Recommended the final dividend of Rs. 2.70/- per equity share
SHYAMMETL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Shyam Metalics and Energy Limited's Board meeting on May 11, 2026 recommended a final dividend of Rs. 2.70 per equity share (27% of Rs. 10 face value) for FY 2025-26, subject to shareholder approval at the AGM. For the full year ended March 31, 2026, the company reported standalone revenue of Rs. 18,552.24 crore with profit after tax of Rs. 1,070.24 crore, compared to Rs. 15,158.63 crore and Rs. 908.10 crore respectively in the previous year. The Board also approved a major capex plan of Rs. 2,700 crore for new projects including a Long & Speciality Wire Rod and Bar Mill at Kharagpur (8 lakh TPA by March 2029) and expansion of stainless steel capacity at Sambalpur (from 0.50 to 0.60 MTPA by March 2029). The statutory auditors issued an unmodified opinion on the financial results. Note: The filing also mentions a provisional attachment order by the Enforcement Directorate on a subsidiary regarding investments of Rs. 152.48 crore in connection with an alleged coal syndicate case, which the company refutes.
The dividend of Rs. 2.70 per share represents a 27% payout on face value, reflecting consistent shareholder returns. The massive Rs. 2,700 crore capex plan signals strong growth ambitions but will require significant capital deployment over the next few years. The ED investigation on a subsidiary could add regulatory risk despite management's refutation.