# Shyam Metalics and Energy (SHYAMMETL) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/shyammetl

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹1,300
- Change: +2.36%
- As of: 2026-11-06
- 1D return: +2.36%
- 5D return: +11.79%
- 1M return: +21.86%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

SHYAMMETL (₹1,300) is in a confirmed bullish trend across daily, weekly, and monthly timeframes, with price trading above all key moving averages and the Supertrend indicator. The trend is established on the daily chart (ADX 31.64) and strong on the monthly horizon (ADX 41.96). Participation remains robust, evidenced by an extreme volume-supported upward move (+2.4%) on 2026-11-02. However, the stock is positioned near the upper end of its recent ranges (+98.1% of the 20-day range), suggesting limited immediate upside room before encountering resistance at ₹1,313.6 (1.05% above) and ₹1,343.5 (3.35% above). Downside risk is monitored via support at ₹1,291.8 (0.63% below) and the pivot level at ₹1,261.9 (2.93% below). Annualized volatility stands at +30.4%, with a maximum historical drawdown of -23.3%. A break below the 20-day EMA or Supertrend would weaken the current bullish structure.

- Trend Structure: Bullish across all horizons; price above all MAs and Supertrend. Daily ADX is 31.64 (established), Monthly ADX is 41.96 (strong).
- Price Positioning: Trading at ₹1,300, near the top of the 20-day (+98.1%), 50-day (+98.3%), and 252-day (+99.1%) ranges.
- Key Levels: Resistance at ₹1,313.6 and ₹1,343.5. Support at ₹1,291.8 and pivot at ₹1,261.9.
- Momentum & Risk: Recent extreme volume spike (+2.4% return, 2.94x volume ratio) on 2026-11-02 confirms participation. Volatility is +30.4%.

- Outside Bar
- Morning Star
- Doji
- Inside Bar

### News Context

Shyam Metalics and Energy reported consolidated Q2 FY2026 results on October 31, 2026, showing a surge in consolidated profit to ₹511 crore and revenue of ₹5,960 crore. The company attributed growth to a 26% increase in volumes, resulting in an EBITDA of ₹822.8 crore. Management announced plans for backward integration by acquiring a 51% stake in Alom Solar Pvt Ltd., with an initial capital expenditure budget of approximately ₹360 crore allocated for the Phutamura Coal Block development, of which Shyam Metalics will contribute ₹183.60 crore. Additionally, the company shifted to straight-line depreciation, reducing depreciation expenses by 48% year-on-year, while first-half capex reached ₹1,291 crore, exceeding 50% of its full-year FY2026 target.

On November 2, 2026, market commentary highlighted these operational metrics alongside technical analysis from a brokerage report. The analyst recommended buying the stock at ₹1,165 with an accumulation point at ₹1,110, citing a steady uptrend since April. This recommendation included specific stop-loss levels and profit-booking targets based on technical resistance and support.

- Q2 FY2026 Financials: Consolidated profit surged to ₹511 crore and revenue hit ₹5,960 crore, driven by a 26% volume increase that yielded an EBITDA of ₹822.8 crore.
- Backward Integration Strategy: Approved acquisition of a 51% stake in Alom Solar Pvt Ltd., with an initial capex budget of ~₹360 crore for the Phutamura Coal Block (company contribution: ₹183.60 crore).
- Capex and Accounting Shift: First-half capex totaled ₹1,291 crore (50% of FY2026 target); shifting to straight-line depreciation reduced depreciation expenses by 48% year-on-year.
- Analyst View (Nov 2): A broker recommended buying at ₹1,165 with accumulation at ₹1,110, citing a steady uptrend since April and defining specific technical stop-loss and profit-booking levels.

- [Sensex today | Stock Market Live: Stock to buy today: Shyam Metalics and Energy](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-2nd-november-2026/article71653748.ece)
- [Shyam Metalics shares may react to higher volume growth, strong Q2 operating performance](https://www.cnbctv18.com/market/shyam-metalics-share-price-ebitda-backward-integration-q2-results-capex-plans-net-debt-alom-solar-20024316.htm)
- [Shyam Metalics Reports Strong Q2: Consolidated Profit Surges To ₹511 Crore, Revenue Hits ₹5,960 Crore, Alom Solar Stake Approved](https://www.freepressjournal.in/business/shyam-metalics-reports-strong-q2-consolidated-profit-surges-to-511-crore-revenue-hits-5960-crore-alom-solar-stake-approved)
- [Q2 Results Today Live: NTPC, Muthoot Finance, Shyam Metalics & Energy, Sarda Energy and Minerals, Zen Technologies, National Securities Depository, Rainbow Childrens Medicare Share to announce Q2 results](https://www.thehindubusinessline.com/markets/q2-results-today-live-updates-ntpc-muthoot-finance-shyam-metalics-amp-energy-sarda-energy-and-minerals-zen-technologies-national-securities-depository-rainbowc-childrens-medicare-company-results-31-oc/article71648157.ece)
- [Q2 Results Highlights 31st Oct: NTPC, Quess Corp, Best Agrolife, Eveready Industries, CDSL, Muthoot Finance, Aditya Birla Fashion post profit growth; IGL, Tilaknagar Industries, Birla Corp report profit decline](https://www.thehindubusinessline.com/markets/q2-results-highlights-ntpc-muthoot-finance-shyam-metalics-amp-energy-sarda-energy-and-minerals-zen-technologies-national-securities-depository-rainbowc-childrens-medicare-company-results-31-oc/article71648157.ece)

### What Changed

On November 6, 2026, Shyam Metalics and Energy (SMEL) reported material improvements in its financial profile and operational capacity. CRISIL Ratings reaffirmed SMEL’s long-term credit rating at 'CRISIL AA+/Stable' and short-term ratings at 'CRISIL A1+', while enhancing total rated bank loan facilities from ₹3,600 crore to ₹4,500 crore. This upgrade reflects a strong consolidated EBITDA growth of 26.2%, rising from ₹1,868 crore in FY2025 to ₹2,358 crore in FY2026, supported by an interest coverage ratio of 12.8 times.

Operationally, the company commissioned a new aluminium foil plant with a capacity of 0.018 MTPA at its Sambalpur location in July 2026, which has since achieved stable operations. The stock price closed at ₹1,300.0 on November 6, 2026, up from ₹1,272.0 previously, indicating positive market sentiment alongside these fundamental developments.

- Credit Rating Enhancement: CRISIL reaffirmed SMEL’s long-term rating as 'CRISIL AA+/Stable' and increased rated bank loan facilities from ₹3,600 crore to ₹4,500 crore on November 6, 2026.
- EBITDA Growth: Consolidated EBITDA rose to ₹2,358 crore in FY2026 from ₹1,868 crore in FY2025, with an interest coverage ratio of 12.8 times.
- Capacity Expansion: A new aluminium foil plant (0.018 MTPA) at Sambalpur was commissioned in July 2026 and is now operating stably.
- Price Movement: The stock price increased to ₹1,300.0 on November 6, 2026, compared to the previous close of ₹1,272.0.

- [Shyam Metalics And Energy Limited has informed the Exchange about Credit Rating |SUBJECT: Credit Rating](https://nsearchives.nseindia.com/corporate/SHYAMMETL_06112026123809_SMELCreditratingintimation06112026.pdf)
- [Shyam Metalics And Energy Limited has informed the Exchange regarding Monthly Business Updates for the month of October 2026 |SUBJECT: Monthly Business Updates](https://nsearchives.nseindia.com/corporate/SHYAMMETL_06112026153110_SalesRelease06112026.pdf)

### Official Filings

Shyam Metalics and Energy Limited (SMEL) reported strong Q2 FY27 financials, with consolidated revenue rising 33.4% to ₹5,960 crore and PAT increasing 96.2% to ₹511 crore on a 26% volume growth to 15.49 lakh tonnes. The company is advancing backward integration by acquiring a 51% stake in Alom Solar Private Limited for ₹51,000 to secure the Phutamura Coal Block, backed by an approved initial Capex budget of approximately ₹360 crore (with SMEL contributing ~₹183.6 crore). Credit ratings were reaffirmed as CRISIL AA+/Stable, supported by consolidated EBITDA growth to ₹2,358 crore in FY2026 and an interest coverage of 12.8 times. Operational expansion continues with a new 0.018 MTPA aluminium foil plant commissioned at Sambalpur in July 2026. Governance updates include the proposed induction of Mr. Debashis Prasad Pattanaik as an LIC nominee director, subject to shareholder approval.

- Q2 FY27 Performance: Consolidated revenue reached ₹5,960 crore (+33.4% YoY) and PAT was ₹511 crore (+96.2% YoY), driven by a 26% increase in sales volume to 15.49 lakh tonnes.
- Backward Integration & Capex: Board approved acquisition of 51% stake in Alom Solar Private Limited for ₹51,000 to secure mining rights for the Phutamura Coal Block (~170 million tonnes reserves); initial Capex budget set at ~₹360 crore, with SMEL's contribution at ~₹183.6 crore.
- Credit Profile: CRISIL reaffirmed long-term rating at 'CRISIL AA+/Stable' and short-term at 'CRISIL A1+', citing consolidated EBITDA growth to ₹2,358 crore in FY2026 and robust debt protection metrics including 12.8x interest coverage.
- Operational Expansion: Commissioned a new 0.018 MTPA aluminium foil plant at Sambalpur in July 2026, achieving stable operations; total bank loan facilities rated enhanced from ₹3,600 crore to ₹4,500 crore.

- [Shyam Metalics And Energy Limited has informed the Exchange about Credit Rating |SUBJECT: Credit Rating](https://nsearchives.nseindia.com/corporate/SHYAMMETL_06112026123809_SMELCreditratingintimation06112026.pdf)
- [Shyam Metalics And Energy Limited has informed the Exchange regarding Monthly Business Updates for the month of October 2026 |SUBJECT: Monthly Business Updates](https://nsearchives.nseindia.com/corporate/SHYAMMETL_06112026153110_SalesRelease06112026.pdf)
- [Shyam Metalics And Energy Limited has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/SHYAMMETL_05112026124437_SMELIntimationofExercise05112026.pdf)
- [Shyam Metalics And Energy Limited has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/SHYAMMETL_04112026160833_SMELIntimationofChangeinRTAAddress.pdf)
- [Shyam Metalics And Energy Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/SHYAMMETL_02112026132932_SMELNewspaperAd02112026.pdf)
- [Shyam Metalics And Energy Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/SHYAMMETL_31102026130218_outcomeofBM.pdf)
- [Financial Result - Sept, 2026 |SUBJECT: Integrated Filing- Financial](https://nsearchives.nseindia.com/corporate/SHYAMMETL_31102026130904_outcomeofBM.pdf)
- [Shyam Metalics And Energy Limited has informed the Exchange about 3. The proposal to acquire a 51% controlling equity stake in Alom Solar Private Limited, On acquisition, Alom Solar Private Limited becomes the Subsidiary of Shyam Metalics and Energy Limited and 4. the Proposal for the initial Capital Expenditure (Capex) budget of approximately ₹360 Crores further Based on the recommendation of the Nomination and Remuneration Committee and subject to approval of Members of the Company, the Board of Directors of the Company, has during their meeting given in-principle approval to the proposal for the induction of Mr. Debashis Prasad Pattanaik as a nominee director |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/SHYAMMETL_31102026131611_outcomeofBM.pdf)
- [Shyam Metalics And Energy Limited has informed the Exchange regarding a press release dated October 31, 2026, titled "Shyam Metalics Reports Phenomenal Growth in Revenue, EBITDA & PAT andSubstantial Growth in RoE & RoCE in Q2 FY27". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/SHYAMMETL_31102026165844_SMELPressRelease31102026.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1750717_31102026051839_WEB.xml)

### Fundamentals

Shyam Metalics and Energy is executing a high-growth expansion phase, evidenced by robust top-line momentum and aggressive capital deployment. In Q2 FY2026-27, revenue from operations rose sequentially to ₹5,960 crore, while net profit surged to ₹511 crore, reflecting strong operational leverage. Year-on-year, sales growth accelerated to 33%, and TTM compounded profit growth reached 40%. The balance sheet reflects this scaling: total assets expanded to ₹23,195 crore as of September 2026, driven by a significant rise in Property, Plant, and Equipment (₹8,880 crore) and Work-in-Progress (₹3,020 crore).

