Shyam Metalics and Energy Limited was originally incorporated as Shyam DRI & Power Limited on 10 December 2002 at Kolkata, West Bengal and later changed to Shyam Metalics and Energy Limited on 05 January 2010. The company has emerged as a prominent player in India's steel industry, establishing itself as a comprehensive metal manufacturing enterprise with integrated capabilities across the steel value chain.
Shyam Metalics is the 6th largest metal producing company based in India providing end-to-end solutions with integrated capabilities (Source: CRISIL Report) with a focus on long steel products and ferro alloys. The company's strategic positioning in the market is further strengthened by its diverse product portfolio and significant manufacturing capacity across multiple locations.
Shyam Metalics is primarily engaged in the manufacturing of steel and allied products including pellets, sponge iron, TMT and long products, ferro alloys and generation of power. The company has established a strong foothold in various segments of the steel industry, positioning itself as a comprehensive solutions provider.
We are amongst the largest ferro alloys producers in terms of installed capacity in India, as of March 2024 (Source: CRISIL Report). Additionally, We were one of the leading players in terms of pellet capacity and the 4th largest sponge iron player in the industry in terms of sponge iron capacity in India (Source: CRISIL Report).
The company's diversified product portfolio includes ferro alloys, sponge iron, steel billets, TMT bars, structural products, wire rods, and iron pellets. It produces long steel products, such as iron pellets, sponge iron, steel billets, thermos-mechanically treated bars, structural products, wire rods, and ferro alloys, as well as aluminium and stainless steel products.
We operate seven manufacturing plants across India: three in West Bengal, and one each in Odisha, Indore, Kharagpur, and Jharkhand. The company's manufacturing infrastructure represents a significant investment in production capabilities, with The aggregate installed metal capacity of our manufacturing plants is 15.13 MTPA as of December 31st, 2024(comprising intermediate and final products).
The company has been consistently expanding its manufacturing capabilities through strategic investments and capacity additions. Shyam Metalics and Energy rose 2.41% to Rs 858.80, following the commissioning of a new blast furnace and a sinter plant at its Jamuria facility in West Bengal. This expansion demonstrates the company's commitment to increasing its production capacity to meet growing market demand.
For the quarter ended March 2025, Net profit of Shyam Metalics & Energy rose 1.02% to Rs 218.75 crore in the quarter ended March 2025 as against Rs 216.54 crore during the previous quarter ended March 2024. The company's revenue performance showed positive growth with Sales rose 14.78% to Rs 4139.36 crore in the quarter ended March 2025 as against Rs 3606.20 crore during the previous quarter ended March 2024.
However, for the full financial year 2025, net profit declined 12.24% to Rs 908.10 crore in the year ended March 2025 as against Rs 1034.79 crore during the previous year ended March 2024. Despite this, the company maintained revenue growth with Sales rose 14.72% to Rs 15137.50 crore in the year ended March 2025 as against Rs 13195.22 crore during the previous year ended March 2024.
The company's market capitalization reflects its strong position in the market, with Shyam Metalics & Energy Ltd has a market capitalisation of Rs 23,037 crore. The company has demonstrated consistent dividend distribution, with Shyam Metalics & Energy announced that the Board of Directors of the Company at its meeting held on 28 January 2025, has recommended a Interim dividend of Rs.2.25 per share (i.e.22.5%), subject to the approval of the shareholders.
The company has shown strong operational performance across various product segments. Carbon Steel production rose 4% YoY to 1,36,372 MT and average realisation added 0.51% to Rs 46,265 /MT in April 2025. Additionally, Pellet production soared by 106% (YoY) to 1,04,148 MT in April 2025, while the average realization remained stable, with YoY growth at Rs 8,806 per MT.
The company has also made significant progress in value-added products, with CR Coil/CR Sheets production jumped by 33% (MoM) basis to 10,993 MT in April 2025 in terms of sales volume.
Shyam Metalics continues to pursue ambitious expansion plans to enhance its market position. Shares of Shyam Metalics and Energy Ltd rose on Tuesday, May 20, following the announcement that the company was venturing into the wagon manufacturing sector with a new greenfield facility in Kharagpur, West Bengal. This initiative will be undertaken by its subsidiary, Ramsarup Industries Ltd, and operations are expected to begin by March 2026, unfolding in two distinct phases.
In Phase I, the facility aims to achieve a production capacity of 2,400 wagons annually, which will be expanded in Phase II to offer a total output of 4,800 wagons each year.
The company has also established new production facilities, including a new stainless steel hot rolled coils (HRC) facility at its existing plant in Sambalpur, Odisha as a part of its expansion plan.
Company is almost debt free. This strong financial position provides the company with flexibility to pursue growth opportunities and invest in capacity expansion. The company's financial metrics indicate reasonable performance, with An annual revenue growth of 15% is outstanding, Pre-tax margin of 8% is okay, ROE of 8% is fair but needs improvement.
83.33% of analysts recommend a 'BUY' rating for Shyam Metalics & Energy Ltd. Average target price of ₹992.14 suggests positive market sentiment toward the company's growth prospects.
The company's strategic focus on integrated steel production, continuous capacity expansion, and entry into new business segments like wagon manufacturing positions it well for future growth in India's expanding industrial landscape. With its strong market position, diversified product portfolio, and robust financial foundation, Shyam Metalics & Energy continues to be a significant player in India's steel and metal manufacturing sector.
