SARDAEN

Sarda Energy & Minerals Limited

Integrated miner, power generator and steel producer

Commodities›Metals & Mining›Ferrous Metals›Iron & Steel

seml.co.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹488.85
Market cap
17,232 Cr
Stock P/E
15.3
P/B
2.34
Dividend yield
0.3%
ROE (FY26)
14.8%
ROCE (FY26)
17.3%
Operating margin (FY26)
25.4%
Debt / equity (FY26)
0.35
OCF / EBITDA (FY26)
97.1%
OCF / EBITDA (3Y)
88.2%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Sarda Energy (Sarda Energy & Minerals, also called SEML) is an integrated company that generates power, makes steel and ferro alloys, and is developing coal mines to feed its own plants.

Company snapshot

6thBy market cap

Ranked among 13 companies in Iron & Steel.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 45.0% of revenue

SegmentRevenue shareRevenuePBTAssets
Ferro Alloys
32.4%
1,103 Cr179 Cr—
Power
36.5%
1,242 Cr392 Cr—
Steel
45.0%
1,532 Cr343 Cr—
Unallocated
0.5%
18 Cr0 Cr—

Shares add up to 114% because segment revenues are before inter-segment eliminations.

What we see

Positives
  • ✓Net margin of 19.5% — the business keeps a healthy share of every rupee it earns.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales1,001 Cr925 Cr889 Cr926 Cr1,159 Cr1,319 Cr1,239 Cr1,633 Cr1,528 Cr1,276 Cr1,254 Cr1,608 Cr
Operating expenses (approx.)759 Cr737 Cr737 Cr666 Cr821 Cr950 Cr968 Cr1,016 Cr1,016 Cr965 Cr906 Cr955 Cr
EBITDA242 Cr188 Cr152 Cr261 Cr337 Cr369 Cr271 Cr617 Cr512 Cr311 Cr348 Cr653 Cr
OPM %24.2%20.3%17.1%28.1%29.1%28.0%21.8%37.8%33.5%24.4%27.7%40.6%
Other income24 Cr37 Cr43 Cr75 Cr56 Cr-0.40 Cr47 Cr80 Cr68 Cr84 Cr5 Cr108 Cr
Interest35 Cr34 Cr28 Cr36 Cr55 Cr64 Cr70 Cr62 Cr64 Cr64 Cr54 Cr58 Cr
Depreciation46 Cr46 Cr46 Cr45 Cr62 Cr78 Cr87 Cr81 Cr85 Cr86 Cr88 Cr89 Cr
Profit before tax184 Cr150 Cr132 Cr259 Cr276 Cr238 Cr166 Cr567 Cr443 Cr261 Cr224 Cr630 Cr
Tax %19.0%23.8%33.5%23.3%26.3%15.9%39.6%23.0%26.1%27.2%30.9%24.1%
Net profit149 Cr114 Cr88 Cr198 Cr203 Cr200 Cr100 Cr437 Cr328 Cr190 Cr155 Cr478 Cr
EPS (₹)₹3.99₹3.32₹2.68₹5.64₹5.55₹5.60₹3.07₹12.33₹9.17₹5.40₹4.48₹13.00

