Shyam Metalics and Energy Ltd. (SMEL) is a prominent Indian metal-producing company headquartered in Kolkata, West Bengal. The company has established itself as a significant player in the metals and energy sector, specializing in the production of long product structural steel, ferro alloys, pellets, and sponge iron. These products are crucial for various industries, particularly in construction and infrastructure development. SMEL’s operations are supported by three strategically located manufacturing plants in Sambalpur, Odisha, and Jamuria and Mangalpur in West Bengal, regions known for their rich mineral resources and industrial activities.
In a significant milestone, SMEL was listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) on 24 June 2021. This Initial Public Offering (IPO) underscored the company’s strong market presence and investor confidence in its growth trajectory. The listing marked a new chapter in SMEL’s journey, enabling it to expand its market reach and solidify its position in the competitive metals industry. With a focus on quality production and strategic manufacturing locations, SMEL continues to drive its growth and success in the Indian metal sector.
Shyam Metalics Posts Strong Q1 FY25 Results: Net Profit Jumps 35% YoY to ₹276 Crore, Revenue Grows 8%
- Q1 FY25 Consolidated Net Profit: Increased by 35.31% YoY to ₹276.14 crore, compared to ₹204.08 crore in Q1 FY24.
- Revenue from Operations: Grew by 8.36% YoY to ₹3,611.61 crore in Q1 FY25.
- Profit Before Tax (PBT): Surged by 50.31% YoY to ₹374.13 crore in Q1 FY25.
- Total Expenses: Increased by 7.01% YoY to ₹3,123.88 crore in Q1 FY25.
- Cost of Raw Material Consumed: Rose by 14.18% YoY to ₹2,778.13 crore.
- Employee Benefit Expense: Increased by 6.23% YoY to ₹108.04 crore.
- Standalone Net Profit: Grew by 47.61% YoY to ₹162.86 crore in Q1 FY25.
- Standalone Revenue from Operations: Declined by 8.11% YoY to ₹1,558.67 crore in Q1 FY25.
- Company Overview: Shyam Metalics and Energy Ltd. is a leading integrated metal producer in India, focusing on long steel products and ferro alloys.
- Industry Position: Among the largest producers of ferro alloys, a leading player in pellet capacity, and the fourth largest in sponge iron production in India.
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | |
| Promoters + | 88.35% | 81.62% | 81.62% | 74.59% | 74.59% |
| FIIs + | 0.65% | 1.84% | 1.98% | 2.35% | 2.25% |
| DIIs + | 3.17% | 4.35% | 3.72% | 4.45% | 5.39% |
| Public + | 7.84% | 11.78% | 12.26% | 18.22% | 17.40% |
| Others + | 0.00% | 0.43% | 0.43% | 0.39% | 0.39% |
| No. of Shareholders | 1,46,165 | 1,30,019 | 1,24,167 | 1,22,770 | 1,20,726 |
- Promoters: The stake held by promoters has decreased from 88.35% in June 2023 to 74.59% in both March and June 2024.
- Foreign Institutional Investors (FIIs): FII ownership has seen a gradual increase, rising from 0.65% in June 2023 to 2.25% by June 2024.
- Domestic Institutional Investors (DIIs): DII holdings have grown from 3.17% in June 2023 to 5.39% in June 2024, indicating a steady increase in institutional investment.
- Public Shareholding: Public shareholding has significantly increased from 7.84% in June 2023 to 17.40% in June 2024, reflecting a growing interest from retail investors.
- Others: The category for ‘Others’ has remained relatively stable, fluctuating slightly from 0.00% in June 2023 to 0.39% in June 2024.
- Number of Shareholders: The total number of shareholders has decreased from 1,46,165 in June 2023 to 1,20,726 in June 2024, indicating a reduction in the number of individual investors or shareholding accounts.
Below are the trading platforms that you can use to purchase Shyam Metalics & Energy Ltd shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| August 2024 | 754.75 | 656.31 |
| September 2024 | 784.94 | 682.56 |
| October 2024 | 769.55 | 669.18 |
| November 2024 | 800.34 | 695.94 |
| December 2024 | 808.34 | 702.90 |
In August 2024, Shyam Metalics & Energy Ltd’s stock is expected to reach a maximum price of ₹754.75 and a minimum price of ₹656.31. By December 2024, the company’s stock is projected to attain a maximum price of ₹808.34 and a minimum price of ₹702.90.
