Metal Stock to BUY: In the business update released by metal sector company Shyam Metalics (NSE: SHYAMMETL) for December, the volume is solid.
Rebar shipments reached an all-time high, although pallet sales declined. Mittal Corp is ramping up its stainless steel plant.
The brokerage believes that increasing rebar sales will strengthen the revenue. Keeping all these factors in mind, the target price for this stock has been increased.
This share closed at the level of Rs 683 (Shyam Metalics Share Price) this week.
The brokerage firm has increased the share price for Shyam Metalics from Rs 690 to Rs 739. This week, this share traded at the price of 683 rupees.
In this situation, the target price is about 15 percent higher. This week, there has been an increase of 4.5 percent for this stock, and 33 percent over a month.
Regarding increasing the target, the brokerage said that an annual growth of 18.8% was recorded in rebar sales volume in December.
Sales volume growth of 7% annually and 14% quarterly in Q3 is expected to be better than its peers.
There was a 3-fold jump in sponge iron sales on an annual basis. Recently a plant has been commissioned which will provide benefits.
Shyam Metalics Share Price History
Shares of Shyam Metalics closed at Rs 683. On Friday, it made a new 52-week high of Rs 690 in intraday which is also its all-time high.
This stock has increased by 4.5 percent in one week, 33 percent in one month, 48 percent in 3 months and 127 percent in one year.
Shyam Metalics and Energy Ltd. (SMEL) is a well-known metal-producing company. Its headquarters is in Kolkata.
The company produces long-product structural steel, ferroalloys, pellets, and sponge iron.
Shyam Metalics and Energy is the first company in India to be awarded the green category clearance from the Pollution Department of the government of West Bengal.
Also, it is the top 10 steel producer in India.
| Market Cap | ₹ 19,070 Cr. |
| Current Price | ₹ 683 |
| 52-wk High | ₹ 689 |
| 52-wk Low | ₹ 253 |
| Stock P/E | 18.9 |
| Book Value | ₹ 320 |
| Dividend | 0.26 % |
| ROCE | 15.0 % |
| ROE | 13.0 % |
| Face Value | ₹ 10.0 |
| P/B Value | 2.14 |
| OPM | 10.8 % |
| EPS | ₹ 39.8 |
| Debt | ₹ 1,988 Cr. |
| Debt to Equity | 0.24 |
| Year | 1st Target | 2nd Target |
| 2024 | ₹695 | ₹755 |
| 2025 | ₹760 | ₹810 |
| 2026 | ₹815 | ₹832 |
| 2027 | ₹855 | ₹895 |
| 2028 | ₹905 | ₹920 |
| 2029 | ₹925 | ₹955 |
| 2030 | ₹990 | ₹1100 |
| Promoters Holding | |
| Mar 2023 | 88.35% |
| June 2023 | 88.35% |
| Sept 2023 | 81.62% |
| Dec 2023 | 81.62% |
| Jan 2024 | 74.59% |
| FII Holding | |
| Mar 2023 | 0.65% |
| June 2023 | 0.65% |
| Sept 2023 | 1.84% |
| Dec 2023 | 1.98% |
| Jan 2023 | 3.21% |
| DII Holding | |
| Mar 2023 | 3.14% |
| June 2023 | 3.17% |
| Sept 2023 | 4.35% |
| Dec 2023 | 3.72% |
| Jan 2023 | 4.71% |
| Public Holding | |
| Mar 2023 | 7.86% |
| June 2023 | 7.84% |
| Sept 2023 | 11.78% |
| Dec2023 | 12.26% |
| Jan 2024 | 17.10% |
| Others Holding | |
| Mar2023 | 0.00% |
| June 2023 | 0.00% |
| Sept 2023 | 0.43% |
| Dec2023 | 0.43% |
| Jan 2024 | 0.39% |
Last 5 Years’ Sales:
| 2019 | ₹4,606 Cr |
| 2020 | ₹4,376 Cr |
| 2021 | ₹6,297 Cr |
| 2022 | ₹10,394 Cr |
| 2023 | ₹12,576 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹637 Cr |
| 2020 | ₹340 Cr |
| 2021 | ₹844 Cr |
| 2022 | ₹1,724 Cr |
| 2023 | ₹1,008 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.22 |
| 2020 | 0.34 |
| 2021 | 0.13 |
| 2022 | 0.05 |
| 2023 | 0.10 |
Last 10 Years’ Profit Growth:
| 10 Years: | – |
| 5 Years: | 15% |
| 3 Years: | 36% |
| Current Year: | -27% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | – |
| 5 Years: | 23% |
| 3 Years: | 24% |
| Last Year: | 13% |
Last 10 Years’ Sales Growth:
| 10 Years: | – |
| 5 Years: | 27% |
| 3 Years: | 42% |
| Current Year: | 7% |
Conclusion
This article is a complete guide about Shyam Metalics And Energy Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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Also Read: More Than 33,000% Return! Stock Is Still Bullish; Share Once Trading At ₹1
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