SARDAENMetals & Mining

Sarda Energy & Minerals Limited

Iron & Steel · ISIN INE385C01021 · BSE 504614 · NSE EQ · FV ₹1
Last price
₹507
+1.93%today
What this company does

Sarda Energy & Minerals Limited operates in Iron & Steel, part of the Metals & Mining sector. It booked ₹1,608 cr of revenue in its latest quarter (Q1 FY27) and kept 28.5% of sales as profit. It is the 6th largest of 9 Iron & Steel companies we track, by market value.

In the report:
69out of 100
Equitytale Health Score
Solid

Healthier than 69% of companies in Metals & Mining, on all six measures of filed financials. Each measure is ranked against the 12–24 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
48

At close. Not part of the score.

Profitability & returns68

How much profit it earns on the money it employs

Balance sheet65

How much it owes, and whether earnings cover the interest

Cash quality83

Whether reported profit actually arrives as cash

Growth & consistency74

Whether sales and profit have grown, and how steadily

Valuation36

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 28% net margin
Profit up 6% vs last year
Promoters hold 73%
No promoter shares pledged
Strong 25% return on equity
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in SARDAEN?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹507 +1.93%
latest close · 2026-09-17
52-wk low ₹48842 sessions so far52-wk high ₹555
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio9.7Low
LowAverageHigh
P/B ratio2.42Moderate
Below bookModerateHigh
EV / EBITDA6.7Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity24.9%Strong
WeakFairStrong ▸15%
Return on capital25.9%Strong
WeakFairStrong
Net margin28.5%Strong
ThinDecentStrong
EBITDA margin47.4%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.35Comfortable
LowModerateHigh ▸1
Interest cover11.5×Strong
RiskyOkayStrong ▸5×
Current ratio4.50Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹17,865 cr
Book value
₹209
EPS
₹13.00
latest quarter
Net debt
₹2,488 cr
owes more than its cash
Enterprise value
₹20,352 cr
EBITDA
₹3,048 cr
annualised
EBIT
₹2,693 cr
annualised
Operating margin
41.9%
Return on assets
16.1%
Earnings yield
10.26%
P/S
2.78
Sales / share
₹182.5
Tax rate
24.7%
Face value
₹1
Shares
35.2 cr
Working capital
₹3,436 cr
Current assets
₹4,417 cr
Current liabilities
₹982 cr
Delivery %
46.5%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 3 models ₹310 vs market price ₹507 — price is 64% above it
Safety cushion-63.8%(target ≥ +20%)
Models span ₹240₹525, midpoint ₹310
Model ₹310
Price ₹507
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹1,608 cr
Other Income₹108 cr
Total Income₹1,717 cr
Cost of Materials₹653 cr
Purchases of Stock-in-Trade₹34 cr
Inventory Change (±)₹-17 cr
Employee Benefit Expense₹58 cr
Finance Costs₹58 cr
Depreciation & Amortisation₹89 cr
Other Expenses₹227 cr
Total Expenses₹1,102 cr
Profit before Tax₹615 cr
Tax Expense₹152 cr
Share of JV / Associates₹15 cr
Net Profit₹478 cr
Net margin on total income27.9%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹669 cr38.6%
Employee benefit expense₹58 cr3.4%
Finance costs₹58 cr3.4%
Depreciation & amortisation₹89 cr5.1%
Other expenses₹227 cr13.1%
Tax expense₹152 cr8.8%
Profit for the period₹478 cr27.6%
Total income ₹1,717 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue1,276 cr1,254 cr1,608 cr
Total income1,360 cr1,258 cr1,717 cr
Expenses1,116 cr1,048 cr1,102 cr
Profit before tax255 cr210 cr615 cr
Tax71 cr69 cr152 cr
Net profit (owners' share)190 cr158 cr458 cr
Net margin (owners' share, on revenue)14.9%12.6%28.5%
EPS (₹)5.404.4813.00
YoY (latest quarter): total income +0.2% · net profit +5.5%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹11,371 cr
Shareholder equity
₹7,370 cr
parent shareholders
Total debt
₹2,595 cr
Cash
₹108 cr
Cash flow · H1 FY26
Operating
₹1,273 cr
Investing
₹-935 cr
Financing
₹-357 cr
Peer comparison
Iron & Steel · by market value
