Sarda Energy & Minerals share price
NSE: SARDAENBSE: 504614Ferrous MetalsSmall Cap
Share price at the NSE close on 28 Oct 2026. Previous close ₹458.25.
28 Oct: open ₹454.35, high ₹459.75, low ₹452.10
- Next results date: the board meets on 31 Oct 2026 to consider: financial results. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹16,040 Cr360th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 14.20
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 2.18
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.44%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 16.5%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 14.6%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.35
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 1,38,99743.2% delivered
About Sarda Energy & Minerals
Sarda Energy & Minerals Limited is a power, mining and metals company that began as a steel maker.1 It generates thermal, hydro and waste-heat power, mines coal and iron ore, and makes pellets, sponge iron, billets, wire products and ferro alloys.2 It sells power mainly to state distribution companies, ferro alloys mainly to large steel mills, and steel products mostly to small and medium manufacturers nearby.3
It was incorporated in 1973.4 It acquired SKS Power, owner of the thermal power plant at Binjkot in Chhattisgarh, under the Insolvency and Bankruptcy Code and amalgamated it with effect from September 2024.56 In the year to Mar 2026, the Supreme Court dismissed all appeals against its resolution plan for SKS Power.5 Sarda Metals & Alloys Limited is its main ferro alloys subsidiary, and subsidiaries including Madhya Bharat Power Corporation Limited own its hydro plants in Sikkim, Chhattisgarh and Uttarakhand.17 Through a Singapore subsidiary, it holds a coal-mining joint venture in Indonesia, PT Tigadaya Minergy, with PT Unggul Jaya Indonesia, an Indorama group company.8
Kamal Kishore Sarda is chairman and Pankaj Sarda managing director.9 The promoters held 73% of the shares at the end of June 2026.10
Sarda Energy & Minerals key points
Results
- In the year to Mar 2026, consolidated revenue from operations was ₹5,690 crore (₹4,643 crore a year earlier), EBITDA (operating profit before depreciation, interest and tax) ₹2,025 crore (₹1,410 crore) and profit after tax ₹1,109 crore (₹702 crore), above ₹1,000 crore for the first time.11
- In the quarter to Jun 2026, consolidated total income was ₹1,717 crore, EBITDA ₹762 crore and profit after tax ₹478 crore, up 9.4% from a year earlier and the highest for any quarter.1213
- Quarterly profit included a one-time ₹110 crore net benefit from the regulator's approval of the Sikkim hydro plant's final project cost. At 30 Jun 2026 the company was net debt-free (cash above borrowings), with liquidity above ₹2,500 crore.1415
Business segments
- Consolidated revenue by reporting segment1617One power customer accounted for 31% of consolidated revenue from operations in the year to Mar 2026, against 19% a year earlier.
Item year to Mar 2026 year to Mar 2025 Power ₹2,377.40 crore ₹1,408.96 crore Steel ₹1,656.57 crore ₹1,767.80 crore Ferro alloys ₹1,636.00 crore ₹1,441.26 crore - In the quarter to Jun 2026, the energy business contributed nearly 70% of consolidated EBITDA.18
- By 3 Aug 2026, medium and long-term power supply agreements covered over 380 MW of the company's 710 MW of saleable power capacity.18
Where revenue comes from
- Sarda Metals & Alloys, whose plant near Vizag port serves mainly export markets, exported 98,908 tonnes of ferro alloys worth ₹825.43 crore in the year to Mar 2026, against ₹802.01 crore a year earlier.19
Plants and capacity