Earnings quality remains solid, with Cash Flow from Operations (CFO) improving to ₹2,024 crore for the year ended March 2026, and CFO/EBITDA recovering to 101% after a dip in the prior year. However, the company is funding this growth through increased borrowings, which rose to ₹1,358 crore by September 2026, alongside a decline in cash reserves to ₹22.1 crore. Working capital efficiency has shifted notably, with Days Payable extending to 133 days and Inventory Days rising to 123 days, resulting in a negative Working Capital Days figure (-11), indicating a structural change in supply chain financing or inventory buildup.

The primary checkpoint for investors is whether the expanding asset base translates into sustained operating margins and if the company can manage interest costs (TTM interest at ₹269 crore) without eroding returns on capital employed.

- Revenue and Profit Surge: Q2 FY2026-27 revenue hit ₹5,960 crore with sequential net profit growth to ₹511 crore; TTM profit growth stands at 40%.
- Aggressive Capex Cycle: Fixed Assets grew to ₹9,032 crore and CWIP to ₹3,020 crore by Sep 2026, signaling active capacity expansion funded partly by debt (Borrowings up to ₹1,358 crore).
- Cash Flow Strength vs. Liquidity Tightening: Annual CFO improved to ₹2,024 crore, but cash reserves dropped sharply to ₹22.1 crore as of Sep 2026, highlighting reliance on external financing.
- Working Capital Shift: Days Payable extended to 133 days and Inventory Days to 123 days, creating a -11 day Working Capital Cycle, which alters traditional liquidity dynamics.

### Bull Case

Shyam Metalics and Energy demonstrates a constructive operating trajectory anchored by strong volume expansion and strategic backward integration. In Q2 FY2026, the company achieved sales of ₹5,960 crore and EBITDA of ₹822.8 crore, driven by a 26% increase in volumes. The approval to acquire a 51% stake in Alom Solar Pvt Ltd., with an initial capex budget of approximately ₹360 crore for the Phutamura Coal Block, signals a move toward supply chain control. Financial efficiency has also improved, as a shift to straight-line depreciation reduced expenses by 48% year-on-year, contributing to a consolidated profit surge to ₹511 crore. Technically, the stock exhibits multi-timeframe bullish momentum, with the Supertrend indicator signaling upward trends on daily, weekly, and monthly charts. The stock has delivered a +54.9% return over the past year and is currently trading at ₹1,300, near resistance levels that could validate further upside if sustained.

- Q2 FY2026 sales reached ₹5,960 crore with a 26% volume growth, supporting EBITDA of ₹822.8 crore.
- Strategic backward integration approved via a 51% stake acquisition in Alom Solar Pvt Ltd., backed by a ₹360 crore initial capex budget for coal mining development.
- Depreciation expenses fell 48% year-on-year due to a shift to straight-line accounting, boosting reported consolidated profit to ₹511 crore.
- Technical structure remains bullish across daily, weekly, and monthly timeframes, with the stock up +54.9% over the last year and trading at ₹1,300.

- [Sensex today | Stock Market Live: Stock to buy today: Shyam Metalics and Energy](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-2nd-november-2026/article71653748.ece)
- [Shyam Metalics shares may react to higher volume growth, strong Q2 operating performance](https://www.cnbctv18.com/market/shyam-metalics-share-price-ebitda-backward-integration-q2-results-capex-plans-net-debt-alom-solar-20024316.htm)
- [Shyam Metalics Reports Strong Q2: Consolidated Profit Surges To ₹511 Crore, Revenue Hits ₹5,960 Crore, Alom Solar Stake Approved](https://www.freepressjournal.in/business/shyam-metalics-reports-strong-q2-consolidated-profit-surges-to-511-crore-revenue-hits-5960-crore-alom-solar-stake-approved)
- [Q2 Results Today Live: NTPC, Muthoot Finance, Shyam Metalics & Energy, Sarda Energy and Minerals, Zen Technologies, National Securities Depository, Rainbow Childrens Medicare Share to announce Q2 results](https://www.thehindubusinessline.com/markets/q2-results-today-live-updates-ntpc-muthoot-finance-shyam-metalics-amp-energy-sarda-energy-and-minerals-zen-technologies-national-securities-depository-rainbowc-childrens-medicare-company-results-31-oc/article71648157.ece)
- [Q2 Results Highlights 31st Oct: NTPC, Quess Corp, Best Agrolife, Eveready Industries, CDSL, Muthoot Finance, Aditya Birla Fashion post profit growth; IGL, Tilaknagar Industries, Birla Corp report profit decline](https://www.thehindubusinessline.com/markets/q2-results-highlights-ntpc-muthoot-finance-shyam-metalics-amp-energy-sarda-energy-and-minerals-zen-technologies-national-securities-depository-rainbowc-childrens-medicare-company-results-31-oc/article71648157.ece)
- [Shyam Metalics And Energy Limited has informed the Exchange about Credit Rating |SUBJECT: Credit Rating](https://nsearchives.nseindia.com/corporate/SHYAMMETL_06112026123809_SMELCreditratingintimation06112026.pdf)
- [Shyam Metalics And Energy Limited has informed the Exchange regarding Monthly Business Updates for the month of October 2026 |SUBJECT: Monthly Business Updates](https://nsearchives.nseindia.com/corporate/SHYAMMETL_06112026153110_SalesRelease06112026.pdf)
- [Shyam Metalics And Energy Limited has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/SHYAMMETL_05112026124437_SMELIntimationofExercise05112026.pdf)
- [Shyam Metalics And Energy Limited has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/SHYAMMETL_04112026160833_SMELIntimationofChangeinRTAAddress.pdf)
- [Shyam Metalics And Energy Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/SHYAMMETL_02112026132932_SMELNewspaperAd02112026.pdf)

