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The Sandur Manganese & Iron Ores Limited

The Sandur Manganese & Iron Ores Limited

NSE: SANDUMA
SteelBasic MaterialsMID CAPMCap ₹8.64k Cr
₹177.68₹-1.47 (-0.82%)

Market Closed • NSE

Market cap₹8.64k Cr
Enterprise value₹9.50k Cr
P/E TTM12.05
P/B2.65
EPS TTM₹14.75
ROCE24.20%
D/E0.31
Dividend yield0.00%
Face value₹10.00
52W high₹273.00
52W low₹170.51
Price chart(1Y)
1Y Return:-20.27% (₹45.18)
H: ₹226.76L: ₹175
1W+0.19%
1M-9.69%
3M-10.88%
6M-18.32%
1Y-13.52%
Today at a glance

Day range

₹175.01₹180.00

52 week range

₹170.51₹273.00
Volume519.2K1.05x 20D avg
Free float50.00%+5.30% volume

The Sandur Manganese & Iron Ores Limited closed at INR177.68 (-0.82%) on volume 1.05x its 20-day average, trading 34.92% below its 52-week high.

Technical analysis
RSI (14)37.4Neutral (30–70)
MACDBULLISHBullish (Above signal)
ATR (14)₹5.48High
SMA 20₹182.82BEARISH
SMA 50₹194.97BEARISH
SMA 100₹203.15BEARISH
SMA 200₹208.12BEARISH
CPR bottom₹178.38
Pivot₹178.64
CPR top₹178.89
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved -3.4% QoQ

2026-08-12

DIVIDEND Announced

Dividend - Rs 0.50 Per Share

2025-09-22

BONUS Announced

Bonus 2:1

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹999.4 Cr₹8.64k Cr11.57%≤ 33%PASS
Non-halal income ratio–₹5.09k Cr0.00%≤ 5%PASS
Illiquid assets ratio₹5.47k Cr₹5.53k Cr99.04%≥ 20%PASS
Receivables ratio–₹5.53k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E12.0521.40
Forward P/E——
P/B2.652.20
EV/EBITDA—18.00
PEG—1.00
Earnings yield8.304.70
Growth & profitability
RevenuePAT
FY24PAT margin 19.10%
FY25PAT margin 15.00%
FY26PAT margin 12.90%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+17.50%
Revenue CAGR 5Y+32.70%
PAT CAGR 3Y+11.70%
PAT CAGR 5Y+22.40%
Operating margin21.27%
Net margin13.46%
Financial health & cash flow
Net debt₹946.4 CrModerate
Interest coverage4.70xEBIT / interest
CFO / PAT1.75x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹1.14k Cr
Capital expenditure–
Free cash flow₹987.7 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall83/100
Valuation75/100
Profitability80/100
Financial health95/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Strong Capital Efficiency: ROCE stands at 24.2%

Low Debt Profile: Debt-to-Equity is comfortable at 0.31x

High Cash Flow Conversion: CFO/PAT averaged 1.75x over last 3 years

Attractive Valuation: P/E of 12.0x trades below sector historical averages

Risks

Subject to cyclical raw material and macro industry pressures

Bull case

Market Leadership: Established operational scale in Steel.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

80%53%27%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
2.29%Institutional holding
23.47%Public holding
5Periods available
0.00%Promoter pledged
85.21KShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
12 Aug 2026Dividend₹0.50 / share—12 Aug 2026
22 Sept 2025Bonus issue2:1 bonus ratio—22 Sept 2025
10 Sept 2025Dividend₹1.25 / share—10 Sept 2025
11 Sept 2024Dividend₹1.00 / share—11 Sept 2024
02 Feb 2024Bonus issue5:1 bonus ratio—02 Feb 2024
13 Sept 2023Dividend₹5.00 / share—13 Sept 2023
—Annual General MeetingAnnual General Meeting—13 Sept 2023
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)47.20%-1.78% latest vs average
Highest delivery58.39%on 21 Sept
Average volume (20D)511.3KTrading-session average
Conviction trendWeakening-1.78% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
UltraTech Cement Limited
UltraTech Cement LimitedULTRACEMCO
Open analysis
₹3.14L36.802.30%₹25,799.47₹2,982.76+11.86%+20.17%
JSW Steel Limited
JSW Steel LimitedJSWSTEEL
Open analysis
₹2.85L11.520.60%₹47,364.00₹4,651.00+11.55%+112.96%
Hindustan Zinc Limited
Hindustan Zinc LimitedHINDZINC
Open analysis
₹2.30L13.462.07%₹13,687.00₹5,425.00+77.22%+146.14%
Asian Paints Limited
Asian Paints LimitedASIANPAINT
Open analysis
₹2.24L47.081.19%₹10,541.94₹1,539.25+17.94%+39.96%
Tata Steel Limited
Tata Steel LimitedTATASTEEL
Open analysis
₹2.17L19.642.33%₹60,794.00₹2,385.00+14.32%+18.83%
Hindalco Industries Limited
Hindalco Industries LimitedHINDALCO
Open analysis
₹2.00L12.210.56%₹84,825.00₹7,013.00+32.06%+75.15%
Grasim Industries Limited
Grasim Industries LimitedGRASIM
Open analysis
₹1.96L34.470.35%₹11,794.71₹246.65-70.60%-82.61%
Solar Industries India Limited
Solar Industries India LimitedSOLARINDS
Open analysis
₹1.81L90.880.06%₹3,668.00₹666.00+70.29%+88.67%
About The Sandur Manganese & Iron Ores Limited
The Sandur Manganese & Iron Ores Limited

The Sandur Manganese & Iron Ores Limited (SMIORE), the flagship company of the Karnataka based Sandur Group, incorporated in 1954. Company is involved in mining of low phosphorous manganese and iron ore in the Hosapete Ballari region of Karnataka. In addition, Company manufactures ferro-alloys (silico-Manganese and ferro manganese) and coke at its plant in Vyasankare, near Hospet.[1] It is the 3rd Largest Manganese ore miner in India.[2]

IndiaBasic Materials

Questions investors ask
Is The Sandur Manganese & Iron Ores Limited Shariah compliant?

The Sandur Manganese & Iron Ores Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (11.57%) complies with AAOIFI threshold (≤ 33%).

What is The Sandur Manganese & Iron Ores Limited's current valuation relative to peers?

The Sandur Manganese & Iron Ores Limited trades at a P/E of 12.0x compared to the sector median of 21.4x, and a Price-to-Book of 2.7x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.31x. Interest coverage is 4.7x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 32.7% while net profit growth averaged 22.4%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-09. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.