# Sarda Energy & Minerals share price today (Sarda Energy & Minerals Ltd, NSE: SARDAEN)

> Sarda Energy & Minerals share price today: ₹429.35 at the NSE close on 3 November 2026, down 18.9% in a year. Sarda Energy & Minerals (NSE: SARDAEN) is worth ₹15,125 crore, trades at a P/E of 13.7 and has closed between ₹429.35 and ₹599.20 over the past 52 weeks. > Sarda Energy & Minerals Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. SARDAEN · Mining/Minerals - Iron Ore · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/sarda-energy-minerals-ltd

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## Key numbers

- Business trend: Slowing from a peak, from the last 12 quarters
- Price: ₹429.35 (−18.9% in a year)
- P/E: 13.7× (higher than 56% of the last 11 years)
- Revenue (Sep 2026): ₹1,453 Cr (−4.9% on a year ago)
- Profit (Sep 2026): ₹320 Cr (−2.4% on a year ago)
- Operating margin: 35.0% (+1.0 points on a year ago)
- ROCE: 17%, FY26
- ROIC: 14.2%, against a 12.0% cost of capital: +2.2 points

The main question: yearly earnings per share moved +58.0% while the share price moved −18.9%. ## What is the Sarda Energy & Minerals share price today? Sarda Energy & Minerals Ltd's share price was ₹429.35 at the close on 3 November 2026. It has been falling for 15 weeks. That is 15.4% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹429 and ₹599, and at that close it was at the low of that range. 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 +4,453% 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. ## What are Sarda Energy & Minerals' latest quarterly results? 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

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹1,453 crore | ₹1,528 crore | −4.9% |
| Profit | ₹320 crore | ₹328 crore | −2.4% |
| Earnings per share | ₹8.68 | ₹9.17 | −5.3% |
| Operating margin | 35.0% | 34.0% | +1.0 points |

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.)

## What is the Sarda Energy & Minerals share price history? Sarda Energy & Minerals closed at ₹429.35 on 3 November 2026, down 18.9% from ₹529.50 a year earlier (31 October 2025) and up 366.3% 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

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹443.95 | −3.3% |
| 1 month ago · 1 Oct 2026 | ₹494.75 | −13.2% |
| 6 months ago · 30 Apr 2026 | ₹591.55 | −27.4% |
| 1 year ago · 31 Oct 2025 | ₹529.50 | −18.9% |
| 3 years ago · 3 Nov 2023 | ₹215.65 | +99.1% |
| 5 years ago · 4 Nov 2021 | ₹92.08 | +366.3% |
| 10 years ago · 4 Nov 2016 | ₹24.97 | +1,619.5% |
| Earliest weekly close in our records · 4 Mar 2016 | ₹9.43 | +4,453.0% |
| Highest weekly close since March 2016 · 29 Aug 2025 | ₹598.35 | −28.2% |
| Lowest weekly close since March 2016 · 11 Mar 2016 | ₹9.30 | +4,516.7% |
| 52-week high (weekly close) · 29 Apr 2026 | ₹599.20 | −28.3% |
| 52-week low (weekly close) · 3 Nov 2026 | ₹429.35 | 0.0% |

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 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (563 weekly closes from 4 March 2016 to 3 November 2026.)

## What is the latest news on Sarda Energy & Minerals? 3 Nov 2026: Sarda Energy & Minerals closed at ₹429.35, down 3.3% on the week and down 13.2% 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. ## What dividend does Sarda Energy & Minerals pay? Sarda Energy & Minerals paid ₹2 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.47% at the ₹429.35 close on 3 November 2026. The last was a dividend of ₹2 a share, ex-date 14 August 2026. ### Sarda Energy & Minerals dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 14 Aug 2026 | ₹2 | Dividend | same day |
| 22 Aug 2025 | ₹1.50 | Dividend | same day |
| 30 Aug 2024 | ₹1 | Dividend | same day |
| 8 Sep 2023 | ₹1.50 | Dividend + Special | same day |
| 5 May 2022 | ₹7.50 | Interim | 6 May 2022 |
| 18 Aug 2021 | ₹7.50 | Dividend | n/a |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

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 4 November 2026.)

## What did Sarda Energy & Minerals management say on the latest results call? 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](https://files.tijorifinance.com/insight/india/640/Conference Call/CC-Aug26.pdf). (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.)