CompanyPriceMarket capP/E
JSW Steel Limited₹1,253₹3.06 L cr16.4
Tata Steel Limited₹187₹2.34 L cr25.2
JINDAL STEEL LIMITED₹1,128₹1.15 L cr34.0
Steel Authority of India Limited₹175₹72,288 cr11.0
Jindal Stainless Limited₹724₹59,702 cr19.4
Sarda Energy & Minerals Limitedthis company₹507₹17,865 cr9.7
Vedanta Iron and Steel Limited₹32₹12,442 cr27.4
NMDC Steel Limited₹42₹12,203 cr54.8
Sandur Manganese & Iron Ores Limited₹183₹8,873 cr9.8
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.39%
trailing 12 months
Dividend / share (TTM)
₹2
Last dividend
₹2
ex 14 Aug 2026
ActionDetailEx-date
Dividend₹2 / share14 Aug 2026
Dividend₹1.5 / share22 Aug 2025
Dividend₹1 / share30 Aug 2024
Dividend₹0.75 / share8 Sep 2023
Stock splitStock Split From Rs.10/- to Rs.1/-4 Aug 2023
Dividend₹7.5 / share5 May 2022
Who owns it · 2026-06-30
No pledge
Promoter
73.2%
FII / Foreign
3.5%
DII / Domestic
3.5%
Retail / others
19.9%
Promoter stake up 0.5% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtSaurabh Rathi · Promoter Group58,31021 Aug 25
BoughtSonal Sarda · Promoter Group5.52 L24 Nov 23
SoldNeeraj Sarda · Promoter Group5.52 L24 Nov 23
Bulk / block deals
short · NSE110 Sep 26
short · NSE910 Apr 26
short · NSE10018 Mar 26
Stake changes
BothKamal Kishore Sarda · promoter→ 73.16% · 97.15 L12 Aug 26
DisposalKamal Kishore Sarda · promoter→ 1.53%27 Jun 22
BoughtUma Sarda · promoter→ 3.45% · 7.53 L5 Aug 21
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 25 Sep 2025
See the official result
1
Adoption of the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2025 and the Reports of the Board of Directors and the Auditors thereon.
Backed by 98% of shareholders other than promotersneeded 50%
2.48 cr votes for, 4.94 L against · 2% of mutual funds and other big investors said no
2
Adoption of the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2025 and the Report of the Auditors thereon.
Backed by 98% of shareholders other than promotersneeded 50%
2.48 cr votes for, 4.94 L against · 2% of mutual funds and other big investors said no
3
Declaration of Dividend @ ₹ 1.50 per equity share (150%) on equity share of F.V. of ₹ 1/- for the F.Y. 2024-25.
Backed by 100% of shareholders other than promotersneeded 50%
2.54 cr votes for, 1,122 against · 0% of mutual funds and other big investors said no
4
Re-appointment of Mr. Padam Kumar Jain (DIN: 00008379) as Director, who retires by rotation at the AGM and being eligible, had offered himself for re-appointment
Backed by 99% of shareholders other than promotersneeded 50%
2.52 cr votes for, 1.36 L against · 1% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 30 named members
owning 70.4% between them · as of 2026-06-30
Chhattisgarh Investments Ltd.39.04%
Sarda Agriculture & Properties Pvt. Ltd.7.33%
Prachi Agriculture & Properties Pvt. Ltd.4.46%
Ghanshyam Sarda3.76%
Uma Sarda3.43%
Anant Sarda2.23%
Manish J Sarda2.14%
Neeraj Sarda1.99%
Business done with them
FY2025 · 7 of the group
The company paid ₹20 cr to companies in the promoter group last year — about 0.4% of its ₹4,643 cr revenue.
Kamal Kishore Sarda
Other payments to them · Commission &Remuneration Paid
also owns 1.60% of the company
₹10 cr
company paid
Pankaj Sarda
Other payments to them · Commission &Remuneration Paid
also owns 1.91% of the company
₹8 cr
company paid
Neeraj Sarda
Other payments to them · Remuneration Paid
also owns 1.99% of the company
₹1 cr
company paid
Anant Sarda
Other payments to them · Remuneration paid
also owns 2.23% of the company
₹66 L
company paid
Sonal Sarda
Other payments to them · Remuneration Paid
also owns 0.16% of the company
₹26 L
company paid
Ghanshyam Sarda
Leases As Lessee · Rent Paid
also owns 3.76% of the company
₹14 L
company received
Vipula Sarda
Other payments to them · Remuneration paid
also owns 1.18% of the company
₹3 L
company paid

The company also transacted with 29 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.