### FAQs

**What were Shyam Metalics and Energy's key financial results for Q2 FY2026?**

For the July-September 2026 quarter, the company reported consolidated sales of ₹5,960 crore and EBITDA of ₹822.8 crore. This performance was driven by a 26% increase in volumes. The company also shifted to straight-line depreciation, which reduced depreciation expenses by 48% year-on-year.

**How has the company's credit profile changed recently?**

On November 6, 2026, CRISIL Ratings reaffirmed SMEL’s long-term rating at 'CRISIL AA+/Stable' and short-term ratings at 'CRISIL A1+'. Total bank loan facilities rated were enhanced from ₹3,600 crore to ₹4,500 crore. Consolidated EBITDA increased to ₹2,358 crore in FY2026 from ₹1,868 crore in FY2025, supporting an interest coverage ratio of 12.8 times.

**What strategic investments is the company pursuing?**

SMEL announced plans to acquire a 51% stake in Alom Solar Pvt Ltd. for backward integration into coal mining. An initial capital expenditure budget of approximately ₹360 crore was approved for the Phutamura Coal Block development, with SMEL contributing ₹183.60 crore. Additionally, first-half capex reached ₹1,291 crore, exceeding 50% of the full-year FY2026 target.

**What are the current technical price levels and trends?**

As of November 6, 2026, the stock closed at ₹1,300.0 with a market capitalization of approximately ₹35,450 crore. Technical indicators show a bullish trend across daily, weekly, and monthly timeframes. Immediate resistance is noted at ₹1,313.6, while support levels exist at ₹1,291.8 and ₹1,261.9. The stock has gained +54.9% over the past year.

- [Sensex today | Stock Market Live: Stock to buy today: Shyam Metalics and Energy](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-2nd-november-2026/article71653748.ece)
- [Shyam Metalics shares may react to higher volume growth, strong Q2 operating performance](https://www.cnbctv18.com/market/shyam-metalics-share-price-ebitda-backward-integration-q2-results-capex-plans-net-debt-alom-solar-20024316.htm)
- [Shyam Metalics Reports Strong Q2: Consolidated Profit Surges To ₹511 Crore, Revenue Hits ₹5,960 Crore, Alom Solar Stake Approved](https://www.freepressjournal.in/business/shyam-metalics-reports-strong-q2-consolidated-profit-surges-to-511-crore-revenue-hits-5960-crore-alom-solar-stake-approved)
- [Q2 Results Today Live: NTPC, Muthoot Finance, Shyam Metalics & Energy, Sarda Energy and Minerals, Zen Technologies, National Securities Depository, Rainbow Childrens Medicare Share to announce Q2 results](https://www.thehindubusinessline.com/markets/q2-results-today-live-updates-ntpc-muthoot-finance-shyam-metalics-amp-energy-sarda-energy-and-minerals-zen-technologies-national-securities-depository-rainbowc-childrens-medicare-company-results-31-oc/article71648157.ece)
- [Q2 Results Highlights 31st Oct: NTPC, Quess Corp, Best Agrolife, Eveready Industries, CDSL, Muthoot Finance, Aditya Birla Fashion post profit growth; IGL, Tilaknagar Industries, Birla Corp report profit decline](https://www.thehindubusinessline.com/markets/q2-results-highlights-ntpc-muthoot-finance-shyam-metalics-amp-energy-sarda-energy-and-minerals-zen-technologies-national-securities-depository-rainbowc-childrens-medicare-company-results-31-oc/article71648157.ece)
- [Shyam Metalics And Energy Limited has informed the Exchange about Credit Rating |SUBJECT: Credit Rating](https://nsearchives.nseindia.com/corporate/SHYAMMETL_06112026123809_SMELCreditratingintimation06112026.pdf)
- [Shyam Metalics And Energy Limited has informed the Exchange regarding Monthly Business Updates for the month of October 2026 |SUBJECT: Monthly Business Updates](https://nsearchives.nseindia.com/corporate/SHYAMMETL_06112026153110_SalesRelease06112026.pdf)
- [Shyam Metalics And Energy Limited has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/SHYAMMETL_05112026124437_SMELIntimationofExercise05112026.pdf)
- [Shyam Metalics And Energy Limited has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/SHYAMMETL_04112026160833_SMELIntimationofChangeinRTAAddress.pdf)
- [Shyam Metalics And Energy Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/SHYAMMETL_02112026132932_SMELNewspaperAd02112026.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Strong Uptrend
- Weekly trend: Moderate Uptrend
- Pivot point: ₹1,261.9
- Risk regime: Price Risk Requires Attention

### Support levels
- 875.23828125
- 829.35
- 776.4

### Resistance levels
- 1313.6
- 1343.4999999999998

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +2.36% |
| return_10 | +14.91% |
| return_1m | +23.34% |
| return_1y | +54.89% |
| return_20 | +21.86% |
| return_3m | +28.02% |
| return_5 | +11.79% |
| return_6m | +45.58% |
| return_since_start | +74.29% |
| return_ytd | +54.42% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -23.25% |
| annualized_volatility | +30.36% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Shyam Metalics and Energy Limited Q2 FY2026-27: Profit rises 46% sequentially

Revenue from operations increased 9.3% quarter on quarter to ₹5,960 crore in Q2 FY2026-27, while profit for the period rose 45.7% to ₹511 crore. Operating cash flow was ₹1,493 crore, but investing outflows of ₹1,624 crore left free cash flow negative at ₹132 crore.

