Sandur Manganese & Iron Ores Ltd.

BSE: SANDUMA504918ISIN INE149K01016

Commodities
Iron & Steel
BSE 1000

Share price

₹180.75+16.65 (+10.15%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

Splits and bonuses

22 Sep 2025 · Bonus 2:1

52W high: ₹272.85
52W low: ₹153.25
Off 52W high: -33.75%
1M return: +2.09%
3M return: -15.58%
6M return: -15.60%
1Y return: -17.75%
20D avg volume: 60,339
50 DMA: ₹183.21
200 DMA: ₹202.38

Key ratios Consolidated

Market cap: ₹8,786 Cr
Current price: ₹180.75
52W high / low: ₹272.85 / ₹153.25
Face value: ₹10.00
P/E: 10.27
P/B: 2.36
EPS (TTM): ₹17.31
Book value / share: ₹76.44
ROE: —
ROCE: 26.20%
Operating margin: —
Net margin: —
Debt / equity: 0.30
Net debt: ₹941.80 Cr
Interest cover: 4.90
Dividend yield: 0.28%
Dividend / share (TTM): ₹0.50
Payout: 2.89%
Cash conversion cycle: 32.9 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	1,506	1,375	1,511	1,209	1,232	1,135	1,321	951.87	260.25	601.67	551.77	153.02
	12.98	14.74	19.50	27.86	12.43	14.78	9.02	19.89	25.15	23.06	30.90	15.44
	1,519	1,390	1,531	1,237	1,245	1,150	1,330	971.76	285.40	624.73	582.67	168.46
	1,208	1,108	1,234	1,058	1,070	940.80	1,126	791.34	241.95	428.92	363.22	155.30
	608.45	569.58	564.91	488.32	479.88	512.36	515.44	379.34	115.73	117.99	65.27	30.18
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	72.32	81.89	90.88	75.47	69.52	75.87	68.64	61.24	44.07	36.04	48.09	39.55
	25.58	26.11	55.38	46.13	57.14	53.59	66.56	41.39	4.78	4.23	4.47	4.80
	54.23	51.05	53.75	53.60	53.31	51.16	53.98	38.35	14.47	13.96	14.66	14.56
	421.89	384.77	406.93	369.50	333.80	323.82	402.83	280.89	131.41	213.09	243.94	101.39
	311.00	281.07	296.89	178.81	174.70	209.36	204.46	180.42	43.45	195.81	219.45	13.16
	9.32	0.00	0.00	-32.27	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	320.32	281.07	296.89	146.54	174.70	209.36	204.46	180.42	43.45	195.81	219.45	13.16
	59.33	52.17	60.40	30.16	35.89	42.28	47.36	41.80	11.11	49.26	57.12	3.35
	261.25	227.85	236.28	115.83	138.87	167.09	156.50	137.48	32.14	144.49	163.61	9.07
	5.35	4.67	4.85	2.38	2.85	10.28	9.64	8.48	1.98	8.92	10.10	0.56
Key metrics
	400.13	358.23	406.02	246.27	285.15	314.11	325.00	260.16	62.70	214.00	238.58	32.52
	26.60%	26.10%	26.90%	20.40%	23.10%	27.70%	24.60%	27.30%	24.10%	35.60%	43.20%	21.30%
	17.30%	16.60%	15.60%	9.60%	11.30%	14.70%	11.80%	14.40%	12.30%	24.00%	29.70%	5.90%
