SANDUMA

Sandur Manganese & Iron Ores share price & financials

Price
₹195.9
Market cap
₹9.2k Cr
Sector
Metals & Mining

What Sandur Manganese & Iron Ores Limited does

Sandur Manganese & Iron Ores Limited (SMIORE) mines manganese ore and iron ore from leases in Sandur, Ballari district, Karnataka, and runs a downstream ferroalloys (silico-manganese/ferro-manganese) plant, a coke oven plant and captive power units (waste-heat recovery boilers plus solar-wind hybrid renewable capacity) at Vyasankere, Vijayanagara district. In November 2024 it forward-integrated into steel by acquiring Arjas Steel, which manufactures Special Bar Quality (SBQ) steel bars for automotive and industrial customers via BOF route at Arjas Steel and EAF route at its step-down subsidiary Arjas Modern Steel, at plants in Tadipatri (Andhra Pradesh) and Mandi Gobindgarh (Punjab). The group earns by selling manganese and iron ore, ferroalloys, coke, power and SBQ steel bars/value-added downstream products to industrial and OEM customers.

Segments

  • Mining
  • Ferroalloys
  • Coke & Energy
  • Steel (Arjas)
Manganese ore mining capacity
0.599 MTPA
Iron ore mining capacity
4.45 MTPA
Ferroalloys (SiMn/FeMn) capacity
95,000-125,000 TPA
Coke capacity
0.50 MTPA
Steel (Arjas) capacity
0.585 MTPA
Captive/renewable power capacity
~116.3 MW (SMIORE WHRB 32 MW + Renew Sandur solar-wind hybrid 42.9 MW + Arjas WHRB 21 MW + Arjas Amplus solar 20.4 MW)
Founded 1954Headquarters Bengaluru, Karnataka, IndiaEmployees 4,326 (2026-03-31) Company website

Quarterly results

Q1 FY27: revenue up 21.1%, net profit up 36.5% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue260 952 1,321 1,135 1,232 +374%1,209 +27%1,511 +14%1,375 +21%
EBITDA38 240 316 299 273 +618%251 +5%387 +22%343 +15%
Net profit32 137 156 167 139 +334%116 −15%236 +51%228 +37%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −58.3% 1Y

₹200₹300₹400Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹456.2 on 10 Sept 2025 → ₹190.35. High ₹460.75 (11 Sept 2025), low ₹154.85 (12 Sept 2025).

Financials, as filed

Revenue grew 33.8% a year over 3 years, FY23 to FY26. Operating margin widened to 23.8%.

Year endingFY23FY24FY25FY26
Revenue₹2.1k Cr₹1.3k Cr₹3.1k Cr₹5.1k Cr
Operating profit₹393 Cr₹320 Cr₹785 Cr₹1.2k Cr
Operating margin18.5%25.5%25.0%23.8%
Interest₹28 Cr₹20 Cr₹117 Cr₹212 Cr
Depreciation₹64 Cr₹58 Cr₹120 Cr₹212 Cr
Net profit₹271 Cr₹240 Cr₹469 Cr₹658 Cr
Net margin12.7%19.2%15.0%12.9%
Cash from operations₹142 Cr₹153 Cr₹841 Cr₹1.1k Cr
Free cash flow₹-44 Cr₹50 Cr₹753 Cr₹988 Cr
ROCE—15.0%21.0%24.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY19FY22FY23FY24FY25FY26
Equity capital₹9 Cr₹9 Cr₹27 Cr₹162 Cr₹486 Cr₹486 Cr
Reserves₹662 Cr₹1.6k Cr₹1.9k Cr₹2.0k Cr₹2.4k Cr₹2.8k Cr
Borrowings₹0 Cr₹310 Cr₹206 Cr₹133 Cr₹1.9k Cr₹999 Cr
Other liabilities₹191 Cr₹733 Cr₹392 Cr₹302 Cr₹1.0k Cr₹1.3k Cr
Total liabilities₹862 Cr₹2.7k Cr₹2.5k Cr₹2.6k Cr₹5.8k Cr₹5.5k Cr
Fixed assets₹260 Cr₹844 Cr₹878 Cr₹886 Cr₹3.3k Cr₹3.3k Cr
Capital work in progress₹202 Cr₹42 Cr₹67 Cr₹116 Cr₹253 Cr₹142 Cr
Investments₹65 Cr₹376 Cr₹469 Cr₹484 Cr₹267 Cr₹281 Cr
Other assets₹335 Cr₹1.4k Cr₹1.1k Cr₹1.1k Cr₹2.0k Cr₹1.8k Cr
Total assets₹862 Cr₹2.7k Cr₹2.5k Cr₹2.6k Cr₹5.8k Cr₹5.5k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, FIIs added +0.73 pp while the public trimmed −0.71 pp. The shareholder count grew 58% to 87,803.

Promoters
74.2%
FIIs
1.7%
DIIs
0.6%
Public
23.5%

Since Jun 2025

  • FIIs +0.73 pp
  • Public −0.71 pp
  • DIIs −0.01 pp

How it drifted, 12 quarters

Over this window FIIs went from 0.3% to 1.7% — +1.4 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 74.3%, FIIs 0.3%, DIIs 0.6%, Public 24.8%.Dec '23: Promoters 74.2%, FIIs 0.4%, DIIs 1.3%, Public 24.1%.Mar '24: Promoters 74.2%, FIIs 0.7%, DIIs 1.4%, Public 23.7%.Jun '24: Promoters 74.2%, FIIs 0.8%, DIIs 1.4%, Public 23.6%.Sep '24: Promoters 74.2%, FIIs 1.0%, DIIs 1.5%, Public 23.3%.Dec '24: Promoters 74.2%, FIIs 1.1%, DIIs 1.5%, Public 23.2%.Mar '25: Promoters 74.2%, FIIs 1.1%, DIIs 1.4%, Public 23.2%.Jun '25: Promoters 74.2%, FIIs 1.0%, DIIs 0.6%, Public 24.2%.Sep '25: Promoters 74.2%, FIIs 1.0%, DIIs 0.7%, Public 24.1%.Dec '25: Promoters 74.2%, FIIs 1.2%, DIIs 0.7%, Public 23.9%.Mar '26: Promoters 74.2%, FIIs 1.6%, DIIs 0.7%, Public 23.5%.Jun '26: Promoters 74.2%, FIIs 1.7%, DIIs 0.6%, Public 23.5%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Sandur Manganese & Iron Ores Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Skand Private Limited 52.41%unchanged
Lohagiri Industrials Private Limited 18.19%unchanged
Bahirji Ajai Ghorpade 3.15%unchanged
Anand Shankar Mall 1.61%unchanged
Ajai Murar Rao Ghorpade 0.26%unchanged
S Y Ghorpade 0.16%unchanged
Yashodara Devi Shiva Rao Ghorpade 0.04%unchanged
Suryaprabha A Ghorpade 0.01%unchanged
Aditya Shivrao Ghorpade 0.01%unchanged
Ekambar Ajai Ghorpade 0.00%−0.05 pp
Mohammed Abdul Saleem 0.00%unchanged
Dhananjai Shivrao Ghorpade 0.00%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Learn to analyse Sandur Manganese & Iron Ores Limited

Guides on how to read this kind of business and the numbers that matter.