## Revenue and profitability

Revenue from operations rose from ₹5,455 crore in Q1 FY2026-27 to ₹5,960 crore in Q2, and was 33.7% higher than the ₹4,457 crore recorded in Q2 FY2025-26. Revenue has increased sequentially in each of the past three quarters, from ₹4,421 crore in Q3 FY2025-26 to ₹5,240 crore in Q4, ₹5,455 crore in Q1 FY2026-27 and ₹5,960 crore in Q2.

Total income was ₹5,994 crore, up 8.9% from ₹5,502 crore in Q1 FY2026-27; other income was ₹34 crore. Profit before tax increased 40.3% quarter on quarter to ₹658 crore from ₹469 crore. After tax expense of ₹147 crore, profit for the period was ₹511 crore, up 45.7% from ₹351 crore in Q1 and 96.2% from ₹260 crore in Q2 FY2025-26.

## Costs

Total expenses rose 6.0% quarter on quarter to ₹5,336 crore, slower than the 9.3% increase in revenue. Cost of materials consumed was ₹4,401 crore, employee benefit expense ₹146 crore and depreciation, depletion and amortisation expense ₹110 crore. Finance costs increased 13.2% from ₹78 crore in Q1 FY2026-27 to ₹89 crore in Q2.

## Cash flow and liquidity

Operating cash flow was ₹1,493 crore in Q2 FY2026-27. Investing activities used ₹1,624 crore, while financing activities provided ₹52 crore. Free cash flow was negative ₹132 crore as investing outflows exceeded operating cash flow.

Cash and cash equivalents stood at ₹22 crore on 30 September 2026, down from ₹97 crore on 31 March 2026 and ₹51 crore on 30 September 2025. Current investments were ₹22 crore, compared with ₹426 crore at 31 March 2026.

## Balance sheet and working capital

Total assets were ₹23,195 crore on 30 September 2026, up from ₹20,061 crore on 31 March 2026 and ₹17,912 crore on 30 September 2025. Property, plant and equipment stood at ₹8,880 crore, compared with ₹8,075 crore at 31 March 2026; capital work in progress was ₹3,020 crore.

Inventories increased to ₹5,287 crore from ₹4,501 crore at 31 March 2026. Current trade receivables were ₹1,194 crore and current financial assets were ₹3,392 crore. Equity stood at ₹12,349 crore, compared with ₹11,855 crore on 30 September 2025. Total liabilities were ₹10,846 crore, up from ₹6,057 crore a year earlier, including current trade payables of ₹6,826 crore and current borrowings of ₹1,251 crore.

## Per-share earnings

Basic EPS was ₹18.39 in Q2 FY2026-27, up 46.0% from ₹12.60 in Q1 and 96.5% from ₹9.36 in Q2 FY2025-26. Diluted EPS was ₹18.31, compared with ₹12.56 in Q1 and ₹9.33 a year earlier.

## Key Takeaway

Q2 delivered higher revenue and substantially stronger profit, with expenses growing more slowly than revenue. Positive operating cash flow was more than absorbed by investing outflows, leaving free cash flow negative; meanwhile, higher inventories, assets and liabilities mark a larger balance sheet and make cash generation an important area to monitor.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q2
- As of: 2026-09-30
- Promoter holding: +74.59%
- FII holding: +5.29%
- DII holding: +11.16%
- Mutual fund holding: +1.76%
- Retail holding: +2.77%
- Promoter pledged: +0.00%

### Major reported shareholders

- SUBHAM BUILDWELL PVT. LTD. — +21.86% (Bodies Corporate)
- NARANTAK  DEALCOMM LIMITED — +15.48% (Bodies Corporate)
- SUBHAM CAPITAL PRIVATE LIMITED — +14.61% (Bodies Corporate)
- BRIJ BHUSHAN AGARWAL — +8.34%
- KALPATARU HOUSE FIN. AND TRADING PRIVATE LTD. — +7.67% (Bodies Corporate)
- DORITE TRACON (P) LTD — +5.09% (Bodies Corporate)
- LIFE INSURANCE CORPORATION OF INDIA — +3.80%
- AUTHUM INVESTMENT AND INFRASTRUCTURE LIMITED — +2.39%
- TATA AIA LIFE INSURANCE CO LTD-SELECT EQUITY FUND — +1.60%
- UNITBHAI SHANTILAL MEHTA — +1.25%

