Sarda Energy & Minerals Limited (SARDAEN) AI Stock Analysis

• Market Cap: ₹199.87B
• Dividend Yield: 0.26%
• Average Volume (3M): 101.40K
• Price to Earnings (P/E): 21.4
• Beta (1Y): 0.85
• Revenue Growth: 42.96%
• EPS Growth: 69.78%
• Country: IN
• Employees: 1,507
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Steel
• EPS (TTM): 12.33
• Shares Outstanding: 352,381,380
• 10 Day Avg. Volume: 135,539
• 30 Day Avg. Volume: 101,404
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: ₹620.00
• Price Target Upside: 9.31% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 64 Neutral
• Price Target: ₹620.00 ▲(9.31% Upside)

Sarda Energy & Minerals Limited has a solid financial foundation with strong growth and profitability metrics, which is the most significant factor in its score. However, technical indicators suggest the stock may be overbought, and the valuation appears high, which could limit upside potential. The absence of earnings call data and notable corporate events means these factors did not influence the score.

Sarda Energy & Minerals Limited Business Overview & Revenue Model

Company Description

Sarda Energy & Minerals Limited produces and sells steel products in India. The company operates through Steel, Ferro, and Power segments. Its products include sponge iron, billets, wire rods, ferro alloys, eco-bricks, and HB Wires. The company is also involved in the iron ore mining; and operation of thermal, hydro, and solar power plants. In addition, it exports its products. Sarda Energy & Minerals Limited was incorporated in 1973 and is headquartered in Raipur, India.

How the Company Makes Money

Sarda Energy & Minerals Limited generates revenue through multiple streams, primarily driven by its steel and ferro alloys production. The company earns income by selling sponge iron, steel billets, and various ferro alloys to domestic and international markets. Additionally, SARDAEN operates power generation facilities, which provide electricity for its own operations and for sale to the grid, contributing to its revenue. The company may also have strategic partnerships or joint ventures that enhance its production capabilities and market reach, further supporting its earnings. Sarda Energy & Minerals Limited leverages its vertically integrated operations to optimize costs and maximize profitability across its diverse business segments.

Sarda Energy & Minerals Limited Financial Statement Overview

Summary

Sarda Energy & Minerals Limited exhibits strong growth and profitability metrics, characterized by robust revenue growth and solid profit margins. The balance sheet is stable, with a strong equity position and moderate leverage. While cash flow generation is sufficient, the decline in free cash flow growth suggests potential challenges in managing capital expenditures.

Income Statement

Sarda Energy & Minerals Limited has shown strong revenue growth over the years, with a revenue growth rate of 24.5% from 2024 to 2025. The gross profit margin is also robust at 46.6% in 2025, indicating efficient cost management relative to revenue. The net profit margin improved to 14.5% in 2025, reflecting enhanced profitability. EBIT and EBITDA margins are significant, showcasing the company's ability to generate earnings before interest, taxes, depreciation, and amortization. However, the fluctuation in EBIT margin over the years suggests some volatility in operational efficiency.

Balance Sheet

The balance sheet of Sarda Energy & Minerals Limited is stable, with a debt-to-equity ratio of 0.45 in 2025, indicating a moderate level of leverage. The equity ratio stands at 62.1%, highlighting a strong equity base. The return on equity (ROE) is healthy at 11.1%, suggesting effective use of shareholder funds. However, the increase in total debt over the years warrants attention to potential leverage risk.

Cash Flow

The company has demonstrated a positive trend in operating cash flow, which increased by 17.7% from 2024 to 2025. The free cash flow to net income ratio is 0.56, indicating a reasonable conversion of net income into free cash flow. However, the free cash flow growth rate is negative, reflecting a decrease in free cash flow due to significant capital expenditures. The operating cash flow to net income ratio is 1.27, showing good cash generation relative to net earnings.

Breakdown	TTM	Dec 2025	Dec 2023	Dec 2022	Dec 2022	Dec 2021
Income Statement
Total Revenue	46.80B	48.15B	38.68B	38.84B	41.89B	21.82B
Gross Profit	20.25B	22.43B	12.42B	16.28B	16.94B	7.04B
EBITDA	13.96B	14.10B	9.79B	13.97B	11.09B	6.48B
Net Income	7.00B	7.00B	5.23B	8.04B	6.02B	3.75B
Balance Sheet
Total Assets	101.25B	101.25B	60.02B	52.98B	54.81B	45.21B
Cash, Cash Equivalents and Short-Term Investments	12.57B	12.57B	13.26B	7.33B	7.97B	3.12B
Total Debt	28.61B	28.61B	13.66B	15.81B	14.07B	17.14B
Total Liabilities	37.32B	37.32B	20.08B	21.90B	19.71B	21.99B
Stockholders Equity	62.86B	62.86B	38.89B	30.04B	34.10B	22.21B
Cash Flow
Free Cash Flow	0.00	3.95B	4.87B	6.35B	4.85B	-1.15B
Operating Cash Flow	0.00	8.86B	7.52B	9.17B	7.01B	1.89B
Investing Cash Flow	0.00	-21.32B	-4.34B	-4.01B	-4.31B	-1.86B
Financing Cash Flow	0.00	12.00B	-2.22B	-3.31B	-4.79B	-696.80M

Sarda Energy & Minerals Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 567.20
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SARDAEN, the sentiment is Neutral. The current price of 567.2 is below the 20-day moving average (MA) of 585.19, above the 50-day MA of 545.79, and above the 200-day MA of 483.95, indicating a neutral trend. The MACD of 6.94 indicates Positive momentum. The RSI at 47.36 is Neutral, neither overbought nor oversold. The STOCH value of 19.19 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:SARDAEN.

Sarda Energy & Minerals Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MAITHANALL	72 Outperform	₹32.40B	4.56	16.82%	1.44%	21.34%	-4.84%
GPIL	70 Outperform	₹171.72B	22.55	16.54%	0.39%	-2.12%	-22.09%
IMFA	68 Neutral	₹60.66B	16.95	16.13%	1.77%	-7.18%	-9.88%
MAHSEAMLES	65 Neutral	₹80.00B	9.11	12.26%	1.68%	-1.30%	0.51%
SHYAMMETL	65 Neutral	₹252.94B	27.27	8.60%	0.50%	18.34%	-20.59%
SARDAEN	64 Neutral	₹199.87B	21.37	―	0.26%	42.96%	69.78%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

Sarda Energy & Minerals Limited Corporate Events

Sarda Energy & Minerals Wins Bid for Senduri Coal Mine

Sarda Energy & Minerals Limited has announced that it has been declared the successful bidder for the Senduri Coal Mine located in the districts of Shahdol and Umaria, Madhya Pradesh. This acquisition involves a 9.50% revenue sharing agreement with the State Government and includes geological reserves of 248.54 million tonnes of G9 grade coal. This development is expected to enhance the company’s resource base and strengthen its position in the coal mining sector.

Sarda Energy & Minerals to Participate in Global Stage Conference

Sarda Energy & Minerals Limited announced its participation in the ‘Powering Through – India on the Global Stage’ conference organized by Centrum Broking. The company will engage in virtual meetings with analysts and institutional investors, ensuring that only publicly available information is discussed, which highlights its commitment to transparency and regulatory compliance.