Shyam Metalics and Energy Ltd (SMEL) is a leading integrated manufacturer of long steel products, ferro alloys, ductile iron pipes, and iron ore pellets in India. Headquartered in Sambalpur, Odisha, the company has built a strong presence across key industrial segments with backward integration in mining and captive power. Despite recent sales contraction, SMEL reported strong profit growth in FY25, driven by cost optimization and premium product mix. However, modest return ratios and sector cyclicality warrant a cautious outlook. This article provides a fact-based analysis and realistic share price targets for each year from 2026 to 2030.
Operations: Integrated facilities in Odisha with captive mines and power plants
Ownership: Promoter holding at 74.59% – controlled by the Agrawal family
Listed: Yes – on BSE (543298) and NSE (SHYAMMETL)
Clarifications:
What is the profit of Shyam Metalics? Net profit (TTM) is ₹501 Cr, with EPS of ₹17.96 and 39.33% YoY profit growth—despite a 2.92% sales decline.
Is Shyam Metalics a good investment? Suitable only for high-risk, cyclical investors who believe in India’s infrastructure and steel demand recovery. Not ideal for conservative portfolios.
What is its rank in India? Among top-5 private players in long steel and ferro alloys, but not the largest overall steel producer.
No. 1 steel company in India?Tata Steel and JSW Steel lead in total production; SMEL is a niche player in specialty segments.
Shyam Metalics: Key Financial Snapshot
Metric
Value
Market Capitalization
₹23,928.58 Cr
Current Share Price
₹857
52-Week High / Low
₹1,180 / ₹680
P/E (TTM)
47.74
P/B (TTM)
3.80
Book Value (TTM)
₹225.39
EPS (TTM)
₹17.96
ROE
8.43%
ROCE
11.98%
Dividend Yield
0.52%
Debt
₹202.50 Cr
Cash Reserves
₹30.17 Cr
Sales Growth (YoY)
–2.92%
Profit Growth (YoY)
39.33%
Shareholding Pattern
Category
Holding (%)
Promoters
74.59%
Public (Retail)
13.34%
Domestic Institutions (DII)
8.86%
Foreign Institutions (FII)
3.21%
Others
0%
Note: Strong promoter control ensures strategic continuity, but limits float liquidity.
Cyclical exposure to steel and infrastructure cycles
Low dividend yield (0.52%) – not suited for income investors
Investment Suitability
Factor
Assessment
Risk Profile
High (commodity cycle)
Time Horizon
Long-term (5+ years)
Volatility
High
Dividend/Income
Low (0.52% yield)
Ideal Investor
Cyclical investor bullish on India’s steel and infrastructure story
FAQs
For 2026, a realistic range is ₹880–₹960. By 2030, it could reach ₹1,040–₹1,230.
Top-5 in long steel and ferro alloys, but not among India’s largest steel producers by volume.
₹501 crore net profit (TTM), with 39.33% YoY growth despite falling sales.
Tata Steel and JSW Steel are the largest by production and market cap.
Only for aggressive, long-term investors who understand commodity cycles. Avoid for conservative portfolios.
Final Verdict
Shyam Metalics is a niche, integrated player with strong operational discipline, but its low ROE and cyclical nature limit broad appeal. The recent profit jump is encouraging, but sales contraction raises sustainability questions. Our 2026–2030 price targets (₹880–₹1,230) reflect cautious optimism—assuming infrastructure-led demand recovery. Investors should monitor quarterly volume trends before building positions.
📌 Disclaimer: Price targets are estimates based on current fundamentals and sector trends. They are not investment advice. Please consult a SEBI-registered advisor before investing.
Hi, I’m Raj Mittal, a stock market content writer focused on company analysis, share price trends, and fundamental research. I create simple, research-based insights to help investors make smarter market decisions.