	7.80%	—	8.90%	—	5.50%	—	6.60%	—	—	—	—	—
	22.20%	21.10%	14.40%	27.00%	373.50%	88.70%	139.50%	522.10%	—	—	—	—
	88.10%	36.40%	51.00%	-15.70%	332.10%	15.60%	-4.30%	1,415.80%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23
Income statement
	5,602	5,088	3,135	1,252	2,126
	75.08	74.57	77.12	82.67	59.20
	5,677	5,163	3,212	1,335	2,185
	4,609	4,303	2,588	1,010	1,826
	2,231	2,045	1,128	283.00	1,182
	0.00	0.00	0.00	—	—
	320.56	311.74	209.99	171.31	128.05
	153.20	212.24	116.96	19.97	27.85
	212.63	211.82	120.76	57.84	64.26
	1,583	1,434	1,028	582.19	443.51
	1,068	859.76	624.14	325.02	359.51
	-22.95	-32.27	0.00	0.00	0.00
	1,045	827.49	624.14	325.02	359.51
	202.06	168.73	149.53	86.38	88.45
	841.21	658.07	470.61	239.46	270.79
	17.25	13.51	29.02	14.78	101.23
Key metrics
	1,411	1,252	861.86	402.83	451.62
	25.18%	24.60%	27.50%	32.20%	21.20%
	15.02%	12.90%	15.00%	19.10%	12.70%
	—	26.20%	18.10%	—	—
	20.70%	62.30%	150.40%	-41.10%	—
	40.22%	39.80%	96.50%	-11.60%	—
	—	987.71	753.04	—	—
	—	1.74	1.79	—	—
	—	0.30	0.72	—	—
	—	941.80	1,868	—	—
	—	32.9	67.5	—	—
Balance sheet
	—	5,527	5,648	—	—
	—	1,802	1,795	—	—
	—	52.99	14.01	—	—
	—	437.91	374.46	—	—
	—	872.48	951.92	—	—
	—	128.66	47.28	—	—
	—	2,878	2,673	—	—
	—	852.30	746.76	—	—
	—	1,563	1,556	—	—
	—	994.79	1,882	—	—
	—	416.57	546.70	—	—
	—	578.22	1,335	—	—
	—	3,270	2,627	—	—
Cash flow
	—	1,143	840.55	—	—
	—	19.71	-1,554	—	—
	—	-1,123	703.74	—	—
	—	155.01	87.51	—	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	582.28	540.31	668.17	483.37	436.36	422.72	594.95	481.67	260.25	601.67	551.77	153.02
	10.89	13.29	18.36	23.94	10.49	12.03	8.06	17.00	24.83	22.79	30.55	15.14
	593.17	553.60	686.53	507.31	446.85	434.75	603.01	498.67	285.08	624.46	582.32	168.16
	354.92	338.99	428.62	349.32	299.30	262.09	414.32	329.30	241.93	428.89	363.01	155.27
	56.48	44.41	52.04	31.03	38.40	39.94	65.78	74.17	115.73	117.99	65.27	30.18
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	36.67	43.00	47.99	39.36	38.48	35.80	38.17	40.99	44.07	36.04	48.09	39.55
	7.73	7.91	35.01	27.47	30.42	30.71	38.62	24.99	4.78	4.23	4.47	4.80
	16.62	14.50	15.04	16.90	16.05	15.56	16.33	15.34	14.47	13.96	14.66	14.56
	245.23	220.42	245.26	213.10	175.50	174.20	255.52	181.88	131.39	213.06	243.73	101.36
	238.25	214.61	257.91	157.99	147.55	172.66	188.69	169.37	43.15	195.57	219.31	12.89