| When | Maximum Price | Minimum Price |
| January 2025 | 816.42 | 628.02 |
| February 2025 | 824.67 | 634.36 |
| March 2025 | 841.99 | 647.68 |
| April 2025 | 833.65 | 641.27 |
| May 2025 | 809.37 | 622.59 |
| June 2025 | 845.79 | 650.61 |
| July 2025 | 829.21 | 637.85 |
| August 2025 | 854.85 | 657.58 |
| September 2025 | 865.11 | 665.47 |
| October 2025 | 887.60 | 682.77 |
| November 2025 | 909.79 | 699.84 |
| December 2025 | 950.73 | 731.33 |
As we step into January 2025, Shyam Metalics & Energy is projected to have a maximum price of ₹816.42 and a minimum price of ₹628.02. Moving towards December 2025, the maximum price is anticipated to rise to ₹950.73, while the minimum price is expected to be ₹731.33.
| When | Maximum Price | Minimum Price |
| January 2026 | 979.26 | 753.27 |
| February 2026 | 954.77 | 734.44 |
| March 2026 | 973.87 | 749.13 |
| April 2026 | 993.75 | 764.42 |
| May 2026 | 983.91 | 756.85 |
| June 2026 | 1,008.50 | 775.77 |
| July 2026 | 988.73 | 760.56 |
| August 2026 | 1,019.31 | 784.08 |
| September 2026 | 1,039.69 | 799.76 |
| October 2026 | 1,066.73 | 820.56 |
| November 2026 | 1,093.39 | 841.07 |
| December 2026 | 1,120.73 | 862.10 |
| When | Maximum Price | Minimum Price |
| January 2027 | 1,131.94 | 870.72 |
| February 2027 | 1,160.96 | 893.05 |
| March 2027 | 1,206.24 | 927.88 |
| April 2027 | 1,182.59 | 909.68 |
| May 2027 | 1,148.14 | 883.19 |
| June 2027 | 1,199.81 | 922.93 |
| July 2027 | 1,176.28 | 904.83 |
| August 2027 | 1,212.66 | 932.82 |
| September 2027 | 1,255.11 | 965.47 |
| October 2027 | 1,287.74 | 990.57 |
| November 2027 | 1,319.93 | 1,015.33 |
| December 2027 | 1,352.93 | 1,040.72 |
| When | Maximum Price | Minimum Price |
| January 2028 | 1,379.99 | 1,061.53 |
| February 2028 | 1,415.37 | 1,088.75 |
| March 2028 | 1,470.57 | 1,131.21 |
| April 2028 | 1,441.74 | 1,109.03 |
| May 2028 | 1,399.75 | 1,076.73 |
| June 2028 | 1,462.73 | 1,125.18 |
| July 2028 | 1,434.05 | 1,103.12 |
| August 2028 | 1,478.41 | 1,137.24 |
| September 2028 | 1,530.15 | 1,177.04 |
| October 2028 | 1,569.93 | 1,207.64 |
| November 2028 | 1,609.18 | 1,237.83 |
| December 2028 | 1,649.41 | 1,268.78 |
| When | Maximum Price | Minimum Price |
| January 2029 | 1,682.40 | 1,294.15 |
| February 2029 | 1,725.54 | 1,327.34 |
| March 2029 | 1,792.83 | 1,379.10 |
| April 2029 | 1,757.68 | 1,352.06 |
| May 2029 | 1,706.49 | 1,312.68 |
| June 2029 | 1,783.28 | 1,371.75 |
| July 2029 | 1,748.31 | 1,344.86 |
| August 2029 | 1,802.38 | 1,386.45 |
| September 2029 | 1,865.47 | 1,434.97 |
| October 2029 | 1,913.97 | 1,472.28 |
| November 2029 | 1,961.82 | 1,509.09 |
| December 2029 | 2,010.86 | 1,546.82 |
| When | Maximum Price | Minimum Price |
| January 2030 | 2,051.08 | 1,577.75 |
| February 2030 | 2,103.67 | 1,618.21 |
| March 2030 | 2,185.72 | 1,681.32 |
| April 2030 | 2,142.86 | 1,648.35 |
| May 2030 | 2,080.45 | 1,600.34 |
| June 2030 | 2,174.07 | 1,672.36 |
| July 2030 | 2,131.44 | 1,639.57 |
| August 2030 | 2,197.36 | 1,690.27 |
| September 2030 | 2,274.27 | 1,749.43 |
| October 2030 | 2,333.40 | 1,794.92 |
| November 2030 | 2,391.73 | 1,839.79 |
| December 2030 | 2,451.52 | 1,885.79 |
In January 2030, Shyam Metalics & Energy is projected to have a maximum price of ₹2,051.08 and a minimum price of ₹1,577.75. By December 2030, the maximum price is anticipated to rise to ₹2,451.52, while the minimum price is expected to be ₹1,885.79.
