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8 Nov 2025
Shyam Metalics & Energy Limited - Integrated Steel and Ferro Alloys Manufacturing Plant
📊 Stock Analysis
Complete financial analysis with key metrics and investment outlook
Shyam Metalics & Energy Q2 FY2026 Financial Results
Shyam Metalics & Energy Limited (NSE: SHYAMMETL, BSE: 543299), a leading multi-metal producer engaged in steel, ferro alloys, aluminium, and power, announced its financial results for the quarter ended September 30, 2025, delivering strong growth across all key metrics.
Stock Performance & Key Metrics
As of November 7, 2025:
- Current Price: ₹861
- Market Cap: ₹24,021 Crores
- Stock P/E: 24.8 (Industry P/E: 22.8)
- 52-Week Range: ₹1,001 / ₹628
- Book Value: ₹395 per share
- Dividend Yield: 0.52%
- ROCE: 12.0%
- ROE: 8.99%
- Face Value: ₹10.0
- EPS: ₹34.8
- Debt-to-Equity: 0.10
- Total Debt: ₹1,117 Crores
Q2 FY2026 Consolidated Financial Highlights (₹ in Crores)
| Particulars | Q2 FY26 | Q2 FY25 | YoY Growth | Q1 FY26 | QoQ Growth |
|---|---|---|---|---|---|
| Revenue | 4,457 | 3,634 | +22.6% | 4,419 | +0.9% |
| EBITDA | 609 | 481 | +26.5% | 633 | -3.9% |
| Operating EBITDA | 539 | 409 | +31.9% | 580 | -6.9% |
| EBITDA Margin | 13.7% | 13.2% | — | 14.3% | — |
| Profit After Tax (PAT) | 260 | 216 | +20.8% | 291 | -10.4% |
| PAT Margin | 5.8% | 5.9% | — | 6.6% | — |
> Revenue up 23% YoY and Operating EBITDA up 32% YoY, driven by higher volumes and improved realizations across segments.
Half-Year (H1 FY26 vs H1 FY25)
| Particulars | H1 FY26 | H1 FY25 | Growth |
|---|---|---|---|
| Revenue | 8,876 | 7,246 | +22.5% |
| EBITDA | 1,242 | 1,020 | +21.8% |
| PAT | 551 | 492 | +12.1% |
Segmental Highlights
1. Product Performance
| Product | Realization (₹/Tonne) | YoY Change |
|---|---|---|
| Speciality Alloys | 95,253 | -4.6% |
| Carbon Steel | 41,510 | -3.9% |
| Sponge Iron | 23,394 | -3.8% |
| Iron Pellets | 9,079 | +11.8% |
| Aluminium | 3,88,570 | +12.0% |
| Stainless Steel | 1,31,029 | -4.7% |
> Growth was led by Aluminium (+12%) and Iron Pellets (+12%), offsetting marginal softness in steel prices.
2. Sales Volume Highlights (Tonnes)
| Product | Q2 FY26 | Q2 FY25 | Growth |
|---|---|---|---|
| Speciality Alloys | 54,133 | 52,509 | +3.1% |
| Iron Pellets | 3,07,816 | 2,38,978 | +28.8% |
| Carbon Steel | 4,26,063 | 4,10,778 | +3.7% |
| Stainless Steel | 24,720 | 20,934 | +18.1% |
| Aluminium | 5,274 | 5,107 | +3.3% |
Key Business Highlights
- CRISIL upgrades long-term credit rating to AA+ (Stable), citing strong financial discipline and diversified product mix.
- Volumes grew 24% YoY, driven by expansion in value-added steel and aluminium categories.
- Operating EBITDA improved 32% YoY, supported by efficiency in cost management and higher contribution from aluminium operations.
- The company continues to maintain a low-leverage balance sheet with robust liquidity.
Management Commentary
> “We are pleased to share that Shyam Metalics has delivered a strong performance in Q2 FY26, reflecting our focus on operational excellence and disciplined growth. Revenue grew 23% to ₹4,457 Cr while Operating EBITDA rose 32% to ₹539 Cr. The upgrade to CRISIL AA+ (Stable) reaffirms our financial strength and governance,” said Mr. Brij Bhushan Agarwal, Chairman & Managing Director, Shyam Metalics & Energy Ltd.
Outlook
The company expects sustained momentum in steel and aluminium demand driven by infrastructure, auto, and construction sectors. With a robust product mix, efficient cost structure, and strong credit profile, Shyam Metalics remains well-positioned for consistent long-term growth.
*Results approved by the Board on November 8, 2025 | Source: https://www.bseindia.com/xml-data/corpfiling/AttachLive/e7647372-3a9e-412b-9067-e3c66d99e7f3.pdf*