	0.00	0.00	0.00	-18.89	0.00	0.00	0.00	—	—	—	—	—
	238.25	214.61	257.91	139.10	147.55	172.66	188.69	169.37	43.15	195.57	219.31	12.89
	60.73	53.42	61.65	31.24	37.34	43.91	49.39	42.62	11.03	49.22	57.08	3.28
	177.52	161.19	196.26	107.86	110.21	128.75	139.30	126.75	32.12	146.35	162.23	9.61
	3.65	3.32	4.04	2.22	2.27	7.95	8.60	7.82	1.98	9.03	10.01	0.59
Key metrics
	262.60	237.02	307.96	183.47	194.02	218.93	243.64	209.70	62.40	213.76	238.44	32.25
	45.10%	43.90%	46.10%	38.00%	44.50%	51.80%	41.00%	43.50%	24.00%	35.50%	43.20%	21.10%
	30.50%	29.80%	29.40%	22.30%	25.30%	30.50%	23.40%	26.30%	12.30%	24.30%	29.40%	6.30%
	6.60%	—	8.70%	—	4.80%	—	6.40%	—	—	—	—	—
	33.40%	27.80%	12.30%	0.40%	67.70%	-29.70%	7.80%	214.80%	—	—	—	—
	61.10%	25.20%	40.90%	-14.90%	243.10%	-12.00%	-14.10%	1,218.90%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	2,274	2,011	1,939	1,252	2,126	2,249
	66.48	64.82	72.68	81.53	58.84	35.23
	2,341	2,075	2,011	1,334	2,185	2,284
	1,472	1,339	1,414	1,009	1,825	1,369
	183.96	161.41	373.67	283.00	1,182	790.51
	0.00	0.00	0.00	—	—	—
	167.02	161.63	159.27	171.31	128.05	112.94
	78.12	123.61	72.62	19.97	27.85	38.43
	63.06	63.55	60.10	57.84	64.26	55.60
	924.01	808.06	781.85	581.90	443.30	380.39
	868.76	736.11	596.78	324.17	359.36	915.32
	-18.89	-18.89	0.00	—	—	—
	849.87	717.22	596.78	324.17	359.36	915.32
	207.04	174.14	152.26	86.16	88.45	240.21
	642.83	543.08	444.52	238.01	270.91	675.11
	13.23	11.17	27.43	14.69	101.27	749.96
Key metrics
	991.05	904.38	729.50	401.98	451.47	1,009
	43.58%	45.00%	37.60%	32.10%	21.20%	44.90%
	28.27%	27.00%	22.90%	19.00%	12.70%	30.00%
	—	24.90%	18.90%	—	—	—
	17.48%	3.70%	54.80%	-41.10%	-5.50%	—
	27.29%	22.20%	86.80%	-12.10%	-59.90%	—
	—	683.44	593.91	—	—	—
	—	1.35	1.48	—	—	—
	—	0.10	0.39	—	—	—
	—	291.89	1,018	—	—	—
	—	31.9	38.7	—	—	—
Balance sheet
	—	3,780	3,932	—	—	—
	—	660.88	753.00	—	—	—
	—	33.58	2.53	—	—	—
	—	8.20	1.16	—	—	—
	—	272.79	322.83	—	—	—
	—	60.62	25.06	—	—	—
	—	882.38	838.97	—	—	—
	—	105.45	118.62	—	—	—
	—	403.42	384.84	—	—	—
	—	325.47	1,021	—	—	—
	—	79.30	99.86	—	—	—
	—	246.17	920.68	—	—	—
	—	3,109	2,585	—	—	—
Cash flow
	—	733.23	659.25	—	—	—
	—	137.53	-1,480	—	—	—
	—	-839.71	800.22	—	—	—
	—	49.79	65.34	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: -1.84%
Sales CAGR 5Y: —
Profit CAGR 3Y: +26.09%
Profit CAGR 5Y: —
Sales YoY (TTM): +17.48%
Profit YoY (TTM): +27.29%