- Thermal power. A 600 MW (2 × 300 MW) independent power plant (selling power to others) at Binjkot, beside the Gare Palma IV/7 mine that fuels it, and captive plants of 81.5 MW at Siltara, including 21.5 MW of waste heat, and 80 MW at Visakhapatnam.2021
- Hydro power. Installed hydro capacity is 166.7 MW, including the 113 MW Rongni Chu station in Sikkim, run by the subsidiary Madhya Bharat Power Corporation.2223
- Metals capacity, tonnes a year (furnaces in megavolt-amperes)2425
Item quarter to Jun 2026 Iron ore pellets 9,00,000 tonnes Sponge iron 3,60,000 tonnes Steel billets 3,00,000 tonnes Wire rods 2,50,000 tonnes HB wire 45,000 tonnes Ferro alloy furnaces 147 MVA
Expansion and capital spending
- On its earnings call of 3 Aug 2026, the company said it expects to complete the expansion of the Binjkot plant to 1,200 MW by Mar 2031.2627
- On its earnings call of 3 Aug 2026, the company said approvals for 3 small hydro projects in Chhattisgarh totalling 74 MW were progressing and most approvals for a 66 MW project in Arunachal Pradesh were in hand.28
- The company stated in its annual report for the year to Mar 2026 that its 50 MW captive solar plant at Kharora, delayed by transmission right-of-way issues, was expected to start before the end of Dec 2026.26
- The company stated in its annual report for the year to Mar 2026 that its board approved expanding the Raipur pellet plant to 2.0 million tonnes a year; environmental clearance is in place.29
Coal mining
- The company said approved coal mining capacity, 1.80 MTPA (million tonnes a year) at its operating Gare Palma IV/7 mine, is expected to rise to 7.10 MTPA as Shahpur West, Senduri, Gare Palma IV/5 and Bartunga, a 67% joint venture, start.303132
- On its earnings call of 3 Aug 2026, the company said Shahpur West, a high-grade coal mine for its sponge iron and ferro alloy plants, would start by the end of Mar 2027, and Bartunga by the end of the following financial year.33
- Senduri, a Madhya Pradesh coal block the company won at auction in the year to Mar 2026, has expected geological reserves of 248.54 million tonnes.34
What the company expects
- In its presentation of 3 Aug 2026, the company said it plans to double its energy capacity and quadruple its mining capacity by Mar 2030.35
- In its presentation of 3 Aug 2026, the company said it targets doubling EBITDA over the medium term and plans more than ₹10,000 crore of growth capital spending focused on energy and mining.36
- The company stated in its annual report for the year to Mar 2026 that it expects capital spending of about ₹500 crore to ₹700 crore a year through the year to Mar 2028, excluding the Binjkot expansion, funded mainly from its own cash.2930
Recent events
- On 7 Oct 2026, CRISIL upgraded its long-term credit rating (a grade of ability to repay debt) on ₹2,845.50 crore of bank facilities to AA/Stable from AA-/Positive.37
- The Sikkim hydro plant was shut from 18 Jun 2026, when heavy rain and a landslide brought down a transmission tower, until 5 Jul; the company said the loss is covered by insurance.2838
Last updated
All 38 sources, each with its page
- 1. Annual report, 31 Aug 2026, page 126
- 2. Annual report, 31 Aug 2026, page 36
- 3. Annual report, 31 Aug 2026, page 150
- 4. Annual report, 31 Aug 2026, page 149
- 5. Annual report, 31 Aug 2026, page 14
- 6. Investor presentation, 3 Aug 2026, page 22
- 7. Annual report, 31 Aug 2026, page 44
- 8. Annual report, 31 Aug 2026, page 80
- 9. Annual report, 31 Aug 2026, page 16
- 10. Investor presentation, 3 Aug 2026, page 35
- 11. Annual report, 31 Aug 2026, page 24
- 12. Earnings call, 3 Aug 2026, page 3
