Financials Shyam Metalics and Energy Limited Bombay S.E.

Equities

SHYAMMETL

INE810G01011

Iron & Steel

Market Closed - Bombay S.E. Other stock markets 06:00:50 2024-05-31 am EDT			5-day change	1st Jan Change
608.8 ^INR	-1.82%		-4.95%	-2.88%

May. 27	Shyan Metalics Expands Rail Infrastructure of Integrated Steel Plant in Odisha, India	MT
May. 27	Shyam Metalics and Energy Limited Announces the Expansion of Its Rail Infrastructure At Its Integrated Steel Plant Located in Village Pandloi Near Rengali, Sambalpur District, Odisha	CI

Valuation

Fiscal Period: March	2022	2023	2024	2025	2026
Capitalization ¹	92,428	67,048	169,754	-	-
Enterprise Value (EV) ¹	87,744	67,048	165,065	169,754	151,967
P/E ratio	5.26 x	7.9 x	15 x	11.4 x	9.05 x
Yield	1.99%	1.71%	0.57%	0.62%	0.78%
Capitalization / Revenue	0.89 x	0.53 x	1.25 x	0.88 x	0.75 x
EV / Revenue	0.89 x	0.53 x	1.25 x	0.88 x	0.75 x
EV / EBITDA	3.56 x	4.51 x	10.5 x	6.57 x	5.01 x
EV / FCF	15 x	-93.1 x	158 x	53.1 x	30.8 x
FCF Yield	6.69%	-1.07%	0.63%	1.88%	3.25%
Price to Book	1.58 x	0.94 x	1.83 x	1.52 x	1.34 x
Nbr of stocks (in thousands)	255,081	255,081	278,400	-	-
Reference price ²	362.4	262.8	609.8	609.8	609.8
Announcement Date	5/18/22	5/24/23	5/14/24	-	-

¹INR in Million²INR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March	2021	2022	2023	2024	2025	2026
Net sales ¹	-	103,940	126,102	131,952	192,789	225,545
EBITDA ¹	-	25,998	14,859	15,700	25,842	33,862
EBIT ¹	-	23,274	10,228	9,140	21,582	26,697
Operating Margin	-	22.39%	8.11%	6.93%	11.19%	11.84%
Earnings before Tax (EBT) ¹	-	23,642	10,417	9,397	20,173	25,499
Net income ¹	8,434	17,245	8,576	10,348	14,893	18,746
Net margin	-	16.59%	6.8%	7.84%	7.73%	8.31%
EPS ²	-	68.91	33.26	39.46	53.57	67.38
Free Cash Flow ¹	-	6,182	-720.5	1,075	3,196	5,509
FCF margin	-	5.95%	-0.57%	0.78%	1.66%	2.44%
FCF Conversion (EBITDA)	-	23.78%	-	6.96%	12.37%	16.27%
FCF Conversion (Net income)	-	35.84%	-	12.59%	21.46%	29.39%
Dividend per Share ²	-	7.200	4.500	3.500	3.767	4.733
Announcement Date	7/8/21	5/18/22	5/24/23	5/14/24	-	-

¹INR in Million²INR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q4
Net sales ¹	-	24,943	25,778	28,568	32,232	30,852	29,217	33,801	33,068	30,175	35,863
EBITDA ¹	-	6,447	6,250	6,631	6,066	2,436	2,223	4,135	4,048	3,462	3,960
EBIT	-	-	-	-	-	-	-	-	-	-	-
Operating Margin	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-
Net income ¹	4,580	-	-	-	4,148	1,143	672.7	2,612	2,374	1,700	1,778
Net margin	-	-	-	-	12.87%	3.7%	2.3%	7.73%	7.18%	5.63%	4.96%
EPS	19.43	-	-	-	-	-	2.540	-	-	6.700	7.000
Dividend per Share	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	7/20/21	11/8/21	2/9/22	5/18/22	8/2/22	11/9/22	2/14/23	5/24/23	7/27/23	-	-

¹INR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: March	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-
Net Cash position	-	4,685	-	-	-	17,787
Leverage (Debt/EBITDA)	-	-	-	-	-	-
Free Cash Flow ¹	-	6,182	-721	1,075	3,196	5,509
ROE (net income / shareholders' equity)	-	36.4%	13.2%	10.6%	14.6%	16%
ROA (Net income/ Total Assets)	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-
Book Value Per Share ²	-	229.0	281.0	333.0	402.0	455.0
Cash Flow per Share	-	67.50	-	-	-	-
Capex ¹	-	10,714	15,789	21,575	22,275	19,500
Capex / Sales	-	10.31%	12.52%	15.74%	11.55%	8.65%
Announcement Date	7/8/21	5/18/22	5/24/23	5/14/24	-	-

¹INR in Million²INR

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Shyam Metalics and Energy Limited

Trading Rating

Investor Rating

ESG Refinitiv

C-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

609.8 INR

Average target price

722 INR

Spread / Average Target

+18.41%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Iron, Steel Mills & Foundries

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Iron, Steel Mills & Foundries