Shyam Metalics & Energy Ltd
SHYAMMETLShyam Metalics & Energy Ltd's earnings have outrun its stock. EPS grew +17.9% in a year against a +12.3% price move.
Biggest watch item: the P/E sits at the 79th percentile of its own range — the multiple has already done part of the work.
The price is in a confirmed uptrend (8 weeks in) while the P/E sits at the 79th percentile of its own 5-year range. Underneath, the last four quarters read improving — profit +20.6% year on year, and 193% of the last 3 years' profit arrived as cash. What settles it: the next one or two quarters of delivery.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Shyam Metalics & Energy Ltd trades at ₹1,023, in a confirmed uptrend and 8 weeks into that stage. That is +14.9% against its own 200-day average. It sits at 100% of a 52-week range of ₹770 to ₹1,023. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 1 straight week.
Today the stock is in a confirmed uptrend — week 8 of stage 2, confirmed. At ₹1,023 it trades +14.9% versus its 200-day average and sits at 100% of its 52-week range (₹770–₹1,023).
Against the market, two honest reads. Cumulative: over the last 5.1 years the stock moved +163% while the NIFTY 500 moved +73% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 1 straight week — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 79th percentile of its own range.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Shyam Metalics & Energy Ltd trades at 25.5× P/E, at the pricey end of its own range (79th percentile). Its long-run median P/E is 17.3×, measured across 5.1 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 25.5× is at the pricey end of its own range (79th percentile), against a long-run median of 17.3× measured over 5.1 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Why the multiple sits where it does: over the past year annual EPS moved +17.9% against a +12.3% price move — earnings outran the price, pushing the multiple DOWN its own range.
The price move, decomposed: over 5y, of the +19.9%/yr price move, ~+22.6%/yr came from earnings growth and ~−2.7 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.
→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.
Stage: Mixed Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Shyam Metalics & Energy Ltd reads as mixed on its fundamental arc. Mixed — the growth curves are steadily positive, but ROCE at 13.0% is below the 15% bar this page requires to call it Consistent. The read is built from 12 quarters across 4 curves, on partial evidence.
Why it matters: when the curves disagree, the per-curve reads above matter more than any single verdict.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +22.6% | +13.6% | +24.1% | — |
| Profit | +16.6% | +7.9% | +4.7% | — |
| EPS | +17.9% | +4.7% | +1.2% | — |
| Share price | +12.3% | +41.3% | +19.9% | — |
→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.
4-Factor Sector Score
69.1/100 — rank 1 of 17 in Steel Products · 97% evidence confidence
Shyam Metalics & Energy Ltd scores 69.1 out of 100 against the 17 companies it is compared with in Steel Products, ranking 1. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 26.3 + 15.2 + 12.6 + 15 = 69.1. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Shyam Metalics & Energy Ltd reported ₹5,455 Cr of revenue in the Jun 26 quarter, +23.4% year on year. That is the 11th straight quarter of year-on-year growth. Over 8 years it has compounded at 22.1% a year. The last full year, FY26, came in at ₹18,552 Cr. The last four reported quarters add to ₹19,583 Cr.
Shyam Metalics & Energy Ltd reported ₹5,455 Cr of revenue in the Jun 26 quarter, +23.4% year on year. That is the 11th straight quarter of year-on-year growth. Over 8 years it has compounded at 22.1% a year. The last full year, FY26, came in at ₹18,552 Cr. The last four reported quarters add to ₹19,583 Cr.
FY26 revenue came in at ₹18,552 Cr (+22.6% on the year), capping 8 years at 22.1% compound. The latest quarter (Jun 26) printed ₹5,455 Cr, +23.4% year on year — the 11th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +22.6% growth against the decade's 22.1% — the current year is running in line with its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +22.8% over the last 4 quarters against +20.6%/yr over the last 8 — stabilising; TTM profit +21.3% vs +0.8%/yr — accelerating.
→ Revenue grew — did margins hold as it scaled? Next: 14.0% this quarter (+1.0 pp YoY).
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Shyam Metalics & Energy Ltd's operating margin is 14.0% in the Jun 26 quarter, +1.0 percentage points against the same quarter a year ago. Across 9 fiscal years the operating margin has ranged 12.0% to 25.0%. The current quarter sits inside that band.
Shyam Metalics & Energy Ltd's operating margin is 14.0% in the Jun 26 quarter, +1.0 percentage points against the same quarter a year ago. Across 9 fiscal years the operating margin has ranged 12.0% to 25.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 14.0%, +1.0 pp against the same quarter a year ago. Across 9 fiscal years the operating margin has ranged 12.0%–25.0%.
