29 42 59 39 46 72 67 46 24 26
Cash Conversion Cycle 81 83 168 72 101 85 76 92 113 77 98 64
Working Capital Days 53 65 105 105 131 86 86 108 133 89 96 78
ROCE % 11% 10% 12% 6% 8% 14% 13% 8% 15% 29% 19% 15%

Shareholding Pattern

Numbers in percentages

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
72.50% 71.01% 72.64% 72.64% 72.64% 72.64% 72.64% 72.64% 72.64% 72.64% 73.16% 73.16%
1.72% 1.83% 1.97% 1.91% 2.44% 2.55% 2.69% 2.81% 2.69% 2.49% 2.29% 2.66%
2.21% 2.54% 2.82% 3.44% 3.76% 3.76% 3.92% 3.85% 3.61% 3.75% 4.27% 4.35%
23.58% 24.62% 22.55% 21.99% 21.16% 21.04% 20.74% 20.70% 21.04% 21.10% 20.28% 19.82%
No. of Shareholders 25,40028,79627,89726,58126,24226,63338,80742,08253,54353,95771,21676,037

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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