Sandur Manganese & Iron Ores Ltd.
₹162.00-₹6.00 (-3.6%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹11,074 Cr
- P/E
- 21.9x
- EV / EBITDA
- 27.3x
- Revenue
- ₹1,939 Cr
- Net margin
- 19.0%
- ROCE
- 14.0%
Price chart
Technical chartScreen technicals →-26.8% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -11.1%
- 3M
- -24.3%
- 6M
- -23.1%
- 1Y
- -26.8%
- 5Y
- +50.9%
52-week range
Day change -₹6.00 (-3.6%) from ₹168 to ₹162 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in SANDUMA, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 16.2%
Concerns1
- Negative free cash flow (₹821 Cr)
Rule-based from financial data. Not advice.
About the company
The Sandur Manganese & Iron Ores Limited, together with its subsidiary, engages in the mining of manganese and iron ores in Deogiri village of Ballari District, Karnataka. It operates through three segments: Mining, Ferroalloys, and Coke and Energy. The company also manufactures and sells ferroalloys and coke. In addition, it generates power through a 32-megawatt thermal power plant.
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The Sandur Manganese & Iron Ores Limited, together with its subsidiary, engages in the mining of manganese and iron ores in Deogiri village of Ballari District, Karnataka. It operates through three segments: Mining, Ferroalloys, and Coke and Energy. The company also manufactures and sells ferroalloys and coke. In addition, it generates power through a 32-megawatt thermal power plant. The company serves steel manufacturers and ferroalloy producers. It also exports its products. The company was incorporated in 1954 and is based in Bengaluru, India. The Sandur Manganese & Iron Ores Limited is a subsidiary of Skand Private Limited.
- Sector
- Energy
- Shares outstanding
- 48.6 Cr shares
- ISIN
- INE149K01016
- BSE code
- 504918
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹11,074 Cr
- P/E
- 21.9x
- P/B
- 4.0x
- EV / EBITDA
- 27.3x
- EV / Sales
- 8.8x
- P/S
- 8.8x
- Earnings yield
- 4.6%
- 52-week high
- ₹264.70
- 52-week low
- ₹156.65
Profitability
- Operating margin
- 25.6%
- Net margin
- 19.0%
- EBITDA margin
- 32.1%
- ROE
- 11.0%
- ROCE
- 14.0%
- ROA
- 9.2%
- Dividend payout
- 7.0%
- Tax rate
- 27.0%
- Other income, % of PBT
- 25.3%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,939 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 54.9%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 16.2%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹402 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -11.1%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 87.0%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 10.1%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹154 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 7.7%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹20.0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 2.4%
Solvency and efficiency
- Current ratio
- 5.26
- Debt / Equity
- 0.06
- Debt / Assets
- 0.05
- Debt / EBITDA
- 0.33
- Interest coverage
- 16.00
- Financial leverage
- 1.20
- CFO / Net profit
- 0.65
- Cash / Market cap
- 9.8%
- Cash per share
- ₹22.38
- Asset turnover
- 0.48
- Fixed asset turnover
- 1.41
- Capital intensity
- 0.71
- Debtor days
- 10 days
- Inventory turnover
- 0.46
- Cash conversion cycle
- 529 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹23 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹1,283 Cr |
| Sales | Operating profit | ₹656 Cr |
| Operating profit | Interest | ₹73 Cr |
| Operating profit | Depreciation | ₹60 Cr |
| Operating profit | Profit before tax | ₹523 Cr |
| Other income | Profit before tax | ₹73 Cr |
| Profit before tax | Tax and other | ₹152 Cr |
| Profit before tax | Net profit | ₹445 Cr |
Revenue and net profit
Revenue grew 54.9% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹747 Cr | ₹154 Cr |
| FY2022 | ₹2,249 Cr | ₹675 Cr |
| FY2023 | ₹2,126 Cr | ₹271 Cr |
| FY2024 | ₹1,252 Cr | ₹238 Cr |
| FY2025 | ₹1,939 Cr | ₹445 Cr |
Cash flows
FY2025: ₹659 Cr from operations, -₹821 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹340 Cr | ₹91 Cr |
| FY2022 | ₹837 Cr | ₹80 Cr |
| FY2023 | ₹143 Cr | ₹113 Cr |
| FY2024 | ₹154 Cr | ₹105 Cr |
| FY2025 | ₹659 Cr | -₹821 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹1,939 Cr+54.9%1Y
- Net profit
- ₹445 Cr+87.0%1Y
- Cash from operations
- ₹659 Cr
- Free cash flow
- -₹821 Cr-881.9%1Y
- Revenue CAGR, 5Y
- 16.2%
- EBITDA CAGR, 5Y
- 14.9%
- Net profit CAGR, 5Y
- 10.1%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹1,939 Cr | ₹656 Cr | — | ₹445 Cr | ₹659 Cr | -₹821 Cr | 17.2% | +54.9% | +87.0% |
Monthly returns
Month-by-month returns of SANDUMA across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹3,932 Cr |
| Equity capital | ₹162 Cr |
| Reserves | ₹2,423 Cr |
| Borrowings | ₹1,022 Cr |
| Other liabilities | ₹325 Cr |
| Assets | ₹3,932 Cr |
| Fixed assets | ₹884 Cr |
| Capital work in progress | ₹121 Cr |
| Investments | ₹2,158 Cr |
| Other assets | ₹769 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
SANDUMA trades at 21.9x earnings against a peer median of 24.8x (a 12% discount).
