Shyam Metalics Share Price: 40.5% CAGR in 3 Years as This Newly Listed Metal Producer Takes On Tata Steel, JSW Steel and SAIL
- November 4, 2026
- Posted by: Chaitanya Auti
- Category: Best Stocks
Shyam Metalics Share Price: 40.5% CAGR in 3 Years as This Newly Listed Metal Producer Takes On Tata Steel, JSW Steel and SAIL
Shyam Metalics previous close Rs 1,219.50. 3-year CAGR 40.5%. Up 2.8x since 3 Nov 2023. P/E 24.79 vs industry 20.41. ROE 10.97%.
Quick Answer
The Shyam Metalics share price closed at Rs 1,219.50 on 3 November 2026, a compounded annual return of 40.5% over three years. That compares with SAIL at 25.4%, JSW Steel at 20.9% and Tata Steel at 14.6%. The company has a market cap of Rs 33,987 crore and a P/E of 24.79 against an industry P/E of 20.41.
The Shyam Metalics share price has compounded faster than three of India’s largest listed steel companies over the last three years. That is notable because Shyam Metalics and Energy is a much smaller business, listed on the exchanges only in 2023, and it competes in a sector dominated by Tata Steel, JSW Steel and SAIL.
To test how well that holds up, we calculate the three-year CAGR for all four companies, then compare market cap, P/E against the industry average, return on equity and debt. Every price is adjusted for splits and bonuses, so the comparison is on equal terms.
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How Much Has the Shyam Metalics Share Price Returned in 3 Years?
The Shyam Metalics stock closed at Rs 440.00 on 3 November 2023 and at Rs 1,219.50 on 3 November 2026. Rs 1 lakh invested three years ago would have grown to about Rs 2.77 lakh, which is a CAGR of 40.5%. This is a price return and leaves out dividends.
CAGR condenses a bumpy three-year ride into one yearly number, which is why it is the fairest way to compare companies of different sizes. A stock such as Shyam Metalics can look spectacular on a chart and still have earned a modest yearly return, so the compounded figure keeps the comparison honest.
Steel is a cyclical business, and the Shyam Metalics share price has moved with the cycle of metal prices, volumes and raw material costs. A three-year window captures a decent part of that cycle, which makes the CAGR a reasonable guide to how each company has handled it.
Shyam Metalics vs SAIL, JSW Steel and Tata Steel: 3-Year CAGR Compared
The table ranks the companies by three-year CAGR. Prices on 3 November 2023 are adjusted for splits and bonuses, and the latest figures are the previous close on 3 November 2026.
| Company | Close on 3 Nov 2023 | Previous close (3 Nov 2026) | Price multiple | 3-year CAGR |
|---|---|---|---|---|
| Shyam Metalics and Energy | Rs 440.00 | Rs 1,219.50 | 2.8x | 40.5% |
| SAIL | Rs 84.90 | Rs 167.50 | 2.0x | 25.4% |
| JSW Steel | Rs 746.05 | Rs 1,320.00 | 1.8x | 20.9% |
| Tata Steel | Rs 117.30 | Rs 176.50 | 1.5x | 14.6% |
The Shyam Metalics stock leads the group at 40.5%, followed by SAIL at 25.4%, JSW Steel at 20.9% and Tata Steel at 14.6%. The spread between the four is wide. A company that compounds at around 40% a year multiplies investor money almost threefold in three years, while a mid-teens CAGR still adds roughly half again. Both are healthy outcomes in an asset-heavy sector.
Look at the Shyam Metalics share price alongside the peers as a snapshot of the last three years. It describes what happened, and valuation and earnings will decide what happens next.
Valuation and Quality Compared
| Company | Market cap | P/E | Industry P/E | ROE | Debt to equity |
|---|---|---|---|---|---|
| JSW Steel | Rs 3,22,445 crore | 10.17 | 20.41 | 11.86% | 0.62 |
| Tata Steel | Rs 2,19,960 crore | 19.53 | 20.41 | 10.56% | 0.90 |
| SAIL | Rs 68,980 crore | 12.31 | 20.41 | 8.96% | 0.50 |
| Shyam Metalics and Energy | Rs 33,987 crore | 24.79 | 20.41 | 10.97% | 0.11 |
By market cap, JSW Steel is the largest of the group at Rs 3,22,445 crore, while the Shyam Metalics stock stands at Rs 33,987 crore, about 11% of that size. On earnings, Shyam Metalics shares trade at a P/E of 24.79 against an industry P/E of 20.41, a premium of about 21%, which signals that the market expects faster earnings growth. Peer multiples are SAIL at 12.31, JSW Steel at 10.17 and Tata Steel at 19.53.
Return on equity is 10.97% for the Shyam Metalics stock, which ranks second among the four, and debt to equity stands at 0.11. Trailing EPS is Rs 49.11. Steel companies usually trade at modest multiples because of the cycle, so a P/E above the industry average reflects the market valuing the product mix and the growth profile of the company.
