Shyam Metalics & Energy Ltd Share Price – NSE  / BSE

Steel, Small Cap

Shyam Metalics & Energy announced that the Board of Directors of the Company at its meeting held on 11 May 2026, inter alia, have recommended the final dividend of Rs 2.7 per equity Share (i.e. 27%) , subject to the approval of the shareholders.

Revenue from operations jumped 26.34% YoY to Rs 5,240.36 crore for the quarter ended 31 March 2026.

Total expenses increased 24.24% YoY to Rs 4,513.48 crore in Q4 FY26. The cost of materials consumed stood at Rs 3,848.63 crore, up 32.62% YoY, while employee benefit expenses rose 22.72% YoY to Rs 134.34 crore.

Profit before tax (PBT) stood at Rs 456.30 crore in Q4 FY26, registering a growth of 53.53% from Rs 297.17 crore reported in the corresponding quarter previous year.

On a full-year basis, the company's consolidated net profit jumped 16.6% to Rs 1,060.17 crore on a 22.39% rise in revenue from operations to Rs 18,552.21 crore in FY26 over FY25.

Meanwhile, the company?s board recommended a final dividend of Rs 2.70 per equity share of face value Rs 10 each for FY26, subject to shareholders? approval at the ensuing annual general meeting (AGM).

Further, the company has approved a capital expenditure plan of Rs 2,700 crore to expand its speciality steel and stainless steel capacities. The expansion includes setting up a long and specialty wire rod and bar mill with a furnace capacity of 800,000 tonnes per annum at Kharagpur with an investment of Rs 900 crore and expansion of stainless steel capacity at Sambalpur from 0.50 MTPA to 0.60 MTPA along with downstream facilities such as cold rolling, hot rolling, annealing, and pickling lines involving an investment of Rs 1,800 crore. Both projects are scheduled for commissioning by March 2029.

Shyam Metalics and Energy is a leading integrated metal-producing company based in India with a focus on long steel products and ferroalloys. The company is among the largest producers of ferro alloys, one of the leading players in terms of pellet capacity, and the fourth largest player in the sponge iron industry in terms of sponge iron capacity in India.

Shares of Shyam Metalics and Energy fell 1.35% to Rs 891.50 on the BSE.

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Net profit of Shyam Metalics & Energy rose 45.87% to Rs 319.09 crore in the quarter ended March 2026 as against Rs 218.75 crore during the previous quarter ended March 2025. Sales rose 26.60% to Rs 5240.36 crore in the quarter ended March 2026 as against Rs 4139.36 crore during the previous quarter ended March 2025.

For the full year,net profit rose 17.85% to Rs 1070.24 crore in the year ended March 2026 as against Rs 908.10 crore during the previous year ended March 2025. Sales rose 22.39% to Rs 18552.21 crore in the year ended March 2026 as against Rs 15158.63 crore during the previous year ended March 2025.

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The board of Shyam Metalics & Energy at its meeting held on 11 May 2026 has approved new projects/ expansion plan of the company and its subsidiaries involving capital expenditure of Rs 2,700 crore as follows:

Details of approved projects:

1. Long & Speciality Wire Road and Bar Mill (SBQ Mill) with furnace at Kharagpur
Capacity - 8,00,000 TPA
Budget - Rs 900 crore
Expected commissioning - 31 March 2029

2. Expansion of Stainless Steel with downstream facilities from 0.50 MTPA TO 0.60 MTPA with SS Cold Rolling Mill, SS Precision Cold Rolling Mill, S Hot Rolling Annealing & Pickling Line and SS Bright Annealing Line at Sambalpur.
Capacity - 6,00,000 TPA
Budget - Rs 1800 crore
Expected commissioning - 01 March 2029