Shyam Metalics and Energy logo

Shyam Metalics and Energy share price

NSE: SHYAMMETLBSE: 543299Industrial ProductsSmall Cap

Shyam Metalics and Energy Limited · Face value ₹10 · Listed Jun 2021 · Issue price ₹306
Last close ₹1,141.60down ₹3.10 (0.27%)BSE ₹1,139.00

Share price at the NSE close on 29 Oct 2026. Previous close ₹1,144.70.

29 Oct: open ₹1,140.00, high ₹1,164.90, low ₹1,134.70

52-week range of traded prices to 29 Oct 2026
₹746.00Low, 16 Mar 2026₹1,240.50High, 19 Oct 2026
Market cap
₹31,866 Cr312th largest listed
P/E
Owners' profit not stated
P/B
2.77
Dividend yield
0.39%
ROCE
11.8%
Debt to equity
0.08
Volume, NSE
2,29,18073.6% delivered

Shyam Metalics and Energy share price chart

Daily closes since Jun 2021, adjusted for splits and bonuses

+24.7%over a year · Nifty Smallcap 250 −1.9% · Nifty 500 −8.4%

Results20-session average 4,10,637 shares a day, 53.6% delivered

About Shyam Metalics and Energy

Shyam Metalics and Energy Limited is a Kolkata-based integrated metal producer making carbon steel, stainless steel, ferro alloys and aluminium foil for infrastructure, construction, engineering, transportation, packaging and export markets.12 Its plants in West Bengal, Odisha, Madhya Pradesh and Jharkhand sit under one ownership from ore processing and captive power to finished products, with captive railway sidings for raw materials and dispatch.3

It sells intermediate products, finished steel, cold-rolled coils and sheets, ferro alloys, stainless steel and aluminium foil.4 Its customer-facing brand SEL Tiger covers TMT bars, structural steel, roofing sheets (sold as Royale, Elite, Azure and Alfa) and aluminium foil, and its TMT bars are also sold as Gopala.567 It sells in 25 Indian states and union territories and in 40 countries.8

It was incorporated in 2002, began with sponge iron production at Mangalpur and listed on NSE and BSE in 2021.2910 It entered stainless steel by acquiring Mittal Corp, completed in October 2023, whose plant at Pithampur in Madhya Pradesh makes stainless billets, bright bars and wire rods.1112 Its promoters, including founder Mahabir Prasad Agarwal and Chairman and Managing Director Brij Bhushan Agarwal, held 74.59% of the shares at the end of Mar 2026.1314 Its wholly owned subsidiary Shyam SEL and Power Limited is classed as a material subsidiary under the listing rules.15

Shyam Metalics and Energy key points

Results

  • In the quarter to Jun 2026, consolidated revenue from operations was ₹5,455 crore, up 23.3% from a year earlier, and EBITDA (earnings before interest, tax, depreciation and amortisation) was ₹812 crore, up 28.3%.16
  • Profit after tax for the quarter to Jun 2026 was ₹351 crore, up 20.6% from a year earlier.17
  • In the year to Mar 2026, consolidated revenue from operations was ₹18,552 crore, up 22% from ₹15,138 crore, and EBITDA was ₹2,537 crore against ₹2,097 crore.18
  • Consolidated profit after tax for the year to Mar 2026 was ₹1,060.17 crore, up 16.60% from ₹909.26 crore.19

Balance sheet and credit rating

  • At the end of Mar 2026 the company had net cash of ₹378 crore (cash and investments above debt), gross debt of ₹957 crore and a debt-to-equity ratio of 0.08, under its own cap of 0.5.20
  • On 6 Nov 2025 CRISIL upgraded its long-term credit rating (an agency's view of its ability to repay debt) from AA (Positive) to AA+ (Stable).2122

Revenue mix

  • Revenue by business, year to Mar 202623
    Itemyear to Mar 2026
    Carbon steel₹12,760 crore, 70%
    Speciality alloys₹2,097 crore, 11%
    Stainless steel₹1,322 crore, 7%
    Cold-rolled and coated steel₹1,242 crore, 7%
    Aluminium₹821 crore, 5%

