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

Fair Value

₹403.04Overvalued by 20.35%vs CMP ₹506.00

P/E (15.9) × ROE (15.1%) × BV (₹209.00) × DY (0.40%)

₹302.75Overvalued by 40.17%vs CMP ₹506.00

MoS: -67.1% (Negative)Confidence: 68/100 (Moderate)Models: All 9: Overvalued

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹427.54	22%	Over (-15.5%)
Graham Number	Earnings	₹375.41	16%	Over (-25.8%)
Earnings Power	Earnings	₹68.86	13%	Over (-86.4%)
DCF	Cash Flow	₹349.58	13%	Over (-30.9%)
Net Asset Value	Assets	₹209.17	7%	Over (-58.7%)
EV/EBITDA	Enterprise	₹267.69	9%	Over (-47.1%)
Earnings Yield	Earnings	₹299.70	7%	Over (-40.8%)
ROCE Capital	Returns	₹355.54	9%	Over (-29.7%)
Revenue Multiple	Revenue	₹131.77	5%	Over (-74%)
Consensus (9 models)		₹302.75	100%	Overvalued

Key Drivers: Wide model spread (₹69–₹428) — 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

Analysis summary

Data coverage: Price-data record updated 24 September 2026, 3:29 am +05:30. Annual results through Mar 2025; quarterly results through Dec 2025; cash flow through Mar 2026. Each section can have a different reporting period. The share price is not live.

Valuation in context

Operating performance

Revenue for Mar 2025 was ₹4,643.00 Cr, versus ₹3,868.00 Cr in Mar 2024 (20.0% year on year). Net profit for Mar 2025 was ₹702.00 Cr, versus ₹524.00 Cr in Mar 2024 (34.0% year on year). These are the latest annual periods stored on this page; check the quarterly table separately for more recent developments.

Cash generation

For the same Mar 2025 period, operating cash flow was ₹886.00 Cr against net profit of ₹702.00 Cr. Cash flow covered 1.26 times reported profit. Cash generation supports the reported profit for this period; check whether this continues over several years.

Balance-sheet check

Reported borrowings were ₹2,632.00 Cr in Mar 2026. Read this alongside cash, interest costs and repayment obligations; reserves are an accounting balance and are not the same as available cash.

How to use the valuation and peer comparisons

The Intrinsic Value panel combines the available model estimates using the displayed weights. Earnings, cash-flow, dividend and asset-based methods can give very different answers. The displayed 12% cost of equity and 4% terminal growth assumptions apply where relevant; historical EPS growth is not a promise of future growth. Use the individual values and their spread to judge sensitivity.

The peer group follows the stored industry classification and may include different business models. Compare reporting periods, leverage and recurring earnings before interpreting a valuation gap. For banks and other financial businesses, capital adequacy and asset quality can be more informative than industrial-company cash-flow ratios.

Sources: Company data source. Check the company filings linked by the source for the reporting basis and exceptional items.

Automatically generated interpretation of the stored financial data, not a separately researched analyst opinion. Missing data is not evidence of poor performance. New filings become available here after the existing data refresh process captures them.

Investment Snapshot

Sarda Energy & Minerals Ltd scores 70/100 (Strong)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health80/100 · Strong

ROCE 16.9% GoodROE 15.1% GoodD/E 0.44 ModerateInterest Coverage 6.4x StrongProfitable 5/5 available years Reported history

Smart Money65/100 · Strong

FII holding stable No changeDII holding up 0.60% MF buyingPromoter holding at 73.2% Stable

Earnings Quality65/100 · Strong

CFO/NP ratio: 1.27x Cash-backed earningsOPM 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 15.9 vs industry 23.1 Lower P/EROCE 16.9% vs industry 16.1% AverageROE 15.1% vs industry 34.4% Below peers3Y sales CAGR: 6% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores use stored reporting periods and are screening indicators, not investment recommendations. Missing health ratios are excluded. Broad industry groups and financial-sector accounting can limit comparability.

Share Price and Basic Stock Data

Last Updated: September 24, 2026, 3:29 am

Market Cap	17,829 Cr.
Current Price	506
Intrinsic Value	₹302.75
High / Low	624/453
Stock P/E	15.9
Book Value	209
Dividend Yield	0.40 %
ROCE	16.9 %
ROE	15.1 %
Face Value	1.00
PEG Ratio	2.61

Understand these figures: how to read the P/E ratio, ROE versus earnings per share, and calculate intrinsic value.