Not shown (no positive earnings and no EV / Sales): Reliance Power Limited.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Sandur Manganese & Iron Ores Ltd.SANDUMAthis companyP/E ↓ discount | ₹11,074 Cr | 21.9x | 4.0x | 11.0% | 27.3x |
| Emmvee Photovoltaic Power LimitedEMMVEE | ₹14,711 Cr | 129.0x | — | 33.3% | 76.5x |
| Reliance Power LimitedRPOWER | ₹13,822 Cr | — | 1.4x | 0.5% | 119.5x |
| ACME Solar Holdings LimitedACMESOLAR | ₹13,620 Cr | 634.0x | 2.9x | 15.5% | 21.5x |
| Chennai Petroleum Corporation Ltd.CHENNPETRO | ₹12,244 Cr | 10.8x | 1.4x | 31.5% | 2.9x |
| Jaiprakash Power Ventures LimitedJPPOWER | ₹11,397 Cr | 15.4x | 0.9x | 6.0% | 8.2x |
| Mahanagar Gas LimitedMGL | ₹10,511 Cr | 10.6x | 1.7x | 25.1% | 5.2x |
| KPI Green Energy LimitedKPIGREEN | ₹8,822 Cr | 26.7x | 4.1x | 13.9% | 38.0x |
| Vikram Solar LimitedVIKRAMSOLR | ₹8,316 Cr | 32.4x | 2.8x | 14.5% | 22.1x |
| Peer median | — | 24.8x | 3.1x | 12.8% | 15.7x |
Year-to-date ROI
SANDUMA since 1 January, against earlier years.
Historical volatility
SANDUMA's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 37.0% |
| FY2022 | 43.0% |
| FY2023 | 18.0% |
| FY2024 | 26.0% |
| FY2025 | 34.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹1,939 Cr |
| Costs | |
| Interest | ₹73 Cr |
| Expenses | ₹1,282 Cr |
| Operating profitOperating Profit | ₹656 Cr |
| Other income and charges | |
| Profit before tax | ₹597 Cr |
| Tax | |
| Net profitNet Profit | ₹445 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹3,932 Cr |
| Equity capitalEquity Capital | ₹162 Cr |
| Reserves | ₹2,423 Cr |
| Borrowings | ₹1,022 Cr |
| Other liabilitiesOther Liabilities | ₹325 Cr |
| AssetsTotal Assets | ₹3,932 Cr |
| Fixed assetsFixed Assets | ₹884 Cr |
| Capital work in progressCWIP | ₹121 Cr |
| Investments | ₹2,158 Cr |
| Other assetsOther Assets | ₹769 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹659 Cr |
| Investing cash flowCash from Investing Activity | -₹1,480 Cr |
| Financing cash flowCash from Financing Activity | ₹800 Cr |
| Change in cashNet Cash Flow | -₹20 Cr |
Learn while you research
Academy chapters picked for Sandur Manganese & Iron Ores Ltd. and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Growth Investing55% revenue growth is in the top tier, learn how to value growth.7 min read
- 04 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 05 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 06 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read