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SARDAEN - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.6

Last Updated Time : 19 Mar 26, 07:11 pm

Fundamental Rating: 3.6

Stock Code SARDAEN Market Cap 18,516 Cr. Current Price 525 ₹ High / Low 640 ₹
Stock P/E 20.5 Book Value 181 ₹ Dividend Yield 0.28 % ROCE 16.6 %
ROE 12.9 % Face Value 1.00 ₹ DMA 50 518 ₹ DMA 200 504 ₹
Chg in FII Hold -0.60 % Chg in DII Hold 0.06 % PAT Qtr 163 Cr. PAT Prev Qtr 240 Cr.
RSI 50.9 MACD 5.13 Volume 4,43,383 Avg Vol 1Wk 5,09,076
Low price 397 ₹ High price 640 ₹ PEG Ratio -6.71 Debt to equity 0.23
52w Index 52.9 % Qtr Profit Var -13.8 % EPS 25.7 ₹ Industry PE 20.1

📊 Financial Overview

  • Revenue & Profit Growth: Quarterly PAT declined from ₹240 Cr. to ₹163 Cr. (-13.8%).
  • Margins: ROE at 12.9% and ROCE at 16.6% → healthy efficiency.
  • Debt: Debt-to-equity ratio of 0.23 → low leverage, strong balance sheet.
  • Cash Flow: Stable, supported by consistent operations.
  • Return Metrics: EPS at ₹25.7, showing decent earnings power.

💹 Valuation Indicators

  • P/E Ratio: 20.5 vs Industry PE of 20.1 → fairly valued.
  • P/B Ratio: Price ₹525 / Book Value ₹181 ≈ 2.9.
  • PEG Ratio: -6.71 → negative, reflecting weak growth outlook.
  • Intrinsic Value: Fairly valued, limited margin of safety.

🏢 Business Model & Competitive Advantage

  • Operates in steel and ferro alloys manufacturing.
  • Competitive advantage lies in integrated operations and cost efficiency.
  • Strong balance sheet with low debt enhances resilience.
  • Challenges include cyclical demand and profit volatility.

📈 Entry Zone Recommendation

  • Technicals: RSI at 50.9 (neutral), MACD positive, price above 50DMA (518) and 200DMA (504).
  • Entry Zone: Accumulation possible near ₹500–520 for long-term investors.
  • Holding Guidance: Suitable for long-term holding given strong fundamentals, but growth outlook is modest.


✅ Positive

  • Healthy ROCE (16.6%) and ROE (12.9%).
  • Low debt-to-equity ratio (0.23).
  • DII holdings increased (+0.06%).

⚠️ Limitation

  • Quarterly PAT declined (-13.8%).
  • Negative PEG ratio indicates weak growth outlook.
  • Dividend yield low at 0.28%.

📉 Company Negative News

  • PAT dropped from ₹240 Cr. to ₹163 Cr.
  • FII holdings decreased (-0.60%).
  • Stock corrected from ₹640 to ₹525.

📈 Company Positive News

  • Strong ROCE and ROE indicate efficient capital use.
  • DII confidence increased slightly (+0.06%).
  • MACD positive, showing improving technical momentum.

🌐 Industry

  • Steel and ferro alloys industry is cyclical but critical for infrastructure growth.
  • Industry PE at 20.1 indicates sector trades at fair valuations.
  • Global demand recovery supports long-term opportunities.

🔎 Conclusion

  • SARDAEN shows strong fundamentals with low debt and healthy returns.
  • Valuations are fair, but profit volatility and weak growth outlook limit upside.
  • Best considered for long-term investors with entry near ₹500–520; holding depends on earnings stability and demand recovery.

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