Is Sandur Manganese & Iron Ores Ltd (SANDUMA) a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Sandur Manganese & Iron Ores Ltd is a good quality company .

Is Sandur Manganese & Iron Ores Ltd (SANDUMA) undervalued or overvalued?

The key valuation ratios of Sandur Manganese & Iron Ores Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Sandur Manganese & Iron Ores Ltd (SANDUMA) share price return in the past 10 years?

Sandur Manganese & Iron Ores Ltd share price has appreciated 33.9% annually (CAGR) over the past ten years.

Is Sandur Manganese & Iron Ores Ltd (SANDUMA) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Sandur Manganese & Iron Ores Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

What is the share price of Sandur Manganese & Iron Ores Ltd (SANDUMA)?

Company share prices are keep on changing according to the market conditions. The current trading price of Sandur Manganese & Iron Ores Ltd (SANDUMA) on 30-Apr-2026 16:59:59 at 16:59 is 210.55.

What is the P/E ratio of Sandur Manganese & Iron Ores?

The latest standalone P/E ratio of Sandur Manganese & Iron Ores as of 30-Apr-2026 is 21.05.

What is the P/B ratio of Sandur Manganese & Iron Ores Ltd (SANDUMA)?

The latest standalone P/B ratio of Sandur Manganese & Iron Ores Ltd (SANDUMA) as of 30-Apr-2026 is 3.51.

What is the 52-week high and low of Sandur Manganese & Iron Ores Ltd (SANDUMA)?

The 52-week high of Sandur Manganese & Iron Ores Ltd (SANDUMA) is Rs. 272.85 and the 52-week low is Rs. 141.37.

Sandur Manganese & Iron Ores Ltd (SANDUMA) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: Sandur Manganese & Iron Ores Ltd (SANDUMA)
Brand: Sandur Manganese & Iron Ores

Key Metrics

Market Cap

₹10,235 Cr.

P/E Ratio

21.05

Price to Book (P/B)

3.51

Price to Sales (P/S)

5.28

EV/EBITDA

13.00

Return on Capital Employed (ROCE)

22.72%

Current Price

₹210.6

Return on Equity (ROE)

18.75%

Return on Assets (ROA)

10.83%

Operating Profit Margin

33.8%

Net Profit Margin

22.93%

Gross Profit Margin

33.9%

Book Value per Share

₹59.9

Sales Growth (YoY)

54.82%

Sales Growth (3 Years)

-4.83%

Operating Profit Growth (1 Year)

104.28%

Operating Profit Growth (3 Years)

-12.4%

Net Profit Growth (1 Year)

86.77%

52-Week Low / High

₹141 / 273

Net Profit Growth (3 Years)

-13%

Dividend Yield

0.28%

Promoter Holding

74.22%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Stock return of Sandur Manganese & Iron Ores Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 33.7% based on the current price.

Q.1 Revenue growth of Sandur Manganese & Iron Ores Ltd?

Sandur Manganese & Iron Ores Ltd revenue growth is 54.8% for FY-2025, which is above its 5-year CAGR of 26.79%, indicating faster growth.

Q.1 Which industry/sub-sector does Sandur Manganese & Iron Ores Ltd belong to?

Sandur Manganese & Iron Ores Ltd belongs to the Metals & Mining sector, operating specifically within the Mining & Minerals segment.

Q.1 Promoter shareholding and pledge status of Sandur Manganese & Iron Ores Ltd?

Promoters hold 74.22% of the Sandur Manganese & Iron Ores Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of Sandur Manganese & Iron Ores Ltd vs industry peers?

Sandur Manganese & Iron Ores Ltd revenue CAGR is 26.79%, compared to the industry median CAGR of 8.83%, indicating faster growth and gaining its market share.

DeciZen - make an informed investing decision on Sandur Manganese

Based on:

Data

Overall Rating ⓘ
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1. Quality

2. Valuation ⓘ

3. Price Trend

Sandur Manganese & Iron Ores stock performance

Key Ratios

Is Sandur Manganese & Iron Ores Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	-1.3%	23.1%	35.3%	37.4%	21.1%	22.4%	57.4%	18.9%	15.6%	22.7%	-
Value Creation Index ⓘ	-1.1	0.7	1.5	1.7	0.5	0.6	3.1	0.4	0.2	0.7	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	222	422	608	702	592	747	2,249	2,126	1,252	1,939	1,937
Sales YoY Gr.	-	89.9%	44%	15.5%	-15.7%	26.2%	201.2%	-5.5%	-41.1%	54.8%	-
Adj EPS ⓘ	-0.3	1.2	2.3	3.1	3.2	3.2	13.9	6	4.9	9.2	10
YoY Gr.	-	NA	90.8%	37.9%	3.2%	-1.2%	337%	-57%	-18.5%	87.1%	-
BVPS (₹) ⓘ	7.9	9.2	11.3	15	17.9	20.6	34.4	39.8	44.4	53.2	59.9
Adj Net Profit ⓘ	-15.2	55.7	107	147	152	154	673	292	238	445	486
Cash Flow from Ops. ⓘ	3	80.3	122	169	-13.3	340	837	143	154	659	-
Debt/CF from Ops. ⓘ	0	0	0	0	-30.4	1.1	0.4	1.4	0.9	1.6	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	27.2%	26.8%	-4.8%	54.8%
Adj EPS ⓘ	NA	23.2%	-13.1%	87.1%
BVPSⓘ	23.6%	24.4%	15.7%	19.8%
Share Price	33.9%	50.3%	44.5%	31.8%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	-4	13.9	22.2	23.9	19.7	16.8	50.8	16.2	11.6	18.8	17.7
Op. Profit Mgn % ⓘ	0.2	21.5	27.3	32.8	34.1	36.5	43.3	19.9	25.6	33.8	41.5
Net Profit Mgn % ⓘ	-6.8	13.2	17.5	21	25.6	20.6	29.9	13.7	19	23	25.1
Debt to Equity ⓘ	0	0	0	0	0.5	0.4	0.2	0.1	0.1	0.4	-
Working Cap Days ⓘ	667	256	109	109	191	457	237	245	476	324	73
Cash Conv. Cycle ⓘ	72	33	7	-21	-8	-47	-67	-15	30	14	38

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	10	11.9
TTM Sales (₹ Cr.)	1,937	4,898
BVPS (₹) ⓘ	59.9	62.1
Reserves (₹ Cr.) ⓘ	2,770	2,532
P/BV ⓘ	3.51	3.39
PE ⓘ	21.05	17.74

From the Market
52 Week Low / High (₹)	141.37 / 272.85
All Time Low / High (₹)	0.33 / 272.85
Market Cap (₹ Cr.)	10,235
Equity (₹ Cr.)	486.1
Face Value (₹)	10
Industry PE ⓘ	15.3

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Sandur Manganese - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	222	422	608	702	592	747	2,249	2,126	1,252	1,939
Operating Expenses ⓘ +	222	331	442	478	396	475	1,275	1,733	932	1,284
Manufacturing Costs	80	70	80	91	85	76	117	124	123	147
Material Costs	32	75	132	131	50	121	781	1,162	178	341
Employee Cost	55	65	83	82	92	102	113	128	171	159
Other Costs ⓘ	55	121	147	174	170	176	264	320	459	637
Operating Profit ⓘ	0	91	166	224	195	272	974	393	320	655
Operating Profit Margin (%)	0.2%	21.5%	27.3%	31.9%	33.0%	36.4%	43.3%	18.5%	25.6%	33.8%
Other Income ⓘ +	5	9	11	19	29	46	36	59	82	75
Exceptional Items ⓘ	-6	0	0	0	0	0	0	0	0	0
Interest ⓘ	0	7	5	6	31	41	38	28	20	73
Depreciation ⓘ	4	7	7	13	19	27	56	64	58	60
Profit Before Tax ⓘ	-5	85	165	224	175	250	915	359	324	597
Tax ⓘ	9	30	58	77	27	96	240	88	86	152
Profit After Tax	-14	56	107	147	147	154	675	271	238	445
PAT Margin (%)	-6.4%	13.2%	17.5%	21.0%	24.9%	20.6%	30.0%	12.7%	19.0%	22.9%
Adjusted EPS (₹)	-0.3	1.2	2.3	3.1	3.1	3.2	14.0	5.6	4.9	9.1
Dividend Payout Ratio (%)	-18.50%	7.90%	5.80%	4.20%	4.20%	5.90%	0.70%	5%	6.80%	4.60%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	370	432	530	704	839	993	1,659	1,934	2,157	2,585
Share Capital ⓘ	9	9	9	9	9	9	9	27	162	162
Reserves ⓘ	362	423	521	695	831	984	1,650	1,907	1,995	2,423
Debt +	0	0	0	0	400	364	252	161	98	921
Long Term Debt	0	0	0	0	331	308	252	161	98	921
Short Term Debt	0	0	0	0	69	56	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	19	32	52	75	80	222	570	252	134	119
Others Liabilities ⓘ	306	79	55	59	107	1,225	950	1,003	1,017	1,181
Total Liabilities ⓘ	695	543	636	837	1,426	2,805	3,431	3,349	3,407	4,805
Fixed Assets
Net Fixed Assets ⓘ +	78	68	73	211	257	759	796	835	844	841
Gross Block	104	75	87	243	307	832	923	1,022	1,089	1,132
Accumulated Depreciation	27	7	13	32	50	73	128	188	245	291
CWIP ⓘ	1	3	12	202	557	82	42	67	116	121
Investments ⓘ	175	247	303	65	57	291	376	489	502	2,158
Inventories	60	89	87	65	162	157	311	292	388	323
Trade Receivables	8	6	4	21	31	76	203	144	34	1
Cash Equivalents	22	21	23	69	128	131	739	493	59	33
Others Assets ⓘ	350	110	135	205	235	1,308	963	1,029	1,462	1,327
Total Assets ⓘ	695	543	636	837	1,426	2,805	3,431	3,349	3,407	4,805

