Shyam Metalics and Energy Limited (SMEL) announced its consolidated sales performance for February 2026. Overall volumes saw mixed results across segments. While Pellet and Pig Iron volumes surged significantly YoY, Aluminium Foil and Sponge Iron volumes decreased. Realizations generally showed improvement YoY across all major product categories, demonstrating strong pricing power amidst fluctuating sales volumes compared to both the previous year and the preceding month.
Sales Performance Overview: February 2026
Shyam Metalics and Energy Limited has released its consolidated sales data for the month ending February 2026 (FY 2025-26). The report details performance across Stainless Steel, Aluminium Foil, Pellet, Speciality Alloys, Carbon Steel, CR Coil/Sheets, HR Tube/Pipe, Sponge Iron, and Pig Iron, highlighting both Year-over-Year (YoY) and Month-over-Month (MoM) changes in quantity and average realization (in Rs./MT).
Segmental Highlights: Volumes and Realizations
Stainless Steel
Stainless Steel sales volume saw a decrease of 3.10% YoY, reaching 8,286 MT. However, average realization experienced a substantial increase of 18.81% YoY to Rs. 1,53,537/MT. MoM, volumes dipped by 2.30% while realizations rose by 9.54%.
Aluminium Foil
This segment faced a volume challenge, with a YoY decrease of 12.98% (1,467 MT). Despite this, average realization increased by 15.63% YoY. MoM comparisons showed a steep volume decline of 24.01%.
Pellet
The Pellet segment demonstrated robust growth, with sales volume increasing by an impressive 30.67% YoY to 60,613 MT. Average realization also grew by 10.15% YoY. MoM data showed a significant volume drop of 45.30%.
Speciality Alloys
Speciality Alloys maintained positive momentum, posting a 1.86% YoY increase in volume (17,384 MT) and a 12.03% YoY increase in realization.
Carbon Steel (Billet and Long Steel Products)
Carbon Steel sales volumes grew by 7.88% YoY, totaling 1,44,050 MT. Realization increased by 4.70% YoY. MoM volumes decreased by 7.06%.
CR Coil/CR Sheets
This category experienced the largest volume surge YoY, jumping by 169.15% (15,221 MT), with realizations also climbing 14.58% YoY.
HR Tube/Pipe
Sales volume in HR Tube/Pipe increased dramatically by 352.99% YoY (217 MT), with a 9.94% YoY increase in realization. This unit began commercial sales in February 2025.
Sponge Iron
Sponge Iron volumes saw a contraction, falling by 16.24% YoY (63,361 MT). Realizations, however, improved by 4.55% YoY.
Pig Iron
Pig Iron reported an exceptional volume jump of 75.36% YoY (45,209 MT), coupled with a 15.63% YoY increase in average realization.
Company Context
Shyam Metalics and Energy Limited is highlighted as a leading integrated metal producer focusing on long steel products and ferro alloys. The company is recognized as one of the largest producers of Ferro Alloys and holds significant capacity in both pellet and sponge iron production in India. SMEL has maintained a strong financial track record since Fiscal 2005 and recently received upgraded ratings, including CRISIL AA+ (Stable) for Long Term Bank Facilities.
Source: BSE
