| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 1,608 | 1,633 | −1.5% |
| EBITDA | 653 | 617 | +5.9% |
| EBITDA margin | 40.6% | 37.8% | +2.9 pts |
| Profit before tax | 615 | 553 | +11.1% |
| Net profit | 478 | 437 | +9.5% |
| EPS | ₹13.00 | ₹12.33 | +5.4% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 16,140 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 1,623 | 1,623 | 706 | 662 | 360 | ||
| 106 | 106 | 106 | 106 | 100 | ||
| 2,595 | 2,595 | 2,823 | 1,366 | 1,407 | ||
| 17,219 | — | — | — | — | ||
| 5,665 | 5,690 | 4,643 | 3,868 | 4,212 | ||
| — | +22.6% | +20.0% | −8.2% | — | ||
| 1,824 | 1,787 | 1,237 | 798 | 1,060 | ||
| 32.2% | 31.4% | 26.7% | 20.6% | 25.2% | ||
| 1,475 | 1,447 | 966 | 615 | 882 | ||
| 1,151 | 1,109 | 702 | 524 | 604 | ||
| 20.3% | 19.5% | 15.1% | 13.6% | 14.3% | ||
| ₹32.06 | ₹31.38 | ₹19.86 | ₹14.84 | ₹17.09 | ||
| — | +58.0% | +33.8% | −13.1% | — | ||
| — | 1,735 | 886 | 752 | 701 | ||
| — | −338 | −490 | −266 | −217 | ||
| 1,397 | 1,397 | 395 | 487 | 485 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 16,139.9 | |
| - Cash, Equiv & ST Investments | 360.5 | 662.0 | 706.5 | 1,622.8 | 1,622.8 | |
| + Minority Interest | 100.2 | 105.5 | 105.8 | 106.3 | 106.3 | |
| + Total Debt | 1,407.0 | 1,366.2 | 2,822.8 | 2,595.2 | 2,595.2 | |
| Enterprise Value | — | — | — | — | 17,218.5 | |
| Revenue | 4,211.9 | 3,868.1 | 4,642.9 | 5,690.5 | 5,665.4 | |
| Growth %, YoY | — | -8.2 | +20.0 | +22.6 | — | |
| EBITDA | 1,060.2 | 797.8 | 1,237.4 | 1,787.4 | 1,823.7 | |
| Margin % | 25.17 | 20.63 | 26.65 | 31.41 | 32.19 | |
| EBIT | 881.9 | 614.5 | 965.9 | 1,446.6 | 1,475.2 | |
| Net Income | 604.0 | 524.0 | 702.2 | 1,109.4 | 1,150.9 | |
| Margin % | 14.34 | 13.55 | 15.12 | 19.50 | 20.32 | |
| EPS, Adj (current shares) | 17.09 | 14.84 | 19.86 | 31.38 | 32.06 | |
| Growth %, YoY | — | -13.1 | +33.8 | +58.0 | — | |
| Cash from Operations | 701.5 | 752.3 | 885.7 | 1,734.9 | — | |
| Capital Expenditures | -216.8 | -265.5 | -490.3 | -337.8 | — | |
| Free Cash Flow | 484.7 | 486.8 | 395.4 | 1,397.0 | 1,397.0 | |
Prices at the 30 October 2026 close · figures from the company's filings with NSE
Sarda Energy and Minerals (NSE: SARDAEN) had a market capitalisation of ₹15,536 crore at the 30 October 2026 close (₹440.85 a share), a PE ratio of 13.8 on the last four quarters' profit and a price-to-book ratio of 2.11. In FY26 its consolidated net profit attributable to shareholders was ₹1,106 crore on revenue of ₹5,690 crore; in Q1 FY27 (April–June 2026) it was ₹458 crore, up 5.5% year on year. Its debt-to-equity ratio was 0.35 on 31 March 2026. Promoters held 73.16% of the shares on 30 September 2026.
Sarda Energy and Minerals' PE ratio is 13.8 at the 30 October 2026 close (₹440.85 a share): a market capitalisation of ₹15,536 crore divided by consolidated net profit attributable to shareholders of ₹1,130 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit attributable to shareholders (₹1,106 crore) it is 14.0.
Sarda Energy and Minerals' price-to-book (PB) ratio is 2.11 at the 30 October 2026 close: a market capitalisation of ₹15,536 crore divided by shareholders' equity (book value) of ₹7,370 crore on 31 March 2026. That is a book value of ₹209.14 per share against a share price of ₹440.85.
Sarda Energy and Minerals' net worth — shareholders' equity in its consolidated balance sheet — was ₹7,370 crore on 31 March 2026, up 17.2% from ₹6,286 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹15,536 crore at the 30 October 2026 close.
