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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Shyam Metalics & Energy Ltd

About the Company - Shyam Metalics & Energy Ltd

Shyam Metalics and Energy Ltd. is a Public Limited Listed company incorporated on 10/12/2002 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L40101WB2002PLC095491 and registration number is 095491. Currently Company is involved in the business activities of Manufacture of ferro-alloys. Company’s Total Operating Revenue is Rs. 4658.41 Cr. and Equity Capital is Rs. 255.08 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
SteelTrinity Tower, 7th Floor, 83, Topsia Road, Kolkata West Bengal 700046compliance@shyamgroup.com
http://www.shyammetalics.com
Management
NamePosition Held
Mr. Mahabir Prasad AgarwalChairman
Mr. Brij Bhushan AgarwalVice Chairman & Mng.Director
Mr. Sanjay Kumar AgarwalJoint Managing Director
Mr. Deepak Kumar AgarwalWhole Time Director
Mr. Dev Kumar TiwariWhole Time Director
Mr. Yudhvir Singh JainIndependent Director
Mr. Ashok Kumar JaiswalIndependent Director
Mr. Kishan Gopal BaldwaIndependent Director
Mrs. Rajni MishraIndependent Director
Mr. Nand Gopal KhaitanIndependent Director
Mr. Malay Kumar DeIndependent Director

Shyam Metalics and Energy Ltd. Share Price Update

Share PriceValue
Today₹647.90
Previous Day₹642.95

Basic Stock Data of Shyam Metalics & Energy Ltd

Market Cap 17,948 Cr.
Current Price 643
High / Low772/253
Stock P/E16.8
Book Value 320
Dividend Yield0.28 %
ROCE15.0 %
ROE13.0 %
Face Value 10.0

Data Source: screener.in

Competitors of Shyam Metalics & Energy Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Steel Authority of India Ltd 53,470 Cr. 129150/77.615.8 1361.21 %5.89 %3.57 % 10.0
SAL Steel Ltd 213 Cr. 25.030.6/12.9 4.930.00 %8.12 %8.95 % 10.0
Steel Exchange India Ltd 1,902 Cr. 16.018.4/7.80 5.060.00 %8.56 %11.9 % 1.00
Adishakti Loha & Ispat ltd 5.56 Cr. 12.216.0/7.4026.5 11.40.00 %1.78 %1.39 % 10.0
Aanchal Ispat Ltd 17.9 Cr. 8.6019.0/7.36 8.500.00 %20.1 %67.6 % 10.0
Industry Average58.09 Cr38.168.4633.180.24%8.89%18.68%8.2

Shyam Metalics & Energy Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales1,3351,7002,3512,4652,4942,5782,8573,2233,0852,9223,3803,3332,941
Expenses1,0751,3461,7241,7771,8701,9532,1942,6172,8422,6992,9672,9192,634
Operating Profit260353627688624625663607244222413414307
OPM %20%21%27%28%25%24%23%19%8%8%12%12%10%
Other Income3998211715222238313038
Interest16207756671533393735
Depreciation7478806161609195110132126158177
Profit before tax17426554962758057658152714095280249133
Tax %8%18%29%27%29%27%25%21%21%32%8%19%-261%
Net Profit16021638845841042343341411165259202482
EPS in Rs6.849.2616.5917.9516.2416.5216.8916.264.482.6410.248.0018.98

Shyam Metalics & Energy Ltd Quarterly Chart

Shyam Metalics & Energy Ltd Profit & Loss

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales3,7474,6064,3766,29710,39412,61012,576
Expenses3,0343,6563,7104,9037,79311,12411,219
Operating Profit7149506661,3942,6011,4861,357
OPM %19%21%15%22%25%12%11%
Other Income6873122459112137
Interest496486622393144
Depreciation215195297300272463592
Profit before tax5177642951,0552,3641,042757
Tax %-2%17%-15%20%27%19%
Net Profit5286373408441,7248481,008
EPS in Rs90.8325.8614.5636.1067.6133.6239.86
Dividend Payout %-0%-0%-0%7%7%5%

Shyam Metalics & Energy Ltd Profit & Loss Yearly Chart

Shyam Metalics & Energy Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:27%
3 Years:42%
TTM:7%
Compounded Profit Growth
10 Years:%
5 Years:15%
3 Years:36%
TTM:5%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:128%
Return on Equity
10 Years:%
5 Years:23%
3 Years:24%
Last Year:13%

Shyam Metalics & Energy Ltd Balance Sheet

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital47234234234255255255
Reserves1,8072,2562,5933,4005,5806,9077,899
Borrowings5687291,1147965431,1601,988
Other Liabilities1,0498341,1219902,0472,8663,430
Total Liabilities3,4714,0525,0625,4208,42511,18913,572
Fixed Assets1,7471,7742,0121,8022,4552,9464,045
CWIP913582355067682,7693,024
Investments1952741442821,0361,4631,589
Other Assets1,4371,6472,6702,8294,1664,0114,915
Total Assets3,4714,0525,0625,4208,42511,18913,572

Shyam Metalics & Energy Ltd Reserves and Borrowings Chart

Adishakti Loha & Ispat ltd Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 247457-911,0561,5611,507
Cash from Investing Activity -118-567-420-499-1,800-1,955
Cash from Financing Activity -162112531-423167431
Net Cash Flow-33220134-72-17

Shyam Metalics & Energy Ltd Financial Efficiency Indicators

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days361713311317
Inventory Days86962039811990
Days Payable694179356962
Cash Conversion Cycle5372136946345
Working Capital Days5771123836842
ROCE %28%11%27%44%15%

Shyam Metalics & Energy Ltd Financial Efficiency Indicators Chart

Shyam Metalics & Energy Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Jan 2024
Promoters88.35%88.35%88.35%88.35%88.35%88.35%88.35%88.35%88.35%81.62%81.62%74.59%
FIIs2.59%1.66%0.98%1.06%0.81%0.67%0.76%0.65%0.65%1.84%1.98%3.21%
DIIs2.04%2.67%2.69%2.96%3.09%3.16%3.21%3.14%3.17%4.35%3.72%4.71%
Public7.02%7.32%7.97%7.63%7.75%7.82%7.66%7.86%7.84%11.78%12.26%17.10%
Others0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.43%0.43%0.39%
No. of Shareholders2,01,7431,76,3141,81,6221,69,1291,64,6221,64,3331,59,0431,56,2671,46,1651,30,0191,24,1671,23,152

Shyam Metalics & Energy Ltd Shareholding Pattern Chart

No. of Shyam Metalics & Energy Ltd Shareholders

Shyam Metalics & Energy Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Kotak Small Cap Fund - Regular Plan35256491.57221.34
Aditya Birla Sun Life Manufacturing Equity Fund3720662.8523.36
Kotak Equity Hybrid Fund - Regular Plan3253270.4220.42
SBI Magnum Comma Fund3000003.4718.83
SBI Flexi Cap Fund1857390.0611.66
Invesco India Contra Fund1420610.078.92
Navi Large & Midcap Fund - Regular Plan1084402.426.81
Nippon India Nifty Smallcap 250 Index Fund312110.21.96
Motilal Oswal Nifty Smallcap 250 Index Fund195050.21.22
SBI Nifty Smallcap 250 Index Fund153110.20.96

