Sarda Energy & Minerals Ltd

BSE: SARDAEN504614ISIN INE385C01021

Commodities
Iron & Steel
BSE 500

Share price

₹441.45+12.25 (+2.85%)

as of 4 Nov 2026

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

52W high: ₹624.00
52W low: ₹422.80
Off 52W high: -29.25%
1M return: -11.97%
3M return: -11.64%
6M return: -24.66%
1Y return: -17.69%
20D avg volume: 21,050
50 DMA: ₹489.65
200 DMA: ₹516.06

Key ratios Consolidated

Market cap: ₹15,556 Cr
Current price: ₹441.45
52W high / low: ₹624.00 / ₹422.80
Face value: ₹1.00
P/E: 13.60
P/B: 1.93
EPS (TTM): ₹32.45
Book value / share: ₹229.04
ROE: —
ROCE: 16.30%
Operating margin: —
Net margin: —
Debt / equity: 0.35
Net debt: ₹2,488 Cr
Interest cover: 6.93
Dividend yield: 0.45%
Dividend / share (TTM): ₹2.00
Payout: 6.16%
Cash conversion cycle: 57.6 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
	1,453	1,608	1,254	1,276	1,528	1,633	1,239	1,319	1,159	926.21	889.25	925.39
	51.73	108.49	4.75	84.46	68.31	79.57	46.80	0.40	55.54	74.99	43.30	37.21
	1,505	1,717	1,258	1,360	1,596	1,713	1,286	1,319	1,214	1,001	932.55	962.60
	1,090	1,102	1,048	1,116	1,165	1,159	1,125	1,093	937.72	746.39	810.76	817.74
	658.48	652.94	596.63	720.29	705.12	760.82	690.27	692.97	576.78	535.38	500.19	579.10
	82.56	33.74	79.33	11.47	26.64	29.49	37.79	29.37	33.88	2.73	0.89	10.17
	57.19	58.20	59.82	59.92	50.99	50.78	50.74	47.12	40.60	37.70	33.57	38.61
	57.09	58.44	53.53	64.34	64.10	62.49	70.03	64.20	54.76	35.74	27.57	34.13
	92.24	88.77	88.29	86.24	85.20	81.08	86.62	78.23	61.59	45.00	46.27	46.41
	216.65	227.10	199.26	180.50	207.19	176.57	186.22	176.40	162.07	132.02	132.65	132.05
	414.96	614.71	210.49	244.71	430.86	553.19	160.75	226.06	276.48	254.81	121.79	144.86
	0.00	0.00	0.00	10.24	0.00	0.00	-0.36	0.00	0.00	0.00	-1.13	-1.78
	414.96	614.71	210.49	254.95	430.86	553.19	160.39	226.06	276.48	254.81	120.66	143.08
	111.13	151.90	69.33	71.11	115.62	130.12	65.86	37.90	72.50	60.31	44.38	35.81
	320.49	478.13	155.15	189.88	327.77	436.66	100.38	200.08	203.49	198.23	87.99	114.45
	8.68	13.00	4.48	5.40	9.17	12.33	3.07	5.60	5.55	5.64	2.68	3.32
Key metrics
	564.29	761.92	352.31	405.53	580.16	696.76	317.04	368.49	392.83	335.55	194.50	223.62
	38.80%	47.40%	28.10%	31.80%	38.00%	42.70%	25.60%	27.90%	33.90%	36.20%	21.90%	24.20%
	22.10%	29.70%	12.40%	14.90%	21.50%	26.70%	8.10%	15.20%	17.60%	21.40%	9.90%	12.40%