Why the margin moved: operating margin went +0.9 pp year on year while gross margin went +0.5 pp — the gain came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.
→ Margins held — did that reach the bottom line? Next: profit +20.6% in the latest quarter.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Shyam Metalics & Energy Ltd earned ₹351 Cr of net profit in the Jun 26 quarter, +20.6% year on year. It is the 5th consecutive quarter of growth. Full-year FY26 profit was ₹1,060 Cr. The 8-year compound rate is 9.1%. That is 6.4% of the quarter's revenue. The same quarter a year earlier earned ₹291 Cr.
Shyam Metalics & Energy Ltd earned ₹351 Cr of net profit in the Jun 26 quarter, +20.6% year on year. It is the 5th consecutive quarter of growth. Full-year FY26 profit was ₹1,060 Cr. The 8-year compound rate is 9.1%. That is 6.4% of the quarter's revenue. The same quarter a year earlier earned ₹291 Cr.
Jun 26 profit was ₹351 Cr, +20.6% year on year — the 5th consecutive quarter of growth. On the full year, FY26 printed ₹1,060 Cr (+16.6%), and the 8-year compound rate is 9.1%.
Why profit moved: revenue contributed +23.4% and the margin +1.0 pp — the quarter was revenue-led, with the margin roughly flat.
Pace comparison, last four quarters: profit +20.8% vs revenue +22.6%. Profit and revenue are moving roughly in step.
→ Profit rose — but did the cash follow? Next: 193% of the last 3 years' profit arrived as cash.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 193% of Shyam Metalics & Energy Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹2,024 Cr of operating cash against ₹1,060 Cr of profit. After ₹2,743 Cr of capital spending, ₹−719 Cr was left as free cash.
FY26: operating cash of ₹2,024 Cr against reported profit of ₹1,060 Cr, leaving free cash of ₹−719 Cr after ₹2,743 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 193% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why conversion sits at 193%: the cash cycle tightened 86 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner.
Router verdict: the bigger cash user is investment — capital spending ran 3.2× depreciation over three years, so the next section's job is to check what that build-out is buying.
→ So follow the cash to where it goes. Next: ₹7,095 Cr of building over 3 years.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Shyam Metalics & Energy Ltd's cash conversion cycle runs 8 days in FY26, down from 94 days in FY21. Capital spending ran ₹7,095 Cr over the last 3 years. At FY26 sales of ₹18,552 Cr each day of that cycle holds about ₹50.8 Cr, so roughly ₹407 Cr sits inside the business at any moment.
FY26: debtors at 18 days, inventory at 123 days — roughly 4.0 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 8 days, tighter than FY21's 94.
The full loop: cash goes out to suppliers and production on day 0; stock waits 123 days to sell; customers pay about 18 days after that; and suppliers themselves are paid at 133 days — netting out to the 8-day cycle.
In money terms: at FY26 sales of ₹18,552 Cr, each day of the cycle holds about ₹50.8 Cr — so the 8-day loop keeps roughly ₹407 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹7,095 Cr over the last 3 fiscal years against ₹2,249 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹2,792 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
→ Does all this activity actually earn its cost of capital? Next: ROCE is 13% and the ROIC − WACC spread is −3.0 pp.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
Shyam Metalics & Energy Ltd earns a ROCE of 13% in FY26. That is up from a trough of 11% in FY20. Return on invested capital clears the cost of that capital by −3.0 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 5.7% net margin on 0.92× asset turns.
FY26 ROCE is 13%, recovered from a FY20 trough of 11% — the full ladder below shows the fall and the climb, undoctored.
🚨 Why the return is what it is — the wiring (FY26): 5.7% net margin × 0.92× asset turns × 1.74× balance-sheet leverage ≈ 9.1% on equity. Margin does its share; leverage is a meaningful part of the equation.
The capstone test — ROIC − WACC: 9.0% − 12.0% = a −3.0 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.
→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.09.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.
Shyam Metalics & Energy Ltd carries total debt of ₹1,005 Cr against shareholder equity of ₹12,357 Cr as of Jun 26, a debt-to-equity of 0.08 — effectively unlevered. On the annual view that ratio went from 0.09 in FY22 to 0.08 in FY26. The returns elsewhere on this page are therefore earned rather than borrowed.
Jun 26: total debt of ₹1,005 Cr against shareholder equity of ₹12,357 Cr — a debt-to-equity of 0.08. On the annual view, debt-to-equity went from 0.09 (FY22) to 0.08 (FY26). The returns on this page are earned, not borrowed.
