Buy Shyam Metalics and Energy, target price Rs 520: JM Financial

JM Financial has buy call on Shyam Metalics and Energy with a target price of Rs 520. The current market price of Shyam Metalics and Energy is Rs 464.7.

Shyam Metalics and Energy Ltd., incorporated in the year 2002, is a Small Cap company (having a market cap of Rs 11830.64 Crore) operating in Metals - Ferrous sector.

Shyam Metalics and Energy Ltd. key Products/Revenue Segments include Steel, Sale of services, Export Incentives, Power, Miscellaneous, Other Operating Revenue for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 2978.93 Crore, down -10.81 % from last quarter Total Income of Rs 3339.84 Crore and down -4.12 % from last year same quarter Total Income of Rs 3106.85 Crore. Company reported net profit after tax of Rs 481.94 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 81.62 per cent stake in the company as of 30-Sep-2023, while FIIs owned 1.84 per cent, DIIs 4.3 per cent.