- 13. Investor presentation, 3 Aug 2026, page 7
- 14. Investor presentation, 3 Aug 2026, page 6
- 15. Earnings call, 3 Aug 2026, page 5
- 16. Annual report, 31 Aug 2026, page 308
- 17. Annual report, 31 Aug 2026, page 308
- 18. Earnings call, 3 Aug 2026, page 3
- 19. Annual report, 31 Aug 2026, page 79
- 20. Annual report, 31 Aug 2026, page 52
- 21. Annual report, 31 Aug 2026, page 43
- 22. Annual report, 31 Aug 2026, page 26
- 23. Annual report, 31 Aug 2026, page 80
- 24. Investor presentation, 3 Aug 2026, page 25
- 25. Annual report, 31 Aug 2026, page 48
- 26. Annual report, 31 Aug 2026, page 56
- 27. Earnings call, 3 Aug 2026, page 10
- 28. Earnings call, 3 Aug 2026, page 4
- 29. Annual report, 31 Aug 2026, page 127
- 30. Annual report, 31 Aug 2026, page 60
- 31. Investor presentation, 3 Aug 2026, page 24
- 32. Annual report, 31 Aug 2026, page 72
- 33. Earnings call, 3 Aug 2026, page 9
- 34. Annual report, 31 Aug 2026, page 78
- 35. Investor presentation, 3 Aug 2026, page 15
- 36. Investor presentation, 3 Aug 2026, page 16
- 37. Exchange filing, 7 Oct 2026, page 1
- 38. Exchange filing, 18 Jun 2026, page 1
Results
Consolidated; ₹ crore.Sarda Energy & Minerals quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +5.9%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +20.8%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹1,608 Crup 28.28%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹478 Crup 208.17%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 29.7%
Revenue by quarter
Net profit by quarter, a loss in red
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,159 | 1,319 | 1,239 | 1,633 | 1,528 | 1,276 | 1,254 | 1,608 |
| Net profit | 203 | 200 | 100 | 437 | 328 | 190 | 155 | 478 |
| Net margin | 17.6% | 15.2% | 8.1% | 26.7% | 21.5% | 14.9% | 12.4% | 29.7% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹5,690 Crup 22.56%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹1,109 Crup 58.00%
- Net margin
- 19.5%
Revenue by year
Net profit by year, a loss in red
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,434 | 2,217what Revenue, Mar 2018, includes. This period's revenue includes excise duty of ₹43 crore, a tax on the goods the company makes that it collects and pays to the government. | 2,324 | 2,000 | 2,199 | 3,914 | 4,212 | 3,868 | 4,643 | 5,690 |
| Net profit | 127 | 206 | 207 | 128 | 376 | 807 | 604 | 524 | 702 | 1,109 |
| Net margin | 8.9% | 9.3% | 8.9% | 6.4% | 17.1% | 20.6% | 14.3% | 13.5% | 15.1% | 19.5% |
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- PowerPower, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹2,846 Crup 51.04%44.3%
- SteelSteel, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹1,921 Crdown 2.21%29.9%
- Ferro AlloysFerro Alloys, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹1,656 Crup 13.51%25.8%
Valuation
Today, against the company's own history.Sarda Energy & Minerals PE ratio and valuation
At or below today's level on 68% of 2,415 trading days over the last 10 years.
At or below today's level on 64% of 1,975 trading days since Nov 2018.
At or below today's level on 30% of 2,454 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −0.2% | +58.0% | −37.1% | 0.4% |
| 3 years | +68.9% | +22.7% | +37.3% | 0.4% |
| 5 years | +65.6% | +24.7% | +32.2% | 0.6% |
Mutual fund holdings
48 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 43 of the 43 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.All 48 funds holding Sarda Energy & Minerals
- AddedAdded. Funds that held more shares than at the end of the month before.
- 13
- CutCut. Funds that held fewer shares than at the end of the month before.
