Global Materials | Industrials | Commodities

Rahul Jain

Equity Bottom-Up

Sarda Energy & Minerals / Equity Bottom-Up

<ul>
<li>Sarda’s near-term growth will be driven by the full-year contribution from SKS Power, boosting earnings visibility.</li>
<li>The business mix is shifting structurally from steel to power, which now contributes over 60% of EBIT. Low leverage at &lt;1x EV/EBITDA is a positive.</li>
<li>The recent weakness in spot power prices is seen as temporary; at 15x FY27 EV/EBITDA, the stock offers strong upside.</li>
</ul>


Sarda’s near-term growth will be driven by the full-year contribution from SKS Power, boosting earnings visibility.
The business mix is shifting structurally from steel to power, which now contributes over 60% of EBIT. Low leverage at &lt;1x EV/EBITDA is a positive.
The recent weakness in spot power prices is seen as temporary; at 15x FY27 EV/EBITDA, the stock offers strong upside.


Sarda Energy (SARDA IN): Power-Led Transition with Re-Rating Potential

India

Sarda Energy & Minerals Ltd. manufactures sponge iron and steel ingots.

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Sarda Energy & Minerals (SEML IN)

Sarda Energy (SARDA IN): Power-Led Transition with Re-Rating Potential

Sarda Industries' growth fueled by SKS Power, shift to power business, low leverage, and potential for strong upside despite temporary spot power...

Rahul Jain

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Sarda Energy (SARDA IN): Power-Led Transition with Re-Rating Potential

​Sarda Industries' growth fueled by SKS Power, shift to power business, low leverage, and potential for strong upside despite temporary spot power...

Rahul Jain

Sarda Industries' growth fueled by SKS Power, shift to power business, low leverage, and potential for strong upside despite temporary spot power...