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Sarda Energy & Minerals Limited
(SARDAEN)
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Rating:63Neutral
Price Target:
₹470.00
▼(-10.10% Downside)
Action:Reiterated
Date:08/24/26
The score is driven primarily by solid balance-sheet resilience and improved FY2026 cash generation, tempered by elevated cyclicality evidenced by the steep FY2026 revenue decline. Technical signals are neutral and valuation is fair but not strongly supported by dividend yield.
Positive Factors
Expanded Equity Base
The substantial increase in equity provides a stronger capital foundation for the integrated metals business and improves resilience through commodity cycles. A larger equity base can support investment, absorb operating volatility, and reduce dependence on external financing when market conditions weaken.
Negative Factors
Severe Revenue Cyclicality
The sharp FY2026 revenue contraction and lower operating profit show that earnings remain highly sensitive to steel and alloy demand and pricing conditions. Such cyclicality can reduce visibility, pressure utilization and margins, and make financial performance uneven across the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Expanded Equity Base
The substantial increase in equity provides a stronger capital foundation for the integrated metals business and improves resilience through commodity cycles. A larger equity base can support investment, absorb operating volatility, and reduce dependence on external financing when market conditions weaken.
Read all positive factors
Sarda Energy & Minerals Limited (SARDAEN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹155.36B
Dividend Yield0.45%
Average Volume (3M)22.93K
Price to Earnings (P/E)13.8
Beta (1Y)0.72
Revenue Growth5.90%
EPS Growth20.78%
CountryIN
Employees1,507
SectorGeneral
Sector StrengthN/A
IndustrySteel
Share Statistics
EPS (TTM)32.05
Shares Outstanding352,381,380
10 Day Avg. Volume23,992
30 Day Avg. Volume22,928
Financial Highlights & Ratios
PEG Ratio0.28
Price to Book (P/B)2.44
Price to Sales (P/S)3.16
P/FCF Ratio14.08
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Sarda Energy & Minerals Limited Business Overview & Revenue Model
Company Description
Sarda Energy & Minerals Limited (SEM) is an Indian industrial conglomerate primarily engaged in the manufacturing and distribution of steel products. Its diverse operations are structured across three key segments: Steel, Ferroalloys, and Power. T...
How the Company Makes Money
SARDAEN primarily makes money by producing and selling metal products and related industrial outputs across multiple, vertically connected business lines. A key revenue stream comes from the sale of steel and downstream steel products manufactured...
Sarda Energy & Minerals Limited Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
74
Positive
Cash Flow
71
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 56.54B | 56.90B | 46.65B | 38.82B | 42.16B | 39.19B |
| Gross Profit | 24.14B | 22.10B | 20.35B | 14.40B | 16.85B | 18.06B |
| EBITDA | 20.05B | 20.81B | 12.49B | 8.01B | 10.56B | 13.45B |
| Net Income | 11.30B | 11.06B | 7.00B | 5.23B | 6.02B | 8.04B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 113.71B | 101.25B | 60.02B | 54.81B | 52.98B |
| Cash, Cash Equivalents and Short-Term Investments | 23.80B | 23.80B | 12.57B | 13.26B | 7.97B | 7.33B |
| Total Debt | 0.00 | 26.32B | 28.61B | 13.66B | 14.07B | 15.81B |
| Total Liabilities | -74.76B | 38.94B | 37.32B | 20.08B | 19.71B | 21.90B |
| Stockholders Equity | 74.76B | 73.70B | 62.86B | 38.89B | 34.10B | 30.04B |
Cash Flow | ||||||
| Free Cash Flow | 10.35B | 12.78B | 3.95B | 4.87B | 4.85B | 6.35B |
| Operating Cash Flow | 12.73B | 16.16B | 8.86B | 7.52B | 7.01B | 9.17B |
| Investing Cash Flow | -9.35B | -12.85B | -21.32B | -4.34B | -4.31B | -4.01B |
| Financing Cash Flow | -3.57B | -2.81B | 12.00B | -2.22B | -4.79B | -3.31B |
Sarda Energy & Minerals Limited Technical Analysis
Negative
522.80
Price Trends
494.29
Negative
500.92
Negative
515.51
Negative
Market Momentum
-13.90
Positive
31.18
Neutral
25.74
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SARDAEN, the sentiment is Negative. The current price of 522.8 is above the 20-day moving average (MA) of 473.94, above the 50-day MA of 494.29, and above the 200-day MA of 515.51, indicating a bearish trend. The MACD of -13.90 indicates Positive momentum. The RSI at 31.18 is Neutral, neither overbought nor oversold. The STOCH value of 25.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SARDAEN.
Sarda Energy & Minerals Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹78.75B | 10.96 | ― | 0.31% | 45.22% | 45.66% | |
66 Neutral | ₹129.90B | 14.71 | ― | 0.52% | 8.43% | 13.22% | |
63 Neutral | ₹155.36B | 13.76 | ― | 0.45% | 5.90% | 20.78% | |
62 Neutral | ₹324.85B | 28.86 | ― | 0.38% | 22.76% | 21.47% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹58.87B | 11.23 | ― | 1.14% | 23.64% | 46.48% | |
52 Neutral | ₹197.73B | 498.77 | ― | 0.86% | 27.42% | ― |
* General Sector Average
IN:SARDAEN
Sarda Energy & Minerals Limited
440.90
-86.33
-16.37%
IN:GPIL
Godawari Power & Ispat Ltd.
192.95
-89.38
-31.66%
IN:IMFA
Indian Metals & Ferro Alloys Ltd.
1,091.10
-97.48
-8.20%
IN:KIOCL
KIOCL Ltd
325.35
-105.25
-24.44%
IN:SANDUMA
Sandur Manganese & Iron Ores Ltd
162.00
-54.32
-25.11%
IN:SHYAMMETL
Shyam Metalics & Energy Ltd.
1,163.80
290.40
33.25%
Sarda Energy & Minerals Limited Corporate Events
Sarda Energy & Minerals Holds 53rd AGM, Approves FY26 Accounts and Dividend
Sep 24, 2026
Sarda Energy Minerals Limited held its 53rd Annual General Meeting on September 24, 2026, via video conferencing, with Chairman Kamal Kishore Sarda presiding and confirming the presence of the full board, statutory and secretarial auditors, and r...
Sarda Energy & Minerals Says Share Volume Surge Is Market-Driven, Affirms Compliance
Aug 14, 2026
Sarda Energy Minerals Limited, a certified producer in the steel and minerals space, operates under ISO 9001, ISO 14001 and ISO 45001 standards. Listed on the National Stock Exchange of India as SARDAEN, the company stresses its commitment to tim...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.