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Last Updated: April 2, 2026, 3:37 am
Author: Getaka|Social: XLinkedIn

Sarda Energy & Minerals Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹376.55Overvalued by 28.41%vs CMP ₹526.00

P/E (17.6) × ROE (13.4%) × BV (₹199.00) × DY (0.29%)

₹293.12Overvalued by 44.27%vs CMP ₹526.00
MoS: -79.4% (Negative)Confidence: 68/100 (Moderate)Models: All 9: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹399.4422%Over (-24.1%)
Graham NumberEarnings₹366.3216%Over (-30.4%)
Earnings PowerEarnings₹67.5313%Over (-87.2%)
DCFCash Flow₹348.4913%Over (-33.7%)
Net Asset ValueAssets₹198.817%Over (-62.2%)
EV/EBITDAEnterprise₹266.529%Over (-49.3%)
Earnings YieldEarnings₹299.707%Over (-43%)
ROCE CapitalReturns₹344.399%Over (-34.5%)
Revenue MultipleRevenue₹131.885%Over (-74.9%)
Consensus (9 models)₹293.12100%Overvalued
Key Drivers: Wide model spread (₹68–₹399) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 6.1%

*Investments are subject to market risks

Investment Snapshot

61
Sarda Energy & Minerals Ltd scores 61/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health76/100 · Strong
ROCE 15.3% GoodROE 13.4% GoodD/E 0.72 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding up 0.08% (6mo) Slight increaseDII holding down 0.86% MF sellingPromoter holding at 73.2% Stable
Earnings Quality40/100 · Moderate
OPM contracting (30% → 24%) Declining
Quarterly Momentum80/100 · Strong
Revenue (4Q): +32% YoY AcceleratingProfit (4Q): +53% YoY StrongOPM: 24.0% (down 4.0% YoY) Margin pressure
Industry Rank50/100 · Moderate
P/E 17.6 vs industry 31.8 Cheaper than peersROCE 15.3% vs industry 16.5% AverageROE 13.4% vs industry 34.1% Below peers3Y sales CAGR: 6% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Sarda Energy & Minerals Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
40/100
Moderate
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 17.6 vs Ind 31.8 | ROCE 15.3% | ROE 13.4% | CFO/NP N/A
Balance Sheet Stress
10/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.72x | IntCov 0.0x | Current 2.48x | Borrow/Reserve 0.38x
Cash Flow Reliability
14/100
Weak
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹702 Cr | CFO/NP N/A
Ownership Accumulation
0
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII -0.60 pp | DII +0.06 pp | Prom 0.00 pp
Business Momentum
-100
Early weakness
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales -16.5% | Q NP -42.1% | Q OPM -10.0 pp
Derived FieldValueHow it is derived
Valuation Gap %-44.3%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.38xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change-0.60 ppLatest FII% minus previous FII%
DII Change+0.06 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-328Latest shareholder count minus previous count
Quarterly Sales Change-16.5%Latest quarter sales vs previous quarter sales
Quarterly Profit Change-42.1%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change-10.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:37 am

Market Cap 18,518 Cr.
Current Price 526
Intrinsic Value₹293.12
High / Low 640/397
Stock P/E17.6
Book Value 199
Dividend Yield0.29 %
ROCE15.3 %
ROE13.4 %
Face Value 1.00
PEG Ratio2.89

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Sarda Energy & Minerals Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Sarda Energy & Minerals Ltd 18,518 Cr. 526 640/39717.6 1990.29 %15.3 %13.4 % 1.00
Godawari Power & Ispat Ltd 18,708 Cr. 279 290/16825.2 78.10.36 %23.2 %17.2 % 1.00
Gallantt Ispat Ltd 13,580 Cr. 563 802/35628.4 1290.22 %19.2 %15.1 % 10.0
Jai Balaji Industries Ltd 5,334 Cr. 58.5 142/53.018.2 24.40.00 %36.1 %30.7 % 2.00
Tata Steel Long Products Ltd 3,743 Cr. 830 / 61.10.00 %%234 % 10.0
Industry Average19,759.11 Cr298.0531.82111.280.09%16.53%34.05%7.08

All Competitor Stocks of Sarda Energy & Minerals Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 9081,0761,0521,0019258899261,1591,3191,2391,6331,5281,276
Expenses 7138628377597377376668219509681,0161,016965
Operating Profit 196214215242188152261337369271617512311
OPM % 22%20%20%24%20%17%28%29%28%22%38%34%24%
Other Income 4424832432427551-046806895
Interest 33283535312836506470626464
Depreciation 45454546464645627887818586
Profit before tax 161165218186143121255276226160553431255
Tax % 19%30%20%19%25%37%24%26%17%41%24%27%28%
Net Profit 13011517214911488198203200100437328190
EPS in Rs 3.703.444.853.993.322.685.645.555.603.0712.339.175.40

Last Updated: March 3, 2026, 2:56 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 5:16 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,5911,7601,4801,4342,1742,3242,0002,1993,9144,2123,8684,6435,676
Expenses 1,2631,3831,2891,2171,7721,8421,6441,6792,5593,1523,0703,4063,965
Operating Profit 3293771912174024823565201,3551,0607981,2371,710
OPM % 21%21%13%15%18%21%18%24%35%25%21%27%30%
Other Income 44-7735966317-171304349181172289
Interest 1231201129497998279147124128220261
Depreciation 9693756973767875143178183271339
Profit before tax 15487391502943241794951,1088076679181,399
Tax % 40%35%68%15%30%36%24%23%27%25%24%26%
Net Profit 9256131272052071283768076045247021,055
EPS in Rs 2.541.530.353.665.625.643.5010.4022.3117.0914.8419.8629.97
Dividend Payout % 12%20%143%11%9%9%14%7%3%9%7%8%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-39.13%-76.79%876.92%61.42%0.98%-38.16%193.75%114.63%-25.15%-13.25%33.97%
Change in YoY Net Profit Growth (%)0.00%-37.66%953.71%-815.51%-60.44%-39.14%231.91%-79.12%-139.78%11.91%47.21%

Sarda Energy & Minerals Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:10%
5 Years:18%
3 Years:6%
TTM:43%
Compounded Profit Growth
10 Years:18%
5 Years:40%
3 Years:-5%
TTM:69%
Stock Price CAGR
10 Years:50%
5 Years:85%
3 Years:84%
1 Year:56%
Return on Equity
10 Years:15%
5 Years:18%
3 Years:15%
Last Year:14%

Last Updated: September 5, 2025, 1:26 pm

Balance Sheet

Last Updated: December 4, 2025, 1:55 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 36363636363636363635353535
Reserves 1,1121,1741,1871,3221,5401,7071,8342,1822,9683,3753,8536,2516,964
Borrowings 1,7371,4821,2211,3631,3861,3951,6941,7141,5811,4071,3662,8612,681
Other Liabilities 3633523823954515435385877146647479771,333
Total Liabilities 3,2473,0442,8273,1153,4133,6824,1024,5185,2985,4816,00210,12511,012
Fixed Assets 1,3831,3331,2261,1831,3581,3491,3231,2872,8532,9072,8535,8456,145
CWIP 3754415947997831,0631,3741,616133132251621400
Investments 5722792052262412131912665004226597921,820
Other Assets 9179918039071,0301,0571,2141,3491,8122,0202,2392,8672,648
Total Assets 3,2473,0442,8273,1153,4133,6824,1024,5185,2985,4816,00210,12511,012

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 241-36469177300480336188917701742886
Cash from Investing Activity + -385330-148-241-156-399-415-186-466-431-423-2,132
Cash from Financing Activity + 176-385-38363-86-106199-70-331-479-2231,200
Net Cash Flow 32-91-61-158-24120-68120-20896-46
Free Cash Flow 241-50309-6349155-16-115644485477396
CFO/OP 83%-2%254%89%90%123%112%52%87%88%112%74%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow328.00376.00190.00216.00401.00481.00355.00519.000.000.00797.00-1.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 152031272215232316161017
Inventory Days 1221778413310210714115710710680115
Days Payable 542942593946726746242628
Cash Conversion Cycle 8316872101857692113779864105
Working Capital Days -81737423144689753674968
ROCE %10%12%6%8%14%13%8%15%29%19%15%15%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 72.64%72.64%72.64%72.64%72.64%72.64%73.16%73.16%73.16%73.16%73.16%73.16%
FIIs 2.44%2.55%2.69%2.81%2.69%2.49%2.29%2.66%3.46%3.83%4.14%3.54%
DIIs 3.76%3.76%3.92%3.85%3.61%3.75%4.27%4.35%3.79%3.81%2.87%2.93%
Public 21.16%21.04%20.74%20.70%21.04%21.10%20.28%19.82%19.58%19.21%19.84%20.38%
No. of Shareholders 26,24226,63338,80742,08253,54353,95771,21676,03785,18885,67695,66695,338