Plants and capacity

  • Its aggregate installed metal capacity is 16.93 million tonnes a year (MTPA), with 467 MW of captive power plants.24
  • Installed capacity by product, year to Mar 2026 (MTPA)25
    Itemyear to Mar 2026
    Iron ore pellets6.00
    Sponge iron3.05
    TMT bars, structural steel, wire rods and pipes2.07
    Billets2.01
    Pig iron1.22
    Speciality alloys0.22
    Stainless steel finished products0.15
  • Captive plants supplied 79% of its power in the quarter to Jun 2026, at ₹2.65 per kWh against an average of ₹3.30 including grid power.26
  • A second phase of the cold rolling mill at Jamuria, commissioned in April 2026, raised cold-rolling capacity by 60%, from 0.25 to 0.4 MTPA.2728

Expansion and capital spending

  • By Jun 2026 the company had spent ₹9,205 crore on projects since listing, 49% of the ₹18,785 crore planned; ₹6,286 crore of it was capitalised (in use).29
  • On its earnings call of 21 Jul 2026, the company said the remaining ₹9,580 crore or so of announced capital spending is expected over 3 to 4 years, funded mainly from its own cash.30
  • The company stated in its annual report for the year to Mar 2026 that a 0.8 MTPA special bar quality steel mill at Kharagpur (₹900 crore) and 0.6 MTPA of stainless steel at Sambalpur (₹1,800 crore) are due from the year to Mar 2029.31
  • The company stated in its annual report for the year to Mar 2026 that it is building a 1.58 MTPA hot strip mill and a ₹200 crore plant for 4,800 railway wagons a year.3233

What the company expects

  • The company stated in its annual report for the year to Mar 2026 that it targets revenue above ₹42,500 crore and operating EBITDA (excluding other income) above ₹6,200 crore, from ₹2,333 crore, by the year to Mar 2031.34
  • The company stated in its annual report for the year to Mar 2026 that it expects value-added products to reach 88% of revenue by the year to Mar 2031, from 56% in the year to Mar 2026.35
  • The company stated in its annual report for the year to Mar 2026 that its revenue targets for the year to Mar 2027 are ₹1,500 to 2,000 crore from stainless steel, ₹2,000 to 2,500 crore from colour-coated steel, ₹3,000 to 3,500 crore from pig iron.36

Recent events

  • On 16 Oct 2026 the National Company Law Tribunal approved the merger of Shree Venkateshwara Electrocast into subsidiary Shyam SEL and Power, effective from 1 Apr 2024.37
  • On 1 Oct 2026 the company signed a non-binding memorandum of understanding (a statement of intent) with the Government of Maharashtra for a proposed ₹50,000 crore, 9 MTPA integrated steel plant at Chandrapur.3839
  • On 29 Jul 2026 the company commissioned a 1.5 MTPA beneficiation plant (which upgrades low-grade iron ore into usable feed) at Sambalpur, built for ₹150 crore.40
  • On 16 Jul 2026 a subsidiary began commercial production at an 18,000 tonne-a-year aluminium foil plant at Sambalpur and set a 60,000 tonne flat rolled products line for the end of Sep 2026; the company's documents give no outcome.41

Litigation and regulatory matters

  • On 15 Apr 2026 the Directorate of Enforcement provisionally attached ₹159.48 crore of investments of subsidiary Shyam SEL and Power for 180 days, in a money-laundering probe into alleged illegal coal mining. The company's documents give no outcome.4243
  • In a filing of 13 Apr 2026, the company said the Central Pollution Control Board had ordered 3 Rengali units closed over pollution lapses, then granted relief with 3 months to comply.44

