Sandur Manganese & Iron Ores Ltd.

•

sandurgroup.comBSE: 504918NSE: SANDUMA

Market Cap₹ 9,253 Cr.

Current Price

High / Low₹ 273 / 153

Stock P/E12.9

Book Value₹ 72

Price to Book2.57

Dividend Yield0.26 %

ROCE23.8 %

ROE22.5 %

Face Value₹ 10

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Steel: 61.7% • Mining: 29.1% • Ferroralloy & Power: 7.4%

AI Sector View

AI GENERATED

Metals & Mining

Hold

The sector backdrop is mixed. Iron ore output was very strong at 29.5% YoY (2026-07), but steel slowed to 2.9% YoY (2026-07), finished steel consumption was 8.0% YoY (2026-06), and headline mining production was still -0.9% (Jul/26). FPI outflows of INR -2349 crore over 3 months to 2026-08-31 also argue against an aggressive overweight.

Confidence

61%

View full sector analysis →

PROS

Company has delivered good profit growth of 42.7% CAGR over last 5 years
Company has a healthy return on capital (ROCE) of 20.4%
Company has consistently been profitable over the last 5 years
Company has delivered good sales growth of 52.9% CAGR over last 5 years
Latest quarter profit grew 36.4% YoY, showing strong momentum
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.56x)

CONS

Though reporting repeated profits, the company pays out little dividend (3.7%)
Growth is decelerating - 3Y profit CAGR (34.4%) trails the 5Y trend (42.7%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Metals & MiningMiningMining & Minerals

Part ofNIFTY MICROCAP250 NIFTY TOTAL MKT

S.No.	Name
1.	COALINDIA	425.60	8.41	262285.72	6.23	8849.81	1.32	46254.80	45.09	35.43	26.61
2.	NMDC	82.45	9.72	72488.54	4.25	1976.23	0.43	6795.25	0.84	27.98	35.89
3.	KIOCL	355.85	556.25	21626.82	0.00	-15.48	59.04	158.01	73.79	-10.27	-16.83
4.	GMDCLTD	575.20	19.13	18291.36	1.65	163.43	-0.21	906.64	23.76	18.28	21.12
5.	SANDUMA	190.35	12.90	9253.01	0.26	2278.50	1263.64	13747.80	1110.85	23.78	24.91
6.	ASHAPURMIN	542.60	12.74	5183.25	0.37	108.31	-4.91	1616.12	19.22	20.64	11.63
7.	MOIL	245.15	67.35	4988.44	2.17	513.84	—	2677.04	—	12.64	28.40
8.	DECNGOLD	229.80	1331.69	4618.31	0.00	-87.26	-210.25	6.03	1462.18	-20.83	-826.53
9.	ORISSAMINE	3954.55	0.00	2372.73	0.00	-7.61	75.80	28.99	330.83	-44.94	-32.24
10.	20MICRONS	208.50	10.86	735.72	0.60	17.74	5.22	244.72	-0.99	17.83	13.13
11.	ASOCSTONE	25.01	8.98	225.28	1.60	7.97	2887.41	44.18	-25.13	13.63	27.86
12.	OSWALMIN	28.90	1.07	22.40	0.00	—	—	—	—	5.85	—

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	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
	363	185	153	552	602	260	952	1,321	1,135	1,232	1,209	1,511	13,748
	305	147	136	344	411	223	712	1,005	836	960	959	1,125	11,084
Operating Profit	58	37	17	208	191	38	240	316	299	273	251	387	2,663
OPM %	15.97%	20.28%	11.16%	37.64%	31.74%	14.43%	25.24%	23.91%	26.36%	22.13%	20.73%	25.57%	19.37%
	19	18	15	31	23	25	20	9	15	12	-4	20	147
Interest	6	5	5	4	4	5	41	67	54	57	46	55	261
Depreciation	14	14	15	15	14	14	38	54	51	53	54	54	510
Profit before Tax	57	36	13	219	196	43	180	204	209	175	147	297	2,800
Tax %	29.42%	25.87%	25.46%	26.03%	25.16%	25.57%	23.17%	23.16%	20.19%	20.54%	20.58%	20.34%	18.63%
Net Profit	0	0	0	0	144	32	137	156	167	139	116	236	2,278
	2.46	1.67	0.56	10.10	8.92	0.66	2.83	3.21	10.28	2.85	2.38	4.85	4.67

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	347	351	269	422	608	702	2,126	1,252	3,135	5,088	5,328
	291	309	266	323	434	478	1,733	932	2,354	3,882	4,152
Operating Profit	56	41	3	99	174	224	392	320	781	1,206	1,176
OPM %	16.19%	11.77%	0.99%	23.41%	28.56%	31.86%	18.46%	25.57%	24.91%	23.71%	22.08%
	18	5	23	10	13	19	59	83	81	45	42
Interest	0	2	0	7	5	6	28	20	117	212	185
Depreciation	18	10	9	12	12	13	64	58	121	212	212
Profit before Tax	56	35	16	90	169	224	360	325	624	827	898
Tax %	35.02%	19.61%	57.15%	32.67%	34.25%	34.23%	24.60%	26.58%	23.96%	20.39%	19.89%
Net Profit	36	28	7	61	111	147	271	239	475	659	720
EPS	42.07	29.12	8.44	68.45	126.27	167.44	16.87	14.78	29.02	13.51	—
Dividend Payout %	7.13%	10.30%	35.53%	7.30%	5.54%	4.18%	4.99%	6.77%	4.31%	3.70%	—

COMPOUNDED SALES GROWTH

10 Years:: 37%
5 Years:: 53%
3 Years:: 34%

COMPOUNDED PROFIT GROWTH

10 Years:: 39%
5 Years:: 43%
3 Years:: 34%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: 32%
1 Year:: 24%

RETURN ON EQUITY

10 Years:: 16%
5 Years:: 20%
3 Years:: 18%
Last Year:: 22%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	9	9	9	9	9	9	27	162	162	486
Minority Interest	27	29	29	31	32	33	0	0	15	16
	329	351	355	420	522	662	1,907	1,996	2,451	2,768
	2	2	0	0	0	0	208	106	1,377	602
Trade Payables	53	42	25	29	47	75	252	135	747	852
	298	311	310	82	56	59	956	1,009	1,769	1,158
Total Liabilities	717	743	728	571	666	837	3,349	3,408	6,521	5,883
	222	225	224	211	213	211	835	844	3,068	3,260
Capital Work in Progress	5	4	3	4	12	202	67	116	373	142
	45	58	48	119	175	65	469	484	227	281
	59	83	60	89	87	65	292	388	952	872
	0	0	0	0	0	0	0	34	374	438
Cash & Bank	21	29	27	29	38	69	513	60	45	88
	365	342	366	120	142	226	1,173	1,482	1,482	801
Total Assets	717	743	728	571	666	837	3,349	3,408	6,521	5,883

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	48	60	1	108	188	247	229	153	841	1,143
Cash from Investing	-9	-24	4	-71	-106	-147	-11	-66	-1,561	20
Cash from Financing	-0	-3	-3	-13	-13	-12	-129	-107	704	-1,123
	8	9	-7	1	9	10	2	-20	-16	39

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.22	74.22	74.22	74.22	74.22	74.22	74.22	74.22	74.22
	0.77	0.99	1.06	1.12	1.00	1.01	1.20	1.63	1.73
	1.45	1.46	1.47	1.41	0.59	0.69	0.67	0.66	0.58
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	23.56	23.32	23.24	23.25	24.18	24.09	23.92	23.48	23.46

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-09

Action(s) taken or orders passed

2026-09-09 - Sandur Manganese & Iron Ores Limited has informed the Exchange about receipt of penalty order by Royal Sandur Metals Private Limited (formerly Arjas Steel Private Limited), Material Subsidiary of the Company

2026-08-28

General Updates

2026-08-28 - Sandur Manganese & Iron Ores Limited has informed the Exchange about change in name of Material Subsidiaries of the Company

2026-08-21

Shareholders meeting

2026-08-21 - Sandur Manganese & Iron Ores Limited has submitted the Exchange a copy Scrutinizer's Report and voting results of Annual General Meeting held on August 19, 2026.

2026-08-21

Acquisition

2026-08-21 - Sandur Manganese & Iron Ores Limited has informed the Exchange about icorporation of Royal Sandur Hospitality Private Limited, Wholly Owned Subsidiary of the Company

2026-08-19

Shareholders meeting

2026-08-19 - Sandur Manganese & Iron Ores Limited has informed the Exchange regarding Proceedings of 72nd Annual General Meeting held on August 19, 2026

2026-08-14

Acquisition

2026-08-14 - Sandur Manganese & Iron Ores Limited has informed the Exchange about incorporation of Royal Sandur Academy Private Limited, Wholly Owned Subsidiary of the Company

2026-08-11

Copy of Newspaper Publication

2026-08-11 - Sandur Manganese & Iron Ores Limited has informed the Exchange about Copy of Newspaper Publication regarding notice of special window for transfer and dematerializationof physical securities

2026-08-07

Copy of Newspaper Publication

2026-08-07 - Sandur Manganese & Iron Ores Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-06

Investor Presentation

2026-08-06 - Sandur Manganese & Iron Ores Limited has informed the Exchange about Investor Presentation

News

Recent coverage and analyst commentary for SANDUMA

Loading news…

🤖

AI Stock Analyst

Sandur Manganese & Iron Ores Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account

Name

COALINDIA

425.60

8.41

262285.72

6.23

8849.81

1.32

46254.80

45.09

35.43

26.61

NMDC

82.45

9.72

72488.54

4.25

1976.23

0.43

6795.25

0.84

27.98

35.89

KIOCL

355.85

556.25

21626.82

0.00

-15.48

59.04

158.01

73.79

-10.27

-16.83

GMDCLTD

575.20

19.13

18291.36

1.65

163.43

-0.21

906.64

23.76

18.28

21.12

SANDUMA

190.35

12.90

9253.01

0.26

2278.50

1263.64

13747.80

1110.85

23.78

24.91

ASHAPURMIN

542.60

12.74

5183.25

0.37

108.31

-4.91

1616.12

19.22

20.64

11.63

MOIL

245.15

67.35

4988.44

2.17

513.84

—

2677.04

—

12.64

28.40

DECNGOLD

229.80

1331.69

4618.31

0.00

-87.26

-210.25

6.03

1462.18

-20.83

-826.53

ORISSAMINE

3954.55

0.00

2372.73

0.00

-7.61

75.80

28.99

330.83

-44.94

-32.24

20MICRONS

208.50

10.86

735.72

0.60

17.74

5.22

244.72

-0.99

17.83

13.13

ASOCSTONE

25.01

8.98

225.28

1.60

7.97

2887.41

44.18

-25.13

13.63

27.86

OSWALMIN

28.90

1.07

22.40

0.00

—

5.85

—

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

363

185

153

552

602

260

952

1,321

1,135

1,232

1,209

1,511

13,748

305

147

136

344

411

223

712

1,005

836

960

959

1,125

11,084

Operating Profit

208

191

240

316

299

273

251

387

2,663

OPM %

15.97%

20.28%

11.16%

37.64%

31.74%

14.43%

25.24%

23.91%

26.36%

22.13%

20.73%

25.57%

19.37%

-4

147

Interest

261

Depreciation

510

Profit before Tax

219

196

180

204

209

175

147

297

2,800

Tax %

29.42%

25.87%

25.46%

26.03%

25.16%

25.57%

23.17%

23.16%

20.19%

20.54%

20.58%

20.34%

18.63%

Net Profit

144

137

156

167

139

116

236

2,278

2.46

1.67

0.56

10.10

8.92

0.66

2.83

3.21

10.28

2.85

2.38

4.85

4.67

Mar 2014

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

347

351

269

422

608

702

2,126

1,252

3,135

5,088

5,328

291

309

266

323

434

478

1,733

932

2,354

3,882

4,152

Operating Profit

174

224

392

320

781

1,206

1,176

OPM %

16.19%

11.77%

0.99%

23.41%

28.56%

31.86%

18.46%

25.57%

24.91%

23.71%

22.08%

Interest

117

212

185

Depreciation

121

212

Profit before Tax

169

224

360

325

624

827

898

Tax %

35.02%

19.61%

57.15%

32.67%

34.25%

34.23%

24.60%

26.58%

23.96%

20.39%

19.89%

Net Profit

111

147

271

239

475

659

720

EPS

42.07

29.12

8.44

68.45

126.27

167.44

16.87

14.78

29.02

13.51

—

Dividend Payout %

7.13%

10.30%

35.53%

7.30%

5.54%

4.18%

4.99%

6.77%

4.31%

3.70%

—

Mar 2014

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

162

486

Minority Interest

329

351

355

420

522

662

1,907

1,996

2,451

2,768

208

106

1,377

602

Trade Payables

252

135

747

852

298

311

310

956

1,009

1,769

1,158

Total Liabilities

717

743

728

571

666

837

3,349

3,408

6,521

5,883

222

225

224

211

213

211

835

844

3,068

3,260

Capital Work in Progress

202

116

373

142

119

175

469

484

227

281

292

388

952

872

374

438

Cash & Bank

513

365

342

366

120

142

226

1,173

1,482

801

Total Assets

717

743

728

571

666

837

3,349

3,408

6,521

5,883

Mar 2014

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2023

Mar 2024

Mar 2025

Mar 2026

108

188

247

229

153

841

1,143

Cash from Investing

-9

-24

-71

-106

-147

-11

-66

-1,561

Cash from Financing

-0

-3

-13

-12

-129

-107

704

-1,123

-7

-20

-16

Mar 2014

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

74.22

0.77

0.99

1.06

1.12

1.00

1.01

1.20

1.63

1.73

1.45

1.46

1.47

1.41

0.59

0.69

0.67

0.66

0.58

Government

0.00

23.56

23.32

23.24

23.25

24.18

24.09

23.92

23.48

23.46

Sandur Manganese & Iron Ores Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Sandur Manganese & Iron Ores Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI