Shyam Metalics & Energy outlines capacity expansion roadmap
Shyam Metalics & Energy released its investor presentation for the Investor & Analyst Day 2026, detailing its integrated 'Ore to Metal' model and strategic capacity expansion. The company outlined its growth trajectory through the post-expansion phase, with plans to increase capacities across pellets, sponge iron, and stainless steel segments. The presentation highlighted specific revenue figures for different product lines, with significant contributions expected from its power and steel verticals.
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Shyam Metalics & Energy released its investor presentation for the Investor & Analyst Day 2026, detailing its integrated 'Ore to Metal' model and strategic capacity expansion. The company, which operates across power, ferro alloys, pellets, pig iron, and steel products, outlined its growth trajectory through the post-expansion phase. The presentation, submitted pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, was signed by Company Secretary Birendra Kumar Jain on June 17, 2026.
Operational Capacity and Expansion
The company detailed its production capacity progression from FY21 to the post-expansion phase. Iron Pellet capacity grew from 2.40 million tonnes in FY21 to 6.00 million tonnes in FY26, remaining stable post-expansion. Sponge Iron capacity is set to increase from 3.05 million tonnes in FY26 to 4.10 million tonnes post-expansion. Billets capacity will rise from 2.01 million tonnes to 2.41 million tonnes.
Captive Power capacity is projected to grow significantly from 467 MW in FY26 to 677 MW post-expansion. Renewable Power capacity is expected to jump from 9 MW to 109 MW in the same period. The company also plans to expand its Stainless Steel Billet capacity from 0.12 million tonnes to 0.85 million tonnes and Finished Stainless Steel from 0.15 million tonnes to 0.75 million tonnes.
| Product | FY21 (MTPA) | FY26 (MTPA) | Post Expansion (MTPA) |
|---|---|---|---|
| Iron Pellet | 2.40 | 6.00 | 6.00 |
| Sponge Iron | 1.39 | 3.05 | 4.10 |
| Billets | 0.89 | 2.01 | 2.41 |
| TMT, Structural Steel, Wire Rods & Pipes | 0.82 | 2.07 | 2.16 |
| Speciality Alloys | 0.21 | 0.22 | 0.24 |
| Captive Power (MW) | 227 | 467 | 677 |
| Renewable Power (MW) | 5 | 9 | 109 |
| Stainless Steel Billet | - | 0.12 | 0.85 |
| Stainless Steel Finished Steel | - | 0.15 | 0.75 |
Stainless Steel Vertical
The presentation highlighted the company's entry into the stainless steel segment through the acquisition of Mittal Corp in October 2023. This vertical includes two manufacturing units at Pithampur, Madhya Pradesh, with an installed capacity of 0.15 MTPA for finished stainless steel. The company is expanding its footprint with Cold Rolling (CR) and Hot Rolling (HR) facilities at the Sambalpur plant to increase market share in revenue and margin-accretive products.
Financial Projections
Shyam Metalics provided revenue projections for FY26 and FY31E across various business segments. The total revenue is expected to be driven by significant contributions from its power and steel verticals. The presentation highlighted specific revenue figures for different product lines.
| Segment | Revenue FY26 (₹ Cr) | Revenue Share FY26 (%) |
|---|---|---|
| Power | 12,760 | 70% |
| Steel Sales | 17,933 | 42% |
| Pig Iron | 11,969 | 28% |
| Others | 4,704 | 11% |
| Aluminium Foil | 2,097 | 11% |
| Sponge Iron | 2,331 | 5% |
| Iron Pellet | 1,322 | 7% |
| Railway Wagons | 2,976 | 7% |
| Ferro Alloys | 947 | 2% |
Historical Stock Returns for Shyam Metalics & Energy
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.49% | +0.09% | +9.43% | +21.16% | +17.23% | +157.96% |
How will the significant increase in renewable power capacity impact the company's cost structure and ESG compliance?
What are the expected profit margins from the new stainless steel vertical compared to traditional steel products?
How does Shyam Metalics plan to finance the substantial capital expenditure required for the post-expansion phase?
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