Last updated

All 44 sources, each with its page
  1. 1. Annual report, 3 Aug 2026, page 45
  2. 2. Annual report, 3 Aug 2026, page 156
  3. 3. Annual report, 3 Aug 2026, page 14
  4. 4. Annual report, 3 Aug 2026, page 28
  5. 5. Annual report, 3 Aug 2026, page 32
  6. 6. Investor presentation, 20 Jul 2026, page 59
  7. 7. Annual report, 3 Aug 2026, page 31
  8. 8. Annual report, 3 Aug 2026, page 74
  9. 9. Investor presentation, 20 Jul 2026, page 8
  10. 10. Exchange filing, 29 Jul 2026, page 2
  11. 11. Investor presentation, 20 Jul 2026, page 20
  12. 12. Annual report, 3 Aug 2026, page 16
  13. 13. Annual report, 3 Aug 2026, page 106
  14. 14. Annual report, 3 Aug 2026, page 38
  15. 15. Annual report, 3 Aug 2026, page 60
  16. 16. Earnings call, 21 Jul 2026, page 6
  17. 17. Earnings call, 21 Jul 2026, page 6
  18. 18. Annual report, 3 Aug 2026, page 46
  19. 19. Annual report, 3 Aug 2026, page 59
  20. 20. Annual report, 3 Aug 2026, page 13
  21. 21. Annual report, 3 Aug 2026, page 106
  22. 22. Annual report, 3 Aug 2026, page 13
  23. 23. Investor presentation, 20 Jul 2026, page 50
  24. 24. Exchange filing, 23 Oct 2026, page 3
  25. 25. Annual report, 3 Aug 2026, page 45
  26. 26. Investor presentation, 20 Jul 2026, page 36
  27. 27. Earnings call, 21 Jul 2026, page 6
  28. 28. Annual report, 3 Aug 2026, page 12
  29. 29. Investor presentation, 20 Jul 2026, page 38
  30. 30. Earnings call, 21 Jul 2026, page 7
  31. 31. Annual report, 3 Aug 2026, page 47
  32. 32. Annual report, 3 Aug 2026, page 7
  33. 33. Annual report, 3 Aug 2026, page 8
  34. 34. Annual report, 3 Aug 2026, page 9
  35. 35. Annual report, 3 Aug 2026, page 7
  36. 36. Annual report, 3 Aug 2026, page 13
  37. 37. Exchange filing, 23 Oct 2026, page 2
  38. 38. Exchange filing, 2 Oct 2026, page 1
  39. 39. Exchange filing, 2 Oct 2026, page 2
  40. 40. Exchange filing, 29 Jul 2026, page 2
  41. 41. Exchange filing, 16 Jul 2026, page 2
  42. 42. Annual report, 3 Aug 2026, page 148
  43. 43. Annual report, 3 Aug 2026, page 70
  44. 44. Exchange filing, 13 Apr 2026, page 1

Results

Consolidated; ₹ crore.Shyam Metalics and Energy quarterly results

Revenue growth, 12 months
+22.8%
Net profit growth, 12 months
–

Quarter to Jun 2026, against the quarter before

Revenue
₹5,455 Crup 4.10%
Net profit
₹351 Crup 12.58%
Net margin
6.4%

Revenue by quarter

₹3,634 CrSep 24₹3,753 CrDec 24₹4,139 CrMar 25₹4,419 CrJun 25₹4,457 CrSep 25₹4,421 CrDec 25₹5,240 CrMar 26₹5,455 CrJun 26
Peak revenue ₹5,455 Cr, quarter to Jun 2026; lowest ₹3,634 Cr, quarter to Sep 2024

Net profit by quarter, a loss in red

₹216 CrSep 24₹197 CrDec 24₹220 CrMar 25₹291 CrJun 25₹260 CrSep 25₹198 CrDec 25₹312 CrMar 26₹351 CrJun 26
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue3,6343,7534,1394,4194,4574,4215,2405,455
Net profit216197220291260198312351
Net margin5.9%5.3%5.3%6.6%5.8%4.5%5.9%6.4%
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

In the year to Mar 2026 the company reports one business segment, Steel and allied products, which carries all its revenue.

Valuation

Today, against the company's own history. Not shown, P/E: a quarter's profit for shareholders does not agree with its own earnings per share.Shyam Metalics and Energy PE ratio and valuation

Price to book

At or below today's level on 99% of 1,153 trading days since Nov 2021.

LowestHighest
Its median1.96Industry median1.51
Dividend yield

At or below today's level on 27% of 1,239 trading days over the last 5 years.

LowestHighest
Its median0.62%Industry median0.51%

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−9.0%+16.5%−22.4%0.6%
3 years+43.7%+4.6%+36.8%0.5%
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.Shyam Metalics and Energy shareholding pattern

Shareholding by group

  • Promoters74.59%
  • Foreign institutions5.29%
  • Indian institutions11.15%
  • Individuals and others8.71%
  • Employee trusts0.27%
Holder
SUBHAM BUILDWELL PVT. LTD.Promoter21.86%
NARANTAK DEALCOMM LIMITEDPromoter15.48%
SUBHAM CAPITAL PRIVATE LIMITEDPromoter14.61%
BRIJ BHUSHAN AGARWALPromoter8.34%
KALPATARU HOUSE FIN. AND TRADING PRIVATE LTD.Promoter7.67%
DORITE TRACON (P) LTDPromoter5.09%
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 +2.32 pts, Indian institutions −2.60 pts, mutual funds +0.01 pts.

Mutual fund holdings

56 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 45 of the 46 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 56 funds holding Shyam Metalics and Energy

Added
16
Cut
30
Held unchanged
10
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 30 Oct 2025.Shyam Metalics and Energy insider trading

Bought on the market Sold on the market
  • Others0 purchases, 1 saleNo purchase₹0.55 CrNet−₹0.55 Cr3 pledge filings of unclear kind · 2 off-market moves
  • Promoters and promoter group: no market trade
  • Directors and key managers: no market trade · 2 off-market moves
  • Employees: no market trade · 9 off-market moves
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.

Shyam Metalics and Energy competitors and peers

Iron & Steel Products, 145 listed companies, priced on 29 Oct 2026. The table lists the 8 companies closest to Shyam Metalics and Energy in market cap.Capital goods stocks

Shyam Metalics and Energy is not on the chart: it has no P/E or return on equity today

Return on equity across, P/E up, size is market cap
Company
Welspun Corp logoWelspun CorpWELCORP65,92427.846.20+13.6%+9.5%25.2%17.8%0.20%
APL Apollo Tubes logoAPL Apollo TubesAPLAPOLLO60,94646.5310.62+15.8%+24.9%25.3%26.0%0.39%
Ratnamani Metals & Tubes logoRatnamani Metals & TubesRATNAMANI16,31737.693.97−16.3%−24.1%11.2%13.2%0.43%
Jindal Saw logoJindal SawJINDALSAW15,19527.701.20−0.7%−60.1%4.4%6.7%0.84%
Usha Martin logoUsha MartinUSHAMART14,07627.764.26+8.5%+25.4%16.8%18.8%0.81%
Gallantt Ispat logoGallantt IspatGALLANTT13,80133.873.96+5.5%−17.3%12.4%12.3%0.35%
Godawari Power and Ispat logoGodawari Power and IspatGPIL13,10216.242.26+8.4%+8.9%15.1%17.2%0.51%
Jayaswal Neco Industries logoJayaswal Neco IndustriesJAYNECOIND8,71712.662.63+18.3%+82.8%23.4%25.3%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.Shyam Metalics and Energy dividend history

Dividend per share, ₹, restated for later splits and bonuses

2.7Mar 217.2Mar 223.6Mar 232.7Mar 244.5Mar 254.5Mar 261.8Mar 27so far
Highest ₹7.20 a share, year to Mar 2022.
Ex-dateTypePer share
7 Aug 2026Final₹2.70
24 Jul 2026Interim₹1.80
19 Aug 2025Final₹2.25
28 Jul 2025Interim₹1.80
7 Feb 2025Interim₹2.25
30 Aug 2024Final₹2.70
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Shyam Metalics and Energy announcements

Shyam Metalics and Energy share price by year

Each calendar year to 2025.Shyam Metalics and Energy share price history

YearClose at year endChangeHighest closeLowest close
2025847.65+16.2%992.15692.80
2024729.40+16.2%942.40544.30
2023627.80+100.2%627.80255.40
2022313.60−8.5%378.10276.45
2021342.85–445.00308.25
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2021 is from its first session, 24 Jun 2021.

Recent sessions

The 9 trading days to 28 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
28 Oct 20261,146.001,155.001,140.101,144.701,146.2447,79153.9%
27 Oct 20261,130.701,160.001,120.501,153.801,147.8582,24539.6%
26 Oct 20261,098.701,143.001,098.701,126.201,123.412,39,87653.9%
23 Oct 20261,193.101,193.101,130.001,131.301,144.472,85,04544.3%
22 Oct 20261,179.401,210.301,161.101,200.001,187.153,69,23356.5%
21 Oct 20261,230.101,235.001,169.601,195.601,198.0910,27,70244.1%
19 Oct 20261,200.201,240.501,178.501,226.601,225.137,65,36947.1%
16 Oct 20261,156.001,223.001,146.101,198.501,195.249,63,47744.7%
15 Oct 20261,141.601,166.001,128.001,157.001,155.185,45,25247.3%
Prices in ₹ per share as traded, not adjusted.

Company details

Chairperson and managing director
BRIJ BHUSHAN AGARWAL
At the end of the quarter to Jun 2026
Managing director
SANJAY KUMAR AGARWAL
At the end of the quarter to Jun 2026
NSE symbol
SHYAMMETL
BSE code
543299
ISIN
INE810G01011
Industry
Industrial Products
CIN
L40101WB2002PLC095491
Corporate identity number, the registrar of companies' code for it
Incorporated
2002
Registered office
83, Trinity Tower, 7th Floor, Topsia Road, Kolkata 700046, West Bengal
Share registrar
KFin Technologies Ltd
Keeps the register of shareholders and handles transfers and dividend payments