Shyam Metalics and Energy Ltd. (SMEL) is a prominent Indian metal-producing company headquartered in Kolkata, West Bengal. The company specializes in the production of long product structural steel, ferro alloys, pellets, and sponge iron, making it a key player in the metals sector. SMEL operates three strategically located manufacturing plants in India: one in Sambalpur, Odisha, and two in West Bengal—Jamuria and Mangalpur. The company made its debut on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) on 24 June 2021. This listing marked a significant milestone for SMEL, reflecting its growing presence and importance in the Indian metal industry.
Shyam Metalics Sees Strong Q1 FY25 Performance: Net Profit Climbs 35% YoY to ₹276 Crore, Revenue Up by 8%
- Q1 FY25 Consolidated Net Profit: Increased by 35.31% year-on-year (YoY) to ₹276.14 crore, compared to ₹204.08 crore in Q1 FY24.
- Revenue from Operations: Rose by 8.36% YoY to ₹3,611.61 crore in Q1 FY25.
- Profit Before Tax (PBT): Jumped by 50.31% YoY to ₹374.13 crore in Q1 FY25.
- Total Expenses: Grew by 7.01% YoY to ₹3,123.88 crore in Q1 FY25.
- Cost of Raw Material Consumed: Increased by 14.18% YoY to ₹2,778.13 crore.
- Employee Benefit Expense: Climbed by 6.23% YoY to ₹108.04 crore.
- Standalone Net Profit: Surged by 47.61% YoY to ₹162.86 crore in Q1 FY25.
- Standalone Revenue from Operations: Decreased by 8.11% YoY to ₹1,558.67 crore in Q1 FY25.
- Company Overview: Shyam Metalics and Energy Ltd. is a prominent integrated metal producer in India, with a focus on long steel products and ferro alloys.
- Industry Standing: Among the top producers of ferro alloys, a key player in pellet capacity, and the fourth largest in sponge iron production in India.
Shareholding Patterns of Shyam Metalics & Energy Ltd
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | |
| Promoters + | 88.35% | 81.62% | 81.62% | 74.59% | 74.59% |
| FIIs + | 0.65% | 1.84% | 1.98% | 2.35% | 2.25% |
| DIIs + | 3.17% | 4.35% | 3.72% | 4.45% | 5.39% |
| Public + | 7.84% | 11.78% | 12.26% | 18.22% | 17.40% |
| Others + | 0.00% | 0.43% | 0.43% | 0.39% | 0.39% |
| No. of Shareholders | 1,46,165 | 1,30,019 | 1,24,167 | 1,22,770 | 1,20,726 |
Over the past year, Shyam Metalics and Energy Ltd. has experienced notable shifts in its shareholding patterns. Promoter ownership has decreased from 88.35% in June 2023 to 74.59% by June 2024, reflecting a reduction in their stake. Foreign Institutional Investors (FIIs) have increased their shareholding from 0.65% to 2.25% during the same period, highlighting growing foreign interest. Domestic Institutional Investors (DIIs) have also raised their stakes from 3.17% to 5.39%, indicating increased institutional confidence. Public shareholding has notably surged from 7.84% to 17.40%, suggesting a rising involvement of retail investors. The proportion held by ‘Others’ has remained stable at around 0.39%. Additionally, the total number of shareholders has declined from 1,46,165 to 1,20,726, which may point to a reduction in the number of individual investors or shareholding accounts.
How to Purchase Shyam Metalics & Energy Ltd Shares in India?
Below are the trading platforms that you can use to purchase Shyam Metalics & Energy Ltd shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
Shyam Metalics & Energy Ltd Share Price Target 2024, 2025 to 2030
Shyam Metalics & Energy Ltd Share Price Target 2024
| When | Maximum Price | Minimum Price |
| August 2024 | 758.05 | 659.18 |
| September 2024 | 788.38 | 685.54 |
| October 2024 | 772.92 | 672.10 |
| November 2024 | 803.83 | 698.99 |
| December 2024 | 811.87 | 705.98 |
In 2024, Shyam Metalics & Energy is projected to experience the following price movements: For August, the stock is expected to reach a maximum price of ₹758.05 and a minimum price of ₹659.18. By December, the maximum price is anticipated to rise to ₹811.87, while the minimum price is expected to be ₹705.98.
