Announcement • Jul 13
Sarda Energy & Minerals Limited to Report Q1, 2027 Results on Aug 01, 2026 Sarda Energy & Minerals Limited announced that they will report Q1, 2027 results on Aug 01, 2026 New Risk • May 29
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.4% 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. This is currently the only risk that has been identified for the company. Reported Earnings • May 24
Full year 2026 earnings released: EPS: ₹31.38 (vs ₹19.86 in FY 2025) Full year 2026 results: EPS: ₹31.38 (up from ₹19.86 in FY 2025). Revenue: ₹59.3b (up 27% from FY 2025). Net income: ₹11.1b (up 58% from FY 2025). Profit margin: 19% (up from 15% in FY 2025). The increase in margin was driven by higher revenue. 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 71% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 11
Sarda Energy & Minerals Limited to Report Fiscal Year 2026 Results on May 23, 2026 Sarda Energy & Minerals Limited announced that they will report fiscal year 2026 results at 12:15 PM, Indian Standard Time on May 23, 2026 Reported Earnings • Feb 08
Third quarter 2026 earnings released: EPS: ₹5.40 (vs ₹5.60 in 3Q 2025) Third quarter 2026 results: EPS: ₹5.40 (down from ₹5.60 in 3Q 2025). Revenue: ₹12.8b (down 3.3% from 3Q 2025). Net income: ₹1.90b (down 3.5% from 3Q 2025). Profit margin: 15% (in line with 3Q 2025). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 19
Sarda Energy & Minerals Limited to Report Q3, 2026 Results on Feb 07, 2026 Sarda Energy & Minerals Limited announced that they will report Q3, 2026 results at 9:15 AM, Indian Standard Time on Feb 07, 2026 Reported Earnings • Nov 11
Second quarter 2026 earnings released: EPS: ₹9.17 (vs ₹5.55 in 2Q 2025) Second quarter 2026 results: EPS: ₹9.17 (up from ₹5.55 in 2Q 2025). Revenue: ₹16.0b (up 38% from 2Q 2025). Net income: ₹3.23b (up 65% from 2Q 2025). Profit margin: 20% (up from 17% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 81% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 27
Sarda Energy & Minerals Limited to Report Q2, 2026 Results on Nov 10, 2025 Sarda Energy & Minerals Limited announced that they will report Q2, 2026 results on Nov 10, 2025 Announcement • Sep 26
Sarda Energy & Minerals Limited Approves Dividend for the Fiscal Year 2024-25 Sarda Energy & Minerals Limited, at the AGM held on 25 September, 2025 approved dividend of INR 1.50 per equity share (150%) on equity share of F.V. of INR 1/- for the fiscal year 2024-25. Announcement • Sep 02
Sarda Energy & Minerals Limited, Annual General Meeting, Sep 25, 2025 Sarda Energy & Minerals Limited, Annual General Meeting, Sep 25, 2025, at 11:30 Indian Standard Time. Valuation Update With 7 Day Price Move • Aug 09
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹535, the stock trades at a trailing P/E ratio of 20.2x. Average trailing P/E is 23x in the Metals and Mining industry in India. Total returns to shareholders of 520% over the past three years. New Risk • Aug 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.6% 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. Declared Dividend • Aug 06
Dividend increased to ₹1.50 Dividend of ₹1.50 is 50% higher than last year. Ex-date: 22nd August 2025 Payment date: 1st January 1970 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 (8% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 53% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 03
First quarter 2026 earnings released: EPS: ₹12.33 (vs ₹5.64 in 1Q 2025) First quarter 2026 results: EPS: ₹12.33 (up from ₹5.64 in 1Q 2025). Revenue: ₹17.1b (up 85% from 1Q 2025). Net income: ₹4.34b (up 119% from 1Q 2025). Profit margin: 25% (up from 22% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 02
Sarda Energy & Minerals Limited Appoints Mr. Arup Pal, as Senior Management Personnel, Designated as President and Plant Head, Ipp , Effective from 2Nd August 2025 Sarda Energy & Minerals Limited board at its meeting held on August 2, 2025 appointed Mr. Arup Pal, as Senior Management Personnel, designated as President and Plant Head, IPP, effective from 2nd August 2025. Mr. Arup Pal, Aged 59 Years Is B.E. (Mech.) from North Bengal University. He Has Nearly 38 Years of Experience in Power Plant - Project Planning, Commissioning, Operation, Maintenance and Related Activities. Mr. Arup Pal Has Worked with the Following organizations Ntpc, Adani Power, Lanco Infratech, Jindal Power and Jindal Steel & Power Ltd. Announcement • Jul 21
