Shyam Metalics and Energy Ltd

Shyam Metalics and Energy Ltd reported its sales for May 2026, showing a mixed performance across product categories. Stainless Steel sales volume increased by 5.26% YoY with a 32.09% rise in realization. Aluminium Foil saw a 24.60% decrease in volume but a 34.65% increase in realization YoY. Pellet sales volume declined 11.87% YoY, while realization grew 5.10%. Speciality Alloys volume dropped 18.46% YoY, but realization increased 26.49%. Carbon Steel volume decreased 3.81% YoY, with a 2.25% rise in realization. CR Coil/CR Sheets showed a significant 73.32% YoY increase in volume and a 19.23% rise in realization, boosted by the implementation of a color-coated plant.

Shyam Metalics and Energy Limited has been voluntarily assigned an ESG rating of 46 by ESG Risk Assessments and Insights Limited, a SEBI-registered Category I Subscriber-Pays ESG rating provider. The rating is based on publicly available information and data of the company. Shyam Metalics did not engage ESG Risk Assessments and Insights Limited for this rating, which was independently conducted and communicated to the company via email on May 29, 2026. The disclosure is available on the company's website.

Shyam Metalics and Energy Ltd (SMEL) reported a robust Q4 FY26 performance with revenue increasing by 27% YoY to ₹5,240 Cr and profit after tax rising by 42% YoY to ₹312 Cr. The company's EBITDA stood at ₹756 Cr with a margin of 14.4%. Volumes grew by 22% YoY. The board approved a strategic capex of ₹2,700 Cr for the next phase of growth, focusing on value-added and specialty steel segments. The company is progressing with key projects, including Phase 2 operations at the CRM complex in Jamuria and expansion of the aluminium plant at Pakhuria.

Shyam Metalics and Energy Ltd's board recommended a final dividend of ₹2.70 per equity share (27% of face value of ₹10 each) for FY26, subject to shareholder approval. The board also approved audited financial results for Q4 and FY26 with an unmodified audit opinion. Additionally, new projects/expansion plans involving ₹2,700 crore in capital expenditure were approved, to be funded through internal accruals and borrowings. The company appointed M/s. Ernst & Young LLP as Internal Auditors and M/s. BSS & Associates as Cost Auditors for FY27.

Shyam Metalics and Energy Ltd's board approved the audited financial results for FY26, recommending a final dividend of ₹2.70 per share (27% of face value). The company also approved a ₹2700 crore capex plan for new projects and expansion, including a long & speciality wire rod and bar mill in Kharagpur and stainless steel expansion in Sambalpur. M/s. Ernst & Young LLP has been appointed as the Internal Auditors and M/s. BSS & Associates as the Cost Auditors for FY 2026-27.

Shyam Metalics and Energy Ltd approved audited standalone and consolidated financial results for the fourth quarter and financial year ended March 31, 2026. The board recommended a final dividend of ₹2.70 per equity share (27% of face value of ₹10 each) for FY26, subject to shareholder approval. The company also approved new projects/expansion plans involving a capital expenditure of ₹2,700 crore, to be funded through internal accruals and borrowings. Additionally, Ernst & Young LLP was appointed as the Internal Auditors and BSS & Associates as the Cost Auditors for FY 2026-27.

Shyam Metalics and Energy Ltd's board approved a final dividend of ₹2.70 per equity share (27% of face value of ₹10 each) for FY26, subject to shareholder approval. The board also approved financial results for Q4 and FY26 with an unmodified audit opinion. Additionally, new projects/expansion plans were approved, involving a capital expenditure of ₹2,700 crore, funded through internal accruals and borrowings. The company appointed M/s. Ernst & Young LLP as Internal Auditors and M/s. BSS & Associates as Cost Auditors for FY 2026-27.

Shyam Metalics and Energy Ltd's board approved the audited financial results for Q4 and FY26, recommending a final dividend of ₹2.70 per share (27% of face value). The board also approved a ₹2700 crore capex for new projects and expansion, including a Long & Speciality Wire Rod and Bar Mill in Kharagpur and expansion of Stainless Steel facilities in Sambalpur. Additionally, Ernst & Young LLP was appointed as the Internal Auditors and BSS & Associates as the Cost Auditors for FY27.

Shyam Metalics and Energy Ltd. reported its consolidated sales release for April 2026. Stainless Steel sales volume increased by 10.89% YoY, with realizations up by 25.30%. Aluminium Foil sales volume increased by 19.63% YoY, with realizations up by 22.29%. Pellet sales volume increased by 18.59% YoY, with realizations up by 10.36%. Speciality Alloys sales volume decreased by 7.79% YoY, while realizations increased by 16.53%. Carbon Steel sales volume decreased by 12.88% YoY, while realizations increased by 4.74%. CR Coil/CR Sheets sales volume increased by 41.35% YoY, with realizations up by 19.44%.

Shyam Metalics and Energy Limited (SMEL) announced a new ₹2,700 crore strategic growth expansion program, to be funded entirely through internal accruals. This investment is in addition to the company's previously announced ₹16,060 crore capex pipeline, of which ₹8,700 crore has already been deployed. The total capex pipeline now stands at ₹18,760 crore, with the balance to be executed over the next 3-4 years, targeting commissioning by 2029. The expansion aims to deepen SMEL's presence in value-added and specialty steel segments, strengthen stainless downstream capabilities, and shift towards a richer product mix with improved margin potential. Key projects include a ₹900 crore investment in an 8,00,000 TPA Special Bar Quality (SBQ) and Specialty Wire Rod & Bar Mill, and a ₹1,800 crore investment to expand stainless steel capacity and downstream integration.