Consolidated

Sales CAGR 3Y: +33.77%
Sales CAGR 5Y: —
Profit CAGR 3Y: +34.45%
Profit CAGR 5Y: —
Sales YoY (TTM): +20.70%
Profit YoY (TTM): +40.22%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 74.23%

Quarter	September 2026	June 2026
Promoter %	74.23%	74.23%

Holder	Type	Holding	Previous	Change
SKAND PRIVATE LIMITED	Promoter	52.41%	52.41%	0.00%
LOHAGIRI INDUSTRIALS PRIVATE LIMITED	Promoter Group	18.19%	18.19%	0.00%
BAHIRJI AJAI GHORPADE	Promoter	3.15%	3.15%	0.00%
ANAND SHANKAR MALL	Public	1.57%	1.61%	-0.04%
AJAI MURAR RAO GHORPADE	Promoter	0.26%	0.26%	0.00%
S Y GHORPADE	Promoter	0.16%	0.16%	0.00%
YASHODARA DEVI SHIVA RAO GHORPADE	Promoter Group	0.04%	0.04%	0.00%
SURYAPRABHA A GHORPADE	Promoter	0.01%	0.01%	0.00%
ADITYA SHIVRAO GHORPADE	Promoter Group	0.01%	0.01%	0.00%
MOHAMMED ABDUL SALEEM	Promoter Group	0.00%	0.00%	0.00%
DHANANJAI SHIVRAO GHORPADE	Promoter Group	0.00%	0.00%	0.00%
EKAMBAR AJAI GHORPADE	Promoter	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
JSW Steel Limited	3,27,960	1,341.10	10.34	19.40%	+14.05% TTM	+421.94% TTM	+13.54%
TATA STEEL LIMITED	2,24,203	179.60	19.91	11.10%	+10.51% TTM	+164.25% TTM	+0.20%
JINDAL STEEL LIMITED	1,17,300	1,149.90	41.24	7.50%	+25.54% TTM	+2.37% TTM	+6.53%
Steel Authority of India Ltd.	70,335	170.30	12.55	6.80%	+9.39% TTM	+119.24% TTM	+23.32%
Jindal Stainless Limited	56,786	688.80	17.06	18.00%	+11.65% TTM	+20.30% TTM	-6.74%
Sarda Energy & Minerals Ltd	15,556	441.45	13.60	16.30%	-2.25% TTM	+7.40% TTM	-17.69%
NMDC Steel Limited S	11,576	39.50	136.21	3.50%	+41.57% TTM	+104.65% TTM	-12.09%
Vedanta Iron and Steel Limited	10,605	27.12	—	—	—	—	—
Sandur Manganese & Iron Ores Ltd.	8,786	180.75	10.27	26.20%	+20.70% TTM	+40.22% TTM	-17.75%
Jai Balaji Industries Limited	6,321	69.29	—	36.00%	-13.11% TTM	-66.31% TTM	-25.39%
Prakash Industries Ltd. S	2,063	115.20	6.59	9.20%	-10.58% TTM	-12.16% TTM	-31.04%
Manaksia Steels Limited	791	120.75	14.11	20.70%	+80.77% TTM	+283.85% TTM	+112.59%
Scan Steels Limited	263	43.32	10.63	7.70%	+9.70% TTM	+41.06% TTM	+9.45%
KIC Metaliks Ltd. S	107	30.01	32.98	5.50%	+24.46% TTM	+139.93% TTM	+0.07%
Ankit Metal & Power Limited S	36	2.32	-0.14	—	-1.48% TTM	-310.27% TTM	+34.92%