Sarda Energy & Minerals Limited to Report Q1, 2026 Results on Aug 02, 2025 Sarda Energy & Minerals Limited announced that they will report Q1, 2026 results at 12:15 PM, Indian Standard Time on Aug 02, 2025 Board Change • Jul 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Independent Non-Executive Director Anant Sarda was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. New Risk • May 30
New minor risk - Dividend sustainability The 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. This is currently the only risk that has been identified for the company. Announcement • May 26
Sarda Energy & Minerals Limited Recommends Dividend for the Financial Year 2024-25 Sarda Energy & Minerals Limited at its Board meeting held on May 24, 2025 recommended, subject to the approval of the members in the general meeting, dividend @ INR 1.50/- (150%) per equity share of INR 1/- each, for the financial year 2024-25. Reported Earnings • May 26
Full year 2025 earnings released: EPS: ₹19.86 (vs ₹14.84 in FY 2024) Full year 2025 results: EPS: ₹19.86 (up from ₹14.84 in FY 2024). Revenue: ₹48.2b (up 24% from FY 2024). Net income: ₹7.00b (up 34% from FY 2024). Profit margin: 14% (in line with FY 2024). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 74% per year, which means it is well ahead of earnings. Announcement • May 09
Sarda Energy & Minerals Limited to Report Fiscal Year 2025 Results on May 24, 2025 Sarda Energy & Minerals Limited announced that they will report fiscal year 2025 results at 3:30 PM, Indian Standard Time on May 24, 2025 Announcement • Feb 20
Sarda Energy & Minerals Limited Announces That Kamal Kishore Sarda Desires to Step Down as Managing Director Sarda Energy & Minerals Limited announced that in order to pass on the baton to the next generation as part of succession planning, Mr. Kamal Kishore Sarda has expressed his desire to step down as Managing Director of the Company. This will help him to focus more on planning and strategy and smooth succession to the next generation. Mr. Kamal Kishore Sarda, 72, has nearly 49 years of Industrial experience in Iron & Steel, Mining, Strategic Planning. Qualification: B.E. (Mech.). Date of appointment 16 December 1978. Experience Nearly 49 years of Industrial experience in Iron & Steel, Mining, Strategic Planning. Other Directorships: Chhatisgarh Investments Limited, Madhya Bharat Power Corporation Limited, Sarda Energy Limited and Sarda Metals and Alloys Limited. Chairman/Member of Committees; Sarda Energy & Minerals Limited- Member - Corporate Social Responsibility Committee Member - Nomination & Remuneration Committee, Chhatisgarh Investments Limited- Chairman -Risk Management Committee Member -Nomination & Remuneration Committee Member - Corporate Social Responsibility Committee, Sarda Metals & Alloys Limited- Member -Nomination & Remuneration Committee, Sarda Energy Limited- Chairman - Corporate Social Responsibility Committee. Reported Earnings • Feb 09
Third quarter 2025 earnings released: EPS: ₹5.60 (vs ₹3.32 in 3Q 2024) Third quarter 2025 results: EPS: ₹5.60 (up from ₹3.32 in 3Q 2024). Revenue: ₹13.2b (up 43% from 3Q 2024). Net income: ₹1.97b (up 69% from 3Q 2024). Profit margin: 15% (up from 13% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 76% per year, which means it is well ahead of earnings. Announcement • Jan 15
Sarda Energy & Minerals Limited to Report Q3, 2025 Results on Feb 08, 2025 Sarda Energy & Minerals Limited announced that they will report Q3, 2025 results on Feb 08, 2025 Reported Earnings • Nov 16
Second quarter 2025 earnings released: EPS: ₹5.55 (vs ₹3.99 in 2Q 2024) Second quarter 2025 results: EPS: ₹5.55 (up from ₹3.99 in 2Q 2024). Revenue: ₹12.1b (up 21% from 2Q 2024). Net income: ₹1.95b (up 39% from 2Q 2024). Profit margin: 16% (up from 14% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 72% per year, which means it is well ahead of earnings. Announcement • Oct 31
Sarda Energy & Minerals Limited to Report Q2, 2025 Results on Nov 14, 2024 Sarda Energy & Minerals Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Announcement • Sep 28
Sarda Energy & Minerals Limited Approves the Declaration of Dividend on Equity Share for the Full Year 2023-2024 Sarda Energy & Minerals Limited at the AGM held on September 26, 2024, approved the declaration of dividend @ 1 per equity share (100%) on equity share of F.V. of 1/- for the full year 2023-2024. New Risk • Aug 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.2% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.2% average weekly change). Announcement • Aug 16
Sarda Energy & Minerals Limited (BSE:504614) agreed to acquire SKS Power Generation (Chhattisgarh) Limited for INR 18.1 billion. Sarda Energy & Minerals Limited (BSE:504614) agreed to acquire SKS Power Generation (Chhattisgarh) Limited for INR 18.1 billion on August 13, 2024. A cash consideration of INR 18.05 billion will be paid by Sarda Energy & Minerals Limited. For the period ending March 31, 2024, SKS Power Generation (Chhattisgarh) Limited reported total revenue of INR 13.67 billion. As of March 31, 2024, SKS Power Generation (Chhattisgarh) Limited reported total assets of INR 37.1 billion. The transaction is subject to approval of bankruptcy court. The transaction has been approved by the Mumbai Bench of Hon’ble National Company Law Tribunal. Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹326, the stock trades at a trailing P/E ratio of 20.9x. Average trailing P/E is 25x in the Metals and Mining industry in India. Total returns to shareholders of 346% over the past three years. Declared Dividend • Aug 07
Dividend of ₹1.00 announced Shareholders will receive a dividend of ₹1.00. Ex-date: 30th August 2024 Payment date: 1st January 1970 Dividend yield will be 0.4%, 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 (7% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 22% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Aug 07
Now 31% overvalued after recent price rise Over the last 90 days, the stock has risen 7.7% to ₹278. The fair value is estimated to be ₹212, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Earnings per share has declined by 7.7%. Reported Earnings • Aug 04
First quarter 2025 earnings released: EPS: ₹5.64 (vs ₹4.85 in 1Q 2024) First quarter 2025 results: EPS: ₹5.64 (up from ₹4.85 in 1Q 2024). Revenue: ₹10.0b (down 4.8% from 1Q 2024). Net income: ₹1.99b (up 16% from 1Q 2024). Profit margin: 20% (up from 16% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 49% per year, which means it is well ahead of earnings. Announcement • Aug 03
Sarda Energy & Minerals Limited Announces Executive Changes Sarda Energy & Minerals Limited at its board meeting held on August 3, 2024, announced appointment of Mr. Manoj Kumar Shah, as Senior Management Personnel, designated as President, to take charge of plant operations of the Company effective from 3 August 2024. Mr. Manoj Kumar Shah, 53, is B.E. Mechanical with additional qualifications in Boiler Operations (BOE) and Certified Energy Auditor from BEE. He has also done MBA in Project Management. He is an Approved Valuer for Plant and Machinery and holds Chartered Engineer Certificate. Mr. Shah started his career with the Company in 1994 as engineering trainee and over the years through his hard work and dedication reached his present position of Head (Central Maintenance Organisation). He has more than 30 years of experience across various areas plant operation, plant maintenance, project execution, energy efficiency, etc. The Board also approved the movement of Mr. Sanjeev Agrawal, President in-charge of plant operations, w.e.f 3rd August 2024 to head services. Consequent to this, Mr. Sanjeev Agarwal will cease to be Senior Management Personnel. Announcement • Jul 16
Sarda Energy & Minerals Limited to Report Q1, 2025 Results on Aug 03, 2024 Sarda Energy & Minerals Limited announced that they will report Q1, 2025 results on Aug 03, 2024 Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹268, the stock trades at a trailing P/E ratio of 18.1x. Average trailing P/E is 25x in the Metals and Mining industry in India. Total returns to shareholders of 326% over the past three years. Recent Insider Transactions • Jun 11
