Sandur Manganese & Iron Ores Ltd (SANDUMA) AI Stock Analysis

• Market Cap: ₹97.85B
• Dividend Yield: 0.18%
• Average Volume (3M): 739.42K
• Price to Earnings (P/E): 25.5
• Beta (1Y): 1.77
• Revenue Growth: 196.22%
• EPS Growth: 71.39%
• Country: IN
• Employees: 2,528
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Steel
• EPS (TTM): 2.38
• Shares Outstanding: 486,104,830
• 10 Day Avg. Volume: 1,499,239
• 30 Day Avg. Volume: 739,418
• PEG Ratio: 0.05
• Price to Book (P/B): 0.90
• Price to Sales (P/S): 0.75
• P/FCF Ratio: 3.12
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: ₹241.00 ▼(-8.95% Downside)
• Action: Upgraded Date: 12/13/25
• Date: Action: Upgraded 12/13/25

Sandur Manganese & Iron Ores Ltd has a strong financial performance, which is the most significant factor in the overall score. Technical analysis indicates positive short-term momentum, but with some bearish signals. The valuation is reasonable, though the low dividend yield limits income potential. The absence of earnings call and corporate events data means these factors do not influence the score.

Positive Factors

Revenue Growth

The company's substantial revenue growth indicates a strong market position and increasing demand, supporting long-term business expansion.

Cash Flow Generation

Effective cash flow generation ensures the company can fund operations and growth initiatives, enhancing financial stability over time.

Profitability

Sustained profitability through effective cost management highlights operational efficiency, supporting long-term financial health.

Negative Factors

Debt Reliance

Reliance on debt increases financial risk, potentially impacting flexibility and stability if adverse market conditions arise.

Capital Expenditures

High capital expenditures may strain liquidity, requiring careful management to ensure ongoing operational and financial health.

Margin Variability

Variable margins indicate potential challenges in maintaining consistent operational efficiency, affecting profitability stability.

Sandur Manganese & Iron Ores Ltd Business Overview & Revenue Model

Company Description

The Sandur Manganese & Iron Ores Limited, together with its subsidiary, engages in the mining of manganese and iron ores in Deogiri village of Bellary District, Karnataka. It operates through Mining, Ferroalloys, and Coke and Energy segments. The company also manufactures and sells ferroalloys and coke. In addition, it generates power through a 32-megawatt thermal power plant. The Sandur Manganese & Iron Ores Limited was incorporated in 1954 and is based in Bengaluru, India. The Sandur Manganese & Iron Ores Limited is a subsidiary of Skand Private Limited.

How the Company Makes Money

Sandur Manganese & Iron Ores Ltd generates revenue primarily through the sale of manganese and iron ore products. The company benefits from a robust revenue model that includes direct sales to steel manufacturers, both domestically and internationally, capitalizing on favorable market conditions and demand for these minerals. Key revenue streams include bulk sales contracts with major steel producers, which provide stable income, along with spot sales that can yield higher margins during peak demand periods. Additionally, SANDUMA may engage in partnerships with other mining companies and stakeholders to expand its operational capacity and reach, further enhancing its earnings potential. Factors contributing to its financial success include efficient mining operations, cost management strategies, and the ability to adapt to market fluctuations in raw material prices.

Sandur Manganese & Iron Ores Ltd Financial Statement Overview

Summary

Sandur Manganese & Iron Ores Ltd presents a strong financial profile with impressive revenue and profitability growth. The company maintains a healthy net profit margin and demonstrates effective cost management. The balance sheet is solid, though there is moderate reliance on debt financing. Cash flow generation is robust, but substantial capital expenditures require careful oversight.

Income Statement

Sandur Manganese & Iron Ores Ltd has shown impressive growth in revenue and profitability. The gross profit margin is strong, and the company has maintained a healthy net profit margin, indicating effective cost management. Revenue growth has been substantial, reflecting a strong market position and demand for its products. However, fluctuations in EBIT and EBITDA margins suggest some variability in operational efficiency.

Balance Sheet

The company's balance sheet is solid with a reasonable debt-to-equity ratio, indicating a balanced approach to leverage. The return on equity is commendable, showcasing effective utilization of shareholders' funds. However, the equity ratio suggests a moderate reliance on debt financing, which could pose risks if market conditions change unfavorably.

Cash Flow

Sandur Manganese & Iron Ores Ltd demonstrates strong cash flow generation, with positive free cash flow and a robust operating cash flow to net income ratio. The company has managed to improve its free cash flow significantly, highlighting effective capital management and operational efficiency. Despite this, the investing cash flow indicates substantial capital expenditures, which could impact future liquidity.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	36.69B	31.35B	12.38B	21.26B	22.49B	7.47B
Gross Profit	22.82B	20.23B	4.36B	7.94B	14.44B	4.25B
EBITDA	9.62B	8.62B	4.03B	4.52B	10.09B	2.89B
Net Income	4.92B	4.70B	2.39B	2.71B	6.75B	1.54B
Balance Sheet
Total Assets	0.00	56.48B	25.93B	25.32B	27.02B	17.24B
Cash, Cash Equivalents and Short-Term Investments	1.77B	4.21B	4.67B	4.81B	5.55B	3.57B
Total Debt	0.00	18.90B	1.33B	2.06B	3.10B	3.69B
Total Liabilities	-26.27B	30.21B	4.35B	5.98B	10.42B	7.31B
Stockholders Equity	26.27B	26.13B	21.58B	19.34B	16.59B	9.93B
Cash Flow
Free Cash Flow	0.00	7.53B	503.10M	-450.10M	7.95B	2.80B
Operating Cash Flow	0.00	8.41B	1.53B	1.42B	8.73B	3.40B
Investing Cash Flow	0.00	-15.61B	-664.10M	-112.20M	-7.93B	-2.49B
Financing Cash Flow	0.00	7.04B	-1.07B	-1.29B	-1.06B	-582.55M

Sandur Manganese & Iron Ores Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 264.70
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SANDUMA, the sentiment is Negative. The current price of 264.7 is above the 20-day moving average (MA) of 207.62, above the 50-day MA of 222.14, and above the 200-day MA of 187.93, indicating a neutral trend. The MACD of -4.00 indicates Negative momentum. The RSI at 43.75 is Neutral, neither overbought nor oversold. The STOCH value of 29.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SANDUMA.

Sandur Manganese & Iron Ores Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MOIL	74 Outperform	₹58.84B	35.43	―	2.18%	―	―
SANDUMA	73 Outperform	₹97.85B	25.50	―	0.18%	196.22%	71.39%
MAHSEAMLES	68 Neutral	₹73.90B	7.74	―	1.82%	0.81%	-7.11%
INDIAGLYCO	65 Neutral	₹57.35B	23.54	―	0.47%	5.61%	33.63%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
JAIBALAJI	58 Neutral	₹56.55B	139.02	―	―	-13.11%	-69.18%
MIDHANI	55 Neutral	₹64.35B	58.02	―	0.24%	-5.01%	21.97%

Sandur Manganese & Iron Ores Ltd Corporate Events

Sandur Manganese Clarifies Market-Driven Share Volume Increase

Sandur Manganese & Iron Ores Limited has clarified that the recent increase in the volume of its shares is market-driven and not due to any undisclosed information or announcements from the company. The company has confirmed that it has complied with all necessary disclosure regulations and has no additional information that could impact the share price or volume.