Sarda Energy & Minerals Ltd
₹440.90-₹16.15 (-3.5%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹17,028 Cr
- P/E
- 18.3x
- EV / EBITDA
- 24.0x
- Revenue
- ₹3,484 Cr
- Net margin
- 17.1%
- ROCE
- 14.1%
Price chart
Technical chartScreen technicals →-17.8% 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
- -11.2%
- 3M
- -13.9%
- 6M
- -25.4%
- 1Y
- -17.8%
- 5Y
- +379.8%
52-week range
Day change -₹16.15 (-3.5%) from ₹457 to ₹441 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in SARDAEN, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong 5-year net profit CAGR of 20.7%
Concerns1
- Negative free cash flow (₹1284 Cr)
Rule-based from financial data. Not advice.
About the company
Sarda Energy & Minerals Limited produces and sells steel products in India and internationally. The company product portfolio includes pellets, sponge iron, steel billets and wire rods, ferro alloys, eco-bricks, and HB wires. It is also involved in coal and iron ore mining, as well as operation of hydro, thermal, and solar power plants. Sarda Energy & Minerals Limited was incorporated in 1973 and is headquartered in Raipur, India.
- Sector
- Materials
- Shares outstanding
- 35.3 Cr shares
- ISIN
- INE385C01021
- BSE code
- 504614
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹17,028 Cr
- P/E
- 18.3x
- P/B
- 2.7x
- EV / EBITDA
- 24.0x
- EV / Sales
- 6.1x
- P/S
- 6.2x
- Earnings yield
- 5.5%
- 52-week high
- ₹612.25
- 52-week low
- ₹440.90
Profitability
- Operating margin
- 18.8%
- Net margin
- 17.1%
- EBITDA margin
- 25.6%
- ROE
- 13.3%
- ROCE
- 14.1%
- ROA
- 12.0%
- Dividend payout
- 8.0%
- Tax rate
- 24.0%
- Other income, % of PBT
- 30.0%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹3,484 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.
- 27.5%
- 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.
- 13.9%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹699 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.
- -24.7%
- 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.
- 30.5%
- 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.
- 20.7%
- 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.
- ₹877 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.
- 130.8%
- 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.
- -₹52.0 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.
- 11.0%
Solvency and efficiency
- Current ratio
- 13.59
- Debt / Equity
- 0.04
- Debt / Assets
- 0.03
- Debt / EBITDA
- 0.19
- Interest coverage
- 28.56
- Financial leverage
- 1.11
- CFO / Net profit
- 1.88
- Cash / Market cap
- 10.9%
- Cash per share
- ₹52.79
- Asset turnover
- 0.70
- Fixed asset turnover
- 4.70
- Capital intensity
- 0.21
- Debtor days
- 6 days
- Inventory turnover
- 5.14
- Cash conversion cycle
- 62 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹17 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹2,528 Cr |
| Sales | Operating profit | ₹956 Cr |
| Operating profit | Interest | ₹97 Cr |
| Operating profit | Depreciation | ₹150 Cr |
| Operating profit | Profit before tax | ₹709 Cr |
| Other income | Profit before tax | ₹120 Cr |
| Profit before tax | Tax and other | ₹221 Cr |
| Profit before tax | Net profit | ₹608 Cr |
Revenue and net profit
Revenue grew 27.5% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹1,595 Cr | ₹297 Cr |
| FY2022 | ₹2,642 Cr | ₹660 Cr |
| FY2023 | ₹3,020 Cr | ₹638 Cr |