Financial Condition of Shyam Metalics & Energy Ltd
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 4,376 | 6,297 | 10,394 | 12,610 | 13,195 | 13,474 |
| Expenses + | 3,710 | 4,903 | 7,793 | 11,124 | 11,625 | 11,830 |
| Operating Profit | 666 | 1,394 | 2,601 | 1,486 | 1,570 | 1,644 |
| OPM % | 15% | 22% | 25% | 12% | 12% | 12% |
| Other Income + | 12 | 24 | 59 | 112 | 159 | 180 |
| Interest | 86 | 62 | 23 | 93 | 133 | 123 |
| Depreciation | 297 | 300 | 272 | 463 | 656 | 634 |
| Profit before tax | 295 | 1,055 | 2,364 | 1,042 | 940 | 1,067 |
| Tax % | -15% | 20% | 27% | 19% | -9% | |
| Net Profit + | 340 | 844 | 1,724 | 848 | 1,029 | 1,106 |
| EPS in Rs | 14.56 | 36.1 | 67.61 | 33.62 | 37.07 | 41.69 |
| Dividend Payout % | 0% | 14% | 7% | 5% | 7% |
Over the past five years, Shyam Metalics and Energy Ltd. has demonstrated significant financial fluctuations and growth. Sales have grown steadily from ₹4,376 crore in March 2020 to ₹13,195 crore in March 2024, with a slight increase to ₹13,474 crore on a trailing twelve-month (TTM) basis. Despite this, the company’s expenses have risen sharply, from ₹3,710 crore to ₹11,625 crore, resulting in a relatively stable operating profit margin of around 12% in recent years.
Operating profit peaked at ₹2,601 crore in March 2022 but decreased to ₹1,570 crore by March 2024, with the TTM operating profit slightly higher at ₹1,644 crore. Other income has shown a consistent increase, from ₹12 crore to ₹159 crore, contributing positively to the overall profitability. Interest expenses and depreciation costs have increased, impacting the profit before tax, which saw a decline from ₹2,364 crore in March 2022 to ₹940 crore in March 2024. Net profit, however, increased from ₹340 crore in March 2020 to ₹1,029 crore in March 2024, with an EPS rising from ₹14.56 to ₹37.07. The dividend payout percentage has varied, reflecting changes in profitability and financial strategy.
ICICI Securities Limited recommends purchasing Shyam Metalics and Energy Ltd with a target price of Rs 825.00.
FAQS
As of 11th August 2024, the current share price of Shyam Metalics and Energy Ltd is 744 INR.
The share price target for Shyam Metalics and Energy Ltd in 2025 ranges from ₹622.59 to ₹950.73, reflecting a dynamic performance with varying prices throughout the year.
The share price target for Shyam Metalics and Energy Ltd in 2025 ranges from ₹1,577.75 to ₹2,451.52.
Considering Shyam Metalics and Energy Ltd’ robust financial performance, consistent revenue and profit growth, and the positive outlook indicated by the share price targets, it appears to be a promising investment. However, potential investors should carefully assess market conditions, monitor the company’s future performance, and weigh the associated risks before making an investment decision.
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Conclusion
In conclusion, Shyam Metalics & Energy Ltd. has reported a highly commendable Q1 FY25, with a notable 35.31% increase in consolidated net profit to ₹276.14 crore, reflecting strong operational performance and efficient cost management. The 8.36% rise in revenue to ₹3,611.61 crore further underscores the company’s robust financial health. The significant 50.31% growth in profit before tax to ₹374.13 crore highlights its effective strategy in navigating market conditions. These results affirm Shyam Metalics & Energy Ltd.’s solid market position and promising growth trajectory.
What did we learn?
- 1 Shyam Metalics Posts Strong Q1 FY25 Results: Net Profit Jumps 35% YoY to ₹276 Crore, Revenue Grows 8%
- 2 Shareholding Patterns of Shyam Metalics & Energy Ltd
- 3 How to Purchase Shyam Metalics & Energy Ltd Shares in India?
- 4 Shyam Metalics & Energy Ltd Share Price Target 2024, 2025 to 2030
- 4.1 Shyam Metalics & Energy Ltd Share Price Target 2024
- 4.2 Shyam Metalics & Energy Ltd Share Price Prediction 2025
- 4.3 Shyam Metalics & Energy Ltd Share Price Target 2026
- 4.4 Shyam Metalics & Energy Ltd Share Price Target 2027
- 4.5 Shyam Metalics & Energy Ltd Share Price Target 2028
- 4.6 Shyam Metalics & Energy Ltd Share Price Target 2029
- 4.7 Shyam Metalics & Energy Ltd Share Price Prediction 2030
- 5 Financial Condition of Shyam Metalics & Energy Ltd
- 6 ICICI Securities Limited on Shyam Metalics and Energy Ltd share price target.
- 7 FAQS
- 8 Conclusion