Sarda Energy and Minerals' market capitalisation was ₹15,536 crore at the 30 October 2026 close: 35.24 crore shares at ₹440.85 each.
No. Sarda Energy and Minerals had borrowings of ₹2,595 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.35. Its cash and current investments were ₹2,380 crore, so its net debt was ₹215 crore.
Sarda Energy and Minerals' basic earnings per share (EPS) were ₹31.38 in FY26, against ₹19.86 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹32.05.
Sarda Energy and Minerals' debt-to-equity ratio was 0.35 on 31 March 2026: borrowings of ₹2,595 crore against total equity of ₹7,476 crore. A year earlier, on 31 March 2025, it was 0.44.
Sarda Energy and Minerals' book value per share was ₹209.14 on 31 March 2026: shareholders' equity of ₹7,370 crore divided by the 35.24 crore shares in issue, up 17.2% from ₹178.39 a year earlier. The share price at the 30 October 2026 close was ₹440.85.
Promoters held 73.16% of Sarda Energy and Minerals on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
In FY26, Sarda Energy and Minerals' return on equity (ROE) was 16.2% and its return on capital employed (ROCE) was 14.9%. ROE is net profit attributable to shareholders divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 13.8% and ROCE 13.5%.
Sarda Energy and Minerals' dividend yield is 0.45% at the 30 October 2026 close: dividends of ₹2 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹440.85. They were ₹2 on 14 August 2026.
On 30 September 2026, Sarda Energy and Minerals' shares were held by promoters 73.16%, foreign portfolio investors (FII/FPI) 3.62%, domestic institutions (DII) 3.47% (including mutual funds at 0.45%) and retail and other non-institutional investors 19.76%. Over the year, FII holding was down 0.51 percentage points from 4.13% and DII holding was up 0.59 percentage points from 2.88%.
In 2026, Sarda Energy and Minerals has declared one dividend: ₹2 with record date 14 August 2026.
In FY26, Sarda Energy and Minerals generated ₹1,735 crore of cash from operations and spent ₹338 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹1,397 crore. In FY25 it was ₹395 crore.
Sarda Energy and Minerals will announce its Q2 FY27 results (July–September 2026) on Saturday, 31 October 2026, the date of the board meeting it has notified to the exchanges.
Sarda Energy and Minerals' latest results are for Q1 FY27 (April–June 2026), filed on 1 August 2026: consolidated net profit attributable to shareholders ₹458 crore, up 5.5% from ₹434 crore in Q1 FY26; revenue from operations ₹1,608 crore, down 1.5% year on year.
In FY26 (April 2025–March 2026), Sarda Energy and Minerals' consolidated net profit attributable to shareholders was ₹1,106 crore, up 58.0% from ₹700 crore in FY25, on revenue from operations of ₹5,690 crore (up 22.6%). Over three years, from FY23, net profit was up 83.7%.
At the 30 October 2026 closing prices, on FY26 net profit attributable to shareholders, Sarda Energy and Minerals' PE ratio is 14.0, the third highest of the four: Jindal Steel 32.1, Gujarat Mineral Development Corporation 13.7 and Gravita India 27.0, a peer average of 24.3. Each is the company's market capitalisation at that price divided by its FY26 net profit.
On FY26 consolidated figures, against Jindal Steel, Gujarat Mineral Development Corporation and Gravita India: Sarda Energy and Minerals' operating margin of 25.4% is the highest of the four (Jindal Steel 12.2%, Gujarat Mineral Development Corporation 12.4%, Gravita India 9.3%; peer average 11.3%); its return on equity of 16.2% is the second highest of the four (Jindal Steel 6.9%, Gujarat Mineral Development Corporation 14.2%, Gravita India 16.8%; peer average 12.6%); its revenue growth over three years of 10.6% a year is the second highest of the four (Jindal Steel 0.3% a year, Gujarat Mineral Development Corporation −8.8% a year, Gravita India 15.1% a year; peer average 2.2% a year).
In FY26, Sarda Energy and Minerals earned net profit attributable to shareholders of ₹1,106 crore on revenue of ₹5,690 crore, against ₹3,367 crore on ₹53,225 crore for Jindal Steel. Sarda Energy and Minerals' operating margin was 25.4% (Jindal Steel 12.2%) and its return on equity 16.2% (Jindal Steel 6.9%). At the 30 October 2026 close, Sarda Energy and Minerals' market capitalisation was ₹15,536 crore against ₹1,08,030 crore for Jindal Steel, and its PE ratio on FY26 profit 14.0 against 32.1.
From Sarda Energy and Minerals' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 30 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.