View Financial HealthSandur Manganese & Iron Ores 配当と自社株買い配当金 基準チェック /36Sandur Manganese & Iron Ores配当を支払う会社であり、現在の利回りは0.24%で、収益によって十分にカバーされています。主要情報0.2%配当利回りn/aバイバック利回り総株主利回りn/a将来の配当利回りn/a配当成長4.4%次回配当支払日n/a配当落ち日n/a一株当たり配当金n/a配当性向4%最近の配当と自社株買いの更新Upcoming Dividend • Sep 03Upcoming dividend of ₹1.25 per shareEligible shareholders must have bought the stock before 10 September 2025. Payment date: 17 October 2025. Payout ratio is a comfortable 4.3% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (2.8%).Declared Dividend • Aug 11Dividend increased to ₹1.25Dividend of ₹1.25 is 25% higher than last year. Ex-date: 10th September 2025 Payment date: 17th October 2025 Dividend yield will be 0.3%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is well covered by both earnings (4% earnings payout ratio) and cash flows (3% cash payout ratio). The dividend has increased by an average of 9.6% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 7.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Sep 19The Sandur Manganese & Iron Ores Limited Approves Declaration of Dividend for the Financial Year Ended March 31, 2024The Sandur Manganese & Iron Ores Limited approved declaration of dividend of INR 1 per equity share of face value of INR 10 each for the financial year ended 31 March 2024, at the AGM held on September 18, 2024.Upcoming Dividend • Sep 04Upcoming dividend of ₹1.00 per shareEligible shareholders must have bought the stock before 11 September 2024. Payment date: 18 October 2024. Payout ratio is a comfortable 6.8% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.0%). Lower than average of industry peers (1.6%).Declared Dividend • Aug 07Dividend of ₹1.00 announcedShareholders will receive a dividend of ₹1.00. Ex-date: 11th September 2024 Payment date: 18th October 2024 Dividend yield will be 0.2%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is well covered by both earnings (7% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 92% to shift the payout ratio to a potentially unsustainable range, which is more than the 5.5% EPS decline seen over the last 5 years.お知らせ • Sep 21The Sandur Manganese & Iron Ores Limited Declares Dividend for the Financial Year Ended 31 March 2023The Sandur Manganese & Iron Ores Limited at its 69th Annual General Meeting held on 20 September 2023, approved to declare a dividend of INR 5 per equity share of face value of INR 10 each for the financial year ended 31 March 2023.すべての更新を表示Recent updatesReported Earnings • May 09Full year 2026 earnings released: EPS: ₹13.51 (vs ₹9.68 in FY 2025)Full year 2026 results: EPS: ₹13.51 (up from ₹9.68 in FY 2025). Revenue: ₹51.6b (up 65% from FY 2025). Net income: ₹6.57b (up 40% from FY 2025). Profit margin: 13% (down from 15% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth.Buy Or Sell Opportunity • May 08Now 27% overvalued after recent price riseOver the last 90 days, the stock has risen 14% to ₹241. The fair value is estimated to be ₹190, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last 3 years. Earnings per share has grown by 27%.お知らせ • May 04The Sandur Manganese & Iron Ores Limited to Report Q4, 2026 Results on May 07, 2026The Sandur Manganese & Iron Ores Limited announced that they will report Q4, 2026 results on May 07, 2026Reported Earnings • Feb 05Third quarter 2026 earnings released: EPS: ₹2.38 (vs ₹2.83 in 3Q 2025)Third quarter 2026 results: EPS: ₹2.38 (down from ₹2.83 in 3Q 2025). Revenue: ₹12.4b (up 30% from 3Q 2025). Net income: ₹1.16b (down 16% from 3Q 2025). Profit margin: 9.4% (down from 14% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth.Buy Or Sell Opportunity • Jan 30Now 21% undervaluedOver the last 90 days, the stock has risen 2.3% to ₹222. The fair value is estimated to be ₹279, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 12%.Buy Or Sell Opportunity • Jan 09Now 20% undervaluedOver the last 90 days, the stock has risen 9.5% to ₹225. The fair value is estimated to be ₹282, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 12%.Valuation Update With 7 Day Price Move • Dec 24Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₹241, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 23x in the Metals and Mining industry in India. Total returns to shareholders of 465% over the past three years.Reported Earnings • Nov 08Second quarter 2026 earnings released: EPS: ₹2.85 (vs ₹0.66 in 2Q 2025)Second quarter 2026 results: EPS: ₹2.85 (up from ₹0.66 in 2Q 2025). Revenue: ₹12.4b (up 378% from 2Q 2025). Net income: ₹1.39b (up 331% from 2Q 2025). Profit margin: 11% (down from 12% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 73% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Oct 09Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ₹203, the stock trades at a trailing P/E ratio of 20.1x. Average trailing P/E is 24x in the Metals and Mining industry in India. Total returns to shareholders of 423% over the past three years.New Risk • Oct 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (65% net debt to equity). Share price has been volatile over the past 3 months (6.8% average weekly change). Profit margins are more than 30% lower than last year (13% net profit margin).Upcoming Dividend • Sep 03Upcoming dividend of ₹1.25 per shareEligible shareholders must have bought the stock before 10 September 2025. Payment date: 17 October 2025. Payout ratio is a comfortable 4.3% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (2.8%).お知らせ • Aug 26+ 2 more updatesThe Sandur Manganese & Iron Ores Limited to Report Q4, 2026 Results on May 30, 2026The Sandur Manganese & Iron Ores Limited announced that they will report Q4, 2026 results on May 30, 2026Declared Dividend • Aug 11Dividend increased to ₹1.25Dividend of ₹1.25 is 25% higher than last year. Ex-date: 10th September 2025 Payment date: 17th October 2025 Dividend yield will be 0.3%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is well covered by both earnings (4% earnings payout ratio) and cash flows (3% cash payout ratio). The dividend has increased by an average of 9.6% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 7.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.New Risk • Aug 09New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 13% Last year net profit margin: 23% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (65% net debt to equity). Profit margins are more than 30% lower than last year (13% net profit margin).Reported Earnings • Aug 09First quarter 2026 earnings released: EPS: ₹10.28 (vs ₹8.92 in 1Q 2025)First quarter 2026 results: EPS: ₹10.28 (up from ₹8.92 in 1Q 2025). Revenue: ₹11.5b (up 91% from 1Q 2025). Net income: ₹1.67b (up 15% from 1Q 2025). Profit margin: 14% (down from 24% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 51% per year, which means it is well ahead of earnings.お知らせ • Aug 08The Sandur Manganese & Iron Ores Limited, Annual General Meeting, Sep 17, 2025The Sandur Manganese & Iron Ores Limited, Annual General Meeting, Sep 17, 2025, at 11:00 Indian Standard Time.New Risk • Jun 03New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.3% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks High level of debt (65% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • May 29Full year 2025 earnings released: EPS: ₹29.02 (vs ₹14.78 in FY 2024)Full year 2025 results: EPS: ₹29.02 (up from ₹14.78 in FY 2024). Revenue: ₹32.1b (up 156% from FY 2024). Net income: ₹4.70b (up 96% from FY 2024). Profit margin: 15% (down from 19% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.Buy Or Sell Opportunity • May 10Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 31% to ₹505. The fair value is estimated to be ₹420, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 67%.New Risk • May 07New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 10.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company.Buy Or Sell Opportunity • Apr 16Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 21% to ₹476. The fair value is estimated to be ₹388, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 67%.