Sarda Energy & Minerals logo

Sarda Energy & Minerals share price

NSE: SARDAENBSE: 504614Ferrous MetalsSmall Cap

Sarda Energy & Minerals Limited · Face value ₹1 · Listed Mar 1974 on BSE, Dec 2009 on NSE
Last close ₹455.20down ₹3.05 (0.67%)BSE ₹455.15

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

52-week range of traded prices to 28 Oct 2026
₹436.20Low, 23 Oct 2026₹624.00High, 28 Apr 2026
Market cap
₹16,040 Cr360th largest listed
P/E
14.20
P/B
2.18
Dividend yield
0.44%
ROE
16.5%
ROCE
14.6%
Debt to equity
0.35
Volume, NSE
1,38,99743.2% delivered

Sarda Energy & Minerals share price chart

Daily closes since Jan 2007, BSE closes Jan 2007 to Dec 2009, adjusted for splits and bonuses

−16.4%over a year · Nifty Smallcap 250 −2.1% · Nifty 500 −8.8%

Results20-session average 2,51,048 shares a day, 48.3% 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 segment1617
    Itemyear to Mar 2026year 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
    One power customer accounted for 31% of consolidated revenue from operations in the year to Mar 2026, against 19% a year earlier.
  • 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
    Itemquarter to Jun 2026
    Iron ore pellets9,00,000 tonnes
    Sponge iron3,60,000 tonnes
    Steel billets3,00,000 tonnes
    Wire rods2,50,000 tonnes
    HB wire45,000 tonnes
    Ferro alloy furnaces147 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. 1. Annual report, 31 Aug 2026, page 126
  2. 2. Annual report, 31 Aug 2026, page 36
  3. 3. Annual report, 31 Aug 2026, page 150
  4. 4. Annual report, 31 Aug 2026, page 149
  5. 5. Annual report, 31 Aug 2026, page 14
  6. 6. Investor presentation, 3 Aug 2026, page 22
  7. 7. Annual report, 31 Aug 2026, page 44
  8. 8. Annual report, 31 Aug 2026, page 80
  9. 9. Annual report, 31 Aug 2026, page 16
  10. 10. Investor presentation, 3 Aug 2026, page 35
  11. 11. Annual report, 31 Aug 2026, page 24
  12. 12. Earnings call, 3 Aug 2026, page 3
  13. 13. Investor presentation, 3 Aug 2026, page 7
  14. 14. Investor presentation, 3 Aug 2026, page 6
  15. 15. Earnings call, 3 Aug 2026, page 5
  16. 16. Annual report, 31 Aug 2026, page 308
  17. 17. Annual report, 31 Aug 2026, page 308
  18. 18. Earnings call, 3 Aug 2026, page 3
  19. 19. Annual report, 31 Aug 2026, page 79
  20. 20. Annual report, 31 Aug 2026, page 52
  21. 21. Annual report, 31 Aug 2026, page 43
  22. 22. Annual report, 31 Aug 2026, page 26
  23. 23. Annual report, 31 Aug 2026, page 80
  24. 24. Investor presentation, 3 Aug 2026, page 25
  25. 25. Annual report, 31 Aug 2026, page 48
  26. 26. Annual report, 31 Aug 2026, page 56
  27. 27. Earnings call, 3 Aug 2026, page 10
  28. 28. Earnings call, 3 Aug 2026, page 4
  29. 29. Annual report, 31 Aug 2026, page 127
  30. 30. Annual report, 31 Aug 2026, page 60
  31. 31. Investor presentation, 3 Aug 2026, page 24
  32. 32. Annual report, 31 Aug 2026, page 72
  33. 33. Earnings call, 3 Aug 2026, page 9
  34. 34. Annual report, 31 Aug 2026, page 78
  35. 35. Investor presentation, 3 Aug 2026, page 15
  36. 36. Investor presentation, 3 Aug 2026, page 16
  37. 37. Exchange filing, 7 Oct 2026, page 1
  38. 38. Exchange filing, 18 Jun 2026, page 1

Results

Consolidated; ₹ crore.Sarda Energy & Minerals quarterly results

Revenue growth, 12 months
+5.9%
Net profit growth, 12 months
+20.8%

Quarter to Jun 2026, against the quarter before

Revenue
₹1,608 Crup 28.28%
Net profit
₹478 Crup 208.17%
Net margin
29.7%

Revenue by quarter

₹1,159 CrSep 24₹1,319 CrDec 24₹1,239 CrMar 25₹1,633 CrJun 25₹1,528 CrSep 25₹1,276 CrDec 25₹1,254 CrMar 26₹1,608 CrJun 26
Peak revenue ₹1,633 Cr, quarter to Jun 2025; lowest ₹1,159 Cr, quarter to Sep 2024

Net profit by quarter, a loss in red

₹203 CrSep 24₹200 CrDec 24₹100 CrMar 25₹437 CrJun 25₹328 CrSep 25₹190 CrDec 25₹155 CrMar 26₹478 CrJun 26
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue1,1591,3191,2391,6331,5281,2761,2541,608
Net profit203200100437328190155478
Net margin17.6%15.2%8.1%26.7%21.5%14.9%12.4%29.7%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Power₹2,846 Crup 51.04%44.3%
  • Steel₹1,921 Crdown 2.21%29.9%
  • Ferro Alloys₹1,656 Crup 13.51%25.8%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history.Sarda Energy & Minerals PE ratio and valuation

Price to earnings

At or below today's level on 68% of 2,415 trading days over the last 10 years.

LowestHighest
Its median10.14Industry median14.68
Price to book

At or below today's level on 64% of 1,975 trading days since Nov 2018.

LowestHighest
Its median1.23Industry median2.04
Dividend yield

At or below today's level on 30% of 2,454 trading days over the last 10 years.

LowestHighest
Its median0.80%Industry median0.59%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend 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%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Sarda Energy & Minerals shareholding pattern

Shareholding by group

  • Promoters73.16%
  • Foreign institutions3.62%
  • Indian institutions3.47%
  • Individuals and others19.76%
Holder
Chhattisgarh Investments Ltd.Promoter39.04%
Sarda Agriculture & Properties Pvt. Ltd.Promoter7.33%
Prachi Agriculture & Properties Pvt. Ltd.Promoter4.46%
Ghanshyam SardaPromoter3.76%
K.K. Sarda - Trustee to Uma Sarda Family TrustPromoter2.76%
Uma Sarda - Trustee to K K Sarda Family TrustPromoter2.76%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions +0.10 pts, Indian institutions unchanged, mutual funds −0.08 pts.

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

Added
13
Cut
30
Held unchanged
5
Sold out
1
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

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
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

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

Return on equity across, P/E up, size is market cap
Company
Tata Steel logoTata SteelTATASTEEL2,11,30919.152.07+10.5%+143.1%11.4%11.9%2.36%
Jindal Steel logoJindal SteelJINDALSTEL1,06,91537.462.04+25.5%+4.1%5.6%8.3%0.19%
Steel Authority of India logoSteel Authority of IndiaSAIL66,91511.941.07+9.4%+119.2%9.3%10.6%1.45%
Jindal Stainless logoJindal StainlessJSL56,23816.862.65+11.7%+20.6%17.0%16.0%0.59%
NMDC Steel logoNMDC SteelNSLNISP11,479137.200.87+41.6%–0.6%2.7%0.00%
Vedanta Iron and Steel logoVedanta Iron and SteelVISL10,386–1.78––––0.00%
Sandur Manganese & Iron Ores logoSandur Manganese & Iron OresSANDUMA8,25611.512.54+45.2%+45.7%24.5%24.4%0.29%
Jai Balaji Industries logoJai Balaji IndustriesJAIBALAJI5,85340.472.59+2.0%−65.5%6.6%9.1%0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

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

0.4Mar 170.5Mar 180.5Mar 190.5Mar 200.8Mar 210.8Mar 221.5Mar 231Mar 241.5Mar 252Mar 26
Highest ₹2.00 a share, year to Mar 2026.
Ex-dateTypePer share
14 Aug 2026Final₹2.00
22 Aug 2025Final₹1.50
30 Aug 2024Final₹1.00
8 Sep 2023Final₹0.75
8 Sep 2023Special₹0.75
5 May 2022Interim₹7.50
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Sarda Energy & Minerals announcements

Sarda Energy & Minerals share price by year

Each calendar year to 2025.Sarda Energy & Minerals share price history

YearClose at year endChangeHighest closeLowest close
2025520.55+7.9%626.15418.05
2024482.65+90.6%512.20183.25
2023253.25+143.1%259.85101.08
2022104.20+29.6%131.0271.35
202180.40+139.6%92.0831.24
202033.55+51.3%34.6010.42
201922.17−16.5%32.2514.16
201826.56−47.1%62.8023.23
201750.19+127.9%51.2222.95
201622.02+104.0%28.777.60
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
27 Oct 2026447.50461.00444.50458.25454.061,94,61343.8%
26 Oct 2026441.65459.45437.60446.60447.652,88,45532.9%
23 Oct 2026456.80463.20436.20443.95444.315,28,74943.6%
22 Oct 2026463.75465.00453.55456.25457.292,24,26342.9%
21 Oct 2026480.00482.40462.00464.15467.892,12,81351.6%
19 Oct 2026492.80492.80480.50481.00485.352,11,10752.8%
16 Oct 2026485.85491.95481.00488.85487.921,66,36453.9%
15 Oct 2026482.30489.40478.40484.35484.042,79,94048.9%
14 Oct 2026472.15484.40469.80482.50478.463,35,28949.9%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Stock split history

Ex-dateEventPrice factorWhat happened
4 Aug 2023Split0.1000Each share became 10.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.

Company details

Chairperson
Kamal Kishore Sarda
At the end of the quarter to Sep 2026
Managing director
Pankaj Sarda
At the end of the quarter to Sep 2026
NSE symbol
SARDAEN
BSE code
504614
ISIN
INE385C01021
Industry
Ferrous Metals
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