## Official filings

- 2026-11-07 — Generic Announcement: Shyam Metalics and Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SHYAMMETL_07112026150041_SMELTranscriptofConcal07112026.pdf)
- 2026-11-06 — Credit Rating Update: Shyam Metalics and Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SHYAMMETL_06112026123809_SMELCreditratingintimation06112026.pdf)
- 2026-11-06 — Generic Announcement: Shyam Metalics and Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SHYAMMETL_06112026153110_SalesRelease06112026.pdf)
- 2026-11-05 — Generic Announcement: Shyam Metalics and Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SHYAMMETL_05112026124437_SMELIntimationofExercise05112026.pdf)
- 2026-11-04 — Generic Announcement: Shyam Metalics and Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SHYAMMETL_04112026160833_SMELIntimationofChangeinRTAAddress.pdf)
- 2026-11-02 — Generic Announcement: Shyam Metalics and Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SHYAMMETL_02112026132932_SMELNewspaperAd02112026.pdf)
- 2026-10-31 — Generic Announcement: Shyam Metalics and Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SHYAMMETL_31102026130218_outcomeofBM.pdf)
- 2026-10-31 — Generic Announcement: Shyam Metalics and Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SHYAMMETL_31102026130904_outcomeofBM.pdf)
- 2026-10-31 — Generic Announcement: Shyam Metalics and Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SHYAMMETL_31102026131611_outcomeofBM.pdf)
- 2026-10-31 — Press Release: Shyam Metalics and Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SHYAMMETL_31102026165844_SMELPressRelease31102026.pdf)
- 2026-10-31 — Financial Results Filing: Shyam Metalics And Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1750717_31102026051839_WEB.xml)
- 2026-10-31 — Financial Results Filing: Shyam Metalics And Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1750718_31102026051845_WEB.xml)
- 2026-10-31 — Generic Announcement: Shyam Metalics and Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_19311_WebXMLFile_20261031_180408685.xml)
- 2026-10-31 — Earnings Presentation: Shyam Metalics and Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SHYAMMETL_31102026182158_SMELInvestorsPresentation.pdf)
- 2026-10-31 — Earnings Presentation: Shyam Metalics and Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SHYAMMETL_31102026182520_SMELInvestorsPresentation.pdf)
- 2026-10-28 — Generic Announcement: Shyam Metalics and Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SHYAMMETL_28102026165435_intimationofconcall.pdf)
- 2026-10-27 — Generic Announcement: Shyam Metalics and Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SHYAMMETL_27102026174810_Regulation76.pdf)
- 2026-10-23 — Press Release: Shyam Metalics and Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SHYAMMETL_23102026091425_SMELPressRelease23102026.pdf)
- 2026-10-22 — Generic Announcement: Shyam Metalics and Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SHYAMMETL_22102026114107_NCLTorder.pdf)
- 2026-10-22 — Board Meeting Notice: Shyam Metalics and Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SHYAMMETL_22102026132557_intimationofBM.pdf)
- 2026-10-22 — Board Meeting Notice: Shyam Metalics and Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_19311_WebXMLFile_20261022_134222147.xml)
- 2026-10-22 — Generic Announcement: Shyam Metalics and Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_19311_WebXMLFile_20261022_134222147.xml)
- 2026-10-22 — Generic Announcement: Shyam Metalics and Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_19311_WebXMLFile_20261022_134121050.xml)
- 2026-10-22 — Board Meeting Notice: Shyam Metalics and Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_19311_WebXMLFile_20261022_134121050.xml)
- 2026-10-14 — Generic Announcement: Shyam Metalics and Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SHYAMMETL_14102026163606_Reg_74_SMEL.pdf)

