Shyam Metalics and Energy Ltd

Shyam Metalics & Energy announced that the Board of Directors of the Company at its meeting held on 11 May 2026, inter alia, have recommended the final dividend of Rs 2.7 per equity Share (i.e. 27%) , subject to the approval of the shareholders.

Revenue from operations jumped 26.34% YoY to Rs 5,240.36 crore for the quarter ended 31 March 2026. Total expenses increased 24.24% YoY to Rs 4,513.48 crore in Q4 FY26. The cost of materials consumed stood at Rs 3,848.63 crore, up 32.62% YoY, while employee benefit expenses rose 22.72% YoY to Rs 134.34 crore. Profit before tax (PBT) stood at Rs 456.30 crore in Q4 FY26, registering a growth of 53.53% from Rs 297.17 crore reported in the corresponding quarter previous year. On a full-year basis, the company's consolidated net profit jumped 16.6% to Rs 1,060.17 crore on a 22.39% rise in revenue from operations to Rs 18,552.21 crore in FY26 over FY25. Meanwhile, the company's board recommended a final dividend of Rs 2.70 per equity share of face value Rs 10 each for FY26, subject to shareholders' approval at the ensuing annual general meeting (AGM). Further, the company has approved a capital expenditure plan of Rs 2,700 crore to expand its speciality steel and stainless steel capacities. The expansion includes setting up a long and specialty wire rod and bar mill with a furnace capacity of 800,000 tonnes per annum at Kharagpur with an investment of Rs 900 crore and expansion of stainless steel capacity at Sambalpur from 0.50 MTPA to 0.60 MTPA along with downstream facilities such as cold rolling, hot rolling, annealing, and pickling lines involving an investment of Rs 1,800 crore. Both projects are scheduled for commissioning by March 2029. Shyam Metalics and Energy is a leading integrated metal-producing company based in India with a focus on long steel products and ferroalloys. The company is among the largest producers of ferro alloys, one of the leading players in terms of pellet capacity, and the fourth largest player in the sponge iron industry in terms of sponge iron capacity in India. Shares of Shyam Metalics and Energy fell 1.35% to Rs 891.50 on the BSE.Powered by Capital Market - Live

Net profit of Shyam Metalics & Energy rose 45.87% to Rs 319.09 crore in the quarter ended March 2026 as against Rs 218.75 crore during the previous quarter ended March 2025. Sales rose 26.60% to Rs 5240.36 crore in the quarter ended March 2026 as against Rs 4139.36 crore during the previous quarter ended March 2025. For the full year,net profit rose 17.85% to Rs 1070.24 crore in the year ended March 2026 as against Rs 908.10 crore during the previous year ended March 2025. Sales rose 22.39% to Rs 18552.21 crore in the year ended March 2026 as against Rs 15158.63 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales5240.364139.36 27 18552.2115158.63 22 OPM %13.8712.45 -12.5812.31 - PBDT704.81525.80 34 2344.521952.36 20 PBT456.30297.17 54 1462.371241.19 18 NP319.09218.75 46 1070.24908.10 18 Powered by Capital Market - Live

The board of Shyam Metalics & Energy at its meeting held on 11 May 2026 has approved new projects/ expansion plan of the company and its subsidiaries involving capital expenditure of Rs 2,700 crore as follows: Details of approved projects: 1. Long & Speciality Wire Road and Bar Mill (SBQ Mill) with furnace at Kharagpur Capacity - 8,00,000 TPA Budget - Rs 900 crore Expected commissioning - 31 March 2029 2. Expansion of Stainless Steel with downstream facilities from 0.50 MTPA TO 0.60 MTPA with SS Cold Rolling Mill, SS Precision Cold Rolling Mill, S Hot Rolling Annealing & Pickling Line and SS Bright Annealing Line at Sambalpur. Capacity - 6,00,000 TPA Budget - Rs 1800 crore Expected commissioning - 01 March 2029