| FY2024 | ₹2,733 Cr | ₹466 Cr |
| FY2025 | ₹3,484 Cr | ₹608 Cr |
Cash flows
FY2025: ₹550 Cr from operations, -₹1,284 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹199 Cr | ₹173 Cr |
| FY2022 | ₹585 Cr | ₹167 Cr |
| FY2023 | ₹380 Cr | ₹215 Cr |
| FY2024 | ₹877 Cr | ₹154 Cr |
| FY2025 | ₹550 Cr | -₹1,284 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹3,484 Cr+27.5%1Y
- Net profit
- ₹608 Cr+30.5%1Y
- Cash from operations
- ₹550 Cr
- Free cash flow
- -₹1,284 Cr-933.8%1Y
- Revenue CAGR, 5Y
- 13.9%
- EBITDA CAGR, 5Y
- 18.4%
- Net profit CAGR, 5Y
- 20.7%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹3,484 Cr | ₹956 Cr | — | ₹608 Cr | ₹550 Cr | -₹1,284 Cr | 10.4% | +27.5% | +30.5% |
Monthly returns
Month-by-month returns of SARDAEN 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 | ₹7,826 Cr |
| Equity capital | ₹35 Cr |
| Reserves | ₹5,784 Cr |
| Borrowings | ₹1,537 Cr |
| Other liabilities | ₹470 Cr |
| Assets | ₹7,826 Cr |
| Fixed assets | ₹3,660 Cr |
| Capital work in progress | ₹212 Cr |
| Investments | ₹1,429 Cr |
| Other assets | ₹2,526 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
SARDAEN trades at 18.3x earnings against a peer median of 35.5x (a 48% discount).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Sarda Energy & Minerals LtdSARDAENthis companyP/E ↓ discount | ₹17,028 Cr | 18.3x | 2.7x | 13.3% | 24.0x |
| Gujarat Mineral Development CorporaGMDCLTD | ₹18,131 Cr | 27.5x | 2.7x | 9.8% | 19.5x |
| Atul Limited.ATUL | ₹18,048 Cr | 37.0x | 3.1x | 7.6% | 25.5x |
| Chambal Fertilisers & Chemicals LtdCHAMBLFERT | ₹17,739 Cr | 9.6x | 1.8x | 18.7% | 7.8x |
| ADITYA BIRLA REAL ESTATE LIMITEDABREL | ₹17,331 Cr | 121.0x | 3.9x | 3.4% | 46.5x |
| JSW CEMENT LIMITEDJSWCEMENT | ₹16,674 Cr | 86.4x | 2.5x | 8.2% | 20.5x |
| Vinati Organics Ltd.VINATIORGA | ₹16,332 Cr | 35.1x | 5.5x | 13.1% | 31.6x |
| BASF India LtdBASF | ₹15,644 Cr | 40.7x | 4.1x | 17.5% | 15.0x |
| Deepak Fertilizers &PetrochemicalsDEEPAKFERT | ₹15,469 Cr | 40.9x | 4.5x | 9.9% | 29.3x |
| Peer median | — | 35.5x | 3.7x | 12.9% | 19.2x |
Year-to-date ROI
SARDAEN since 1 January, against earlier years.
Historical volatility
SARDAEN'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 | 23.0% |
| FY2022 | 33.0% |
| FY2023 | 28.0% |
| FY2024 | 19.0% |
| FY2025 | 27.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹3,484 Cr |
| Costs | |
| Interest | ₹97 Cr |
| Expenses | ₹2,528 Cr |
| Operating profitOperating Profit | ₹956 Cr |
| Other income and charges | |
| Profit before tax | ₹829 Cr |
| Tax | |
| Net profitNet Profit | ₹608 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹7,826 Cr |
| Equity capitalEquity Capital | ₹35 Cr |
| Reserves | ₹5,784 Cr |
| Borrowings | ₹1,537 Cr |
| Other liabilitiesOther Liabilities | ₹470 Cr |
| AssetsTotal Assets | ₹7,826 Cr |
| Fixed assetsFixed Assets | ₹3,660 Cr |
| Capital work in progressCWIP | ₹212 Cr |
| Investments | ₹1,429 Cr |
| Other assetsOther Assets | ₹2,526 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹550 Cr |
| Investing cash flowCash from Investing Activity | -₹1,834 Cr |
| Financing cash flowCash from Financing Activity | ₹1,232 Cr |
| Change in cashNet Cash Flow | -₹52 Cr |
Learn while you research
Academy chapters picked for Sarda Energy & Minerals 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 Investing27% 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