Head of Corporate Finance recently bought ₹2.5m worth of stock On the 3rd of June, Nilay Joshi bought around 11k shares on-market at roughly ₹228 per share. This transaction amounted to 55% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹3.9m more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • May 30
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹219, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 23x in the Metals and Mining industry in India. Total returns to shareholders of 319% over the past three years. New Risk • May 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.8% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.8% average weekly change). Announcement • May 26
Sarda Energy & Minerals Limited Recommends Dividend for the Financial Year 2023-24 Sarda Energy & Minerals Limited announced that at its Board of Directors of the Company meeting held on 25th May 2024, recommended, subject to the approval of the members in the general meeting, dividend @ 1/- (100%) per equity share of INR 1/- each, for the financial year 2023-24. Announcement • May 16
Sarda Energy & Minerals Limited to Report Fiscal Year 2024 Results on May 25, 2024 Sarda Energy & Minerals Limited announced that they will report fiscal year 2024 results at 12:15 PM, Indian Standard Time on May 25, 2024 Valuation Update With 7 Day Price Move • May 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹268, the stock trades at a trailing P/E ratio of 17.1x. Average trailing P/E is 25x in the Metals and Mining industry in India. Total returns to shareholders of 373% over the past three years. Announcement • Apr 28
Sarda Energy & Minerals Limited Announces Directorate Appointments Sarda Energy & Minerals Limited at its Shareholders meeting approved appointment of Mr. Rajeev Sharma as an Independent Director for five years effective 3rd February 2024 and appointment of Mr. Upendra Prasad Singh as an Independent Director for five years effective 20th March 2024. Buy Or Sell Opportunity • Mar 22
Now 22% overvalued Over the last 90 days, the stock has fallen 13% to ₹217. The fair value is estimated to be ₹178, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 12%. Buy Or Sell Opportunity • Feb 27
Now 20% overvalued Over the last 90 days, the stock has fallen 9.6% to ₹214. The fair value is estimated to be ₹178, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 12%. New Risk • Feb 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.29b (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₹8.29b market cap, or US$99.8m). Reported Earnings • Feb 04
Third quarter 2024 earnings released: EPS: ₹3.32 (vs ₹3.70 in 3Q 2023) Third quarter 2024 results: EPS: ₹3.32 (down from ₹3.70 in 3Q 2023). Revenue: ₹9.63b (up 6.0% from 3Q 2023). Net income: ₹1.17b (down 10% from 3Q 2023). Profit margin: 12% (down from 14% in 3Q 2023). 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 88% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 16
Sarda Energy & Minerals Limited to Report Q3, 2024 Results on Feb 03, 2024 Sarda Energy & Minerals Limited announced that they will report Q3, 2024 results at 12:15 PM, Indian Standard Time on Feb 03, 2024 Announcement • Oct 18
Sarda Energy & Minerals Limited to Report Q2, 2024 Results on Oct 27, 2023 Sarda Energy & Minerals Limited announced that they will report Q2, 2024 results on Oct 27, 2023 Announcement • Oct 01
Sarda Energy & Minerals Limited Approves Dividend on Equity Shares for the Fiscal Year 2023 Sarda Energy & Minerals Limited at its AGM held on September 28, 2023, approved the declaration of Dividend @ INR 1.50 per equity share (150%) on equity share of face value of INR 1 for the fiscal year 2023. Announcement • Sep 05
Sarda Energy & Minerals Limited, Annual General Meeting, Sep 28, 2023 Sarda Energy & Minerals Limited, Annual General Meeting, Sep 28, 2023, at 11:30 Indian Standard Time. Location: Registered Office of the Company at 73-A, Central Avenue, Nagpur India Agenda: To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the year ended 31st March 2023 along with the reports of the Board of Directors and Auditors thereon; to consider and declare dividend for the financial year ended 31st March 2023; to consider and appoint a director in place of Mr. Padam Kumar Jain, who retires by rotation at this Annual General Meeting and being eligible, has offered himself for reappointment; and to discuss other business matters. Reported Earnings • Jul 30
First quarter 2024 earnings released: EPS: ₹48.48 (vs ₹48.19 in 1Q 2023) First quarter 2024 results: EPS: ₹48.48 (up from ₹48.19 in 1Q 2023). Revenue: ₹11.4b (down 10.0% from 1Q 2023). Net income: ₹1.71b (flat on 1Q 2023). Profit margin: 15% (up from 14% 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 38% per year but the company’s share price has increased by 126% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 18
Sarda Energy & Minerals Limited to Report Q1, 2024 Results on Jul 29, 2023 Sarda Energy & Minerals Limited announced that they will report Q1, 2024 results at 3:30 PM, Indian Standard Time on Jul 29, 2023 Reported Earnings • May 30
Full year 2023 earnings released: EPS: ₹170 (vs ₹223 in FY 2022) Full year 2023 results: EPS: ₹170 (down from ₹223 in FY 2022). Revenue: ₹42.6b (up 8.9% from FY 2022). Net income: ₹6.02b (down 25% from FY 2022). Profit margin: 14% (down from 21% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has increased by 93% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 19
Sarda Energy & Minerals Limited to Report Fiscal Year 2023 Results on May 27, 2023 Sarda Energy & Minerals Limited announced that they will report fiscal year 2023 results at 3:30 PM, Indian Standard Time on May 27, 2023 Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: ₹36.99 (vs ₹46.34 in 3Q 2022) Third quarter 2023 results: EPS: ₹36.99 (down from ₹46.34 in 3Q 2022). Revenue: ₹9.08b (down 9.1% from 3Q 2022). Net income: ₹1.30b (down 22% from 3Q 2022). Profit margin: 14% (down from 17% 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 57% per year but the company’s share price has increased by 76% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 28
Sarda Energy & Minerals Limited to Report Q3, 2023 Results on Feb 10, 2023 Sarda Energy & Minerals Limited announced that they will report Q3, 2023 results on Feb 10, 2023 Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment improved over the past week After last week's 19% share price gain to ₹1,115, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 14x in the Metals and Mining industry in India. Total returns to shareholders of 389% over the past three years. Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: ₹51.28 (vs ₹70.90 in 2Q 2022) Second quarter 2023 results: EPS: ₹51.28 (down from ₹70.90 in 2Q 2022). Revenue: ₹9.67b (down 5.7% from 2Q 2022). Net income: ₹1.81b (down 29% from 2Q 2022). Profit margin: 19% (down from 25% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has increased by 70% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 6 highly experienced directors. Additional Independent Woman Director Tripti Sinha was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 03
Sarda Energy & Minerals Limited, Annual General Meeting, Sep 29, 2022 Sarda Energy & Minerals Limited, Annual General Meeting, Sep 29, 2022, at 11:30 Indian Standard Time. Agenda: To consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the year ended 31st March 2022;to appoint a director in place of Mr. Pankaj Sarda (DIN: 00008190), who retires by rotation at this Annual General Meeting and being eligible, has offered himself for reappointment;and to consider other business matters. Announcement • Aug 03