お知らせ • Mar 25The Sandur Manganese & Iron Ores Limited Redesignates Anand Sen from the Position of Independent Director to Non-Executive DirectorThe Sandur Manganese & Iron Ores Limited informed Stock Exchanges that the Board of Directors at its 378th meeting held on 24 March 2025, redesignated Anand Sen (DIN: 00237914) from the position of Independent Director to Non-Executive Director of the Company, with effect from 25 March 2025, based on the recommendation of the Nomination and Remuneration Committee. Reason for change: The Board, based on the recommendation of the Nomination and Remuneration Committee, appointed Anand Sen as Independent Director of the Company for a period of five years from 15 May 2024 to 14 May 2029. The same was subsequently approved by the shareholders of the Company vide resolution passed through Postal Ballot on 19 July 2024. Considering the extensive experience and leadership of Anand Sen in the steel industry, the Board opined that it would be in the best interest of the Company to avail services of Anand Sen in his professional capacity as a Consultant in Arjas Steel Private Limited and Arjas Modern Steel Private Limited, Material Subsidiaries of the Company. This necessitated a change in designation of Anand Sen from Independent Director to Non- Executive Director of the Company. Anand Sen is an Engineer from IIT Kharagpur and holds a postgraduate diploma in Business Management (Marketing) from IIM Kolkata, and an Executive MBA degree from CEDEP at INSEAD, France. A strategic visionary with a keen understanding of international markets, he brings extensive experience in driving growth, fostering innovation, and optimizing operations. Recognized for building high-performance teams and implementing transformative strategies that enhance profitability and shareholder value. Dynamic and results-driven leader with a proven track record of driving global organizations to unprecedented success. He has been associated with the Tata Group for about 4 decades and have held several key leadership positions within the Group. He has handled various roles in Tata Steel, India over a period of 1981 and 2019. He led the overall strategic direction and operations of Tata International as Managing Director, for over 2 years.お知らせ • Mar 12The Sandur Manganese & Iron Ores Limited Announces Resignation of Krishnendu Sanyal as Chief Executive OfficerThe Sandur Manganese & Iron Ores Limited announced that Krishnendu Sanyal has conveyed his decision to resign from the position of Chief Executive Officer of the Company, due to personal reasons with effect from Monday, 10 March 2025. The Company has accepted his resignation.Valuation Update With 7 Day Price Move • Mar 07Investor sentiment improves as stock rises 24%After last week's 24% share price gain to ₹481, the stock trades at a trailing P/E ratio of 16.3x. Average trailing P/E is 21x in the Metals and Mining industry in India. Total returns to shareholders of 151% over the past three years.Buy Or Sell Opportunity • Mar 06Now 27% overvaluedOver the last 90 days, the stock has fallen 8.7% to ₹481. The fair value is estimated to be ₹380, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 67%.Valuation Update With 7 Day Price Move • Feb 21Investor sentiment improves as stock rises 24%After last week's 24% share price gain to ₹428, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 21x in the Metals and Mining industry in India. Total returns to shareholders of 183% over the past three years.New Risk • Feb 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.Reported Earnings • Feb 15Third quarter 2025 earnings released: EPS: ₹8.48 (vs ₹0.56 in 3Q 2024)Third quarter 2025 results: EPS: ₹8.48 (up from ₹0.56 in 3Q 2024). Revenue: ₹9.72b (up ₹8.19b from 3Q 2024). Net income: ₹1.37b (up ₹1.28b from 3Q 2024). Profit margin: 14% (up from 5.9% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance.Valuation Update With 7 Day Price Move • Dec 19Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₹418, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 26x in the Metals and Mining industry in India. Total returns to shareholders of 201% over the past three years.Valuation Update With 7 Day Price Move • Nov 28Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ₹504, the stock trades at a trailing P/E ratio of 23.4x. Average trailing P/E is 25x in the Metals and Mining industry in India. Total returns to shareholders of 375% over the past three years.Reported Earnings • Nov 14Second quarter 2025 earnings released: EPS: ₹1.98 (vs ₹1.67 in 2Q 2024)Second quarter 2025 results: EPS: ₹1.98 (up from ₹1.67 in 2Q 2024). Revenue: ₹2.85b (up 54% from 2Q 2024). Net income: ₹321.4m (up 19% from 2Q 2024). Profit margin: 11% (down from 15% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance.お知らせ • Nov 13The Sandur Manganese & Iron Ores Limited (BSE:504918) completed the acquisition of 98.94% stake in Arjas Steel Pvt Ltd from Blue Coral Investment Holdings Pte. Limited and Arjas Steel Employee Benefit Trust for INR 20 billion.The Sandur Manganese & Iron Ores Limited (BSE:504918) entered into a share purchase agreement to acquire 80% stake in Arjas Steel Pvt Ltd from Blue Coral Investment Holdings Pte. Limited and Arjas Steel Employee Benefit Trust on April 25, 2024. The enterprise value of ASPL is approximately INR 30 billion. To acquire 80% equity stake in Arjas Steel Pvt Ltd, equity value will be decided basis customary and agreed adjustments to the enterprise value at the closing date. As of November 4, 2024, The Sandur Manganese & Iron Ores Limited entered into an amendment agreement to acquire additional stake of up to 19.12% in Arjas Steel Pvt Ltd aggregating up to 99.12%. As of March 31, 2024 Arjas Steel Pvt Ltd reported revenue of INR 2.6 billion. The transaction is subject to customary closing conditions as per the share purchase agreement (SPA) and approval of the competition commission of India. The deal has been approved by the board. Subsequent to the quarter end, on July 18, 2024, the acquisition has received approval from Competition Commission of India. The acquisition of Arjas Steel Pvt Ltd is expected to complete within seven months. As of November 4, 2024, the acquisition is expected to be completed on or before November 15, 2024. Ernst & Young Private Limited, Investment Banking Arm acted as financial advisor to The Sandur Manganese & Iron Ores Limited. Smruti Shah and Soumya Srivastava, Kaustav Kundu and Kunal Savani of Cyril Amarchand Mangaldas acted as legal advisor to Blue Coral Investment Holdings Pte. Limited and Arjas Steel Employee Benefit Trust. The Sandur Manganese & Iron Ores Limited (BSE:504918) completed the acquisition of 98.94% stake in Arjas Steel Pvt Ltd from Blue Coral Investment Holdings Pte. Limited and Arjas Steel Employee Benefit Trust for INR 20 billion on November 11, 2024.お知らせ • Sep 19The Sandur Manganese & Iron Ores Limited Approves Declaration of Dividend for the Financial Year Ended March 31, 2024The Sandur Manganese & Iron Ores Limited approved declaration of dividend of INR 1 per equity share of face value of INR 10 each for the financial year ended 31 March 2024, at the AGM held on September 18, 2024.Upcoming Dividend • Sep 04Upcoming dividend of ₹1.00 per shareEligible shareholders must have bought the stock before 11 September 2024. Payment date: 18 October 2024. Payout ratio is a comfortable 6.8% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.0%). Lower than average of industry peers (1.6%).お知らせ • Aug 27+ 2 more updatesThe Sandur Manganese & Iron Ores Limited to Report Q2, 2025 Results on Nov 14, 2024The Sandur Manganese & Iron Ores Limited announced that they will report Q2, 2025 results on Nov 14, 2024Declared Dividend • Aug 07Dividend of ₹1.00 announcedShareholders will receive a dividend of ₹1.00. Ex-date: 11th September 2024 Payment date: 18th October 2024 Dividend yield will be 0.2%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is well covered by both earnings (7% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 92% to shift the payout ratio to a potentially unsustainable range, which is more than the 5.5% EPS decline seen over the last 5 years.お知らせ • Aug 06The Sandur Manganese & Iron Ores Limited, Annual General Meeting, Sep 18, 2024The Sandur Manganese & Iron Ores Limited, Annual General Meeting, Sep 18, 2024, at 11:00 Indian Standard Time.Reported Earnings • Aug 06First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: ₹6.25b (up 72% from 1Q 2024). Net income: ₹1.44b (up 262% from 1Q 2024). Profit margin: 23% (up from 11% in 1Q 2024). The increase in margin was driven by higher revenue.お知らせ • Aug 01The Sandur Manganese & Iron Ores Limited to Report Q1, 2025 Results on Aug 05, 2024The Sandur Manganese & Iron Ores Limited announced that they will report Q1, 2025 results on Aug 05, 2024Recent Insider Transactions • May 29Company Secretary recently sold ₹27m worth of stockOn the 21st of May, Mohammed Saleem sold around 50k shares on-market at roughly ₹534 per share. This transaction amounted to 92% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹45m more than they bought in the last 12 months.Reported Earnings • May 17Full year 2024 earnings released: EPS: ₹14.78 (vs ₹16.87 in FY 2023)Full year 2024 results: EPS: ₹14.78 (down from ₹16.87 in FY 2023). Revenue: ₹13.3b (down 37% from FY 2023). Net income: ₹2.39b (down 12% from FY 2023). Profit margin: 18% (up from 13% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings.お知らせ • May 16+ 1 more updateThe Sandur Manganese & Iron Ores Limited Announces Resignation of Jagadish Rao Kote as Independent DirectorThe Sandur Manganese & Iron Ores Limited announced the resignation of Jagadish Rao Kote as Independent Director of the Company, due to personal reasons with immediate effect.