- 30
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 5
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 1
| Fund | |||
|---|---|---|---|
| 4,68,826 | 0.24% | ₹23.3 Cr | |
| 2,91,774 | 0.18% | ₹14.5 Cr | |
| 2,20,000 | 0.85% | ₹10.9 Cr | |
| 1,42,215 | 0.20% | ₹7.07 Cr | |
| 1,11,597 | 0.20% | ₹5.55 Cr | |
| 72,241 | 0.20% | ₹3.59 Cr | |
| 61,370 | 0.33% | ₹3.05 Cr | |
| 51,245 | 0.21% | ₹2.55 Cr | |
| 32,393 | 0.21% | ₹1.61 Cr | |
| 31,066 | 0.20% | ₹1.54 Cr |
Promoter and insider buying and selling
Trades made since 29 Oct 2025.Sarda Energy & Minerals insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Promoters and promoter group: no market trade · 1 pledge filing of unclear kind
- Others: no market trade · 4 pledge filings of unclear kind
Sarda Energy & Minerals competitors and peers
Iron & Steel, 15 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to Sarda Energy & Minerals in market cap.Metal stocks
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 2,11,309 | 19.15 | 2.07 | +10.5% | +143.1% | 11.4% | 11.9% | 2.36% | |
| 1,06,915 | 37.46 | 2.04 | +25.5% | +4.1% | 5.6% | 8.3% | 0.19% | |
| 66,915 | 11.94 | 1.07 | +9.4% | +119.2% | 9.3% | 10.6% | 1.45% | |
| 56,238 | 16.86 | 2.65 | +11.7% | +20.6% | 17.0% | 16.0% | 0.59% | |
| 11,479 | 137.20 | 0.87 | +41.6% | – | 0.6% | 2.7% | 0.00% | |
| 10,386 | – | 1.78 | – | – | – | – | 0.00% | |
| 8,256 | 11.51 | 2.54 | +45.2% | +45.7% | 24.5% | 24.4% | 0.29% | |
| 5,853 | 40.47 | 2.59 | +2.0% | −65.5% | 6.6% | 9.1% | 0.00% |
Dividends
Per share, by the year it was paid for, and the latest payments.Sarda Energy & Minerals dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 14 Aug 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹2.00 |
| 22 Aug 2025 | Final | ₹1.50 |
| 30 Aug 2024 | Final | ₹1.00 |
| 8 Sep 2023 | Final | ₹0.75 |
| 8 Sep 2023 | Special | ₹0.75 |
| 5 May 2022 | Interim | ₹7.50 |
Latest announcements
Routine notices left out.Sarda Energy & Minerals announcements
Oct 2026
24 Oct · Analysts
17 Oct
13 Oct · Board meeting
10 Oct
7 Oct
Sarda Energy & Minerals share price by year
Each calendar year to 2025.Sarda Energy & Minerals share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 520.55 | +7.9% | 626.15 | 418.05 |
| 2024 | 482.65 | +90.6% | 512.20 | 183.25 |
| 2023 | 253.25 | +143.1% | 259.85 | 101.08 |
| 2022 | 104.20 | +29.6% | 131.02 | 71.35 |
| 2021 | 80.40 | +139.6% | 92.08 | 31.24 |
| 2020 | 33.55 | +51.3% | 34.60 | 10.42 |
| 2019 | 22.17 | −16.5% | 32.25 | 14.16 |
| 2018 | 26.56 | −47.1% | 62.80 | 23.23 |
| 2017 | 50.19 | +127.9% | 51.22 | 22.95 |
| 2016 | 22.02 | +104.0% | 28.77 | 7.60 |
Recent sessions
The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 27 Oct 2026 | 447.50 | 461.00 | 444.50 | 458.25 | 454.06 | 1,94,613 | 43.8% |
| 26 Oct 2026 | 441.65 | 459.45 | 437.60 | 446.60 | 447.65 | 2,88,455 | 32.9% |
| 23 Oct 2026 | 456.80 | 463.20 | 436.20 | 443.95 | 444.31 | 5,28,749 | 43.6% |
| 22 Oct 2026 | 463.75 | 465.00 | 453.55 | 456.25 | 457.29 | 2,24,263 | 42.9% |
| 21 Oct 2026 | 480.00 | 482.40 | 462.00 | 464.15 | 467.89 | 2,12,813 | 51.6% |
| 19 Oct 2026 | 492.80 | 492.80 | 480.50 | 481.00 | 485.35 | 2,11,107 | 52.8% |
| 16 Oct 2026 | 485.85 | 491.95 | 481.00 | 488.85 | 487.92 | 1,66,364 | 53.9% |
| 15 Oct 2026 | 482.30 | 489.40 | 478.40 | 484.35 | 484.04 | 2,79,940 | 48.9% |
| 14 Oct 2026 | 472.15 | 484.40 | 469.80 | 482.50 | 478.46 | 3,35,289 | 49.9% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Stock split history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 4 Aug 2023 | Split | 0.1000 | Each share became 10. |
Company details
- NSE symbol
- SARDAEN
- BSE code
- 504614
- ISIN
- INE385C01021
- Industry
- Ferrous Metals
- Website
- www.seml.co.in
- CIN
- L27100MH1973PLC016617
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1973
- Registered office
- 73-A, Central Avenue, Nagpur 440018, Maharashtra
- Share registrar
- Bigshare Services Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments