Sarda Energy & Minerals Ltd
Sarda Energy & Minerals Ltd (SARDAEN)

Sarda Energy & Minerals Ltd (SARDAEN)

₹811.90.77%

Key Stats

₹806.4
Day's Price Range
₹819
₹650.75
52-Week Price Range
₹1360
1 Month Return-10.85 %
3 Month Return-1.51 %
1 Year Return20.96 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 25
3.58
EPS
Rank 7
₹224.63
BVPS
Rank 6
₹833.21
Dividend Yield
Rank 50
1.79%
ROE
Rank 33
28.35%
Price To Book Ratio
Rank 49
0.96
Debt To Asset
Rank 170
0.5

Company Information

Earlier known as Raipur Wires Steel Raipur Alloys Steel was promoted in Dec.77 by the Tejpaul group Bombay. The Sanda group purchased it in 1979 and renamed it Raipur Alloys Steel in 1985. It produces sponge iron for its captive use to convert it into rolled products for sale.The company came out with an issue of fully convertible debentures in Dec.92 to partfinance the sponge iron project and meet part of the longterm working capital requirements. The products of the company mild steel and carbon steel billets are used by rerollers.To make its sponge iron plant selfsufficient it has identified areas in Madhya Pradesh having good deposits of iron ore and has applied for leases in these areas. This will reduce the cost of iron ore resulting in a lower cost of sponge iron. The company started commercial production in the second kiln in its sponge iron plant from Sep.95.During 199798 the Indian Bureau of Mines Govt. of India has granted its approval to the company for mining lease in 100 hectares in Dongarbor in Rajnandgaon district of M.P. In 199899 the Company applied for additional area of about 125 Hectares for iron ore mining and expects to get Prospecting License in the near future. It has received mining lease for iron ore in 200102. The company has planned for major expansion of both sponge iron and Steel in the near future.With the prior approval the company has alloted 6540000 Equity shares on preferential basis to promoters as per SEBI regulations.
OrganisationSarda Energy & Minerals Ltd
HeadquartersNagpur
IndustrySteel