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	3	80	122	169	-13	340	837	143	154	659
PBT ⓘ	-5	85	165	224	175	250	915	359	324	597
Adjustment ⓘ	7	7	2	2	29	35	63	44	0	63
Changes in Working Capital ⓘ	9	12	15	22	-165	119	77	-175	-75	134
Tax Paid ⓘ	-7	-24	-60	-78	-52	-63	-218	-86	-96	-135
Cash Flow From Investing Activity ⓘ +	3	-68	-106	-147	-370	-249	-757	-30	-49	-1,480
Capex	-6	-15	-62	-240	-321	-60	-69	-187	-100	-65
Net Investments	12	-59	-48	116	4	-195	-698	177	-3	453
Others ⓘ	-3	5	4	-22	-54	6	11	-20	54	-1,868
Cash Flow From Financing Activity ⓘ +	-3	-12	-13	-12	378	-58	-106	-129	-107	800
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	18	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	331	33	-57	-106	-74	898
Interest Paid ⓘ	-0	-7	-5	-6	-7	-13	-36	-26	-19	-81
Dividend Paid ⓘ	-3	-4	-7	-5	-9	-4	-9	-14	-14	-16
Others ⓘ	-1	-1	-1	-1	62	-74	-3	-1	-1	-1
Net Cash Flow ⓘ	3	-0	3	10	-6	32	-26	-16	-2	-21

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	-3.75	13.89	22.16	23.89	19.1	16.8	50.91	15.08	11.64	18.75
ROCE (%)	-1.3	23.05	35.25	37.36	21.08	22.35	57.37	18.87	15.55	22.72
Asset Turnover Ratio	0.32	0.7	1.04	0.95	0.52	0.35	0.72	0.63	0.37	0.47
PAT to CFO Conversion(x)	N/A	1.43	1.14	1.15	-0.09	2.21	1.24	0.53	0.65	1.48
Working Capital Days
Receivable Days	9.20	6.20	3.20	6.50	16	26.20	22.70	29.80	26	3.40
Inventory Days	100.40	62.70	52.40	39.50	69.90	77.90	38	51.80	99.10	66.90
Payable Days	203.60	125.10	116.20	175.90	564.50	457.80	185	129	394.90	135.60

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Sandur Manganese & Iron Ores Ltd FAQs

The current trading price of Sandur Manganese on 30-Apr-2026 16:59 is ₹210.6.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 29-Apr-2026 the market cap of Sandur Manganese stood at ₹10,234.9 Cr

The latest P/E ratio of Sandur Manganese as of 29-Apr-2026 is 21.05.

The latest P/B ratio of Sandur Manganese as of 29-Apr-2026 is 3.51.

The 52-week high of Sandur Manganese is ₹272.9 and the 52-week low is ₹141.4.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sandur Manganese is ₹1,937 ( Cr.) .

About Sandur Manganese & Iron Ores Ltd

Sandur Manganese & Iron Ores (SMIORE) is one of India's highly integrated and diversified commodity producers with a rich heritage and over decades of experience in systematic, safe and scientific mining. Established in 1954, the company has since expanded beyond mining operations to include the production of ferroalloys, coke and energy, and continue to work towards further downstream expansion and diversification. At the heart of its business lies a steadfast commitment to environmentally responsible, systematic, safe, and scientific mining practices.

With an award-winning Sustainable Development Framework, the company prioritises a better quality of life for direct and indirect employees and various communities around it. Marching ahead to the future with the core values of integrity, ethics and humility, it is a model organisation for sustainable development, environmental protection, social impact and innovation. With a strong, forward-looking vision, SMIORE remains dedicated to becoming a fully integrated and sustainable commodity producer, well positioned for long-term growth and industry leadership in the years ahead.

Business Verticals

Manganese Ore
Iron Ore
Ferroalloys
Coke & Energy

Business area of the company

The company is engaged in mining of manganese and iron ores in Deogiri village of Sandur taluk, Ballari District, Karnataka. The company is also engaged in the manufacture of ferroalloys, coke and energy at Vyasanakere, Hosapete. The company is a public limited Company incorporated in India.

Awards and Recognitions

2019-20

The company have been awarded ‘Five Star’ rating for 2016-17 at the 3rd National Conclave on Mines and Minerals held at New Delhi.
SMIORE has won several awards for safety and environmental protection at the State and National levels.

2020-21

Five Star Award for Implementing SDF (Sustainable Development Framework)
Recognized by the Vasudeva Committee (Constituted by Government of India) for Systematic Mining
The Government of India has successively awarded SMIORE with the highest standards of safety awards for many years.

2021-22

SMIORE has consistently received the 5-star rating each year since the introduction of SDF.
The company has received Vishwakarma Rashtriya Puraskar, National Safety Award (Mines) to the Company’s Deogiri Manganese & Iron Ore Mine for the year 2017, i.e., after a gap of about 26 years
Recognized as a leading mining company in Karnataka
Excellence in productivity, quality, innovation and management award, 2009, by the Institute of Economic Studies (IES),

2022-23

Receive the Five Star Rating Award for the eighth consecutive time since inception.
Industry Safety Awards - SMIORE being awarded an impressive total of 33 prizes in various categories.
Environment Conservation Awards - SMIORE achieved remarkable success by securing a total of 17 prestigious prizes.
SMIORE’s Vyasanakere plant achieved an outstanding milestone by being honoured with the ‘Best Safety Performance Industry’ award at the BKRISE regional level competition in FY23.

2023-24

5 Star Rated Mines Award
Mines Safety Award

2024-25

Seven Star and Five Star Rating of Mines Award
Silver Award in 50th CII National Kaizen Competition (Coke Oven Team)
Gold Award for Industrial Safety Leadership -CII 2024

Milestones

1950s: SMIORE gains mining lease
1966: Listed on the Bombay Stock Exchange (BSE) Limited to fund and establish its electro metallurgical operations.
1968: Commissioned the first 15-MVA furnace in Vyasanakere, initiating ferroalloy production.
1977: Added two 20-MVA furnaces, facilitating diversification into Pig Iron, Ferromanganese, Ferrosilicon, and Silicomanganese.
1980s: The Company consolidated its operations on mining and ferro alloys operations.
1990s: Faced operational hurdles due to scarce and expensive power supply, impacting ferroalloy operations.
2000: Temporarily suspended ferroalloy manufacturing considering persistent energy constraints.
2007: Demonstrated resilience by restarting ferroalloy operations.
2010: Commissioned a 32 MW Captive Thermal Power Plant to address ongoing power challenges.
2018: Initiated construction of Waste Heat Recovery Boilers (WHRB) alongside a Coke Oven Plant, to ensure long-term power viability and sustainability.
2021: Achieved a major operational turnaround with the full commissioning of the Coke Oven and WHRB plant, revitalising ferroalloy production capabilities.
2022: The Company has obtained approval from MoEF&CC for the change in plant configuration and product mix for the Company's plant situated at Hanumanahalli Village, Hosapete Taluk, Vijayanagara District, Karnataka.
2022: Nearly doubled the production capacity of Silicomanganese and Ferromanganese (SiMn/FeMn) to 95,000 TPA/125,000 TPA, up from 48,000 TPA/66,000 TPA, reflecting growing market demand and enhanced efficiency.
2023: Received Environmental Clearance for mining expansion from 1.6 to 4.5 MTPA of iron ore.
2023: Commissioned a 42.9 MW Hybrid Renewable Energy Project under the SPV Renew Sandur Green Energy Solutions Private Limited, supporting energy sustainability in tandem with increased ferroalloy operations.
2024: Sandur crossed $1 billion in market capitalization.
2024: Received enhanced MPAP of 3.81 MT of iron ore and 0.462 MT of manganese ore from the Monitoring Committee.
2024: Raised Rs 450 crore through issue of Listed Non-Convertible Debentures.
2024: Strategic business acquisition of Arjas Steel Private Limited.
2025: Commissioned Arjas’ first Garret Coiler, enabling production of coil-based products.

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Sandur Manganese & Iron Ores Ltd (SANDUMA) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Sandur Manganese Share Price