Shyam Metalics & Energy Ltd Share Price Target 2025
| When | Maximum Price | Minimum Price |
| January 2025 | 819.99 | 630.76 |
| February 2025 | 828.27 | 637.13 |
| March 2025 | 845.67 | 650.51 |
| April 2025 | 837.30 | 644.07 |
| May 2025 | 812.91 | 625.31 |
| June 2025 | 849.49 | 653.45 |
| July 2025 | 832.83 | 640.64 |
| August 2025 | 858.59 | 660.45 |
| September 2025 | 868.89 | 668.38 |
| October 2025 | 891.48 | 685.76 |
| November 2025 | 913.77 | 702.90 |
| December 2025 | 954.89 | 734.53 |
As we step into January 2025, Shyam Metalics & Energy is projected to reach a maximum price of ₹819.99 and a minimum price of ₹630.76. Moving towards December 2025, the maximum price is anticipated to rise to ₹954.89, while the minimum price is expected to be ₹734.53.
Shyam Metalics & Energy Ltd Share Price Prediction 2026
| When | Maximum Price | Minimum Price |
| January 2026 | 983.54 | 756.57 |
| February 2026 | 958.95 | 737.65 |
| March 2026 | 978.13 | 752.41 |
| April 2026 | 998.09 | 767.76 |
| May 2026 | 988.21 | 760.16 |
| June 2026 | 1,012.91 | 779.16 |
| July 2026 | 993.05 | 763.89 |
| August 2026 | 1,023.77 | 787.51 |
| September 2026 | 1,044.24 | 803.26 |
| October 2026 | 1,071.39 | 824.15 |
| November 2026 | 1,098.18 | 844.75 |
| December 2026 | 1,125.63 | 865.87 |
Shyam Metalics & Energy Ltd Share Price Target 2027
| When | Maximum Price | Minimum Price |
| January 2027 | 1,136.89 | 874.53 |
| February 2027 | 1,166.04 | 896.95 |
| March 2027 | 1,211.51 | 931.93 |
| April 2027 | 1,187.76 | 913.66 |
| May 2027 | 1,153.16 | 887.05 |
| June 2027 | 1,205.05 | 926.97 |
| July 2027 | 1,181.43 | 908.79 |
| August 2027 | 1,217.97 | 936.90 |
| September 2027 | 1,260.59 | 969.69 |
| October 2027 | 1,293.37 | 994.90 |
| November 2027 | 1,325.70 | 1,019.77 |
| December 2027 | 1,358.85 | 1,045.27 |
Shyam Metalics & Energy Ltd Share Price Target 2028
| When | Maximum Price | Minimum Price |
| January 2028 | 1,386.02 | 1,066.17 |
| February 2028 | 1,421.56 | 1,093.51 |
| March 2028 | 1,477.00 | 1,136.16 |
| April 2028 | 1,448.04 | 1,113.88 |
| May 2028 | 1,405.87 | 1,081.44 |
| June 2028 | 1,469.13 | 1,130.10 |
| July 2028 | 1,440.32 | 1,107.94 |
| August 2028 | 1,484.87 | 1,142.21 |
| September 2028 | 1,536.84 | 1,182.18 |
| October 2028 | 1,576.80 | 1,212.92 |
| November 2028 | 1,616.22 | 1,243.24 |
| December 2028 | 1,656.62 | 1,274.33 |
Shyam Metalics & Energy Ltd Share Price Target 2029
| When | Maximum Price | Minimum Price |
| January 2029 | 1,689.76 | 1,299.81 |
| February 2029 | 1,733.08 | 1,333.14 |
| March 2029 | 1,800.67 | 1,385.13 |
| April 2029 | 1,765.37 | 1,357.97 |
| May 2029 | 1,713.95 | 1,318.42 |
| June 2029 | 1,791.08 | 1,377.75 |
| July 2029 | 1,755.96 | 1,350.74 |
| August 2029 | 1,810.26 | 1,392.51 |
| September 2029 | 1,873.62 | 1,441.25 |
| October 2029 | 1,922.34 | 1,478.72 |
| November 2029 | 1,970.40 | 1,515.69 |
| December 2029 | 2,019.66 | 1,553.58 |
Shyam Metalics & Energy Ltd Share Price Target 2030
| When | Maximum Price | Minimum Price |
| January 2030 | 2,060.05 | 1,584.65 |
| February 2030 | 2,112.87 | 1,625.29 |
| March 2030 | 2,195.27 | 1,688.67 |
| April 2030 | 2,152.23 | 1,655.56 |
| May 2030 | 2,089.54 | 1,607.34 |
| June 2030 | 2,183.57 | 1,679.67 |
| July 2030 | 2,140.76 | 1,646.74 |
| August 2030 | 2,206.96 | 1,697.67 |
| September 2030 | 2,284.21 | 1,757.08 |
| October 2030 | 2,343.60 | 1,802.77 |
| November 2030 | 2,402.19 | 1,847.84 |
| December 2030 | 2,462.24 | 1,894.03 |
As we step into January 2030, Shyam Metalics & Energy is expected to reach a maximum price of ₹2,060.05 and a minimum price of ₹1,584.65. By December 2030, the maximum price is projected to rise to ₹2,462.24, while the minimum price is anticipated to be ₹1,894.03.
Financial Condition of Shyam Metalics & Energy Ltd
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 4,376 | 6,297 | 10,394 | 12,610 | 13,195 | 13,474 |
| Expenses + | 3,710 | 4,903 | 7,793 | 11,124 | 11,625 | 11,830 |
| Operating Profit | 666 | 1,394 | 2,601 | 1,486 | 1,570 | 1,644 |
| OPM % | 15% | 22% | 25% | 12% | 12% | 12% |
| Other Income + | 12 | 24 | 59 | 112 | 159 | 180 |
| Interest | 86 | 62 | 23 | 93 | 133 | 123 |
| Depreciation | 297 | 300 | 272 | 463 | 656 | 634 |
| Profit before tax | 295 | 1,055 | 2,364 | 1,042 | 940 | 1,067 |
| Tax % | -15% | 20% | 27% | 19% | -9% | |
| Net Profit + | 340 | 844 | 1,724 | 848 | 1,029 | 1,106 |
| EPS in Rs | 14.56 | 36.1 | 67.61 | 33.62 | 37.07 | 41.69 |
| Dividend Payout % | 0% | 14% | 7% | 5% | 7% |
Over the past five years, Shyam Metalics & Energy Ltd. has navigated significant financial fluctuations while showcasing substantial growth. From March 2020 to March 2024, the company’s sales surged from ₹4,376 crore to ₹13,195 crore, with a modest increase to ₹13,474 crore on a trailing twelve-month (TTM) basis. This impressive revenue growth, however, was accompanied by a sharp rise in expenses, which escalated from ₹3,710 crore to ₹11,625 crore. Despite this, the company’s operating profit margin remained relatively stable around 12%, reflecting efficient cost management amidst rising costs. Operating profit hit a peak of ₹2,601 crore in March 2022 but subsequently decreased to ₹1,570 crore by March 2024, with the TTM operating profit slightly higher at ₹1,644 crore. The company’s other income consistently grew from ₹12 crore to ₹159 crore, positively impacting overall profitability. However, increased interest expenses and higher depreciation costs led to a decline in profit before tax, which fell from ₹2,364 crore in March 2022 to ₹940 crore in March 2024. Despite these challenges, net profit exhibited robust growth, climbing from ₹340 crore in March 2020 to ₹1,029 crore in March 2024, accompanied by a rise in EPS from ₹14.56 to ₹37.07. The dividend payout percentage has varied over the years, reflecting the company’s adaptive financial strategy and fluctuations in profitability.
ICICI Securities Limited on Shyam Metalics and Energy Ltd share price target
ICICI Securities Limited has advised buying Shyam Metalics & Energy Ltd, setting a target price of ₹825.00.
FAQS
What is the expected share price target of Shyam Metalics & Energy Ltd by 2024?
Based on various market analyses and expert opinions, the expected share price target of Shyam Metalics & Energy Ltd by 2024 is around INR 811.87.
What is the share price target for Shyam Metalics and Energy Ltd in 2025?
Based on our analysis, Exide Industries Ltd is anticipated to have a trading range between ₹625.31 and ₹954.89 in the year 2025
What is the share price target for Shyam Metalics and Energy Ltd in 2030?
As per our analysis, Shyam Metalics & Energy Ltd share price target for 2030 would be somewhere between ₹1,584.65 and ₹2,462.24.
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Conclusion
In conclusion, Shyam Metalics & Energy Ltd. has delivered an impressive performance for Q1 FY25, showcasing a substantial 35.31% increase in consolidated net profit, reaching ₹276.14 crore. This remarkable growth highlights the company’s strong operational efficiency and adept cost management. Additionally, the 8.36% rise in revenue to ₹3,611.61 crore reinforces its robust financial standing. The 50.31% surge in profit before tax to ₹374.13 crore reflects the effectiveness of its strategic approach in navigating market dynamics. These results confirm Shyam Metalics & Energy Ltd.’s strong market position and optimistic growth prospects.
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