## What to watch in Sarda Energy & Minerals' next results? 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. - What to check (from the call)
- Q2 power generation and operating performance should improve after better rainfall and restored Sikkim operations; check whether the expected uplift appears. - Replacement captive unit to reach stable commercial operation and lift steel volumes; check billets, wire rod, and other metal output. - Solar project to clear railway right-of-way and reach commissioning before next quarter-end; check project status. - Mineral wool equipment bottleneck to clear during the ramp; check capacity utilisation, sales conversion, and progress toward profitability. ## Which stock lists is Sarda Energy & Minerals on? Sarda Energy & Minerals is on 3 of our India lists: 52 week high & low, Small & mid cap stocks and Copper & metal stocks. - [52 week high & low 52-week position: At 52-week low](https://www.sectoralpha.in/52-week-high-stocks-india)
- [Small & mid cap stocks Size rank in India: 419](https://www.sectoralpha.in/small-cap-stocks-india)
- [Copper & metal stocks Group on the list: Iron ore and other metal ores](https://www.sectoralpha.in/copper-stocks-india)

## Is Sarda Energy & Minerals profitable? 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. 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. ## How much revenue does Sarda Energy & Minerals make, and is it growing? 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. 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). ## How much of every ₹100 of sales does Sarda Energy & Minerals keep? 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. 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. ## Is Sarda Energy & Minerals' profit turning into cash? 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. 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. ## Where does Sarda Energy & Minerals' cash go? 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. 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. ## What is Sarda Energy & Minerals' P/E ratio, and how does it compare with its own history? Sarda Energy & Minerals Ltd's P/E is 13.7×, in the middle of its own history: higher than 56% 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. Why the multiple is where it is: over the past year earnings per share moved +58.0% while the price moved −18.9%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +36.1% a year; about +17.6% a year came from earnings growth and about +18.5 percentage points from the multiple (the market paying more); over 10 years the price moved +32.9% a year; about +59.5% a year came from earnings growth and about −26.6 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Sarda Energy & Minerals business getting better or worse? Sarda Energy & Minerals Ltd's business is slowing from a peak. Revenue, profit and EPS growth have slowed sharply (revenue growth from +43.0% at its peak to −2.2% now), while ROCE is still 18.0%. This is based on 12 quarters of 4 measures. Why it matters: slowing from a peak is where good stories often end quietly. ## What is Sarda Energy & Minerals management's track record? Sarda Energy & Minerals (SEML) has maintained a strong track record of meeting operational and financial guidance. The company successfully commissioned the 24.9 MW Rehar Hydro project and achieved significant deleveraging, reducing consolidated net debt from ~₹1,500 Cr in March 2025 to under ₹500 Cr by December 2025. While October to December 2025 profit (₹190 Cr) saw a sequential dip, it was attributed to planned maintenance shutdowns of a 300 MW IPP unit and a 30 MW captive unit, which was communicated in advance. 9M FY26 profit grew 59% on a year earlier to ₹954 Cr, reflecting robust execution. ### Regulatory and governance record

Search failed: SARDAEN/red flags: insufficient evidence (sources=0, findings len=0)

(Checked 20 April 2026.)

