NSE: SHYAMMETL | BSE: 543299

Mid-range Performer

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843.85 9.05 (1.08%)

60.98% Gain from 52W Low

223.9K NSE+BSE Volume

NSE 11 Apr, 2025 3:31 PM (IST)

23,554.5

Market Cap

High in industry

1.3

Beta 1Year

Very High Volatility

Shyam Metalics and Energy Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for SHYAMMETL, BSE:543299 Shyam Metalics and Energy Ltd.

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Shyam Metalics and Energy Ltd.

28 Oct 2024

843.85

1.08%

Shyam Metalics & Energy Limited

Buy: Shyam Metalics and Energy ...

Hem Securities

Shyam Metalics and Energy Ltd. is trading above all available SMAs

Shyam Metalics and Energy Ltd.

01 Aug 2024

843.85

1.08%

Firm growth trajectory

Buy: Shyam Metalics and Energy ...

ICICI Securities Limited

Shyam Metalics and Energy’s (SMEL) Q1FY25 EBITDA was 11% ahead of our estimates. Key points: Performance was aided by better prices QoQ. Ramp-up of stainless steel (SS) and Aluminum (Al) capacities aided earnings.

Shyam Metalics and E.. has an average target of 890.50 from 2 brokers.

Shyam Metalics and Energy Ltd.

15 May 2024

843.85

1.08%

Surpasses Q4 estimates; capacity ramp-up to maintain earnings momentum

Buy: Shyam Metalics and Energy ...

Target

ICICI Securities Limited

Shyam Metalics and Energy’s (SMEL) Q4FY24 EBITDA was 7% ahead of our estimates. Key points: 1) Rolled steel sales volume rose 12% YoY to the highest-ever level of 381.3kt; 2) realisation was down QoQ across all categories except pellets

Shyam Metalics and Energy Ltd. has gained 36.53% in the last 1 Year

Shyam Metalics and Energy Ltd.

09 Nov 2023

843.85

1.08%

Oct’23 operating numbers: Evident volume growth

Buy: Shyam Metalics and Energy ...

ICICI Securities Limited

Shyam Metalics and Energy’s (SMEL) Oct’23 operating numbers show robust volume growth. Key points: 1) Despite festive season in Oct’23, rebar sales volume rose 19.8% MoM; 2) ferrous alloys’ volume declined due to subdued export markets; and 3) implied revenue for Oct’23 was up 8.5% MoM (1.3% YoY) at INR 9.7bn mainly due to higher volume; 4) another 198kt sponge iron capacity commissioned at Sambalpur and Consent to Operate (CTO) has been applied.

Shyam Metalics and Energy Ltd. is trading above all available SMAs

Shyam Metalics and Energy Ltd.

14 Aug 2023, 12:00AM

843.85

1.08%

Capex is what capex does

Buy: Shyam Metalics and Energy ...

Target

ICICI Securities Limited

We see Shyam Metalics and Energy (SMEL) effectively evolving on its 3C principle: Comprehensive products, Capex focus and Cost efficiencies. The recently announced capex plan of INR 39bn illustrates the company’s sharp focus on both scope and scale.

Shyam Metalics and E.. has an average target of 890.50 from 2 brokers.

Shyam Metalics and Energy Ltd.

29 Jul 2023

843.85

1.08%

New capex, expanding horizons

Buy: Shyam Metalics and Energy ...

ICICI Securities Limited

Shyam Metalics (SMEL) reported robust performance in Q1FY24. Key points: 1) QoQ drop in realisation was partially offset by lower thermal coal prices; 2) rolled products volume was up 36% YoY at 312.8kte; 3) EBITDA margin at 12.2% was at a similar level as Q4FY23; 4) company has announced its new capex plan envisaging INR39.2bn to further increase presence in downstream products.

Shyam Metalics and Energy Ltd. is trading above all available SMAs

Shyam Metalics and Energy Ltd.

07 Jun 2023

843.85

1.08%

Volume growth in value-added products

Buy: Shyam Metalics and Energy ...

ICICI Securities Limited

The volume/realisation data of Shyam Metalics and Energy (SMEL) for May’23 has reinforced our conviction on company’s growth prospects. Key points: 1) Rebar volume rose despite overall weak demand; 2) volume ramp up of aluminium foils and LC ferrochrome may aid margins.

Shyam Metalics and E.. has an average target of 890.50 from 2 brokers.

Shyam Metalics and Energy Ltd.

26 May 2023

843.85

1.08%

See margins improving; company prioritising value over volume

Buy: Shyam Metalics and Energy ...

ICICI Securities Limited

Shyam Metalics and Energy’s (SMEL) Q4FY23 performance was slightly lower than estimates. Key points: 1) EBITDA rebounded 86% QoQ to Rs4.1bn; 2) revenue contribution from finished steel products surged to an all-time high level of 53.5%; 3) pellet and sponge iron volume rose QoQ as capacities commissioned in Dec’22 ramped up.

Shyam Metalics and Energy Ltd. has gained 36.53% in the last 1 Year

Shyam Metalics and Energy Ltd.

09 May 2023

843.85

1.08%

Multi-fold and multi-faceted growth

Buy: Shyam Metalics and Energy ...

ICICI Securities Limited

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.

Shyam Metalics and E.. has an average target of 890.50 from 2 brokers.

Shyam Metalics and Energy Ltd.

16 Mar 2023

843.85

1.08%

Multi-fold and multi-faceted growth potential

Buy: Shyam Metalics and Energy ...

Target

ICICI Securities Limited

We perceive more than 100% upside in Shyam Metalics and Energy’s (SMEL) stock price from CMP on the back of: 1) ramp-up and stabilisation of existing capacities; 2) recent foray into stainless steel and colour-coated steel, which is likely to yield an additional EBITDA of Rs6bn by FY25E.

Shyam Metalics and E.. has an average target of 890.50 from 2 brokers.

VOTE: Is Shyam Metalics and Energy Ltd. worth buying?

108 Votes:

Buy 82.41%

Sell 8.33%

Hold 9.26%

RESEARCH REPORTS

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