Shareholding Pattern Chart

No. of Shareholders

Sarda Energy & Minerals Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
ICICI Prudential Energy Opportunities Fund 307,943 0.15 15.08N/AN/AN/A
ICICI Prudential ELSS Tax Saver Fund 4,586 0 0.22N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.0010.0010.0010.00
Basic EPS (Rs.) 19.8614.84169.94223.07104.00
Diluted EPS (Rs.) 19.8614.84169.94223.07104.00
Cash EPS (Rs.) 27.0319.63222.30263.91126.33
Book Value[Excl.RevalReserv]/Share (Rs.) 178.39110.35996.12862.00644.13
Book Value[Incl.RevalReserv]/Share (Rs.) 178.39110.35996.12862.00644.13
Revenue From Operations / Share (Rs.) 131.75109.771195.201085.72609.93
PBDIT / Share (Rs.) 40.0027.87314.87389.92184.19
PBIT / Share (Rs.) 32.3022.66264.26350.21163.38
PBT / Share (Rs.) 26.0418.94228.96307.36137.41
Net Profit / Share (Rs.) 19.3314.43171.69224.20105.51
NP After MI And SOA / Share (Rs.) 19.8614.84170.86223.07103.99
PBDIT Margin (%) 30.3625.3826.3435.9130.19
PBIT Margin (%) 24.5120.6422.1032.2526.78
PBT Margin (%) 19.7617.2519.1528.3022.52
Net Profit Margin (%) 14.6713.1414.3620.6417.29
NP After MI And SOA Margin (%) 15.0713.5214.2920.5417.04
Return on Networth / Equity (%) 11.1313.4417.6526.7716.87
Return on Capital Employeed (%) 12.5115.2919.6828.2315.03
Return On Assets (%) 6.918.7110.9815.178.29
Long Term Debt / Equity (X) 0.370.270.310.390.67
Total Debt / Equity (X) 0.440.350.410.520.72
Asset Turnover Ratio (%) 0.570.670.780.680.47
Current Ratio (X) 3.063.362.992.612.48
Quick Ratio (X) 2.272.692.021.871.52
Inventory Turnover Ratio (X) 6.943.643.452.902.03
Dividend Payout Ratio (NP) (%) 5.0310.104.493.364.80
Dividend Payout Ratio (CP) (%) 3.627.483.462.854.00
Earning Retention Ratio (%) 94.9789.9095.5196.6495.20
Cash Earning Retention Ratio (%) 96.3892.5296.5497.1596.00
Interest Coverage Ratio (X) 6.407.658.929.558.39
Interest Coverage Ratio (Post Tax) (X) 4.104.985.866.545.99
Enterprise Value (Cr.) 20321.007861.304928.745480.083113.76
EV / Net Operating Revenue (X) 4.382.031.171.401.42
EV / EBITDA (X) 14.418.014.443.904.69
MarketCap / Net Operating Revenue (X) 3.881.850.901.040.68
Retention Ratios (%) 94.9689.8995.5096.6395.19
Price / BV (X) 2.861.841.111.360.67
Price / Net Operating Revenue (X) 3.881.850.901.040.68
EarningsYield 0.030.070.150.190.24

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Sarda Energy & Minerals Ltd. is a Public Limited Listed company incorporated on 23/06/1973 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L27100MH1973PLC016617 and registration number is 016617. Currently Company is involved in the business activities of Electric power generation by coal based thermal power plants. Company's Total Operating Revenue is Rs. 3484.17 Cr. and Equity Capital is Rs. 35.24 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Steel - Sponge Iron73-A, Central Avenue, Nagpur Maharashtra 440018Contact not found
Management
NamePosition Held
Mr. Kamal Kishore SardaChairman
Mr. Pankaj SardaManaging Director
Mr. Padam Kumar JainWholeTime Director & CFO
Ms. Tripti SinhaIndependent Director
Mr. Rajeev SharmaIndependent Director
Mr. Amal Kumar DebnathIndependent Director
Mr. Upendra Prasad SinghIndependent Director
Mr. Binoy Sandip ParikhIndependent Director
Mr. Anant SardaIndependent Director

FAQ

What is the intrinsic value of Sarda Energy & Minerals Ltd and is it undervalued?

As of 05 April 2026, Sarda Energy & Minerals Ltd's intrinsic value is ₹293.12, which is 44.27% lower than the current market price of ₹526.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (13.4 %), book value (₹199), dividend yield (0.29 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Sarda Energy & Minerals Ltd?

Sarda Energy & Minerals Ltd is trading at ₹526.00 as of 05 April 2026, with a FY2026-2027 high of ₹640 and low of ₹397. The stock is currently in the middle of its 52-week range. Market cap stands at ₹18,518 Cr..

How does Sarda Energy & Minerals Ltd's P/E ratio compare to its industry?

Sarda Energy & Minerals Ltd has a P/E ratio of 17.6, which is below the industry average of 31.82. This is broadly in line with or below the industry average.

Is Sarda Energy & Minerals Ltd financially healthy?

Key indicators for Sarda Energy & Minerals Ltd: ROCE of 15.3 % indicates efficient capital utilization. Dividend yield is 0.29 %.

Is Sarda Energy & Minerals Ltd profitable and how is the profit trend?

Sarda Energy & Minerals Ltd reported a net profit of ₹702 Cr in Mar 2025 on revenue of ₹4,643 Cr. Compared to ₹807 Cr in Mar 2022, the net profit shows a declining trend.

Does Sarda Energy & Minerals Ltd pay dividends?

Sarda Energy & Minerals Ltd has a dividend yield of 0.29 % at the current price of ₹526.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Sarda Energy & Minerals Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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