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Last Updated on: 13 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Shyam Metalics & Energy Ltd

Basic Stock Data

Last Updated: June 12, 2024, 12:50 pm

Market Cap 17,920 Cr.
Current Price 642
High / Low772/318
Stock P/E17.4
Book Value 346
Dividend Yield0.28 %
ROCE10.9 %
ROE12.2 %
Face Value 10.0
PEG Ratio0.85

Competitors of Shyam Metalics & Energy Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Prakash Industries Ltd 2,986 Cr. 167224/62.38.58 1690.00 %11.6 %11.6 % 10.0
Manaksia Steels Ltd 365 Cr. 55.7107/37.812.8 45.80.00 %11.2 %9.62 % 1.00
Bonlon Industries Ltd 54.6 Cr. 38.556.0/26.423.4 55.70.00 %4.43 %2.99 % 10.0
JSW Steel Ltd 2,24,224 Cr. 917930/72326.7 3180.80 %13.2 %11.8 % 1.00
Technocraft Industries (India) Ltd 6,372 Cr. 2,7752,869/1,50223.5 7290.00 %18.7 %17.5 % 10.0
Industry Average46,800.32 Cr790.6419.00263.500.16%11.83%10.70%6.40

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales2,3512,4652,4942,5782,8573,2233,0852,9223,4283,3332,9413,3153,606
Expenses1,7241,7771,8701,9532,1942,6172,8422,6993,0012,9192,6342,9083,165
Operating Profit627688624625663607244222427414307407442
OPM %27%28%25%24%23%19%8%8%12%12%10%12%12%
Other Income982117152222382330384051
Interest77566715333937354022
Depreciation806161609195110132137158177182139
Profit before tax54962758057658152714095275249133226332
Tax %29%27%29%27%25%21%21%32%8%19%-261%44%34%
Net Profit38845841042343341411165254202482126220
EPS in Rs16.5917.9516.2416.5216.8916.264.482.6410.058.0018.984.997.76

Last Updated: June 10, 2024, 5:55 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 27, 2024, 6:04 am

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales3,7474,6064,3766,29710,39412,61013,195
Expenses3,0343,6563,7104,9037,79311,12411,625
Operating Profit7149506661,3942,6011,4861,570
OPM %19%21%15%22%25%12%12%
Other Income6873122459112159
Interest496486622393133
Depreciation215195297300272463656
Profit before tax5177642951,0552,3641,042940
Tax %-2%17%-15%20%27%19%-9%
Net Profit5286373408441,7248481,029
EPS in Rs90.8325.8614.5636.1067.6133.6237.07
Dividend Payout %0%0%0%7%7%5%7%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)20.64%-46.62%148.24%104.27%-50.81%21.34%
Change in YoY Net Profit Growth (%)0.00%-67.27%194.86%-43.97%-155.08%72.16%

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:106%
Return on Equity
10 Years:%
5 Years:23%
3 Years:24%
Last Year:13%

Last Updated: May 2, 2024, 6:13 am

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

Reserves and Borrowings Chart

Steel Exchange India 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

Free Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow146.00221.00665.00-795.00-541.000.00-596.00

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 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days36171331131720
Inventory Days8696203981199083
Days Payable69417935696291
Cash Conversion Cycle537213694634512
Working Capital Days577112383684247
ROCE %28%11%27%44%15%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 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%2.35%
DIIs2.04%2.67%2.69%2.96%3.09%3.16%3.21%3.14%3.17%4.35%3.72%4.45%
Public7.02%7.32%7.97%7.63%7.75%7.82%7.66%7.86%7.84%11.78%12.26%18.22%
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 Shareholders2,01,7431,76,3141,81,6221,69,1291,64,6221,64,3331,59,0431,56,2671,46,1651,30,0191,24,1671,22,770