## News and market events

- 2026-11-02 — The Hindu: **Sensex today | Stock Market Live: Stock to buy today: Shyam Metalics and Energy** — An analyst recommends buying the stock of Shyam Metalics and Energy at ₹1,165 with an accumulation point at ₹1,110, citing a steady uptrend established since April. The recommendation includes specific stop-loss levels and profit-booking targets based on technical resistance and support. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-2nd-november-2026/article71653748.ece)
- 2026-11-02 — CNBC-TV18: **Shyam Metalics shares may react to higher volume growth, strong Q2 operating performance** — Shyam Metalics and Energy Ltd. reported Q2 FY2026 sales of ₹5,960 crore and EBITDA of ₹822.8 crore, driven by a 26% volume increase, while announcing plans to acquire a 51% stake in Alom Solar Pvt Ltd. for backward integration into coal mining. The company also reported first-half capex of ₹1,291 crore, exceeding 50% of its full-year FY2026 target, and shifted to straight-line depreciation which reduced depreciation expenses by 48% year-on-year. — [Source](https://www.cnbctv18.com/market/shyam-metalics-share-price-ebitda-backward-integration-q2-results-capex-plans-net-debt-alom-solar-20024316.htm)
- 2026-10-31 — FREEPRESSJOURNAL.IN: **Shyam Metalics Reports Strong Q2: Consolidated Profit Surges To ₹511 Crore, Revenue Hits ₹5,960 Crore, Alom Solar Stake Approved** — The company approved an initial capital expenditure budget of approximately ₹360 crore for the development of the Phutamura Coal Block, with Shyam Metalics contributing ₹183.60 crore. — [Source](https://www.freepressjournal.in/business/shyam-metalics-reports-strong-q2-consolidated-profit-surges-to-511-crore-revenue-hits-5960-crore-alom-solar-stake-approved)
- 2026-10-31 — The Hindu: **Q2 Results Today Live: NTPC, Muthoot Finance, Shyam Metalics & Energy, Sarda Energy and Minerals, Zen Technologies, National Securities Depository, Rainbow Childrens Medicare Share to announce Q2 results** — Syrma SGS has set a target of $1 billion in revenue for the next year, driven by strong growth in H1 and record Q2 FY27 results despite component shortages and PCB bottlenecks. — [Source](https://www.thehindubusinessline.com/markets/q2-results-today-live-updates-ntpc-muthoot-finance-shyam-metalics-amp-energy-sarda-energy-and-minerals-zen-technologies-national-securities-depository-rainbowc-childrens-medicare-company-results-31-oc/article71648157.ece)
- 2026-10-31 — The Hindu: **Q2 Results Highlights 31st Oct: NTPC, Quess Corp, Best Agrolife, Eveready Industries, CDSL, Muthoot Finance, Aditya Birla Fashion post profit growth; IGL, Tilaknagar Industries, Birla Corp report profit decline** — Muthoot Finance reported a 27% year-on-year growth in standalone profit to Rs 2,977 crore for the July-September quarter of FY27, driven by an increase in total income to Rs 8,842 crore from Rs 6,442 crore in the same period last year. — [Source](https://www.thehindubusinessline.com/markets/q2-results-highlights-ntpc-muthoot-finance-shyam-metalics-amp-energy-sarda-energy-and-minerals-zen-technologies-national-securities-depository-rainbowc-childrens-medicare-company-results-31-oc/article71648157.ece)
- 2026-10-21 — Mint: **Top stocks to buy: Experts bet on SBI, Bank of Baroda, Meesho, CG Power, and 2 others - Target price, stop-loss** — Analysts suggest six stocks for the next one to two weeks: SBI, Bank of Baroda, Meesho, Shyam Metalics, CG Power and Tips Music. Recommendations cite technical patterns and momentum, while cautioning that high crude prices, mixed earnings and geopolitical risks may keep markets fragile. — [Source](https://www.livemint.com/market/stock-market-news/top-stocks-to-buy-experts-bet-on-sbi-bank-of-baroda-meesho-cg-power-and-2-others-target-price-stoploss-11792467348731.html)
- 2026-10-15 — Mint: **Stock recommendations for 15 October from MarketSmith India** — MarketSmith India reveals its top stock recommendations for today, 15 October. Get expert insights into the best-performing stocks to guide your investment decisions. — [Source](https://www.livemint.com/market/stock-market-news/stock-recommendations-for-15-october-from-marketsmith-india-11791991493420.html)
- 2026-10-14 — Mint: **Raja Venkatraman recommends three stocks for 14 October** — Market expert Raja Venkatraman shares his top stock picks for 14 October. Here’s his technical outlook and trade strategy. — [Source](https://www.livemint.com/market/stock-market-news/raja-venkatraman-recommends-three-stocks-for-14-october-11791938277969.html)
- 2026-10-13 — BUSINESSTODAY: **Shyam Metalics secures mining rights for Phutamura coal block; check stock reaction** — Shyam Metalics and Energy Ltd, Shyam Metalics share price, Phutamura coal block, Alom Solar Private Limited, coal mining rights, 170 million tonnes coal reserves, backward integration, Brij Bhushan Agarwal, captive power generation, steel manufacturing, Mand-Raigarh coalfield, mining operations — [Source](https://www.businesstoday.in/markets/stocks/story/shyam-metalics-secures-mining-rights-for-phutamura-coal-block-check-stock-reaction-561226-2026-10-13)
- 2026-10-08 — BUSINESSTODAY: **Shyam Metalics shares: Goldman Sachs maintains 'buy' call, says this** — Shyam Metalics, Shyam Metalics share price target, Shyam Metalics capital expenditure, Shyam Metalics stock, Shyam Metalics revenue growth, stainless steel — [Source](https://www.businesstoday.in/markets/stocks/story/shyam-metalics-shares-goldman-sachs-maintains-buy-call-says-this-560339-2026-10-08)
- 2026-09-18 — Economic Times: **Motilal Oswal sees surging steel prices to offset cost inflation for metal majors. Here are its top stock picks** — Motilal Oswal expects firm steel prices, lean inventories and resilient demand to support a shift toward pricing- and cost-led earnings growth for domestic steelmakers. The brokerage sees stronger realisations ahead and favours companies with cost advantages and raw-material access, naming JSW Steel and Tata Steel as its top picks. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/motilal-oswal-sees-surging-steel-prices-to-offset-cost-inflation-for-metal-majors-here-are-its-top-stock-picks/articleshow/134327119.cms)
- 2026-09-17 — MONEYCONTROL: **A-One Steels India sets price band at Rs 385-405; Rs 405-crore IPO to open on September 24** — A-One Steels India IPO news,A-One Steels India IPO details,A-One Steels India IPO date,A-One Steels India IPO price band,A-One Steels India IPO size,A-One Steels India IPO opening date — [Source](https://www.moneycontrol.com/news/business/ipo/a-one-steels-india-sets-price-band-at-rs-385-405-rs-405-crore-ipo-to-open-on-september-24-14031716.html)
- 2026-09-07 — BUSINESSTODAY: **Shyam Metalics shares rise 2% as August sales data signal strong growth** — Shyam Metalics, Shyam Metalics shares, Shyam Metalics stock, Shyam Metalics sales, Shyam Metalics August sales, Shyam Metalics share price, Shyam Metalics sales volumes, Shyam Metalics stainless steel, Shyam Metalics carbon steel, Shyam Metalics aluminium foil — [Source](https://www.businesstoday.in/markets/stocks/story/shyam-metalics-shares-rise-as-august-sales-data-signal-strong-growth-553666-2026-09-07)
- 2026-09-07 — CNBC-TV18: **Shyam Metalics August stainless steel volumes rise 16%, carbon steel flat sales double** — Shyam Metalics reported a 16.44% year-on-year rise in stainless steel sales in August, while average realisations jumped 45.51%. Carbon steel flat volumes more than doubled. — [Source](https://www.cnbctv18.com/market/shyam-metalics-august-sales-stainless-steel-volumes-rise-16-pc-carbon-steel-flat-sales-double-19985566.htm)
