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Shyam Metalics & Energy Q2 FY27 Share Price & Earnings Call Analysis

₹1,162.90+1.87% today
Market cap
₹32,460 Cr
P/E
28.90
ROE
9.70%
PEG
3.35
Price to sales
1.67
Debt to equity
0.09
52W high / low
₹1,227 / ₹761
Sales growth (5Y)
24.12%
EBITDA margin
12.86%
Net profit margin
5.72%
Promoter holding
74.59%
Sales (last year)
₹19,584 Cr

Guidance scorecard · Q2 FY27 call

What Shyam Metalics & Energy Ltd's management guided
and where it ranks in Industrial Products

#39of 100 in
Industrial Products
Revenue20–40%MarginsFlatCapexPlannedFundraisingNone plannedOrder bookWhat management said

RevenueQ1 FY27 call

20–40%
  • Projected volume growth target of ~25% for FY27, with Q1 already showing 14% growth despite typical seasonality impacts.
  • Strong sales growth expected from commissioning of new capacities: flat products (color-coated plant expansion), aluminium foil facility, stainless steel bars, and CRM plants.
  • Aluminium business expected to regularize from Q3 FY27 onwards, contributing significantly to revenues.
  • Iron-making facilities and new power plants commissioning in H2 FY27 will enhance cost-efficiency and volume growth.
  • Flat product volumes expected to more than double in current year after commissioning expansions.
  • Long-term (by 2031), plans include producing 1.7-1.8 million tons of steel via backward integration, significantly boosting revenues.

2 more points from Shyam Metalics & Energy Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Shyam Metalics & Energy Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • INR575 crores capex incurred this quarter towards ongoing expansion.
  • Commissioned aluminium foil facility; aluminium business operational but stabilizing.
  • Color-coated plant commissioned in April 2026, increasing cold rolling capacity by 60%.
  • Planned commissioning of iron-making facilities end of Q2 or early Q3 to add value.
  • Power plants to be commissioned in Q2 to reduce costs.
  • Specialty steel long products plant (SBQ mill) expected by end of next year.
  • Stainless steel business expansion ongoing, targeting INR600-700 crores run rate.

2 more points from Shyam Metalics & Energy Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

None planned

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Full Q1 FY27 analysis

Order bookQ1 FY27 call

  • The newly commissioned aluminium foil plant in Odisha has already secured an order book with nearly 10 months of confirmed orders.
  • The plant is in the process of streamlining operations and ramping up to full commercial production.
  • Overall, the company anticipates strong value realization from aluminium from Q3 onwards as capacity stabilizes.

2 more points from Shyam Metalics & Energy Ltd's call on the order book

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Full Q1 FY27 analysis
Full Industrial Products ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Industrial Products
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Shyam Metalics & Energy Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Industrial Products companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹532 Cr21.2
240%+Up 2%+₹450 Cr13.2
340%+Up 2%+₹371 Cr26.1
440%+Up 0–2%₹1,340 Cr32.9
540%+Up 0–2%₹1,196 Cr14.1
640%+Flat₹966 Cr25.0

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Shyam Metalics & Energy Ltd announcements

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Financials of Shyam Metalics & Energy Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Shyam Metalics & Energy Ltd

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +81.62%74.59%74.59%74.59%74.59%74.59%74.59%74.59%74.59%74.59%74.59%74.59%
FIIs +1.98%2.35%2.25%3.48%3.84%3.75%3.21%3.65%3.21%3.09%2.97%5.29%
DIIs +3.72%4.45%5.39%6.18%6.74%7.68%8.73%8.64%8.87%9.17%13.75%11.16%
Public +12.26%18.22%17.40%15.36%14.44%13.66%13.16%12.80%13.01%12.85%8.42%8.71%
Others +0.43%0.39%0.39%0.39%0.39%0.33%0.32%0.32%0.32%0.30%0.27%0.27%
No. of Shareholders1,24,1671,22,7701,20,7261,27,4741,21,1811,16,7401,13,8691,08,5231,05,1841,01,4231,00,44398,522

Pros & Cons

Shyam Metalics & Energy Ltd

Key positives and risks surfaced from the company insights section.

Pros
  • Stock is trading at 2.63 times its book value
  • Company has a low return on equity of 10.2% over last 3 years.
  • Dividend payout has been low at 12.5% of profits over last 3 years
Raw Insights
  • Stock is trading at 2.63 times its book value
  • Company has a low return on equity of 10.2% over last 3 years.
  • Dividend payout has been low at 12.5% of profits over last 3 years

Financials of Shyam Metalics & Energy Ltd

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +2,9413,3153,6063,6123,6343,7564,1394,4194,4674,4215,2405,4555,960
Expenses +2,6342,9083,1653,1243,2253,3013,6243,8393,9283,9344,5134,6905,137
Operating Profit307407442488409456515580539487727765823
OPM %10%12%12%14%11%12%12%13%12%11%14%14%14%
Other Income +38405151725154546952294734
Interest35402229304144405051517889
Depreciation177182139136144203229205211218249265110
Profit before tax133226332374307263297389347270456469658
Tax %-261%44%34%26%30%25%26%25%25%27%32%25%22%
Net Profit +482126220276216197220291260198312351511
EPS in Rs18.984.997.769.897.727.087.8410.479.387.0711.4312.3617.67

Financials of Shyam Metalics & Energy Ltd

Profit & Loss

Annual income statement trend

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +3,7474,6064,3766,29710,39412,65813,19515,15918,55221,077
Expenses +3,0343,6563,7104,9037,79311,15911,62513,29316,21918,275
Operating Profit7149506661,3942,6011,4991,5701,8662,3332,802
OPM %19%21%15%22%25%12%12%12%13%13%
Other Income +6873122459105159231204162
Interest496486622393133144192269
Depreciation215195297300272474656711882841
Profit before tax5177642951,0552,3641,0379401,2411,4621,854
Tax %-2%17%-15%20%27%19%-9%27%28%
Net Profit +5286373408441,7248431,0299091,0601,371
EPS in Rs18.1725.8614.5636.1067.6133.4337.0732.5338.3448.53
Dividend Payout %0%0%0%14%7%5%12%14%12%

Financials of Shyam Metalics & Energy Ltd

Balance Sheet

Capital structure and asset base

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital47234234234255255278278278278
Reserves1,8072,2562,5933,4005,5807,0219,36910,27511,24512,070
Borrowings +5687291,1147965431,1725977891,0051,358
Other Liabilities +1,0498341,1219902,0473,1474,1504,9777,5389,488
Total Liabilities3,4714,0525,0625,4208,42511,59514,39316,32020,06623,195
Fixed Assets +1,7471,7742,0121,8022,4553,3113,9956,3578,1349,032
CWIP913582355067682,7693,7642,7082,7923,020
Investments1952741442821,0361,4742,2622,1181,5821,554
Other Assets +1,4371,6472,6702,8294,1664,0414,3725,1377,5589,589
Total Assets3,4714,0525,0625,4208,42511,59514,39316,32020,06623,195

Financials of Shyam Metalics & Energy Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +247457-911,0561,5611,5181,7941,7132,024
Cash from Investing Activity +-118-567-420-499-1,800-1,944-2,762-1,654-1,939
Cash from Financing Activity +-162112531-423167424916-36-50
Net Cash Flow-33220134-72-1-512434
Free Cash Flow144-32-655695621-386-93-435-614
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit51%66%-5%89%82%117%126%94%101%

Financials of Shyam Metalics & Energy Ltd

Ratios

Working capital efficiency and return ratios

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days361713311318201918
Inventory Days8696203981199084100123
Days Payable6941793569639197133
Cash Conversion Cycle537213694634512228
Working Capital Days3036654553-131-11
ROCE %28%11%27%44%15%11%12%13%

Guidance history

How Shyam Metalics & Energy Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →20–40%FlatPlannedNone planned—
Q4 FY26 call →20–40%FlatPlannedPlannedFlat
Q3 FY26 call →10–20%Up 2%+PlannedPlanned—
Q2 FY26 call →20–40%Up 0–2%PlannedPlanned—

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

82out of 100

Momentum score · price trend

82 out of 100 — Strengthening

Over the past year its share price has done better than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+28.3%78%
Last 6 months+33.1%83%
Last 3 months+12.8%84%
How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Shyam Metalics & Energy Ltd: 0.4 × 78 + 0.4 × 83 + 0.2 × 84 = 82.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Shyam Metalics & Energy Ltd's management said in earlier quarters

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