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Kotak Small Cap Fund - Regular Plan3,525,6491.57221.34325,3272024-06-11983.72%
Aditya Birla Sun Life Manufacturing Equity Fund372,0662.8523.36325,3272024-06-1114.37%
Kotak Equity Hybrid Fund - Regular Plan325,3270.4220.42325,3272024-06-110%
SBI Magnum Comma Fund300,0003.4718.83325,3272024-06-11-7.79%
SBI Flexi Cap Fund185,7390.0611.66325,3272024-06-11-42.91%
Invesco India Contra Fund142,0610.078.92325,3272024-06-11-56.33%
Navi Large & Midcap Fund - Regular Plan108,4402.426.81325,3272024-06-11-66.67%
Nippon India Nifty Smallcap 250 Index Fund31,2110.21.96325,3272024-06-11-90.41%
Motilal Oswal Nifty Smallcap 250 Index Fund19,5050.21.22325,3272024-06-11-94%
SBI Nifty Smallcap 250 Index Fund15,3110.20.96325,3272024-06-11-95.29%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)39.5433.2668.9136.1014.56
Diluted EPS (Rs.)39.4633.2668.9136.1014.56
Cash EPS (Rs.)60.6051.4178.2748.9527.26
Book Value[Excl.RevalReserv]/Share (Rs.)371.10295.91228.74155.75121.17
Book Value[Incl.RevalReserv]/Share (Rs.)371.10295.91228.74155.75121.17
Revenue From Operations / Share (Rs.)474.58494.36407.48269.55187.34
PBDIT / Share (Rs.)62.1962.64104.2760.6829.02
PBIT / Share (Rs.)38.5944.4993.5947.8216.32
PBT / Share (Rs.)33.8040.8492.6845.1512.64
Net Profit / Share (Rs.)37.0033.2667.5936.1014.56
NP After MI And SOA / Share (Rs.)37.2233.6267.6136.1014.56
PBDIT Margin (%)13.1012.6725.5822.5115.49
PBIT Margin (%)8.138.9922.9617.748.71
PBT Margin (%)7.128.2622.7416.746.74
Net Profit Margin (%)7.796.7216.5813.397.77
NP After MI And SOA Margin (%)7.846.8016.5913.397.77
Return on Networth / Equity (%)10.7211.9729.5523.2012.03
Return on Capital Employeed (%)9.9813.8138.0627.9810.90
Return On Assets (%)7.177.6620.4615.566.72
Long Term Debt / Equity (X)0.020.040.020.030.12
Total Debt / Equity (X)0.060.160.090.210.37
Asset Turnover Ratio (%)1.031.291.500.720.57
Current Ratio (X)1.391.442.171.921.62
Quick Ratio (X)0.790.701.211.200.66
Inventory Turnover Ratio (X)4.394.184.191.791.84
Dividend Payout Ratio (NP) (%)0.0013.3810.645.120.00
Dividend Payout Ratio (CP) (%)0.008.699.193.770.00
Earning Retention Ratio (%)0.0086.6289.3694.880.00
Cash Earning Retention Ratio (%)0.0091.3190.8196.230.00
Interest Coverage Ratio (X)12.9717.16114.8422.697.89
Interest Coverage Ratio (Post Tax) (X)8.7210.1175.4414.504.96
Enterprise Value (Cr.)17633.518090.729441.690.000.00
EV / Net Operating Revenue (X)1.340.640.900.000.00
EV / EBITDA (X)10.205.063.550.000.00
MarketCap / Net Operating Revenue (X)1.240.530.880.000.00
Retention Ratios (%)0.0086.6189.3594.870.00
Price / BV (X)1.700.931.580.000.00
Price / Net Operating Revenue (X)1.240.530.880.000.00
EarningsYield0.060.120.180.000.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 736.55

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 14.73% compared to the current price 642

Intrinsic Value: 887.92

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 38.30% compared to the current price ₹642

Last 5 Year EPS CAGR: 20.55%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 17.86%, which is a positive sign.
  2. The company has higher reserves (4,558.86 cr) compared to borrowings (786.71 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (7.43 cr) and profit (360.00 cr) over the years.
  1. The stock has a high average Working Capital Days of 70.14, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 67.86, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Shyam Metalics & Energy Ltd:
    1. Net Profit Margin: 7.79%
      • 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: 9.98% (Industry Average ROCE: 11.83%)
      • 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. ROE%: 10.72% (Industry Average ROE: 10.7%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 8.72
      • 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.
    5. Quick Ratio: 0.79
      • 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.
    6. Stock P/E: 17.4 (Industry average Stock P/E: 19)
      • 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.
    7. Total Debt / Equity: 0.06
      • 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 is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company

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

FAQ

What is the latest fair value of Shyam Metalics & Energy Ltd?

The latest fair value of Shyam Metalics & Energy Ltd is ₹736.55.

What is the Market Cap of Shyam Metalics & Energy Ltd?

The Market Cap of Shyam Metalics & Energy Ltd is 17,920 Cr..

What is the current Stock Price of Shyam Metalics & Energy Ltd as on 13 June 2024?

The current stock price of Shyam Metalics & Energy Ltd as on 13 June 2024 is ₹642.

What is the High / Low of Shyam Metalics & Energy Ltd stocks in FY 2024?

In FY 2024, the High / Low of Shyam Metalics & Energy Ltd stocks is 772/318.

What is the Stock P/E of Shyam Metalics & Energy Ltd?

The Stock P/E of Shyam Metalics & Energy Ltd is 17.4.

What is the Book Value of Shyam Metalics & Energy Ltd?

The Book Value of Shyam Metalics & Energy Ltd is 346.

What is the Dividend Yield of Shyam Metalics & Energy Ltd?

The Dividend Yield of Shyam Metalics & Energy Ltd is 0.28 %.

What is the ROCE of Shyam Metalics & Energy Ltd?

The ROCE of Shyam Metalics & Energy Ltd is 10.9 %.

What is the ROE of Shyam Metalics & Energy Ltd?

The ROE of Shyam Metalics & Energy Ltd is 12.2 %.

What is the Face Value of Shyam Metalics & Energy Ltd?

The Face Value of Shyam Metalics & Energy Ltd is 10.0.

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