Shyam Metalics and Energy Limited has reported robust financial performance for the quarter and financial year ended March 31, 2026. The company announced a final dividend of ₹2.70 per equity share. Furthermore, the board has greenlit a significant ₹2,700 crore capital expenditure plan for major expansion projects in Kharagpur and Sambalpur, aimed at bolstering manufacturing capacity and strengthening its long-term market position.
Financial Performance Highlights
For the fiscal year ending March 31, 2026, the company achieved impressive growth. On a consolidated basis, the company reported total revenue of ₹18,755.82 crore. The profitability remained strong, with a net profit of ₹1,070.24 crore attributable to shareholders. The board has recommended a final dividend of ₹2.70 per equity share, representing 27% of the face value, subject to approval at the upcoming Annual General Meeting.
Strategic Capital Expenditure and Expansion
Demonstrating its commitment to long-term growth, the company approved a major ₹2,700 crore investment for two key expansion projects:
- Kharagpur Facility: A new Long & Speciality Wire Rod and Bar Mill (SBQ Mill) with furnace capacity of 8,00,000 TPA, expected to be commissioned by March 31, 2029.
- Sambalpur Facility: Expansion of stainless steel downstream facilities from 0.50 MTPA to 0.60 MTPA, including a new cold rolling mill and annealing lines, targeted for completion by March 1, 2029.
These projects are designed to significantly enhance manufacturing capacity, operational efficiency, and product portfolio diversity.
Governance and Audits
As part of its commitment to operational excellence and transparency, the company has appointed M/s. Ernst & Young LLP as the Internal Auditor and M/s. BSS & Associates as the Cost Auditor for the 2026-27 financial year. The company remains focused on strengthening its governance framework and maintaining a robust internal audit structure.
Source: BSE
