Shyam Metalics & Energy consolidated net profit rises 36.29% in the June 2024 quarter

Shyam Metalics and Energy added 2.37% to Rs 726.45 after the company reported 35.31% jump in consolidated net profit to Rs 276.14 crore in Q1 FY25 from Rs 204.08 crore in Q1 FY24.

Shyam Metalics gains as Q1 PAT jumps 35% YoY to Rs 276 cr

Shyam Metalics & Energy appoints director

In addition to the ongoing capex, Board has approved capex of Rs 7 billion for aluminium FRP (backward integration)

Shyam Metalics Q4 Review - Surpasses Estimates; Capacity Ramp-Up To Maintain Momentum: ICICI Securities

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The company allotted 2.4 crore shares to 38 qualified institutional buyers at the issue price of Rs 576 per share, which is a 3.62% discount on the floor price of Rs 597.63 set by the board.

Shyam Metalics Raise Rs 1,385 Crore Via QIP

India Market Open | Wockhardt And Shyam Metalics In Focus | NDTV Profit - How are #Wockhardt’s drug trials doing so far?- What’s next for #ShyamMetalics after launching a Rs 3,600 crore QIP?Samina Nalwala, Tamanna Inamdar and Niraj Shah speak to the companies’ management on ‘India Market Open’.

India Market Open | Wockhardt And Shyam Metalics In Focus | NDTV Profit

Capacity ramp up offsets the impact of subdued realisation

Shyam Metalics - Steady Operating Performance: ICICI Securities

ICICI Securities is bullish on Shyam Metalics and Energy recommended buy rating on the stock with a target price of Rs 690 in its research report dated August 12, 2023.

Buy Shyam Metalics and Energy; target of Rs 690: ICICI Securities

Shyam Metalics has announced a new capex of close to INR 3,900 crore ($525m) and it is adding more capacity for speciality alloys, power gen and different products. The company aims to see a 15-20% YoY CAGR and the bottom and top lines are set to improve. Despite muted numbers recently, margin has r…

Shyam Metalics expects a CAGR of 15-20% Y-o-Y; both bottom line and top line to improve: B Bhushan Agarwal

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Shyam Metalics & Energy is manufacturer of steel billets, Ferro alloys, sponge iron, iron pellets and TMT and structural products and pipes.