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

Stock P/E Current Price Intrinsic Value

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	17,829 Cr.	506	624/453	15.9	209	0.40 %	16.9 %	15.1 %	1.00
Godawari Power & Ispat Ltd	15,806 Cr.	235	320/221	19.3	86.5	0.43 %	20.5 %	15.3 %	1.00
Gallantt Ispat Ltd	13,430 Cr.	556	948/471	30.9	137	0.36 %	18.2 %	15.6 %	10.0
Jai Balaji Industries Ltd	6,092 Cr.	66.8	102/53.0	20.8	24.4	0.00 %	36.1 %	30.7 %	2.00
Tata Steel Long Products Ltd	3,743 Cr.	830	/		61.1	0.00 %	%	234 %	10.0
Industry Average	19,896.22 Cr	296.50		23.09	114.99	0.11%	16.10%	34.43%	7.08

All Competitor Stocks of Sarda Energy & Minerals Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	908	1,076	1,052	1,001	925	889	926	1,159	1,319	1,239	1,633	1,528	1,276
Expenses	713	862	837	759	737	737	666	821	950	968	1,016	1,016	965
Operating Profit	196	214	215	242	188	152	261	337	369	271	617	512	311
OPM %	22%	20%	20%	24%	20%	17%	28%	29%	28%	22%	38%	34%	24%
Other Income	44	24	83	24	32	42	75	51	-0	46	80	68	95
Interest	33	28	35	35	31	28	36	50	64	70	62	64	64
Depreciation	45	45	45	46	46	46	45	62	78	87	81	85	86
Profit before tax	161	165	218	186	143	121	255	276	226	160	553	431	255
Tax %	19%	30%	20%	19%	25%	37%	24%	26%	17%	41%	24%	27%	28%
Net Profit	130	115	172	149	114	88	198	203	200	100	437	328	190
EPS in Rs	3.70	3.44	4.85	3.99	3.32	2.68	5.64	5.55	5.60	3.07	12.33	9.17	5.40

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

Quarterly Chart

Profit & Loss - Annual Report

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

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	1,591	1,760	1,480	1,434	2,174	2,324	2,000	2,199	3,914	4,212	3,868	4,643	5,676
Expenses	1,263	1,383	1,289	1,217	1,772	1,842	1,644	1,679	2,559	3,152	3,070	3,406	3,965
Operating Profit	329	377	191	217	402	482	356	520	1,355	1,060	798	1,237	1,710
OPM %	21%	21%	13%	15%	18%	21%	18%	24%	35%	25%	21%	27%	30%
Other Income	44	-77	35	96	63	17	-17	130	43	49	181	172	289
Interest	123	120	112	94	97	99	82	79	147	124	128	220	261
Depreciation	96	93	75	69	73	76	78	75	143	178	183	271	339
Profit before tax	154	87	39	150	294	324	179	495	1,108	807	667	918	1,399
Tax %	40%	35%	68%	15%	30%	36%	24%	23%	27%	25%	24%	26%
Net Profit	92	56	13	127	205	207	128	376	807	604	524	702	1,055
EPS in Rs	2.54	1.53	0.35	3.66	5.62	5.64	3.50	10.40	22.31	17.09	14.84	19.86	29.97
Dividend Payout %	12%	20%	143%	11%	9%	9%	14%	7%	3%	9%	7%	8%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
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: July 17, 2026, 2:30 am

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	36	36	36	36	36	36	36	36	35	35	35	35
Reserves	1,174	1,187	1,322	1,540	1,707	1,834	2,182	2,968	3,375	3,853	6,251	7,335
Borrowings	1,482	1,221	1,363	1,386	1,395	1,694	1,714	1,581	1,407	1,366	2,861	2,632
Other Liabilities	352	382	395	451	543	538	587	714	664	747	977	1,369
Total Liabilities	3,044	2,827	3,115	3,413	3,682	4,102	4,518	5,298	5,481	6,002	10,125	11,371
Fixed Assets	1,333	1,226	1,183	1,358	1,349	1,323	1,287	2,853	2,907	2,853	5,845	6,109
CWIP	441	594	799	783	1,063	1,374	1,616	133	132	251	621	463
Investments	279	205	226	241	213	191	266	500	422	659	792	1,645
Other Assets	991	803	907	1,030	1,057	1,214	1,349	1,812	2,020	2,239	2,867	3,154
Total Assets	3,044	2,827	3,115	3,413	3,682	4,102	4,518	5,298	5,481	6,002	10,125	11,371

