Shyam Metalics & Energy LtdNSE:SHYAMMETL
Current view Q4 2026
Steel sales keep growing fast but profit stayed flat four years while it kept building plants. Latest quarter finally shows profit jumping - a first real hint that spending pays off.
Latest exchange filings last 5 · 5 after Q4 2026
- 16 Sep ’26CRISIL independently assigned Shyam Metalics an ESG rating of 53 on September 15, 2026. ↗
- 7 Sep ’26August 2026 consolidated sales release; aluminium foil plant commissioned in July, now stable. ↗
- 5 Sep ’26On 5 Sep 2026, SMEL granted 11,000 ESOPs to one employee at ₹798.98. ↗
- 3 Sep ’26Company received voluntary ESG rating of 48 on September 3, 2026. ↗
- 31 Aug ’2620,900 options vested to 5 employees under ESIP-2023; 1,04,500 options granted at ₹679.43. ↗
Exchange filings, with the company's own one-line summary, read off the same page as the figures. Screener publishes only the most recent few, so this is the last 5 — not everything filed since your note, and a quiet-looking list is not proof of a quiet quarter. A filing is marked new when it is dated after the end of the quarter your note covers. Not scored, and not a judgement — a routine repayment notice and a takeover sit in the same list.
AI concall report · Q4 2026
The full earnings-call read behind this view — what management promised, what they delivered, and the earning trigger.
Growth Q4 2026
| Metric | This year vs lastYoY · vs Q4 2025 | vs the quarter beforeQoQ, sequential · vs Q3 2026 | 3-year yearly average3Y CAGR · compounded | 5-year yearly average5Y CAGR · compounded |
|---|---|---|---|---|
| Sales | ▲ +26.6% | +18.5% | +13.6% | +24.1% |
| Operating profit | ▲ +41.2% | +49.3% | +16.5% | +12.3% |
| EPS | ▲ +45.8% | +61.7% | +4.7% | +1.2% |
| PAT | ▲ +41.8% | +57.6% | — | — |
Tinted rows drive the Tier. Tier = the weaker of YoY Sales and YoY PAT growth. Here the weaker is Sales at +26.6%, which is ≥ 20% → Tier 1.
QoQ is sequential, not a trend. For most Indian companies the March quarter is seasonally the largest, so a June-quarter fall against it is a calendar effect. Only the YoY column feeds the Tier.
Multibagger potential
Average64/100
Growing, but too slowly to re-price. Profit per share grew 5% a year. A big re-pricing usually needs more than 15% a year, so the score is capped no matter how cheap it looks.
₹1,069 → ₹2,137 needs the P/E at 49× — it is 28× today, and has ranged 8.2× to 62× over the last 5 years. The rest would come from earnings growing as they have.
What you pay for its profitlog scale · 5-year range
Tripling needs 73× — never traded above 62× in 5 years.
Re-rated already, on growth that doesn't fully back it.
How this is calculated
This is arithmetic, not a forecast — Return = ΔEPS × ΔMultiple. It says what would have to be true, not how likely it is, and "earnings keep growing at this rate for three more years" is the assumption doing the most work. This is a mid-cap at ₹29,324 cr, so the odds of a re-rate are not fighting its own size.
Band capped: growth of 4.7% is below the 15% bar a re-rate needs.
Growth rate used: 4.7% — the weakest of EPS / Sales / Op-profit from 3-year EPS CAGR. Latest quarter reads 46%.
How it compares with its rivals Mining & Minerals · 6 of 87 listed
It earns 13% on its capital, fifth of 6, and it is the fifth most expensive of the 6 shown.
| Company | Price | P/E | Size | ROCE | Profitlast qtr | Saleslast qtr |
|---|---|---|---|---|---|---|
| Shyam Metalics | ₹1,095 | 27.2× | ₹30,572 Cr | 13.0% | +18.1% | +23.4% |
| Welspun Corp | ₹2,598 | 29.7× | ₹68,538 Cr | 22.9% | +198.6% | +14.9% |
| APL Apollo Tubes | ₹2,198 | 49.7× | ₹61,036 Cr | 31.8% | +10.9% | +8.4% |
| Ratnamani Metals | ₹2,756 | 44.0× | ₹19,317 Cr | 17.9% | −37.7% | −15.6% |
| Jindal Saw | ₹292 | 28.7× | ₹18,693 Cr | 10.4% | −75.4% | +9.0% |
| Godawari Power | ₹235 | 19.3× | ₹15,801 Cr | 20.5% | +2.7% | +32.3% |
Screener's own peer group, from the request already made for the industry P/E. It serves the industry's largest names by market cap, not companies of a similar size, so treat this as context rather than a like-for-like table; this company is always shown. On a phone the price, size and sales columns are dropped rather than pushed off the edge. Not part of the score.
Business quality to Jun 2026
| Are the margins widening? | yes — a little wider than 3 years earlier | operating margin 12% → 14% over 3 years |
|---|---|---|
| Did the profit turn into cash? | more than all of it — reserves released cash too | 101% last year, 107% over three · free cash flow −₹614 cr, positive in 1 of 5 years |
| Is the growth borrowed? | essentially debt-free | ₹1,005 cr — 0.09× its own equity (was 0.07×) |
| Is it being collected? | collection is steady | 18 days to collect, down 1 in a year · cash cycle 8 days |
| Who has been buying? | the promoters have held steady | promoters 74.6%, 81.6% → 74.6% over 2.8 years · FIIs 3.0% (−0.2) · DIIs 13.8% (+5.0) · shareholders 1,30,019 → 1,00,443 |
| What does it earn on its capital? | earns a fair return on its capital | ROCE 13.0% · ROE 9.7% |
Fetched from the filings, not typed — and deliberately not part of the score. These are the questions the score cannot ask: it reads growth, price and trend, so a company can score well while its profit never becomes cash. Weigh these beside the note, not against the number.
Screener's own checklist not mine, not the score
In its favour
- Company is almost debt free.
Against it
- Stock is trading at 2.62 times its book value
- Company has a low return on equity of 10.2% over last 3 years.
- Dividend payout has been low at 12.5% of profits over last 3 years
Generated by screener.in from a fixed checklist — not written by me and not an input to the score. It is here as a second machine opinion to weigh against the note; where it disagrees with the view above, the note is the considered one.