Shyam Metalics & Energy Ltd ROCE Trend

Shyam Metalics & Energy Ltd EPS Trend

Shyam Metalics & Energy Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)33.2668.9136.1014.5625.86
Diluted EPS (Rs.)33.2668.9136.1014.5625.86
Cash EPS (Rs.)51.4178.2748.9527.2635.59
Book Value[Excl.RevalReserv]/Share (Rs.)295.91228.74155.75121.17106.76
Book Value[Incl.RevalReserv]/Share (Rs.)295.91228.74155.75121.17106.76
Revenue From Operations / Share (Rs.)494.36407.48269.55187.34197.18
PBDIT / Share (Rs.)62.64104.2760.6829.0243.78
PBIT / Share (Rs.)44.4993.5947.8216.3235.46
PBT / Share (Rs.)40.8492.6845.1512.6432.70
Net Profit / Share (Rs.)33.2667.5936.1014.5627.26
NP After MI And SOA / Share (Rs.)33.6267.6136.1014.5625.86
PBDIT Margin (%)12.6725.5822.5115.4922.20
PBIT Margin (%)8.9922.9617.748.7117.98
PBT Margin (%)8.2622.7416.746.7416.58
Net Profit Margin (%)6.7216.5813.397.7713.82
NP After MI And SOA Margin (%)6.8016.5913.397.7713.11
Return on Networth / Equity (%)11.9729.5523.2012.0324.26
Return on Capital Employeed (%)13.8138.0627.9810.9027.42
Return On Assets (%)7.6620.4615.566.7214.90
Long Term Debt / Equity (X)0.040.020.030.120.08
Total Debt / Equity (X)0.160.090.210.370.26
Asset Turnover Ratio (%)1.291.500.720.570.69
Current Ratio (X)1.442.171.921.621.73
Quick Ratio (X)0.701.211.200.661.02
Inventory Turnover Ratio (X)4.184.191.791.842.78
Dividend Payout Ratio (NP) (%)13.3810.645.120.000.00
Dividend Payout Ratio (CP) (%)8.699.193.770.000.00
Earning Retention Ratio (%)86.6289.3694.880.000.00
Cash Earning Retention Ratio (%)91.3190.8196.230.000.00
Interest Coverage Ratio (X)17.16114.8422.697.8915.87
Interest Coverage Ratio (Post Tax) (X)10.1175.4414.504.9610.88
Enterprise Value (Cr.)8090.729441.690.000.000.00
EV / Net Operating Revenue (X)0.640.900.000.000.00
EV / EBITDA (X)5.063.550.000.000.00
MarketCap / Net Operating Revenue (X)0.530.880.000.000.00
Retention Ratios (%)86.6189.3594.870.000.00
Price / BV (X)0.931.580.000.000.00
Price / Net Operating Revenue (X)0.530.880.000.000.00
EarningsYield0.120.180.000.000.00

Shyam Metalics & Energy Ltd Profitability Ratios (%)

Shyam Metalics & Energy Ltd Liquidity Ratios

Shyam Metalics & Energy Ltd Liquidity Ratios (%)

Shyam Metalics & Energy Ltd Interest Coverage Ratios (X)

Shyam Metalics & Energy Ltd Valuation Ratios

Fair Value / Intrinsic Value of Shyam Metalics & Energy Ltd

Fair Value: ₹700.84

The stock is undervalued by 8.99% compared to the current price ₹643

*Investments are subject to market risks

Strength and Weakness of Shyam Metalics & Energy Ltd

StrengthWeakness
  1. The stock has a high average ROCE of 20.83%, which is a positive sign.
  2. The company has higher reserves (4,348.86 cr) compared to borrowings (985.43 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (7.29 cr) and profit (333.86 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 47.54 and average Dividend Yield of 15.28%.
  2. The stock has a high average Working Capital Days of 74.00, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 77.17, which may not be favorable.

Should I Buy Adishakti Loha & Ispat ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Shyam Metalics & Energy Ltd:
    1. Net Profit Margin: 6.72%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 13.81% (Industry Average ROCE: 11.67%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 10.11
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 0.70
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✗ Stock P/E: 16.9 (Industry average Stock P/E: 10.7)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✓ Total Debt / Equity: 0.16
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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 Shyam Metalics & Energy 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