	4.20%	—	2.50%	—	5.00%	—	2.50%	—	—	—	—	—
	-4.90%	-1.50%	1.20%	-3.30%	31.90%	76.30%	39.30%	42.50%	—	—	—	—
	-2.20%	9.50%	54.60%	-5.10%	61.10%	120.30%	14.10%	74.80%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	5,590	5,690	4,643	3,868	4,212	3,914	2,199	2,000	2,324	2,217
	249.43	237.09	172.40	184.17	49.39	50.32	144.46	16.93	16.85	70.33
	5,840	5,928	4,815	4,052	4,261	3,964	2,343	1,983	2,341	2,287
	4,355	4,488	3,897	3,382	3,454	2,849	1,833	1,804	2,017	1,985
	2,628	2,783	2,495	2,288	2,312	2,025	1,326	1,233	1,431	1,315
	207.10	146.93	103.77	58.66	189.25	126.78	21.33	53.04	100.94	156.63
	235.13	221.51	176.15	142.31	127.10	112.90	88.67	87.79	87.35	77.12
	233.40	244.46	220.20	128.41	124.41	147.12	79.10	82.48	98.96	96.68
	355.54	340.81	271.43	183.30	178.35	143.16	75.05	77.92	76.47	—
	823.51	763.52	656.71	520.92	529.29	359.77	243.49	263.49	261.09	217.17
	1,485	1,439	918.12	670.28	806.84	1,115	509.87	178.89	323.69	302.09
	10.24	10.24	-0.36	-2.91	0.00	-7.36	-14.52	0.00	0.00	-7.80
	1,495	1,449	917.76	667.37	806.84	1,108	495.35	178.89	323.69	294.29
	403.47	386.19	236.57	158.74	201.80	299.79	114.97	43.35	116.50	89.52
	1,144	1,109	702.19	524.04	603.98	806.70	376.42	128.45	207.13	205.68
	31.56	31.38	19.86	14.84	169.94	223.07	104.00	35.05	56.36	—
Key metrics
	2,084	2,035	1,409	979.08	1,110	1,398	649.50	339.29	499.12	390.97
	37.28%	35.80%	30.40%	25.30%	26.30%	35.70%	29.50%	17.00%	21.50%	17.60%
	20.46%	19.50%	15.10%	13.50%	14.30%	20.60%	17.10%	6.40%	8.90%	9.30%
	—	16.30%	12.50%	—	—	—	—	—	—	—
	-2.25%	22.60%	20.00%	-8.20%	7.60%	78.00%	9.90%	-13.90%	4.80%	—
	7.40%	58.00%	34.00%	-13.20%	-25.10%	114.30%	193.00%	-38.00%	0.70%	—
	—	1,397	395.39	—	—	—	—	—	—	—
	—	1.56	1.26	—	—	—	—	—	—	—
	—	0.35	0.44	—	—	—	—	—	—	—
	—	2,488	2,765	—	—	—	—	—	—	—
	—	57.6	65.7	—	—	—	—	—	—	—
Balance sheet
	—	11,371	10,125	—	—	—	—	—	—	—
	—	4,417	3,147	—	—	—	—	—	—	—
	—	107.58	57.82	—	—	—	—	—	—	—
	—	276.16	221.04	—	—	—	—	—	—	—
	—	794.18	808.78	—	—	—	—	—	—	—
	—	413.15	352.87	—	—	—	—	—	—	—
	—	5,889	5,711	—	—	—	—	—	—	—
	—	171.97	194.39	—	—	—	—	—	—	—
	—	981.51	1,028	—	—	—	—	—	—	—
	—	2,595	2,823	—	—	—	—	—	—	—
	—	460.72	480.86	—	—	—	—	—	—	—
	—	2,134	2,342	—	—	—	—	—	—	—
	—	7,476	6,392	—	—	—	—	—	—	—
Cash flow
	—	1,735	885.71	—	—	—	—	—	—	—
	—	-1,166	-2,132	—	—	—	—	—	—	—
	—	-519.30	1,200	—	—	—	—	—	—	—
	—	337.82	490.32	—	—	—	—	—	—	—

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
	1,057	1,163	1,017	917.62	1,092	1,307	1,013	1,047	762.66	661.83	670.01	657.26
	35.17	70.01	3.33	99.85	68.49	70.38	15.29	6.56	34.59	63.26	30.32	37.41
	1,093	1,233	1,013	1,017	1,161	1,377	1,028	1,053	797.25	725.09	700.33	694.67
	863.41	808.45	797.03	796.26	845.79	866.93	847.61	821.88	616.70	488.90	555.97	547.25
	542.68	533.75	496.16	532.71	532.15	576.74	516.52	574.80	413.61	398.76	375.74	434.93
	75.02	29.52	72.83	8.82	26.76	29.00	37.16	27.89	6.58	0.77	0.76	5.66
	42.21	44.08	41.52	46.52	38.99	39.20	40.43	36.23	30.72	27.64	25.05	28.79
	31.20	32.54	28.90	34.36	34.10	35.02	40.36	34.09	18.53	4.16	5.38	4.40
	58.19	55.27	55.41	52.43	51.82	50.71	56.49	47.65	30.94	14.95	16.50	16.27
	144.10	125.78	142.05	133.25	142.41	126.96	138.99	122.63	102.91	78.57	84.13	84.11
	229.18	424.10	216.38	221.21	314.95	510.54	180.77	231.26	180.55	236.19	144.36	147.42
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	229.18	424.10	216.38	221.21	314.95	510.54	180.77	231.26	180.55	236.19	144.36	147.42
	53.69	105.53	56.49	58.12	75.27	124.49	65.52	42.04	57.95	55.18	43.29	34.66
	175.49	318.57	159.89	163.09	239.68	386.05	115.25	189.22	122.60	181.01	101.07	112.76
	4.98	9.04	4.54	4.63	6.80	10.96	3.27	5.37	3.48	5.14	2.87	3.20
Key metrics
	318.57	511.91	300.69	308.00	400.87	596.27	277.62	313.00	230.02	255.30	166.24	168.09
	30.10%	44.00%	29.60%	33.60%	36.70%	45.60%	27.40%	29.90%	30.20%	38.60%	24.80%	25.60%
	16.60%	27.40%	15.70%	17.80%	21.90%	29.50%	11.40%	18.10%	16.10%	27.30%	15.10%	17.20%
	2.90%	—	2.90%	—	4.30%	—	3.00%	—	—	—	—	—
	-3.20%	-11.10%	0.40%	-12.30%	43.20%	97.50%	51.20%	59.20%	—	—	—	—
	-26.80%	-17.50%	38.70%	-13.80%	95.50%	113.30%	14.00%	67.80%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	4,154	4,334	3,484	2,733	3,020	2,642	1,595	1,424	1,653	1,515
	208.36	235.39	119.70	185.05	87.24	74.86	107.15	60.74	31.92	60.41
	4,356	4,569	3,604	2,918	3,108	2,717	1,702	1,485	1,685	1,576
	3,265	3,306	2,775	2,302	2,261	1,840	1,306	1,271	1,364	1,299
	2,105	2,138	1,904	1,671	1,720	1,461	953.65	903.42	992.57	862.78
	186.19	137.41	72.40	45.25	89.88	54.10	32.28	17.08	47.83	125.77
	174.33	166.23	135.03	105.71	94.69	81.95	67.70	67.97	68.70	60.37
	127.00	132.38	97.14	18.24	15.95	22.42	34.49	35.70	35.13	35.88
	221.30	210.36	150.03	64.48	65.89	53.57	48.16	51.35	49.96	48.58
	545.18	544.67	443.11	320.99	295.59	215.72	181.65	195.45	183.29	139.90
	1,091	1,263	828.76	616.81	846.77	876.57	396.41	213.82	321.30	276.53
	0.00	0.00	0.00	—	—	—	-14.52	—	—	-7.80
	1,091	1,263	828.76	616.81	846.77	876.57	381.89	213.82	321.30	268.73
	273.83	314.37	220.70	150.93	208.36	216.80	85.35	31.51	106.45	80.86
	817.04	948.71	608.06	465.88	638.41	659.77	296.54	182.31	214.85	187.87
	23.19	26.92	17.26	13.22	180.18	183.02	82.26	50.57	59.60	—
Key metrics
	1,439	1,606	1,076	699.53	928.61	952.56	464.54	300.87	406.39	353.19
	34.64%	37.10%	30.90%	25.60%	30.70%	36.10%	29.10%	21.10%	24.60%	23.30%
	19.67%	21.90%	17.50%	17.00%	21.10%	25.00%	18.60%	12.80%	13.00%	12.40%
	—	16.30%	12.50%	—	—	—	—	—	—	—
	-6.83%	24.40%	27.50%	-9.50%	14.30%	65.60%	12.00%	-13.90%	9.10%	—
	-12.17%	56.00%	30.50%	-27.00%	-3.20%	122.50%	62.70%	-15.10%	14.40%	—
	—	1,057	273.24	—	—	—	—	—	—	—
	—	1.39	0.90	—	—	—	—	—	—	—
	—	0.21	0.26	—	—	—	—	—	—	—
	—	1,325	1,475	—	—	—	—	—	—	—
	—	58.2	68.9	—	—	—	—	—	—	—
Balance sheet
	—	8,891	7,826	—	—	—	—	—	—	—
	—	3,532	2,526	—	—	—	—	—	—	—
	—	53.84	23.81	—	—	—	—	—	—	—
	—	189.58	172.34	—	—	—	—	—	—	—
	—	588.85	591.80	—	—	—	—	—	—	—
	—	338.50	299.50	—	—	—	—	—	—	—
	—	3,475	3,596	—	—	—	—	—	—	—
	—	87.48	106.77	—	—	—	—	—	—	—
	—	334.60	398.43	—	—	—	—	—	—	—
	—	1,379	1,499	—	—	—	—	—	—	—
	—	131.86	190.57	—	—	—	—	—	—	—
	—	1,247	1,308	—	—	—	—	—	—	—
	—	6,713	5,819	—	—	—	—	—	—	—
Cash flow
	—	1,319	550.17	—	—	—	—	—	—	—
	—	-991.61	-1,834	—	—	—	—	—	—	—
	—	-297.85	1,232	—	—	—	—	—	—	—
	—	262.72	276.93	—	—	—	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +12.79%
Sales CAGR 5Y: +22.13%
Profit CAGR 3Y: +14.12%
Profit CAGR 5Y: +26.19%
Sales YoY (TTM): -6.83%
Profit YoY (TTM): -12.17%