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	-36	469	177	300	480	336	188	917	701	742	886	1,735
Cash from Investing Activity +	330	-148	-241	-156	-399	-415	-186	-466	-431	-423	-2,132	-1,166
Cash from Financing Activity +	-385	-383	63	-86	-106	199	-70	-331	-479	-223	1,200	-519
Net Cash Flow	-91	-61	-1	58	-24	120	-68	120	-208	96	-46	50
Free Cash Flow	-50	309	-63	49	155	-16	-115	644	485	477	396	1,400
CFO/OP	-2%	254%	89%	90%	123%	112%	52%	87%	88%	112%	74%	98%

Free Cash Flow

Free cash flow reported in the stored cash-flow statement (₹ Cr)
Period	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Free Cash Flow	-50.00	309.00	-63.00	49.00	155.00	-16.00	-115.00	644.00	485.00	477.00	396.00	1,400.00

This table and the chart use the Free Cash Flow row from the same stored cash-flow statement. Free cash flow generally measures operating cash flow after capital expenditure; check the source definition and reporting basis. It is not operating profit minus borrowings.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	15	20	31	27	22	15	23	23	16	16	10	17
Inventory Days	122	177	84	133	102	107	141	157	107	106	80	115
Days Payable	54	29	42	59	39	46	72	67	46	24	26	28
Cash Conversion Cycle	83	168	72	101	85	76	92	113	77	98	64	105
Working Capital Days	-81	7	37	42	31	44	68	97	53	67	49	68
ROCE %	10%	12%	6%	8%	14%	13%	8%	15%	29%	19%	15%	15%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	72.64%	72.64%	72.64%	72.64%	73.16%	73.16%	73.16%	73.16%	73.16%	73.16%	73.16%	73.16%
FIIs	2.69%	2.81%	2.69%	2.49%	2.29%	2.66%	3.46%	3.83%	4.14%	3.54%	3.50%	3.51%
DIIs	3.92%	3.85%	3.61%	3.75%	4.27%	4.35%	3.79%	3.81%	2.87%	2.93%	3.32%	3.47%
Public	20.74%	20.70%	21.04%	21.10%	20.28%	19.82%	19.58%	19.21%	19.84%	20.38%	20.01%	19.84%
No. of Shareholders	38,807	42,082	53,543	53,957	71,216	76,037	85,188	85,676	95,666	95,338	90,809	91,188

Shareholding Pattern Chart

No. of Shareholders

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

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
ICICI Prudential Energy Opportunities Fund	307,943	0.15	15.08	N/A	N/A	N/A
ICICI Prudential ELSS Tax Saver Fund	4,586	0	0.22	N/A	N/A	N/A

