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    Shyam Metalics and Energy Limited

    India's 6th-largest steel producer; ore-to-metal maker of carbon steel, stainless steel, aluminium.

    Capital Goods
    Industrials
    View SHYAMMETL earnings calls
    ₹970.3
    +6.94% from avg

    Overview

    Price

    ₹970.3

    Market Cap

    ₹28.7k Cr

    Sector

    Capital Goods

    Industrials

    Rank

    3

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital234234255255278278278278
    Reserves2.6k3.4k5.6k7.0k9.4k10.3k10.7k11.2k
    Borrowings1.1k7965431.2k5977891.1k1.0k
    Other Liabilities1.1k9902.0k3.1k4.2k5.0k5.8k7.5k
    Total Liabilities5.1k5.4k8.4k11.6k14.4k16.3k17.9k20.1k
    AssetsFixed Assets2.0k1.8k2.5k3.3k4.0k6.4k6.2k8.1k
    CWIP2355067682.8k3.8k2.7k3.8k2.8k
    Investments1442821.0k1.5k2.3k2.1k2.0k1.6k
    Other Assets2.7k2.8k4.2k4.0k4.4k5.1k6.0k7.6k
    Total Assets5.1k5.4k8.4k11.6k14.4k16.3k17.9k20.1k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating457-911.1k1.6k1.5k1.8k2.0k2.0k
    Cash from Investing-567-420-499-1.8k-1.9k-2.8k-1.9k-1.9k
    Cash from Financing112531-423167424916-36-50
    SummaryCapital Expenditure
    Free Cash Flow-32-655695621-386-93-184-614
    FCF Margin

    Valuation

    Assumptions

    Current — SHYAMMETL
    Price
    ₹970
    EPS (TTM)
    ₹40.24
    PE (TTM)
    24.1
    Profit growth
    7.9%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (21.3×) and current (24.1×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹970
    vs
    Fair value · 15% return
    ₹527
    46%Overvalued

    At 7.9% growth and a 21× exit, ₹970 only delivers your return if you pay ₹527. The price is currently baking in 21% growth.

    EPS grows 7.9%/yr for 5 years, then fades to 6% over 2, exits at 21×.

    YearGrowthEPS (₹)
    FY277.9%43.42
    FY287.9%46.85
    FY297.9%50.55
    FY307.9%54.54
    FY317.9%58.85
    FY327.0% ·fade62.94
    FY336.0% ·fade66.72

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

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