Consolidated

Sales CAGR 3Y: +10.55%
Sales CAGR 5Y: +20.95%
Profit CAGR 3Y: +22.47%
Profit CAGR 5Y: +24.13%
Sales YoY (TTM): -2.25%
Profit YoY (TTM): +7.40%

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: 73.18%

Quarter	30 Sep 2026	September 2026
Promoter %	73.18%	73.18%

Holder	Type	Holding	Previous	Change
Chhattisgarh Investments Ltd.	Promoter Group	39.04%	39.04%	0.00%
Sarda Agriculture & Properties Pvt. Ltd.	Promoter Group	7.33%	7.33%	0.00%
Prachi Agriculture & Properties Pvt. Ltd.	Promoter Group	4.46%	4.46%	0.00%
Ghanshyam Sarda	Promoter Group	3.76%	3.76%	0.00%
Uma Sarda - Trustee to K K Sarda Family Trust	Promoter Group	2.76%	2.76%	0.00%
K.K. Sarda - Trustee to Uma Sarda Family Trust	Promoter Group	2.76%	2.76%	0.00%
Anant Sarda	Promoter Group	2.23%	2.23%	0.00%
Manish J Sarda	Promoter Group	2.14%	2.14%	0.00%
Neeraj Sarda	Promoter Group	1.99%	1.99%	0.00%
Pankaj Sarda	Promoter Group	1.91%	1.91%	0.00%
Kamal Kishore Sarda	Promoter	1.60%	1.60%	0.00%
Vipula Sarda	Promoter Group	1.18%	1.18%	0.00%
Mukul Mahavir Agrawal	Public	1.14%	1.14%	0.00%
Uma Sarda	Promoter Group	0.67%	0.67%	0.00%
Chhattisgarh Investments Ltd. (Firm - CIL, SAPPL and PAPPL)	Promoter Group	0.41%	0.41%	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

