MarketFriction

Sandur Manganese & Iron Ores Ltd

NSE SANDUMA · BSE 504918 · Iron & Steel
₹177.67 -2.48%
NSE close2026-10-01
52 week range165.05 - 273.00
Market cap₹8,881 Cr.
P/E12.0
Microcap 250 Price band 20% Delivery 50.8%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1851535526022609521,3211,1351,2321,2091,5111,375
Expenses1471363444112237121,0058369609591,1251,031
Operating Profit371720819138240316299273251387343
OPM %20%11%38%32%14%25%24%26%22%21%26%25%
Other Income18153123252091512-42015
Interest5544541675457465526
Depreciation141515141438545153545451
Profit before tax361321919643180204209175147297281
Tax %26%25%26%25%26%23%23%20%21%21%20%19%
Net Profit27916414432137156167139116236228
EPS in Rs0.560.193.372.970.662.833.213.432.852.384.854.67
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3473512694346087022,2492,1261,2523,1355,0885,328
Expenses2913082663354344771,2751,7339322,3533,8804,074
Operating Profit57423991742259743923207821,2081,253
OPM %16%12%1.0%23%29%32%43%18%26%25%24%24%
Other Income17423101318355983804442
Interest020756382820117212185
Depreciation18109121213566458121212212
Profit before tax56351690169224915360325624827899
Tax %35%20%57%33%34%34%26%25%27%24%20%
Net Profit3625761111147675271239471658719
EPS in Rs0.780.540.161.272.333.0913.895.574.939.6713.5114.75
Dividend Payout %7%10%36%4%6%4%1%5%7%4%4%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth34%%34%45%
Compounded Profit Growth80%%37%51%
Stock Price CAGR35%41%30%8%
Return on Equity%%18%23%
Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital999999927162162486
Reserves2953293513554205226621,9071,9962,4512,768
Borrowings00000002061331,890999
Other Liabilities1641771741451671561913923021,1461,270
Total Liabilities4675145335085966878622,5322,5935,6485,523
Fixed Assets2292222252242252622608788863,1113,300
CWIP2854341220267116373142
Investments4045584811917565469484227281
Other Assets1702422452342482383351,1181,1061,9371,800
Total Assets4675145335085966878622,5322,5935,6485,523
Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity321636-7851281698731421538411,143
Cash from Investing Activity-28-9-244-71-106-147-793-11-66-1,55420
Cash from Financing Activity-0-0-3-3-13-13-12-106-129-107704-1,123
Net Cash Flow489-71910-262-20-939
Free Cash Flow261020-1470101-71795-4450753988
CFO/OP181%84%143%30%109%108%110%112%58%78%124%106%
Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days3143610531125104431
Inventory Days57425644023818092794312149
Days Payable34610714612820779275245146
Cash Conversion Cycle259436159299113-163752911135
Working Capital Days-70-8-22-1-10-3-16141897-2
ROCE %9%16%10%-1%23%34%36%15%21%24%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters74.26%74.22%74.22%74.22%74.22%74.22%74.22%74.22%74.22%74.22%74.22%74.22%
FIIs0.33%0.43%0.70%0.77%0.99%1.06%1.12%1.00%1.01%1.20%1.63%1.73%
DIIs0.64%1.26%1.42%1.45%1.46%1.49%1.43%0.59%0.70%0.67%0.66%0.58%
Public24.78%24.07%23.67%23.56%23.34%23.23%23.24%24.18%24.08%23.93%23.47%23.47%
No. of Shareholders24,75734,62157,02352,80354,52355,63655,40855,74762,15681,70585,20787,803

