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Sandur Manganese & Iron Ores Ltd
₹175.21
−₹2.70 (−1.52%)
NSE · 15 Oct 2026, close
Market Cap
₹8,637 Cr
CMP
₹175.21
52-wk High / Low
₹273 / 171
P/E
11.6
P/B
2.7
Book Value
₹66.9
Div Yield
0.28%
ROCE
24.0%
ROE
23.0%
Face Value
₹10
D/E
0.31
Price−14.7% over 1Y
āagman read
Computed by āagmanPiotroski F-Score
6
/ 9
6 of 9 F-score tests passed
Graham Number
₹143
√(22.5 × EPS × book value per share)
ROIC
18.6%
vs 10.6% sector median
Cash flow to profit
1.74
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−140
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
22.3%
ROE × earnings retention ratio
ROE stability
3.5
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII +0.10DII −0.08
Latest quarter vs the previous one
Cash-accrual divergence
−8.7%
of assets
Low = accruals track cash flow
Strengths
+FII holding rose by 1.4pp over the last year
+PE of 11.6x is below the sector median of 19.8x
Watch-outs
−Price trades below its 200-day moving average (0.8x)
−Price is 35.8% below its 52-week high
−Annualised volatility of 47.4% is in the high band (≥45%)
−Promoter holding fell by 0.2pp over the last year
Peer comparison
| Name | P/E | Mar Cap ₹ Cr | ROCE % | ROE % |
|---|
Quarterly results
| Jun 2023 | 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 | 363 | 185 | 153 | 552 | 602 | 260 | 952 | 1,321 | 1,135 | 1,232 | 1,209 | 1,511 | 1,375 |
| Expenses | 305 | 147 | 136 | 344 | 411 | 223 | 712 | 1,005 | 836 | 960 | 959 | 1,125 | 1,031 |
| Operating Profit | 58 | 37 | 17 | 208 | 191 | 38 | 240 | 316 | 299 | 273 | 251 | 387 | 343 |
| OPM % | 16.0% | 20.0% | 11.1% | 37.7% | 31.7% | 14.6% | 25.2% | 23.9% | 26.3% | 22.2% | 20.8% | 25.6% | 24.9% |
| Other Income | 19 | 18 | 15 | 31 | 23 | 25 | 20 | 9 | 15 | 12 | −4 | 20 | 15 |
| Interest | 6 | 5 | 5 | 4 | 4 | 5 | 41 | 67 | 54 | 57 | 46 | 55 | 26 |
| Depreciation | 14 | 14 | 15 | 15 | 14 | 14 | 38 | 54 | 51 | 53 | 54 | 54 | 51 |
| Profit before tax | 57 | 36 | 13 | 219 | 196 | 43 | 180 | 204 | 209 | 175 | 147 | 297 | 281 |
| Net Profit | 40 | 27 | 9 | 164 | 144 | 32 | 137 | 156 | 167 | 139 | 116 | 236 | 228 |
| EPS (₹) | 0.82 | 0.56 | 0.19 | 3.37 | 2.97 | 0.66 | 2.83 | 3.21 | 3.43 | 2.85 | 2.38 | 4.85 | 4.67 |
Profit & Loss
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 219 | 347 | 351 | 269 | 434 | 608 | 702 | 2,249 | 2,126 | 1,252 | 3,135 | 5,088 | 5,328 |
| Expenses | 193 | 291 | 308 | 266 | 335 | 434 | 477 | 1,275 | 1,733 | 932 | 2,353 | 3,880 | 4,074 |
| Operating Profit | 26 | 57 | 42 | 3 | 99 | 174 | 225 | 974 | 392 | 320 | 782 | 1,208 | 1,253 |
| OPM % | 11.9% | 16.4% | 12.0% | 1.1% | 22.8% | 28.6% | 32.1% | 43.3% | 18.4% | 25.6% | 24.9% | 23.7% | 23.5% |
| Other Income | 23 | 17 | 4 | 23 | 10 | 13 | 18 | 35 | 59 | 83 | 80 | 44 | 42 |
| Interest | 2 | 0 | 2 | 0 | 7 | 5 | 6 | 38 | 28 | 20 | 117 | 212 | 185 |
| Depreciation | 19 | 18 | 10 | 9 | 12 | 12 | 13 | 56 | 64 | 58 | 121 | 212 | 212 |
| Profit before tax | 27 | 56 | 35 | 16 | 90 | 169 | 224 | 915 | 360 | 325 | 624 | 827 | 899 |
| Net Profit | 23 | 36 | 25 | 7 | 61 | 111 | 147 | 675 | 271 | 239 | 471 | 658 | 719 |
| EPS (₹) | 0.53 | 0.78 | 0.54 | 0.16 | 1.27 | 2.33 | 3.09 | 13.89 | 5.57 | 4.93 | 9.67 | 13.51 | 14.75 |
Balance Sheet
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 9 | 9 | 9 | 9 | 9 | — | 27 | 162 | 162 | 486 | — |
| Reserves | 295 | 329 | 351 | 355 | 420 | 522 | 662 | — | 1,907 | 1,996 | 2,451 | 2,768 | — |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | 206 | 133 | 1,890 | 999 | — |
| Other Liabilities | 164 | 177 | 174 | 145 | 167 | 156 | 191 | — | 392 | 302 | 1,146 | 1,270 | — |
| Total Liabilities | 467 | 514 | 533 | 508 | 596 | 687 | 862 | — | 2,532 | 2,593 | 5,648 | 5,523 | — |
| Fixed Assets | 229 | 222 | 225 | 224 | 225 | 262 | 260 | — | 878 | 886 | 3,111 | 3,300 | — |
| CWIP | 28 | 5 | 4 | 3 | 4 | 12 | 202 | — | 67 | 116 | 373 | 142 | — |
| Investments | 40 | 45 | 58 | 48 | 119 | 175 | 65 | — | 469 | 484 | 227 | 281 | — |
| Other Assets | 170 | 242 | 245 | 234 | 248 | 238 | 335 | — | 1,118 | 1,106 | 1,937 | 1,800 | — |
| Total Assets | 467 | 514 | 533 | 508 | 596 | 687 | 862 | — | 2,532 | 2,593 | 5,648 | 5,523 | — |
Cash Flows
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 32 | 16 | 36 | −7 | 85 | 128 | 169 | 873 | 142 | 153 | 841 | 1,143 |
| Cash from Investing Activity | −28 | −9 | −24 | 4 | −71 | −106 | −147 | −793 | −11 | −66 | −1,554 | 20 |
| Cash from Financing Activity | 0 | 0 | −3 | −3 | −13 | −13 | −12 | −106 | −129 | −107 | 704 | −1,123 |
| Net Cash Flow | 4 | 8 | 9 | −7 | 1 | 9 | 10 | −26 | 2 | −20 | −9 | 39 |
Ratios
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 9.0 | 16.0 | 10.0 | −1.0 | 23.0 | 34.0 | 36.0 | — | — | 15.0 | 21.0 | 24.0 |
| ROE % | — | — | — | — | — | — | — | — | — | — | — | 23.0 |
| EPS (₹) | 0.53 | 0.78 | 0.54 | 0.16 | 1.27 | 2.33 | 3.09 | 13.89 | 5.57 | 4.93 | 9.67 | 13.51 |
| Book Value (₹) | — | — | — | — | — | — | — | — | — | — | — | 66.9 |
| Face Value (₹) | — | — | — | — | — | — | — | — | — | — | — | 10 |
| P/E | — | — | — | — | — | — | — | — | — | — | — | 11.6 |
| Div Yield % | — | — | — | — | — | — | — | — | — | — | — | 0.28 |
| NPM % | 9.5 | 9.9 | 7.0 | 2.4 | 13.7 | 17.9 | 20.4 | 29.6 | 12.4 | 17.9 | 14.7 | 12.8 |
| OPM % | 12.0 | 16.0 | 12.0 | 1.0 | 23.0 | 29.0 | 32.0 | 43.0 | 18.0 | 26.0 | 25.0 | 24.0 |
| D/E | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | 0.11 | 0.06 | 0.72 | 0.31 |
| P/B | — | — | — | — | — | — | — | — | — | — | — | 2.7 |
Growth
Compounded sales growth
10 years+34.0%
3 years+34.0%
TTM+45.0%
Compounded profit growth
10 years+80.0%
3 years+37.0%
TTM+51.0%
Stock price CAGR
10 years+34.0%
5 years+36.0%
3 years+24.0%
Last year−14.0%
Return on equity
3 years18.0%
Last year23.0%
Documents
Announcements
Announcement under Regulation 30 (LODR)-Newspaper PublicationCompliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Closure of Trading WindowAnnouncement under Regulation 30 (LODR)-Newspaper PublicationAnnouncement under Regulation 30 (LODR)-Updates on AcquisitionCorporate actions
12 Aug 2026DIVIDENDDividend - Rs 0.50 Per Share—
22 Sep 2025BONUSBonus 2:1—
10 Sep 2025DIVIDENDDividend - Rs 1.25 Per Share—
11 Sep 2024DIVIDENDDividend - Re 1 Per Share—
2 Feb 2024BONUSBonus 5:1—
13 Sep 2023DIVIDENDDividend - Rs 5 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman