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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
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.
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.
Shyam Metalics & Energy (SMEL) today unveiled a Rs 2,700 crore strategic growth expansion programme. The investment will be funded entirely through internal accruals and is aimed at expanding higher-margin product offerings, driving incremental topline growth, and strengthening long-term earnings quality. The proposed expansion plan will be placed before the Board of Directors for the formal approval at its forthcoming meeting.
This investment is in addition to the Company's previously announced Rs 16,060 crore capex pipeline, of which approximately Rs 8,700 crore has already been invested. The remaining balance is under phased execution over the next 3 to 4 years, reinforcing a long-term growth roadmap focused on capacity-led topline expansion alongside profitability enhancement.
Commenting on the developments, Brij Bhushan Agarwal, Chairman and Managing Director, Shyam Metalics and Energy, said, “This marks the next phase of Shyam Metalics' evolution from scale led growth to value-led growth. Our objective is not simply to add capacity, but to build stronger positions in sophisticated, higher-margin product categories that can drive sustainable returns over the long term. The investments in specialty steel and advanced stainless downstream products will help us move further up the value chain, support import substitution, and strengthen India's manufacturing capabilities. Importantly, these expansions are being funded entirely through internal accruals, reflecting both our balance sheet strength and disciplined approach to growth. We are confident that the integration of these stainless steel offerings will catalyze manifold growth in both our topline and profit margins. With these projects, we are building a stronger, more resilient and globally competitive metals platform, one that is aligned with India's industrial ambitions while delivering long-term value for customers, communities and shareholders.”
The company will invest Rs 900 crore in an 8,00,000 TPA Special Bar Quality (SBQ) and Specialty Wire Rod & Bar Mill. The project will enable entry into premium steel categories with stronger realizations and higher-margin applications across automotive, engineering, infrastructure, and industrial segments
The investment is expected to increase the share of high-realisation value-added products, Improve blended product margins, support incremental topline growth from premium segments and open opportunities in export-oriented and precision steel markets.
In addition, the company is advancing its stainless steel growth strategy with a further Rs 1,800 crore investment to expand stainless steel capacity. Key downstream additions under the expansion include an expanded stainless steel melt shop, capacity enhancement in the hot strip mill, a major cold rolling expansion, a new reversible cold rolling mill, a hot rolled annealing and pickling line, a cold annealing and pickling line, and a bright annealing line.
With these additions, cumulative investment in the stainless steel segment will increase from Rs 1,030 crore to Rs 2,830 crore
This investment is in addition to the company’s previously announced Rs 16,060 crore capex pipeline, of which around Rs 8,700 crore has already been invested. The remaining balance is under phased execution over the next three to four years, reinforcing the company’s long-term growth roadmap focused on capacity-led topline expansion and profitability enhancement.
Brij Bhushan Agarwal, chairman and managing director, Shyam Metalics and Energy, said, “This marks the next phase of Shyam Metalics’ evolution from scaleled growth to value-led growth. Our objective is not simply to add capacity, but to build stronger positions in sophisticated, higher-margin product categories that can drive sustainable returns over the long term. The investments in specialty steel and advanced stainless downstream products will help us move further up the value chain, support import substitution, and strengthen India’s manufacturing capabilities. Importantly, these expansions are being funded entirely through internal accruals, reflecting both our balance sheet strength and disciplined approach to growth.”
Meanwhile, the company’s board is scheduled to meet on Monday, 11 May 2026, to declare the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. In addition, the board will also consider a final dividend for FY26.
Shyam Metalics and Energy is a leading integrated metal-producing company based in India with a focus on long steel products and ferro alloys. The company is amongst 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.
The company’s consolidated net profit fell 0.2% marginally to Rs 197.24 crore in Q3 FY26 compared with Rs 197.71 crore in Q3 FY25. Net sales jumped 17.7% YoY to Rs 4421.46 crore in Q3 FY26.
In addition, the company has commissioned a 2,300 mm vertical foil separator (LGSS), which enables precise separation of ultra-light gauge (ULG) and light gauge (LG) foil across a thickness range of 6 to 15 microns. This development will allow the company to cater to specialized customer requirements with improved precision.
The combined upgrades are expected to enhance process control and strengthen manufacturing capabilities at the Pakuria unit, while supporting the company’s strategy to expand its value-added product portfolio.
Brij Bhushan Agarwal, chairman & managing director, Shyam Metalics and Energy, said, 'We are continuously working on strengthening our operations through targeted upgrades and better processes. The additions at Pakuria will help us improve efficiency and deliver more consistent, high-quality products to our customers. As demand evolves, we are focused on building the right capabilities to respond quickly and effectively.'
Shyam Metalics and Energy is a leading integrated metal-producing company based in India with a focus on long steel products and ferro alloys. The company is amongst the largest producers of ferro alloys, one of the leading players in terms of pellet capacity and the fourth. Shyam Metalics and Energy is a leading integrated metal-producing company based in India with a focus on long steel products and ferro alloys. The company is amongst 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. On a year-on-year (YoY) basis, the company’s net profit declined marginally by 0.23%, while revenue from operations jumped 17.70% in Q3 FY26.
The counter slipped 3.28% to Rs 824.50 on the BSE.