- 2026-08-27 — BUSINESS: **Volumes spurt at The Bombay Burmah Trading Corporation Ltd counter** — The Bombay Burmah Trading Corporation Ltd registered volume of 3.91 lakh shares by 10:45 IST on BSE, a 195.21 fold spurt over two-week average daily volume of 2003 shares — [Source](https://www.business-standard.com/markets/capital-market-news/volumes-spurt-at-the-bombay-burmah-trading-corporation-ltd-counter-126082700279_1.html)
- 2026-08-06 — CNBC-TV18: **Q1 Results LIVE Updates: Lloyds Engineering profit doubles; Shyam Metalics sales volumes rise** — Q1 Results LIVE Updates; Trent, Britannia, Lupin, Samvardhana Motherson, Apollo Tyres, Blue Star, Premier Energies, HCC, NCC, PG Electroplast, Emcure Pharma, Firstsource Solutions are some of the many companies that will be reporting their results during the course of Thursday's trading session on Dalal Street. Result reactions today come from PB Fintech, Aurobindo Pharma, Cummins India, GE Vernova T&D, ION Exchange and many others. Watch this space for all the LIVE Q1 result updates, management and brokerage commentary along with stock moves. — [Source](https://www.cnbctv18.com/market/q1-results-live-updates-cummins-ge-vernova-td-pb-fintech-trent-britannia-hero-lupin-samil-pgel-apollo-tyres-sci-ncc-hcc-premier-energies-share-price-liveblog-19962840.htm)
- 2026-08-06 — CNBC-TV18: **Sensex Today | Stock Market Highlights: Benchmarks end higher; Sensex gains 374 points, Nifty closes above 24,600** — Sensex Today | Stock Market Highlights: The Sensex rose 374 points to close at 78,955, while the Nifty gained 11 points to end at 24,636. The Nifty Bank outperformed, advancing 324 points to 58,064, whereas the Nifty Midcap index slipped 278 points to 63,227. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-hdfc-bank-aurobindo-cummins-biocon-pb-fintech-lic-trent-share-price-liveblog-19962846.htm)
- 2026-07-29 — The Hindu: **Sensex today | Stock Market Live: Sensex, Nifty set for positive open on strong IIP data, US Fed in focus** — Sensex, Nifty, Share Prices Live:  Strong industrial growth and healthy corporate earnings have improved market sentiment, but investors remain cautious ahead of the US Fed policy decision as geopolitical tensions and higher crude oil prices continue to influence trading expectations. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-29-july-2026/article71276758.ece)
- 2026-07-23 — Economic Times: **Shyam Metalics plans to double revenue by 2031 on the back of Rs 10,000-cr capex** — Shyam Metalics and Energy anticipates improved margins and earnings by shifting to direct customer sales. The company plans significant investments to expand its capacity across various business segments. Revenue is targeted to more than double by 2031, continuing strong annual growth. Stainless steel revenue is projected to increase substantially after expansion completion by 2028. Future demergers are not currently planned as integration remains the focus. — [Source](https://economictimes.indiatimes.com/industry/indl-goods/svs/metals-mining/shyam-metalics-plans-to-double-revenue-by-2031-on-the-back-of-rs-10000-cr-capex/articleshow/132575783.cms)
- 2026-07-21 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: Nifty falls below 24,200; Bajaj Fin rises to highest point in 2026** — Sensex Today | Stock Market LIVE Updates: The markets are moving with extreme caution, and the Nifty is trading around 24,250 with limited movement. The Nifty Bank is also relatively flat with a positive bias and has touched the 58,000 mark. Tech Mahindra, IndiGo and Ultratech are the top gainers. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-expiry-today-hdfc-bank-bajaj-auto-paytm-ather-midcaps-share-price-liveblog-19950047.htm)
- 2026-07-21 — CNBC-TV18: **Q1 Results LIVE Updates: CMPDI shares gain nearly 6% post earnings; Bajaj Auto, TVS, M&M Fin report today** — Q1 Results LIVE Updates: Nifty 50 company Bajaj Auto is reporting its earnings today. TVS Motor, M&M Financial, Aavas Financiers, Indian Hotels, AB Sunlife AMC, Adani Energy, Arvind Fashions, Bandhan Bank, Adani Total, Canara Robeco AMC, Cyient DLM, Crisil, Gabriel India, Hatsun Agro, Granules India, Indiamart, Mastek, JSW Infra, Mastek, NIIT, Medplus Health, Sagility, Sunteck Realty, Welspun Specialty, Trident, are among the other incoming results today. Paytm, Canara HSBC Life among others react to their results as well. Watch this space for all the LIVE Q1 updates. — [Source](https://www.cnbctv18.com/market/q1-results-live-updates-bajaj-auto-paytm-tvs-mm-fin-bandhan-indian-hotels-adani-rallis-indiamart-cyient-dlm-share-price-liveblog-19950068.htm)
- 2026-07-21 — Mint: **Stock recommendations for 21 July from MarketSmith India** — MarketSmith India reveals its top stock recommendations for today, 21 July. Get expert insights into the best-performing stocks to guide your investment decisions. — [Source](https://www.livemint.com/market/stock-market-news/stock-recommendations-for-21-july-from-marketsmith-india-11784549369816.html)
- 2026-07-20 — The Hindu: **Q1 Results Today Highlights: UltraTech profit rises; IOB, KVB and Sobha post strong Q1 growth; Mahindra Logistics, Dynamic Cables, Jaiprakash Power, Shyam Metalics surge** — Q1 Results Today, 20th July 2026 Highlights: — [Source](https://www.thehindubusinessline.com/markets/q1-results-today-highlights-cement-paytm-iob-karur-vysya-bank-shyam-metalics-sobha-jp-power-bluestone-hdfc-bank-kotak-icici-yes-bank-axis-bank-ril-results-20-july-2026/article71241085.ece)
- 2026-07-20 — CNBC-TV18: **Shyam Metalics Q1 Results: Stock extends gains after strong operating performance, fund raise approval** — The board of Shyam Metalics has also approved raising funds to the tune of ₹4,500 crore, through the issue of equity-linked instruments, equity shares, convertible or non-convertible preference shares, or fully or partly convertible debentures. The fund raising would be done in one or more tranches. — [Source](https://www.cnbctv18.com/market/shyam-metalics-q1-results-revenue-margin-ebitda-dividend-fund-raise-4500-crore-record-date-share-price-19949490.htm)
- 2026-07-20 — The Hindu: **Sensex today | Stock Market Live: Sensex down 700 pts, Nifty near 24,150 in choppy trade; Axis, HDFC Bank lead losers** — Sensex, Nifty, Share Prices Live Updates: At around 12.05 pm, Sensex traded 621.88 pts or 0.80% lower at 77,529.57; and Nifty 50 declined 151.05 pts  or 0.62% to 24,183.25. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-20th-july-2026/article71241122.ece)

## Business profile

**Strategic vision:** Integrated producer of carbon steel, stainless steel, ferro alloys, and aluminium foil.

### Business segments
- **Iron and Steel:** This segment produces a range of iron and steel products, including sponge iron, pellets, carbon steel, stainless steel, and long steel products such as TMT bars and wire rods.
- **Ferro Alloys:** Shyam Metalics produces ferro alloys, which are critical inputs in the steelmaking process, contributing to specific properties in the final steel products.
- **Aluminium Foil:** The company has expanded its offerings to include aluminium foils, notably for food-grade applications, diversifying its presence in the metals sector.

### Competitive strengths
- Fully integrated ore-to-metal manufacturing model.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

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