Shyam Metalics and Energy Ltd Announces Financial Results, Final Dividend Recommendation, and ₹2,700 Crore Expansion Plan
Shyam Metalics and Energy Limited announced key corporate actions, including the release of its audited financial results for the financial year ended March 31, 2026, a recommendation for a final dividend, and the approval of a major capital expenditure plan involving expansion across multiple divisions.The company’s Board of Directors, meeting on May 11, 2026, reviewed and approved the audited financial results for the Fourth Quarter and the full financial year ended March 31, 2026. The statutory auditors, M/s. MSKA & Associates, LLP, issued the results with an unmodified opinion.
The Board also recommended a Final Dividend of ₹2.70 per Equity Share for the financial year 2025-26. This dividend represents 27% of the Face Value of ₹10/- each, subject to the approval of the company's shareholders at the ensuing Annual General Meeting.
Major Capital Expenditure Approved
In a significant strategic move, the Board of Directors approved a new projects/expansion plan involving substantial capital expenditure (CAPEX). The total estimated capital expenditure for these projects is ₹2,700 crore.The expansion plan outlines facilities for both the company and its subsidiaries:
| Project Details | Location | Capacity | Expected Commissioning Date |
|---|---|---|---|
| Long & Speciality Wire Road and Bar Mill (SBQ Mill) with furnace | Kharagpur | 8,00,000 TpA | March 31, 2029 |
| Expansion of Stainless Steel with downstream facilities (upgrading capacity from 0.50 MTPA to 0.60 MTPA) via SS Cold Rolling Mill, SS Precision Cold Rolling Mill, S Hot Rolling Annealing & Pickling Line and SS Bright Annealing Line. | Sambalpur | 6.00.000 g TPA | March 1, 2029 |
These investments are expected to significantly enhance the company's manufacturing capacity and strengthen its market position. The projects are proposed to be funded through an appropriate mix of internal accruals and borrowings.
Financial Performance Summary
The audited financial statements for the quarter and year ended March 31, 2026, detail the company's financial performance.Key figures from the audited standalone financial results for the period ended March 31, 2026, are presented below:
| Particulars | Year Ended 31 March 2026 (Audited) | Year Ended 31 March 2025 (Audited) |
|---|---|---|
| Revenue from operations | 5,240.36 | 4,147.85 |
| Total income | 18,552.24 | 15,158.63 |
| Total expenses | 717.10 | 6,623.68 |
| Earnings before interest, depreciation and amortisation | 1,033.92 | 921.34 |
| Total comprehensive income | 554.82 | 544.69 |
| Total assets | 5,530.03 | 7,423.28 |
| Total equity and liabilities | 8,723.26 | 7,423.28 |
Corporate Governance Updates
The Board of Directors also approved the appointment of external auditors for the financial year 2026-27:- Internal Auditors: M/s. Ernst & Young LLP, appointed for the Financial Year 2026-27.
- Cost Auditors: M/s. BSS & Associates, appointed for the Financial Year 2026-27.
The company remains engaged in the manufacturing of steel and allied products, including pellets, sponge iron, MS billets, TMT and long products, specialiy alloys, colour coated sheets, aluminium foil, pig iron, and stainless steel, alongside power generation for captive consumption.
SHYAMMETL Stock Price Movement
Shares of Shyam Metalics and Energy Limited are edging higher to ₹931 as of 1:57 PM today, having surged 3.04% in live trading. The stock is showing robust investor interest, with a volume of 767,891 shares trading, indicating strong market momentum in the capital goods sector.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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