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	1.00	1.00	10.00	10.00	10.00
Basic EPS (Rs.)	19.86	14.84	169.94	223.07	104.00
Diluted EPS (Rs.)	19.86	14.84	169.94	223.07	104.00
Cash EPS (Rs.)	27.03	19.63	222.30	263.91	126.33
Book Value[Excl.RevalReserv]/Share (Rs.)	178.39	110.35	996.12	862.00	644.13
Book Value[Incl.RevalReserv]/Share (Rs.)	178.39	110.35	996.12	862.00	644.13
Revenue From Operations / Share (Rs.)	131.75	109.77	1195.20	1085.72	609.93
PBDIT / Share (Rs.)	40.00	27.87	314.87	389.92	184.19
PBIT / Share (Rs.)	32.30	22.66	264.26	350.21	163.38
PBT / Share (Rs.)	26.04	18.94	228.96	307.36	137.41
Net Profit / Share (Rs.)	19.33	14.43	171.69	224.20	105.51
NP After MI And SOA / Share (Rs.)	19.86	14.84	170.86	223.07	103.99
PBDIT Margin (%)	30.36	25.38	26.34	35.91	30.19
PBIT Margin (%)	24.51	20.64	22.10	32.25	26.78
PBT Margin (%)	19.76	17.25	19.15	28.30	22.52
Net Profit Margin (%)	14.67	13.14	14.36	20.64	17.29
NP After MI And SOA Margin (%)	15.07	13.52	14.29	20.54	17.04
Return on Networth / Equity (%)	11.13	13.44	17.65	26.77	16.87
Return on Capital Employeed (%)	12.51	15.29	19.68	28.23	15.03
Return On Assets (%)	6.91	8.71	10.98	15.17	8.29
Long Term Debt / Equity (X)	0.37	0.27	0.31	0.39	0.67
Total Debt / Equity (X)	0.44	0.35	0.41	0.52	0.72
Asset Turnover Ratio (%)	0.57	0.67	0.78	0.68	0.47
Current Ratio (X)	3.06	3.36	2.99	2.61	2.48
Quick Ratio (X)	2.27	2.69	2.02	1.87	1.52
Inventory Turnover Ratio (X)	6.94	3.64	3.45	2.90	2.03
Dividend Payout Ratio (NP) (%)	5.03	10.10	4.49	3.36	4.80
Dividend Payout Ratio (CP) (%)	3.62	7.48	3.46	2.85	4.00
Earning Retention Ratio (%)	94.97	89.90	95.51	96.64	95.20
Cash Earning Retention Ratio (%)	96.38	92.52	96.54	97.15	96.00
Interest Coverage Ratio (X)	6.40	7.65	8.92	9.55	8.39
Interest Coverage Ratio (Post Tax) (X)	4.10	4.98	5.86	6.54	5.99
Enterprise Value (Cr.)	20321.00	7861.30	4928.74	5480.08	3113.76
EV / Net Operating Revenue (X)	4.38	2.03	1.17	1.40	1.42
EV / EBITDA (X)	14.41	8.01	4.44	3.90	4.69
MarketCap / Net Operating Revenue (X)	3.88	1.85	0.90	1.04	0.68
Retention Ratios (%)	94.96	89.89	95.50	96.63	95.19
Price / BV (X)	2.86	1.84	1.11	1.36	0.67
Price / Net Operating Revenue (X)	3.88	1.85	0.90	1.04	0.68
EarningsYield	0.03	0.07	0.15	0.19	0.24

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Frequently asked questions

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

Sarda Energy & Minerals Ltd: the stored intrinsic value estimate is ₹302.75, compared with a stored share price of ₹506.00. The model value is 40.2% below that quote. The model classifies this as overvalued; it is an estimate dependent on the inputs and assumptions, not a price target or a buy/sell recommendation. The estimate uses the available valuation models and weights shown in the Intrinsic Value panel, including earnings, cash-flow and asset-based approaches where data permits. It is not a P/E-only calculation.

What share price and 52-week range are shown for Sarda Energy & Minerals Ltd?

The stored share price is ₹506.00. Price-data record updated: 24 September 2026, 3:29 am +05:30. This is not a live quote. The stored 52-week high / low is 624/453; this is a rolling range, not a financial-year range.

How have Sarda Energy & Minerals Ltd's revenue and profit changed?

Does Sarda Energy & Minerals Ltd's profit convert into cash?

What should I check in Sarda Energy & Minerals Ltd's balance sheet?

Reported borrowings were ₹2,632.00 Cr in Mar 2026. Read this alongside cash, interest costs and repayment obligations; reserves are an accounting balance and are not the same as available cash.

How should I compare Sarda Energy & Minerals Ltd's P/E with other stocks?

The stored P/E is 15.90. Compare companies with similar business models, growth, leverage and accounting periods. The industry group on this page is broad, and its average can be affected by outliers. A lower P/E alone does not establish undervaluation.

What could change Sarda Energy & Minerals Ltd's intrinsic value estimate?

Changes in sustainable earnings, cash generation, capital needs, debt and share count can change the estimate. The displayed model uses a 12% cost of equity and 4% terminal growth assumption where applicable. Higher discount rates or weaker growth generally reduce discounted values. Compare the individual model values and weights, and verify fresh filings before relying on the result.