News

Shyam Metalics shines on commissioning enhanced captive power, sponge iron capacity Shyam Metalics And Energy is currently trading at Rs. 352.45, up by 5.30 points or 1.53% from its previous closing of Rs. 347.15 on the BSE. The scrip opened at Rs. 348.30 and has touched a high and low of Rs. 355.95 and Rs. 348.30 respectively. So far 6560 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 355.95 on 22-Jun-2023 and a 52 week low of Rs. 253.05 on 29-Mar-2023. Last one week high and low of the scri...
Shyam Metalics shines on commissioning enhanced captive power, sponge iron capacity
Shyam Metalics shines on commissioning enhanced captive power, sponge iron capacity
Source: Accord Fintech
22/06/2023 10:06:53 AM
Shyam Metalics and Energy gains despite reporting 40% fall in Q4 consolidated net profit Shyam Metalics and Energy is currently trading at Rs. 307.05, up by 5.40 points or 1.79% from its previous closing of Rs. 301.65 on the BSE. The scrip opened at Rs. 299.05 and has touched a high and low of Rs. 315.00 and Rs. 297.90 respectively. So far 55958 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 334.70 on 03-Jan-2023 and a 52 week low of Rs. 253.05 on 29-Mar-2023. Last one week high and low of the scr...
Shyam Metalics and Energy gains despite reporting 40% fall in Q4 consolidated net profit
Shyam Metalics and Energy gains despite reporting 40% fall in Q4 consolidated net profit
Source: Accord Fintech
25/05/2023 12:53:02 PM
Buy Shyam Metalics and Energy Ltd For Target Rs.296 - ICICI Securities The volume/realisation data of Shyam Metalics and Energy (SMEL) for Apr23’ reveals that the company has made a good start in FY24 despite price/demand headwinds, particularly in long products. Key points: 1) Volume of metalics and semis rose as newly-commissioned facilities in Dec22’/Jan23’ ramped-up production; 2) rebar volume declined 15% MoM to 103.4kte owing to seasonally lower demand; and 3) aluminium (Al) foils sales volume was down 9% MoM though there is an impressive...
Buy Shyam Metalics and Energy Ltd For Target Rs.296 - ICICI Securities
Buy Shyam Metalics and Energy Ltd For Target Rs.296 - ICICI Securities
Source: ICICI Securities
25/05/2023 11:52:06 AM
Shyam Metalics and Energy zooms on completing acquisition of Mittal Corp Shyam Metalics and Energy is currently trading at Rs. 313.75, up by 22.45 points or 7.71% from its previous closing of Rs. 291.30 on the BSE. The scrip opened at Rs. 307.95 and has touched a high and low of Rs. 318.55 and Rs. 304.00 respectively. So far 62750 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 385.40 on 24-Mar-2022 and a 52 week low of Rs. 273.00 on 20-Jun-2022. Last one week high and low of the sc...
Shyam Metalics and Energy zooms on completing acquisition of Mittal Corp
Shyam Metalics and Energy zooms on completing acquisition of Mittal Corp
Source: Accord Fintech
21/12/2022 11:38:50 AM
Buy Shyam Metalics and Energy Ltd For Target Rs.410 - JM Financial Institutional Securities Subdued quarter; expansions to drive earning trajectory; BUY Shyam Metalics (SMEL) reported an EBITDA of INR2.4bn, significantly lower QoQ. EBITDA/ton stood at INR5.2k for 2QFY23 vs INR13.3k in 1QFY23, primarily impacted due to lower realisations, raw material inflation and high energy cost. SMEL has been handed over the custody and control of Ramsarup Industries Limited through SS Natural Resources Pvt Ltd an SPV wherein the company holds 60% stake. The impact of the resolution plan has b...
Buy Shyam Metalics and Energy Ltd For Target Rs.410 - JM Financial Institutional Securities
Buy Shyam Metalics and Energy Ltd For Target Rs.410 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
2/12/2022 2:33:10 PM
Buy Shyam Metalics and Energy Ltd For Target Rs.463 - JM Financial Institutional Securities In line performance; expansions to drive earning trajectory; BUY Shyam Metalics (SMEL) reported an EBITDA of INR6.1bn, broadly in line with JMfe. EBITDA/ton stood at INR13.3k for 1QFY23 vs INR15.7k in 4QFY22, primarily impacted due to higher raw mat. cost. SMEL has now had six consecutive strong quarters of INR6bn+ EBITDA. The company declared an interim dividend of INR1.8 per share during the quarter and maintains a net cash balance sheet position. SMEL has been handed over the custody an...
Buy Shyam Metalics and Energy Ltd For Target Rs.463 - JM Financial Institutional Securities
Buy Shyam Metalics and Energy Ltd For Target Rs.463 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
4/08/2022 2:33:24 PM
Shyam Metalics Q4 net profit down 45.94% at Rs 116.11 cr The company reported standalone net profit of Rs 116.11 crore for the quarter ended March 31, 2022 as compared to Rs 214.78 crore in the same period last year, registering a year-on-year decline of 45.94 per cent. Net revenue of the company rose moderately by 9.90 per cent at Rs 1,182.11 crore in January-March quarter of this fiscal as against Rs 1,075.67 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 18.29 per cent to Rs 927.92 c...