お知らせ • May 09The Sandur Manganese & Iron Ores Limited to Report Q4, 2024 Results on May 15, 2024The Sandur Manganese & Iron Ores Limited announced that they will report Q4, 2024 results on May 15, 2024お知らせ • Apr 26The Sandur Manganese & Iron Ores Limited (BSE:504918) entered into and Share Purchase Agreement to acquire 80% stake of Arjas Steel Pvt Ltd.The Sandur Manganese & Iron Ores Limited (BSE:504918) entered into and Share Purchase Agreement to acquire 80% stake of Arjas Steel Pvt Ltd on April 25, 2024. The enterprise value of ASPL is approximately INR 30 billion. To acquire an 80% equity stake in ASPL, equity value willbe decided basis customary and agreed adjustments to the enterprise value at the closing date. The transaction is subject to customary closing conditions as per the Share Purchase Agreement (SPA) and approval of the Competition Commission of India. Consolidated turnover for FY 2022-23 of ASPL is INR 28.76 billion. The acquisition of ASPL is expected to complete within seven months.Valuation Update With 7 Day Price Move • Apr 24Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ₹544, the stock trades at a trailing P/E ratio of 35.3x. Average trailing P/E is 24x in the Metals and Mining industry in India. Total returns to shareholders of 644% over the past three years.Valuation Update With 7 Day Price Move • Feb 20Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₹438, the stock trades at a trailing P/E ratio of 28.4x. Average trailing P/E is 24x in the Metals and Mining industry in India. Total returns to shareholders of 694% over the past three years.New Risk • Feb 19New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: ₹7.3m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Significant insider selling over the past 3 months (₹7.3m sold).Reported Earnings • Feb 09Third quarter 2024 earnings released: EPS: ₹0.56 (vs ₹2.56 in 3Q 2023)Third quarter 2024 results: EPS: ₹0.56 (down from ₹2.56 in 3Q 2023). Revenue: ₹1.68b (down 57% from 3Q 2023). Net income: ₹90.7m (down 78% from 3Q 2023). Profit margin: 5.4% (down from 11% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 44% per year, which means it is well ahead of earnings.お知らせ • Feb 01The Sandur Manganese & Iron Ores Limited to Report Q3, 2024 Results on Feb 08, 2024The Sandur Manganese & Iron Ores Limited announced that they will report Q3, 2024 results on Feb 08, 2024Valuation Update With 7 Day Price Move • Jan 25Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₹3,201, the stock trades at a trailing P/E ratio of 30.7x. Average trailing P/E is 24x in the Metals and Mining industry in India. Total returns to shareholders of 813% over the past three years.New Risk • Dec 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Dec 07Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ₹1,874, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 22x in the Metals and Mining industry in India. Total returns to shareholders of 479% over the past three years.Recent Insider Transactions • Nov 28Chairman Emeritus recently sold ₹5.6m worth of stockOn the 24th of November, Shivrao Ghorpade sold around 3k shares on-market at roughly ₹1,591 per share. This transaction amounted to 6.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹17m more than they bought in the last 12 months.Reported Earnings • Nov 09Second quarter 2024 earnings released: EPS: ₹10.02 (vs ₹8.24 in 2Q 2023)Second quarter 2024 results: EPS: ₹10.02 (up from ₹8.24 in 2Q 2023). Revenue: ₹2.03b (down 58% from 2Q 2023). Net income: ₹269.8m (up 23% from 2Q 2023). Profit margin: 13% (up from 4.6% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings.お知らせ • Nov 09the Sandur Manganese & Iron Ores Limited Approves Appointment of Mohammed Abdul Saleem as Company Secretary & Compliance Officer, Effective from 21 November 2023The Sandur Manganese & Iron Ores Limited approved Appointment of Mohammed Abdul Saleem, Whole Time Director as Company Secretary & Compliance Officer of the Company. Company with effect from 21 November 2023, based on the recommendation of Nomination and Remuneration Committee. He will be redesignated as Whole Time Director, Company Secretary & Compliance Officer. Mohammed Abdul Saleem holds Bachelor's Degree in Commerce (B. Com) and Bachelor's Degree in Law (LLB) from Osmania University. He is a Fellow Member of the Institute of Company Secretaries of India, New Delhi. He has garnered vast experience working with organizations dealing with ferroalloy and power businesses before joining SMIORE as a Company Secretary in 2005. While serving as Company Secretary and later as the Chief General Manager of Mines, Saleem played a crucial role during the Hon'ble Supreme Court's suspension of mining operations arising due to a PIL regarding illegal mining. He has significantly contributed to the company by streamlining mining operations and ensuring compliances, which has resulted in both the mining leases of SMIORE being awarded Five Star Rating consecutively for the last six years by the Ministry of Mines and Indian Bureau of Mines. Saleem has also played the role of SMIORE's nominee director on the boards of a couple of companies and contributed to their revival.お知らせ • Sep 27The Sandur Manganese & Iron Ores Limited Announces Resignation of Bijan Kumar Dash as Company Secretary and Compliance OfficerThe Sandur Manganese & Iron Ores Limited announced that the Bijan Kumar Dash conveyed his decision to resign from the post of Company Secretary and Compliance Officer of the Company, due to his personal reasons. He will continue to discharge his duties as the Company Secretary and Compliance Officer of the Company, until the close of business hours on 20 November 2023 to facilitate smooth transition. The Company has accepted his resignation.お知らせ • Sep 21The Sandur Manganese & Iron Ores Limited Declares Dividend for the Financial Year Ended 31 March 2023The Sandur Manganese & Iron Ores Limited at its 69th Annual General Meeting held on 20 September 2023, approved to declare a dividend of INR 5 per equity share of face value of INR 10 each for the financial year ended 31 March 2023.Upcoming Dividend • Sep 06Upcoming dividend of ₹5.00 per share at 0.3% yieldEligible shareholders must have bought the stock before 13 September 2023. Payment date: 20 October 2023. Payout ratio is a comfortable 4.9% but the company is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (6.9%).Recent Insider Transactions • Sep 03Chairman Emeritus recently sold ₹1.7m worth of stockOn the 31st of August, Shivrao Ghorpade sold around 1k shares on-market at roughly ₹1,342 per share. This transaction amounted to 2.4% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹4.4m. Insiders have been net sellers, collectively disposing of ₹11m more than they bought in the last 12 months.お知らせ • Aug 30The Sandur Manganese & Iron Ores Limited Proposes Dividend for the Financial Year Ended 31 March 2023The Sandur Manganese & Iron Ores Limited at its 69th Annual General Meeting will be held on 20 September 2023, proposed to declare a dividend of INR 5 per equity share of face value of INR 10 each for the financial year ended 31 March 2023.お知らせ • Aug 22The Sandur Manganese & Iron Ores Limited, Annual General Meeting, Sep 20, 2023The Sandur Manganese & Iron Ores Limited, Annual General Meeting, Sep 20, 2023. Agenda: To consider approval of dividend payment.Reported Earnings • Aug 04First quarter 2024 earnings released: EPS: ₹14.03 (vs ₹12.53 in 1Q 2023)First quarter 2024 results: EPS: ₹14.03 (up from ₹12.53 in 1Q 2023). Revenue: ₹3.81b (down 42% from 1Q 2023). Net income: ₹399.5m (up 19% from 1Q 2023). Profit margin: 11% (up from 5.2% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Jul 28The Sandur Manganese & Iron Ores Limited to Report Q1, 2024 Results on Aug 03, 2023The Sandur Manganese & Iron Ores Limited announced that they will report Q1, 2024 results on Aug 03, 2023Recent Insider Transactions • Jul 19Chairman Emeritus recently sold ₹2.5m worth of stockOn the 14th of July, Shivrao Ghorpade sold around 2k shares on-market at roughly ₹1,297 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹4.4m. Insiders have been net sellers, collectively disposing of ₹9.2m more than they bought in the last 12 months.Recent Insider Transactions • Jun 14Insider recently sold ₹4.4m worth of stockOn the 9th of June, Yashodara Ghorpad sold around 4k shares on-market at roughly ₹1,243 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.お知らせ • May 18The Sandur Manganese & Iron Ores Limited Approves Final Dividend for the Financial Year Ended 31 March 2023The Sandur Manganese & Iron Ores Limited announced that at the board meeting held on 17 May 2023, the company recommendation of final dividend of INR 5/- (Rupees Five only) per equity share for the financial year ended 31 March 2023, subject to the approvai of shareholders in the forthcoming Annual General Meeting.Reported Earnings • May 18Full year 2023 earnings released: EPS: ₹101 (vs ₹750 in FY 2022)Full year 2023 results: EPS: ₹101 (down from ₹750 in FY 2022). Revenue: ₹21.9b (down 2.9% from FY 2022). Net income: ₹2.71b (down 60% from FY 2022). Profit margin: 12% (down from 30% in FY 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 11The Sandur Manganese & Iron Ores Limited to Report Q4, 2023 Results on May 17, 2023The Sandur Manganese & Iron Ores Limited announced that they will report Q4, 2023 results on May 17, 2023Board Change • May 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. Executive Director & Director of Mines Mohammed Saleem was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Valuation Update With 7 Day Price Move • Apr 06Investor sentiment improves as stock rises 20%After last week's 20% share price gain to ₹1,144, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 15x in the Metals and Mining industry in India. Total returns to shareholders of 667% over the past three years.Reported Earnings • Feb 10Third quarter 2023 earnings released: EPS: ₹15.33 (vs ₹121 in 3Q 2022)Third quarter 2023 results: EPS: ₹15.33 (down from ₹121 in 3Q 2022). Revenue: ₹4.00b (down 19% from 3Q 2022). Net income: ₹414.1m (down 62% from 3Q 2022). Profit margin: 10% (down from 22% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 02The Sandur Manganese & Iron Ores Limited to Report Q3, 2023 Results on Feb 09, 2023The Sandur Manganese & Iron Ores Limited announced that they will report Q3, 2023 results on Feb 09, 2023Valuation Update With 7 Day Price Move • Dec 30Investor sentiment improved over the past weekAfter last week's 16% share price gain to ₹814, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 14x in the Metals and Mining industry in India. Total returns to shareholders of 236% over the past three years.お知らせ • Nov 12The Sandur Manganese & Iron Ores Limited Announces Sattiraju Seshagiri Rao Ceases to Be the DirectorThe Sandur Manganese & Iron Ores Limited informed that Sattiraju Seshagiri Rao has completed his second consecutive terms as an Independent Director of the Company from the closure of business hours on 10 November 2022 and ceased to be the Director of the Company thereafter. The Board of Directors and the Management of the Company have placed on record their profound appreciation for the contributions made by Sattiraju Seshagiri Rao during his association with the Company over the years.Valuation Update With 7 Day Price Move • Nov 07Investor sentiment improved over the past weekAfter last week's 15% share price gain to ₹767, the stock trades at a trailing P/E ratio of 3.7x. Average trailing P/E is 13x in the Metals and Mining industry in India. Total returns to shareholders of 270% over the past three years.お知らせ • Nov 05The Sandur Manganese & Iron Ores Limited to Report Q2, 2023 Results on Nov 10, 2022The Sandur Manganese & Iron Ores Limited announced that they will report Q2, 2023 results on Nov 10, 2022お知らせ • Oct 01The Sandur Manganese & Iron Ores Limited Appoints Hemendra Laxmidas Shah as an Independent DirectorThe Sandur Manganese & Iron Ores Limited at its Annual General Meeting of the Company held on 28 September 2022 approved appointment of Hemendra Laxmidas Shah (DIN: 00996888) as an Independent Director. Appointment will be for a tenure of five years from 1 October 2022 to 30 September 2027. Hemendra Laxmidas Shah has a rich experience of around 40 years and he possesses a vast experience in Audit and Assurance function and has served Indian and Multinational clients (both small and large, listed and unlisted) covering industries such as Automobiles and Auto Ancillaries, Technology, Information Engineering, Pharmaceuticals, Power, Telecommunication, Fertilizers & Petrochemicals etc. He has exposure to Euro Issues, Indian Public Offerings, Due Diligence, Corporate Governance etc.Upcoming Dividend • Sep 13Upcoming dividend of ₹5.00 per shareEligible shareholders must have bought the stock before 20 September 2022. Payment date: 28 October 2022. Payout ratio is a comfortable 1.2% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (5.9%).お知らせ • Sep 07+ 1 more updateThe Sandur Manganese & Iron Ores Limited Proposes Final Dividend for the Year Ended March 31, 2022The Sandur Manganese & Iron Ores Limited announced that the Record Date for the purpose of Final Dividend of INR 5 per equity share of INR 10 each (50%) for the year ended March 31, 2022 is fixed as September 21, 2022. The Final Dividend once approved by the Members in the upcoming 68th Annual General Meeting of the Company, shall be paid within 30 days from the date of approval.Reported Earnings • Aug 14First quarter 2023 earnings released: EPS: ₹12.53 (vs ₹165 in 1Q 2022)First quarter 2023 results: EPS: ₹12.53 (down from ₹165 in 1Q 2022). Revenue: ₹6.64b (up 40% from 1Q 2022). Net income: ₹336.1m (down 77% from 1Q 2022). Profit margin: 5.1% (down from 31% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jul 21Investor sentiment improved over the past weekAfter last week's 19% share price gain to ₹3,027, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 13x in the Metals and Mining industry in India. Total returns to shareholders of 332% over the past three years.Valuation Update With 7 Day Price Move • Jun 13Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to ₹2,501, the stock trades at a trailing P/E ratio of 3.3x. Average trailing P/E is 12x in the Metals and Mining industry in India. Total returns to shareholders of 218% over the past three years.Recent Insider Transactions • Jun 04Insider recently sold ₹2.5m worth of stockOn the 31st of May, Dhananjai Ghorpade sold around 785 shares on-market at roughly ₹3,135 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.Valuation Update With 7 Day Price Move • May 27Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to ₹3,171, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 13x in the Metals and Mining industry in India. Total returns to shareholders of 270% over the past three years.お知らせ • May 19The Sandur Manganese & Iron Ores Limited Recommends Final Dividend for the Financial Year Ended 31 March 2022The Sandur Manganese & Iron Ores Limited announced that the Board of Directors at its 356th meeting held on 18 May 2022 had inter alia, considered and approved the recommendation of final dividend of INR 5 (Rupees Five only) per equity share for the financial year ended 31 March 2022, subject to the approval of shareholders in the forthcoming Annual General Meeting.Reported Earnings • May 19Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: ₹750 (up from ₹171 in FY 2021). Revenue: ₹22.8b (up 206% from FY 2021). Net income: ₹6.75b (up 339% from FY 2021). Profit margin: 30% (up from 21% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates by 27%. Over the last 3 years on average, earnings per share has increased by 60% per year whereas the company’s share price has increased by 62% per year.Valuation Update With 7 Day Price Move • May 11Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ₹3,213, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 13x in the Metals and Mining industry in India. Total returns to shareholders of 281% over the past three years.Board Change • Apr 27High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Executive Director & Director of Mines Md. Saleem was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Apr 11Investor sentiment improved over the past weekAfter last week's 25% share price gain to ₹4,523, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 14x in the Metals and Mining industry in India. Total returns to shareholders of 382% over the past three years.Valuation Update With 7 Day Price Move • Mar 03Investor sentiment improved over the past weekAfter last week's 18% share price gain to ₹3,065, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 12x in the Metals and Mining industry in India. Total returns to shareholders of 218% over the past three years.Reported Earnings • Feb 10Third quarter 2022 earnings: EPS and revenues miss analyst expectationsThird quarter 2022 results: EPS: ₹121 (up from ₹20.63 in 3Q 2021). Revenue: ₹4.98b (up 326% from 3Q 2021). Net income: ₹1.09b (up 486% from 3Q 2021). Profit margin: 22% (up from 16% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates by 27%. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth.決済の安定と成長配当データの取得安定した配当: 504918の配当金支払いは、過去10年間 変動性 が高かった。増加する配当: 504918の配当金は過去10年間にわたって増加しています。配当利回り対市場Sandur Manganese & Iron Ores 配当利回り対市場504918 配当利回りは市場と比べてどうか？セグメント配当利回り会社 (504918)0.2%市場下位25% (IN)0.3%市場トップ25% (IN)1.5%業界平均 (Metals and Mining)1.7%アナリスト予想 (504918) (最長3年)n/a注目すべき配当: 504918の配当金 ( 0.24% ) はIndian市場の配当金支払者の下位 25% ( 0.3% ) と比べると目立ったものではありません。高配当: 504918の配当金 ( 0.24% ) はIndian市場の配当金支払者の上位 25% ( 1.5% ) と比較すると低いです。株主への利益配当収益カバレッジ: 504918 の配当性向 (4.3%) は低いため、配当金の支払いは利益によって十分にカバーされます。株主配当金キャッシュフローカバレッジ: 504918は 現金配当性向 ( 2.5% ) が低いため、配当金の支払いはキャッシュフローによって完全にカバーされています。高配当企業の発掘7D1Y7D1Y7D1YIN 市場の強力な配当支払い企業。View Management企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/11 20:10終値2026/06/11 00:00収益2026/03/31年間収益2026/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋The Sandur Manganese & Iron Ores Limited 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。2 アナリスト機関Kameswari V. S. ChavaliFirstCall ResearchHarini V.FirstCall Research
Upcoming Dividend • Sep 03Upcoming dividend of ₹1.25 per shareEligible shareholders must have bought the stock before 10 September 2025. Payment date: 17 October 2025. Payout ratio is a comfortable 4.3% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (2.8%).
