Sarda Energy & Minerals (SARDAEN)₹439.95−1.27%Iron & Steel
In the Jun 2026 quarter (consolidated), Sarda Energy & Minerals reported sales of ₹1,613 Cr, down 1.6% from Jun 2025, and net profit of ₹478 Cr, up 9.4% year on year. For the year to Mar 2026, sales were ₹5,713 Cr and net profit ₹1,108 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,004 | 928 | 893 | 929 | 1,163 | 1,323 | 1,243 | 1,639 | 1,533 | 1,281 | 1,259 | 1,613 |
| Expenses | 761 | 738 | 739 | 667 | 823 | 952 | 971 | 1,019 | 1,018 | 967 | 908 | 958 |
| Operating Profit | 241 | 188 | 152 | 261 | 336 | 368 | 270 | 615 | 511 | 310 | 347 | 651 |
| OPM % | 24.0% | 20.0% | 17.0% | 28.0% | 29.0% | 28.1% | 22.0% | 38.0% | 34.0% | 24.0% | 28.0% | 41.0% |
| Other Income | 24.10 | 32.15 | 42.14 | 75.30 | 51.17 | 0.00 | 46.20 | 80.33 | 68.25 | 95.33 | 5.02 | 108 |
| Interest | 35.02 | 31.02 | 27.98 | 36.03 | 50.03 | 63.98 | 70.04 | 62.02 | 64.05 | 63.97 | 54.05 | 58.01 |
| Depreciation | 45.97 | 45.91 | 45.91 | 44.91 | 61.93 | 77.93 | 86.86 | 80.86 | 84.91 | 85.88 | 87.86 | 88.86 |
| Profit before tax | 186 | 143 | 121 | 255 | 276 | 226 | 160 | 554 | 432 | 255 | 210 | 616 |
| Tax % | 19.0% | 25.0% | 37.0% | 24.0% | 26.0% | 17.0% | 41.0% | 24.0% | 27.0% | 28.0% | 33.0% | 25.0% |
| Exceptional items | 0.00 | −0.99 | −0.99 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 6.98 | 0.00 | 0.00 |
| Net Profit | 149 | 114 | 87.92 | 198 | 203 | 200 | 99.81 | 437 | 327 | 190 | 155 | 478 |
| EPS (Rs) | 3.98 | 3.31 | 2.67 | 5.62 | 5.53 | 5.57 | 3.06 | 12.29 | 9.14 | 5.38 | 4.46 | 12.96 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,486 | 1,439 | 2,181 | 2,333 | 2,007 | 2,208 | 3,931 | 4,229 | 3,884 | 4,659 | 5,713 | 5,686 |
| Expenses | 1,291 | 1,220 | 1,775 | 1,846 | 1,647 | 1,682 | 2,565 | 3,157 | 3,077 | 3,415 | 3,911 | 3,851 |
| Operating Profit | 191 | 217 | 401 | 481 | 355 | 519 | 1,352 | 1,057 | 795 | 1,234 | 1,784 | 1,820 |
| OPM % | 13.1% | 15.0% | 18.1% | 21.0% | 18.0% | 24.0% | 35.1% | 25.0% | 21.0% | 27.0% | 31.0% | 32.0% |
| Other Income | 35.15 | 96.35 | 63.28 | 17.06 | −17.05 | 130 | 43.15 | 49.18 | 182 | 173 | 248 | 277 |
| Interest | 112 | 93.99 | 97.03 | 98.99 | 82.06 | 78.96 | 147 | 124 | 128 | 220 | 244 | 240 |
| Depreciation | 74.88 | 68.87 | 72.89 | 75.83 | 77.94 | 74.90 | 143 | 178 | 183 | 271 | 340 | 348 |
| Profit before tax | 39.09 | 150 | 295 | 324 | 179 | 496 | 1,111 | 808 | 669 | 920 | 1,451 | 1,514 |
| Tax % | 68.0% | 15.0% | 30.0% | 36.0% | 24.0% | 23.0% | 27.0% | 25.0% | 24.0% | 26.0% | 27.0% | — |
| Exceptional items | 1.99 | 23.94 | −3.99 | 1.99 | −1.99 | 0.99 | −0.99 | 2.99 | 7.98 | 15.98 | 7.99 | 6.98 |
| Net Profit | 12.99 | 127 | 205 | 207 | 128 | 376 | 806 | 603 | 524 | 701 | 1,108 | 1,150 |
| EPS (Rs) | 0.34 | 3.64 | 5.60 | 5.62 | 3.49 | 10.36 | 22.23 | 17.03 | 14.78 | 19.77 | 31.27 | 31.94 |
| Dividend payout % | 143.0% | 11.0% | 8.9% | 9.0% | 14.0% | 7.0% | 3.0% | 9.0% | 7.0% | 8.0% | 6.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 35.92 | 35.93 | 35.92 | 35.89 | 35.90 | 35.89 | 35.93 | 35.92 | 34.91 | 34.91 | 34.90 | 34.91 |
| Reserves | 1,175 | 1,187 | 1,322 | 1,541 | 1,706 | 1,834 | 2,182 | 2,970 | 3,375 | 3,854 | 6,250 | 7,337 |
| Borrowings | 1,482 | 1,221 | 1,363 | 1,386 | 1,395 | 1,694 | 1,715 | 1,581 | 1,407 | 1,366 | 2,860 | 2,633 |
| Other Liabilities | 350 | 380 | 393 | 449 | 540 | 535 | 584 | 711 | 661 | 743 | 972 | 1,362 |
| Total Liabilities | 3,043 | 2,826 | 3,113 | 3,411 | 3,678 | 4,100 | 4,516 | 5,297 | 5,478 | 5,999 | 10,118 | 11,368 |
| Fixed Assets | 1,335 | 1,228 | 1,185 | 1,360 | 1,350 | 1,325 | 1,289 | 2,857 | 2,910 | 2,856 | 5,848 | 6,113 |
| CWIP | 441 | 594 | 799 | 783 | 1,062 | 1,373 | 1,616 | 133 | 132 | 251 | 621 | 463 |
| Investments | 280 | 205 | 226 | 241 | 214 | 191 | 267 | 501 | 423 | 660 | 794 | 1,648 |
| Other Assets | 987 | 800 | 903 | 1,026 | 1,053 | 1,210 | 1,344 | 1,805 | 2,012 | 2,231 | 2,855 | 3,143 |
| Inventories | 426 | 221 | 342 | 409 | 438 | 499 | 577 | 611 | 723 | 526 | 806 | 792 |
| Trade receivables | 96.59 | 124 | 106 | 130 | 92.66 | 124 | 137 | 168 | 181 | 101 | 220 | 275 |
| Cash & equivalents | 10.96 | 11.96 | 10.96 | 67.74 | 44.82 | 165 | 96.62 | 281 | 371 | 765 | 606 | 860 |
| Total Assets | 3,043 | 2,826 | 3,113 | 3,411 | 3,678 | 4,100 | 4,516 | 5,297 | 5,478 | 5,999 | 10,118 | 11,368 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | −36.01 | 469 | 177 | 300 | 480 | 336 | 188 | 916 | 701 | 742 | 886 | 1,733 |
| Cash from investing activity | 331 | −148 | −242 | −156 | −400 | −416 | −186 | −467 | −432 | −423 | −2,136 | −1,169 |
| Cash from financing activity | −386 | −384 | 63.05 | −86.09 | −106 | 199 | −70.11 | −331 | −480 | −223 | 1,203 | −519 |
| Net cash flow | −91.26 | −61.17 | −1.01 | 58.16 | −24.06 | 120 | −68.19 | 120 | −209 | 96.20 | −46.10 | 50.13 |
| Capex | 14.04 | 161 | 241 | 263 | 328 | 360 | 305 | 283 | 218 | 267 | 492 | 339 |
| Free cash flow | −49.95 | 309 | −62.96 | 48.91 | 155 | −15.98 | −115 | 643 | 484 | 477 | 396 | 1,399 |
| CFO / OP % | −2.0% | 254.0% | 89.1% | 90.1% | 123.1% | 112.0% | 52.0% | 87.0% | 88.0% | 112.1% | 74.1% | 98.1% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 20 | 31 | 27 | 22 | 15 | 23 | 23 | 16 | 16 | 10 | 17 | 18 |
| Inventory days | 178 | 85 | 134 | 103 | 108 | 142 | 158 | 108 | 107 | 81 | 116 | 100 |
| Days payable | 30 | 43 | 60 | 40 | 47 | 73 | 68 | 47 | 25 | 27 | 29 | 23 |
| Cash conversion cycle | 168 | 72 | 101 | 85 | 76 | 92 | 113 | 77 | 98 | 64 | 105 | 96 |
| Working capital days | 7 | 117 | 154 | 99 | 96 | 120 | 97 | 53 | 67 | 49 | 68 | 165 |
| ROCE % | 12.0% | 6.0% | 8.0% | 14.1% | 13.1% | 8.0% | 15.1% | 29.1% | 19.0% | 15.1% | 15.0% | 17.1% |
For the Jun 2026 quarter, Sarda Energy & Minerals reported sales of ₹1,613 Cr, down 1.6% year on year and net profit of ₹478 Cr, up 9.4% year on year. The operating margin was 41.0%.
Sarda Energy & Minerals' sales for the year to Mar 2026 were ₹5,713 Cr; over the last twelve months they were ₹5,686 Cr.
Net profit for the year to Mar 2026 was ₹1,108 Cr, and ₹1,150 Cr over the last twelve months. Earnings per share over the same trailing period were ₹31.94.
Sarda Energy & Minerals reported borrowings of ₹2,633 Cr at Mar 2026, against cash and equivalents of ₹860 Cr.
Cash from operations was ₹1,733 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹1,399 Cr.