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.
Latest news on Shyam Metalics & Energy
Shyam Metalics & Energy has made significant strides in its operations with the commissioning of a new blast furnace and the launch of a state-of-the-art sinter plant at its Jamuria facility. This strategic expansion, backed by an investment of ₹600 crore, is set to bolster the company’s production capacity and cater to the increasing demand for high-quality steel products. The move underscores Shyam Metalics & Energy’s commitment to scaling its operations and reinforcing its position in the steel industry, aligning with its vision for sustainable growth and enhanced market presence.
Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | |
Promoters + | 81.62% | 81.62% | 74.59% | 74.59% | 74.59% |
FIIs + | 1.84% | 1.98% | 2.35% | 2.25% | 3.48% |
DIIs + | 4.35% | 3.72% | 4.45% | 5.39% | 6.18% |
Public + | 11.78% | 12.26% | 18.22% | 17.40% | 15.36% |
Others + | 0.43% | 0.43% | 0.39% | 0.39% | 0.39% |
No. of Shareholders | 1,30,019 | 1,24,167 | 1,22,770 | 1,20,726 | 1,27,474 |
The shareholding pattern of Shyam Metalics & Energy underwent significant changes from September 2023 to September 2024. Promoter holdings, initially stable at 81.62%, dropped to 74.59% in March 2024 and remained unchanged thereafter, indicating a partial stake dilution. FIIs increased their stake consistently from 1.84% to 3.48%, reflecting growing global investor interest, while DIIs also expanded their holdings from 4.35% to 6.18%, showcasing strong domestic institutional confidence. Public shareholding fluctuated, peaking at 18.22% in March 2024 before settling at 15.36% by September 2024. Despite fluctuations, the number of shareholders rebounded to 1,27,474 by September 2024, highlighting a stable and diverse investor base.
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 |
December 2024 | 905.45 | 787.35 |
By December, the maximum price of Shyam Metalics & Energy is projected to reach ₹905.45, while the minimum price is anticipated to be ₹787.35.
When | Maximum Price | Minimum Price |
January 2025 | 914.51 | 703.47 |
February 2025 | 923.75 | 710.57 |
March 2025 | 943.14 | 725.50 |
April 2025 | 933.81 | 718.31 |
May 2025 | 906.61 | 697.39 |
June 2025 | 947.41 | 728.77 |
July 2025 | 928.83 | 714.48 |
August 2025 | 957.56 | 736.58 |
September 2025 | 969.05 | 745.42 |
October 2025 | 994.24 | 764.80 |
November 2025 | 1,019.10 | 783.92 |
December 2025 | 1,064.96 | 819.20 |
As we move through 2025, Shyam Metalics & Energy is projected to show consistent growth. January may see prices between ₹703.47 and ₹914.51, gradually rising to ₹943.14 and ₹725.50 by March. Mid-year trends suggest a range of ₹697.39 to ₹947.41 in May and June. By September, the stock could climb between ₹745.42 and ₹969.05, with October and November expected to reach ₹994.24 and ₹1,019.10, respectively. As we move into December, prices are anticipated to peak at ₹1,064.96, with a minimum of ₹819.20, reflecting a strong year-end performance.
When | Maximum Price | Minimum Price |
January 2026 | 1,096.91 | 843.77 |
February 2026 | 1,069.48 | 822.68 |
March 2026 | 1,090.87 | 839.13 |
April 2026 | 1,113.14 | 856.26 |
May 2026 | 1,102.11 | 847.78 |
June 2026 | 1,129.67 | 868.97 |
July 2026 | 1,107.52 | 851.94 |
August 2026 | 1,141.77 | 878.28 |
September 2026 | 1,164.61 | 895.85 |
October 2026 | 1,194.89 | 919.14 |
November 2026 | 1,224.76 | 942.12 |
December 2026 | 1,255.38 | 965.67 |
When | Maximum Price | Minimum Price |
January 2027 | 1,267.93 | 975.33 |
February 2027 | 1,300.44 | 1,000.34 |
March 2027 | 1,351.16 | 1,039.35 |
April 2027 | 1,324.66 | 1,018.97 |
May 2027 | 1,286.08 | 989.29 |
June 2027 | 1,343.96 | 1,033.81 |
July 2027 | 1,317.60 | 1,013.54 |
August 2027 | 1,358.35 | 1,044.89 |
September 2027 | 1,405.90 | 1,081.46 |
October 2027 | 1,442.45 | 1,109.58 |
November 2027 | 1,478.51 | 1,137.32 |
December 2027 | 1,515.47 | 1,165.75 |
When | Maximum Price | Minimum Price |
January 2028 | 1,545.78 | 1,189.06 |
February 2028 | 1,585.42 | 1,219.55 |
March 2028 | 1,647.25 | 1,267.12 |
April 2028 | 1,614.95 | 1,242.27 |
May 2028 | 1,567.91 | 1,206.09 |
June 2028 | 1,638.47 | 1,260.36 |
July 2028 | 1,606.34 | 1,235.65 |
August 2028 | 1,656.02 | 1,273.86 |
September 2028 | 1,713.99 | 1,318.45 |
October 2028 | 1,758.55 | 1,352.73 |
November 2028 | 1,802.51 | 1,386.55 |
December 2028 | 1,847.58 | 1,421.21 |
When | Maximum Price | Minimum Price |
January 2029 | 1,884.53 | 1,449.64 |
February 2029 | 1,932.85 | 1,486.81 |
March 2029 | 2,008.23 | 1,544.79 |
April 2029 | 1,968.85 | 1,514.50 |