Declared Dividend • Aug 11Dividend increased to ₹1.25Dividend of ₹1.25 is 25% higher than last year. Ex-date: 10th September 2025 Payment date: 17th October 2025 Dividend yield will be 0.3%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is well covered by both earnings (4% earnings payout ratio) and cash flows (3% cash payout ratio). The dividend has increased by an average of 9.6% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 7.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Sep 19The Sandur Manganese & Iron Ores Limited Approves Declaration of Dividend for the Financial Year Ended March 31, 2024The Sandur Manganese & Iron Ores Limited approved declaration of dividend of INR 1 per equity share of face value of INR 10 each for the financial year ended 31 March 2024, at the AGM held on September 18, 2024.
Upcoming Dividend • Sep 04Upcoming dividend of ₹1.00 per shareEligible shareholders must have bought the stock before 11 September 2024. Payment date: 18 October 2024. Payout ratio is a comfortable 6.8% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.0%). Lower than average of industry peers (1.6%).
Declared Dividend • Aug 07Dividend of ₹1.00 announcedShareholders will receive a dividend of ₹1.00. Ex-date: 11th September 2024 Payment date: 18th October 2024 Dividend yield will be 0.2%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is well covered by both earnings (7% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 92% to shift the payout ratio to a potentially unsustainable range, which is more than the 5.5% EPS decline seen over the last 5 years.
お知らせ • Sep 21The Sandur Manganese & Iron Ores Limited Declares Dividend for the Financial Year Ended 31 March 2023The Sandur Manganese & Iron Ores Limited at its 69th Annual General Meeting held on 20 September 2023, approved to declare a dividend of INR 5 per equity share of face value of INR 10 each for the financial year ended 31 March 2023.
Reported Earnings • May 09Full year 2026 earnings released: EPS: ₹13.51 (vs ₹9.68 in FY 2025)Full year 2026 results: EPS: ₹13.51 (up from ₹9.68 in FY 2025). Revenue: ₹51.6b (up 65% from FY 2025). Net income: ₹6.57b (up 40% from FY 2025). Profit margin: 13% (down from 15% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth.
Buy Or Sell Opportunity • May 08Now 27% overvalued after recent price riseOver the last 90 days, the stock has risen 14% to ₹241. The fair value is estimated to be ₹190, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last 3 years. Earnings per share has grown by 27%.
お知らせ • May 04The Sandur Manganese & Iron Ores Limited to Report Q4, 2026 Results on May 07, 2026The Sandur Manganese & Iron Ores Limited announced that they will report Q4, 2026 results on May 07, 2026
Reported Earnings • Feb 05Third quarter 2026 earnings released: EPS: ₹2.38 (vs ₹2.83 in 3Q 2025)Third quarter 2026 results: EPS: ₹2.38 (down from ₹2.83 in 3Q 2025). Revenue: ₹12.4b (up 30% from 3Q 2025). Net income: ₹1.16b (down 16% from 3Q 2025). Profit margin: 9.4% (down from 14% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth.
Buy Or Sell Opportunity • Jan 30Now 21% undervaluedOver the last 90 days, the stock has risen 2.3% to ₹222. The fair value is estimated to be ₹279, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 12%.
Buy Or Sell Opportunity • Jan 09Now 20% undervaluedOver the last 90 days, the stock has risen 9.5% to ₹225. The fair value is estimated to be ₹282, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 12%.
Valuation Update With 7 Day Price Move • Dec 24Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₹241, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 23x in the Metals and Mining industry in India. Total returns to shareholders of 465% over the past three years.
Reported Earnings • Nov 08Second quarter 2026 earnings released: EPS: ₹2.85 (vs ₹0.66 in 2Q 2025)Second quarter 2026 results: EPS: ₹2.85 (up from ₹0.66 in 2Q 2025). Revenue: ₹12.4b (up 378% from 2Q 2025). Net income: ₹1.39b (up 331% from 2Q 2025). Profit margin: 11% (down from 12% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 73% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Oct 09Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ₹203, the stock trades at a trailing P/E ratio of 20.1x. Average trailing P/E is 24x in the Metals and Mining industry in India. Total returns to shareholders of 423% over the past three years.
New Risk • Oct 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (65% net debt to equity). Share price has been volatile over the past 3 months (6.8% average weekly change). Profit margins are more than 30% lower than last year (13% net profit margin).
Upcoming Dividend • Sep 03Upcoming dividend of ₹1.25 per shareEligible shareholders must have bought the stock before 10 September 2025. Payment date: 17 October 2025. Payout ratio is a comfortable 4.3% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (2.8%).
お知らせ • Aug 26+ 2 more updatesThe Sandur Manganese & Iron Ores Limited to Report Q4, 2026 Results on May 30, 2026The Sandur Manganese & Iron Ores Limited announced that they will report Q4, 2026 results on May 30, 2026
Declared Dividend • Aug 11Dividend increased to ₹1.25Dividend of ₹1.25 is 25% higher than last year. Ex-date: 10th September 2025 Payment date: 17th October 2025 Dividend yield will be 0.3%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is well covered by both earnings (4% earnings payout ratio) and cash flows (3% cash payout ratio). The dividend has increased by an average of 9.6% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 7.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
New Risk • Aug 09New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 13% Last year net profit margin: 23% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (65% net debt to equity). Profit margins are more than 30% lower than last year (13% net profit margin).
Reported Earnings • Aug 09First quarter 2026 earnings released: EPS: ₹10.28 (vs ₹8.92 in 1Q 2025)First quarter 2026 results: EPS: ₹10.28 (up from ₹8.92 in 1Q 2025). Revenue: ₹11.5b (up 91% from 1Q 2025). Net income: ₹1.67b (up 15% from 1Q 2025). Profit margin: 14% (down from 24% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 51% per year, which means it is well ahead of earnings.
お知らせ • Aug 08The Sandur Manganese & Iron Ores Limited, Annual General Meeting, Sep 17, 2025The Sandur Manganese & Iron Ores Limited, Annual General Meeting, Sep 17, 2025, at 11:00 Indian Standard Time.
New Risk • Jun 03New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.3% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks High level of debt (65% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • May 29Full year 2025 earnings released: EPS: ₹29.02 (vs ₹14.78 in FY 2024)Full year 2025 results: EPS: ₹29.02 (up from ₹14.78 in FY 2024). Revenue: ₹32.1b (up 156% from FY 2024). Net income: ₹4.70b (up 96% from FY 2024). Profit margin: 15% (down from 19% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
Buy Or Sell Opportunity • May 10Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 31% to ₹505. The fair value is estimated to be ₹420, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 67%.
New Risk • May 07New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 10.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company.
Buy Or Sell Opportunity • Apr 16Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 21% to ₹476. The fair value is estimated to be ₹388, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 67%.
お知らせ • Mar 25The Sandur Manganese & Iron Ores Limited Redesignates Anand Sen from the Position of Independent Director to Non-Executive DirectorThe Sandur Manganese & Iron Ores Limited informed Stock Exchanges that the Board of Directors at its 378th meeting held on 24 March 2025, redesignated Anand Sen (DIN: 00237914) from the position of Independent Director to Non-Executive Director of the Company, with effect from 25 March 2025, based on the recommendation of the Nomination and Remuneration Committee. Reason for change: The Board, based on the recommendation of the Nomination and Remuneration Committee, appointed Anand Sen as Independent Director of the Company for a period of five years from 15 May 2024 to 14 May 2029. The same was subsequently approved by the shareholders of the Company vide resolution passed through Postal Ballot on 19 July 2024. Considering the extensive experience and leadership of Anand Sen in the steel industry, the Board opined that it would be in the best interest of the Company to avail services of Anand Sen in his professional capacity as a Consultant in Arjas Steel Private Limited and Arjas Modern Steel Private Limited, Material Subsidiaries of the Company. This necessitated a change in designation of Anand Sen from Independent Director to Non- Executive Director of the Company. Anand Sen is an Engineer from IIT Kharagpur and holds a postgraduate diploma in Business Management (Marketing) from IIM Kolkata, and an Executive MBA degree from CEDEP at INSEAD, France. A strategic visionary with a keen understanding of international markets, he brings extensive experience in driving growth, fostering innovation, and optimizing operations. Recognized for building high-performance teams and implementing transformative strategies that enhance profitability and shareholder value. Dynamic and results-driven leader with a proven track record of driving global organizations to unprecedented success. He has been associated with the Tata Group for about 4 decades and have held several key leadership positions within the Group. He has handled various roles in Tata Steel, India over a period of 1981 and 2019. He led the overall strategic direction and operations of Tata International as Managing Director, for over 2 years.
お知らせ • Mar 12The Sandur Manganese & Iron Ores Limited Announces Resignation of Krishnendu Sanyal as Chief Executive OfficerThe Sandur Manganese & Iron Ores Limited announced that Krishnendu Sanyal has conveyed his decision to resign from the position of Chief Executive Officer of the Company, due to personal reasons with effect from Monday, 10 March 2025. The Company has accepted his resignation.
Valuation Update With 7 Day Price Move • Mar 07Investor sentiment improves as stock rises 24%After last week's 24% share price gain to ₹481, the stock trades at a trailing P/E ratio of 16.3x. Average trailing P/E is 21x in the Metals and Mining industry in India. Total returns to shareholders of 151% over the past three years.
Buy Or Sell Opportunity • Mar 06Now 27% overvaluedOver the last 90 days, the stock has fallen 8.7% to ₹481. The fair value is estimated to be ₹380, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 67%.
Valuation Update With 7 Day Price Move • Feb 21Investor sentiment improves as stock rises 24%After last week's 24% share price gain to ₹428, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 21x in the Metals and Mining industry in India. Total returns to shareholders of 183% over the past three years.
New Risk • Feb 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
Reported Earnings • Feb 15Third quarter 2025 earnings released: EPS: ₹8.48 (vs ₹0.56 in 3Q 2024)Third quarter 2025 results: EPS: ₹8.48 (up from ₹0.56 in 3Q 2024). Revenue: ₹9.72b (up ₹8.19b from 3Q 2024). Net income: ₹1.37b (up ₹1.28b from 3Q 2024). Profit margin: 14% (up from 5.9% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance.
Valuation Update With 7 Day Price Move • Dec 19Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₹418, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 26x in the Metals and Mining industry in India. Total returns to shareholders of 201% over the past three years.
Valuation Update With 7 Day Price Move • Nov 28Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ₹504, the stock trades at a trailing P/E ratio of 23.4x. Average trailing P/E is 25x in the Metals and Mining industry in India. Total returns to shareholders of 375% over the past three years.
Reported Earnings • Nov 14Second quarter 2025 earnings released: EPS: ₹1.98 (vs ₹1.67 in 2Q 2024)Second quarter 2025 results: EPS: ₹1.98 (up from ₹1.67 in 2Q 2024). Revenue: ₹2.85b (up 54% from 2Q 2024). Net income: ₹321.4m (up 19% from 2Q 2024). Profit margin: 11% (down from 15% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance.
お知らせ • Nov 13The Sandur Manganese & Iron Ores Limited (BSE:504918) completed the acquisition of 98.94% stake in Arjas Steel Pvt Ltd from Blue Coral Investment Holdings Pte. Limited and Arjas Steel Employee Benefit Trust for INR 20 billion.The Sandur Manganese & Iron Ores Limited (BSE:504918) entered into a share purchase agreement to acquire 80% stake in Arjas Steel Pvt Ltd from Blue Coral Investment Holdings Pte. Limited and Arjas Steel Employee Benefit Trust on April 25, 2024. The enterprise value of ASPL is approximately INR 30 billion. To acquire 80% equity stake in Arjas Steel Pvt Ltd, equity value will be decided basis customary and agreed adjustments to the enterprise value at the closing date. As of November 4, 2024, The Sandur Manganese & Iron Ores Limited entered into an amendment agreement to acquire additional stake of up to 19.12% in Arjas Steel Pvt Ltd aggregating up to 99.12%. As of March 31, 2024 Arjas Steel Pvt Ltd reported revenue of INR 2.6 billion. The transaction is subject to customary closing conditions as per the share purchase agreement (SPA) and approval of the competition commission of India. The deal has been approved by the board. Subsequent to the quarter end, on July 18, 2024, the acquisition has received approval from Competition Commission of India. The acquisition of Arjas Steel Pvt Ltd is expected to complete within seven months. As of November 4, 2024, the acquisition is expected to be completed on or before November 15, 2024. Ernst & Young Private Limited, Investment Banking Arm acted as financial advisor to The Sandur Manganese & Iron Ores Limited. Smruti Shah and Soumya Srivastava, Kaustav Kundu and Kunal Savani of Cyril Amarchand Mangaldas acted as legal advisor to Blue Coral Investment Holdings Pte. Limited and Arjas Steel Employee Benefit Trust. The Sandur Manganese & Iron Ores Limited (BSE:504918) completed the acquisition of 98.94% stake in Arjas Steel Pvt Ltd from Blue Coral Investment Holdings Pte. Limited and Arjas Steel Employee Benefit Trust for INR 20 billion on November 11, 2024.
お知らせ • Sep 19The Sandur Manganese & Iron Ores Limited Approves Declaration of Dividend for the Financial Year Ended March 31, 2024The Sandur Manganese & Iron Ores Limited approved declaration of dividend of INR 1 per equity share of face value of INR 10 each for the financial year ended 31 March 2024, at the AGM held on September 18, 2024.
Upcoming Dividend • Sep 04Upcoming dividend of ₹1.00 per shareEligible shareholders must have bought the stock before 11 September 2024. Payment date: 18 October 2024. Payout ratio is a comfortable 6.8% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.0%). Lower than average of industry peers (1.6%).
お知らせ • Aug 27+ 2 more updatesThe Sandur Manganese & Iron Ores Limited to Report Q2, 2025 Results on Nov 14, 2024The Sandur Manganese & Iron Ores Limited announced that they will report Q2, 2025 results on Nov 14, 2024
Declared Dividend • Aug 07Dividend of ₹1.00 announcedShareholders will receive a dividend of ₹1.00. Ex-date: 11th September 2024 Payment date: 18th October 2024 Dividend yield will be 0.2%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is well covered by both earnings (7% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 92% to shift the payout ratio to a potentially unsustainable range, which is more than the 5.5% EPS decline seen over the last 5 years.
お知らせ • Aug 06The Sandur Manganese & Iron Ores Limited, Annual General Meeting, Sep 18, 2024The Sandur Manganese & Iron Ores Limited, Annual General Meeting, Sep 18, 2024, at 11:00 Indian Standard Time.
Reported Earnings • Aug 06First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: ₹6.25b (up 72% from 1Q 2024). Net income: ₹1.44b (up 262% from 1Q 2024). Profit margin: 23% (up from 11% in 1Q 2024). The increase in margin was driven by higher revenue.
お知らせ • Aug 01The Sandur Manganese & Iron Ores Limited to Report Q1, 2025 Results on Aug 05, 2024The Sandur Manganese & Iron Ores Limited announced that they will report Q1, 2025 results on Aug 05, 2024
Recent Insider Transactions • May 29Company Secretary recently sold ₹27m worth of stockOn the 21st of May, Mohammed Saleem sold around 50k shares on-market at roughly ₹534 per share. This transaction amounted to 92% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹45m more than they bought in the last 12 months.
Reported Earnings • May 17Full year 2024 earnings released: EPS: ₹14.78 (vs ₹16.87 in FY 2023)Full year 2024 results: EPS: ₹14.78 (down from ₹16.87 in FY 2023). Revenue: ₹13.3b (down 37% from FY 2023). Net income: ₹2.39b (down 12% from FY 2023). Profit margin: 18% (up from 13% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings.
お知らせ • May 16+ 1 more updateThe Sandur Manganese & Iron Ores Limited Announces Resignation of Jagadish Rao Kote as Independent DirectorThe Sandur Manganese & Iron Ores Limited announced the resignation of Jagadish Rao Kote as Independent Director of the Company, due to personal reasons with immediate effect.
お知らせ • May 09The Sandur Manganese & Iron Ores Limited to Report Q4, 2024 Results on May 15, 2024The Sandur Manganese & Iron Ores Limited announced that they will report Q4, 2024 results on May 15, 2024
お知らせ • Apr 26The Sandur Manganese & Iron Ores Limited (BSE:504918) entered into and Share Purchase Agreement to acquire 80% stake of Arjas Steel Pvt Ltd.The Sandur Manganese & Iron Ores Limited (BSE:504918) entered into and Share Purchase Agreement to acquire 80% stake of Arjas Steel Pvt Ltd on April 25, 2024. The enterprise value of ASPL is approximately INR 30 billion. To acquire an 80% equity stake in ASPL, equity value willbe decided basis customary and agreed adjustments to the enterprise value at the closing date. The transaction is subject to customary closing conditions as per the Share Purchase Agreement (SPA) and approval of the Competition Commission of India. Consolidated turnover for FY 2022-23 of ASPL is INR 28.76 billion. The acquisition of ASPL is expected to complete within seven months.
Valuation Update With 7 Day Price Move • Apr 24Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ₹544, the stock trades at a trailing P/E ratio of 35.3x. Average trailing P/E is 24x in the Metals and Mining industry in India. Total returns to shareholders of 644% over the past three years.
Valuation Update With 7 Day Price Move • Feb 20Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₹438, the stock trades at a trailing P/E ratio of 28.4x. Average trailing P/E is 24x in the Metals and Mining industry in India. Total returns to shareholders of 694% over the past three years.
New Risk • Feb 19New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: ₹7.3m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Significant insider selling over the past 3 months (₹7.3m sold).
Reported Earnings • Feb 09Third quarter 2024 earnings released: EPS: ₹0.56 (vs ₹2.56 in 3Q 2023)Third quarter 2024 results: EPS: ₹0.56 (down from ₹2.56 in 3Q 2023). Revenue: ₹1.68b (down 57% from 3Q 2023). Net income: ₹90.7m (down 78% from 3Q 2023). Profit margin: 5.4% (down from 11% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 44% per year, which means it is well ahead of earnings.
お知らせ • Feb 01The Sandur Manganese & Iron Ores Limited to Report Q3, 2024 Results on Feb 08, 2024The Sandur Manganese & Iron Ores Limited announced that they will report Q3, 2024 results on Feb 08, 2024
Valuation Update With 7 Day Price Move • Jan 25Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₹3,201, the stock trades at a trailing P/E ratio of 30.7x. Average trailing P/E is 24x in the Metals and Mining industry in India. Total returns to shareholders of 813% over the past three years.
New Risk • Dec 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Dec 07Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ₹1,874, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 22x in the Metals and Mining industry in India. Total returns to shareholders of 479% over the past three years.
Recent Insider Transactions • Nov 28Chairman Emeritus recently sold ₹5.6m worth of stockOn the 24th of November, Shivrao Ghorpade sold around 3k shares on-market at roughly ₹1,591 per share. This transaction amounted to 6.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹17m more than they bought in the last 12 months.
Reported Earnings • Nov 09Second quarter 2024 earnings released: EPS: ₹10.02 (vs ₹8.24 in 2Q 2023)Second quarter 2024 results: EPS: ₹10.02 (up from ₹8.24 in 2Q 2023). Revenue: ₹2.03b (down 58% from 2Q 2023). Net income: ₹269.8m (up 23% from 2Q 2023). Profit margin: 13% (up from 4.6% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings.
お知らせ • Nov 09the Sandur Manganese & Iron Ores Limited Approves Appointment of Mohammed Abdul Saleem as Company Secretary & Compliance Officer, Effective from 21 November 2023The Sandur Manganese & Iron Ores Limited approved Appointment of Mohammed Abdul Saleem, Whole Time Director as Company Secretary & Compliance Officer of the Company. Company with effect from 21 November 2023, based on the recommendation of Nomination and Remuneration Committee. He will be redesignated as Whole Time Director, Company Secretary & Compliance Officer. Mohammed Abdul Saleem holds Bachelor's Degree in Commerce (B. Com) and Bachelor's Degree in Law (LLB) from Osmania University. He is a Fellow Member of the Institute of Company Secretaries of India, New Delhi. He has garnered vast experience working with organizations dealing with ferroalloy and power businesses before joining SMIORE as a Company Secretary in 2005. While serving as Company Secretary and later as the Chief General Manager of Mines, Saleem played a crucial role during the Hon'ble Supreme Court's suspension of mining operations arising due to a PIL regarding illegal mining. He has significantly contributed to the company by streamlining mining operations and ensuring compliances, which has resulted in both the mining leases of SMIORE being awarded Five Star Rating consecutively for the last six years by the Ministry of Mines and Indian Bureau of Mines. Saleem has also played the role of SMIORE's nominee director on the boards of a couple of companies and contributed to their revival.
お知らせ • Sep 27The Sandur Manganese & Iron Ores Limited Announces Resignation of Bijan Kumar Dash as Company Secretary and Compliance OfficerThe Sandur Manganese & Iron Ores Limited announced that the Bijan Kumar Dash conveyed his decision to resign from the post of Company Secretary and Compliance Officer of the Company, due to his personal reasons. He will continue to discharge his duties as the Company Secretary and Compliance Officer of the Company, until the close of business hours on 20 November 2023 to facilitate smooth transition. The Company has accepted his resignation.
お知らせ • Sep 21The Sandur Manganese & Iron Ores Limited Declares Dividend for the Financial Year Ended 31 March 2023The Sandur Manganese & Iron Ores Limited at its 69th Annual General Meeting held on 20 September 2023, approved to declare a dividend of INR 5 per equity share of face value of INR 10 each for the financial year ended 31 March 2023.
Upcoming Dividend • Sep 06Upcoming dividend of ₹5.00 per share at 0.3% yieldEligible shareholders must have bought the stock before 13 September 2023. Payment date: 20 October 2023. Payout ratio is a comfortable 4.9% but the company is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (6.9%).
Recent Insider Transactions • Sep 03Chairman Emeritus recently sold ₹1.7m worth of stockOn the 31st of August, Shivrao Ghorpade sold around 1k shares on-market at roughly ₹1,342 per share. This transaction amounted to 2.4% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹4.4m. Insiders have been net sellers, collectively disposing of ₹11m more than they bought in the last 12 months.
お知らせ • Aug 30The Sandur Manganese & Iron Ores Limited Proposes Dividend for the Financial Year Ended 31 March 2023The Sandur Manganese & Iron Ores Limited at its 69th Annual General Meeting will be held on 20 September 2023, proposed to declare a dividend of INR 5 per equity share of face value of INR 10 each for the financial year ended 31 March 2023.
お知らせ • Aug 22The Sandur Manganese & Iron Ores Limited, Annual General Meeting, Sep 20, 2023The Sandur Manganese & Iron Ores Limited, Annual General Meeting, Sep 20, 2023. Agenda: To consider approval of dividend payment.
Reported Earnings • Aug 04First quarter 2024 earnings released: EPS: ₹14.03 (vs ₹12.53 in 1Q 2023)First quarter 2024 results: EPS: ₹14.03 (up from ₹12.53 in 1Q 2023). Revenue: ₹3.81b (down 42% from 1Q 2023). Net income: ₹399.5m (up 19% from 1Q 2023). Profit margin: 11% (up from 5.2% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Jul 28The Sandur Manganese & Iron Ores Limited to Report Q1, 2024 Results on Aug 03, 2023The Sandur Manganese & Iron Ores Limited announced that they will report Q1, 2024 results on Aug 03, 2023
Recent Insider Transactions • Jul 19Chairman Emeritus recently sold ₹2.5m worth of stockOn the 14th of July, Shivrao Ghorpade sold around 2k shares on-market at roughly ₹1,297 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹4.4m. Insiders have been net sellers, collectively disposing of ₹9.2m more than they bought in the last 12 months.
Recent Insider Transactions • Jun 14Insider recently sold ₹4.4m worth of stockOn the 9th of June, Yashodara Ghorpad sold around 4k shares on-market at roughly ₹1,243 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
お知らせ • May 18The Sandur Manganese & Iron Ores Limited Approves Final Dividend for the Financial Year Ended 31 March 2023The Sandur Manganese & Iron Ores Limited announced that at the board meeting held on 17 May 2023, the company recommendation of final dividend of INR 5/- (Rupees Five only) per equity share for the financial year ended 31 March 2023, subject to the approvai of shareholders in the forthcoming Annual General Meeting.
Reported Earnings • May 18Full year 2023 earnings released: EPS: ₹101 (vs ₹750 in FY 2022)Full year 2023 results: EPS: ₹101 (down from ₹750 in FY 2022). Revenue: ₹21.9b (down 2.9% from FY 2022). Net income: ₹2.71b (down 60% from FY 2022). Profit margin: 12% (down from 30% in FY 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 11The Sandur Manganese & Iron Ores Limited to Report Q4, 2023 Results on May 17, 2023The Sandur Manganese & Iron Ores Limited announced that they will report Q4, 2023 results on May 17, 2023
Board Change • May 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. Executive Director & Director of Mines Mohammed Saleem was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Apr 06Investor sentiment improves as stock rises 20%After last week's 20% share price gain to ₹1,144, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 15x in the Metals and Mining industry in India. Total returns to shareholders of 667% over the past three years.
Reported Earnings • Feb 10Third quarter 2023 earnings released: EPS: ₹15.33 (vs ₹121 in 3Q 2022)Third quarter 2023 results: EPS: ₹15.33 (down from ₹121 in 3Q 2022). Revenue: ₹4.00b (down 19% from 3Q 2022). Net income: ₹414.1m (down 62% from 3Q 2022). Profit margin: 10% (down from 22% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 02The Sandur Manganese & Iron Ores Limited to Report Q3, 2023 Results on Feb 09, 2023The Sandur Manganese & Iron Ores Limited announced that they will report Q3, 2023 results on Feb 09, 2023
Valuation Update With 7 Day Price Move • Dec 30Investor sentiment improved over the past weekAfter last week's 16% share price gain to ₹814, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 14x in the Metals and Mining industry in India. Total returns to shareholders of 236% over the past three years.
お知らせ • Nov 12The Sandur Manganese & Iron Ores Limited Announces Sattiraju Seshagiri Rao Ceases to Be the DirectorThe Sandur Manganese & Iron Ores Limited informed that Sattiraju Seshagiri Rao has completed his second consecutive terms as an Independent Director of the Company from the closure of business hours on 10 November 2022 and ceased to be the Director of the Company thereafter. The Board of Directors and the Management of the Company have placed on record their profound appreciation for the contributions made by Sattiraju Seshagiri Rao during his association with the Company over the years.
Valuation Update With 7 Day Price Move • Nov 07Investor sentiment improved over the past weekAfter last week's 15% share price gain to ₹767, the stock trades at a trailing P/E ratio of 3.7x. Average trailing P/E is 13x in the Metals and Mining industry in India. Total returns to shareholders of 270% over the past three years.
お知らせ • Nov 05The Sandur Manganese & Iron Ores Limited to Report Q2, 2023 Results on Nov 10, 2022The Sandur Manganese & Iron Ores Limited announced that they will report Q2, 2023 results on Nov 10, 2022
お知らせ • Oct 01The Sandur Manganese & Iron Ores Limited Appoints Hemendra Laxmidas Shah as an Independent DirectorThe Sandur Manganese & Iron Ores Limited at its Annual General Meeting of the Company held on 28 September 2022 approved appointment of Hemendra Laxmidas Shah (DIN: 00996888) as an Independent Director. Appointment will be for a tenure of five years from 1 October 2022 to 30 September 2027. Hemendra Laxmidas Shah has a rich experience of around 40 years and he possesses a vast experience in Audit and Assurance function and has served Indian and Multinational clients (both small and large, listed and unlisted) covering industries such as Automobiles and Auto Ancillaries, Technology, Information Engineering, Pharmaceuticals, Power, Telecommunication, Fertilizers & Petrochemicals etc. He has exposure to Euro Issues, Indian Public Offerings, Due Diligence, Corporate Governance etc.
Upcoming Dividend • Sep 13Upcoming dividend of ₹5.00 per shareEligible shareholders must have bought the stock before 20 September 2022. Payment date: 28 October 2022. Payout ratio is a comfortable 1.2% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (5.9%).
お知らせ • Sep 07+ 1 more updateThe Sandur Manganese & Iron Ores Limited Proposes Final Dividend for the Year Ended March 31, 2022The Sandur Manganese & Iron Ores Limited announced that the Record Date for the purpose of Final Dividend of INR 5 per equity share of INR 10 each (50%) for the year ended March 31, 2022 is fixed as September 21, 2022. The Final Dividend once approved by the Members in the upcoming 68th Annual General Meeting of the Company, shall be paid within 30 days from the date of approval.
Reported Earnings • Aug 14First quarter 2023 earnings released: EPS: ₹12.53 (vs ₹165 in 1Q 2022)First quarter 2023 results: EPS: ₹12.53 (down from ₹165 in 1Q 2022). Revenue: ₹6.64b (up 40% from 1Q 2022). Net income: ₹336.1m (down 77% from 1Q 2022). Profit margin: 5.1% (down from 31% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jul 21Investor sentiment improved over the past weekAfter last week's 19% share price gain to ₹3,027, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 13x in the Metals and Mining industry in India. Total returns to shareholders of 332% over the past three years.
Valuation Update With 7 Day Price Move • Jun 13Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to ₹2,501, the stock trades at a trailing P/E ratio of 3.3x. Average trailing P/E is 12x in the Metals and Mining industry in India. Total returns to shareholders of 218% over the past three years.
Recent Insider Transactions • Jun 04Insider recently sold ₹2.5m worth of stockOn the 31st of May, Dhananjai Ghorpade sold around 785 shares on-market at roughly ₹3,135 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
Valuation Update With 7 Day Price Move • May 27Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to ₹3,171, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 13x in the Metals and Mining industry in India. Total returns to shareholders of 270% over the past three years.
お知らせ • May 19The Sandur Manganese & Iron Ores Limited Recommends Final Dividend for the Financial Year Ended 31 March 2022The Sandur Manganese & Iron Ores Limited announced that the Board of Directors at its 356th meeting held on 18 May 2022 had inter alia, considered and approved the recommendation of final dividend of INR 5 (Rupees Five only) per equity share for the financial year ended 31 March 2022, subject to the approval of shareholders in the forthcoming Annual General Meeting.
Reported Earnings • May 19Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: ₹750 (up from ₹171 in FY 2021). Revenue: ₹22.8b (up 206% from FY 2021). Net income: ₹6.75b (up 339% from FY 2021). Profit margin: 30% (up from 21% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates by 27%. Over the last 3 years on average, earnings per share has increased by 60% per year whereas the company’s share price has increased by 62% per year.
Valuation Update With 7 Day Price Move • May 11Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ₹3,213, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 13x in the Metals and Mining industry in India. Total returns to shareholders of 281% over the past three years.
Board Change • Apr 27High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Executive Director & Director of Mines Md. Saleem was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Apr 11Investor sentiment improved over the past weekAfter last week's 25% share price gain to ₹4,523, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 14x in the Metals and Mining industry in India. Total returns to shareholders of 382% over the past three years.
Valuation Update With 7 Day Price Move • Mar 03Investor sentiment improved over the past weekAfter last week's 18% share price gain to ₹3,065, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 12x in the Metals and Mining industry in India. Total returns to shareholders of 218% over the past three years.
Reported Earnings • Feb 10Third quarter 2022 earnings: EPS and revenues miss analyst expectationsThird quarter 2022 results: EPS: ₹121 (up from ₹20.63 in 3Q 2021). Revenue: ₹4.98b (up 326% from 3Q 2021). Net income: ₹1.09b (up 486% from 3Q 2021). Profit margin: 22% (up from 16% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates by 27%. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth.