SARDAEN

Sarda Energy & Minerals share price & financials

Price
₹499.5
Market cap
₹17.5k Cr
Sector
Metals & Mining
Calls analysed
7
Latest concall · Q1 FY27 · call held 03 Aug 2026

Sarda Energy & Minerals Limited Q1 FY27

EBITDA ₹762 cr PAT ₹478 cr +9%Total Income ₹1,717 cr

What went well

  • Highest ever quarterly EBITDA of INR 762 crores.
  • Highest ever quarterly PAT of INR 478 crores, with 9.4% Y-o-Y growth.
  • Energy business contributed nearly 70% of consolidated EBITDA, providing stability.

What to watch

  • Q1 performance impacted by planned maintenance, unplanned outages, and seasonal factors.
  • Sikkim hydropower project was shut down for 18 days due to transmission tower collapse.
Read the full call →

What Sarda Energy & Minerals Limited does

Sarda Energy & Minerals Limited (SEML) came into existence on 2nd August 2007 following a merger, though its roots trace to a Raipur steel unit acquired in 1979. It runs a vertically integrated business spanning three verticals — Minerals (iron ore and coal mining), Energy (thermal, hydro and upcoming solar power) and Metals (steel products and ferro alloys) — with the coal and iron-ore mines feeding its captive power and steel operations. SEML sells commercial power to state discoms and industrial buyers under long-term PPAs, and sells pellets, sponge iron, billets, wire rods, HB wire and ferro alloys (ferro manganese, silico manganese) domestically and for export. The Energy vertical, anchored by the SKS Power thermal plant acquired via an insolvency resolution, has become the company's largest earnings contributor.

Segments

  • Energy
  • Minerals
  • Metals
Installed thermal power capacity
761.5 MW
Installed hydro power capacity
~167-168 MW
Total installed energy capacity
929.5 MW
Coal mining capacity (Gare Palma IV/7)
1.80 MTPA
Iron ore mine capacity (Rajnandgaon)
1.50 MTPA
Coal washery capacity (Raigarh)
1.80 MTPA
Founded 2007 Company website

Guidance record · Q1 FY27

what the last two calls moved 16 tracked 1 delivered 5 missed 10 open
  • Rehar Hydropower Project Commissioning delivered, diluted said Q3 FY25 Promised: 25 MW Operational by end of FY25 Q1 FY27: The project remains operational and contributing to the energy segment's performance.
  • SKS Power PLF went quiet said Q3 FY25 Promised: 80-85% on annual basis Q1 FY27: The annual PLF for FY26 was not reported. Management mentioned 'improvement in the power capacity utilization in our IPP' as a future growth driver but did not address the past target.
  • Captive Solar Power Project Commissioning delayed said Q2 FY25 Promised: 50 MW operational by end of FY25 Q1 FY27: Commissioning delayed again due to right-of-way issues. New target is 'before the end of the next quarter' (Q2 FY27).

All 16 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue down 11.0%, net profit down 17.4% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue763 1,047 1,013 1,307 1,092 +43%918 −12%1,017 +0%1,163 −11%
EBITDA195 306 262 526 332 +70%208 −32%304 +16%442 −16%
Net profit123 189 115 386 240 +95%163 −14%160 +39%319 −17%
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 −9.9% 1Y

₹450₹500₹550₹600Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 12 Nov 2025Q3 FY26 — 9 Feb 2026Q1 FY27 — 3 Aug 2026

1Y: ₹581.55 on 10 Sept 2025 → ₹524.15. High ₹626.15 (15 Sept 2025), low ₹462.4 (20 Jan 2026).

How the price took the results

close before → close after

Q1 FY27
−0.1%
3 Aug
Q3 FY26
−2.9%
9 Feb
Q2 FY26
−0.4%
12 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 1.0% a year over 3 years, FY23 to FY26. Operating margin widened to 31.6%.

Year endingFY23FY24FY25FY26
Revenue₹4.2k Cr₹2.7k Cr₹3.5k Cr₹4.3k Cr
Operating profit₹1.1k Cr₹514 Cr₹955 Cr₹1.4k Cr
Operating margin25.2%18.8%27.4%31.6%
Interest₹125 Cr₹18 Cr₹97 Cr₹132 Cr
Depreciation₹178 Cr₹64 Cr₹150 Cr₹210 Cr
Net profit₹604 Cr₹466 Cr₹608 Cr₹949 Cr
Net margin14.3%17.1%17.4%21.9%
Cash from operations₹380 Cr₹877 Cr₹550 Cr₹1.3k Cr
Free cash flow₹361 Cr₹804 Cr₹275 Cr₹1.3k Cr
ROCE28.0%18.0%17.0%18.0%
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 endingFY21FY22FY23FY24FY25FY26
Equity capital₹36 Cr₹36 Cr₹35 Cr₹35 Cr₹35 Cr₹35 Cr
Reserves₹2.0k Cr₹2.6k Cr₹3.1k Cr₹3.5k Cr₹7.0k Cr₹6.7k Cr
Borrowings₹270 Cr₹171 Cr₹139 Cr₹134 Cr₹2.7k Cr₹1.4k Cr
Other liabilities₹309 Cr₹362 Cr₹263 Cr₹240 Cr₹1.3k Cr₹762 Cr
Total liabilities₹2.6k Cr₹3.2k Cr₹3.5k Cr₹3.9k Cr₹11.0k Cr₹8.9k Cr
Fixed assets₹528 Cr₹589 Cr₹595 Cr₹582 Cr₹6.1k Cr₹3.6k Cr
Capital work in progress₹66 Cr₹68 Cr₹28 Cr₹46 Cr₹400 Cr₹444 Cr
Investments₹913 Cr₹1.2k Cr₹1.1k Cr₹1.4k Cr₹1.8k Cr₹2.3k Cr
Other assets₹1.1k Cr₹1.4k Cr₹1.8k Cr₹1.9k Cr₹2.6k Cr₹2.5k Cr
Total assets₹2.6k Cr₹3.2k Cr₹3.5k Cr₹3.9k Cr₹11.0k Cr₹8.9k 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, the public added +0.63 pp while DIIs trimmed −0.34 pp. The shareholder count grew 6% to 91,188.

Promoters
73.2%
FIIs
3.5%
DIIs
3.5%
Public
19.8%

Since Jun 2025

  • Public +0.63 pp
  • DIIs −0.34 pp
  • FIIs −0.32 pp

How it drifted, 12 quarters

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 72.6%, FIIs 2.7%, DIIs 3.9%, Public 20.7%.Dec '23: Promoters 72.6%, FIIs 2.8%, DIIs 3.9%, Public 20.7%.Mar '24: Promoters 72.6%, FIIs 2.7%, DIIs 3.6%, Public 21.0%.Jun '24: Promoters 72.6%, FIIs 2.5%, DIIs 3.8%, Public 21.1%.Sep '24: Promoters 73.2%, FIIs 2.3%, DIIs 4.3%, Public 20.3%.Dec '24: Promoters 73.2%, FIIs 2.7%, DIIs 4.3%, Public 19.8%.Mar '25: Promoters 73.2%, FIIs 3.5%, DIIs 3.8%, Public 19.6%.Jun '25: Promoters 73.2%, FIIs 3.8%, DIIs 3.8%, Public 19.2%.Sep '25: Promoters 73.2%, FIIs 4.1%, DIIs 2.9%, Public 19.8%.Dec '25: Promoters 73.2%, FIIs 3.5%, DIIs 2.9%, Public 20.4%.Mar '26: Promoters 73.2%, FIIs 3.5%, DIIs 3.3%, Public 20.0%.Jun '26: Promoters 73.2%, FIIs 3.5%, DIIs 3.5%, Public 19.8%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Sarda Energy & Minerals Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Chhattisgarh Investments Ltd. 39.04%unchanged
Sarda Agriculture & Properties Pvt. Ltd. 7.33%unchanged
Prachi Agriculture & Properties Pvt. Ltd. 4.46%unchanged
Ghanshyam Sarda 3.76%unchanged
Uma Sarda 3.43%unchanged
Uma Sarda - Trustee to K K Sarda Family Trust 2.76%unchanged
Anant Sarda 2.23%unchanged
Manish J Sarda 2.14%unchanged
Neeraj Sarda 1.99%unchanged
Pankaj Sarda 1.91%unchanged
Kamal Kishore Sarda 1.60%unchanged
Vipula Sarda 1.18%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.

Mutual funds in SARDAEN

Filings to Aug 2026

0 new, 4 added, 1 trimmed, 0 sold out — net +0.03 L shares (+1.1%).

Held by funds
₹12 Cr
5 schemes
Biggest holder
Nippon India Nifty Smallcap 250 Index Fund
₹7 Cr · 0.2% of that fund
SchemeHoldingLast month
Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund₹7 Cr+0.02 L
SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund₹4 Cr+0.01 L
Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund₹1 Cr+0.00 L
SBI Nifty 500 Index Fund SBI Mutual Fund₹0 Cr−0.00 L
SBI Nifty Small Cap 250 ETF SBI Mutual Fund₹0 Cr+0.00 L

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

4 added, 1 trimmed — net +2,636 shares (+1.1%)

Funds are sitting on
-2%
vs est. average cost
Held by funds
₹12 Cr
5 schemes · ≈ 0.07% of the company
Biggest holder
Nippon India Nifty Smallcap 250 Index Fund
₹7 Cr · 0.2% of that fund

Shares held by these funds +32%

Mar '25 2.44 L shares Jul '26

All earnings calls (7)

Read the Q1 FY27 call →

Learn to analyse Sarda Energy & Minerals Limited

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