Shyam Metalics & Energy Reports April 2026 Consolidated Sales: Strong YoY Gains in CR Coil and Pig Iron, Mixed Trends Across Segments
Shyam Metalics & Energy Limited disclosed its consolidated sales performance for April 2026 (FY 2026-27) under Regulation 30 of SEBI (LODR) Regulations 2015. Pig Iron volumes surged 122.86% YoY, supported by the Jamuria blast furnace plant commissioned in November 2024, while CR Coil/CR Sheets volumes rose 41.35% YoY. Aluminium Foil and Pellet also posted healthy YoY volume gains of 19.63% and 18.59%, respectively. Carbon Steel, Sponge Iron, and Speciality Alloys recorded YoY volume declines, though realisations improved across most segments on both YoY and MoM bases.

*this image is generated using AI for illustrative purposes only.
Shyam Metalics & Energy Limited released its consolidated sales data for April 2026 (FY 2026-27) pursuant to Regulation 30 of SEBI (LODR) Regulations 2015. The report covers seven product segments — Stainless Steel, Aluminium Foil, Pellet, Speciality Alloys, Carbon Steel, CR Coil/CR Sheets, HR Tube/Pipe, Sponge Iron, and Pig Iron — presenting both year-on-year (YoY) and month-on-month (MoM) comparisons across volumes and average realisations.
Stainless Steel and Aluminium Foil Performance
The Stainless Steel segment recorded a YoY volume increase of 10.89%, with average realisations rising 25.30% on the same basis. On a MoM basis, volumes declined 24.63% compared to March FY26, while realisations improved by 11.52%. The Aluminium Foil segment posted strong YoY growth, with volumes up 19.63% and realisations up 22.29%. MoM, volumes fell 12.72% while realisations rose 5.82%.
| Metric: | April FY27 | April FY26 | % Change (YoY) | March FY26 | % Change (MoM) |
|---|---|---|---|---|---|
| Stainless Steel – Quantity (MT): | 7,928 | 7,149 | +10.89% | 10,519 | -24.63% |
| Stainless Steel – Avg. Realisation (Rs./MT): | 1,70,214 | 1,35,846 | +25.30% | 1,52,633 | +11.52% |
| Aluminium Foil – Quantity (MT): | 1,885 | 1,576 | +19.63% | 2,160 | -12.72% |
| Aluminium Foil – Avg. Realisation (Rs./MT): | 4,50,891 | 3,68,695 | +22.29% | 4,26,108 | +5.82% |
Pellet and Speciality Alloys
The Pellet segment reported a healthy YoY volume increase of 18.59%, with realisations rising 10.36%. On a MoM basis, volumes grew 15.52%, while realisations edged down by 0.53%. The Speciality Alloys segment saw volume declines of 7.79% YoY and 8.64% MoM, though realisations improved by 16.53% YoY and 2.07% MoM.
| Metric: | April FY27 | April FY26 | % Change (YoY) | March FY26 | % Change (MoM) |
|---|---|---|---|---|---|
| Pellet – Quantity (MT): | 1,23,507 | 1,04,148 | +18.59% | 1,06,917 | +15.52% |
| Pellet – Avg. Realisation (Rs./MT): | 9,718 | 8,806 | +10.36% | 9,771 | -0.53% |
| Speciality Alloys – Quantity (MT): | 18,391 | 19,945 | -7.79% | 20,130 | -8.64% |
| Speciality Alloys – Avg. Realisation (Rs./MT): | 1,02,443 | 87,909 | +16.53% | 1,00,363 | +2.07% |
Carbon Steel and CR Coil/CR Sheets
Carbon Steel — which represents the cumulative sales of Steel Billet and Long Steel Products — saw volumes decline 12.88% YoY and 23.81% MoM, while realisations improved 4.74% YoY and 3.73% MoM. In contrast, CR Coil/CR Sheets delivered the strongest volume growth among steel products, with a YoY increase of 41.35% and realisations up 19.44% on the same basis. MoM, volumes dipped marginally by 3.36% while realisations rose 3.45%.
