Shyam Metalics & Energy Reports April 2026 Consolidated Sales: Strong YoY Gains in CR Coil and Pig Iron, Mixed Trends Across Segments

4 min read     Updated on 06 May 2026, 11:06 AM
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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.

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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 Day5 Days1 Month6 Months1 Year5 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?

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Shyam Metalics Board Meeting on May 11, Q4FY26 Conference Call on May 12

2 min read     Updated on 01 May 2026, 12:00 PM
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Shyam Metalics and Energy Limited has announced a board meeting on May 11, 2026, to consider and approve audited financial results for Q4 and FY ended March 31, 2026, along with final dividend recommendations. The company will host a conference call with investors and analysts on May 12, 2026, at 4:00 PM IST to discuss the financial results, with management participation from Chairman & MD Mr. Brij Bhushan Agarwal and CFO Mr. Deepak Agarwal.

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Shyam metalics & energy Limited has informed stock exchanges about an upcoming board meeting scheduled for May 11, 2026, to discuss key financial matters for the financial year 2025-26. The company issued the notice on April 28, 2026, in compliance with SEBI regulations. Following the board meeting, the company has scheduled a conference call with investors and analysts on May 12, 2026, at 4:00 PM IST to discuss the audited financial results for Q4 and FY ended March 31, 2026.

Board Meeting Agenda

The board meeting will address several critical business items as outlined in the official communication to BSE and NSE:

Agenda Item: Details
Financial Results: Consider and approve audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026
Dividend Recommendation: Consider and recommend final dividend for financial year 2025-26
Capital Expenditure: Consider future capex announcements
Other Business: Any additional items with Chair's permission

Q4 & FY26 Earnings Conference Call

In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Shyam Metalics has announced a conference call with investors and analysts scheduled for Tuesday, May 12, 2026, at 4:00 PM IST. The call will focus on the audited financial results for the fourth quarter and year ended March 31, 2026. The company issued an official conference call intimation on April 30, 2026, confirming the arrangements.

Management Participants

Participant: Designation
Mr. Brij Bhushan Agarwal: Chairman & Managing Director
Mr. Deepak Agarwal: Director (Finance) & CFO

Conference Call Access Details

Access Type: Contact Numbers
Primary Number: +91 22 6280 1550, +91 22 7115 8378
Hong Kong: 800 964 448
Singapore: 800 101 2045
USA: 1 866 746 2133
UK: 0 808 101 1573

For registration and inquiries, investors may contact Mr. Pankaj Harlalka at +91 9830028142 or pankaj.harlalka@shyammetalics.com , or Mr. Sumeet Khaitan at +91 7021320701 or sumeet.khaitan@in.mpms.mufg.com .

Trading Window Closure

In accordance with the company's insider trading prevention code, Shyam Metalics has implemented a trading window closure for all designated persons and their immediate relatives. The restrictions became effective from April 1, 2026, and will continue until 48 hours after the financial results are declared to the stock exchanges.

Regulatory Compliance

The board meeting notice and conference call intimation have been issued pursuant to Regulation 29 read with Regulation 30 and Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communications were signed by Birendra Kumar Jain, Company Secretary and Compliance Officer, ensuring proper adherence to regulatory requirements.

Company Profile

Shyam Metalics and Energy Limited operates under multiple brand names including Tiger TMT Re-Bar, Tiger Stainless Steel, Tiger Roofing Sheets, Tiger Structural Steel, and Tiger Foil Aluminium Foil. The company is headquartered in Kolkata, West Bengal, and maintains its registered office at P-19, Taratala Road, CPT Colony.

Historical Stock Returns for Shyam Metalics & Energy

1 Day5 Days1 Month6 Months1 Year5 Years
+2.20%+3.40%+9.93%+4.99%+3.07%+140.20%

What specific capital expenditure projects is Shyam Metalics likely to announce, and how might they impact the company's market position in the steel and energy sectors?

How will the proposed dividend recommendation for FY26 compare to previous years, and what does this signal about the company's cash flow strength?

What are the key performance metrics investors should watch for in Q4 FY26 results to gauge the company's resilience amid current steel industry challenges?

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