Fundamentals

Market Cap₹ 8,881 Cr.
Current Price₹ 183
Stock P/E12.0
Book Value₹ 66.9
ROCE24.2 %
ROE23.0 %
Dividend Yield0.27 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)45%
Compounded Profit Growth (TTM)51%
Consolidated figures.
Valuation
Market capRs 8,637 Cr
Enterprise valueRs 9,548 Cr
P/E (TTM)12.04x
Price to book2.65x
Price to sales1.62x
EV / EBITDA7.37x
EV / EBIT8.81x
EV / sales1.79x
Price to cash flow7.56x
Earnings yield8.30%
Dividend yield0.28%
P/E, 3-year average8.63x
P/B, 3-year average1.46x
P/E, 5-year average6.61x
P/B, 5-year average1.11x
Profitability
Operating margin (excl. other income)23.74%
Operating margin (incl. other income)24.60%
EBITDA margin24.32%
Pre-tax margin16.88%
Net profit margin13.46%
Net margin, latest quarter16.52%
ROE22.39%
ROCE23.75%
ROA11.76%
ROE, 3-year average17.93%
ROCE, 3-year average20.38%
ROA, 3-year average10.84%
ROE, 5-year average16.95%
ROCE, 5-year average19.81%
ROA, 5-year average10.80%
ROIC (approx.)20.72%
Tax rate20.39%
Other income / net worth1.34%
Growth
Sales growth (latest year)62.31%
Profit growth (latest year)39.66%
Sales CAGR, 3 years33.77%
Sales CAGR, 5 years48.60%
Profit CAGR, 3 years34.35%
Profit CAGR, 5 years34.99%
Sales growth QoQ-9.04%
Profit growth QoQ-3.69%
Sales growth YoY (latest quarter)21.09%
Profit growth YoY (latest quarter)36.28%
Per share
EPS (TTM)Rs 14.75
EPS (latest year)Rs 13.51
EPS (latest quarter)Rs 4.67
EPS, 3-year averageRs 19.10
EPS, 5-year averageRs 39.39
Book value per shareRs 66.93
Sales per shareRs 109.60
Cash flow per shareRs 23.51
Free cash flow per shareRs 20.32
Dividend per share (latest year)Rs 0.50
Dividend per share, 3-year averageRs 0.92
Dividend per share, 5-year averageRs 1.94
Dividends
Dividend payout3.70%
Dividend payout, 3-year average4.92%
Dividend payout, 5-year average4.09%
Efficiency
Asset turnover0.92x
Fixed asset turnover1.54x
Inventory turnover3.36x
Inventory days109 days
Debtor days31 days
Debtors turnover11.62x
Creditor days146 days
Cash conversion cycle35 days
Working capital days-2 days
Leverage
Total debtRs 999 Cr
Cash and bankRs 88 Cr
Net debtRs 911 Cr
Debt to equity0.31x
Net debt / EBITDA0.70x
Interest coverage5.87x
Current ratio (filing 2026-03-31)1.15x
Quick ratio (filing 2026-03-31)0.59x
Trade payables (filing 2026-03-31)Rs 852 Cr
Owners' fund to total sources58.91%
Debt to assets18.09%
Cash flow
Cash from Operating Activity (latest year)Rs 1,143 Cr
Cash from Investing Activity (latest year)Rs 20 Cr
Cash from Financing Activity (latest year)Rs -1,123 Cr
Net Cash Flow (latest year)Rs 39 Cr
Free cash flow (latest year)Rs 988 Cr
FCFE (approx.: FCF + change in debt)Rs 98 Cr
Cash from ops / profit, 5 years1.36x
Sales to cash flow4.45x
Statement figures
Net sales (TTM)Rs 5,328 Cr
Net sales (latest year)Rs 5,088 Cr
Sales (latest quarter)Rs 1,375 Cr
Operating profit excl. other income (latest year)Rs 1,208 Cr
Operating profit (latest quarter)Rs 343 Cr
Other income (TTM)Rs 42 Cr
EBITDA (TTM)Rs 1,296 Cr
PBDT (TTM)Rs 1,111 Cr
Profit before tax (TTM)Rs 899 Cr
Tax (latest year)Rs 169 Cr
Net profit (TTM)Rs 717 Cr
Net profit (latest year)Rs 657 Cr
Net profit (latest quarter)Rs 227 Cr
Depreciation (TTM)Rs 212 Cr
Depreciation (latest quarter)Rs 51 Cr
Interest (TTM)Rs 185 Cr
Cost of goods sold (latest year)Rs 2,930 Cr
Total expenditure (latest year)Rs 3,880 Cr
Total income (latest year)Rs 5,132 Cr
Share capitalRs 486 Cr
ReservesRs 2,768 Cr
Shareholders' fundsRs 3,254 Cr
Total assetsRs 5,523 Cr
Net blockRs 3,300 Cr
Capital work in progressRs 142 Cr
InvestmentsRs 281 Cr
ReceivablesRs 438 Cr
InventoryRs 872 Cr
Other liabilitiesRs 1,270 Cr
Shares outstanding (crore)48.61
Ownership
Promoter holding74.22% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 12.0 is at the 45th percentile of its own 10.1-year range (median 12.6, low 2.3, high 107.2).
P/B 2.65 is at the 61th percentile (median 2.19).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodSANDUMANifty 50Difference
1 week-3.0%-2.8% -0.2 pts
1 month-11.3%-6.8% -4.6 pts
3 months-15.3%-7.6% -7.7 pts
6 months+3.4%+0.4% +3.0 pts
1 year+6.6%-9.9% +16.6 pts
2 years+8.9%-13.6% +22.4 pts
3 years+111.7%+14.2% +97.5 pts
5 years+451.1%+27.9% +423.2 pts
6 mutual fund schemes hold about ₹7 Cr. Over three months 6 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Motilal Oswal Nifty Microcap 250 Index Fund0.26%7 +10%
Groww Nifty Total Market Index Fund0.01%0 +18%
Angel One Nifty Total Market Index Fund0.01%0 +18%
Mirae Asset Nifty Total Market Index Fund0.01%0 +18%
Bandhan Nifty Total Market Index Fund0.01%0 +18%
Motilal Oswal BSE 1000 Index Fund0.01%0 +18%

Red flags

F-score 7 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹1,375 Cr +21.1% vs Jun 2025. Net profit ₹228 Cr +36.5%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-08-12Dividend - Rs 0.50 Per Share
2025-09-22Bonus 2:10.3333
2025-09-10Dividend - Rs 1.25 Per Share
2024-09-11Dividend - Re 1 Per Share
2024-02-02Bonus 5:10.1667
2023-09-13Dividend - Rs 5 Per Share
2023-09-13Annual General Meeting
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Sandur Manganese & Iron Ores Ltd?

Sandur Manganese & Iron Ores Ltd (SANDUMA) has a market capitalisation of Rs 8,881 Cr. at the 2026-10-01 close.

What is the P/E ratio of Sandur Manganese & Iron Ores Ltd?

Sandur Manganese & Iron Ores Ltd trades at a P/E of 12.0 on trailing twelve-month profit, at the 2026-10-01 close.

What were Sandur Manganese & Iron Ores Ltd's latest quarterly results?

In the Jun 2026 quarter, Sandur Manganese & Iron Ores Ltd sales was Rs 1,375 Cr (+21.1% vs Jun 2025) and net profit was Rs 228 Cr.

What is the 52-week high and low of Sandur Manganese & Iron Ores Ltd?

The 52-week high is Rs 273.00 and the 52-week low is Rs 165.05.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03