→ Who owns this, and are they adding or leaving? Next: Domestic institutions added 8.4 points over 8 quarters.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Domestic institutions added 8.4 points of Shyam Metalics & Energy Ltd over 8 quarters, the biggest move on the register. That takes domestic institutions to 13.8% of the company. Foreign institutions moved +0.7 points over the same window, to 3.0%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Domestic institutions: +8.4 points over 8 quarters to 13.8%; Foreign institutions: +0.7 points over 8 quarters to 3.0%; Promoters: +0.0 points over 8 quarters to 74.6%.
Why the register moved: domestic institutions drove it (+8.4 points), alongside foreign institutions (+0.7 points) — steady accumulation by institutions reading the same numbers this page reads.
→ One last check: does the safety math agree? Next: the balance-sheet safety line.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Shyam Metalics & Energy Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | P/E | Mkt cap | Revenue | EPS | ROCE | Stage |
|---|---|---|---|---|---|---|
| Shyam Metalics & Energy Ltd this page | 25.5× | ₹28,679 Cr | Improving | |||
| Jindal Steel Ltd | 34.2× | ₹1.1L Cr | Turning around | |||
| Gallantt Ispat Ltd. | 26.0× | ₹12,576 Cr | Mixed | |||
| Sunflag Iron & Steel Company Ltd | 30.2× | ₹6,284 Cr | Mixed | |||
| Raghav Productivity Enhancers Ltd | 95.5× | ₹5,985 Cr | Consistent | |||
| Kalyani Steels Ltd | 14.8× | ₹3,898 Cr | No read | |||
| Vardhman Special Steels Ltd | 31.1× | ₹2,865 Cr | — | No read | ||
| Rhetan TMT Ltd | 219.0× | ₹2,259 Cr | Turning around | |||
| Prakash Industries Ltd | 6.7× | ₹2,216 Cr | Mixed | |||
| Steel Exchange India Ltd | 46.4× | ₹1,476 Cr | No read | |||
| Electrotherm (India) Ltd | — | ₹1,285 Cr | Deteriorating | |||
| BMW Industries Ltd | 15.3× | ₹1,241 Cr | Turning around | |||
| Salasar Techno Engineering Ltd | 60.6× | ₹1,044 Cr | Turning around | |||
| Kamdhenu Ltd | 33.5× | ₹1,019 Cr | No read | |||
| Beekay Steel Industries Ltd | 20.8× | ₹764 Cr | Mixed | |||
| Banganga Paper Industries Ltd | 347.0× | ₹657 Cr | — | No read | ||
| Panchmahal Steel Ltd | — | ₹652 Cr | No read | |||
| Panchmahal Steel Ltd | — | ₹610 Cr | No read | |||
| Panchmahal Steel Ltd | — | ₹517 Cr | No read |
Frequently asked questions
What is Shyam Metalics & Energy Ltd's share price today?
Shyam Metalics & Energy Ltd trades at ₹1,023, +12.3% over the past year. The company is valued at ₹28,679 Cr. The stock sits at 100% of its 52-week range of ₹770–₹1,023, +14.9% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 8 weeks in. — as of 24 July 2026.
What were Shyam Metalics & Energy Ltd's latest quarterly results?
Shyam Metalics & Energy Ltd reported revenue of ₹5,455 Cr and net profit of ₹351 Cr for the Jun 26 quarter. Revenue rose 23.4% and profit rose 20.6% year on year. Earnings per share were ₹12.36. The operating margin was 14.0%, 1.0 pp higher than a year earlier. — as of 24 July 2026.
What is Shyam Metalics & Energy Ltd's revenue?
Shyam Metalics & Energy Ltd reported revenue of ₹5,455 Cr in the Jun 26 quarter, +23.4% year on year. For the full FY26 fiscal year, revenue was ₹18,552 Cr (+22.6%). Over the last 8 years revenue compounded at 22.1% a year. — as of 24 July 2026.
What is Shyam Metalics & Energy Ltd's profit?
Shyam Metalics & Energy Ltd earned ₹351 Cr of net profit in the Jun 26 quarter, +20.6% year on year — the 5th straight quarter of growth. Full-year FY26 profit was ₹1,060 Cr. The operating margin ran 14.0% in the latest quarter. — as of 24 July 2026.
What is Shyam Metalics & Energy Ltd's market cap?
Shyam Metalics & Energy Ltd's market capitalisation is ₹28,679 Cr at a share price of ₹1,023. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.