May 2029 | 1,911.51 | 1,470.39 |
June 2029 | 1,997.52 | 1,536.56 |
July 2029 | 1,958.36 | 1,506.43 |
August 2029 | 2,018.93 | 1,553.02 |
September 2029 | 2,089.59 | 1,607.38 |
October 2029 | 2,143.92 | 1,649.17 |
November 2029 | 2,197.52 | 1,690.40 |
December 2029 | 2,252.45 | 1,732.66 |
When | Maximum Price | Minimum Price |
January 2030 | 2,297.50 | 1,767.31 |
February 2030 | 2,356.41 | 1,812.62 |
March 2030 | 2,448.31 | 1,883.32 |
April 2030 | 2,400.31 | 1,846.39 |
May 2030 | 2,330.39 | 1,792.61 |
June 2030 | 2,435.26 | 1,873.28 |
July 2030 | 2,387.51 | 1,836.55 |
August 2030 | 2,461.35 | 1,893.35 |
September 2030 | 2,547.50 | 1,959.62 |
October 2030 | 2,613.73 | 2,010.57 |
November 2030 | 2,679.08 | 2,060.83 |
December 2030 | 2,746.06 | 2,112.35 |
As we step into 2030, Shyam Metalics & Energy is expected to showcase significant price growth throughout the year. In January, the prices may range between ₹1,767.31 and ₹2,297.50, rising steadily to ₹2,448.31 and ₹1,883.32 by March. Mid-year projections for May and June suggest ranges of ₹1,792.61 to ₹2,330.39 and ₹1,873.28 to ₹2,435.26, respectively. By September, prices might climb to a range of ₹1,959.62 to ₹2,547.50, with further upward movement in October and November, expected between ₹2,010.57 and ₹2,613.73 and ₹2,060.83 and ₹2,679.08. As we step into December, Shyam Metalics & Energy is likely to reach its peak for the year, with prices anticipated to range between ₹2,112.35 and ₹2,746.06.
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 | 12,658 | 13,195 | 14,167 |
Expenses + | 3,710 | 4,903 | 7,793 | 11,159 | 11,625 | 12,424 |
Operating Profit | 666 | 1,394 | 2,601 | 1,499 | 1,570 | 1,743 |
OPM % | 15% | 22% | 25% | 12% | 12% | 12% |
Other Income + | 12 | 24 | 59 | 105 | 159 | 217 |
Interest | 86 | 62 | 23 | 93 | 133 | 118 |
Depreciation | 297 | 300 | 272 | 474 | 656 | 601 |
Profit before tax | 295 | 1,055 | 2,364 | 1,037 | 940 | 1,240 |
Tax % | -15% | 20% | 27% | 19% | -9% | |
Net Profit + | 340 | 844 | 1,724 | 843 | 1,029 | 840 |
EPS in Rs | 14.56 | 36.1 | 67.61 | 33.43 | 37.07 | 30.43 |
Dividend Payout % | 0% | 14% | 7% | 5% | 12% |
Shyam Metalics & Energy has shown robust growth and resilience across its financial performance from 2020 to 2024. Sales steadily increased from ₹4,376 crore in March 2020 to ₹13,195 crore in March 2024, with the trailing twelve months (TTM) reaching ₹14,167 crore. Despite escalating expenses, operating profit improved significantly from ₹666 crore in March 2020 to ₹1,743 crore in the TTM, although the operating profit margin (OPM) peaked at 25% in March 2022 before stabilizing at 12% thereafter.
Other income witnessed a notable rise, climbing from ₹12 crore in March 2020 to ₹217 crore in the TTM, highlighting diversified earnings. Shyam Metalics & Energy maintained controlled interest costs, with ₹86 crore in March 2020 decreasing to ₹118 crore in the TTM, despite higher debt usage. Depreciation grew from ₹297 crore in March 2020 to ₹601 crore in the TTM, reflecting ongoing capital investment.
Profit before tax peaked at ₹2,364 crore in March 2022 but moderated to ₹1,240 crore in the TTM. Net profit followed a similar trajectory, reaching ₹1,724 crore in March 2022 and settling at ₹840 crore in the TTM, with an improved EPS of ₹37.07 in March 2024. The company maintained a modest dividend payout, which increased from 0% in March 2020 to 12% in March 2024, showcasing commitment to shareholder returns while reinvesting in growth.
FAQS
As of 6th December 2024, the current share price of Shyam Metalics and Energy Ltd is 851 INR.
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Conclusion
In conclusion, Shyam Metalics & Energy Ltd. has established itself as a leading player in the Indian metals sector, marked by consistent financial growth, strategic expansions, and a robust market presence. The company’s shareholding patterns reflect increasing institutional interest, while its share price projections for 2025 to 2030 indicate a promising upward trajectory, driven by sustained demand and operational efficiencies. Financially, SMEL has demonstrated resilience, with notable increases in sales and operating profits despite fluctuations in profitability margins. The company’s focus on strategic investments and manufacturing enhancements positions it for continued growth and competitiveness in the dynamic metals industry.
What did we learn?
- 1 Latest news on Shyam Metalics & Energy
- 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 Prediction 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 FAQS
- 7 Conclusion