Buy Shyam Metalics and Energy, target price Rs 975: ICICI Securities

ICICI Securities has a buy call on Shyam Metalics and Energy with a target price of Rs 975. The current market price of Shyam Metalics is Rs 712.45. Shyam Metalics and Energy, incorporated in the year 2002, is a Small Cap company (having a market cap of Rs 19726.25 Crore) operating in Metals - Ferrous sector.

Shyam Metalics' key products/revenue segments include Steel, Sale of services, Other Operating Revenue, Export Incentives for the year ending 31-Mar-2024.

Financials

For the quarter ended 30-09-2024, the company has reported a Consolidated Total Income of Rs 3708.61 crore, up 1.26 % from last quarter Total Income of Rs 3662.48 crore and up 24.49 % from last year same quarter Total Income of Rs 2978.93 crore. The company has reported net profit after tax of Rs 215.63 crore in the latest quarter.

The company's top management includes Mr.Mahabir Prasad Agarwal, Mr.Chandra Shekhar Verma, Mr.Malay Kumar De, Mr.Nand Gopal Khaitan, Mrs.Rajni Mishra, Mr.Kishan Gopal Baldwa, Mr.Yudhvir Singh Jain, Mr.Sheetij Agarwal, Mr.Dev Kumar Tiwari, Mr.Deepak Kumar Agarwal, Mr.Sanjay Kumar Agarwal, Mr.Brij Bhushan Agarwal, Mr.Shashi Kumar. Company has S K Agarwal & Co. LLP as its auditors. As on 30-09-2024, the company has a total of 28 Crore shares outstanding.


Promoter/FII Holdings
Promoters held 74.59 per cent stake in the company as of 30-Sep-2024, while FIIs owned 3.48 per cent, DIIs 6.18 per cent.