Sandur Manganese & Iron Ores Ltd (SMIORE), established in 1954, is a leading mining company based in Karnataka, India, and a prominent player in the Sandur Group. The company specializes in the mining of low phosphorous manganese and iron ore in the Hosapete-Ballari region, which is known for its rich mineral reserves. SMIORE is the third-largest manganese ore miner in India, producing a range of products including manganese ore, iron ore, ferroalloys (such as silico-manganese and ferro-manganese), and coke. The company operates with a strong emphasis on scientific and sustainable mining practices, ensuring environmental protection and contributing to the local community through various social initiatives. Additionally, SMIORE has ventured into hospitality with the operation of the Shivavilas Palace, a heritage hotel that serves as a major tourist attraction in the region. With its diversified operations, focus on quality, and commitment to sustainability, SMIORE continues to strengthen its position as a key player in India’s mining and industrial sectors.
News on Sandur Manganese & Iron Ores
In a significant development, private equity firm ADV Partners has successfully exited its investment in Andhra Pradesh-based steelmaker Arjas Steel Pvt Ltd through a two-stage transaction. In April, ADV Partners sold an 80% stake in Arjas Steel to Sandur Manganese & Iron Ores Ltd (SMIORE), a prominent mining company known for its operations in manganese and iron ore mining. The remaining stake was sold earlier this month, completing the exit process. This strategic move marks a notable shift for ADV Partners, while SMIORE expands its footprint in the steel industry, further diversifying its portfolio. The acquisition aligns with SMIORE’s efforts to strengthen its position in the industrial sector and enhance its product offerings in ferroalloys and steel manufacturing.
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | |
| Promoters + | 74.26% | 74.22% | 74.22% | 74.22% | 74.22% |
| FIIs + | 0.33% | 0.43% | 0.70% | 0.77% | 0.99% |
| DIIs + | 0.64% | 1.26% | 1.42% | 1.45% | 1.46% |
| Public + | 24.78% | 24.07% | 23.67% | 23.56% | 23.34% |
| No. of Shareholders | 24,757 | 34,621 | 57,023 | 52,803 | 54,523 |
The shareholding pattern of Sandur Manganese & Iron Ores Ltd (SMIORE) has shown stability and gradual changes over the period from September 2023 to September 2024. The promoters have maintained a stronghold, consistently holding around 74.22% of the company’s shares, ensuring their dominant control. Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) have both increased their stakes, with FIIs rising from 0.33% to 0.99%, and DIIs growing from 0.64% to 1.46%, reflecting a rising interest from both international and domestic institutional investors. On the other hand, public shareholding has slightly decreased, from 24.78% in September 2023 to 23.34% in September 2024, as more shares appear to have been consolidated by promoters and institutional investors. Additionally, the number of shareholders has significantly increased from 24,757 in September 2023 to 54,523 in September 2024, indicating a growing interest in the company. This overall trend shows a stable control by the promoters, an increasing institutional presence, and a broadening shareholder base, highlighting Sandur Manganese & Iron Ores Ltd’s appeal in the market.
Below are the trading platforms that you can use to purchase Sandur Manganese & Iron Ores shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| December 2024 | 560.05 | 487.00 |
In December 2024, the stock is predicted to reach a maximum price of ₹560.05, while its minimum price is expected to be ₹487.00.
| When | Maximum Price | Minimum Price |
| January 2025 | 565.65 | 435.12 |
| February 2025 | 571.37 | 439.51 |
| March 2025 | 583.37 | 448.74 |
| April 2025 | 577.59 | 444.30 |
| May 2025 | 560.77 | 431.36 |
| June 2025 | 586.00 | 450.77 |
| July 2025 | 574.51 | 441.93 |
| August 2025 | 592.28 | 455.60 |
| September 2025 | 599.39 | 461.07 |
| October 2025 | 614.97 | 473.06 |
| November 2025 | 630.35 | 484.88 |
| December 2025 | 658.71 | 506.70 |
As we move through 2025, Sandur Manganese & Iron Ores is expected to see its stock price fluctuate significantly. In January, the price could reach a maximum of ₹565.65 and a minimum of ₹435.12. February may see a high of ₹571.37, while March could reach ₹583.37. By mid-year, prices are expected to peak at ₹586.00 in June, with fluctuations continuing through the year. In December, the stock is forecasted to reach ₹658.71 at its highest, with a minimum of ₹506.70.
| When | Maximum Price | Minimum Price |
| January 2026 | 678.47 | 521.90 |
| February 2026 | 661.51 | 508.86 |
| March 2026 | 674.74 | 519.03 |
| April 2026 | 688.51 | 529.62 |
| May 2026 | 681.70 | 524.38 |
| June 2026 | 698.74 | 537.49 |
| July 2026 | 685.04 | 526.95 |
| August 2026 | 706.22 | 543.25 |
| September 2026 | 720.35 | 554.11 |
| October 2026 | 739.08 | 568.52 |
| November 2026 | 757.55 | 582.73 |
| December 2026 | 776.49 | 597.30 |
| When | Maximum Price | Minimum Price |
| January 2027 | 784.26 | 603.28 |
| February 2027 | 804.37 | 618.74 |
| March 2027 | 835.74 | 642.87 |
| April 2027 | 819.35 | 630.27 |
| May 2027 | 795.49 | 611.91 |
| June 2027 | 831.28 | 639.45 |
| July 2027 | 814.98 | 626.91 |
| August 2027 | 840.19 | 646.30 |
| September 2027 | 869.60 | 668.92 |
| October 2027 | 892.20 | 686.31 |
| November 2027 | 914.51 | 703.47 |
| December 2027 | 937.37 | 721.06 |
| When | Maximum Price | Minimum Price |
| January 2028 | 956.12 | 735.48 |
| February 2028 | 980.64 | 754.34 |
| March 2028 | 1,018.88 | 783.75 |
| April 2028 | 998.90 | 768.39 |
| May 2028 | 969.81 | 746.01 |
| June 2028 | 1,013.45 | 779.58 |
| July 2028 | 993.58 | 764.29 |
| August 2028 | 1,024.31 | 787.93 |
| September 2028 | 1,060.16 | 815.51 |
| October 2028 | 1,087.72 | 836.71 |
| November 2028 | 1,114.92 | 857.63 |
| December 2028 | 1,142.79 | 879.07 |
| When | Maximum Price | Minimum Price |
| January 2029 | 1,165.64 | 896.65 |
| February 2029 | 1,195.53 | 919.64 |
| March 2029 | 1,242.16 | 955.51 |
| April 2029 | 1,217.80 | 936.77 |
| May 2029 | 1,182.33 | 909.49 |
| June 2029 | 1,235.54 | 950.41 |
| July 2029 | 1,211.31 | 931.78 |
| August 2029 | 1,248.77 | 960.60 |
| September 2029 | 1,292.48 | 994.22 |
| October 2029 | 1,326.09 | 1,020.07 |
| November 2029 | 1,359.24 | 1,045.57 |
| December 2029 | 1,393.22 | 1,071.71 |
| When | Maximum Price | Minimum Price |
| January 2030 | 1,421.08 | 1,093.14 |
| February 2030 | 1,457.52 | 1,121.17 |
| March 2030 | 1,514.36 | 1,164.90 |
| April 2030 | 1,484.67 | 1,142.05 |
| May 2030 | 1,441.43 | 1,108.79 |
| June 2030 | 1,506.29 | 1,158.69 |
| July 2030 | 1,476.76 | 1,135.97 |
| August 2030 | 1,522.43 | 1,171.10 |
| September 2030 | 1,575.71 | 1,212.09 |
| October 2030 | 1,616.68 | 1,243.60 |
| November 2030 | 1,657.10 | 1,274.69 |
| December 2030 | 1,698.53 | 1,306.56 |
In 2030, Sandur Manganese & Iron Ores’ stock price is expected to experience significant growth. In January, the price may peak at ₹1,421.08, with a minimum of ₹1,093.14. By February, the stock could rise to ₹1,457.52 at its highest and reach ₹1,121.17 at its lowest. The trend will continue upward, with March seeing a maximum of ₹1,514.36 and a minimum of ₹1,164.90. The stock price will likely remain strong, reaching ₹1,698.53 by December, with a minimum of ₹1,306.56.
Financial Condition of Sandur Manganese & Iron Ores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 592 | 747 | 2,249 | 2,126 | 1,252 | 1,567 |
| Expenses + | 396 | 470 | 1,275 | 1,733 | 932 | 1,113 |
| Operating Profit | 195 | 276 | 974 | 393 | 320 | 454 |
| OPM % | 33% | 37% | 43% | 18% | 26% | 29% |
| Other Income + | 6 | 13 | 35 | 59 | 82 | 93 |
| Interest | 7 | 13 | 38 | 28 | 20 | 18 |
| Depreciation | 19 | 27 | 56 | 64 | 58 | 58 |
| Profit before tax | 175 | 250 | 915 | 359 | 324 | 471 |
| Tax % | 16% | 38% | 26% | 25% | 27% | |
| Net Profit + | 147 | 154 | 675 | 271 | 238 | 350 |
| EPS in Rs | 9.1 | 9.5 | 41.67 | 16.72 | 14.69 | 21.61 |
| Dividend Payout % | 4% | 6% | 1% | 5% | 68% |
Sandur Manganese & Iron Ores Ltd (SMIORE) has experienced notable fluctuations in its financial performance over the past few years. In 2020, the company reported sales of ₹592 Crores, which increased significantly to ₹2,249 Crores in 2022, reflecting a period of strong growth. However, sales declined in 2023 to ₹2,126 Crores and further dropped to ₹1,252 Crores in 2024. These reductions in sales can be attributed to market volatility, global demand shifts, and broader economic challenges. Despite the decline, the trailing twelve months (TTM) sales as of 2024 stood at ₹1,567 Crores, indicating a recovery after a difficult period.
On the expense side, SMIORE’s costs rose from ₹396 Crores in 2020 to ₹1,275 Crores in 2022 due to higher production costs and raw material prices. Expenses increased further to ₹1,733 Crores in 2023 before falling to ₹932 Crores in 2024. This decline in expenses suggests that the company took measures to optimize operations and reduce overhead costs. Operating profit followed a similar pattern, peaking at ₹974 Crores in 2022, before dropping to ₹393 Crores in 2023 and ₹320 Crores in 2024. Operating Profit Margin (OPM) was 43% in 2022 but decreased to 18% in 2023. However, the company managed to stabilize the margin at 26% in 2024, with TTM OPM at 29%, signaling operational improvements.
Regarding profitability, SMIORE’s net profit stood at ₹147 Crores in 2020, rising sharply to ₹675 Crores in 2022 due to favorable market conditions for manganese and iron ore. However, net profit fell to ₹271 Crores in 2023 and further to ₹238 Crores in 2024. The TTM net profit of ₹350 Crores suggests a rebound, indicating the company’s resilience. The Earnings Per Share (EPS) also followed this trend, increasing to ₹41.67 in 2022 before falling to ₹14.69 in 2024. The dividend payout ratio saw a significant rise to 68% in 2024, likely reflecting the company’s commitment to rewarding shareholders despite the challenges.
FAQs
What is Sandur Manganese & Iron Ores’s current market capitalization?
Sandur Manganese & Iron Ores’s current market capitalization is ₹8,186 Crores.
The projected share price target for Sandur Manganese & Iron Ores in 2025 ranges from ₹431.36 to ₹658.71.
Sandur Manganese & Iron Ores’s forecasted share price target for 2030 ranges from ₹1,093.14 to ₹1,698.53.
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Conclusion
In conclusion, Sandur Manganese & Iron Ores Ltd (SMIORE) has demonstrated resilience and adaptability in both its operations and financial performance. Despite a decline in sales over the past couple of years, the company has shown a recovery trend in its recent TTM results. The acquisition of Arjas Steel Pvt Ltd represents a significant strategic move, expanding SMIORE’s presence in the steel industry and diversifying its portfolio. Shareholding patterns indicate stable control by the promoters, with a growing institutional interest and an expanding shareholder base. Looking forward, the company’s stock price is expected to experience significant growth through 2025 to 2030, reflecting its strong position in the mining and steel sectors. With its ongoing focus on quality and sustainability, SMIORE is poised for continued success and long-term growth in the industrial landscape.
Having said that, we are not a financial advisor. Please consult a SEBI-registered financial advisor before trading Sandur Manganese & Iron Ores. This post on Sandur Manganese & Iron Ores share price target from 2025 to 2030 is for educational purposes only.
What did we learn?
- 1 News on Sandur Manganese & Iron Ores
- 2 Shareholdings Patterns of Sandur Manganese & Iron Ores
- 3 How to Buy Sandur Manganese & Iron Ores shares?
- 4 Sandur Manganese & Iron Ores Share Price Target: 2024 to 2030
- 4.1 Sandur Manganese & Iron Ores Share Price Target 2024
- 4.2 Sandur Manganese & Iron Ores Share Price Target 2025
- 4.3 Sandur Manganese & Iron Ores Share Price Prediction 2026
- 4.4 Sandur Manganese & Iron Ores Share Price Target 2027
- 4.5 Sandur Manganese & Iron Ores Share Price Target 2028
- 4.6 Sandur Manganese & Iron Ores Share Price Target 2029
- 4.7 Sandur Manganese & Iron Ores Share Price Prediction 2030
- 5 Financial Condition of Sandur Manganese & Iron Ores
- 6 FAQs
- 7 Conclusion
