Shyam Metalics & Energy Ltd.
1,131.50
INR
-68.50
(-5.71%)
Shyam Metalics & Energy Ltd.
NSE:SHYAMMETL
(National Stock Exchange of India)
Recent
price
1,131.50
P/E
ratio
23.58
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yld
- -
ROIC.AI
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- Shyam Metalics and Energy Limited is an integrated metal producer focused on long steel products, ferro alloys, sponge iron, pellets, billets, TMT bars, structural steel, wire rods, pipes, stainless steel, and aluminium foil. The company manufactures intermediate and finished products across the steel value chain, including iron ore pellets, sponge iron, steel billets, thermos-mechanically treated bars, structural products, and ferro alloys such as manganese, chromium, and silicon variants; it also generates captive power through plants with an aggregate capacity of 376 MW. Operations span seven manufacturing plants in West Bengal (three plants), Odisha, Indore, Kharagpur, and Jharkhand, serving customers in northern, eastern, southern, and western India, with significant exports including aluminium foil. Founded in 2002 and headquartered in Kolkata, West Bengal, the company holds leading positions as India's sixth-largest integrated steel producer, one of the largest ferro alloys producers by installed capacity, fourth-largest sponge iron producer, and a top pellet capacity player, with aggregate metal capacity of 15.13 MTPA as of December 2024. It targets infrastructure, construction, engineering, railways, defence, automotive, and real estate sectors through its diversified portfolio. In October 2025, Shyam Metalics announced Vision 2031, a transformative strategy targeting 2.5x topline growth to INR 400 billion by 2031 via INR 100 billion capex, mostly from internal accruals, to expand aggregate capacity from 15 MTPA to 27 MTPA across intermediate and finished products, including specialty steel, stainless steel flats (6.5x current capacity), and aluminium; the plan emphasizes brownfield expansions in West Bengal, Odisha, and Madhya Pradesh, backward integration in mining and energy, export doubling to USD 300 million, and 200-300 basis points EBITDA margin improvement. Recent developments include its subsidiary Shyam Sel and Power Limited acquiring full ownership of Star Metalworks Private Limited in October 2025 for INR 1 million to bolster metal manufacturing capabilities, and Ramsarup Industries Limited (part of the group) preparing to commission a 0.45 MTPA blast furnace and sinter plant by November 2025 with INR 369 crore investment to enhance alloy, carbon, and special steel production. The company also secured iron ore mining assets in Maharashtra and maintains European technology partnerships for value-added products and efficiency gains.