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Sandur Manganese & Iron Ores
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Sandur Manganese and Iron Ores Limited (SMIOL) was incorporated in 1954 as a Private Limited Company to take over and develop manganese mines at Deogiri near Sandur, and was converted into a Public Limited Company on 29 Jul.'64 to establish an electro-metallurgical industry at Vyasanakere near Hospet. Led by S Y Ghorpade, the Promoter, the Company is engaged in mining of manganese and iron ores in Deogiri Village of Sandur Taluk, Bellary District. The Company is also engaged in manufacturing of ferro alloys and coke in Vyasanakere, Hosapete.
SMIOL has set up a separate electronics division for the manufacture of dot matrix printers with Japanese collaboration and a software division for the development of advanced software systems and training. The company produces about 3 lac tpa of manganese ore through open cast mining. In 1968, SMIOL established its metal and ferro-alloy plant near Hospet with 15-MVA electric reduction furnace for production of pig iron. Subsequently, it added two more furnaces and later started producing ferro manganese.
Other group companies are Sandur Investment, Sandur Financial Services, Sandur Laminates, etc. In Jan.'94, SMIOL came out with a rights issue of 18.75 lac equity shares (premium : Rs 35) aggregating Rs 8.44 cr to part-finance the Rs 60-cr 100% EOU project for 1.35 mln sq mtr pa of copper clad laminates in technical collaboration with West Coast Enterprises, US.SMIOL has set up a captive generation capacity of 130 mln units P.a in the 30-MW mini hydel project, and set up a pilot plant designed for beneficiation of 15,000 tonnes of C grade ore and to produce 5000 tpa of ferro manganese grade sinter.
The Company has been declared sick by BIFR and IDBI was appointed as Operating Agency during 1999-2000.
The Company's Third Unit of Hydel Power Project and Fourth Unit was commissioned in April, 2001.
Sandur Fluid Controls Ltd ceased to be SMIORE's subsidiary Company in 2003-04. The Hemavathy Left Bank Canal Hydel Plant at Gorur, Hassan was sold in March 2004 to Hemavathy Power & Light Private Limited (HPLPL) as part of the Company's efforts to raise funds for its rehabilitation.
During FY 2008-09, the resultant of 1,95,00,000 equity shares allotted by Star Metallics and Power Private Limited (SMPPL) on 25 October 2008, SMPPL became the subsidiary of Company. SMPPL's 2 MW captive thermal power plant situated at Vyasanakere, in Bellary District was commissioned in FY 2009-10. The Company's mining operations resumed from 25 January 2013.
Coke Oven Plant operations of Batteries 1 & 2 was commissioned in January 2020. The new 24 MVA furnace was commissioned in March 2020. During FY 2019-20, Star Metallics and Power Private Limited (SMPPL) (Transferor Company) was merged with Sandur Manganese & Iron Ores Limited (SMIORE)/ (Transferee Company) w.e.f. 01 April 2019. Resulting to the said Amalgamation, the holding of 7,52,40,000 shares constituting 80.58 % of the issued, subscribed and paid up share capital in SMPPL stood cancelled and SMPPL ceased to be a subsidiary of Company.
The implementations of the Stage I of the Iron and Steel (I&S) Project, which comprised of a 0.4 MTPA Coke Oven Plant (COP), 30 MW Waste Heat Recovery Boiler (WHRB) and Repair & Refurbishment of Ferroalloy Plant were commissioned during FY 2020-21. The Company started commercial operations relating
Sandur Manganese & Iron Ores share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Sandur Manganese & Iron Ores indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Sandur Manganese & Iron Ores is valued compared to its competitors.
Sandur Manganese & Iron Ores PE ratio helps investors understand what is the market value of each stock compared to Sandur Manganese & Iron Ores 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Sandur Manganese & Iron Ores evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Sandur Manganese & Iron Ores generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Sandur Manganese & Iron Ores in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Sandur Manganese & Iron Ores shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Sandur Manganese & Iron Ores compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Sandur Manganese & Iron Ores over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Sandur Manganese & Iron Ores helps investors get an insight into when they can enter or exit the stock. Key components of Sandur Manganese & Iron Ores Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Sandur Manganese & Iron Ores shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Sandur Manganese & Iron Ores ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Sandur Manganese & Iron Ores provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Sandur Manganese & Iron Ores highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Sandur Manganese & Iron Ores .
The balance sheet presents a snapshot of Sandur Manganese & Iron Ores ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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