Shyam Metalics Approves Rs 27 Billion Capex After Strong FY26

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  • May 13,26
Shyam Metalics reported strong Q4 and FY26 growth, backed by higher revenue, profit, volumes and Rs 27 billion capex plan.
Shyam Metalics Approves Rs 27 Billion Capex After Strong FY26

Shyam Metalics and Energy Limited (SMEL) has announced an additional capex outlay of Rs 27 billion to strengthen its presence in value-added and specialty steel segments, expand downstream capabilities and support long-term growth initiatives. The announcement came alongside the company’s financial results for the quarter and full year ended 31 March 2026.

The company reported consolidated revenue of Rs 52.40 billion in Q4 FY26, registering 27 per cent year-on-year growth compared to Rs 41.39 billion in Q4 FY25. EBITDA for the quarter stood at Rs 7.56 billion, up 33 per cent year-on-year, while Profit After Tax (PAT) rose 42 per cent year-on-year to Rs 3.12 billion. Operating EBITDA increased 41 per cent year-on-year to Rs 7.27 billion during the quarter.

For FY26, the company reported consolidated revenue of Rs 185.52 billion, reflecting 22 per cent growth over FY25. EBITDA for the year stood at Rs 25.37 billion, while PAT increased to Rs 10.61 billion. Operating EBITDA for FY26 stood at Rs 23.33 billion, registering 25 per cent year-on-year growth.

The company witnessed strong operational momentum during the quarter, with overall volumes growing 22 per cent year-on-year in Q4 FY26. Significant growth was recorded across key product categories, including CR Coil/CR Sheet, Pig Iron, Stainless Steel and Iron Pellets, supported by improved realisations and enhanced operational efficiencies.

During the year, the company made progress across its strategic expansion projects, including the commencement of Phase 2 operations at its CRM complex in Jamuria and expansion at its aluminium plant in Pakuria through the addition of annealing furnaces. Its aluminium manufacturing project in Odisha is in an advanced stage of readiness for commencement of commercial production.

The company’s investments and expansion initiatives are aligned with the broader industrial growth momentum in West Bengal, supported by the state’s increasing focus on manufacturing-led development, infrastructure creation, ease of doing business and industrial ecosystem strengthening. Through sustained investments, employment generation and capacity expansion, Shyam Metalics continues to contribute towards the vision of a stronger industrial and manufacturing-driven “Sonar Bangla.”

Brij Bhushan Agarwal, Chairman & Managing Director, Shyam Metalics and Energy Limited, said, “Our performance during Q4 and FY26 reflects the strength of our integrated business model, disciplined execution, and continued focus on operational excellence. The consistent growth across revenues, profitability, and volumes demonstrates our ability to create sustainable value while navigating evolving market conditions. The newly approved capex will further strengthen our downstream and value-added product portfolio, supporting long-term growth across steel and aluminium segments.

“As West Bengal enters a new phase of industrial and economic progress, we believe the government’s renewed focus on infrastructure, investment facilitation, and ease of doing business will further strengthen the state’s manufacturing ecosystem. Through our upcoming expansion projects, we aim to support over 50,000 direct and indirect livelihoods from the current 25,000+, while contributing meaningfully towards the vision of a stronger and self-reliant ‘Sonar Bangla’.”

The company remains focused on strengthening its market position through premiumisation, downstream integration, operational discipline and strategic capacity expansion, while continuing to drive long-term sustainable growth.

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