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,571 Cr2,217 Cr2,324 Cr2,000 Cr2,199 Cr3,914 Cr4,212 Cr3,868 Cr4,643 Cr5,690 CrSign in free for the trailing twelve months
Operating expenses (approx.)1,354 Cr1,815 Cr1,842 Cr1,644 Cr1,679 Cr2,559 Cr3,152 Cr3,070 Cr3,406 Cr3,903 CrSign in free for the trailing twelve months
EBITDA217 Cr402 Cr482 Cr356 Cr520 Cr1,355 Cr1,060 Cr798 Cr1,237 Cr1,787 CrSign in free for the trailing twelve months
OPM %13.8%18.1%20.8%17.8%23.6%34.6%25.2%20.6%26.7%31.4%Sign in free for the trailing twelve months
Other income67 Cr70 Cr17 Cr-17 Cr144 Cr50 Cr49 Cr184 Cr172 Cr237 CrSign in free for the trailing twelve months
Interest94 Cr97 Cr99 Cr82 Cr79 Cr147 Cr124 Cr128 Cr220 Cr244 CrSign in free for the trailing twelve months
Depreciation69 Cr73 Cr76 Cr78 Cr75 Cr143 Cr178 Cr183 Cr271 Cr341 CrSign in free for the trailing twelve months
Profit before tax150 Cr295 Cr324 Cr172 Cr491 Cr1,106 Cr806 Cr683 Cr939 Cr1,496 CrSign in free for the trailing twelve months
Tax %15.4%30.3%36.0%25.2%23.4%27.1%25.0%23.2%25.2%25.8%Sign in free for the trailing twelve months
Net profit127 Cr206 Cr207 Cr128 Cr376 Cr807 Cr604 Cr524 Cr702 Cr1,109 CrSign in free for the trailing twelve months
EPS (₹)₹35.59₹56.01₹56.36₹35.05₹104.00₹223.07₹169.94₹14.84₹19.86₹31.38Sign in free for the trailing twelve months
Dividend payout %————4.8%3.4%4.5%10.1%5.0%4.8%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital36 Cr36 Cr36 Cr36 Cr36 Cr36 Cr35 Cr35 Cr35 Cr35 Cr
Reserves1,322 Cr1,540 Cr1,742 Cr1,831 Cr2,185 Cr2,968 Cr3,375 Cr3,853 Cr6,251 Cr7,335 Cr
Borrowings1,272 Cr1,310 Cr1,332 Cr1,632 Cr1,601 Cr1,581 Cr1,407 Cr1,366 Cr2,823 Cr2,595 Cr
Other liabilities403 Cr438 Cr474 Cr500 Cr598 Cr610 Cr564 Cr641 Cr910 Cr1,299 Cr
Total liabilities3,115 Cr3,413 Cr3,665 Cr4,100 Cr4,521 Cr5,298 Cr5,481 Cr6,002 Cr10,125 Cr11,371 Cr
Fixed assets (net)1,100 Cr1,275 Cr1,249 Cr1,209 Cr1,172 Cr2,701 Cr2,758 Cr2,715 Cr5,711 Cr5,889 Cr
CWIP788 Cr775 Cr1,054 Cr1,365 Cr1,619 Cr132 Cr130 Cr250 Cr613 Cr463 Cr
Investments226 Cr287 Cr265 Cr243 Cr319 Cr547 Cr469 Cr697 Cr828 Cr1,681 Cr
Loans & advances——313 Cr260 Cr308 Cr431 Cr300 Cr487 Cr478 Cr509 Cr
Inventories343 Cr411 Cr439 Cr501 Cr579 Cr613 Cr727 Cr528 Cr809 Cr794 Cr
Trade receivables106 Cr131 Cr93 Cr124 Cr138 Cr169 Cr182 Cr101 Cr221 Cr276 Cr
Cash & bank10 Cr21 Cr43 Cr164 Cr49 Cr216 Cr8 Cr104 Cr58 Cr108 Cr
Other assets542 Cr512 Cr209 Cr235 Cr337 Cr489 Cr907 Cr1,119 Cr1,406 Cr1,652 Cr
Total assets3,115 Cr3,413 Cr3,665 Cr4,100 Cr4,521 Cr5,298 Cr5,481 Cr6,002 Cr10,125 Cr11,371 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity177 Cr304 Cr480 Cr345 Cr189 Cr923 Cr701 Cr752 Cr886 Cr1,735 Cr
Cash from investing-241 Cr-202 Cr-399 Cr-423 Cr-186 Cr-408 Cr-431 Cr-434 Cr-2,132 Cr-1,166 Cr
Cash from financing63 Cr-91 Cr-106 Cr199 Cr-70 Cr-331 Cr-479 Cr-222 Cr1,200 Cr-519 Cr
Net cash flow-1 Cr11 Cr-24 Cr120 Cr-67 Cr185 Cr-208 Cr96 Cr-46 Cr50 Cr
Free cash flow (OCF − Capex)-63 Cr42 Cr153 Cr-14 Cr-115 Cr635 Cr485 Cr487 Cr395 Cr1,397 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %9.0%13.2%13.2%7.1%14.5%26.7%18.9%15.1%12.6%17.3%
ROE %9.2%12.4%10.9%6.4%16.1%25.9%17.2%13.1%10.9%14.8%
Debtor days25221423231616101718
Inventory days13311411214815911011484118104
Days payable43364663563821282822
Cash conversion cycle1149980108125881096610799
OCF / EBITDA %81.6%75.7%99.5%96.8%36.4%68.1%66.2%94.3%71.6%97.1%
OCF / EBITDA % (3 years)——87.3%91.0%74.6%65.3%61.8%74.0%75.6%88.2%
Debt / equity0.940.830.750.870.720.530.410.350.450.35
Current ratio1.561.681.762.082.482.612.993.363.064.50
Net debt / EBITDA5.81—2.674.122.991.011.321.582.231.39