Sarda Energy & Minerals Ltd (Mining/Minerals - Iron Ore) — fundamental analysis, earnings data, and key metrics. PE: 17.1. ROE: 13.4%. This stock is not currently in the Nifty 500 momentum outperformers list.
Based on Q3 FY26 (ended December 2025) earnings • Updated Feb 28, 2026
What: Final approval expected shortly for 120,000 tonne annual capacity increase
Impact: +₹50 Cr revenue
“Approval to enhance the capacity of The Gare Palma 4×7 coal mine from 1.68 million tonnes to 1.8 million tons is at the final stage and is expected shortly.”
What: Long-term revenue visibility with fixed tariff for stable cash flows
Impact: +₹200 Cr revenue
“The tariff has been fixed at 7.42 per unit providing long term revenue visibility and further strengthening the quality of our energy portfolio.”
What: Steel segment margin improvement as prices rebound from bottomed-out levels
Impact: +₹150 Cr revenue
“Steel had gone down bottomed out almost because lowest prices. So that is an effect of third quarter... Thermal price will also go up average. We are considering price first quarter again will be much higher.”
Earnings deceleration risks from management commentary
Trigger: Annual maintenance shutdowns of IPP and captive power units
Impact: -150 bps margin impact
Management view: The quarter was impacted by the annual maintenance shutdown of the ipp, the shutdown of one captive power unit for equipment replacement and a period of subdued metal and energy prices.
Monitor: Plant uptime %
Trigger: Steel prices reaching bottomed-out levels
Impact: -200 bps margin impact
Management view: Steel had gone down bottomed out almost because lowest prices. So that is an effect of third quarter.
Monitor: Steel price index
Key quotes from recent conference calls
“We have spent more than 400 crores already in the nine months. And what we had given the guidance of 500 to 600 crores we should be able to comfortably achieve somewhere in the range of 550 to 600. 600 crores approximately. — Pankaj Sarda”
“The tariff has been fixed at 7.42 per unit providing long term revenue visibility and further strengthening the quality of our energy portfolio. — Unidentified Participant”
“Approval to enhance the capacity of The Gare Palma 4×7 coal mine from 1.68 million tonnes to 1.8 million tons is at the final stage and is expected shortly. — Unidentified Participant”
“Steel had gone down bottomed out almost because lowest prices. So that is an effect of third quarter... Thermal price will also go up average. We are considering price first quarter again will be much higher. — Unidentified Participant”
Forward-looking targets from management for FY26
Implied PAT Growth
15%
Capex Plan
₹600 Cr
Key Milestones
• Gare Palma mine capacity approval
• Steel price recovery in Q4
• Capex completion of ₹550-600 cr
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Feb 28, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
Sarda Energy & Minerals Ltd's latest quarterly results (Dec 2025) show
Sarda Energy & Minerals Ltd's current PE ratio is 17.1x.
Sarda Energy & Minerals Ltd's price-to-book ratio is 2.5x.
Sarda Energy & Minerals Ltd's fundamental strength based on key financial ratios
Sarda Energy & Minerals Ltd has a debt-to-equity ratio of N/A.
Sarda Energy & Minerals Ltd's return ratios over recent years
Sarda Energy & Minerals Ltd's operating cash flow is positive (FY2025).
Sarda Energy & Minerals Ltd's current dividend yield is 0.29%.
Sarda Energy & Minerals Ltd's shareholding pattern (Dec 2025)
Sarda Energy & Minerals Ltd's promoter holding has remained stable recently.
Sarda Energy & Minerals Ltd is an established outperformer with 1 weeks of consecutive Nifty 500 outperformance.
Sarda Energy & Minerals Ltd has 3 key growth catalysts identified from recent earnings analysis
Sarda Energy & Minerals Ltd has 2 key risks worth monitoring
In Q3 FY26 (ended December 2025), Sarda Energy & Minerals Ltd's management highlighted
Sarda Energy & Minerals Ltd's management has provided the following forward guidance for FY26
Based on quantitative research signals, here is why Sarda Energy & Minerals Ltd may be worth studying
Sarda Energy & Minerals Ltd investment thesis summary:
Sarda Energy & Minerals Ltd's forward outlook based on current data signals
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.
