Today, we’re going on a journey to explore the estimated Shyam Metalics Share Price Target for the years 2023 to 2050. We will use our Research and the company’s growth prospects to make a prediction. By the end of our journey, you will have a better understanding of the expected Shyam Metalics Share Price Target.
Shyam Metalics and Energy Limited is a leading integrated metal producing company based in Kolkata, West Bengal, India. The company was founded in 2002 and has since established itself as a major player in the Indian metal industry.
Shyam Metalics and Energy Limited operates across the steel value chain, from pellets to finished rolled products, and produces a range of long steel products, ferro alloys, and pellets. The company has multiple manufacturing plants and offices across India, including in Sambalpur, Odisha, and other facilities in Jamuria, Mangalpur, and Pakuria in West Bengal.
Overview of Shyam Metalics
| Name | Shyam Metalics and Energy Limited |
| Symbol | SHYAMMETAL |
| Industry | Metals and Mining |
| Founded | 2002 |
| Headquarters | Kolkata, West Bengal, India |
| Country | India |
| Locations | Multiple manufacturing plants & offices across India |
| Website | shyammetalics.com |
| Profile | Shyam_Metalics_and_Energy |
Shyam Metalics and Energy Limited’s products are marketed across 32 Indian states and 17 countries, and the company enjoys a significant market share in Eastern India in addition to a strong presence in Central, Northern, and Western India. The company’s registered and corporate offices are in Kolkata. Shyam Metalics and Energy Limited is listed on the BSE and NSE under the symbol SHYAMMETAL.
The company has a diversified product portfolio, including iron pellets, sponge iron, steel billets, TMT bars, wire rods, and ductile iron pipes. Shyam Metalics has a strong presence in both domestic and international markets, with exports to over 20 countries.
We will analyze the performance of the company’s shares in recent times and provide you with a well-researched Shyam Metalics Share price target for 2023, 2025, 2030 to 2050.
Keep an eye on Shyam Metalics’s share price today with real-time updates, and examine its performance on the stock market through comprehensive charts that display the fluctuations in Shyam Metalics’s stock price. we will also take into analyst recommendations from various brokerage firms at the end of the article.
Above, the chart presents historical prices for Shyam Metalics stock, illustrating its trending behavior. Below, the table provides detailed data on the stock’s open, high, low, and close prices, offering a comprehensive perspective for stock analysis.
Brokerage Firms
An effective method for evaluating the Shyam Metalics share price Target is by examining research reports and analyses conducted by reputable financial institutions and brokerage firms. Please find the latest research reports available on Shyam Metalics.
| DATE | AUTHOR | TARGET | TYPE |
|---|---|---|---|
| 09 NOV 2023 | ICICI Securities Limited | 690.00 |
Buy
|
| 14 AUG 2023 | ICICI Securities Limited | 690.00 |
Buy
|
| 29 JUL 2023 | ICICI Securities Limited | 570.00 |
Buy
|
| 07 JUN 2023 | ICICI Securities Limited | 570.00 |
Buy
|
Fundamentals of Shyam Metalics
The fundamental analysis of Shyam Metalics Limited focuses on key factors to better understand the company’s valuation.
- Strengths
- Outperformed India’s economic growth in every year of its existence with a 41.51% CAGR in revenues.
- Possibly the only Indian steel company to remain PAT-positive for 18 consecutive years.
- Integrated backward from finished metal to ore to reduce costs.
- Emerged as India’s largest ferroalloy manufacturer and third-largest sponge iron producer.
- Talent management is critical to the company’s success and sustainability.
- Weaknesses
- Dependence on the cyclical steel industry.
- Reliance on third-party suppliers for raw materials.
- Limited information is provided in the given text.
- Opportunities
- Growing demand for steel in India and other emerging markets.
- Expansion into new markets through strategic partnerships and acquisitions.
- Development of new products and technologies to meet changing customer needs.
- Investment in renewable energy sources to reduce carbon footprint.
- Threats
- Intense competition from domestic and international steel manufacturers.
- Fluctuations in raw material prices and exchange rates.
- Regulatory changes and government policies affecting the steel industry.
- Economic downturns and market volatility.
We will analyze the performance of the company’s shares in recent times and provide you with a well-researched Shyam Metalics price target for 2023, 2025 to 2030, based on our Research knowledge and forecasting.
| Year | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| 2023 | ₹550 | ₹650 |
| 2024 | ₹700 | ₹800 |
| 2025 | ₹900 | ₹1000 |
| 2026 | ₹1100 | ₹1200 |
| 2027 | ₹1400 | ₹1500 |
| 2030 | ₹2500 | ₹3000 |
| 2035 | ₹4000 | ₹4500 |
| 2040 | ₹6000 | ₹7000 |
| 2050 | ₹10,000 | ₹12,000 |
Our minimum target for Shyam Metalics share price in 2023 is INR 550, and the maximum target is INR 650. The company has consistently delivered strong financials, with consistent production and sales growth, larger capacity, and a relatively under-borrowed balance sheet . The company’s net cash position and high interest cover also indicate a strong financial position.
