Sales Volume (FY26)
4.94M tons
+26% YoY
Full-year sales volume grew 26% YoY, driven by capacity additions and strong demand.
SHYAMMETALICSANDENERGY
Energy
14 May 2026
Shyam Metalics and Energy Limited — Q4 FY26
Shyam Metalics delivered a record Q4 FY26 with revenue of ₹5,240 Cr (+27% YoY) and EBITDA of ₹756 Cr (+33% YoY), driven by 26% volume growth to 4.94 MT and a favorable product mix shift toward value-added segments like CR coils and stainless steel.
Financial stats pending filing verification
2-Minute Summary
✦ AI-Generated from Full Transcript
Shyam Metalics delivered a record Q4 FY26 with revenue of ₹5,240 Cr (+27% YoY) and EBITDA of ₹756 Cr (+33% YoY), driven by 26% volume growth to 4.94 MT and a favorable product mix shift toward value-added segments like CR coils and stainless steel. EBITDA margin expanded 60 bps YoY to 14.4%, aided by cost discipline and improved realizations. The board approved a new ₹2,700 Cr capex for a specialty wire mill and stainless steel downstream expansion, targeting commissioning by March 2029. Management guided for ~30% EBITDA growth in FY27, supported by ramp-up of CRM Phase 2, aluminium foil, and sponge iron capacity. Key risk: global steel price volatility and geopolitical disruptions could pressure realizations.
Key Numbers
CR Coil Volume (Q4)
50,344 tons
+200% YoY
CR coil volume surged ~200% YoY, reflecting ramp-up of the CRM complex at Jamuria.
Pig Iron Volume (Q4)
238,499 tons
+200% YoY
Pig iron volume grew ~200% YoY, driven by strong domestic demand and expanded capabilities.
Aluminium Realization (Q4)
₹407,461/ton
+16% YoY
Aluminium realization improved 16% YoY, supported by firm demand and product mix.
Management Guidance
~30% EBITDA growth in FY27
Management expects EBITDA to grow ~30% YoY in FY27, driven by volume growth from new capacities and cost efficiencies.
Management guidance growthCRM EBITDA per ton of ₹10,000-11,000 in FY27
The CRM complex is expected to contribute EBITDA of ₹10,000-11,000 per ton in FY27.
Management guidance marginsAluminium EBITDA per ton of ₹35,000-40,000 in FY27
Aluminium segment EBITDA per ton is expected to be in the range of ₹35,000-40,000 in FY27.
Management guidance marginsCapex of ₹2,900 Cr in FY27
The company plans to incur ₹2,900 Cr of capex in FY27 as part of the ₹10,000 Cr total capex program.
Management guidance capexKey Risks
Global steel price volatility
Geopolitical tensions and trade actions could lead to price pressure and volatility in steel markets, impacting realizations.
high · management_commentaryNickel sourcing challenges
Nickel prices have risen ~20% due to Indonesia supply cuts, posing cost risks for stainless steel production, though 75% of portfolio is low-nickel.
medium · analyst_questionED case on coal allocation
An ongoing ED investigation related to coal allocation could lead to legal or reputational risks, though management downplays it.
low · analyst_questionPollution control board non-compliance
Central Pollution Control Board identified non-compliance issues; management expects resolution within 3 months.
low · analyst_questionNotable Quotes
We will always believe on the volume growth will never depend on the realization side.
I would be little bit more conservative you know like I don't want to say because you know for us uh I've been always very very conservative and prudent on my stay on my project and on my targets.
Our debt will not cross at any point 0.5x to the total equity in any point of circumstances.
Frequently Asked Questions
What was Shyam Metalics and's revenue in Q4 FY26?
Shyam Metalics and reported revenue of ₹5,240 Cr in Q4 FY26, representing a +27% change compared to the same quarter last year.
What guidance did Shyam Metalics and management give for FY27?
~30% EBITDA growth in FY27: Management expects EBITDA to grow ~30% YoY in FY27, driven by volume growth from new capacities and cost efficiencies. CRM EBITDA per ton of ₹10,000-11,000 in FY27: The CRM complex is expected to contribute EBITDA of ₹10,000-11,000 per ton in FY27. Aluminium EBITDA per ton of ₹35,000-40,000 in FY27: Aluminium segment EBITDA per ton is expected to be in the range of ₹35,000-40,000 in FY27. Capex of ₹2,900 Cr in FY27: The company plans to incur ₹2,900 Cr of capex in FY27 as part of the ₹10,000 Cr total capex program.
What are the key risks for Shyam Metalics and in FY27?
Key risks include Global steel price volatility — Geopolitical tensions and trade actions could lead to price pressure and volatility in steel markets, impacting realizations.; Nickel sourcing challenges — Nickel prices have risen ~20% due to Indonesia supply cuts, posing cost risks for stainless steel production, though 75% of portfolio is low-nickel.; ED case on coal allocation — An ongoing ED investigation related to coal allocation could lead to legal or reputational risks, though management downplays it.; Pollution control board non-compliance — Central Pollution Control Board identified non-compliance issues; management expects resolution within 3 months..
Did Shyam Metalics and meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full Shyam Metalics and Q4 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary with filing verification status shown on the financial stats.