MarketFriction

Sarda Energy & Minerals Ltd

NSE SARDAEN · BSE 504614 · Iron & Steel
₹494.75 -0.51%
NSE close2026-10-01
52 week range453.10 - 624.00
Market cap₹17,631 Cr.
P/E15.7
Nifty 500Smallcap 250 Price band 20% Delivery 51.6%

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
Sales1,0019258899261,1591,3191,2391,6331,5281,2761,2541,608
Expenses7597377376668219509681,0161,016965906955
Operating Profit242188152261337369271617512311348653
OPM %24%20%17%28%29%28%22%38%34%24%28%41%
Other Income2432427551-0468068955108
Interest353128365064706264645458
Depreciation464646456278878185868889
Profit before tax186143121255276226160553431255210615
Tax %19%25%37%24%26%17%41%24%27%28%33%25%
Net Profit14911488198203200100437328190155478
EPS in Rs3.993.322.685.645.555.603.0712.339.175.404.4813.00
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,4801,4342,1742,3242,0002,1993,9144,2123,8684,6435,6905,665
Expenses1,2891,2171,7721,8421,6441,6792,5593,1523,0703,4063,9033,842
Operating Profit1912174024823565201,3551,0607981,2371,7871,824
OPM %13%15%18%21%18%24%35%25%21%27%31%32%
Other Income35966317-171304349181172247276
Interest1129497998279147124128220244240
Depreciation756973767875143178183271341348
Profit before tax391502943241794951,1088076679181,4491,511
Tax %68%15%30%36%24%23%27%25%24%26%27%
Net Profit131272052071283768076045247021,1091,151
EPS in Rs0.353.665.625.643.5010.4022.3117.0914.8419.8631.3832.05
Dividend Payout %143%11%9%9%14%7%3%9%7%8%6%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth14%21%11%6%
Compounded Profit Growth58%22%20%20%
Stock Price CAGR38%48%31%-7%
Return on Equity16%17%14%15%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital363636363636363635353535
Reserves1,1741,1871,3221,5401,7071,8342,1822,9683,3753,8536,2517,335
Borrowings1,4821,2211,3631,3861,3951,6941,7141,5811,4071,3662,8612,632
Other Liabilities3523823954515435385877146647479771,369
Total Liabilities3,0442,8273,1153,4133,6824,1024,5185,2985,4816,00210,12511,371
Fixed Assets1,3331,2261,1831,3581,3491,3231,2872,8532,9072,8535,8456,100
CWIP4415947997831,0631,3741,616133132251728472
Investments2792052262412131912665004226597921,645
Other Assets9918039071,0301,0571,2141,3491,8122,0202,2392,7593,154
Total Assets3,0442,8273,1153,4133,6824,1024,5185,2985,4816,00210,12511,371
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-364691773004803361889177017428861,735
Cash from Investing Activity330-148-241-156-399-415-186-466-431-423-2,132-1,166
Cash from Financing Activity-385-38363-86-106199-70-331-479-2231,200-519
Net Cash Flow-91-61-158-24120-68120-20896-4650
Free Cash Flow-50309-6349155-16-1156444854773961,400
CFO/OP-2%254%89%90%123%112%52%87%88%112%74%98%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days203127221523231616101718
Inventory Days177841331021071411571071068011599
Days Payable294259394672674624262822
Cash Conversion Cycle1687210185769211377986410596
Working Capital Days71171549996120975367496868
ROCE %12%6%8%14%13%8%15%29%19%15%15%17%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters72.64%72.64%72.64%72.64%73.16%73.16%73.16%73.16%73.16%73.16%73.16%73.16%
FIIs2.69%2.81%2.69%2.49%2.29%2.66%3.46%3.83%4.14%3.54%3.50%3.51%
DIIs3.92%3.85%3.61%3.75%4.27%4.35%3.79%3.81%2.87%2.93%3.32%3.47%
Public20.74%20.70%21.04%21.10%20.28%19.82%19.58%19.21%19.84%20.38%20.01%19.84%
No. of Shareholders38,80742,08253,54353,95771,21676,03785,18885,67695,66695,33890,80991,188