RIL, Adani, NTPC Reportedly Among Bidders for SKS Power Reliance Industries Limited (NSEI:RELIANCE), Adani Power Limited (NSEI:ADANIPOWER) and NTPC Limited (NSEI:NTPC) are among the nearly two-dozen bidders interested in buying the bankrupt SKS Power Generation (Chhattisgarh) Limited, people familiar with the matter told ET. Others that have expressed interest include Torrent Power Limited (NSEI:TORNTPOWER), Jindal Power Limited, the Vedanta Group, DB Power Limited, Sarda Energy & Minerals Limited (BSE:504614), Jindal India Thermal Power Limited, Aditya Birla ARC Limited, Phoenix ARC Private Limited and Prudent Arc Limited, the people cited above said. SKS Power Generation is undergoing a corporate insolvency and resolution process (CIRP) since April 2022 and owes two lenders led by Bank of Baroda (BoB) a total of INR 18,900 million. BoB has the lion's share of the debt with INR 17,400 million of secured loans while State Bank of India (SBI) is the other creditor with INR 1,500 million of dues."The expressions of interest (EOI) have come from different groups indicating the demand for the asset. This is an operational plant with all coal and purchase power agreements in place, a rarity in today's times. Large industrial groups even with a power sector exposure have shown interest because a captive plant with coal linkages will reduce their power expenses," said one of the people cited above. July 28 was the last day for submissions. Reported Earnings • Jul 31
First quarter 2023 earnings released: EPS: ₹48.19 (vs ₹46.62 in 1Q 2022) First quarter 2023 results: EPS: ₹48.19 (up from ₹46.62 in 1Q 2022). Revenue: ₹12.2b (up 47% from 1Q 2022). Net income: ₹1.70b (up 1.0% from 1Q 2022). Profit margin: 14% (down from 20% 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 increased by 78% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 19
Sarda Energy & Minerals Limited to Report Q1, 2023 Results on Jul 30, 2022 Sarda Energy & Minerals Limited announced that they will report Q1, 2023 results on Jul 30, 2022 Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹715, the stock trades at a trailing P/E ratio of 3.2x. Average trailing P/E is 12x in the Metals and Mining industry in India. Total returns to shareholders of 239% over the past three years. Valuation Update With 7 Day Price Move • May 28
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹884, 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 252% over the past three years. Announcement • May 23
Sarda Energy & Minerals Limited Announces Interim Dividend for the Year 2021-2022 Sarda Energy & Minerals Limited announced that the Board has confirmed the Interim Dividend of INR 7.50 per share to be the final dividend for the year 2021-22 at its board meeting held on 21 May 2022. Reported Earnings • May 22
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: ₹223 (up from ₹104 in FY 2021). Revenue: ₹39.6b (up 80% from FY 2021). Net income: ₹8.04b (up 115% from FY 2021). Profit margin: 20% (up from 17% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 19%. Earnings per share (EPS) also missed analyst estimates by 50%. 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 55% per year. Announcement • May 08
Sarda Energy & Minerals Limited to Report Fiscal Year 2022 Results on May 21, 2022 Sarda Energy & Minerals Limited announced that they will report fiscal year 2022 results on May 21, 2022 Upcoming Dividend • Apr 28
Upcoming dividend of ₹7.50 per share Eligible shareholders must have bought the stock before 05 May 2022. Payment date: 23 May 2022. Payout ratio is a comfortable 3.7% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.4%). Lower than average of industry peers (3.9%). Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 6 highly experienced directors. Additional Independent Woman Director Tripti Sinha was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 25
Sarda Energy & Minerals Limited (BSE:504614) announces an Equity Buyback for 811,108 shares, representing 2.25% for INR 1,216.7 million. Sarda Energy & Minerals Limited (BSE:504614) announces a share repurchase program. Under the program, the company will repurchase up to 811,108 shares, representing 2.25% for INR 1,216.7 million. The shares will be repurchased at a price of INR 1,500 per share. The repurchases will be funded out of the company’s balances in free reserves, retained earnings, current surplus and/or cash and cash equivalents and/or internal accruals and/or liquid resources and/or such other permissible sources of funds, as permitted under the Act. The company has fixed May 6, 2022, as the record date. As of April 23, 2022, the company had 36,049,235 shares issued and outstanding. Announcement • Apr 24
Sarda Energy & Minerals Limited Approves Payment of Interim Dividend for the Fiscal Year 2021-2022 Sarda Energy & Minerals Limited at their meeting held on 23 April 2022 approved payment of interim dividend for the fiscal year 2021-2022 of INR 7.50 per share to the shareholders as per their entitlement. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improved over the past week After last week's 16% share price gain to ₹910, the stock trades at a trailing P/E ratio of 4.5x. Average trailing P/E is 12x in the Metals and Mining industry in India. Total returns to shareholders of 223% over the past three years. Reported Earnings • Feb 07
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: ₹46.34 (up from ₹32.06 in 3Q 2021). Revenue: ₹9.86b (up 63% from 3Q 2021). Net income: ₹1.67b (up 45% from 3Q 2021). Profit margin: 17% (down from 19% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 19%. Earnings per share (EPS) also missed analyst estimates by 50%. Over the last 3 years on average, earnings per share has increased by 52% per year whereas the company’s share price has increased by 51% per year. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improved over the past week After last week's 16% share price gain to ₹940, the stock trades at a trailing P/E ratio of 5x. Average trailing P/E is 14x in the Metals and Mining industry in India. Total returns to shareholders of 294% over the past three years. Reported Earnings • Nov 01
Second quarter 2022 earnings released: EPS ₹70.90 (vs ₹23.41 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹10.6b (up 93% from 2Q 2021). Net income: ₹2.56b (up 203% from 2Q 2021). Profit margin: 24% (up from 15% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 41% per year whereas the company’s share price has increased by 43% per year. Upcoming Dividend • Aug 11
Upcoming dividend of ₹7.50 per share Eligible shareholders must have bought the stock before 18 August 2021. Payment date: 23 October 2021. Trailing yield: 1.0%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (2.6%). Reported Earnings • Aug 02
First quarter 2022 earnings released: EPS ₹46.62 (vs ₹9.84 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹8.30b (up 139% from 1Q 2021). Net income: ₹1.68b (up 374% from 1Q 2021). Profit margin: 20% (up from 10% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 27% per year. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment improved over the past week After last week's 21% share price gain to ₹776, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 15x in the Metals and Mining industry in India. Total returns to shareholders of 109% over the past three years. Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improved over the past week After last week's 18% share price gain to ₹627, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 16x in the Metals and Mining industry in India. Total returns to shareholders of 63% over the past three years. Reported Earnings • May 24
Full year 2021 earnings released: EPS ₹104 (vs ₹35.09 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹22.0b (up 9.9% from FY 2020). Net income: ₹3.75b (up 197% from FY 2020). Profit margin: 17% (up from 6.3% in FY 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 8% per year. Announcement • May 23
Sarda Energy & Minerals Limited Recommends Dividend for the Fiscal Year 2020-21 Sarda Energy & Minerals Limited announced that Board of Directors meeting held on May 22, 2021, recommended a dividend of INR 7.50 per share (75%) for the financial year 2020-21, subject to the approval of the shareholders in the general meeting. Valuation Update With 7 Day Price Move • May 05
Investor sentiment improved over the past week After last week's 17% share price gain to ₹585, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 17x in the Metals and Mining industry in India. Total returns to shareholders of 43% over the past three years. Executive Departure • Apr 07
Independent Non-Executive Director has left the company On the 1st of April, Gajinder Sahni's tenure as Independent Non-Executive Director ended after 13.1 years in the role. We don't have any record of a personal shareholding under Gajinder's name. A total of 2 executives have left over the last 12 months. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improved over the past week After last week's 16% share price gain to ₹417, the stock trades at a trailing P/E ratio of 7.4x, up from the previous P/E ratio of 6.3x. Average P/E is 16x in the Metals and Mining industry in India. Total return to shareholders over the past three years was a loss of 6.6%. Is New 90 Day High Low • Feb 25
New 90-day high: ₹392 The company is up 25% from its price of ₹314 on 27 November 2020. The Indian market is up 17% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 36% over the same period. Reported Earnings • Feb 14
Third quarter 2021 earnings released: EPS ₹32.06 (vs ₹11.72 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹6.04b (up 32% from 3Q 2020). Net income: ₹1.16b (up 174% from 3Q 2020). Profit margin: 19% (up from 9.3% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 9% per year. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improved over the past week After last week's 19% share price gain to ₹374, the stock is trading at a trailing P/E ratio of 10.4x, up from the previous P/E ratio of 8.7x. This compares to an average P/E of 16x in the Metals and Mining industry in India. Total return to shareholders over the past three years is a loss of 26%. Announcement • Feb 03
Sarda Energy & Minerals Limited to Report Q3, 2021 Results on Feb 13, 2021 Sarda Energy & Minerals Limited announced that they will report Q3, 2021 results on Feb 13, 2021 Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 18% share price gain to ₹376, the stock is trading at a trailing P/E ratio of 10.4x, up from the previous P/E ratio of 8.8x. This compares to an average P/E of 16x in the Metals and Mining industry in India. Total return to shareholders over the past three years is a loss of 23%. Is New 90 Day High Low • Jan 04
New 90-day high: ₹376 The company is up 68% from its price of ₹224 on 06 October 2020. The Indian market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 34% over the same period. Valuation Update With 7 Day Price Move • Nov 17
Market bids up stock over the past week After last week's 15% share price gain to ₹306, the stock is trading at a trailing P/E ratio of 8.5x, up from the previous P/E ratio of 7.4x. This compares to an average P/E of 12x in the Metals and Mining industry in India. Total return to shareholders over the past three years is a loss of 27%. Is New 90 Day High Low • Nov 16
New 90-day high: ₹288 The company is up 23% from its price of ₹234 on 18 August 2020. The Indian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 5.0% over the same period. Reported Earnings • Nov 10
Second quarter 2021 earnings released: EPS ₹23.41 The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₹5.74b (up 4.3% from 2Q 2020). Net income: ₹844.0m (up 22% from 2Q 2020). Profit margin: 15% (up from 13% in 2Q 2020). The increase in margin was driven by higher revenue. Announcement • Nov 08
Sarda Energy & Minerals Limited Announces Resignation of Uma Sarda as Director Sarda Energy & Minerals Limited announced with reference to the captioned subject, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, informed that due to personal reasons, Mrs. Uma Sarda has tendered her resignation from the Board of Directors of the Company. The resignation is effective from 6 November, 2020. Valuation Update With 7 Day Price Move • Nov 05
Market bids up stock over the past week After last week's 17% share price gain to ₹286, the stock is trading at a trailing P/E ratio of 9x, up from the previous P/E ratio of 7.7x. This compares to an average P/E of 12x in the Metals and Mining industry in India. Total return to shareholders over the past three years is a loss of 33%. Valuation Update With 7 Day Price Move • Oct 19
Market bids up stock over the past week After last week's 22% share price gain to ₹265, the stock is trading at a trailing P/E ratio of 8.3x, up from the previous P/E ratio of 6.9x. This compares to an average P/E of 13x in the Metals and Mining industry in India. Total return to shareholders over the past three years is a loss of 39%. 