## How much does Sarda Energy & Minerals earn on its capital? Sarda Energy & Minerals Ltd earned a ROCE of 17% in FY26. That is up from a low of 6% in FY16. Its return on capital used (ROIC) is 2.2 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 19.5% net margin and 0.50× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 19.5% net margin × 0.50× asset turnover × 1.54× leverage (assets divided by equity) ≈ 15.0% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 14.2% − 12.0% = +2.2 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error. ## Does Sarda Energy & Minerals have too much debt? Sarda Energy & Minerals Ltd has total debt of ₹2,632 Cr against shareholder equity of ₹7,476 Cr as of Jun 2026, so its debt is 0.35× its equity. Year by year, that ratio went from 0.52 in FY22 to 0.35 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the Sarda Energy & Minerals shareholding pattern? Foreign institutions raised their stake in Sarda Energy & Minerals Ltd by 1.3 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 3.6% of the company. Domestic institutions moved −0.8 points over the same period, to 3.5%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: +1.3 points over 8 quarters, to 3.6%; Domestic institutions: −0.8 points over 8 quarters, to 3.5%; Promoters: +0.0 points over 8 quarters, to 73.2%. Why the owners changed: foreign institutions drove it (+1.3 points), with the other side taken by domestic institutions (−0.8 points). They raised their stake step by step. ## How far is Sarda Energy & Minerals from balance-sheet trouble? For Sarda Energy & Minerals Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Sarda Energy & Minerals rank in its industry? 44.8 out of 100, rank 5 of 6 in Mining/Minerals - Iron Ore, with 93% of the evidence available. Sarda Energy & Minerals Ltd scores 44.8 out of 100 against the 6 companies it is compared with in Mining/Minerals - Iron Ore, ranking 5. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 8.6 + 12.8 + 12.7 + 10.7 = 44.8. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Sarda Energy & Minerals compared with? Sarda Energy & Minerals ranks 5 of 6 Mining/Minerals - Iron Ore companies on the 4-Factor Sector Score, with 44.8 out of 100. 1. [Jayaswal Neco Industries Ltd](https://www.sectoralpha.in/stocks/jayaswal-neco-industries-ltd) JAYNECOIND · breaking out · Most evidence points up · 93% evidence 71.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.2/35 · Revenue 18.3% · Profit 82.8% · Operating margin change 2 points · 100% evidence Capital efficiency 14.1/25 · ROCE 20.7% · Operating margin 20% · 100% evidence Valuation 12.3/20 · P/E 12.1× · PEG 0.62 · 65% evidence Relative strength 18.2/20 · Lead over its industry 11.7% · Lead over NIFTY 500 5.7% · 1 year 12.1% · 100% evidence · 5 of 12 weeks ahead Exact sum: 27.2 + 14.1 + 12.3 + 18.2 = 71.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Lloyds Metals & Energy Ltd](https://www.sectoralpha.in/stocks/lloyds-metals-energy-ltd) LLOYDSME · losing its lead · Most evidence points up · 71% evidence 69.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.9/35 · Revenue 100% · Profit 100% · Operating margin change 5 points · 83% evidence Capital efficiency 19.5/25 · ROCE 27.3% · Operating margin 38% · 76% evidence Valuation 8.5/20 · P/E 21.6× · PEG n/a · 15% evidence Relative strength 17.1/20 · Lead over its industry 29.2% · Lead over NIFTY 500 22% · 1 year 39.8% · 100% evidence · 5 of 12 weeks ahead Exact sum: 23.9 + 19.5 + 8.5 + 17.1 = 69 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. [Sandur Manganese & Iron Ores Ltd](https://www.sectoralpha.in/stocks/sandur-manganese-iron-ores-ltd) SANDUMA · quiet · Evidence leans up · 96% evidence 57.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.9/35 · Revenue 45.2% · Profit 46.1% · Operating margin change -1 points · 88% evidence Capital efficiency 16.9/25 · ROCE 24.2% · Operating margin 25% · 100% evidence Valuation 15.7/20 · P/E 10.6× · PEG 0.33 · 100% evidence Relative strength 1.8/20 · Lead over its industry -13.2% · Lead over NIFTY 500 -17.2% · 1 year -25.3% · 100% evidence · 0 of 12 weeks ahead Exact sum: 22.9 + 16.9 + 15.7 + 1.8 = 57.3 · What this means: Earnings are strong; relative strength in its sector is -13.2% and the one-year return is -25.3%. 4. [NMDC Ltd](https://www.sectoralpha.in/stocks/nmdc-ltd) NMDC · quiet · Evidence leans up · 96% evidence 50.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.3/35 · Revenue 27.3% · Profit 14.2% · Operating margin change -1 points · 88% evidence Capital efficiency 19.6/25 · ROCE 27.6% · Operating margin 36% · 100% evidence Valuation 9.9/20 · P/E 7.9× · PEG 1.58 · 100% evidence Relative strength 4.4/20 · Lead over its industry -9% · Lead over NIFTY 500 -13.5% · 1 year -11.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.3 + 19.6 + 9.9 + 4.4 = 50.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. Sarda Energy & Minerals Ltd this page SARDAEN · quiet · Evidence leans down · 93% evidence 44.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 8.6/35 · Revenue -2.2% · Profit 7.3% · Operating margin change 1 points · 100% evidence Capital efficiency 12.8/25 · ROCE 16.9% · Operating margin 35% · 100% evidence Valuation 12.7/20 · P/E 14.1× · PEG 0.48 · 65% evidence Relative strength 10.7/20 · Lead over its industry -5.8% · Lead over NIFTY 500 -10.4% · 1 year -16.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 8.6 + 12.8 + 12.7 + 10.7 = 44.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Godawari Power & Ispat Ltd](https://www.sectoralpha.in/stocks/godawari-power-ispat-ltd) GPIL · quiet · Evidence leans down · 96% evidence 36.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 11.6/35 · Revenue 8.4% · Profit 8.8% · Operating margin change -5 points · 88% evidence Capital efficiency 10.7/25 · ROCE 20.5% · Operating margin 19% · 100% evidence Valuation 11.9/20 · P/E 15.8× · PEG 0.31 · 100% evidence Relative strength 2.2/20 · Lead over its industry -16.3% · Lead over NIFTY 500 -20.4% · 1 year -32% · 100% evidence · 0 of 12 weeks ahead Exact sum: 11.6 + 10.7 + 11.9 + 2.2 = 36.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Mining/Minerals - Iron Ore](https://www.sectoralpha.in/sectors/mining-minerals-iron-ore), all 6 compared on one page. ## Which companies are close to Sarda Energy & Minerals in size? Sarda Energy & Minerals is the 3rd largest of 6 Mining/Minerals - Iron Ore companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Lloyds Metals & Energy and NMDC. Just below it: Godawari Power & Ispat, Jayaswal Neco Industries and Sandur Manganese & Iron Ores. ### Mining/Minerals - Iron Ore companies close in size

1. [Lloyds Metals & Energy Ltd](https://www.sectoralpha.in/stocks/lloyds-metals-energy-ltd) ₹1,02,773 crore
2. [NMDC Ltd](https://www.sectoralpha.in/stocks/nmdc-ltd) ₹59,204 crore
3. Sarda Energy & Minerals Ltd ₹15,535 crore
4. [Godawari Power & Ispat Ltd](https://www.sectoralpha.in/stocks/godawari-power-ispat-ltd) ₹12,987 crore
5. [Jayaswal Neco Industries Ltd](https://www.sectoralpha.in/stocks/jayaswal-neco-industries-ltd) ₹8,454 crore
6. [Sandur Manganese & Iron Ores Ltd](https://www.sectoralpha.in/stocks/sandur-manganese-iron-ores-ltd) ₹7,861 crore

[All 6 Mining/Minerals - Iron Ore companies, largest first](https://www.sectoralpha.in/sectors/mining-minerals-iron-ore#all-companies)

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3. Sarda Energy & Minerals Ltd ₹15,535 crore
4. [Fine Organic Industries Ltd](https://www.sectoralpha.in/stocks/fine-organic-industries-ltd) ₹15,480 crore · Chemicals - Organic
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## What else do people ask about Sarda Energy & Minerals? ### What is Sarda Energy & Minerals's share price today? Sarda Energy & Minerals Ltd's share price is ₹429.35, −18.9% over the past year. The whole company is worth ₹15,125 Cr on the market. It is at its lowest price of the past 52 weeks (range ₹429 to ₹599), 15.4% below its 200-day average. The price has been falling for 15 weeks (as of 3 November 2026). ### What were Sarda Energy & Minerals's latest quarterly results? Sarda Energy & Minerals Ltd reported revenue of ₹1,453 Cr and net profit of ₹320 Cr for the Sep 2026 quarter. Revenue fell 4.9% and profit fell 2.4% compared with a year earlier. Earnings per share were ₹8.68 (as of 3 November 2026). ### What is Sarda Energy & Minerals's market cap? Sarda Energy & Minerals Ltd's market capitalisation is ₹15,125 Cr at a share price of ₹429.35. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Sarda Energy & Minerals performing? Sarda Energy & Minerals Ltd's share price has been falling for 15 weeks. In its latest quarter, revenue fell 4.9% and profit fell 2.4% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 3 weeks running (as of 3 November 2026). ### Will Sarda Energy & Minerals's share price go up? This page does not forecast Sarda Energy & Minerals Ltd's share price. What it shows instead: the share price is ₹429.35, and it has been falling for 15 weeks. Its P/E of 13.7× is higher than 56% of its own last 11 years (as of 3 November 2026). ### Who owns Sarda Energy & Minerals? Promoters own 73.2% of Sarda Energy & Minerals Ltd, foreign institutions 3.6%, domestic institutions 3.5% and the public 19.8% (latest quarter). The biggest change over the last two years: Foreign institutions raised their stake by 1.3 percentage points over 8 quarters (as of 3 November 2026). ### Does Sarda Energy & Minerals have too much debt? Sarda Energy & Minerals Ltd has a moderate amount of debt: its debt is 0.36× its equity, and its operating profit is 7 times its interest bill. FY26 borrowings were ₹2,632 Cr against equity of ₹7,370 Cr. Keep that borrowing in mind when reading the returns on this page (as of 3 November 2026). ### Where is Sarda Energy & Minerals in its business cycle? Sarda Energy & Minerals Ltd's FY26 operating margin was 31.0%, against a 13-year range of 13.0% to 35.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 35.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Sarda Energy & Minerals story? The main question: yearly earnings per share moved +58.0% while the share price moved −18.9%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Sarda Energy & Minerals a stock worth studying right now? What the numbers show: Sarda Energy & Minerals Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Sarda Energy & Minerals share price forecast for 2026? What management itself guided: FY27 power realization generally ₹5-6 per unit; IPP generation and full-year PLF above the prior year. ### Where does this page get Sarda Energy & Minerals' management information? From Sarda Energy & Minerals' results calls, its filings and public records on governance, each dated on the page. Management’s plans are shown as plans, never as results. ## Lists

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