SHYAMMETLNSEShyam Metalics and Energy LimitedHighPositive
Announced Fri, 9 May · 13:14 IST

Shyam Metalics And Energy Limited has informed the Exchange that Board of Directors at its meeting held on May 09, 2025, recommended Final Dividend of Rs. 2.25 per equity share.

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Awaiting price reaction for this filing.

AI summary

Shyam Metalics' Board, at its May 9, 2025 meeting, approved audited FY25 results with consolidated revenue from operations rising to Rs. 15,137.5 crore (from Rs. 13,195.2 crore in FY24). Consolidated EBITDA grew to Rs. 2,096.2 crore (up from Rs. 1,729 crore), though profit after tax came in at Rs. 909.3 crore versus Rs. 1,629 crore last year, with the prior year boosted by a one-time tax credit. The Board recommended a final dividend of Rs. 2.25 per share (22.5% of face value), subject to shareholder approval. Founder-Chairman Mr. Mahabir Prasad Agarwal stepped down (conferred Chairman Emeritus status), and Mr. Brij Bhushan Agarwal was re-designated as Chairman & Managing Director. Subsidiary Shyam SEL commissioned new coke oven, blast furnace, sinter, and cold rolling mill units at Jamuria, West Bengal.

Likely market impact

The Rs. 2.25 dividend rewards shareholders, though the higher top line and EBITDA were offset by elevated depreciation costs that pulled down net profit. Leadership transition is internal and continuity-focused, which should be viewed neutrally by investors. Capacity expansion at the Jamuria unit supports future volume growth in steel and ferro alloys.