Shyam Metalics Q4 net profit down 45.94% at Rs 116.11 cr
Shyam Metalics Q4 net profit down 45.94% at Rs 116.11 cr
Source: Dion Global Solutions Ltd
19/05/2022 11:43:24 AM
Buy Shyam Metalics and Energy Ltd For Target Rs.480 - JM Financial Services Diverse value chain, growth capex to drive earnings Shyam Metalics and Energy Limited (SMEL) announced a fresh capex plan aggregating INR9.9bn in addition to the ongoing capex of ~INR30bn to further improve backward integration at its steel plants. The company plans to add a) pellet capacity of 1.2 mtpa each at Jamuria and Sambalpur – INR3.6bn b) 450ktpa coke oven plant to improve yield of blast furnace – INR4.5bn and c) doubling of captive railway lines at both Jamuria and Sam...
Buy Shyam Metalics and Energy Ltd For Target Rs.480 - JM Financial Services
Buy Shyam Metalics and Energy Ltd For Target Rs.480 - JM Financial Services
Source: JM Financial Services Ltd
23/03/2022 11:43:37 AM
Buy Shyam Metalics and Energy Ltd For Target Rs.400 - ICICI Securities Prudent capital allocation to help RoE Shyam Metalics and Energy Ltd (SMEL) has announced additional capex of ~Rs9.9bn over and above the existing committed capex of ~Rs30bn to be incurred over 3-4 years. The additional capex would be incurred to i) increase its pellet plant capacity by ~2.4mtpa (~1.2mtpa each at Jamuria and Sambalpur plant), ii) set up a coke oven plant with a capacity of ~0.45mtpa and iii) double captive railway siding capacities. The breakup of the capex is i) Rs3.6bn f...
Buy Shyam Metalics and Energy Ltd For Target Rs.400 - ICICI Securities
Buy Shyam Metalics and Energy Ltd For Target Rs.400 - ICICI Securities
Source: ICICI Securities Ltd
19/03/2022 10:16:30 AM
Shyam Metalics shines on getting nod for capital expenditure of Rs 990 crore Shyam Metalics And Energy is currently trading at Rs. 321.40, up by 13.05 points or 4.23% from its previous closing of Rs. 308.35 on the BSE. The scrip opened at Rs. 317.80 and has touched a high and low of Rs. 323.55 and Rs. 315.00 respectively. So far 18310 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 461.15 on 20-Jul-2021 and a 52 week low of Rs. 288.85 on 24-Feb-2022. Last one week high and low of the sc...
Shyam Metalics shines on getting nod for capital expenditure of Rs 990 crore
Shyam Metalics shines on getting nod for capital expenditure of Rs 990 crore
Source: Accord Fintech
16/03/2022 11:28:34 AM
Buy Shyam Metalics and Energy Ltd For Target Rs.400 - ICICI Securities Through cycle RoEs to stay strong; Initiate with a BUY We initiate coverage on Shyam Metalics and Energy Ltd (SMEL) with a BUY rating and a target price of Rs400/share based on 1.17x FY24E P/B (which more than adequately discounts for forecasted 18%+ throughcycle RoE). SMEL is a sponge based long product producer (with coal linkages from MCL/CCL, unintegrated in iron ore which the company procures from Odisha) with sponge iron capacity of ~2.11mtpa as on March 10, 2022. It has pellet capac...
Buy Shyam Metalics and Energy Ltd For Target Rs.400 - ICICI Securities
Buy Shyam Metalics and Energy Ltd For Target Rs.400 - ICICI Securities
Source: ICICI Securities Ltd
15/03/2022 12:01:18 PM
Shyam Metalics zooms on getting nod to increase captive power generation Shyam Metalics And Energy is currently trading at Rs. 343.40, up by 23.95 points or 7.50% from its previous closing of Rs. 319.45 on the BSE. The scrip opened at Rs. 329.00 and has touched a high and low of Rs. 344.00 and Rs. 328.00 respectively. So far 48487 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 461.15 on 20-Jul-2021 and a 52 week low of Rs. 299.25 on 26-Nov-2021. Last one week high and low of the sc...
Shyam Metalics zooms on getting nod to increase captive power generation
Shyam Metalics zooms on getting nod to increase captive power generation
Source: Accord Fintech
28/12/2021 11:35:16 AM
Shyam Metalics and Energy inches up on planning to invest Rs 850 crore in FY22 Shyam Metalics and Energy is currently trading at Rs. 369.10, up by 0.30 points or 0.08% from its previous closing of Rs. 368.80 on the BSE. The scrip opened at Rs. 375.00 and has touched a high and low of Rs. 376.80 and Rs. 369.65 respectively. So far 29895 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 461.15 on 20-Jul-2021 and a 52 week low of Rs. 360.95 on 30-Jun-2021. Last one week high and low of the scr...
