Shyam Metalics and Energy

Last updated

Shyam Metalics and Energy Ltd.
Type Public
BSE:  543299, NSE:  SHYAMMETL
ISIN INE810G01011
Industry Metal
Founded1991
Headquarters Kolkata, India [1]
Key people
Mahabir Prasad Agarwal
(Chairman)
Brij Bhushan Agarwal
(Vice Chairman and Managing Director) [2]
ProductsWire rods, billets, sponge iron, ferro alloys, TMT, structural pipes, pellets and aluminium sheets
RevenueIncrease2.svg10,453.96 crore (US$1.3 billion) (2022) [3]
Increase2.svg1,724.51 crore (US$220 million) (2022) [3]
Total assets Increase2.svg8,425.02 crore (US$1.1 billion) (2022) [4]
Total equity Increase2.svg5,834.67 crore (US$730 million) (2022) [4]
Number of employees
11000+
Website Official website

Shyam Metalics and Energy Ltd. (SMEL) is an Indian metal producing company, headquartered in Kolkata, West Bengal. The company produces long product structural steel, ferro alloys, pellet and sponge iron. [5]

Contents

SMEL got listed at Bombay Stock Exchange and National Stock Exchange of India on 24 June 2021. [6] At the time of its IPO the company used to operate three manufacturing plants located at Sambalpur in Odisha, and Jamuria and Mangalpur in West Bengal. [7]

History

Shareholding

As on 30 June 2022, promoters of Shyam Metalics and Energy Ltd. held 88.35% shares in the company.

ShareholdersShareholding [9]
Promoter & Promoter Group88.35%
Public11.65%
Total100.0%

Financials

The company reported total income of Rs.10453.96 crores during the Financial Year ended March 31, 2022 as compared to Rs.6320.79 crores during the Financial Year ended March 31, 2021.

There was a net profit of Rs.1724.51 crores reported for the Financial Year ended March 31, 2022 as against net profit of Rs.843.36 crores for the Financial Year ended March 31, 2021. [5]

Expansion and acquisition

Shyam Metalics has embarked on a 'diversification approach' in the metal space to chart the company's growth journey and has proposed to further invest Rs 7500 crore over the next five years. In order to meet the growth plans with organic and inorganic expansion, SMEL's present Capex aims at growing to Rs. 10000 crore in the next five years. The current manufacturing plants in West Bengal and Odisha which employs more than 15000 people will further see an addition of 10000 jobs to the entire workforce post expansions. [10]

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References

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