Operates an integrated iron, steel and aluminium value chain with total installed metal capacity of 16.93 MTPA. In FY26, the company sold 4.94 million tonnes of metal products (up 26% YoY) and posted revenue of INR 18,552 cr at an EBITDA margin of 13.67%. Products span pig iron, sponge iron, iron ore pellets, hot rolled and cold rolled coils, stainless steel, colour-coated steel, structural products, aluminium foil and aluminium flat rolled products, sold to infrastructure, construction, automotive, packaging and industrial customers. Recent capacity additions include a 1.5 MTPA iron ore beneficiation plant at Sambalpur commissioned in July 2026 at INR 150 cr cost, an 18,000 TPA aluminium foil line in Odisha, a colour-coated plant (April 2026) that lifted cold rolling capacity 60% to 0.4 MT, and an 8.90 MWp captive solar project at Jamuria. Forward projects include a specialty wire/bar mill at Kharagpur (INR 900 cr) and a stainless steel downstream facility at Sambalpur (INR 1,800 cr), both due March 2029, plus a 60,000 TPA aluminium flat rolled line targeted for September 2026. Q1 FY27 revenue rose 23% YoY to INR 5,455 cr with EBITDA margin expanding to 14.9%, and the business is shifting from commodity steel toward value-added metals under a Vision 2031 roadmap. Raw materials are the largest cost at 73.7% of revenue. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Iron and steel (100%), Aluminium downstream. Capital-intensive integrated metals producer moving from commodity steel to value-added products
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 10,394 | 12,610 | 13,195 | 15,138 | 18,552 |
| EBITDA (ex other income) | 2,600 | 1,486 | 1,570 | 1,866 | 2,333 |
| margin % | 25.0 | 11.8 | 11.9 | 12.3 | 12.6 |
| Owners' profit | 1,724 | 858 | 1,035 | 908 | 1,070 |
| EPS, as reported (₹) | 68.91 | 33.26 | 39.54 | 32.70 | 38.10 |
| ROE % · ROCE % | 29.5 · 38.0 | 11.2 · 13.8 | 10.0 · 10.0 | 8.1 · 11.8 | 8.6 · 12.9 |
| Debt / equity (x) | 0.09 | 0.15 | 0.06 | 0.07 | 0.08 |
| Cash from operations | 1,690 | 1,507 | 1,794 | 1,964 | 2,024 |
| Capex | (1,071) | (1,579) | (1,888) | (2,148) | (2,637) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,634 | 3,753 | 4,139 | 4,419 | 4,457 | 4,421 | 5,240 | 5,455 |
| Profit before tax | 307 | 263 | 297 | 389 | 347 | 270 | 456 | 469 |
| Net profit | 216 | 197 | 220 | 291 | 260 | 198 | 312 | 351 |
| EPS (₹) | 7.76 | 7.10 | 7.92 | 10.45 | 9.36 | 7.10 | 11.20 | 12.60 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| WELSPUN CORP LIMITED | 70,880 | 30.7 | 7.54 | 30.2 | 17.2 | 14.9 | 21.1 | 18.5 |
| APL APOLLO TUBES LTD | 59,803 | 48.6 | 11.29 | 31.1 | 22.7 | 26.1 | 22.1 | 8.0 |
| SHYAM METALICS AND ENGY L ◆ | 29,979 | 26.8 | 2.43 | 12.2 | 8.6 | 11.4 | 24.1 | 14.9 |
| JINDAL SAW LIMITED | 20,016 | 30.5 | 1.63 | 10.5 | 7.5 | 6.8 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 7 Sept 2026 · Shyam Metalics August 2026 Sales: Broad Growth Across Segments | business updates | medium | — | — |
| 5 Sept 2026 · Shyam Metalics grants 11,000 ESOP options to 1 employee | capital market events | low | — | — |
| 3 Sept 2026 · Shyam Metalics assigned ESG rating of 48 by SEBI-registered provider | business updates | medium | — | — |
| 31 Aug 2026 · ESOP-2023: First tranche of 20,900 stock options vested for 5 employees | general | low | — | — |
| 27 Aug 2026 · Shyam Metalics AGM: All 5 resolutions passed; 27% final dividend, Rs 4,500 crore fund raise cleared | compliance | low | — | — |
| 25 Aug 2026 · 24th AGM proceedings: Rs 2.70 final dividend, Rs 4500 Cr fund raise tabled | board shareholder meetings | low | — | — |
| 7 Aug 2026 · Corrected Record Date for FY26 Final Dividend - AGM Notice Typo Fix | corporate actions | low | — | — |
| 6 Aug 2026 · Shyam Metalics July FY27 sales: strong growth across most segments | business updates | medium | — | — |
| 4 Aug 2026 · Shyam Metalics announces 24th AGM, 27 percent final dividend, e-voting from Aug 21-24 | compliance | minimal | — | — |
| 4 Aug 2026 · 24th AGM notice published; final dividend of Rs 2.70 per share recommended | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 10.9 |
| 9.4 |
| RATNAMANI MET & TUB LTD. | 19,815 | 45.8 | 4.71 | 23.1 | 12.7 | 15.6 | 14.4 | 18.5 |
| GODAWARI POW & ISP LTD | 15,875 | 18.6 | 2.71 | 12.0 | 13.7 | 17.0 | 5.7 | 21.0 |
| USHA MARTIN LTD. | 15,069 | 29.7 | 4.56 | 19.8 | 14.1 | 17.7 | 12.0 | 21.0 |
| GALLANTT ISPAT LIMITED | 13,270 | 30.6 | 4.00 | 17.7 | 14.6 | 16.8 | 34.4 | 17.8 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 26.8 | 16.2 | 80 of 118 | 33% |
| P/B | 2.4 | 1.7 | 66 of 99 | 34% |
| ROCE | 11.4 | 8.7 | 48 of 120 | 61% |
| ROE | 8.6 | 8.6 | 59 of 114 | 49% |
| Debt / Equity | 0.1 | 0.1 | 51 of 114 | 56% |
| EBITDA margin | 14.9 | 11.0 | 36 of 100 | 65% |
| Revenue growth | 23.4 | 13.7 | 34 of 97 | 66% |
| Profit growth | 20.7 | 29.3 | 60 of 105 | 43% |
| Market cap | 29979 | 247 | 3 of 120 | 98% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