What is Shyam Metalics & Energy Ltd's P/E ratio?
Shyam Metalics & Energy Ltd trades at a P/E of 25.5×, at the 79th percentile of its own 5-year range, against a long-run median of 17.3×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.
Does Shyam Metalics & Energy Ltd pay a dividend?
Yes — Shyam Metalics & Energy Ltd's dividend payout was 7% of profit in FY26, and it recorded a payout in 6 of its last 9 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 24 July 2026.
Is Shyam Metalics & Energy Ltd overvalued?
On its own history, Shyam Metalics & Energy Ltd looks expensive against its own history: its P/E of 25.5× sits at the 79th percentile of its 5-year range (long-run median 17.3×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 24 July 2026.
Is Shyam Metalics & Energy Ltd growing?
Yes — Shyam Metalics & Energy Ltd is growing: latest-quarter revenue +23.4% year on year, profit +20.6%, and the margin +1.0 pp at 14.0%. The 8-year compound rates are 22.1% (revenue) and 9.1% (profit). The earnings engine currently reads: improving — as of 24 July 2026.
How is Shyam Metalics & Energy Ltd performing?
Shyam Metalics & Energy Ltd is in a confirmed uptrend, 8 weeks in. Its latest quarter's revenue rose 23.4% and profit rose 20.6% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 1 week. This describes what the data did, not a rating. — as of 24 July 2026.
What stage is Shyam Metalics & Energy Ltd in?
Mixed — the growth curves are steadily positive, but ROCE at 13.0% is below the 15% bar this page requires to call it Consistent. The read comes from the last 12 quarters of growth (revenue growth +22.8% latest, profit growth +21.3% latest, eps growth +21.5% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.
Is Shyam Metalics & Energy Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 8 of stage 2), trading +14.9% versus its 200-day average and at 100% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.
Is Shyam Metalics & Energy Ltd beating the market?
On recent form, yes — Shyam Metalics & Energy Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 1 straight week, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 5.1 years the stock moved +163% against the NIFTY 500's +73% — ahead of the index over the full window. — as of 24 July 2026.
Will Shyam Metalics & Energy Ltd's share price go up?
This page publishes no price forecast for Shyam Metalics & Energy Ltd. What it measures instead: the share price is ₹1,023, the price is in a confirmed uptrend 8 weeks in. Its P/E of 25.5× sits at the 79th percentile of its own 5-year range. — as of 24 July 2026.
Who owns Shyam Metalics & Energy Ltd?
Promoters hold 74.6% of Shyam Metalics & Energy Ltd, foreign institutions 3.0%, domestic institutions 13.8% and the public 8.4% (latest quarter). The biggest move on the register over the last two years: Domestic institutions added 8.4 points over 8 quarters. — as of 24 July 2026.
Does Shyam Metalics & Energy Ltd have too much debt?
No — Shyam Metalics & Energy Ltd's debt-to-equity is 0.09, and operating profit covers the interest bill 12×. FY26 borrowings were ₹1,005 Cr against equity of ₹11,523 Cr. The returns on this page are earned, not borrowed — as of 24 July 2026.
What is Shyam Metalics & Energy Ltd's capex?
Shyam Metalics & Energy Ltd spent ₹7,095 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹2,743 Cr, with ₹2,792 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.
What is Shyam Metalics & Energy Ltd's cash flow?
Shyam Metalics & Energy Ltd generated ₹2,024 Cr of operating cash flow in FY26 and ₹−719 Cr of free cash flow after ₹2,743 Cr of capital spending. Reported profit that year was ₹1,060 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 24 July 2026.
Is Shyam Metalics & Energy Ltd's profit real cash?
Yes — over the last 3 fiscal years, 193% of Shyam Metalics & Energy Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹2,024 Cr against reported profit of ₹1,060 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 24 July 2026.
Where is Shyam Metalics & Energy Ltd in its business cycle?
Shyam Metalics & Energy Ltd's FY26 operating margin was 13.0%, against a 9-year band of 12.0%–25.0%: the low end of its own band, which is where recoveries start when they come. The latest quarter ran 14.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.
What could break the Shyam Metalics & Energy Ltd story?
Biggest watch item: the P/E sits at the 79th percentile of its own range — the multiple has already done part of the work. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.
Is Shyam Metalics & Energy Ltd a stock worth studying right now?
This is not investment advice. The machine read: Shyam Metalics & Energy Ltd's earnings have outrun its stock. EPS grew +17.9% in a year against a +12.3% price move. The sharpest open question: the next one or two quarters of delivery. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.