What Is Driving the Shyam Metalics Stock?
Shyam Metalics and Energy is an integrated metal producer based in Kolkata. Its products include sponge iron, iron pellets, ferro alloys, stainless steel, long steel products and aluminium foil, and it generates part of its own power. That integration across the value chain gives it some control over costs.
The company has been adding capacity across stainless steel and long products, and it has diversified into aluminium foil, which sells into a different demand cycle from construction steel. A broader product mix can smooth earnings when one segment slows.
Anyone following the Shyam Metalics share price should watch capacity ramp-up, the share of value-added products in revenue, and raw material costs, which swing with coking coal and iron ore prices.
How the Established Players Stack Up
Tata Steel is the largest steel company in the group by volume, with a market cap of Rs 2,19,960 crore and a CAGR of 14.6%. It pays a dividend yield of 2.27% and trades at a P/E of 19.53.
JSW Steel is the biggest by market cap at Rs 3,22,445 crore. It compounded at 20.9% a year and trades at a P/E of 10.17, the lowest in the group, with an ROE of 11.86%.
SAIL is the state-owned producer. It compounded at 25.4% a year, trades at a P/E of 12.31 and a P/B of 1.10, and yields 1.41% in dividends.
What Should Investors Track Next?
Three things matter for the Shyam Metalics share price from here. First, steel spreads, meaning the gap between selling prices and input costs. Second, how quickly new capacity turns into volumes. Third, demand from construction and infrastructure, which drives long products.
Cyclical stocks can swing in both directions, and a P/E of 24.79 against an industry average of 20.41 means the market already expects growth. Treat the three-year CAGR as history rather than a promise.
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How to Compare Steel Stocks Yourself
You can repeat this exercise for any pair of stocks, including the Shyam Metalics stock against its peers. Note the adjusted closing price on the base date, take the latest close, divide one by the other, raise the result to the power of one third and subtract one. Then place the CAGR next to market cap, P/E against the industry P/E, ROE and debt to equity. Benchmark the result against the Nifty 50 as well, so you know whether the stock beat the broader market.
A stock that scores well on growth but weakly on quality, or the reverse, deserves closer study before it enters a portfolio. When tracking the Shyam Metalics share price, the same four checks give a more complete picture than price alone.
Download the Univest iOS App or Univest Android App to track the Shyam Metalics share price and compare steel stocks live.
A Compact Metal Producer Worth Tracking
The Shyam Metalics share price has outrun Tata Steel, JSW Steel and SAIL on a three-year CAGR basis, at 40.5% a year. It did so on a much smaller base and with a valuation above the sector average.
The larger steel majors give scale, dividends and lower multiples, while Shyam Metalics offers faster growth with the volatility of a mid-sized cyclical. Which suits you depends on how much of the steel cycle you want to own.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
What is the Shyam Metalics share price today?
Ans. Shyam Metalics and Energy closed at Rs 1,219.50 on 3 November 2026, according to NSE data. It has a market cap of Rs 33,987 crore and a P/E of 24.79. Check live quotes before acting, as prices change every trading day.
What is the 3-year CAGR of the Shyam Metalics stock?
Ans. Shyam Metalics and Energy delivered a price CAGR of 40.5% over three years, moving from Rs 440.00 on 3 November 2023 to Rs 1,219.50 on 3 November 2026. The figure excludes dividends and uses adjusted closing prices.
Is Shyam Metalics better than Tata Steel or JSW Steel?
Ans. The Shyam Metalics stock delivered a higher three-year CAGR at 40.5% than Tata Steel at 14.6% and JSW Steel at 20.9%. The majors are much larger, with lower P/E multiples of 19.53 and 10.17. Better depends on your risk appetite.
What does Shyam Metalics and Energy do?
Ans. Shyam Metalics and Energy is a Kolkata-based integrated metal producer. It makes sponge iron, pellets, ferro alloys, stainless steel, long steel products and aluminium foil, and generates part of its own power.
Is the Shyam Metalics stock debt free?
Ans. The debt to equity ratio of the Shyam Metalics stock is 0.11 and its return on equity is 10.97%. Always check the latest balance sheet for current figures, as debt levels change with expansion plans.
Is Shyam Metalics expensive compared with the industry?
Ans. Shyam Metalics trades at a P/E of 24.79 against an industry P/E of 20.41. A higher multiple reflects expectations of faster growth, which the company must deliver through earnings.
Which steel stock gave the highest return in 3 years?
Ans. Among the companies compared here, Shyam Metalics and Energy delivered the highest three-year CAGR at 40.5%, followed by SAIL at 25.4%. Past returns do not guarantee future performance.
How do I calculate CAGR for a stock?
Ans. Divide the latest price by the starting price, raise the result to the power of one divided by the number of years, and subtract one. Multiply by 100 for a percentage. Use split and bonus adjusted prices for accurate results.