Concall Audio Link2 Nov 2026 · Company Update / Analyst / Investor Meet
Investor Presentation2 Nov 2026 · Company Update / Investor Presentation
Press Release31 Oct 2026 · Company Update / Press Release / Media Release
Unaudited Results for 2nd quarter 2026-2731 Oct 2026 · Result / Financial Results
Outcome of Board Meeting31 Oct 2026 · Board Meeting / Outcome of Board Meeting
Concall Updates24 Oct 2026 · Company Update / Analyst / Investor Meet
Update17 Oct 2026 · Company Update / General
Closure of Trading Window13 Oct 2026 · Insider Trading / SAST / Closure of Trading Window
Sarda Energy & Minerals Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 31/10/2026 ,inter alia, to consider and approve 2nd quarter results 2026-27.13 Oct 2026 · Board Meeting / Board Meeting
Updates10 Oct 2026 · Company Update / General
Certificate u/r 74(5) of SEBI (DP) Regulations, 20189 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
AGM Minutes7 Oct 2026 · AGM/EGM / AGM
Update7 Oct 2026 · Company Update / General
Credit Rating7 Oct 2026 · Company Update / Credit Rating
Investor meeting28 Sep 2026 · Company Update / Analyst / Investor Meet
Trading Window Closure26 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Voting Results at 53rd AGM26 Sep 2026 · AGM/EGM / AGM
Voting Results and scrutinizer''s report26 Sep 2026 · AGM/EGM / AGM
Proceedings of 53rd Annual general Meeting.24 Sep 2026 · AGM/EGM / AGM
Updates4 Sep 2026 · Company Update / General
Credit Rating4 Sep 2026 · Company Update / Credit Rating
Newspaper Publication4 Sep 2026 · Company Update / Newspaper Publication
Newspaper Publication1 Sep 2026 · Company Update / Newspaper Publication
BRSR 2025-2631 Aug 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Notice of AGM31 Aug 2026 · AGM/EGM / AGM
Annual Report for 2025-2631 Aug 2026 · Others / Reg. 34 (1) Annual Report
Resignation of Senior Management Personnel14 Aug 2026 · Company Update / Change in Management
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kamal Kishore Sarda14 Aug 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Update10 Aug 2026 · Company Update / General
Concall Transcript10 Aug 2026 · Company Update / Analyst / Investor Meet
Update regarding Wholly owned Subsidiary of the Company7 Aug 2026 · Company Update / General
Concall Audio Link Q1 FY273 Aug 2026 · Company Update / Analyst / Investor Meet
Investor Presentation for Q1/FY273 Aug 2026 · Company Update / Investor Presentation
Press Release1 Aug 2026 · Company Update / Press Release / Media Release
outcome of Board Meeting1 Aug 2026 · Board Meeting / Outcome of Board Meeting
Record date for Dividend 2025-261 Aug 2026 · Corp. Action / Record Date
Financial Results for the Quarter Ended 30.06.20261 Aug 2026 · Result / Financial Results
Earnings Call29 Jul 2026 · Company Update / Analyst / Investor Meet
Updates25 Jul 2026 · Company Update / General
Earnings Call24 Jul 2026 · Company Update / Analyst / Investor Meet

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 2.0000	14 Aug 2026	14 Aug 2026	—
Final Dividend - Rs. - 1.5000	22 Aug 2025	22 Aug 2025	—
Final Dividend - Rs. - 1.0000	30 Aug 2024	30 Aug 2024	—

Board meetings

31 Oct 2026 Board Meeting - Financial Results
1 Aug 2026 Board Meeting - Financial Results