Shyam Metalics and Energy inches up on planning to invest Rs 850 crore in FY22
Shyam Metalics and Energy inches up on planning to invest Rs 850 crore in FY22
Source: Accord Fintech
28/09/2021 11:16:26 AM
Shyam Metalics and Energy gains on entering into SPA with Dorite Tracon Shyam Metalics And Energy is currently trading at Rs. 412.90, up by 5.70 points or 1.40% from its previous closing of Rs. 407.20 on the BSE. The scrip opened at Rs. 405.50 and has touched a high and low of Rs. 414.15 and Rs. 405.00 respectively. So far 28523 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 461.15 on 20-Jul-2021 and a 52 week low of Rs. 360.95 on 30-Jun-2021. Last one week high and low of the scr...
Shyam Metalics and Energy gains on entering into SPA with Dorite Tracon
Shyam Metalics and Energy gains on entering into SPA with Dorite Tracon
Source: Accord Fintech
13/09/2021 10:44:56 AM
Quote on Shyam Metalics and Energy Ltd - 1QFY21 - Result Update By Mr. Amarjeet Maurya, Angel Broking Ltd Below are Quote on Shyam Metalics and Energy Ltd - 1QFY21 - Result Update by Mr. Amarjeet Maurya, AVP - Mid Caps, Angel Broking Ltd Shyam Metalics and Energy Ltd (SMEL) 1QFY2021 results outperformed the estimates. The top-line grew by ~170% YoY to Rs2,465cr, mainly due to  strong volume growth of ~37% and improvement in realisation. On the operating front, the company reported margin improvement (OPM up by 1,120bp YoY to 27.9%), primarily on account of lo...
Quote on Shyam Metalics and Energy Ltd - 1QFY21 - Result Update By Mr. Amarjeet Maurya, Angel Broking Ltd
Quote on Shyam Metalics and Energy Ltd - 1QFY21 - Result Update By Mr. Amarjeet Maurya, Angel Broking Ltd
Source: Angel Broking Ltd
20/07/2021 1:58:54 PM
Shyam Metalics IPO Receives Stellar Response by Milan Desai, Angel Broking Below are Quote on Shyam Metalics IPO Receives Stellar Response by Milan Desai, Lead Equity Analyst, Angel Broking Shyam Metalics IPO which opened on June 14 has seen stellar response across categories (QIB, NII & Retail) and is slated to end the last day with a commendable oversubscription numbers, giving it the most favoured status among the current lot. The grey market premium has been in the range of Rs130-150 and currently, the IPO is subscribed nearly 116...
Shyam Metalics IPO Receives Stellar Response by Milan Desai, Angel Broking
Shyam Metalics IPO Receives Stellar Response by Milan Desai, Angel Broking
Source: Angel Broking Ltd
16/06/2021 4:09:36 PM
IPO Note - Shyam Metalics and Energy Ltd By Choice Broking Salient features of the IPO: * Integrated metal producing company Shyam Metalics and Energy Ltd. (SMEL), is planning to raise up to Rs. 909cr through an IPO, which opens on 14th Jun. and closes on 16th Jun. 2021. The price band is Rs. 303 - 306 per share. * The issue is a combination of fresh issue and OFS. The company will not receive any proceeds from the OFS portion. Of the net proceeds from the fresh issue, Rs. 470cr will be utilized to repay or prepayment of debt availed by th...
IPO Note - Shyam Metalics and Energy Ltd By Choice Broking
IPO Note - Shyam Metalics and Energy Ltd By Choice Broking
Source: Choice Broking
9/06/2021 3:46:39 PM
Quote on Shyam Metalics IPO by Mr. Yash Gupta, Angel Broking Ltd Below are Quote on Shyam Metalics IPO by Mr. Yash Gupta, Equity Research Associate, Angel Broking Ltd    Shyam Metalic reduces its OFS size by 200Crores is this negative for theIPO? Shyam Metalic IPO is set to open on 14th June 2021. Earlier it was announced that the IPO size would be ₹1109 Crores comprising fresh issue of ₹657 crores and ₹452 crores of offer for sale by promoters/shareholders. There has been a reduction in IPO size to ₹909 crores ...
Quote on Shyam Metalics IPO by Mr. Yash Gupta, Angel Broking Ltd
Quote on Shyam Metalics IPO by Mr. Yash Gupta, Angel Broking Ltd
Source: Angel Broking Ltd
8/06/2021 2:52:10 PM
Shyam Metalics IPO to open on 14th June 2021 By Mr. Yash Gupta, Angel Broking Ltd Below are Quote on Shyam Metalics IPO to open on 14th June 2021 by Mr. Yash Gupta Equity Research Associate, Angel Broking Ltd    After a halt in the IPO market, finally, a good IPO is slated to open on 14th June 2021, We have seen the market continue its uptrend and that is a good opportunity for the companies to get themselves listed on the exchanges. Shyam Metalics and Energy Ltd will be coming up with its IPO which totals ₹909 Crores. The issue w...
Shyam Metalics IPO to open on 14th June 2021 By Mr. Yash Gupta, Angel Broking Ltd
Shyam Metalics IPO to open on 14th June 2021 By Mr. Yash Gupta, Angel Broking Ltd
Source: Angel Broking Ltd
8/06/2021 8:37:58 AM