MULTIBAGGER SHARE: SHYAM METALICS & ENERGY LIMITED

Compnay Introduction

Shyam Metalics & Energy Limited is a fully integrated steel manufacturing company. As per CRISIL repot it is a leading integrated metal producing company based in india with a focus on long steel products and ferro alloys. It is the amongst the largest producers of ferro alloys in terms of installed capacity in india, as of Feb 2021 (CRISIL Report). Company have ability to sell intermediate and final products across the steel value chain. As of 31 Mar 2021, It is one of the leading player in terms of pellet capacity and the fourth largest player in the sponge iron industry in terms of sponge iron capacity in india (Source: CRISIL Report).

Company Fundamental:

Shyam Metalics & Energy Limited was incorporated in the year 2002. It is listed on BSE and NSE. Company engaged in the business of fully integrated steel manufacturingactivities. Its market cap as on date 10,542 crore and currently trading at 430.20 at NSE and 430.00 at BSE. Stock touched a new 52 week high today (19^th Jul 21). Company has reduced debt with zero promoter pledge and giving good quarterly profit. It is a leading integrated metal producer in india and strong financial performance and distribution network. Shyam Metalics & Enery Limited Listed on stock exchange on 24 Jun 21. Stock price gained more than 13 % after listing date. Now its immediate support at ( S1 : 425.25, S2: 412.50 and S3: 405.75)

Financial Views

Shyam Metalics & EnergyLimited Board approved its audited financial results for the Q4 FY 21 on 08^th Jul 2021. Company has reported net profit to Rs. 387.70 crore in Q4FY21, higher than net profit of Rs. 79.93 crore in Q4FY20.

The consolidate revenue of the company in the fourth quarter of Financial year 2021 has rised by 116.90% to Rs. 2350.51 crore during the quarter.

The company reported 147.94% rise in consolidated net profit to Rs. 843.56 crore on 43.89% increase in revenue from operations to Rs. 6297.07 crore in FY21 vs FY20.

Dividend Announcement

Shyam Metalics and Energy Ltd has informed BSE that the Board of Directors of the company at its meeting held on 08 Jul 21 inter alia, has recommended a dividend of Rs. 2.70/- Per Equity Share of Rs. 10.00/- each (27%) to the shareholders of the Company for the Financial Year ended March 31, 2021. The dividend recommended by the Board of the Company is subject to the approval of the shareholders at the ensuring Annual General Meeting (AGM) of the company and will be paid as per applicable guidance.

Shareholding Pattern

Promoter holding – 88.35% , FII Holding – 2.59%, DII Holding- 2.04% and Other Holding – 7.02%.

For Free Opening of Demat & Trading  Account use following Link are appended below : –

Zerodha : https://zerodha.com/open-account?c=ZMPOUL

Upstox : https://upstox.com/open-account/?f=HBRR

Astha : https://asthatrade.com/?c=VwoCj

Angel Broking : https://tinyurl.com/yx9gw7db

Our Views on stock

Shyam Metalics & EnergyLimited identified from our end at 406-410 range. Earlier Shyam Metalics IPO was subscribed 121.43x times on 16 Jun 21 and on 24^th Jun 21, It was listed on 378.65 per share, a premium of 23.74% compared with the IPO price was 306 per share. The company posted outstanding Q4 Result on 08^th Jul 21 and Next Q1 result is scheduled on 20^th Jul 21 and expecting excellent result so our target for FY 20-21 is 550, 750 and 1000. Once our target will hit then will again review this stocks in future.

Disclaimer: – This Posts is only for education and learning puposes. Our websites are not responsible for your profit or loss. Please consult your financial advisor before any investing.