Fundamentals

Market Cap₹ 17,631 Cr.
Current Price₹ 500
Stock P/E15.7
Book Value₹ 209
ROCE16.9 %
ROE15.1 %
Dividend Yield0.40 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)6%
Compounded Profit Growth (TTM)20%
Consolidated figures.
Valuation
Market capRs 17,434 Cr
Enterprise valueRs 19,201 Cr
P/E (TTM)15.43x
Price to book2.37x
Price to sales3.08x
EV / EBITDA9.14x
EV / EBIT10.96x
EV / sales3.39x
Price to cash flow10.05x
Earnings yield6.48%
Dividend yield0.40%
P/E, 3-year average18.61x
P/B, 3-year average2.39x
P/E, 5-year average11.39x
P/B, 5-year average1.48x
Profitability
Operating margin (excl. other income)31.41%
Operating margin (incl. other income)35.76%
EBITDA margin37.07%
Pre-tax margin26.67%
Net profit margin19.94%
Net margin, latest quarter28.50%
ROE16.20%
ROCE17.69%
ROA10.29%
ROE, 3-year average14.76%
ROCE, 3-year average16.43%
ROA, 3-year average9.36%
ROE, 5-year average18.77%
ROCE, 5-year average19.72%
ROA, 5-year average11.13%
ROIC (approx.)14.06%
Tax rate26.64%
Other income / net worth3.36%
Growth
Sales growth (latest year)22.56%
Profit growth (latest year)58.02%
Sales CAGR, 3 years10.55%
Sales CAGR, 5 years20.95%
Profit CAGR, 3 years22.46%
Profit CAGR, 5 years24.15%
Sales growth QoQ28.28%
Profit growth QoQ190.05%
Sales growth YoY (latest quarter)-1.54%
Profit growth YoY (latest quarter)5.50%
Per share
EPS (TTM)Rs 32.06
EPS (latest year)Rs 31.38
EPS (latest quarter)Rs 13.00
EPS, 3-year averageRs 22.03
EPS, 5-year averageRs 92.01
Book value per shareRs 209.15
Sales per shareRs 160.77
Cash flow per shareRs 49.23
Free cash flow per shareRs 39.73
Dividend per share (latest year)Rs 2.00
Dividend per share, 3-year averageRs 1.50
Dividend per share, 5-year averageRs 5.40
Dividends
Dividend payout6.37%
Dividend payout, 3-year average6.89%
Dividend payout, 5-year average6.56%
Efficiency
Asset turnover0.50x
Fixed asset turnover0.93x
Inventory turnover4.30x
Inventory days85 days
Debtor days18 days
Debtors turnover20.61x
Creditor days22 days
Cash conversion cycle96 days
Working capital days68 days
Leverage
Total debtRs 2,632 Cr
Cash and bankRs 864 Cr
Net debtRs 1,767 Cr
Debt to equity0.36x
Net debt / EBITDA0.84x
Interest coverage7.29x
Current ratio (filing 2026-03-31)4.50x
Quick ratio (filing 2026-03-31)3.69x
Trade payables (filing 2026-03-31)Rs 172 Cr
Owners' fund to total sources64.82%
Debt to assets23.15%
Cash flow
Cash from Operating Activity (latest year)Rs 1,735 Cr
Cash from Investing Activity (latest year)Rs -1,166 Cr
Cash from Financing Activity (latest year)Rs -519 Cr
Net Cash Flow (latest year)Rs 50 Cr
Free cash flow (latest year)Rs 1,400 Cr
FCFE (approx.: FCF + change in debt)Rs 1,171 Cr
Cash from ops / profit, 5 years1.33x
Sales to cash flow3.28x
Statement figures
Net sales (TTM)Rs 5,665 Cr
Net sales (latest year)Rs 5,690 Cr
Sales (latest quarter)Rs 1,608 Cr
Operating profit excl. other income (latest year)Rs 1,787 Cr
Operating profit (latest quarter)Rs 653 Cr
Other income (TTM)Rs 276 Cr
EBITDA (TTM)Rs 2,100 Cr
PBDT (TTM)Rs 1,860 Cr
Profit before tax (TTM)Rs 1,511 Cr
Tax (latest year)Rs 386 Cr
Net profit (TTM)Rs 1,130 Cr
Net profit (latest year)Rs 1,106 Cr
Net profit (latest quarter)Rs 458 Cr
Depreciation (TTM)Rs 348 Cr
Depreciation (latest quarter)Rs 89 Cr
Interest (TTM)Rs 240 Cr
Cost of goods sold (latest year)Rs 3,414 Cr
Total expenditure (latest year)Rs 3,903 Cr
Total income (latest year)Rs 5,938 Cr
Share capitalRs 35 Cr
ReservesRs 7,335 Cr
Shareholders' fundsRs 7,370 Cr
Total assetsRs 11,371 Cr
Net blockRs 6,100 Cr
Capital work in progressRs 472 Cr
InvestmentsRs 1,645 Cr
ReceivablesRs 276 Cr
InventoryRs 794 Cr
Other liabilitiesRs 1,369 Cr
Shares outstanding (crore)35.24
Ownership
Promoter holding73.16% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 15.4 is at the 74th percentile of its own 9.4-year range (median 9.4, low 2.0, high 32.5).
P/B 2.37 is at the 72th percentile (median 1.27).
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.
PeriodSARDAENNifty 50Difference
1 week-0.9%-2.8% +1.8 pts
1 month-0.5%-6.8% +6.3 pts
3 months-2.6%-7.6% +5.0 pts
6 months-3.1%+0.4% -3.5 pts
1 year-15.2%-9.9% -5.3 pts
2 years+14.3%-13.6% +27.9 pts
3 years+124.6%+14.2% +110.4 pts
5 years+610.6%+27.9% +582.8 pts
36 mutual fund schemes hold about ₹104 Cr. Over three months 5 bought more and 4 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
ICICI Pru Small Cap Fund0.24%23 +209%
ICICI Pru Small Cap Fund0.24%23 +209%
ICICI Pru Energy Opportunities Fund0.18%15 -54%
Mahindra Manulife Business Cycle Fund0.80%11 +1%
iSIF Equity Ex-Top 100 Long-Short Fund0.42%11 +108%
Nippon India Nifty Smallcap 250 Index Fund0.21%7 -1%
SBI Nifty Smallcap 250 Index Fund0.21%4 -1%
Motilal Oswal Nifty Smallcap 250 Index Fund0.21%3 -1%
ICICI Pru Nifty Smallcap 250 Index Fund0.21%2 -0%
HDFC NIFTY Smallcap 250 Index Fund0.21%2 -0%
Nippon India Nifty 500 Equal Weight Index Fund0.20%1 +6%
JioBlackRock Nifty Smallcap 250 Index Fund0.21%1 -1%
Motilal Oswal Nifty 500 Index Fund0.02%1 +3%
Edelweiss Nifty Smallcap 250 Index Fund0.21%1 -0%
Groww Nifty Smallcap 250 Index Fund0.21%0 -1%
HDFC Nifty500 Multicap 50:25:25 Index Fund0.05%0 +1%
Bandhan Nifty Smallcap 250 Index Fund0.21%0 -0%
Kotak Nifty Smallcap 250 Index Fund0.21%0 -1%
SBI Nifty 500 Index Fund0.02%0 +3%
Navi Nifty Smallcap250 Momentum Quality 100 Index Fund0.32%0 -10%
Groww Nifty Total Market Index Fund0.02%0 +3%
HDFC BSE 500 Index Fund0.02%0 -2%
Axis Nifty 500 Index Fund0.02%0 +3%
DSP Nifty Smallcap 250 Index Fund0.21%0 -1%
Groww Nifty Smallcap 250 Momentum Quality 100 Index Fund0.32%0 -10%

Red flags

F-score 8 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 ₹1,608 Cr -1.5% vs Jun 2025. Net profit ₹478 Cr +9.4%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-08-14Dividend - Rs 2 Per Share
2025-08-22Dividend - Rs1.50 Per Share
2024-08-30Dividend - Re 1 Per Share
2023-09-08Dividend - Re 0.75 Per Share/Special Dividend - Re 0.75 Per Share
2023-08-04Face Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share0.1000
2022-05-05Interim Dividend - Rs 7.50 Per Share
2022-05-05Buy Back
2021-08-18 Dividend - Rs 7.50 Per Share
2020-09-10 Dividend - Rs 5 Per Share
2019-08-14 Dividend - Rs 5 Per Share
2018-08-23 Dividend- Rs 5 Per Share
2017-08-16 Dividend - Rs 4/- Per Share
2016-03-17 Interim Dividend - Rs 2/- Per Share (Purpose Revised)
2015-08-06 Dividend - Rs 3/- Per Share
2014-08-27Dividend - Rs 3/- Per Share
2013-08-22Annual General Meeting / Dividend - Rs 3/- Per Share
2012-06-28Dividend - Rs.3/- Per Share
2011-08-17Annual General Meeting/Dividend Rs 3 Per Share
2010-05-28Dividend-Rs.3/- Per Share
DateTypeWhat it says
2026-09-28Concall / analyst meetSchedule of meet
2026-09-26Shareholder meetingVoting results.
2026-09-24Shareholder meetingProceedings of Annual General Meeting held on September 24, 2026
2026-09-04General UpdatesGeneral Updates
2026-09-04Credit RatingCredit Rating
2026-08-31Shareholder meetingNotice of Annual General Meeting to be held on September 24, 2026
2026-08-14ResignationResignation of Mr. Arup Pal as Other of the company w.e.f. August 10, 2026.
2026-08-14ResignationResignation of Mr. Arup Pal as Other of the company w.e.f. August 10, 2026.
2026-08-14ResignationResignation of Director/KMP/SMP
2026-08-14ResignationResignation of Director/KMP/SMP
2026-08-14Volume querySignificant increase in volume has been observed in Sarda Energy & Minerals Limited. The Exchange, in order to ensure that investors have latest relev...
2026-08-13Volume querySignificant increase in volume has been observed in Sarda Energy & Minerals Limited. The Exchange, in order to ensure that investors have latest relev...
2026-08-10General UpdatesGeneral Updates
2026-08-10Concall / analyst meetTranscript
2026-08-07General UpdatesGeneral Updates
2026-08-03Concall / analyst meetLink of Recording
2026-08-03Investor PresentationInvestor Presentation
2026-08-01Press ReleaseA press release dated August 01, 2026, titled "Press Release".
2026-08-01Board meeting outcomeOutcome of Board Meeting held on August 01, 2026.
2026-08-01Record DateRecord date for the purpose of Dividend is 14-Aug-2026.
2026-08-01Board meeting outcomeSarda Energy & Minerals Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-29Concall / analyst meetSchedule of meet
2026-07-25General UpdatesGeneral Updates
2026-07-24Concall / analyst meetSchedule of meet
2026-07-06General UpdatesGeneral Updates
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.
Order dateForumCase
2019-02-21CESTATSARDA ENERGY AND MINERALS LTD ---VS.--- RAIPUR
2019-02-20CESTATSARDA ENERGY AND MINERALS LTD ---VS.--- RAIPUR
2018-09-19CESTATSARDA ENERGY AND MINERALS LTD ---VS.--- RAIPUR
2017-11-10CESTATSARDA ENERGY AND MINERALS LTD ---VS.--- RAIPUR
2017-08-24CESTATSARDA ENERGY AND MINERALS LTD ---VS.--- RAIPUR
2017-08-04CESTATSARDA ENERGY AND MINERALS LTD ---VS.--- RAIPUR
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Sarda Energy & Minerals Ltd?

Sarda Energy & Minerals Ltd (SARDAEN) has a market capitalisation of Rs 17,631 Cr. at the 2026-10-01 close.

What is the P/E ratio of Sarda Energy & Minerals Ltd?

Sarda Energy & Minerals Ltd trades at a P/E of 15.7 on trailing twelve-month profit, at the 2026-10-01 close.

What were Sarda Energy & Minerals Ltd's latest quarterly results?

In the Jun 2026 quarter, Sarda Energy & Minerals Ltd sales was Rs 1,608 Cr (-1.5% vs Jun 2025) and net profit was Rs 478 Cr.

What is the 52-week high and low of Sarda Energy & Minerals Ltd?

The 52-week high is Rs 624.00 and the 52-week low is Rs 453.10.

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