Sarda Energy & MIN Ltd

NSE: SARDAEN · Iron & Steel · sector

₹446.60NSE close 2026-10-26

Key numbers

Market cap₹15,738 cr

Price₹446.60

52w high / low₹624 / ₹447

P/E13.9xSector median 16.4x

P/B2.1xSector median 2.1x

Book value₹209.1

Dividend yield0.34%Sector median 0.39%

ROE16.6%Sector median 9.1%

ROCE17.6%Sector median 10.1%

OPM32.4%Sector median 12.4%

Debt / equity0.35xSector median 0.35x

EV/EBITDA8.7xSector median 8.1x

Interest cover7.3x

Current ratio4.50x

Sales growth 3y+10.6%Sector median +1.5%

Profit growth 3y+22.5%Sector median +15.7%

PEG–

Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 14 companies in Iron & Steel (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹2,380 cr vs borrowings ₹2,595 cr (FY26): borrowings are higher by ₹215 cr.
Operating profit covered interest 7.3x in the last 12 months.
No promoter shares are pledged.
Operating cash flow was below net profit in 0 of the last 5 years.
Revenue was higher than a year earlier in 2 of the last 4 quarters.
Other income was 24% of net profit in the last 12 months.
Dividend paid in 5 of the last 5 financial years.
Price ₹446.60 on 2026-10-26: -28.4% from the 52-week high, 0.0% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹599.55 · low ₹417.05

Quarterly results

₹ cr	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	1,159	1,319	1,239	1,633	1,528	1,276	1,254	1,608
EBITDA	337	369	270	617	512	321	348	653
OPM %	29.1%	28.0%	21.8%	37.8%	33.5%	25.2%	27.7%	40.6%
Other income	56	-0	47	80	68	84	5	108
Net profit	195	197	108	434	323	190	158	458
EPS (₹)	5.55	5.60	3.07	12.33	9.17	5.40	4.48	13.00
Revenue YoY					+31.9%	-3.3%	+1.2%	-1.5%
Profit YoY					+65.4%	-3.5%	+45.9%	+5.5%

Consolidated figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	3,914	4,212	3,868	4,643	5,690	5,665
EBITDA	1,348	1,060	795	1,237	1,798	1,834
Net profit	804	602	523	700	1,106	1,130
EPS (₹)	223.07	169.94	14.84	19.86	31.38	32.05
Revenue growth		+7.6%	-8.2%	+20.0%	+22.6%	+5.9%
Profit growth		-25.1%	-13.1%	+33.8%	+58.0%	+20.8%
Dividend / share (₹)	7.50	7.50	0.75	1.00	1.50

Compounded growth	3 years	5 years	Last 12 months
Sales	+10.5%	+20.9%	+5.9%
Net profit	+22.5%	+24.2%	+20.8%
EPS	-43.1%	-21.3%	–
Share price	–	-2.7% (2y)	-14.9%

Balance sheet

₹ cr	FY22	FY23	FY24	FY25	FY26
Shareholders' equity	–	3,410	3,889	6,286	7,370
Borrowings	–	1,407	1,366	2,823	2,595
Cash & equivalents	–	725	1,326	1,257	2,380
Total assets	–	5,481	6,002	10,125	11,371
Fixed assets	–	2,758	2,715	5,711	5,889
Capital work in progress	–	130	250	613	463
Investments	–	34	48	51	35
Receivables	–	182	101	221	276
Inventory	–	727	528	809	794
Payables	–	135	173	194	172

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	923	701	752	886	1,735
Cash from investing	-408	-431	-434	-2,132	-1,166
Cash from financing	-331	-479	-222	1,200	-519
Capex	288	217	266	490	338
Free cash flow	635	485	487	395	1,397

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY22	FY23	FY24	FY25	FY26
ROE %	–	17.7%	13.4%	11.1%	15.0%
ROCE %	–	19.3%	15.1%	12.5%	17.0%
Debtor days	–	16	10	17	18
Inventory days	–	106	80	115	99
Payable days	–	20	26	28	22
Cash conversion cycle (days)	–	102	64	104	95
Working capital days	–	130	174	167	220

Shareholding

Holder	% (2026-09-30)
Promoters	73.16%
FIIs	3.62%
DIIs	3.47%
of which Mutual funds	0.45%
of which Insurance	0.02%
Public (non-institutions)	19.76%

Quarter	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters %	73.16%	73.16%	73.16%	73.16%	73.16%	73.16%	73.16%	73.16%

Promoter group	%
Chhattisgarh Investments Ltd.	39.04%
Sarda Agriculture & Properties Pvt. Ltd.	7.33%
Prachi Agriculture & Properties Pvt. Ltd.	4.46%
Ghanshyam Sarda	3.76%
Uma Sarda - Trustee to K K Sarda Family Trust	2.76%
K.K. Sarda - Trustee to Uma Sarda Family Trust	2.76%
Anant Sarda	2.23%
Manish J Sarda	2.14%
Neeraj Sarda	1.99%
Pankaj Sarda	1.91%
Kamal Kishore Sarda	1.60%
Vipula Sarda	1.18%
Uma Sarda	0.67%
Chhattisgarh Investments Ltd. (Firm - CIL, SAPPL and PAPPL)	0.41%
Aditya Ghanshyam Sarda	0.32%

Public holders above 1%	%
Mukul Mahavir Agrawal	1.14%

92,719 shareholders. Pledged: 0.00% of promoter shares.

Peers in Iron & Steel

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
JSWSTEEL	₹3,07,440 cr	12.4x	3.1x	27.6%	21.2%	25.8%	+3.8%	0.22%
TATASTEEL	₹2,11,990 cr	19.2x	2.1x	11.4%	12.1%	14.6%	-1.6%	2.12%
JINDALSTEL	₹1,05,841 cr	38.9x	2.1x	5.5%	7.4%	15.0%	+0.3%	0.20%
SAIL	₹70,136 cr	16.4x	1.2x	7.2%	8.0%	11.3%	+2.0%	0.94%
JSL	₹56,775 cr	17.0x	2.7x	17.0%	17.8%	12.4%	+6.4%	0.43%
SARDAEN	₹15,738 cr	13.9x	2.1x	16.6%	17.6%	32.4%	+10.6%	0.34%
NSLNISP	₹11,300 cr	124.4x	0.9x	0.6%	3.3%	10.8%	–	–
SANDUMA	₹7,632 cr	10.7x	2.3x	24.4%	25.5%	22.9%	–	0.27%
JAIBALAJI	₹5,738 cr	39.8x	2.5x	6.6%	10.1%	6.0%	-1.9%	–
VISL	₹5,238 cr	–	–	–	–	–	–	–

All 14 companies in Iron & Steel →

Business segments (FY26)

Segment	Revenue	Share	EBIT	Margin
Power	₹2,846 cr	44.2%	₹1,095 cr	38.5%
Steel	₹1,921 cr	29.8%	₹318 cr	16.6%
Ferro Alloys	₹1,656 cr	25.7%	₹263 cr	15.9%
Unallocated	₹20 cr	0.3%	₹0 cr	0.0%

Dividends & corporate actions

Ex-date	Action	Detail
2026-08-14	Dividend	Dividend - Rs 2 Per Share
2025-08-22	Dividend	Dividend - Rs1.50 Per Share
2024-08-30	Dividend	Dividend - Re 1 Per Share
2023-09-08	Dividend	Dividend - Re 0.75 Per Share/Special Dividend - Re 0.75 Per Share
2023-08-04	Split	Face Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share
2022-05-05	Dividend	Interim Dividend - Rs 7.50 Per Share
2022-05-05	Buyback	Buy Back
2021-08-18	Dividend	Dividend - Rs 7.50 Per Share
2020-09-10	Dividend	Dividend - Rs 5 Per Share
2019-08-14	Dividend	Dividend - Rs 5 Per Share
2018-08-23	Dividend	Dividend- Rs 5 Per Share
2017-08-16	Dividend	Dividend - Rs 4/- Per Share
2016-03-17	Dividend	Interim Dividend - Rs 2/- Per Share (Purpose Revised)
2015-08-06	Dividend	Dividend - Rs 3/- Per Share
2014-08-27	Dividend	Dividend - Rs 3/- Per Share
2013-08-22	Dividend	Annual General Meeting / Dividend - Rs 3/- Per Share
2012-06-28	Dividend	Dividend - Rs.3/- Per Share
2011-08-17	Dividend	Annual General Meeting/Dividend Rs 3 Per Share
2010-05-28	Dividend	Dividend-Rs.3/- Per Share

Documents

Links go to the original files on the exchange website.

About the company

Manufacturing: Iron & Steel
Manufacturing: Ferro Alloys
Manufacturing: Power


Sector	Commodities
Industry	Iron & Steel
Sub-industry	Iron & Steel
Symbol	SARDAEN
BSE code	504614
ISIN	INE385C01021
Face value	₹1.0
Incorporated	1973-06-23
Website	www.seml.co.in
Plants (India / abroad)	5 / 0

From the company's filings (BRSR FY26).

Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.