Sarda Energy & Minerals share price today

Sarda Energy & Minerals Ltd's share price was ₹441.20 at the close on 4 November 2026. It has been falling for 15 weeks. That is 13.1% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹441 and ₹599, and at that close it was at the low of that range.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Sarda Energy & Minerals Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 3 weeks running.

Over the last 11 years the share price moved +4,579% while the NIFTY 500 moved +249%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 16 October 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

For July to September 2026 (the quarter ended 30 September 2026), Sarda Energy & Minerals reported revenue of ₹1,453 crore, down 4.9% from ₹1,528 crore a year earlier, and a profit of ₹320 crore, down 2.4% from ₹328 crore.

Sarda Energy & Minerals results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

The newest call in our records is from 3 August 2026, about April to June 2026; a call about these results is not in our records yet.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Sarda Energy & Minerals closed at ₹441.20 on 4 November 2026, down 17.5% from ₹534.85 a year earlier (7 November 2025) and up 379.1% over five years. Its highest weekly close since March 2016 was ₹598.35 on 29 August 2025.

Sarda Energy & Minerals share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

563 weekly closes from 4 March 2016 to 4 November 2026.

4 Nov 2026: Sarda Energy & Minerals closed at ₹441.20, up 0.1% on the week and down 10.8% on the month. Results for July to September 2026: Revenue down 4.9% and profit down 2.4% on a year earlier.

Earlier

• 14 Aug 2026: ex-date for a dividend of ₹2 a share.
• 3 Aug 2026: Sarda Energy & Minerals held its results call for April to June 2026. Management guided: FY27 power realization generally ₹5-6 per unit; IPP generation and full-year PLF above the prior year.

Sarda Energy & Minerals paid ₹2 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.45% at the ₹441.20 close on 4 November 2026. The last was a dividend of ₹2 a share, ex-date 14 August 2026.

Sarda Energy & Minerals dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Sarda Energy & Minerals Ltd paid out 6% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 3 August 2026, Sarda Energy & Minerals' management guided: FY27 power realization generally ₹5-6 per unit; IPP generation and full-year PLF above the prior year.

“All ongoing expansion projects continue to be funded through internal accruals.”Pankaj Sarda, Managing Director, on the call for April to June 2026

What management guided

• Replacement captive unit to begin stable commercial operations by mid-month, supporting higher steel volumes.
• 50 MW captive solar project commissioning before the end of next quarter, subject to railway right-of-way permission.
• SKS brownfield thermal expansion from 600 MW to 1,200 MW: TOR acceptance may take approximately 3 months, followed by 6-8 months for final environmental clearance after public hearing; completion planned FY31.
• Coal roadmap: Gare Palma 4/7 at 1.8 MTPA, Shahpur West 0.6 MTPA, Sinduri 0.6 MTPA provisional, and Gare Palma 4/5 2 MTPA; Shahpur West by end FY27, Bartunga by end next FY.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 3 August 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

When Sarda Energy & Minerals reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: Q2 power generation and operating performance should improve after better rainfall and restored Sikkim operations; check whether the expected uplift appears.

Sarda Energy & Minerals is on 3 of our India lists: 52 week high & low, Small & mid cap stocks and Copper & metal stocks.

Sarda Energy & Minerals Ltd earned ₹320 Cr of net profit in the Sep 2026 quarter, −2.4% on the same quarter a year earlier. Full-year FY26 profit was ₹1,109 Cr. Over 10 years profit has grown 56.0% a year on average. That is 22.0% of the quarter's revenue. The same quarter a year earlier earned ₹328 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹1,109 Cr (+58.0% on the year before).

Why profit moved: revenue changed −4.9% on a year earlier and the margin moved +1.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +14.3% and revenue −2.1%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Sarda Energy & Minerals Ltd reported ₹1,453 Cr of revenue in the Sep 2026 quarter, −4.9% on the same quarter a year earlier. Over 10 years it has grown 14.4% a year on average. The last full year, FY26, came in at ₹5,690 Cr. The last four reported quarters add to ₹5,591 Cr.

Revenue is everything the company billed its customers in the period.

FY26 revenue was ₹5,690 Cr, +22.6% on the year before.

Recent pace: the last four quarters grew −2.1% on average, against 14.4% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew −2.2%, against +19.7% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +7.3%, against +37.7% a year (rolling over).

Sarda Energy & Minerals Ltd's operating margin was 35.0% in the Sep 2026 quarter, 1.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between 13.0% and 35.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +1.8 percentage points on the year while gross margin changed +3.7 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 144% of Sarda Energy & Minerals Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹1,735 Cr of operating cash against ₹1,109 Cr of profit. After ₹340 Cr of spending on assets, ₹1,395 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 144% of profit came in as cash: the cash cycle got 17 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 5.4× depreciation over three years. The next section checks what that spending is building.

Sarda Energy & Minerals Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 96 days in FY26, down from 113 days in FY21. It spent ₹4,328 Cr on assets over the last 3 years. Customers take 18 days to pay, and stock sits for 99 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹5,690 Cr, each day of that cycle ties up about ₹15.6 Cr, so roughly ₹1,497 Cr is tied up in the business at any time.

FY26: customers took 18 days to pay and stock sat for 99 days, about 3.3 months of sales sitting as stock, for a full cycle of 96 days, shorter than FY21's 113.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 99 days. Customers pay about 18 days after that. Suppliers are paid at 22 days. Together that makes the 96-day cycle.

Spending on assets: ₹4,328 Cr over the last 3 years, against ₹795 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹472 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Sarda Energy & Minerals Ltd's P/E is 14.1×, in the middle of its own history: higher than 58% of past readings. Its usual P/E (the middle reading) is 9.9×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.