Additionally, the company’s focus on consistent reinvestment and capacity growth has generated superior economies . These factors, along with the positive outlook for the metal industry, lead us to believe that Shyam Metalics will continue to perform well in 2023.
Our minimum target for Shyam Metalics share price in 2024 is INR 700, and the maximum target is INR 800. The company’s consistent growth across the years, capacity growth generating superior economies, and capacity growth servicing downstream needs on time and in full are expected to continue to drive the company’s growth in 2024. Additionally, the company’s focus on reducing the balance sheet size and generating investments largely from net worth is expected to further strengthen the company’s financial position.
Our minimum target for Shyam Metalics share price in 2025 is INR 900, and the maximum target is INR 1000. The company’s focus on capacity growth across a range of products, providing a solution , is expected to continue to drive the company’s growth in 2025. Additionally, the positive outlook for the metal industry, with increasing demand for steel and other metals, is expected to further boost the company’s performance.
Our minimum target for Shyam Metalics share price in 2027 is INR 1400, and the maximum target is INR 1500. The company’s focus on capacity growth translating into year-on-year production/sales , along with the positive outlook for the metal industry, is expected to continue to drive the company’s growth in 2027. Additionally, the company’s focus on reducing its debt and maintaining a relatively under-borrowed balance sheet is expected to further strengthen the company’s financial position.
Our minimum target for Shyam Metalics share price in 2030 is INR 2500, and the maximum target is INR 3000. The company’s focus on consistent reinvestment and capacity growth, along with its strong financial position, is expected to continue to drive the company’s growth in 2030. Additionally, the company’s focus on reducing its debt and maintaining a relatively under-borrowed balance sheet, along with the positive outlook for the metal industry, is expected to further boost the company’s performance.
Our minimum target for Shyam Metalics share price in 2035 is INR 4000, and the maximum target is INR 4500. The company’s focus on capacity growth across a range of products, providing a solution , along with the positive outlook for the metal industry, is expected to continue to drive the company’s growth in 2035.
Additionally, the company’s focus on reducing its debt and maintaining a relatively under-borrowed balance sheet , along with its strong financial position, is expected to further strengthen the company’s position in the metal industry.
Our minimum target for Shyam Metalics share price in 2040 is INR 6000, and the maximum target is INR 7000. The company’s focus on consistent reinvestment and capacity growth, along with its strong financial position, is expected to continue to drive the company’s growth in 2040. Additionally, the company’s focus on progressive integration, unprecedented expansion programs, and timely acquisitions , along with the positive outlook for the metal industry, is expected to further boost the company’s performance in 2040.
Our minimum target for Shyam Metalics share price in 2050 is INR 10,000, and the maximum target is INR 12,000. The company’s focus on consistent reinvestment and capacity growth, along with its strong financial position, is expected to continue to drive the company’s growth in 2050.
Additionally, the company’s focus on reducing its debt and maintaining a relatively under-borrowed balance sheet, along with the positive outlook for the metal industry, is expected to further strengthen the company’s position in the metal industry. The company’s long-term vision and strategic planning, along with its commitment to becoming the best in the industry , are expected to drive the company’s growth and success in the long run.
Competitors of Shyam Metalics
| Name | P/E | Mar Cap Rs.Cr. |
|---|---|---|
| JSW Steel | 20.68 | 183701.88 |
| Tata Steel | 2407.91 | 146230.64 |
| APL Apollo Tubes | 59.53 | 45685.34 |
| Jindal Stain. | 14.37 | 37894.46 |
| S A I L | 25.89 | 35993.34 |
| Jindal Saw | 14.47 | 14994.91 |
| Shyam Metalics | 17.13 | 11477.36 |
Analyst Recommendations
Shyam Metalics Buy or Sell
Daily Low / High
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– According to Google historical data, the price of Shyam Metalics on 25 JUN 2021 was ₹389.
– As of 9 November 2023, the current share price of Shyam Metalics is ₹447.80 Check out today’s current share price.
– Based on our analysis, the maximum share price target for Shyam Metalics in 2023 could be ₹650.
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I would like to remind you that I am not authorized by SEBI to provide any financial advice or recommendations. As you know, Share price prediction is not an exact science, That’s why I am conducting in-depth research and using different AI tools to predict share prices. My purpose is only educational, and I am using AI to see what the future of the stock might look like.
Disclaimer– These Share Price Targets for “Shyam Metalics Share Price Target” are only provided for informational purposes only. It does not constitute a recommendation to buy, sell, or hold Shyam Metalics stock. Investors should conduct their own research and analysis and consult with financial experts before making any investment decisions— Sharedhan.com