Filings & corporate actions

Recent announcements

Investor Presentation for the quarter and half year ended 30 September 20264 Nov 2026 · Company Update / Investor Presentation
Corrigendum to Appointment of Non-Executive Director3 Nov 2026 · Company Update / Change in Directorate
Resignation of Independent Director3 Nov 2026 · Company Update / Resignation of Director
Appointment of Non-Executive Director3 Nov 2026 · Company Update / Change in Directorate
Unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 20263 Nov 2026 · Result / Financial Results
Outcome of Board meeting held on 3 November 20263 Nov 2026 · Board Meeting / Outcome of Board Meeting
Sandur Manganese & Iron Ores Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/11/2026 ,inter alia, to consider and approve unaudited standalone ....27 Oct 2026 · Board Meeting / Board Meeting
Press and Media Release22 Oct 2026 · Company Update / Press Release / Media Release
Newspaper publication regarding notice of special window for transfer and dematerialization of physical securities9 Oct 2026 · Company Update / Newspaper Publication
Confirmation under Regulation 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended 30 September 20267 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation for Closure of Trading Window28 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Newspaper publication regarding transfer of equity shares to Investor Education and Protection Fund26 Sep 2026 · Company Update / Newspaper Publication
Incorporation of Royal Sandur MedTech Private Limited, Wholly Owned Subsidiary of the Company26 Sep 2026 · Company Update / Acquisition
Approval for incorporation of Wholly Owned Subsidiary17 Sep 2026 · Company Update / Acquisition
Receipt of penalty order by Royal Sandur Metals Private Limited (formerly Arjas Steel Private Limited), Material Subsidiary of the Company9 Sep 2026 · Company Update / Award of Order / Receipt of Order
Change in name of Material Subsidiaries of the Company28 Aug 2026 · Company Update / General
Submission of Scrutinizers Report and Voting Results21 Aug 2026 · AGM/EGM / AGM
Incorporation of Royal Sandur Hospitality Private Limited, Wholly Owned Subsidiary of the Company21 Aug 2026 · Company Update / Acquisition
Proceedings of 72nd Annual General Meeting held on 19 August 202619 Aug 2026 · AGM/EGM / AGM
Incorporation of Royal Sandur Academy Private Limited, Wholly Owned Subsidiary of the Company14 Aug 2026 · Company Update / Acquisition
Newspaper Publication regarding notice of special window for transfer and dematerialization of physical securities11 Aug 2026 · Company Update / Newspaper Publication
Newspaper publication containing unaudited financial results for the quarter ended 30 June 20267 Aug 2026 · Company Update / Newspaper Publication
Investor Presentation for the quarter ended 30 June 20266 Aug 2026 · Company Update / Investor Presentation
Approval for incorporation of Wholly Owned Subsidiaries6 Aug 2026 · Company Update / Acquisition
Authorisation for determining materiality of an event or information6 Aug 2026 · Company Update / General
Unaudited standalone and consolidated financial results for the quarter ended 30 June 20266 Aug 2026 · Result / Financial Results
Outcome of the Board meeting6 Aug 2026 · Board Meeting / Outcome of Board Meeting
Sandur Manganese & Iron Ores Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 06/08/2026 ,inter alia, to consider and approve inter-alia the ....30 Jul 2026 · Board Meeting / Board Meeting
Newspaper Advertisement - Notice of AGM28 Jul 2026 · Company Update / Newspaper Publication
Letter to shareholders27 Jul 2026 · Company Update / General
Annual Report for the financial year 2025-2627 Jul 2026 · Others / Reg. 34 (1) Annual Report
Notice of 72nd Annual General Meeting to be held on 19 August 202627 Jul 2026 · AGM/EGM / AGM
Newspaper advertisement regarding transfer of shares to IEPF24 Jul 2026 · Company Update / Newspaper Publication
Newspaper Advertisement prior to sending AGM notice21 Jul 2026 · Company Update / Newspaper Publication
Communication to shareholders regarding Deduction on Tax Dividend, update of Bank account and other details15 Jul 2026 · Company Update / General
Confirmation under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30 June 202610 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Record date for the purpose of final dividend9 Jul 2026 · Corp. Action / Record Date
Change in position of Chief Financial Officer of the Company9 Jul 2026 · Company Update / Change in Management
Appointment of Independent Directors9 Jul 2026 · Company Update / Change in Directorate
Re-branding of the Group and venturing into new lines of business9 Jul 2026 · Company Update / General

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 0.5000	12 Aug 2026	12 Aug 2026	—
Bonus issue 2:1	22 Sep 2025	22 Sep 2025	—
Final Dividend - Rs. - 1.2500	10 Sep 2025	10 Sep 2025	—
Final Dividend - Rs. - 1.0000	11 Sep 2024	—	—

Board meetings

3 Nov 2026 Board Meeting - Financial Results
6 Aug 2026 Board Meeting - Financial Results