Synopsis:
Sandur Manganese & Iron Ores Ltd will hold a Board Meeting on 8 August 2025 to consider Q1 results, bonus issue, and capital hike.
The shares of one of the leading steel mining stocks, specializing in the extraction and production of manganese ore and iron ore, jumped by upto 4 percent following the Board Meeting to Consider Issue of Bonus Shares.
With a market capitalization of Rs. 7,741.22 crores on Wednesday, the shares of Sandur Manganese & Iron Ores Limited rose by 3.8 percent, making a high of Rs. 486.40 per share compared to its previous closing price of Rs. 468.15 per share.
Sandur Manganese & Iron Ores Limited is engaged in the extraction and production of manganese ore and iron ore, has scheduled a Board Meeting on Friday, 8 August 2025, at 12:30 PM.
The Board meeting to consider the unaudited financial results for the quarter ended 30 June 2025, an increase in authorised share capital, and a proposal for issuing bonus shares. As per insider trading regulations, the trading window has been closed from 1 July 2025 and will reopen 48 hours after the meeting concludes.
Financials & Others
The company’s revenue rose by 128 percent from Rs. 582.67 crore to Rs. 1,330.29 crore in Q4FY24-25. Meanwhile, Net profit declined from Rs. 163.61 crore to Rs. 156.21 crore during the same period.
The company appears potentially undervalued with a low PEG ratio of 0.17 and a healthy debt-to-equity ratio of 0.72, and a strong promoter confidence is reflected in a shareholding of over 65%.
Over the past three years, the company has delivered consistent performance with an average revenue growth of 21.27 percent and net profit growth of 17.43 percent.
SMIORE, with over 70 years of experience, is one of India’s most respected private sector miners and the second-largest manganese ore producer in the country. It holds strong credit ratings (A+/Stable) from CRISIL and ICRA, backed by significant mineral reserves, 117 million tonnes of iron ore and 17 million tonnes of manganese ore (as of 31 March 2025), with mining leases valid up to 2033.
The company operates with robust capacities, including 4.45 MTPA iron ore, 0.599 MTPA manganese ore, and ferroalloy production of up to 1.25 lakh TPA. It also has 0.50 MTPA coke production, 32 MW of WHRB-based power, and 42.9 MW of solar-wind renewable energy, showcasing its diversified and sustainable operations.
Sandur Manganese & Iron Ores Limited (SMIORE) is a prominent Indian mining and metallurgical company headquartered in Bengaluru, Karnataka. It has evolved into one of India’s most integrated and diversified commodity producers.
The company operates across multiple sectors, including manganese and iron ore mining, ferroalloy production, coke and energy generation, and power supply. SMIORE’s mining operations are among the largest in the private sector, with significant reserves and mechanized processes ensuring efficient extraction and delivery.
Written by Sridhar J
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