The proposed expansion plan will be placed before the Board of Directors for the formal approval at its forthcoming meeting. The company will invest Rs 900 crore in an 8,00,000 TPA Special Bar Quality (SBQ) and Specialty Wire Rod & Bar Mill. The project will enable entry into premium steel categories with stronger realizations and higher-margin applications across automotive, engineering, infrastructure, and industrial segments The investment is expected to increase the share of high-realisation value-added products, Improve blended product margins, support incremental topline growth from premium segments and open opportunities in export-oriented and precision steel markets. In addition, the company is advancing its stainless steel growth strategy with a further Rs 1,800 crore investment to expand stainless steel capacity. Key downstream additions under the expansion include an expanded stainless steel melt shop, capacity enhancement in the hot strip mill, a major cold rolling expansion, a new reversible cold rolling mill, a hot rolled annealing and pickling line, a cold annealing and pickling line, and a bright annealing line. With these additions, cumulative investment in the stainless steel segment will increase from Rs 1,030 crore to Rs 2,830 crore This investment is in addition to the company's previously announced Rs 16,060 crore capex pipeline, of which around Rs 8,700 crore has already been invested. The remaining balance is under phased execution over the next three to four years, reinforcing the company's long-term growth roadmap focused on capacity-led topline expansion and profitability enhancement. Brij Bhushan Agarwal, chairman and managing director, Shyam Metalics and Energy, said, 'This marks the next phase of Shyam Metalics' evolution from scaleled growth to value-led growth. Our objective is not simply to add capacity, but to build stronger positions in sophisticated, higher-margin product categories that can drive sustainable returns over the long term. The investments in specialty steel and advanced stainless downstream products will help us move further up the value chain, support import substitution, and strengthen India's manufacturing capabilities. Importantly, these expansions are being funded entirely through internal accruals, reflecting both our balance sheet strength and disciplined approach to growth.' Shyam Metalics and Energy is a leading integrated metal-producing company based in India with a focus on long steel products and ferro alloys. The company is amongst the largest producers of ferro alloys, one of the leading players in terms of pellet capacity and the fourth largest player in the sponge iron industry in terms of sponge iron capacity in India. The company's consolidated net profit fell 0.2% marginally to Rs 197.24 crore in Q3 FY26 compared with Rs 197.71 crore in Q3 FY25. Net sales jumped 17.7% YoY to Rs 4421.46 crore in Q3 FY26.

Shyam Metalics & Energy (SMEL) today unveiled a Rs 2,700 crore strategic growth expansion programme. The investment will be funded entirely through internal accruals and is aimed at expanding higher-margin product offerings, driving incremental topline growth, and strengthening long-term earnings quality. The proposed expansion plan will be placed before the Board of Directors for the formal approval at its forthcoming meeting. This investment is in addition to the Company's previously announced Rs 16,060 crore capex pipeline, of which approximately Rs 8,700 crore has already been invested. The remaining balance is under phased execution over the next 3 to 4 years, reinforcing a long-term growth roadmap focused on capacity-led topline expansion alongside profitability enhancement. Commenting on the developments, Brij Bhushan Agarwal, Chairman and Managing Director, Shyam Metalics and Energy, said, 'This marks the next phase of Shyam Metalics' evolution from scale led growth to value-led growth. Our objective is not simply to add capacity, but to build stronger positions in sophisticated, higher-margin product categories that can drive sustainable returns over the long term. The investments in specialty steel and advanced stainless downstream products will help us move further up the value chain, support import substitution, and strengthen India's manufacturing capabilities. Importantly, these expansions are being funded entirely through internal accruals, reflecting both our balance sheet strength and disciplined approach to growth. We are confident that the integration of these stainless steel offerings will catalyze manifold growth in both our topline and profit margins. With these projects, we are building a stronger, more resilient and globally competitive metals platform, one that is aligned with India's industrial ambitions while delivering long-term value for customers, communities and shareholders.'

Shyam Metalics & Energy will hold a meeting of the Board of Directors of the Company on 11 May 2026.

Shyam Metalics & Energy has expanded its production capabilities at its Pakuria facility with the addition of new equipment as part of its ongoing focus on improving operations and meeting growing demand. The Company has successfully commissioned and commenced commercial production from two new Annealing Furnaces. One plant is of 25 MT p.a. while other one is of 30 MT p.a. capacity. It will help to streamline the annealing process and improve production efficiency. These furnaces are expected to support better consistency in output and overall product quality. Alongside this, Shyam Metalics has commissioned a 2300 mm Vertical Foil Separator (LGSS). This equipment enables accurate separation of Ultra-Light Gauge (ULG) and Light Gauge (LG) foil, covering a thickness range of 6 to 15 microns. This addition will help the Company to cater the customers with more specialised requirements and with greater precision. Together, these upgrades will improve process control and strengthen manufacturing capabilities at the Pakuria unit, while supporting the Company's efforts to expand its value-added product offerings.

The company has commenced commercial production from two new annealing furnaces with capacities of 25 MT per annum and 30 MT per annum, respectively. These additions are expected to streamline the annealing process, improve production efficiency, and ensure greater consistency in output and product quality. In addition, the company has commissioned a 2,300 mm vertical foil separator (LGSS), which enables precise separation of ultra-light gauge (ULG) and light gauge (LG) foil across a thickness range of 6 to 15 microns. This development will allow the company to cater to specialized customer requirements with improved precision. The combined upgrades are expected to enhance process control and strengthen manufacturing capabilities at the Pakuria unit, while supporting the company's strategy to expand its value-added product portfolio. Brij Bhushan Agarwal, chairman & managing director, Shyam Metalics and Energy, said, We are continuously working on strengthening our operations through targeted upgrades and better processes. The additions at Pakuria will help us improve efficiency and deliver more consistent, high-quality products to our customers. As demand evolves, we are focused on building the right capabilities to respond quickly and effectively. Shyam Metalics and Energy is a leading integrated metal-producing company based in India with a focus on long steel products and ferro alloys. The company is amongst the largest producers of ferro alloys, one of the leading players in terms of pellet capacity and the fourth. Shyam Metalics and Energy is a leading integrated metal-producing company based in India with a focus on long steel products and ferro alloys. The company is amongst the largest producers of ferro alloys, one of the leading players in terms of pellet capacity and the fourth largest player in the sponge iron industry in terms of sponge iron capacity in India. On a year-on-year (YoY) basis, the company's net profit declined marginally by 0.23%, while revenue from operations jumped 17.70% in Q3 FY26.

Shyam Metalics & Energy announced the successful commissioning of Phase II of its Cold Rolling Mill (CRM) facility for colour coated sheets at its Jamuria plant in West Bengal. The facility, operated by its wholly owned subsidiary, Shyam Sel & Power (SSPL), has commenced commercial production effective 16 April 2026. Phase II comprises an advanced processing Dual Pot GI cum Galvalume (GL) line with a capacity of 0.15 million tonnes per annum (MTPA), significantly enhancing the Company's product range and technical capabilities. This expansion marks a critical step towards catering to more demanding and precision-driven applications across industries. With this incremental capacity, the total installed capacity of the CRM facility reached to 0.40 MTPA. This includes the existing Phase I capacity of 0.25 MTPA and the newly commissioned Phase II capacity, further strengthening the Company's footprint in the value-added steel segment. With this development, Shyam Metalics is now strategically positioned to cater the solar energy sector, particularly in the manufacturing of mounting structures for solar panels, an area that was previously heavily dependent on imports. By addressing this gap, the Company is actively contributing to India's vision of self-reliance and domestic manufacturing excellence. The Phase II expansion also aligns with the Government of India's Production Linked Incentive (PLI) Scheme - PLI 2, reinforcing Shyam Metalics' commitment to national initiatives aimed at boosting advanced manufacturing and reducing import dependency. In addition to renewable energy applications, the enhanced facility will cater to a broader spectrum of high-growth sectors, including automotive and consumer durables/appliances, where demand for high-quality, precision-engineered steel continues to rise and has been primarily import-dependent