| Metric: | April FY27 | April FY26 | % Change (YoY) | March FY26 | % Change (MoM) |
|---|---|---|---|---|---|
| Carbon Steel – Quantity (MT): | 1,18,809 | 1,36,372 | -12.88% | 1,55,938 | -23.81% |
| Carbon Steel – Avg. Realisation (Rs./MT): | 48,460 | 46,265 | +4.74% | 46,719 | +3.73% |
| CR Coil/CR Sheets – Quantity (MT): | 15,539 | 10,993 | +41.35% | 16,080 | -3.36% |
| CR Coil/CR Sheets – Avg. Realisation (Rs./MT): | 83,810 | 70,168 | +19.44% | 81,016 | +3.45% |
The company offers a premium range of SEL Tiger Roofing Sheets under its CR Coil/CR Sheets portfolio, categorised into four distinct brands:
- SEL TIGER Royale – Ultra-Premium Color Coated Sheets
- SEL TIGER ELITE – Premium Color Coated Sheets
- SEL TIGER AZURE – Galvalume Wider Sheets
- SEL TIGER ALFA – Galvalume Narrow Sheets
HR Tube/Pipe, Sponge Iron, and Pig Iron
The HR Tube/Pipe segment recorded a YoY volume decline of 26.71%, while realisations rose 11.00% on the same basis. MoM, volumes surged 58.98%, while realisations declined 1.29%. The company noted that leftover side-slitted HR coils from its colour-coated plant are repurposed for manufacturing rectangular hollow section (RHS) and square hollow section (SHS) pipes, with commercial sales commencing on April 25. Sponge Iron volumes fell 29.33% YoY and 31.38% MoM, though realisations improved 3.45% YoY and 3.41% MoM. Pig Iron was the standout performer, with volumes surging 122.86% YoY, supported by the commissioning of a blast furnace plant with a capacity of 7.7 lac tonnes per annum, along with a sinter and coke oven plant at the company's Jamuria location in November 2024. Pig Iron realisations rose 8.98% YoY and 2.92% MoM.
| Metric: | April FY27 | April FY26 | % Change (YoY) | March FY26 | % Change (MoM) |
|---|---|---|---|---|---|
| HR Tube/Pipe – Quantity (MT): | 357 | 488 | -26.71% | 225 | +58.98% |
| HR Tube/Pipe – Avg. Realisation (Rs./MT): | 54,195 | 48,825 | +11.00% | 54,904 | -1.29% |
| Sponge Iron – Quantity (MT): | 55,641 | 78,736 | -29.33% | 81,083 | -31.38% |
| Sponge Iron – Avg. Realisation (Rs./MT): | 26,530 | 25,646 | +3.45% | 25,656 | +3.41% |
| Pig Iron – Quantity (MT): | 93,345 | 41,886 | +122.86% | 94,319 | -1.03% |
| Pig Iron – Avg. Realisation (Rs./MT): | 38,579 | 35,400 | +8.98% | 37,486 | +2.92% |
About Shyam Metalics and Energy Limited
Shyam Metalics and Energy Limited is a leading multi-metal conglomerate with operations spanning carbon steel, stainless steel, speciality alloys, and aluminium foil, supported by captive power plants. The company is among the largest producers of Ferro Alloys in India, one of the leading players in pellet capacity, and the fourth largest in the sponge iron industry by capacity. SMEL has received a CRISIL AA+ (Stable) rating for Long Term Bank Facilities and a CRISIL A1+ rating for Short Term Bank Facilities.
Historical Stock Returns for Shyam Metalics & Energy
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.20% | +3.40% | +9.93% | +4.99% | +3.07% | +140.20% |
How will the newly commissioned blast furnace at Jamuria sustain Pig Iron's 122% YoY volume surge throughout FY27, and what downstream value-added products could this capacity unlock?
Given Carbon Steel's sharp 23.81% MoM volume decline alongside improving realisations, could Shyam Metalics be strategically shifting its product mix toward higher-margin segments like CR Coil and Stainless Steel?
With Sponge Iron volumes declining nearly 30% YoY, how might the company's increasing reliance on blast furnace-based Pig Iron production reshape its raw material procurement and cost structure going forward?


































