Modified the Company s Code of conduct for Regulating, Monitoring and Reporting ofTrading by Insiders pursuant to the relevant amendments in the SEBI (Prohibition ofInsider Trading) Regulations, 2015.
SHYAMMETL · price
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On the reaction day the stock moved 1.5 pts less than Nifty Smallcap 250 and 1.4 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Shyam Metalics reported strong Q1 FY26 results with consolidated revenue from operations rising about 22% year-on-year to Rs. 4,418.84 crore (vs Rs. 3,611.61 crore in Q1 FY25). Consolidated profit after tax grew modestly to Rs. 290.67 crore (vs Rs. 276.12 crore), with basic EPS at Rs. 10.45. The Board declared a 1st interim dividend of Rs. 1.80 per share (18% of face value) for FY26, with a record date of July 28, 2025. The Board also approved plans to raise up to Rs. 4,500 crore via equity or equity-linked instruments and up to Rs. 3,000 crore through non-convertible debentures, subject to shareholder approval. The 23rd AGM was fixed for August 26, 2025. Auditors MSKA & Associates issued an unmodified limited review conclusion on both standalone and consolidated results, with no exceptional items reported.
Strong top-line growth of over 20% reflects healthy demand and pricing, though margin expansion was muted. The interim dividend rewards shareholders in the near term, while the large combined fund-raising plan of up to Rs. 7,500 crore signals significant capex or expansion ambitions, which could lead to dilution or higher leverage depending on the mix chosen. Watch the stock for clarity on the deployment of these funds and any potential equity dilution.